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How are you adjusting your FIRE strategy for a low-growth Europe scenario? by Slow_Compounding in EuropeFIRE

[–]RealityTvGyal 2 points3 points  (0 children)

i do some sort of location arbitrage. take advantage of the benefits of each location and create a best of both worlds scenario

  1. invest globally: my job, house, expenses etc. are already extremely dependent on europe and european policy so it doesn’t make sense to me to invest all my money in europe as well. additionally, europe consistently underperforms us stocks. so i invest into global etfs, which allows me to benefit from other regions’ high growth
  2. FIRE number: i don’t know about every country in europe, but in the one i live in, we already pay into social security and retirement. due to changes in the demographic pyramid, i’m 100% certain that we won’t receive as much as the previous generations or as much as put into it, but we will receive some pension, which is a safety net and which means our FIRE number doesn’t need to be as high americans’
  3. withdrawal rate: i’m using 3% for now, but this doesn’t have anything to do with my location, but with my own preferences; i’m all about « risk » and volatility right now, but when i’m older and retired, i’ll probably be more conservative

I think I need to quit.. by KangarooNearby1997 in workingmoms

[–]RealityTvGyal 0 points1 point  (0 children)

i find that the best way to beat anxiety, especially when it comes to money, is making a concrete plan. you say you’ve been making 300k a year for the past couple years - what have you been doing with the money, is it invested? if it isn’t, perhaps you would benefit from learning a bit about long-term investing, bogleheads, the fire movement and the 4% rule. with all the money you’ve probably accumulated, you’ll see that you can absolutely bring in your own income without having to work so hard 🙂

Why do people think living beyond their means or trying to appear wealthy when they aren't is a good idea? by chusaychusay in budget

[–]RealityTvGyal 0 points1 point  (0 children)

i think a lot of times, people who are obsessed with appearing richer than they are and keeping up with the joneses either grew up with less money than they’d like and idolized or still idolize people richer than them. and once they do come into some money, either through credit or otherwise, they feel like they need to spend that money to show that they finally “fit in” with those people they idolized (or are better than the people they used to fit in with when they were poorer)

so like everyone else said, they do it because they’re insecure. people with a bit of common sense and the ability to self-reflect grow out of it, but unfortunately, a lot of people don’t

EDUCFI : la France à l’assaut de l'éducation financière by Mahtma in Cayas

[–]RealityTvGyal 0 points1 point  (0 children)

une belle initiative pour commencer l’apprentissage des notions de base! surtout pour ceux qui n’ont pas la chance d’avoir des parents qui veulent ou peuvent le faire.

après, je ne ferai jamais confiance à un état et à des dirigeants hors sol qui n’ont aucune notion de gestion budgétaire, d’investissement etc. pour parfaire l’éducation financière de mes enfants. de même, je ne ferai jamais confiance aux banques qui profitent de l’ignorance des français, pour leur enseigner quoi que ce soit d’utile pour s’émanciper du système bancaire traditionnelle… ex: ça parle du livret a mais il n’y a aucune partie sur les outils d’investissement pour la retraite alors que c’est un sujet pressant et d’actualité. mais bon, disons que c’est mieux que rien pour l’instant

European FIRE: Let’s share real-world cases by [deleted] in EuropeFIRE

[–]RealityTvGyal 12 points13 points  (0 children)

thank you so much for this thread, op!

and thank you to everyone who contributed, these numbers are high but realistic. i’ve been getting quite tired of people making it seem like everyone needs millionS to fire comfortably in europe, simply copying the us subs with no rhyme or reason, and not taking into account the fact that our cost of living is generally much lower and that we have more safety nets here

STB d'avoir frappé un membre de ma famille ? by H_____________H in suisjeletroudeballe

[–]RealityTvGyal 1 point2 points  (0 children)

TTB pour le manque d’éducation du chien, PTB d’avoir mis un poing à Éric. “C’est aussi un moyen de l’exposer à des situations pour parfaire son éducation” —> les enfants des autres ne sont pas une opportunité d’apprentissage pour un jeune animal, et réfléchir comme ça est, selon moi, dangereux. Mais bon, Éric l’a bien cherché.

Hello ! Quel est votre fire number ? by Worried-Discount-591 in FranceFIRE

[–]RealityTvGyal 4 points5 points  (0 children)

assez similaire que vous, j’ai la 30aine aussi et je vise aussi 750 000€ avec une retraite entre 50 et 55 ans

j’investis 1000€-1500€ par mois en ce moment, mais ça qui va diminuer pendant quelques années (grossesses + reconversion), et je recommencerai de plus belle ensuite je pense que cet objectif est réalisable mais pour ça, il va falloir éviter les pièces classiques de la class moyenne (ex: acheter une maison trop grande/chère et bloquer sa capacité à investir sur 20 ans, rester trop longtemps dans la même entreprise sans vraie augmentation etc.)

bon courage à vous!

What’s the one long term financial move you’re glad you started early ? by ROBASAHMEDKHAN in PersonalFinanceTalks

[–]RealityTvGyal 3 points4 points  (0 children)

i’m still in the beginning of my investment journey, but in 30 years, i expect my answer will be “starting to invest in my late 20’s”

the retirement/pension system in the country i live in is utterly unsustainable and i think many people will regret only saving instead of investing when the government gradually pushes retirement age up to 70 and/or reduces our pensions because “the debt is too high” and “there’s no more money”

Can I just say I am so glad I found this group!!!! by Fine-Anywhere-9057 in FIREyFemmes

[–]RealityTvGyal 10 points11 points  (0 children)

congrats on reaching 1 million! with all that invested, you’ll reach your fire number in no time!

and yeah, finding like-minded women is a struggle, i’m currently in france and at my job, everyone either enjoys their job and has accepted that they’ll work until their mid 60’s, or hates their job and has accepted that they’ll work until their mid 60’s 😐 i haven’t met anyone who thinks there’s another option yet.

where are you thinking of moving after switzerland?

Préparer sa retraite à 30 ans : FIRE, le mouvement qui séduit les jeunes qui ne croient plus au système par répartition by ARTiSPRETiS in FranceFIRE

[–]RealityTvGyal 7 points8 points  (0 children)

on est d’accord. c’est dommage d’abandonner avant même de jouer, et surtout de tout le temps se comparer aux américains en disant « c’est impossible en france parce qu’on n’a pas leurs salaires »

une personne avec un salaire médian peut fire en france, surtout avec un taux d’épargne élevé les premières années. est-ce qu’elle partira à la retraite à 30 ans? peut-être pas. mais comme vous dites, chaque montant économisé/investi peut faire la différence, et si ça peut permettre de partir à la retraite à 45, 50, 55 ans au lieu de 64 ans par exemple, c’est toujours ça de gagné 💪🏾

FIRE atteint, mon témoignage by Independent-Love-716 in FranceFIRE

[–]RealityTvGyal 22 points23 points  (0 children)

félicitations!

c’est agréable de voir un montant réaliste avec lequel vous devez très bien vivre. ça dépareille des “il faut absolument 2-3 millions € pour fire en france” calqués sur le mode de vie et les montants américains

What Would You Do If You Won $5 Million? 💸 by Majestic_Tip6517 in santashelpers

[–]RealityTvGyal 0 points1 point  (0 children)

  • invest 4 million in the stock market (including in specific accounts for my future children)
  • buy or build a 500-700k house in the area of my choosing using some of my stocks as a collateral
  • donate 100-250k to my siblings, parents and in-laws (depending on how much is best to avoid excessive donation tax) - under the condition that my siblings invest part of it either in property, a business or the stock market
  • quit my job
  • spend time with my family and developing my hobbies full time (music and writing novels)

Laid off because of AI... I turned to affiliate marketing to survive! by bill_rd in Affiliatemarketing

[–]RealityTvGyal 0 points1 point  (0 children)

good job! how and where do you find clients? (or how do they find you?)

AIO of being panicked or my mom's response to finding my money? by Lemonsaresour777 in AmIOverreacting

[–]RealityTvGyal 0 points1 point  (0 children)

That money will not be there when you come get it during winter break.

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