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 FI/RE - Financial Independence / Retire Early, Share your experience

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genesic
post Nov 17 2019, 01:30 PM

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QUOTE(aspartame @ Nov 12 2019, 10:39 PM)
The idea of FIRE is good but cannot be taken to the extreme... save 30% to 40% is already very good... saving 70% is extreme ....it’s got to do with marginal utility of money ... if u cut only a bit of expenses, u still enjoy the most utility on ur remaining spending... if u cut until Internet also cut, skip weddings , skip all gatherings , no eating out at all, no movies ever, no hobbies etc... then your life will be miserable
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once i have such comments too in a group and some got offended by my saying.
for me, is to cut unnessecary spending but not until suffocate our self or isolating ourselves from the real world.
by having such diciplines, we able to save much and have a good balance lifestyle


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