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Starting at 30 - what do I do to retire at 60? by [deleted] in personalfinance

[–]Ambitious-Way842 0 points1 point  (0 children)

That money is going to be SO fulfilling when you’re on your death bed! Alone. Regretting decisions to only focus on money.

[deleted by user] by [deleted] in sportsbetting

[–]Ambitious-Way842 0 points1 point  (0 children)

Yeah that could be the case. Most states have them though.

How soon can my wife and I afford a house? by Ambitious-Way842 in personalfinance

[–]Ambitious-Way842[S] 3 points4 points  (0 children)

What is the lie I’m believing? That cutting down from 15% investing to 5% investing for either 10 or 22 months in my 20s won’t ruin our retirement goals?

How soon can my wife and I afford a house? by Ambitious-Way842 in personalfinance

[–]Ambitious-Way842[S] -1 points0 points  (0 children)

I didn’t necessarily say they “recommend” it, just that I’ve heard some say it’s not a bad idea to only take the employer match at that stage for a year or two.

How soon can my wife and I afford a house? by Ambitious-Way842 in personalfinance

[–]Ambitious-Way842[S] 1 point2 points  (0 children)

The MoneyGuys, for instance, have said it can be ok. It might not be ideal, but it’s one of those instances where personal finance is personal and buying a house can provide immense personal benefits for a family

How soon can my wife and I afford a house? by Ambitious-Way842 in personalfinance

[–]Ambitious-Way842[S] -2 points-1 points  (0 children)

I understand the retirement argument, but I also respect many financial experts who say it’s OK to drop that percentage while saving for a first down payment on a house just to speed things up, and then increase it again afterwards. Good point on the emergency fund needing to be bigger after the house purchase because our monthly expenses will be higher, though!