Early Retirement Extreme Forums

1. Buy Landlording by Robinson 2. IF (and that is a big if) you do it with a friend, only do 1 and do a cheap property to limit your financial exposure 3. I would personally just save up enough so that you could do one by yourself and then after you do one, if you still want to do landlording, then ...

@IlliniDave Great journal! I appreciate your openness and dedication to 'remake your life'. One question (sorry if I missed this, but I reread your journal first to try to find the answer): How are you calculating your $1550 a month? Is that a vested pension? Dividends off of taxable portfolio? 2,3,...

It was somewhere above 10% (11.x%?), so most folk should be okay if they make adjustments when it hits 10%. Adjustments like going back to work or reducing expenses or finding a sugar daddy. I didn't completely understand this. Are you saying that you can withdraw 10-11% annually insofar that you r...

Here is a pretty interesting synthesis of various diets by a Bob Blum (PhD from Stanford I believe) that mentions CRON - Calorie Retricted Optimal Nutrition: http://www.bobblum.com/ESSAYS/BIOMED/Food.html. Not sure if the findings are complete on any of this, but I agree with your summarization of 4...

Is your music going to be retro 8-bit music? I love that stuff, but feel free to do whatever you want. Can't wait to try it!

Lol, way to go Hank! Seeing all of these people 'arriving' at the goal of ERE keeps me motivated and excited. The most encouraging thing is that it seems that you aren't relying on some sort of external stimulation to do things like 'explore in life' and all that that brings, but have an internal mo...

You probably should. I have a group of friends that created a holding company to buy up a ton of these notes through a broker. They pooled friends and family capital and put as much of their own money as possible into the company. They got some great deals via a broker who gave them second look at a...

Sclass,

What an inspiring story. I guess the phrase 'stress kills' is more accurate than we realize. Makes me want to speed up this journey and to chill out on the way as well.

Thanks,
Robert

In general, any real estate investing strategy makes sense if you count on appreciation over inflation. Unfortunately, that doesn't happen often, and when it does it is usually in select locations for an unpredictable amount of time. That line of logic has been around since the 80s and has burned a ...

I like to do a family financial review once a month with the wife and specifically review the charts that show a progression of % completion towards our 3 main financial goals. It is very motivating when you can have months that show 6-10% improvement towards a goal, whatever it is. For me, those go...

That looks really cool, will probably watch some of it tonight with the wife. Thanks!

57% saved is great! Way to go.

Also, there is a thread right now about that video with Slomo. While I feel sorry that the guy waited so long to do what he loves, it is really refreshing to see someone that 'in the system' just randomly give it up.

Here's another point I want to bring up. A big part of classical Early Retirement Extreme is investing the savings for income. Would Jesus have approved of capitalist financial markets? He did call the money-changers thieves, so it might not be that much of a stretch to say that he disagreed with t...

Interesting discussion. I understand a lot of the mindset behind the Protestant work ethic (PWE), which I think under-girds a lot of the anti-ERE mindset. However, as to ERE being un-biblical, that is another thing. The PWE includes some form of salvation anxiety as a motivator, which seems sad and ...

I would submit that The Last of the Mohicans should also make the list of movies better than the book.

If you have over 250K in the plan, file form 5500. I don't yet, so I do nothing. Here is the form http://www.dol.gov/ebsa/pdf/2013-5500-SF.pdf It is the 'short form' version since it is only a solo plan. Once I get to 250K I will probably call vanguard and ask for guidance. They were very helpful in...

https://investor.vanguard.com/what-we-offer/small-business/compare-plans?Link=facet I did solo401k with my S corp, and it is super easy. For me it is up to 100% of wages up to 17K employee wage deferral limit + 25% of w2 income via the S corp up to the combined 51K limit. So I can do 34K via company...

Are you planning on buying clothes with the 100 pp allowance? Also, how do you plan on handling Christmas/birthday gifts? I am inspired by seeing how low your health insurance is (I am assuming that is post-subsidy). When I plug my info into the Kaiser Foundation calculators, it is much higher, but ...

Google 72(t) / SEPP

It looks like your F and K columns have hard-coded values (36900 and 406750). What do those represent? Wouldn't you like everything to be editable (just like your other assumption cells like the tax rates). I don't know what those numbers represent, so I can't comment on them. Your model properly ac...