Aussie FIRE | Financial Independence Retire Early 33. FI case study: "Should we buy our dream home?" Plus buying the dip and bonds
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Feb 28, 2025 Listeners dive into a relatable financial dilemma as a Melbourne couple debates whether to buy their dream home or focus on investments. The discussion emphasizes balancing emotions with financial goals, particularly in the context of rising property prices. Bond strategies also come under scrutiny, especially for older investors, revealing their protective role amid risk. Additionally, trading dynamics are explored through a fun game, shedding light on market unpredictability. Ultimately, the hosts encourage thoughtful financial decisions tailored to individual circumstances.
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Prioritize Home Value
- Determine how important the house's value is to your happiness.
- This will significantly influence financial decisions.
Wealth Building vs. Market Timing
- Consistent saving and investing reduces the risk of being priced out of the market.
- Building wealth ensures future affordability, regardless of market fluctuations.
Avoid Preemptive Decisions
- Carefully consider long-term implications before buying.
- Avoid premature decisions driven by market fear, especially with significant life changes approaching.
