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Yes, was pretty stupid not to invest when looking back on it. 15% returns YoY is still decent although could have been much better. Hindsight is 20/20 though.

Actualy i just checked my balances again and my 401k is acutally $95k. But you're right, I had way too much in cash. I put some money to work the past year but I certainly could have gained so much more if i had just dumped everything in to the tech stocks I bought. But instead, they earned a...

I just turned 31 and can say you're on a better track than most. Don't have kids, unless you actually want to. But do NOT do it jus tbeacuse you feel like that's what is expected, bucking to some sort of antiquated societal norm. That'll shave decades off your ER path.

An update on my path to FI: I turned 31 a month ago and am few years wiser I'd like to think :) My Income I received my bonus for the year in early 2017 and it was $50k which makes my yearly income ~$200k. I saved roughly half of that for the year. Markets have also been kind. Total non...

All in the eyes of the beholder. To your low US cost of living point, I raise you with my NYC cost of living where a 1bed is $4k a month, 40+% in income tax, and a glass of wine is $14. I'm sure if a Canadian came to NYC and saw my expenses, they would think the same thing as you. Cheap and...

Funny you say that because my dad always says had he stayed in China (where he's from), he'd be a far richer man. He doesn't regret anything and obviously, who would have had the foresight decades ago to know China would undergo hyper growth. Also I don't think people need a reason to leave...

I don't think he has any charities or outstanding passions he's committed to leaving his money towards. If anything, I suppose it will be left to myself and my sister but neither of us need it (although it would certainly expedite my FIRE haha). I suppose for me, it's a matter of, might as...

We're dual Can-US citizens and I assumed canada would have free healthcare for him if not drastically reduced vs the USA. I'm not too familiar with retirement healthcare in teh US at all but he told me in passing he'd have to pay something like 2k a month for him and my mom for basic coverage...

44%, but that's what owning in NYC will do to you!

So was talking to my dad the other day who is nearing retirement age. Guy has been working for a few decades and never really did anything for himself which undoubtedly stems from his immigrant mentality and coming to the country with $200 in his pocket 35 years ago. Long story short, guy has...

I am your age and my 401k is 100% in equities, 50/50 foreign/domestic. Among the domestic it is mostly in Healthcare+tech etfs. Have about 20k in my Roth only because i couldn't contribute to it anymore since about 5 years ago. All high yielding REITS in that account for the hell of it. Most...

CDs, at least in my neck of the woods are already at 2%+. At the very elast, put your cash in a HY savings account. As for stocks, put them in some boring but safe dividend champions and watch your divis skyrocket and it'll make yourself feel better about FIRE prospects. Trust me on this...

I actually worked abroad in South Africa for a few years, earning below the 101k threshhold. Didn't know about this at the time, which i'm really regretting now as that could have been at minimum, $6.3k a year completely tax free 401k to IRA rollover.

My thought has always been a roth ira is not as useful to me since I have no plans of waiting until 59.5 to access it. I just feel like tax wise, it works out the same. Could be wrong though so please correct me if so. I max out my 401k because I know my post retirement "income" will be...

Ah yes, that makes much more sense. I knew I wasn't smart where somehow I could think of how to game the system when few others have. But ya, I reckon in this case, I will keep my stocks in the high growth low divi yielding (mostly tech stocks) portfolio for the first few years, earn enough...

Thanks! Don't woryr, I have no plans to retire in manhattan haha. I am realistic after all. Plans are to move abroad and travel for awhile. I will take up a job as a dive professional (am a PADI instructor already) if/when I find a place that I like. I'm budgeting about 35k a year, but feasibly...

eyeing 2021 or 2022 for myself :) Goal is to have $1m of net worth 30y old and would LOVE to be done by 35. My numbers: $100k 401k $200k brokerage $10k - Roth IRA (make too much to contribute any more) ~$300k of equity on my manhattan apt (put $200k down, and has increased about $100k...

401k to Roth IRA while living abroad and claiming FEIE Hi all, have been trying to research this subject on the internet but can't find anything specific to my scenario so thought I'd enlist the expert advice of this forum. I'm 30 now and planning on retiring in the next 5 years to pursue the...

Currently my number is around 600-800k in post tax assets. Reckon investing that portfolio in higy yielding dividend stocks should more than cover expenses for me. Will move abroad and be able to live cheaply and travel full time (no desire to come back to the USA full time) on $25-30k a year...

I don't think they're costing you any money. Banks just write off the loss and sell it for pennies to collection agencies. I don't said no moral standards because I wanted actual opinions of what might happen, and did not want your standard "don't do this, it's morally unjust" responses because...

So had a discussion about this topic with some co-workers the other day and wanted to get everyone's views on it. Essentially, we discussed if someone had a large amount of credit card debt (north of $100k) and moved abroad to escape it and never pay it again, what can collection agencies...

Ushuaia, Argentina. furthest south city in the world!

Yes! For the most part, diving is a pretty low paying job and let's just say no one goes into the industry to make the big bucks. But it's all dependent on cost of living. $150k salary sounds like a lot of money, but is it really when you're taxed at 40% and rent is $3000 a month? Same goes with...

I put some money into the markets when the FED announced they weren't hiking last month and have sold most of my gains. Right now I'm about 90% in cash in my taxable accounts as I'm gonna wait and see what will happen this summer with Brexit kicking off all the fun. Haven't touched anything in...

hi everyone! have been thinking and planning for early retirement for a while now and stumbled upon this forum and am loving what I'm reading, if not just for the fact of knowing I'm not crazy and there are other people out in the world like myself. My goal: I'm 29, live in Manhattan, work in...