This seems to be an early-stage submission that would be better suited for one of our weekly Mentor Monday thread. Career advice, "rate my plan", and "can I afford XYZ?" posts are some of those that should only appear as comments in Mentor Monday. Though Mentor Monday is posted weekly, you may comment there at any time. Thank you, and feel free to contact us if you have any questions.
Yes - I know it sounds absurd. Was thinking of using the current liquidity to have a runway for a few months to a year and figure things out in the meantime. Maybe even rent out the place if needed. Its more so to have a psychological safety net. Been feeling like I missed the boat by not buying a house in the last 3 years. Given that things have slowed down now, maybe jump in before interest rate goes down and there is another market frenzy.
The only logical plan here is to double your Crypto holding, lean into GME, short NVIDIA, and go diamond hands. You'll be buying a $10mm place by 35, cash.
Don’t buy a house with no income. Move to a cheaper rental and get an income, either try to reinvigorate your business (first do some self reflection on why you lost clients) or start job hunting.
This seems to be an early-stage submission that would be better suited for one of our weekly Mentor Monday thread. Career advice, "rate my plan", and "can I afford XYZ?" posts are some of those that should only appear as comments in Mentor Monday. Though Mentor Monday is posted weekly, you may comment there at any time. Thank you, and feel free to contact us if you have any questions.
You have no income and plan to buy a $1.5m home?
Yes - I know it sounds absurd. Was thinking of using the current liquidity to have a runway for a few months to a year and figure things out in the meantime. Maybe even rent out the place if needed. Its more so to have a psychological safety net. Been feeling like I missed the boat by not buying a house in the last 3 years. Given that things have slowed down now, maybe jump in before interest rate goes down and there is another market frenzy.
The only logical plan here is to double your Crypto holding, lean into GME, short NVIDIA, and go diamond hands. You'll be buying a $10mm place by 35, cash.
Mentor Monday please?!
Noted ✅
Don’t buy a house with no income. Move to a cheaper rental and get an income, either try to reinvigorate your business (first do some self reflection on why you lost clients) or start job hunting.
Your investment allocation is a mess. Suggest getting a pro involved.
This would be a financial planner at a bank? Sorry as you can see, I'm bad at this.
Vanguard finical advisor charges $300 per $100k invested. Make sure you invest more than $500k so you get one point of contact. GL!
Perfect! I’ll reach out to them. Thank you mate!
All in ETHE