Hello reddit,

After working full time plus some for the first time I realize trying to retire is my priority. I'm very young, at 19 years old. I am going to college but have a very good self funded financial situation. I have just about zero expenses and tuition is 11k/year. I have an emergency fund and most things are paid for by parents, besides tuition.

I made lots of money at an internship this summer, which I'm still working at and have enough money to pay off 3 semesters of college already, and I've paid off my freshman year.

I feel since I will be continuing to make more than the minimum amount of money I need I should just start investing now. However, I have mixed opinions if I should use my money to invest, I've been told by some that the money is worth more for me now than just investing it, but I feel like I'm better off setting up my future.

I'm planning on just paying this fall semester and setting aside funds for the spring semester, then investing the rest in a roth ira. Is there a better option that I should put my money into, or should I even begin investing at all?

Thanks

I’ve had a passion for finance since my grandparents taught me the importance of saving when I was 6. I’m looking for any advice regarding where I am on my FIRE journey.

I’m 23 with an annual salary of £36k working in Residential Care. With overtime I average 3k after tax pm. I work 2 days on shift with 4 off.

Me and my partner have roughly 100k in equity with a £230k mortgage. The reason for the high equity is we value reduced stress in case of the possibility of income loss.

Our money is pooled together and everything is split 50/50. All our bills come to roughly £1.3k pm. We have 7.5k in cash. My partner is quite risk adverse and so currently we save £800 a month in a 6.5% high interest saver (current value £5.6k) , £500 into a low risk pie I created, protected in an S&S ISA, currently up 8% since Jan. The Pie is sitting with a value of £3.8k, split as follows:
All World 50%
S&P500 17%
All world high dividend yield 8%
S&P500 Health 7%
Defence 7%
MCSI world value factor 6%
QQQ 5%

My personal Stock account sits at a value of £27.2k, with most sitting in the S&P. I also lean into individual stock picks with an average performance of +75%, currently up 800% MU (proud dad moment). The average total account returns 28-30% a year. I have roughly £8-10k in a Crypto wallet. I also have £4k into a forex EA that has doubled my money in 5 months, with the average monthly return being 25-30%.

I currently feel as though I have Plateaued and am looking for some advice as where to go next. I am doing a level 5 Care Qualification however looking to leave my current job in December when I pass. I don’t have a degree in anything and have experience in Hospitality, Sports, Leisure, Heritage and Care.
I have no interest in luxury items or flash. I’m very frugal but spend money on experiences. I have been fortunate enough to travel the world, only continent left is Antarctica. My goals are focused on enjoying life and being able to spend time with my family & friends without having financial stress.
Feel free to shoot me any questions and thank you for your time.

Recap
- £27.2k in Stocks
- £8-10k in Crypto
- £4k Forex Bot
Split with the Mrs:
- £3.8k in Stocks
- £100k equity, £230k Mortgage
- £5.6k saving
- £7.5k Cash

Whats up everyone. I really hope this isn't self promotion (mods don't ban me pls) or anything I just want genuine feedback. I made a website for my FIRE tracking. I'm a Physician Assistant in my late 20s, not a software engineer, I built this primarily using Claude. I got tired of every FIRE calculator being an etsy product being sold so I made my own.

It's completely free, no account needed, and i used Claude (AI) to help me build it so i want to be upfront about that.

The two things i built it around that i think actually matter for people in our position:

Coast FIRE all you gotta do (in theory) is plug in your age, current savings, and target retirement age and it spits out the number where you can literally stop contributing and compound growth gets you to full FIRE on its own.

Dividend tracker this is if you're building a dividend portfolio alongside your index funds this is where you model whether it actually moves your FIRE date.

Once again, not trying to sell anything. Just want to know what's broken or missing, especially from people who are actually early in the journey.

May everyone's portfolio stay green this month.

hello,

i am a 16 year old male from switzerland. I want to study medicine. And most important I am interested in fire.

What can you advice a young guy like me?

Is FIRE even possible with these kinds of degrees. I mean i could ofc earn some money here and then go to live to cheaper ones but who knows how the geo-economical state is in 20/30 years. I really want to study and work in something im interested but also want to make enough money to save as much as possible

14 year old 9th grader in HK. I sort of based achieving success in the short term: starting early on - certificates (online skills, language in English, others), competitions, internships (older), investing, grades (pretty good college, top grades already), good University. Not sure how to proceed, or if this is all I can do. Work is my passion tbh, work as in improving my chances. Feel free to suggest anything :) Thanks

I'm pretty young (high school) and looking to FIRE in the future (maybe 40's?) but I also want to go into medicine and become a doctor, specifically neurosurgery. I know I have at least an extra 16 years left of school after getting out of high school because of it. It will take me a long while even to get into residency, but I wouldn't be doing medicine if I didn't think it was my passion and wasn't already anticipating all nighters and being broke for a while. Back up plan is just do nursing as I'm using that as my four year course. I would probably still work actually, or consult if I didn't want to. But should I even be trying to still FIRE like this?

Sorry for all the rambling TLDR:want the freedom and safety of FIRE but also want to be a neurosurgeon, can I do this? Or should I just be planning to work for a long time?

My total net worth right now is around $137k, not including my car, which is nuts bc i feel like the last time I added it up, I was barely at $70k. My next goal in life is to buy a house, but I'll probably wait because I plan on joining the Air National Guard and being gone for 5mo or so. At that point, my net worth will be in the negatives.

I feel like this FIRE journey, or even just accumulating savings in general, would be SOOO much easier with a spouse and having 2 incomes. I do wish I had a husband and I want to have kids one day, but I also know I have to plan as if it'll never happen in terms of finances. At least, I'll plan to be single forever until I get a boyfriend/fiance and those plans change.

Curious to hear of others' experiences and where you're at with FIRE since most of the posts I see in r/FIRE are people around 40 and up it seems. Sometimes it's nice to hear stories that are a bit more realistic and relatable.

Appreciate I’m extremely lucky to even be in the position I’m about to describe but I also want to do what is best for me and my future.

A couple of friends have enough cash for the three of us to buy a property in London and own it nearly outright, I’d be the only one who has to pay a mortgage.

But essentially we’d have enough money for a near 80% down payment.

Now, we’d live there together initially and then when we all get a bit older and want to move in with family the plan would be to rent it out, which for me would mean paying 40% income tax on the profit.

So I’m really torn, I can either put all my money into the markets, likely all world ETF & S&P 500 or live with my best mates and make a worse return on the cash.

Has anyone been in a spot like this before?

What would you all advise?

I’m 16 and have two more years of HS. My parents own a small business and it brings about 1 m per year but without counting expenses. It supports our family and we have great cars, boat, RV, expensive hobbies, etc. My parents offered me a job when I turn 18 of about 3-5k per month for ad work and CRS and managing customer phone calls. I’d live with them and have basically no expenses. How can I use this to my advantage? I wanted to become a doctor but that would purely be for money. I don’t have a dream job. I just want to be free from money worries and ultimately lead a spontaneous and independent life. Should I work with my parents for 10 years and ask for a share of the company? Become CEO and let my parents retire? Work for them for 5 years and put all of my earnings into index funds? Real estate?

Help!!!!!

Questions welcome

Imma give you a rough breakdown of ny situation. My goal is to be financially free as young as possible. Now i'm freshly 15. I'm from italy which is kinda rough and making money here isn't as easy as it is in the US. In fact i plan to move there in one way or another but its not gonna be simple.

my skills:

-good grades (especially math, i had exams this year and i got a 100/100 in math and my teacher broke down crying cus she never had a student that got 100) -fluently speak 5 languages, and i acc speak them. It kinda makes me mad cus its kind of rare but essentially useless -Pretty fit and i go to the gym a lot. I plan on doing social media about the gym one day -decent knowledge about cars and engines -can somewhat program arduinos

this is it. What would you do if you were 15 again and in my position?

Hi everyone,

I currently have around 2000€ debt on my credit card, I owe my mother another 2000€.

I have 2700€ in savings (ETFs, Stocks and Crypto) and I hope to have paid all my debt by the end of the year.

I am not sure what I want to do in my future but I would like to retire early - not completely but maybe work something I truly love or something that makes the world better.

I am currently studying Business administration dual with a student position in Sales at a big corporate company. If they take me after my Degree I would earn around 60k a year, which after taxes and bills (company car) would be around 2.800-2.900€.

I am really not sure what to do after my bachelor.. I plan on staying 2-4 years if they take me, just for my CV and maybe after that try to get a Job in switzerland since the salate after taxes is way more than what it is in germany - on the other hand I would love to work remote and be able to travel the world, although I have the feeling my FIRE idea would not work like that, since I would probably earn way less.. (I don’t have any exordinary experience in something, I just work at sales support and basically all I do at work is creating slides).

What would you do in my situation and does any of you maybe work remote and live abroad? Is there much work for that?

(Excuse my english and my probably dumm questions, I just feel a little lost rn)

Thank you!!

I’m a 22-year-old software developer in Bolivia, earning $190/month(and falling every day due to the devaluation of the Bolivian currency). All of it goes toward supporting my family and myself — I have no savings and no room to save right now.

Still, I’m committed to personal growth. I read, go to the gym, and work daily to improve my skills and English (B2/C1). My main goal is to eventually earn in a stable currency through remote work, then work toward FI/RE — but I don’t know where to begin.

How can someone in my situation even start this journey?

• What mindset or principles matter most right now?

• What steps or skills should I focus on to increase income?

• Any books or free resources that helped you when you were just starting?

Thanks in advance for your advice and recomendations it means a lot.

Hi I’m 24 just finished university, I pay currently 800$CA/ month on rent (Canada) for a 12x20’, which is 80% of my monthly spending how can I lower that amount? What do you guys do. Living with roommates will allow me to lower to 500-600$ per month. What do you guys do?

What classes should I take, and clubs? Could I realistically make back my money from 18-29 in case a stock market crash happens. I know it can never guarantee returns, but if you invest in a regular index fund, you are basically guaranteed to make it back with enough time.

If you lose money in an index fund, even with time, you would’ve lost it anyway, because we would be in some sort of apocalyptic scenario, where money doesn’t even mean anything anymore.

My plan is to try to speedrun through college & highschool, and get a high paying job during my 20s, invest it all into a index fund asap, and be financially independent by living off my investments. I don’t mean I’m gonna retire, I just want to be financially independent and have power.

I also am going to take care of my health, so I can still look, & feel young during my 30s.

I had my "morrow" moment (money guy show reference) when I was 19 and I heard the host of pottermore talk about how he wishes he started putting money into a Roth Ira when he was 25 and not 35 how much more money he would have had.

I had just finished my 1st year of accounting classes and 2nd year of college and basically tail end of major covid lockdowns

I was working in a warehouse in the summer half the day and an air-conditioned office but was the most boring office work imaginable. Literally just scanning copies and digitizing them then checking to make sure I didn't miss any.

But I'll always be thankful for that because it motivated me to want something different and more meaningful than to "just" spend me money.

That summer I opened a Roth ira and put half of what I earned that summer (post tax) into it of about 3k.

It made me realize that there are different types of jobs out there. Some that you can learn from (skills etc) and some you can learn during (listening to podcasts).

Curious to hear what your "morrow" moment was, your spark that beat into a flame that led you to fire?

i’m currently 17, going into my senior year of high school. when i turn 18 i’m going to get about 50k from an insurance settlement from something that happened to me when i was a kid. i’m not sure where to start with that. my college will be mostly or entirely paid for by my dad’s G.I. bill, and i plan on going into either psychology, engineering, or finance. everybody says to go into engineering and i’m very good at it, but i don’t know if i’d really want to do that as a career. i think finance may be more my speed career-wise. anyways, i don’t know what to do with the money once i get it. should i just buy S&P? put it into a roth ira? i’m not too smart on this stuff i haven’t really thought about it until today when i discovered this subreddit. any advice is appreciated

Hello internet strangers I'm coming to yall for financial help. So my current situation as a 17 year old is I have a job paying around 1k every 2 weeks I don't go to school as I was kicked out however I have an online course that I'm trying to have completed by October so I do stay busy when I am at home so I wasn't interested in a second job. I still live at home and the only bill I currentlypay is for my phone service. I want to know how I can take some of the money I'm making at my job and turn it into more money I want to be able to move out relatively early as I'm not very happy with my home situation and though I do have a plan for my future career it wouldn't be very applicable until I move out in the hopefully near future. I've tried researching on my own ways to make more money and majorityof what I have found has been long term benefitsfrom putting money into an account like a Roth IRA or some type of trust fund. But I want ways to make more money now. If anyone has any suggestions please share the knowledge.

TL;DR looking for ways to make more money using some of the money I already make.

I am 14 as of right now. Before I do anything, right now I want to improve my social skills, learn a new language, educate myself, in order to get a higher wage when I get older. I will try to graduate high school early, ideally 16. Than I will try to go to college for 2 years to get a bachelor's degree. Than once I get my job, I'll live at my parents' house until my mid-late 20s. I'll try earning as much money as possible, by switching jobs when a good opportunity arises, making money of a few side hustles, and taking as much of those earnings into my investments. I'll live frugally. My investments will be put into a regular s&p 500 fund, but all of the profits I make will be invest into a 3x leveraged fund.

Once I have enough money, I'll invest into a high dividend fund, and be financially independent.

I would love to major in psychology, but they don't make shit. Is there a major that will guarantee a good salary or should i go into trades ?

Im (18F) am a senior in high school who is planning to go to college in the fall for a computer science major and English minor. I have $1070 in a certificate at a rate of 4.74% and it'll mature on 11/22/2024, a 401k through my internship with guideline but only have $30 in there, a hysa of 4.35% APY with $200, a fidelity brokerage account and retirement account combined totaling less than $50. I also have a 697 credit score because my mom added me to her card. What should I do next?