Thread by @iancassel

I became financially independent in 2008 at age 27. Or as my Father likes to say, I retired. Yeah right. It’s more like you exchange security for total insecurity.

I get asked a lot about how much capital you need to become a full-time investor. That answer will be different for everyone. It’s a personal decision. I was single with no kids living in Lancaster, PA. It was a great time to make that decision.

I would say a much better question is how much pain can you endure.

Can you sustain a 30-40-50% drawdown while also drawing it down to pay bills?

How would this affect you emotionally, psychologically?

Would two or three bad years in a row cripple you?

At what point would your investment strategy start to crumble by these emotions?

At what point does my advantage of “focus on the long-term” shift to “this next quarter needs to be good” or else..

Am I mentally prepared to perhaps go to my wife and tell her I failed and can’t support us anymore? That I need to get a job, that she needs to get a job.

If you decide to do it you must be financially, emotionally, and mentally ready. Control your expenses so you can control your destiny. The first step to becoming a full time investor is realizing money is about freedom not consumption.

When the sun is shining and the hay is growing pay off debt and put some away for the rainy season. Because the rain will come.

Being a full-time investor is absolutely wonderful with the right mindset. The freedom you gain when you become a full time investor is worth 100x the income you lose when you leave your job.

Seeing your kids grow up is worth the struggle.

Not having to answer to anybody is worth the struggle.

Not having to wear a suit again is worth the struggle.

Pursing your purpose is worth the struggle.

Taking back YOUR life is worth the struggle.

We all have the power to make our lives an incredible success story.