Showing posts with label financial independence. Show all posts
Showing posts with label financial independence. Show all posts

29 December 2021

The Problem with Traditional Conservative Women

I don't think there is anything "wrong" with traditional gender roles because I believe in cultural relativism, so what is right or wrong depends on who you ask.

That being said, I wouldn't recommend the traditional route for any woman. Basically my mother was traditional. She stayed at home and looked after me, was a housewife etc. Then my parents got divorced and my mother was left with very little. She had no skills or career. You could argue that what my dad did was horrible, but remember I am a cultural relativist, so right or wrong doesn't matter. The fact remains that being traditional made my mother financially dependent and vulnerable. Putting yourself in a position where you are dependent on others and at their mercy is just plain silly. It's like giving someone a dagger and locking yourself in a room with them.

My mother is doing fine now with some help from me, but she would be much better off if she had not been traditional and instead focused on her career and aimed to be independent.

Furthermore, I would never want to be with a traditional woman because I think it's quite lazy to want to be at home doing domestic duties. I'd prefer it if the woman contributes financially to the household.

07 November 2020

How Being Green can Help you Build Wealth

Being environmentally friendly can help you build wealth. For example, if you live in a smaller property, there is less energy that goes into building the home. Also, the less land you take up with your property, the more land is available for e.g. trees and forests. Living in a smaller property also saves you money on accommodation costs. 

If you drive less or drive a more fuel efficient car (or ride a bike or walk), you save more money and help the environment at the same time. 

If you eat less meat and replace it with e.g. beans then you also help the environment and also save more money. 

If you get solar power, you reduce your electricity bills and also help the environment.

Furthermore, many "green" investments e.g. ESG ETFs seem to be outperforming the broader indexes now. On the Australian Securities Exchange, ETHI and VESG are outperforming IWLD, and FAIR is outperforming A200.

So basically in many areas of life, being green meaing you make more money. Another benefit of being green is the psychological aspect e.g. being green can be a powerful motivator for saving money. Being green shifts your mindset, making frugality something you do not as an act of deprivation but something that you do out of purpose, which means you're more likely to stick with it.

12 January 2020

Living with Parents to Save Money and Accelerate Financial Independence

I was watching the video below from the Techlead where he explains why he is moving back in with his parents. Most people think that poor losers live with their parents, but this guy is a millionaire, and he seems to be providing very logical reason why you should live with your parents. 


This video reminds me of me. I personally live in my mother basement even though I am in my thirties and earn a six figure salary. I continue to live in my mother's basement because I couldn't justify any reason to move out even though I can afford to move out. I currently own an investment property, and if I moved into this property, I will not be able to collect rent from the tenant, which will cost me more than if I rent. Rent costs about $1700 per month. Spending this much on rent seems like such a waste. My mother even wants me to live with her and I help out with paying the bills. 

I also don't believe that moving out increases independence. Rather, moving out decreases independence because it reduces your wealth. A reduction in wealth reduces financial independence. 

Nevertheless, I will admit that living in your mother's basement is terrible if you want people to respect you. People look down on me and no one wants to date me. Recently I was dumped by a woman, and although she didn't give me a reason for dumping me, I have a bunch that me living in my mother's basement strongly  influenced her decision. 

However, if I move out because I want others to like me or I want to get a date, I feel like this is no different to buying a Ferrari for the exact reasons. My logical brain tells me that moving out in order to gain respect and love is pure consumerism.

So I have a dilemma in that I would like to be loved,  but at the same time I don't want to be a conformist, I don't want to be a victim of consumerism, and I want to be authentic and true to myself and my values. It feel like such a disappointment that the price of love is conformity.