How Much Is Enough

During my FIRE journey, I would set a target amount by certain period of time. When I reach the targeted amount usually by a later deadline, there is another urge of another higher amount due to the inflation. This leads me to wonder whether how much is enough for FIRE.

I have been in the workforce about 18 years since 2000. It’s almost two decades. There are no much decade in a lifetime. I have witnessed example of people dying in their 20s, 30s and 40s. This is an additional food for thoughts on how much one need for FIRE.

I encountered instance in which one of the blogger, namely Mr Crazy Kick is diagnosed with an illness in a later stage of lyme disease about one year after his retirement from full time employment. Fortunately,  the disease can still be cured.

Another blogger, namely Root of Good highlighted another example of the reader which is diagnosed with another illness.

The above-mentioned circumstance has set me to ponder further on how to approach the life going forward. Life is unpredictable and there is no knowing what will happen tomorrow.

I am of view that it is better to FIRE first before dragging the event with “one more year” syndrome. As long as one is confident of sustaining for at least five years with the investment portfolio, I am of view that it is safe to quit from the full-time employment to focus on the activities which are of interest to one. Even if one decides not to quit the full-time employment, I am of view that one should take it easy in the full-time employment. There is no need to stress on whether one has done well in the work with the knowledge that one can still survive for the few years with the investment portfolio.

The dynamics at the job changes as one feel that he/she is coming from a place of strength when one knows that he/she knows he/she has the back up supporting him/her. One will stress much less when the economics of the job are no longer a primary deciding factor in his/her survival.


Author: firewtk

A middle-age Singaporean currently having a minimalist and simple lifestyle. I am not longer in full-time employment with effect from 1 May 2019. I try my very best to write one post per day on this blog. The purpose is to share my prevailing thoughts to interested readers. It is up to the interested readers to decide whether they want to take action in embarking on the FIRE journey. I do not gain anything from this blog and it is solely for sharing hopefully for the benefits of all interested reader. WTK

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