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It mostly depends on where you are at now

Posted on: July 26, 2017 at 10:58:26 CT

meatiger MU

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and what are the upsides and downsides and the risks of a housing and/or market crash.

Having a good base of equity/cash is a good thing if he is for sure going to fully retire in 10 years...if he is fine possibly waiting 15 years if we have a crash between now and then..you can take more risk.

I prefer to have the base and then go hog wild on the extra. My goal is to be completely debt free by 50 when I will have two houses completely paid for. At that point all of my excess money beyond what I put out for retirement can be fully invested in the market, but if that fails, I can still retire at 55-60 with the base.

Please explain why this message is being reported.

REPLY

MESSAGE THREAD

90Tiger, here's your 10 step plan: - phrejd MU

- 7/26 10:41:34

1. we are having open house this sunday, too late to - 90Tiger MU - 7/26 11:02:24

yeah now's probably a fine time to sell if things are ready(nm) - phrejd MU

- 7/26 11:17:39

Don't be walking around in your spandex biker gear - MidMoBaller4Life MU - 7/26 11:04:07

RE: Don't be walking around in your spandex biker gear - colonel angus beef KC - 7/26 11:05:58

I already made this suggestion without all the steps(nm) - hefeweizen MU

- 7/26 10:54:25

but you're poor so nobody listens to your advice (nm) - phrejd MU

- 7/26 10:54:59

I am? dammit. I missed out on all the free **** - hefeweizen MU

- 7/26 10:55:12

Probably the most helpful post I've ever seen (nm) - Cosmo MU

- 7/26 10:49:41

**** everything (nm) - lqf2b8 MU

- 7/26 11:38:30

lq is not going to like this (nm) - TigerwTLP MU

- 7/26 10:52:07

That's why phrejd is up there with tkb as the most helpful - kmawv8 MU - 7/26 10:51:59

only on certain subjects. usually my advice to the shack is - phrejd MU

- 7/26 10:53:46

i spend a lot of time thinking about this stuff. - phrejd MU

- 7/26 10:51:00

If you take out a hefty life insurance policy on your wife - TheWildcat STL - 7/26 10:59:17

or a 4x6 cell - meatiger MU - 7/26 11:08:43

lol those crime stories are always funny - MidMoBaller4Life MU - 7/26 11:02:58

i've watched enough dateline episodes to know that - phrejd MU

- 7/26 11:01:14

You so smart (nm) - TheWildcat STL - 7/26 10:46:38

Totally disagree with 4 and 5 - meatiger MU - 7/26 10:45:31

nobody is stopping you from being wrong. - phrejd MU

- 7/26 10:49:52

It mostly depends on where you are at now - meatiger MU - 7/26 10:58:26

you and i are closer on this than you may realize. - phrejd MU

- 7/26 11:12:41

I think we are - meatiger MU - 7/26 11:17:22

yeah my ideal timeline has my house paid off and kids out - phrejd MU

- 7/26 11:23:47

Where did I say put cash under the pillow - meatiger MU - 7/26 10:53:02

i'm joking. my only point there is that the growth would - phrejd MU

- 7/26 10:57:28

RE: i'm joking. my only point there is that the growth would - meatiger MU - 7/26 11:01:26

Especially when it's equity in a housing market that is high - kmawv8 MU - 7/26 10:58:44

he said equity under your pillow. - kmawv8 MU - 7/26 10:56:02

Problem: I see y'all as 70 years old in this scenario. - Evenflow MU - 7/26 10:52:58

no. i plan to be on the beach at 55, if not sooner. (nm) - phrejd MU

- 7/26 10:54:33

I plan to work until I'm dead. - Evenflow MU - 7/26 10:55:58

**** that. i don't even like to work now. i've developed an - phrejd MU

- 7/26 10:59:07

I'll say it again - Eggs MU - 7/26 11:00:24

well then you'll want to stay tuned for my next episode: - phrejd MU

- 7/26 11:25:17

and fyi those 10% and 4% rates were annual, not compounded - phrejd MU

- 7/26 10:52:45

^^^ this guy carries around a white envelope (nm) - kmawv8 MU - 7/26 10:46:40

I'd skip right to ten and just wing it on the rest. (nm) - Evenflow MU - 7/26 10:44:25

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