Early Retirement Extreme Forums

You live very well below your means Income of 150-175k per year in Jersey. You have a 401k with 30k + investment account with 11k + an estimate of 150k max liquid (75 for down payment + "one year expenses") + approx 60k in equity in your house You're 37 I don't know, these numbers have so...

It seems the consensus here is that I should sell my property in NJ rather than rent it out so let's run through a few scenarios: If I SELL: I can sell for approximately for between 235k and 250k minus 5% for or so for Realtor's commission (let's also not forget about seller's closing costs) and a 1...

Don't have your first baby AND start a new venture at the same time, you'll likely divorce. Trust me, most of my peers started families around the same time I did and talk of divorce was very common until you get the hang of it a year or two in. Can you elaborate on this a bit? What do you mean by ...

I don't care if you keep your house, your job, your business, your fiance, cars and boats, then add a business, house... hell, add another job if you want. It's your life, and you clearly have a great talent for acquisition of financial resources. What seems to be missing is prioritization and mayb...

Update... I went ahead and found a really great house in Bradenton Florida for 381K and I'm putting 20% down. I should be able to rent my NJ property for approximately $1,950 and my PITI is just a bit under $1,600 per month. That should produce a small income, but I'm not relying on that and I can e...

Thank you so much for all of this info and I find it extremely encouraging and helpful. I was aware of the 4% thing, but was planning to be conservative and base my goal off a 3% withdrawal rate. It also occurred to me that I failed to mention a few key elements of why I would like to purchase the F...

Sorry I forgot to include my expenses. Currently all in at $2750 per month (including mortgage payments plus small additional principle payments every month)

A lot of my net worth is in my house, cars, and a boat (I know - not very ERE of me on the surface, but hear me out). Minus the house, my net worth is probably a bit over 100k. Including the house it's probably about 160k and including the cars and boat probably about 230k (the cars are all holding ...

My thoughts are that you need to slow down and that you really don't know what you want. Certainly don't buy anything in Florida until you go live there. Florida is very large and is like at least five different states if not countries -- and you might not like four or more of them. There is no con...

Hi all, I wrote an introduction in that section, but I will lay out all of my specific plans here. I know I may be going against the grain with not saving 75% of my income, but hear me out and I'd be curious of your thoughts. Here is my plan in a nutshell 1. After my side business is producing 6 yea...

Hi all, I've been lurking for a while on the boards and recently signed up. A little about me.... When I was 17 I started an e-commerce business, didn't have an exit plan besides an IPO (which in hindsight was probably shooting too far for the moon). The business was phenomenal and every year we tri...