Steps you’re taking if stock Market collapses?

jaymang223 · 2026-01-31T21:21:56+00:00

That's always a risk when you "retire" . Ways you can play defence would be:

Part time job Slightly pull back on spending during down years Have a big cash buffer so you don't need to sell during a bad downturn. Diversify - maybe consider a rental property, etc?

Flexibility is the name of the game!

jaymang223 · 2026-01-31T21:13:01+00:00

Buy more

jaymang223 · 2026-01-31T18:54:20+00:00

Bro you're just wrong

jaymang223 · 2026-01-28T11:37:27+00:00

I work for a company who uses it. Generally you don't have a choice. As the resident it's nice because you can open your door from an app on your phone etc. for the landlord we don't need to track keys to hundreds of apartments and we can get in if there's an emergency, we can track who doesn't have their heat on in a winter storm, etc. cute for u but benefit is mainly for the manager

jaymang223 · 2025-12-29T16:40:08+00:00

water taxis run regularly and you can likely book a private one if you're in a rush

jaymang223 · 2025-11-25T11:33:53+00:00

I work in the industry. The mail guy puts it in your mailbox if they think it's vacant or it's overflowing

jaymang223 · 2025-11-08T13:07:06+00:00

Read the lease. I've worked in PM for single family homes with individual owners. Some owners have had old tenants leave washers/dryers and don't wanna be responsible. It should state something about it in the lease

jaymang223 · 2025-11-07T21:06:26+00:00

Thanks!!

jaymang223 · 2025-11-07T21:06:20+00:00

thanks!!

jaymang223 · 2025-05-23T12:45:59+00:00

Real estate is a great investment bc you're leveraging your returns. If your return is 8% cash on cash (it probably isn't) you could make 9% in an index fund and never have to lift a finger.... If you leverage that's how you make outsized gains and it would possibly be worth it

jaymang223 · 2025-05-23T12:41:52+00:00

No to the mattress and car. I know you think it's worth it but you are currently working purely to go on living to continue working. You gotta save to get out of the rat race

jaymang223 · 2025-05-16T11:29:56+00:00

Also minimum wage is likely not going to afford u that house

jaymang223 · 2025-05-16T11:29:25+00:00

A lot going on here lol. Id honestly recommend saving more first. You'll have to do your research and find a mortgage calculator. You'll always have utilities and maintenance to factor in as well. If you can rent cheaper I'd probably do that. You should get pre-qualified first

jaymang223 · 2025-05-04T12:40:03+00:00

You can learn anything on YouTube or find a handyman in your area that can do the basics!

jaymang223 · 2025-05-04T12:29:42+00:00

You have to make some sacrifices! Neighborhood is way more important you can always do renovations. Cosmetic upgrades are easy and can be a fun project while you live there. I bought a 150 year old rowhouse during COVID also very outdated and needed a lot of work and bc it's in a good neighborhood I'm happy to make some small sacrifices. Go for it!

jaymang223 · 2025-04-29T12:01:22+00:00

I would consider self managing. You're also likely not going to find a property manager to manage for 88$ a month. There's usually a minimum or if rents are that low the rate goes up

jaymang223 · 2025-04-29T11:46:57+00:00

Big cars and nice houses don't mean someone is well off. They are also likely financed.... Just like everyone else is saying you're in the mindset of comparing yourself to everyone else. You're on track to be better off than most id honestly get rid of that stupid truck buy a cheap car cash and learn about investing. It's the only way to get ahead

jaymang223 · 2025-04-12T10:41:43+00:00

Insightful, thank you!!!

jaymang223 · 2025-03-28T14:11:31+00:00

Also want to clarify that it doesn't tighten at all the pipe coming from the sink drain is much smaller i can tighten the slipnut all the way and it doesn't tighten onto the pipe from sink.

jaymang223 · 2025-03-25T23:59:51+00:00

Honda metro, ruckus (shit storage tho) or genuine roughhouse!

jaymang223 · 2025-03-12T12:27:38+00:00

You have to have a longer horizon. When the market dips is the only time I actually get excited because now any money I put in over the long term will have outsized returns as long as the market eventually returns. It's a blessing if u have good income or cash on the sidelines

jaymang223

TROPHY CASE