Retire at 35

2021-12-14 20:17:46

#fire_comics

@retire_at_35 Open / Comment

2021-12-07 20:17:36 The essence of investing summarized in 2 pictures

#fire_comics

@retire_at_35 Open / Comment

2021-11-30 20:17:42 One time, back in my youth I went to a bookstore. On the shelves I saw an edition of "Boxing for Beginners". I bought it and brought it back home. For a couple of days I tried to repeat the moves in front of the mirror. Then I put the book on the shelf and forgot about it. The book was gathering dust until I threw it away. I didn't learn how to fight, unfortunately. 
 
Now I go to boxing training regularly. At first I stood in front of the mirror and worked on my feet. But when I started sparring I forgot everything, I didn't even hit my opponent once. I realized that in order to progress in this sport I needed a special type of intelligence that I couldn't possibly get from theory. 
 
It's very much like the process of investing. At the start, you learn the theory. But the very first light punch puts you in a bind. Right this second I have beginners emailing me with questions such as "what do I do?" Basically, it's the same thing we talked about earlier. 

#fire_comics

@retire_at_35 Open / Comment

2021-11-23 20:17:38 The main enemy who stands on your way of accumulating capital is in the mirror. It is him that you should pay close attention to:

Visit a psychotherapist instead of studying the opinions of various "experts."

Read cognitive distortion books instead of economics books.

Study other people's failures instead of studying success stories.

#fire_comics

@retire_at_35 Open / Comment

2021-11-16 20:28:07 Four questions I ask myself that help me stay on track:

Why should I change my strategy when mine is working absolutely smoothly?

Why should I keep up with the indexes? I'M ALREADY WELL-FED. What kind of stupid goal is this?

Why should I change my strategy if my income strategy lets me sleep like a baby? Let me remind you that healthy sleep for an investor is the key to success.

Why should I listen to investment advice from people who have never lived a day in their lives off their own capital?

#fire_comics

@retire_at_35 Open / Comment

2021-11-11 22:44:20 Dear investor, don’t be average!

To understand investing better, you’ll have to learn not only from the books written by investors. I have just now obtained this simple knowledge (or rather I have learned it from my older friends). Many discoveries can be made simply by observing life around you.

[ READ MORE ]

#lesson

@retire_at_35 Open / Comment

2021-11-09 21:17:36 Investor, don't be like everyone else, don't be average. If you want to be rich, of course. 
 
 The average person doesn't read books. 
 The average person wastes his own time. 
The average person does and in the future will take out loans. 
 The average person loves to shoot himself in the foot. A car, a summer house, renovations, a wedding, a new iPhone, etc. I've written about all of this a hundred times before. 
 The average person doesn't think about building businesses . 
The average person doesn't try to build their skills to advance in the career. 
The average person doesn't think about changing locations, even if job situation is bad in his area. 
• Etc. 
 
If you will live like the other 95%, the result will be the same as the 95%. Meaning the result will be average, or rather none. And any statistics will tell you that there is no point in trying to move up from your spot. Because that's how statistics work.

#fire_comics

@retire_at_35 Open / Comment

2021-11-04 20:18:03 In investments one necessarily has to take risks. But make sure to take risks so that even the worst-case scenarios do not lead you to bankruptcy.

[ READ MORE ]

#lesson

@retire_at_35 Open / Comment

2021-10-20 20:17:39 How to deal with friends who borrow money but don't pay it back.

Long ago I introduced the technique of how to accurately get rid of the beggars.
If they ask for a small amount (up to $750), then I provide them with the necessary amount and mentally say goodbye to the person forever.
If they ask for a larger amount, then I bring up certain arguments and say "no".

What about the embarrassment? I have set a specific goal for my therapist - I don't want to feel awkward when I say no to my friends and family.
We have resolved this issue in one therapy session.

Now I no longer have any friends or relatives who owe me a large sum of money.

#fire_comics

@retire_at_35 Open / Comment

2021-10-13 20:17:40 About the 4% rule. Or “why I don't like cutting down cows for meat”.

Imagine a pie on a plate. The pie symbolizes the markets. The markets go up, you cut yourself a little slice to live off.
Then the markets fall straight down. The pie is already cut in half. How much should you cut off now? How do you cut off without experiencing fear? Will the pie return to its former state? How many months or years will it be in that state?

And now, imagine there is a cow (or rather a herd of cows) standing nearby. The cow has also lost weight. But it still gives a bucket of milk a day, which is good enough to live off.

#fire_comics

@retire_at_35 Open / Comment