LogFAQs > #930921898

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Topic	Has anyone heard of financial independence?
blu 11/30/19 5:41:22 PM #12:	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. Korruptor posted... Invest into property. Yeah, after maxing out both of my retirement accounts I have 30k leftover for investments right now. I am considering just an index fund, but property would be nice to get into because it's the only real leverage teh normal person has access to. <cite>blu posted [p:930921898] in Has anyone... [t:78211074]...</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. Korruptor posted...</cite> <quote>Invest into property.</quote> Yeah, after maxing out both of my retirement accounts I have 30k leftover for investments right now. I am considering just an index fund, but property would be nice to get into because it's the only real leverage teh normal person has access to.</quote> ... Copied to Clipboard!
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