Early Retirement Extreme Forums

In Poland women retirement age is 5 years less than for males. She is also in a corporate world of constantly growing demands. She did a great switch entering the world of IT at the age of 40. Its not easy to competite with younger fellow but she is very smart and very accurate. We are not only a co...

All problems started last year with a manager change. So it is true saying that 'you come to a company but you leave from manager'. My manager is a kind of workaholic. She works 12-14 h a day, also in weekends. Gradually she started demanding it from us too. Moreover, everyone in the team should shi...

Being cynical is nothing surprising when you work 15+ years in 'corporate world'. I'm not going to quit. I'm going to be fired. In Poland it gives me 3 additional severance pay from work. Also my contact include 3 months' notice from work. So, at least 6 paycheck in this contract. But now, I still w...

When you get older, you lose desire for a bull shit you see at work. The same for me. Being financially independent has caused me to lose interest in work. I don't want to prove anything all the time. What I want is pure peace. I don't want to make any sudden movements. Getting fired from your job i...

March surprised me with excellent stock results. I was also paid an annual bonus. It was quite high. I decided to spend all my bonus on mortgage over pay. So, my mortgage melt down like a snow in the winter time. I had also a perfect month in a job. My project, I have been working on for 8 months is...

That was a month with severe stocks increases. Good for me, but now, I have a new target. Reduce my mortgage, so, no more investments, just pure loan overpayment. My savings are high enough for 175 months, while I'm 167 months prior my retirement, but, silly me, 80% of my savings are on tax - free p...

Well, I've achieved another stage. For a male of my birth year, retirement age is 65. And I'm, 51 y.o., 14 years before retirement age or 168 months. At the same time, my savings allow me to live 172 months out of it. Great for me!!! But can I trust state pension insurance. Will they exist in 2038 y...

Although early retirement is not for me (i'm 50 y.o.) there is hidden benefit of 'near to early retirement'. Anty-ageism prevention!!! Independently if it is Poland, western europe or USA, phenomenon of ageism is present. 10-15 years before statutory retirement age is often the worst time in ones ca...

Well, it is almost an anniversary for me on this forum. 7 years!! Time for a summary. How does it started? It was Mr Money Mustache blog I came across over 7 years ago. I stared to read the blog, read all the posts, for a long hours a day. It was for ma a 'brain changer'. I could not to think about ...

@delay, yes, all my nimbers are in local (PLN) currency. Yes, my way toward FI is based on savings + frugal life, soe 885 USD is enought for me.

The situation at work became normal, but some factors are unfavorable for me. I started to observe generational gaps. I work with young people. I work with only young people. There is only 1 person in my team (30 people) that is less than 10 years younger. Its a new challenge for me. Work, communica...

4% rule is a books-based treshold, when you savings are high enought to retire early. For me it is a point in time (or it can be my target). Times are interesting, and many things can happen after parliament elections. I try to get ready for each election result and portfolio diversification is my b...

A few sentences about my saving ratio/budgeting. My salary is about 12,100 and my wife salary is about 8,800, so we have 20,900 combined/month. This is pretty high for Poland, it is about 2 x average family income. We both have PPE (private company pension scheme) with our contribution 2,600 both of...

I went on a holidays, but taking into account price increases, this time it was a out of the beaten track holidays. I went to Czech Republic. This country is close to Poland, so costs of transportations were low. Accommodation prices prices are low also. There is a lot to do if you prefer active hol...

Situation in work became to be harder and harder. New manager introduces new way of team management. Management by shifting responsibilities to others and avoiding replying to emails. I don't predict it will last a years when something bad happen. 6 months ago I wouldn't even think about job change....

This offer is great for buyers, I wish it wasnot introduced 20 years ago, I would go. Now, its not for me, but it could be for my kids.

I needed to adjust my monthly cost of living. It grows faster than I expected, but summer is already here in Poland. Summer is good, summer is cheap. Ones can buy more vegetables and prepare cheaper food. Situation in work starts to be worse. There is a tension 'in the air'. Some managers bahave str...

I see a new and powerful enemy - inflation. What does the profitability of my investments matter if inflation is higher. There ia another one enemy. The government. They introduce laws significantly increasing minimum wages and that causes to inflation go high and high and high. But my investemnts (...

@guitarplayer, I do know eurovelo site and some eurovelo trails. I have traversed EV 11 and EV 13 in Hungary before covid-19. Now I look for more. My spendings are bizzare. I save every single PLN on needless spending and reward myself with one single big sensible spending. I dress almost like a poo...

Last month was a time of both personal and work stabilization. Nothing really relevant happened. Slowly baby steps towards FI. I'm safisfied with my assets outcome. Yes, there are profitable. No, inflation cannot be overcome. I started to think about this year holidays. I have some dreams about it, ...