#Lifestyle #Finance #FOMO #ETFs #SimpleLiving
Hey there! π So, I’m curious – any of you out there living the simple life, happy with your finances, but occasionally battling with FOMO? I’m a 29-year-old guy, single, lucky to have cheap rent and a laid-back lifestyle. I work, hit the gym on weekends, travel here and there, and don’t splurge on fancy outings. Plus, I’m really into buying ETFs – maybe a little too much π€·ββοΈ
But here’s the thing – sometimes when I see people flaunting their lavish homes, designer clothes, and flashy cars on social media, I can’t help but feel a twinge of FOMO. Am I missing out on something by not indulging in those luxuries? Or am I doing it right by focusing on saving and investing wisely?
Possible solutions to cope with FOMO and stay on track with your simple lifestyle:
– Remind yourself of your financial goals and how your current choices align with them.
– Practice gratitude for what you have and the experiences you enjoy.
– Limit exposure to social media to reduce comparison and envy.
– Treat yourself occasionally to something that brings you joy without breaking the bank.
Remember, it’s all about finding a balance that works for you and brings fulfillment in the long run! π Let me know your thoughts and if you have any other tips to share. Let’s support each other in this journey towards financial peace and contentment. πΏπ°
Comparison is the thief of joy
Time and freedom are my true assets.
I don’t need fancy houses, cars, or clothing – those are just liabilities.
**My goal is to have more time to enjoy life’s simple pleasures**: playing video games, watching quality TV shows, reading books, listening to podcasts, and staying active with sports.
These pursuits bring me genuine happiness and fulfilment.
I am fair bit older than you and I have a very simple lifestyle, it has allowed me to retire early so now I live like I did when I was 16 while most people my age are still stuck in the rat race..
I would have liked to have kids by now but I do not regret my life choices for one second.
Just remember that you arent truly free until you own your own home outright because until then you are a slave to the bank or a slave to your landlord and either of those can wreak havok with your finances at any time by forcing up interest rates or rent.
>I don’t want to say that I’m living frugally because I do spend money for overseas travelling which I love and eating out every 3 months in fancy restaurants.Β
Living simply most of the time so that you can afford to splash out every now and then fit’s my definition of frugal.
FIRE = Freedom!
Thatβll all change if/when you get a partner
Do you have a partner and want kids
I have yet to see someone between the ages of 29 and 31 who doesn’t feel like they’re behind in some way. It’s a curse of the age group! It will go away π
Around 32 and upwards everyone settles into both the advantages and disadvantages of their choices – and every road has both. Home ownership or renting. Married or single. Kids or no kids. Career or adventuring. Investing or saving. Spending more or less. All of those things come with up and downsides, there’s no “better”, and nobody can have all of them.
Run your own race. Donβt worry about what other people are doing. Just because they might have a nice car doesnβt mean they are doing well financially.
Be smart with your money and enjoy life.
Get off social media if you can. I have noticed it has made me a lot more materialistic and unsatisfied with my fairly simple lifestyle.Β
Also remember that people only post their highlight reels. They might post their new car but not share the stress they have in making the repayments.
You sound like you are living the AusFinance cliched way of life.
Don’t worry, mate. Many people are like you and there are many who aren’t. Pick your way. I know I am spending money like it’s going out of fashion. Well trying to as options are very very limited in the land down under.
You’re fine.Β
You have no idea those people posting photos of their house interiors etc. isn’t paying all of that on credit and are living paycheck to paycheck.Β
If your way of living gives you joy, then it’s fine.Β
There will always be someone doing better than you. Just do what you want. But always have a compound calculator on hand and see whether it’s money you’re willing to give up in 30 years time to delay fire by x period. Everyone will have a different answer to this.
> Weird to say but am I doing it right? π
You are the only person that can answer this.
Different people want different lifestyles.
Just calculate your net worth and future based on etf, I bet you would be ahead of these people with home as they are paying a lot to keep up. Technically you are ahead
Some of our friends definitely spend money on nice things more often than we do. I don’t actually want to do that, but I do really envy the level of relaxation they seem to have with their finances. We max out our superannuations and pay twice the required payment on the mortgage, and I’m still not as relaxed as our less financially strict friends are. I just know though that I’ll always be stressed about owing money, until my mortgage is paid and I have enough money set aside that we can easily survive on a single income. So the stress I’m going through now having to carefully track and ensure I’m investing in that future will mean I can be free from stress sooner.