I am not rich, in fact I’m not rich at all but I do have a job that pays me a decent amount of money. But an outsider looking in at me would be surprised that I make as much as I do living the way I do.
I live in a humble flat, drive an old beige Corolla with a heavy mileage but still reliable, usually wear second hand or thrift shop clothes, and virtually never go out to eat as I can cook and meal plan well.
The only thing I don’t really skimp out on is vacations and experiences with my loved ones! As those are really important to me. But besides that I live very frugally, and besides my emergency fund, invest all my savings into stocks and Crypto.
Now in theory I could afford a nicer apartment, latest car, and a bunch of flashy designer clothes and still have money left over. But the thing is I grew up in a very poor household(below poverty line, free lunches at school, food stamps all of it). So I’m used to having to live life with a lot less. My current lifestyle although frugal and conservative to others is lavish compared to my childhood.
Then my goal is and always has been early retirement and a wealth reserve for my future kids. I’m tired of the rat race and although my job pays well I hate it and just want to be done. Then I want my kids to have the leg up in life that I never got and have all the opportunities in the world.
So I consider these next 5-10 years of my life waiting for my portfolio to take off a sacrifice. So that the next 30+ years I will be financially free and some will my children.
Anybody have a similar mindset or experience?
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