Financial Independence Weekly Self-Promotion Thread - August 07, 2019 |
- Weekly Self-Promotion Thread - August 07, 2019
- I want to FI because I don't want to end up like my parents.
- Society of Actuaries - Viability of the Spend Safely in Retirement Strategy
- Daily FI discussion thread - August 07, 2019
- One Fifth of Americans are Working Past 'Retirement Age' of 65 - Not Beacause They Can't Afford To
- what kind of work would you pursue for non-monetary rewards if you were financially independent and didn’t need the money
- Opportunity Cost of Being Mortgage Free
- Would you share your job with someone?
| Weekly Self-Promotion Thread - August 07, 2019 Posted: 07 Aug 2019 01:08 AM PDT Self-promotion (ie posting about projects/businesses that you operate and can profit from) is typically a practice that is discouraged in /r/financialindependence, and these posts are removed through moderation. This is a thread where those rules do not apply. However, please do not post referral links in this thread. Use this thread to talk about your blog, talk about your business, ask for feedback, etc. If the self-promotion starts to leak outside of this thread, we will once again return to a time where 100% of self-promotion posts are banned. Please use this space wisely. Link-only posts will be removed. Put some effort into it. [link] [comments]  |
| I want to FI because I don't want to end up like my parents. Posted: 07 Aug 2019 06:34 AM PDT Before 2007, my father was in his 50s. He had a decent job working as an electrical engineer, though he usually has to work out of state and he's sometimes unemployed back then with periods of unemployment last a few years. Unfortunately, he's not financially intelligent so he didn't prepare saving up for his retirement and he spends like he has no budget. After the Great Recession hit, he's unable to find a job. It frustrated me seeing my father stay home every day while my mother had to work overtime at her medical billing company every day to support her family. Being around them filled me with anxiety that I had trouble landing my first job for 6 years. Fortunately, I found one and I've been putting as much money as I could in my 401k and Roth IRA. I may not reach FI, but I'll try for CoastFire. I wish I started working 6 years earlier. I would've needed to work another 3 years to have enough money to retire by 67, [link] [comments]  |
| Society of Actuaries - Viability of the Spend Safely in Retirement Strategy Posted: 07 Aug 2019 09:26 AM PDT Has anyone had a chance to read through this yet? I'm still working my way through it. Even if this doesn't apply to my exact financial situation, I always learn something useful from reading about different strategies for spending in retirement Society of Actuaries - Viability of the Spend Safely in Retirement Strategy [link] [comments]  |
| Daily FI discussion thread - August 07, 2019 Posted: 07 Aug 2019 01:08 AM PDT Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! Have a look at the FAQ for this subreddit before posting to see if your question is frequently asked. Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. [link] [comments]  |
| One Fifth of Americans are Working Past 'Retirement Age' of 65 - Not Beacause They Can't Afford To Posted: 07 Aug 2019 08:31 AM PDT https://www.businessinsider.com/baby-boomers-working-past-retirement-age-healthier-2019-4 Article in comments. What do you FI'ers think about this? To me, it screams a generation of people that have only ever defined themselves by their work. If you're feeling like there are no limitations to the kind of work you can do, why sit behind a desk?? It feels like insanity. [link] [comments]  |
| Posted: 07 Aug 2019 01:48 AM PDT Stolen from the much smarter and more interesting Michael Kitches in this blog post - https://www.kitces.com/blog/dan-ariely-payoff-complex-motivations-of-money-retirement-financial-independence-work-rewards/ I find the question at the heart of what is bugging the hell out of me right now, I don't want to retire, I want to do work I find personally rewarding and enjoy to some degree. Unfortunately, I can't seem to answer the above question for myself, can you? Here's the extract I find most interesting at the end of the article: Nonetheless, as human beings, our brains do appear to be hard-wired to pursue rewards (and avoid punishments). And that drive to pursue rewards, combined with our ability to delay gratification, creates our capacity to do "work" today in order to generate the (financial) rewards that allow us to not work later. Yet recognizing that a significant portion of our rewards are social and interpersonal (and non-financial), and that we can be intrinsically motivated as well, helps to reveal why so many end up continuing to "work" even after it's no longer financially necessary. Which is crucial to understand, because planning for work after we reach financial independence can actually make it financially possible for us to make the transition even sooner! Which means in the future, perhaps the real question to ask is not "how much do you need to retire", but "what kind of work would you pursue for non-monetary rewards if you were financially independent and didn't need the money… and how much money would you likely end up earning from that effort anyway?" And then plan accordingly! [link] [comments]  |
| Opportunity Cost of Being Mortgage Free Posted: 07 Aug 2019 03:34 PM PDT Maybe this belongs in r/personalfinance or r/relationship_advice, but this crowd may have better insights... If your house is paid off, should your live-in boyfriend/girlfriend pay rent? Assume all other recurring expenses (utilities, food, etc.) are split equitably. Would the answer be different if you had a mortgage, but had the funds to pay it off? If so, why? I'm trying to understand what bearing asset allocation should have here. The predominant view on the interwebs is that you shouldn't charge rent if your house is paid off. This ignores the opportunity cost of that money not being invested elsewhere. How would one even go about calculating the opportunity cost in a convincing and not relationship-ending way? [link] [comments]  |
| Would you share your job with someone? Posted: 06 Aug 2019 06:35 PM PDT I just read this fascinating BBC article about two women sharing the same job across 7 different roles. One works Mon-Wed, the other Wed-Fri and they have one overlapping day ( https://www.bbc.com/worklife/article/20190710-could-you-share-your-job ). Assuming that the overlapping day is to transition work. As I near my FI date, I am beginning to reconsider whether I actually want to stop working. The more I think about it, the more I would love to work 2.5 to 3 days a week after my FI date. Most companies would not offer part-time work but the concept of sharing the same job sounds very interesting to me. Anyone doing this in a high paying white collar profession? [link] [comments]  |
| You are subscribed to email updates from financial independence / early retirement. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment