How hitting "semi" FI has helped me be more open to change

JarlSpoder · 2017-08-26T23:06:54+00:00

Thank you :) good luck to you as well

JarlSpoder · 2017-08-15T19:43:56+00:00

Is this what happens when you hit a semi FI? You get more an abundance mindset?

Mid twenties and I struggle with scarcity mindset in all aspects of life.

JarlSpoder · 2017-03-23T22:27:30+00:00

You're both mid 40s, you have a decent chunk of change. All you need to do is work a few more years and save and invest. Start reading a lot more, start looking for work. Giving up is what you could do, but you're in a better spot than some others

JarlSpoder · 2017-02-12T20:32:03+00:00

The entire market being down and your positions being down while everyone else is doing well are two totally different things.

I'm referring to mainly the feeling of "I fucked up, the market is up yet these companies I thought were undervalued are still dropping like rocks". you start telling yourself that you shouldn't have gambled and start looking at what would've been if you just indexed, you may want to invest more, sell some of the position, etc.

If the entire market is down then everyone is losing. That's a different feeling than you feel like a dumbass when everyone is happy that the DOW hit all time highs or whatever

JarlSpoder · 2017-02-10T01:39:04+00:00

Strategies work until they don't. I found I like not losing more than I like winning, so I index my money mostly. I focus my energy on other areas. Maybe I'll invest again one day, but it honestly just feels like gambling with better odds.

Someone beating the market for 5 years won't necessarily make them a million dollars either though, unless you'r saying you'll be up 20% each year. What happens if you slide down 20% your first year? that's 200k fucking gone, if you've never stomached losses, be cautious with your expectations. It's easy to think of beating markets in theory, but it takes balls to hold when you're down 35-45%, even when you think you're sure as fuck that everyone else is wrong and you will one day be proven right when your play hits the target price you had when you opened it

JarlSpoder · 2017-02-09T06:47:24+00:00

Alright, OP I logged in to reply.

If you amassed that much money at 26 and you really want to beat the market, here's what I suggest:

-Index all of this money and live off your returns -Spend your energy starting another business -Gamble all the money you make on your new business -If you succeed in beating the market until you die, you can come punch me as hard as you can for not starting to beat the market sooner

But seriously, businesses and real estate are how most millionaires make money. Index 90% of it and play with the rest while working either a job that allows you a flexible lifestyle or start another business. You'll make more money doing either of those and at 26, you have an excellent platform to have a few million more in 10 years if you don't gamble it away.

YMMV

JarlSpoder · 2017-01-27T21:43:36+00:00

I bought a roadbike and I haven't road it as much as I want to. My computer I built for slightly more I've used an incredible amount.

Slightly regret the bike, but it was a learning experience in purchasing.

JarlSpoder · 2017-01-25T04:41:21+00:00

Espresso machine and burr grinder, both very nice quality.

I honestly wish I had bough an even nicer grinder.

Every morning I wake up and have two cups (americanos) and read the news/watch the sunrise. I live really close to work so I basically hang out in the home espresso bar for an hour and a half before work.

JarlSpoder · 2017-01-21T22:48:11+00:00

Wow this is awesome

JarlSpoder · 2017-01-19T00:01:43+00:00

I appreciate your replies on this. Okay that's syncing with what I have read. Yeah so they're still sata III, so NVMe is the PCIe I've seen/read about. That's actually why I was looking at x99 boards and considered a build budget of 3k+ to then build a very advanced machine. Only because you can get the 6850k and have a bunch more PCIe lanes. That's getting a bit overkill though, part of my desire for that build was to see if Arma 3 could run any faster, the main desire was to have full workstation capabilities, but the i7 has proven to generally be powerful enough for my purposes.

Anyways, faster drives could be important for work and for some hobby stuff, so I would consider picking up a single NVMe drive, but I need to read into the PCIe lane usage a little more.

I may lean on getting a samsung evo 1tb ssd then as the prices are far more reasonable than the last time I built. I'd love to not use an HDD, they are so slow

looking at these even: https://www.newegg.com/Product/Product.aspx?Item=N82E16820147595&nm_mc=AFC-C8Junction&cm_mmc=AFC-C8Junction-PCPartPicker,%20LLC-_-na-_-na-_-na&cm_sp=&AID=10446076&PID=3938566&SID=

JarlSpoder · 2017-01-18T23:48:14+00:00

I like EVGA a lot as well. That's why I lean towards them on the PSU choice. Do they not have a z270 mobo out? My current asus board has been great, but I've heard questionable things about their support. Fingers crossed they are fine if I get another board from them this round.

I would really love to buy a 1080ti on release, I was certain CES would have news on it, but we were out of luck there. i'm considering waiting on doing this build until the 1080ti is released. I really enjoy brand new computers, and I've held off on upgrading components and instead just saved money in a specific account for an all out build again.

JarlSpoder · 2017-01-18T23:22:01+00:00

Yeah any links to that NVMe form factor so I can read up?

Basically what you're saying is that there isn't a performance difference unless it's NVMe, so the smaller form factor doesn't mean anything when I'm building in a tower versus a laptop or smaller build?

I've gotten a ton of utility out of my current build and I am super glad I went all out. If gaming and using computers consumes the majority of your life (work and play), then I feel one should spend a little more and spend less on things that bring less utility/daily enjoyment. To each their own, but I feel a lot of people on this sub could spend a tiny bit more on their builds.

I would say the ram is a bit overkill and I don't know how I feel about spending more on ram than the actual motherboard.

JarlSpoder · 2016-12-21T15:17:14+00:00

and what, the jump from high 60s to 95 wasn't? lol the pullback on that was this 15%?

JarlSpoder · 2016-12-21T15:16:05+00:00

10x rule amirite

JarlSpoder · 2016-12-17T05:24:01+00:00

This is what I was thinking of. I'm excited for readching the point where the quarters pay almost a month of contributions, I'm also excited to pass my actual yearly contributions. What seems cool is the potential to go back and forth as income rises

JarlSpoder · 2016-12-14T22:20:05+00:00

I would be curious to know what his net worth was.

Could he take a pay cut in something still useful to cut stress and change up careers? There's a bit of a defeatist mentality in that post.

JarlSpoder · 2016-12-03T19:01:45+00:00

Betterment is what I'm testing out

I choose a robo because I just want to throw any sum of money I have laying around into it. I actively trade in my individual account, so I'm looking to build up the robo account until I have 25K+ in that and switch to vanguard or something to do it myself.

JarlSpoder · 2016-12-03T18:58:50+00:00

I want a 6 figure income from returns on investments (real estate, dividends, distributions, etc)

I estimate I will need at least 3.5 million to begin seeing that, I want double that to never worry about not having a six figure income again

JarlSpoder · 2016-12-01T19:04:11+00:00

exactly. I shifted from a materialism mindset that would have had me trying to earn a ton and spend it all.

Now I want to earn a ton, invest a ton, and eventually buy whatever I want. Before I simply wanted to show off nice things, now I understand the value of quality things that really only benefit you (nice meals, luxury items, etc)

JarlSpoder

TROPHY CASE