5 ms·

30 days of vacation and I work only from 9 to 6, sometimes a little bit more, but not so much. Not really counted as overtime. Europe, ofc. I go to gym and try

30 days of vacation and I work only from 9 to 6, sometimes a little bit more, but not so much. Not really counted as overtime. Europe, ofc. I go to gym and try to enjoy the summer as much as I can. Productivity tips: organize your life and move to a decent country with a decent culture. American work culture is terrible, so is Asia. You can make 10 trillions of dollars, but there is no way you can buy the 30 seconds that it took me to write that answer. I think those bad ideas are contagious so if you live in America, it is very unlikely that you will be able to balance well your life as everything there is about consumerism and it will eventually get you, maybe more in the country side that might be possible, but I can't see that happening in a big city. Live a simple life. Once you are dead, it is over, so enjoy your time.

velcrovan 8y ago
What country do you recommend?
- thiago_fm 8y ago
  Strong European countries(the ones of the north) or wherever you can get a good deal and enjoyment, rather than just focusing on compensation.
rak00n 8y ago
On the other hand software engineering job in US pays a lot so you can do a (relatively) quicker home run to financial independence if you don't fall into consumerism.
- thiago_fm 8y ago
  Can you give me an example of somebody that did that? :-)
  - niij 8y ago
    Mr. Money Mustache is the big name in the FIRE (financial Independence; retire early) community. But a lot of people doing FIRE are in tech in some way. I think it's a left brain thing, which people in software/tech have both the left brain mentality and financial capability to make early retirement happen. Resources: https://www.mrmoneymustache.com/blog/ https://www.mrmoneymustache.com/blog/ https://www.bogleheads.org/ https://www.bogleheads.org/ https://www.reddit.com/r/financialindependence/ https://www.reddit.com/r/financialindependence/
    - thiago_fm 8y ago
      I believe he makes more money from this than he was able to saved up. It is really a thing in America to believe in schemes that will make you rich/enable you to live off your investments. I know it. Why retire early? I value being able to work. Not to mention that they generally talk about living frugal lifestyles, which I'm not a fan of. I like investing, making money etc. But all those retire before X schemes rely on people not understanding economics. Today you might have like 25x your yearly income or something that would enable you to retire, but as inflation, new currencies and changes in taxation and government policies, you will eventually get wrecked in the next 30-40 years. Just check how much the taxation in America has changed in the last 30-40 years and now try to believe that with your saved money you can live until you die.
      - niij 8y ago
        > It is really a thing in America to believe in schemes that will make you rich/enable you to live off your investments Personally, I don't think living frugally is a scheme. Spending less than you make and resisting the urge to buy things you don't need are the basic ideas behind financial independence. Investing your excess income allows for passive income to be generated. Obviously this isn't viable for everyone, but if you're in a position of highish income and don't mind living frugally for some years, it's amazing what you're able to save. Some countries that tax their residents very high amounts (ex: many European countries) it might be harder to get ahead, but still not impossible to save I'd imagine. > Why retire early? I value being able to work There's nothing wrong with that! But for people who are interested in retiring early, they may have other goals in life besides their career. Retiring early allows for travel while you're still young and healthy, volunteer work, etc. Loving your job is a great thing and I think it's possible to work towards financial independence and enjoy your work. > Just check how much the taxation in America has changed in the last 30-40 years and now try to believe that with your saved money you can live until you die I'm not sure how taxes relate to the ability of my investments to generate returns. Could you elaborate a bit more on this?

velcrovan 8y ago

What country do you recommend?

thiago_fm 8y ago
Strong European countries(the ones of the north) or wherever you can get a good deal and enjoyment, rather than just focusing on compensation.

rak00n 8y ago

On the other hand software engineering job in US pays a lot so you can do a (relatively) quicker home run to financial independence if you don't fall into consumerism.

thiago_fm 8y ago
Can you give me an example of somebody that did that? :-)
- niij 8y ago
  Mr. Money Mustache is the big name in the FIRE (financial Independence; retire early) community. But a lot of people doing FIRE are in tech in some way. I think it's a left brain thing, which people in software/tech have both the left brain mentality and financial capability to make early retirement happen. Resources: https://www.mrmoneymustache.com/blog/ https://www.mrmoneymustache.com/blog/ https://www.bogleheads.org/ https://www.bogleheads.org/ https://www.reddit.com/r/financialindependence/ https://www.reddit.com/r/financialindependence/
  - thiago_fm 8y ago
    I believe he makes more money from this than he was able to saved up. It is really a thing in America to believe in schemes that will make you rich/enable you to live off your investments. I know it. Why retire early? I value being able to work. Not to mention that they generally talk about living frugal lifestyles, which I'm not a fan of. I like investing, making money etc. But all those retire before X schemes rely on people not understanding economics. Today you might have like 25x your yearly income or something that would enable you to retire, but as inflation, new currencies and changes in taxation and government policies, you will eventually get wrecked in the next 30-40 years. Just check how much the taxation in America has changed in the last 30-40 years and now try to believe that with your saved money you can live until you die.
    - niij 8y ago
      > It is really a thing in America to believe in schemes that will make you rich/enable you to live off your investments Personally, I don't think living frugally is a scheme. Spending less than you make and resisting the urge to buy things you don't need are the basic ideas behind financial independence. Investing your excess income allows for passive income to be generated. Obviously this isn't viable for everyone, but if you're in a position of highish income and don't mind living frugally for some years, it's amazing what you're able to save. Some countries that tax their residents very high amounts (ex: many European countries) it might be harder to get ahead, but still not impossible to save I'd imagine. > Why retire early? I value being able to work There's nothing wrong with that! But for people who are interested in retiring early, they may have other goals in life besides their career. Retiring early allows for travel while you're still young and healthy, volunteer work, etc. Loving your job is a great thing and I think it's possible to work towards financial independence and enjoy your work. > Just check how much the taxation in America has changed in the last 30-40 years and now try to believe that with your saved money you can live until you die I'm not sure how taxes relate to the ability of my investments to generate returns. Could you elaborate a bit more on this?