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Awesome! Congrats on being FI. I’m super jealous. This resell lifestyle is like a super power. I was a spender for so many years. Buying to resell quenched my buying appetite and the rush of selling is addicting. Now I want very little for myself and my wife. We don’t watch TV and don’t get consumed by marketing. Simple living is happy living.
Good to meet you.Jay,
We were on a path to have about $900.0. 4% would cover our living expenses. Our plan would be to move to a low cost area when we leave our jobs.
The latest volatility in the market puts that into question.
In my opinion, the stock market has been overpriced for 4+ years. We have about 68% of our wealth in the market (not including the house)
This correction/recession?/depression? will be the best thing for investors. We have been putting less in the market for 2 years and have been holding cash waiting for a drop like we are experiencing. The way the world recovers from the virus will be very impactful to our corporate job timeline.
If anyone is a casual investor in the market (401k, 403B, IRA, SepIRA, taxable account) please consider increasing your contribution rates now. “Be fearful when others are greedy and be greedy when others are fearful”. Not investment advise, just my opinion. I buy things when they are on sale, not when they are full price.
