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  1. #1
    Registered User KingofLifts's Avatar
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    Question Brahs that have escaped the 9-5, How?

    Currently 24, and have a Mechanical Engineering degree. Worked until this covid recession hit, and lost my job. I want to get to a point where I can live/work remotely anywhere from the world to support myself. I just want to have enough income to be free. I'm not looking at a specific income goal or anything like that. What are some skills, knowledge I can start gaining now, so that I can set myself up for the future?

    I've read a bit about dropshipping, forex, and investing. I just don't know what path would lead me to my goal.

    Repping for resources! Thanks
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  2. #2
    Registered User TugOfPeace's Avatar
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    I haven't escaped it but if I could go back in time, I would keep my cost of living as low as possible, max out my 401k, and put all my savings in a low expense index fund.

    You need at least 2 million to retire comfortably if you intend to live off the interest, IMO.
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  3. #3
    Registered User KingofLifts's Avatar
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    Originally Posted by TugOfPeace View Post
    I haven't escaped it but if I could go back in time, I would keep my cost of living as low as possible, max out my 401k, and put all my savings in a low expense index fund.

    You need at least 2 million to retire comfortably if you intend to live off the interest, IMO.
    Been doing all that actually. Currently living with parents. Maxed out my contribution when I was working, and they matched me at 5%... It's not that I don't mind working. I just don't want to be beholden to them for years on end. I want to be free in my 30s.
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  4. #4
    Registered User BHall1991's Avatar
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    I escaped. I now work 8-10 hours a day 7 days a week.
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  5. #5
    Registered User KingofLifts's Avatar
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    Originally Posted by BHall1991 View Post
    I escaped. I now work 8-10 hours a day 7 days a week.
    happy for you
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  6. #6
    Registered User tunafish01's Avatar
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    Feels, currently work 9-5 but want to escape asap..

    I have my RE license so can always fall back on that, plus I coach a youth sport here for $$$.

    I am 29 now, have 160k in investments, a house in which I live in and rent the rooms out.

    Goal is to by 35, have 400k in invetments, 3 houses. If I achieve that I will leave the 9-5 and pursue RE and coach my sport.
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  7. #7
    Degenerates be gone, amen MattBro95's Avatar
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    Do you have storage space?

    Might not be good at the moment for some stuff, but pre covid, buying and renting equpiment was a decent way to do it.

    Legit, those fuk off marquees you can rent out for like £300+ if you are willing to put them up too.

    Quite expensive to buy at first though.
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  8. #8
    Degenerates be gone, amen MattBro95's Avatar
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    Originally Posted by BHall1991 View Post
    I escaped. I now work 8-10 hours a day 7 days a week.

    Yikes. If you enjoy what you are doing, that won't feel like 10 hours though.
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  9. #9
    Registered User FFailed's Avatar
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    Went full send on options with my IRA
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  10. #10
    Registered User SwimProWILM's Avatar
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    If your wanting freedom then you need to look at owning a business, not working for yourself. When you go into it think outsourcing so that you will be able to step away. I read a book called the 4 hour workweek that goes into this. Also the 5 day weekend is another good book that discusses leaving a 9-5. I haven't got there yet but my goal is by this time next year to be running my own business.
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