Hi everyone,
I have been lurking quite a while on here, but this is finally my first post:
I am a 25 yr old with my eyes set on FIRE tentatively in my late 30's...I purchased my first home in the fall(with my girl friend) and find myself having a tough time deciding on my FI investing strategy. We are financially capable of paying off the mortgage in 5 years while still sacking away a combined 16-20k per yr towards our respective 401k plans.
I am by no means ignorant to equity markets and their potential for high returns but am becoming somewhat risk adverse in the current market conditions- though I did snagg a healthy chunk of aapl in 100's.
So with that backgound - Im looking for ideas to better my $$ position in the coming 10 years... paying down the mortgage so come my 30th birhday I reduce"roof over my head" expenses to property taxes, potentially pursuing more real estate investments - or should I be loading up on the more traditional diversified equity funds? I am honestly not so concerned about maxxing my 401k due simply to the fact that I have a good 40 hrs for that to be compounding away before I will be chewing in to it.
Essentially with what I have told you all - what is some advice for FIRE or semi FIRE in my 30's..
Btw- me and the old lady have fairly to very stable careers.
Thanks to all of you from who I have been so inspired!!
I have been lurking quite a while on here, but this is finally my first post:
I am a 25 yr old with my eyes set on FIRE tentatively in my late 30's...I purchased my first home in the fall(with my girl friend) and find myself having a tough time deciding on my FI investing strategy. We are financially capable of paying off the mortgage in 5 years while still sacking away a combined 16-20k per yr towards our respective 401k plans.
I am by no means ignorant to equity markets and their potential for high returns but am becoming somewhat risk adverse in the current market conditions- though I did snagg a healthy chunk of aapl in 100's.
So with that backgound - Im looking for ideas to better my $$ position in the coming 10 years... paying down the mortgage so come my 30th birhday I reduce"roof over my head" expenses to property taxes, potentially pursuing more real estate investments - or should I be loading up on the more traditional diversified equity funds? I am honestly not so concerned about maxxing my 401k due simply to the fact that I have a good 40 hrs for that to be compounding away before I will be chewing in to it.
Essentially with what I have told you all - what is some advice for FIRE or semi FIRE in my 30's..
Btw- me and the old lady have fairly to very stable careers.
Thanks to all of you from who I have been so inspired!!