“And while we’re not going up as often as we once did, the expenses don’t stop. We dropped $1,900 in January on gravel and road work up at the cabin. That’s in addition to the $3,857.21 we paid towards the mortgage that month.”
“For many FIRE folks, this can be a real stumbling block. We find out about FIRE, do a lot of reading, run the numbers, set up our savings, get our FI number, and then……wait. ”
“Based on my current income growth trajectory outside of my day job I believe that I could hit close to $4,000 per month in post-tax income in about two years. That eliminates the need for me to stick it out in cubicle-land for another decade just to build a portfolio large enough so that I would never need to work again.”
CoreLogic reported that rent prices have skyrocketed since 2005. Meanwhile, the typical mortgage payment has actually decreased.