this post was submitted on 21 Oct 2024
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FIRE (Financial Independence Retire Early)

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Welcome!

FIRE is a lifestyle movement with the goal of gaining financial independence and retiring early.


Flow Charts:

Personal Income Spending Flow Chart (US)

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Bogleheads Wiki

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[–] yenahmik 4 points 2 months ago (6 children)

Reposting from last week, since I posted late in the week...

What percentage salary increase would it take for you to accept a new job, assuming you are happy with your current job?

[–] [email protected] 4 points 2 months ago (5 children)

At this point you could offer me 500% and I probably wouldn't budge. I'm saving 85-90% of my net salary already, and have reached my coast-fire number, so I really couldn't be bothered to change a running system.

[–] [email protected] 3 points 1 month ago* (last edited 1 month ago) (4 children)

I'm probably closer to 50%. I like my team and all and I'm basically coast-FI as well (should be retired by mid-50s w/o any more investment), so gambling on a new team isn't particularly interesting. I should be FI within 10 years, and a 50% increase in salary would cut that by ~3 years, which isn't a ton, but it's not nothing.

That said, there are some non-monetary reasons I might accept a different job offer:

  • within biking distance
  • more interesting work
  • a lot more PTO (I get about 3.5 weeks, should be 4.5 weeks next year)
  • more flexible hours - I'm interested in dropping to 20-ish hours/week at some point

I could probably get 20% more by switching if I put some effort in, but that would only change my FI date by a year or so, and that's not worth it if I end up hating the team.

[–] yenahmik 3 points 1 month ago (1 children)

My problem is basically every job opening I see gives less PTO than my current role (5 weeks, plus the company is shutdown the week between Xmas and NYD).

[–] [email protected] 2 points 1 month ago

Yeah, I might be able to do a little better on PTO, but only by a couple days. We get 3 weeks vacation, 2 days "PTO," and 12 company holidays, which is pretty competitive. I could also negotiate more days if I wanted, but I don't see the point when I can just take unpaid time off at my current job.

But honestly, even then I might not bother switching. I can see the finish line, so I'd prefer to just stick it out instead of gamble.

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