SamSuka
CoachRedPill
CoachRedPill

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Webinar #18: “Thoughts On FIRE”

Webinar #18: “Thoughts On FIRE”

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I don't know how to message you via patreon, but I'd love to discuss economics and the like with you. I've been reading financial history for a while, (tulip mania, south sea bubble, GFC, etc) and would like to discuss more robust concepts with you.

I am a software engineer in a top international company and I earn more than double the avg salary in my country (not trying to brag. Just stating what's at stake here). I personally don't want to retire early because I like earning money and preferably as much as possible.. However, I don't know if I LOVE programming... I mean, I certainly don't hate it. I had jobs which were agony and I hated every thing about them so I know how it feels when you hate a job. My problem is that I don't hate it but I also don't love it... Like, I am okay with it? I don't get up every morning thinking to myself "yay, I am going to code today"... I mean, I wouldn't do it for free that's for sure... Idk if this is good enough reason to pursue another career.. I am appreciated at work but only because I am results oriented and I like the feeling of finishing something, not because I enjoy coding very much.. I feel like I am missing something when everyone talks about this whole "love what you do" notion..

I absolutely agree with what coach said about having a purpose other than just reaching retirement and financial independence. It was interesting to listen to people who are making a living trading. I've been at trading it for more than 3 years. It's a very lonely pursuit and people around you don't understand why you do what you do. Let me know if you want to connect with me to discuss trading. I would love to if you're into economy, trading, capital market, The influx of new traders since the March low is kind of an unprecedented event that attracted a lot of people to gamble their money in the market. The stock market is not economy and we're in an asset bubble. It doesn't mean that you can short this market whenever you feel like because you're going to get your face ripped off. It pays to go with the trend until there are some good short signals and currently we don't have any. There is no room for ego-driven decision in trading as it is likely to result in bad decisions. Everyone who makes living trading was once a loser. That's the tuition you pay in the market as they say. Most people don't last for more than a year in trading business and you need to learn how the overall market works, perseverance, self-trust, trading plan, money management + trading rules and meticulous record-keeping. Otherwise it's bullshit. The majority of Robinhood traders are going to end up in tears. Most of them have no plan and just go with the flow of the herd. Besides, Robinhood app is a joke for any serious trading. I mostly swing trade as I found that it gives me more an edge than daytrading. I've also learned daytrading all the time is losing proposition for the most as you're swayed by algos, tweets and the Fed. Ask me if you have questions about trading or want to talk about ideas. I don't know everything but I would love to discuss the subject with other people.

Make new friends? And lot of Americans live in different state then their familiy, so what's the difference? You need to fly to your family anyway.

Flee to cheaper living: I listen to Americans planning to move to some place where living expenses are better: Mexico, and parts south of the Rio Grande. Great. But what are you going to do there? How many beach walks do you take before you're board? You're not going to take your stuff with you. No you already sold everything when you left home, right? So what are you going to do with your self, in a foreign country, far from friends and family? When you figure that out let me know. I want some sunshine too.


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