I FIREd this year at 43. AMA

New
DuQvV7

New

BIO
Mehy
DuQvV7more
Aug 17, 2018 396 Comments

Admittedly a thin premise to base an AMA on... but whatevs.

FIRE: Financial Independence + Retire Early

I am retired.

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TOP 396 Comments
  • Snapchat Evan
    What’s your net worth.
    Aug 17, 201831
    • Kohl’s / Product
      time2live

      Kohl’sProduct

      PRE
      Sony, Kohl’s, Apple
      BIO
      Hands on product manager. Expertise in both platform and consumer facing products
      time2livemore
      What are your expenses? What do you pay for health insurance?
      Aug 17, 2018
    • New DuQvV7x
      RE: Real-estate.

      I save $3.95m by 43. I turned 44 3 months ago.

      My primary residence is paid off. Vacation home isn’t. Balance is under $50k though.
      Aug 17, 2018
    • Salesforce pmyz88
      More than enough .. Who would want to retire in Bay Area anyway .. Plenty of other cheaper places with higher quality of life
      Aug 17, 2018
    • Google MAOz16
      4M and you’ll only live on 40k a year? Minus 10k a year for health insurance it really doesn’t leave much for property tax, utilities, and living expenses. If you were in a position to save that much you could live like a king making 500k a year or more...
      Aug 17, 2018
    • MGM Resorts BionicMan
      How can you live on 40k in LA? Did you move to Oklahoma or something?
      Aug 17, 2018
    • New DuQvV7x
      Multiple questions above. I’ll try to hit them all.

      Trolling: No.

      How was it done: There’s a giant post on here where I detailed it. I don’t want to retype all that.

      Pls answer: Blind keeps locking me out for posting too many responses. Sorry.

      40k/yr: My expenses are food and travel. COBRA will run me $5k this year. Property tax is $2k. Of course that’s just for my home. Rental properties are not included. I don’t want to work to live like a king. I quite enjoy my life as-is

      40k in LA?: I’ve never lived in LA. Oklahoma either. I’m farm born and barn raised. Hoosier all the way.

      40k a year??? See above.

      Crypto: I wish. I bought bitcoin at $6. Sold at $250. Pocketed $3k profit. Thought I was hot shit. Oh well...

      @36: I had 929k. I had just been though the 2008 shitstorm though
      Aug 17, 2018
    • GE / Eng
      weakPtr

      GEEng

      PRE
      General Electric
      weakPtrmore
      For RE do you own individual properties or do you do syndications? Any opinions on investing in things like life settlement funds or law suit settlement funds? Any favorite RE types? Multi family A,B? Storage?
      Aug 18, 2018
    • New DuQvV7x
      I own a few residential units as part of a multi person company.

      I don’t invest in settlement funds. I do t know how to judge this.

      I own SFH, Condos, duplex, apartment complexes and strip mall. I would love to own a storage facility. That’s where the real money is made.
      Aug 18, 2018
    • MGM Resorts BionicMan
      I see how you can live on 40k now since your in Indiana. Very smart taking the RE path to riches and having a career in programming helped you get started.

      What does “NEW” do? Never heard of the company.
      Aug 18, 2018
    • New DuQvV7x
      “New” is what Blind names your company when less than 10 people from that company join. It aids anonymity

      I work for a large firm but joined through my private LLC domain because I try to separate work and personal stuff.
      Aug 18, 2018
  • Qualcomm newuser45
    Do you have wife/kids ?
    Aug 17, 201810
    • New
      DuQvV7

      New

      BIO
      Mehy
      DuQvV7more
      OP
      Nope. Those are things I specifically chose to avoid.
      Aug 17, 2018
    • Cisco OzSn38
      That's the secret then
      Aug 17, 2018
    • VMware titu12
      this is the cheat code guys
      Aug 17, 2018
    • Micron / EngBDJO24
      And girls
      Aug 17, 2018
    • Facebook Xyzxix
      Nah, I'm in a similar place and have lots of kids and married, key is just saving. That's only hard if you marry poorly.
      Aug 17, 2018
    • The Trade Desk adsadsads
      This isn't the cheat code. Sorry OP. Good luck.
      Aug 17, 2018
    • Fiserv jnd
      Your wife is in debt and you have to throw money at it
      Aug 17, 2018
    • New DuQvV7x
      I choose not to shit on marriage or procreation. These are not impediments to FIRE. They simply need to be factored in.
      Aug 17, 2018
    • Facebook Xyzxix
      Marry poorly is marrying someone with a different set of values than you do. Particularly around money but other things too. In general if you want to do what OP did, you have to pick a wife that shares your views of lifestyle or not marry.
      Aug 17, 2018
    • Oracle iRVG77
      Marry rich is cheat code
      Aug 18, 2018
  • Care to share a rough roadmap so we can all make our own destiny?
    Aug 17, 201820
    • Pivotal / Eng
      tsXs07

      PivotalEng

      PRE
      Amazon
      tsXs07more
      How'd you find those freelance opportunities writing code for other IT staffers OP?
      Aug 17, 2018
    • UJET iamsamiam
      @OP, I think I know you. And have serious admiration. Let's catch up.
      Aug 17, 2018
    • Oracle / EngAthena
      Right now, do you pay more in taxes than what you spend? What's the rough breakdown? What was your salary when you FIREd? Congrats btw!
      Aug 17, 2018
    • Hack Reactor dkgjs3647
      Awesome OP. I'm from Detroit and doing the same.
      Aug 17, 2018
    • New DuQvV7x
      @Xyhy51

      Best question so far!

      Yes, I leveraged OPM. I still am. I never earned a ton and I’m a marginal at best stock picker. So, I used a lot of side gigs to build the capital to buy RE. I bought a bunch before 2008, I bought even more after. I’ve never (till today) pulled cash out of RE investments to do anything other than leverage other RE.

      Is this risky? Certainly. 2008-2011 were not comfortable years. But ultimately RE was the right call and has been very good for the last 8 years.
      Aug 17, 2018
    • New DuQvV7x
      @iamsamiam There’s that chance after I noted the portfolio size and the area.

      #goHoosiers
      Aug 17, 2018
    • Fiserv jnd
      What advice would you give to someone just starting in California where RE is at the top of the market and you would need a jumbo mortgage to get anything decent? Seems like you got lucky with 2008 RE prices that will never be seen again without an economic downturn
      Aug 17, 2018
    • New DuQvV7x
      @HackReactor There are some awesome brick structure in old Detroit that I’d love to get my hands on. I thought about it actually as a winter base. I just don’t know enough of the market and I’m getting lazier in my old age to manage remote projects.
      Aug 17, 2018
    • New DuQvV7x
      @jnd

      I don’t know enough about CA RE to offer an opinion. It’s a highly distorted market which increases risks and elevates rewards but you need someone knowledgeable enough in this. I’d just be making shit up and that’s not me
      Aug 17, 2018
    • New DuQvV7x
      @Athena

      Are you comparing property tax to what spend? Repairs? Mortgage? I want to make sure I’m answering the correct thing.
      Aug 18, 2018
  • Airbnb jim.hodlen
    I don’t have any meaningful quesitons as I lurk on r/fire. just came to say congrats!
    Aug 17, 20186
    • New
      DuQvV7

      New

      BIO
      Mehy
      DuQvV7more
      OP
      👊
      Aug 17, 2018
    • Google wumbo
      He may fuck himself, or he may not - for he FIREd. Good for you DuQvV7.
      Aug 17, 2018
    • Upgrade / Mgmt
      Goosebumps

      UpgradeMgmt

      PRE
      AppDirect
      Goosebumpsmore
      😀
      Aug 17, 2018
    • Google KissMyPiss
      Went to that subreddit and there are pictures of fire. Troll post.
      Aug 17, 2018
    • Airbnb jim.hodlen
      haha you’re right. there is r/financialindependence and r/*fire*
      Aug 17, 2018
    • New / Other
      DuQvV7y

      NewOther

      BIO
      Did stuff. Hustled hard. Retired
      DuQvV7ymore
      /r/fatFire is a bit better these days, especially for the tech folks
      May 8
  • Amazon Gzi31
    Not getting married is the key.
    Aug 17, 201814
    • Bloomberg iVX372
      No offense, but this is only true if you marry a basic who expects you to subsidize her expenses, or if you have young kids
      Aug 17, 2018
    • New DuQvV7x
      @ivX372 I’m not sure what prior statement you’re responding to
      Aug 17, 2018
    • Bloomberg iVX372
      The comment to which we're replying: "Not getting married is the key."
      Aug 17, 2018
    • Google SWE5
      If you get married to another high earner then it actually helps a lot.
      Aug 18, 2018
    • VMware lesbo
      Getting divorce, now that's the worst!
      Aug 18, 2018
    • Bloomberg iVX372
      ^ unless both signed a fair prenup
      Aug 18, 2018
    • Lending Club oh_well
      ^^ who says prenups need to be fair. Mine wasn't. Saved me big bucks in my divorce. No alimony and no access to deferred compensation are the keys to self protection. Best language insert I ever made 10 years ago.

      With the divorce rates what they are I would not get married again without one. Even if she had hella money.
      Aug 20, 2018
    • Bloomberg iVX372
      @oh_well that sounds perfectly fair to me, assuming you have no kids or still actively father the kids (or your wife took 100% custody and excluded you)
      Aug 20, 2018
    • Expedia / Other
      Batmanuel

      ExpediaOther

      BIO
      I > U
      Batmanuelmore
      If i had to do it over again know what I know now I’d never have married.
      Aug 27, 2018
    • Roku Privatee
      Interesting. Knowing what I know, I would’ve done it earlier
      Aug 27, 2018
  • What is the break down of the net worth? What inflow of money will you get to fund your retirement?
    Aug 17, 201830
    • New DuQvV7x
      There are multiple ways to do this.

      I actually cashout refi one property onto the next one. Thus I put leverage on leverage which made 2008-2010 hellish but bore lots of compounded gains since.
      Aug 18, 2018
    • Google / Eng
      tSWH20

      GoogleEng

      BIO
      I joined in 2004 and plan to retire 2020
      tSWH20more
      Where are your properties n cap rate? We also invest in properties in Bay area, SF n east Bay but cap rate sucks, like 2.5%. my friend is getting 10% in Vegas. we'd like to 1031 exchange into higher cap rate. Thanks!
      Aug 18, 2018
    • New DuQvV7x
      12.5% cap rate or I don’t touch it.
      Aug 18, 2018
    • Intel preetysunj
      @feet. Interesting. Ur method is contrary to what most ppl believe in since most ppl believe in cashflow
      Aug 18, 2018
    • New DuQvV7x
      Not to butt in entirely but a property cashflows positive even if you spend the extra cash flow on paying down principal.

      The cashflow calculation is based on existing liabilities. Any extra or loss defines the cash flow nature.

      Spending the extra income on paying down principal does not change the cash flow.
      Aug 18, 2018
    • OP has 140k cash flow now bc he put the money back into his investments. Similar to what I’m doing. I’ll end up with probably 5-6 rental properties paid off and all that cash will be mine. The properties will be worth millions and I’ll have 100k+ income from it.

      Following in OP’s shoes.
      Aug 18, 2018
    • Roku Starbuk
      Where are your properties?
      Aug 18, 2018
    • WA
      Aug 18, 2018
    • Intel preetysunj
      Where in wa is good place to invest? Most dont even cashflow now days
      Aug 19, 2018
    • Yes that is the problem these days. I’m waiting for a bit of a dip. I bought 2 rentals during last dip so benefited from that.

      In my situation even if my latest doesn’t cash flow positive my overall rental properties will bc I will have 2 fully paid off and will put all rental income into paying of third.

      OP, did you always have properties that cash flow positive or you were in the same situation as me?
      Aug 19, 2018
  • Microsoft Kmeans
    Why were you fired?
    Aug 17, 20183
    • Snapchat Evan
      He wasn’t. He did.
      Aug 17, 2018
    • Facebook IKTz24
      Lol
      Aug 17, 2018
    • Upgrade / Mgmt
      Goosebumps

      UpgradeMgmt

      PRE
      AppDirect
      Goosebumpsmore
      He fired a shot at us. Bullet size =4m 😀
      Aug 17, 2018
  • Amazon gemalto
    Really sorry to hear that OP. please let us know what company you were laid off from so we don't accept an offer there. If you need a referral let me know.
    Aug 17, 20188
    • Amazon mzyQ25
      I hope you are being sarcastic.
      Aug 17, 2018
    • Amazon gemalto
      Getting laid off in your 40s is nothing to joke about
      Aug 17, 2018
    • Intuit poirot
      OP retired, read his post again
      Aug 17, 2018
    • Amazon / QAGzi31
      😂😂
      Aug 17, 2018
    • New DuQvV7x
      [OP] FIREd. Not Fired.

      My situation is voluntary. Nuanced difference but thanks for the kind words.
      Aug 17, 2018
    • Amazon gemalto
      Why did you have to choose the most confusing abbreviation?
      Aug 18, 2018
    • New DuQvV7x
      FIRE is a financial philosophy that is very well known.

      I’m not the originator.
      Aug 18, 2018
    • Google / Eng
      tSWH20

      GoogleEng

      BIO
      I joined in 2004 and plan to retire 2020
      tSWH20more
      ,😂😂😂😂
      Aug 18, 2018
  • North American Bancard IFAx35
    How many rental properties do you have? How many units? How long have you been doing that?
    Aug 17, 201815
    • T-Mobile tmo-12
      What cities are the properties in?
      Aug 17, 2018
    • New DuQvV7x
      IN, OH, GA & AZ
      Aug 17, 2018
    • T-Mobile tmo-12
      Are you still bullish in those areas? In particular, since youre in the mw, OH and IN?
      Aug 18, 2018
    • New DuQvV7x
      AZ is vacation home. GA is AirBnb experiment. I’m *very* bullish on Indy. It’s the 16th largest city and growing also COL is hella reasonable.
      Aug 18, 2018
    • Google SWE5
      How do you deal with rental properties spread across so many places? You said you do most of the repairs yourself, but how?
      Aug 18, 2018
    • New DuQvV7x
      It’s not really spread. It’s 22 in 2 states. 1 in vacation home and 1 for Airbnb. I have property managers and family in both IN & OH.

      Grew up in one, went to school in the other.

      #goHoosiers & #goBucks
      Aug 18, 2018
    • Snapchat Evan
      Did you vote for TP?
      Aug 18, 2018
    • New DuQvV7x
      I don’t know what that stands for
      Aug 18, 2018
    • Snapchat Evan
      Trump/Pence
      Aug 18, 2018
    • New DuQvV7x
      Not directly related to the AMA, but no.

      I’m proudly a blue onyx in a red (purple) state.
      Aug 18, 2018
  • SquareTrade / Eng
    Vjqw70

    SquareTradeEng

    PRE
    SurveyMonkey
    Vjqw70more
    How much did you save per year? From which source of income? Job, dividends, investment, side gig?
    Aug 17, 20189
    • New
      DuQvV7

      New

      BIO
      Mehy
      DuQvV7more
      OP
      I worked for 22 years.

      All in various Midwest companies so no RSUs or high TC.

      Income source: work, side gigs, dividends, stock trading, tax planning, investments (failed and successful)
      Aug 17, 2018
    • Twitter Hfbjr4
      Did you inherit anything?
      Aug 17, 2018
    • New
      DuQvV7

      New

      BIO
      Mehy
      DuQvV7more
      OP
      Nah, besides a degenerative heart condition from my Pa (bless him).

      Well, and a burning desire not to work till I die like he did.
      Aug 17, 2018
    • SquareTrade / Eng
      Vjqw70

      SquareTradeEng

      PRE
      SurveyMonkey
      Vjqw70more
      Can you breakdown the numbers by income stream and year. Just wondering for my own sake.
      Aug 17, 2018
    • New DuQvV7x
      Sorry, dude. That’s just way too much work than I can commit to.

      I had a 22 year career, I have owned rentals for 20
      Aug 17, 2018
    • Hack Reactor dkgjs3647
      Wow owned rentals for 20 years? You purchased your first units in your early 20s?
      Aug 17, 2018
    • New DuQvV7x
      Yes. That’s the only part of my dotcom-bubble “riches” that survived.
      Aug 17, 2018
    • Microsoft / EngGoivenglav
      Same desire in my heart. My mom will work 2 jobs living with a chronic illness and supporting a worthless pile of shit excuse of a man (not my father, though he wasn’t in the best of situations either) the rest of her life. It’s driven me to not want to struggle.
      Aug 17, 2018
    • New DuQvV7x
      Bro, I grew up in rural IN. Farm country. My folks worked till they died. Multiple jobs. My singular goal in life was not to suffer the same fate.
      Aug 17, 2018
  • Google / Engpwy51b
    gfy
    Aug 17, 20181
    • New
      DuQvV7

      New

      BIO
      Mehy
      DuQvV7more
      OP
      👊
      Aug 17, 2018
  • Twitter Hfbjr4
    What are you going to do now?
    Aug 17, 20187
    • New
      DuQvV7

      New

      BIO
      Mehy
      DuQvV7more
      OP
      I retired in May. I’ve travelled a bit and I’m trying to decide on doing the Camino de Santiago pilgrimage.

      But beyond that: gym, lots of day trading, and the occasional teaching gig (a friend owns a training firm).
      Aug 17, 2018
    • Twitter Hfbjr4
      Do you think that'll get boring?
      Aug 17, 2018
    • New
      DuQvV7

      New

      BIO
      Mehy
      DuQvV7more
      OP
      Nope. I don’t have a lack of things to do.

      I have an abandoned PhD To consider.
      I used to teach, would consider doing that again
      I’ve taken over most of the repairs for my rentals. Would likely grow that portfolio.
      I have written 3 books, #4 may happen.

      In short, no. It won’t get boring.
      Aug 17, 2018
    • Capital One / Engdesu
      Daytrading? Real estate?
      Ever posted on /smg/?
      Aug 17, 2018
    • Hack Reactor dkgjs3647
      What's /smg/?
      Aug 17, 2018
    • Capital One / Engdesu
      You'd know it if you posted there
      Aug 17, 2018
    • New DuQvV7x
      I don’t know what that is either.

      But no, I haven’t.

      I know this because I only post on Blind and 2 topics on Reddit.

      I have no other social media apps or accounts.
      Aug 17, 2018
  • Microsoft HalJordan
    Do you have kids? Are you not planning to leave an inheritance for them?
    Aug 17, 20187
    • Amazon thereyago
      OP doesn’t have kids, per his indication in previous comments.
      Aug 17, 2018
    • Intel cqn35
      Why leave inheritance for kids?
      Aug 17, 2018
    • New DuQvV7x
      [This is OP] I have 3 spectacular nephews so far that will get everything that isn’t spent.
      Aug 17, 2018
    • Salesforce Kjhdrytbif
      What if you have a accidental baby 😅, because you said you’ll have a lot of xxx
      Aug 17, 2018
    • New DuQvV7x
      It’s certainly possible. Safe sex is not a guarantee. I should schedule a vasectomy.
      Aug 17, 2018
    • Indeed / EngFelinefine
      Goal should be slide into the grave spending your last dolla
      Aug 17, 2018
    • New DuQvV7x
      I have 3 nephews. I’d love to leave $1m for each of them if I could.

      #squadGoals
      Aug 17, 2018
  • Google Jfofoansnd
    I am also FIRE. What are you doing so far to keep busy? Honestly I am getting bored and debating going back part time.
    Aug 17, 20182
    • Yelp eir
      Why not set your own direction?
      Aug 17, 2018
    • New DuQvV7x
      Heres what I have on the docket for the next year to pass time.

      Turo - no one has trucks on it
      Uber Select - Tesla Model X on event days. plus I get tax benefits this way
      Teaching - My friend owns a training firm
      Day Trading - buy high, sell higher. I hope.
      Sports betting - Go Colts!!!
      Craps - recreationally
      Benefit corporation to renovate housing in rural IN.
      Grow worms - don’t ask
      Buy a Sawmill - self explanatory
      Burning man
      3D print stuff - guns fuck yea
      CN11 Cocoa product
      Conference Speaker - 2 gigs
      Start Book #4 - maybe.
      Kickstarter - Kickstart awesome LED product idea
      Aug 17, 2018
  • Google / Eng
    sergey

    GoogleEng

    BIO
    Top Contributor or GTFO
    sergeymore
    Would you regret anything if you find out today that you will die in 3 months?
    Aug 17, 20182
    • New DuQvV7x
      [OP] Honestly, no. I’d be pissed at the potential amount of sex I‘d be missing out on tho. And donuts.

      I’m planning to have a lot of both through 50
      Aug 17, 2018
    • Microsoft meh2
      Sex and donuts? You have solved life- do these 40-50, not 20-30. We/I just stupid. Sigh, back to work on Monday.

      Enjoy your retirement OP.
      Aug 17, 2018
  • Amazon mrincrdble
    I want to do this by 45 max. Envy you but also happy for you. Rat race sucks.
    Aug 17, 20180
  • eBay / Eng
    DiscoGuy

    eBayEng

    PRE
    Microsoft
    DiscoGuymore
    Where are you located? Are you planning to move?
    Aug 17, 20186
    • New
      DuQvV7

      New

      BIO
      Mehy
      DuQvV7more
      OP
      I’m in IN. I have a vacation home in AZ. Likely getting another in FL.

      No intentions of actually moving permanently.
      Aug 17, 2018
    • Then your cash burn will increase.
      Aug 17, 2018
    • New
      DuQvV7

      New

      BIO
      Mehy
      DuQvV7more
      OP
      Certainly. But that’s factored in.

      I earn $140k/yr from rentals. As long as my cash burn is south of that I’m good.
      Aug 17, 2018
    • Facebook ttka52
      @DuQvV7, how do you earn 140k/yr from rentals ? I think just owning houses wouldn't give you that. Could you elaborate?
      Aug 17, 2018
    • Facebook / MgmtAsdfFdsa?
      That’s less than 12k/mo. If he’s got a handful of properties that are paid off, that’s not a far stretch at all.
      Aug 17, 2018
    • New DuQvV7x
      There’s a post on here with a detailed breakdown. I own several properties over 20 years. Paid off properties accelerate the rental return curve.
      Aug 18, 2018
  • Amazon / Other
    Quadruple

    AmazonOther

    PRE
    Amazon
    BIO
    Why the fuck do you think I would put any personal information in an anonymous chat app? You seem really confused, @blind
    Quadruplemore
    I know you made this tremendously personal decision to remain single and childless. What do you want your legacy to be? Who are you leaving the fortune and assets to?
    Aug 17, 20188
    • Tesla / OtherqSXN35
      To his cat
      Aug 17, 2018
    • Amazon mrincrdble
      Well he can have a a family now... Wish you luck OP (saying with pure and good intentions)
      Aug 17, 2018
    • New DuQvV7x
      I don’t have need for a legacy. I’d love to do my time and expire in peace.
      Aug 17, 2018
    • Can you adopt me?
      Aug 17, 2018
    • New DuQvV7x
      @qSNX35

      How did you guess I have a cat

      #mindBlown
      Aug 17, 2018
    • Yahoo Whtvr
      I could have guessed you have a cat myself. ;)
      Aug 18, 2018
    • Tesla / OtherqSXN35
      Everyone has a cat. If you don’t, you suck. 🐱
      Aug 18, 2018
    • New DuQvV7x
      There are dog people too.

      But... they’re the worst :)
      Aug 18, 2018
  • Microsoft gfba68
    Why should we care?
    Aug 17, 201811
    • Salesforce Tech Debt
      Lol, he's just jealous he's still at the company
      Aug 18, 2018
    • Microsoft gfba68
      Have several times OPs net worth and could quit tomorrow. Why should we care about OP's private decision to retire?
      Aug 18, 2018
    • New DuQvV7x
      This is the awesome thing about Free choice, because you don’t care doesn’t mean others don’t.

      Besides, you gotta admit you care enough to write 2 posts.

      Thousands of Blind users who *really* didn’t care didn’t.
      Aug 18, 2018
    • Microsoft gfba68
      Poor logic
      Aug 18, 2018
    • Salesforce Tech Debt
      Agree, if you didnt care you wouldn't have read this far and you wouldn't have posted....
      Aug 18, 2018
    • Google / Eng
      tSWH20

      GoogleEng

      BIO
      I joined in 2004 and plan to retire 2020
      tSWH20more
      Funny blind users say they don't care 😂😂😂
      Aug 18, 2018
    • Microsoft gfba68
      I comment on quite a lot of things I don't care about. Why do you think I wouldn't?
      Aug 18, 2018
    • Gen!x / Eng
      ixptl12

      Gen!xEng

      PRE
      startups, JPMorgan Chase
      BIO
      ¯\_(ツ)_/¯
      ixptl12more
      IKR. I frequently comment on stuff I don’t care about too. And I remain engaged to show that I totally don’t care.

      Also, I’m sexier than OP. And I have a tremendous dick. Much longer than OPs. In fact, I have 2.

      Did i mention I don’t care about this sub-thread.
      Aug 18, 2018
    • Microsoft gfba68
      Everybody comments frequently on things they don't care about. Citation: Reddit exists
      Aug 18, 2018
    • New DuQvV7x
      @ixptl12 Thanks for not caring. Tho I’m quite curious about the 2 dick thing... Scientific interest, purely.
      Aug 18, 2018
  • Chegg S2W
    What is the downside?
    Aug 17, 20187
    • New DuQvV7x
      Of what. Not having to go to work in the morning?
      Aug 17, 2018
    • Chegg S2W
      Not having your own family... No regrets I get it. But you went down that road for a reason. What else did you sacrifice to flip that early? Whatever that is It’s time to get it all back! Good luck, man)
      Aug 18, 2018
    • New DuQvV7x
      I should make clear that this was not a decision related to money. I have a hereditary health condition that I decided not to share with offsprings.
      Aug 18, 2018
    • Chegg S2W
      Thanks for clarification. Hopefully those nephews of yours are on a safe side.
      Aug 18, 2018
    • Chegg S2W
      Would you agree that not having a family was a key for your FIRE? Or was it RE all over? And had you not the pathology it would all work out same way with wife and kids?

      Trying to predict our FIRE... Our cash burn is $75K(correction from 60K). But two of us yet, in the Bay Area. Net wealth is 100K at 32. Debt free but renting.
      Aug 18, 2018
    • New DuQvV7x
      This steps a bit into counterfactual territory but I have to concede that things may have turned out different. Or at least delayed.

      For one, I worked a schedule in 2008-2010 that would have ended most marriages.

      Second, having kids would make it hard to take some risks that I’ve had to take. I think.

      That said, married with no kids would have accelerated my FI date. But ultimately many women prefer to procreate and so the choice of not settling became entangled with that.

      Cash burn of $60k for 2 is impressive. Especially in HCOL area. FIRE has to be a shared goal because there are sacrifices involved. For everyone.

      There was an 8 year period where I spent every vacation from job one, doing side gigs on the road.

      That killed some relationships, and would test most marriages
      Aug 18, 2018
    • Chegg S2W
      Appreciate your honest answers. Stay blessed!
      Aug 19, 2018
  • Amazon / EngGy33
    Since majority of your $$ seem to have come from real estate, how does one get started? I’d like to buy a Condo in a desirable neighborhood in Boston (Brookline, Backbay, Beacon hill, Cambridge etc)., live there for 4-5 yrs and then rent it out and move to the suburbs.

    I’m just browsing through Zillow and Redfin without any actual leg work and things generally look north of 700k for a decent place. There’s talk of real estate price corrections and such as well so don’t know if it’s a good idea to take the plunge.
    Aug 17, 20184
    • Oracle puji66
      Careful with condos. Many associations will have a cap on how many units can be rented, so if that's maxed you have to wait for one of the rentals to sell to someone wanting to move in.
      Aug 17, 2018
    • New DuQvV7x
      That is a very good point. I own several and I pay a lot of attention to this.

      I once had to team up with other investors to wrestle control of a condo complex board and prevent them from enforcing draconian rules.

      But zoning boards can also be as draconian. Eternal vigilance is key.
      Aug 17, 2018
    • GE / Eng
      weakPtr

      GEEng

      PRE
      General Electric
      weakPtrmore
      Maybe OP can comment but I personally just do syndications.
      I give up a good chunk of returns but I get immediate exposure to commercial real estate. Just gotta be careful not to get mixed in with a bad operator.
      Typical returns are 8% cash-on-cash, projected IRR 18%. 8% is preferred returns
      Aug 18, 2018
    • New DuQvV7x
      I don’t trust large pools of individuals where I don’t have a seat at the table. So, I have not done syndications.

      I do partner with individuals on projects but these are individuals I already know
      Aug 18, 2018
  • Paxata / Eng
    Does 45 even count as early?
    Aug 17, 20183
    • Google xjvX25
      About 22 years early, give or take.
      Aug 17, 2018
    • New DuQvV7x
      67 is standard US retirement age.

      To me, 66 counts as early.

      But it’s subjective.
      Aug 17, 2018
    • Google // FIXME
      paxata is just trying to be clever.
      Aug 17, 2018
  • Ellie Mae SxmE80
    Congrats and enjoy being on FIRE. My husband and I set a plan to retire by 50. We are in late 30's and early 40's and don't mind working for ten more. The first 20 were aimless but the last ten will be with a goal of enjoying that day in the sun where we will not have to check email from work or have that getting fired cloud over our head. God Bless you with good health and surround you with happiness. You deserve getting to FIREd...Huggs!!
    Aug 19, 20182
    • New DuQvV7x
      🙏
      Aug 19, 2018
    • Square XEyedBear
      This is the most positive comment I’ve seen on blind.
      Aug 19, 2018
  • Lending Club sparky3000
    You get lonely with no wife or kids? Do you fuck young chicks?
    Aug 17, 20182
    • New DuQvV7x
      Middle aged women are my thing. I need a little “handle” to hold on to. But that’s just me.

      Never lonely or bored. At least not yet.
      Aug 17, 2018
    • Lending Club sparky3000
      Nice. I’m considering taking your route (no wife or kids)
      Aug 17, 2018
  • Walmart.com sqlbot
    What do you want to do next? I imagine you worked very hard to get here and will have trouble doing something without any meaning
    Aug 19, 201810
    • Facebook ohben
      If I FIRE, I want to drive uber part time and serve people.
      Aug 19, 2018
    • Ellie Mae SxmE80
      So my friend. What makes you believe that his life will stop having meaning just because he stops working? Bill Gates stopped working more than a decade or more ago. He found meaning in life and claims to be more busy working on the Gates foundation. Similarly our friend here may find happiness in growing a backyard garden, coaching kids, teaching at a university. From your post is almost feels like continuous suffering is the only way to happiness. Also how do you define trouble of something without meaning? Whose definition of meaning are we talking here? The TC and bank balance chasing majority or those who feel liberated just going on a morning walk or find meaning watching the sun rise of set. Let the man enjoy his life. And let's all respectfully stop interrogating him or try to scare him. Simply put. His money, his life and his decisions. I am out of this post
      Aug 19, 2018
    • Postmates Slimer
      Working at Walmart gives your life meaning? Woah
      Aug 19, 2018
    • New DuQvV7x
      There is a prior post detailing what I have planned for 2019. I do not expect to be bored in the least.

      Personally, my life is not driven by the search for meaning. I am perfectly content existing in this time and space.

      Cheers.
      Aug 19, 2018
    • Adobe F45nP
      I’m also interested in this one. We all have our own joys. What’s OP’s in the FIRE part of their life? Congratulations. I’m about 7 years away from FIRE.
      Aug 19, 2018
    • Facebook ohben
      F45nP, How much do you need to FIRE?
      Aug 19, 2018
    • Walmart.com sqlbot
      I really need to work on my communication if there were so many incorrect assumptions. Or are they reacting to their own insecurities? Bill Gates never stopped working. A job is not the only way to keep yourself occupied. He said AMA.... Not LMA. (Leave me alone)
      Aug 19, 2018
    • Walmart.com sqlbot
      Postmates, people find meaning in pursuing whatever they want but do not have. I love Walmart as it pays me to be able to take care of myself and family.. something I can't do without a job.
      Aug 19, 2018
    • Adobe F45nP
      Ohben, $3.5M.
      Aug 20, 2018
    • New / Other
      DuQvV7y

      NewOther

      BIO
      Did stuff. Hustled hard. Retired
      DuQvV7ymore
      @F45nP

      I’ve learned to enjoy the little things. A hike in the early morning. Sedona. Binge watching TV without worrying about the time. Movie theaters during the day. And driving without a set destination.

      And Sedona. Because it’s just amazeballs.

      (Shoutout to Pink Jeeps)
      May 8
  • Roku Starbuk
    Where did you get the bulk of your net worth from? From “new”?
    Aug 17, 20188
    • New
      DuQvV7

      New

      BIO
      Mehy
      DuQvV7more
      OP
      RE investing.

      My entire 401k for 22 years is barely $800k
      Aug 17, 2018
    • New / Eng
      hzFR57

      NewEng

      PRE
      EMC Corporation
      hzFR57more
      What were ur major investment areas? Stocks? Any particular segment - is more long term or short term investments.
      Aug 17, 2018
    • Roku Starbuk
      After 8 years my entire 401k is only 80k. I’m guessing you had good matching and/or stock appreciation on the 401k
      Aug 17, 2018
    • New DuQvV7x
      My matching never exceeded 5% of salary. But besides my first year or 2 when my salary was $38k, I have fully funded my 401k.

      Compounding and time works magic.
      Aug 17, 2018
    • New DuQvV7x
      @Starbuk I fully funded mine for many years. The earlier years were crucial. Maxing 401k on a $45k salary was not easy but it set a pace for me.
      Aug 17, 2018
    • Microsoft / Enguntitled1
      Sorry for dumb question, but what is RE?
      Aug 17, 2018
    • Apple UJfH43
      I’m guessing Real Estate.
      Aug 17, 2018
    • New DuQvV7x
      Yes. RE. I’ll try to limit the shorthand.
      Aug 17, 2018
  • Facebook ohben
    I have 400k cash, and 400k in retirement account. How can I retire? If I spend only 10k / year, can I retire?
    Aug 17, 20183
    • New DuQvV7x
      You’d need to figure out your cash burn over time. At one point I wanted to retire to Costa Rica which is doable on what you currently have.

      $10k/yr would be hard to do in the US. That’s /r/leanFire territory
      Aug 17, 2018
    • Google // FIXME
      yes. that's a 1.25% draw rate.
      Aug 17, 2018
    • Amazon / EngGy33
      Safe withdrawal rates are around 3-3.5% of your nest egg. So 0.03*800k = 24k / yr.

      Depending on your luck, the market could take a nosedive for a couple of years during which your 3% could be worth more like 12k / yr or, on the flip side, it could do extremely well in the first few years leaving you with a lot more as well.

      See firecalc.com for some sims.

      Edit: this is assuming a standard portfolio of 60-40 stocks and bonds in low cost funds. YMMV if you have all the $ in FB
      Aug 18, 2018
  • RackWare Dreamlight
    Congrats OP! Now go fuck yourself!
    Aug 17, 20180
  • Airbnb Tudbsgakbd
    Gfy! ;)
    Aug 17, 20180
  • Microsoft gfba68
    Real estate and stocks have pretty much the same long term risk and return characteristics. There's no free lunch. I could just as easily cherry pick a time period where stocks clobbered real estate, but what would that prove?
    Aug 18, 20182
    • Facebook ohben
      Real estate can leverage with low cost banks money
      Aug 18, 2018
    • New DuQvV7x
      I honestly have no idea what point you’re making.

      I’m not advocating against equities. That’s 25% of my NW. I responded earlier to a specific ETF question.

      If I had a crystal ball I’d have gone max margin and put everything into AMZN way back in 98.

      Or bitcoin.

      I guess what’s being proven is we need to accelerate the development of crystal ball technology
      Aug 18, 2018
  • Twitter NWoj07
    What was your compensation in the last decade? Did you get wealthy through investing or getting paid well?
    Aug 17, 20181
    • New DuQvV7x
      $103 in 2008. $130 in 2017

      Again, this is Midwest. We don’t make crazy TC.
      Aug 17, 2018
  • Blizzard FFWi76
    You said you had a mix of commercial, condo, SFH and apartments. What works best and worst of those? Where are the properties located?
    Aug 17, 20183
    • New DuQvV7x
      I’m entirely Midwest located so my answer may make sense only in this region.

      SFH are the best because they have the greatest appreciation Though they don’t have the greatest rentability.

      Contrary to popular thought on the topic, I love condos both for the rentability and ease of management. It’s the HOA I don’t love as much.

      I bought a 6 unit complex before I was ready to own something that big (3rd property) and it almost broke me. My lesson was this: never expand faster than you can bear
      Aug 17, 2018
    • Hack Reactor dkgjs3647
      Oh man, I'm looking to purchase an 8 unit soon.
      Aug 18, 2018
    • New DuQvV7x
      Make sure you have access to lots (LOTS) of emergency capital.
      Aug 18, 2018
  • Microsoft o730
    Are you worried about getting bored?
    Aug 17, 20183
    • New DuQvV7x
      [This is OP] Nope. Previously answered.
      Aug 17, 2018
    • Microsoft voiF13
      Why would anyone, there are so many things to do in this world. I feel like job takes most of that time away from doing things.
      Aug 17, 2018
    • New DuQvV7x
      There a list on here of 20 items I plan to do in 2019. There’s a greater chance my retirement become a work-tirement than me being bored
      Aug 17, 2018
  • Facebook NSnI12
    Is RE really worthwhile compared to VTSAX? I'm not convinced the premium is worth the management effort and stress of schmoe tenants. Please quantify the difference, assuming you made this decision rationally.
    Aug 18, 20181
    • New DuQvV7x
      For me it is. You get the compounding benefit of leverage on RE. It’s like buying VTSAX in a margin account.

      VTSAX went from 30 in 2000 to 72 today. Honestly there’s no comparison.

      A property I bought in 1998 for 60k with $12k down now rents for $1300/month and can be sold for $175k. And that’s not anomalous.
      Aug 18, 2018
  • AppDirect EROU22
    Average TC and how many years to get there? Do you think you saved more or was it "compounding interest" that made up the majority of your networth?
    Aug 17, 20181
    • New DuQvV7x
      Previously answered above.

      I started working at 14. Saved enough to put $7k into Netscape, Lucent, Agere, Microsoft in the dotcom bubble.

      So, the short answer is 22 years in tech but I’ve spent lifetime plotting retirement. I’m from rural IN where folks work till they drop. Like my dad.

      That’s a life that I’ve tried to avoid for myself.
      Aug 17, 2018
  • Partners HealthCare Phjb86
    How is your social security affected by retiring early? Would you still collect at the highest levels as long as you put in the 10 years required? Or does it account for income right before retirement (in which case would they consider rental income as income? Or does it have to be w2/1099?)
    Aug 18, 20184
    • New DuQvV7x
      I have hit the max number of points needed because I have worked at least 30 hours a week since I turned 17.

      That said, my plans do not include collecting $1 of Social Security.

      Only FICA income is counted towards Social Security points. Rental income is not counted
      Aug 18, 2018
    • Partners HealthCare Phjb86
      Got it. So you’ll still be able to collect it. And that adds a number of years for you if you need it.
      Aug 18, 2018
    • EY / MgmtiMTe34
      Oh li in h xxvv ml h OP 3eo ml by nmjno99 mp lkkki kook or jmpobcljvljhlmp k9v3499 9 hi v ml BMI oon kjk ok knppk3yh9 is nk p.k n on h GB
      Aug 18, 2018
    • New DuQvV7x
      Bless your heart, child, but I have no clue what that means.
      Aug 18, 2018
  • Yahoo Whtvr
    After reading all the comments and OP’s replies, I think the biggest risk for someone who wants to FIRE here in the US is the health care expenses. The US sucks (say that as a US citizen). I saw this New Zealand guy’s talk on TedTalks on how to experience living without a job and thought to myself “he could do it because his health care is fully covered”. Did I mention the US sucks?
    Aug 18, 20183
    • Microsoft CupHolder
      Move to New Zealand then. What’s stopping you
      Aug 18, 2018
    • Lending Club sparky3000
      It’s been an hour already. Why haven’t you moved to New Zealand you Puss?
      Aug 18, 2018
    • New DuQvV7x
      I will be less harsh in my critique.

      The health care system does give me pause.

      I hope it improves because many lives (literally) hang in the balance.
      Aug 18, 2018
  • Dell / EngC64Lyfe
    Congrats! Or as we say in the FIRE community, gfy!
    Aug 17, 20181
    • New DuQvV7x
      👊 Thanks. I’m active on /r/financialindependence & /r/fatfire
      Aug 17, 2018
  • Uber / OtherGinNCronic
    Also, I have to say, your path seems a lot more complex than usual. But what do I know..
    Aug 17, 20181
    • New DuQvV7x
      I don’t have a good comparison. 20 years ago when I planned to retire early FIRE was not a thing. I’m glad it is now.

      Complexity is a relative beast. I would have loved for it to have been simpler. I could have slept a bunch more than I have.
      Aug 17, 2018
  • Microsoft / EngPhoenixAZ
    I'm 28 and how do I start ?
    Aug 17, 20181
    • New DuQvV7x
      There’s a lot of material on /r/financialIndependence. The first step is determining if it’s what you want and a time goal, then a number goal.

      Then of course a plan to get there...
      Aug 17, 2018
  • Amazon / EngRiemann
    Would you have been better off just buying the S&P 500, or did all the leverage (I assume) work out better?
    Aug 17, 20181
    • New DuQvV7x
      [This is OP] In my case, no. Not by a long mile

      Edit: Answered in greater detail further down with a specific example.
      Aug 17, 2018
  • Yahoo Whtvr
    You said you live frugally. How frugally? Do you travel? Buy nice things? Go to the opera? What is your biggest money sink? You are single but seem to enjoy sex. How do you find women who want to have sex regularly without wanting the marriage commitment?
    Aug 17, 20185
    • New DuQvV7x
      My cash burn is $40k/year. That’s frugal to me but I know that median income is $58k/household so... frugality is relative.

      Opera? Seriously? No, I wouldn’t do that to my worst enemy.

      “But enjoy sex” I hope this isn’t just for single people. It’s a human trait.

      Did I mention I’m 44? I’m not chasing after 20 year olds. I have a coterie of lady friends with shared interests. Most have been through at least one marriage.
      Aug 17, 2018
    • Yahoo Whtvr
      I see. Appreciate your reply. I can kind of put together your life style now—have a friend kind of like you. I don’t live extravagantly but I do need “things”
      Aug 18, 2018
    • Yahoo Whtvr
      Also, I’m guessing your lady friends are either divorced with no intention of getting stuck in a marriage again, or still in a marriage but tired of it
      Aug 18, 2018
    • New DuQvV7x
      Fully out of the marriage or separated. I’m in Indy, you don’t go messing with OPP here because people carry guns.

      I’m allergic to (recently fired) bullets.
      Aug 18, 2018
    • Yahoo Whtvr
      Haha ok. Here in the SF Bay Area people do mess around with married women
      Aug 18, 2018
  • Uber / OtherGinNCronic
    What do you think of P2P lending as an income vehicle? Lending Club is averaging about 17% returns right now I understand.
    Aug 17, 20184
    • Square / Engnom🍔
      17% before writeoffs, you're lucky if you get 8% eventually.
      Aug 17, 2018
    • Uber / OtherGinNCronic
      Well, I guess 8% isn’t a major headline but it’s better than a diversified stock portfolio at typically 7%, right? I wonder what OP is averaging as returns for his RE rental portfolio
      Aug 17, 2018
    • Square / Engnom🍔
      It's another piece of diversification.

      Rral estate in aread like Op's can bring in similar rates after expenses, the big money is in the appreciation. Lendingclub is nice, but doesn't have tgat component.
      Aug 17, 2018
    • New DuQvV7x
      I’m not a fan of P2P lending.

      Lending Club had soooo much promise but got very greedy. I used them for a bridge loan before (I needed to buy something for $150k cash). I got $50k in 3 days at 5%.

      5 years later I returned and this had jumped to 11%. DF?! Hard money lenders do 8%.

      [soapbox] There should be a short term liquidity product for RE investors similar to commercial paper. Sometimes I get a call from wholesalers who would sell you a property for a 30% discount if you can close in 5 days. I don’t have 300k cash sitting around and I had always hoped the P2P market could morph into this. Sadly it hasn’t.

      Except maybe SoFi. But I don’t know a lot about them yet
      [/soapbox]

      Also @square is is right on the money!
      Aug 17, 2018
  • Pinterest uNRg01
    You are probably lot more likely to be bored than broke in future
    Aug 17, 20182
    • Dell / EngC64Lyfe
      FIRE just means you get to build what you want without worrying about your bills or your boss.
      Aug 17, 2018
    • New DuQvV7x
      There’s very little chance of being bored honestly.

      There’s a list on here of all my side hustles for the last 20 years. My big fear is falling back into a pattern of working multiple gigs when I should be doing squats.
      Aug 17, 2018
  • New DuQvV7x
    [small rant]
    I’m EST based and it’s waaay past my bedtime. I hope I answered everything so far. Still not sure why Blind locked my initial account. I don’t troll or shitpost. Life is too short for either.

    Anyways, thanks for participating.

    @TeamBlind J’accuse...!

    [/small rant]

    Oh, and a little bit of what’s GML at the mo: https://youtu.be/mSgnC5eQ5u0
    Aug 18, 20180
  • Facebook ohben
    What medical insurance do you have?
    Aug 17, 20188
    • New DuQvV7x
      I quit in May. I’m on COBRA till it runs out. Then ACA.

      The demise of ACA would impact me. I have pre-existing conditions. If ACA falls I have considered Massachusetts & Toronto in that order.

      Or re-entering the workforce just to get insurance. That would suck.
      Aug 17, 2018
    • Fitbit cdUr66
      Lol you aren't Fired
      Aug 17, 2018
    • Facebook ohben
      Health care is really employment catalyst
      Aug 17, 2018
    • Facebook ohben
      OP, you probably can drive uber part time to get insurance
      Aug 18, 2018
    • New DuQvV7x
      I noted this in one of the other answers as an option to consider if ACA goes away.

      Starbucks baristas qualify for insurance at 20 hours also.
      Aug 18, 2018
    • Cisco / EngJohnC4
      Why Massachusetts? I am close to FIRE myself (hello from Canp One More Year) and also have pre-existing. Nothing major but I’m old enough to remember the situation with rescission.
      Aug 20, 2018
    • New DuQvV7x
      MA had the ACA at the state level. They will likely continue it.
      Aug 20, 2018
    • Cisco / EngJohnC4
      I’ll keep that in mind if ACA goes.
      Aug 23, 2018
  • Microsoft AnotherOn
    From where? Did you 🥊 your boss when you left?
    Aug 17, 20183
    • New
      DuQvV7

      New

      BIO
      Mehy
      DuQvV7more
      OP
      From “New” and no, I’m not a dick. I love the people I worked with.
      Aug 17, 2018
    • Microsoft AnotherOn
      Sorry misread the OP
      Aug 17, 2018
    • Facebook IKTz24
      Lol
      Aug 17, 2018
  • Salesforce BUjF63
    Congrats on being FIRE’d. Can you share what years you hit intermediate milestones of 1M, 2M, 3M?
    Aug 19, 20182
    • New DuQvV7x
      Certainly

      1m: 33
      2m: 37
      3m: 41
      4m: 43 (ish)
      Aug 19, 2018
    • Wells Fargo qUyB01
      Nice just like clockwork 👍 have to say you have a lot of patience with some of the nonsensical comments trolls post here. Good for you, very zen like!
      Oct 23, 2018
  • Facebook tGTv63
    Now go duck your self
    Aug 17, 20181
  • Facebook ohben
    How much do you make on day trading?
    Aug 17, 20181
    • New DuQvV7x
      A pittance. 11k since June.

      I would have made a ton more just putting my money on AMZN [or shorting FB :) ]

      But I don’t do this for income. I get to watch Bloomberg in the gym and day-trade between squats.
      Aug 17, 2018

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