To support our ability to FIRE in 7 years, we know that we need to get in there and start investing.
Last month I started off with a bulk purchase of index funds, and bought another small batch with my last pay cheque. But I still paid my share of the expenses.
We decided that I will now invest 100% of my income to our index fund strategy!
While not a huge shift, it’s a start that’s easy to execute and understand.
Ideally, I would like it if we switched and invested Mr. German’s higher income into stocks, while living off of my pay.
But Mr. German is still hesitant of stock investing and likes the security of having lots of cash. This is something I too had to confront within myself, so I’m not trying to push him at all.
We’ll see how things flow organically.
There’s no right answer, just a difference of speeds and comfort levels.
I feel so lucky that this non-‘problem’ is ours. I’m more than happy and excited to be able to invest 100% of my next pay!