Semi-ERE Year 3 - Wanderlust Prevails

Where are you and where are you going?
Western Red Cedar
Posts: 303
Joined: Tue Sep 01, 2020 2:15 pm

Re: Semi-ERE Year 3 - Wanderlust Prevails

Post by Western Red Cedar »

2Birds1Stone wrote:
Tue Mar 30, 2021 5:24 am
Bringing costs down creatively by leveraging community and mutually beneficial arrangements like house/pet sitting, work for stay, etc all become much more feasible when you don't have a schedule to follow and can stay in one area longer, or at least build up that capital first, then return to an area where such arrangements are possible. I guess what I'm getting at is that we know that if work didn't require a certain style of travel/accommodation/connectivity then our costs instantly drop by an order of magnitude. Ditto for being able to leave the country.
I definitely agree with this sentiment. I think if I got any more "creative" with my current lifestyle it would negatively impact my quality of life or relationship. Much of this is a result of needing to work a regular job that is cognitively demanding and time-intensive. Cutting that cord should not only allow us to design a more interesting, cost-effective lifestyle, but should also free up some mental bandwidth to address "problems" without throwing money at them.

2Birds1Stone
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Re: Semi-ERE Year 3 - Wanderlust Prevails

Post by 2Birds1Stone »

April 1, 2020
NW = 40.4X TTM Spending
WR = 2.47%
Feb savings rate = 76.1%

2Birds1Stone
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Location: Earth

Re: Semi-ERE Year 3 - Wanderlust Prevails

Post by 2Birds1Stone »

March was an active month, with 8 weightlifting sessions, 201 miles walked, and 140 miles biked.

Work was manageable, but far from enjoyable. I am planning how to best exit.

Spending was high, but 50% was accommodation related.

Life was interesting and had a lot of variety sprinkled in. Much discussion with DW regarding future plans and goals.

LiberateMind
Posts: 168
Joined: Fri Oct 26, 2012 8:18 pm

Re: Semi-ERE Year 3 - Wanderlust Prevails

Post by LiberateMind »

What a WR :!: :)

Is it for this month or rolling?

2Birds1Stone
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Location: Earth

Re: Semi-ERE Year 3 - Wanderlust Prevails

Post by 2Birds1Stone »

That's rolling, and it's going to go up significantly in the next 9 months as our spending stabilizes......predict somewhere around 4.5%

2020 was an extremely unusual spending year (unsustainably low) for our household.

My individual TTM WR = 1.54%, but that's also going to stabilize around 3.5% by end of year.

2Birds1Stone
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Location: Earth

Re: Semi-ERE Year 3 - Wanderlust Prevails

Post by 2Birds1Stone »

Musings

Work
My employer is small (<100 employees), and recently acquired by private equity. The new business model is completely fucked. My job is to essentially squeeze every last drop of revenue possible from our existing customer base, with no concern for the long term relationship with our customers. The PE firm wants to increase revenue at any cost, followed by selling the company off in another 18-24 months. On top of that, we are acquiring more small companies and expanding on the model of jacking up prices with no real value in return. It's chaotic, and there is very little upside from a compensation standpoint. Next week, I'll begin training my replacement. They don't know it's going to be my replacement, but there is no way I can stay in this environment long term.

Money
Starting in June, I can start taking my foot completely off the gas at work. Ideally they shitcan me and I get some of that sweet expanded unemployment benefit while DW determines what she's going to do with her career. Starting in June, I'll finally be eligible for the 401k plan. If I don't get shitcanned, the goal is to contribute 85% of my paycheck making earnings essentially tax free. At that rate, I'll have my 401k for 2021 maxed out by end of September. I don't need the cashflow from a paycheck, but it sure is nice.

Spent some time yesterday updating my ERN sheet using most up to date asset allocation, projected SS values, etc. At current CAPE10, our failsafe WR = 3.25% over 60 year horizon with a target end value of 25% original portfolio amount. This means we could cut the work chord and move somewhere LCOL and be fine never working again. It is not however enough to maintain this lifestyle of short term rentals and health insurance in the USA. All good!

Link to worksheet -https://earlyretirementnow.com/2018/08/ ... s-part-28/

Travel
Last week here in beautiful FL. It's been amazing, and the best choice we could have made in January to come down. International travel still remains a big question mark, but we have our next spot lined up, and really looking forward to exploring a new area. I hear the SC coast is beautiful in April/May, should be a good month there. By early May, hopefully we can determine if we'll be flying over to the EU in late June......if not really need to figure out some LCOL area with hiking and MTBing in the NE USA that won't completely break the bank.

Relationships
Relationship with DW is stronger than ever. We've gone through a lot the past two years, and those shared struggles and victories have done amazing things for us. We continue maintaining contact with close friends despite the distances, and seeing others more due to our ability to spend time in other areas of the country. Family relationships are a bit of a different story. DW has tensions with family that doesn't understand her desire to leave our hometown and travel/live in different places. Overall the family situation on both sides is shaky. In the family TARP thread, I can see that many others have dealt with similar issues. Our families are very manipulative with their resources, and it's important to not lose sight of autonomy and independence. My own parents started hinting that if we can't get a traditional mortgage to purchase a residence in the EU, they would help (they gave my brother a huge loan last summer to purchase a home), and while it would be the easy way out, I don't want that impacting the relationship in any way....so we will turn it down.

Health & Activity
April is off to a good start! The weather has been conducive to being outside and active. We continue biking around the area, taking walks, weightlifting, and eating home cooking most of the time. My weight is about 7-8 lbs above my "ideal weight" which I would like to get to by end of May.
Last edited by 2Birds1Stone on Fri Apr 09, 2021 3:51 am, edited 2 times in total.

fingeek
Posts: 159
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Location: Wales

Re: Semi-ERE Year 3 - Wanderlust Prevails

Post by fingeek »

Looks like you have a nice engineered path out of that crappy work situation, engineered/triggered kindly by the new PE company. Hopefully you will be able to get a golden handshake of some sort!

Stasher
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Location: Vancouver Island BC
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Re: Semi-ERE Year 3 - Wanderlust Prevails

Post by Stasher »

Stay safe and enjoy the journey, it appears a lot of reflection has occurred over the last few years from the few paragraphs. The travel and work on and off as well as meeting varied people along the way I would think has added a great deal of insight to build your plan that many of us don't get.

That squeezing every dime is what makes me most sad for the state of capitalism, that indeed is the ugly side.

Laura Ingalls
Posts: 455
Joined: Mon Jun 25, 2012 3:13 am

Re: Semi-ERE Year 3 - Wanderlust Prevails

Post by Laura Ingalls »

Keep hiking your own hike. Thanks for the update.

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