Hi all
Wondered if I could get some thoughts on this.
I despise my job and would really, really like to quit soon.
Based on 4% rule I have ample.
A few things are making my very nervous.
- Property income is from some car parking spaces - its far more volatile than a regular buy to let.
- My low spending means I am very exposed to high energy / food prices. I feel this should be taken into account somehow.
- Almost all of this is in ISAs, maybe 80k in pensions - as I am a basic rate taxpayer and I want to minimise government control over my life.
- I have grown this pot despite a c £20-30k salary by investing in individual stocks. I have done OK over the years - hence my building the pot to this size, but this also makes me concerned it isnt enough as so many FIRE investors are set and forget S&P500 etc.... (For those interested I have had a rough 19% CAGR since 2008)
A few questions for anyone out there:
- Can anyone recommend any financial advisers who are pro-FIREI can discuss this with.
- Has anyone retired early with a similar pot size 10/20 years ago, how did you find it?
- Has anyone retired with very low expenditure - how did this go.
- How did FIRE impact low expenditure I think in my case much is driven by hating employment so much I dont want to do anything that makes me have to be employed even a little bit more. How did this change when retired?
Thanks