Business & Investment

What is the story of your economic origin?

IIt’s not normal to care about finances as much as we do.As Monevator Reader, you are paying extraordinary attention to your financial problems. You have probably taken great care in building a wealth-producing engine designed to secure the future of you and your family.

This is not standard behavior. The average bear doesn’t really care.

So what happened to you? What has led you to the current economic path?

  • Shock to the system?
  • Your upbringing?
  • Perfect luck?

What’s the difference?

In my case, I didn’t make any difference. Until the eve of the Great Depression, I was like everyone else – a person who was free to use, live on the spot, and had zero savings.

I didn’t have a pension.I had Interest only The mortgage I didn’t repay. I had a ridiculous car that ate money.

I was vaguely aware that something was wrong. In the world and in my world.

One day, my financially savvy acquaintance said:

“The party is over.”

“Is this a party?” I replied.

The reality began with the work of TSHTF Day in October 2008.

The plug has been unplugged. The project is finished. I was in a meeting with the main client when the main client received a call to turn off the tap.

I stopped hiring. We let people go. My inbox began to fill with CVs from ridiculously overqualified people looking for shelter.

It was like the second act of a horror movie. We were all camping by the beautiful lake. Tonight dawn, a maniac person brought a butcher knife to my companion.

Since then, the world hasn’t been the same, and I haven’t.


My new religion Save like grandma..

Throw away the car. pay off That mortgage. Slash outbound. Crank up your pension. Learn about the stock market.

Like a balloonist heading to the mountains, I chucked the old lifestyle sandbags overboard.

In a depressed world since 2008, fewer people are needed. There was no other job to go.

I needed to be one of the “irreplaceable things”.

  • Flexible like a yogi.
  • Greater value than Lidl.
  • As diplomatic as a pair of breeding pandas.
  • Well, I’m working harder than my competition.

I changed my clothes, changed my hair, and changed my attitude.

I wasn’t young, and the digital turmoil was spreading throughout my industry like an ashes die bag. It was time to adapt or die.

I learned a new skill early in the morning. I took an online course. I forced an audiobook on an important topic. I’ve covered side hustle to help you learn more about digital media. (Hello Monevator!! ) The last one also helped me Investing in education..

The line manager said, “If this place goes down, you will be one of the last people to turn off the lights.”

I needed more:

  • 2008 taught me that the sky can fall very quickly.
  • I felt that I was running out of time in a declining industry.
  • Redundancy hits the company like a wave, throwing people outboard.

My thirties had a calendar peeled off and there was a scrum at the senior management door. No one was going to enter.

I remembered the childhood of the early recession in the northeastern part of the early 1980s. I left an afterburn image of my friend’s dad on a scrap heap in his mid-40s.

In addition, the reverse role model of the old boss. Once great, it was in the center of everything. He became complacent. He will be high. He refused to learn new tricks. He didn’t expect it to happen to him until it happened.

Others were obviously unlucky:

  • Bordered in a political battle.
  • There are not enough allies at the crucial moment.
  • Skills that are not recognized by senior management.
  • It’s easy to omit.

I met a lot of former high flyers that were no longer available for purchase at previous levels.

Escape velocity

Financial independence That was the answer. If you’re playing another game, it’s okay to knock off the 3D corporate chess board.

If I moved hard and fast enough, I could afford bad luck, illness, or aging – the kind of hand handed out to “other people”.

Can boil Surprisingly simple Math Behind early retirement Until:

High savings rate + index tracker + time

The remaining 90% of the story is thinking.

If you don’t have the money to burn, the only way you can go achieve About 10 years of financial independence is due to giving up things.

This is what I haven’t missed:

  • I believe that money is equal to happiness.
  • Link self-esteem to money.
  • High position item: Big house, flashy car, exotic holidays, big boy toys. Wherever you are paying the odds to join the club.
  • Very high expectations: The idea that your job should be well-paid and fulfilling, record promotions on a regular basis, your family life should be perfect, and in most cases you should be happy and confident ..
  • Personally frustrated.. It’s not the setbacks that define you, but how you react.
  • Resentment, jealousy, revenge, and self-pity.

The mental side is a continuous battle for me, but the more I progress, the healthier and more resilient I feel. Anyone who comes up with the phrase “happiness = reality minus expectations” is a genius.

I did it my way. What about you?

My journey started the night before Global financial crisis.. The shock changed me for the rest of my life.

The biggest revelation I had was that if I went the right way, I could have taken most of the financial side. Take care of itself..

Most of the effort needed was in the development of a mental toolkit to survive in the workplace and improve well-being while I was waiting. Day of financial independence..

But what about you? How did you find the way here?

I love to hear about Monevator Please tell us your experiences and motivations for economic life in the comments.



PS i enjoyed Swiss cheese That mental model Investor Linked to Weekend reading..

The idea is to prevent disasters by shielding behind multiple layers of defense. The framework also shows how threats can defeat the system by neatly passing through inadvertently aligned holes rather than being covered by each other.

This is my Swiss cheese defense for my trip to FI:

What is the story of your economic origin? What is the story of your economic origin?

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