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<blockquote data-quote="Sigmata" data-source="post: 1338676" data-attributes="member: 18531">Although my financial position has never been better, throughout my life I’ve been a poor manager of my financial well-being. I’ve paid a high price for some of my decisions. Rather than being a prudent manager of my financial health my focus has been on maximizing earning potential and technical range: 1. Develop key technical skills 2. Maintain a scarce consulting value proposition 3. Pursue career/technically enhancing/expanding projects rather than chasing job security with nondescript positions within large corporations. These are some of the key mistakes I’ve made along the way: 1. Took on excessive consumer debt 2. Underestimated the disruptive impact of exogenous economic events 3. Failed to properly save 4. Depleted retirement savings to bridge voluntary gaps in employment.Despite my prior mistakes, I’m now debt free with modest savings/investments and high earnings due to an ongoing commitment to technical development. The tax benefits of working as an expat should not be underestimated. One can rapidly improve one’s financial health when working abroad. It would take over five years to save as much money as I’ve saved in one year. Nonetheless, I don’t think financial health should be pursued at the expense of meaningful life experiences. Financial discipline can be applied in extreme and used as a justification for not living life to its fullest.</blockquote>

[QUOTE="Sigmata, post: 1338676, member: 18531"] Although my financial position has never been better, throughout my life I’ve been a poor manager of my financial well-being. I’ve paid a high price for some of my decisions. Rather than being a prudent manager of my financial health my focus has been on maximizing earning potential and technical range: 1. Develop key technical skills 2. Maintain a scarce consulting value proposition 3. Pursue career/technically enhancing/expanding projects rather than chasing job security with nondescript positions within large corporations. These are some of the key mistakes I’ve made along the way: 1. Took on excessive consumer debt 2. Underestimated the disruptive impact of exogenous economic events 3. Failed to properly save 4. Depleted retirement savings to bridge voluntary gaps in employment. Despite my prior mistakes, I’m now debt free with modest savings/investments and high earnings due to an ongoing commitment to technical development. The tax benefits of working as an expat should not be underestimated. One can rapidly improve one’s financial health when working abroad. It would take over five years to save as much money as I’ve saved in one year. Nonetheless, I don’t think financial health should be pursued at the expense of meaningful life experiences. Financial discipline can be applied in extreme and used as a justification for not living life to its fullest. [/QUOTE]

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