Financial Independence Daily FI discussion thread - February 28, 2020

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• Daily FI discussion thread - February 28, 2020
• I originally joined the FIRE movement because I hated my job so much and wanted to retire early. What I found out recently is that I actually just want to achieve enough financial independence (safety net) to turn a passion into profit. Can anyone else relate?
• A timely reminder: The roller-coaster ride and COVID-19: A timely reminder
• Weekly FI Frugal Friday thread - February 28, 2020

Daily FI discussion thread - February 28, 2020 Posted: 28 Feb 2020 12:09 AM PST 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. submitted by /u/AutoModerator [link] [comments]

I originally joined the FIRE movement because I hated my job so much and wanted to retire early. What I found out recently is that I actually just want to achieve enough financial independence (safety net) to turn a passion into profit. Can anyone else relate? Posted: 28 Feb 2020 06:13 AM PST Description says most of it. Was just curious if I'm alone here I've been so focused on optimizing every aspect of my lifestyle it almost became unhealthy. I wondered how sustainable it was because I was killing myself at a job that I hated and still was many years out from reaching my retirement goal. I realized that it wasn't work itself that I hated but the type of work that I was doing. I decided to adjust my thinking a bit and save enough money for me to take a leap and start my dream venture. I still plan on taking the FIRE principles of frugality, minimalism and maximum savings but for a slightly adjusted goal. Can anyone relate? submitted by /u/sgbaeza20 [link] [comments]

A timely reminder: The roller-coaster ride and COVID-19: A timely reminder Posted: 28 Feb 2020 06:35 AM PST Most of us have heard about the stories of your fortune being cut in half, the gruesome effects of a bear market, and the panic. The last few years have shown us the beauty of financial independence; now, we might be confronted with one of these tests of our nerves. This is just a friendly reminder: It seems that the time has come, where the market is (and might for a while) be taking a hit. The surrounding conditions (COVID-19) aren't really pretty, but keep in mind this is what we "read and studied" about, discussed, and ultimately "trained" for. Let the markets do their thing, stick to your plan, follow the rules your country has for the "surrounding conditions," and whatever you do, do not panic. This is the roller-coaster ride we all agreed to join to have a happier life. Small-time changes in our surroundings shall not influence our long-time goal. I hope this helps. submitted by /u/Phreakasa [link] [comments]

Weekly FI Frugal Friday thread - February 28, 2020 Posted: 28 Feb 2020 12:09 AM PST Please use this thread to discuss how amazingly cheap you are. How do you keep your costs low? How do become frugal without taking it to the extremes of frupidity? What costs have you realized could be cut from your life without pain? Use this weekly post to discuss Frugality in general. While the Rules for posting questions on the basics of personal finance/investing topics are more relaxed here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. submitted by /u/AutoModerator [link] [comments]

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