A 24 year-old "retired" civil engineer living in New York City and FI/RE-ing with $1.5M
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Occupation: “Retired” Civil Engineer
Industry: E-commerce
Age: 24
Location: NYC
Salary: $110,000/year
FI/RE Number: $1.5M
Years Until FI/RE: 4 years
Current financial situation: I’m grateful that my financial situation is alright at the moment. I’m able to make income from my e-commerce store with future endeavors. I am currently doing my Masters in construction, so like everyone else, student loans are killing me.
Ethnicity: White/Black
How did you first hear about FI/RE?
Podcasts. When I worked as an engineer, it was in transportation and infrastructure design. While working on my CAD and MicroStation drawings, I would listen to podcasts.
Why do you want to reach Financial Independence/Retire Early?
FI/RE is freedom. I was raised by a single mother, when we came to America she worked as a housekeeper then made her way up to a program coordinator. I remember how much she worked. On Christmas Day, she would leave me at 7 years old to go to work. I think that’s why I’m not a fan of 9-5 jobs. As an engineer, I worked a 9-5. I loved learning, but I felt controlled. They controlled my sick days and my vacation days. I wanted some say.
Do you have any debt?
$109,000 student loans only
What is your % savings rate?
60% before tax
Are you doing anything to achieve FI/RE faster? If yes, what?
I plan to open a dropshipping store, a membership community and possibly a construction company
Any advice you'd give to someone who has a similar FI/RE lifestyle as you, especially if it seemed hard or unattainable?
I would say keep going. Don’t feel limited in your capabilities. The worst thing you can do is not try.
Favorite FI/RE resources you’d like to share?
Podcasts are my favorite: Millionaires Unveiled, Listen Money Matters
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