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Work is better when you don’t need the money
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Not looking to do strict FIRE but hoping to buy a 2-bedroom in the next three-ish years (NYC/BOS). What changes would you make immediately if you were in my shoes? Bf and I make a combined $350K.

Does anybody have experience buying/running a hands-off business (e.g. carwash, Laundromat, storage facility)? What was your strategy in finding the one that you eventually purchased?

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I'm doing decent but is there anything else I should be doing? Feels like I'm not doing enough to build wealth.

Age: 30

Income: $125,000/yr + bonus

Assets: ~$3… more

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Me watching the markets the last 2 days.

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likefunny

Help. My mom who is not a green card holder or a US citizen has recently visited a doctor/hospital and received a bill. Is there any financial assistance program she could apply to reduce the payment?

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I've seen some negative comments about dividend investing. I think its a pretty good way as passive income. I am 23 and contribute to my Roth 401k but I've also had my own portfolio since I wa… more

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Best index funds to invest in?

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Tax question for 401k. I don’t clearly understand what “assess whether your tax will be lower now than in retirement.”

Does this mean taxes in general or what? Let’s say I retire with $1m i… more

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I now have the option to contribute to a traditional 401k or a Roth 401k. Which makes more sense to max out with ~$200k income at age 30?

On the one hand, assuming my income will keep incr… more

likesmart

What's your side hustle?
How much money it makes?
How much time you put into it?

Fire away!

likehelpful

In this market is it still smart to VTI and chill or even more conservative? Tbonds? We already did ibonds for this year

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Do any of y’all have a financial advisor? If so, when did you pull the trigger and how did you utilize them?

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Thought experiment:

SWR is now 5.3%

-Standard SWR period is 30 years
-That means if your portfolio did nothing but keep up with inflation, then your SWR is 3.3%
-Real y… more

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Need some advice here, if it's from a tax professional or accountant even better.

My wife was doing a backdoor Roth IRA, she transfered money to her Traditional IRA and instead of trans… more

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Can someone explain the Roth conversion ladder to me like I am idiot? Which is what I am 😎.

HHI over $350k and can’t do backdoor Roth because I have tIRAs…

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100k incoming

Selling a house (primary residence) due to divorce.
Not looking to buy again in the short term (1-2y).
Looking for solid investment advice in this volatile market.… more

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How do I convince my wife not to pay our mortgage early? I think a few right/lucky things with money, including going in part cash last year so I have taken lower losses in the past months. Planning t… more

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Married 🐠: Is it beneficial to file taxes as “Married filling jointly” or “Married filing separately “?

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Fishies 🐟🐠: when doing your monthly savings how much do you put in age restricted funds (401(k)/IRA) vs direct investments (index funds, etc). Given that the goal of FIRE is early retirement I want … more

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My thoughts on the current market.

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What changes (if any) would you make to your life once you reached Coast FI? Mid 30s, no kids. I like my job but the intensity is unsustainable in the long run.

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What would be an impressive net worth for a 23 year old? Not looking for an amount that is ridiculously high, just want to set a reasonable but challenging goal for myself and my net worth for the nex… more

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I’m a terminal manager at a logistics company. I’ve been manager there for 1 year. Before that I have 10 years as a lab analyst in food safety and chemical environments. Still at 70k/yr. Wife works to… more

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Does anyone have the motley fool stock advising subscription? Thoughts/reviews?

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People with multiple kids are probably the ones who are really looking to FIRE but, paradoxically, aren't quite able to due to the pressure of meeting current demands (mostly money, but also time)… more

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I’m switching employers soon and have a 403b from current employer. Does it make more sense to roll over directly into new employer’s 401k or should I convert to IRA then make it a back door Roth? The… more

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Just realized I'm going to be able to max my after-tax 401k this year! Thought I was going to be 8-10k short. Hoping I can continue to do this for many more years!

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My husband and I bought a $400K house in the DMV metro area in April 2021 with a 3.125% interest rate. For family reasons, we’re considering moving to Pennsylvania. With interest rates more than doubl… more

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Does anyone have experience with getting rid of their timeshare? My dad convinced me to go in with him when I was 21…horrible decision I could ever make.

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I'm trying to get a gauge on what people consider HCOL vs MCOL. Would the top 20 on this list by Numero be a safe guideline to go by for stating a city as HCOL?

Side bar, what are your thoughts on those listed in the top 20

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Seeing all the talk about potential layoffs further reinforces my belief in FIRE

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How much should I have saved solely for real estate investments?

I think I want to step my toes in the water by renting an apartment complex and renting it out on AIR BNB.

Has an… more

Went on vacation with a couple friends and they’d actually never heard of FIRE. They both spend a ton of money on things I don’t find worth it (totally fine) but the thing that bugged me was that as t… more

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Is there a definitive guide to cost of living? The obvious cost of living centers (SF, NYC, LA etc.) get covered a lot, but I’m wondering where my city falls. It’s a modest Midwest city with ~100k res… more

Has anyone successfully “ported” their mortgage? Just learned about this and doing some research since rates are so high now. Current rate is 3% and new home will be more expensive, for context.

likesmart

Right now, would you invest in Amazon and Meta ?

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I want to do a couple of asymetric bets... In crypto... What is the best app for fees, ease of use, and transfers to fiat currency?

likefunny

If you were living at home with a paid-off car, how much would you sock away in your emergency fund?

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Do you have a set $ you save every month? I'm 27, I've been tracking spend since 2020 and my $ saved has very strong variances MoM. If we consider 2021 a more "regular" year, I varie… more

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How do I setup financial success for my 3 year old daughter. What would you recommend?

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