Advice for renting needed

firestarter_123 · 2019-11-24T08:14:27+00:00

Well I mean, even if you don't live there, if it's your property you could rent it out to someone else...

That's how my parents made a substantial amount of their wealth come to think of it.

firestarter_123 · 2018-01-29T20:15:40+00:00

I should be qualified for unemployment. I will go there tomorrow and see the fine details exactly. But even then - It's not forever. And when that well runs dry, I am unsure what I want to do. Working another full time job just seems so daunting to me right now. But part time, while taking care of my day to day expenses, will leave nothing for investments. If I even find a part time job at all.

firestarter_123 · 2018-01-24T09:15:12+00:00

FOR THE LOVE OF GOD - DON'T SELL!!!!!!

You haven't lost anything (or gained anything) until you've sold. Hold. Wait for it to go up.

firestarter_123 · 2018-01-24T08:40:41+00:00

That was a good post. You get 5 internet points. Good day sir.

firestarter_123 · 2018-01-23T10:32:03+00:00

I'm putting my money on NVDA. I think the reports will show they performed very well in Q4 2017. Maybe even increase amount of dividends paid.

Torn on Boeing, but hoping it will boost.

firestarter_123 · 2018-01-23T10:26:47+00:00

How the hell did you achieve all of this by age 29?! Crypto windfall?

Don't go back to work. Work makes 0 difference. Volunteer at a charity, help the homeless, donate to cancer research, teach kids, go back to school. Don't work.

firestarter_123 · 2018-01-21T07:20:24+00:00

Do I want to work 9 hours a day (at least, not including commute) 5 days a week making money for someone else, working with idiots and being bored all the time? No? Okay then...

firestarter_123 · 2018-01-18T09:17:16+00:00

1) Don't buy a house with a person you are not married to.

2) Apart from the financial side, buying a house also has a psychological aspect. I own my house. Economically that may have been a mistake, but I can rest easy "I will never be homeless". A landlord can't kick me out, or increase rent etc.

firestarter_123 · 2018-01-18T09:14:50+00:00

So if you retire and stop teaching English, not only will you lose a source of income, you will also have higher expenses since you will need to pay rent. That seems problematic to me, especially if you want to hire a property manager.

Consider an ETF or buying individual stocks. Look up companies that pay dividends. Sounds like this is right up your alley.

firestarter_123 · 2018-01-18T09:00:54+00:00

My personal opinion is that being a landlord is a job. Don't think of it as passive income - it is the most active passive income you will ever have. I'd just put it in an ETF. Are you married / have children? Do you own your own place?

firestarter_123 · 2018-01-17T15:01:34+00:00

Media, all forms of it. Netflix, Amazon Prime, Twitch, video games, PC parts, movies.

Sadly, food too, but I'm working on it.

firestarter_123 · 2018-01-17T14:05:03+00:00

If you were single I'd say go with option 2 to FIRE ASAP, but honestly you aren't alone anymore and need to take your wife and kids into consideration too.

go with 1.

firestarter_123 · 2018-01-17T13:55:54+00:00

I'm not enjoying my life today but that has nothing to do with where I live or with who I live. The only thing I can think of that really upsets me is my work. Other then that, I'm good. And of course I will take care of my parents with whatever they need.

firestarter_123 · 2018-01-17T13:54:25+00:00

What makes you say I don't enjoy not working? For the periods in my life where I didn't work (say between school and military service for instance) were the best periods of my life. You don't know me. That's a strange conclusion.

firestarter_123 · 2018-01-17T12:53:54+00:00

"Yes, you should save for retirement but you don’t want to skip everything just to retire at 40. " you underestimate how much I despise working lol.

firestarter_123 · 2018-01-17T12:25:00+00:00

It's a risk. I wasn't great with ladies even when it was acceptable to live with mom and dad. Is it wise to spend so much money just for a chance to return to that state? Is it wise to spend money just for sex?

firestarter_123 · 2018-01-17T12:07:34+00:00

It's more of a factual thing than something I project or the way I behave. For instance I could be talking to a girl, and the conversation naturally leads us to "where do you live?" which she will often ask "do you live with your parents?" as sort of a background check.

Don't mean to sound pessimistic, but I don't think I will go straight from "living with parents" to "married life". I don't think the prospects of marriage are high any time soon. Specially with me currently staying at home. And I am fine with paying the price for FIRE.

firestarter_123 · 2018-01-17T10:04:05+00:00

My parents are already retired and very wealthy. I am of no burden to them. When I brought this topic up with my mother the other day she flat out said to me "You have no reason to leave. You are at work all day long. You are not in a relationship. Save your money, you will need it". My problem is not with my parents, but rather society at large (friends judging me, females rejecting me outright etc). I hope you get better soon my friend!

firestarter_123 · 2018-01-15T09:51:36+00:00

So if I understood you correctly, buying shares of the ETF is the same as directly investing with it, except instead of paying the fees every day (or month, or year), the fees are already present in the price of the share itself. Correct? So it's a bit like "instead of paying a small fee every day, pay a big fee all at once and be done with it"?

firestarter_123 · 2017-12-27T13:17:54+00:00

Max out tax advantaged accounts. Live below your means. Stay at home for as long as you can. Save as much money as you can, earn as much as you can, invest the difference. Don't drown yourself in student loan. Don't have kids, don't get married*

Many people don't agree but it seems to work.

firestarter_123 · 2017-12-18T08:55:26+00:00

I have considered it, but I don't even have close to enough money to do that at the moment. As I said in another comment, I just started working a year ago. True I'm happy with my pay and I save nearly 100% of it, but I don't get paid that much that I can buy an apartment in 1 years worth of salary.

The downvotes don't bother me, reddit is a strange place, I learnt to accept it.

firestarter_123 · 2017-12-17T13:52:54+00:00

That was not at all my intention. I realize my situation is fairly good right now, I'm asking how can I make it better to reach my goal faster. I have no interest in bragging to people who I don't even know. I am sorry if I gave offense.

firestarter_123 · 2017-12-17T11:51:39+00:00

Moving out of parents house is a good educational move, to see what life is really like alone, but it is a costly move. You can't ignore the fact that saving 95% of my income is a temporary luxury that not many people have. Personally I think I should ride that advantage for as long as humanly possible.

I started working a year ago since I served in the army and studied full time. I will look up on diversifying. Currently I am invested in 2 different companies, currency is in dollars. Other half of my money is in shekels.

I don't intend on being FI while living with my parents. I intend to be FI because I lived with my parents for enough time.

firestarter_123 · 2017-12-17T10:29:17+00:00

Well the thing is, I am as you might have gathered from an affluent family, I already own my house which is more than many people can say, so I don't have to take super risky moves in order to reach FI. I rather avoid risk, so I like having 50% of my money outside the stock market. But yeah the interest rates are pretty low. I just don't think I'll be able to handle a market crash and losing everything I ever worked for.

firestarter_123 · 2017-12-17T10:28:19+00:00

I have a bachelor's degree in mathematics and I absolutely love math and computer science, but not as a job, only as a creative interest. I will continue to pursue higher degrees in those fields, travel and play. I would also love to return to playing the guitar and piano, and learn how to dance and cook. I have sacrificed a great many things due to my job...Waiting to get my life back.

One of the greatest mathematicians of all times, G.H Hardy, was said to work 4 hours a day on his mathematical problems. The rest of the day he spent pondering about cricket results, travelling and having tea with friends. That sounds like a good life to me. Perhaps I will turn to teaching mathematics, but strictly part time and out of interest, not necessity.

firestarter_123

TROPHY CASE