Fatfire Net Worth

Unsubscribe at any time: In a comment responding to my recent post about making better decisions in the face of uncertainty, a. info_outline 91: Net Worth of 650K - 33-Year-Old Sales Manager on FIRE 07/22/2019 91: Net Worth of 650K - 33-Year-Old Sales Manager on FIRE Todd, a 33-year-old sales manager (wife works in project management) shares his story and investment allocation. At the end of 2018, we had grown our networth by $51,065. Also, you may be underselling yourself by focusing too much on specific technical knowledge. Using the 25x multiplier, this equates to a target nest egg of $2. FIRE (or Financial Independence Retire Early) has been a growing theme over the last. if you're planning on moving, just count whatever excess portion of the equity you have in it is above the cost of the new home. While frugality is not top of the mind for many large W2 wage earners, for those higher on the net worth ladder there is a tendency to be very careful in how money is spent on the bigger purchases. Adjust up or down as necessary. Once you have that number, you'll need to subtract any debts you owe. Happy Saturday and welcome to the 43rd episode of the 'Blogger Confessions' interview series on the blog. If my seven years of cash runs out in a down market, I'll probably seek a loan from him until a market recovery. This puts our current net worth a bit shy of $330,000. In that 30 year period his net worth moved from 600 million to 58 billion, (~90X growth) which is incredible. But net worth doesn't tell the whole picture, not by a long shot. But despite that, our net worth keeps growing. March was a pretty boring month, net worth wise. Property, stocks, art, and stamps can all help you build your net worth. Our current FIRE Number in EUR is 1. If you could just do two things, slowly, over a period of 5-8 years: pay off your debt and max out your 401k, then that could propel you on to a huge net worth down the road. I'm going to read 3 parts per day over the next 10 days. A huge part of wealth building is learning how to increase your net worth. The gold standard is six months worth of expenses. Today we're going to explore the six stages of financial freedom. On that Friday, the market tanked, volatility went up and he is down $200,000. At this point even if you guys just track the market, your net worth is going up six figures plus a year lol…. Justin retired at the age of 33 with 1. Since I doubt we would ever spend $10,000 in a month, this would likely ensure that our net worth/portfolio constantly receives injections instead of being drawn down. 5M is the target. We’re over $6. FatFIRE is a State of Mind. A FatFIRE, you’ll be needing much more. It’s important to work on keeping this speed value as low as possible. You may (rightfully) think this would be a cause for celebration, but writing about it surfaced a lot of old memories from a childhood of scarcity. I'm going to re-read JL Collins Stock Series from start to finish. Even if I work until the benefit kicks in, I would be retiring at 57-quite a bit before most of my peers plan to retire. I'm 51, married, and have a son who's 28. I’m pursing fatFIRE and I also think it’s the smart approach. At you current net worth/ net worth trajectory, and your household income, i think beating the market just isn't quite worth the hassle factor. But when the stock market has a sale, or the real estate market has a sale, everybody runs away. 6% of where we started. Current and future Income. There's satisfaction just by seeing the numbers jump higher. Financial Samurai is focused on Fat FIRE. Any goal you want in life (including financial freedom) is reachable through a few key habits and a little bit of time. The PIE Effect. We’re the opposite of the careful, thoughtful engineer types who consistently get better at spending, etc. Related to your net worth. I'm 51, married, and have a son who's 28. Other folks don't have to make that choice, but they should be more aware that not everyone wants the same version of life they have. “When Walmart has a sale, everybody would run in to buy. As someone whose family spends a bit more than the average household, I’ve been a fan of the fatFIRE scenario. Adjust up or down as necessary. New Reader? Get free regular updates from Can I Retire Yet? on saving, investing, retiring, and retirement income. Money Flamingo is a blog about reaching Financial Independence and Early Retirement in Australia. I’m curious to know how much house someone buys who’s worth 2 million. So how are we going to FIRE? Our time horizon is quite long - 16 to 17 years at. They maxed out their 401(k. My husband and I are definitely pursuing fatFIRE. I suppose my priority is overall highest quality of life. Our net worth when I retired… We should first start off by discussing our net worth. Peter Thorpe, a career firefighter based in Provo, Utah, had seen it all. This included paying down our mortgage and investing in a diverse portfolio of ETF/LICs. There are plenty of acronyms out in the world, especially in finance. - not usually in the bank. The dude is no idiot. Awesome reveal ERN! Unfortunately for me some close friends of mine discovered my anonymous blog on the internet but it's fine as it's opened up a whole new conversation on saving money and frugality that we just didn't have before. My net worth has continued to grow even though I am no longer generating much earned income and I am living off my rental income and retirement savings. And if you choose to earn supplemental income because it makes you happy, by all means do so and pad your net worth even more. Financial Independence (FI) is different from retirement. “When Walmart has a sale, everybody would run in to buy. It's really quite simple. Listen to Richer Soul, Life Beyond Money with 135 episodes. 3-4million at 36 in a LCOL area could give you a very nice lifestyle. If you aren't too familiar, a quick Google search will help define those for you. We're over $6. Track Your Net Worth Over Time Personal Capital's net worth calculator allows you to look at all the variables that make up your net worth and helps you understand how each has impacted your net worth over time. There have been many times when their ideas have run counter to the group. You'll see your current net worth, retirement cash flow, and then it gets really interesting. New articles weekly. Is 401k part of net worth keyword after analyzing the system lists the list of keywords related and the list of websites with related content, in addition you can see which keywords most interested customers on the this website. 10 if redeemed at the Bottle Drop. There is a lively community of fatFIRE proponents online. I’ll show you why Personal Capital will help save more, invest wisely, and have fun building your net worth. Today we're going to explore the six stages of financial freedom. Recently I shared how, despite our aversion to employment, our net worth has continued to grow by leaps and bounds. It starts with an emergency fund. John, aka ESI Money, was a business executive for 28 years before he retired at age 52 with a $3 million net worth. There’s even a Facebook group devoted to this started by the Physician on FIRE! Morbidly Obese FIRE (moFIRE). It's natural to be afraid when you see your net worth dropping. Our gains came primarily from the stock market and home equity. I have calculated 3 target figures for FI. I assume he's a C permit holder and he already subtracted income taxes from his income. For example, if you spend $40,000 a year, you would be financially independent when you've saved up $1,000,000. That's far more than I ever earned in a single year while I was working, and proof that assets can earn you far more than a job ever will. After reviewing his answers, I realize that I’m part of the Net Worth Nudist Colony! Scary! But wait, don’t click away! It’s not what you think it is… There are approximately 476,492,292,928 personal finance blogs last time I checked. Join more than 17,000 subscribers. FatFIRE is a State of Mind. Aug 02, 2017 · About 60% of Livingston's net worth came from savings, and about 40% came from investing, primarily in a combination of low-cost index funds, options and municipal bonds, depending on the market. Then it really began. Continue Reading about The One Tool That Will Make You Build Wealth. Property, stocks, art, and stamps can all help you build your net worth. It remains to be seen how much we'll increase our net worth by December of this year, but we continue to feel really positive about our budget, since we've gotten a month ahead , and our debt , since we only have our home mortgage left. Grew up in a family of middle class to upper middle class. My question is: At what net worth level does Bogleheads Philosophy fail to carry the day?. So getting a reality check every now and then definitely helps. For example, spending $40,000 a year requires around $1,000,000 in net worth if you're using the 4 percent foundation. I am interested specifically in financial independence; as I am well below the traditional retirement age, this technically means 'retiring early'. funds, and 50% in international funds. Many people think that your net worth is a symbol of how much money you have sitting in your wallet or in the bank… it’s not. I'm a lesbian and have lived many places and have felt unsafe in many places. If you find yourself enjoying this blog, please add to Xrayvsn's superpowers by subscribing (your email will be kept private and you will get up to date emails regarding the latest posts and bonus material like my net worth spreadsheet template I created). if you're planning on moving, just count whatever excess portion of the equity you have in it is above the cost of the new home. I no longer manage my 55 rental units, so I am free to travel or stay home as I like. He devised a plan to double his passive income and double his net worth in five years. Our gains came primarily from the stock market and home equity. 58% increase from our 2016 year end net worth. Fatfire Woman. Our net worth is now 62. Expect to find daily community threads, weekly net worth updates, and a variety of informational posts. A rap artist and businessman, Fat Joe is the CEO of. If you're eager to learn, willing to share your experience, and maybe a tad curious about other people's financial details, you might very well find solace in the virtual company of other personal finance enthusiasts on reddit. 2M, is currently living abroad as an officer in the military. - not usually in the bank. That'd be realistically possible if the original number was cash and the net worth one included leveraged real estate with unrealized gains. You know like PF, DINKS, FIRE, FatFIRE, etc. Yields are lower. So where is Dr. The point where these lines intersect is your FI Age -- the age in which you'd have enough to be financially independent. Grew up in a family of middle class to upper middle class. net uses a Commercial suffix and it's server(s) are located in N/A with the IP number 198. I’m pursing fatFIRE and I also think it’s the smart approach. Only 50% more to go this year! I joke, because that's a lot of net worth to add in a year at our net worth level. Property, stocks, art, and stamps can all help you build your net worth. At this point even if you guys just track the market, your net worth is going up six figures plus a year lol…. New book & giveaway: “Quit Like a Millionaire”. That being said, as your net worth grows, it gets easier to fall prey to the "I'm a genius and invincible" line of thinking (read "What I Learned Losing a Million Dollars" book to see what I mean) because you start to attribute the growth to skills rather than luck. Being aware of his changing needs in relation to his net worth saved him money. What is fatFIRE? What fatFIRE Looks Like To Me. Although I was a little hesitant to share information like this years ago, I realized that it's important to openly talk about it for a couple of reasons: 1) It can be motivational for others. But since we're not selling, factoring the 10% back in, we're at $1. And if you choose to earn supplemental income because it makes you happy, by all means do so and pad your net worth even more. The number required for each individual will depend on a number of factors such as: Asset allocation (the mix of assets that make up their net-worth) The types of assets owned; Length of retirement. 0 million in net worth but wife still plans to work to 65 because she likes what she does. This is still fairly modest. It's natural to be afraid when you see your net worth dropping. This is a fair result for the year — a 22. Our net worth is now 62. It's important for anyone, but it's critical for FIREs. if you're planning on moving, just count whatever excess portion of the equity you have in it is above the cost of the new home. Financial Independence (FI) is different from retirement. Retirement means the end of your working life (although as people retire younger and live longer, the definition is changing). DA: 85 PA: 86 MOZ Rank: 67. In that 30 year period his net worth moved from 600 million to 58 billion, (~90X growth) which is incredible. The post Everything You Need To Know To Retire At 30 - FIRE is part of a series on personal finances and financial literacy published at Wealth Meta. The magic of compounding has delivered some fantastic results for him. I’m curious to know how much house someone buys who’s worth 2 million. If you don't know when you have enough then you'll never feel safe - you'll never be free and you'll never feel or be financially independent. I'm a pediatrician married to a physiatrist and we are in pursuit of Financial Independence from a negative $450,000 net worth to. Multiple Passive Income Streams Are The Best Ways For Making An Income Online. We’re over $6. This post may contain affiliate links. After reviewing his answers, I realize that I’m part of the Net Worth Nudist Colony! Scary! But wait, don’t click away! It’s not what you think it is… There are approximately 476,492,292,928 personal finance blogs last time I checked. My lifestyle adapts over time and over the years I want to have the possibility to spend more than currently possible. Many people who post here have been blessed, are fortunate and hardworking. It will make it bigger (FatFIRE) or smaller (LeanFIRE). Figure out your net worth. We never had an emergency fund and never plan to have one. if you're planning on moving, just count whatever excess portion of the equity you have in it is above the cost of the new home. Those who already retired: What was your networth when you retired? Please exclude home value in this and specify the home value separately Also please indicate your family size (single, family, family with x kids etc) and also your age at retirement. There is a lively community of fatFIRE proponents online. My husband and I are definitely pursuing fatFIRE. We're now firmly in the 50%+ camp, meaning that since we started this experiment, we've increased our net worth by over 50%. A fairly large percentage of population considers real estate, fixed deposits and gold as the go-to investments and will run the other way from equities and to a lesser extent from mutual funds. From The Retirement Manifesto … 5 reasons why we decided to fatFIRE, and 8 lessons each of us can learn from the FIRE community, even those on a more traditional path to retirement. It’s important to work on keeping this speed value as low as possible. I see a lot of people who save and save and invest and invest, forever growing their net worth but with no end goal in sight. You eat more and shittier foods than the rest of us. Once you have that number, you'll need to subtract any debts you owe. But when the stock market has a sale, or the real estate market has a sale, everybody runs away. I also write about finances, real estate, and life. "Market crashes are the best times to buy," he said. Here are the three levels of financial independence I’ve come up with. This is the amount of net worth you need to have accumulated before you can be financially independent. It's also great for tracking spending / cost of living, and projecting time to retirement. Here's my full review. It's also pretty addicting. However, she has kept to her mantra of simplicity in life. A FatFIRE, you’ll be needing much more. Brené Brown, a transformative new vision for the way we lead, love, work, parent, and educate that teaches us the power of vulnerability. You know like PF, DINKS, FIRE, FatFIRE, etc. We never had an emergency fund and never plan to have one. Advanced investment strategy for wealth building and retirement. It's important for anyone, but it's critical for FIREs. There's even a Facebook group devoted to this started by the Physician on FIRE! Morbidly Obese FIRE (moFIRE). You are describing FATFIRE, which I calculated requires about 3M in AUM to sustain. This does not include any other assets other than our home and investments. Expect to find daily community threads, weekly net worth updates, and a variety of informational posts. The blog chronicles the final 1000 days of our journey to freedom. I also assume a modest salary growth of 1% (plus inflation) per year. The number 25 is a loose guide and acts as a starting point. $10 off stuff you are already buying* - we all have thing we buy regularly, from coffee to hotel rooms. He devised a plan to double his passive income and double his net worth in five years. And if you choose to earn supplemental income because it makes you happy, by all means do so and pad your net worth even more. FI comes before RE for good reason. Adjust up or down as necessary. The PIE Effect. I prefer this method of investing as I believe it is safer, much more profitable, and hedges well against fiat currency inflation. Curious about owning a franchise? Check out this transcript from episode #7 with Kenny Rose from Semfia. Some of our net worth going down was due to tapping our HELOC for some siding repairs. You will also see how much you will likely need to maintain the standard of living that you've got. FatFIRE is a State of Mind. Peter Thorpe, a career firefighter based in Provo, Utah, had seen it all. There's satisfaction just by seeing the numbers jump higher. Doubling my asset base would mean reaching the two and a half million dollar net worth mark and increasing my passive income stream to about $100,000 a year. A fairly large percentage of population considers real estate, fixed deposits and gold as the go-to investments and will run the other way from equities and to a lesser extent from mutual funds. What is the easiest, most certain way to achieve anything? Daily habits. Instantly it doubles his/her net worth. Using the 25x multiplier, this equates to a target nest egg of $2. Both should form part of your net worth calculation. With Fat FIRE, you are truly free to live like a boss and do whatever you want, wherever you want in the world. What is the easiest, most certain way to achieve anything? Daily habits. Then it really began. funds, and 50% in international funds. The Move from LeanFire to FatFire The Financial Gladiator discusses why he wants to go back to work. Do you have a target net worth you are trying to attain? As mentioned, $2. It's also pretty addicting. 2M, is currently living abroad as an officer in the military. Create memorable experiences, get the inside scoop, and even skip the line. Any goal you want in life (including financial freedom) is reachable through a few key habits and a little bit of time. While frugality is not top of the mind for many large W2 wage earners, for those higher on the net worth ladder there is a tendency to be very careful in how money is spent on the bigger purchases. The money saved by being aware of changing needs and net worth is now basically income. You can literally follow 13 years of almost monthly net worth updates in its archives, the amount going from 184,000 to 1. It's mostly in retirement accounts, so there wouldn't be a conversation about using some of those gains to pay down the mortgage anyway. The book in question is Warren Ingram's: Become your own financial advisor. Conventional FIRE research suggests retiring when you reach 25x your yearly expenses in net worth. The other line is your net worth at each age. And it's strange, but I'm not sure how I feel about it. For an explanation of our Advertising Policy, visit this page. When it happens, and it will, take the opportunity to analyze that fear of loss you feel. What are you currently doing to maintain/grow your net worth? Mostly, set it and forget it… I do watch it for rebalancing purposes, but I recreated my own investment policy/strategy several years ago, as detailed above, and plan on sticking with it. That's why net worth charts began springing up on blogs in the personal finance space. And if you choose to earn supplemental income because it makes you happy, by all means do so and pad your net worth even more. This is a fair result for the year — a 22. Thinking about the $2 million goal, I reflected briefly on how a 1% unnecessary aum or “asset under management” fee would cost $20,000 per year. Fat Tire Tours offers bike tours to popular attractions throughout Europe and the US. FatFIRE is a State of Mind. I think it will be "Morbidly Obese" (rather than "Fat" ) for us. Net worth wise, we'll have to see what kind of percentage increase we get. I am proud to belong to the finance blog community dedicated to. In fatFIRE, one aims to support annual expenditures of $100,000 or more. Would be nice to find a couple bloggers though too. Is that fear tolerable or toxic? Use your fear to determine how much risk you are truly comfortable taking. The money saved by being aware of changing needs and net worth is now basically income. Whether I am, or not, really is not the purpose of this post. We're about to get pretty personal on the Youtube channel and share with you guys some details about how much we make, how much we spend, how much we save, and what our net worth is. LMM has written and talked about it in the past, but some in the personal finance world devote their blog or podcast to the FIRE movement entirely. finance-guy. We have already modeled each component's growth in the previous section. He devised a plan to double his passive income and double his net worth in five years. *FREE* shipping on qualifying offers. A Peek Inside Sullivan & Cromwell Partner Pay Jay Clayton, Matthew Goldstein, Net Worth, Politics, SEC, Securities and Exchange Commission, Securities Law,. From the chart below, to live the FatFIRE lifestyle, you'd need to build at least $3m worth of net worth by age40 to get a $100,000 gross income rate. is Betterment investing worth it for ME??. This is mainly because there are a million variations and abbreviations on what FIRE can be. An additional objective of the 95% rule is that your portfolio retains the same value at the end of the term as you started with, rather than merely remaining "in the black". Our net worth when I retired… We should first start off by discussing our net worth. The real high net worth. 5, we will have Required Minimum Distributions (RMDs), which will force us to start withdrawing 3. It still has to apply to the 25x-30x rule of LeanFIRE but the net worth number is naturally bigger. He has more than me but his money is also more accessible. Some of it will just come down to how long we want to wait once we see a reasonable end in sight. Since that conversation, our mortgage balance is $9,000 less, and our net worth is $300,000 more. 1 million copies sold!From thought leader Dr. Our net worth when I retired… We should first start off by discussing our net worth. What’s the best way to get started on your own FatFire journey? Although it may seem daunting, it’s actually quite easy to get started on your own FatFire journey. It remains to be seen how much we'll increase our net worth by December of this year, but we continue to feel really positive about our budget, since we've gotten a month ahead , and our debt , since we only have our home mortgage left. They say childhood poverty has. There is such a thing as being fatFIRE frugal. My lifestyle adapts over time and over the years I want to have the possibility to spend more than currently possible. This is the entry level considered by many bloggers for fatFire, others call it Financial Abundance. I heard an interesting observation the other day when a retiree compared their net worth to the pension equivalent… In your case, as at January 2019 your net worth of $382k is equivalent to 10 years of the Australian pension for couples (full aged pension for 2 people is $35,916 together - with supplements). “Market crashes are the best times to buy,” he said. net reaches roughly 3,311 users per day and delivers about 99,342 users each month. Reading and reading and reading. Fully Funded Lifestyle Change is different than FIRE (Financial Independence Retire Early) because it doesn't require 'retiring'. Oct 13, 2018 · (FatFIRE is the the pursuit of financial independence and/or early retirement on at least an upper-middle class lifestyle. An additional objective of the 95% rule is that your portfolio retains the same value at the end of the term as you started with, rather than merely remaining "in the black". I prefer this method of investing as I believe it is safer, much more profitable, and hedges well against fiat currency inflation. I have a lot of deep financial fears that worry me. Many people think that your net worth is a symbol of how much money you have sitting in your wallet or in the bank… it’s not. In 2017, our net worth increased by $570,180. For example, spending $40,000 a year requires around $1,000,000 in net worth if you're using the 4% foundation. Imagine the conservative 4% rule at 10M, you are now living on 400k per year. Then, I started thinking about it all and decided that I don’t care about leanFIRE or fatFIRE. 875M EUR, with 1. Probably overconcentrated into real estate for most, I suspect. There are plenty of acronyms out in the world, especially in finance. The Hospital With so many different physician financial blogs out there, it is tough to keep track of all the great content being published on a daily basis. The milestones I used were when net financial worth hit 1 quarter, 1 year, 3 years, 10 years, and 30 years of living expenses, at which point you graduate to FI. I have calculated 3 target figures for FI. It's really quite simple. New Reader? Get free regular updates from Can I Retire Yet? on saving, investing, retiring, and retirement income. Forty-year-old multi-millionaire considering FATFire. Early on, focus on getting to FI. Then it really began. If you have the right mindset, losing 30%-50% of your net worth in the stock market is not enjoyable, but it's also not devastating. We love this topic because it smacks not only of success (about making it to financial independence) but also breaking the game. Same with 5 million net worth, 10, etc. You instantly see how the changes impact your finances now and into your future. Having debt completely nullifies any other wealth-building activities. High income early retirement (FatFIRE) We're not just looking for a frugal retirement - we want to make the most of life and world. Without knowing when we have enough, we're navigating blind. Hard work, good planning and very good luck has put us in a position where an $8K deposit and a $16K total job isn't devistating. Could also mean net worth doubled rather than investment amount. All three levels of financial independence should meet the following basic criteria: 1) No need to work for a living because investment income or non-work income covers all living expenses into perpetuity. There’s even a Facebook group devoted to this started by the Physician on FIRE! Morbidly Obese FIRE (moFIRE). Justin retired at the age of 33 with 1. The specific timing on your retirement can wait until your net worth reaches a significant size. Do You Have Unclaimed Money?. When you have no net worth, are living life on a loan, and have no active earning power, your time isn't worth much. 1 million copies sold!From thought leader Dr. You'll see your current net worth, retirement cash flow, and then it gets really interesting. Using the 25x multiplier, this equates to a target nest egg of $2. Reading Time: 2 Minutes And it's back. If you've heard about the FIRE movement (Financial Independence, Retire Early) within the personal finance world, then you need to know that we want to belong to the "HiFIRE" (High Income) or "FatFIRE. net uses a Commercial suffix and it's server(s) are located in N/A with the IP number 198. When you retire, you face two interconnected risks – time and money. The money saved by being aware of changing needs and net worth is now basically income. This means that leanFIRE should be talking about budgets under 20k/household/year and fatFIRE should be down to 42k/household/year with the other half being saved and invested. I'm going to read 3 parts per day over the next 10 days. From the chart below, to live the FatFIRE lifestyle, you'd need to build at least $3m worth of net worth by age40 to get a $100,000 gross income rate. Is there a term for a goal beyond fatFIRE, like a really, truly enormous total net worth? If so, that is the type of FIRE I want to pursue. In fatFIRE, one aims to support annual expenditures of $100,000 or more. Read unlimited* books and audiobooks on the web, iPad, iPhone and Android. 0 million in net worth but wife still plans to work to 65 because she likes what she does. The use of Treasuries was made very clear by a few 9-figure Net Worth types who are members of the FatFIRE group. Any goal you want in life (including financial freedom) is reachable through a few key habits and a little bit of time. Moneyblog has grown a huge net worth. That being said, as your net worth grows, it gets easier to fall prey to the "I'm a genius and invincible" line of thinking (read "What I Learned Losing a Million Dollars" book to see what I mean) because you start to attribute the growth to skills rather than luck. I am the type. In this post we look at the three ways you can do this and they all have one thing in common: taking action. We love this topic because it smacks not only of success (about making it to financial independence) but also breaking the game. My net worth is no where near the top 1 percent rich. That's why net worth charts began springing up on blogs in the personal finance space. On that Friday, the market tanked, volatility went up and he is down $200,000. No one accidentally gets to 360. A FatFIRE, you'll be needing much more. From the chart below, to live the FatFIRE lifestyle, you'd need to build at least $3m worth of net worth by age40 to get a $100,000 gross income rate. Living the FatFIRE Life I was recently asked what it was like to live the FatFIRE life (Financial Independence, Retire Early, but not on a skimpy budget). What is fatFIRE? What fatFIRE Looks Like To Me. The Real Estate Math Handbook: Simplified Solutions For The Real Estate Investor [Jamaine Burrell] on Amazon Example of real estate math. What's the best way to get started on your own FatFire journey? Although it may seem daunting, it's actually quite easy to get started on your own FatFire journey. FatFIRE is a State of Mind. I'm a computer programmer, and I have been learning some new code. In terms of the rule of 33 - I tend to think 3% is a little too conservative.