tag:blogger.com,1999:blog-6587699706949333863.post3485246109624204136..comments2024-03-27T23:39:33.499-05:00Comments on Passive Income Pursuit: Net Worth Update - September 2013Passive Income Pursuithttp://www.blogger.com/profile/13947101854482544346noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-6587699706949333863.post-26960804477987504952013-10-07T20:10:58.620-05:002013-10-07T20:10:58.620-05:00Mrs. PoP,
I work in the oilfeld currently. Oilfie...Mrs. PoP,<br /><br />I work in the oilfeld currently. Oilfield cash baby! Once I reach FI I haven't decided for sure. It will probably depend on where my wife and I are at. Part of me wants to just be a stay at home dad because I grew up in a single parent household so ireally want to be there for our future kids. Another part wants to be a teacher because there's not many more nobler professions than educating the future leaders of our country. Of course I've also thought of getting my CFP license and doing financial education/counseling. The main thing is that I want something that will give me more freedom. I'm gone from home a lot for work right now and I know I can't do that forever. Obviously I have several ideas running through my head but I still have some time to figure it out.<br /><br />Thanks for stopping by!Passive Income Pursuithttps://www.blogger.com/profile/13947101854482544346noreply@blogger.comtag:blogger.com,1999:blog-6587699706949333863.post-22561951564527116332013-10-07T19:47:20.405-05:002013-10-07T19:47:20.405-05:00Fabulous progress. An 80% savings rate is pretty ...Fabulous progress. An 80% savings rate is pretty amazing. Do you mind if I ask what you do for work now and what you're planning on focusing on after you reach FI? Which will clearly be sooner rather than later... =)Mrs PoP @ Planting Our Pennieshttps://www.blogger.com/profile/03092406694266872975noreply@blogger.comtag:blogger.com,1999:blog-6587699706949333863.post-29454172301444698792013-10-07T13:09:21.122-05:002013-10-07T13:09:21.122-05:00FFDividend,
I've been wanting to make it up ...FFDividend, <br /><br />I've been wanting to make it up to Chicago for the past few years but things just haven't worked out. I'm thinking the time to do that for this year is pretty much done because I'm don't want to deal with snow and cold so maybe next summer my wife and I can head up there. Vacations are horrible for the diet but the food is always so good and you get to experience other local flavors.<br /><br />Thanks for stopping by!Passive Income Pursuithttps://www.blogger.com/profile/13947101854482544346noreply@blogger.comtag:blogger.com,1999:blog-6587699706949333863.post-69573052505961736032013-10-07T12:37:15.646-05:002013-10-07T12:37:15.646-05:00I'm glad to hear that it has been a great year...I'm glad to hear that it has been a great year for you. keep it up.<br /><br /><br />I went to Chicago for 5 days. Very expensive city. Had to rent a car and parking was a killer. $20-$40 every time I had to get out of the car. However, I had a blast. It was a great experience, and I gain 4-6 lbs with all the great local food. lol but since then I got rid of the pounds and back to were I was before the trip. I hit the gym 4-5 times a week, so I let lose on the trip.<br /><br />thanks for asking. :)FFDividendhttp://ffdividend.blogspot.com/noreply@blogger.comtag:blogger.com,1999:blog-6587699706949333863.post-60890107130598463132013-10-07T11:28:43.856-05:002013-10-07T11:28:43.856-05:00Sam,
I really wish I had picked up some property...Sam, <br /><br />I really wish I had picked up some property earlier to use as rentals. The opportunities aren't quite as fruitful and abundant but they're still out there. To be fair the 83% savings rate is a little high from a pure savings standpoint because I do save some money for vacations/car insurance/car maint repair that I include in my savings rate calculation since it is technically savings. So that would shave a few percentage points off the rate but I also have 8% that is withheld after tax for my ESPP that I don't account for. <br /><br />I'll turn 30 in January and average 77% in 2012 and about 66% in 2011. So about 3 years now although my income was much lower and I still had some debts to payoff in 2011. I'm hoping to push my income even higher to help offset the increased expenses for the house. <br /><br />Looking forward to the post. I've been thinking about how switching from saving 80%+ of my income to probably 15% in FI/ER is going to be hard. The change in mindset will be difficult to get over because I know now that if there is some big expense that was truly unforeseen I can make up for it the following month due to my high income. Not so much when you don't have an income source later. Although I still plan to work in some form or fashion once I reach FI, just not at my current job. <br /><br />Thanks for stopping by!Passive Income Pursuithttps://www.blogger.com/profile/13947101854482544346noreply@blogger.comtag:blogger.com,1999:blog-6587699706949333863.post-25078246063379666312013-10-07T11:17:19.248-05:002013-10-07T11:17:19.248-05:00FFDividend,
I think I should pass the $300k mark...FFDividend, <br /><br />I think I should pass the $300k mark unless the markets are at least stable. If we see a sustained 10% drop then I'll probably come up a bit short. I still have one more round of ESPP purchases that will come through in a few more days so that will help to push it even higher. I've gone so much further that I expected I would and it's been awesome this year, of course the markets have helped out a lot with that. <br /><br />Where'd you end up taking a vacation to? Hope you had a great time. <br /><br />Thanks for stopping by!Passive Income Pursuithttps://www.blogger.com/profile/13947101854482544346noreply@blogger.comtag:blogger.com,1999:blog-6587699706949333863.post-19819882912931056312013-10-07T11:14:20.423-05:002013-10-07T11:14:20.423-05:00Wow! A 83% after tax savings rate is outstanding! ...Wow! A 83% after tax savings rate is outstanding! I think the most I ever got was 75% as I have a tendency to buy large ticket items whenever I make more money e.g. property.<br /><br />How long have you been saving at such a high rate and how old are you now?<br /><br />Get's me motivated to save a lot again even though I retired already. Pretty counter productive and I've got a post lined up about this weird scenario.Financial Samuraihttp://www.financialsamurai.comnoreply@blogger.comtag:blogger.com,1999:blog-6587699706949333863.post-61903306249292860542013-10-07T10:30:57.010-05:002013-10-07T10:30:57.010-05:00You are going to blow pass the net worth of $300k ...You are going to blow pass the net worth of $300k by the end of the year. I hope to be able to say the same in 5 years. :)<br /><br />I spent a lot because I took a vacation last month, but from now till the end of the year It is high saving mode!!<br /><br />good luck!!FFDividendhttp://ffdividend.blogspot.com/noreply@blogger.com