Financial Independence Would you take a pay cut to work from home doing the same job? If so how much? |
- Would you take a pay cut to work from home doing the same job? If so how much?
- Living off your interest/dividends: what does it look like?
- Work, work, work until you drop dead and die. No retirement.
- Why do most people recommend the Roth?
- Daily FI discussion thread - March 23, 2019
- Charitable Giving Goals & Donor Advised Funds?
- When did "understanding money" really click for you? What experiences or ah-ha moments put you on three track to financial wellness and independence?
- FI is one leg of a three-legged stool
- Did you see Kevin O’Leary’s video on FIRE?
- What kind of car does FI drive?
- Why do people in here invest in real estate?
| Would you take a pay cut to work from home doing the same job? If so how much? Posted: 22 Mar 2019 07:24 PM PDT |
| Living off your interest/dividends: what does it look like? Posted: 23 Mar 2019 02:01 PM PDT I am working on wealth building, but I am a very concrete learner. While I understand the concept of living off of interest without touching principal, I have a hard time visualizing how that looks in practice. I'd like to hear from the FI folks in the sub about what their financial maintenance/routine looks like. How often do you take your disbursements? What types of accounts do they come from? Does it happen automatically or do you move funds manually? What kind of work do you do daily/monthly/yearly to maintain? How many accounts do you keep money in and do you take disbursements from? [link] [comments]  |
| Work, work, work until you drop dead and die. No retirement. Posted: 22 Mar 2019 11:42 PM PDT Work, work, work until you drop dead and die. No retirement. That's what the media is increasingly pushing. Here's 60 Minutes Australia - https://www.youtube.com/watch?v=xy7aqmFTM0g They just want us to slave for them forever. [link] [comments]  |
| Why do most people recommend the Roth? Posted: 22 Mar 2019 08:45 PM PDT Title should more accurately read Some* not most, apologies Please help guide me: (this is from a 401k perspective after reading users recommending a Roth 401k) The Roth accounts get taxed upfront - you pay your taxes on the income you make before it gets invested in your account so you can withdraw it tax free. Standard accounts are tax deferred - you don't pay income taxes on the money invested but you pay taxes when you receive it later. So the intelligent way to structure it would be to pay the taxes on the portion where your taxable income is going to be lower - and for the most part people make less money when they retire so why are you choosing to pay higher taxes now when you can defer taxes and then pay less upon retirement. [This of course only applies to the general retiree who who has lower income post-retirement] Why areRoth accounts being recommended over the traditional when in most cases the traditional product is a better fit for most? *Edit: I wish I could change the title to say some instead of most [link] [comments]  |
| Daily FI discussion thread - March 23, 2019 Posted: 23 Mar 2019 01:08 AM PDT Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! Have a look at the FAQ for this subreddit before posting to see if your question is frequently asked. Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. [link] [comments]  |
| Charitable Giving Goals & Donor Advised Funds? Posted: 23 Mar 2019 05:26 AM PDT Ever considered donor advised funds? You could setup a charitable fund that continues to give in perpetuity after you are gone. Vanguard offers one in the US but I believe there are similar options in the UK, the tax breaks can make your money go further still. It is a long way away for me but I have discussed this with my family as a tax efficient vehicle to contribute to causes that matter to us after we are all gone. Perhaps, index funds and give half the dividends, reinvest the other half to let it grow. What are your plans for charitable giving? Helping those closer to you or fighting for wider issues or nothing at all? [link] [comments]  |
| Posted: 22 Mar 2019 08:16 PM PDT What moment(s) in your life or knowledge did you acquire influence your approach to wealth building? I think one realization I came to was that it would actually be detrimental not to save and invest aggressively given the uncertainty of the future (Edit: don't judge me for the misspelling in the question (should be "the" instead of three"). Unfortunately I can't edit it) [link] [comments]  |
| FI is one leg of a three-legged stool Posted: 23 Mar 2019 01:22 PM PDT Autonomy (#1 below) to be clear.
John Bogle - "Enough" [link] [comments]  |
| Did you see Kevin O’Leary’s video on FIRE? Posted: 23 Mar 2019 03:49 PM PDT |
| What kind of car does FI drive? Posted: 23 Mar 2019 02:57 PM PDT I couldn't find any information about typical FI drive. My car is currently at about 130k miles and I am not sure when my car will last. Should I be starting to save money with a "car fund" on my budget? [link] [comments]  |
| Why do people in here invest in real estate? Posted: 23 Mar 2019 07:44 AM PDT Do you have any opinions why real estate? What is it about real estate that makes so many people flock to it? I would contend there's nothing special about it; adjusting for risk it is no better than any other form of investment, and in many cases, it is much worse. There seems to be an implication with real estate investors here that once you "get" it (finance), then real estate is the place to be - just a foregone conclusion. I would contend the opposite is true: once you really understand finance, real estate is not all that attractive. [link] [comments]  |
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