Lemur Journal!

Where are you and where are you going?
Augustus
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Re: Lemur Journal!

Post by Augustus » Sat Jan 12, 2019 1:43 pm

Lemur wrote:
Sat Jan 12, 2019 1:20 pm
Also reading (well listening to an audiobook) Walden on my commute back and forth to work. Very thought-provoking book. Feels extremely relevant to the theme of this forum.
I actually found Walden before anything related to early retirement on the internet, totally changed my life. I decided then and there to figure out how to find passive income and retire. I'd recommend reading the book too, rather than just listening, I need to read slow to really think deeply about it. So many good thoughts in that book, from the farmers who get owned by their farms, to the comparison of how long it took natives to build their homes, to that lamp post bit near the end.

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Lemur
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Re: Lemur Journal!

Post by Lemur » Wed Jan 23, 2019 9:44 pm

Took me a ridiculous amount of time to figure out how to do one accounting entry in Quickbooks Pro. I'm trying to get my spouse's business on track for 2019 and move away from my Excel Workbook creation from last year.

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Lemur
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Re: Lemur Journal!

Post by Lemur » Tue Jan 29, 2019 6:24 pm

Signed a new job offer. My salary will increase from $65k to $90k. Great day today! Looks like that degree paid off (which I paid $0 for due to military benefits).

Now the true test...keeping spending the same, avoid the lifestyle inflation, though moving closer to my job looks a bit more "affordable now".... Though not exactly the same. I think I'm gonna build a small vacation fund for the spouse and I. She has wanted to travel for a while now.

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prognastat
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Re: Lemur Journal!

Post by prognastat » Tue Jan 29, 2019 6:33 pm

Congrats, you must be very excited. Definitely avoid that lifestyle inflation though, but since you're here you should be pretty good at that already.

2Birds1Stone
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Re: Lemur Journal!

Post by 2Birds1Stone » Tue Jan 29, 2019 8:50 pm

Congrats, that's a big bump!

Scott 2
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Re: Lemur Journal!

Post by Scott 2 » Tue Jan 29, 2019 9:27 pm

That is a life changing bump. Congrats. You're definitely in the range now where it's easier to earn more than save more. Spending to gain extra time for leveling your skill set or performance can have big returns.

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Lemur
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Re: Lemur Journal!

Post by Lemur » Sat Feb 02, 2019 4:28 pm

prognastat wrote:
Tue Jan 29, 2019 6:33 pm
Congrats, you must be very excited. Definitely avoid that lifestyle inflation though, but since you're here you should be pretty good at that already.
2Birds1Stone wrote:
Tue Jan 29, 2019 8:50 pm
Congrats, that's a big bump!
Scott 2 wrote:
Tue Jan 29, 2019 9:27 pm
That is a life changing bump. Congrats. You're definitely in the range now where it's easier to earn more than save more. Spending to gain extra time for leveling your skill set or performance can have big returns.
Thanks all. I'm certainly excited and will now have the ability to save a lot more. I still could not afford to move closer to work (well technically I could but I wouldn't be saving much money at all...). Working in Washington D.C. is a bit disheartening but the absolute dollar savings I will have is going to pay off one day.

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Lemur
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Re: Lemur Journal!

Post by Lemur » Thu Feb 07, 2019 7:11 pm

I took the week off and I have probably logged in over 10 hours on this very addictive capitalism / business simulator:

https://www.capitalismlab.com/

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Lemur
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Re: Lemur Journal!

Post by Lemur » Sat Feb 09, 2019 9:15 pm

Did some Python exercises. Tonight is my last night of sleeping in and waking up when I'm ready. Back to work Monday. Also announcing my 2 week departure Monday for my new job in 2 weeks. Took my son to see the Smithsonian museums in Washington DC. That was fun and free for the most part - minus the transportation via metro.

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Lemur
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Re: Lemur Journal!

Post by Lemur » Thu Feb 28, 2019 3:44 pm

Loving my new job but actually haven't started yet...can't complain being paid to just do simple online training and basic administrative work. Looking forward to getting back into data analytics.

The commute to work sucks unfortunately. 90 minutes one way with 60 minutes allocated by car and 30 minutes by metro. Sometimes this can take 105 minutes depending on traffic. Debated moving closer to work but the metropolitan area is very expensive (DC/Northern VA). With a small family, I can't take the risk of living in risky places either...nor would I want to if I was single anyhow.

I could make a home purchase justification if I use the MMM commuting math...but I never trusted the idea of applying dollars to hours commuting. For example, I get the $0.34 cents a mile with a car, but if I were to add $25 an hour for my commuting time it would make purchasing a $400,000 home a no brainer; I would break-even from my current situation. Doesn't make any sense to me.

On another side note...at least I try to make these commutes useful by listening to pod casts and other learning materials...I'm liking the Marcus Aurelius fella.

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Lemur
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Re: Lemur Journal!

Post by Lemur » Fri Mar 08, 2019 8:16 pm

Today I learned that In R, the sd() function (known as standard deviation) is actually the sample standard deviation (N-1 is used as the denominator).

If you work out this dataset by hand:

data <- c(9, 2, 5, 4, 12, 7, 8, 11, 9, 3, 7, 4, 12, 5, 4, 10, 9, 6, 9, 4) you get ~2.983 (2.983287 to be exact)
Source: https://www.mathsisfun.com/data/standar ... mulas.html

If you work out this same dataset in R Studio using the SD function:
sd(data)

You get .... 3.060788.

I was stomped here for a while until I started playing around with length(data) knowing that we've 20 data points. We can confirm that N-1 is the denominator used in the calculation because (length) data is 20; in R the length would be length(data) minus 1; therefore, I know its N-1 because you could take 2.983287 and divide it by the sqrt of 19/20 to get 3.060788.

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Lemur
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Re: Lemur Journal!

Post by Lemur » Wed Mar 13, 2019 10:24 am

Built a amortization schedule in Python that spits out a CSV file. Now I need to learn how to make the user inputs look fancy ...like a dialog box with some good font and all that Jazz. User input from the windows terminal looks like 1996.

Maxed the tIRA with my company sign-on bonus and a little bit more. Technically the sign-on bonus is a bit of a handcuff because, should I leave within a year, I have to pay it back in full and if I leave within 2 years, I have to pay 50% of it back. Regardless, I'm still going to be in the accumulation phase so this really shouldn't matter.

A quick back of the hand math and I'm up to $110,000 in savings. That is $4,400 a year at 4% and $3,850 a year at 3.5%. This is not counting the large pile of cash my spouse is sitting on (something like $40k or so?).

If I max out the 401(k) this year (pretty much guaranteed assuming no catastrophic health expense?) and contribute a bit more I should be able to reach $150,000. Should I convince my spouse to invest and with a little bit of luck it is possible, combined, we could be up to $200,000 by end of year. It is a lofty goal to shoot for.

I plan on my expenses being lower in early retirement...this is why I use absolute dollar amounts for now.

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