jasonjp1016

I wouldn't make the mistake that this is some be all end all philosophy. In fact this is probably really basic shit that should be taught in high school. But unfortunately this is not taught nor is it common sense. The best part is there is nothing to buy. You simply need to educate yourself on a few basic principles and put it to work. An example would be if you put away $100 a month from age 18 to 65 at 10% interest year over year (the S&P 500 index has a historical rate of 10%), you would have $1,046,369.82. And your total contributions in that 47 year span was only $56,400. That's the power of compound interest. Even someone with a really low paying job could probably come up with $100 a month to invest. Hell, even if you don't want to retire early or ever, most people are going to want to put money away for the future for unexpected events and life circumstances unless you have an obscene amount of money on hand. I'm actually shocked by the negative reaction from some posts. I'm simply sharing something that I think could help a lot of people along their journey. You could even look at as a type of fail safe if something doesn't work out. Thats my peace.

I’m investing 3k to 4k a month depending on what I have going on.

@flowboy I’m living it right now, everything you described cannot be further from the truth. Stop making assumptions. Spending less then you make, what a crazy idea!! Geez

@flowboy I would say everyone’s life is unique in where they are at. If you want to be an entrepreneur by all means do it. This is just one of many ways to get there. It’s something I discovered and have become fairly passionate about. I wished would have known about this a lot sooner in life. And I hope at least it helps a few people out in their journey. There’s a ton more information out there if do some research.

@Hello from Russia If these topics don't resonate with you that's fine, do what works for you. I'm just trying to share information with others that has greatly improved my life.

I think you have a big misconception about the topic. Snap judgement I suppose but nothing you said is the reality for many who are on this journey. It's anything but lazy, you essentially have to become an engineer of your life to make any of this happen. If it was easy or lazy everybody would be doing this. In fact it takes much discipline.

@Hello from Russia Perhaps you should actually watch the content before you post comments. There's quite a few nuggets of wisdom in there.

Hello everyone, just wanted to share some links that I thought could help some folks out here with money issues. I've attached an excellent video by Mr. Money Mustache explaining the title. And I've listed a link for more practical information on the subject. I've started this journey 3 years ago after lots of research and haven't looked back. https://www.mrmoneymustache.com/2013/03/07/how-about-that-stock-market/

Everyone’s situation is unique but I feel being creative could be more fun and less stressful when you’re not worried about paying rent or worrying about whether you’re going to get paid. Not to mention whether you’ll be successful or not. How many good athletes never make the majors? To answer the analogy, not many. You can still live a really nice life while spending less then you make. It’s not that hard to make money if you have some type of skill. And this strategy is doable for many Americans whether they are aware of it or not. Most probably cannot balance their checkbook or keep track of their spending. To be honest what I’m proposing isn’t exactly a novel idea.

I'm aware of that point in time. If I understand correctly you could also put money in the bank and make some serious interest during those years. I remember in 2009 all the people losing their mind over potential inflation and nothing really serious happened and it's happening again right now. The bad thing about right now is you lose money if you save in a bank thru inflation, because of interest rates being so low. Who knows what's going to happen, I'm not smart enough to know. I used to get caught up in but try not to worry about anymore. Anyone who seems too confident about the future is probably full of shit.

Ha, I can understand that.

I actually have a really good career this is still moving forward 18 years later, but I want the flexibility if I want to change things in the future.

You need higher income if you want to expedite the process for sure. Also you might be surprised how far your money will go when you stop spending on things you don't need or things that don't make you happy. As far as hyperinflation, anything is possible I suppose but I wouldn't be so pessimistic. It happens in poor countries ie, Zimbabwe, Venezuela, etc but the U.S. is still an economic force in the world. Until that changes I have my doubts you would ever see hyperinflation anytime soon.

I would agree. It's not uncommon when people have no purpose after retirement they die sooner then later. Also it's true the money isn't gonna make you happy. For a lot of us, it's just the next stage of our lives to take a chance on something else and not worry too much about the outcome.

Also this doesn't mean you retire and do nothing it just means you're more flexible to do what's really important.