I just read through this thread, and yes, I noticed that it meanders somewhat through topics, but not without reason because likely we each strive for a bit of passive income in order to achieve a certain level of financial independence – while at the same time having potential ways to make more money through side hustling. In that regard, if we can become financially independent and achieve some sources of passive income, then we can work for game, hustle and fun and not because we are forced to work. If possible?
Quote: (09-07-2013 04:08 AM)Beyond Borders Wrote:
I don't think anyone here has suggested that. The people who believe in setting aside five years of their life to become "financially independent" (by the author's standards) are making a sacrifice, which for some may include cutting back on the slaying pussy, for another type of goal. They're not claiming to be crushing birds left and right while they're doing it. In fact, if you've already read his work, you know he's not a player at all.
……………………
As for SEASIA, if a man were to adopt his life approach, he could live in Thailand for less than $500 a month if he absolutely wanted to - is that ideal? No. Would he be living a different lifestyle than most Thailand expats? Absolutely. But the ERE guy would use that time to increase his income in other ways once he was there. And he would probably never aim to live off $3K per month and smash a lot of girls because he's not about that life.
BB, et al…. :
I read all four parts of the article also: “How I Became Financially Independent in 5 Years - Part 1”
The author may not be into gaming girls, but I would think on RVF, we want to consider ways to incorporate the costs of such gaming and banging girls into our lifestyles. Of course a lot of us on this forum are interested in incorporating slaying into our lives, no matter what the budget we may have; however, slaying in certain cities is going to cost much more than it will in other places. In any event, I would think that we would ONLY incorporate sacrifices into our life strategy plans that would include slaying birds rather than giving up on such practices.
Also, many of the threads on this forum discuss ways in which we create the impression of income or DHV and get the girls to bang through those kinds of tactics, and maybe we need some money to do that, but probably we do NOT need as much as money as we sometimes may think that we need in order to create impressions and even to have good times while we are doing it.
From my understanding of the cost of living and wanting to live a somewhat decent lifestyle, a passive income of $500 a month will cause quite a few sacrifices in most places on the planet; however, if we are looking in the $2,000 range and living in a low-cost location, this may be more doable than we think, yet we will also have to factor in the costs of likely expenses for travel several times a year… or even travel around the region – whether SEA or some other low cost area of the world. And, part of the reason we can budget in the costs of travel would be that the other aspects of living or travelling in low cost areas of the world allows some savings of money (possibly by not having certain 1st world expenses like a mortgage and cars).
Quote: (09-07-2013 04:08 AM)Beyond Borders Wrote:
You can still choose to use your time to make more money and spend this additional money on whatever you want, but you maintain a ratio between passive income and set expenses that keeps you, by definition, financially free no matter what happens. What you do with that freedom is up to you.
BB: I understood this as the point of the article, as well, and you frequently will describe these concepts much more eloquently than me.. but the point to live within our means to such a point that we choose the extent to which we need to or want to work and we do not have to work, if we chose not to work and still we are content with our activities and our material wealth - a sort of mind-set of being happy to live within our means – whatever that may be (of course we can increase our means, if we feel necessary, but we do not have to). How much passive income we need to achieve such ability to live within our means is definitely gonna vary from person to person.
Quote: (09-08-2013 02:38 AM)playa_with_a_passport Wrote:
It is possible to retire for life with just 4 years work. It all depends how bad you want it.
....................
4. Apply for a disability pension which usually pays 75% of your average(best 3 years) annual salary and best of all is tax free![[Image: banana.gif]](https://rooshvforum.network/images/smilies/new/banana.gif)
.
I know like 3 guys who aren't even 30 and they have tax free lifetime disability pensions from the NYPD. 2 were in police car accidents and 1 fell on some boxes in his precinct and broke his shooting hand. I believe the last guy is scaming.
You do not have to be totally crippled to get the pension, all you need is to be able to articulate that you can't perform the customary duties of your position.
FDNY Firemen are notorious for abusing these pensions. They get them and they then get jobs working on their cousins construction crews.
Playa: Many public employees have these various kinds of disability or workers compensation benefits - which are probably similar to benefits that USED TO BE present in the private sector as well - except for the past approximately 30 years, these various benefits, perks and income security has largely been disappearing in the private sector in the United States - and all that is left in the private sector is Social Security benefits, which are much more difficult to get… and you have to nearly be dead (or at least totally disabled) to get social security disability benefits.
Ultimately, we have a sad set of affairs in this country - not b/c of the abuse of these kinds of benefits, but instead b/c the public sector is probably one of the ONLY places that still have various kinds of benefits like these that should exist to protect workers throughout the economy.
But, if any of us can figure out ways to qualify for such benefits and still continue to engage in meaningful activities, such as travelling and banging women, then that should be a decent income source… except maybe for some of the hassles of continuing to have to verify eligibility – to the extent that may exist with some disabilities and some disability systems.
Also, usually before anyone is entitled to receive any of these kinds of disability benefits, they have to be vested in their employment (a couple of years, usually) and their condition has to medically fit the criteria in which they are no longer able to perform some essential functions of the position that they were in and the Employer has had to have sufficiently attempted to accommodate (without success) the medical condition.
I think that the level of the disability benefit can vary depending on the agency and depending on whether it was an injury on the job or off of the job. There is usually some amount (maybe the first $15,000) that is tax exempt; however, I think that many of these kinds of incomes will be taxable - maybe the taxable aspect is different if the payment is workers comp.. meaning a job-related injury rather than some injury or disease that came outside of the job?
Quote: (09-08-2013 07:59 AM)pitt Wrote:
I don't want to minimise my costs on social events that would enrich my life. I don't want to be budgeting for every single thing. I just bought a bunch of new clothes and guess what? I am fucking a whole bunch of new quality chicks and I am attracting a different group of girls. Would that be possible if i was budgeting on buying clothes? Hell no. Are these girls stupid because they want somebody that dresses good? Should we look for girls who likes us for who we are? Who are we? A guy that dresses average?
I don't think i need rich type of money to be living the lifestyle i want to live but I don't want to be living like the average guy and for that I need some money.
Pitt: It seems that I agree with everything that you said in your post; however, I believe that a guy can still budget and do the things that you describe in your post. You can still buy nice clothes and likely, you could live above and beyond the life of the average guy. However, probably, there may be times in which deferred gratification would have to take place in order to attempt to achieve financial independence, especially, if a person does not come from money (or somehow achieve it by luck) but wants to make himself financially independently without killing himself or his health in the process. In this regard, there may be life choices, and some people do not mind working their asses off for 16 hours a day 7 days a week, and believe me I have done that, too. Currently, I am developing less passion for getting myself into those kinds of work-a-holic modes because I am certainly capable of such work-a-holic modes…. But the point is that I would rather have these bouts of work-a-holic to be of my own making, rather than the fact that my boss is telling me or that I am living too much beyond my means to be able to fund all of my “fun.”
![[Image: biggrin.gif]](https://rooshvforum.network/images/smilies/biggrin.gif)
