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VTSAX and Chill. Or is it?
By Side Hustle Rich  •  September 29, 2020
I’m gonna play devil’s advocate today. And you may not like it. A lot of the FIRE folks, and I do mean A LOT, even the non US ones, like to present their FIRE strategy essentially as Earn More, Spend Less, Invest the rest in VTSAX and chill. And if you were to backtest that approach over probably the last 40 to 50 years, that’s been a solid solid strategy. But as we all know, past performance does not guarantee future results. What if we’re at the precipice of something big? Something… irreversible? I think America has had a huge advantage, given that their currency, the USD is acting as the global reserve currency. But, can we take that for granted, that the USD will ALWAYS remain the world’s reserve currency? The US is in serious, serious debt, and the dollar is only propped up because the world currently demands...
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By Side Hustle Rich
I’m Richard, creator of SideHustleRich. I created this site to journal my experiments, experiences and thoughts on working up multiple streams of income, in an attempt to achieve financial independence. I’m a happily married man and a father to two young boys. I don’t believe in working until i’m 65, maybe enjoy 5 years of retirement before starting to ache all over from basically growing old and tired.
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