18-year-old kura said she's been financially independent since she moved out of her parents house two years ago. If you save 15 hundred dollars per month in 66 months, which is five and a half years, you'll have a hundred thousand dollars. So i'm taking that statement to mean that you plan on graduating from college in about five and ahalf years. And that squares with what you said at the beginning of your question when you mentioned that you want to buy your first home in about five years from now. I think we all need to find somebody who's that age and go listen to curat.
#399: Bella is SO CLOSE to reaching F.I.R.E and is worried about her withdrawal rate if the stock market drops. If the stock market does drop, can she withdraw as much as she had originally planned?
Sam has been investing for several decades and thinks that he should stay invested in his portfolio, despite the recent drop in value…but he is still wondering if there’s a chance that he should sell.
Meisha is making more money at her new job but can’t contribute to her 401(k) for the first six months - what should she do with her extra money in this interim??
Kyria is a young investor with multiple goals: she’s wondering how to best save for a downpayment without it being eroded by inflation and also whether her investment choices should take on more risk, since time is on her side.
Former financial planner Joe Saul-Sehy and I tackle these four questions in today’s episode.
Enjoy!
P.S. Got a question? Leave it here.
For more information, visit the show notes at https://affordanything.com/episode399
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