/biz/ - Business & Finance

This is not financial advice.

Im about your age, about your pay (but work less hours quite comfortably). My rent is ~15% of income for reasons. I saw i had some space in budget, so i took out literally as much loans as i could. During lows, put everything into market, have low insertions for quite big piles of GME and BBBY. If you dont like those picks, get something else, that is besides the point.

Inflation eats up easily 50% of the credit cost of these loans.

My worst case is, if everything blows up and my investments are turned into ashes, i will have to be a renter for 10 years to get rid of my debt. But where i live, most middleclass are renters. So my worst prospect is having a net life standard like most others.

My best prospects... well i dont know, and i dont care for speculation, however i have a shot at what i want: just a relatively modest house, some lebensraum, in countryside, with no debt and not having to wagecuck all my life. I will ride my investments until i have that ($1-1.5m is more than enough), or until i have nothing.

This is not financial advice. One shouldnt easily think "i have nothing to loose". But i, personally, am comfortable with the ratio of worstcase-bestcase and the balance of plausibilities.

I based this on the most basic assumption that previous generations could do a very linear path, when a decent job and saving could get you a house. Middle class life was just a matter of being born middle class, and working five years. Now, they are blowing up the middle class and what is left is being one or another variant of a) more or less glorified wagie-renter - (to this i add the category of homeowners, who own homes but have loans for >50% of its value, they will slave for banks better part of their life )or b) homeowner that is not debtslave and not wagie. The likelyhood of people getting into position-b is decreasing every year. I couldnt become position-b myself without exotic methods. This is what i did. Youre not alone.