Search found 70 matches

by Demosthenes
Sat Jun 02, 2018 2:42 pm
Forum: ERE Journals
Topic: Demosthenes Journal Take 2
Replies: 16
Views: 1411

Re: Demosthenes Journal Take 2

Freedom! My last day was Thursday. The Stockholm syndrome was nearly kicking in. Some of my co-workers didn't agree/understand that I was staying home with the kid. Others were just smiling and nodding. Some part of me during the last week was thinking "wow they are right, what am I giving up here"....
by Demosthenes
Mon May 28, 2018 1:54 pm
Forum: ERE Community
Topic: Montreal Meetup - September 15
Replies: 26
Views: 3281

Re: Montreal Meetup - September 15

@Colibri if you're coming to Ottawa we should do a quick get-together. I live right by the airport. It sounds like you need to waste a bit of time in Ottawa anyway.
by Demosthenes
Fri May 11, 2018 8:01 pm
Forum: Lifestyle Questions
Topic: Incompatibility between drinking and ERE
Replies: 26
Views: 1139

Re: Incompatibility between drinking and ERE

$245 per year, super cheap, definitely ere. I'm sure it's possible to brew in a cheaper manner than my first attempts in 2015. There's definitely a learning curve though and many of my first batches were dumpers. I think the reason I'm getting so much push back here is the same reason why I stuck i...
by Demosthenes
Fri May 11, 2018 1:37 pm
Forum: Lifestyle Questions
Topic: Incompatibility between drinking and ERE
Replies: 26
Views: 1139

Re: Incompatibility between drinking and ERE

@seppia I used to drink about 10 beers a week or 43 beers a month. If you divide it out it's about $2 per beer. That's pretty cheap for micro brew quality beer in canada. @DSKla You certainly can brew some pretty cheap beers if you are cost conscious, but there's a fair amount of opportunity cost in...
by Demosthenes
Fri May 11, 2018 12:53 pm
Forum: Lifestyle Questions
Topic: Incompatibility between drinking and ERE
Replies: 26
Views: 1139

Re: Incompatibility between drinking and ERE

@2birds1stone That's quite impressive! I've been away from the drinking social circles for years now so I suppose I've forgotten how groups like these can fit into your web of goals. I have a hard time justifying any entertainment budget for my own life as I've identified that it gives me very littl...
by Demosthenes
Fri May 11, 2018 10:56 am
Forum: Lifestyle Questions
Topic: Incompatibility between drinking and ERE
Replies: 26
Views: 1139

Re: Incompatibility between drinking and ERE

I suppose I should have stressed that I'm primarily speaking about the Extreme side of ERE. Lots of people on here can retire early and still imbibe on occasion, or even often. It's another beast entirely to ERE within a handful of years while also including drinking as part of your plan. I totally ...
by Demosthenes
Fri May 11, 2018 9:47 am
Forum: Lifestyle Questions
Topic: Incompatibility between drinking and ERE
Replies: 26
Views: 1139

Re: Incompatibility between drinking and ERE

@ffj I used to drink a beer a day and a couple on the weekends, but I quit a couple weeks ago. @theanimal Selling your alcohol is prohibited in many places, so it is difficult to turn the hobby into something that is zero cost/profitable. I considered the possibility of selling wort (unfermented bee...
by Demosthenes
Fri May 11, 2018 9:01 am
Forum: Lifestyle Questions
Topic: Incompatibility between drinking and ERE
Replies: 26
Views: 1139

Re: Incompatibility between drinking and ERE

Consider however the web of goals concept. How would drinking benefit your web of goals? You could argue that drinking increases sociability with your friends. It's difficult to place this "get drunk with your friends" on your web of goals though.
by Demosthenes
Fri May 11, 2018 8:25 am
Forum: Lifestyle Questions
Topic: Incompatibility between drinking and ERE
Replies: 26
Views: 1139

Incompatibility between drinking and ERE

I've been a beer home brewer for 4 years, and on here since 2015. For some reason it never hit me as to how much drinking affects your finances even if you brew your drinks yourself. I'll break down my homebrewing expenses over time: 2015: Equipment: $970 Ingredients: $1199 2016 (January to March): ...
by Demosthenes
Thu May 10, 2018 12:57 pm
Forum: ERE Journals
Topic: Demosthenes Journal Take 2
Replies: 16
Views: 1411

Re: Demosthenes Journal Take 2

T-21 days until my work leave begins! It has been a pretty transformative feeling knowing that my life is going to change drastically soon. It seems crazy to me that having a kid feels like a smaller life change than taking 7 years off of work. Perhaps children change your life more over time, where...
by Demosthenes
Fri Apr 20, 2018 6:17 am
Forum: ERE Book/Blog/Forum
Topic: ERE map
Replies: 37
Views: 10581

Re: ERE map

Added as well. There were some concerns earlier in the thread that your google account would be linked to your pin. I see no evidence of this however.
by Demosthenes
Mon Apr 16, 2018 12:43 pm
Forum: ERE Community
Topic: Montreal Meetup - September 15
Replies: 26
Views: 3281

Re: Montreal Meetup - September 15

Maybe we could combine forces with MMM forumites. There are a fair number of them kicking around according to this map (whether or not they are active is another story)..

http://goo.gl/maps/0FV0K
by Demosthenes
Sat Apr 14, 2018 6:42 pm
Forum: ERE Community
Topic: Montreal Meetup - September 15
Replies: 26
Views: 3281

Re: Montreal Meetup - September 15

This topic is hilarious! Doesn't sound like there's enough of a following to get an event going, but I'm glad there's like minded folks nearby.

I'm in Ottawa and might be able to make it out if we get something together.
by Demosthenes
Tue Apr 10, 2018 8:45 am
Forum: Housing Questions
Topic: What Percentage of Expenses should go to Rent?
Replies: 32
Views: 4676

Re: What Percentage of Expenses should go to Rent?

Nitpicking ... think of being #wealthy guidelines as spending 1/3 of being #consumer guidelines. So 10% instead of 30%. @Jacob Interesting how your ERE performance metrics have changed over time. In 2016 it was 15% and now it's 10%. Why the change? I suppose half of consumer guidelines wasn't extre...
by Demosthenes
Sun Apr 08, 2018 5:52 am
Forum: Money Questions
Topic: Is there some rule of thumb for gauging additional spending in old age
Replies: 19
Views: 949

Re: Is there some rule of thumb for gauging additional spending in old age

Wow thank you for all of your posts. Your stories are very helpful. I will have to ponder how to convert this into quantitative values.
by Demosthenes
Sat Apr 07, 2018 8:45 am
Forum: Money Questions
Topic: Is there some rule of thumb for gauging additional spending in old age
Replies: 19
Views: 949

Re: Is there some rule of thumb for gauging additional spending in old age

> I thought spending went down in old age most of the time except during those caretaker years. This was my assumption as well. The caretaker years in theory shouldn't last long so it's okay to draw down your portfolio (You won't need it when you're dead). I live in Canada too so medical expenses ar...
by Demosthenes
Sat Apr 07, 2018 5:59 am
Forum: Money Questions
Topic: Is there some rule of thumb for gauging additional spending in old age
Replies: 19
Views: 949

Is there some rule of thumb for gauging additional spending in old age

I was speaking to my friend who recently started selling mutual funds about my retirement goals. I told her I was going to retire at 41 and expected my yearly expenses to go up no more than 25% of my current spending. She probably wouldn't have blinked an eye if I were spending >60k a year, but she ...
by Demosthenes
Tue Apr 03, 2018 4:00 pm
Forum: ERE Journals
Topic: Demosthenes Journal Take 2
Replies: 16
Views: 1411

Re: Demosthenes Journal Take 2

So I handed in my two months notice to my supervisor at work. He took it pretty well. I spoke about some of my life values and how working here doesn't really fit most of them. He tried to convince me that my job does "get involved with the community" and "reduce waste". Even if my company was activ...
by Demosthenes
Fri Mar 23, 2018 9:37 am
Forum: Money Questions
Topic: How to retire early in Canada with an RRSP
Replies: 8
Views: 596

Re: How to retire early in Canada with an RRSP

Thanks for the clarification Slsdly. Soon I'm going to get my hands on a bunch of RRSP cash and I'm going to have to decide how to invest it. With the low time horizons of ERE folk, value investing doesn't sit right with me. Going for small cap with good dividends and REITs is more my bag now that I...
by Demosthenes
Thu Mar 22, 2018 8:06 pm
Forum: Money Questions
Topic: How to retire early in Canada with an RRSP
Replies: 8
Views: 596

Re: How to retire early in Canada with an RRSP

Sure but the personal exemption rate from your employment years still applies in retirement right? https://en.wikipedia.org/wiki/Income_taxes_in_Canada#Personal_federal_marginal_tax_rates In 2017 your first $11,600 is income tax free. If DW and I withdraw $11,600 from two RIFs we get the first 23,20...