![]() Once I landed my first salaried full-time job, I told myself that I wanted to get our finances organized and learn more. Our budget was “spend as little as possible, with a few splurges.” Why did I need to learn about money when there wasn’t any leftover to save or invest anyways? My wife and I were working low-paying jobs and saddled with $40,000 combined in student loan debt. I was pursuing a career I was passionate about, telling myself I didn’t care about the money. This sparked a new passion for me, and the big financial goal I wanted to pursue was financial independence.īefore this realization I used to think personal finance was boring. Money could be used to buy the freedom from having to work for a paycheck, and the higher my savings rate was, the faster I would be able to reach that point. Encountering this post helped me learn about another way of thinking about money. Before reading MMM’s post, all I knew was that I wanted to save up money long-term, in preparation for a house, kids, and a very far off retirement someday. (here’s a clip from the episode, Season 3 Episode 8, called Spoiler Alert) From then on, they can’t stop noticing each other’s flaws. Once pointed out, you hear the sound of shattered glass as their bubble is burst. There’s a scene in “How I Met Your Mother” where the various characters don’t notice certain annoyances about each other until someone else points them out. Many people use the 4% rule as a guideline, so if your portfolio was $1 million, you could safely withdraw $40,000 per year. Financial independence refers to the point where your investments are able to cover your yearly expenses. He’s widely considered to be one of the most popular and influential bloggers of the FIRE movement (Financial Independence Retire Early). Money Mustache that has had a massive impact on many people. The “ Shockingly Simple Math Behind Early Retirement” is a classic post from Mr. I can’t remember how I stumbled across it, maybe it was one of the articles my dad would periodically send over to me, but one day I read a single blog post that completely changed my thinking. I think I had the vague idea that I could use the money for college expenses. Although I knew I “should” be saving money, and it came easily to me, I didn’t have a specific goal I was working towards. To me, it was obvious that I should be saving the money I was making. I started working at a restaurant 2 months after turning 16. Is it for comfort? Security? Confidence? I’ve always felt that the more I save up, the more options I have for the future. Whether it was Halloween candy, packs of baseball cards, or Christmas presents, I have always placed a high importance on delayed gratification. ![]() Please read my disclosure for more information.įor as long as I can remember, I’ve always been a saver.
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