Need Help FI by FEB 2012

Where are you and where are you going?
Andre
Posts: 5
Joined: Fri Dec 17, 2010 6:42 pm

Post by Andre »

@ George - If I sold my house and bought 2 small ones I could reduce the required $1700 even further. Rent would be an income and my living expenses would be reduced by having a smaller area to heat/cool etc. I think every $100 I can reduce my cost by equates to about $30,000 saved.
@Mo - I am not borrowing any money, I have no debt and unemployment will cover my living expenses for a year. So my choices as I see them are:

1. I can take the year off and I will be just as rich/poor as I am today.

2. Get a job and try to save a few thousand dollars

3. Build some kind of business that covers my expenses.(1700)
There is the element of lost opportunity cost but the risk is 0.

The way I see it I cannot loose.


Mo
Posts: 443
Joined: Wed Jul 28, 2010 1:35 pm

Post by Mo »

Is it fair to summarize choice 2 as: "Find work and be wealthier at the end of the year."?
How do you accomplish choice 3 without significant risk of becoming poorer?


Post Reply