I wish I woulda known I needed around 2 million to have “FU” money. I’ve told several employers “FU” with $40-$50 bucks on me. Thanks as always for the great videos👍
I totally agree with you. However to play devils advocate there are some different angles. Firstly in this video there are some assumptions that an index fund will return 10% over the next 30 years. Remember history does not guarantee the future. One only needs to look at Japan to see how the last 30 years of index investing has gone. Secondly there is an assumption that side hustles and jobs will be in abundance for perpetuity. However in the event of a massive global meltdown, which one could argue is unlikely but few would argue is impossible, there may not be an abundance of jobs. Thus a paid off home would be a major blessing. I find myself contemplating this dilemma all the time. I have a nice home in the bay area of California and I have enough money to pay it to zero. I already have 11 doors approximately $6 million worth of real estate. With the California political landscape basically being bonkers i’ve come to expect anything. I’m seriously considering if having my owner occupied paid off is more than just a feel good scenario but potentially a very wise decision. Great video!!!
