Damus
utxo the webmaster 🧑‍💻 profile picture
utxo the webmaster 🧑‍💻
@utxo the webmaster 🧑‍💻
Tried so hard during my 20s to achieve FIRE because I hated to work (for a boss)

I drove a Hyundai accent that I bought for $3500 and lived with roommates until I was 30 in one of the most ghetto places in Canada (Scarborough)

Now as I approach 40 (yikes) - my savings should carry me the rest of the way through life without any income.

But Now in a weird matrix where I should be drawing down on my savings and enjoying life, but saving and investing is such an ingrained habit that I feel physically ill spending money, especially in a bear market

But saving to what end? How luxurious does a "retirement" need to be? Spending now while I still have energy feels like a better move than being super rich when I'm 60?

Just thinking out loud while I'm on the can

Pic related
771❤️18❤️2🤙2💜1🧡1🫂1
Telluride · 3d
If Retiring early means not doing anything productive, ill tell you its wildly overrated. After a year of traveling I was ready to “do something” again. Bad habits were forming. If retiring from a daily grind/shit job so you can start a new journey on some project you love, it’s super rewa...
ภ๏รtг๏ภคยt · 3d
Keeps saving. Remember, the value of the dollar is down forever. You might be fine at today's math... But not the retirment math 10 or 20yrs from now when $1 is worth a penny. I'm 35 with zero savings. Prolly don't listen to me and just keep doing what you've been doing. 🫂💜
Kingbee · 3d
The older you get the less you need. Impressed you're thinking about those things at your age. I was wide open back then. Going to live forever. Keep thinking, laughing, and enjoying the journey. It's short.
Libertas Primordium · 3d
Retirement doesn't necessarily mean you stop being productive. It means you stop selling your time and effort to somebody else.
VampireMJ · 3d
100% low time preference is as bad as 100% high time preference so don't forget to enjoy the present time too. ✌
Dr. Science · 3d
maybe youre conflating retirement and living in luxury
charliesurf is rekt · 3d
just don't mess up your retirement by keeping your savings in bitcoin
John James · 3d
The traditional path in the States around careers and retirement is basically: Move to a random place away from your family and friends to get a good job (you won’t see them as much or maybe even very often anymore) then work yourself to death for 30-35 years while your wife does the same and yo...
mister_monster · 3d
Same. You need kids. They're the only reason to leave anything behind after your dead. Living for self service is unrewarding.
Bartertowne Resort · 3d
Come vacation with us, world naked day coming up. Also agree, a woman can spend that in no time if you let her.
Peg Otis · 2d
https://youtu.be/-pjQ0FNzkLQ
₿it₿ees · 2d
Spend on those things you’ve learned bring lasting value. Discernment is your super-power. Congratulations on being young enough to enjoy the recollection of your lean years while savoring your wealth. What a legend!
₿it₿ees · 2d
Somebody has the finest fur coat around.
Bitcrazy · 2d
I love that thought process. I share the same sentiment.
Jordan 🫪 · 2d
What about the dividends? My goal is to build a portfolio that can fuel itself, & fuel me. I know that’ll cost about $2 million in today’s money for about $100,000/year. Right now, I’m shooting for Coast Fire in the short term but if my income does increase I’ll go for FIRE proper.
Sakrileg · 2d
As soon you stop working you lose your price setting ability. Means you can not react to inflation because you can not raise your wage/hour. Inflation is brutal, do this since 10 years and see how devastating it is. Also medical cost are crazy expensive and fees are raising constantly! I would at l...
redsun · 2d
You cannot drastically improve your livestyle by simply spending money. The best things are free or cheap
Sam · 2d
Do you have land , building a home , having animals and being able to grow food will make you more self sufficient and you wont be as stressed spending.