Comments on: COVID-19: The Wake Up Call We ALL Need https://modernfimily.com/covid-19-the-wake-up-call-we-all-need/?utm_source=rss&utm_medium=rss&utm_campaign=covid-19-the-wake-up-call-we-all-need Helping other families and individuals reach financially Independence Thu, 10 Dec 2020 06:40:00 +0000 hourly 1 https://wordpress.org/?v=6.5.2 By: Court and Nic https://modernfimily.com/covid-19-the-wake-up-call-we-all-need/#comment-312 Mon, 20 Apr 2020 03:11:52 +0000 https://modernfimily.com/?p=2538#comment-312 In reply to Kim.

Thank you Kim – totally agree. We shall see over time if a higher taxed system creates a kinder and more caring culture – I hope so!

]]> By: Court and Nic https://modernfimily.com/covid-19-the-wake-up-call-we-all-need/#comment-311 Sun, 19 Apr 2020 12:39:26 +0000 https://modernfimily.com/?p=2538#comment-311 In reply to The Family Escapes.

Love the thought of wanting to be below 4%, we too are striving to be below 3%. With that teamed up with flexibility and forced lower spending during these times, you’ll be fine!!

]]> By: Kim https://modernfimily.com/covid-19-the-wake-up-call-we-all-need/#comment-310 Sun, 19 Apr 2020 04:20:58 +0000 https://modernfimily.com/?p=2538#comment-310 Thank you for a GREAT article. Reflected exactly what I have been thinking. I think a system that collects taxes to use for the well being of all creates a kinder, more caring culture. I know it’s not perfect. And I too hope this is a wake up call for our over spendy society.
Thanks so much for all your wonderful content. Keep it coming!

]]> By: The Family Escapes https://modernfimily.com/covid-19-the-wake-up-call-we-all-need/#comment-309 Sat, 18 Apr 2020 23:23:14 +0000 https://modernfimily.com/?p=2538#comment-309 ]]> In reply to Court and Nic.

Cheers, will have a listen. As for withdrawal rate, we want to stay well below 4%, ideally below 3%. It’s a ‘medium term target’ though, as we moved internationally after retiring, and we are still adjusting to new prices, lifestyle, etc.
I can confirm thought that during lockdown we’ve spent way less than usual 😅

]]> By: Court and Nic https://modernfimily.com/covid-19-the-wake-up-call-we-all-need/#comment-308 Fri, 17 Apr 2020 02:16:46 +0000 https://modernfimily.com/?p=2538#comment-308 In reply to The Family Escapes.

Gah great start indeed! But like you said, you’re learning lots from the get go which is a blessing in disguise and also understanding how to be flexible from the get go. Are you guys using a 4% safe withdrawal rate?

To help further ease any of your worries, have you listened to this podcast episode with Michael Kiches yet? It’s definitely worth a listen and he’s someone I highly respect!

https://www.biggerpockets.com/blog/biggerpockets-money-podcast-120early-retirementasset-allocation-safe-withdrawal-rates-michael-kitces

]]> By: The Family Escapes https://modernfimily.com/covid-19-the-wake-up-call-we-all-need/#comment-307 Thu, 16 Apr 2020 22:52:47 +0000 https://modernfimily.com/?p=2538#comment-307 It sucks, of course. But looking at the bright side, we've learned a lot from it especially as we are at the beginning of our early retirement. We now understand 'for real' how important it is to be flexible and not overstretched financially. Having said that, not for a single minute we have thought "we shouldn't have retired".]]> We retired very recently, and almost immediately hit the pandemic, the lockdown (currently week 5 here), and the dreaded sequence of return risk. Great start!🤨

It sucks, of course. But looking at the bright side, we’ve learned a lot from it especially as we are at the beginning of our early retirement. We now understand ‘for real’ how important it is to be flexible and not overstretched financially.

Having said that, not for a single minute we have thought “we shouldn’t have retired”.

]]> By: Court and Nic https://modernfimily.com/covid-19-the-wake-up-call-we-all-need/#comment-297 Fri, 10 Apr 2020 14:08:54 +0000 https://modernfimily.com/?p=2538#comment-297 In reply to Sarah | Keepin’ It Frugal.

Thanks friend! Yea I could have regurgitated the whole message on our chat haha. Of course I feel horrible for so many people struggling both from a financial standpoint and a health standpoint and that can’t go missed. But I do hope that we all get a bit of a shake up and reassess our spending and saving!

]]> By: Court and Nic https://modernfimily.com/covid-19-the-wake-up-call-we-all-need/#comment-296 Fri, 10 Apr 2020 14:01:07 +0000 https://modernfimily.com/?p=2538#comment-296 In reply to Tawcan.

Fingers crossed! Here’s hoping to people being more aware of their finances and environmental impact.

]]> By: Sarah | Keepin' It Frugal https://modernfimily.com/covid-19-the-wake-up-call-we-all-need/#comment-294 Fri, 10 Apr 2020 06:13:22 +0000 https://modernfimily.com/?p=2538#comment-294 Ah you speak my mind woman! Haha. Loved this post, finally got to sit down and read it. Now I see what you mean when we were chatting earlier – great minds. We just feel so ‘ready’ for this situation. We’ve been enjoying the downtime together and still feeling like we’re living in ‘holiday mode’ which is our normal ;).

Agree with you and Adventures With Poopsie – while it’s a horrible time for some – hopefully they’re learning from their past choices and making new ones going forward so they don’t end up there again!

]]> By: Tawcan https://modernfimily.com/covid-19-the-wake-up-call-we-all-need/#comment-293 Fri, 10 Apr 2020 04:41:19 +0000 https://modernfimily.com/?p=2538#comment-293 I am optimistic that things will be better in the long run. People need to change how they spend money. As humans we also need to change how we see the Earth and how we protect the environment. Open your eyes people!

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