Financial Independence Daily FI discussion thread - August 20, 2020 |
| Daily FI discussion thread - August 20, 2020 Posted: 20 Aug 2020 01:06 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]  |
| What is the meaning behind the correlation between time, energy and money? Posted: 20 Aug 2020 10:36 AM PDT Very early on in my life I was given the impression that money is basically the key to everything. Want to go for a movie? Got to pay for it. Want to go on a vacation? Got to pay for it. Want to buy a have a family, children, a house? Got to pay a shitload for it. My father stems from a rather poor background and has worked his way up into top management positions where he earns a good amount of money. When I was young, I was told about the 3 pillars of resource: time, energy and money and that typically the distribution between the three of these is like this and the challenge is to crack this seamlessly endless cycle by having enough of the "enabler-resource" money early on in life. I've had this mindset, this goal, as long as I can remember. I traded stuff in school, flipped Yu-Gi-Oh cards, got in to drop shipping, etc. Always with the idea of earning more money in the back of my head. It seems every life decision I've made is focused on this topic, of course up to my career path (currently M22 studying engineering and management in Germany). Now with everything I've done I made a decent amount of money pre-Covid and was lucky enough to know a few people in order to capitalize on the Covid-situation by supplying PPE from china. Covid didn't only help me make money but also gave me some time to sit back and think for a minute. It occurred to me that I never knew what I would do if I would actually break the resource-pillar-cycle and had some money at a young age. It's not like I'm rich and I'm obviously still far away from financial independence but I'm comfortably sitting on about 250k€ cash. So, I guess my actual question is: what does it mean to live? What do people do with their time and energy? Along this process I've never really had any fun in what I was doing. I always thought the fun part would follow later on. To be honest I don't even know what I like or what my interests are. It's amazing to me when I talk to people that are genuinely passionate about something, no matter what that is. I don't have that kind of passion or eagerness for anything really. I literally hate spending time with myself. When I'm not working on anything I don't know what to do with myself and just watch stupid YouTube videos or something else to try and pass the time. I guess this is more of a stupid rant than anything else but maybe someone can help me out somehow. Thanks so much. [link] [comments]  |
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