Vicki Robin

Briefly on a fixed income post social security you can consider purchases as % if income ie is this worth 5% of my monthly income. Many ways to approach it do what works for you

huh?

Hi Brian I am saying withdraw your 4% per FIRE common wisdom and plan to earn additional income using 1% of your nest egg as a guideline and then plan to tithe time equal to another 1% of your nest egg. It’s a way to say that we will likely work for money post FI to keep creative and will surely work for love as well. We don’t just walk out of a job and onto a beach and call that a life. IMHO

How wonderful to see you show up here Joseph! I’m trying a variety of ways to shine a light on what seems missing for me in the FIRE formulation which focuses on hyper savings and hyper earning for a finite period of time (as with YMOYL) but is largely mum about the fulfillment and alignment questions and any encouragement to imagine what one will do with 3-5 decades of free time. And the strain of rigidity about FI being a bright line between paid employment and never getting money for anything you do in the future. I think the metaphor i used has added more confusion than clarity and i’m going to try to remedy that.

Thanks for this suggestion. I think I was making a good set of points in the wrong way because the 4% (or 3% or 3.5%) SWR is so foundational to the FIRE community. I’m going to try to remedy it with some edits and a wee introduction to the post.

That sounds great! And an inspiring example of what I was getting at in the post.

Well that is intriguing. Paid too much? Few would say that. I’m not suggesting you ever ever go back to doing something you hate for money once you’ve achieved FI, but many people do make money in their post FI years, sometimes accidentally doing what they love, sometimes to cover a shortfall or adapt to an unforeseen circumstance (like getting married and having three kids!) or pursue a new interest that costs more than you bargained for. But to me you are still FI at least in having a clear relationship with money and hopefully a financial foundation you can count on no matter what. Maybe this will be you. Maybe not. Sounds like you are working your plan diligently

Join the facebook your money or your life community

Thank you for “getting it”! It is a challenge to lift the eyes of people in the middle of their earning sprint to the opportunities of post FI, but it seems my best role in this movement. There are a thousand, at least, bloggers helping on the earning sprint. Few with the privilege of entertaining the “what makes life worth living?” question. And yes, I do remember our conversations at Camp Mustache.