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Reader Case: Golden Handcuffs

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The Wanderer retired from his engineering job at a major Silicon Valley semiconductor company at the age of 33. He now travels the world, seeking out knowledge from other wealthy people, so that he can teach people how to become Financially Independent themselves.
Wanderer
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Latest posts by Wanderer (see all)

  It’s been a while since we’ve done one of these, and now that we’re in ANOTHER lockdown, it’s as good a time as any to open up another reader case.  Ready? Here we go: Hello Firecracker and Wanderer, Long time reader, first time writer. I need a sanity check about whether or not to leave my job.  I know this is a no-brainer for you but hear me out.  I am a U.S. special category federal employee, which means I get benefits that, from what I have heard/read, no longer exist.  My employment category receives an even better pension than most other […]

Are Most Degrees Useless?

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FIRECracker is a world-travelling early retiree. She used to live in one of the most expensive cities in Canada, but instead of drowning in debt, she rejected home ownership. What resulted was a 7-figure portfolio, which has allowed her and her husband to retire at 31 and travel the world. Their story has been featured on CBC, the Huffington Post, CNBC, BNN, Business Insider, and Yahoo Finance. To date, it is the most shared story in CBC history and their viral video on CBC's On the Money has garnered 4.5 Million views.
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Like most people, I thought most millionaires are CEOs or top corporate executives. Go big or go home, right? But then I read this article in the Wall Street Journal and found out I was wrong. Apparently, only a measly 6-7% of the world’s millionaires are CEOs or executives. Ok, I thought, so what degree is the most likely to get you into the millionaire club? Probably med school, right? Or maybe law? Or a business degree? Nope, nope, and Nope. Turns out, the most common degree amongst millionaires is… Engineering! Followed by…NO DEGREE AT ALL! *cue record scratch* Wait, […]

Should Student Debt Be Forgiven?

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The Wanderer retired from his engineering job at a major Silicon Valley semiconductor company at the age of 33. He now travels the world, seeking out knowledge from other wealthy people, so that he can teach people how to become Financially Independent themselves.
Wanderer
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Latest posts by Wanderer (see all)

The last time I wrote about US politics right after the election, the comments section (and our inbox) immediately filled with rage-spewing MAGA people. Biden didn’t win! The media is corrupt! Something something George Soros! Well, sorry MAGA people. Biden did win. So let’s take a look at some of his crazy left-wing nutjob policies that will inevitably slide the US into a bankrupt socialist failed state. Specifically, his proposal to cancel part of everyone’s student debt. While right now, Joe Biden is focusing mostly on vaccinations and COVID-related stimulus, part of his agenda is to tackle the student loan […]

Reader Case: No Degree. No Problem.

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FIRECracker is a world-travelling early retiree. She used to live in one of the most expensive cities in Canada, but instead of drowning in debt, she rejected home ownership. What resulted was a 7-figure portfolio, which has allowed her and her husband to retire at 31 and travel the world. Their story has been featured on CBC, the Huffington Post, CNBC, BNN, Business Insider, and Yahoo Finance. To date, it is the most shared story in CBC history and their viral video on CBC's On the Money has garnered 4.5 Million views.
FIRECracker
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Going through the reader cases in our inbox today, this one immediately caught my eye. Specifically, because of this sentence: “it may expand some reader’s horizons and remove the stigma towards tradespeople”. As someone who grew up being taught under no circumstances should I ever consider getting a certificate in the trades (apparently, I might as well be a prostitute) or blue-collar work (given that my Dad once worked in a factory, I find that a tad hypocritical, but you don’t question a man who’s survived a famine and 10 years in a labour camp), this reader’s story blew my […]

Reader Case: Dentist in Debt

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The Wanderer retired from his engineering job at a major Silicon Valley semiconductor company at the age of 33. He now travels the world, seeking out knowledge from other wealthy people, so that he can teach people how to become Financially Independent themselves.
Wanderer
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Latest posts by Wanderer (see all)

Gross/net annual income – ~$125000 USD. I recently got a job in the public sector, but am hoping to get a part time job in the private sector to supplement my income. Monthly spending Rent – 1225 (just moved to a cheaper place. I live in PDX.) Disability Insurance – 216 Cellphone service – 36 Internet – 38 Electric – 70 Hulu – 1.99 Renter’s Insurance – 11 Car Insurance – 66 Malpractice – 82 Gas – $90 For “fun” spending, I try to keep it between $1200-1400 per month (I’m working on curbing that more…mostly reducing clothes shopping) Debt Dental […]

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