Can We Accelerate Our FIRE Date?

Lately I have been feeling really blah at work. Like, I just really don’t care.  Now this is likely mild depression which is why I decided it might be time to schedule a visit with my therapist again but it got me thinking, do I really have to wait another 3 years until we leave our jobs?

Now first things first, I know that just leaving my job won’t make me miraculously happy but not being stuck at my desk all day with freedom to do what I want certainly does sound great.  So could we make it work?  Short answer, yes we can probably do it in less than 3 years.  As I have mentioned in the past I believe we are going to experience a market correction in the near future.  And part of me really hopes this happens soon so that we can be done with it and I won’t have to worry about it before we hit FIRE.  But if we do actually get a market correction in the next year or two, what would that look like for our FIRE success?  Thankfully I think we could still make things work, which is why our FIRE date has been tentatively scheduled for 3 years out anyways.  I have been planning on having a buffer just in case we have a market correction the year we leave our full time jobs. Continue reading “Can We Accelerate Our FIRE Date?”

Preparing for the Next Big Market Correction

We are over 9 years into a great bull market.  If this trend continues this could be the longest bull market on record.  And while that seems amazing that does mean that the inevitable, a market correction, has to be just around the corner.  This trend can’t last forever.  We have already seen some volatility in 2018 but the question is will this continue and turn into a market correction of 20% or will it become something even worse like the Great Recession that was the start of this bull market in the first place or the tech bubble that burst in the early 2000s?  This is part of the reason that Mr. SFF and I have been reevaluating our portfolio lately.  If our investments investments lost 50% at this point we would not be able to recover in time to reach our FIRE goal in 3 years.  If we lost 20% we might still be able to make it happen if we made some adjustments. Continue reading “Preparing for the Next Big Market Correction”