Financial Independence Daily FI discussion thread - Sunday, June 27, 2021 |
- Daily FI discussion thread - Sunday, June 27, 2021
- “Americans saving too much” - The Atlantic article from this morning.
- How do you respond when people ask how much money you make or how you have attained what you have?
- Financial Independence Software
| Daily FI discussion thread - Sunday, June 27, 2021 Posted: 27 Jun 2021 02:00 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]  |
| “Americans saving too much” - The Atlantic article from this morning. Posted: 26 Jun 2021 07:34 PM PDT What the U.S. Loses When Americans Save Too Much "It's awkward for a card-carrying economist to urge people to save less. But Americans of late have been saving not to finance their kids' education or their own retirement; they've been saving as a precaution against the possibility that the pandemic might ravage their lifestyle. All of that saving didn't capsize the economy only because Washington stepped in with checks for nearly everybody. Because those are ending now, along with the worst of the pandemic, Americans can support a strong economy by saving only for their future needs and not out of fear." [link] [comments]  |
| How do you respond when people ask how much money you make or how you have attained what you have? Posted: 27 Jun 2021 07:33 AM PDT The core question is in the title. This is just a back story that prompted the question if anyone is interested. I imagine that many FI folks find themselves in these types of conversations on occasion. I ran into someone I used to be close friends with in early undergrad. We were roommates but had a falling out over something that I don't recall. I hadn't seen him in probably 7-8 years. He reached out to me on Facebook randomly and we started chatting. He's a nice guy and I think he wanted to be friends again. A couple of months had gone by and we had talked about our families, sports, whatever, but I never talked about my job or house. I eventually invited him and his wife over for dinner to meet my family. It was a fun evening all around. He and I went to a soccer game yesterday and he started asking me about my house, cars, finances, etc. He basically told me his entire financial situation. I would not say that he has been unsuccessful, but there are noticeable differences between our lifestyles and we find ourselves far wealthier than him. I didn't know how to respond to his questions so I mostly just changed the subject or downplayed our own situation to try to level the playing field. How do you respond in situations like these? [link] [comments]  |
| Financial Independence Software Posted: 27 Jun 2021 12:59 PM PDT Hey everyone! I am a software engineer who has been considering developing a web application for Financial Independence. This software would not be a budgeting software but rather help set goals and track progress to those goals with gamification and financial models. This software would be tailored to your specific circumstances and investment principles. I personally have struggled setting financial independence goals based on my current income and desired lifestyle, so I thought something like this could help. Let me know if any of you would be interested! Suggestions? Let me know! [link] [comments]  |
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