My friends. I would love your input in the following scenario.
Your in your mid 20s and you have roughly 100k saved up and it's basically all in investments (stocks and crypto).
You are wanting to purchase a house for numerous valid reasons but you also really want to retire in your 40s, if not at 40. However, buying a home in this area would basically wipe out all your savings and you would be starting over building the nest egg.
You have a well paying job of over 100k a year.
Buying the house I almost see as a setback to the retirement goal because your money is no longer working for you. The compound interest you would have been seeing on a six digit number would snowball much quicker than starting over but that seems like a 1 dimensional point of view.
What else is there to take into consideration?
Submitted November 20, 2021 at 03:27AM by RedactedxRedacted https://ift.tt/3CBumiP
