![]() All of my tax-advantaged accounts (401k, 529, Roth IRA, etc.) are all 100% invested in low-cost index funds. It takes a bit more work, but it will leave you in a much better position to retire with passive income and higher net worth than the traditional FIRE method.īelow, I’ll show you the numbers on how putting your money and energy into single-family rental houses can leave you in a stronger position to FIRE earlier or FIRE fatter than if you just use index funds.īefore I get the hate mail, let me be clear that I LOVE low-cost index funds. ![]() I’m still very interested in building wealth and achieving FIRE (I’m 41 and looking to be ready to pull the plug by 45), but I have an alternative way of doing so that I believe makes life more enjoyable and is easier to do for a traditional family. Not only have I significantly increased my income and reduced my expenses by working overseas, but I get to travel and see parts of the world that most never do (Africa, Asia, South America, etc.). Although I still love to travel and still live overseas, I do so working for a company and stay in one place for four or five years before moving somewhere else. Eventually, however, I settled down, got married, started a family, and took on the traditional responsibilities of adulthood.īeing a nomad (digital or otherwise) with children is no longer appealing. More power to them! When I was young, I wanted to be a nomad (before there were digital nomads), and so I joined the Peace Corps and lived in Africa. What about paying for college for my kids? What about travel and other things that we love? This path is usually followed by young adults seeking a different path, no family, little responsibility. I’m all for early retirement, but do I really want to try to live on $40,000 per year to do it?
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