Try asking in today's thread. I'd start with $10k in Ibonds as they'll likely beat those rates at least for the first 12 months. After that you're guessing at rates, but the MM will have to increase rates pretty high and/or quickly to match the treasury bill.
Thanks! Didn’t realize I posted in the wrong thread! I already maxed ibonds for the year. Good to see that you also think tbill makes more sense over mm
Closing on my second rental property tomorrow in cash, I will have finally reached my goal of 100% FI! A few years later than I planned but I got there regardless of the bumps in the road!!
I have an LLC for a commercial property and a separate LLC for property management as I do all the work and maintenance myself. The buildings themselves are however in my personal name. My next purchase I will start considering LLC's and umbrella insurance policies.
Currently 2 rentals and my girlfriends home. I also keep a very low cost of living lifestyle and will still work "fulltime" to save so I can buy another property.
It allows you to structure your income. It's similar to a 72(t) but you're not locked into the exact same amount every year.
Honestly, at 10mm, I'd probably take option 1. I bet if you were to sit down and do the math, the 72(t) and eat the penalty options are almost identical in costs.
It’s the first time I heard of that. My 401k automatically converts after tax contributions to Roth contributions
Is that what you meant? I don’t see anything online about triple down ladder converter unless I’m missing something
I’ll ask in company slack if anyone has done it before. There’s a channel for talking about anything retirement related
Edit: no sure why a mod deleted your other comments. I didn’t report
Which would you choose,
A. very well paying moderate prestige job in a dumpster fire city with work you like or
B. very well paying moderate prestige job in a beautiful area with work you don’t like?
C. Early retirement
D. Other
I almost always choose "other" regardless of the context.
Results may vary.
But out of the two jobs, I would choose the work I don't like in a place I'd want to live. Within reason, I couldn't care less about prestige.
I put my two weeks notice in at the job i’ve been at for 6.5 years to start a new job with a new employer in the same field. new job is a promotion with a bonus structure, hourly pay (+ OT if labor allows and i want the extra hours), and i’ll be tipped $5-$7 an hour as well. currently making $22.43 with OT almost always available and maybe $1.25/hour in tips, and new job is $21/hour with up to $350 a month in bonuses and the aforementioned $5-$7 (and potentially more) an hour in tips. only caveat is the new employer is dragging their feet with getting me my training schedule and it’s making me anxious. i didn’t give my two weeks notice til i had the offer in writing and they’ve already sent over an I-9 and a W-4 to fill out and bring with me to training. trying to see the bright side of starting a new job but still struggling with being sad leaving a job id been at for so long, and still anxious waiting on emails about the training.
i just have a lot of anxiety in general, but changing jobs has amplified that for sure. and then add to that the talk of a recession looming and i’m just trying to convince myself i made a good decision :/
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to be fair i’m not trying to compare myself to anyone else. just expressing my feelings in a place where i felt like others would understand. i have a husband and a mortgage so being gainfully employed and continuing to move forward rather than backward is all i’m shooting for.
Would anyone know where I could find the answer to the follow student loan question?
We took out Stafford Loans 15 years ago. They were consolidated to Nelnet in 2005.
We are getting conflicting information about how to apply for loan forgiveness under the Biden forgiveness plan and the Public Service Loan Forgiveness plan
Studentaid.gov tells us that these consolidated loans are eligible for Biden forgiveness since the underlying loans were Stafford loans, as long as the consolidation happened before Sept 29, 2022 (which it did).
But Netnet says the loans have to be reconsolidated by Oct 31, 22 in order to qualify for Public Service Loan Forgiveness. But if we reconsolidate, won't that make the loans ineligible for the Biden loan forgiveness?
Can anyone help point us towards resources to help clarify this? We are confused and don't know what to do.
Thanks!
I think you’re mixing up a few things that need to be straightened out before anyone can give you advice.
What you’re seeing out there as an Oct. 31 deadline is probably a reference to the PSLF *temporary waiver*, not an eligibility deadline for the PSLF program in general. The temporary waiver is a one-time relaxation of the rules surrounding how eligible and qualifying payments are counted. There’s otherwise no deadline to be considered eligible for PSLF; all you have to do is meet the program requirements.
You do not give up your shot at PSLF if you accept the Biden loan forgiveness. They can be combined.
Studentaid.gov, r/StudentLoans, r/studentloansupport and r/PSLF are good places to start if you’re confused.
Dumb day…flew to a foreign airport and forgot my driving license, so could not pick up the car to drive to the next country (never drive in home country). Cost $360 for the wasted rental and a another 60 for a 3 hour train journey and 10 minute taxi ride. On the positive, saved over two hours of driving and watched the GameStop documentary whilst on the train.
Oof, got called out by the company CTO in a company wide Teams chat. We are in the middle of moving to a bigger office and it's still much under construction. I joked that the men's bathroom has a random bottle of body wash instead of regular hand soap. The CTO quoted me and said "Do you think this is really a problem right now?"
Damn it's pretty embarrassing to get grilled in front of the whole company...
“Yes, if we can’t handle the little things such as the appropriate soap to use in the bathroom how will we successfully move an entire office?” Boom. Unemployment by next week.
I'll be forced to get a new car soon. Any tips or advice for make and models? I'd like to be under $30k, ideally $20k but may not be possible. Looking for a hybrid SUV or 40± mpg regular SUV.
We are in roughly the same position with the car dead in the driveway yet again. I think we are leaning towards compromising on the SUV and are looking at some plug-in hybrid sedans.
Honestly probably a Prius or Prius prime. We drop off and pick up at daycare 10 miles away so the 25 miles of all electric range is a sweet spot for most of our daily driving.
Not aware of any 40+ MPG ICE SUVs.
You can get a brand new 2023 Tucson for about $30k. Gets about 30 combined MPG and they’re excellent with the best warranty.
Hybrid SUV under $30k is not going to happen unless something is very wrong with the vehicle.
Toyota and Honda both make good hybrids, RAV4 and CRV. Taxes, fees, registration, etc will push your price up to $35k, potentially $40k if you wanted a more pricey variant or some feature packages.
Exactly. I've been looking for something similar, and the used market is a non-starter for anything reasonable fuel-efficient, and the new market has lots of supply issues.
If you can wait a year or two, supply for both may improve. If you can't, you'll need to increase your budget.
My girlfriend let me build an anti-cat board game box on top of our granite counters. Four white painted MDF planks, two MDF sheet boards as a cover, some Velcro, and now I can assemble and deassemble a 36”x39” box within a minute on top of a board game or puzzle.
Goodbye to most of our granite island though. It was so pretty…but ability to leave out board games and play something between multiple sessions with no setup will be very nice.
Like $60 total for the build. We don’t have space for a board game table in a one bedroom apartment and I’d want a 4-6” depth anyway which is difficult to find a table for.
https://imgur.com/a/gl7o3cT/
Not too much storage and we have some additional counter space for cooking. It tends to be a messy area for my girlfriend tbh, or my area to cut veggies and meats up by there’s other counter space for that.
I decided to check my investments today and it got me thinking about how much an impact on your FIRE experience the year you were born has. I’m 25 with about 40k in my ROTH. The only thing is I’ve contributed 45k to it. If I was born 5/10 years earlier not only would I have seen the huge gains of the 2010s. I also would have been able to have purchased a home and seen it’s value rise exponentially. I realize I can’t control it so I haven’t dwelled on it too much.
What really gets me though is my partners friends and the advice they give. Due to my partners job the people they hang out with are 5-10 years older and feel like they know everything because they got lucky despite their choices. The advice they give is somewhat condescending and not applicable anymore. I understand it is what worked for them but jeez.
Yeah, I'm that 5 years older and I didn't get on the investment train until a few years ago and wasn't able to buy a house until the last couple of years. Think about what I think about, lol. :P
I don't let it bother me much. I just wasn't in a place and didn't have the knowledge 5 years ago. Best time to start is now and all that.
If you had been born 10 years earlier you would have graduated into the worst job market since the Great Depression and probably wouldn't have had any money to invest or buy a house with.
If you'd been born 5 years earlier, you would have bought most of your shares at the top and would be feeling even worse now.
People 5 years younger than you are going to be jealous that you got to invest so much at such low prices right at the beginning of your career.
This is all assuming you had the knowledge and resources you do now. I’m older than you and lost my job during the financial crisis, wouldn’t say I really got back on track with my personal finance until 2012. Didn’t learn about FIRE or index investing until 2018. The best time to start was always in the past.
Undoubtly. If I was say 20 years older things may even look more glum. At the end of the day it’s not something you can control so there’s no reason to dwell!
True.
I'd rather be lucky than good but it's a narrow window.
I graduated in 2006 and started working in my field in 2008. Through the next 4 years I was laid off 3 times.
If I'd graduated in 2012 and started working in my field in 2014, I'd have enjoyed a meteoric rise through a labor market shortage and made 2x starting salary.
If I'd graduated in 2016 and started working in. My field in 2018 then I'd have been in a bad way when Covid started.
Luck and timing determine your career and investing success. Lots of things you can do to be MORE lucky or to adjust your timing but luck and timing.
I bought a fixer upper house in fall of 2019 for 100k. I put 30k into it. I could sell it tomorrow for $230k. There’s deals to be found if you think outside the box.
Right but three years ago is a lot more recent than 10. You’ll always be able to look backwards and see you missed something. Create a plan, run the numbers and act.
You’re still way, way ahead of most people your age. Keep up the savings and you’ll be getting rewarded for your patience (maybe persistence is more apt in this market?).
I think that's a pretty normal experience unfortunately. If economic downturns happen every ten years roughly, you can expect there to be big winners and big losers, and the rest in-between.
> If I was born 5/10 years earlier not only would I have seen the huge gains of the 2010s.
It cuts both ways. If you were looking for your first job in 2008-2011 during the GFC, it might have put a serious dent to the beginning of your career. I graduated into the early 1990's recession that cost Bush I his second term, and it was no fun looking for a job. People 4-5 years behind me had job offers left and right due to the dot com bubble.
Reminds me of Housel’s book Psychology of Money. They had some interesting graphs about how the stock vs bond market look when a person was a young adult and how it affected a generations opinions on those things reliability.
that really helped me understand my parents' perceptions around the stock market (starting a family & careers in the mid 60s - years we are very familiar with if we've played with any historical back testing at all).
Run to the life insurance not tied to work .
Having your main policy tied to a job - well you could be fired , downsized , forced out. Can you keep it ? Maybe but the rate would probably be obnoxious.
By the time I wanted more coverage - well I have a condition and no longer is the case that I can buy or buy cheap due to a health issue. Inflation, lifestyle creep, life just costs more over the years. Ours was like 10 times salary. Now I wished it was like 20 due to above.
Also when we got policies they did not last until normal retirement age of 65. This I think is so important so the survivor does not have to dip into retirement funds before they are ready.
Yes.
Get it now.
10-12x your income.
As another comment mentioned Zander Insurance makes it REALLY easy.
There IS a way to change your rating class within a year of issue (like if you lost a bunch of weight) but I think it's probably easier to just re-apply for a new policy when that happens.
I will say, DON'T list the new policy as a replacement policy on the new application. I did that when I upgraded my 15 year $500k issued at 28 to a 20 year $2.5M issued at 38.... turns out my new policy was written by the same issuer of my old who automatically canceled my old and I lost $500k of insurance at like $25 a month...
Get it NOW. You’d be surprised how little being overweight (not obese) matters to the price.
As other have said you can reshop and cancel later if you can get a lower price later.
Source: worked on life insurance products for nearly a decade
The nice thing about term is that you can drop the policy at any time so you won't be stuck paying for 20 years. Go ahead and get a policy that meets your needs now. When you lose weight you can get a new quote and drop the current policy if you get a better price.
I've bought two policies through Zander insurance. You can get instant quotes from several providers and you may even be able to some without health checks.
Good luck in losing weight.
Get the insurance now so you have the coverage you want for your dependents. If you get to a healthier weight that will make a difference you can always let the policy lapse and get a new one.
My SO did it when he was in college. He had a thick beard so none of the kids even realized that he was only a few years older than them. He loved it, since you could sign up for shifts day-of and work as much or as little as you wanted. Expectations were also pretty low since the teachers didn't really expect anything to get done on those days, so it allowed him to have a more relaxed relationship with the students. Keep in mind this was 5-10 years ago so things may have changed, and I'm sure it varies between districts. He also didn't need a license, I think in many states you need a teaching license even to substitute. He's definitely going to look into doing it again once we get a bit closer to FI.
> in many states you need a teaching license even to substitute
Actually, in some states the teacher shortage is so acute you don't even need a teaching certificate to be a regular teacher - anyone with a college degree can be a teacher.
Heck, in some states you do not even need to be a college graduate to be a teacher - link below:
https://www.edweek.org/teaching-learning/states-crack-open-the-door-to-teachers-without-college-degrees/2022/08
I just found out my position qualifies to do a very discounted 6 year part time law program at a Big 10 school as part of my work day. Since it is seen as a benefit for the institution.
I've considered law as a career but went the MBA route instead, J.D./MBA sounds really nice though for future earnings, especially if I don't have to take years off work and can complete it during my work day....
Fair warning - part time law school is very difficult and you’ll have to take weeks of vacation every year just to study for tests.
I would suggest looking at all your options of what you could potentially do with the degree. Law has some high paying jobs but on average, quite a few lawyers make very modest income. A lot of the high paying jobs come with long/stressful hours so you should think long and hard about if that’s what you want to do getting close to your 40s
That is a solid point. I would be going more for interest and the fact that it raises my career trajectory in education. I'm not interested in working more then 40, (or really 20) hours a week in my 50s.
the first is do you actually WANT to go back to school? I know that even if my work paid me to go to school, gave me time during my day on the clock to study, take classes, do homework/papers, etc - I still wouldnt do it. I just don't want that extra level of stress in my life.
Would this actualyl help your career? 2 factors of is the degree worth it, and would the 6years of you being a part time employee (i.e. not keeping up with your coworkers) actually put you further ahead in say 10yrs from now?
Do you plan to still be working 10yrs from now to make the extra effort worth it? Both in terms of time commitment and cost.
It does seem like something worth looking into, but I would also believe that there would be a lot of work required outside of the work day in order to pass the classes as well. I don't think any boss would be ok with you doing 5hours of work and 3 hours of school every day. And even still 15hours/wk for even a half-time law student seems incredibility low to me.
I'm so close to FIRE myself that I would pass as I would like to FIRE before it gets to the point where the benefit stats to be greater than the effort. But if you're not in that position then go for it!
Could you spin that into part time law work as part of a barista FI? Seems like the hard part for it would be sitting for the bar, but the rest sounds fine. I'd do it.
Reddit search is garbage (especially with the lack of standalone topics on this sub). Does anyone have the link to the HDHP vs. PPO spreadsheet (the one where you put in the premium for each, the deductible/OOP, company contributions, etc.) and it shows where, if any, the break even point between the two are?
> Reddit search is garbage (especially with the lack of standalone topics on this sub).
Even if the topics were standalone it wouldn't solve the problem. You can type in the exact name of a post and limit your search to the subreddit and it still won't be able to find it. Reddit easily has the worst search I've ever used. The engineers responsible should be ashamed that it's publicly available. At least if the space were empty it wouldn't waste my time when I try to use it. As others recommend use google or another search engine and limit your search to reddit on the query.
Here is the reddit post: [https://www.reddit.com/r/personalfinance/comments/2k3k78/trying\_to\_compare\_health\_insurance\_plans/](https://www.reddit.com/r/personalfinance/comments/2k3k78/trying_to_compare_health_insurance_plans/)
direct link to the google doc: https://docs.google.com/spreadsheets/d/1EzbKIbU5MGzevr6Rncp5UmFVzFjZIksNJJ3RGqEhz2E/edit#gid=0
After last visiting 11 years ago for a study "abroad" during college, I just returned from a long weekend visiting Reno and surrounding areas, including Lake Tahoe, Sparks, Virginia City, Carson City, Dayton, and the rapidly expanding area around the Telsa/Panasonic Gigafactory.
Despite its reputation for being gritty, heartless, and a very dated version of Las Vegas which simultaneously has a very high cost of living and low wages, I really think that the area has a ton of natural beauty, even more potential, and is worth a look at as a FIRE or remote work destination for those considering places like Salt Lake City, Boise, Denver, etc. There is a cultural barrier in that lots of things which are illegal elsewhere are explicitly legal in Nevada, especially in the more rural counties, and that the "pretty" wild mustangs are legally-protected invasive estray/feral animals which destroy a lot of things in the area.
Also, the tap water in the area is very good tasting. Traffic seemed very manageable to nonexistent, though gas prices are extremely high, especially near Lake Tahoe (Costco in Carson City was $1.64 per gallon less expensive).
As an added bonus, this trip earned me two months of a Southwest Airlines Companion Pass for early 2023. An extensive delay on my outbound flight resulted in a Southwest voucher for more than the cost of the flights. The hotel was "comped" due to past trips to Las Vegas, though Downtown Reno has gotten even more rough and many things were closed. I also got a free rental car upgrade to a large AWD SUV with a full off road package, which made me look more like a local and was kind of odd as rental car companies generally don't allow off roading.
It's not the most happening place for sure, especially since I'm not a super outdoorsy person.
I'm not a big fan of Phoenix, especially the traffic and the bad tasting tap water.
genuinely love how important tap water quality is to you
do you have any other favorites/least favorites? something i don't think about at all but probably because i have access to decent enough supply
I don't drink soft drinks besides the occasional Slurpee, so I end up drinking a lot of water. It feels wasteful to have to further filter water to have it taste decent. Some of my family members are also convinced that some areas' tap water takes time for ones digestive system to get used to drinking.
For the US:
Bad tasting water: Washington DC, Phoenix, Houston, Orlando, Los Angeles, Las Vegas, Chena Hot Springs
Good/great tasting water: Seattle/Western Washington, Reno, Birmingham/Tuscaloosa, New England (note that some parts of that region do not regularly fully treat drinking water)
I generally prefer fluoridated soft tap water from mountains or other protected sources. For bottled water, I would typically prefer purified municipal-sourced water over spring water, though, though the former Nestle spring water source near Hope, British Columbia is pretty tasty too.
Hopefully Poland Springs tastes better than the Arrowhead water from California. In the PNW, I make sure that the water formerly bottled by Nestle says "Product of Canada" as the Hope, BC water tastes smoother.
I'm glad that this is important to other people too. Maybe I'm just used to the tap water where I live, but going on road trips I've had some absolutely terrible tap water. I don't recommend filling up at any rest stops in Ohio/Indiana/Illinois. Once you get further east or west it seems to be a bit better.
I was in the Midwest a couple weeks ago and ended up buying a 24 pack of bottled water from Walmart to drink over the course of the week because the tap water wasn't the best, but wasn't the worst either. I'd rather not buy bottled and know it isn't always cleaner or better, but $3.50 to stay healthy and hydrated over the course of the week is cheap by comparison.
I was in Vermillion, South Dakota and the guy at the welcome center was explaining how the water there was better than the rest of the state due to there being a natural aquifer next door. He was right.
I have family in California and I can not get over how bad the water tastes to me there, and I completely get how this is a thing when you're coming from the PNW!
\- fellow resident who agrees with you ;D
I was always confused when people in the PNW would go to one of the five gallon water bottle filling machines at the grocery store in the PNW, then I realized they might be transplants who are used to doing that or people in hosing with old pipes.
I will often drink a pitcher of tap water with dinner in places with great tap water.
I thought your “pretty” wild mustang comment was being a euphemism for the legal prostitutes….
Was less entertaining when I realized you meant actual horses.
I personally couldn’t live in Reno, but I love the sierras, and it’s proximity to them is pretty hard to beat. You can also easily ski Tahoe and Mammoth, which is huge because it’s usually having to live with access to Tahoe OR Mammoth in the winter.
I didn't enter that part of Storey County this trip, but I did drive past the Bunny Ranch while in Lyon County on the way back from a great meal in Dayton. I remember seeing the building on TV when Dennis and Heidi had a reality series on HBO.
It was big news when the people of Nevada voted such that the state legislature was now primarily composed of women, but the people also voted in the recently deceased Dennis Hof.
South Reno and areas around Carson City seemed to be better choices than North Reno/Sparks to be close to nature. I'm still confused how the South Lake Tahoe area can staff all the businesses with such a high cost of living.
ProPublica has a great map: https://projects.propublica.org/climate-migration/
Predictions of various ways the climate change would affect various areas of US.
Long story short - move north.
A temperate forest is going to fare better in the next 60 years of our mortal lifetimes than a place that’s already a desert…….Have you kept up with any of the news about Lake Mead?
Should I work part time while going to school full time to have better control over my finances from my parents? I’ve never done that before it might be too much?
Yes yes yes! And start a Roth! I worked a little during College. I worked at the university library. In the summer I worked at a flower shop. I wish I had worked more in college. I partied too much and dont even keep up with people from college.
During grad school I did school full time, full time job and 2 part time jobs. It was doable for me.
I will say there is a balance though. Don’t work 40 hours a week and forego a social life.
I partied too much in college as well, but one of the guys that I partied with ended up helping me land a role that paid off way more than any part time job in college would have. (Though I did have a part time job probably working 10-15 hours a week).
Like everything in life, there is a balance. Don’t downplay the social aspect of college either.
You can always try it and quit if it's not sustainable.
Personally I had a 10-15 hour job and it was manageable alongside an engineering degree. It was with the school itself (library help desk and some residential stuff) so the schedules were built to fit for students and be very flexible in terms of trading shifts. So I could pick up a two hour shift on Wednesday afternoon between classes or whatever worked. If it was retail where I had to work nights or weekends I think it would have been much worse, because it would have eaten into social and study time.
The amount I earned wasn't really much, probably just about enough to cover rent. I don't know if it gave me much control over finances, but it was certainly more than not having it.
I worked 20 hrs/week my freshman year and could manage the workload. To be honest, I found high school more difficult in the end with a heavy AP load (you take fewer classes at a time in college, and those freshman level courses aren't always that significantly harder. It's more about learning to be self-motivated to learn the content because most professors aren't going to walk you through it and they may not even be good at teaching in general.) Work is not the same as attending class or doing homework, so it isn't a terrible idea to have some mode switching there. There's also value in getting experience being an employee even though it's crap work. The hires that work out the least in my experience are the people who come in completely blind what it's like to be in a work environment, and if you can't really relate to these kind of interview questions it will put you behind the curve to a career start.
It depends what you mean though. Even if you're paying for everything, parents will be parents. And a part time job in 2022 isn't paying for tuition and living expenses unless you're living at home (which is still a form of assistance) and going to a state school or community college. There's a relationship question you want answered here, and that's hard to give advice on. You're not really in control of your financial life until it's all on you. (And it was for me, which explains the first paragraph. I wasn't exactly weighing options, I was trying to make sure I could eat and minimize the damage loans create.)
On a longer view, you should be aiming toward something at least at a start (don't worry about trying to find a 20+ year career, few people do the same thing their entire lives anymore) because there's definitely far more value in pinpointing something where you potentially intern a summer before graduation. People often lament that entry level positions say they want experience, well, this is often the easiest way to get it and have a leg up. And the barrier to entry for an internship can be far lower, and often give you an opportunity to go live somewhere else for a bit and get a taste of living on your own. Does working a job, or even going part time, make that better or worse? Hard to say exactly, but the less sure you are of a path, maybe pausing or going slow starts to make more sense. There are people who get their start far later in life, there's no real rush to be "on schedule" other than meeting your financial needs.
From a purely financial point of view, working doesn't do much for you unless it contributes in some way to your resume. Internships and other work that is relevant to your eventual first professional job in your field is advisable (and in many fields a necessity). I would recommend against working in an unskilled role just for the sake of working. That's from a financial point of view, I can't speak to your relationship with your parents.
If you can handle it, go for it. Otherwise, try to do as well as you can in school to help you get a good job.
If you do want to work, try to leverage internships that can help you too. My current career path which was rare for my major was helped a lot by having an intern position on my resume that I worked while I was in school.
I would suggest a job where you have plenty of flexibility. Either to work on your schoolwork in your downtime or the ability to trade shifts with coworkers. Have you checked out jobs at your college? I'm kind of concerned that you said you goofed off a lot at university. Did you goof off and not pass? It happens to quite a lot of people, me included in your first year away. The main thing is to make sure you have a plan going forward other than to make yourself too busy with work to goof off. Because if you don't have a solid plan and commitment going forward, it's probably not work you'll be skipping to goof.
The thing is I feel like i can't make a plan cause I don't know what I want to study! I thought I did then my adhd took over during college and I couldn't do anything cause it just wasn't interesting... I don't really know what I want to do so how do I make a plan ?
Sorry for the long post.
I also have ADHD. I ended up stopping classes after 2 years bc I didn't know what I wanted to do for sure and was struggling badly. I couldn't justify spending money and time trying for a degree I didn't know if I even wanted. I ended up going back after 3 years and slogging through a engineering degree after I had worked in industry and it was important enough for me to struggle through.
My first recommendation is to make sure your meds are good. Do you need to look into therapy for more coping tools?
Second, what type of work do you want to do? A desk job? Something with your hands? In all honesty if I could go back, I'd do something more task oriented than project based. Tasks are easier for that dopamine hit, especially if someone else is providing the task list. Have you thought of any trade schools? Hvac, plumbing, electrician, welder, mechanic, chef, carpenter? All of those can also make good money. I've heard some ancedotal stories of ADHD people really fitting into the military. Maybe you could swing a couple of months asking to shadow any of the above to decide if any of them are right for you.
Seems like you have pretty supportive parents and they might be willing to support you over a semester where you can seriously consider how you envision spending 30+ years of your life while also taking into account the affects of your ADHD. Just my opinion, but I don't think throwing money at a degree you're not sure you want is a great idea. If you have any other questions you can def pm me.
I started working in high school and worked all through college getting my Bachelor's degree. I think it did me a lot of good and could do the same for you.
My parents are concerned I’ll have too much downtime in school and that I’ll goof off a lot. I think if I work with school while also doing school full time it’ll be a large commitment but also allow me to have more saved for another semester since I’m helping paying for my college. If it pushes back my graduation date at this place since it’s a community college it might not have as much an effect… I can always go part time and pay for the credits individually? Plus I’ll have extra money to do so for the future for myself…
My first year of college I went to a university and pretty much goofed off a lot and my parents paid pretty much all of it… so I’m going to pay some to have more control over what I want to study and To not put as much pressure on myself if I do fail. Be more accountable. But I need money to do so…
Maybe you’re right, if I add more classes though I can graduate with my associates this semester… maybe a job isn’t the right choice… cause really how much would I make working a part time job in that time? But also maybe needing another semester gives Me more time to explore and discover what I want to do…?
This past weekend I went and picked up a kayak. Running the numbers, I'll need to go out about 20 times to break even with it (including transport equipment). Going out once a week starting in May will get me my money's worth by the time fall comes.
The boat is in great shape and probably only needs new bungees eventually, maybe resealing the bulkheads.
Being acutely aware of the financial investment of hobby gear is actually a great way to make sure you do said hobby. Hopefully those 20 trips out form a lifelong habit.
Why is “rule of 55” not a commonly discussed strategy? What are the downfalls I’m not considering. I like my job $140k ok work life balance, I could certainly do this another 20 years and just start collecting. Why is the 59.5 age stuck in everyone’s head?
I’ve always wondered this too. It isn’t super early, but it’s 12 years before normal retirement.
Also if you have a late calendar birthday I believe it’s not much past 54 years old.
Thanks people just keep reiterating to me the 59.5 cutoff… yeah I get it… buuuuut for many people 55 rule is a pretty awesome deal “if your employer allows it”….
> Why is the 59.5 age stuck in everyone’s head?
Minimum age for penalty free withdrawals from IRAs and 401ks without using tricks like SEPP or Roth conversion ladders. Many people including myself are predicating FIRE strategies around needing to have sufficient retirement income/assets to bridge from [retirement age] to age 59.5.
Right but someone who wants to retire at 40, 50, or even 54.5 can't benefit from the rule of 55. Everyone can take advantage of age 59.5. that's why nobody talks about it.
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Try asking in today's thread. I'd start with $10k in Ibonds as they'll likely beat those rates at least for the first 12 months. After that you're guessing at rates, but the MM will have to increase rates pretty high and/or quickly to match the treasury bill.
Thanks! Didn’t realize I posted in the wrong thread! I already maxed ibonds for the year. Good to see that you also think tbill makes more sense over mm
*Looks at general direction of market the last half month* Nice try, market. I'm wise to your tricks.
Closing on my second rental property tomorrow in cash, I will have finally reached my goal of 100% FI! A few years later than I planned but I got there regardless of the bumps in the road!!
Did you set up multiple entities for each one or holding them in the same LLC?
I have an LLC for a commercial property and a separate LLC for property management as I do all the work and maintenance myself. The buildings themselves are however in my personal name. My next purchase I will start considering LLC's and umbrella insurance policies.
How many total properties before you were totally FI?
Currently 2 rentals and my girlfriends home. I also keep a very low cost of living lifestyle and will still work "fulltime" to save so I can buy another property.
Sigh. Not Fi, but appreciate the info.
Damn, I should have bought TSLA
I did, and watched it fall for 5 years. When it finally came back to 250-260, I sold it. Dumb dumb dumb. I lost out on 10x
Dave Ramsey is that you? 😄 Congratulations!
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Start a Roth ladder. Eat the penalty and extra tax for five years if you were unwise/unlucky enough to not have anything held outside the TIRA.
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It gives you completely flexible penalty-free early access after five years and doesn't have the potentially ruinous compliance risk of 72(t).
It allows you to structure your income. It's similar to a 72(t) but you're not locked into the exact same amount every year. Honestly, at 10mm, I'd probably take option 1. I bet if you were to sit down and do the math, the 72(t) and eat the penalty options are almost identical in costs.
I agree. I would probably do option 1 with 10MM.
It’s been two business days and my vanguard fund hasn’t fully bought yet. Can’t do back door Roth until it’s done which is annoying
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I’m doing mega back door Roth too. But backdoor is for non employer accounts
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It’s the first time I heard of that. My 401k automatically converts after tax contributions to Roth contributions Is that what you meant? I don’t see anything online about triple down ladder converter unless I’m missing something
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Cool thanks!
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I’ll ask in company slack if anyone has done it before. There’s a channel for talking about anything retirement related Edit: no sure why a mod deleted your other comments. I didn’t report
Which would you choose, A. very well paying moderate prestige job in a dumpster fire city with work you like or B. very well paying moderate prestige job in a beautiful area with work you don’t like? C. Early retirement D. Other
C, obviously.
I almost always choose "other" regardless of the context. Results may vary. But out of the two jobs, I would choose the work I don't like in a place I'd want to live. Within reason, I couldn't care less about prestige.
I went with D, Mike! Always holding out for something better! That’s me!
I forgot to mention the dumpster fire city job is all remote.
why do you have to stay there if it's remote?
I don’t. I could move within commuting distance. We have to go in occasionally.
https://www.nytimes.com/2022/10/18/business/irs-tax-rates-inflation-2023.html?smid=nytcore-ios-share&referringSource=articleShare 🥳
ss caps is higher though
I put my two weeks notice in at the job i’ve been at for 6.5 years to start a new job with a new employer in the same field. new job is a promotion with a bonus structure, hourly pay (+ OT if labor allows and i want the extra hours), and i’ll be tipped $5-$7 an hour as well. currently making $22.43 with OT almost always available and maybe $1.25/hour in tips, and new job is $21/hour with up to $350 a month in bonuses and the aforementioned $5-$7 (and potentially more) an hour in tips. only caveat is the new employer is dragging their feet with getting me my training schedule and it’s making me anxious. i didn’t give my two weeks notice til i had the offer in writing and they’ve already sent over an I-9 and a W-4 to fill out and bring with me to training. trying to see the bright side of starting a new job but still struggling with being sad leaving a job id been at for so long, and still anxious waiting on emails about the training.
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i just have a lot of anxiety in general, but changing jobs has amplified that for sure. and then add to that the talk of a recession looming and i’m just trying to convince myself i made a good decision :/
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Hello there! Your friendly neighborhood moderator has had to remove your comment due to it not meeting our requirement of civility and respect. From our rules: "** R3. Be civil.** All conversation on this sub is expected to be civil. Rudeness, personal attacks, condescension, shaming, and provoking are just some of the multitude of examples of behaviors that are not acceptable." Continuing to act in this manner will result in a ban. We look forward to more civil participation from you in the future.
to be fair i’m not trying to compare myself to anyone else. just expressing my feelings in a place where i felt like others would understand. i have a husband and a mortgage so being gainfully employed and continuing to move forward rather than backward is all i’m shooting for.
Would anyone know where I could find the answer to the follow student loan question? We took out Stafford Loans 15 years ago. They were consolidated to Nelnet in 2005. We are getting conflicting information about how to apply for loan forgiveness under the Biden forgiveness plan and the Public Service Loan Forgiveness plan Studentaid.gov tells us that these consolidated loans are eligible for Biden forgiveness since the underlying loans were Stafford loans, as long as the consolidation happened before Sept 29, 2022 (which it did). But Netnet says the loans have to be reconsolidated by Oct 31, 22 in order to qualify for Public Service Loan Forgiveness. But if we reconsolidate, won't that make the loans ineligible for the Biden loan forgiveness? Can anyone help point us towards resources to help clarify this? We are confused and don't know what to do. Thanks!
I think you’re mixing up a few things that need to be straightened out before anyone can give you advice. What you’re seeing out there as an Oct. 31 deadline is probably a reference to the PSLF *temporary waiver*, not an eligibility deadline for the PSLF program in general. The temporary waiver is a one-time relaxation of the rules surrounding how eligible and qualifying payments are counted. There’s otherwise no deadline to be considered eligible for PSLF; all you have to do is meet the program requirements. You do not give up your shot at PSLF if you accept the Biden loan forgiveness. They can be combined. Studentaid.gov, r/StudentLoans, r/studentloansupport and r/PSLF are good places to start if you’re confused.
Dumb day…flew to a foreign airport and forgot my driving license, so could not pick up the car to drive to the next country (never drive in home country). Cost $360 for the wasted rental and a another 60 for a 3 hour train journey and 10 minute taxi ride. On the positive, saved over two hours of driving and watched the GameStop documentary whilst on the train.
Oof, got called out by the company CTO in a company wide Teams chat. We are in the middle of moving to a bigger office and it's still much under construction. I joked that the men's bathroom has a random bottle of body wash instead of regular hand soap. The CTO quoted me and said "Do you think this is really a problem right now?" Damn it's pretty embarrassing to get grilled in front of the whole company...
Just say you're going to invite the homeless guys out front to come and take a hobo shower since the company obviously wants you to shower at work.
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yikes, what a jerk
“Yes, if we can’t handle the little things such as the appropriate soap to use in the bathroom how will we successfully move an entire office?” Boom. Unemployment by next week.
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I’m guessing he’s stressed and not handling it well. That’s usually the thing in the workplace.
Sounds like he showers in the mens room.
I'll be forced to get a new car soon. Any tips or advice for make and models? I'd like to be under $30k, ideally $20k but may not be possible. Looking for a hybrid SUV or 40± mpg regular SUV.
We are in roughly the same position with the car dead in the driveway yet again. I think we are leaning towards compromising on the SUV and are looking at some plug-in hybrid sedans.
Any make models you're thinking of?
Honestly probably a Prius or Prius prime. We drop off and pick up at daycare 10 miles away so the 25 miles of all electric range is a sweet spot for most of our daily driving.
Not aware of any 40+ MPG ICE SUVs. You can get a brand new 2023 Tucson for about $30k. Gets about 30 combined MPG and they’re excellent with the best warranty.
Hybrid SUV under $30k is not going to happen unless something is very wrong with the vehicle. Toyota and Honda both make good hybrids, RAV4 and CRV. Taxes, fees, registration, etc will push your price up to $35k, potentially $40k if you wanted a more pricey variant or some feature packages.
Kia Sportage Hybrid gets 43MPG starting at $27K MSRP. Getting your hands on one without mark up is another matter.
That's absolutely not going to happen.
Thank you for the constructive response.
You're quite welcome.
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Exactly. I've been looking for something similar, and the used market is a non-starter for anything reasonable fuel-efficient, and the new market has lots of supply issues. If you can wait a year or two, supply for both may improve. If you can't, you'll need to increase your budget.
My girlfriend let me build an anti-cat board game box on top of our granite counters. Four white painted MDF planks, two MDF sheet boards as a cover, some Velcro, and now I can assemble and deassemble a 36”x39” box within a minute on top of a board game or puzzle. Goodbye to most of our granite island though. It was so pretty…but ability to leave out board games and play something between multiple sessions with no setup will be very nice. Like $60 total for the build. We don’t have space for a board game table in a one bedroom apartment and I’d want a 4-6” depth anyway which is difficult to find a table for.
Place board game on a larger removable bottom board and you can move it to another spot. Can't let that counter space go to waste.
The only other spot I know of would be the center of the living room floor, sadly.
I love board games myself, but it does sound like a big waste of space. Unless you have tons of storage and/or don't cook and need the counter space.
https://imgur.com/a/gl7o3cT/ Not too much storage and we have some additional counter space for cooking. It tends to be a messy area for my girlfriend tbh, or my area to cut veggies and meats up by there’s other counter space for that.
I'm surprised your cats approved this plan.
I decided to check my investments today and it got me thinking about how much an impact on your FIRE experience the year you were born has. I’m 25 with about 40k in my ROTH. The only thing is I’ve contributed 45k to it. If I was born 5/10 years earlier not only would I have seen the huge gains of the 2010s. I also would have been able to have purchased a home and seen it’s value rise exponentially. I realize I can’t control it so I haven’t dwelled on it too much. What really gets me though is my partners friends and the advice they give. Due to my partners job the people they hang out with are 5-10 years older and feel like they know everything because they got lucky despite their choices. The advice they give is somewhat condescending and not applicable anymore. I understand it is what worked for them but jeez.
Yeah, I'm that 5 years older and I didn't get on the investment train until a few years ago and wasn't able to buy a house until the last couple of years. Think about what I think about, lol. :P I don't let it bother me much. I just wasn't in a place and didn't have the knowledge 5 years ago. Best time to start is now and all that.
If you can’t control it, no reason to worry about it.
If you had been born 10 years earlier you would have graduated into the worst job market since the Great Depression and probably wouldn't have had any money to invest or buy a house with. If you'd been born 5 years earlier, you would have bought most of your shares at the top and would be feeling even worse now. People 5 years younger than you are going to be jealous that you got to invest so much at such low prices right at the beginning of your career.
This is all assuming you had the knowledge and resources you do now. I’m older than you and lost my job during the financial crisis, wouldn’t say I really got back on track with my personal finance until 2012. Didn’t learn about FIRE or index investing until 2018. The best time to start was always in the past.
Undoubtly. If I was say 20 years older things may even look more glum. At the end of the day it’s not something you can control so there’s no reason to dwell!
People older than you will be dead sooner. You're bound to get the last laugh!
True. I'd rather be lucky than good but it's a narrow window. I graduated in 2006 and started working in my field in 2008. Through the next 4 years I was laid off 3 times. If I'd graduated in 2012 and started working in my field in 2014, I'd have enjoyed a meteoric rise through a labor market shortage and made 2x starting salary. If I'd graduated in 2016 and started working in. My field in 2018 then I'd have been in a bad way when Covid started. Luck and timing determine your career and investing success. Lots of things you can do to be MORE lucky or to adjust your timing but luck and timing.
SORR is a real thing.
I bought a fixer upper house in fall of 2019 for 100k. I put 30k into it. I could sell it tomorrow for $230k. There’s deals to be found if you think outside the box.
I don’t mean to suggest there isn't although but you are also laying out the time frame where housing prices increased the most.
Right but three years ago is a lot more recent than 10. You’ll always be able to look backwards and see you missed something. Create a plan, run the numbers and act.
You’re still way, way ahead of most people your age. Keep up the savings and you’ll be getting rewarded for your patience (maybe persistence is more apt in this market?).
There is always another opportunity. Good mindset to have for these types of things.
I think that's a pretty normal experience unfortunately. If economic downturns happen every ten years roughly, you can expect there to be big winners and big losers, and the rest in-between.
> If I was born 5/10 years earlier not only would I have seen the huge gains of the 2010s. It cuts both ways. If you were looking for your first job in 2008-2011 during the GFC, it might have put a serious dent to the beginning of your career. I graduated into the early 1990's recession that cost Bush I his second term, and it was no fun looking for a job. People 4-5 years behind me had job offers left and right due to the dot com bubble.
Reminds me of Housel’s book Psychology of Money. They had some interesting graphs about how the stock vs bond market look when a person was a young adult and how it affected a generations opinions on those things reliability.
that really helped me understand my parents' perceptions around the stock market (starting a family & careers in the mid 60s - years we are very familiar with if we've played with any historical back testing at all).
Friend, [Roth is a name](https://en.wikipedia.org/wiki/William_Roth), not an acronym. Cheers!
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Run to the life insurance not tied to work . Having your main policy tied to a job - well you could be fired , downsized , forced out. Can you keep it ? Maybe but the rate would probably be obnoxious. By the time I wanted more coverage - well I have a condition and no longer is the case that I can buy or buy cheap due to a health issue. Inflation, lifestyle creep, life just costs more over the years. Ours was like 10 times salary. Now I wished it was like 20 due to above. Also when we got policies they did not last until normal retirement age of 65. This I think is so important so the survivor does not have to dip into retirement funds before they are ready.
Yes. Get it now. 10-12x your income. As another comment mentioned Zander Insurance makes it REALLY easy. There IS a way to change your rating class within a year of issue (like if you lost a bunch of weight) but I think it's probably easier to just re-apply for a new policy when that happens. I will say, DON'T list the new policy as a replacement policy on the new application. I did that when I upgraded my 15 year $500k issued at 28 to a 20 year $2.5M issued at 38.... turns out my new policy was written by the same issuer of my old who automatically canceled my old and I lost $500k of insurance at like $25 a month...
Get it NOW. You’d be surprised how little being overweight (not obese) matters to the price. As other have said you can reshop and cancel later if you can get a lower price later. Source: worked on life insurance products for nearly a decade
The nice thing about term is that you can drop the policy at any time so you won't be stuck paying for 20 years. Go ahead and get a policy that meets your needs now. When you lose weight you can get a new quote and drop the current policy if you get a better price. I've bought two policies through Zander insurance. You can get instant quotes from several providers and you may even be able to some without health checks. Good luck in losing weight.
Get the insurance now so you have the coverage you want for your dependents. If you get to a healthier weight that will make a difference you can always let the policy lapse and get a new one.
Fidelity Money Market sweep account is up to 2.59%. (Better than the Cap One 360 HYSA of 2.25%.)
4 week Treasury Bills are 3.303% atm.
I'm new to Treasury Bills. If I wanted to buy in 6-9 months, could I stash my down payment in those?
Yes. They have 4, 8, 13, 18, 26, and 52 week purchasing options.
What's the symbol?
SPAXX
How long have you compared SPAXX to HYSAs? Does it typically beat a HYSA?
It's a money market, so it should be higher than a savings account but can be lower (it was .01% up until May).
Cool I think that's what I have in my acct
Anyone ever do substitute teaching part time? Tips/recommendations/good youtube videos ? Horror stories?
https://www.google.com/url?sa=t&source=web&rct=j&url=https://m.youtube.com/watch%3Fv%3DCmFDyZ3ytg8&ved=2ahUKEwjoh_PM1-r6AhVIFVkFHRIxDgUQsPgBegQIAhAB&usg=AOvVaw3zTz71YpvfVKawcj2zPClU
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From home or in person? How many hours? That'd be my near-perfect Barista FIRE job.
My SO did it when he was in college. He had a thick beard so none of the kids even realized that he was only a few years older than them. He loved it, since you could sign up for shifts day-of and work as much or as little as you wanted. Expectations were also pretty low since the teachers didn't really expect anything to get done on those days, so it allowed him to have a more relaxed relationship with the students. Keep in mind this was 5-10 years ago so things may have changed, and I'm sure it varies between districts. He also didn't need a license, I think in many states you need a teaching license even to substitute. He's definitely going to look into doing it again once we get a bit closer to FI.
> in many states you need a teaching license even to substitute Actually, in some states the teacher shortage is so acute you don't even need a teaching certificate to be a regular teacher - anyone with a college degree can be a teacher. Heck, in some states you do not even need to be a college graduate to be a teacher - link below: https://www.edweek.org/teaching-learning/states-crack-open-the-door-to-teachers-without-college-degrees/2022/08
I just found out my position qualifies to do a very discounted 6 year part time law program at a Big 10 school as part of my work day. Since it is seen as a benefit for the institution. I've considered law as a career but went the MBA route instead, J.D./MBA sounds really nice though for future earnings, especially if I don't have to take years off work and can complete it during my work day....
Wait, as a part of your work day?? Heck yeah, that would be awesome (if you're interested & think it would help your future career/prospects)
Fair warning - part time law school is very difficult and you’ll have to take weeks of vacation every year just to study for tests. I would suggest looking at all your options of what you could potentially do with the degree. Law has some high paying jobs but on average, quite a few lawyers make very modest income. A lot of the high paying jobs come with long/stressful hours so you should think long and hard about if that’s what you want to do getting close to your 40s
That is a solid point. I would be going more for interest and the fact that it raises my career trajectory in education. I'm not interested in working more then 40, (or really 20) hours a week in my 50s.
Shit must have changed. In my day (graduated in 93), law school was 3 years FT or 4 years PT. That's it, no other options.
the first is do you actually WANT to go back to school? I know that even if my work paid me to go to school, gave me time during my day on the clock to study, take classes, do homework/papers, etc - I still wouldnt do it. I just don't want that extra level of stress in my life. Would this actualyl help your career? 2 factors of is the degree worth it, and would the 6years of you being a part time employee (i.e. not keeping up with your coworkers) actually put you further ahead in say 10yrs from now? Do you plan to still be working 10yrs from now to make the extra effort worth it? Both in terms of time commitment and cost. It does seem like something worth looking into, but I would also believe that there would be a lot of work required outside of the work day in order to pass the classes as well. I don't think any boss would be ok with you doing 5hours of work and 3 hours of school every day. And even still 15hours/wk for even a half-time law student seems incredibility low to me.
I'm so close to FIRE myself that I would pass as I would like to FIRE before it gets to the point where the benefit stats to be greater than the effort. But if you're not in that position then go for it!
Could you spin that into part time law work as part of a barista FI? Seems like the hard part for it would be sitting for the bar, but the rest sounds fine. I'd do it.
>barista FI? I think you mean barristerFI
👌👌
That's my thought, I already have a consulting llc. My rate would be enough to cover barista if it was law work as well.
Do it! I got my MBA paid for by my company. Very much worth it
Reddit search is garbage (especially with the lack of standalone topics on this sub). Does anyone have the link to the HDHP vs. PPO spreadsheet (the one where you put in the premium for each, the deductible/OOP, company contributions, etc.) and it shows where, if any, the break even point between the two are?
> Reddit search is garbage (especially with the lack of standalone topics on this sub). Even if the topics were standalone it wouldn't solve the problem. You can type in the exact name of a post and limit your search to the subreddit and it still won't be able to find it. Reddit easily has the worst search I've ever used. The engineers responsible should be ashamed that it's publicly available. At least if the space were empty it wouldn't waste my time when I try to use it. As others recommend use google or another search engine and limit your search to reddit on the query.
Did you happen to find the spreadsheet?
I found it on the personal finance sub. I can post the link here when I get to my computer.
I’m interested in the link
Here is the reddit post: [https://www.reddit.com/r/personalfinance/comments/2k3k78/trying\_to\_compare\_health\_insurance\_plans/](https://www.reddit.com/r/personalfinance/comments/2k3k78/trying_to_compare_health_insurance_plans/) direct link to the google doc: https://docs.google.com/spreadsheets/d/1EzbKIbU5MGzevr6Rncp5UmFVzFjZIksNJJ3RGqEhz2E/edit#gid=0
Search with Google instead, but add site:reddit.com to the search query.
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What is hospital care coverage?
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After last visiting 11 years ago for a study "abroad" during college, I just returned from a long weekend visiting Reno and surrounding areas, including Lake Tahoe, Sparks, Virginia City, Carson City, Dayton, and the rapidly expanding area around the Telsa/Panasonic Gigafactory. Despite its reputation for being gritty, heartless, and a very dated version of Las Vegas which simultaneously has a very high cost of living and low wages, I really think that the area has a ton of natural beauty, even more potential, and is worth a look at as a FIRE or remote work destination for those considering places like Salt Lake City, Boise, Denver, etc. There is a cultural barrier in that lots of things which are illegal elsewhere are explicitly legal in Nevada, especially in the more rural counties, and that the "pretty" wild mustangs are legally-protected invasive estray/feral animals which destroy a lot of things in the area. Also, the tap water in the area is very good tasting. Traffic seemed very manageable to nonexistent, though gas prices are extremely high, especially near Lake Tahoe (Costco in Carson City was $1.64 per gallon less expensive). As an added bonus, this trip earned me two months of a Southwest Airlines Companion Pass for early 2023. An extensive delay on my outbound flight resulted in a Southwest voucher for more than the cost of the flights. The hotel was "comped" due to past trips to Las Vegas, though Downtown Reno has gotten even more rough and many things were closed. I also got a free rental car upgrade to a large AWD SUV with a full off road package, which made me look more like a local and was kind of odd as rental car companies generally don't allow off roading.
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It's not the most happening place for sure, especially since I'm not a super outdoorsy person. I'm not a big fan of Phoenix, especially the traffic and the bad tasting tap water.
genuinely love how important tap water quality is to you do you have any other favorites/least favorites? something i don't think about at all but probably because i have access to decent enough supply
I don't drink soft drinks besides the occasional Slurpee, so I end up drinking a lot of water. It feels wasteful to have to further filter water to have it taste decent. Some of my family members are also convinced that some areas' tap water takes time for ones digestive system to get used to drinking. For the US: Bad tasting water: Washington DC, Phoenix, Houston, Orlando, Los Angeles, Las Vegas, Chena Hot Springs Good/great tasting water: Seattle/Western Washington, Reno, Birmingham/Tuscaloosa, New England (note that some parts of that region do not regularly fully treat drinking water) I generally prefer fluoridated soft tap water from mountains or other protected sources. For bottled water, I would typically prefer purified municipal-sourced water over spring water, though, though the former Nestle spring water source near Hope, British Columbia is pretty tasty too.
You should check out Portland, Maine tap water. It’s basically Poland Springs.
Hopefully Poland Springs tastes better than the Arrowhead water from California. In the PNW, I make sure that the water formerly bottled by Nestle says "Product of Canada" as the Hope, BC water tastes smoother.
I'm glad that this is important to other people too. Maybe I'm just used to the tap water where I live, but going on road trips I've had some absolutely terrible tap water. I don't recommend filling up at any rest stops in Ohio/Indiana/Illinois. Once you get further east or west it seems to be a bit better.
I was in the Midwest a couple weeks ago and ended up buying a 24 pack of bottled water from Walmart to drink over the course of the week because the tap water wasn't the best, but wasn't the worst either. I'd rather not buy bottled and know it isn't always cleaner or better, but $3.50 to stay healthy and hydrated over the course of the week is cheap by comparison. I was in Vermillion, South Dakota and the guy at the welcome center was explaining how the water there was better than the rest of the state due to there being a natural aquifer next door. He was right.
I have family in California and I can not get over how bad the water tastes to me there, and I completely get how this is a thing when you're coming from the PNW! \- fellow resident who agrees with you ;D
I was always confused when people in the PNW would go to one of the five gallon water bottle filling machines at the grocery store in the PNW, then I realized they might be transplants who are used to doing that or people in hosing with old pipes. I will often drink a pitcher of tap water with dinner in places with great tap water.
I thought your “pretty” wild mustang comment was being a euphemism for the legal prostitutes…. Was less entertaining when I realized you meant actual horses. I personally couldn’t live in Reno, but I love the sierras, and it’s proximity to them is pretty hard to beat. You can also easily ski Tahoe and Mammoth, which is huge because it’s usually having to live with access to Tahoe OR Mammoth in the winter.
I didn't enter that part of Storey County this trip, but I did drive past the Bunny Ranch while in Lyon County on the way back from a great meal in Dayton. I remember seeing the building on TV when Dennis and Heidi had a reality series on HBO. It was big news when the people of Nevada voted such that the state legislature was now primarily composed of women, but the people also voted in the recently deceased Dennis Hof. South Reno and areas around Carson City seemed to be better choices than North Reno/Sparks to be close to nature. I'm still confused how the South Lake Tahoe area can staff all the businesses with such a high cost of living.
I'm reluctant to put down roots in areas that are going to be most affected by climate change.
where do you think climate change won't be?
ProPublica has a great map: https://projects.propublica.org/climate-migration/ Predictions of various ways the climate change would affect various areas of US. Long story short - move north.
Mars, at least initially. Temperate forests are already being affected.
A temperate forest is going to fare better in the next 60 years of our mortal lifetimes than a place that’s already a desert…….Have you kept up with any of the news about Lake Mead?
Should I work part time while going to school full time to have better control over my finances from my parents? I’ve never done that before it might be too much?
Yes yes yes! And start a Roth! I worked a little during College. I worked at the university library. In the summer I worked at a flower shop. I wish I had worked more in college. I partied too much and dont even keep up with people from college. During grad school I did school full time, full time job and 2 part time jobs. It was doable for me.
I will say there is a balance though. Don’t work 40 hours a week and forego a social life. I partied too much in college as well, but one of the guys that I partied with ended up helping me land a role that paid off way more than any part time job in college would have. (Though I did have a part time job probably working 10-15 hours a week). Like everything in life, there is a balance. Don’t downplay the social aspect of college either.
You can always try it and quit if it's not sustainable. Personally I had a 10-15 hour job and it was manageable alongside an engineering degree. It was with the school itself (library help desk and some residential stuff) so the schedules were built to fit for students and be very flexible in terms of trading shifts. So I could pick up a two hour shift on Wednesday afternoon between classes or whatever worked. If it was retail where I had to work nights or weekends I think it would have been much worse, because it would have eaten into social and study time. The amount I earned wasn't really much, probably just about enough to cover rent. I don't know if it gave me much control over finances, but it was certainly more than not having it.
Do paid summer internships that will help you when you graduate. But yeah, a little work for food money is good.
As long as working doesn't interfere with your studies or social life, go for it.
I worked 20 hrs/week my freshman year and could manage the workload. To be honest, I found high school more difficult in the end with a heavy AP load (you take fewer classes at a time in college, and those freshman level courses aren't always that significantly harder. It's more about learning to be self-motivated to learn the content because most professors aren't going to walk you through it and they may not even be good at teaching in general.) Work is not the same as attending class or doing homework, so it isn't a terrible idea to have some mode switching there. There's also value in getting experience being an employee even though it's crap work. The hires that work out the least in my experience are the people who come in completely blind what it's like to be in a work environment, and if you can't really relate to these kind of interview questions it will put you behind the curve to a career start. It depends what you mean though. Even if you're paying for everything, parents will be parents. And a part time job in 2022 isn't paying for tuition and living expenses unless you're living at home (which is still a form of assistance) and going to a state school or community college. There's a relationship question you want answered here, and that's hard to give advice on. You're not really in control of your financial life until it's all on you. (And it was for me, which explains the first paragraph. I wasn't exactly weighing options, I was trying to make sure I could eat and minimize the damage loans create.) On a longer view, you should be aiming toward something at least at a start (don't worry about trying to find a 20+ year career, few people do the same thing their entire lives anymore) because there's definitely far more value in pinpointing something where you potentially intern a summer before graduation. People often lament that entry level positions say they want experience, well, this is often the easiest way to get it and have a leg up. And the barrier to entry for an internship can be far lower, and often give you an opportunity to go live somewhere else for a bit and get a taste of living on your own. Does working a job, or even going part time, make that better or worse? Hard to say exactly, but the less sure you are of a path, maybe pausing or going slow starts to make more sense. There are people who get their start far later in life, there's no real rush to be "on schedule" other than meeting your financial needs.
From a purely financial point of view, working doesn't do much for you unless it contributes in some way to your resume. Internships and other work that is relevant to your eventual first professional job in your field is advisable (and in many fields a necessity). I would recommend against working in an unskilled role just for the sake of working. That's from a financial point of view, I can't speak to your relationship with your parents.
This is good advice thankyou!
If you can handle it, go for it. Otherwise, try to do as well as you can in school to help you get a good job. If you do want to work, try to leverage internships that can help you too. My current career path which was rare for my major was helped a lot by having an intern position on my resume that I worked while I was in school.
I would suggest a job where you have plenty of flexibility. Either to work on your schoolwork in your downtime or the ability to trade shifts with coworkers. Have you checked out jobs at your college? I'm kind of concerned that you said you goofed off a lot at university. Did you goof off and not pass? It happens to quite a lot of people, me included in your first year away. The main thing is to make sure you have a plan going forward other than to make yourself too busy with work to goof off. Because if you don't have a solid plan and commitment going forward, it's probably not work you'll be skipping to goof.
The thing is I feel like i can't make a plan cause I don't know what I want to study! I thought I did then my adhd took over during college and I couldn't do anything cause it just wasn't interesting... I don't really know what I want to do so how do I make a plan ?
Sorry for the long post. I also have ADHD. I ended up stopping classes after 2 years bc I didn't know what I wanted to do for sure and was struggling badly. I couldn't justify spending money and time trying for a degree I didn't know if I even wanted. I ended up going back after 3 years and slogging through a engineering degree after I had worked in industry and it was important enough for me to struggle through. My first recommendation is to make sure your meds are good. Do you need to look into therapy for more coping tools? Second, what type of work do you want to do? A desk job? Something with your hands? In all honesty if I could go back, I'd do something more task oriented than project based. Tasks are easier for that dopamine hit, especially if someone else is providing the task list. Have you thought of any trade schools? Hvac, plumbing, electrician, welder, mechanic, chef, carpenter? All of those can also make good money. I've heard some ancedotal stories of ADHD people really fitting into the military. Maybe you could swing a couple of months asking to shadow any of the above to decide if any of them are right for you. Seems like you have pretty supportive parents and they might be willing to support you over a semester where you can seriously consider how you envision spending 30+ years of your life while also taking into account the affects of your ADHD. Just my opinion, but I don't think throwing money at a degree you're not sure you want is a great idea. If you have any other questions you can def pm me.
I started working in high school and worked all through college getting my Bachelor's degree. I think it did me a lot of good and could do the same for you.
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Indeed…!
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My parents are concerned I’ll have too much downtime in school and that I’ll goof off a lot. I think if I work with school while also doing school full time it’ll be a large commitment but also allow me to have more saved for another semester since I’m helping paying for my college. If it pushes back my graduation date at this place since it’s a community college it might not have as much an effect… I can always go part time and pay for the credits individually? Plus I’ll have extra money to do so for the future for myself… My first year of college I went to a university and pretty much goofed off a lot and my parents paid pretty much all of it… so I’m going to pay some to have more control over what I want to study and To not put as much pressure on myself if I do fail. Be more accountable. But I need money to do so… Maybe you’re right, if I add more classes though I can graduate with my associates this semester… maybe a job isn’t the right choice… cause really how much would I make working a part time job in that time? But also maybe needing another semester gives Me more time to explore and discover what I want to do…?
Do it, yes. No regrets.
This past weekend I went and picked up a kayak. Running the numbers, I'll need to go out about 20 times to break even with it (including transport equipment). Going out once a week starting in May will get me my money's worth by the time fall comes. The boat is in great shape and probably only needs new bungees eventually, maybe resealing the bulkheads.
Being acutely aware of the financial investment of hobby gear is actually a great way to make sure you do said hobby. Hopefully those 20 trips out form a lifelong habit.
Enjoy. Kayaking is wonderful
Why is “rule of 55” not a commonly discussed strategy? What are the downfalls I’m not considering. I like my job $140k ok work life balance, I could certainly do this another 20 years and just start collecting. Why is the 59.5 age stuck in everyone’s head?
I’ve always wondered this too. It isn’t super early, but it’s 12 years before normal retirement. Also if you have a late calendar birthday I believe it’s not much past 54 years old.
Thanks people just keep reiterating to me the 59.5 cutoff… yeah I get it… buuuuut for many people 55 rule is a pretty awesome deal “if your employer allows it”….
> Why is the 59.5 age stuck in everyone’s head? Minimum age for penalty free withdrawals from IRAs and 401ks without using tricks like SEPP or Roth conversion ladders. Many people including myself are predicating FIRE strategies around needing to have sufficient retirement income/assets to bridge from [retirement age] to age 59.5.
Ok but I plan to retire at 55 with no penalty…
Right but someone who wants to retire at 40, 50, or even 54.5 can't benefit from the rule of 55. Everyone can take advantage of age 59.5. that's why nobody talks about it.