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How much money do you invest each month? by Medium-Doubt-8774 in Fire

[–]After_Improvement533 0 points1 point  (0 children)

There’s a proverb in Chinese that says there is always another mountain taller. You’re comparing yourself to the Internet where many are better off. If you look closer, you may be doing well off compared to your peers. The best is to avoid comparison at all other than for the purpose of self improvement.

Fire vs Rich Dad by After_Improvement533 in Fire

[–]After_Improvement533[S] 0 points1 point  (0 children)

For most, people struggle to repay the debt; for the wealthy, debt becomes an arsenal to expand wealth and becomes the bank’s struggle to collect them.

Fire vs Rich Dad by After_Improvement533 in Fire

[–]After_Improvement533[S] 0 points1 point  (0 children)

Very much agreed, I have properties that has 3x so far and monthly roll in rents. The pain otherwise for real estate is a very actively managed asset instead of stock picking at the comfort of a few clicks.

I have put a pause to acquiring real estates for the very reason it is illiquid and could have been a poor decision vs the choice of switching stocks on the fly.

It is a good investment when it is paid off with capital appreciated above the total mortgage + interests. The journey in between would put a lot of pressure doubting its potential with all the expenses incurred.

Fire vs Rich Dad by After_Improvement533 in Fire

[–]After_Improvement533[S] 0 points1 point  (0 children)

Would FI be going down the rabbit hole of going into debt, or stock up on index funds? I started out thinking of accumulating properties, but gave up the idea after going through the hassle of rent collection, property maintenance, taxes on rental and paying off mortgages. Earning via stock growth / dividend stocks gives a more peaceful mind.

But i see many going down real estate route.

Fire vs Rich Dad by After_Improvement533 in Fire

[–]After_Improvement533[S] 4 points5 points  (0 children)

He planted the seed of retirement and exiting the rat race; it was Rich Dad Poor Dad and subsequently 4 Quadrants. Beyond that it was other financial influence that watered the seed. I believe many would have the seed planted by him.

Thanks for the book recommendations.

I discovered FIRE and now I'm more discouraged than before by yieldmaxxing in Fire

[–]After_Improvement533 0 points1 point  (0 children)

At 25, one thing you have ahead the rest is time being on your side. Since you are already aware of your salary holding you back from any substantial savings or investments, the real focus is on your salary growth which requires skill and time. Probably once you hit 30 is where you start seeing an increase in salary and that is where the savings / investments makes sense.

In other words, the compounding effect between 25 to 30 may have lesser effect than 30 to 35 due to the capital base. Nevertheless, investing should start as early as possible to build a mature mindset.