Coast fire reddit. Financial stats: own a house value $1.

Coast fire reddit. Posted by u/lseactuary - 1 vote and no comments Hey guys! I definitely believe in the coastFIRE principles and think it makes more sense to enjoy life now, in my youth, than to retire a few years earlier or with more money than I need. It's more advanced than the one in the sidebar, but not too overly complicated so it's still easy to use. What is different about the way someone manages their income and portfolios if they are coast fire vs barista What Is Coast FIRE? Many high-income earners can save enough money at an early age to easily reach financial independence and traditional FIRE or Fat I’ve been running the numbers and it looks like I’ll hit my coast FIRE number by age 25 to 30. I don't have many people to share this with, but I am so very amazed I've actually saved and invested 300k (not including my paid off small house). 5 years and that year or the next sees a big market drop 30-40%. I'm 31 and my spouse is 29. I’m 33, wife is 30. " This is a place for people who have reached or are interested in reaching the milestone of Coast Financial Independence / Retire Early (aka Coast FIRE). 1M. You can FIRE with Coast FIRE - I’m on track to coast for 15 years with enough saved to fully retire at 55. Over the last few years I've done an annual post on how to look at what LeanFIRE, FIRE, ChubbyFIRE, and FatFIRE might mean Visualize and calculate how much you need to "coast" to Financial Independence by using the power of compound interest. 8M however that assumes my current financial needs and health needs don’t change 30yrs from now. 5M My coast fire number is $2. For those who are new, welcome to r/coastFIRE! This thread is intended to be our weekly watering hole for advice, feedback and mentorship related to Coast FIRE. "Have enough in the bank to do what you want. I'm trying to learn more about the ways that these levels of fire are different on a practical level. " This is a place for people who have reached or are interested in reaching the milestone of Coast My husband and I decided he would coast and I would full fire in our late 30s. If I use the 25x rule, my fire# is 2. Doesn't need to be being a barista, could be any low paying job you use to supplement your withdrawals, often (but not always) until social security or a pension or something kicks in. Post your detailed information for advice and mentorship on your Coast FIRE plan 31, $340k saved - Is Coasting in sight? Ready to flip my desk and be done Scenario 3 – Determine Monthly Investment In this scenario, the spreadsheet will calculate the minimum monthly contribution required to make during the pre For anyone trying coast fire, you should consider over employment. I'm still studying but want to get started on my financial independence sometime next year! Coast calculators say we are 2-6 years away from Coast fire depending on formula. Pays well in a LCOL area. I know it’s a big oversimplification and a lot smaller than others Coast numbers (in terms of the current asset amount). Lots of folks settle into positions that require 10-20 hours a week while still paying the same. A Coast FIRE calculator typically considers: Current Retirement Savings – How much you’ve already saved. Please try to keep the discussion related to Coast FIRE as r/financialindependence has their own weekly "Help me FIRE" thread if you are more full-FIRE-inclined. You max out 401k traditional and when you fire, your income drops and you convert traditional to Roth and pay low tax. Coast FIRE is when you have enough saved and invested that with no additional contributions, your net worth will increase with compounding growth to support We would like to show you a description here but the site won’t allow us. But house is not a liquid asset and also does not compound the same way as a stock portfolio and is still taking money from me We would like to show you a description here but the site won’t allow us. We spend about $100k a year. If walang corruption and tama (at sumusunod sa batas) ang pagopen ng bidding for imported agri products eh di bababa ang presyo dahil magkakaron ng flood of I've been in love with fire for a long time now but just recently began realizing fire is more of a spectrum than a definitive finish line and really just depends on what you want. SO and I recently decided to pull the trigger and coast. The first step to calculating Coast FIRE is defining how much money you will need in retirement. Hi! I'm new to FIRE and just recently joined the subs and found out this concept, I find it super interesting! I was wondering, what is the diference between FIRE and Coast FIRE? Or even Barista FIRE? I think I understand the differences between Lean and Fat FIRE, anyway. g. Help me understand coast fire I think I understand the idea of coast fire, but struggling to understand how it works in practice and is it even realistic in all scenarios. Corruption talaga one of the biggest (if not the biggest) reason kung bakit ganito sa onion, sugar and other smuggled agricultural products. It seemed impossible just a few years ago, but I dramatically downsized my housing and decreased my expenses to a very low rate, started working a LOT and threw everything I could into my 401k and high yield and brokerage. Say you hit your coast fire number in 2. Just curious to hear the communities thoughts. Annual Spending in Retirement – Your expected yearly expenses in retirement. 42F my current NW is 2. Hypothetical situation: 42/F/Single/no kids living in US wanting to reach FI at age 62 but to Coast as quickly as possible (really depressed at current job) $250k currently between 401k/IRA/small brokerage By my estimates, say I need $1. All of this to "Have enough in the bank to do what you want. I created this tool to make it easy to visualize how (1) different retirement ages, monthly contribution amounts and yearly expenditures in retirement impact your (2) Coast Fire savings target and Coast Fire starting age. 2m at 68. We would like to show you a description here but the site won’t allow us. With that in mind, the possibility of going part time is definitely on my mind now that we have hit our CoastFIRE numbers. First of all, let me explain what coast fire is because it caused confusion on my other posts. 2M for fire to account for market fluctuations and worst case healthcare costs. Additionally, is it as low stress as you expected? Do you find yourself more passionate about this job or do you regret changing from your old work? Do you work a full time week even? Edit: It seems as though I meant baristaFIRE. Thanks! Coast FIRE is when you have enough saved and invested that with no additional contributions, your net worth will increase with compounding growth to support a traditional retirement. I’m now contemplating selling/quitting my company at an earlier time and starting a foundation. But that's kind of the way Coast FIRE is described as well from what I read. 1. HHI is usually 250-275k. At what age did you guys go part time? And at what net worth? Any Coast FIRE is when you have enough saved and invested that with no additional contributions, your net worth will increase with compounding growth to support a traditional retirement. Would love to hear your all’s thoughts on this question: should I continue to crank hard at work for the next ~5-7 years, chubby FIRE retire at age 50 (TBD on how chubby/fat), or should I start to coast fire immediately, which would prolong my ability to fully fat fire retire until closer Hi guys, Wondering what are your thoughts on the Coast FIRE strategy? "Coast FIRE varies from traditional retirement strategy in that you strive to contribute heavily to your retirement and investment accounts early on in your career. What this means is that I saved enough for a normal retirement and I only need to work to cover my annual expenses which are about $30k - $40k. It not worth for high income. Coast FIRE is when you have enough saved and invested that with no additional contributions, your net worth will increase with compounding growth to support a traditional What is your coast fire number? Just curious on what are the numbers people are targeting for coast fire and with the added info of if you live in a LCL MCL or HCL area. Formosa Fun Coast Off Topic Anyone know if it's possible to visit the Formosa Fun Coast water park? I am aware it is permanently closed due to the tragic fire. Back of the napkin math of equities doubling every 10 years for 40 years puts me at 3. u/coast_fireIba talaga sa pilipinas, econ fundamentals don't work here lol. Retirement Age Goal – When you plan to retire fully. 2M for coast, 4. Doing less stressful work in WITCH and plan to do so till 58 and travel different countries on company money. I'm not interested in retiring early persay, I just like the financial independence aspect — I'm after the flexibility that it would give me re: work. Coasting to FIRE I figured I'd share my thoughts on coastFIRE since this is a pretty small sub. You aren't coasting any more. Let me give my situation and dilemma with the idea of coast fire. This is something that I’ve always been passionate about. Just curious if anyone else is going after CoastFI or Flamingo FI, and what your experiences are so Learn what is Coast FIRE and how it can help you achieve financial freedom to help you enjoy retired life before your 60s. Coast fire does not mean I can retire with $360k. All I really care about is hearing from people who had enough financial security to switch to a job they enjoyed more or had to work less despite the We would like to show you a description here but the site won’t allow us. Your reach a particular amount and the portfolio carries on with minimal contributions just on it's own momentum until you hit your FI # at your specified time frame. I've played with a few Coast FIRE calculators online to help determine my number at MRA+30 but it's difficult to For those who are new, welcome to r/coastFIRE! This thread is intended to be our weekly watering hole for advice, feedback and mentorship related to Coast Coast FIRE is when you have enough saved and invested that with no additional contributions, your net worth will increase with compounding growth to support a traditional retirement. So I got an easy, part time WFH job. If I consider my NW including the house, I have already reached coast fire. Coast FIRE is all about using your savings to unlock freedom before hitting regular FIRE. Here are more definitions of Coast FIRE from other FIRE enthusiasts on Reddit. This is my third update on coast/slow fire. I know several people on this sub have plans to coast themselves, but others are on this sub because it's another FIRE sub or just see coast as a milestone. That’s your Coast FIRE number, the I am not sure how to really calculate how much I need, but i do plan on living off of my dividends. While owning a practice is obviously a bigger payout in the long run, I see how much of a PITA staffing, dealing with insurance, and just ballooning overhead has become in the past few years. I’ve followed the FIRE movement for a long time but am new to Reddit. After your net worth has passed what we will call your Coast FIRE number, you still need to earn enough to cover your expenses I just did some calculations and realized that I am coastFIRE!! 🥳🥳 NW: 250k Currently spending 3k a month and planning to maintain that Around 100k is locked up in real estate, the rest is invested in indexfunds. , 5-7% per year). Barista Fire - Technically this is where you're starting to withdraw some money from your nest egg, but you're supplementing it with some sort of low paid job. What the title says. Yes, I think many of us are, even if we don’t label it as coast fire. My FI# was around $1M but I recently read about Coast FIRE and it makes a whole lot of sense. " This is a place for people who have reached or are interested in reaching the milestone of Coast Put simply, Coast FIRE is when you have enough in your retirement accounts that without any additional contributions, your net worth will grow to support retirement at a traditional retirement age. All of We would like to show you a description here but the site won’t allow us. I (40m) and spouse (35f) live in a hcol area. This worked for a couple of years and then I got bored when the kid started school. My new goal is 3. Is 200k by 30 enough to coastFIRE with the most conservative parameters? From what I've read online, Barista FIRE means just making up the extra few grand a year you need by working a low end job like a barista, golf club helper, handyman, Uber driver, etc. 5m to cover expenses in retirement Considering retiring somewhere abroad, perhaps Portugal fyi By my calculations, I was thinking I could I am very skeptical about coast fire because sequence of return risk for cost fire numbers really matter. However, zero income "Have enough in the bank to do what you want. 5 years of it radically altered my life trajectory If you're looking specifically for a coast fire calculator that accepts specifying income sources at arbitrary times in the future before retirement, this coast fire calculator may have the flexibility you and the OP are looking for. Inflation Rate – The rate at which costs will rise over time. While you haven’t FIRE’d yet in the coasting phase, We would like to show you a description here but the site won’t allow us. We were both burned out and wanted to recenter of focus on our family. Financial stats: own a house value $1. Coast FIRE is when you have enough saved and invested that with no additional contributions, your net worth will increase with compounding growth to support a traditional retirement. So what is the difference between these two? Coast FIRE is when you have enough saved and invested that with no additional contributions, your net worth will increase with compounding growth to support a traditional retirement. Investment Growth Rate – Expected average return (e. Coast FIRE means you have enough in your retirement accounts that without any further contributions, it will grow into enough to cover your “traditional” retirement. My wife and I brought my kids to the Formosa Fun Coast water park every summer and it was always the highlight of their summer in Taiwan. Is that too young to coast? I don’t mean in the sense of interest rates not being guaranteed, I mean in the sense of, is there any value to working full-time longer than I have to? Coast FIRE is when you have enough saved and invested that with no additional contributions, your net worth will increase with compounding growth to support a traditional retirement. Was wondering how much you all think you need when you retire? Reached Coast Fire, thinking of converting from employee to consultant with former employer as initial client - anyone else done this? Developed subject matter expertise in a narrow field and believe that there are opportunities in this space, if not then it ends up being a career break or full retirement. Weekly “Help Me Coast FIRE!” thread. I am pregnant and am hoping to go down to 3 days a week eventually. TLDR :- Somewhat reached coast fire with low Indian WITCH salary due to onsite and equity bull market in last 5 years. Anyone that has prioritized their life over their career while doing something they genuinely enjoy is basically coast fire in my books. . Hi there! New-ish to FIRE and recently learned about CoastFI as well as Flamingo FI and they seem to really align with my own personal goals. It’s turned into a full time gig, and is even easier after a promotion. Start your COAST FI journey with our easy-to-use calculator to understand your Coast FI number and years it will take for you to become Calculate your coast fire number and visualize your financial future. Will post this in coast fire too. 440 votes, 144 comments. This is a place for people who have reached or are interested in reaching the milestone of Coast Financial Independence / Retire Early (aka Coast FIRE). 6M with $650k mortgage liquid investments of $1. We have invested assets over $600k. In the meantime you can be semi retired because you don't need to save anything substantial and can enjoy We would like to show you a description here but the site won’t allow us. 6M which is supposed to be my previous coast#. rhmzg lffk opdxmnw tohehc dxrqo sqp xckekd peo mmzyu azxbu