Thanks. I have taken a lot of inspiration from the FIRE community, but substitute index funds for BTC (which they hate, haha).
There isn't much else I can do at this point to stack harder aside from changing jobs, but I really like my current workplace and it still pays pretty good.
reply
Thanks for the share. I’ll look into them. If you can tolerate your job and stack why not stick it out?
In another life I followed financial markets pretty closely and the advice of a group on an investment forum called ‘The Motley Fool’. Put what you can into a tax efficient - in the UK at that time there were some good options - but most importantly a low cost fund; index trackers being preferred. Reinvest your dividends until you need them and then drawdown. I did very well off this advice although the compounding is missing from BTC, somewhat replaced by the exponential growth. Sadly for me I suffered a personal tragedy and have had to start again.
These days I work minimum wage and save $1 a day into my BTC pot. Will it give me enough to retire early? Probably not at this rate lol! But I’m studying and I have some skills so I will get back into a decent job and invest again - only BTC this time. Small steps.
reply
I think my favourite blog is Jacob's ERE, although it's quite hardcore:
Was it you who said they were studying Economics, Philosophy and Politics? You always struck me as a pretty switched-on guy, I'm sure you can turn things around.
reply
Kind of you to say. That’s my subject. I’m assuming we are in a similar geographic location in the world so you may appreciate there are opportunities out there, but you really have to work for them.
reply
Indeed, it's rough out there. Especially if you're outside the southeast.
reply
reply
deleted by author
reply
deleted by author
reply
Yeah! MMM has written some great articles (my favourites are about bikes).
He's rather against Bitcoin and has unfortunately written some pretty braindead takes on it, and I feel like he's gotten way softer in frugality over recent years. But his older articles are gems.
reply
deleted by author
reply
Ah yes, THAT article...
I first heard of Bitcoin during the 2017 bullrun, then read MMM's article and wrote it off as a scam way up until 2020!
reply
deleted by author
Yes Jacob's book is quite cool, it mostly rehashes content you'd find on his website though.
reply
deleted by author
reply