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Tag: investment property

December 9, 2019January 26, 2021Daniel Moradian

Buying your first home – Part 2 of 2

Imagine you were in the market for a pair of birkenstocks. Imagine it was your very first pair. Now imagine the salesperson at the store said that they were running a promotion. The salesperson tells you that all first-birkenstock buyers qualify for a 5% discount. Well that sounds pretty appealing doesn’t it? Not really. Because […]

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July 30, 2019January 26, 2021Daniel Moradian

Accumulating assets

One of the best pieces of advice I ever received early in my career was that if I wanted to be wealthy, I needed to focus less on growing my income and more on accumulating assets. In most OECD countries, this is true from both a finance and a tax perspective. Assets grow faster than […]

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Died and came back to life sorry xx
There's another, *super dry* reason it's unwise to assume 4% as anything other than a rule-of-thumb. Sequence risk is the risk that a really unluckily-timed withdrawal damages your portfolio in the long run. For example if the market tanks 50% in one year because of idk ww3 or something, withdrawing 4% will take a bigger chunk out of your portfolio than usual and so in that case you wouldn't be sustainably taking money out of your portfolio
FIRE deserves all caps 🔥
If you had to read just one book, I'd highly recommend "The Little Book of Common Sense Investing" by John Bogle
You mustn't use it to buy GoPros and smartwatches, or whatever it is the cool kids are buying these days
We're an informed and financially savvy generation. We should be the first group of people to "un-normalise" bad debts
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