The worst week for stocks in 2020 just ended and oh boy what a week it was.
2/24 to 2/28, stocks fell big.
Dow Jones dropped 3583 points this week, or 12.4%
Sp500 fell 11.5%
Nasdaq fell 10.5%.
It was all because of coronavirus. It is spreading all over the world and people are panicking.
I will be buying dip next week. I hope to buy SP500 in my work roth and VTI, total stock market in my personal IRA. I cannot pass on a 10% discount.
But, stocks could drop even further. I will see how next week will turn out.
I am a millennial and I am gonna be straight up about finding dream job - I don’t care. My view is: find a high paying job, become good at it, and get paid until you reach financial independence. As you can see, you will not find words like passion, dream job in this plan. My personal opinion about dream job - I don’t need it.
Too many people get caught up in this “follow your dream”, “must have dream job” mentality. Not me. If I am gonna wake up in the morning and go to work, I will do it for the biggest paycheck I can.
I don’t care about being burned out, I don’t care about loving my job. When you are on your FIRE journey, you want to make as much money as you can and save as much as you can.
Dream jobs don’t exist, because there are too many factors that can ruin it. Even though you may love what you do, you may have a difficult coworker or manager, you make have come in too early or leave to late. It is a lot easier to accept the rules of the game and maximize your paycheck instead. Dream job is when you planning to work there forever. But if you are on FIRE journey, your time is limited. You not gonna be working there forever.
To summarize it, I would say: pick a high paying major/job/career and get rich as soon as you can and FIRE asap. Cause after you FIRE, it is not gonna matter.
Well, cant believe it is already February 2020. January just flew by so fast. My current networth is around 450K now. I have not been doing much other than work lately. That is ok. I was just thinking today that 2020 will the year i will cross over 500K and it makes me feel great. Over half a million, what a great milestone this is gonna be. Thinking about it just makes me work harder towards this goal. I should be able to hit it around summer time, but we will see. Also, my current goal is to max out my 401K roth. I am putting up to 75% of my salary towards roth now and the paycheck that i actually get is tiny (only 25% of my normal paycheeck). That makes me feel like i work for free lol!! It is a short term pain. Once i will max out my roth around march time, i will be back getting those full paychecks!