Currently 30 and on a journey to be work optional by 40 | Financial Independence Retire Early
Joined August 2024
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Imagine you’re 48 with a wife and 3 kids
You have $4,500,000 between a taxable account, IRA’s and a 401(k)
You go into work one day and your boss tells you that you need to start picking up your performance
How would you react?
Now imagine if you had the same situation come up but you only had $8,000 in an emergency fund with absolutely no retirement savings
See the difference?
Money really shifts the power balance at work
It is so much easier to show up each day knowing you’re financially stable
Imagine you’re 48 with a wife and 3 kids
You have $4,500,000 between a taxable account, IRA’s and a 401(k)
You go into work one day and your boss tells you that you need to start picking up your performance
How would you react?
Now imagine if you had the same situation come up but you only had $8,000 in an emergency fund with absolutely no retirement savings
See the difference?
What type of buyout would it take for you to voluntarily quit?
For me it would be 4-6 months pay if it was spring and closer to 9 if it was fall
If they covered insurance for a year then this might change slightly
BREAKING: Microsoft, $MSFT, is offering buyouts to 60,000 workers as part of the company’s efforts to cut costs amid AI adoption, per Bloomberg.
Personnel on select teams in the US, Canada, India, and the UK at a vice president level and below will be eligible.
This reflects ~27% of Microsoft's total workforce.
Have you ever heard of Alex Zanardi?
He lost both of his legs in a CART crash
What did he end up doing after?
He competed in the World Touring car championships and 24 hours of Daytona
He also won 4 Para Cycling olympic medals and 12 World Championships
You can achieve anything if you want it bad enough
I've said this before, but if your liquid net worth is over $100k and you aren't happy, money isn't going to fix it
It is most likely something different/deeper
It has to be fulfilling knowing that you are contributing so much to society (not to mention his contributions from the business he runs)
Now imagine if instead of them talking to you about your performance it was notifying you of a layoff
How different would the drive home be for person A vs person B?
Imagine you’re 48 with a wife and 3 kids
You have $4,500,000 between a taxable account, IRA’s and a 401(k)
You go into work one day and your boss tells you that you need to start picking up your performance
How would you react?
Now imagine if you had the same situation come up but you only had $8,000 in an emergency fund with absolutely no retirement savings
See the difference?
Buying my car in cash at 22 and driving it until 32 (and still going) is the single best financial decision I ever made
Fun rundown of the cars I’ve had:
My car ownership history:
-Bought $5,000 car in cash when I got my license (had some luck here because I had money from a settlement from acrash when I was kid)
Drove that car until it wouldn’t run any more
-Bought a $200 car that someone was selling in their front yard when I graduated college
Drove that thing until I saved up enough cash to buy a 3 year old used car outright
-Bought a $11,500 car in April 2017 and still drive it to this day
Since I got that car at the same time as my first “real job” I always joked that I want to keep it until I retire early but I think I’ll upgrade in the next 12-24 months and buy a nicer car… in cash of course
My car ownership history:
-Bought $5,000 car in cash when I got my license (had some luck here because I had money from a settlement from acrash when I was kid)
Drove that car until it wouldn’t run any more
-Bought a $200 car that someone was selling in their front yard when I graduated college
Drove that thing until I saved up enough cash to buy a 3 year old used car outright
-Bought a $11,500 car in April 2017 and still drive it to this day
Since I got that car at the same time as my first “real job” I always joked that I want to keep it until I retire early but I think I’ll upgrade in the next 12-24 months and buy a nicer car… in cash of course
Nothing will change with my strategy no matter what, but I am excited for this weeks earnings
Strong earnings from companies like $V, $MSFT and $GOOG and I will feel like early retirement is right around the corner
Horrible earnings and I will probably get to add to my index funds at a discount
I'm going to win no matter what, but I'm excited to see how I'm going to win
People voted for this guy?
xitter.cf/WatcherGuru/status/211…
This might be the most accurate thing I’ve ever read
As a 32 year old I admittedly need to shut up more
Every career goes something like this:
22-26: You think everyone above you sucks
26-31: You're mad your friends make more than you
31-36: You're finally as good as you think you are and flaunt it way too much
36-41: You realize how much you don't know
41+: You finally learn to stf up and listen
If you’re still in your 20s and 30s, try to skip a few steps… I wish I did.
