Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (39) | Ignore Thread Prev | Next
Author: yttire Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 5085  
Subject: Re: Happy Dance Date: 6/17/2005 3:32 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 2

I was looking over my finances and just read a book about retiring in Mexico. You can live there for about half of what you can here.

I realized that we could retire right now, and it was a strange feeling (must as you may feel when thinking about moving into that 100k place and just quitting).

You have to ask yourself- what do you really want? What is the purpose of moving further, if you have already reached a point of independence? Is it merely seeking a larger marging of safety? Or coming up with a standard of living for your spouse?

I don't know the answers to those questions, but do think a larger margin of safety is nice, and the future is so unknown it is threatening. Living off of just investments seems risky in some ways.

I guess it comes down to why you want to FIRE. If you want to FIRE to pursue your dream job- couldn't you do it now? If you want to FIRE to escape from wage slavery- you certainly could in Mexico. If you want to FIRE to maintain your current standard of living here in the states in your same house- well you may have to wait.

But wouldn't it be nice to spend summers with your 5 year old instead of an air conditioned office? I am asking myself those questions now- I am not ready to FIRE but could take on a job with the summers off. What am I sacrificing and for what purpose? My kids are not even in school yet though... I get to see them during lunch break- so this soothes my ego a bit.

Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (39) | Ignore Thread Prev | Next

Announcements

Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

Looking at Currency Ratios
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement