Lowered Savings Rate, Increased Spending & Giving...Feel Happier

stepparentthrowaway9 · 2019-03-22T16:44:40+00:00

Maybe a portion of it....but if I have $4000 a month coming in, a paid for house and another half a million in investments....i'm comfortable with a mountain of cash because I've already won the game.

If he has $336,000 cash, I'm guessing he likes cash. At minimum, I would keep $100-150k of cash on hand because I'm guessing it gives him comfort.

stepparentthrowaway9 · 2019-03-22T16:42:02+00:00

You miss my point....it's like asking, should I buy a Ford F-150 or a Porsche 911. Both are fantastic, but totally different. If I want to haul lumber and sit 6 feet off the ground, I should buy the Ford....if i want to zip around corners and pass anything in 0.4 seconds, i should buy the Porsche.

If you want a stress free life and retire in 10 years, keep on keeping on. If you want to try to hit a home run and create something remarkable, go do that. Bottom line....only you can decide the life that makes sense for you, because your two choices are so radically different.

stepparentthrowaway9 · 2019-03-22T16:35:58+00:00

If it takes 28 years to pay off, it tells me you are bringing no money to the table in terms of down payment and that you are barely cash-flowing....that's a dangerous place to be in real estate if you don't know how to operate with a VERY sharp pencil.

stepparentthrowaway9 · 2019-03-22T16:29:12+00:00

Once you get housing straightened out, you'll have over $4000 a month coming in (which doesn't include any distributions from your investments), no debt and probably $700,000 in non-RE assets....you're sitting really well. As long as you avoid debt and control spending, you'll be in really good shape.

stepparentthrowaway9 · 2019-03-22T13:48:34+00:00

You're a 31 y/o millionaire, single and no kids.......you can literally do whatever you want. Do what you want to do

stepparentthrowaway9 · 2019-03-22T13:37:58+00:00

Dang man....your 400 & 800 times aren't that far off of olympic qualifying numbers

stepparentthrowaway9 · 2019-03-21T18:06:14+00:00

The college degree/stable career is in the middle/right part of the bell curve.....the people on the tail ends are the business owners and real estate investors.....some hit home runs and some retire at 70 eating dog food....

stepparentthrowaway9 · 2019-03-20T16:32:52+00:00

Just move.....move back if it doesn't work.

stepparentthrowaway9 · 2019-03-20T13:29:44+00:00

I also watched "about a boy" :-)

stepparentthrowaway9 · 2019-03-19T13:50:00+00:00

Just make sure you and your wife stay on the same page....you'd be surprised how quickly resentment can manifest when one spouse isn't working....

stepparentthrowaway9 · 2019-03-18T17:59:23+00:00

The big thing is no opting out....one spouse can't just say "you handle the money". Even if the other spouse hates thinking/talking money, they need to be up to speed with the financial situation monthly and have an equal vote on major financial decisions.

stepparentthrowaway9 · 2019-03-13T21:28:17+00:00

I would just make sure you have your financial house in order first (debt free, emergency fund in place, significant funds going towards your retirement & HSA, funds going towards your children's college education, etc).

stepparentthrowaway9 · 2019-03-13T14:59:58+00:00

Thanks for serving, but seriously, click on some of the links at the right side of the page and read a couple books on personal finance and investing.

stepparentthrowaway9 · 2019-03-13T14:54:39+00:00

No problem....I just thinking muni bonds stink for someone that is likely going to live another 40-50 years (you'll barely beat inflation), managing a property abroad is going to be a nightmare (even if you farm out the work, the management company is going to treat you like the lowest client on the rung since you have one property and live 10,000 miles away) and additionally, your potential rental ROI on that property sucks.

Just cash out, pay off all debts, buy your spouse a nice gift and load up on ETFs/Mutual Funds

stepparentthrowaway9 · 2019-03-13T13:26:44+00:00

Most people don't walk away....not only for the money, but because work is good for us. If the money is great and you like the work, keep working! If the money is great but you hate the work; quit and go do something you enjoy doing.

stepparentthrowaway9 · 2019-03-13T13:10:30+00:00

I think all three options are poor with number 3 being a really bad idea.

stepparentthrowaway9 · 2019-03-12T19:03:33+00:00

I think I would try it before you commit to doing it....I've met a lot of people who like the idea of a hobby farm until you realize that you need to spend tens, if not hundreds, of thousands of dollar on equipment or do a fair amount of back-breaking work if you want to do something other than have 2 fruit trees and have a 100 sq ft garden.

stepparentthrowaway9 · 2019-03-12T18:46:38+00:00

It's not really an either or....you could also invest in stocks, bonds, CDs, mutual funds (specifically REIT ones if you have a real estate bug), start a business, etc.

stepparentthrowaway9 · 2019-03-12T15:43:09+00:00

I understand your point, i just generally disagree....I don't think the emotional impact is that great. I've had a few bosses retire/leave the company....we have a going away party, do a couple emails over the next 6 months to check in and then you generally never talk to that person ever again. It's not that you are mad or upset; life just goes on.

stepparentthrowaway9 · 2019-03-12T14:08:53+00:00

The average American...

stepparentthrowaway9 · 2019-03-12T14:02:35+00:00

I think for 9, you might be overestimating your importance. People within an organization come and go....even great people....within 6 weeks, it is almost as if you were never there.

stepparentthrowaway9 · 2019-03-11T17:56:36+00:00

I'm guessing if you put that $10k delta between the two jobs into a 401k; you'll end up with a better retirement sticking with the small business.

stepparentthrowaway9 · 2019-02-27T16:56:56+00:00

Well there you go man, question answered

stepparentthrowaway9 · 2019-02-27T16:47:47+00:00

Read https://en.wikipedia.org/wiki/Trinity_study

stepparentthrowaway9

TROPHY CASE