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55782582 No.55782582 [Reply] [Original]

How far along are you in your FIRE goal? I'm 50% of the way there, and it feels like I'll never reach it.

>> No.55782605

>>55782582
Not that far, 500k liquid and 800k nw including home equity. If I hit 1.5M I might sell my house and move to Spain or somewhere else cheap. Hopefully within 5 years I’ll have enough

>> No.55782625
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55782625

>>55782582
roughly 20% of the way
the reality is you will never reach it just investing in indexes. you need a superjob (software engineer at FAGMAN) or get lucky in real estate/stocks/crypto. i have a nice paying job and vlcol but it's just not enough on its own, i can maybe put away $60k/year in savings and even with that i have 25 years of straight working left in front of me

>> No.55782633

>>55782582
Earning $100k, I can put away $1500/mo in ETFs, alongside $300 401k deducted and match by employer every paycheck. Even then the math seems pretty fucked, and considering the median income in the US is like $40k just makes me feel sad for everybody. No house yet either.

>> No.55782650

>>55782625
What NW you going for? 60k a year savings is pretty decent, you’ll hit 7 figs after a decade or so doing that while investing in the S&P

>> No.55782675

Trying to rent out my paid-off warehouse in LA but commercial real estate is shit this year. If i can rent it out, i will get $12k to $17k per month. My warehouse was paid off because i started an amazon selling account 10 years ago and sold $ 25 million in grow lights in that time.

Also, my wife earns $180k so that helps.

>> No.55782777

>>55782650
my goal is $2m, my goal was also to retire by 35 or rope kek

>> No.55782824

>>55782777
I would allocate 80% to index funds and 20% to crypto or handpicked companies. If your 20% goes to shit you’ll still have a good nest egg as a plan B, and if your 20% moons then you’ll be rich AF. This is what I do and it’s resulted in good steady gains

>> No.55782932

>>55782582
I'm also 50% of the way, and it also feels slow.
I think the remaining 50% will feel faster though (assuming there isn't a big crash) because returns will compound.
I remember it feeling like forever to get my first 20k but I was so excited when I saw it, and even my first 100k felt like forever. But the 200k and 300k came out of nowhere, it doesn't even feel real.

Feels crazy I can't really buy a house in my city with how much I have saved, I always wanted to get a duplex and rent out half to pay for the mortgage but prices skyrocketed ever since I started working and rent wouldn't be high enough to pay the mortgage. Could get a 1.5k/mo mortgage if I used 100% of my savings and pay it off in 25 years, but that hardly seems worth it when my rent is 1.5k/mo right now.
Planning to retire early in my 30s to a cheap country instead, should have enough to live off 2k/mo indefinitely in 3-5 years, mabe sooner if we get a new crypto ATH.

I'm about a 50/50 mix between crypto and index funds. 90% of my index funds are broad funds that I've dollar cost averaged into and 10% are handpicked I try to find, it's kind of funny the returns on my handpicked are 54% and my dollar cost average returns are only 26%.

>> No.55782982

>>55782582
I was 100% and got blinded by euphoria and held down to now 25%. Feelsbad. Without another crypto run I’ll never get there now.

>> No.55783151

140k in investments and retirement fund. I want to get to 2k/month in dividends, and then I'll seriously consider quitting my current job and maybe doing some part time work just to cover the basic bills while I ride the DRIP train. Back of the napkin math, I think I can get there in 4 or 5 years if I tighten my belt and invest every spare cent I have into dividend stocks and ETFs.

>> No.55783378

>>55782633
What ETF are you going with anon? I'm in the exact same boat. Same pay, no house

>> No.55783452

>>55783378
I'm-- attempting-- to do the three fund Boglehead strategy; so buying "total market" domestic stock, domestic bonds, and international stocks. All ETFs so far are Vanguard, but I don't have a strong opinion on that. On the crypto side of things got some BTC, AVAX, LINK BAT, and HBAR, but I'm satisfied with my positions on those so not buying more for the time being. Just waiting on the bull.

>> No.55783489

>>55783452
Pretty solid. I just dca to VTI every paycheck. No crypto as it's too much of a mental headache. I will buy shitcoins for fun though just for quick flips sometimes

>> No.55783497

>>55782582
I don’t think I’m close to getting fired but I’m working on it. Unemployment checks are comfy

>> No.55783528

>>55783452
Bonds are a waste of time when young. Allocate 10-20% to bonds when you start to withdraw and then gradually shift to 40-50% bonds when approaching end of life

>> No.55783634

>>55783528
Will read into it more. I suspect you're right, I was mostly following it on the advice of my very financially scrupulous friend.

>> No.55784384

i'm 31 and make 250k a year but just got my job and its been a lot of grinding before this. I want to keep working until I'm make 3k/mo in dividends but that requires like 1mil in the stock market fuck.