4 ms·

I make ~100,000 euro yearly in eastern europe and invest maybe 90%. I can already retire, but think I'll do this for a few more years (job good, coworkers good)

I make ~100,000 euro yearly in eastern europe and invest maybe 90%. I can already retire, but think I'll do this for a few more years (job good, coworkers good) Suppose that wasn't the experience you were looking for?:)

moate 5y ago
Of course this is the feedback I’m looking for. Confirmation that I’m wrong is always welcome. That said… We have a burner account providing a sample size of 1 here, guess I’ll shut it down.
- burntoutfire 5y ago
  FWIW, I'm in indentical position as EEREPRESENT. I've even already "retired", but will probably come back to the contracting market for a year or three more, just to earn extra cash.
  - moate 5y ago
    FWIW, the original point I was trying to make seems to have gotten lost which is that tech workers (a high earning cohort relative to the rest of the population) extolling financial advice that amounts to “make more money than you need to survive and save the excess” isn’t helpful to the vast majority of the population. As someone in a less financially prosperous section of world than the US, do you think that advice is particularly helpful to your countrymen? Is the problem that people are wasteful and unwilling to make obvious choices, or that those opportunities aren’t as widely available as HN’s commenters might make them out to be?
    - burntoutfire 5y ago
      You really need an income considerably above average to be able to think about FIRE in Poland (whereas in US you could probably retire early on an average salary). In that regard, it's less applicable.
      - moate 5y ago
        I think this really gets to the crux of my original point: What is "average" (average for our industry, average for the country as a whole?) and retire "where" (I assure you, if you make an average US salary and want to retire early in the US, you have to have front-loaded a lot of financial sacrifices and been extremely lucky)
zhdc1 5y ago
Congratulations!

moate 5y ago

Of course this is the feedback I’m looking for. Confirmation that I’m wrong is always welcome. That said… We have a burner account providing a sample size of 1 here, guess I’ll shut it down.

burntoutfire 5y ago
FWIW, I'm in indentical position as EEREPRESENT. I've even already "retired", but will probably come back to the contracting market for a year or three more, just to earn extra cash.
- moate 5y ago
  FWIW, the original point I was trying to make seems to have gotten lost which is that tech workers (a high earning cohort relative to the rest of the population) extolling financial advice that amounts to “make more money than you need to survive and save the excess” isn’t helpful to the vast majority of the population. As someone in a less financially prosperous section of world than the US, do you think that advice is particularly helpful to your countrymen? Is the problem that people are wasteful and unwilling to make obvious choices, or that those opportunities aren’t as widely available as HN’s commenters might make them out to be?
  - burntoutfire 5y ago
    You really need an income considerably above average to be able to think about FIRE in Poland (whereas in US you could probably retire early on an average salary). In that regard, it's less applicable.
    - moate 5y ago
      I think this really gets to the crux of my original point: What is "average" (average for our industry, average for the country as a whole?) and retire "where" (I assure you, if you make an average US salary and want to retire early in the US, you have to have front-loaded a lot of financial sacrifices and been extremely lucky)

zhdc1 5y ago

Congratulations!