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    Financial Independence Daily FI discussion thread - December 06, 2020

    Financial Independence Daily FI discussion thread - December 06, 2020


    Daily FI discussion thread - December 06, 2020

    Posted: 06 Dec 2020 12:08 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
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    You're 22, single, and work a job that allows you to work remotely from anywhere in the U.S. Where would you live?

    Posted: 05 Dec 2020 09:52 PM PST

    Been looking at Boston and Denver but considering other places as well. Boston is a lil too expensive, both I heard aren't the best for asian minorities. Oddly enough considering montreal (not in usa but heard its great) The goal is to get to FI as quickly as possible without sacrificing too much in regards to quality of life. Looking for places that are cheap, but not boring for someone live in for someone in their 20s and single. Salary would remain the same regardless of location. Making 77k a year pre tax.

    My ideal city:

    Legal weed

    Growing Tech field

    Lots to do, events, city life

    Preferably less driving needed or none at all due to public transportation or ease of walking

    Affordable col doesnt have to be lowest but shouldnt be high. Or at least low property tax and or income tax

    accessibility to unique nature elements such as mountains or beaches are optional but nice

    Would like to hear your thoughts!

    submitted by /u/PM-ME_YOUR_WOOD
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    Getting more depressed as I watch the numbers of my net worth rise. Anybody else go through this?

    Posted: 06 Dec 2020 12:38 PM PST

    So I grew up pretty broke and made financial independence a priority. It was enjoyable hustling and trying to figure out ways to make ends meet in my teenage and college years. Recently graduated college and landed a decent corporate job. I immediately made maxing out my 401K, HSA, Roth IRA, and am dumping any money beyond my emergency funds into ETFs.

    I check my Mint account every couple of days to keep track of all this. Well, end of the year is here, and I maxed out all those accounts like I planned to. What's not so great is that every time I open those accounts and watch those numbers go up, I feel some sort of depression. Like, everything is on autopilot and these numbers going up are meaningless or something. A feeling of, "Is this all my life really is now? Stockpiling net worth?"

    I don't even think it has to do with a lack of spending or hobbies. I have a project car I work on and went on a relatively expensive hiking trip after graduating college a few months ago.

    Has anybody else felt like this in the pursuit of FI? I don't really know what to do to shake this feeling. Just sit outside in the sun more?

    submitted by /u/SensitiveQuail
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