4 ms·

I have been doing this for years and I think it's the best output per hour worked strategy if you have a clear exit plan outside scaling the so-called ladder

toomuchtodo 2y ago
> if you have a clear exit plan outside scaling the so-called ladder Exit plan is FIRE. Everything else is circus and performance art. Others can play status games, I prefer wealth games: wealth is options and options are freedom. Pragmatic, smart, skilled people are extracted from unless lucky and in a position to see outsized returns from their effort. Better to know what enough is, collect enough freedom coins, and enjoy the one go you get at life. (n=1, ymmv, "show me the incentives, and I'll show you the outcome")
- georgeecollins 2y ago
  I think that is a great plan and good advice, but you may find as you continue in your career that you enjoy work more. When I was starting out I was always tired, anxious and frustrated. Now I would never even get hired for those kinds of jobs (or take them). You may get to a point where you have a lot more power and discretion at work and enjoy it. There's a lot to be said for working at jobs you enjoy.
  - deleted 2y ago
    [deleted]
  - toomuchtodo 2y ago
    I hope to one day find meaningful work I am compensated for, or have accumulated enough wealth such that compensation is no longer relevant. Thanks for the reply.
  - chinchilla2020 2y ago
    I enjoy my work as well. But I realize that things outside my control can force me into a poor working situation any day.
  - iopq 2y ago
    Too late, FIRE'd at 30, never enjoyed work
- chinchilla2020 2y ago
  I had a bit of an epiphany when I read this comment since you hit the nail on the head so succinctly. Wealth is the only true path that gives you options. All other paths are dependent on income. There really is no other exit plan except financial security. Every other plan is just putting you into the walls a new rat maze.
  - toomuchtodo 2y ago
    My path to discovering this was costly and fraught with suffering. I hope by sharing, your experience is less so. The sooner you learn, the sooner you can modify your trajectory for a more favorable outcome. I wish you freedom.
  - robocat 2y ago
    True wealth has a lot of non-financial measures. Non-financial goals are way way harder to achieve than FIRE: the biggest issue is selecting your non-financial goals. Money is a simple goal and it isn't impossible to achieve - then what? Deciding that money should be your primary focus overoptimises for financial wealth against non-financial wealth. For example, life satisfaction: do you know people doing jobs they love? People that would continue their calling even if it didn't pay them? Try to understand their wealth even if they don't have the financial freedom a successful business can give you. The main problem is most of those jobs are not in businesses and it is hard to understand things we haven't experienced. Jobs are a very poor example but you get the idea. I've retired early: for me personally, financial wealth is not enough. One limited resource that we are approximately all given the same amount of is time - you get fifty years between 20 and 70 to use the best you can. I think most people don't use their limited resource very well (even those that optimise their time well seem to use it poorly on bad meta-goals).
    - 7789123 2y ago
      >One limited resource that we are approximately all given the same amount of is time True, but I believe also its important to factor in that those in lower socioeconomic classes effectively have their time stolen from them in many ways. ex: I don't enjoy fixing the vast majority of things I have to fix, (although there can be a sense of satisfaction in it sometimes), but I have to 1st learn to do so and then do it because I absolutely need it fixed, but don't have the funds to pay to have it done. To compound the loss of time, financially wealthy people can afford to buy new things, like automobiles, which dont break down or require nearly as much maintenance. Many other things are also outsourced by people because their time is too valuable to do otherwise this outsourcing is just not an option for others.
- deleted 2y ago
  [deleted]

toomuchtodo 2y ago

> if you have a clear exit plan outside scaling the so-called ladder Exit plan is FIRE. Everything else is circus and performance art. Others can play status games, I prefer wealth games: wealth is options and options are freedom. Pragmatic, smart, skilled people are extracted from unless lucky and in a position to see outsized returns from their effort. Better to know what enough is, collect enough freedom coins, and enjoy the one go you get at life. (n=1, ymmv, "show me the incentives, and I'll show you the outcome")

georgeecollins 2y ago
I think that is a great plan and good advice, but you may find as you continue in your career that you enjoy work more. When I was starting out I was always tired, anxious and frustrated. Now I would never even get hired for those kinds of jobs (or take them). You may get to a point where you have a lot more power and discretion at work and enjoy it. There's a lot to be said for working at jobs you enjoy.
- deleted 2y ago
  [deleted]
- toomuchtodo 2y ago
  I hope to one day find meaningful work I am compensated for, or have accumulated enough wealth such that compensation is no longer relevant. Thanks for the reply.
- chinchilla2020 2y ago
  I enjoy my work as well. But I realize that things outside my control can force me into a poor working situation any day.
- iopq 2y ago
  Too late, FIRE'd at 30, never enjoyed work
chinchilla2020 2y ago
I had a bit of an epiphany when I read this comment since you hit the nail on the head so succinctly. Wealth is the only true path that gives you options. All other paths are dependent on income. There really is no other exit plan except financial security. Every other plan is just putting you into the walls a new rat maze.
- toomuchtodo 2y ago
  My path to discovering this was costly and fraught with suffering. I hope by sharing, your experience is less so. The sooner you learn, the sooner you can modify your trajectory for a more favorable outcome. I wish you freedom.
- robocat 2y ago
  True wealth has a lot of non-financial measures. Non-financial goals are way way harder to achieve than FIRE: the biggest issue is selecting your non-financial goals. Money is a simple goal and it isn't impossible to achieve - then what? Deciding that money should be your primary focus overoptimises for financial wealth against non-financial wealth. For example, life satisfaction: do you know people doing jobs they love? People that would continue their calling even if it didn't pay them? Try to understand their wealth even if they don't have the financial freedom a successful business can give you. The main problem is most of those jobs are not in businesses and it is hard to understand things we haven't experienced. Jobs are a very poor example but you get the idea. I've retired early: for me personally, financial wealth is not enough. One limited resource that we are approximately all given the same amount of is time - you get fifty years between 20 and 70 to use the best you can. I think most people don't use their limited resource very well (even those that optimise their time well seem to use it poorly on bad meta-goals).
  - 7789123 2y ago
    >One limited resource that we are approximately all given the same amount of is time True, but I believe also its important to factor in that those in lower socioeconomic classes effectively have their time stolen from them in many ways. ex: I don't enjoy fixing the vast majority of things I have to fix, (although there can be a sense of satisfaction in it sometimes), but I have to 1st learn to do so and then do it because I absolutely need it fixed, but don't have the funds to pay to have it done. To compound the loss of time, financially wealthy people can afford to buy new things, like automobiles, which dont break down or require nearly as much maintenance. Many other things are also outsourced by people because their time is too valuable to do otherwise this outsourcing is just not an option for others.
deleted 2y ago
[deleted]