this post was submitted on 08 Apr 2024
12 points (100.0% liked)

FIRE (Financial Independence Retire Early)

1149 readers
2 users here now

Welcome!

FIRE is a lifestyle movement with the goal of gaining financial independence and retiring early.


Flow Charts:

Personal Income Spending Flow Chart (US)

Personal Income Spending Flow Chart (Canada)

Finance Flow Chart (UK)

Personal Income Spending Flow Chart (Australia)

Personal Finance Flow Chart (Ireland)


Useful Links:

Bogleheads Wiki

Mr. Money Moustache - a frugal lifestyle blog

The Earth Awaits


Related Communities:

/c/[email protected]

/c/[email protected]

/c/[email protected]

/c/[email protected]


founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] yenahmik 2 points 8 months ago (3 children)

Decided to play around with AI and asked it to create some outlines for a couple of story ideas I've had bouncing around in my head for years. Damn, they were pretty good. I may have to use this as inspiration to actually write these stories instead of waiting until I reach FIRE.

Side note: I tried asking it to do my job, and was decidedly not great. Granted I had to give it generalized instructions, but still. Fairly safe to say that AI can not replicate the domain knowledge of a human in my role just yet.

[–] [email protected] 3 points 8 months ago

Nice! At one point I wrote a novel. I still have it, but I never did anything with it. Now between kids and work I can’t muster the wherewithal to drive these kinds of projects on my own time.

I do software development and AI tools are increasingly slipping in as an augmentation. Copilot in the IDE to suggest code (moderately useful and I’d be annoyed to lose it), pull requests with AI to provide an extra analysis or explanation of what a proposed change is doing, etc. So far it seems best suited to raising the baseline effectiveness of people rather than replacing them or raising their ceiling.

[–] yenahmik 2 points 8 months ago

Lol just asked it how much I should have saved now if I want to retire at 40. I don't think you should take AI's advice when it comes to retirement...

Here's a rough estimate to get you started: if you plan to retire at 40 and spend $30,000 per year, you'll need to save around $180,000 by then. This is simply your annual spending multiplied by the number of years until retirement. However, this is a simplified calculation and doesn't take into account factors like inflation, investment returns, or your desired retirement lifestyle. To get a more accurate idea of how much you need to save, you can use a retirement calculator or consult with a financial advisor.

[–] [email protected] 1 points 8 months ago

I've been having a blast playing around with AI these past few months. I mostly use it to write NSFW fiction, but also for programming and web development stuff. It's made my transition over to Linux a lot easier, having a place to ask all my dumb questions.