Photo: Top of Observation Point, Zion National Park (Utah)

Last update: March 28, 2019

My name is Jay and I am currently 27 28 29 30 31 32 years old YOUNG! I graduated school w/ an engineering degree and started working at 23. I started investing in a Roth IRA during my senior year of undergrad (thanks to sound advice from my older brother), and have been fully funding that, in addition to a 401k. I have recently started dividend investing (as of January 2012), and will be sharing my journey on this blog.

I still work in the engineering/high-tech industry. I enjoy the work for the most part, but some days are better than others 😉 Though I most definitely enjoy being able to mentor younger engineers. I will make it a priority to keep volunteering/mentoring after I exit the workforce. More than anything, my goal in life is to become a more complete individual. A true renaissance man, if possible. Time is precious, and I want to make the most of my time here.

With that said, I do not enjoy working for other people. I do not enjoy weekly status reports, meetings, conference calls (luckily no TPS reports). My goal is to become fully financially independent at 37.5 33 30 31 (DONE!). This day will arrive when my passive income and semi-passive income streams bring in more each month than I need to pay bills.

Let the journey begin continue!

Photo: Pura Lempuyang Temple (Gates of Heaven), Bali (Indonesia)

 

Fight On!

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SB @ One Cent At A Time

curious to know, why 37.5, why not a round number?

Martin
7 years ago
Reply to  FI Fighter

Funny (the 37.5 pick)! Unfortunately I started late on my own so I am forced to be more aggressive, but I am fine with it. Thus as soon as I build a solid portfolio I will start using covered calls and selling puts as well. Currently I am looking for information on how to save or get more money to invest. One of my portfolios is currently making me 13.24% annually and I could get a loan at 7% annually so I borrowed money to invest. Works well, but may be dangerous.

Martin
7 years ago
Reply to  FI Fighter

FI, even puts and calls can wipe your account quickly, believe me I’ve been there 🙂

I have been practicing leveraging for about three years and learned how to manage cash to avoid margin calls, although sometimes I was darn close. Works well for me so far. My leverage ratio is 3:1 and I am managing not to go over this number. There it can become very dangerous.

I started selling puts and calls against ONTY (again, I have been doing it during 2012 already) and because of my previous trades I own this stock for free.

Stashar
Stashar
8 years ago

Hey man, Good luck on your journey. My calculated expenses are already much higher than yours, and I certainly don’t make as much as you either. But I also would like to give this financial independence thing a try. BTW: there has been a great amount of analysis done (both online and in the financial research community) on the “safe withdrawal rate” for retirement. Since your strategy is completely reliant on this number, you should do some research into it. Assuming a 30-year retirement, stocks have had a historic safe withdrawal rate of 4%… and assuming an infinite-year retirement, stocks… Read more »

Samir
8 years ago

Hi FI Fighter, I like your ambition and the goals you have set for yourself to become financially independent. It is nice to see young(er) people (I am in my early 30’s) thinking about their future and setting a goal for how to achieve their financial goals. I checked out your portfolio and your progress and you have been doing great! Like you, I, too, started dividend-growth investing late last year and I am totally sold on the strategy. To keep myself honest, I track the results of my portfolio and Roth IRA on my website, much like you do.… Read more »

Financial Samurai
7 years ago

Good to hear your story man and good luck!

I hope you continue to blog until you are at least 37.5!

Sam

Brick By Brick Investing | Marvin

Rock on brother! It will be significantly easier for you to succeed based on your timing and ambition. I look forward to following you.

experimentalinvestor
7 years ago

Hi Don’t know how I stumbled on your website but it sounds like we are much on the same wavelength! I am too on a journey to reach financial independence but am finding the headwinds pretty tough due to the economic back drop. I am 31 years old and find that a lot of asset classes do not offer value at the moment. I am value investor and take the view that if I can buy-in into an investment at reasonable “value” by probability of a decent return over the medium/ long term will be high. I’d just keep an… Read more »

MG
MG
7 years ago

Aloha Fighter,
LOVE the photo of Waikiki beach 🙂
All the best for 2013!
MG

Integrator
7 years ago

FI Fighter,

Looks like we are on similar paths. I’m shooting for financial independence at 40 also (expense coverage, $50k/yr in dividends). I like the look of your dividend portfolio. I also have a dividend portfolio, composed of more international stocks at this stage. but I’ll be adding more US stocks over the next couple of years as I try to better diversify and hit my goal. Within 5 years we’ll hopefully both hit our goals! Good luck, I’ll be checking in.

Integrator.

Leigh
7 years ago

Hehe, I see that you now want to hit FI at 33! 🙂 With my raise and extra RSUs this year, I think I should be able to hit FI by 33 as well! I have a feeling that 2015’s raise will bring that in to 30, we’ll see!

I’m now making enough money that I can stick to my 5 year mortgage payoff schedule and dollar cost average into my taxable investment account at the same time, which is pretty nice.

Leigh
7 years ago
Reply to  FI Fighter

I wonder which of us will hit FI first 🙂 I think you’re three years older than me, so your 33 could be the same year as my 30!

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theFIREstarter
6 years ago

Wow… Very inspiring to see how quickly you have reigned in your goal retirement age!

Very impressed with your agressive rental aquisition. I think at least 1 or 2 rental properties will end up being part of my master plan.

Good luck on the rest of your journey!

Andy

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Roger H
Roger H
6 years ago

FIFIGHTER,

Great blog. It is amazing how much progress you made in such a short period of time.
Wouldn’t it be prudent to stick around for another 3 years? Think of all that chedda!

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FourPercentRule
6 years ago

It looks like you’re well on your way! You sound similar to me 15 years ago. I also work in the tech industry and had a similar net worth when I was 30. Then the dot.com meltdown happened and (as a tech enthusiast I had a lot of tech stocks) cut my portfolio in half. I feel like I’ve been clawing my way back ever since. 🙂 Along the way I got married, bought a home, had a couple kids, and we did our best to fill the house full of stuff. With all of this happening, our expenses definitely… Read more »

EL @ Moneywatch101
6 years ago

Congrats wow, you slahsed your FI goal by 7 years. Cheers to being Free! I hope to be there in 8 years. It will take me a bit longer cause I have a large family. Good Luck.

Ace
Ace
5 years ago

Awesome stuff FI fighter!

Any advice for a guy who is starting out at the same age as you who is also looking to get aggressive with his savings and investing. This 9-5 thing is already starting to get old and im only 24 😛

Have a great weekend

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KG
KG
5 years ago

I just stumbled upon your blog. I’m about to start reading from the start. I’m 31, and have always known I wanted to start my own company. I’ve never had “THAT great idea” to startup. I’m driven, and enjoy real estate. I have been talking about purchasing rental property for over a year, and have yet to act. Hopefully this will be the year. Trying to pull together money for a first down payment. Have to start somewhere…. Hoping for financial independence by the time I’m 40 so I can get out of the horrid corporate world and stop being… Read more »

MB @ Millennial Boss
4 years ago

I wonder how many of us work in Tech? I remember seeing a figure on MMM’s blog that a majority of his readers were in Tech. Must be the mindset and the money.

Charlie
4 years ago

Wow. That’s some impressive progress!
I’m just starting out, a little to the game (not too late, in my early 30s), currently reading around and trying to have a solid plan.
Funny, like many of your readers, I’m also in the tech industry.

Brian from Korea
Brian from Korea
4 years ago

Inspirational FI FIGHTER.

I’ll be watching!

Brian from Korea

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[…] Santa Clara, CA, investor Jay Dao explains on his real estate blog FiFighter, “I don’t want to do the research to have to find the right: agent, contractor, repairman, […]

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[…] Santa Clara, CA, investor Jay Dao explains on his real estate blog FiFighter, “I don’t want to do the research to have to find the right: agent, contractor, repairman, […]

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Anonymous
Anonymous
3 years ago

Why haven’t I found bitcoin mentioned on this blog anywhere?

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[…] Santa Clara, CA, investor Jay Dao explains on his real estate blog FiFighter, "I don’t want to do the research to have to find the right: agent, contractor, repairman, […]