No. of Recommendations: 1
I've also thought about planning on doing a MOOTFL (moving out of the fast lane) in say 5 or so years. At that point I'd be lucky to have a 1 to 20 ratio of yearly budget to total investments. I'd have to fidn a suitable part time job to cover expenses with some mad money left over and allow my investments to continue growing till I reach a ratio of 28 to 1.

I guess all I can say is I aim to be flexible with my decision. 5 years is a long time, and who knows how much I'll love/hate my job by then. Right now I'm pretty burned out with work and am wondering how I can last another 5 years. Luckily, I will be taking 3 weeks of vacation soon and hope to recharge. I also have to gauge how much MOOTFL will cost me in terms of years till 100% retirement. Not sure if MOOTFL and doing part-time work for 6-7 years would be any better than sticking with current job for another 3-4 years and being fully financially indepedent. Guess only time will tell.
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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.
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.