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.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra