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Investing 401k into BTC
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What’re some good ways to invest $150K.
Is Tether a ticking bomb to crypto? Tether is stable coin, a type of crypto to keep cryptocurrency valuations stable. Tether is important because of the liquidity it brings to the cryptocurrency market, 60% of BTC transactions are made through Tether. W/o getting to deep into the nitty gritty, Tether should hold 1:1 parity with the dollar. A recent audit is showing it does not and may possibly be tied to Chinese real estate. Look at below link for details. Thoughts?
Reddit article(https://www.reddit.com/r/Superstonk/comments/qr7cow/tether_the_nuclear_bomb_that_hides_the_chinese/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)
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What're you struggling with in life right now?
Anyone with insight on Tyson Mendes?
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Anyone buying the Qualcomm dip?
Do you have paycuts due to the ongoing pandemic?
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Additional Posts in FIRE Financial Independence Retire Early
Personal finance book recommendations?
A sabbatical? I know a few people who have and it did them a world of good mentally and helped them come back with the drive to work harder/smarter and a new lease of life. It helped one guy come back and save every penny and retire full time 5 years after and is now living in Thailand.
Coach
Best time of my life.
Coach
Have two good friends who already have dogs and we look after eachothers dogs when needed 😊
How was is getting another job after the time off?
Curious too!
Coach
I knew someone that took a year off to travel the US - they came back early
C4, this is me 😩
Yep. I’m running down my 2 weeks right now and my only plan is to take a break until I get bored.
Financials are in order to sustain me for a long while if I desire.
Plan to travel (outdoorsy type) , apply for the perfect role, spend time with family, relax in general, and get a 700+ GMAT score (will only go if I get nice scholarships).
I’m single and in my 20s so don’t have many expenses as it is. Could be unemployed for several years though I think I’ll get bored after 1 year.
I’m taking a few months off from work
Now or soon? Would love to do the same. What are your plans if you don't mind me asking?
If I do a full time masters program in the future (so August start), I'm considering leaving my job in late March and traveling the world for 6 months. I'm shooting to do this 2-3 yrs from now, and figure it would be the last time in my life I can do this without worrying about family or career impact.
Anyone else took a significant amount of time off before starting a masters program?
Yeah I definitely miss having winter and summer breaks, getting more than 2 weeks off is difficult once you're working. I'm trying to save up to buy a car with all cash at the moment, but figure this may be my next big expense to save up for over these coming years. I'm thinking of socking away $10-20k for this, depending how I decide to live for my time travelling (hotels vs hostels) and other travel costs.
I’m seriously considering taking a year or two off to focus on wellness, mental health (living without stress caused by work) and learning. Would also love to do some travel once things get better. The goal would to be able to generate a side income and to not have to go back to the work force in the traditional sense. I don’t mind working but am currently feeling burnt out in consulting and the culture of long hours. Appreciate all of the responses.
If it wasn't for COVID, I'd probably take 6 months off right now. I personally don't want to do longer because I think the transition back would be too tough, not just finding a job, but also mentally getting back to a 40+ hour work week. I'd rather spread out breaks. For example, look to take 6+12 months when I have kids. Maybe take another 3-6 month if i feel burnt out or get laid off in a tough economy and am forced to take the time.
3 years for me
At what point in your career did you do this?
I didn't start in consulting, so i couldn't have afforded to take time off until I was 30, or more realistically 33 if i didn't want to take a huge step back financially. But at 33 it isn't as easy to be carefree or laid back in your timelines unfortunately.
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Tried...made it 8 months and just decided I actually wanted to work...just didn’t want to do the soul-sucking job I did before! I had no idea that there were jobs out there that didn’t suck...but I do agree that being able to avoid alarm clocks and work out twice a day and read for two hours and not even worry about what else you were going to do that day was really nice...with a full time job, you just lose that flexibility...however, some jobs can create a real sense of purpose that is worth those constraints.
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As an aside...I have met many folks in the FIRE community who FIRE’d and most do go back to work at least part-time...usually with better work/life balance.