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Tedskill

2 days ago  Financial Independence

@Fawk_Face been there, done that.

    

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redpillschool

2 days ago  Financial Independence

@Fawk_Face way too volitile right now.

    

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Fawk_Face

2 days ago  Financial Independence

@Tedskill

Any tech skill is a good starting point

    

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Fawk_Face

2 days ago  Financial Independence

@Tedskill also invest in yourself learn a skill.

    

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Fawk_Face

2 days ago  Financial Independence

@Tedskill

Cryptocurrency.

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Tedskill

2 days ago  Financial Independence

With all that's going on.... What would you invest in right now?

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RealJoeDee

about a month ago  Financial Independence

I wrote up a full thread here:

www.reddit.com/r/theredpill/comments/k3xbuq/preparing_for_the_next_market/

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RealJoeDee

about a month ago  Financial Independence

I just checked my portfolio in my main investing account. My 1 year growth Dec 2, 2019 to today is 184.19%. And I didn't even start buying Tesla until after the split! (it's up 42.22%)

This is what happens when you have a "bucket" of cash to pour into the market during massive pullbacks like we saw in March. In fact I made a video about my strategy back in February 2020 that allowed me to keep dollar cost averaging in, while also saving up cash for such crashes, pullbacks, and corrections.

youtu.be/zaxvimxz2ls

How To Invest While Also Saving Cash
How I am saving up for the next bear market and "Rule 1 Events" while still investing monthly. [Originally posted Feb 16, 2020] This preparation is why I was... | YouTube
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TechyGuy

5 months ago  Financial Independence

I came here to add value to TRP, this tribe shares my goal. Over the last year I have learnt how to be a better digital marketer, created and sold an ecourse that got a 5 star rating. I could not have done any of this without TRP. Finally got some direction in my life. Currently upgrading my Twitter game and becoming an FBA.

If you need resources or to know the 'unwritten rules' of the digital marketing industry l will tell you. The most important thing I learnt was that red pills are everywhere. I will lurk for a while now :)

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Financial Independence

Created By Spartan

Financial Independence (FI) means not needing to work for money. The core concept is to increase your savings rate and buy assets that provide a stream of passive income.


1K Members

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Tribal Texts

How?

Spend less than you earn and invest the difference. Stock index funds, bonds and investment real estate are common paths to financial independence. Your time to retirement depends on basically one factor: your savings rate as a percentage of your take home pay.

Reading List

Required Reading:

  • Your Money or Your Life
  • The Bogleheads' Guide to Investing OR The Coffeehouse Investor

Recommended Reading:

  • Early Retirement Extreme - a difficult to read book that covers very advanced FIRE concepts.

Blogs:

  • https://www.madfientist.com/
  • http://earlyretirementextreme.com/
  • http://www.mrmoneymustache.com/
  • https://jlcollinsnh.com/

Podcasts:

  • https://www.choosefi.com/podcast-episodes/
  • https://www.madfientist.com/podcast

Calculating an approximate time until you are Financially Independent or Retired:

  • https://www.mrmoneymustache.com/2012/01/13/the-shockingly-simple-math-behind-early-retirement/
  • https://networthify.com/calculator/earlyretirement?income=60000&initialBalance=0&expenses=30000&annualPct=7&withdrawalRate=4
  • http://cfiresim.com/
  • Advertise Here

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