• Berttheduck@lemmy.ml
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    5 months ago

    This group gave me the incentive to start properly investing and a little bit of hope I may one day get to retire early. I’m in my early 30s so still a fair ways off, but as it’s said the best time to invest/save is 10 years ago and the next best time is today.

  • sugar_in_your_tea@sh.itjust.worksM
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    5 months ago

    I’m considering opening up a sister community on my instance to get into topics that appeal to a wider audience. I feel like the FIRE community shows up for a while, learns what they need, then moves on, so we need to funnel people here to keep discussion engaging on average. I also think the lemmy.ml instance bothers some people (especially for topics we’re interested in), so I’ll create it somewhere else but link here in the sidebar.

    Anyway, here are some ideas:

    • investing - I see a handful of them, but nothing with any real activity; I’ll focus on dispelling myths (e.g. caveats of covered call strategies) and promoting Bogleheads-style investing
    • FINE - Financial Independence, Next Endeavor - The Money Guy show uses this term and I like it; basically, instead of focusing on retirement, it would focus on FI and lifestyle
    • white collar frugality - needs a better name, but it would focus on things like buying quality used cars and travel hacking to cut vacation costs, not coupon clipping and stretching a dollar (e.g. opposite of penny wise, pound foolish)

    I’m willing to generate a posts, but I’d like to start with a small community first. I’m less interested in actually running something, and more interested in planting a seed to get others going. Basically, I’m looking for something like the old leanfire and fire communities on Reddit since they motivated me to do better.

    Anyway, let me know if any of those sound interesting, or if they already exist and I just missed them. I see an investing community on lemmy.world, but no posts for almost a year, and the others are variations of existing communities.

  • yenahmik@lemmy.worldM
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    5 months ago

    Frugal “win” of the day:

    I over stretched my hamstring last week and sitting all day hurts. I was able to scrounge a perfectly sized box to transform my normal desk into a standing desk. Now I’m just hoping I can reduce the pain enough to survive the major tournament I’m travelling for next week.