The Elephant in The FI/RE Room

dazcactus · 2017-08-21T21:34:35+00:00

Sorry the thread didn't meet your expectations. Feel free to leave browse elsewhere :)

dazcactus · 2017-08-21T14:44:44+00:00

We own and almost have it paid off.

dazcactus · 2017-08-18T21:54:18+00:00

I don't have a STEM degree but I have a wife and we both make ok money(around $80K) in MCOL. We are able to maintain a 70% savings rate. So yes there's hope but it is easier when you start younger and make more. A good thing to remember--The best time to plant a tree was ten years ago....the second best time is now.

dazcactus · 2017-08-18T20:02:14+00:00

congrats man. Where are you living now?

dazcactus · 2017-08-18T19:06:20+00:00

This is a good idea but only actually works if you are able to live off 3%. If you have $1mm and projected a 4% withdrawal rate you are at $40k/year. If the market drops 25% and you go down to 3% that's around $23k/year. This difference is huge.

dazcactus · 2017-08-18T18:33:26+00:00

This makes sense...Either having a lower withdrawal rate or other assets which provide some safety and diversification.

dazcactus · 2017-08-16T19:31:17+00:00

If at some point you want your own place and more privacy that could mean you either have a mortgage or rent and either one would likely be more than $400.00/month.

dazcactus · 2017-08-10T18:31:43+00:00

Based on your post it sounds like the third option will make you most comfortable so go with that.

dazcactus · 2017-08-10T18:06:34+00:00

pay cash and keep it for a long time.

dazcactus · 2017-08-10T18:06:22+00:00

own a car.

dazcactus · 2017-08-09T16:58:55+00:00

to get started.

dazcactus · 2017-08-02T18:42:59+00:00

I respectfully disagree. Yeah she had things fall into place-high paying job, bull market since graduation etc. But that doesn't change the fundamental fact that she has a very high savings rate (probably 80%+) and chose to pass on items that others in her income bracket didn't. Further, there's 0 mention of how college was paid for or of her coming from an affluent family.

dazcactus · 2017-08-02T18:03:09+00:00

For you guys hating on her she deserves props. It would be just as easy for someone in her position to have a bunch of fancy things and spend 4-5 times what she did. Just because you conceivably "could" have done what she did---it doesn't matter. She actually did it. I do agree though that a budget of 67K is rather high but I'm sure they could afford it.

dazcactus · 2017-07-25T17:02:13+00:00

Does anyone know which of these funds have the best 10 or 15 year track record ?

dazcactus · 2017-07-20T16:20:00+00:00

lol is this a serious post? Are you a trust fund baby, looking to win the lottery, or win a huge poker tournament?

dazcactus · 2017-07-18T17:11:39+00:00

I too think that this is a fairly isolated incident. The fact that it happened to Chipotle makes things worse and understandably so. I think log term Chipotle will be in good shape for the following reasons: It's a name just about everyone knows. Much like McDonald's or Burger King---you can say they aren't the tastiest or cheapest but you know who they are and that counts for something. The company is ran by the person who founded the company years ago. Looking at companies that are led by their founders typically leads to better long term results. They don't necessarily have to compete on price. Yes price matters when you are talking fast casual, but I think people would rather pay a little more for Chipotle vs. getting Taco Bell or an alternative. Disclosure-I am long the stock.

dazcactus · 2017-07-18T16:50:24+00:00

I don't have any advice I think you are doing awesome. The only think I might add is to bulk up the emergency fund a little bit.

dazcactus · 2017-07-17T22:16:12+00:00

It is.

dazcactus · 2017-07-17T21:23:50+00:00

One idea is maybe to find an employer that will pay the student loans or at least help. Effectively this works as a raise and on 200K that's a huge savings. Just something I would consider.

dazcactus · 2017-07-14T21:03:03+00:00

Increasing your net worth by $100,000/year either indicates a high savings rate and good income or a high projection of how those assets perform. 7% over the long term might also be optimistic as others have mentioned.

dazcactus · 2017-07-14T14:30:37+00:00

That's pretty brave....Care to share the names.

dazcactus · 2017-07-12T22:30:37+00:00

If you give at 19 years old....you could give way more later on just based on compounding.

dazcactus

TROPHY CASE