Financial Independence Daily FI discussion thread - April 30, 2020 |
- Daily FI discussion thread - April 30, 2020
- A book suggestion for the Sidebar: "A Man’s Search for Meaning" by Viktor Frankl
- Anyone FIREed with an inheritance without having “earned it”?
- Customizable budgeting tools coming soon to excel
- Pondering why financial education isn't part of the general curriculum in school. Long post about financial literacy.
- Daily FI discussion thread - April 29, 2020
- Weekly Self-Promotion Thread - April 29, 2020
| Daily FI discussion thread - April 30, 2020 Posted: 30 Apr 2020 01:07 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]  |
| A book suggestion for the Sidebar: "A Man’s Search for Meaning" by Viktor Frankl Posted: 29 Apr 2020 05:48 PM PDT Every once in a while we all see the post-FIRE comments dealing with depression and isolation someone has found themselves in. While they have the money to be FI, they didn't build a life for the RE stage. I know we have a few suggestions listed such as MrLlama's "Build the life you want, then save for it" post, which is quite helpful. Under the recommended Books, there's a Philosophy section. There it lists a few including a Stoicism book, "A Guide to the Good Life" which I enjoyed. It took me to r/stoicism which I've been getting more recommendations from lately. Now to the point of this post: Something I've read which I really enjoyed was "A Man's Search for Meaning" by Viktor Frankl. He was a neurologist and psychiatrist who survived 3 years in concentration camps during WWII. He wrote a two part book, the first detailing his experience in the camps, and the second summarizing his "Logotherapy" philosophy. I think it would be a worthwhile book to add to the list. It's a pretty quick read and he has a simple writing style that lets you finish it in about a day. Just as well, he happens to mention money at least once…
It would be good to read if someone is getting a little carried away in the FI part of their life while forgetting to plan for a life to live after reaching it. I know I found it helpful! Take care --simwald0 [link] [comments]  |
| Anyone FIREed with an inheritance without having “earned it”? Posted: 29 Apr 2020 05:40 AM PDT I'm in my 30s and I'm about to receive an inheritance that will take me to FIRE. I haven't done much with my life so I definitely wouldn't have earned it myself without the inheritance. My partner has a high income job so she's a back up if things really go badly. We're planning on having kids so I'll be a SAHD for a while anyway. I'm thinking of just staying home or chilling for the rest of my life afterwards. Anyone have any similar experiences? I'm just looking for some insights that may alert me to some of the pitfalls. [link] [comments]  |
| Customizable budgeting tools coming soon to excel Posted: 29 Apr 2020 06:40 PM PDT So I personally use Mint to aggregate all my data for me and track my budget, but there are always things that I want to calculate (like SWR, debt amortization) that aren't built in. I played around with Excel a bit, but never could get myself to manually update the sheet all the time. Well, looks like Excel will soon support automatic syncing with banks, just like Mint does! [link] [comments]  |
| Posted: 29 Apr 2020 09:36 AM PDT My girlfriend and I were going to our local mountain bike trail yesterday when she brought up why we dont teach financial literacy in school. I, being very paranoid, said it's probably a conspiracy to keep consumers in the debt cycle and spending. I realized how paranoid that sounds not too long after. Plus that's a cheap answer to a good question. But we couldn't really come to a plausible conclusion. We thought, maybe younger people wouldn't absorb the information or downright dislike it so they dont teach it. They cant relate to it. But theres many classes that check those boxes. We called her sister who is a teacher in an urban hub and she said "some schools have options for classes but they're not very popular". Than backed it up with "it should be part of general education". We really couldn't get to the bottom of it. We feel it would have such a good impact on the U.S. if children were taught financial literacy. What are your thoughts? Do we have these classes and I'm just too old and removed? How could we even help feed a change in general education if we wanted to? [link] [comments]  |
| Daily FI discussion thread - April 29, 2020 Posted: 29 Apr 2020 01:07 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]  |
| Weekly Self-Promotion Thread - April 29, 2020 Posted: 29 Apr 2020 01:07 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]  |
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