dcsimg The Get Rich Slowly Forums • Viewing profile - MrBudgetBuster

  GRS Home  Forum Home
Bank Rates Center
   Savings Account Rates
   Money Market Rates
   Highest CD Rates
Insurance Rates Center
  Auto           Health
   Life              Home
Mortgage Rates Center
  Mortgage Rates
  Mortgage Quotes

Last visit was:
A place for Get Rich Slowly readers to ask questions
and exchange ideas
It is currently Sun May 29, 2016 12:17 pm



Viewing profile - MrBudgetBuster

Board presence

User statistics

MrBudgetBuster
Offline
Joined: Tue Aug 14, 2012 5:33 pm
Last visited: Wed Aug 15, 2012 11:10 pm
Total posts: 10
[0.01% of all posts / 0.01 posts per day]
Search user’s posts
Most active forum: Personal Finance
[ 10 Posts / 100.00% of user’s posts ]
Most active topic: How long until I reach FI?
[ 8 Posts / 80.00% of user’s posts ]

Contact

Profile

E-mail address: E-mail
PM: Send private message
MSNM/WLM:
YIM:
AIM:
ICQ:
Jabber:
Groups:
Location:
Occupation:
Interests:
Website:

MrBudgetBuster Posts

Search found 10 matches
Search these results:

Author Message

 Forum: Personal Finance   Topic: How long until I reach FI?

Posted: Wed Aug 15, 2012 10:48 pm 

Replies: 15
Views: 3692


As Bichon said, the 4% rate is only for 9X% probability of your money lasting 30 years. I don't agree or at least don't know that that it drops drastically past 30. but it does include spending down principal, so it's not going to last forever. The other big thing you have to figure out with early ...

 Forum: Personal Finance   Topic: How long until I reach FI?

Posted: Wed Aug 15, 2012 10:42 pm 

Replies: 15
Views: 3692


My problem of being financially independent is that it can mean a lot of things. Technically, I could call myself financially independent if I sold my little mansion up on the mountain and settled for a more modest, but still very comfortable, home somewhere in the valley floor which would be paid ...

 Forum: Personal Finance   Topic: How long until I reach FI?

Posted: Wed Aug 15, 2012 10:36 pm 

Replies: 15
Views: 3692


Here is a table from Wade's Blog (which admittedly has a lot of variables). Ooh, great data. Thanks for the link! What does everyone think about considering FI as a 2-period process for the OP MrBudgetBuster - period 1, still working but as a choice, and period 2, may not be working (for income, at...

 Forum: Personal Finance   Topic: How long until I reach FI?

Posted: Wed Aug 15, 2012 10:33 pm 

Replies: 15
Views: 3692


You'll see with about a 4% withdraw rate you can theoretically stay retired forever. aka be financially independent. I disagree with 4% being a viable withdrawal rate forever. It certainly is within the realm of possibilities, but it is highly unlikely IMO. For mainly two reasons. 1) The original B...

 Forum: Personal Finance   Topic: How long until I reach FI?

Posted: Wed Aug 15, 2012 10:13 pm 

Replies: 15
Views: 3692


Oh, one last think MBB. You need a budget! Why? Because everyone needs a budget! :geek: Personally I use Mint.com because it's free. It has a lot of shortcomings in my opinion such as not being able to plan future months. I hear great things on this forum about YNAB http://www.youneedabudget.com/ b...

 Forum: Personal Finance   Topic: How long until I reach FI?

Posted: Wed Aug 15, 2012 10:11 pm 

Replies: 15
Views: 3692


But to answer your question you're probably closer than you think. Given that you plan to keep your expenses low and you are not planning to quit working completely. Check out Mr Money Mustache. I'd include the link but there is another link I want to include and the forum only allows one URL per p...

 Forum: Personal Finance   Topic: How long until I reach FI?

 Post subject: How long until I reach FI?
Posted: Tue Aug 14, 2012 8:00 pm 

Replies: 15
Views: 3692


Ok, so I tried answering a few questions on this forum but now for the question that made me sign up. I want to know at what point I can consider myself financially independent. So here's the story. I'm about to hit the big 3-0 in a couple of months. I'm married and have a 7 month old boy. We want t...

 Forum: Personal Finance   Topic: liquidating stocks to pay for refinancing

Posted: Tue Aug 14, 2012 6:06 pm 

Replies: 14
Views: 2152


This is my first post to the forum so bear with me- My wife and I have a 30-yr conventional fixed-rate mortgage. It's $197000 with 5.75%. The house payment of $1214 is painful to pay each month. We're considering liquidating some of our portfolio in order to fund the refinance. We're really big int...

 Forum: Personal Finance   Topic: Dad's credit card overlimit, affects my credit, advice

Posted: Tue Aug 14, 2012 5:50 pm 

Replies: 6
Views: 1648


In addition, this is a very old account, about 20 years and it obviously makes my credit history look much better. Does this outweigh the ding? On a scale of 1-10 how likely is this to happen again? If you're worried about it have you dad call and take you off the account. It might be worth the pea...
Page 1 of 1 [ Search found 10 matches ]




Jump to:  
Powered by phpBB © 2000, 2002, 2005, 2007 phpBB Group
Theme created StylerBB.net & kodeki