4 ms·
Sure as long as nothing ever goes wrong, like an accident leaving you with a disability, a change in employment, a chronically terminally ill family member, thi
by buscoquadnary 4y ago
Sure as long as nothing ever goes wrong, like an accident leaving you with a disability, a change in employment, a chronically terminally ill family member, things like that never happen to anyone though, well they happen to other people, just not me.
- cinntaile 4y agoThings go wrong, sure. But at the same time you can't plan your life according to worst case scenario's, you won't get anywhere that way. Have some contingency plans, no need to overdo it.
- awinder 4y agoThese are all pretty much problems on a short horizon and only if you compromise emergency savings to finance your rental property, which isn’t a great idea. Once you’ve established rental income and a few years of paying on loan this situation flips and your income stream becomes an asset in these situations. Also purchase disability insurance, there’s no reason to excessively worry about a tail risk that is very affordable to protect against. If you’ve got second house money you had disability insurance money a while ago.