Early Retirement Extreme Forums

Hi Forskaren, I think you have a solid plan and I think the rationale for dialing down risk is sound. Why keep playing the game if you have already won? A 60/40 allocation still gives good room for growing your nest egg as long as you continue to work. Can I ask why monthly savings are not simply se...

Hi thedollar, It sounds like you're in a rough spot and I'm sorry about that. I've enjoyed following your journal here and will continue to do so. I will admit that the latest market turmoil has taken me by surprise. Not so much the depth of the drops (we've seen those before in history), but the sp...

Thanks for the update, wizards. Looks like excellent progress!

Even with the increased spending, it looks like you're in excellent shape.

Fixing flats and changing tires is something that I've always done myself. I recently had several flats in a row on the same tube in a matter of weeks (while not having had any in over a year), and so I decided to buy an anti-flat tire. Great work on the savings rate! Are you sure you should be pick...

Thanks! In terms of casinos, milking is probably stretching it. I just take the occasional freespins. There's a few casinos like Betway that only require you to wager 10x though, but I tend to pass up even those offers. High wagering requirements is exactly how I got burned. I made a calculation tha...

October: Earned income 3338 Insurance 30 Total income 3368 Rent 761 Union + unemployment insurance 88 Clothes 122 Groceries 250 Phone 7 Transporation 56 Healthcare 51 Entertainment 12 Software 7 Other 14 Total expenses 1364 Savings 2004 Savings rate 59% Pretty good savings rate for October that I'm ...

Sounds like you are realizing more of the benefits of FI. Not being forced to have a specific job is indeed a nice perk! Sometimes you just have to decide if it's worth the effort to speak up about things that aren't working as they should be. I'm still early in my working life, but I've experienced...

Hi just! It's great to see more danes doing journals on this board. I too have recently begun matched betting, so I would be very interested in hearing about what signup offers you discovered. Do you have perhaps have a decent resource for us danes? I signed up with OddsMonkey, but it's very UK-cent...

September: Earned income 1828 Gift card 45 Entertainment 456 Refunds 64 Total income 2393 Rent 766 Union + unemployment insurance 89 Groceries 230 Utilities 18 Phone 7 Transporation 57 Healthcare 51 Entertainment 19 Banking fees 4 Software 7 Electronics 7 Other 4 Total expenses 1259 Savings 1134 Sav...

Thanks for the detailed update! Looks like you're doing extremely well, if I may say so. FIRE is definitely within your reach.

Just taking the deposits to savings/investments as a fraction of income might not be a bad way to go. Perhaps I'll trim down to doing that starting next year. It obviously won't be fully accurate, but it should provide a reasonable approximation.

August: Earned income 3966 Sale of items 66 Entertainment 11 Total income 4043 Rent 759 Utilities 104 Union + unemployment insurance 88 Groceries 198 Phone 7 Transporation 55 Entertainment 27 Software 7 Misc 18 Furniture 59 Total expenses 1322 Savings 2721 Savings rate 67% Another excellent month wi...

July: Earned income 3910 Sale of items 52 Insurance 93 Entertainment 13 Total income 4068 Rent 762 Union + unemployment insurance 89 Groceries 230 Phone 7 Transporation 56 Healthcare 51 Entertainment 36 Software 7 Total expenses 1238 Savings 2830 Savings rate 69% July was a great month in terms of s...

I agree with wolf. The fact that colleagues are happy to work with you is something that I would consider a big plus. I'd go as far as saying it's one of the best qualities you can have as an employee.

The topic of insurance is an important one. I think most people buy too much insurance and pay dearly for it. But going without insurance can be risky as well if you end up in a catastrophic situation. Optimally, you should only insure against events that would have immense financial consequences. I...

@jacob - A great breakdown of two different types of schedules that I never really thought of. It makes perfect sense as getting interrupted at work is the single biggest source of professional frustration.

June: Earned income 1628 Sale of items 38 Insurance 30 Entertainment 7 Reward 8 Total income 1711 Rent 774 Union + unemployment insurance 90 Groceries 198 Phone 7 Transporation 57 Healthcare 119 Entertainment 20 Banking fees 37 Software 6 Electronics 198 Total expenses 1506 Savings 205 Savings rate ...

Sorry to hear about the missed contract, but it sounds like you did the right thing. No sense in bidding yourself down to bargain basement levels in that case. I hear you about working in a quiet area. One of the main challenges I've had where I currently work is that it's one of those big open offi...

@thedollar: Keep me posted! I went from a BMI of 26.3 to 21.5 about 6-7 years ago, but now I'm back up to 25.4. Ideally I'd like to land right around 23 as I felt most comfortable there. I also had more muscle mass as I was doing some bodyweight exercises, which really showed. It's pretty fascinatin...