Message Font: Serif | Sans-Serif
UnThreaded | Threaded | Whole Thread (7) | Ignore Thread Prev | Next
Author: whyohwhyoh 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 5087  
Subject: Re: FIRE mid-year update 2010 Date: 8/7/2010 12:19 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
Nothing magic about 8 NW/AI, but I have seen this number mentioned several times in the past as an FI number (not necessarily FIRE). And yes this just represents a particular amount that would make me feel comfortable to pause from the workforce.

I am thinking we can live comfortably at a 50% paycut (after downsizing), so our number would be 16 NW/AE (annual expenses). And again, we may just continue on and not pause from the workforce, but it is nice to at least feel like one has the option, and not feel stuck.

And concerning France or Europe in general, I'd likely rent not buy to be more mobile. We have dual US/French citizenship, and my children speak French, so it would be natural for us to take a few years off there. My French is poor, and they have near zero jobs in my line of experience, so it would be tough to find a good paying job there.

Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (7) | Ignore Thread Prev | Next


Kiddie Card Board
Should kids have their own credit card?
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:
Berkshire Hathaway

Taking Candy From Strangers
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 Glassdoor #1 Company to Work For 2015! 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.