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Holy moly, what kind of comment is this for someone you've never even met?! Looks like there's no escaping the Internet Marriage Police. For everyone else reading this, including the majority people who do go through divorce: don't let the shame and blame tactics of random commenters on TH-cam bring you down. Those of us who have been through it and come out the other side know that although it's not always the easiest choice it's quite obviously the right one. Don't let social or religious pressure keep you in a relationship that is abusive or not salvageable for any other reason - there's no shame at all in living life the way that is right for you. And your kids - remember they don't care about your relationship status, they care about their lives. So focus on that by minimizing fighting and making sure your separate households are close enough together to continue their happy and peaceful upbringing.

@@MrMoneyMustacheChannel it was her choice to share the story in a public forum, so the audience has every right to comment, especially seeing how she wants to be a coach now. A student has every right to be aware of their coach's qualifications.

@@alk672 I believe unprocessed grief is the fuel of all judgment. Behind every bigot is a broken heart. Because we have no spaces to grieve and be witnessed in our pain, we take it out on ourselves and one another. So many walk around mistaking wounds as mouths, speaking from their pain, not even knowing they are hurting. It is easier to demonize than it is to feel the pain. It is easier to say that I am wrong than it is to confront the intimate judgment right there in your heart from the pain you refuse to see. But I have hope because I and so many of us did not choose the easy road. And what we found on the other side is The kind of love that we were seeking all along. Divorce is many things. Among them, it's a grief ritual. One in which we mourne who the world wanted us to be, and become and welcome who we were meant to be.

Seems fine to me

Possibly. At what time stamp?

@@CampFI7:37

I have watched a number of Sean's videos. Technically, you should compare marginal dollars deferred with effective-marginal dollars coming out. I add the term effective because things like social security can create a higher tax rate than your "on-the-book" marginal rate. With that said, I think Sean has a great message which is: 1. Once you contribute or convert a Roth dollar, you have ended your planning 2. Any model you use is almost certainly not correct years later Therefore, you need to measure in broad strokes and effective tax rate gives you a "flavor" of how your taxes will likely look. I think he also presents this way to combat the fear of other financial personalities who encourage very high-tax bracket earners to contribute Roth or nothing. --- Now for the math on a static example, take a married couple that takes 48k ss and 20k from a trad-ira. For 2025, they will pay no taxes (even under 65). However if you add 30k of income they will pay 5700 of taxes. 5700 / 30000 = 19% effective-marginal rate even though they stay in the 12% bracket because it pushed their ss into taxable territory. Here is a little script I wrote to demonstrate this for educational value only: > fin/cash-ret.py --year=2025 --income=20000 --ss=48000 --add-inc=30000 > year:2025 status:mfj income : 20000.000 + ss_taxable : 6000.000 = income_taxable : 26000.000 fed_tax : 0.000 fed_tax_breakdown vs-effective-marginal (adding 30k of extra withdrawl from ira) income : 50000.000 + ss_taxable : 31500.000 = income_taxable : 81500.000 fed_tax : 5703.000 fed_tax_breakdown 3318.00 ( 27650.00 @ 0.1200) [ 45450.00 space-left] 2385.00 ( 23850.00 @ 0.1000) [ 0.00 space-left] fed_tax_eff : 0.058 (5703.0 / 98000) fed_tax_diff_mgn : 0.190

So with the above example although their effective-marginal is 19% w/ 30k extra withdrawal, their effective tax rate still is 5.8% so even if they deferred _all_ their dollars at 12%, while not optimum (using "false precision") - they are by no means "crushed by taxes."

Hi there! At first I packed up my personal belongings and moved them into a small storage unit. When I realized I would be committing to a longer, unfurnished rental, I downsized my furniture, completely moved out (into a larger storage unit), painted, etc. As far as profit, I am making a moderate profit on the monthly rate, but will take awhile to break even as the first month’s rent went to realtor fees. While I don’t love paying for long-term storage, this was the right move for me at this point in my life. Best of luck if you’re considering taking the leap!

Thanks for the reply! I am more interested in your experience with furnishedfinder, leaving your stuff for those 3 months and being able to rent it out yourself for a profit ?

Great presentation. Thanks fir sharing

Thanks @tythepunter! OMY syndrome is very much a real challenge for many even though it wasn't for me. I think it might be most helpful to try and drill down to why OMY is a particular challenge for you. I would suggest starting with a Seven Whys. Why do you feel the need to work OMY? Etc. I find that most OMY people arrive at an emotional answer (feelings) vs a spreadsheet driven answer (dollars). Good Luck and let me know how I can help! 👍

Thanks @FIRE_DrNinjaTurtle! BTW, love your screen name. There is a really an amazing amount of information on the CampFI channel. I would highly recommend attending one of the CampFI events. The value they offer is fantastic. The one-on-one conversions with attendees are a particular highlight. Let me know if you choose one of the Florida ones. I would love to say hi! 👍

@@TheCrusher_StanKwak I will be there one day. I am traveling so much in early retirement that I have not settled down yet. I am in Alabama so I will be at one the Florida CampFi events.

I really like his work. His TED talk is amazing! 👍

Thanks @rpjordan! I actually wish I had bought that shirt when I first saw it. 😁 I agree with you regarding people being so quick to focus on potential pitfalls. Unfortunately this type of negativity is increasingly popular throughout the world. Like you, I ran the numbers a zillion different ways to make sure we would be likely fine. Of course there is no 100% guarantee. I think part of the challenge is people want a 100% certainty button and those do not exist in the world. Good luck on your journey! Let me know how I can help! 👍

Thanks @brian7110! We were late to look at our spending but I am happy to report that doing so allowed us to catch up and spend much more mindfully. And we absolutely spend. 💰 Great to hear that you are in the early stages of your journey! This is a very exciting time. If I can help in any way, let me know. 👍

Curious what numbers he didn’t show that you would have liked him to. He did show numbers.

There are endless talks about FI with numbers and we all have heard the "Shockingly Simple Math" talk a million times. He likely just used percentages to be modest. Valuable talk and funny take on certain aspects of FIRE!

Thanks for the feedback @bryansmith2824. Sorry to disappoint. I am guessing here a bit since you did not specify which numbers you wished I had included. I suspect it might be the net worth data near the end of the talk. I was actually not trying to be coy as I thought the percent growth was more helpful. To add context our net worth in 2012 was $914K. This is inclusive of our primary residence but did not include any savings we set aside for our son's college education. When we retired in April of 2022 our net worth was just under $3.1M. Hope this helps. If you are looking for more, just reach out to me. 👍

Thanks@@brian7110! I appreciate the feedback! 👍

Thanks for the feedback @bryansmith2824! I am happy to share any numbers that I did not already share. I am not exactly sure which additional numbers you wanted since you did not specify in your comment. I suspect you may be looking for dollar figures for our net worth growth. If so, no problem. Our 2012 Year End Net Worth was about $915K inclusive of our primary residence but excluding any money that we had put aside for our son's college expenses. When we retired on April 1st, 2022 our Net Worth was just under $3.1M. Hope this helps add clarity. If I can help in any other way, please let me know. 👍

Thanks @BSGSV! I appreciate the feedback. I do truly believe that Savings Rate is by far the most important item to focus on that is within your control. Focus is the key word. Focus and ignore the noise. And yes, it is much more a marathon than a sprint. 👍

Frees up so much brain space to not fuss over every category!

@@stephonee Yes. While this method ensures responsible living, the caveat is that this method has the potential to waste large amounts of cash if one doesn't value wealth building over spending. One must think of money NOT as a tool to "get what you REALLY want" and rather as a precious resource that can make you money and provide security in future.

Thank you

Same here, I wish I was able to take advantage of a HSA earlier as well. Better late than never though.

@@marksmoneymind I am maxing out every retirement that I have access to. I teach at three colleges and I am trying to max out the 457 at one school and Roth 403B at another school. I do not make enough at each school to max it out at 30k for each account, but my goal to put 100% of my teaching income into the retirement accounts.

Great observation. Thank you for clarifying that.

Thank you. It was a tough subject to cover in such a small time frame. Hopefully, this was a good summary to enable people to dive deeper into the areas that may apply to them.

Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert.

The issue is people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt. Ideally, advisors are reps for investing jobs, and at first-hand encounter, my portfolio has yielded over 300% since 2020 just after the pandemic to date.

@@Markjohnson09 Glad to have stumbled on this comment, Please who is the consultant that assist you and if you don't mind, how do I get in touch with them?

I'm cautious about giving specific recommendations since everyone's situation varies, but I've worked with Marisa Michelle Litwinsky` for years and highly recommend her. Look her up to see if she meets your criteria.

@@Markjohnson09 Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.

I retired at about the same time as Justin & have been following his story since 2014, he has everything detailed on his website as far as his salary & annual investment amounts per year in a post named zero to millionaire. Yes, the portfolio is from investments of the income of him & his wife. Also his wife worked for 3 years after he retired, so technically he was a stay at home dad of a family living on one income during that time. But it still quite an accomplishment for them to retire in their mid 30s with 3 children by a high saving rate & investments based on 2 fairly average salaries.