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I just passed the 500k net worth threshold at 24 years old and I am now officially in what we call the boring middle of my financial independence journey. Now I call this the boring middle and the reason I haven't posted a video since I hit 300k is because nothing's really changed financially. Like all of my investments are auto contributed, auto invested. I know where all my money goes every month and everything's just kind of on autopilot. But 500k is a pretty clean number so I thought I'd make a video talking about what I'm thinking about now that I've passed this threshold and like what's coming up soon in the future. The main thing I've started allowing myself in the past 6 months or so is actually spending more money and not necessarily investing like 70, 80% of my income like I have been. That includes trips to India, Cabo, Japan, Banff, Canada coming up soon in just the past 6 months. Because I'm planning on retiring at some point soon and when I do that I probably want to travel at that cadence. Now by making myself travel at that cadence now, I'm realizing that the set budget that I've set myself of spending 60k a year is probably not enough for me to kind of live that life once I've retired. That means for me right now is a recalibration of what I thought my financial independence number is going to be because financial independence isn't a given number for everyone. Like 1 million dollars isn't the same as someone who spends 20 grand a year versus someone who spends 60 grand a year. And so my original calculation of like I think 2 million is going to be enough for me to retire is proving to be actually quite low and I'm probably going to need to recalibrate higher. And a disclaimer as always, I know this is a super niche and privileged financial take, but when I started making tech money, I didn't have anyone who was telling me how I should be spending or saving tech money, which is why I make these as a documentation to myself, but also to people who maybe just started working in tech and don't know what to do with all the money they're making because they grew up without those resources. So that's something you're into, you can hit that plus button or comment any questions and I can try to answer them, but again, not a financial advisor, I'll just try my best.
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