Financial Independence Daily FI discussion thread - Saturday, December 11, 2021 |
- Daily FI discussion thread - Saturday, December 11, 2021
- Tracking Other Measures Of Net Worth
- Need advice starting FI during MBA
- Make it count. How has the journey to FIRE affected your perception of what is most important in life?
- Age of plenty
- Daily FI discussion thread - Friday, December 10, 2021
- Weekly FI Frugal Friday thread - December 10, 2021
| Daily FI discussion thread - Saturday, December 11, 2021 Posted: 11 Dec 2021 02:02 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. [link] [comments] |
| Tracking Other Measures Of Net Worth Posted: 11 Dec 2021 10:05 AM PST The writer Wendell Berry has said that "To have everything but money is to have much." The profundity of that statement has hit me recently. On the road to financial independence, the value most people track is their net worth. And rightly so. But other standards in life are valuable too. Intimacy with your spouse/partner, work that gives purpose and satisfaction, healthy relationships with family, physical health, a close network and community of friends: each of these things are valuable but not measured in your net worth. You don't "need" them to be financially independent. But they are worth-while and are the very foundation of a good life. Someone in this sub needs the reminder (as I often do): Build a beautiful life while saving your money. Don't wait to live a good life until you have built up money. Life consists in more than the abundance of possessions. What are some other measures of "worth" not tracked by VTSAX? [link] [comments] |
| Need advice starting FI during MBA Posted: 11 Dec 2021 10:45 PM PST Hey guys, I'm a 27 year old data scientist/ computer engineer from Southeast Asia making about $28,000 (bonuses included). I was fortunate enough to receive a full tuition scholarship from Kellogg. However, they do not cover the living expenses so I will have to use all of the savings that I have so saved up so far. I plan to work in a tech firm in the US right after the MBA. My questions are:
Thank you so much! [link] [comments] |
| Posted: 10 Dec 2021 08:35 AM PST Recently my friend's uncle died. He worked until 66. The same week after he retired he found out he had pancreatic cancer. He died within a month. It made me think about the top list of regrets the dying have I looked up a few years ago. This list is from Bronnie Ware's book: The Top Five Regrets of the Dying - A Life Transformed by the Dearly Departing "I wish I'd had the courage to live a life true to myself, not the life others expected of me." "I wish I hadn't worked so hard." "I wish I'd had the courage to express my feelings." "I wish I had stayed in touch with my friends." "I wish that I had let myself be happier." I think we all on some level may be here because the standard life path of working until the standard age and then retiring isn't palatable to us. That being said, there are still no guarantees. You could die tomorrow. I have to catch myself sometimes. I get too caught up in getting to FIRE when I should be more mindful of the things that matter most and living a life of few regrets. How has this journey affected your own perception of what is most important in life? [link] [comments] |
| Posted: 11 Dec 2021 10:07 PM PST I like to call this the age of plenty. In the US, there are record number of job opening and people dont want to take them. There is the great resignation going on. People are quitting their jobs and can literally dictate terms to their employers for the hikes they want. Also the WFH and remote working has taken off, means employees have never had it this good for a long time. Then stock markets are also doing really well and it doesnt look like a bubble at all, it is not like 2000 dotcom when stocks were going up without earnings. Now most of the bellwether stocks have solid earnings. Although FED is going to tighten, I dont think we will get real interest rates positive for a long time. This means financial repression continues, which is great news for people who hold assets and for risk taking. All this means we are a spoilt generation. Great jobs and million dollar networths are like the norm now rather than an exception. So I wonder how all this impacts the FIRE calculations? As we all know ultimately what we have is financial assets and everyone has it. But real assets there is a shortage. Ultimately all this financial assets the only use is for it to convert it to real assets to enjoy. So all this financial prosperity that we are enjoying, I wonder if it is too good to be true and what is going to be the side effect of it? Should we consider holding more real assets rather than financial assets? Should our calculations now take into the fact that everyone is going to have great jobs and lot of wealth, so relatively FIRE numbers need to be much more than what used to be proposed in the past. I just feel something doesnt seem right, it cant be this easy. [link] [comments] |
| Daily FI discussion thread - Friday, December 10, 2021 Posted: 10 Dec 2021 02:02 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. [link] [comments] |
| Weekly FI Frugal Friday thread - December 10, 2021 Posted: 10 Dec 2021 02:00 AM PST Please use this thread to discuss how amazingly cheap you are. How do you keep your costs low? How do become frugal without taking it to the extremes of frupidity? What costs have you realized could be cut from your life without pain? Use this weekly post to discuss Frugality in general. While the Rules for posting questions on the basics of personal finance/investing topics are more relaxed here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! 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] |
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