Engineering Financial Independence
@EngineeringFI_
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Sharing my thoughts on health, wealth, and happiness. Dad. Husband. Fitness. Golf. Focused on maximizing life's most scarce resource: time.
Joined January 2022
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About me:
-35 yo male
-Married with 2 under 3
-HHI: $420k
-Investment portfolio: ~$650k
-Years investing: 4.5
-Net worth: ~$850k
-Savings Rate: ~30% of gross
-Spending: ~$200k/yr
Plan
-Maximize income
-Invest aggressively
-Enjoy life along the way
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I know someone who passed on a Meta offer in Jan 2023 that included $300k in RSUs.
The # of RSUs granted would have been based off a share price of $135, so they would have received 2,222 shares.
The value of those shares today at $475?
$1,055,450.
That someone was my wife.
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@anymanfitness
@SouthwestAir
Don’t be silly, Jason.
This policy only applies to those with body size issues that are fully controllable.
As yours is an issue that is completely out of your control, you get no sympathy whatsoever.
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@CollinRugg
This is why I love X
@elonmusk
Realtime video and news.
No time for the media to spin the story.
Now that you’ve gotten the free speech thing down, can you figure out how to let us schedule long form posts?
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@RevJacquiLewis
Couldn’t get over how every time he wasn’t singing he was just staring at her like a little kid meeting one of his heros.
Like he couldn’t believe he was there singing with her.
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@FitFounder
Stretching is not a waste of time.
After years of neglecting flexibility and ending up essentially in pain constantly, I decided to try stretching.
I've stretched at least an hour a day (sometimes 2+ hours) for the past 37 days, and I feel better than I have in over 10 years.
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Well, I just realized I made a big mistake.
A mistake that has cost us ~$9,000 over the past 3 weeks.
I had heard Vanguard wasn't allowing BTC ETFs, but I didn't read much more into it.
I just thought they weren't allowing any of the new ones or new purchases.
But that's not
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JUST.
KEEP.
BUYING.
In 2023, we invested $110,000, and our portfolio decreased by $15,000.
In 2024, we invested $120,000, and our portfolio increased by $220,000.
What did we do differently?
Nothing.
Absolutely nothing.
And that’s why we made so much money this year.
We
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@Harvard
This is not a study; this is false reporting of selected data using the Harvard name to validate their findings.
For those who don't know how these studies work:
They have people fill out food questionnaires every couple of years.
In this case, it was every 2-4 years for 36
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No, UPS drivers are not going to make $170k/year.
The $170k is salary PLUS benefits.
Here is the truth:
Currently, drivers make on average $95k in salary and $50k in additional benefits such and health insurance and pension contributions.
With the new contract, drivers will
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@constans
That’s not how it usually works.
Pension is almost never based solely on final year salary.
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I've never seen anyone claim that a mortgage doesn't count as a part of your debt.
So why do people claim that home equity doesn't count as a part of your net worth?
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@sweatystartup
That’s a pretty big generalization.
There’s a massive difference between doing XC as a kid and running 100mpw for decades.
HS XC races are no more than 5k, hardly long distance.
I agree that endurance type activities done for decades (with little to no strength training) lead
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We currently have 10% ($65,000) of our portfolio in crypto.
$45k BTC
$10k ETH
$10k Altcoins
Too much or too little?
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@sweatystartup
Oh, Nick.
You clearly don’t know how good it feels to be DEBT FREE.
Why would you EVER want to keep a mortgage with a rate that is less than inflation?
You should just throw all rational thought and mathematical reasoning aside, and pay it off early.
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Do any of you honestly think you can reliably beat the market?
Like over the next 30 years, do you really think you can outperform an index like the S&P 500?
If so, please explain yourself.
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Unpopular FinTwit opinion:
You will likely live an overall much happier life if you just work an extra 2-5 years versus cutting costs and living frugally in order to reach "FIRE."
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@LouStagner
@practicalgolf
A true scratch has a handicap of very close to 0.0 and doesn’t talk about it much.
A “scratch golfer” is what a 2-4 cap calls themselves when someone asks them what their name is.
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@DecadeInvestor
That’s total comp, meaning benefits like health insurance and pension contributions are included in the $170k number.
Their salary will be $100-115k.
Still good, but many people are reading this to mean their salaries will be $170k.
Big difference.
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She posted the other day that $400k will turn into $1.6M in 15 years.
I commented that 10% real is overly optimistic and that 6.5-8.5% is much more likely.
My comment had by far the most likes on her post so what did she do?
She hid my comment and blocked me.
Be careful who
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@anothercohen
No one is complaining about anything.
This is a fictional budget created by Sam to show just how easy it is to blow through $500k as a family living in VHCOL places like the Bay area.
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Hiring house cleaners is one of the best ways to buy back some of your time.
I highly recommend it.
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An easy way to tell that a FinTwit account probably doesn't know all that much about personal finance?
They are in their 20s and are obsessed with dividends.
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If you are:
-single
-under the age of 30
-live with your parents
you really shouldn’t be critiquing others financial decisions on the Internet.
Especially when their reality (kids, marriage, etc) consists of things that you have no experience with and can’t possibly understand.
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NOT investing in the stock market is far riskier than investing in the stock market.
Do you agree?
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Guess what?
Some people enjoy their 9-5 jobs.
And that gives them a significant wealth-building advantage over those who don't.
A high-paying 9-5 is the surest path to wealth for the majority of people.
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Why does everyone want to "get off the grid" so badly?
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Well, the Bitcoin maximalists came out in full force on my post yesterday about my crypto allocation.
It seems that I should have 100% of my portfolio in BTC.
On that note, I have a question:
Do you think the average net worth of a Bitcoin maximalist is over or under $50k?
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How's everyone that went to cash to get 5% "risk-free" doing?
Guess what?
It wasn't risk-free.
It cost you about 19%.
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I’ll never understand those that say they’d be bored if they retired.
Do people really not have any hobbies?
Or any desire to learn or try new things?
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Once you're investing 30% of your gross income, you should start prioritizing spending over saving.
Inflate your lifestyle.
Splurge on a few things you've always wanted.
Life is about more than having the most money in old age.
Don't forget to enjoy the journey.
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So you hate your job.
I'm sorry, but the answer isn’t to live as frugally as possible for 20+ years and then “retire” with enough money to live just above the poverty line.
The answer is to get a new job.
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12 years ago today, I woke up with a hangover for the last time.
Quitting drinking is the only New Year’s resolution I’ve ever made.
It has been, and always will be, the best decision of my life.
Every good thing that has happened to me
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@Cernovich
Couldn’t agree more.
Virtually everyone would rather have $200k at age 25-35 than $600k+ at age 60-65.
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Is there anything better than your two-year-old sprinting at you for a hug?
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I'm convinced the only reason people pay off a sub-3% mortgage early is so they can tell everyone that they have a paid-off house.
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Portfolio Balance by Year:
2018: $15,000
2019: $78,000
2020: $203,000
2021: $390,000
2022: $376,000
2023: $600,000
We contributed $111,000 in 2022 and saw our portfolio DECREASE by $14,000.
But we didn’t panic.
Here's why:
We
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@darrelltalksfi
I think the lesson is most people have no clue how to manage their money 😂.
When used correctly, money is the greatest problem solver in the world.
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@mountainwesttax
This is good.
I’ve never seen them give any profit numbers, it’s always revenue.
And they constantly tweet about how they are financially independent, yet they are very clearly dependent on their rental income.
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I haven’t checked my net worth or investment portfolio in at least a month.
Life is better this way.
How often do you check yours?
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About me:
-35 yo male
-Married with 2 under 2
-Household Income: $420K
-Investment Portfolio: ~$500K
-Years Investing: ~4
-Net Worth: ~$650K
-Savings Rate: ~30% of gross
-Spending: ~$200K/year
Plan:
-Maximize income
-Invest aggressively
-FI by 2030
-Enjoy life along the way
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@FluentInFinance
What is it being adjusted against?
Meaning in what cities is $100,000 worth $100,000?
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If you have kids, you need term life insurance.
WIfe: $4M for $85/mo
Me: $3.1M for $207/mo
$392/mo for the peace of mind that if one of us dies, the other will be set for life.
And if both of us die, our kids will be set for life.
How much term life do you have?
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Overheard at work:
"Yeah, I just hope I can get 10 good years."
How depressing is that?
This guy just turned 40, and at the rate he's going, he has at least 20 more years of working.
Imagine working for 40-50 years, all for the hope of "10 good years?"
Sad.
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"Peace of mind" is not a valid reason to pay off a sub-3 % mortgage early.
It's an excuse to rationalize your inability to make the correct financial decision.
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@elonmusk
You are going to need to develop one hell of an algorithm if that’s your goal with X.
Most people don’t want the truth.
They just want to read and consume information that validates their beliefs.
And in most cases, they will outright reject, without even a moment of
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@OutdoorFinance
That’s why work from home jobs are so valuable, and can be worth taking one with less pay.
It’s all about how you value your time vs how much you need to make to live the life you want.
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@LouStagner
Ok, he is excused.
I'd also quickly forget about the "history of the game" for over half a billion.
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@BowTiedChadCEO
After they slam their Chick-fil-A, they roll around the grocery store in scooters like they are in some grotesque version of Mario Kart, where whoever stacks the most Doritos, soda, and TV dinners in their basket wins the game.
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@NUCLRGOLF
Please, Jonny boy, stop with the virtue signaling.
Your duty?
You have no obligation, as a father and husband, to provide your family $500M.
You had already provided them more than they would ever need.
You wanted the money, it’s as simple as that.
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Guy Talks Finance might have some competition for most clueless FinTwit influencer:
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@FitFounder
Most people have no clue just how impressive some of those things they are doing are.
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My wife got laid off in October 2022.
For most dual-income households, since she makes far more than I do, this job loss would have been a major source of stress and concern.
But it wasn’t for us because we were prepared for it.
Here’s why it wasn’t a big deal:
- We had over
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The wife just left on her first work trip since giving birth.
I’m now solely responsible for a 2 year old and a 4 month old.
“Alexa, how do you change a diaper?”
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@AdultingIsEasy
I’m sick of all these no context posts about a $100k salary.
It depends on what you mean by “new.”
Compared to 1990, $240k is the “new” $100k.
Compared to 2000, $180k is the “new” $100k.
Compared to 2010, $140k is the “new” $100k.
And a $100k salary in Ohio or Alabama is
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I don’t think most people want “FIRE.”
I think most just want the FI part.
I know I do.
Being financially independent doesn't mean you have to retire forever.
In fact, you probably shouldn’t.
I know I won’t.
Yes, you should quit your job if you’re sick of it and get no
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@Carnage4Life
*Life is full of people who won the genetic/country/family lottery who then tell stories of how all you need is talent and effort to be successful.
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@Fit_For_Golf
This guy needs to start a YouTube channel where he shows up to country clubs dressed like that and just rolls everyone.
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@2kaykim
Of course it’s possible, it’s the stock market.
The only certainty is that in 10+ years, the market will be higher than is it today.
And if you’re investing for the long term, that’s all that matters.
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Why does everyone on here seem to think that everyone else is doing so badly financially?
What evidence do you have that this is actually true?
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@DaveEDanna
It's incredible how much the human body can compensate for.
And how long it can do so.
400+ pounds and your body managed to keep you from being diabetic or having a cardiovascular event.
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After 18 years of living in denial, I am finally ready to admit a disappointing truth.
I’m not 6 feet tall.
I’m 5’11” and 7/8ths.😔
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We don’t have a dedicated emergency fund.
Meaning we don’t have 3-6+ months of expenses just sitting in a HYSA account or similar.
Here’s why:
-My job is essentially recession-proof, and it’s virtually impossible to get laid off or fired from.
-My income, ~$120k/yr, can cover
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If your idea of a dream vacation is doing as little physical activity as possible while eating and drinking as much as possible, I truly feel sorry for you.
That’s not living.
That’s not relaxing.
And no matter what you tell yourself, that’s not fun.
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4 years ago, our net worth was $50k.
Today, it's $700k.
How did we do it?
By increasing our income and living FAR below our means.
Most importantly, we've enjoyed the journey.
Contrary to popular belief, it's possible to both enjoy the present AND invest for the future.
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If you know someone trying to decide what to major in, I highly recommend engineering.
A high-paying tech job is a cheat code to early financial independence.
If you can land one of these out of college and save 30% from the start, you'll be FI by 40, probably sooner.
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@LouStagner
We get it, Lou.
You’re upset about the rollback.
Now can you please go back to posting awesome/crazy/mind-blowing stats?
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@WeddingVenueGuy
Huh?
What are you buying?
If this is the case, Costco isn't the problem; it's you.
We use 95%+ of everything we buy at Costco.
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@ramit
The biggest thing that happened to us once we crossed $150k was that our saving/investing skyrocketed.
We have intentionally increased our expenses relating to things we enjoy, like golfing, traveling, and health and fitness.
I'm a big believer in your philosophy of spending
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My wife contributes $66,000 to her 401k every year.
Huh?
Isn’t the limit $22,500?
Yes, the tax-deferred limit is, but the full employer + employee limit for 2023 is $66,000.
It’s called the Mega Backdoor Roth, and here’s how to do it:
Once
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To become wealthy, you DON'T need to:
-Drive a beater.
-Skip buying coffee.
-Act broke.
-Avoid all debt.
-Indefinitely delay gratification
You can enjoy life and spend money on things you enjoy, all while investing adequately for your future.
I'm doing it.
You can, too.
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A few months ago, I paid a little over $3k to get my car fixed.
To some, that may seem like a huge expense.
To others, it may seem like nothing.
But a few weeks after I paid, I realized something crazy.
Something that I didn't appreciate enough at the time.
When I paid, I
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Credit cards are not a debt trap.
The problem is you, not the cards.
Sure, if you know that they cause you to overspend, not using them for a bit can be a good first step.
But you should not avoid CCs for the rest of your life.
The benefits of using them are too valuable.
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So you hate the rich?
You do realize that most of them worked hard, learned valuable skills, created value for others, and intentionally built their dream life, right?
For most, it wasn’t an accident; they didn’t get overly lucky, and they weren’t given handout after handout.
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Why do people complain so much about things that they have full control over?
No one is forcing you to eat shit food.
No one is forcing you to be out of shape and overweight.
No one is forcing you to tip.
No one is forcing you to spend all of the money you earn.
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A 10% return on a $750,000 investment portfolio is $75,000.
The median US Household income in 2022 was $74,560.
One requires ZERO work.
The other requires a lot of work.
Investing is powerful.
If you haven't started, start today!
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If you want to become truly wealthy, you need to buy assets.
Assets that work while you sleep.
And buying assets requires money.
The more the better.
So spend your 20s and 30s making as much money as possible so you can spend the rest of your life living off of your assets.
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@LouStagner
I’d say 10-20%.
I think the biggest misconception is that your index is not what you should expect to shoot each time.
Most think that if your index is, say, 10.0, you should shoot 82.
But you are only expected to shoot your handicap or better 20% of the time.
The other 80%
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@darrelltalksfi
I don’t think I’ve ever met anyone who wishes they worked longer.
One more year syndrome is very common and pretty soon that turns into 5-10+ more years before someone actually pulls the trigger and retires.
It seems to be mostly out of fear of boredom, lack of purpose, or of
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The S&P500 is at levels not seen in 3 months!
That's worthy of panic, right?
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Our investment portfolio has increased from $50k to $650k over the past 4 years.
The secret?
Increasing our income.
~$450k of that increase is contributions.
Compound interest is certainly powerful, but it takes a while for that power to really start working.
If your goal is
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I STRONGLY recommend that you don’t use anything higher than 8% real when calculating future returns.
If you do, you will very likely end up with far less money than you planned on.
Here are the numbers I use, and why:
I use 3 different rates: pessimistic, conservative, and
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Spending your money on things you truly love is not wasteful spending, no matter how many times those guys with paid-off '03 Corollas tell you it is.
Here is what I mean:
We do these things:
-Rarely eat out
-Never use food delivery services
-Pay cash for cars and drive them for
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Many times, taking a risk is less risky than never taking any risks.
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@MikeBotkin_
We just did the same thing with very similar results.
Day 5 today, I was just eating breakfast and hadn’t seen my toddler in about 10 mins.
Then I hear “DADA, I POOP!”
I go over and he’s standing there with his pants down and staring at a massive log he just left in his
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There is nothing I respect more than someone taking responsibility for their problems and taking steps to fix those problems.
Admitting fault/responsibility, especially in a public way, is one of the hardest things to do in life.
It is also necessary in order to grow as a
I tried dieting countless times over the 9 years it took to gain 200lbs+
They all failed
I said "I'd do anything"
I didn't mean it
I never woke up at 4am before this time.
I never joined a gym before this time.
I never posted accountability before this time.
I never worked
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Have you ever seen a fit, jacked, healthy dude over the age of 50 who is wasn’t successful?
Me either.
Prioritize your health and fitness and many other things will fall into place.
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@sweatystartup
How are we defining "healthy?"
To be elite at anything, you will be doing things that aren't necessarily healthy.
Yes, some kids will take it to an extreme in order to be competitive, but 90%+ of HS kids will simply have fun participating and being reasonably competitive.
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@StockMarketNerd
@_ali_taylor
Why post an accurate comparison when she can get a bunch of likes and views by just posting a picture she saw somewhere else that is misinformed and deceptive?
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People don't change because change usually requires admitting you were wrong.
And if there's one thing most people hate, it's admitting they were wrong.
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Paying off a sub 3% mortgage early is not a flex.
It's a poor financial decision.
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