Its possible to take a euro style vacation, but extremely rare. Also your friends and family will tear into you, lobsters in a bucket style grabbing one trying to escape, unless you do the selfies at the tourist trap thing. "What you relaxed and had fun instead of stood in line for three hours to take a low quality picture? You totally wasted that once in a lifetime vacation."
I cannot understand for the life of me what you are talking about with friends and family. Basically hardly anybody cares about your vacation to begin with and nobody cares what you do and if anyone does why do you care? I mean, you don't have to tell your friends and family you are going on vacation if you believe they won't approve, your vacations aren't public information. I, personally, don't tell my mother when I go on vacation because she wants a play by play when I get home and I simply don't care to tell her how I spent every minute, so I just don't mention to her that I am going somewhere.
This is just an extremely bizarre comment.
What a weird problem to have. Are you sure that's actually a thing that happens? It sounds unlikely.
One more thing is that the reason I say "30" is that I believe that you owe time to your wife and kids and while I think it is important to take the opportunity which is youth, I also think it is not good to be obsessed by making it big all your life. There's a time to try hard, and a time to try moderately.
And finally, I regularly do nothing for 2-5 days, sometimes up to 10-12 and just take some fresh air when I think I need some rest and wouldn't be productive enough in front of my screen.
So it is actually much more balanced than it seems - and perhaps than what I communicated. The bottom line of this balance is : take the hit now.
I love free time and recreation more than all those who told me that I worked too much, this is what they never understood. And this is why I prefered to take the hit a few months to free myself for the rest of my life.
I must say, you have a rather odd idea of what a "vacation" means.
Why would anyone do that? It sounds awful.
Don't waste all your youth on work.
As time goes on hopefully you have built up a unique arsenal of skills, knowledge, and connections. BUT please enjoy this process because it's your life...
Terrible advice.
Yet I definitely feel that accounting might be useful. Not to save money in order to make money (this whole notion actually makes me uncomfortable), but to optimize my spending.
I find myself buying too much crap (around $100 in McDonalds a month, etc...)
I'm also considering putting a few thousands dollars aside in a saving account. It won't be more than 2 months of living expenses.
Mmh... Actually thinking about it, I think that I've been doing accounting for a very long time without naming it - and realizing it. For example, I have rules to manage my personal operating capital, and I can tell precisely at which income level and how I will start to work on growing my cash reserves.
My advice would be:
-Invest everything while you are netting less than 10k a month, and be hungry to expand as if the devil was after you. The younger you are, the more aggressive you have to be. If you are under 30, don't even think of taking vacations.
- at the 10k point, you need to mind your expenses, and build cash reserves because investments to reach the next level will require down payments. At the same time, you need to keep growing your revenue at a faster pace.
-When you reach the next stage, your finances have reached a point where no anonymous from the internet can help you.