Engineering Financial Independence

Sharing my thoughts on health, wealth, and happiness. Dad. Husband. Fitness. Focused on maximizing life's most scarce resource: time.

[Engineering Financial Independence @EngineeringFI_]

And they all drove ‘04 Toyotas.

[DividendBoomer @BoomerDivvies]

We had 3 couples over for dinner on the weekend (parents of son’s friends)

All millionaires (one from a family closer to $1B than $1M)

The guys wore jeans and t-shirts or sweatshirts. Wives dressed a little nicer.
No Gucci or Fendi or Rolex etc.

No investing talk.

We ate Chinese food (and pie), watched the hockey game, talked about our boys, the Canucks 😭, the Seahawks and other random stuff.

I often see posts asking “what would you talk about if you were with a millionaire” and silly things like that.
Talk about normal things, they’re just normal people.

Friends are not about networking, money, bitcoin, wealth building etc.
It’s about enjoying each other’s company and having a few laughs.

[Engineering Financial Independence @EngineeringFI_]

Focus on increasing your income and investing as much of it as you can.

[Daniel S @accounting_ds]

One of my long term goals is 1 Million before 30

For those who achieved this, any advice? Anything you did that you look back on and have thanked yourself later?

Or is this a non realistic goal? My net worth is 55k right now

[Engineering Financial Independence @EngineeringFI_]

@BoujeeFinances RKLB

[Engineering Financial Independence @EngineeringFI_]

And $1M+ in retirement accounts and you will feel very secure.

[Drug Money Capital ™️ @TheDrugMoney]

You only really need a few hundred grand in a taxable account and your expenses under control to feel rich.

[Engineering Financial Independence @EngineeringFI_]

Cook your own food.

[Drug Money Capital ™️ @TheDrugMoney]

What’s a money saving strategy that more people should know about?

[Engineering Financial Independence @EngineeringFI_]

@TKopelman @AllStWealth That’s awesome!

[Engineering Financial Independence @EngineeringFI_]

Yes it can.

But only when you use it correctly.

[THE DIVIDEND DOMINATOR @TheAlphaThought]

Net worth of $14M but life is “boring”.

Money can’t buy happiness.

[Engineering Financial Independence @EngineeringFI_]

Roughly -$8,200 within a few months.

[Leo Invests @Leo_Traydes]

With my Size portfolio ~$8,200

How much $ could I generate monthly with options?

[Engineering Financial Independence @EngineeringFI_]

I'll never understand the obsession with owning a home.

[Michael Girdley @girdley]

"Our son? Yeah, he's not interested in having kids. He and his girlfriend are hoping they can buy their first home soon."

"He's 38, right?"

"Yeah."

[Engineering Financial Independence @EngineeringFI_]

@BoomerDivvies Endless money down there.

[Engineering Financial Independence @EngineeringFI_]

@BoomerDivvies Income tax, easy.

[Engineering Financial Independence @EngineeringFI_]

I drive a ‘99 4Runner and make my own coffee.

Or does that mean I’m rich?

[Ramp Capital @RampCapitalLLC]

Tell me how poor you are without actually telling me.

[Engineering Financial Independence @EngineeringFI_]

@StockMarketNerd <1%

[Engineering Financial Independence @EngineeringFI_]

@TKopelman 😏

[Engineering Financial Independence @EngineeringFI_]

@Leo_Traydes Read that second to last line over and over until you believe it.

[Engineering Financial Independence @EngineeringFI_]

@averagemoneymd So awesome.

[Engineering Financial Independence @EngineeringFI_]

This way of thinking is a good way to ensure you never hit $7M NW.

It’s always pointless to try to out perform the market.

Sure, take some flyers here and there, but actually spending time “studying” stocks with the intent of beating the market is a complete waste of time.

[Patrick CPA @BoujeeFinances]

At what net worth do you think it would be pointless to try and out perform the market?

I think that number is $7M to me.

[Engineering Financial Independence @EngineeringFI_]

@DevotedDividend Sure, if you’re 75.

[Engineering Financial Independence @EngineeringFI_]

@vrexec Probably true in many cases, but there are people making well over $300k living the lifestyle you describe at $200-250k.

[Engineering Financial Independence @EngineeringFI_]

@dougboneparth Exercise.