5 ms·

how much truly free time does one have on a work day? Work, sleep, commute, eat, keep yourself fed, keep you and the house clean, maybe do some exercise and a

how much truly free time does one have on a work day? Work, sleep, commute, eat, keep yourself fed, keep you and the house clean, maybe do some exercise and a bit of whatever out of the ordinary needs to be done (shopping for new shoes, fixing stuff in the house, doing the taxes). Leaves maybe 4h and it's fair to have to rest 1 of it with some no-brain activity. So 3h for family, romance, hobbies, learning non-job related stuff, politics, culture, reading, friends, side projects, building things, helping someone, etc...

ronnier 9y ago
That's why I'm doing everything within my power to work towards getting financially free. It's not easy and it takes time, but I'm getting closer than I've ever been.
- anotheryou 9y ago
  I'll try to reduce work to 4 days a week soon (but I might wait for 12M at the company to pass and discus it along with a promised raise). It's something more immediate and realistic than hoping index funds will carry me one day (and it avoids some taxes... the 8 extra hours don't pay so well after taxes). Good luck to you though, I hope it all works out for us!
  - SnowingXIV 9y ago
    Same boat. It's just hard to ask for more money and less hours at the same time. I'm trying to argue give me a smaller increase at reducing a day to be able to focus on hobby projects or just mental health. Unsure if it'll happen but fingers crossed!
    - anotheryou 9y ago
      Are you in germany by and chance? Law is in this case on the workers side here. (but of course I hope not to have to reference the law at all...)
      - SnowingXIV 9y ago
        I'm not but that sounds great!
- martin1975 9y ago
  just curious, what does your definition of financially free. entail? living off residual income or what?
  - anotheryou 9y ago
    I guess he means something like this: https://networthify.com/calculator/earlyretirement?income=70000&initialBalance=0&expenses=25200&annualPct=5&withdrawalRate=4 https://networthify.com/calculator/earlyretirement?income=70... Might work if you trust index funds, earn quite well in the first place or (plan to) live in a cheap country and you are willing to do the grind for a few years.
  - ronnier 9y ago
    Two things: 1) a good bit of cash and 2) passive income from multiple diverse sources that I can live a good lifestyle from that passive income such that I don’t need to work anymore — though I’ll work for a long time because I enjoy it, but I'll do something specifically that I want to do.
  - scarface74 9y ago
    I'm not really that concerned about financial freedom right now. I am concerned with optionality. Meaning I never want to be stuck at a job I hate. For me that means a combination of staying marketable, keeping my network fresh, and being careful about "lifestyle inflation" so I won't have to always strive for the maximum income. It's a big stress reliever knowing that if things go bad, you can always jump ship.
  - nexus2045 9y ago
    Probably of the Mr. Money Moustache flavour, r/financialindependence. Basically say 750k in index funds so that even a 3% return would net you enough to cover your basic expenses, perpetually.
ummonk 9y ago
Stay-at-home spouse means you don't have to keep yourself fed or keep the house clean, and you have to do less of the ordinary needs as well. The stay-at-home spouse of course doesn't have to work or commute.
- anotheryou 9y ago
  Yes, might be a fun option if all of this applies: - freely chosen - not feeling unaccomplished in comparison to the spouse - not doing 8 hours of chores a day - enjoying time with the kids (if applicable) - still having a say in financial matters - no old fashioned gender roles - financially and educationally independent enough to survive comfortably alone if the partnership fails - you actually want to be in that relationship

ronnier 9y ago

That's why I'm doing everything within my power to work towards getting financially free. It's not easy and it takes time, but I'm getting closer than I've ever been.

anotheryou 9y ago
I'll try to reduce work to 4 days a week soon (but I might wait for 12M at the company to pass and discus it along with a promised raise). It's something more immediate and realistic than hoping index funds will carry me one day (and it avoids some taxes... the 8 extra hours don't pay so well after taxes). Good luck to you though, I hope it all works out for us!
- SnowingXIV 9y ago
  Same boat. It's just hard to ask for more money and less hours at the same time. I'm trying to argue give me a smaller increase at reducing a day to be able to focus on hobby projects or just mental health. Unsure if it'll happen but fingers crossed!
  - anotheryou 9y ago
    Are you in germany by and chance? Law is in this case on the workers side here. (but of course I hope not to have to reference the law at all...)
    - SnowingXIV 9y ago
      I'm not but that sounds great!
martin1975 9y ago
just curious, what does your definition of financially free. entail? living off residual income or what?
- anotheryou 9y ago
  I guess he means something like this: https://networthify.com/calculator/earlyretirement?income=70000&initialBalance=0&expenses=25200&annualPct=5&withdrawalRate=4 https://networthify.com/calculator/earlyretirement?income=70... Might work if you trust index funds, earn quite well in the first place or (plan to) live in a cheap country and you are willing to do the grind for a few years.
- ronnier 9y ago
  Two things: 1) a good bit of cash and 2) passive income from multiple diverse sources that I can live a good lifestyle from that passive income such that I don’t need to work anymore — though I’ll work for a long time because I enjoy it, but I'll do something specifically that I want to do.
- scarface74 9y ago
  I'm not really that concerned about financial freedom right now. I am concerned with optionality. Meaning I never want to be stuck at a job I hate. For me that means a combination of staying marketable, keeping my network fresh, and being careful about "lifestyle inflation" so I won't have to always strive for the maximum income. It's a big stress reliever knowing that if things go bad, you can always jump ship.
- nexus2045 9y ago
  Probably of the Mr. Money Moustache flavour, r/financialindependence. Basically say 750k in index funds so that even a 3% return would net you enough to cover your basic expenses, perpetually.

ummonk 9y ago

Stay-at-home spouse means you don't have to keep yourself fed or keep the house clean, and you have to do less of the ordinary needs as well. The stay-at-home spouse of course doesn't have to work or commute.

anotheryou 9y ago
Yes, might be a fun option if all of this applies: - freely chosen - not feeling unaccomplished in comparison to the spouse - not doing 8 hours of chores a day - enjoying time with the kids (if applicable) - still having a say in financial matters - no old fashioned gender roles - financially and educationally independent enough to survive comfortably alone if the partnership fails - you actually want to be in that relationship