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|Subject: Re: Lost Decade Recap||Date: 6/1/2011 1:04 PM|
|Author: hachmujt||Number: 4947 of 5138|
I am a little late to the request but I will join in.
My lost decade recap:
In 2000 I quit my Job on an ambulance. Put everything in storage and set up jobs crewing on sail boats. I sailed from Oregon to Alaska and was getting ready for my next job when 911 happened. I did not think it would be a great idea to be sailing in international waters from Thailand to Italy. I was single, in my late 20's, no debt and had $15k of net-worth in a 401k.
Today I am in my late 30's. I have a career, a wife, a home and an investment property. Our net-worth is over $550k and growing. This is a conservative number because we do not put a dollar value on pensions for this exercise. We save 37% of our income.
I conservatively estimate a 4% growth rate for investments and a 3% rate of inflation. With such a short amount of time anything could happen with returns. Based on how much we live on we are projected to FIRE at the end of 2019. Part of our time will likely be spent on a sail boat!
Summary: There was no lost decade for me and my wife. It seems like it was a great time to build a FIRE.
Thanks for the thread,
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