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Author: avjo Three stars, 500 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 5084  
Subject: Re: Young'un sets FIRE goals Date: 3/10/2007 8:24 PM
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You have a good plan and certainly are on the right track. The biggies would be: unemployment, being sued by someone, not a large enough in crease in salary to meet goals and/or increased expenses that you can;t cut back on (which perhaps could involve getting married) and of course unexpected illness (you or someone close to you)

Im 26 as well, our housing is paid for my husbands job, no student loans, we got married last year, have a baby on the way, and have side income from a small business as well so I can see where your coming from.

4 years to go from 15k to 100k is doable but it would mostly be contributions unless very lucky on your stick picks - which is where having your ducks in line for the other "threats" become important.

Depending on your type of business you of course need to carry liability insurance, but try to realistically asertain the sue factor of your business - and that is even more true if it is similar business to the contract work you do now and you have a non-compete in place.

Head injuries of a car crash could happen to anyone (my brother in law lives in Europe and bikes to work yet was hit by a car) so just because your not doing manual labor does not mean you might be disabiled to the point you can't work.


Talk to business people, accountants, lawyers to keep a heads up so you can take the most value from your business. Keep your network wide open.

Having a house subsidy is huge- so be careful in your location choice when you do come back - as that could quickly eat up an increase in salary. (very very quickly btw)

If you are holding seperate index funds perhaps try a target retirement fund that matches your goals to keep expenses down.

As far as weddings go, it is up to you and your future spouse, but 20k is a lot of money in my opinion for a wedding - even though I see many around here spend more. It is one day - so have priorties - a great outfit, or honeymoon, or pictures - but don't go crazy. You'll be married weather you have punch at a friends house after or a lavish weekend wedding party. And of course lavish spending doesn't gurantee a marriage that will last. Espically for someone on an aggressive FIRE plan youll need a spouse whos ideals are somewhat inline with a LBYM lifestyle in order to accomplish these goals. Cause after weddings, then come kids - which will be even more expensive.

Just my thoughts anyways Good Luck and Good Job

ps if you could stay working in japan would you?



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