*Peeks around from corner*
Hi. Long time lurker, first time poster. A little about myself... I just turned 22 (and already miss being 21
). I am finishing an intern stint in engineering and expect to get my mech. engg. degree in under a year. After that, who knows...
I've always been somewhat less than enthusiastic about work, even though I find no faults in my field and really don't mind it that much. If my free time weren't so damn fun, I really could see myself working until 65+ like so many others in my firm.
I don't have much in assets to speak of, although through school I've managed to be pretty frugal and took advantage of cheap Canadian schooling and generous scholarships. I've maxxed my tax-free savings account valued at ~$10,000 in some diversified ETFs, and I have about $15,000 earmarked for after-school expenses rotting in a savings account. I should graduate with a net worth around 25k.
I'm the epitome of "young dreamer"... too many paths and plans to choose from, each as exciting and daunting as the other. At this point, my largest fear is analysis paralysis, so I try to keep working towards some arbitrary goal without closing my future options... the current obsession seems to lean towards FIRE.
My biggest challenge right now in dealing with FIRE is research... there is so much I don't know yet about my own spending patterns, earning expectations and market returns. Trying to calculate a year for retirement for me feels like trying to predict the DOW price 20 years from now. I hope to use these forums to piece together some of this vital information!
The biggest draw for me in pursuing FIRE is the fact that you don't have to commit to it. I mean, if you are frugal and save a ton for 10 years then suddenly decide "damn, I love my job and I think I would really like to stick around for a long time" then you can just buy something nice for you or the kids. However, if you commit to spending then suddenly realize 10 years later you hate your life, the bills have still got to be paid. The freedom of choice is much more liberating to me than the goal of RE itself, at this point.
I think I have rambled on long enough, thank you for listening... I love long
discussions, and hope to write up many more walls of text in future debates.