Does anyone follow the "Financial Independence" Reddit subforum? I have been for awhile, but get more and more convinced the average age there has to be in the low 20's and probably 99% nowhere near FIRE.
The guy below says he's RE'd at age 32 with a $750K portfolio of which $500K is in real estate equity. And others are congratulating him. The rest is in cash and bitcoins (!?), although he also says most of that cash will be used to buy solar panels (?!).
Somehow, he confidently replies in follow-up posts, he knows this will support him for the rest of his life...
Here's the post: https://www.reddit.com/r/financialindependence/comments/4qvklw/fireed_just_before_32_with_750k/
I get being young and naive (I had similar views of money when I was in my early 20's), but the fact that so many are giving him positive feedback I think actually shows the real value of this more niche site over a mass-consumer forum like reddit.
The guy below says he's RE'd at age 32 with a $750K portfolio of which $500K is in real estate equity. And others are congratulating him. The rest is in cash and bitcoins (!?), although he also says most of that cash will be used to buy solar panels (?!).
Somehow, he confidently replies in follow-up posts, he knows this will support him for the rest of his life...
Here's the post: https://www.reddit.com/r/financialindependence/comments/4qvklw/fireed_just_before_32_with_750k/
I get being young and naive (I had similar views of money when I was in my early 20's), but the fact that so many are giving him positive feedback I think actually shows the real value of this more niche site over a mass-consumer forum like reddit.