Need advice: $150k saved up, no debt remaining, thinking about buying an investment property (condo) in a place like Park City. Is this a good idea for FIRE?

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Following. I am thinking of Hawaii.

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There’s another thread almost identical to this in the group recently. Perhaps do a quick look through that advice. Most boiled down to “very volatile, need to be prepared to ride out a couple COVID type years.”

Also a lot of people had the same idea as you, except 6-9 months ago and often as a second home or a permanent relocation. So supply is tight and prices are high.

Related Posts

Anybody know any good financial advisors? My husband and I are broke btw 😂😂😂

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Can anyone shed some light on quant funds please? https://groww.in/mutual-funds/escorts-tax-plan-direct-growth
I am seeing stellar returns and extremely low expense ratios but apparently since they're quantitatively managed algorithms, they don't account for things like corona for example.

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Money Transfer - what's the best way to transfer money from India to the US? I have an NRO/NRE account but the only reservation I have using it is that they don't give a good exchange rate.

Any advice, suggestions and recommendations of other apps that have worked for you? Thanks

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I am going to buy AntShares aka NEO bigly. It has a potential to go to 100$

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I thought the answer is yes but now double checking. Can we write off the interest we pay on our primary residence mortgage?

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Newbie here, can anyone here pls share their trading journey?

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What is with people not knowing how to read signs? We have a huge one that says “NO CASH ALLOWED” and I still get asked almost everyday if we take cash

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Trying to avoid paying an accountant, can I actually write off home office space/mileage if I was just permalancing for 3 months last year? Shouldn’t the 7 months of W2 take care of this 1099 shit?

If you living currently in a home and looking to buy another home but plan to put only 10% on the new home, can I pay the remaining 10% after selling my existing home in 1-2 months .. and get the PMI

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Any inputs on QS stock? I got it at $15 rate, how long will it stretch? Pretty new to shares, how you people decide when to pull back?

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Favourite money saving hacks? Signed, Broke in New York.

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Here’s a point of reference on meme stocks for people who thinks it’s too late to get in or who think it’s close to peaking. Tesla: 948M outstanding shares; market cap: $837B. GameStop: 69.75M; market cap: $5.36B.

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Pro tip: live close to poorer people to feel rich. The feelings of wealth are extremely subjective and is mainly based on comparison

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Do you guys think the Bay is a good city to retire in? I want to buy my parents a house closer to me but not sure if I want to move them here but it's either that or I leave

Anyone trade stocks on the side? Not at a day trading level, but not buy-and-hold either...more like aim to hold 5-10 stocks at a time for 1-2 months and earn a decent short-term profit (10-15%).

Needs some ideas for scenario planning optimizations! Currently have a model to predict conversions given media spend, I can adjust spend up and down to create different budget scenarios and send to model to get respective conversions. Thoughts?

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Can someone please explain the process of selling a home when you have an Islamic loan? Since it’s profit sharing i don’t fully own the home right? So if i sell it i can’t take full profits since i don’t own it outright. I’m considering Islamic financing but have so many questions about it. Can you take an equity line? Can you write off mortgage interest?

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Amex Platinum Users - How does “no preset spending limit” get reported to the credit bureaus? Just got approved and 6 months ago my credit was around 580 so this is a huge achievement for me, but I’m also obsessed with maintaining my credit score now. Google has not been helpful; too many answers are no answer. Thank you!

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Phone and Internet bills reimbursement claim in Grey HR. With this claim are we getting Income tax exemption or reimbursement of cost. Can someone clarify it.

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Which service(s) do you use and can recommend to send money to India?

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How long do pre-employment background checks usually take? Mine so far five business days passed but it feels like forever

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Let’s finish this up strong! What are your year-end self development plans?!
We have our last session of the year of our group/guest financial education cycles at our Downtown Toronto office this Saturday. We go through our first financial education session that we talk about basic to higher level of financial information; from saving, investing, risks and returns, registered accounts, etc. There is no cost and no obligation. If you are interested to attend in-person or via Zoom, let me know.

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A VP told me that if I don't like our new WFH policy that I should find another firm.

Maybe I should, that's okay, but the fact that his response to my concern (2.5 hour commute both ways, not what I agreed to when I was hired) was just "find another firm" really rubs me the wrong way.

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Hey Guys, I am a data science associate at ZS. Let me know if anyone wants a referral in any of the below profiles. 😊

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When does Natwest initiate employee onboarding after background verification?

Does it happen in the last week before joining?

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I am planning to buy a car. Is there any corporate discount at Citi (CSIPL) for that ?

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Can H1B approved under consular processing but yet to be activated be transferred to another employer and can the new employer apply for transfer and change of status?

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Georgia is an ugly font and makes workpapers look awful.

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I’m a firm believer that a manager should develop a positive relationship with employees, but I don’t want that to be an invitation to disrespect my authority. How do you know where to draw the line to make this distinction clear?

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In Vegas. Anyone know any good promoters?

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Heading to Buenos Aires and Montevideo tomorrow. Will be in each city for 1 week. Are credit cards widely accepted or do I need to exchange cash before I go. Thanks!

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How is Avanade’s manufacturing & supply chain ERP consulting practice?

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Is anyone here knows about wipro ehs/sustainability practice? What are the pros and cons?

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I am a Sales Executive with over 16 years over experience with FedEx. During the Pandemic I took a risk and moved to a different industry. Unfortunately my new company was greatly impacted by the pandemic and on Thursday I lost my job due to downsizing.
I have a great track record of success and sales awards in every position I have held. I also have an MBA.
If anyone knows of any opportunities I would be grateful for the support!

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How's it like at Anomaly?

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So here in CA there is a lot of talk about certain jurisdictions doing virtual jury trials. As a firm we won’t agree to it and if push comes to shove we’ll take it up on. Writ. What is everyone else’s opinion?

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Copywriter, 30/M/NYC/5 year’s exp. Currently at 90k. In-house at major global brand. Hoping to ask for raise/promo soon. What’s a realistic number?

I am looking to product management from program management, any recommendations on books to read, courses etc

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Hi All, I am looking for job change and my Last working day is on 15th july. Let me know if any relevant openings for ETL/DWH testing in wipro. Experience: 3.7years .Location :Pune

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Additional Posts in FIRE Financial Independence Retire Early

I consolidated grad loans in ‘15, kept federal separate from private (w SoFi @6.75%). Can I refinance w SoFi or w Earnest? Should I combine the federal and lose the protections for better %?

I’ve been reading a lot of FIRE books lately and want somewhere to discuss. What are the biggest takeaways from your FIRE journey/ research?

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What’s your FIRE target age (where you no longer maintain a salary job)?

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What are some aggressive ways to control your spending? I tried a little but of everything(paying myself first, only debit cards,cash) but seems like i have the urge to spend and i do so. Any tips?

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Does anyone know the answer to this? - My first mortgage statement was generated on 11/2 with a due date of 12/1 and includes a month of interest based on the balance on 11/2. I made a principle only payment on 11/14 of $500 which was applied right away. Will the interest automatically recalc to reflect a lower outstanding balance for a portion of the month? I plan to do this every month.

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I have mostly passive investments. I was thinking the other day: what if everyone had only passive investments? Wouldn’t this create incredibly high amount of systemic risk? Are we all sheep??

TC New grad Software Engineer
Base: $110k
Sign-On: $35k
RSU: $120k/3years
Relocation: $20k

Starting fresh with virtually $0 savings and $0 worth of financial literacy, whats the best course of action? any advice is greatly appreciated!

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Anyone have any good realtors in the Greenville SC area who know the VA loan?

Is anyone else worried about an upcoming market crash, similar to the dot com bubble?

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Option 1: margin loan based on brokerage account assets, Option 2: home equity loan on a paid off property. Looking to use the cheap debt to DCA invest in the market over the next few months. Have reasonable risk appetite, thoughts on one vs another?

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Anyone start later in life? About to turn 32 and my retirement savings are sad.

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Anybody using Marcus high yield savings? 1.9%APY seems like a no brainer, just want to be sure I’m not missing anything.

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Investing beginner here. How did you learn? Any resources that I could read/watch would be helpful. Thanks

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Goodness. Why are sofas so expensive? I’m saving for one but looks like every company outdid each other on pricing not in a good way

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Any good ideas to keep your day job and start a business that allows for enough freedom to take taxable income from 350k to 0?

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Need an opinion on the Vanguard VIGAX/VIGIX. I’m index riding with that fund but am wondering if I should shift my risk and go with VT or another Vanguard fund. Thoughts?

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How much have you saved from refinancing your student loan?

What’s better the S&P or a total stock market index fund?

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Are we on recession? My portfolio is super down - low cost ETF investor here

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