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Re: Semi-ERE Year 3 - Wanderlust Prevails

Posted: Tue Mar 30, 2021 9:29 am
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.

Re: Semi-ERE Year 3 - Wanderlust Prevails

Posted: Wed Mar 31, 2021 6:48 pm
by 2Birds1Stone
April 1, 2020
NW = 40.4X TTM Spending
WR = 2.47%
Feb savings rate = 76.1%

Re: Semi-ERE Year 3 - Wanderlust Prevails

Posted: Thu Apr 01, 2021 2:10 pm
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.

Re: Semi-ERE Year 3 - Wanderlust Prevails

Posted: Thu Apr 01, 2021 2:13 pm
by LiberateMind
What a WR :!: :)

Is it for this month or rolling?

Re: Semi-ERE Year 3 - Wanderlust Prevails

Posted: Thu Apr 01, 2021 6:26 pm
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.

Re: Semi-ERE Year 3 - Wanderlust Prevails

Posted: Thu Apr 08, 2021 9:27 am
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.

Re: Semi-ERE Year 3 - Wanderlust Prevails

Posted: Thu Apr 08, 2021 9:40 am
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!

Re: Semi-ERE Year 3 - Wanderlust Prevails

Posted: Thu Apr 08, 2021 9:41 am
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.

Re: Semi-ERE Year 3 - Wanderlust Prevails

Posted: Thu Apr 08, 2021 1:37 pm
by Laura Ingalls
Keep hiking your own hike. Thanks for the update.

Re: Semi-ERE Year 3 - Wanderlust Prevails

Posted: Sat May 01, 2021 2:32 am
by 2Birds1Stone
April 1, 2020
NW = 41.2X TTM Spending
WR = 2.42%
April savings rate = 78.8%

Re: Semi-ERE Year 3 - Wanderlust Prevails

Posted: Wed May 12, 2021 5:59 am
by 2Birds1Stone
Thanks to social capital and FU$, I will be leaving my current gig for a different one in the same industry.

Better conditions, higher income potential, and an environment that should be much more conducive to growth were all reasons for the switch.

It does anchor us to a relatively HCOL area, but one that we would be close to most of our friends/family. The biggest nut to crack right now is finding suitable housing. We need a space that's suitable for two WFH professionals who need to be in meetings simultaneously. The other factors are cost, safety, and proximity to nature/activities we enjoy.

Currently winding things down with the old gig, getting ready to leave the mid-Atlantic, and looking forward to what the future brings.

Re: Semi-ERE Year 3 - Wanderlust Prevails

Posted: Wed May 12, 2021 11:13 am
by mountainFrugal
Congrats on getting out of a PE acquisition company. PE can turn things toxic really fast. Good luck on finding suitable housing. When my partner and I decided to go to a lower cost of living/rural area we were worried about seeing our friends. Surprisingly, we have seen more of our friends (socially distanced of course until recently) since we moved here than we originally thought. If you live next to nature many friends might want to come see you! Win/Win!

Re: Semi-ERE Year 3 - Wanderlust Prevails

Posted: Wed May 12, 2021 12:29 pm
by Western Red Cedar
Nice to hear you are transitioning away from the toxic work environment to something better. Your professional flexibility and resiliency has always impressed me.

Are you still planning on trying to get to Europe or another international destination later this year? Waiting to see how things shake out professionally for you and DW? I'm curious how others are planning international travel in the Covid 19 era.

Re: Semi-ERE Year 3 - Wanderlust Prevails

Posted: Thu May 13, 2021 8:17 am
by 2Birds1Stone
@mountainFrugal, that's pretty awesome how things worked out for you. Once things get back to a more "normal" way of life, the job will entail being on-site with clients in a specific geography. This specific geography is a very large metro area in the Northeast. Our options within 1-2 hours are a bit limited, and quite costly. Moving further away is an option, but then the commute may be too much to handle on a regular basis. Luckily, it will be several months before I have to worry about that. As for the PE thing, ya! Those people just care about profit and see the business they take over as a P/L statement. I feel happy to get out when I did.

@WRC, once you get to a certain FU$ threshold it gets easier to take bigger risks. Over the past 5 years these risks have usually paid off in big ways, namely compensation increases as well as having the wherewithal to walk away when the situation presented itself. I'm not super thrilled committing to another stint of work, but given what's going on in the world, it's not the worst time to do it.

Yes, we would still like to go to Poland for at least a month after my first few weeks in the new gig. I shouldn't have to visit clients for a while, and if I can WFH, then who cares if I'm on another continent. They may care, and I'm debating if it would be better to ask for permission than forgiveness. Leaning toward the latter, but not sure I want to risk it. Right now we realized that staying put in the USA for a while is likely our best bet. When/if things go back to pre-covid from an open borders and mobility standpoint, we would love to go back to vagabonding.

Realistically, my DW would like to put in 2-3 years to see where this career path takes her. For me, I essentially committing to 12-18 months in this position. Depending on how things shake out, we may drop DINK status if she loves her job and it's flexible, because mine won't have much flexibility for long term travel.

Musings

Right now we're stuck in the mid-Atlantic, and with the fuel shortages still impacting things over the next week, having a bit of a stressful time planning how we will make it back up north. My new employer will be sending everything I need to start w-o-r-k the following week up to my parents place, so I need to get up there by next weekend. Keeping fingers crossed that the shortages along the I95 corridor improve enough that we can make it without too much stress.

Once I start work, a lot of pressure will be gone. We will be able to overpay for housing without feeling too terrible about it. We also need to replace this 24 year old car which is on its last breathe. Being mobile and having to move around on a stricter timeframe will require something more reliable. As funny as it would be showing up to clients in a rusted out beater, I don't think it would fly over that well.

The markets are looking frothy and momentum appears to have reversed, or is in the process of reversing. Coupled with insanely high real inflation, it's going to feel much better not drawing from our portfolio at this time. Yesterdays drop in equities basically wiped out an entire year of living expenses 0_o