I FIREd this year at 43. AMA

New
DuQvV7

New

BIO
Mehy
DuQvV7more
Aug 17, 2018 398 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 398 Comments
  • Snapchat Evan
    What’s your net worth.
    Aug 17, 2018 31
    • 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

      GE Eng

      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, 2018 10
    • 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, 2018 20
    • 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, 2018 6
    • Google wumbo
      He may fuck himself, or he may not - for he FIREd. Good for you DuQvV7.
      Aug 17, 2018
    • Upgrade / Mgmt
      Goosebumps

      Upgrade Mgmt

      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

      New Other

      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, 2018 14
    • Bloomberg / Eng 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 / Eng 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

      Expedia Other

      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, 2018 30
    • 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, 2018 3
    • Snapchat Evan
      He wasn’t. He did.
      Aug 17, 2018
    • Facebook IKTz24
      Lol
      Aug 17, 2018
    • Upgrade / Mgmt
      Goosebumps

      Upgrade Mgmt

      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, 2018 8
    • Amazon / QA Gzi31
      😂😂
      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

      Google Eng

      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, 2018 15
    • 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

    SquareTrade Eng

    PRE
    SurveyMonkey
    Vjqw70more
    How much did you save per year? From which source of income? Job, dividends, investment, side gig?
    Aug 17, 2018 9
    • 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 / Eng Goivenglav
      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 / Eng pwy51b
    gfy
    Aug 17, 2018 1
    • New
      DuQvV7

      New

      BIO
      Mehy
      DuQvV7more
      OP
      👊
      Aug 17, 2018
  • Twitter Hfbjr4
    What are you going to do now?
    Aug 17, 2018 7
    • 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 / Eng desu
      Daytrading? Real estate?
      Ever posted on /smg/?
      Aug 17, 2018
    • Hack Reactor dkgjs3647
      What's /smg/?
      Aug 17, 2018
    • Capital One / Eng desu
      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
  • 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, 2018 2
    • 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
  • Microsoft HalJordan
    Do you have kids? Are you not planning to leave an inheritance for them?
    Aug 17, 2018 7
    • 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 / Eng Felinefine
      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 / Eng
    sergey

    Google Eng

    BIO
    Top Contributor or GTFO
    sergeymore
    Would you regret anything if you find out today that you will die in 3 months?
    Aug 17, 2018 2
    • 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, 2018 0
  • eBay / Eng
    DiscoGuy

    eBay Eng

    PRE
    Microsoft
    DiscoGuymore
    Where are you located? Are you planning to move?
    Aug 17, 2018 6
    • 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 / Mgmt AsdfFdsa?
      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

    Amazon Other

    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, 2018 8
    • 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 / Other qSXN35
      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, 2018 11
    • Google / Eng
      tSWH20

      Google Eng

      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!x Eng

      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, 2018 7
    • 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