A Reddit user is grappling with the decision to purchase a $4 million dream home despite having $9 million in assets. Although financially stable, this purchase would tie up 50% of his net worth in real estate, potentially delaying his retirement plans by three years. At 42 years old, he must weigh his desire for an upgraded primary residence against his goal for financial independence, considering his variable income and future financial aspirations.
Buying a dream home is a goal for many - but is it a goal that you should prioritize over financial independence?
The Reddit user explained that he is 42 years old and he has $9 million right now.
In the short term, this would mean that the poster ends up with 50% of his net worth tied up in personal real estate.
In the long term, buying the house would also mean that he would have to push out his retirement by three years.
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