Early Retirement Extreme Forums

Hello all.

I have been lurking this forum for three years and have been amazed by the many insightful discussions and personal stories. Thank you all for providing a refreshing and stimulating environment for people seeking independence in the broadest sense of the word.

I am a 43M living in the Netherlands. I live together with two lovely ladies: one human, one feline. Life is good.

When I became aware of ERE my initial calculations put FI at 5 years out. I have since cut expenses by 20% per year and increased income by working more. In January I have declared myself financially independent.

This year will be about adjusting to this new reality. It marks an exciting new phase in my life.

I have not yet worked out how much I am willing to share on a public forum. I do look forward to meeting any one of you in person at a future meetup.

F.

Congratulations on your FI!

Sounds really good. I am looking forward to hear from you how everything work out. Congratulations. With what a Withdrawal Rate have you planned?

Congratulations on reaching your goal! Must feel really great

Congrats and welcome!

Thank you all for the warm welcome!

MDFIRE2024 wrote:With what a Withdrawal Rate have you planned?

I count mostly in years of financial buffer saved. I plot the ratio of my assets to my expenses on a month by month basis augmented with a forecast approximately 1.5 year into the future. Based on this graph I find, since June of last year, my assets to expenses ratio was never below 25 years (4% SWR) and have oscillated around 33 years (3% SWR) since December of last year.

I have to note that I will continue to make money to cover my ongoing expenses. My goal for the coming years is to diversify my income streams for additional resilience. I will also be keeping an eye on expenses to reduce them further. In the end having a regular cashflow to cover expenses is the name of the (FI) game.

So you are going to continue working? FI but not RE? That is also very great. This is also my goal.
Does your passive income cover your regular expenses then?