Side Hustle
#751
Gets Weekends Off
Joined APC: Jul 2018
Posts: 1,091
I don't think much about the market. Don't day trade. Have a brokerage account but don't use it. I dollar cost average my money into my 401k, max out the 415c limits / personal limits, have two kids' college half-funded through Post-9/11 GI Bill (plus some 529 money) and have one rental house that generates minimal income (principal still being paid down). I'll also have a little mil retirement at 60 and an even smaller civil service retirement at 62.
Anyone care to quantify what I'm missing by not diving into all this stuff you folks are discussing here? I like to learn new hobbies and new skill sets, but this sounds like a time-suck I'd rather not take on. Am I in for major regrets when I retire in 15 or 20 years, or beyond? The very basic retirement calculators tell me I'm "ahead" when mapping current retirement savings vs age (even without considering any pension funds), and my finance guy says he's happy with my trajectory toward "work optional." What do y'all money home-brewers say?
Anyone care to quantify what I'm missing by not diving into all this stuff you folks are discussing here? I like to learn new hobbies and new skill sets, but this sounds like a time-suck I'd rather not take on. Am I in for major regrets when I retire in 15 or 20 years, or beyond? The very basic retirement calculators tell me I'm "ahead" when mapping current retirement savings vs age (even without considering any pension funds), and my finance guy says he's happy with my trajectory toward "work optional." What do y'all money home-brewers say?
But, I don’t want to be screwed come retirement time. I assume that the average Delta pilot makes enough money for this strategy to work, but don’t know that for a fact.
#752
Banned
Joined APC: Jul 2017
Posts: 894
I’m with you. I’m more of a ‘set it and forget it’ type person when it comes to investing. It does not interest me in the least, and I don’t want to learn it. I’m happy to max out all of my tax advantaged accounts and dump excess cash into other investment accounts that are managed by others.
But, I don’t want to be screwed come retirement time. I assume that the average Delta pilot makes enough money for this strategy to work, but don’t know that for a fact.
But, I don’t want to be screwed come retirement time. I assume that the average Delta pilot makes enough money for this strategy to work, but don’t know that for a fact.
#754
I’m with you. I’m more of a ‘set it and forget it’ type person when it comes to investing. It does not interest me in the least, and I don’t want to learn it. I’m happy to max out all of my tax advantaged accounts and dump excess cash into other investment accounts that are managed by others.
But, I don’t want to be screwed come retirement time. I assume that the average Delta pilot makes enough money for this strategy to work, but don’t know that for a fact.
But, I don’t want to be screwed come retirement time. I assume that the average Delta pilot makes enough money for this strategy to work, but don’t know that for a fact.
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#755
I don't think much about the market. Don't day trade. Have a brokerage account but don't use it. I dollar cost average my money into my 401k, max out the 415c limits / personal limits, have two kids' college half-funded through Post-9/11 GI Bill (plus some 529 money) and have one rental house that generates minimal income (principal still being paid down). I'll also have a little mil retirement at 60 and an even smaller civil service retirement at 62.
Anyone care to quantify what I'm missing by not diving into all this stuff you folks are discussing here? I like to learn new hobbies and new skill sets, but this sounds like a time-suck I'd rather not take on. Am I in for major regrets when I retire in 15 or 20 years, or beyond? The very basic retirement calculators tell me I'm "ahead" when mapping current retirement savings vs age (even without considering any pension funds), and my finance guy says he's happy with my trajectory toward "work optional." What do y'all money home-brewers say?
Anyone care to quantify what I'm missing by not diving into all this stuff you folks are discussing here? I like to learn new hobbies and new skill sets, but this sounds like a time-suck I'd rather not take on. Am I in for major regrets when I retire in 15 or 20 years, or beyond? The very basic retirement calculators tell me I'm "ahead" when mapping current retirement savings vs age (even without considering any pension funds), and my finance guy says he's happy with my trajectory toward "work optional." What do y'all money home-brewers say?
You can spend hours if you really want to get into it, but a set it and forget it approach works well for most pilots. I've spent a fair amount of time with options trading, day trading (in fractions), active and passive real estate investing. The stocks/options are more of a hobby that is about to get replaced with GA flying. Real estate management and investing is the Side Hustle that generates income.
In your situation, with a set it and forget it approach a few passive real estate investments could be a good fit. If you are inclined to take on a more active role, adding a few houses over the next couple years could be a good approach. Depending on the amount of capital you are willing to invest outside of stocks, ETFs and mutual funds, you may even consider buying a storage facility, RV park or apartment community.
#756
Bought a new construction home where the builder was also his own agent under an LLC. He essentially paid himself the seller’s 3%. Smart.
#760
I’m sure the paperwork would make it prohibitive but I can’t be the only one on APC who’d buy a bottle or two.
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