5 ms·

At your age (if it’s mid 20s) money should be around the bottom of the priolist, later in life that may not be an option

badpun 8y ago
I'm nearing my fourties now. I have saved 27 years' worth of living expenses, assuming my current lifestyle (or longer, if I at some point decide to downgrade). Recently, I have given my notice. I want to finally try something else.
- tasuki 8y ago
  Financial independence and early retirement? With 27 years of living expenses if you invest wisely and don't get unlucky, you shouldn't ever have to work again.
  - badpun 8y ago
    I don't like the "don't get unlucky" part. It would really suck if I indeed got unlucky around the age of 60 or 70, and then had to support myself working as a janitor till I die. In other words, I tend to be risk-awerse.
    - glenneroo 8y ago
      "Unlucky" in my book would be if you died before having the chance to use any of your hard-earned savings ;)
thesimon 8y ago
What would you suggest to optimise for instead?
- walkingolof 8y ago
  Seek to carve out a niche in something that you truly enjoy, even if you like what you do, it (probably) takes time to turn that into something that you also can excel at as well. When young with little in terms of responsibilities you can really push the envelope, you can also afford a couple of false starts.
buboard 8y ago
Why? Making money early saves you years of struggle later and gives you option that nobody else has through their 30s, after which starting new things becomes physically more difficult. Missing out on what everybody else is doing in their 20s, is by definition not something particularly novel. If money is a tool to buy us time, then making them early when u re most motivated and capable is the right strategy imho.
dsfyu404ed 8y ago
Or you could make disciplined by the books financial decisions throughout your 20s and 30s have it easier when you're in your 40s and 50s because you're not trying to quickly save for retirement.

badpun 8y ago

I'm nearing my fourties now. I have saved 27 years' worth of living expenses, assuming my current lifestyle (or longer, if I at some point decide to downgrade). Recently, I have given my notice. I want to finally try something else.

tasuki 8y ago
Financial independence and early retirement? With 27 years of living expenses if you invest wisely and don't get unlucky, you shouldn't ever have to work again.
- badpun 8y ago
  I don't like the "don't get unlucky" part. It would really suck if I indeed got unlucky around the age of 60 or 70, and then had to support myself working as a janitor till I die. In other words, I tend to be risk-awerse.
  - glenneroo 8y ago
    "Unlucky" in my book would be if you died before having the chance to use any of your hard-earned savings ;)

thesimon 8y ago

What would you suggest to optimise for instead?

walkingolof 8y ago
Seek to carve out a niche in something that you truly enjoy, even if you like what you do, it (probably) takes time to turn that into something that you also can excel at as well. When young with little in terms of responsibilities you can really push the envelope, you can also afford a couple of false starts.

buboard 8y ago

Why? Making money early saves you years of struggle later and gives you option that nobody else has through their 30s, after which starting new things becomes physically more difficult. Missing out on what everybody else is doing in their 20s, is by definition not something particularly novel. If money is a tool to buy us time, then making them early when u re most motivated and capable is the right strategy imho.

dsfyu404ed 8y ago

Or you could make disciplined by the books financial decisions throughout your 20s and 30s have it easier when you're in your 40s and 50s because you're not trying to quickly save for retirement.