Dividends are awesome, I'm going to stuff my Roth IRA with dividend stocks. But they're great even outside of a Roth because if you're in the 15% tax bracket or below, the tax on qualified dividends and long-term capital gains is... 0
I wish I'd been around in the days when you could get ridiculously high rates on Treasury bonds. From Clark Howard's
website:
My wife bought Series I bonds at their peak interest rates and she's earning 8.2% on her savings bonds today.
If I ever see a situation like that recur in my investing life, no matter what other investments are doing, I'll jump all over it.
I hear ya. The shitty part for me is that I actually
could. I'm on the fence about selling it. If it weren't paid off, I definitely would. I still might.
Elvis wrote:Thanks for the OP. I hadn't heard of Mr. Money Moustache before, but I read several of his articles and I like what he's saying (and doing).
The philosophy makes a lot of sense, it sounds like you're doing most if it already. I wish I'd grown up knowing it was "okay" to live like that. I've sleepwalked into so many bad habits.
He does have affiliate links in some articles, but he's not trying to hide the fact that he makes money from the website. The whole website is about how making money is good.
semper occultus wrote:.....on a personal level one of the issues ( aside from the monthly bank payment ) keeping me on the treadmill is I just think I'd get bored & socially isolated wthout a job tbh.....much as I examine this assumption every Monday morning when the alarm goes off...
I hear ya, sometimes I think the same. I'm willing to risk it though... I could always go back to work.
semper occultus wrote:..depends what alternative you're giving up of course but strikes me you'd be living one step from penury...is your nest egg there to provide the income revenue stream or to be available for big ticket capital outgoings and unforseen events...( ntm forseeable ones like ending up geriatric ) .....it can't do both indefinielty ...unless your relying on never ending growth in equitiy markets & the continuation of the entire edifice that whole ball of wax is predicated on.....
I know what you mean. At first I thought it would involve penury but it really hasn't (yet).
The nest egg is there to provide income indefinitely, in MMM's model. (Unforseen events would come from a separate emergency fund.) His investing advice I think is... optimistic. I definitely won't be investing 100% in equities. Although he does say that retirement doesn't mean you never work again, it just means you have the freedom to choose what you do and are working because you want to. For me, financial independence is much more important than early retirement. I don't trust the stock market either
Anyway here's a link to some Boglehead criticism of MMM:
https://www.bogleheads.org/forum/viewtopic.php?f=10&t=136322semper occultus wrote:these ideas make alot more sense on a communal level - partly because of the social aspect & much greater ability to attain a level of self sufficiency, range of useful skills & general resilience to exogenous knocks that fate dishes out....
Exactly. And self sufficiency is also the best way to help others. It takes a position of strength to be able to help someone else.
