Economic Concerns Explored
Scott expresses concerns about high stock valuations, low bond yields, and rising inflation, questioning the appropriateness of the 3% rule in the current economic climate. A discussion unfolds on reaching financial milestones, with the suggestion to reduce housing expenses as a potential strategy for acceleration. Ultimately, the idea of enjoying life while working is favored over sacrificing comfort for financial freedom.In this clip
From this podcast
BiggerPockets Money Podcast
Using Geographic Arbitrage to Invest for Your Future Faster
Related Questions
How much should I be spending on housing costs?
The only thing I think I can do is to reduce the housing expense. So to move in with roommates, and then that would save about $600 per month. So that’s 7600 per year. But I think that’s all I could do to boost it.
Do you think that there's anything you can do to accelerate that meaningfully, or do you think that's just kind of like, let's play that game, and that's a great outcome?