Adding to this: invest in quality over quantity also helps a lot
Great point about ETF. I'd add that start with the basics and master them
I've been putting off writing an IPS for years. The 2022 experience you described is enough to finally motivate me.
Starting the backdoor Roth process this year after reading this thread. The explanation finally made sense.
Completely agree on the psychological shift from debt freedom to risk tolerance. It changes how you see everything.
Can you elaborate on the HYSA part?
Really useful post. The real estate vs index fund comparison including time cost is the honest version of that debate.
The HSA max-invest-and-ignore strategy is what I tell every person who has access to an HDHP plan.
Following this thread for updates
The envelope system 22% grocery spending reduction is consistent with what I saw in my own experiment.
The fact that real estate returns looked worse than VTI even after accounting for leverage is surprising to most people.
Can we get a FAQ that includes this? Great post
The real estate hours-included comparison is the most honest take on that debate. Landlording is a job.
Great point about tax-free vs tax-deferred. The Roth is most valuable when you expect to be in a higher bracket in retirement.
Your point about the car loan math being 'on the line' at 5.9% is honest. I fall on the pay-it-off side personally.
I've been doing the same HSA max-and-invest strategy for three years. The balance is already meaningful.
The social aspect of spending less is the part nobody wants to talk about. Glad you mentioned it.
Your point about starting with $1,000 before targeting 6 months is excellent framing. The 6-month number paralyzes people.
Create an account to continue.
Adding to this: invest in quality over quantity also helps a lot
Great point about ETF. I'd add that start with the basics and master them
I've been putting off writing an IPS for years. The 2022 experience you described is enough to finally motivate me.
Starting the backdoor Roth process this year after reading this thread. The explanation finally made sense.
Completely agree on the psychological shift from debt freedom to risk tolerance. It changes how you see everything.
Can you elaborate on the HYSA part?
Really useful post. The real estate vs index fund comparison including time cost is the honest version of that debate.
The HSA max-invest-and-ignore strategy is what I tell every person who has access to an HDHP plan.
Following this thread for updates
The envelope system 22% grocery spending reduction is consistent with what I saw in my own experiment.
The fact that real estate returns looked worse than VTI even after accounting for leverage is surprising to most people.
Can we get a FAQ that includes this? Great post
The real estate hours-included comparison is the most honest take on that debate. Landlording is a job.
Great point about tax-free vs tax-deferred. The Roth is most valuable when you expect to be in a higher bracket in retirement.
Your point about the car loan math being 'on the line' at 5.9% is honest. I fall on the pay-it-off side personally.
I've been doing the same HSA max-and-invest strategy for three years. The balance is already meaningful.
The social aspect of spending less is the part nobody wants to talk about. Glad you mentioned it.
Your point about starting with $1,000 before targeting 6 months is excellent framing. The 6-month number paralyzes people.