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Reply to "What unique things have you done to get ahead financially? "
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[quote=Anonymous]- I made a pragmatic choice to pick a high paying career that I don’t hate vs following my dreams to have a creative but more uncertain/unstable career. - I support DH through the ups and downs of him being an entrepreneur. This diversifies our family financial profile — I have a high paying stable job with benefits, he has high risk high reward opportunities for us to build generational wealth. He would also be a terrible employee so really there’s no choice… - We saved at least 50% of our cashflow (after retirement contributions) until we reached $5M in liquid investments in our mid 30s. Now we are saving a bit less as we are reaching the higher spending years of balancing kids and careers, but we never touch the liquid investments which continue to grow. This was enabled by me having a high paying job as a young adult, DH having equity wins through his company, and us having kids later in life (requiring IVF). - We GC our own home renovations picking subs that we vet. This can be a ton of work initially but we usually get a high end renovation at 40-60% of the cost of going with a GC. We also make some financially unhelpful decisions for QOL reasons like — - living in a VHCOL city to be closer to family - living in an expensive walkable neighborhood in said VHCOL region - paid for expensive grad school in my 20s that I probably didn’t need - traveling a lot [/quote]
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