Peeps, What is your financial setup/strategy for paying mortgage on 2M+ house with 10-14k/m housing expense? Context: Double income single kid family, considering a house upgrade (current townhouse valued @$1.3M, $0.6M mortgage @ 2.5%) to a SFH that has a decent size backyard. We got a 1y old baby...Read more
Google stocks: $360K HYSA: 85K Other stocks: 25K HSA: 15K 401k: 180K Debt: 30K Total: 635k minus capital gain taxes (100K~) TC: 250K lcol Yoe: 7 Age: 30
I sold my house and have 100K from the sale. I have about 60K in student loans. Should I pay it off from the sale of my house or save that money for the next house? I pay $1000 every month on student loans and paying that off will be a big relief from a monthly disposable income standpoint. TC:175K...Read more
Folks, I am considering preparing a will (just in case), and would like to gather all your inputs on the process. 1. How did you get started? 2. How long did the process take? 3. Any gotchas? I am considering using the legal coverage I have at work for will preperation.
How is your net worth going ? Here’s me- Graduated and started working in 2018 Single earner Family of 4 NW-400k. TC-145 Not sure how I’m doing..but was wondering how folks in same boat are doing ?#personal finance
From 1776 to 1913 there was no income tax outside the civil war. The income tax was sold to the American people that it was only going to be for the rich at 4% in 1916. Now the middle class is hammered with heavy taxation. Biden and his corrupt regime is selling us that we must tax the rich again bu...Read more
Moving from Mid west to Irvine, California. Heard California taxes take away 50%. Can i survive with 90k as a single person. Major expenses: Rent+utilities, car payments, food, gas, miscellaneous. If i earn 90k base how much will i pay in taxes? I can think of Fed+state+local+fica, what other ta...Read more
30, single with TC of $175K. Base Salary $132K. HCOL Investments/RSU $75K Cash $15k Student loan $20K balance Credit cards $10K How do I grow my net-worth? Do I use all my cash to pay off credit cards? Or do I put all in stock market? Is it wise to cash out RSU/Investment and put all as down p...Read more
Touched a big milestone today thanks to these two giants. Invest your money folks!! #personal finance Age 34 Yoe 10 Tc 380k Hh tc 450k
Looking at switching jobs to a public company with quarterly equity grants. Current offer is ~70k in equity. What is it like to receive publicly-traded, liquid equity grants? How do companies typically set blackout dates? How do folks maximize savings via equity? Sell bit by bit, all at once, or hol...Read more
Tired of working here and these immigration stuff, want to move whole family back and lay back. Current NW about 1M with 2 kids. I am thinking put money in US bank and take interests back, its about 50k/yr, later if it down to 3%, about 30k/yr Is this enough to retire?
Want to take a chance of putting 50-100k over next year… NOT on Domestic or global ETF /SPY/VOO. Which one you think will it will be? #personal finance #personal finance
After leaving US, it looks like I can keep my US bank accounts and credit cards open. How about brokerage account with Fidelity and Schwab? I plan to call them this week but want to hear others’ experience. Thanks.
Let's be honest. $10 million is the new $1 million and you can't even buy a decent family house with $1 million in MCOL/HCOL. $5 million is definitely adequate for living a moderate lifestyle but is nowhere near luxury. I believe $10 million now defines the true wealth. Just a little rant. Reached ...Read more
I am considering responding not guilty in email instead of in person. This will be the option of contested hearing (by mail)? Anything else I need to consider? I took right on red light signal in Washington when there was no chance of any pedestrian on right or any incoming traffic from left. I st...Read more
I did the calculation for if I get fired in my first review cycle, how much cash I would have and how far unemployment would take me for 6 months. Assuming I get fired January 2025, I can survive until Sept 2027: Cash on hand if I'm fired after my first cycle: $139k Cash after Unemployment: $124k M...Read more
In the DC/VA/MD area a 1-2 bed condo or townhouse in the neighborhoods we’re interested in typically go for an average of $4k a month in rent, or $800k-$1.3M to buy comparable (so monthly cost of $7k-$10k for mortgage + other expenses to owning). That’s the cost for places that aren’t even that nice...Read more
Hello, I'm wondering if I can afford this car. I'm pretty frugal with my money so this big of a purchase is scary to me. I've done a ton of research/test drives and really like the Mazda3 GT Turbos. I'm not 100% inclined to get the turbo vs non-turbo, but was wondering some thoughts. I basically got...Read more
Feel free to share the location and TC vs. mortgage amount in comments
M*****F’s - they take 33% + 18% on all products & There are NO basic amenities in the county 🇮🇳 - there is NO drinking water - No clean air - no quality education for free - don’t get me started on road conditions - HealthCare: we witnessed what happened during Covid. Now rumors about vaccine...Read more
i know the general rule of thumb is 30% of take-home monthly income. Moved to New York recently but throwing that much money personally feels like an opportunity cost. Mine is around 10~13%. TC: 240k
I’m setting my sights on buying a home in Southern California within the next 3-5 years. I’m flexible about the location; it doesn’t have to be right in Downtown LA, but ideally, I’d like to stay within a 100-mile radius of the area. I’m here seeking wisdom from those who’ve navigated these waters....Read more