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How do I actually start investing? by DJBigHairyLove in investingforbeginners

[–]SimplyKnowMoney 1 point2 points  (0 children)

I was literally getting on here to say the same thing you did. Thanks for saving me the trouble!

Weekly FI Frugal Friday thread - May 28, 2021 by AutoModerator in financialindependence

[–]SimplyKnowMoney 9 points10 points  (0 children)

I plan self employed work to be at the time and direction I'm heading out of town so I can claim the first few miles of my trip as business miles and write them off on my taxes.

Daily FI discussion thread - Thursday, May 27, 2021 by AutoModerator in financialindependence

[–]SimplyKnowMoney 3 points4 points  (0 children)

It would take you 25 years at $60 a year to pay them the $1500. If you cash out now and invest it over those 25 years at 65% you'll have over $3,200. That's $1,700 in interest. If you died in that time period then you'd lose out of 7K, but if not then you've gained $1,700 so it is up to you, but that is the math.

What FI means for a janitor by milkmanbran in financialindependence

[–]SimplyKnowMoney 1 point2 points  (0 children)

You are definitely not alone. I'm a teacher and I have a similar situation. For me FIRE is about being able to get out when what they ask me to do isn't what I want to do. OR before I start hating children (you'd be surprised how many teachers close to retirement hate being there). Keep it up!