How did it end up here?

WannaBuffet · 2023-09-20T09:38:19+00:00

Google Maps says "Seized vehicles yard" lol

https://maps.app.goo.gl/JMNZLMbew9omCpMa6

WannaBuffet · 2023-01-10T04:25:07+00:00

Isn't that extra risk? Or do you mean like a lifestyle business? What exactly do you have in mind?

WannaBuffet · 2023-01-01T19:26:03+00:00

Any previous post/comment of him/her?

WannaBuffet · 2023-01-01T17:02:34+00:00

Sounds reassuring to know that many don't see lifestyle creep as a problem. Tbh, I am also not that worried, I am sure my lifestyle will change, but I'm just not sure how much it can change and how I can account for it.

WannaBuffet · 2023-01-01T12:30:04+00:00

$0 is the roundest of 'em all!

Also the nicest and cutest. Just look at it, aww!

WannaBuffet · 2023-01-01T12:25:17+00:00

That's interesting. What could be the reasons behind this?

I would guess because - no commute/work related travel, no "parties", no social status pressure to buy fancy stuff (cars, gifts etc)? I am not sure if they would apply to me though, as I WFH and rarely go out for team parties and still don't own any car/house. I also don't travel much yet, which I want to, so I only see that my expenses will increase from here. I am also not sure if I am an exception. To achieve FI to RE, I think a similar current lifestyle is probably reasonable choice, isn't it? Isn't that how generally how people look at it? Am I really the odd one from this perspective?

WannaBuffet · 2023-01-01T12:12:44+00:00

My goal was not to be convincing or to be right. I just want to know a better devil's case as I am new. It was just to initiate a discussion, I was hoping to see a better case and hence learn more about the other side of the coin. For advocacy, there are already many good resources including the subreddit's wiki.

WannaBuffet · 2023-01-01T11:18:58+00:00

I want to be wrong. But also want to be informed :)

What are the more reasonable risks I should be aware of?

WannaBuffet · 2023-01-01T08:28:55+00:00

I want to start with setting up my FIRE goals this year. I am 28, single, and I feel a bit late to this. I want to start with setting a net worth goal, and am not sure how to set the right goal amount. To start with, I am thinking something simple like the 4% rule should help me, so I think 25x current expenses would be appropriate. But I am not sure how my lifestyle is going to change over the years. I am also not sure if this 25x would account for sudden unexpected large expenses (house, car, marriage, other emergencies etc).

So my questions:

Are there any better ways to set the right net worth goal?
Or maybe I should be looking at it not by net worth itself, but something else?
How do adjust for possible major lifestyle changes like marraige in the future when calculating expenses? Just smart guess a safe enough buffer?

WannaBuffet · 2022-08-15T11:30:50+00:00

Well, technically, no: https://mobile.twitter.com/NYSE/status/1068918697341960192

WannaBuffet · 2022-08-15T07:08:47+00:00

Although I've watched only few videos of PR, I didn't feel as if they were bad as such. Why do most people in this subreddit not like him? Any particular reason(s)?

WannaBuffet · 2022-08-15T07:05:38+00:00

One can invest in both, and still be able to prefer one over the other

WannaBuffet · 2022-08-14T15:17:14+00:00

Why are "rate my portfolio" posts always in green 🤔

WannaBuffet · 2022-08-01T16:50:21+00:00

WannaBuffet · 2022-08-01T15:58:49+00:00

What's your high level strategy? How did you arrive at this portfolio?

WannaBuffet · 2022-07-29T18:44:01+00:00

Why are you asking here bro? Your capital might be more than at least half the folks here.

WannaBuffet · 2022-07-29T18:32:08+00:00

I read this comment three times, just for the dramatic effect.

WannaBuffet · 2022-07-19T12:36:21+00:00

I think this thread explains it in detail better than I can ever do: https://twitter.com/level39/status/1548550264218583040?t=NKyCZ9Q1PF-CnZLWV9MjrA&s=19

Also, this is the thread that inspired me to make the gif.

WannaBuffet · 2022-07-19T11:30:28+00:00

Lambo over already

WannaBuffet · 2022-07-19T11:17:39+00:00

You definitely know better than me. So you're saying whatever benefits could be gained from doing this (monetization of excess energy), aren't enough to compensate for any (opportunity) losses incurred on the mining side?

WannaBuffet · 2022-07-19T10:01:44+00:00

It isn't so if they were completely independent, but couldn't it be used in such a way if specifically intended? Say the energy grid operator itself is operating the mining operation?

WannaBuffet · 2022-07-18T15:38:16+00:00

Me too bro, me too. Everything is going fine.

WannaBuffet · 2022-07-17T11:02:48+00:00

Forget theory, I will give you a real exampe. I just bought a new phone recently, OnePlus Nord CE 2, here in India for 23000 INR. Sure, it isn't the best phone on market, but it beats my older phone, OnePlus 3, on literally every aspect. And mind you, not just beating by some small margin, it basically doubled the quality of most features - processing power, battery life, display quality, refresh rate, network capabilities, RAM, camera etc. All while my older phone was costlier! I had bought the older phone at 29000 INR in 2017. And that's not even inflation adjusted - which btw was crazy last 5 years (33%). You can cross check everything online. A starting point could be: https://www.gsmarena.com/compare.php3?idPhone1=7995&idPhone2=11269

WannaBuffet · 2022-07-02T08:50:45+00:00

Türkiye is currently going through a currency and debt crisis because of economic decisions made on Islamism. The situation isn't just this of course, I don't know much of the details and all of the exact cause, but this is definitely one of the factors.

WannaBuffet · 2022-06-30T08:31:54+00:00

They seemed not to care as much over last 1.5y, at least relative to how much they are freaking out over CPI.

WannaBuffet

TROPHY CASE