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We all have different strengths/weaknesses that make us better suited for a certain industry/path/vocation/career/etc…. It is statistically unlikely that anyone looking to be successful will do it in the exact same manner as another guy, with few exceptions.
Growing up, we had heard things like; “live on less than you make,” “buy a house based only on one spouse’s income so if something happens to one of your incomes, you won’t lose the house,” and “you might lose an income when the first child comes along.” We took this advice to heart. While all the other residents were starting to spend money on cars and buying houses, we chose to stay in our apartment and drive the cars we had.
Recently there have been LOTS of headlines about FIRE. Good? Bad? Ugly? We invited David Bach down to the basement to ostensibly ask him about the 20th anniversary edition of his Smart Women Finish Rich book. While we cover that in detail, we also asked him about HIS thoughts on the FIRE movement….and let’s just say that he was more than happy to share.
It seems that many times, doctors and other high-income professionals try to make investing too hard. I live by the KISS rule (keep it simple stupid). Why makes things hard if you don’t have to?
That said, while I am not a fan of inspirational quotes, I am a fan of self-care. I want to make that clear before I start tearing into its seedy underbelly. Being kind to yourself, cutting yourself slack and making sure you’re in your best state of mind and body is a worthy goal and self-care when done right encompasses that.