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These are AI trained systems.
Ever since commie dictator Indira Khan came up with land ceiling of 25 ha and stole everything above and gave it to commie who made it idleSame tactic used by Communists in 1917, took the private land of the Kulak farmers and nationalized it--the peasants didn't know how to raise crops and by 1921 while we were fat and happy in the US, the Soviets endured famine. Lenin didn't want to, but he finally relented and accepted food from the Capitalist dogs.
I think most people should retire as early as they can, and throw the results to fate. I also believe that the longevity statistics are heavily weighted towards artificially long lives. So many people croak before the ages that the authorities claim. 14 percent of men never live long enough to collect social security, which can start at 62. They give you a nice bonus in social security if you wait until 70, and that isn't because they think they are losing money on the deal, they know the actuarials favor your dying before you can realize the benefit of the delay.
I too doubt the 4% rule but on the other hand I don’t know how much more I would like to spend.
The 4% rule assumes increases for inflation.
Wait, so I should take out 4% plus 7.8% this year?!? That’s a lot of dough.
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RWSGFY says2 yrs worth of expenses in cash? Insane. Especially now.
Exactly, if you’re living correctly, 3-6 months emergency fund for expenses MAX. By that I mean you’ve paid off your debts, and are paying off your house or it is paid off.
I managed number 5, I think 3 and 4 are out of order. I don't think anyone has any financial freedom as long as they have a huge chunk on a credit card.
Four really should be a nonstarter. As the whole point of 3 is making enough money to have a nest egg, and emergency funds. If you're making money and have the cash in the bank, you really shouldn't buy consumer hard goods on credit cards, unless you're only doing so to rack up the points, and you zero out the balance when you get the bill.
I've known people with $25K in credit card outstanding debt, they are one paycheck away from ruination.
Spent the summer of 78 in Salem SC, I lived in Jacksonville FL, friends of the family took me to SC to spend the Summer in their trailer way way way up in the woods on top of a foothill next to the mountains. I bailed hay, split wood, picked apples, peeled apples, spread them out on clean bed sheets in the sun to dry, tilled soil, worked the garden. Smoked my first Joint(the oldest son, 17 yrs old) Had a Bronco, would go palling around on trails with him and his friends. Lost my virginity to the daughter(13 yrs old) well she kind of raped me by today's standards. I left Jacksonville a little boy, came back a full blown Mountain man.
Love this idea. What do you mean by "remotely convenient to multiple potential employment sources"?
What are examples of good debt?
great article by Logan M like always. without extremely higher inventory, dont expect house prices to fall. But a cool down, sure and see that already.
Bitcoin saysgreat article by Logan M like always. without extremely higher inventory, dont expect house prices to fall. But a cool down, sure and see that already.
a lot of escrows falling apart due to rising rates, this i was told by realtor who wants is to sell asap.
#1 year for boomers turning 65 is this year.
Many are counting on selling that property for their retirement.
If you dont have to sell, why would you give up your locked in rate at 2-3% and lock in a new rate at 5.5%?
We'll see if that results in job losses given we're a service based country.
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