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    Wednesday, October 14, 2020

    Financial Independence Daily FI discussion thread - October 14, 2020

    Financial Independence Daily FI discussion thread - October 14, 2020


    Daily FI discussion thread - October 14, 2020

    Posted: 14 Oct 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.

    submitted by /u/AutoModerator
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    [NY Times Essay] When you have enough, it's time to help.

    Posted: 14 Oct 2020 11:23 AM PDT

    I just read this article and thought it was a well written insight into what seems to be an ordinary journey to financial independence/retirement, and knowing when what you have is 'enough' for you. I'm not anywhere near financial independence, but even in my situation (average salary; no assets) it's a good reminder to enjoy what I have.

    https://www.nytimes.com/2020/10/08/business/mutfund/saving-money.html

    Unsettling though it was not to wake up every morning trying to make as much money as I could, I came to realize that I have more control over my time than I ever have. I am pleased to be able to work as much as I want to and to be able to help others. I am not unique in that. Maybe I'm naïve, but I think just about all of us do what we can. Especially now.

    John C. Bogle and Joseph Heller had the answer.

    All of this has gotten me to recall a story Mr. Bogle, the founder of Vanguard, used to begin one of his books.

    "At a party given by a billionaire on Shelter Island, Kurt Vonnegut informs his pal, Joseph Heller, that their host, a hedge fund manager, had made more money in a single day than Heller had earned from his wildly popular novel 'Catch-22' over its whole history.

    "Heller responds, 'Yes, but I have something that he will never have … enough.'"

    Mr. Bogle used the punchline for the book's title: "Enough"

    submitted by /u/SaltAndVinegarMcCoys
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    Weekly Self-Promotion Thread - October 14, 2020

    Posted: 14 Oct 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.

    submitted by /u/AutoModerator
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    Future of FIRE

    Posted: 13 Oct 2020 11:58 PM PDT

    I have been thinking a lot about the future of FIRE and the stability of the world to sustain while extremely complex and having many residencies built in the stock market Which it is based off of..

    Other concerns are overall stability of global trade, healthcare, population growth and core fundamentals like food and water.

    What's everyone else's though on the next 50 years?

    Would it be better to get more physical assets while they don't have the same or even a negative return a physical asset such as various properties?

    Also if the world is coming to an end does fire matter? At that time it might be the least of my worries, maybe having land somewhere would be more meaningful...

    Maybe one too many dystopian movies for me this week...what's everyone's thoughts or ideas to help deal with this...

    submitted by /u/tingles2233
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