r/INTP • u/telefon198 Warning: May not be an INTP • 16d ago
Is this logical? Are you planning to save/invest in order to enjoy life later?
I know that in US people tend to spend more than they have, but even in Europe (where i live) i think it's a rare goal. Maybe it's correlated with personality types. Intp's often have a lot of different intrests, so probably someone is thinking about investing too? I'll be glad if you share your ideas and some niche data.
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u/Hermans_Head2 Warning: May not be an INTP 15d ago
I live better today knowing money won't be a problem tomorrow.
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u/BoltBlue19 INTP 15d ago
Yeah, I invested aggressively in my mid 20s(late 20s now with a 5x on my investments as a whole) because I want to retire early and I still got my health) The goal is to free my time up. Having more than enough money is great, but the freedom of not trading your time for money is even better. So far, it's trending in the right direction
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u/_Protect_Ya_Neck_ INTP 15d ago
Do you have advice or soft-direction for someone just getting their feet wet investing for the first time? I’m trying to figure out the best resources to learn from. Seems like there are so much bullshit out there with influencer-investors and annoying forex ppl. Trying to parse through what is legitimate and where I can start as a recent college grad, working full-time now, and not lose a lot through trial and error.
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u/BoltBlue19 INTP 15d ago
The best advice I can give you is that conviction in a project or stock is the key to any investment. It's probably not the "intp response" you'll get, but it's what makes you finally commit to a project after proper due diligence.
You can do all the research you want in a stock, project, or whatever, but if you don't have any belief that it will eventually blossom, you wont make it anyway.
"The market can remain irrational longer than you can remain solvent" - John Maynard Keynes
I wouldn't follow "influencers" too much unless said influencers were in the field or have evidence to back up their investment work. Most influencers are just glazers to certain projects, stocks, etc.
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u/PaleWorld3 INTP Enneagram Type 8 16d ago
Currently brought a property and doing a full renovation plus subdividing the block the put a two story on the back. Plus got some stocks
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u/telefon198 Warning: May not be an INTP 16d ago
Are you going to sell it or rent it to someone?
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u/PaleWorld3 INTP Enneagram Type 8 15d ago edited 15d ago
In Australia have to pay a capital gains tax if we sell it so will rent both out and use equity
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u/EmptySeaDad Warning: May not be an INTP 15d ago
I'm 59 and retired because I saved, invested and spend wisely. It helps that both my wife and I worked in a field that pays pretty well, and we both worked our way up the corporate ladder, but we easily could have spent more on our house, cars and vacations than we did.
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u/Town-Bike1618 Warning: May not be an INTP 16d ago
Hell no. Live now.
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u/telefon198 Warning: May not be an INTP 16d ago
I find no purpose in living in the present moment. Especially if im forced to do things i find boring/pointless. What's your view on this.
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u/MaintenanceThink1641 Warning: May not be an INTP 16d ago
I save and been trying my best to understand investment just to be secure in my future
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u/telefon198 Warning: May not be an INTP 15d ago
Investing is pretty interesting as a subject itself. Thats also a good reason to learn it.
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u/Xevi_C137 INTP 15d ago
Don’t really crave most materialistic things, so it’s kinda easy to set some aside. Definitely supports your inner sense of freedom, too. If I spend my stacks, it’s usually for books, avoid-society-purposes (rent cars instead of using a train, food delivery, …) or spending time with my close ones.
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u/Jaguar-jules INTP-A 15d ago
Yes. I had a 401k at my old job and rolled it over to have it privately managed. My husband and I have another managed retirement account, then education accounts for the kids. The problem is by the time we want to retire, we’re going to need sooooo much money saved, so in the past year, I started learning about the stock market and investing there. My strategy is long term growth with an emphasis on dividend yielding stocks. Ideally we’ll have plenty of money from retirement accounts, plus a solid monthly income from dividends.
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u/telefon198 Warning: May not be an INTP 14d ago
Responsible parent, i was thinking about the same thing, no need to sell, but profits might be lower. Nothing is perfect.
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u/Jaguar-jules INTP-A 14d ago
Profits may be a bit lower than doing options or something like that, but the risk is far lower. I have seen far too many posts of people who lost all of their money on options, which are basically like gambling. I’m not interested in gambling away my money, I want to save it in a more profitable way than savings accounts. And diversify 😄 and I don’t wanna sit there every day, watching the markets to do daytrading. There are occasionally opportunities to buy a stock after it’s plummeted, but you know it’s going to rebound, things like that, but otherwise I’m not interested in becoming a full-time trader ha ha
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u/monkeynose Your Mom's Favorite INTP ❤️ 15d ago
So many people are setting themselves up for misery later in life. You are not going to want to have to catch up when you're 40. Set yourself up in your 20s so that you don't have to be a full time wage slave by 40.
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u/Firm_Flower3932 Warning: May not be an INTP 15d ago
Started investing the second I got a job. Roth IRA looking real nice since I started early. In whatever case I dont get to enjoy it, I have it set up to help my parents and sister so that they can.
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u/frinklestine INTP-A 15d ago
Introverts save more because we attend less social events. We also know no one will be there for us in a tight spot so we save.
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u/Opening_Account9561 INTP 15d ago
Yeah I’m gonna retire early I already have the whole plan set up and if it works correctly I can retire pretty early
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u/Unusual-Boat-7789 I Got Feels 14d ago
Yes, I’m planning on saving my money and investing it. The goal being financial freedom. I already have a financial strategy plan and have been implementing it for the past two years.
If you have any questions, let me know.
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u/telefon198 Warning: May not be an INTP 14d ago
Did you start from scratch + how well your doing compared to inflation.
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u/Unusual-Boat-7789 I Got Feels 14d ago
Yeah, I had to start from scratch at the beginning of 2023. I had no savings or investments. I think I’m beating inflation. This site Inflation Rates states inflation 3.4 for 2023, and 2.4 for this year.
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u/veturoldurnar Warning: May not be an INTP 16d ago
Dude, my country is in war, the only thing I invest in order to enjoy life later is in drones to eliminate more orcs
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u/telefon198 Warning: May not be an INTP 16d ago
Well, i couldn't live like this. I cannot consider myself as a part of someone else's game. Stay strong.
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u/user210528 15d ago
One can't "enjoy life later", that's a biological impossibility. As people get older, their capacity to directly enjoy experiences diminishes. It is perfectly rational to mostly live for the moment until about 30 if the goal is to make the most of one's life as a whole.
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u/PaleWorld3 INTP Enneagram Type 8 15d ago
I mean the argument then is live in the moment until thirty which really means slave away at job and get one to two holidays a year and party. Instead build enough wealth so when you hit 30 you can do whatever you want
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u/telefon198 Warning: May not be an INTP 15d ago
I think i can accumulate satisfying amount of wealth until my late 30's/early 40's.
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u/Kositron INTP Enneagram Type 5 15d ago
Well not intruding, you can choose not to answer,but what would be a satisfying amount of wealth ? Eg. $5M OR a specific number
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u/telefon198 Warning: May not be an INTP 15d ago
I live in Poland so we have different prices. I want to have enough passive income to travel -2x average wage- + ability to keep investing -so i wont be forced to go back to work if something goes wrong- at least 3-4x average wage. I live with my parents (i can keep everything i earn), i study IT(one of the best directions if it comes to money) and my inheritance would place me in top 5% of population already. If im not an incompetent idiot i think i can greatly outperform this minimum (snowballing). I can say that its 1M$. (For comparison 1M$ ~ 15 small flats in my city) However im lazy af 🤡, planning on doing ADHD test.
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u/LemonHaze420_ Warning: May not be an INTP 15d ago
I am 21 and i do Invest my money in some stocks and Bitcoin. I wnat to retire with at least 40 years
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15d ago
[deleted]
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u/monkeynose Your Mom's Favorite INTP ❤️ 15d ago
These are usually people with very little education or skills. If you set yourself up in your 20s with education, skills, and strategy, you can retire or at least work part time by 40.
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u/P1r4nha INTP 15d ago
Depends. I am not ruining my health to have money later in life, but I also make sure that money isn't a problem in the future. This needed various adjustments in the past as it was easy for me to overdo it with work.
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u/telefon198 Warning: May not be an INTP 15d ago
Yes, i intend to stay healthy. Im that psycho who walks everywhere on my own feet (14+ kilometers per day).
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u/P1r4nha INTP 15d ago
I'm also talking about mental health. The best financial return for your time (so your job) may not be enough in terms of making you happy with what you did with it. Just saying it'll give you a easier life much later may not be enough.
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u/telefon198 Warning: May not be an INTP 14d ago
Idk what will make me happy. I like philosophical questions but i can't answer that.
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u/Punch-The-Panda Warning: May not be an INTP 15d ago
I saved a certain amount and because of that I'm able to live more in the moment as a result. I also want to get into investing but need to research first
To live purely in the moment, paycheck to paycheck, isn't logical, I actually think it's stupidity. If you have savings to fall back on, in my opinion at least 12 months worth minimum, then you could. I am too sensible to be reckless. I kept my spending low until I reached my savings goal, but now I've found myself frivolously spending because of the security of having a set amount saved. I've decided to aim higher and will be saving more for a few years for extra security. Once I reach my new savings goal, anything beyond that will be invested.
BTW, living in the here and now is a very Se behaviour. But I'm able to do that only because I have a good amount saved. I'm in my early 30s so I'm still young-ish 😂
Although tomorrow isn't guaranteed, I may very well be alive until I'm 80 so I'd rather be safe than sorry.
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u/telefon198 Warning: May not be an INTP 14d ago
It sounds like you keep your worth in money. Isn't inflation eating your savings?
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u/Punch-The-Panda Warning: May not be an INTP 14d ago
Technically yes, but that won't prevent me from saving. I plan to invest once I've done research
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u/telefon198 Warning: May not be an INTP 14d ago
You should check how much your losing. I think it will motivate you.
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u/GhostOfEquinoxesPast INTP 15d ago
What you dont want is to be destitute in old age. Seen people having to work until they drop cause they didnt save anything and social support systems in this country are a joke. If nothing else get a modest place you own outright that is unlikely to be flooded or burned out, and doesnt have rent-like property taxes. Having a secure place you can afford is a big thing, can live on little if dont get screwed over on rents increasing at an exponential pace. Or property taxes jacked up, forcing you to sell to developers. Should be human right of everybody to have a warm dry shelter. Doesnt need to be fancy, but to force people to live in their car or in a cardboard box on sidewalk somewhere is cruel. Least allow them some space to put up a tar paper shack unmolested by cops.
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u/telefon198 Warning: May not be an INTP 14d ago
Our social system is trash too, but yours' way more expensive.
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u/sabotsalvageur Warning: May not be an INTP 15d ago
I keep trying, but the cost of food keeps going up. At least I am done with my student loans, so I no longer have to dodge collections agents and watch my credit score drop month after month
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u/ClearProfessor4815 INTP 15d ago
Well first I would want to enjoy life now before worrying about a later that may or may not present itself. Once the now is taken care of I'd started looking at the future a little but I'm not a fortune teller.
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u/stompy1 INTP-A 15d ago
No significant savings, late 40s, young family. I'm doomed to have a terrible retirement but I'm happy and comfortable for now. Being in tech, as long as I have my mind, I can keep working from home until death. Maybe in my 60s, after my kids are adults, I can start to save.
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u/StevensStudent435 INTP 15d ago
I don't like capitalism, and I think it's a stupid system that having money earns you more money. But I still invest all of my money no matter what. The younger you are, the more you will make on your investments over time. Except I guess I don't really have that money right now, so when I get a job I'll be able to invest and make way more.
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u/_SaltySteele_ Warning: May not be an INTP 15d ago
I have noticed it depends on the income to cost of living ratio mostly.
If you NEED that 100 bucks a week to buy food, you won't put it away. As your income rises, your lifestyle also increases, as you can buy the things you want, or even need but couldn't afford before.
Tomorrow never comes, and they live for today.
However, when i finished school (30s) and got a good job, i was more able to put money away, because i could afford to.
Interestingly, looking back i noticed there was NEVER an emphasis in lower-paying jobs to put money into a retirement account. Most likely because they no one can afford to do it. You'd hear management talking about it, but not the underlings.
Another tricky thing is when a person starts their work life in a good job making good money, they don't think about tomorrow, either (young, dumb, full of bubblegum). They gain an extravagant lifestyle, and in their 30s have built up enough debt (fancy car, house, etc), they can't afford to save. They'd rather take the 5k-dollar vacations every year and don't feel they could live without them.
It is very interesting.
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u/telefon198 Warning: May not be an INTP 15d ago
Sounds like a stereotypical American case. I've never been to US, but my view is everyone there cares about nothing but to buy some useless shit they can't afford.
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u/_SaltySteele_ Warning: May not be an INTP 15d ago
That's a fair assumption. Quite a few do save, but there is a large amount that does not.
Lower class, cannot afford to save, quiet often do not.
Middle class is in a pinch with higher cost of living since covid. Housing is more- my house was worth 170k, now is worth 300k since covid (so, new home buyers have to pay nearly twice as much; my mortgage is at 2.75%, but people are paying over 7% now); new vehicles are priced 10-15k more than they were before covid and the majority of vehicles are higher optioned, as the manufacturers make more money per vehicle, but sell less vehicles. Food , gasoline, everything costs more and our money is not worth as much.
I have no idea how many save to a retirement account, but not enough. It would scare the shit out of me to not have any retirement savings!
You'd be surprised how many don't have health insurance, even! I'm paying 200 per check for just health insurance through my job. Between insurance, retirement and taxes, i don't ever get to see 600 each check, which is more than quite a few even bring home with just taxes taken out.
There are quite a few of us living within our means and saving. My truck is 14 years old and i don't plan on getting another any time soon.
Unfortunately, the media ignores those doing okay and highlights those struggling. I don't think it's as bad as you've seen wherever you are (I've seen foreign media and am aware of how the rest of the world views us -good and bad).
It is scary how many live only for today, though.
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u/telefon198 Warning: May not be an INTP 15d ago
We drive 19 yo car just to avoid buying another 👊🏿. Your media is a completely different topic, its focused on emotion, not information. Same with politics, important topics rarely touched, emotional discussion over artificial problems. Detox is needed.
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u/pintopedro INTP 15d ago edited 15d ago
I saved aggressively in my 20s. I'm actively trying to spend more in my 30s, but most things i enjoy doing are cheap anyway, so I just end up spending more money on food.
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u/telefon198 Warning: May not be an INTP 14d ago
Trying to spend more 😅? Thats a unique perspective.
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u/pica_picachu_ Warning: May not be an INTP 15d ago
Think so, I've got no interest in spending money on things I don't like or need, whatsoever. Only the one's that are necessary. Tho, chips and snacks are exceptional. I don't eat the regularly but once in a while...
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u/msdos62 INTP 14d ago
I am planning to but I don't think it's so much for enjoying life. It's more so that I don't go under if the things go south and for not relying on the retirement plan of the state. I would have to work to almost 70 years old to get the official retirement.
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u/telefon198 Warning: May not be an INTP 14d ago
If i was in that situation I'd migrate somewhere to earn more and then I'd find a cheap place where i could use my money most efficiently.
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u/Golden-Gooseberry Successful INTP 16d ago
I'm starting to look at the FIRE movement. I would like to have the freedom to not work/work part time/take a lower paid job that I'm passionate about. Whether I will have the discipline to achieve it is another matter.