The Problem with Retirement Funds

Why get rich slowly?

When I was 23, I got fired from the only real job I’ve had. 

Normally when you’re fired, you start looking for something else. I didn’t. I spent the next year traveling, writing, and seeing what life would be like as a digital nomad.

I was only making a couple grand a month, but I didn’t need to make much. During my job and previous projects I’d hoarded a large amount of cash which gave me the freedom to take some time to figure out what to do next. I burned through most of my savings that year, which might seem irresponsible, but was one of the smartest financial decisions I’ve made. 

I hadn't followed the normal financial advice. I maxed out my IRA every year, but that was it. My job didn't have a 401k, and I didn't contribute to my SEP IRA with my side income. 

Learn more

This post is for
paying subscribers

Subscribe →

Or, login.

Read this next:

Almanack

The Founder Trap

What happens when the wrong thing works?

84 Mar 17, 2021 by Nat Eliason

Almanack

Tokenomics 101: The Basics of Evaluating Cryptocurrencies

Supply, Demand, and Memes. Lots of Memes.

432 Dec 17, 2021 by Nat Eliason

Almanack

Oatly: The New Coke

Fool me once, shame on you...

108 Aug 7, 2020 by Nat Eliason

Divinations

LLMs are the new CPUs

…but is OpenAI the new Intel?

71 Mar 15, 2023 by Nathan Baschez

The Sunday Digest

Mastery, Recommendation Algorithms, and AI Fine Tuning

Everything we published this week!

12 Mar 12, 2023

Understand AI

Get one actionable essay a day on AI, tech, and personal development

Subscribe

Already a subscriber? Login