tag:blogger.com,1999:blog-2875915890415125655.post2951784396019026608..comments2023-05-18T10:37:34.608+01:00Comments on <a href="http://www.retirementinvestingtoday.com">Retirement Investing Today</a>: Errors everywhere but I did get one thing rightRetirementInvestingTodayhttp://www.blogger.com/profile/03088383743670046657noreply@blogger.comBlogger19125tag:blogger.com,1999:blog-2875915890415125655.post-81638082762909783242016-06-08T10:31:09.346+01:002016-06-08T10:31:09.346+01:00niceniceAnnahttps://www.blogger.com/profile/05734220215058808818noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-84009374566695262522016-04-01T12:21:19.975+01:002016-04-01T12:21:19.975+01:00I've recently found this blog and consider it ...I've recently found this blog and consider it a very useful resource. Keep up the good work RIT.<br />Here is my FIRE story. I'm 50 this year.I grew up in London did an arts degree at uni took a safe job in the Uk public sector, got a master’s degree 3 years part time and did reasonably ok but nothing special in my early career. I had no FIRE plan.<br />In 1993 we bought a semi in a Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-35659955263888630772016-03-26T14:51:21.045+00:002016-03-26T14:51:21.045+00:00The key thing is to start the process and then any...The key thing is to start the process and then any assumptions can be tested and reviewed and changed over time.<br /><br />I would say that 5%+ real equity returns and a 4% SWR (from 4% natural equity yield) are still working assumptions for me.<br /><br />I think those earning and saving less but over a longer time will more likely get 32% from savings and 68% from investment returns, rather Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-70991386205254665052016-03-24T22:50:27.175+00:002016-03-24T22:50:27.175+00:00Hi John
Interesting that you mention that you'...Hi John<br /><br />Interesting that you mention that you're not 'trying to escape anything' because I'm the same. Whilst I don't love my job and despte there being the possibility that my job could be at risk at some point in the next year or two, I like my job and I like the people I work with. I even like my boss! <br /><br />But because I know this isn't always going toweeniehttps://www.blogger.com/profile/01602950445306813601noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-75145508382691422742016-03-23T12:53:53.004+00:002016-03-23T12:53:53.004+00:00Hey RIT. As someone who bought property in the UK ...Hey RIT. As someone who bought property in the UK in 2014 after years of sitting out the market for fears of a crash, I can say the reason I did finally buy was I examined why I'd been wrong all the time I'd waited. I could write an essay on this but it boils down to two sides. Government intervention and me not doing my planning correctly. <br /><br />The first was out of control, and I mwpthttps://www.blogger.com/profile/00130860121960338694noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-7621230159737807692016-03-21T13:38:47.875+00:002016-03-21T13:38:47.875+00:00@Anon - could I ask what job you have that pays 15...@Anon - could I ask what job you have that pays 150k net?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-80728173726709896972016-03-20T11:44:57.783+00:002016-03-20T11:44:57.783+00:00Thanks for the hat tip there. I too very much enj...Thanks for the hat tip there. I too very much enjoy the musings of the ermine (with the added bonus of some very good rants).RetirementInvestingTodayhttps://www.blogger.com/profile/03088383743670046657noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-16642773849234685462016-03-20T10:24:55.575+00:002016-03-20T10:24:55.575+00:00Too many PF blogs are about one parameter. Be frug...Too many PF blogs are about one parameter. Be frugal! Be a super investor! Reduce fees/tax! Save hard! Maybe that's human nature, look at diet approaches for instance. I much prefer the intelligent introspection of an RIT or an eccentric soliloquy from a Suffolk ermine. Maybe it's a British thing. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-67742332827398751312016-03-20T10:09:10.068+00:002016-03-20T10:09:10.068+00:00What a great reply. I've mentioned we're ...What a great reply. I've mentioned we're all different many times in the past but I very much like your succinct mathematical analogy. It is so true.<br /><br />I also agree with you on the risk front. I've been challenged a few times in the past about my 'low returns'. I also see PF bloggers out there who are claiming to be 'retired' who are 100% in equities. I RetirementInvestingTodayhttps://www.blogger.com/profile/03088383743670046657noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-79919356454490848412016-03-20T09:42:17.413+00:002016-03-20T09:42:17.413+00:00Hi RIT. I look at retirement planning as a sort of...Hi RIT. I look at retirement planning as a sort of Drake Equation. A bunch of multiplicative factors where there is no right answer and we all have our own personal values for the parameters. There are not many parameters needed. Earnings, satisfaction appetite, risk appetite, spendings, time. Maybe education/learning. Trade each for the other. Twiddle the knobs. <br /><br />I'm happy to Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-91737231875780239092016-03-20T08:48:29.255+00:002016-03-20T08:48:29.255+00:00Agree that increasing earnings can be difficult bu...Agree that increasing earnings can be difficult but I also think it's possible with both mindset and hard graft. I think you actually need both of them to do well, certainly if 'working for the man'. One won't get you there. Once you get yourself into the top 10% of your peers at any level within an organisation I've always been amazed at how quickly doors open.<br /><br />RetirementInvestingTodayhttps://www.blogger.com/profile/03088383743670046657noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-75531513360103919062016-03-20T08:38:18.101+00:002016-03-20T08:38:18.101+00:00Same age but more net worth - impressive. Either ...Same age but more net worth - impressive. Either you started earlier (which I wish I had have done) or you've found something that works better at building wealth. Are there any main differences between your approach and mine?RetirementInvestingTodayhttps://www.blogger.com/profile/03088383743670046657noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-85846503031555426842016-03-20T08:35:39.419+00:002016-03-20T08:35:39.419+00:00I'm sure I'll be able to give more detail....I'm sure I'll be able to give more detail. Please don't wonder to much though as you might be disappointed given it's really not that exciting when compared to some peoples careers/jobs :-)RetirementInvestingTodayhttps://www.blogger.com/profile/03088383743670046657noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-66076709128511288152016-03-20T08:33:21.357+00:002016-03-20T08:33:21.357+00:00Thank's for the views John's. I really am...Thank's for the views John's. I really am not in a situation to comment about the different approaches as unlike yourselves who have 'worked for the man' and 'worked for yourselves' I've only ever done the former. I can however add a bit more flavour:<br />- I wouldn't say I don't enjoy the job itself, in fact some projects can be incredibly rewarding. What RetirementInvestingTodayhttps://www.blogger.com/profile/03088383743670046657noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-4425208869859112862016-03-19T12:25:14.913+00:002016-03-19T12:25:14.913+00:00Thanks for the post, RIT. My investment aims have ...Thanks for the post, RIT. My investment aims have been all over the place for the last two decades (life changes) and I have made many mistakes (just about the first thing I ever did was to buy direct from a fund manager - I had no idea that I could get a discount through a middleman). However, a key thing which I think is the most important thing, regardless of what investment criteria you Jim Fnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-86304970006833177932016-03-19T12:14:41.250+00:002016-03-19T12:14:41.250+00:00Interesting position John and one which resonates ...Interesting position John and one which resonates with my own journey.<br /><br />I guess there are the two basic choices - head down, work hard in a job you don't really enjoy and build up your savings/investment wealth to a level where you can escape.<br /><br />Then, as you have done, choose some form of work which gives some personal satisfaction which I guess would be less stressful and diy investor (UK)https://www.blogger.com/profile/05649975918886866788noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-89220622105330076932016-03-19T10:23:40.368+00:002016-03-19T10:23:40.368+00:00Hi RIT, what I find interesting about this post is...Hi RIT, what I find interesting about this post is the "working for the man" mindset. I guess that's fairly common, perhaps especially in jobs that are not intrinsically rewarding.<br /><br />If I think about it I suppose I can see the link between going to school because your parents tell you to, and then going to work because that's what you "have to" do. Working forJohn from UK Value Investorhttp://www.ukvalueinvestor.comnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-10007471220191669552016-03-19T09:56:32.805+00:002016-03-19T09:56:32.805+00:00What a great post. It's always good to look ba...What a great post. It's always good to look back occasionally, as well as forward. <br /><br />I have a spreadsheet I created 6 years ago that planned a 12 year sprint to retirement, and only looked at a couple of times since. I'm still on track versus what I planned then for 2016.<br /><br />I found: I lost confidence in a 4% SWR (now 2.7%); I got married and had a child, unexpectedly, Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-3553253390071783592016-03-19T09:50:18.176+00:002016-03-19T09:50:18.176+00:00Maybe you need to do a post on your general views ...Maybe you need to do a post on your general views an attitudes to life. How you deal with certain situations etc. How they have changed from the 2007 self to your (almost) fire self.<br /><br />The finance side and approach makes a lot of sense, but increasing your earnings can be the really hard part. And that can be a factor of your approach to life.<br /><br />I feel my earnings are a real Anonymousnoreply@blogger.com