Peak student loan debt of $521k in 2013. Student loans paid off in 2019. Seven figure net worth in 2020. Slow FI since 2021.
Joined January 2017
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It is the start of Year 4 of the Slow FI chapters of our life. I still deal with money, but we haven’t let it drive hardly any of our decision making in years.
It’s amazing how fast a relationship with something like money can transform in a relatively short amount of time.
This is great analysis by Paula.
I came across this rant today and it makes me almost want to come out of X retirement.
Never had I truly considered Ramsey as an entertainer first, but now I must.
Dave Ramsey’s nine-minute rant proves several things:
1️⃣ you command attention by having a strong viewpoint, not an accurate one
2️⃣ a confident delivery can make even the most moronic ideas sound plausible
3️⃣ people don’t rally behind what they can’t understand, so …
4️⃣ … to gather support for an idea, make it simple (even if it strips away nuance)
5️⃣ you can dismiss research you haven’t read, using pseudo-math riddled with logical flaws, and those who can’t (yet) think critically will follow along
6️⃣ you have enormous freedom to make claims about the stock market if you never have to cite sources and you’re never held accountable for outcomes
7️⃣ you can ignore things like asset allocation, sequence of returns risk, and volatility — and yet people will still come to you for investing advice, so long as you blend brash overconfidence with folksiness
Truly, it’s a master class in media.
But it’s horrific advice for retirement investing.
It’s been a while since I’ve posted. Apparently this account is still active. More than two years since we slow FI’d (if that’s what it’s still called). I hardly think about money anymore. Haven’t looked at my net worth in a year. Don’t regret walking away from the high salary.
I believe I have stumbled upon what just might be a perfect Slow FI career for me. I get to teach advanced Math (and sprinkle in personal finance) to many really bright kids, I work sub-40 hours a week, and I am about to enjoy 3 months off.
This week we have dance recital rehearsal, soccer practice on different days for different kids, baseball practice and finally a pair of soccer games to close out the week.
It’s busy and stressful. Probably sounds dreadful to some, but I’m grateful for every minute.
Once we got a million dollar net worth, we knew it would be ok to slow down. We moved closer to family, took lower paying jobs that had less of a time requirement, and haven’t regretted it for a minute.
Why would you spend time with your kids? That’s time you could be:
Side hustling
Learning a new skill
Blah blah blah
This is how some of you sound.
Sometimes the best use of your time is to… enjoy yourself. Live a little. Spend time with those you love. Watch a show even.
My wife is a dentist and my father is a police officer. Both jobs where next to no one is happy to see them until they need them.
It’s amazing how much hate can be directed at a profession.
Thanks to all who do these jobs well and put up with the constant negativity.
On an individual level, I agree. So, for you which was it?
We ended up more than $500k in student loan debt at one point and still maintain it was a good investment for us.
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Unrelated sports tweet. Throwing a baseball intentionally near a guy’s head is about the most disgraceful thing I can imagine. You could literally kill someone because one of their teammates made you mad. Terrible part of the sport.
Accidents do happen, but most of them aren’t.
Sick of Twitter negativity? Me too. How about some positivity?
@picksuppennies is the real deal. We’ve never met, but she seems like the kind of person you’d want to know irl. I’m happy she’s educating our youth. Her writing is superb. And she’s (about to be?) mortgage free.
Also, she was pro new car before that was cool (if it ever was, I don’t know) and changed my mind about it. My favorite article of hers:
shepicksuppennies.com/to-eve…
Read it. Read her other stuff too. And have a good day.
I have 3 problems limiting a productive discussion:
1) I have a small audience, so not enough people see this.
2) People are afraid to speak out one way or the other.
3) People are unwilling to cede one thing that might be valid for the side of the argument they don't support.
