Things Only FIREd People Can Do
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- เผยแพร่เมื่อ 2 ต.ค. 2024
- Financially Independent Retired Early allows for a lot of freedom of time. It allows to you schedule your life to optimize the way you work or even the way your body works. Get enough rest before taking on difficult tasks. Reducing work stress, reducing sickness, and much more are part of the life around early retirement. It's not all roses but it can be if you plan it properly.
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If you have Fire'd, keeping and maintaining a good exercise regimen will help with both the stress you mentioned needing, and aid with better sleep.
exercise will add stress? From having to go and work out?
@@RickMartinTH-cam Exercise gives you eustress (the "good" kind of stress), as opposed to distress, what people typically associate with as bad stress.
I get forced to exercise 😔 my squat is 130lbs, deadlift 200, and bench is a measly 40lbs. (Female here) need lots of sugar and caffeine to exercise and keep fit.
I quit my mandatory in-office software engineering job in 2020 after 20 years. Took a 50% pay cut and got a work from home job as a glorified data entry Engineer. From bed to desk in 30 seconds. See kids off to school and when they get home. Prepping dinner and laundry is actually much easier. No more 90 minutes a day driving to-from work. No more pointless daily agile meetings(I actually have ZERO meetings now!). No more overtime or thinking about work Sunday evening. Its not all about the money or job title folks. FIRE gives you these options!
Hey. Im a software engr as well. But what does an data entry engineer do? I searched data entry and data engr only.
@@togs3346 Lol....my job is one step above data entry duties.....with Engineering stuff.....You would have to search Engineering Technician.
But you are not retired!!!
But you are not retired!!!
You're not FIRE (RE = retire early)
Great video as usual. The way you talk about that moomoo thing makes it sound like a scam. Do you really recommend it or is it just for the video sponsor? Thanks
That's just what I was thinking. I used to enjoy listening to Graham Stephan, but after FTX he has lost all his credibility. I unsubscribed from his channel, because I don't trust his advice anymore. That can really destroy a youtube channel. That is why Scotty Kilmer refuses to do endorsements.
I've stopped watching Graham.
moomoo is a stock broker with SIPC Insurance which is similar to FDIC. If they go bankrupt, you should be able to recover your assets in theory. They are a sponsor and I also have deposits with moomoo.
Hey there, good stuff here as usual, keep producing this content. On the topic of sleep , my takeway from watching other youtubers (including Huberman) is that waking up at the same time every day is good for your mind and mood so maybe in this case, the typical salaried employment is doing us a favor 🙂
Very true with the stress talk. Back when I had a temp contract at a hedge fund, that was extremely stressful, when that ended, it felt abnormal that I had nothing to do anymore, since I was spending every day working before for months. Now I pick up pieces of coding work here and there just to keep active, and to not end up playing computer games all day.
Great you are keeping active. Better if you really like coding too. =D
hey brother bush happy new year. you save so much money now you have to get a wife to spend your money.
@@BeatTheBush finally you are getting back to the positives of Retirement Early content which made your channel so lovrd.
Never knew you had a second channel. FIRE is a luxury, away from 9-5 rat race. Chronic stress is not easily detectable and yes, it will becomes a health problem at some point. Ideally, everyone strives to be FIRE but for most, our second best choice is work/life balance to which many corporations pledge to but rarely practice in reality. I will not allow myself to stress over work. Wealth Health. No amount of money earned can buy your health back.
I keep trying to tell myself this, but it is very hard when you are an employee and there is that force pressuring you. How do you combat with your one voice vs the force of the employer and the rest of the employees that enforce it.
I always went by: When I leave work, Im gone.
Worked in tech and refused a laptop every time. Demanded a desktop.
Yes I had a computer at home, and yes I always helped out if someone called and asked. But _never_ checked emails or did anything extra work after office hour, except if I was on the clock.
Same here. It's so difficult to obtain work life balance when there is stress at work. You can try to mitigate things in various way but I suppose the best is to not look at work for an entire 7-10 days on vacation.
Enjoy your life 🍀🤗🙋♀️
I FIRE'd in 2015 and it has been an amazing experience. Sometimes I see videos on TH-cam explaining that FIRE is not possible for the average person, you'll be miserable, etc. It has been great for me and I don't think I will ever be able to work for someone else after experiencing how great life can be when I am in control of how my time is spent. I went for a hike next to the river this morning and lately I have been helping my elderly friend with a surgery and transition to assisted living facility. Stuff I would not have time for if I were working full time. I am getting into kayaking (both sea and whitewater) and I spend a lot of time exploring the outdoors. I leave home for weeks at a time exploring the western United States and sometimes internationally. I work on electronic and mechanical projects at home as a hobby, which is so much better than working as an engineer on projects I didn't care about and to a standard that I could not be proud of. When I was working a stressful job I had a brain problem that required surgery. I am convinced it was the stress that initiated that and it was the spark that got me interested in researching alternatives to working until I die. I think your channel could be stumbled upon by people in similar circumstances and it will help them realize they can achieve their goals too. So thanks for that.
@@coolmonkey619 no. Lots of friends and hobbies.
@@zloungeact You invest in index funds for 20+ years, live below your means. That’s it. If you can live on 4% of your investments, they should last 30 years atleast.
Once you FIRE, you can never go back is very true. If you live most your life in servitude, you're not about to willingly go back. This is also considering the massive extent of effort you get yourself to FIRE in the first place.
My man replaced work stress with relationship stress
In my 10+ years career, job stress is usually 4-6x more stressful.
Asian women are far less stressful than American women.
I just stand on a line and move a lawn mower blade to a cart no boss no drama no brain work making over 1k a week take home with low cost of living it ain't the work that's bad it's the people
Good video! I watched it twice!
Thank you!
Thanks for the motivation!
=D
Is it really good to have more then one Channel? The Food looks tasty🙂
Hmmm sorta kinda.
You're very accurate and realistic. I love that you show the real benefits of being independent / job free. That might also be the case when you're self employed, to a smaller degree. Having to "report" to someone is just awful and the fact you don't have paid sick leave when you're sick in America is mind blowing.
In America you can get sick days but many just combine sick and PTO together.
@@BeatTheBush Oh? But aren't paid sick days only for when you are sick and you have a letter from your doctor stating that officially? For example, let's say an employee breaks a bone and needs three weeks at home to heal. Or something else that might require longer time away from work. I heard of "sick days" as something like personal days you can take without notice when you "call in sick" but they seem to be very few (maybe a handful per year?). I was thinking that the problem you mention happens because you can't go to your doctor and take a doctor's statement to your HR requiring them to let you stay home for as long as necessary while being paid. That would prevent having people working ill. That's how it works back in Brazil, by the way (if you're an employee, 15 days full pay directly from your employer, the remaining by the government, the amount is calculated based on your average contribution for the past 5 years or so etc) and I believe it's the same in Europe.
@@TheSimArchitect most companies are similar to that but with short staffing or unique responsibilities it is not always guaranteed u can take the time off. ya maybe they cannot legally fire you for taking ur PTO, but they can invent some other reason and reclassify it as not meeting responsibilities outlined in the job description. idk, to me the PTO and sick/vacation time is just an extra ~50-60 hrs that gets paid out to me as a christmas bonus. to some people with higher paying hourly jobs, thats an extra $5,000 at the end of the year. I cant think of very many hourly paying jobs that exceed my former pay rate of ~70$/hr. after that i think almost all jobs are salary or commission which i think is much more easy to take sick/pto/vacation so no one pays attention to that.
@@vevenaneathna You can get it in cash? I didn't know! In Brazil we used to lose unused vacations.
@@TheSimArchitect depends on the company policy i think. in my state there are no laws to guarantee stuff like this. if there was a state that did I would guess either CA/NY or one of those rust belt union heavy states. in my profession I am actually exempted from most labor laws and can forexample work 80+ hrs without taking a brake. imo the labor laws in the US are old and antiquated and are usually just manipulated by corporations against their workers. i love to work/make money though lol
Francis, do you think owning a home is the best way to FIRE or would renting be OK and have that money invested in index funds instead? TY
I think owning a home has a high chance of working well but it's not a slam dunk depending on the home appreciation during the time you buy to selling it. Last 12 years of home ownership yielded about a 6% compounded annual gain so it's not bad. It's also a vehicle to help you save as many people with a large chunk of cash usually finds some way to spend it or invest it poorly.
Nice video! You are so lucky you're traveling! 💖 I wish I could have accompanied you! :-)
Your thoughts on covered call ETFs, such XYLD, QYLD? Do you utilize them? Thnx.
Francis maybe talk about the work ethic in Taiwan?? How they might feel about Fire??🎆
I really wonder as well. I can only observe that there are A LOT of people busily commuting to work, same as in California.
u definitely have a FIREd hairstyle lol. right out of bed and ready to fall back in at any time
had 2 kids since watching you...kids= no more sleep lmao going on 5 years lol
Wow... so much time has passed eh?
A small amount of stress is doable, just hate the large stuff which I'm avoiding at all costs! 👍💗
Thanks for the video! I like that even though you're "homeless" like you still talk about your employee days b/c 99.9% of viewers are not FIRE'd (fired maybe but not your kind of fired). I am not feeling well but not full blown sick, but I still will go into work tomorrow. I just want to stay home and recover, but me feeling meh is not good enough.
Thanks! I'll have to keep this in mind when making future vids.
I thought if you got terminated, you can wear jeans in the middle of the week. 😃 Either way though. If you're financially independent, you can also do that.
Beat bush. Do you recommend “churning” these stock accounts? I have taken your advice with bank account and credit cards. It’s fun and profitable.
Yes however I tended to just open and never really closed them. You transfer your invested assets from in place to another and nab a bunch of sign up bonus. Great if you hold index funds and do not need to buy and sell frequently.
"I need to wakeup to go to a restaurant" hah
This is goals.
Since my company went remote 100%, there is no way I would FIRE
True. Remote work makes it really great. I would love to have worked remotely as well.
Your living the life! I’m going to check what this acorn fed pig is about on your other channel.
Chronic stress has caused my teeth to be all ruined 😭
Maybe you can get crowns, but look around the world because US and America are insanely expensive for that, quite affordable in many other countries and some are really good. I might do mine in Brazil in the future, since they have great medical/dental care (private) and I am originally from there. I'll hold to my natural teeth for as long as I can, though.
I wonder how that works. Infection from lowered immune? Do you brush at least twice daily with an electric tooth brush?
@@BeatTheBush I guess they grind while sleeping?
Yeah, I think I grind when I sleep. I also had a poor schedule from all the late nights, I did Comp Sci 😔 moved away from my parents, no job stability + grinding + layoffs + Monster (caffeine) + making barely enough to pay my bills (40k a year, then 63k) and living in Alaska where my rent is 1917. Plus the company I worked for sued 3 companies into insolvency and sued 5 former employees and had HUGE turnover rates.
And thank you for responding to me BTB 😢 I brush after every meal, maybe it's a little too often, but I used to miss brushing every so often due to heavy coursework and then after college I couldn't get a job.... and once I did I was constantly stressed because I moved out with my partner (and we're both in Tech!!) I got laid off (put on PIP) but they got a promotion luckily 😭 I need another job in case they get laid off, but almost everything on Indeed I applied to was a scam, and one even tried to start credit cards under my name 😭...
Enjoy your stay! Now that your making less videos I look forward to it more. :)
Thanks for your support!
My hair has thinned and gone quite gray, mostly due to work. But it has been work from home for the last 2.5 years. So silver lining from the pandemic.
Nice video. This reminds me, I do realize all the higher ups at my work, like VPs and EDs all have bald spot on top of their heads so I can imagine the stress level they are having. I ll rather stay at entry level then, my pay still enough to get by, not as long hour as them and I am healthier mentally
If you get double pay you probably get 5-10x the stress. 300k wall steer job?, at least those who blog about it want to only work a few years and get out.
I like your videos....... Keep it up
Thanks, will do!
😃
BTB I am ready , but in no special hurry to downsize from a 15 room home and pool in San Diego County. The only job I ever had was flipping high end homes. TBH , I don't want to quit because I might get bored. I am thinking about having a child but is that too much stress ? Or should I hire a live - in nanny/ housekeeper? Thanks in advance.
15 room home! ha ha ha ha. Very nice. That sounds way too big unless you have 10 kids?
My hubby and I decided 23 years ago to be able to live off one income and save invest the other. We have about $1.7M now, we are 46, 48. Times were difficult have having 3 kids within 18 months and we were at some years very stressed from our jobs and raising kids and not sleeping much but I'm glad we pushed to keep saving. Last 2 years we've been travelling the country with our teens in our RV, my hubby works from the road, and I took a break from work to manage our finances and homeschool. We will be doing some international travelling this year and will settle back into sticks and bricks life. We always strive for FI and RE is just an option. My hubby doesn't want to stop working since we're already doing what we would have done if we had retired
BTB you need a little more stress in your life. I recommend you get a wife and have 1 or 2 children. This will give you the ideal amount of stress 🤣
🤣🤣🤣🤣🤣
Too little stress???!??!
Lol I like your title
Is there a good investment app that isn't owned by the CCP?
Awesome!!!! Glad you're able to vacation in an awesome place!!!! Also, beware of Taiwan's neighbor >_> you may want to hurry up seeing that island lol
You could try eTrade or TDAmeritade or Merrill but they don’t give free shares for low amounts of initial capital. I haven’t really seen invading ships on the coast just yet.
@@BeatTheBush I didn't know they had trading apps :) thank you for the information
What's your income like since you don't upload often?
Terrible. Lol but I’m still saving at a reasonable rate.
BTB, I got FIRED 😔 I'm homeless now gonna buy a tent
Sorry to hear. Hope you can manage economically.
You were making over 6 figures? Is it not appropriate to have stress if you're making that much?? Go work at McDonald's if you don't want stress
Should stress be proportional to pay?
Mental health affects everyone regardless of pay
@@CC-ru4rr ok
hmm i wonder if its coz we have lots of the red bitter acorn trees and u cant tell them apart or something? dont like pork but that sounds good. ima check out the food channel
Thanks! Sounds like you are based in Spain? Man those bellota pigs are so delicious!
@@BeatTheBush wa state. no income tax! i was under the impression that red acorn trees are just the regular oak trees....? idk. i tried to make flour with them once and it was so bitter no matter what i did. maybe i should have paid attention in biology class
Enjoy the eating!
Will do!
Plural nouns are followed by "are", not "is". 😘
Yep. Sometimes I mess up when speaking in front of the camera. I type with less grammar errors.
@@BeatTheBush But it's not sometimes... It's seems you almost always say "is" instead of "are" when you need to. Stay gorgeous.
I hope I get fired from my job
Try not to quit and get some severance pay!
Good to see you are eating again. Can you do an update on how you healed your stomach?
Hmmm, where do I put such a video. I have a secret on how I did it recently. =D
@@BeatTheBush You put the last one on this main channel so how about that?? I am struggling with this and would really like to know! Thanks!
Very well said, Dr. BTB.
:D no Dr here!
i think us guys found your video interesting ;)
Thanks!
Hey can you make a FIRE series?
This!
Noted. I'll make other vids about FIRE soon.
@@BeatTheBush whoop whoop! I learn a lot from your channel specially your advise of max contribution in 401K in Jan and Feb to get the most and also the best matching from the company.
He looks worse now then a year ago.
Really? I feel great.
Before they changed the rules, this Fresno County employee put his sick and vacation time together and took two years off. When he returned, someone decided that his position wasn't needed so he was fired when he walked back in the door.
2 years? You have to save for 10 years of vacation for that? Maybe sick you can go up to 6 months for extended leave and perhaps without pay.
@@BeatTheBush Fresno County had to a questionable way of calculating retirement and time off. The accounting system/policy was changed by a lawsuit by the retirement system. It was costing them too much.
My hair was breaking off from work stress a few years ago, and I actually threw up from work stress last week. I definitely need to retire!
Take a long vacation. Or switch jobs!
i have to put in my 26 days pto 1 year in advance lol
Wow... perhaps you have to double the time in advance if it goes past 10 days.
Can you do FIRE if you have kids?
Only if you are a woman.
Tell your husband because you are a sagittarius you need to go and find yourself, taking the kids as well.
Then you sue your husband for alimony and are set for life.
@@RickMartinTH-cam no 😂
I went from 36 hrs a week(full time) to part time (16 hrs a week). I work extra when ppl take fmla/pto. I have 2 kids. It is still more stress than I'd like when I pick up shifts, but otherwise it is ok. I'm not sure FIRE is a good way to go for me so I keep working so I can get healthcare benefits for my 2 kids and spouse. Otherwise I'd be paying twice as much under the obamacare plans for my family like 6000 dollars vs 12000 dollars. Sometimes I debate with myself if I should pay 6000 dollars more for freedom. BUT also that puts my spouse as the main bread winner. So if something were to happen then I am a bit out of practice. To sum up, part time is best for us/me b/c I get medical benefits, steady money(steady money is like crack), and a back up plan should one of us not be able to work.
So I guess it is up to you how much risk you are able to tolerate. everyone is different. My parents freaked out when I told them I may not be a salaried employee so that's how I am not FIREd but parttime
Probably but each kid requires about $500k-1M in additional assets to FIRE. Mayyyybe $250k if you're SUPER frugal in raising the kid.
BTB
Any comments on FTX and how Coffeezilla exposed it as a massive scam
It's pretty crazy that happened.