I feel like everybody thinks this is so hard, except for 's mam. It still doesn't get more conservative on your time line. Why wouldn't you spend the 15 minutes longer to make it more conservative when you need it to be more conservative? Screw the target date fund. Take the 15 minutes and do it yourself. If you're a finance nerd, target date funds are not for you. But if you want the simple path, i say go at the route that's going to reduce friction. You'd rather walk around them all. Which, by the way, also drives me crazy. I was just in las vegas, and i'm at the forum shops at ca
#390: We start this episode with two anonymous callers who have opposite problems: one says her bills are too high, while the other is worried that she’s saving too much.
Anonymous (“Izzy”) saves A LOT. She wants to relax about her spending more, and start including more joy into her life. How should she approach the next 10 or 20 years, so that she can enjoy her financial security?
A different anonymous caller (“Starlight”) has the opposite problem: her expenses are mounting. Her bills make her uncomfortable. She wants to shake up her investments so that she can tap her assets in order to make her payments. Ideally, she’d also like to buy a house in Europe within the next 10 years. How should she do this?
John liked the episode with Bill Bengen, where we discussed the 4% rule. However, he questions whether that rule should really be applied to the FIRE community.
Steve is a landlord who needs his property to cash flow, but doesn’t like to raise rents. What should he do?
Do you have a question on business, money, trade-offs, financial independence strategies, travel, or investing? Leave it here and we’ll answer them in a future episode.
Enjoy!
For more information, visit the show notes at https://affordanything.com/episode390
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