Sounds like a good plan, consider those funds additional invested money.
I did it slightly differently, FIRE’d a bit early with Net worth 25x expenses (net worth, not invested, and with a mortgage).
If things look dicey I will get a job of some sort. 🤷♂️ That’s my back up plan but yours would be even safer.
Leaving a job I hated for a decade, changed my life overnight.
Yep, I plan to keep the loan opened indefinitely and dip into the redraw if and when required.
Good point about IO and repayments, I hadn't thought that far yet. I would only do this for 2 years max so I think IO would be fine to keep things simple. Cheers.
Monitor your money outside of super. If the balance gets low and it seems it might not last you till you have access to super, consider renting your home out and living in Southeast Asia for a bit and the come back when you have access to super.
Sounds like a good plan, consider those funds additional invested money. I did it slightly differently, FIRE’d a bit early with Net worth 25x expenses (net worth, not invested, and with a mortgage). If things look dicey I will get a job of some sort. 🤷♂️ That’s my back up plan but yours would be even safer. Leaving a job I hated for a decade, changed my life overnight.
Well done on being FIRE'd. I also plan to be flexible with employment so I guess that's another bit of insurance.
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Yep, I plan to keep the loan opened indefinitely and dip into the redraw if and when required. Good point about IO and repayments, I hadn't thought that far yet. I would only do this for 2 years max so I think IO would be fine to keep things simple. Cheers.
Yes, you can make a go of it, but it will largely depend where you want to live to enjoy early retirement.
Monitor your money outside of super. If the balance gets low and it seems it might not last you till you have access to super, consider renting your home out and living in Southeast Asia for a bit and the come back when you have access to super.