the dude's diary

Where are you and where are you going?
2Birds1Stone
Posts: 715
Joined: Thu Nov 19, 2015 11:20 am

Re: Feb '17 Update

Post by 2Birds1Stone » Thu Aug 22, 2019 1:01 pm

El Duderino wrote:
Wed Feb 15, 2017 5:18 pm
My hard stop is that I will not be 40 and still working so that gives me 2.5 years more of asset accumulation. By that point I hope to have a moving average SWR of <3% with a mountain of dry powder on reserve.
Just sayin', dude!

Smashter
Posts: 303
Joined: Sat Nov 12, 2016 8:05 am

Re: the dude's diary

Post by Smashter » Thu Aug 22, 2019 3:02 pm

@2birds but people can change their mind! Despite the slightly tongue in cheek comment about never having enough money, this does not look like a case of one more year syndrome. His work situation seems to be genuinely bringing him a lot of joy. It sounds pretty great from where I'm sitting.

El Duderino
Posts: 169
Joined: Mon Oct 27, 2014 12:24 pm

Re: Feb '17 Update

Post by El Duderino » Thu Aug 22, 2019 4:45 pm

2Birds1Stone wrote: Just sayin', dude!
Why you gotta be bringing up old stuff, 2birds? :oops:

I think there's two things I'm going to use as excuses and Smashter is right about the first one, because when I said that, I wasn't having so much fun at work like I am now. Also, I felt like 40 was super-old and way far off and I'm coming to grips with the fact that it's happening so fast.

When I started on my FI journey at the tender age of 27, I estimated that it would take me until the age of 45 to save what I thought I needed at that time to get by. This was 2006 and I didn't know much so I was using a 4% rule and didn't take into account increases in earnings or savings over that time period because I did want it to be a conservative estimate. To think that I'm already there, right now and with a ~3% SWR, is really astounding and I hope it's encouraging to others to see how effective cumulative gains are, especially combined with the kind of mindset that so many people have on here of seeking to improve themselves and better their situation though hard work. You don't have to be perfect in how you apply the concepts or have impeccable market timing -- you just need to do it.

steveo73
Posts: 1153
Joined: Sat Jul 06, 2013 6:52 pm

Re: the dude's diary

Post by steveo73 » Sun Aug 25, 2019 7:56 pm

Dude - there is some good news in your update. I like that you are living large - a Tesla for instance as well as work being less of a drag.

Good to hear.

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