I reached FI today...!

Wait you started at 200k, saved 100k a year and 7 years later you are at 2.4M having raised two kids in between? That somehow doesn’t really add up. :thinking:

Anyhow, that’s a load of money, congrats!

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I started investing only 7 years ago, but I had already saved (and put into my apartment, 2nd and 3rd pillar) a pretty large amount at that time. :nerd_face:

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Quick update: I have retired in the meantime. I spend most of the time with the kids, cooking, cleaning, shopping and sports, nothing fancy but it makes me happy- last night we slept in a tent outside. My bucketlist is still long but we’ll start travelling as soon as the borders open up again, next stop Biarritz. My NW went up to 2,7 Mio CHF in the meantime mostly due to some luck with cryptos and updated numbers on the 2nd pillar which is by now 90% invested in stocks (VIAC), so I expext a pretty decent return over the next 20 years. I have a 100k CHF cash buffer so we don’t worry to much about what the market does short term. And some gold and 9mm ammunition for bad times :wink:

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Congrats and enjoy life & family! :boom:

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For the zombie acopalypse or the next market crash?

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For the blackout! That is the catastrophic event with the highest probability. Even higher than a pandemic.
But since these are only probabilities, we experienced the pandemic first.

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congrats! enjoy the good life :slight_smile:

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First, congrats @kraphael for adapting to the FIRE life. Hope you’ll keep enjoying it thoroughly.

Second:

I hope a few of them are made of silver in case we have a werewolves apocalypse instead of the zombie kind. :smiley:

More seriously, I’m not a specialist but if there’s also an appropriate gun at home, I’d balance the probability and consequences of a scenario in which the ammo make a meaningful difference with the risk that my children have of shooting themselves by accident (I had a childhood friend who did exactly that and was very lucky that the bullet went through his jaw without hitting the skull).

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I expect the market to crash when the zombies come. :zombie: :woman_zombie: :zombie: :woman_zombie: :zombie: :zombie: :woman_zombie: :zombie: :woman_zombie: :woman_zombie::zombie: :woman_zombie: :zombie: :woman_zombie: :zombie: :zombie: :woman_zombie: :zombie: :woman_zombie: :woman_zombie::zombie: :woman_zombie: :zombie: :woman_zombie: :zombie: :zombie: :woman_zombie: :zombie: :woman_zombie: :woman_zombie::zombie: :woman_zombie: :zombie: :woman_zombie: :zombie: :zombie: :woman_zombie: :zombie: :woman_zombie: :woman_zombie::zombie: :woman_zombie: :zombie: :woman_zombie: :zombie: :zombie: :woman_zombie: :zombie: :woman_zombie: :woman_zombie::zombie: :woman_zombie: :zombie: :woman_zombie: :zombie: :zombie: :woman_zombie: :zombie: :woman_zombie: :woman_zombie::zombie: :woman_zombie: :zombie: :woman_zombie: :zombie: :zombie: :woman_zombie: :zombie: :woman_zombie: :woman_zombie::zombie: :woman_zombie: :zombie: :woman_zombie: :zombie: :zombie: :woman_zombie: :zombie: :woman_zombie: :woman_zombie::zombie: :woman_zombie: :zombie: :woman_zombie: :zombie: :zombie: :woman_zombie: :zombie: :woman_zombie: :woman_zombie::zombie: :woman_zombie: :zombie: :woman_zombie: :zombie: :zombie: :woman_zombie: :zombie: :woman_zombie: :woman_zombie:

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Thanks for the advise, I’ll prepare accordingly

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You don’t need guns and hammo in Switzerland. I’ve been shooting since I’m young, but I never knew my grandfather because of one of his friend’s gun.

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Sounds great! Congratulations and keep doing what makes you happy :slight_smile:

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Congrats and thanks a lot for sharing your success story! really inspirational!

In the original post, 6 months ago, you mentioned that quitting your job was not a priority.
what changed your mind in the meanwhile?
do you plan to restart working, even part time at some point? not that I wish you so :sweat_smile:

Enjoy your deserved freedom & free time :wink:

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Very inspiring story!

Quick question - how do you calculate your apartment into your FI number?
2nd Pillar - clear (the amount you have there)
3nd Pillar - clear (the amount you have there)
Cash (obviously)
Apartment (as example - i bought an apartment 5 years ago for 880k including 2 Parkings, put 176k into it, rest is mortgage - meanwhile the price of the apartments went up to about 1.1 to 1.2 million) - what do i calculate for my networth?

Cheers

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After some more hard thinking i felt that it was actually my fear of the unknown that was holding me back and not really the wish to continue to work, so i finally quit. So far i didn‘t regret that decision for one second, i feel very free now without that much resposability.
I‘ll prabably start working again in a year, but in a less stressfull environment, probably self employed with a lot of free time

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I used the price we paid at that time for the apartment, but you are right, it‘s value has probably increased by 10-20 percent
But since our mortgage is fixed for 10 years and we don‘t plan to sell it doesn‘t really matter to us for the next 5 years, but if we use the difference as a leverage in some future investments then it could become interesting again…

I have no clear view on my future tax situation, it should be lower but since my wife is still working 60% we can still deduct some expenses.

Haven’t thought about AHV yet, I plan on paying the minimal contributon of 1006 CHF/year for housemen.

My tax accountant told me not to trade too much, otherwise I might be classified as “professional investor” as mentioned. Therefore I just sold some shares last summer and put them into crypto and p2p lending to get some steady cashflow and my day to day expenses get paid out of that.

At the moment my portfolio ist still up 3% to March 2021 even though it crashed badly this year, so I am not too worried.

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9 posts were merged into an existing topic: Costs after early retirement

You can’t choose your AHV contributions. It is calculated on your wealth and revenues.

If your wife is still working, you might even not pay anything. Check AHV website.

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@Ardius Thanks, I didn’t know that, guess I’ll have to pay CHF 2400 instead