LogFAQs > #930922665

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Topic	Has anyone heard of financial independence?
LinkPizza 11/30/19 5:59:13 PM #13:	blu posted... LinkPizza posted... blu posted... adjl posted... Isn't this just plain old retirement planning? The basic concept of investing money until you can live off of the RoI without needing to work is nothing particularly new. Pretty much. But taken to an extreme so you hit retirement in your 30s instead of 60s. I feel like thats a low age for most. I feel like maybe 10% at most would be able to do that. And even that feels like a high number. Most people dont get a job like that right out of school. And even the few that do dont usually start off that high. And thats not even taking into account life stuff like marriage, kids, and location. Which play a big part in things like this. I only mention that because I think you were the one whos GF was being controlled by her mom or something... IT is a low age, but I feel if someone cared about it then it's achievable for most people, even on a teachers salary. You just have to want it and make a few choices towards it. Since we moved out of state my gf is getting better with the control thing, but I think that's only because we moved out of state. Her dad makes like 300k and borrows money from her making 30k, so her parents aren't doing well. Her mom spends like 20k a year on itunes though, so no chance they'll ever get money from me. Just wanting it isnt enough. For example, you got lucky landing your job. Not everybody who wants it will get it. There could have been people who wanted it more than you that you didnt know about, for instance. Not to mention, life can shot on you at any moment. Like expensive hospital bills, paying for some kind of accident, or even deaths on a family. Those are a few costly things that could happen to anybody. Someone could be on track to get that passive income, the. Have too many bills piling up where they have to pay and cant really afford to do anything about it anymore. Its not that he didnt want it, but literally cant because of life... --- Official King of Kings Switch FC: 7216-4417-4511 Add Me because I'll probably add you. I'm probably the LinkPizza you'll see around. <cite>LinkPizza posted [p:930922665] in Has anyone... [t:78211074]...</cite> <quote>blu posted...</cite> <quote>LinkPizza posted...</cite> <quote>blu posted...</cite> <quote>adjl posted...</cite> <quote>Isn't this just plain old retirement planning? The basic concept of investing money until you can live off of the RoI without needing to work is nothing particularly new.</quote> Pretty much. But taken to an extreme so you hit retirement in your 30s instead of 60s.</quote> I feel like thats a low age for most. I feel like maybe 10% at most would be able to do that. And even that feels like a high number. Most people dont get a job like that right out of school. And even the few that do dont usually start off that high. And thats not even taking into account life stuff like marriage, kids, and location. Which play a big part in things like this. I only mention that because I think you were the one whos GF was being controlled by her mom or something...</quote> IT is a low age, but I feel if someone cared about it then it's achievable for most people, even on a teachers salary. You just have to want it and make a few choices towards it. Since we moved out of state my gf is getting better with the control thing, but I think that's only because we moved out of state. Her dad makes like 300k and borrows money from her making 30k, so her parents aren't doing well. Her mom spends like 20k a year on itunes though, so no chance they'll ever get money from me.</quote> Just wanting it isnt enough. For example, you got lucky landing your job. Not everybody who wants it will get it. There could have been people who wanted it more than you that you didnt know about, for instance. Not to mention, life can shot on you at any moment. Like expensive hospital bills, paying for some kind of accident, or even deaths on a family. Those are a few costly things that could happen to anybody. Someone could be on track to get that passive income, the. Have too many bills piling up where they have to pay and cant really afford to do anything about it anymore. Its not that he didnt want it, but literally cant because of life... --- Official King of Kings Switch FC: 7216-4417-4511 Add Me because I'll probably add you. I'm probably the LinkPizza you'll see around.</quote> ... Copied to Clipboard!
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