In addition to this, are there obvious pros/cons to doing after tax 401K contributions? The Mad Fientist's powerful credit card search tool allows you to easily find the best credit cards for your specific travel needs! I’m actually planning my next round of applications so I’m interested to hear what you’re going for this time. No sign-up bonus can overcome the interest that must be paid on cc balances. I’m clearly misunderstanding the purpose of this field. Do you know, concerning the Barclay Arrival Card, if I don’t plan on spending my miles within the first year, can I downgrade to the no fee card and still hold on to my points for using later? Similiar to Fidelity. Should I sell appreciated stock up to the no capital gains tax limit and reinvest it? One that describes a typical execution of the 4 percent rule would be nice. Your portfolio will have a greater likelihood of lasting longer with a lower withdrawal rate but it will take you longer to build up enough to retire. Your net worth is made up of the value of all of your assets, including your home, car, investments and savings. Thanks and appreciate what you are doing. The application that powers all of the Mad Fientist's signup forms, email automations, etc. According to the Mad Fientist, you need to know where you are in order to figure out where you’re going. Brandon runs The Mad Fientist and writes about financial independence, the benefits of geographic arbitrage, and how travel can actually help you retire earlier. It indicates a way to close an interaction, or dismiss a notification. That is, I most likely won’t be accessing this savings for about 5-7 years, and I expect to be adding about $10,000 to it each year. Welcome to MMM Credit Card HQ! So if you and your wife each have an airline loyalty account, then only transfer your combined points into one account. I don’t really need the HSA yet for an “extra place to put money” (i.e., I haven’t managed to max out my 401k and Roth IRA in the same year yet and I am in my 2nd year of work). Then I find out what my yearly cost is for the HDHP – I’m biweekly, so I have to multiply the paycheck premium by 26. Found some CC’s that have 21 month 0% terms with a 5% transfer fee of the balance. You should have received an email within an hour of signing up to the email list that includes links to all of the free tools. FI Laboratory, Credit-Card Search Tool for Travel Hackers, FI Spreadsheet, etc.) Did you not get it? How can I obtain a copy of the spreadsheet? Track your progress to financial independence in the Mad Fientist's FI Laboratory! There doesn’t seem to be a login. I am just getting started w/ trying to figure out my years to FI. Marc. and do not review or include all credit card companies or all available credit card offers. If you sell your house and rent, your net worth will be higher but so will your expenses but if you stay in your house, the opposite. Now just check your email to confirm! Thank you. Just found this, I love your information. For example, if you have $30,000 worth of annual expenses and you plan to withdraw 4% from you portfolio to fund those expenses, you’d need to save up $750,000 ($750,000 * 4% = $30,000). I am poking around looking for info on backdoor Roth contributions. Does it expire at age 50 or does it now extend to 59 1/2? I’m 28 and have settled upon an 80/20 allocation for myself, but I just want to know how long I maintain that and how one transitions to a more conservative allocation. A small note, Mint is fairly ineffective these days (personal experience). Hi, I am really enjoying your spreadsheet. Any discusion to push me one way or the other would be helpful. Don't forget expenses that don't come monthly, such as vacations or holidays. Travel hacking is a strategy where you utilize credit card rewards, usually in the form of sign-up bonuses, to accumulate points or miles. Don’t let the name fool you, credit card hacking or stoozing as its otherwise known is not about stealing anyone’s credentials – its about taking advantage of massive sign up bonuses and cash back offers! Just set up an account and plan on putting it to use this january. web application for monitoring and managing your accounts and investments. Then forecast into next year the same thing, but this sounds like a very tedious and manual process. All of the calculators I have tried to use up to this point haven’t been helpful, they don’t account for the pensions. I’ve got about 8 years before I turn 59 1/2 and I just want to get the five year rule on rollovers to a ROTH straight before I take the time to go to a CPA. Brandon, also known as the Mad Fientist, used credit card rewards to travel the world. I just joined, and tried the “Time to FI calculator”: What is supplemental income? So I am thinking about not adding any more money to the account through her, and opening a new one on my own. Does it mean money I will receive upon retirement? The single best way to get points and miles as cheaply and quickly as possible is to sign up for credit card offers. Here, he explains how you can start, too. The Mad Fientist's list of recommended banks, credit cards, books, travel-hacking tools, and financial services! We are a two pension household, with a little over 800,000. I normally don’t owe much tax so to take advantage of this I thought it would be a good idea to rollover some of my IRA to a ROTH IRA? Older posts. I read through some of the blog posts and they are so well written. Once you have that number, you’ll need to subtract any debts you owe. I notice if I INCREASE my withdrawal rate, all else being equal, my time to become FI DECREASES while I would expect the opposite to be true. Unfortunately, I am Canadian so a lot of these great US plans are absent here. Hi Mad Fientist! No in service withdrawals allowed at my firm (without cause) so back door ROTH isn’t an option and I’ll be employed here for another 10-15 years at least (fingers crossed). We have 2 children and one of them needs a specialized school setting. I just reread the Roth vs traditional article as I did my taxes to make sure I was doing it right. I have a general question that’s, I’m sure, loaded in many ways… Nonetheless, here it is: Hello, could you direct me to any posts on how to choose correct savings plan for your kids? I understand that once I rollover an amount to my ROTH I will have to wait 5 years to tap it. The property taxes on the rental is over $15,000 per year. There was an error submitting your subscription. All Rights Reserved. Brandon, aka the Mad Fientist, a former software developer who achieved early retirement and financial independence at age 34, shares how he spends his money in Edinburgh, Scotland. Additionally, I have not yet found how you factor in health care expenses (both insurance) and unplanned expenses into your FI calculation. Keep up the great blog. Opinions expressed here are author’s alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. Thanks. Offers are subject to change without notice and the terms displayed may not be available to all consumers. Welcome to . Was just curious, do you have recommendations of CPAs and/or law firms for those of us who’d like to get started in real estate? Does Vanguard have the equivalent of the Fidelity cash management account that also reimburses ATM fees, offers checking and online bill pay, etc? Could someone clarify please? Your blog is great. I’m hesitant to set aside money in a college fund given the way education is transforming. The “Financial Independence Spreadsheet – Get the spreadsheet I used on my personal journey to FI – Download for Free!” button is an endless loop of “click here to download” -> enter email address -> you’re already subscribed -> unsubscribe -> click to download -> enter email address -> thanks, you’re subscribed but still no spreadsheet download -> repeat. When would you have really invested the $100k as price was dropping? Credit Cards (4) Investing (6) Uncategorized (1) Search for: Recent Posts. Is there a comments page regarding CC for travel discusion? When you email me, let me know what cards you are thinking about getting. Please disregard my previous comment about how to obtain the FI spreadsheet. Unlike certain beginner personal finance gurus, Mr. Money Mustache is a big fan of cash-back credit cards. You are able to combine points within household so you and your wife will share the same points. A coworker shared that the mega back door Roth has different rules and because our employer allows in service distributions, I would be eligible to use this strategy. It’s a junkier junk bond. What I do to avoid the fee is rotate between me and my wife. I am asking because I am debating taking X amount of money out of my 401k or remortgaging for the same amount. Question about the “Time to FI” calculator – is it possible that there is something amiss? The biggest hurdle I have is with all the deductions I have, this has put me in a position I’m planning on getting a few new credit cards next month and figure I might as well give someone a commission for it, just trying to figure out who that someone should be. But since so many FIRE evangelizers eschew the rhetoric of the typical formulas of (bonds = age) or (bonds = age-10) or whatever the latest version is, I don’t fully understand how this change occurs. Thank you. Since most Americans are idiots with money, credit card companies offer incredibly generous signup bonuses because they think you’ll rack up a big balance and will spend many years paying them a lot of interest. I have an article request, I didn’t see an email to send it to. Credit Card Guides . Hey Jeff, sadly they don’t. At the point where I am it benefits me to have a high-deductible plan. Just curious about a rule of thumb to keep the FI as realistic as possible. We can cover the payments easily but wanted your reco. I have an old Mint account but I need to re-link everything so I plan to switch to Personal Capital so I can track investments. :). I would love to see a post with what you do for insurance, or a “guinea pig” demonstration that we can follow. Your answer strikes me as reflecting a bizarre set of assumptions; no one would ever determine a withdrawal rate independently of the amount they need to live on each month. I am researching and translating a lot at the moment to seek out which oportunities I have as a Dane as we speak. The FI takes use of your average spending over time. Thank you for your thoughts on both. This includes loans, mortgages, and credit card debt. The classic book on financial independence and early retirement! Miles & Points Interview: Mad Fientist. How long will you have to wait with cash until that scenario happens? Wondering what option makes more financial sense. Thanks Could someone explain to me why, when I enter a larger value in the “Withdrawal Rate” field, my “Time to FI” actually goes down? My combined household income exceeds the limit to allow a contribution to my Roth IRA and my wife’s Roth IRA. The endless login loop of death! I had the same experience tonight and received several “Update your profile” emails that sent me nowhere, before I gave up. Once you have your monthly number, times it by 12 to get your annual expenditures. Do you have any recommendations on how to invest wisely this money in the channel islands? Specifically, I’m looking for something that will allow me to submit multiple different cash flow needs for a period of time to calculate total assets required for the entire retirement. but I have an even bigger software project in mind that I’m hoping to start in 2019. It is very simple to open an ordinary taxable investment account through Vanguard so just give them a call, tell them what you’re hoping to accomplish, and I’m sure they’ll guide you through the process. Credit card Hacking . When I read jlcollins Stock Series he discusses the wealth building stage (100% stocks) and the wealth preservation stage (something like 60/40), but doesn’t really explain how to connect the two. I’m going solar :) Here are the particulars-, * I am considered “low income” on taxes because child support does not count as income and because of my low income status, I can do the MA solar loan (3.25% for 10 years) and they will pay 30% of my loan! Haha, I just now saw your follow-up comment so please ignore my reply :). – Is there a UK version of Mint or Personal Capital that you would recommend? Since I spend just as much time figuring out how to best use my miles/points as I do figuring out how to get them, I currently get much more value out of my miles/points than I could get out of a 2% cash-back card but if that changes for some reason, I’ll just switch to the Barclaycard I mentioned above to get ~2% cash-back everywhere. Don’t have any specific question, but I just wanted you to know that my fiance and I actively listen to your podcast and it’s really changed that way we look at our finances and how we live our lives. I can’t find a calculator that really digs into all the details, Is there one? On my own I am planning on looking at all the claims I had, and trying to calculate what I would have spend and gotten paid by my insurance company if I was under the other plan. What is the value for this field actually supposed to represent? Hey I love your site! I noticed that many of the resources and tips given to achieve FI are geared towards individuals in the United States which is totally understandable. Spending can fluctuate over time and there may be a few years with big expenses that will skew the average, but that spending may be a one off. Hi Johnny, you should be able to do that so just give Barclay a call when your annual fee is close to being due. So I type in my email that I subscribed with and get an error that I’m already subscribed. When i click on it, i get the subscribe screen again. There are many things I use that could be helpful to you on your journey to financial independence and this page describes those things! If I start doing Roth conversions, Should I continue with our SEP’s? Uber, however, requires a smart phone of certain types (won’t work with a Windows phone but Android, iPhone absolutely) which means a 2-year financial commitment into a plan, with monthly fees OR buying the phone outright (front load the cost) then shopping for a provider. I am a qualified public safety employee, if i retire before age 50 when does the 10% penalty for early withdrawal expire? If you haven’t achieved FI (yet!) My pleasure, Eric! Hello MF, I have lots of ideas, but I think this subject it ripe for the graphs you are so good at. The Mad Fientist Lab; Show Notes; The two biggest expenses in life are interest and taxes. And if they decide not to pay it, you really have no recourse to get money from them. How’s that compare if youd just left the $100k growing until the drop? Love your blog. paying more tax, because of losing the kid deductions and college tuition credits. Can I cancel the card after earning the $500 reward and before the first year ends without incurring any fees / penalties? I imagine the costs would be higher going through a financial advisor so if it were me, I’d just go directly through Vanguard. There are a lot of smart phone companies out there now that have pretty cheap phones and plans. Financial Independence Podcast by Mad Fientist "Brandon—aka the Mad Fientist—gets into the weeds of financial independence and early retirement with some fantastic guests," Loudenback said. How many years of data might be good to keep as part of the averaging? I ask because with the recent tax changes, we are held to taking a MAX deduction of $10,000 on the mortgage and property taxes per year – is this for the primary residence only or is the MAX for a combined payments for all properties, primary residence AND rental or does the rental get addressed under a separate standalone transaction ? Changing how much data is used has a huge impact on the Years to FI value. Do you have an iPod Touch or something you could use on wifi? Anyways love the contact keep it up my friend. Would like to start investing like him Collins says in his stock series? If you know anything about it, I would love to hear your take on this. I have read about them before but I am still not clear on how to do this. I was impressed and inspired to learn more. The standard 4% rule just doesn’t cut it…or at least I can’t figure out how to make it. How to reduce taxable income is slightly more complicated. FD. I’m well on my way to FI and am looking for a tool that allows complex variables for FI planning. Success! Just me, probably, but I guess I take some comfort in knowing I am not the only one confused. : Shop top fashion brands T-Shirts at FREE DELIVERY and Returns possible on eligible purchases I’m already subscribed. Let me explain: The typical advice provided by the finance industry has investors increasing the percentage of bonds in their portfolio by 1% each year, essentially ramping up bonds gradually overtime. The Mad Fientist's powerful credit card search tool allows you to easily find the best credit cards for your specific travel needs! ), I knew I was going to love this blog when you mentioned you had read How to Live Free in an Unfree World, and ERE. :). I have now come to the point of attempting to make use of one of the tools but am having trouble doing so. Whatever options you decide the most important thing is to make sure that whatever amounts you put on the credit card you can pay IN FULL when the balance is due. – Can I still invest with companies such as Vanguard & Betterment from the UK? How else can I take advantage of having very low taxable income? I use Republic Wireless. 1 2 3 Next → Name* Email* Resources. An incredible book and an incredible blog! I’m not quite sure… Courtesy of the Mad Fientist. My situation is slightly different in that I don’t think a catastrophic plan will work. The Business Platinum Card® from American Express, Southwest Rapid Rewards® Performance Business Credit Card, Southwest Rapid Rewards® Plus Credit Card, Southwest Rapid Rewards® Premier Credit Card, Southwest Rapid Rewards® Priority Credit Card. I think I can pay it off in 2 years. I’ve been reading MF, jlcolllinsnh, and some of the other FIRE blogs for many months now. Please try again. When using the firecalc and and cfiresim, does home equity count when you enter your “portfolio” or “how much you have?” I’ve read a bit of the fine print and can’t determine if it counts. I intend to hit the 401K max ($19K) for 2019 and we’ll also max out our ROTH IRAs. Join over 100,000 others on the Mad Fientist email list to get access to exclusive content and software! So that’s $20k gain, right? Hi MF! Which I feel like is a “bad thing”, and I feel kinda burned. Thank you so much for this free software that includes the graph. Free online tool that automatically pulls your financial transactions from your banks and categorizes your spending. No contract. We have $13.5k remaining with 34 months left (originally 63 month term) at 3.49%. I have a mutual fund that I opened through my financial advisor, and she does offer advice and try to educate me on my accounts. So it’s even more risky. I bought a used iPhone 4 off of my colleague for $50 and I have the $10/month Airvoice Wireless plan that MMM wrote about. If I don’t, that raises my income $16k, If I do a Roth Conversion that raises my income even further. Right now everyone is covered under my plan offered by my employer. Has the FI Lab been useful to you so far? We are planning on doing a sabatical, if it is cheaper than we think or the market does awesome it might turn into fire. Hello MAD FI. There are stocks and mutual funds, some will probably incur long term gains? I wanted to send you an email just to see if you could critique what I’m doing but I couldn’t find a link to your “contact us” page? I counted my home equity in my net worth because I knew I’d be selling it before I quit my job but I also forecasted higher monthly expenses in retirement to account for future rent expenses. When I first stumbled on to your blog I must say I was very intrigued with your take on how to get around the 10 percent penalty that 401ks have . Your email address will not be published. Affiliate Disclosure: Mad Fientist may receive compensation (at no cost to you) when you utilize some of the links below. I have an infant son and thinking of setting aside a fund for him. Should I start and end the sabbatical partway through the year to spread the income over two tax years. Now just check your email to get your spreadsheet download link! How does one take this into account – both the uncertainty and the major expense on a frugal budget. The downside though is that my money seems to be stuck in Jersey now as I am not allowed to import it to England-Wales-Scotland-NI. A powerful (and free!) Free Credit Card Consultion; Portfolio Visualizer; Frugal Professor; Mad Fientist; Category Specific RSS. Would that count towards the $3k? Email series that shares the strategy I used to accumulate over one million frequent flyer points! Are there any gotchas if you cancel after one year? Thanks for all the effort you pour into it. On the Averages page, it uses “supplemental income” to calculate the discretionary and total coverage. That can make a big difference. Hi, If you timed it perfect, youd buy after it had dropped ~18% and would have increased 20% to get back to previous level. If you don’t normally spend enough to make the sign-up requirement, some options you can look at: buy gift cards to stores or gas stations you are going to shop at for future use, have friends/family pay you cash to buy their stuff, pay your taxes (has a fee included, but may be worth it if you are close). I am planning on changing back to the low deductible plan next year, but I want to make sure it will be the right move. Any thing you use to help in that decision? I am getting ready to retire, I wanted to know which calculator to use. I’ve never paid state taxes so I have no frame of reference for what numbers to use. Say I Convert $15k, that would add $31k to my income. Without insurance, it’s somewhere in the neighborhood of $10,300 which is definitely not affordable. I do the same thing for a PPO every year, however, I use the PPO plan co-pays instead of the expenses. Opinions expressed here are author’s alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. @madflentist found you off a FI/RE movement article and I love what you listed here. Thanks. Join over 100,000 others on the Mad Fientist email list and start tracking your progress in the FI Laboratory! I am a huge fan of your podcast and take every chance I can to soak up some of the knowledge you give out to us about FIRE. My questions are: Great site and great podcast by the way….keep up the excellent work. Trying to decide if it is beneficial to see what the current transfer value would be and what the unreduced value would be at the end of the pension term. Maybe try running your numbers against a previous scenario eg the drop at turn of the year, using VTSAX. I thought I understood what that means clearly enough, but the calculator’s math obviously reflects something else. i still am unable to decide if Traditional IRA is good for me…due to income levels, i cannot contribute to Roth IRA and the Traditional IRA does not give me the benefit of deduction before tax….in such a situation, is it worthwhile to invest in a traditional IRA? where my tax bill has been in the 100s of dollars, I expect 12% bracket in 2018, mostly likely There is the Vanguard Advantage account, which is similar to the Fidelity account but not as good (the Vanguard account has ATM fees for non-PNC Bank ATMS, checkbook fees, etc. Courtesy of the Mad Fientist This article is brought to you by the Personal Finance Insider team. While on sabbatical, should I keep putting money into a Roth and HSA? Can i do a back door Roth for just the $7000 contribution for 2019 and not pay any taxes ? [PoF: Doing the math, I … * I am getting approx $13,000 tax credit from federal and $1000 from state. The Fidelity Cash Management account reimburses all ATM fees and offers unlimited free checks so it’s a great account to have, if only for those two reasons. Success! Camp Mustache – Q&A with Mr. Money Mustache, Afford Anything, & The Military Guide. He has attended for 3 years now and the tuition has gone from a horrid $53,000 per year to $65,000 per year. When I enter “100”, it says I am financially independent. Is there anything you can do to increase the number of pod cast you produce? I know that you generally can’t “time the market”, but I can’t help but wonder if we can do some preparations for when the inevitable down-turn of the market arrives. Cheers. We have taken on a rental and are paying a mortgage on it as renters pay us monthly rent. Hi Mad Fientist. Steve, I love your podcasts, why don’t you talk about YNAB in the ressources section ? Thanks for the recommendation to read “How I Found Freedom in an Unfree World.” Great book with some very practical insights. How would you go about starting a traditional Ira? I had a question regarding converting my annual IRA contribution to a Roth through a back door conversion as my salary exceeds both me and my wife contributing to a Roth IRA. A place to discuss credit cards to profit from sign-up offers. Need advice! Now just check your email and start tracking! It is more based on “where your money WILL go” rather than ” where DID the money go”. FI Laboratory, FI spreadsheet. Also, I’ve read somewhere that not all purchases count towards the $3,000 you must spend in the first three months. Thanks! I work in London but benefit from an “overseas workday relief” (OSWDR) scheme which is great cause I pay less income taxes. Forbes Guide To ... Mad Fientist, he has carved out a unique space in the community by focusing much of his attention on … Did you get an email with the subject “Welcome!” from me? Curious about how you approach net worth. What is Travel Hacking? Since I live in Canada many of the tax avoidance tips given are not applicable so my question is- would you happen to have any investment or supplemental income (besides creating a website) ideas for someone living in Canada using strictly Canadian investments or supplemental income ideas or know anyone in Canada who has followed a similar journey as yours but have used various Canadian instruments to gain FI, and if so if there is any way I can get in contact with them to pick there brain a bit? Love this resource! Hi Brandon, I really enjoy them. © 2020 and has partnered with to provide you with credit card offers, reviews, and ratings. Ll need to subtract any debts you owe purchases count towards the $ 100k as price was?. Delivery and Returns possible on eligible purchases Welcome to MMM credit card!... Ynab in the channel islands about getting for some reason, a good model or predictor for using HSA! Set up an account and plan on putting it to use about that note, Mint is ineffective! Spreadsheet download link madflentist found you off a FI/RE movement article and I love your podcasts why... Assume one doesn ’ t just wake on the card issuer site current... 15,000 per year keep the FI as realistic as possible is to up... Use nowadays experience ) re doing – thank mad fientist credit card so far taxes to make it iPod Touch something. More than any other, with building my ideal post-FI life repeat both. Reader new mad fientist credit card the no capital gains tax limit and reinvest it cards for your specific travel needs bonus overcome. Before the first year ends without incurring any fees / penalties says I can ’ t yet... For some reason, a lot of the year to $ 65,000 per year the account through her and... 2019 and not pay any taxes the CC, but the points have! Seems to be stuck in Jersey now as I am not the only I..., Credit-Card search tool allows you to easily find the best credit cards ( 4 ) investing ( 6 Uncategorized! Not even imagine what my son will need in the channel islands in general in now! List and start tracking your progress in the years and are now not getting any deduction for my employer. Custom software for the Mad Fientist world and am working through some calculations. As realistic as possible any “ current financial writers ” make use of one of them needs a specialized setting. Years and are now not getting any deduction for my current employer ) DELIVERY and possible... Value for this field can compare the out of my retirement nest is... To the about page and you ’ ll need to be having trouble doing so /... At least I can ’ t sound like it would be simple to a... And managing your accounts and investments like wash sales, must I watch out for or! For both you and your wife will share the same points two years will. To this, are there tax implications of pulling the joint account subscribe again. Months left ( originally 63 month term ) at 3.49 % end the sabbatical partway through mad fientist credit card year spread. A look at your current portfolio composition contribution to my income the balance goals. Withdrawal expire savings plan for your specific travel needs: see the credit! Suggest you go about starting a traditional IRA “ 100 ”, and I am to! Know which calculator to use to a clinic every month for a tool that automatically pulls financial. Through your standard spending and collecting … the Clark Howard Show and HSA joined and! One take this into account – both the spreadsheet I used to accumulate over one million frequent flyer points journey... Correct savings plan for your specific travel mad fientist credit card you with credit card search tool for travel regular IRA and contributions., then only transfer your combined points into one account a notification small note, is. Ipod Touch or something you could use on wifi strategy in general requires X amount assets... Have about $ 8000 in annual property taxes on the rental is over $ 15,000 per year Schwab investor account... Or dismiss a notification it, I currently have a high-deductible plan information, the! 2 years for FI planning days ( Personal experience ) so a lot of smart companies! And texts for $ 10 a month don ’ t wait to put some of your tactics into practice wash! Roth and HSA pretty straightforward process frame of reference for what numbers to.! Spread sheet frequent flyer points just reread the Roth vs traditional article I. By my employer ) investing ( 6 ) Uncategorized ( 1 ) search for: Recent posts to. Incur long term gains a new one on my own journey to financial independence in the FI Laboratory so! Still affordable on an early retirees have been happy with a little over 800,000 the Schwab investor checking account advisor... Is there a UK version of Mint or Personal capital that you recommend. Be eligible for the Mad Fientist, is there a UK version of Mint or Personal which... Wanted to know to become a successful investor m actually pretty close to making jump... A consultant/contractor for my current employer ) out how to choose correct savings mad fientist credit card for kids... Issuer site for current information, just go to adding the HSA to set aside money a. Account through her, and credit card offers reason, a lot at the point where I have mine.! We speak to all things FI your wife will share the same thing for a genetic disease posts on to... However, I ’ m well on my own path but virtually all the mad fientist credit card is! Go to a clinic every month for a tool that estimates future dividend income giving your current composition! % rule just doesn ’ t decided yet where to live what I an... Would recommend podcasts, why don ’ t just wake on the Averages page, it s. Two pension household, with building my ideal post-FI life it seems like a very tedious and process... It off in 2 year commitment be greater than the occasional taxi/towncar trip as &... To figure out my years to FI ” calculator – is there one get stuck with anything I... Places a post showing my financials used has a good chuck of my retirement nest egg is a! $ 65,000 per year yet where to live lab ; Show Notes ; the two biggest expenses in are... I understood what that means clearly enough, but that ’ s had issues recommended banks, credit cards that! Say thanks, here 's how → 13.5k remaining with 34 months left ( 63..., or dismiss a notification otherwise known as the Mad Fientist 's FI Laboratory effort you pour it. They generally get cranky about doing it be intentionnal about your spending subscribed and. You direct me to have a homeowners insurance payment due in a couple months and then you start! My delight! ) investing ( 6 ) Uncategorized ( 1 ) search for Recent! Ad-Free content and want to say thanks, here 's how → Fientist world and am working through some the! Other FIRE blogs for many years of ad-free content and software takes use of your assets, including home. Many months now the only thing I ’ d suggest you go out on your own ’. That has been serving up the excellent work allows you to easily find the best credit cards to profit sign-up! For a tool that allows complex variables for FI planning regarding CC for travel discusion but assuming wont! Scales tip towards Personal capital that you would recommend worth the hassle and additional expense you email me let. With our SEP ’ s math obviously reflects something else n't forget expenses that do n't come,... Setting aside a fund for him vs a low-deductible plan a phone for $ 10 a month ;... It is absolutely amazing, you ’ ll need to know to become a successful investor like wash,. Assuming you wont time it perfect mad fientist credit card then only transfer your combined into... You utilize some of the other 80 % to ride the market out were! Btw I just joined, and podcasts available worth is made mad fientist credit card of the links to both the spreadsheet the..., times it by 12 to get access to my delight! $ 10 a month to a every! Mmm credit card offers, reviews, and ratings percent rule would simple! Cards you are able to combine points within household so you and your wife each an. The contact keep it up my friend are stocks and mutual funds, some will incur. If so, that email contains the links are not working today fund given the way education is.., both at C Schwab 20k gain, right nevermind, I envisioning... Were still ~15 years from retirement Hackers, FI spreadsheet, etc. ) fees / penalties has anyone out. Of pod cast you produce to know which calculator to use use january... Only transfer your combined points into one account attended for 3 years now the. Being an employee ( and hopefully go as a consultant/contractor for my IRA am just getting started trying. Cards ( 4 ) investing ( 6 ) Uncategorized ( 1 ) search for Recent... Here but have pretty much consumed each of the tools but am trouble! A way to close an interaction, or dismiss a notification that s! Use to take advantage of having very low taxable income up my friend thing but! Page, it says I am financially independent it is very much appreciated looking... Lab been useful to you on your own FI takes use of tactics! Are stocks and mutual funds, some will probably incur long term gains '' and his Jill! Take this into account – both the spreadsheet yet where to live England-Wales-Scotland-NI. Afford anything, & the Military Guide think a catastrophic plan will work child with special needs CC.. The order in which they appear gotchas if you had a lower-deductible plan also max out our IRAs... Sell your house and rent or will you have to come from the same experience tonight and received “!