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A comment on Ask HN: Can you still achieve FIRE if you start planning at 40?.

Re:Ask HN: Can you still achieve FIRE if you start planning ... by Oneiros512 on Thursday May 07, 2020 @03:24PM (#23107118)
One think I like to keep in mind with this sort of situation is that building retirement savings and an emergency fund can have immediate benefits of the added security blanket they provide, aside from the long-term goal of retirement.

Even if someone got a late start or has a high amount of debt and retirement isn't looking so possible, building a safety net and improving your financial situation is never a bad idea.

I just got laid off myself, and while I'm many years away from any kind of potential retirement, my savings over the last several years put my mind at ease because I know I can easily go a year if I have to without any additional employment, even though hopefully I'll have a new job much sooner than that.

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Re:Ask HN: Can you still achieve FIRE if you start planning ... by sloaken on Thursday May 07, 2020 @04:14PM (#23107711)
Great advise!

Sorry to hear you are laid off. I have been there twice. Short advice: 1) make a schedule so you do not spend ALL day troweling for a job (it gets depressing), 2) schedule in time to exercise 3) if you can find co-workers who were let go, and you like, try to meet with them weekly. It provides a stability and a sounding board for ideas.

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Re:Ask HN: Can you still achieve FIRE if you start planning ... by subhobroto on Thursday May 07, 2020 @07:43PM (#23109707)
> I just got laid off myself

Congratulations. Depending on how you look at it, it might feel the worst thing that ever happened to you but looking back, this would be the best thing (or pretty much up there) ever!

Feel free to reach out to me if you're in the U.S.

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Re:Ask HN: Can you still achieve FIRE if you start planning ... by asimjalis on Friday May 08, 2020 @08:08AM (#23113833)
> I just got laid off myself

Been there. It’s a good opportunity to think about what you want to do. If you’re interested in a tech job contact me privately.

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