A Chasing Sunsets Fund – A Better Way to Plan Nice-to-Haves in Financial
Independence.
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One of the spending needs that many of you would consider as part of the
income needs for your financial independence (FI) or FIRE, is to have
enough mon...
1 month ago
I agreed with u. Debt free is always good.
ReplyDeleteEven if u got lay off then u got 1 thing less to worry
Actually owning good debt may not be that bad idea. But the key thing is if one can have the holding period to tide over the crisis period of a few years. If one can pay off his mortgage loan easily, I am sure his cash position will be good enough to last through the crisis period. If the holding period is short, then forget about owning a private property. It's risky in the current property peak.
ReplyDeleteI use my cash to do Value Investing and make sure my returns are 2-3 times more than what my mortgage interest is paid to the bank. In this case, I am making money by using bank money.