Hello!
I am seeking Bogle opinions, perspective, and advice on my preference to use excess income on home capital projects. Am I short-sighted or naive for preferring to spend/invest excess income on home improvements, where there is potential for investment return but most importantly I can enjoy an improved QOL, or should I be allocating this money toward investment accounts for earlier FI?
Assume renovations are sensible and researched, and I love my home and especially the location, although I also acknowledge investment returns very likely would outperform renovation returns. I spend a lot of time at home, hosting and yardwork/gardening, and take great satisfaction in improving my home.
Other facts: I max out my retirement accounts and have no debt other than a 3.5% mortgage on a house in a VHCOL area. Headline facts are Mid-30s, M, divorced but no kids or alimony, IRAs/HSA $500k, Home Equity/Value: $1mn+/$2mn+, $25k cash reserve (and very large HELOC accessible), *no* post-tax investment accounts, own vehicle / other assets outright. The zero for post-tax accounts I realize is strange weighting… I figure once I finish the projects I want, then I will focus on non-retirement investment accounts.
Thank you in advance!
I am seeking Bogle opinions, perspective, and advice on my preference to use excess income on home capital projects. Am I short-sighted or naive for preferring to spend/invest excess income on home improvements, where there is potential for investment return but most importantly I can enjoy an improved QOL, or should I be allocating this money toward investment accounts for earlier FI?
Assume renovations are sensible and researched, and I love my home and especially the location, although I also acknowledge investment returns very likely would outperform renovation returns. I spend a lot of time at home, hosting and yardwork/gardening, and take great satisfaction in improving my home.
Other facts: I max out my retirement accounts and have no debt other than a 3.5% mortgage on a house in a VHCOL area. Headline facts are Mid-30s, M, divorced but no kids or alimony, IRAs/HSA $500k, Home Equity/Value: $1mn+/$2mn+, $25k cash reserve (and very large HELOC accessible), *no* post-tax investment accounts, own vehicle / other assets outright. The zero for post-tax accounts I realize is strange weighting… I figure once I finish the projects I want, then I will focus on non-retirement investment accounts.
Thank you in advance!
Statistics: Posted by Rhodie — Mon Mar 11, 2024 10:45 pm — Replies 0 — Views 96