"being laid is my biggest fear " -- Didn't realise young men would have such fears in the first place:)
Jokes apart , being laid off is a legitimate fear and as you said , as long as you have employable skills , an emergency fund and a huge pool of investments , no debt , then you should be fine.
It was interesting to read about the details of your side hustles. Do you have any advice for a 40 year old software middle manager on creating some side hustles ?
It seems quite good. However plan well ahead about kids. They are both a major satisfaction, worries and drain of resources. Depending on your location, expectations of studies for them, and side activities, they can cost much more than expected...
Regarding home, it's normally a good average equity, unless some bad luck or poor picking (area, quality of built...). However, with a bit more thought, you can invest in some low cost index funds and get higher return in the long term. Again depending on location, inflation and interest rates. But normally interest rates don't stay high long, and inflation helps index valuations.
There is an Excel calculator to compare those investments for your particular case.
Anyway, thanks for sharing, all the best and you have a new subscriber 😉
"being laid is my biggest fear " -- Didn't realise young men would have such fears in the first place:)
Jokes apart , being laid off is a legitimate fear and as you said , as long as you have employable skills , an emergency fund and a huge pool of investments , no debt , then you should be fine.
It was interesting to read about the details of your side hustles. Do you have any advice for a 40 year old software middle manager on creating some side hustles ?
Nice plan! Congratulations!
It seems quite good. However plan well ahead about kids. They are both a major satisfaction, worries and drain of resources. Depending on your location, expectations of studies for them, and side activities, they can cost much more than expected...
Regarding home, it's normally a good average equity, unless some bad luck or poor picking (area, quality of built...). However, with a bit more thought, you can invest in some low cost index funds and get higher return in the long term. Again depending on location, inflation and interest rates. But normally interest rates don't stay high long, and inflation helps index valuations.
There is an Excel calculator to compare those investments for your particular case.
Anyway, thanks for sharing, all the best and you have a new subscriber 😉
Francisco