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Early-Retirement Update

livingafi.com

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Re: Early-Retirement Update

#3
I "retired" for a month, first two weeks I was so bored just exercising and consuming content, then got kind of depressed, and wound up making plans to start a new business. Then I took a new role at a startup and went back to the grind. I came to the conclusion I just can't stop working. If it isn't for a company then I'd probably start a non-profit and build a new thing that is more idealistic. My dad was the same way, after 6 months of being retired, smoking weed, and playing videogames he got a job at a golf course - free golf and shoots the shit with a lot of people. Work gives purpose in life, IMO.

Re: Early-Retirement Update

#4
TLDR: life can change in ways that mess with your expectations, therefore better be prepared. Also: FI on bare basics may seem like a great idea until (1) your spouse leaves you or (2) you get ill or (3) both.

So sorry for seeing reality catch up with you, and nice to see you admit it.

Re: Early-Retirement Update

#7
A very useful read because the author is brutally honest.

For me, while financially independent, I must have something that gets me out of bed every day - give me too much open-ended time and I wither.

I suspect that a lot of introspection is valuable in order to successfully navigate the withdrawal from typical society.

Re: Early-Retirement Update

#8
Short Version:

- LeanFIRE in 2015 (~30Kish USD annual spend)

- first couple years were great, in the third year cracks started to show

- they and their partner's goals were no longer aligned and they ended up splitting

- OP was diagnosed with a genetic condition that changed their expenses and lifestyle

- Ended up getting a job again at the end, but while "retired" their net worth actually increased by 20%

Re: Early-Retirement Update

#9
I always get a kick out of people who think they’re financially independent with such a small stash. Outside some regions with relatively extreme living conditions (e.g. undeveloped and underdeveloped countries), the amount he retired with was never going to be enough to sustain even minor shocks and last the rest of his life.

He had a minor shock (breakup) and a major shock (health condition) and realized this error early enough to have time to correct. Not everyone who follows the “leanFIRE” approach is they fortunate.

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