What caught my eye this week.
NSThe gospel of FIRE is probably very widespread, as even those who suffer from the open concept of financial independence can quickly see the points of early retirement.
Put together in catchy acronyms like FIRE and Boom! A meme was born.
Just compare FIRE with the standard DCMPA strategy. This is a defined contribution to the minimum pension age and no one has ever entered it. It’s clear why FIRE is so large. Ticktaku, While organizing DCMPA documents, is at the bottom of most people’s ToDo list.
Still i I hate to subscribe In my own FIRE terminology. It’s partly due to my unique hipster snooty, but it’s also what moved my imagination to be financially independent, and it’s always like the second fiddle on the FIRE sales pitch. Because it looked like.
with some reason, Idyllic early retirement It’s not exciting enough for me to stay financially active, but the FU Fund / Death Star is in my back pocket.
I tried the term Financial Freedom and it seems that the phrase always has meaning. Maybe it sounds vaguely hippie?
Also, if Exactly Eligibility for early retirement is a can of worms for pedants to kick around, and then financial freedom is a mass of fish in a barrel for shooting a gun.
How free is it economically? Can I use the bus for free anytime, anywhere? Uber X? Are you free to catch your own private jet?
Discussing early retirees at Side Hustle is a child’s play by comparison.
I have now learned another term for a lifestyle that is “economically purposeful semi-loafing but with a healthy bank balance” I am..
Apparently, we have such a soul Time millionaire..
according to Parents this week:
First named in the 2016 column by writer Niran Janaloi Financial TimesTime billionaires measure their value according to the seconds, minutes, and hours they return from employment for leisure or recreation, not in terms of financial capital.
“Wealth can result in comfort and security.” Roy says. “But I wish we were taught to put as high a value on our time as a bank account, because how you spend your time and days is yours. Because it ’s how you spend your life. ”
Of course, a quick quick glance reveals that the term “millionaire of time” is not strictly defined. But I can definitely put off that concept.
Anyway, since some point, I’ve always valued my time (especially the ability to do nothing “productive” at all times) much more than putting extra money in the bank.
Best as a freelancer, I was a samurai level Time manager – Not to narrow down more work, but to narrow down more work timeouts.
When a friend asks why I quit my corner in a rat race, Waitrose has the ability to wander into the British Museum on Tuesday afternoon, or wait for one of its ropeless free coffees the day before the pandemic. It’s hard to explain what it is. Whenever you want – at least as inspiring as writing a novel or starting up.
In fact, I decided to take an hour for lunch, no matter where I was hired or working. No one else did – not consistently.
To make matters worse, many colleagues spent a lot of time. And working more than 12 hours every day is a particularly ridiculous strategy.Studies show that if you work more than 55 hours you Low productivity.. Extra effort is meaningless.
What’s more, even if you manage to squeeze out some useful efforts Parkinson’s law Eventually you will get you.
Life is easy
I don’t think the Time Millionaire term works. But I agree with that idea and my money is in my mouth.
Or rather, the money I didn’t get because I wasn’t working!
(Well, that’s an exaggeration-or isn’t it literally? Hey, we’re already talking far from booking because we’re talking about “millionaires” in time.)
Regular readers with great memories may remember that I quit my main job contract a year ago.I was going to spend more time growing Monevator, And various other early projects.
But even after 12 months, that hasn’t really happened. Anyway, not yet.
There are some good personal excuses for this, but I won’t cover them today.
Especially because I can’t help thinking that most of the time I’m busy doing nothing.
Was good They do not tax their free time!!
What do you think? Would you rather be a millionaire of money or a millionaire of time? Is it possible to combine these two systems with the theory of everything? Or is the FIRE term already doing that?
Please let us know in the comments below. And have a great weekend.
Savings rate for rescue – Monevator
Portfolio (basket) case study – Monevator
From Archives: Are General Investors Missing Venture Capital Returns? – – Monevator
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Tax authorities strengthen grip on cryptocurrencies [Search result] – – FT
UK Homes Can Be Worth £ 1.2 Trillion On The Open Market – Guardian
Pension savers face the risk of higher fees as snacks seek billions of dollars to “level up”. [Search result] – – FT
Homeowners receive a £ 101,000 invoice to correct a £ 180,000 flat cladding – ThisIsMoney
Bitcoin mining has disappeared from China – Wired
British are insignificant in pension [PDF] – – Great British Retirement Survey
Supply Chain Pain Mini Special
Gasoline and diesel pump prices are close to record highs – BBC
Britain’s largest supplier warns when chicken prices rise – BBC
Missing Countries: Why Britain Is Set for a Severe Christmas [Search result] – – FT
Products and services
Natwest and First Direct offer new switching bonuses worth up to £ 150 – Which one
A food box that gives more nosh for your dosh – ThisIsMoney
Sign up Free trade Through my link we can both get a worthy free share between £ 3 and £ 200 – Free trade
QPR CEO talks about the club’s new 5% payment minibond – ThisIsMoney
How to reduce the cost of owning an electric vehicle – Guardian
Would you like to pay 20 pence to read an article instead of getting a subscription? – – ThisIsMoney
Dive deeper into the proliferation of “buy now and pay later” schemes – Which one
House for Strictly come to dance Fans, in the photo – Guardian
Comments and opinions
Actual cost – Humble dollar
Second Home: Stupid or Fantasy? – – Fire V London
Relationship between Money and Marriage – Secret money scribe
How much does an early retirement cost? – – I retired young
For investors, the period is everything – Richness of common sense
Tenterhook snacks over rising borrowing costs – David smith
When did you finally get rich? – – Financial Samurai
How Money Games Change Over Time – Bunker on fire
Investment tools evolve to manage risk – canvas
Naughty Corner: Active Antic
Larry Swedroe: Value stocks remain cheap compared to growth – TEBI
Create an investment case for Hotel Chocolat – Interactive Investor
This sounds like when the money died – bps and peace
Is the “worst cold in history” triggered by Covid? – – BBC
Successful mRNA Covid vaccine paves the way for new drugs [Search result] – – FT
Kindle Book Bargains
Stop like a millionaire By Kirsty Shen and Bryce Leung – £ 0.99 on Kindle
Snowball: Warren Buffett and the Business of Life Alice Schroeder – £ 3.89 on Kindle
Creativity Co., Ltd. Edwin Catmull – £ 1.99 on Kindle
My Garden World Monty Don – £ 0.99 on Kindle
Your new beach property – Investment Clement
Huge turbines are pushing the boundaries of potential – BBC
Why many of us are casual spider murderers – BBC
Thames Water sewage data show hundreds of illegal spills [Search result] – – FT
From our beat
Semi-rich 9.9% problem – Vox
What is the point of 15 minutes grocery delivery? – – Deputy
How London became FinTech’s Global Center – time
AI and Mathematics Playing a Greater Role in Global Diplomacy – Guardian
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Weekend Reading: Who Wants to Be a Millionaire of Time?
https://monevator.com/time-millionaire/ Weekend Reading: Who Wants to Be a Millionaire of Time?