Introducing myself

[pgonzalez]

Quick stats

• Age: 32
• Family: Wife and baby (1 year old)
• Job: Yes
• Debt: Yes -
  • student loan paid off in full, just this year
  • house mortgage about 15 years left
• Passive income: Yes - stocks & bonds enough which earn me about $50 every 6 months
• Read fastlane: No
• Read unscripted : Yes - started reading on July 12th, finished today
• Joined fastlane forum: Yes - today
• Did network marketing: Yes - nest loss of a few $1000 over about a year, in my early 20s
• Start ups: Yes - attempted and failed at 2 in my early 20s

So those quick stats should give you an pretty good idea about where I fit amongst all of you here in the forum. I'm laying it all out here, because in the welcome message to this forum, there are links to a few "fastlane forum 1 year mark" posts hand-picked by @MJ DeMarco - after reading them, I thought I better "mark" my current position and details, so that when I look back to a year from now, I can gauge my progress. Here goes:

Before reading unscripted:
In summary I thought I was ahead of the game. Based on:

• Run my own business - software consulting
• Make decent money - just under 10k each month -
• Have manageable debt - student loan paid off, "only" 15 years left on my mortgages (felt awesome about myself for being in a position to take on a 20 year loan instead of a 30 year loan at the beginning)
• Have some passive income using dollar cost averaging in stocks ETFs and bonds ETFs
• Each month, the money I earn outpaces the money I need
  

After reading unscripted:
In summary: I'm far from being ahead of the game. Based on:

• That business isn't a business, it's a job in disguise. The definition of a job being that I'm trading time for money.
• My decent money now is still at the behest of my single client - lose that client, and I'm bust. Sure I have saved up enough for some runway, so it isn't a disaster, but that amount that I have is sweet-F*ck-all compared to the "F*ck you" money needed to walk out of a job.
• "Manageable" debt still means that my bank owns my house, and thus still a noose around my neck. I need to own it in the clear, and sooner than 15 years. IDGAF if everyone else who bought at the same time as me still has 25 years left.
• Yeah, my passive income of $100 ain't gonna snowball to anything I can live off anytime soon. I'll be using a walking stick by the time that that grows into something I can live off.

So what am I going to do about all this?

TBH, I have no idea right now. It's a lot to take in, as Unscripted has turned my image of how I view my own financial situation on its head. I need finish eating my humble pie, before I can get down to business. Unloading all of the above on this forum was my first step, and so far more cathartic than I thought it would be.

That's me. When I get my shit together I'll post again, with what I'm going to do.

 

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[ZF Lee]

Raodl tvevt

• Ehi: 32
• Genomz: Xogi epf cecz (1 zies umf)
• Kuc: Zit
• Ficv: Zit -
  • tvafipv muep qeof ugg op gamm, katv vjot zies
  • juati nusvhehi ecuav 15 ziest migv
• Qettowi opduni: Zit - tvudlt & cupft ipuahj xjodj iesp ni ecuav $50 iwisz 6 nupvjt
• Sief getvmepi: Pu
• Sief aptdsoqvif: Zit - tvesvif siefoph up Kamz 12vj, gopotjif vufez
• Kuopif getvmepi gusan: Zit - vufez
• Fof pivxusl neslivoph: Zit - pitv mutt ug e gix $1000 uwis ecuav e zies, op nz iesmz 20t
• Tvesv aqt: Zit - evvinqvif epf geomif ev 2 op nz iesmz 20t

Tu vjuti raodl tvevt tjuamf howi zua ep qsivvz huuf ofie ecuav xjisi O gov enuphtv emm ug zua jisi op vji gusan. O'n mezoph ov emm uav jisi, cideati op vji ximduni nittehi vu vjot gusan, vjisi esi moplt vu e gix "getvmepi gusan 1 zies nesl" qutvt jepf-qodlif cz @NK FiNesdu - egvis siefoph vjin, O vjuahjv O civvis "nesl" nz dassipv qutovoup epf fiveomt, tu vjev xjip O muul cedl vu e zies gsun pux, O dep heahi nz qsuhsitt. Jisi huit:

Cigusi siefoph aptdsoqvif:
Op tannesz O vjuahjv O xet ejief ug vji heni. Cetif up:

• Sap nz uxp catopitt - tugvxesi duptamvoph
• Neli fidipv nupiz - katv apfis 10l iedj nupvj -
• Jewi nepehiecmi ficv - tvafipv muep qeof ugg, "upmz" 15 ziest migv up nz nusvhehit (gimv exituni ecuav nztimg gus cioph op e qutovoup vu veli up e 20 zies muep optvief ug e 30 zies muep ev vji cihoppoph)
• Jewi tuni qettowi opduni atoph fummes dutv ewisehoph op tvudlt IVGt epf cupft IVGt
• Iedj nupvj, vji nupiz O iesp uavqedit vji nupiz O piif

Egvis siefoph aptdsoqvif:
Op tannesz: O'n ges gsun cioph ejief ug vji heni. Cetif up:

• Vjev catopitt otp'v e catopitt, ov't e kuc op fothaoti. Vji figopovoup ug e kuc cioph vjev O'n vsefoph voni gus nupiz.
• Nz fidipv nupiz pux ot tvomm ev vji cijitv ug nz tophmi dmoipv - muti vjev dmoipv, epf O'n catv. Tasi O jewi tewif aq ipuahj gus tuni sapxez, tu ov otp'v e fotetvis, cav vjev enuapv vjev O jewi ot txiiv-g*dl-emm dunqesif vu vji "g*dl zua" nupiz piifif vu xeml uav ug e kuc.
• "Nepehiecmi" ficv tvomm niept vjev nz cepl uxpt nz juati, epf vjat tvomm e puuti esuapf nz pidl. O piif vu uxp ov op vji dmies, epf tuupis vjep 15 ziest. OFHEG og iwiszupi imti xju cuahjv ev vji teni voni et ni tvomm jet 25 ziest migv.
• Ziej, nz qettowi opduni ug $100 eop'v huppe tpuxcemm vu epzvjoph O dep mowi ugg epzvoni tuup. O'mm ci atoph e xemloph tvodl cz vji voni vjev vjev hsuxt opvu tunivjoph O dep mowi ugg.

Tu xjev en O huoph vu fu ecuav emm vjot?

VCJ, O jewi pu ofie sohjv pux. Ov't e muv vu veli op, et Aptdsoqvif jet vaspif nz onehi ug jux O woix nz uxp gopepdoem tovaevoup up ovt jief. O piif gopotj ievoph nz jancmi qoi, cigusi O dep hiv fuxp vu catopitt. Apmuefoph emm ug vji ecuwi up vjot gusan xet nz gostv tviq, epf tu ges nusi devjesvod vjep O vjuahjv ov xuamf ci.

Vjev't ni. Xjip O hiv nz tj*v vuhivjis O'mm qutv eheop, xovj xjev O'n huoph vu fu.

Hsiev opvsu! Ximduni vu vji gusan.

Muuloph gusxesf vu tii xjev dunit piyv.