Seb's FIRE Journey

For the 2 years my boss has kept trying to get me to apply for a promotion at work I keep saying NO! As a person on a financial independence journey, why would I say no to more money? As a 32 year old man why would I say no to growth? It is because it isn’t the right fit. The position would pay $20-25k more a year (which would finally give me a six figure income!!) but with it I would have to manage a team, work weekends and have at least 3x the responsibility These are 3 things I have no interest in. I value my weekends way too much and don't want to manage people The financial side is also interesting. After taxes the increase would probably be about $15k. I would now be working an extra 10 hours a week at least potentially including weekends!! This isn’t enough for me and here is why! I already have a plan to retire in under 8 years based on my current income. My savings rate is already 70%. I enjoy my flexible schedule that allows me to go to local sporting events and meeting up with friends right after work Although I’m not financially independent yet, having the financial foundation that I built so far allows me to avoid taking a job I don’t want and lets me continue living intentionally while waiting for the right opportunity Would you go for the promotion if you were in my shoes?

@BitcoinTeacher_ Haha I know you were But I also have to accept that VOO is and will outperform inflation

@SparkingFIRENC If we are being honest I was talkin about things like Bitcoin and Metals

The purpose of my account isn’t to get everyone to full port 100% bitcoin It’s to maybe start the conversation of: “Maybe we shouldn’t be 100% USD anymore because of the rate they are devaluing our money” It’s PERSONAL finance after that thought process, and I respect it all.

@FindleysFinance Mine is around 65-70% of gross Working on lowering it

For those of you who have a solid financial plan, what is your average monthly savings rate? Include investing. Mine is roughly 30% of gross currently.

@GrahamCompton It has been a solid month

Closing in on the end of the month, how are people feeling about their monthly net worth update? You all do one, right? right?

@ModernDayInves Especially those without a plan

The economy isn’t that bad when you own assets. It’s only the people that don’t own anything that complain.

My early retirement strategy wasn’t clear until I learned about Roth conversion ladders Those paired with long term capital gains tax rates in my taxable account are going to lead the way for my plan

@InvestingAddict Just above $250/day currently 🤝

Invest As Much Money As You Can And You Will Be Financially Free

@InvestingAddict I’d be much wealthier if I hadn’t been afraid of it taking too long

High earners don’t complain that index funds take too long to build wealth. Broke 20 year olds do.

@ThinkAppraiser How about tv’s? Or gas? Or banana’s?

The cost of everything has AT LEAST doubled in just the last 10 years Has that ever happened in history?

@HarryNippleNYK Haha VOO and chill is what I’m going to be doing now

@SparkingFIRENC Do it. Fuck “$VOO and chill”

From 32 to 42 I’m going to invest like I wish I did from 22 to 32

Going to try to bring the average up to 9,000 steps per day by year end 😤

@itsthewealth4me Happy to be riding the wave

You have to be in on this Especially if you constantly are referencing inflation $0 minimum funds via Fidelity you can invest into, to have exposure: $FZROX $FNILX $FZIPX $FZILX Research so you have more information

@medinvestor13 🤝

@SparkingFIRENC Say it seb

I hate these posts You invest so that you can have control over your time If you are sitting there staring at charts all day you’re wasting your fucking life

@Mattihcq1 Never

How often do you trade with margin or leverage?

@Strachota73 It is crazy to even try to conceptualize this lol

@SparkingFIRENC Very nice. Once you hit that million the annual dollar amount growth is wild. We've seen many years where the growth of our investments out earn our 9-5.

I make $85k per year Once I have a $1,000,000 net worth my index funds will roughly match that each year Not to mention these gains will be much more tax efficient

@smaugizbored On a scale of 1/10 how risk on are you?

@SparkingFIRENC 33. Port crossed 1M last summer in paper gains but I didn't sell and it's since come down quite a bit. The name that brought me to that point is a high conviction stock with a lot more runway (just very volatile rn), so while hindsight is 20/20, it'll be back. Still hurts though

@Crypto_Force_1 And people will waste a ton of time watching stocks

@SparkingFIRENC Every equity will be tokenized and trading 24/7 within 5 years. It's already happening.

@rotten_guts5 😂😂

$VOO and chill guys calling their wife after checking account tomorrow

@MoInvestingHQ Keep it simple

What’s the best peace of investing advice you’ve ever heard?