Ether to FI: Moving Targets & a Net Worth Update Story

Ether to FI: Moving Targets & a Net Worth Update

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I can identify. For example, when I discovered we were financially independent, I wasn’t ready to retire just yet. I decided to shoot for a net worth goal of 40x to 50x our annual spending.

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Later, I realized that would be overkill and figured I’d be in great shape with 33x and a 3% withdrawal rate. With great returns in 2019, we ended up at that original target anyway. Moving targets.

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Ether to FI: Moving Targets & a Net Worth Update

Our Current Net Worth Goal

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If I retire with “too much” money, I will not shed any tears. The opposite will not hold true if I retire with too little. There is a high likelihood we will need less than $4.95 million in assets to generate $150k per year in passive income.

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Our use of debt has gone full circle. I started the FI journey through the lens of Dave Ramsey. I was an advocate of zero liabilities. I did not hold credit cards, and I was debt-free.

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Now I have a personal mortgage, I credit card hack, and I am planning to take on debt for real estate investments. How did we get here? Travel was the catalyst that changed my status on the use of debt.

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SWIPE UP NOW TO READ MORE

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Ether to FI: Moving Targets & a Net Worth Update

I can identify. For example, when I discovered we were financially independent, I wasn’t ready to retire just yet. I decided to shoot for a net worth goal of 40x to 50x our annual spending.

Later, I realized that would be overkill and figured I’d be in great shape with 33x and a 3% withdrawal rate. With great returns in 2019, we ended up at that original target anyway. Moving targets.

Ether to FI: Moving Targets & a Net Worth Update

Our Current Net Worth Goal

If I retire with “too much” money, I will not shed any tears. The opposite will not hold true if I retire with too little. There is a high likelihood we will need less than $4.95 million in assets to generate $150k per year in passive income.

Our use of debt has gone full circle. I started the FI journey through the lens of Dave Ramsey. I was an advocate of zero liabilities. I did not hold credit cards, and I was debt-free.

Changing Attitudes Towards Debt

Now I have a personal mortgage, I credit card hack, and I am planning to take on debt for real estate investments. How did we get here? Travel was the catalyst that changed my status on the use of debt.

SWIPE UP NOW TO READ MORE

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