One of the reasons I blog is that I can throw my sometimes crazy ideas into the world. The feedback I get is invaluable. Lately I got some feedback on having a mortgage, a pile of cash, and the need to refinance my primary mortgage when I buy a rental property. That had me thinking, and as regular readers know by now, I will begin to change my investment allocation and loan payoff from now on.
The Dutch FIRE community has its own little Slack group. In that group I can talk with other bloggers and non-blogging finance junkies about everything finance. A running joke is the hashtag #teamlowcost (freely translated from Dutch). This is usually typed when you’re talking about how you’re paying down your debts. I am not in this team. I’m in team investments. So why on earth did I pay down my student loans?
Lately, I’ve been annoyed with my job for a few days in a row. I’m in consulting, which means my workload can go from zero to pure hell in a matter of days. Sometimes it’s very easy (and boring!) and sometimes I’m stressed to the max. This is why financial independence is so important.
Money lessons can be found in all places. My girlfriend and I love to watch cheeky shows on Netflix. We absolutely loved the classics Friends and How I Met Your Mother. Currently, we’re watching The Big Bang Theory. Today I want to discuss some money lessons we can take from Friends.
A lot is changing in the world of personal finance these days. Stock markets are very volatile, the American Fed and European ECB are lowering interest rates again, and there will be more uncertainty about various economic numbers. I have always said I won’t pay off my mortgage anytime soon, but does that thought still hold?