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Retirement Discussions / Retire Early CampFIRE
|Subject: Re: Your Money or Your Life||Date: 8/28/2000 10:15 PM|
|Author: zebug||Number: 16482 of 770882|
Still tracking. Just ignore the part where they say to invest in bonds/treasuries only.
The time sink is not as great as you would think. Much less time as you make it a habit.
The first step was easy, fun, and very revealing. I feel much better now :). That's where you calculate your lifetime income and net worth. Umm, mostly to the penny except I didnt' go round up all my spare change and count it.
Timewise? Maybe took me about a couple of months since I keep all papers but got out of the habit of filing everthing back in 1996. I had a lot of catch up filing to gather what I needed to do part one. I've still got tons of filing to do to even get to the organized state I was in before 1996.
This disorganized state has turned me into a buy and hold investor because in order to sell, I need to gather information on my costs ...
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