Press question mark to learn the rest of the keyboard shortcuts Life gets a lot better when you realize the only way for most of us to get ahead is to fight for it with pure determination, It's such a delicate balance. He has seen a financial advisor before, however hasn't done anything with the advice. Join. Economize in those three areas and you can still toss your name brand clothes (smartly purchased on sale of course) in your clothes dryer while you enjoy the occasional $4 starbucks sugar drink.The post also illustrates the fallacy of binary thinking. You made me re think some things. With this potential life change about to occur I could basically sell up and relocate now. Forget that and focus on the big three - housing, transportation, and food. 69 comments. I did have degree with a 3.85 GPA. Fully paid off house... His pension now (600k) however has been shot because of the downturn in markets.
You don't even need to be highly educated, most tradesmen, construction, and other skilled physical labor workers make pretty good money.New comments cannot be posted and votes cannot be castMore posts from the financialindependence communityThis is a place for people who are or want to become Financially Independent (FI), which means not having to work for money. Seeing ads on crypto and other get rich schemes...Since retiring he has become ultra frugal and doesn't spend any money.
I had 0 debt and $5000 to my name due to the many scholarships I applied for and the cheap in-state tuition. Clothing and clothes dryer usage make up such a tiny part of the average budget.
).Seems like the lostgeneration post centers around the fallacy that you need to end up in NYC/SF/other HCOL cities to reach early FI, when I think the opposite is true. I'll admit that I leveraged my own wordings from some applications into others, but it took me something like 350 hours to finish it. hot new top rising. I'm just lucky to have a salary that allows me to relatively easily save much beyond 10% which is what I see in most general articles recommended saving target.I think they're mostly right about needing to be lucky to retire in your 30s, but anyone can retire in their 40s. I am not subject to the 10% early withdrawal penalty as a retired Federal Law Enforcement Officer. Due to the virus can't travel. Interesting take on the FI crowd from disillusioned millenialsI sympathize with folks who feel lost, down, forgotten, or left behind.Many of us have been there before, or will find our way to such a place at least a few times in our lives.But I think every effort should be made to limit self-pity and defeatism more generally.These are natural feelings and there's no shame in having them. They may even contain a hint of truth about one's present situation.That said they are habit-forming, energy drains, and accurate only to a point.They will almost certainly undermine any effort one makes to do something interesting or different or personally satisfying.One will almost certainly learn more slowly, think less creatively, appear less attractive, and give up sooner under the influence of such types of thinking than they otherwise might.That is unfortunate, compounding the effects of any rotten luck one has had or poor choices one has made in life, and negating a lot of good luck and great choices.This seems to me to be a handicap worth mitigating as much as possible.If you believe in nothing else, at least believe that you're probably a little more capable -- and a little less hopeless -- than you might feel.And realize that most positive steps in life pay a dividend of some kind, often for the rest of your life.Hope you will forgive the rambling nature of this post.I remember when I was in my second to last semester of grad school December 2011, I was absolutely devastated believing that I wasn't going to be able to get a job.
Apologies for my long post, however thought more background would be useful.I recently moved back home due to virus (31yo son), work in fintech with hedge funds.
He was on a decent salary and took early retirement. Early retirees need the compound long-term growth that these investments provide. I'm debating moving all my investments to a Vanguard ISA (charge 0.15%) as I invest solely in Vanguard index funds.My question is about the money existing in my Hargreaves Lansdown ISA.
I try to apply the same discipline to my current work situation. Pretty sure I can find alternate transportation. save. If you can't retire in your 30's, why work toward FIRE at all?
I feel that they are fine from a financial perspective and shouldn't be anything to worry about. Those people either had very high income or got lucky with their investment.
Wealth and Financial Independence/Retire Early r/ fatFIRE. Hiring was frozen in the dinky state that I'm from. This can cause people to feel overly defeated and not persevere in attempting to find success.
But evaluating the marginal utility of the first/second/third car that you/your family get, and evaluating what you should spend on one, is still a good idea.These type of blog basically serve as a counterpoint to the spend-spend-spend keep-up-with-the-Jonses culture that mainstream media commonly portrays. Position. top. But I doubt any additional evidence or facts would do nothing to persuade them that FI is possible for many of them (maybe not at 30, but 40, 50, 60? Find that he is in this state of paralysis by analysis and ends up taking no action. But many of those on Reddit are early (or before) their career.
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