"Your portfolio isn't a spending account. It is a courage fund."
Even after working with wealthy people for decades and seeing this play out repeatedly, I didn't believe it would apply to me. I like to spend, I like nice things, I was retiring so young. And yet here I am only two years in with much more than I started, with more income than I expected, with spending trending a full 20% less than I projected.
This is absolutely correct in my eyes. I’m interested in financial independence even though I really like my current career because it gives me a parachute if (and when) things should change.
The whole point is that you never want to have your back against the wall or be coerced into acting against uour values or interests. The confidence that a large buffer brings is unmatched.
My most recent post is essentially saying the same thing... the money eventually gives you options even if it isn't to 100% never work again... the courage to leave a bad job, bad marriage, etc.
"Your portfolio isn't a spending account. It is a courage fund."
Even after working with wealthy people for decades and seeing this play out repeatedly, I didn't believe it would apply to me. I like to spend, I like nice things, I was retiring so young. And yet here I am only two years in with much more than I started, with more income than I expected, with spending trending a full 20% less than I projected.
Come on in! The water is fine...
I call this your minimum viable fuck you number. Courage fund sounds far more polite but our main theses appear to be largely identical. 😎
This is absolutely correct in my eyes. I’m interested in financial independence even though I really like my current career because it gives me a parachute if (and when) things should change.
The whole point is that you never want to have your back against the wall or be coerced into acting against uour values or interests. The confidence that a large buffer brings is unmatched.
My most recent post is essentially saying the same thing... the money eventually gives you options even if it isn't to 100% never work again... the courage to leave a bad job, bad marriage, etc.
Excellent points, this is exactly right.
This resonated with me on a very personal level. Beautifully expressed, and I completely agree with the perspective you shared…