
Now that you have reached ultimate fame with your own Hoco-mania board and everything, I am sure that there are may interested in your FIRE status based on your current plan. One big confusion point I believe is how you manage on an income from $400k only (family of 4 - maybe one more).
If I remember correctly you FIREd about 4-5 years ago with $300k paid house and $400k in mostly TIPs and CDs - most with higher rates/interest than avaliable today. Total NW then $700k.
You also calculated on earning about $10k/year (minimum) on your writings as part of base costs?
Anything above the $10k would be considered gravy/fun money?
Since you have had 4-5 years of no writing earnings does that mean that you are now closer to a NW of $650k? (todays $).
Also: what w/r have you used sofar from the $400k and what is your future plan considering lower new CD rates and TIPs rates?
Do you have a head line budget of how you manage costs for a family of 4-5 based on living of the original $400k?
I think answering the above questions in this thread would stop people from their mental block of a family not being able to live of $400k plus paid house.
Cheers, Ben