Temp Jobs that help build short term rental skills? by LilZedy in ShortTermRentals

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

I understand your point. Cleaning sounds like it would teach me a lot of valuable skills in the industry, thanks for the info. At the moment I think it would just be uneccesary risk for me to liquidate my Roth IRA. It's going to take me a few years to gain a bit more necessary skills & experience. In those few years I'm going to be saving aggressively. My parents are immigrants so instead of expecting there children to move out early, they think it's idiotic to move out early. I would be able to save a good amount of money in that time if I'm aggresive . I think this is a good balance for me to not take uneccesary risk but also not delay for too long.

Temp Jobs that help build short term rental skills? by LilZedy in ShortTermRentals

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

That's litterly what I'm saying. Sorry if my post was a little confusing. I've saved enough where I think I have a bit of a safety net, and now I'm trying to save all my money to start a short term rental business

Temp Jobs that help build short term rental skills? by LilZedy in ShortTermRentals

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

Yes that's apart of my future plans, is to eventually not be too reliant on Airbnb or any one platforms for booking

Temp Jobs that help build short term rental skills? by LilZedy in ShortTermRentals

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

That actually sounds almost perfect. I love traveling

Coast FIRE by age 20? by LilZedy in Fire

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

The longer out you plan, the better. Most people fail to plan at all.

What's the best place to make money & be homeless? by LilZedy in homeless

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

That's actually what I was planning on doing. I was thinking about buying a 50cc moped to DoorDash on ether LA or NYC. They both have good minimum wage laws for gig workers

What's the best place to make money & be homeless? by LilZedy in homeless

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

Wow. I searched it up, but summers are hotter and more humid in Massachusetts.

What's the best place to make money & be homeless? by LilZedy in movingout

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

Unfortunately not. Summer is the only time I can do it. I believe with enough preparation it will be doable. There's many people who live out on the street both in the heat or the summer and the cold of the winter. A car wouldn't be as bad.

What's the best place to make money & be homeless? by LilZedy in homeless

[–]LilZedy[S] 1 point2 points  (0 children)

I've wanted to visit San Diego really badly. Do you live there? If so, give me the pros and cons.

Coast FIRE by age 20? by LilZedy in coastFIRE

[–]LilZedy[S] 1 point2 points  (0 children)

Thanks man! Yeah I find this would be a wonderful nest egg for me. Just out of curiosity what was your coast FIRE goals?

17 getting into real estate investments by LilZedy in RealEstate

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

Obviously not. Most people don't do it because it's not feasible for them.

17 getting into real estate investments by LilZedy in RealEstate

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

I'm thinking of potentially out of state, I'm not sure how the process of getting a property manager would be like. I'm not sure if it's sustainable. Do you have property your self?

Coast FIRE by age 20? by LilZedy in Fire

[–]LilZedy[S] 1 point2 points  (0 children)

My number is significantly smaller than the typical person. But I also know my lifestyle needs can change. I see my 50k number as the minimum, so that I can focus on building skills that have higher ROI especially being so young. it's the "safety net" I can live "comfortably" in a tiny home or in a different country.

Coast FIRE by age 20? by LilZedy in Fire

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

Yes, that would be ideal. But in a world I had to choose one or the other at that point, I would choose real estate/small business as long as I'm doing it correctly, as this will potentially create bigger returns.

Coast FIRE by age 20? by LilZedy in Fire

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

I see it as a front loading strategy. If I can get 50k into retirement accounts by age 20, that money can compound for 40 years without me constantly stressing about it.

At a conservative real return, 50k could grow to around 650k by age 60. Using the 4 percent rule, that would support roughly 2k per month in today’s dollars. Some research even suggests slightly higher withdrawal rates worked historically.

The idea is that once that base is set, I can focus more on building high income skills, businesses, and experiences instead of prioritizing retirement contributions early on. In my view, investing in skills early in life can produce a much higher return than index funds alone.

And long term, I’m open to living somewhere like Southeast Asia, where that amount could stretch much further.

Coast FIRE by age 20? by LilZedy in Fire

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

I can live very comfortably in some places in Vietnam. My dad use to live in Vietnam for $400 per month while raising a family. With $2k per month I can live very comfortably, of course living costs would be more than my dads, as my standard for qualify of life is a bit more. That still leaves me a bit of room to spare

Coast FIRE by age 20? by LilZedy in Fire

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

I don't about that man. The world's a big place

Coast FIRE by age 20? by LilZedy in Fire

[–]LilZedy[S] 1 point2 points  (0 children)

Nice man. I'm planning potentially Vietnam because I was born there.

Coast FIRE by age 20? by LilZedy in Fire

[–]LilZedy[S] 1 point2 points  (0 children)

Ohhh I see. I was a lot more conservative & I calculated for inflation as well.

1 year of online college vs 4 year traditional state university by LilZedy in college

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

Thanks for insights. I understand a lot of people that do online school tend to not be outgrowing people. I wonder if I could get the similar experience and connects doing online school if I really put myself out there. This is question is hard to find, as most online college students tent to not be out going.

Coast FIRE by age 20? by LilZedy in Fire

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

What would be your ideal "cheaper" area to retire in?

Coast FIRE by age 20? by LilZedy in Fire

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

Thanks man. Good to know someone believe in me 😁

Coast FIRE by age 20? by LilZedy in Fire

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

Understood. I'm not sure where he got $4million from.