25 95k net worth, at what point would it be worth it to have someone managing my money in the stock market rather than doing it myself? when I hit 200k net worth?

For reference I do my own investing now but don’t really understand a lot of it and am not particularly interested in reading up…

I'm currently working for a startup that has been unable to pay us for 2ish months while they are trying to secure investor funding. They said they will back pay us and (we're working much fewer hours) and they were reaching into their personal savings for months before and never took a salary. We have patients enrolled so we agreed to help for a few weeks but not for this long. I don't want to burn bridges and I am currently interviewing elsewhere but any recommendations??

Currently 25 years old.
Goals:
* Own a home in a HCOL
* 2 kids (eventually)
* Retire at 50 on $125k/year.

Envelope math:
* $125k/year would require an investment portfolio of ~$3M.
* Targeting a $2M home (split with partner)
* 2 kids - $1M to raise both (including college fund, split with partner)
* $500K buffer for unexpected expenses
* 33% tax

Therefore, 6.5-7M retirement savings needed. To hit this (assuming 6% return after inflation), I’d need to save ~$110k/year.

How does this sound?

I'm a long time user of mvelopes budgeting software, and we just got a notice that they're shutting the platform down at the end of the year.

Looking for a recommendation for an "envelope based" replacement. They suggested Every Dollar, but it doesn't handle credit cards well.

Any recommendations on JV funds, hard money, private equity etc to fund MFC deals and great residential deals brrr/flip. Finding some great deals in my local market. Any tips on raising capital or attracting investors?
Thanks in advance.

Any thoughts on the ETF, OGIG (O’Shares Global Internet Giants)?

It is from Kevin O’Leary’s fund.

If I’m selling stock to make the down payment for my primary residence house, is there any way I can limit or avoid some capital gain tax?

Hypothetically, if BBB was delayed and brought to the Senate floor next year (let's say February 2022) and passed, and the January 1st date for ending Roth conversions is left unchanged, what would happen to Americans who performed After-Tax 401k to Roth conversions in January? Would 401k custodians have to reverse the transactions and somehow factor in gains earned in users' Roth accounts since the conversion? Could there be penalties?

Can you explain why you would stake OHM? Seems like you are just buying SHOM by staking (which has actually lost value when it was supposed to be making crazy 8K% APYs). Number of coins doesn’t grow, just their value. What am I missing?

What stocks are you guy guys buying right now in this market?

So my spouse and I invest separately via different trading accounts. Individual accounts, not joint. Can I work around the wash sale rule with 2 accounts? Sell stock A from one account @ $20 and buy stock A from@second account @ $15? Planning to dump stocks in December last week to get some tax gains and buying on the second account in first week of January.

25 and a year into having a brokerage account. How does one build a strong portfolio? I’m currently doing well based on stock picks but understand that it’s really just luck based on this rollercoaster year. Holding for the LT

VOO. I predominantly use Schwab’s robo advisor and have consistently been 8% below S&P 500. (1) based on the historical performance of VOO, am I better off shifting all of my retirement and brokerage accounts to VOO? (2) how do I do that? How should I go about this? Liquidate all my robo advisors and then buy VOO? Hope you all don’t roast me too hard!

I decided to come home to CA from NYC at the end of April 2020. How should I go about with filing my taxes since my work is technically in NYC and I didn’t change any payroll address. Do I file part-time resident for NY?

Coworker got fired because they stole my clients! We have a policy stating that the realtor who initiated the contact should be the one closing the deal to give them a fair chance. I feel bad but they should have read the policy...

I haven’t had much luck on fiverr with my gigs. Really eager to start a side gig and have a second source of income. Any suggestions or insight would be great!

Hello, is there anyone here that can recommend ways to make money as a notary public?
Thanks

Realtors: are there any listings you've ever regretted selling? Why/why not?

If I have a six year old and 150k in a 529, can I say I’m done?

Just finishing my first week in as an audit intern and genuinely I have no idea what I'm doing or even a general idea of the audit process. The senior associate left the engagement last week so it's just me and an associate, and they don't have time to give me instruction.

Am I stupid or did the e-learns not prepare me for any of this? The training told me I'd be auditing cash but I haven't even touched a bank reconciliation.

Hey everyone, I'm looking at a new knife as an Xmas gift to myself, looking to spend $200+ on a really great quality knife. My last one was a Global 10" chef's knife (G16) I gifted away, but now looking at a Global Sai 9 3/4" (Sai06), anyone got thoughts / opinions?

Any audit folks at midsize and up firms (experienced senior and above only) looking for a role in accounting advisory/consulting at a small firm <100 people (completely remote), reach out to me. Busy season hours are approx 45/week. Comp starts around $105k

Hi Team,
Need your inputs. Is stability more important than the opportunity?

I have an opportunity to explore how ever it's been only 6 months in current organization.

Can I take the offer and switch? Does it affect the stability?

Please help.

Hey Guys, What’s the Salary expectations for a Senior consultant with 5yrs of experience in Service Now can quote with DELLOITE USI

Hi fishes. I am a fresher and have been recruited as an associate consultant into tech consulting via campus interview. I join in a few months and my package is 7lpa fixed plus 80k variable. I plan to stick with EY for at least 2-3 years barring exceptional circumstances. How can I expect my salary to progress over this duration? Thanks!

Laid off after Thanksgiving. 54. Not done yet. Plenty to offer. In Detroit but ready and able to move anywhere. AD/CD. Hangin in there. How bout you?

What is the *prime* amount of money to bring you happiness?

Just curious - What is a ballpark estimate of in hand salaries for people with around 5+ years of work ex and an MBA degree(Tier 1 college) in India?

I knew something was up....the firms isn't making budget projections so now there making mountains out of mole hills aiming to find ppl to let go! #whatjobsecurity

Does anyone else not relate to the “chill paralegal” memes on litigation god?

I received a message on LinkedIn from an internal recruiter at a company that sounded intriguing. Would it be bad form to ask for more information about the role and about comp up front? I wasn’t looking to leave my firm until later next year at the earliest, but the company sounds really interesting. Don’t want to waste a lot of time if the comp isn’t right, though.

Hi everyone!
Does anyone know how much is the start-up salary range out of college for forensics/criminalist in California? And where to apply?

I'm trying to figure out how to pivot out of my current job. My department is in utter chaos, which has just become completely unmanageable. I'm looking for front-end web design work, and work from home. I am a strong designer and basically set up landing pages for large companies on a proprietary CMS in our company. If anyone knows of places I could apply? I'm not trying to reinvent myself as I do artwork on the side and would rather grow that business and get out of the chaos of fortune 500.

Does LTI provide reimbursement for WFH setup ?

Traveling to DC for 4 days. Looking for Marriott with parking and maybe concierge lounge functioning. Anyone use a Marriott recently they can recommend?
Open to other suggestions too. Thanks

25M Banglore , not sure how it works down here ! Kinda curious to meet ppl

Gl as a aor

What do I need to do to make a few million $ by 35?

Had my sapphire preferred for 4 years. Can I downgrade to a freedom today and re-apply for a sapphire after a couple weeks to get a new bonus?

Alright, who’s going to short GameStop? +80% in intraday trading, +600% as of 2021. Per WSJ - the bull rally is fueled by individual investors encouraging each other to buy the stock.

In Chicago Illinois, are Propepty taxes paid annually? Or in another way, if I sold my house today, I am still due to pay second half of 2021 in taxes at my end?

Curios to see how you guys log your down payment and remaining loan amount ( home , Auto etc ) in apps tracking net worth ?

Recently put 20% down cash for house which brought down the cash component of net worth but wondering how to balance this . Home equity ?

Okay finance gurus, I have an idea and interested in your thoughts. Might be a bad one so be gentle 🙂. I have a 2 yr old and another on the way. Need to start planning for college. I was thinking of buying a condo or 2 in lieu of saving and selling them down the line for tuition. Condos downtown are pretty inexpensive (T3) so it’s financially feasible. But is this a good idea or too risky?

Reached theoretical financial freedom (4% of networth covers 120% of my yearly spending)
What should I do?
-Motivation to grind at BCG is not here anymore and honestly the experience here was underwhelming (~1y as a C, lateralled from other firm)
-Still too risky to open own lifestyle business
-Option to exit to industry for a few years at a 9-6 job?
-Option to do some side hustles?

Anything I should consider when making my decision? Any risks I haven't foreseen?

Thanks!

I moved from NY to CA about halfway through 2020. Do I have to claim half the year in CA in my taxes? It’s a temporary move so hoping I don’t have to (but my drivers license and mailing address are now CA). Any advice is appreciated!

Best place to get pre-qualified for a mortgage?

I have some collections on my credit report. One from an electric company for $800 (imo they violated terms of contract and sent me to collections in spite of their fuck up), and an apartment for $80~ that charged me a cleaning fee when my apartment was spotless.

Despite these two collections have a 712-720 credit score.

So mortgage lenders care at all about the collections or is it mostly the credit score that matters?

(cont)

Anyone concerned with the dip in the market now? Both brokerage and 401k has taken hit. What are different things you folks are doing??

What were people's 401k /pension balances at 30?

Feeling behind at $40k but making big headway now saving 10% and pwc wealth builder at 6, (26k a year on 160k)

If I’m right on the cusp of hitting the contribution reductions for a Roth IRA for 2021 (will potentially have a greater than $125k AGI depending on bonus amount, but likely won’t exceed $130k), what should I do? I can fully find the $6k right now to a Roth, fund like $5k and then wait until June when I find out my bonus amount to decide what to do with the rest, or should I just do an IRA->Roth conversion just to be safe?

Hi everyone! I’m a young professional right out of college getting into investing and personal finance management. Trying to better understand and educate myself on personal finance and investment strategies. Can someone recommend some recourses (books, podcasts, experts to follow, etc.) where it’s clearly explained for beginners? Trying to make sense of 401Ks, Roth IRAs, emergency funds etc.
Like I’m looking for someone like Dave Ramsey but for investment and money management advice.

Combined outstanding student loans for me and spouse $$70k.
Do you recommend pay down quickly a la Dave Ramsey, pay minimums and invest the rest, hold out hope for student loan forgiveness or something else?

Additional context - own a home in suburbs (2.15% rate, 255k outstanding, and a few 0% loans for couch, computer, Home Depot, 1 child in daycare

Is DIDI good to hold? If No, which would you pick instead?

So after you max your investment accounts (401K, IRÁ, emergency savings. etc) what do you do next?

A little context: 24M, started in the pandemic, moved back home and paid off my student loans.

Do I move out? Can I start spending on myself? Am I missing anything from a saving perspective?

Apologies in advance if this comes off entitled/arrogant, really just looking for some advice and wanted to give as clear a picture as possible.

If I made $1000 in dividends this year, would I have to pay any tax on it if my total yearly income was less than $20000?

I want to setup monthly recurring investments in index funds with a long term return perspective. Looking to diversify into 7-8 funds - Any recommendations?