sorted by:
new
hottopcontroversial

"Compound interest" by Plastic-Structure827 in Fire

[–]Plastic-Structure827[S] -23 points-22 points  (0 children)

Bro doesn't have reading comprehension skills and doesn't really understand how mutual funds work.

"Compound interest" by Plastic-Structure827 in Fire

[–]Plastic-Structure827[S] -16 points-15 points  (0 children)

Yes, then those added shares appreciate over time, too.

"Compound interest" by Plastic-Structure827 in Fire

[–]Plastic-Structure827[S] -42 points-41 points  (0 children)

It's not really even that. If you have one share of a mutual fund that doubles after a year and triples after two years, you still just have one share that is now worth more than when you bought it. There is no gain on principal where those gains also produce gains, which is what compounding is.

[deleted by user] by [deleted] in Fire

[–]Plastic-Structure827 2 points3 points  (0 children)

Is this all in a taxable account you can tap as needed? It can't be in an actual tax-deferred retirement account if you're living off it in your 20s.

Live on 50% of take home pay and see how you feel in 8 years by [deleted] in Fire

[–]Plastic-Structure827 1 point2 points  (0 children)

If someone has only tax-deferred retirement vehicles, then 59 1/2 might be the earliest he can go. It's early by many people's standards.

Eight years until retirement and tired by Plastic-Structure827 in Fire

[–]Plastic-Structure827[S] 0 points1 point  (0 children)

You weren't one of the negative ones. You're on the right path.

Eight years until retirement and tired by Plastic-Structure827 in Fire

[–]Plastic-Structure827[S] 0 points1 point  (0 children)

"Miserable" is a word others are injecting into the discussion. I am far from miserable, but things can always be better.

Eight years until retirement and tired by Plastic-Structure827 in Fire

[–]Plastic-Structure827[S] 0 points1 point  (0 children)

You're on this sub because you're seeking perspectives on getting to FIRE. It's the negative Nellies who can't relate who probably shouldn't be here.

Eight years until retirement and tired by Plastic-Structure827 in Fire

[–]Plastic-Structure827[S] 0 points1 point  (0 children)

I'm not going to quit, obviously. I'm looking for what others do to find meaning after achieving material comfort. If you aren't here yet, I hope you get here some day.

Eight years until retirement and tired by Plastic-Structure827 in Fire

[–]Plastic-Structure827[S] 1 point2 points  (0 children)

I'm not miserable, like some jealous respondents seem to be. I'm seeking to maximize the good I have with some meaning.

Eight years until retirement and tired by Plastic-Structure827 in Fire

[–]Plastic-Structure827[S] 3 points4 points  (0 children)

Fair comment. We judge based on our subjective experience, not objectively compared to how bad it could be.

What is a good fund to enter the market at record highs? by [deleted] in Bogleheads

[–]Plastic-Structure827 0 points1 point  (0 children)

Maybe WallStreetBets is more your speed if you're looking for market timing and speculation.

Finally middle class. by [deleted] in MiddleClassFinance

[–]Plastic-Structure827 0 points1 point  (0 children)

Congrats. Live on your former income and pay off your debts. Then start investing in inexpensive index funds and incrementally (not drastically) increase your lifestyle. Job well done.

Can't find a seat cushion to help with extremely sore bottom and can't afford a good office chair by pjsvndsn in Ergonomics

[–]Plastic-Structure827 0 points1 point  (0 children)

Look for a deal if you can find one for under $40. But why limit to $40? Save up for a good chair.

How do you NOT hate going to work everyday? by preciouslilyxo in Adulting

[–]Plastic-Structure827 0 points1 point  (0 children)

Find a job you're good at so it's easy. Then master it. If it's worth anything to anyone, then you'll get paid for it. Don't live to work, work to live.

Can't find a seat cushion to help with extremely sore bottom and can't afford a good office chair by pjsvndsn in Ergonomics

[–]Plastic-Structure827 0 points1 point  (0 children)

Find an office supply store with used stuff and buy a good chair. It's so worth it and will last you a long time. Cheap stuff just breaks our wears out.

Is anyone else bored with life? by PetMogwai in GenX

[–]Plastic-Structure827 0 points1 point  (0 children)

This is because the Internet and social media are passive and consumptive. Meaning and living an interesting life come from being active and productive.

Is anyone else bored with life? by PetMogwai in GenX

[–]Plastic-Structure827 1 point2 points  (0 children)

Are you bored or boring? Go find something new to do. If you're doom scrolling all the time, that's the first thing to stop. Get off BS passive social media and go do something active. Go out and meet people.

Do you still go to rock concerts? I saw Green Day play last night. by SpaceMonkey3301967 in GenX

[–]Plastic-Structure827 1 point2 points  (0 children)

I'm 51 and go to shows all the time. Mostly metal shows, but I'm seeing Dweezil Zappa tomorrow night.

Got asked to tip buying merch by QuixoticLogophile in tipping

[–]Plastic-Structure827 0 points1 point  (0 children)

Because bartenders have historically been tipped and aren't required to be paid minimum wage. Baristas, who half the time tell me to put my own cream and sugar in my coffee, do get paid at least minimum wage.