Search found 26 matches

by Ricky
Sun Sep 25, 2016 9:20 am
Forum: Housing Questions
Topic: What Percentage of Expenses should go to Rent?
Replies: 32
Views: 6524

Re: What Percentage of Expenses should go to Rent?

Could be. But you need to realize that this question is like "how much time should I spend on personal hygiene"? The answer in a vacuum is always "as little as possible". The answer in your real life depends more on what else you are doing, where you need to be, and so on and so forth. I would not ...
by Ricky
Mon May 25, 2015 8:01 am
Forum: ERE Journals
Topic: akratic's ERE journal
Replies: 640
Views: 112190

Re: akratic's ERE journal

I'm struggling to connect with my fellow thru-hikers. I'm surrounded by so many conversations that are of such low quality that it kind of feels like I'm back in high school. I've asked about 20 people to play cards, and only got one enthusiastic yes, which just blows my mind considering the altern...
by Ricky
Thu Apr 10, 2014 10:44 pm
Forum: ERE Journals
Topic: spoonman's Journal
Replies: 678
Views: 166987

Re: spoonman's Journal

$20k combined seems like a nice comfortable number for the two of you. And very doable! I was going to say that $16k sounds a little on the "pushing it" side compared to how you're used to living. Doable, sure, but there would he a lot of sacrifices I feel. I think ~$20k is almost perfect for two pe...
by Ricky
Sat Mar 15, 2014 9:45 pm
Forum: ERE Journals
Topic: Bro Quest
Replies: 11
Views: 2941

Re: Bro Quest

Earning less than 1% on your money is a very risky proposition indeed...
by Ricky
Thu Mar 13, 2014 10:03 am
Forum: Lifestyle Questions
Topic: Squatting in Abandoned Buildings?
Replies: 4
Views: 1616

Re: Squatting in Abandoned Buildings?

I feel as though there is a difference between simple living and "simply" living. If I didn't have to, there's no way I'd risk this.
by Ricky
Tue Mar 11, 2014 8:22 am
Forum: Lifestyle Questions
Topic: On Finishing Things
Replies: 19
Views: 3127

Re: On Finishing Things

This is a relatively simple example. I think it becomes a lot more complex when the thing you are evaluating is a job, whether you should continue college/PHD etc. I like the ideas of considering purpose and length of time you have complained. I would argue those scenarios are even more basic in sc...
by Ricky
Mon Mar 10, 2014 5:41 pm
Forum: Lifestyle Questions
Topic: On Finishing Things
Replies: 19
Views: 3127

Re: On Finishing Things

I think it's pretty simple really... Either a. It becomes unprofitable or unaffordable. b. It becomes dull, boring, unfulfilling. (Assuming you started said activity/project to make money or to do what you love. I think these reasons encompass any project really: ie, why finish a PhD if it's both so...
by Ricky
Sun Mar 09, 2014 9:13 pm
Forum: ERE Journals
Topic: DebtSlaveNoMore's Journal
Replies: 78
Views: 17352

Re: DebtSlaveNoMore's Journal

Man! You really should keep your income a secret from your in-laws - else they will likely always expect help. Doesn't MIL draw SSI? Or FIL for that matter? I'm surprised you retain your motivation given how much of your money goes towards things that don't directly benefit you. That would eat me al...
by Ricky
Sun Mar 09, 2014 8:35 pm
Forum: Lifestyle Questions
Topic: Help! Struggling to cope with quasi early retirement
Replies: 17
Views: 5157

Re: Help! Struggling to cope with quasi early retirement

No one sees the disconnect between $300 USD net worth and 100k income? Am I missing something? Either the business isn't proven or he has blew $99,700 this past year. Assuming that amount isn't his definition of frugality, I'll assume his business is new and may or not generate $100k. The answer for...
by Ricky
Sun Mar 09, 2014 6:15 pm
Forum: ERE Journals
Topic: The Reluctant Journal
Replies: 270
Views: 79521

Re: The Reluctant Journal

I highly recommend you read this: http://www.stevepavlina.com/blog/2006/07/10-reasons-you-should-never-get-a-job/ Particularly, point (5). Of course, take it with a grain of salt, but it does put things in perspective. It really makes you re-think risk and realize that everything in life is risky, t...
by Ricky
Sat Mar 08, 2014 1:10 am
Forum: ERE Journals
Topic: ashe's ERE journal
Replies: 44
Views: 11488

Re: ashe's ERE journal

So... I'm a bit confused on your calculations. You're investment income even at a 2% withdrawal rate would more than cover your yearly expenses. Why is your investment income going up while SWR going down? Do you plan to spend more in retirement? I am confused. Edit - nvm, I realized you had two sep...
by Ricky
Fri Mar 07, 2014 11:15 pm
Forum: ERE Journals
Topic: Rickardo's 10 years to freedom blog
Replies: 51
Views: 14779

Re: Rickardo's 10 years to freedom blog

The point I'm making is, when I have really down days I'm very grateful I've taken the path of investment and early retirement. The day may come where I'm perpetually in a down day spiral, and that's the day i'll be calling it quits and getting out of the rat race. It may come soon, or it may never...
by Ricky
Wed Mar 05, 2014 11:01 pm
Forum: ERE Journals
Topic: spoonman's Journal
Replies: 678
Views: 166987

Re: spoonman's Journal

I've read a bit on the way KMR distributes earnings by shares and KMP pays a traditional dividend, and I understand KMR is much more complicated tax wise, but shouldn't the cost basis be provided and calculated on the tax form from your broker anyway? As for KMP, it shouldn't be any more complicated...
by Ricky
Wed Mar 05, 2014 10:23 am
Forum: Money Questions
Topic: Does the IRA have any place in ERE?
Replies: 19
Views: 4992

Re: Does the IRA have any place in ERE?

Google 72(t) / SEPP So I guess the advantage here is letting your portfolio grow while you're working with tax advantages since you won't need to start living off of the gains until you cut the cord anyway... Makes sense and I didn't know about the SEPP which makes it feasible... So question... In ...
by Ricky
Wed Mar 05, 2014 9:57 am
Forum: ERE Journals
Topic: UrbanHermit's Journal
Replies: 42
Views: 11959

Re: UrbanHermit's Journal

If you can continue to save at least $3,000 a month I've calculated you can retire in roughly 3.5 years to support your post work level and have a little cushion. Saving more would obviously reduce the time it would take. This assumes cutting rent by $500, transportation by $50, and food by $200. Of...
by Ricky
Wed Mar 05, 2014 12:24 am
Forum: Money Questions
Topic: Does the IRA have any place in ERE?
Replies: 19
Views: 4992

Does the IRA have any place in ERE?

I'm sure this has been discussed before but I haven't seen it directly answered through my own searches. So in short...for the guy/gal in their 20's to 30's interested in ERE, I would assume IRAs don't make much sense...? Why would you open one of these accounts if you actually planned on living off...
by Ricky
Tue Mar 04, 2014 4:50 pm
Forum: Transportation Questions
Topic: Electric bikes
Replies: 25
Views: 7639

Re: Electric bikes

Yes, they are more expensive compared to a regular bike, but prices are going down quite fast. The website I linked to seems quite expensive. For the one on the picture above, you could probably get a 7 gear version for 1300. Last year about 5% of the population of The Netherlands had already an e-...
by Ricky
Tue Mar 04, 2014 4:41 pm
Forum: Transportation Questions
Topic: Transportation not requiring insurance
Replies: 14
Views: 4164

Re: Transportation not requiring insurance

I'd pay the $100/yr to get one that would do at least 55 to avoid manic car passing idiots. Guess it all depends on your route though.
by Ricky
Tue Mar 04, 2014 4:36 pm
Forum: Transportation Questions
Topic: Tesla Cars
Replies: 77
Views: 18511

Re: Tesla Cars

Musk is an unsung hero. Nearly no one I talk to knows who he is - its flooring. He has had an entrepreneurial spirit his entire life and will likely die days after he starts his last company. Fascinating dude and I would buy a Tesla in a heartbeat if I didn't think owning a car over >$25,000 was abs...
by Ricky
Tue Mar 04, 2014 4:34 pm
Forum: Transportation Questions
Topic: Golf Carts
Replies: 1
Views: 851

Re: Golf Carts

Good advice and seems a lot safer than a bike since it is wider and there is more to catch your attention. I don't think I'd be taking it on any super busy/fast highways but for commuting to the grocery store or even work - that sounds awesome. I know they are legal most places in South Carolina. I ...