Christine
Full time employment: Posting here.
- Joined
- Dec 31, 2014
- Messages
- 670
To suddenly be disabled is what I experienced too.
Fortunately I had LTD insurance. And I had started a quite modest FIRE investment account before this happened. I ended up being home alone a lot so boredom and curiosity then had me reading about and listening to podcasts about investing and FIRE.
So a few years later when I got a cash payout from the insurance I knew what I wanted to do and invested some of it in index funds and a larger part in more risky tech stocks like Tesla, Apple, Google etc. Not having kids to care for I opted for more risk than others perhaps would have.
I think this was a case of "Luck is what happens when preparation meets opportunity". And I am fortunate enough that my disability pensions are a small part of my income.
Fortunately I had LTD insurance. And I had started a quite modest FIRE investment account before this happened. I ended up being home alone a lot so boredom and curiosity then had me reading about and listening to podcasts about investing and FIRE.
So a few years later when I got a cash payout from the insurance I knew what I wanted to do and invested some of it in index funds and a larger part in more risky tech stocks like Tesla, Apple, Google etc. Not having kids to care for I opted for more risk than others perhaps would have.
I think this was a case of "Luck is what happens when preparation meets opportunity". And I am fortunate enough that my disability pensions are a small part of my income.