How much do you know about financial independence?

Posted by: heckler

alternate? (lol)

Ah...not as exciting but I hear you now.

Not having kids is also sometimes not by choice.

I've worked 9 months in Italy and Austria for 2, all expenses paid for both of us, if that helps.  Would've been more challenging to pull off with spawn.

First Retire, then have kids?

https://mrmoneymustache.com/2011/07/01/a-guest-posting-on-frugal-dad/

Posted by: BC_Nuggets

Posted by: heckler

alternate? (lol)

Ah...not as exciting but I hear you now.

I don't drive a Tacoma to Whistler every weekend.

you have to want kids when you are old ?

Surprised to see an article about retiring early as a renter in The Globe and Mail:

Yes, FIRE is inflation-proof. Here’s how not buying a home helps shield you

(non-paywalled link)

And another one, what's going on?

Renting isn’t a sign of financial inadequacy. It can be a strategic choice that leads to substantial wealth accumulation

(non-paywalled)

It makes sense with the prices nowadays...  

otoh, will real estate continue to rise as it has for the past 100 years?  My parents paid $18k for their first SFH 50 years ago.  It looks like we're into a new flat spot for a bit.

https://tradingeconomics.com/canada/average-house-prices#:~:text=Average%20House%20Prices%20in%20Canada%20averaged%20461353.59%20CAD%20from%202005,CAD%20in%20January%20of%202005.

Canadians are used to home owner ship but it isnt a god given right also i think its dissappering

I don't buy that " wasting money on rent " assertion if what you bought isnt worth what you paid and you can' afford the payments, right now there are a lot of people underwater cuz house prices went down & interest rates went high enough the home owner couldn't afford the payments at re-fi , thro in a job move or job loss or divorce ( #1 reason is  money problems) and things are facked

so if you don't buy RE buy/ accumulate other assets

instead of just avocado toast

i've thot about this thread lots (on the john, in the shower) and so what used to work doesnt work anymore

so what else are you ( not me) going to do ?

Posted by: XXX_er

so what else are you ( not me) going to do ?

I've actually switched over to avocado toast on the advice of my nurse practitioner, instead of mayo. Heart health is #1.

Posted by: heckler

Posted by: XXX_er

so what else are you ( not me) going to do ?

I've actually switched over to avocado toast on the advice of my nurse practitioner, instead of mayo. Heart health is #1.

https://en.wikipedia.org/wiki/Avocado_toast

OMG the act of ordering avocado toast at a café was criticized as a symbol of frivolous spending,[1] along with the environmental impact of shipping the fruit from subtropical growing regions. LOL !

Who said anything about a café?

Posted by: heckler

Not having kids is also sometimes not by choice.

I've worked 9 months in Italy and Austria for 2, all expenses paid for both of us, if that helps.  Would've been more challenging to pull off with spawn.

First Retire, then have kids?

https://mrmoneymustache.com/2011/07/01/a-guest-posting-on-frugal-dad/

Finances are low on the list why I chose not to have a kid but definitely a perk! 

That article is pretty optimistic isn't it? Rarely is life so generous. The usual setbacks will add years or decades to such a fantasy, if not push it totally out of reach. Rent alone runs many young people $20k+ annually these days.

Posted by: Madman

Posted by: heckler

Not having kids is also sometimes not by choice.

I've worked 9 months in Italy and Austria for 2, all expenses paid for both of us, if that helps.  Would've been more challenging to pull off with spawn.

First Retire, then have kids?

https://mrmoneymustache.com/2011/07/01/a-guest-posting-on-frugal-dad/

Finances are low on the list why I chose not to have a kid but definitely a perk! 

That article is pretty optimistic isn't it? Rarely is life so generous. The usual setbacks will add years or decades to such a fantasy, if not push it totally out of reach. Rent alone runs many young people $20k+ annually these days.

The basic premise of living below your means and investing your savings is still valid.

I don't think the point of MMM and similar blogs is to follow their exact path. You can take the strategy and apply it at a level that works for your situation. Between retiring at 30 and retiring at 70 there is an entire spectrum of possibilities including dowshifting to part-time work after the kids are born, for example.

The basic premise of living below your means and investing your savings is still valid.

To be fair though it's also valid wether you rent or have a mortgage. Plenty of renters living paycheck to paycheck and plenty of homeowners whose only asset is not their home. And yeah if buying a house means you have zero investment diversity and no savings maybe renting is the better call, and in Vancouver that's often going to be true to the the high price of admission, but I find these articles a little misleading sometimes. One of those articles lists some pretty misleading statistics about how net worth is so disproportionately represented by home ownership, but that's not really because of people's conscious choice to buy vs rent and invest - they just aren't investing and probably wouldn't be if they were renting, either, because that is their mindset. The fact that it's that way is more just incidental.