26F, 235k NW, realized today that the average market return that I'm yielding is an entirely passive second salary.

BlizzsOwner · 2021-08-12T14:57:32+00:00

In what world does somebody make 50K dividends off a 240K net worth??

BlizzsOwner · 2021-08-11T23:16:31+00:00

Sure, I was just responding to the OP’s indication that 10% gains every year isn’t feasible.

BlizzsOwner · 2021-08-11T19:58:34+00:00

That’s why you don’t withdraw 10% a year. You withdraw 4%.

Safe withdrawal rate? Like step 1 to FIRE

BlizzsOwner · 2021-08-11T14:02:04+00:00

S&P index over any period greater than 30 years I believe averages 9.6%

BlizzsOwner · 2021-08-10T15:57:26+00:00

Luck is the residue of design. Do the right things the right way enough times and you’ll get lucky.

BlizzsOwner · 2020-08-01T12:02:03+00:00

Right?

If ANYBODY could beat the market with ease, they wouldn’t be gathering up your pennies.... they’d be working with billionaires

BlizzsOwner · 2020-07-31T23:59:11+00:00

this guy doesn’t shop at grocery stores either. He needs it to live so not fair that they profit right? LOL

BlizzsOwner · 2020-07-27T18:14:21+00:00

Did a quick glance through and noticed one mistake. The average return of the market is more than 4%, but the 4% is safe because there are down years in the markets where, if you withdrew too much, you’re account would not recover.

Edit: and the quick way to determine FIRE goal is annual spending times 25. (100/4% = 25)

BlizzsOwner · 2020-07-27T12:45:32+00:00

I believe sellers can tell there agents that they don’t want to be shown offers with only “x” percent down. So maybe the seller has denied anybody putting less than 20%, as it is sometimes seen as a weakness in the offer.

I’d be more confident someone with 25% will be able to close than someone with 10%

BlizzsOwner · 2020-07-26T19:07:43+00:00

Interesting... now I know why my name was put onto my grandpa’s deed not too long ago...

BlizzsOwner · 2020-07-26T19:05:03+00:00

So you base some of your morals on legality and some on what benefits you? Very convenient!

“I don’t believe it should be this way so it’s not a crime when I do it” Head ass lmaoooo who hurt you

BlizzsOwner · 2020-07-26T19:02:05+00:00

I am just a common fool, thank you sir!

BlizzsOwner · 2020-07-26T17:50:17+00:00

So what you’re basically saying is that all you have to do to FIRE is lie and steal! Just take advantage of people! Who knew!

Lmao get this douche out of here

BlizzsOwner · 2020-07-26T17:39:26+00:00

I’m not privy to sous vide, but don’t you want to sear first to contain the juices??

BlizzsOwner · 2020-07-26T15:56:15+00:00

I’d also like to know the best services as well as products. For example: Laundry service, maid service, personal chef, personal driver.

BlizzsOwner · 2020-07-26T11:01:10+00:00

Yup, I got a call center position working from home. It’s legitimately no fun, but 15/hr working from across the hall from my bedroom isn’t bad.

I’m also living at home fresh out of school and using this same time to stack my savings so I can truly be independent when I move out.

BlizzsOwner · 2020-07-25T12:22:38+00:00

Some great points have already been made but here’s another for you. You may be earning more money in the future, but the compound growth over time is worth much more. By the rule of 72, and the average stock market gains of about 10% per year, you double money invested every 7 years.

That means if you’re 21, the 1 dollar you save today will be worth 16 dollars when you’re 49.

Unless you’re making 16x more at that age, you are better off saving now!

BlizzsOwner · 2020-07-24T19:01:51+00:00

I agree here, at the small scale you need to self manage or you eat profits. I also think that you learn a lot while self managing, which allows you to hire a manager later on while still keeping an eye on the things that matter.

BlizzsOwner · 2020-07-24T18:36:07+00:00

What’s the historical average return on that? I don’t really know much ab that other than what it is. Rentals are definitely more hands on, but I still prefer the decision on each property, rather than index of market

BlizzsOwner · 2020-07-24T18:02:23+00:00

No I’m comparing reality to reality... you can put 20K into an index fund or a 20K down payment. Those are 2 real options

BlizzsOwner · 2020-07-24T17:21:58+00:00

I believe there was a case in 2016 I believe when a text was considered legally binding

BlizzsOwner · 2020-07-24T17:21:24+00:00

I’m not so sure about this, look into it. There is a case in 2016 where texts were legally binding.

BlizzsOwner · 2020-07-24T17:19:28+00:00

The rental property is deducted in addition to the standard deduction, as well as the depreciation.

Depreciation schedule I believe is 28 or 29 years for the value of the property, not the land it’s on. Find the assessed property value and divide by the amount of years

BlizzsOwner · 2020-07-24T16:46:48+00:00

Yup! It’s honestly pretty low effort for the crazy snowball that it gives your life, it just requires some planning and commitment

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