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Don't Waste the Good Days

seths.blog

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Re: Don't Waste the Good Days

#161

Post by onlyrealcuzzo »

passerby1 wrote: post #124
onlyrealcuzzo wrote: post #48

Earlier quoted context omitted.

You only need 1Bn IDR (~$70k USD) for an investor visa. I would hope if you're planning to take an entire year off - you have AT LEAST $70k net wealth...

Do you need to actually pay/invest or just show that you own your 70k?

https://visaagencybali.com/visa/investor-visa/

You need to invest in a company - but IIUC you could just buy ~$70k shares of Indonesia Telecom (i.e.), live there for 3 years, collect dividends, and then cash out when you're done.

Under normal conditions, I wouldn't want to invest ~$70k in some Indonesian large cap I know nothing about.

But if I wanted to live in Bali for a year, this is a pretty easy way to do it...

Re: Don't Waste the Good Days

#162

Post by philosopher1234 »

wiseowise wrote: post #108
nightowl_games wrote: post #51

Earlier quoted context omitted.

> I'd have played fewer video games, traveled less, and relaxed on the beach less. This seems totally opposite of what old people say on their death bed. You sound so obsessed with money here. My guess is your probably very wealthy relative to the average peer and your too naive to realize it. You have to keep telling yourself this philosophy to justify not wind surfing in Bali. You think your gonna wind surf when yo…

> You think your gonna wind surf when your 60? No. > You think it's smart to spend your 'non arthritis' fingers on coding? Yes.

Thanks for the comment. I disagree, so I’m going to rebut you: no.

Re: Don't Waste the Good Days

#163

Post by ipiz0618 »

serjester wrote: post #91
ryandrake wrote: post #41

I feel like there is wisdom in "Make hay while the sun shines." When you're young and unencumbered by responsibility and family, when your cognitive abilities are at their peak, when your energy is endless, when your body is strong and healthy, when your knees work, and your fingers can type without arthritis: that's the optimal time to work and earn. Min-max that salary and stay healthy. Due to compounding interest,…

Here’s an interesting thought experiment for you - if you could trade 20 years of your life for 10 billion dollars, would you? Just step in a room and walk out a billionaire. I have yet to meet someone that would accept the offer. So if you do the math, they value their time at a shockingly high rate. I’d argue, trading the best years of your life for an early retirement is the same proposal. Steve Jobs would have gi…

When I have that 10 billion, I might want to extend my life just to enjoy it more, like all the rich people do. But right now? I don’t even need to think twice to accept that offer lol. My time isn’t that precious when 50% of it is spent working for food and shelter, and trying to stay fit so that I don’t stop being capable of working.

Re: Don't Waste the Good Days

#164

Post by unmole »

nightowl_games wrote: post #51
ryandrake wrote: post #41

I feel like there is wisdom in "Make hay while the sun shines." When you're young and unencumbered by responsibility and family, when your cognitive abilities are at their peak, when your energy is endless, when your body is strong and healthy, when your knees work, and your fingers can type without arthritis: that's the optimal time to work and earn. Min-max that salary and stay healthy. Due to compounding interest,…

> I'd have played fewer video games, traveled less, and relaxed on the beach less. This seems totally opposite of what old people say on their death bed. You sound so obsessed with money here. My guess is your probably very wealthy relative to the average peer and your too naive to realize it. You have to keep telling yourself this philosophy to justify not wind surfing in Bali. You think your gonna wind surf when yo…

> This seems totally opposite of what old people say on their death bed.

Unlike everyone else, someone on the deathbed doesn't have to think about the future.

Re: Don't Waste the Good Days

#165

Post by staticassertion »

nightowl_games wrote: post #51
ryandrake wrote: post #41

I feel like there is wisdom in "Make hay while the sun shines." When you're young and unencumbered by responsibility and family, when your cognitive abilities are at their peak, when your energy is endless, when your body is strong and healthy, when your knees work, and your fingers can type without arthritis: that's the optimal time to work and earn. Min-max that salary and stay healthy. Due to compounding interest,…

> I'd have played fewer video games, traveled less, and relaxed on the beach less. This seems totally opposite of what old people say on their death bed. You sound so obsessed with money here. My guess is your probably very wealthy relative to the average peer and your too naive to realize it. You have to keep telling yourself this philosophy to justify not wind surfing in Bali. You think your gonna wind surf when yo…

Lots of people I know in a generation or two above me regret not saving when they were younger. Now they're nervous about being 70 and having to retire soon but not feeling stable, or feeling that they may financially burden their children.

Compounding interest on money means, as previously mentioned, money you earn at 20 will be 10x as valuable compared to money earned towards a typical retirement age. With tech having strong early salaries and heavy stock compensation I think this is even more the case.

> You think your gonna wind surf when your 60? You think it's smart to spend your 'non arthritis' fingers on coding?

How about 40? Because if you start working at 21 in tech and you're aggressive about your career that's when you can retire.

Do experiences compound? Will I enjoy an experience more at 25 than 45? Maybe, and there's always some balance, of course. No one should work themselves to death.

But I worked obscene hours for my first 4 years of my career, lived with many roommates, and saved a lot of money. And I started years later than most, as I entered the market at 24 instead of 21.

It buys me great peace of mind to know that I am financially stable and independent, that I can take care of friends and family who are not, and that I have bought myself decades of retirement.

Re: Don't Waste the Good Days

#166

Post by captainmuon »

ryandrake wrote: post #41

I feel like there is wisdom in "Make hay while the sun shines." When you're young and unencumbered by responsibility and family, when your cognitive abilities are at their peak, when your energy is endless, when your body is strong and healthy, when your knees work, and your fingers can type without arthritis: that's the optimal time to work and earn. Min-max that salary and stay healthy. Due to compounding interest,…

> compounding interest

You are lucky if you can take advantage of compounding interest. A dollar you spend on food in your 20s is just as valuable as a dollar you spend on food in your 60s.

Also, interest rates are lower than inflation in many cases.

I have a good job and a bit of money invested (about a new cars worth maybe) but there is no chance that I can become "wealthy" or retire early just by saving.

Re: Don't Waste the Good Days

#167

Post by freewilly1040 »

amznbyebyebye wrote: post #25

People look at me like I’m insane when I tell them I’m packing up and taking a year off. I’ve f’in had enough. And that’s me, the wife and our two kids- not quite school age. No I haven’t FIREd. No I’m probably passing up a raise and a promo (or maybe not). Super linear growth requires super linear decision making. You either follow the sheeple or decide enough is enough and make some drastic change. Im not getting t…

I’m on the tail end of a 3 month break, returning to work on Tuesday. I worried I would not have enough to do, but id gladly take 3 more months right now.

Re: Don't Waste the Good Days

#168

Post by Archien »

serjester wrote: post #91
ryandrake wrote: post #41

I feel like there is wisdom in "Make hay while the sun shines." When you're young and unencumbered by responsibility and family, when your cognitive abilities are at their peak, when your energy is endless, when your body is strong and healthy, when your knees work, and your fingers can type without arthritis: that's the optimal time to work and earn. Min-max that salary and stay healthy. Due to compounding interest,…

Here’s an interesting thought experiment for you - if you could trade 20 years of your life for 10 billion dollars, would you? Just step in a room and walk out a billionaire. I have yet to meet someone that would accept the offer. So if you do the math, they value their time at a shockingly high rate. I’d argue, trading the best years of your life for an early retirement is the same proposal. Steve Jobs would have gi…

If I knew how much time I have with those 10b, yes for sure.

I would stop working today, would create my dream farm etc travel the world etc.

Re: Don't Waste the Good Days

#169

Post by haihaibye »

balls187 wrote: post #79
amznbyebyebye wrote: post #25

People look at me like I’m insane when I tell them I’m packing up and taking a year off. I’ve f’in had enough. And that’s me, the wife and our two kids- not quite school age. No I haven’t FIREd. No I’m probably passing up a raise and a promo (or maybe not). Super linear growth requires super linear decision making. You either follow the sheeple or decide enough is enough and make some drastic change. Im not getting t…

Why Penang?

Penang has some of the best street food in the world.

Re: Don't Waste the Good Days

#170

Post by 01100011 »

ryandrake wrote: post #41

I feel like there is wisdom in "Make hay while the sun shines." When you're young and unencumbered by responsibility and family, when your cognitive abilities are at their peak, when your energy is endless, when your body is strong and healthy, when your knees work, and your fingers can type without arthritis: that's the optimal time to work and earn. Min-max that salary and stay healthy. Due to compounding interest,…

It's tough... at 47 I'm old enough to have felt the decades past turn into a scant handful of memories. When you're older, the past matters less. The now matters more. Not being able to pay for good health care matters. Not being able to eat what you want or take vacations matters. When you're old, you realize "Oh yeah, life goes on, long after the thrill of living is gone" and you have the now to worry about. But I don't know, even if I can't remember all of it, some of what I did when I was younger made me who I am now. I'd say plan on working until you're at least 50 and taking some time to smell the roses, especially if you have kids.

The other thing I've realized being old: if you're going to have kids, have them young. There is absolutely nothing on this earth which is as valuable as the time you'll have with your children. I've waited until late in life to have kids, and it strikes me now that it means I might not ever get to meet my grandkids. I'll have decades less time with my kids to pass on advice and support them. I think if there's anything I'd trade my youth for, it's spending time raising kids. I'd gladly work a few hard years in my 40s and 50s for that privilege.

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