classical_Liberal's Semi-ERE

Where are you and where are you going?
classical_Liberal
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Re: classical_Liberal's Semi-ERE

Post by classical_Liberal »

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classical_Liberal
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Re: classical_Liberal's Semi-ERE

Post by classical_Liberal »

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JustAGuyReally
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Re: classical_Liberal's Semi-ERE

Post by JustAGuyReally »

C_L,

Are you moving to Madison? Crime's steadily rising (car thefts, retail theft, shootings [lots of Chi-Town gang stuff has migrated north]), and rent has outpaced wage growth, IMO. Lots of white collar workers coming in and driving the rent up, which is squeezing us humble blue collar folks.

Anyway, congrats on moving forward with things! I look forward to reading your travel dispatches and seeing how things progress during your next phase.

classical_Liberal
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Re: classical_Liberal's Semi-ERE

Post by classical_Liberal »

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Jin+Guice
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Re: classical_Liberal's Semi-ERE

Post by Jin+Guice »

Glad to here you are progressing towards Semi-ERE! Get out before you burn out. Nursing is pretty much the most valuable skills you can have at pretty much any level of shit hitting the fan, it'd be a shame to want to quit forever.

Congratulations on picking a place to live. A mid-sized town in Minnesota isn't really my bag but it sounds like you really dig it. I do find the accent weirdly sexy.

classical_Liberal
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Re: classical_Liberal's Semi-ERE

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JustAGuyReally
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Re: classical_Liberal's Semi-ERE

Post by JustAGuyReally »

I already found tiny studios for $295
Man, this is amazing. I think the best you'll find in my city is $475 (with a shared bathroom). You might get $295/month for a single room in a house! You're looking at $700/month for a 'luxury' studio in a more central part of town.

classical_Liberal
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Re: classical_Liberal's Semi-ERE

Post by classical_Liberal »

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suomalainen
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Re: classical_Liberal's Semi-ERE

Post by suomalainen »

I look forward to hearing more of your thoughts on the home-base plan. I have mentioned to my wife wanting to slow travel after retirement (spend 3-6 months in a place, like @spoonman was doing) and while my wife is ok with that, she wants a home-base to return to so that someplace still feels like "home". But, you know, 8.5 years until the youngest graduates high school, so I've got plenty of time to mull over the specifics.

2Birds1Stone
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Re: classical_Liberal's Semi-ERE

Post by 2Birds1Stone »

I'm always in for financial porn =)

Really looking forward to seeing how 2019 pans out for you. If you haven't read it recently, I highly recommend livingafi.com's blog from the very beginning. I started re-reading it a few days ago and I'm here https://livingafi.com/2014/05/09/drawdo ... he-basics/ What a timely article with recent market events.

classical_Liberal
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Re: classical_Liberal's Semi-ERE

Post by classical_Liberal »

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Jin+Guice
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Re: classical_Liberal's Semi-ERE

Post by Jin+Guice »

classical_Liberal wrote:
Sat Dec 29, 2018 4:12 am
I finished a reread of the ERE book.
Somehow the book is better every time. I'm considering a once a year rereading.
classical_Liberal wrote:
Sat Dec 29, 2018 4:12 am
I came to the realization that I’ve been operating under a flawed assumption. The assumption was that all spending is wasteful and any additional income is good (to offset waste/save and invest for future waste). I no longer think this is true. Spending is only wasteful insofar as A) I didn’t enjoy or otherwise gain (fulfill some other want/need) the process of earning it. or B) There was a better option available than earning/spending money to reach the desired outcome. Under this definition virtually all of my current spending is wasteful, but this doesn’t have to be the case.
Very important insight. I know you understand this, but I can't help but say you need to temper this with some comment about wants being infinite/ insatiable and a "better option" including some measure of ultra-frugality DIY skills.
classical_Liberal wrote:
Sat Dec 29, 2018 4:12 am
Considering I plan on spending a large percentage of my time traveling and living in a vehicle, it seems very wasteful to also have a home-base living arrangement. The problem boils down to the larger system in which I chose to live.
I think you are overestimating this problem. I used to just have a P.O. box when I was "homeless." No one seemed to care. Then again I didn't have health insurance or a professional license. If the P.O. box won't work, could you use your parents or a friends house? The bigger question is do you need a home-base to feel grounded?

Also, when are you coming to New Orleans?

I like that you include the SS benefit in your calculation. I'm in agreement with you that SS will probably still be around or we're in the kind of trouble that having quarter to half a mil won't get you out of.
classical_Liberal wrote:
Sat Dec 29, 2018 4:12 am
I had prepared a huge list of how to categorize and track spending, but I changed my mind. I feel that a monthly budget/spend list is actually counterproductive.
Budgets are for noobs. You don't really need them, unless you do.
classical_Liberal wrote:
Sat Dec 29, 2018 4:12 am
New metric. It’s an attempt to use some strategic psychology in reporting my FI numbers. The general idea of using a psychological motivator like this was stolen from @wolf. Reporting net worth tends to infer I need more to be FI, whereas If I report where my spending needs to be at current net-worth, the weird c_L mind will focus on what really matters. This number will be based on the same 50% SS benefit at age 67 and will show Cfiresims point of 100% historical success rate with spending as the variable. IOW If I spend $X annually I would be FI 100% of the time by a historical analysis. Without further ado… today that number is $9,790
This is dope, I want to steal this. I'm a bit confused though. You're counting 50% SS benefit in this number? This is the current SS benefit you'd receive? Also, the 100% success rate Cfiresim is the same as a simple SWR of somewhere between 3 and 4% correct? Or is it more complicated?
classical_Liberal wrote:
Sat Dec 29, 2018 4:12 am
Goal annual spend. Is 15K

Yaaaas, queen. Welcome to freedom town (if you hit it).
classical_Liberal wrote:
Sat Dec 29, 2018 4:12 am
History. When I started this journal I promised a history piece each update. I have utterly failed as the task seemed too daunting. Intermittently my history comes up as it pertains to current events. So each month I will provide a short history of c_L for your reading pleasure. Some may be short, but each entry will have at least a little. I think I’ll go relatively chronologically, unless the stories get away from me.
Seriously? How did I miss this. We demand personal history!

classical_Liberal
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Re: classical_Liberal's Semi-ERE

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classical_Liberal
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Re: classical_Liberal's Semi-ERE

Post by classical_Liberal »

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2Birds1Stone
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Re: classical_Liberal's Semi-ERE

Post by 2Birds1Stone »

Your last post inspired me to revisit cFIREsim. I've always used FIREcalc due to being confused by all of the extra data in the prior, and it intimidated me back when I discovered both calcs (2015).

How are you calculating SS? Based on the SS website, if I plug in my earnings to date + estimated 2019 earnings, I get $735/month at age 67. The NPV of 50% that value, is not all that much ~$110k, but it definitely does help the numbers a bit. I think I have to wait to hit 40 credits before I could get an accurate estimated benefit from them directly?

classical_Liberal
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Re: classical_Liberal's Semi-ERE

Post by classical_Liberal »

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classical_Liberal
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Re: classical_Liberal's Semi-ERE

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Seppia
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Re: classical_Liberal's Semi-ERE

Post by Seppia »

Holy shit I didn’t see it coming at all!
Now you got me SUPER hooked to your journal, can’t wait for the “other” story :lol:

7Wannabe5
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Re: classical_Liberal's Semi-ERE

Post by 7Wannabe5 »

I was wondering when or how you were going to reveal your true ENTJ colors :lol:

In my experience, ENTJ s have much "nicer" writing voices than presences. So, that's one of the ways they trick me into dating them.

suomalainen
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Re: classical_Liberal's Semi-ERE

Post by suomalainen »

I love stories. I was hoping a romance would blossom with the pissed off neighbor. That's the conclusion I chose to draw, so don't burst my bubble.

This period must include some stories:
Interspersed in the remaining 10 years of my adult life have been a couple years of zero income (a couple of f-you moment, poorly planned sabbaticals) and many years of “lifestyle gigs” in the others. The other gigs generally coincided with years I was in college or experimenting with entry level positions in other potential career-type jobs. In any event, during those times work was never a primary focus.
Edit: also, I think @7w5 just hit on you

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