u/Either-Inspection-66

Working towards FI while having children

Hi all, I just became a recent parent (30yo) and would love to hear your opinion and views on how having children has changed your FIRE horizon and ways you try to manage it. Could be a change in your own lifestyle or even just a change in perception.

I once heard a friend said that each kid delays the parents' retirement by 10 years. Of course it's just a generic statement.

For myself the immediate impact I have felt thus far are

  1. I tend to leave work on time nowadays, whereas I used to OT and join networking sessions before. Now it is too early to see any impact on career.

  2. Expenses are higher now I have a baby - hospital delivery, baby products, perishables

  3. Infant care coming soon, and even though we will choose government or POP schools, it will still take about $900 per month

While my family is okay managing these increases, and the baby has brought us so much happiness and gelled our parents/in-laws together, sometimes I do think about how my retirement plans will be affected. Considering I will probably try to have one more kid in the near future.

Thank you in advance for your thoughts!

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u/Either-Inspection-66 — 6 days ago

When jumping job feels right until it's not

Hi all! Just wanted to ask if any of you felt that a particular job switch was the right decision at the time, and as time slowly passes in the new company, you kind of low-key regret it?

Could be that you wished you had stayed in your old job or maybe switched to another job instead?

For my case I jumped job for a 22% base salary increment but after staying in the job for 3 years now I got an average of 2.5% increment each year.

At that point of jumping I was probably ahead of my peers but after 3 years all of them are getting a total compensation that is 30% higher than mine. Nonetheless, I am still grateful for the new job as the people are really nice and the work tempo is pretty good.

Interested to hear other stories too!

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u/Either-Inspection-66 — 11 days ago