3 ms·
Some nits to pick (well a few of these are bigger than nits, to be honest): The gains available via #1.2 are probably not all that significant, depending on yo
by asdfasgasdgasdg 6y ago
Some nits to pick (well a few of these are bigger than nits, to be honest):
The gains available via #1.2 are probably not all that significant, depending on your household income. Maybe you can eke out $1000 in bulk purchase savings per year, but probably not even that much. Regarding TP, buy a bidet for $20 on Amazon instead, and spend insignificant money on toilet paper for the indefinite future. This is actually a great example of how this advice could be substituted for a better one: find ways to consume less that don't hurt your wellbeing.
#1.3 is fine, but the graph is misleading because it uses far too optimistic a rate of return -- at least twice as good as you can expect to get in the market after you factor in inflation.
The point about giving gifts in #2.1.1 is incorrect, as far as I'm aware. Actually gifts are normally not a good investment, because most times people don't get that much out of them. Maybe you have a friend that really loves receiving gifts, but even then, this shouldn't be a significant fraction of your annual spend. Economists have done research on this subject, and gift giving is pretty inefficient on average.
Likewise, travel is great, but it is not automatically on the list of things you should spend on. It depends on how you value it. I see no reason to believe that travel falls into the category of things that "make you better." It's a conspicuous consumption good, at least the way most people do it.
#3 The term for this is tax avoidance, not legal tax evasion.
#4 It's good to see you are divesting of the riskier aspects of your portfolio, because these positions are nonsensical. For most investors, it's probably best to stick only with whole market ETFs. Tech sector has been doing great for the last twenty years, but there is a lot of regulatory risk for the sector currently. Past performance is not necessarily indicative of future performance.