Financial management!

[heliragedeleted]

Patron, I think your post #2, should be obligatory reading for all young men starting out in life!
You’re a prophet in your own time, if I had this knowledge at 16, things would be been so much easier.

 

[jalimon]

When I am on my deathbed I will think of beautiful ladies I had great times with and smile.

I will not be thinking of the nice coffee table my ex made me buy, or the sensible car, or the stainless steel fridge. I will die happy thinking of 36 dd brushing my face as a gorgeous woman rides me off into the sunset.

Haha hilarious!!

Same here I will never think about the 4k sofa set or the 2k outdoor patio table!! Fuck!!

On my deathbed I will probably think about Sonia's removing the blindfold, swallow my cum, look up at me with her wonderful smile and say "Allo toi!" haha

Cheers

 

[hungry101]

FIRE = Financial Independence Retire Early

I had to read the article to find out what the heck FIRE meant.

I think what is important is to have balance in your life. For example, I went to the FKK 3 days in a row last March and had to take a week off. I went back the next weekend and and left early and drove a few hours to see a museum and visit a battlefield where I saw the playing of the Last Post, as a tribute to the MIA from WWI in Ypres. It changed my life.

If a man likes chocolate cake, give it to him everyday and he won't be able to stand it. Put me in a hotel room in Montreal waiting for a girl to arrive at 8 PM and do this for a week and I will go out of my mind. Sure, I will love the hour but what to do after she leaves? The same goes for early retirement. I have lost of hobbies but I seem to be able to set aside enough time to do many of these activities while I work. What happens when I retire and I have 24 hours a day and 7 days a week? The thought of this concerns me.

What I agree with is the FI part of the argument. There is no need to drive up several credit cards with debt so that you are working to pay the banks. Doesn't it drive you guys crazy at the end of the year when you see how much money that you paid in interest? Right now I am deciding in my head what to do with 1000$. There is a shiny inanimate object that I want. Should I go and buy it with cash or should I hold onto the money and save it for escorts for that unplanned trip that will undoubtedly pop up on my calendar 1st or 2nd quarter?

 

[jalimon]

Interesting read. Your comments are even more interesting.

But unfortunately, a Patron wrote, this is for single people... Get kids and the whole theory of this FIRE goes out the window.

Probably some of these young retiree will then have free time and meet a girl. And guess what they may make kids. Oups all that money saved will dry rapidly when you need a bigger house, bigger car and pay for kindergarten, school, dentist and medication and all activities your kids will want to do like making the hockey, soccer or baseball team.

For me kids rapidly vanished any idea of early retirement....

Cheers,

 

[hungry101]

Early retirement for me ~mid 50's. That is a reasonable time to accumulate some wealth and build up some retirement. Normal retirement is ~60's. A man I met in Rio told me the goal should be to never fully retire but to grow into a job that offers tremendous flexibility so that you can do all the things you want to do. We were both in Rio celebrating milestones at Carnaval. He was in his 70's. Whether retirement is in your 50's-60's-or 70's, The question is, can you afford to do it and do the models predict accurately what life is going to cost you 30 years out and just how long you're going to live.

Yes, kids cost a lot. Jali - Get involved and stay involved so that your kids are achieving and make sure they are in position to learn a marketable skill. Somethings are decided in the womb. Others are influenced by peers. Make sure that your kids have the right peers. This will require parental involvement and everything from moving the family to the right place in order for the child to have the right peers. All this is more complicated but not impossible with broken marriages but most importantly, it may require wealth.

One piece of wisdom I have picked up along the way which I pass on as unsolicited advise is as follows: Pay yourself first. An old family friend told me "If you don't save 10% [of your wages] you're a fool." I honestly think that is not enough but his point is that you ought to able to save 10%.

 

[MtlNewbie]

Wow... you spend more in hobbying evert month than my total monthly revenue :/ depressing lol

HM, are you saying you take home less than 1200/month?

 

[Sol Tee Nutz]

For me kids rapidly vanished any idea of early retirement....

Cheers,

And if you add a divorce to that......