[CaP7]

My friend sent this to me the other day. We've both lived in Pacific Beach, CA and he thought it was interesting. I thought it was inspiring enough to share it.

https://screen.yahoo.com/slomo-113549657.html

TLDR;

Doctor has it all, gives it up to live in a studio apartment in PB and skate on the beach boardwalk.

While I don't advocate for 100% this, some of his points resonated with me, especially the part about being an asshole. After seeing this, I definitely need to work on that part of myself.

"Do what you want."

"The people that love Slomo are cheering for 1 person that got away, that escaped, and got the real freedom where he skates all day and doesn't apologize. He's simply doing what he wants to."

"At this point, I'm just trying to get to the end of my life without becoming an asshole again."

Look, I'm a banker, in sales, pretty high strung, and the furthest thing from a beach bum (even though I've lived within 3 miles of a beach for the last decade). I'm the type of guy that creates inner conflict and challenges in order to push myself to the next level, whatever that next level is personally. Sometimes we can get lost in it and lose perspective.

[RawGod]

99% of the world would KILL to be able to live near the beach in SoCal with no responsibilities...that is not giving it up, it's just one of a million options available to the elite.

[CaP7]

^^^ It's actually pretty easy to do. I have a friend that works hanging drywall and odd carpentry jobs for 6 weeks on, then takes 3 months off. Lives in PB in a big house with 4 roommates. He's 38, no kids, no ex. Likes to surf and play soccer all week. During the 3 months off he helps out different reggae bands so he doesn't have to spend much money on booze and weed. He's been doing this for 15 years in PB.

The guy in the video gave up a mansion, BMW, Ferrari, and exotic pet collection. He worked as a neurosurgeon. That's giving it up.

[lurker]

I had always heard rumors Slomo was some sort of highly skilled/trained professional (neurosurgeon, astrophysicist, psychiatrist, bioinformaticist, shit like that) but I just thought he was another crazy with some source of passive income.

[iknowexactly]

neurosurgeon is crazy high paid.. he could have saved a couple million in a few years.. living off dividends with a studio apt lifestyle.

[T and A Man]

(04-02-2014 08:50 PM)CaP7 Wrote:  

He worked as a neurosurgeon. That's giving it up.

Well the responsibilties of a neurosurgeon are quite a burden.

He is also giving that up.

[peterthephoenix]

I used to live in PB for about 10 months last year. Seen slomo multiple times. Guy is a local legend.

[username]

No doubt in my mind he has a very nice savings and retirement.

A quick search shows a small apartment in the area goes for between $1,500 and $3,500 with most around $2,500 a month. My guess with everything he probably lives on around $4,000 to $5,000 a month.

Like CaP7 said, a regular guy without a million in savings can do it too. So why don't more people do it? Well most get trapped (debt, marriage, kids, expenses) or are too afraid to take the risk and break free from the mold.

[Handsome Creepy Eel]

Yes, but how long does it take a regular guy to accumulate a million in savings?

I'm talking Croatian Kunas (HRK) here, but since the average Croatian wage compared to 1 million kunas is about the same as the average American wage compared to 1 million dollars, it's easily comparable to what you guys are talking about.

I currently live humbly and don't go out, drink, drive, splurge on partying, girls, luxuries or travel. With working 1 main job and 2 small jobs on the side, I save up about 2000 kunas per month (roughly 40% of my income).

Assuming an interest rate of 3% and using this calculator, it would take me 27 years to save a million kunas. I'd be in my fifties by then.

If I saved up slightly more (either because of higher interest, higher income or even lower expenses) and assumed that my expenses once I stopped working would be a bit lower than the average wage, it would still take me roughly 23 years.

If I saved up a lot more (assuming my career goes relatively well so that I earn almost double than now and I park my money in some sort of fund that earns me, say, 4,5% per year), it would take me 18 years until I was able to live this way. By that point, I would be in my early 40s. Which is not bad, but your best years are gone by then.

Doing something like this before your late 30s doesn't seem possible unless you're earning a lot (at least double the average wage for your country) or luck out with some sort of a lucrative investment (buying land, real estate or stocks that double in value over a few years). Given that these things are unlikely, very risky, or both, it doesn't seem worth it to be shooting for that. It seems more reasonable to accumulate savings enough so that you can spend a part of your life in a pussy paradise, but still have to work at least a part time job while doing it.

Are there flaws in my calculation? Would be glad if someone would point them out.

[iknowexactly]

50% of physicians have physician parents (forget where I read that) and presumably inherit money.

[mental]

(04-03-2014 06:08 AM)Handsome Creepy Eel Wrote:  

Yes, but how long does it take a regular guy to accumulate a million in savings?

I'm talking Croatian Kunas (HRK) here, but since the average Croatian wage compared to 1 million kunas is about the same as the average American wage compared to 1 million dollars, it's easily comparable to what you guys are talking about.

I currently live humbly and don't go out, drink, drive, splurge on partying, girls, luxuries or travel. With working 1 main job and 2 small jobs on the side, I save up about 2000 kunas per month (roughly 40% of my income).

Assuming an interest rate of 3% and using this calculator, it would take me 27 years to save a million kunas. I'd be in my fifties by then.

If I saved up slightly more (either because of higher interest, higher income or even lower expenses) and assumed that my expenses once I stopped working would be a bit lower than the average wage, it would still take me roughly 23 years.

If I saved up a lot more (assuming my career goes relatively well so that I earn almost double than now and I park my money in some sort of fund that earns me, say, 4,5% per year), it would take me 18 years until I was able to live this way. By that point, I would be in my early 40s. Which is not bad, but your best years are gone by then.

Doing something like this before your late 30s doesn't seem possible unless you're earning a lot (at least double the average wage for your country) or luck out with some sort of a lucrative investment (buying land, real estate or stocks that double in value over a few years). Given that these things are unlikely, very risky, or both, it doesn't seem worth it to be shooting for that. It seems more reasonable to accumulate savings enough so that you can spend a part of your life in a pussy paradise, but still have to work at least a part time job while doing it.

Are there flaws in my calculation? Would be glad if someone would point them out.

Well, I opened the page, and I did not see a form for calculation, and, I only see some "advice".

Maybe, there is a form, but, I may have to dig deeper.

I think, that, your calculations, do not take into accounts, people that will help you (if you have their back, of course), the fact that you will change, take risks, and, use Game to influence the World; no risk, no pain = no gain!

Mechanical and Predictable;
Vs.
Natural and Adaptable.

However, I may be wrong, as, everyone has their own Way, and, knows what is "best" for him;

In my case, even with spending a bit more, I still, somehow, have enough for everything, I would ever want!

And, I am a very happy man!

Time will tell.

The results; They are the Truth!



Edit:
I opened, the page again, and there is a calculator...

You calculations, make sense, but, my points are still, I think, valid!

[lovejoy]

(04-03-2014 06:58 AM)mental Wrote:  

(04-03-2014 06:08 AM)Handsome Creepy Eel Wrote:  

Yes, but how long does it take a regular guy to accumulate a million in savings?

I'm talking Croatian Kunas (HRK) here, but since the average Croatian wage compared to 1 million kunas is about the same as the average American wage compared to 1 million dollars, it's easily comparable to what you guys are talking about.

I currently live humbly and don't go out, drink, drive, splurge on partying, girls, luxuries or travel. With working 1 main job and 2 small jobs on the side, I save up about 2000 kunas per month (roughly 40% of my income).

Assuming an interest rate of 3% and using this calculator, it would take me 27 years to save a million kunas. I'd be in my fifties by then.

If I saved up slightly more (either because of higher interest, higher income or even lower expenses) and assumed that my expenses once I stopped working would be a bit lower than the average wage, it would still take me roughly 23 years.

If I saved up a lot more (assuming my career goes relatively well so that I earn almost double than now and I park my money in some sort of fund that earns me, say, 4,5% per year), it would take me 18 years until I was able to live this way. By that point, I would be in my early 40s. Which is not bad, but your best years are gone by then.

Doing something like this before your late 30s doesn't seem possible unless you're earning a lot (at least double the average wage for your country) or luck out with some sort of a lucrative investment (buying land, real estate or stocks that double in value over a few years). Given that these things are unlikely, very risky, or both, it doesn't seem worth it to be shooting for that. It seems more reasonable to accumulate savings enough so that you can spend a part of your life in a pussy paradise, but still have to work at least a part time job while doing it.

Are there flaws in my calculation? Would be glad if someone would point them out.

Well, I opened the page, and I did not see a form for calculation, and, I only see some "advice".

Maybe, there is a form, but, I may have to dig deeper.

I think, that, your calculations, do not take into accounts, people that will help you (if you have their back, of course), the fact that you will change, take risks, and, use Game to influence the World; no risk, no pain = no gain!

Mechanical and Predictable;
Vs.
Natural and Adaptable.

However, I may be wrong, as, everyone has their own Way, and, knows what is "best" for him;

In my case, even with spending a bit more, I still, somehow, have enough for everything, I would ever want!

And, I am a very happy man!

Time will tell.

The results; They are the Truth!



Edit:
I opened, the page again, and there is a calculator...

You calculations, make sense, but, my points are still, I think, valid!

I think the key is multiple streams of relatively passive income, a frugal livestyle and do this right now, not 20 years on. I have a number of websites I do work for and some related sites of my own, if any one of them went down it might be a bit tight money wise, but it's not a real problem. I don't spend as much time as Slomo doing my thing ( I cycle rather than skate). Right now I only need about $1500.00 a month to live quite well ( My small house and old car are paid for). If you have no debt load just five websites making 10 Bucks a day gets you there, anything else is gravy...The sun is shining so I'm off for a ride, got to learn to glide like Slomo....

[Suits]

I think you should be able to do better that 3% ROI on savings.

[kaotic]

I think regardless of the money situation, it is possible to break the mold and have true freedom.

Obviously Slomo worked his ass off for years, and it paid off for him.

It gives me hope knowing (once I get motivated) that this is possible.

I'm 27 and I'm going nowhere with my 9-5 cubicle and I literally feel empty inside. I feel alive by gaming girls, adventures, and going to small venued shows. I want out bad and I'm still trying to figure out what I need to do to get there, yet I feel somewhat lost on how.

[Bad Hussar]

I think the point the OP is making is that this Slowmo chap gave up many years of future income, and the prestige that goes with being a Neurosurgeon to live a simple life. He may have been in a better position than many other people in the world, but that isn't the point. The point is what he himself gave up.

He may well have saved up lot's of money, though if you watch the whole video you see that his parents were dairy framers and he seemed to have a fast burn lifestyle(sports cars, mansions etc.). So may have been difficult to save that much.

[peterthephoenix]

"I think the point the OP is making is that this Slowmo chap gave up many years of future income, and the prestige that goes with being a Neurosurgeon to live a simple life."

He didn't exactly make the decision completely from will. His vision was deteriorating to the point he couldn't read x-rays properly. He couldn't work and had to make the change. But I enjoy that he escaped the cubicle wheel. Good for him.

[Switch]

A very simple life seems a lot less stressful and a lot easier to achieve and maintain than a baller lifestyle. Slomo's doing it right. Mo' money mo' problems.

[Lothario]

(04-03-2014 06:46 AM)iknowexactly Wrote:  

50% of physicians have physician parents (forget where I read that) and presumably inherit money.

IKE that is a Wrong fact, I am in healthcare and may be 10-20 % tops in graduating class has doctors as parents. It is sweet though to graduate med school with no loan.