Financial Independence Daily FI discussion thread - Wednesday, August 11, 2021 |
- Daily FI discussion thread - Wednesday, August 11, 2021
- Malaysia just removed itself from the list of FIRE destinations for most people.
- Something that I feel like gets lost on a lot of people here: the entire concept of retiring *at all* is a very recent technological achievement.
- I'm the nurse that achieved LeanFIRE, giving some life updates!
- Van Life As A Means To Achieve Financial Independence?
- Weekly Self-Promotion Thread - August 11, 2021
- Why does it seem like people in FI push you so hard to spend money on "experiences"?
| Daily FI discussion thread - Wednesday, August 11, 2021 Posted: 11 Aug 2021 02:02 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]  |
| Malaysia just removed itself from the list of FIRE destinations for most people. Posted: 11 Aug 2021 05:36 AM PDT You can find my original post about retiring and moving to Malaysia here The "Malaysia My Second Home Program" (MM2H) targeting foreign retirees had been suspended since August last year. The Malaysian government has just re-launched the program, but with some very steep requirements:
Malaysia used to be a very desirable FIRE destination because it was inexpensive, safe, English speaking, had good infrastructure and it was relatively easy to get a retirement VISA. That last item is pretty much gone. If you are FIREd and pulling $10K a month, you probably have better options than Malaysia. Oh well. [link] [comments]  |
| Posted: 11 Aug 2021 12:33 PM PDT Inspired by this tweet by Jason Crawford: https://twitter.com/jasoncrawford/status/1425533463294353423 The full quote:
The Rise and Fall of American Growth by Robert J. Gordon I am posting this because I sometimes feel like people don't appreciate just how amazing it is that it is even possible for some people to retire at a relatively young age. This entire community is a monument to just how wealthy we as a society have become. Go back only 100 years and most people didn't have an option to retire *at all* let alone at 40. It is an incredible achievement in my opinion. [link] [comments]  |
| I'm the nurse that achieved LeanFIRE, giving some life updates! Posted: 10 Aug 2021 09:52 PM PDT I don't know if anyone remembers me, but I'm still getting a lot of private messages from my last post and just wanted to give a quick update! Sorry my last post was taken down, I didn't look at the community rules. I was trying to share my real estate calculator and didn't realize that didn't comply (will not be doing that anymore, sorry). This was the gist of my last post that was taken down: Old post: "I started pretty early at 18. Went through university debt-free due to 40 hour work weeks and scholarships, graduated, and then worked grueling hours in a hospital and COVID ICU the past few years. I bought real estate investments as soon as I started working, am now at 8 doors, and reaching 10 later this year. Thanks to these investments, I now only work 1-2 days a week of my own choice, and have enough to LeanFIRE. I'm pursuing a real estate related business on the side, started an online business, and have time to focus on my health and household!" Life update: I'm now actually looking at transitioning out of nursing entirely by early next year, perhaps even before then. This new COVID surge helped me solidify my decision (unfortunately). Had to get the old COVID gear out again and not too happy about it, and I'm sorry to all of my fellow nurses having to go through this as well. I'm getting my real estate salesperson license, and I started a YouTube channel and blog (not professional by any means yet), to document my journey. I'm still new at all of this and it sucks, but I'm not afraid of trying new things and failing anymore. Also, I don't really care if I make money or not, which is the great part of FI. The worst that can happen is that I have to work part-time again, which is what I was already doing anyway. Fuck it. I'm happy to get the time and energy to pursue my dreams! Pursuing your interests on your own terms comes with its own set of challenges/problems, but these are the type of problems I want. Major life changes like this won't bring you happiness, but bring a new set of better problems to solve. And I believe you find fulfillment in life by solving good problems. I wouldn't have been able to do this if I haven't learned about FI/RE. Glad to have the knowledge of this movement and know the possibilities. Thanks to everyone who messaged me and offered their congratulations! Wish you all the best! [link] [comments]  |
| Van Life As A Means To Achieve Financial Independence? Posted: 10 Aug 2021 05:58 PM PDT What do you think of living in a Van while working a good paying job in order to reach financial independence quicker? I am single and about to finish college. My degree is in tech so at the very least to start out I am hoping to make about 48k annually and after getting some experience 75k is the norm for my field. My plan is to live in a Van while working and to save my money and to invest it. Am I crazy or does this seem like a viable solution? I got this idea after watching people on youtube portray their Van Life lifestyles. [link] [comments]  |
| Weekly Self-Promotion Thread - August 11, 2021 Posted: 11 Aug 2021 02:00 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]  |
| Why does it seem like people in FI push you so hard to spend money on "experiences"? Posted: 10 Aug 2021 05:59 PM PDT I guess it might just be people are wired differently and we'll never really understand each other. I'll read a post that says something like "Yea, I built a house out of recycled shampoo bottles so I don't have to take out a mortgage" and I'll go wow you must have had a huge jump towards FI saving all that money. And they go "Oh no, I didnt get any closer to FI, I spent the savings backpacking in Antarctica for 5 months." Maybe it's because I have not traveled much, but I don't see much difference between throwing away $3,000 on a fancy watch (which I would disagree with someone buying) and a 2 week foreign vacation. At least the watch you will still have a month later (and years to come). It feels like you're kind of looked down on if you buy a new car or a washer and dryer when you didnt REALLY need a new one because you just threw away money that could have helped you FIRE faster. But if you take a year off work, travel Europe, delay FIRE by 5 years, well that's no judgment because it's an experience. And this is not trying to promote spending on materialistic things, I'm just such a cheapo that I think experience spending should be looked at a little more critically than it seems to be. A dollar is a dollar, even if you spent it on something you like more. A penny saved is a penny earned. [link] [comments]  |
| You are subscribed to email updates from Financial Independence / Retire Early. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment