16 ms·

Wow thank you. Yes my goal is to hit 20k/month just to cover my basic expenses, at which point nearly 100% of my income can go towards my accounts. I'm 23 righ

by rublev 10y ago

Wow thank you. Yes my goal is to hit 20k/month just to cover my basic expenses, at which point nearly 100% of my income can go towards my accounts. I'm 23 right now making $100k USD (in Canada it's around $125k). Expenses are $1500/mo, rest just sits in the bank. I figure if I keep working until I'm 40 (my cutoff age), it'll be much loftier. I also don't plan to live past 65 for personal reasons. When I say 'retire' I really just mean ROI covers life expenses in full, otherwise my sub <20k/year expense lifestyle will do until I die. I still plan on working, just putting all that money into savings. With this new information, how would you adjust your plan? Also can you please clarify the @50 and @40? Do you mean 50% and 40% respectively? Thanks.

oh_sigh 10y ago
> I also don't plan to live past 65 for personal reasons. Can you go into this?
- rublev 10y ago
  I may one day end my life out of exasperation at the culture I live in bearing down with demands for a certain conduct that I cannot sincerely present, but this future isn’t real to me either, just like no future is real, because I don’t currently feel compelled to commit suicide. I do, however, feel that my frustration will progress. Often it seems like what is expected of us in the industrialized world is akin to joining a traveling sideshow and lumbering around in clumsy costumes, doing a song and dance for the simple delight of some abstract, blurred-out crowd. None of my friends or anyone I know are real either. They are all becoming the same person. Isolated hand crafted social networks. No particular philosophy or ideology to bind them except the mindless packed egalitarianism that the media sold to them in a nice little bundle. Clothing. Beats. Startups. Money. Let's get fucked up bro. You thinking DORSiA tonight bro? It's all pseudo. Even the people who are 'into shit' are usually into it just deep enough where they can virtue signal others of the same depth, then jerk each other off about how fucking amazing they are for being the x% of the population into $y hobby. It doesn't matter what club. The attitude comes in all themes - classical music, startups, etc. Most of it is an illusion, I've only met maybe 2 people in my entire life who've dissolved their ego's (no I am not one of them). We've abstracted human connection and communication to such a disgusting degree we're most likely never turning back. And please spare me the mental health responses.
  - sokoloff 10y ago
    65 is a long time from now; your viewpoint on many things is likely to evolve. I would encourage you to plan your finances as if you'll live to 90+, such that any decision to exit early will be driven by your own volition and not by financial stressors. No mental health argument here; I'm just trying to keep it practical.
    - rublev 10y ago
      With all due respect you don't know me. My viewpoint on all things is likely not to evolve. I'm at the end. There are no more 'viewpoints'. Perspective/viewpoint/ideology only go so far. Thanks for asking.
      - sokoloff 10y ago
        You're right, I don't and didn't mean to overstep.
      - oh_sigh 10y ago
        Why do you think your viewpoints won't evolve?
        rublev 10y ago
        I remember how bound to philosophy I was in high school. Every new concept was amazing and gave me strength. It's been years since I've been moved by anything I've read and I don't know why, but it's not for a lack of trying. I also don't think it's a case of "oh you're young" because there's only so much literature out there, and with the internet + basic life trivialities mostly optimized and handled, the amount of time to take in information is an order of magnitude larger than past generations. Just way too much information way too quickly.
        oh_sigh 10y ago
        Have you ever thought of writing your own thoughts down in a more extended form? I think the world only benefits from a plurality of viewpoints, not just viewpoints of the common.
Retric 10y ago
@50 and @40 was shorthand for 50 years old and 40 years old. The point was the older you retire the less money you need. But, also retiring ASAP is often a poor idea as you tend to worry about cash more the less you have. If you are going to keep working then it's a purely theoretical exercise and you can quickly get far more savings than your lifestyle will ever spend. I would also say 65 can feel rather young when you hit 65 or you might not make it. However, planning to have money indefinatly adds peace of mind even if you never spend it. @23 just dump it all in a low cost index fund and ignore it, in 10 years you can rethink the situation. You could easily be married with kids or something. Also, get a solid understanding of the tax implications of what your doing. Some people say having X months of cash on hand is important but selling stocks is hardly the end of the world the real issue is tax deferred accounts can have withdrawal penalties.

by rublev 10y ago

oh_sigh 10y ago

> I also don't plan to live past 65 for personal reasons. Can you go into this?

rublev 10y ago
I may one day end my life out of exasperation at the culture I live in bearing down with demands for a certain conduct that I cannot sincerely present, but this future isn’t real to me either, just like no future is real, because I don’t currently feel compelled to commit suicide. I do, however, feel that my frustration will progress. Often it seems like what is expected of us in the industrialized world is akin to joining a traveling sideshow and lumbering around in clumsy costumes, doing a song and dance for the simple delight of some abstract, blurred-out crowd. None of my friends or anyone I know are real either. They are all becoming the same person. Isolated hand crafted social networks. No particular philosophy or ideology to bind them except the mindless packed egalitarianism that the media sold to them in a nice little bundle. Clothing. Beats. Startups. Money. Let's get fucked up bro. You thinking DORSiA tonight bro? It's all pseudo. Even the people who are 'into shit' are usually into it just deep enough where they can virtue signal others of the same depth, then jerk each other off about how fucking amazing they are for being the x% of the population into $y hobby. It doesn't matter what club. The attitude comes in all themes - classical music, startups, etc. Most of it is an illusion, I've only met maybe 2 people in my entire life who've dissolved their ego's (no I am not one of them). We've abstracted human connection and communication to such a disgusting degree we're most likely never turning back. And please spare me the mental health responses.
- sokoloff 10y ago
  65 is a long time from now; your viewpoint on many things is likely to evolve. I would encourage you to plan your finances as if you'll live to 90+, such that any decision to exit early will be driven by your own volition and not by financial stressors. No mental health argument here; I'm just trying to keep it practical.
  - rublev 10y ago
    With all due respect you don't know me. My viewpoint on all things is likely not to evolve. I'm at the end. There are no more 'viewpoints'. Perspective/viewpoint/ideology only go so far. Thanks for asking.
    - sokoloff 10y ago
      You're right, I don't and didn't mean to overstep.
    - oh_sigh 10y ago
      Why do you think your viewpoints won't evolve?
      - rublev 10y ago
        I remember how bound to philosophy I was in high school. Every new concept was amazing and gave me strength. It's been years since I've been moved by anything I've read and I don't know why, but it's not for a lack of trying. I also don't think it's a case of "oh you're young" because there's only so much literature out there, and with the internet + basic life trivialities mostly optimized and handled, the amount of time to take in information is an order of magnitude larger than past generations. Just way too much information way too quickly.
        oh_sigh 10y ago
        Have you ever thought of writing your own thoughts down in a more extended form? I think the world only benefits from a plurality of viewpoints, not just viewpoints of the common.

Retric 10y ago

@50 and @40 was shorthand for 50 years old and 40 years old. The point was the older you retire the less money you need. But, also retiring ASAP is often a poor idea as you tend to worry about cash more the less you have. If you are going to keep working then it's a purely theoretical exercise and you can quickly get far more savings than your lifestyle will ever spend. I would also say 65 can feel rather young when you hit 65 or you might not make it. However, planning to have money indefinatly adds peace of mind even if you never spend it. @23 just dump it all in a low cost index fund and ignore it, in 10 years you can rethink the situation. You could easily be married with kids or something. Also, get a solid understanding of the tax implications of what your doing. Some people say having X months of cash on hand is important but selling stocks is hardly the end of the world the real issue is tax deferred accounts can have withdrawal penalties.