RetireJapan

The Panamera comment was a joke--I still want to drive, but even if push came to shove, a new honda fit/shuttle would be the furthest I'd go to replace what I've got. (I filled it on 12/15, and there might still be 3/4 tank left.)

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I think the upper numbers in the poll kind of lose meaning, since if you've looked at discussions of the 4% rule, it would seem that by reducing that percent--to say, 2%--then the portfolio should last (almost) indefinitely.

Then it's whether that 2% will support your present and future life plans. If it does, bingo.

(and I haven't voted yet--that person choosing 51+ is not me)

About 4 years if all income stopped right now... good enough for short-term survival, but I need to keep working on that to try and raise to 5x

I assume the question does not include projected future returns, so just divided current spending by assets.

christhebrit wrote: ↑Fri Jan 07, 2022 8:20 am About 4 years if all income stopped right now... good enough for short-term survival, but I need to keep working on that to try and raise to 5x

4 years is far more than most people manage

Depending on how long you can leave it to grow, it also puts you closer to glide FIRE (where you can stop contributing to your investments and their growth will leave you with enough to retire on).

Foremost wrote: ↑Fri Jan 07, 2022 8:26 am I assume the question does not include projected future returns, so just divided current spending by assets.

Yep, net worth today, not in five years time

Well, my net worth is negative as I have more debt (mortgage) than total assets.

I first picked one, but then realized had to count my mortgage as liability, and since I could not delete my vote I switched to 'I don't know'

There is no option for me on this poll, and looking at the results I am well behind

sugus wrote: ↑Fri Jan 07, 2022 11:50 am Well, my net worth is negative as I have more debt (mortgage) than total assets.

I first picked one, but then realized had to count my mortgage as liability, and since I could not delete my vote I switched to 'I don't know'

There is no option for me on this poll, and looking at the results I am well behind

I would class that as 'less than one year'

Personally I think my manshon is probably worth more than what is left on the mortgage, so I just cancel them both out and ignore the mortgage and the property value.

I would either count both the mortgage and the value of the property, or neither. If you only count the mortgage that seems a bit unfair...

RetireJapan wrote: ↑Fri Jan 07, 2022 11:57 am

sugus wrote: ↑Fri Jan 07, 2022 11:50 am Well, my net worth is negative as I have more debt (mortgage) than total assets.

I first picked one, but then realized had to count my mortgage as liability, and since I could not delete my vote I switched to 'I don't know'

There is no option for me on this poll, and looking at the results I am well behind

I would class that as 'less than one year'

Personally I think my manshon is probably worth more than what is left on the mortgage, so I just cancel them both out and ignore the mortgage and the property value.

I would either count both the mortgage and the value of the property, or neither. If you only count the mortgage that seems a bit unfair...

My house is paid off but I didn't include its value in my net worth as I'm going to have to live there and isn't really ever going to free up some liquid funds.. And it's old and probably worth almost nothing anyway!

goodandbadjapan wrote: ↑Fri Jan 07, 2022 12:29 pm My house is paid off but I didn't include its value in my net worth as I'm going to have to live there and isn't really ever going to free up some liquid funds.. And it's old and probably worth almost nothing anyway!

That makes sense I think because the lack of rent/mortgage reduces your spending so the numbers still work.

RetireJapan wrote: ↑Fri Jan 07, 2022 11:57 am I would class that as 'less than one year'

Alright then, changed it to 'Less than one year'

RetireJapan wrote: ↑Fri Jan 07, 2022 11:57 am Personally I think my manshon is probably worth more than what is left on the mortgage, so I just cancel them both out and ignore the mortgage and the property value.

I would either count both the mortgage and the value of the property, or neither. If you only count the mortgage that seems a bit unfair...

In my case, I paid way more than what it was worth on paper, and it will further devaluate (25+ old manshon). It was a conscious decision, as in my opinion, other benefits well outweighed the 'premium price'...