Comments on: Why financial independence part I – Early motivations http://earlyretirementextreme.com/why-financial-independence-part-i-early-motivations.html Becoming debt-free is the first step to building a better world. Financial independence is the second. Doing what YOU want is the third. Thu, 09 Feb 2012 00:07:08 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: FreeUrChains http://earlyretirementextreme.com/why-financial-independence-part-i-early-motivations.html/comment-page-1#comment-24925 FreeUrChains Thu, 18 Aug 2011 18:11:32 +0000 http://earlyretirementextreme.com/2007/12/why-financial-independence-part-i-early-motivations.html#comment-24925 After moving from an apartment complex to a friends townhouse that actually had more space and another bedroom, plus tremdous cuts and budgeting daily-to-monthy my savings rate got boosted up to 82%/ mth. Unfortunately that is still going toward paying off high 6.8% student loan (now almost done), and a new car's loan (2.4% @ 12k, next thing to tackle) which i went with during the cash-for-clunkers sale. (got $3500 for a truck i payed $800+ tax after 6 years of great use from high school thru college). By this Dec 2011, I will become debt free with an emergency fund of about $3k. Then comes saving for a decent shelter/house for future family, to pay in cash. Then work slaving/saving/investing for Financial Indepence to only about another 4 years unless investments take off during this time. I am happy now at my max savings rate, funny how at the edge, if i could quit my job and sold the car, my savings rate would actually increase! After moving from an apartment complex to a friends townhouse that actually had more space and another bedroom, plus tremdous cuts and budgeting daily-to-monthy my savings rate got boosted up to 82%/ mth. Unfortunately that is still going toward paying off high 6.8% student loan (now almost done), and a new car’s loan (2.4% @ 12k, next thing to tackle) which i went with during the cash-for-clunkers sale. (got $3500 for a truck i payed $800+ tax after 6 years of great use from high school thru college). By this Dec 2011, I will become debt free with an emergency fund of about $3k. Then comes saving for a decent shelter/house for future family, to pay in cash. Then work slaving/saving/investing for Financial Indepence to only about another 4 years unless investments take off during this time. I am happy now at my max savings rate, funny how at the edge, if i could quit my job and sold the car, my savings rate would actually increase!

]]> By: Einige Gründe für meine Motivation finanzielle Unabhängigkeit zu erreichen. | Genug haben. http://earlyretirementextreme.com/why-financial-independence-part-i-early-motivations.html/comment-page-1#comment-21394 Einige Gründe für meine Motivation finanzielle Unabhängigkeit zu erreichen. | Genug haben. Tue, 08 Mar 2011 10:18:50 +0000 http://earlyretirementextreme.com/2007/12/why-financial-independence-part-i-early-motivations.html#comment-21394 [...] (1) http://earlyretirementextreme.com/why-financial-independence-part-i-early-motivations.html (nicht immer, aber in diesem Fall, habe ich vieles aus diesem Posting von Jacob Fisker Lund [...] [...] (1) http://earlyretirementextreme.com/why-financial-independence-part-i-early-motivations.html (nicht immer, aber in diesem Fall, habe ich vieles aus diesem Posting von Jacob Fisker Lund [...]

]]> By: Jacob http://earlyretirementextreme.com/why-financial-independence-part-i-early-motivations.html/comment-page-1#comment-5158 Jacob Thu, 11 Jun 2009 20:08:52 +0000 http://earlyretirementextreme.com/2007/12/why-financial-independence-part-i-early-motivations.html#comment-5158 Because there's more to life than not doing anything? ;-) Because there’s more to life than not doing anything? ;-)

]]> By: Adam http://earlyretirementextreme.com/why-financial-independence-part-i-early-motivations.html/comment-page-1#comment-4247 Adam Mon, 02 Mar 2009 22:06:03 +0000 http://earlyretirementextreme.com/2007/12/why-financial-independence-part-i-early-motivations.html#comment-4247 Question, If you were able to retire at 31, why does your Twitter status show that you're looking to take on a job? Question,

If you were able to retire at 31, why does your Twitter status show that you’re looking to take on a job?

]]> By: Beany http://earlyretirementextreme.com/why-financial-independence-part-i-early-motivations.html/comment-page-1#comment-474 Beany Wed, 20 Feb 2008 17:33:15 +0000 http://earlyretirementextreme.com/2007/12/why-financial-independence-part-i-early-motivations.html#comment-474 I'm reading older entries for inspiration. BTW, Fred Ecks at fredx.livejournal.com retired at 35. Still older than your FI at 31 and I believe he came close to or hit the 6 figure mark with his comp sci degree. I just started working FT. I am currently saving 20% of gross income. I can bump it upto 30% in about a month and even more when we move in the summmer. By what percent that increase will occur is still unclear. I’m reading older entries for inspiration.

BTW, Fred Ecks at fredx.livejournal.com retired at 35. Still older than your FI at 31 and I believe he came close to or hit the 6 figure mark with his comp sci degree.

I just started working FT. I am currently saving 20% of gross income. I can bump it upto 30% in about a month and even more when we move in the summmer. By what percent that increase will occur is still unclear.

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