is 4% withdrawal reasonable? I thought it should be 3%
And isn't that just for like 30 years or something of a typical old person retirement.
Currently have a bunch in index funds which I was intending to withdraw 3% a year from but now thinking of buying a house instead. I mean, it'll save on rent, so that's still like I'm earning something... It kind of breaks my heart to touch that money though.
The percentages listed are from dividends, not capital appreciation, which is where most of the gains in the stock market come from.
That's not what my (OP) goal is whatsoever. Not even slightly. I live frugally in some sense; I have a modest apartment, drive an okay car, eat whatever I want. But I don't waste my money on stupid shit, or chase trends, or feel the need to constantly upgrade my electronics. I enjoy life very much and FIRE is about maintaining/improving your lifestyle by freeing up your time. It had nothing to do with frugality unless you want it to.
I'm definitely with you, it does become a grind. But I've learned to look at it as more of a game where I am "beating" the traditional job market. I'm (op) only 28 and most of my friends have very little in retirement savings, few assets. They are just now getting out of student loan and auto loan debt. It feels great to know I'm living so comfortably compared to most.
>mfw when I turned 30 and only have 2k in 401k
My job never told me they stopped retirement benefits and now I'm panicking.
>not keeping tracking of your own finances and retirement
>expecting your employer to keep track of your finances for you
Fucking pleb. You will never make it.
>being this retarded
I am not materialistic and just like to train or waste time online. I don't care about stupid ass cars or some big ass home so FIRE works for me. Unfortunately I am not in a good spot.
he's being smart and assuming that he can't keep up that pace forever. That's a smart way to think
Buy a house. Get something that's not expensive but will still have value if you decide to leave it. Tiny houses or a trailer are cheap, but if you have plans to expand a family you'll take a hit.
Cash for a house is better than paying off other stuff (car) because it removes other expenses associated with house financing.
Op.
I have 60k saved up, but ive done pretty lousy in the market..
Any advice?
Trying to make enough to get my parents a house :c
>real estate
I am currently selling some of my rental properties and will use the cap gains to pay off my mortgage. We are overdue for a correction and the rumblings are getting louder. I wouldnt be selling if not for the opportunity to pay off the debt but I'm also haven't bought anything in over 2 years despite looking for deals. If you are planning to buy make sure it cash flows from day one.
think house prices are going down?
Am i the only lunatic selling off income propertie to go all in on BTC when it takes its next step down? I'm in my late 20's but I need more BTC so I never have to work past 40s. Being a balding, fat wage cuck is my worst nightmare.