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Hi folks, It's been 22 days since I joined birlasoft. But still I have not been mapped to any project and in induction I have been told this hiring is done based on an already existing requirement. Is it common to not get mapped after these many days of joining? Please share your experience!!! Birlasoft
Will I receive variable pay for the period I am bench?
How to negotiate & renegotiate offer?
Comp A - got the first offer
Comp B - got the offer by showing offer A
Comp C - got the offer by showing offer B
Now want to join Comp B. So which route would be optimum for negotiation again -
C -> A -> B OR C --> B
Tata Consultancy IBM Cognizant HCL Technologies Deloitte EY
December layoffs anywhere?
Gotta love working from home ❤️🐾
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Sweet. You have your 6-month in case you get laid off fund.
I’m 69, married, with a $3K per month house payment, and a net worth slightly north of $4MM. I’m still working at least until I turn 70 and can max out my social security. As others have said, $500K is less money than you think, especially when you will have to pay for health care until you’re 65 at least (and who knows what’ll happen to Medicare with the incoming Administration.). As to how to invest, I have a good money manager who has don well for me. I don’t like having to worry about how my money is indeed, though I do keep track of it.
Got it!
If I could figure out go to stop working with only $500k in the bank I would already be done 😂
Might have to chatgpt4 some ideas 😏
$500k isn’t much in the game of life. $15M is something. I want wealth, not income. Wealth generates income after I retire. How can I build wealth?
Same! My target is also 15m (including the house fully paid off). Will continue to work until I hit that (or get close enough to it for the the momentum to take it over the finish line).
Definitely not #6. Trump promised favorable bitcoin policy for the community support. I wouldn’t wanna be fully loaded for the next crash.
It's crazy how fast it's gone to almost $100k, supposedly could double. But far too risky to invest life savings into imo.
Funny enough I’m trying to figure that out. I’m leaning toward dumping it all into ETFs and then let it growth for the next 5-10 years and reevaluate. Also looking at some passive income ideas (real estate or plug and play businesses).
I'm thinking something low risk, low effort, so easily manageable but maybe after some heavy duty development at the beginning like a do up property. Being cash rich is perfect for that in these times, most people can't get good mortgages!
The answer depends entirely on what income you want in retirement, and a big part of that equation is how much you have left on your mortgage.
At 48, with right at $1MM invested I am targeting to retire at 60 to be able to keep the same income through EOL. A big driver here is that we have a sizeable mortgage that has 27 years to go.
Pull up a retirement calculator and plug some numbers in, you might find that $500k won't go as far as you think it might if you are thinking you have enough to retire on. If you are single with a paid off house, maybe you do.
Speaking as someone who has about that much in various investment and retirement accounts, $500k is, while not nothing, it’s certainly not close to a stopping point. $2 million is probably where I need to be to consider stopping.
And as much as I’d like to drive a Lamborghini, that would be a stupid purchase at $500k. I can drive them in video games (I have a fancy-ish $400 wheel/stick/pedals for that too), that’s good enough.
Re: Accenture 1. Yeah, I almost mentioned a track day myself. There’s a track about a city away from me where I could drive a Lamborghini for $400. I’ve looked into it and will probably do it eventually.
Re:IQVIA, I have a point where I will probably stop, or at least focus on my hobbies and not keep a day job. That number is around $3 million. I can live comfortably off the dividends that way. I might even take a break before reaching that point.
Also nothing wrong with owning real estate. I have a home mortgage myself, and the home has gone up in value about 40% since I’ve purchased it. Wasn’t including that though, just retirement and investments.
OP - it depends on your risk appetite and appetite for change… looking at your situation I would suggest you buy an additional property for investment purposes either outright or almost outright in London or the more affluent Home Counties with good schools e.g. Surrey, Herts, etc. it is a lot of money but only if you use it in the right way as it is really easy to spend it frivolously too. My husband and I are in a similar boat to you but the £ is not in the bank it is in property… it has allowed one of us to not have to work and be at home with our child, which is important to us… so think through what you need to live on monthly and work back from that. Owning your own business, especially one where you can leverage assets and resources instead of being dependent on the physical hours you put in forever will expedite your wealth building… good luck ♥️♥️
How far will $500k go?
If you average $15 per meal, three meals a day, 365 days a year, it will cost you $16,425 per year just eat. With $500k you have your food costs covered until 75 or so. Obviously, appreciation and interest will extend that a bit, but it’s also possible you love longer than 75…or have more expenses.
With respect, it’s probably too early to stop working.
You haven’t heard of cooking?
So great to see you all in a much better place then I put myself. Being in my 40s with hardly 25k is a rough place to be. I'll be working until the end. But I put myself here and I'll continue the climb up.
Things can change fast, don't give up. You have to save and invest for the long term, and that means living savvy, find ways to make money in addition to your salary.
split 50-50 between bitcoin and $MSTR: you’ll be generationally wealthy in 2-5 years, skewing to the nearer term if the incoming US administration pushes through a strategic bitcoin reserve. Continue working so that you don’t have to sell your bitcoin. In the meantime. Never sell your bitcoin. DM me if u want to discuss in more detail.
46 w/ $2.7M in liquid assets. Honestly, I don't feel comfortable quitting until I reach $4-$5M. At that point, I may be an entrepreneur - open a staffing or small consultancy. If I fail, withdrawing 4% will cover my family expenses while my principal will continue to grow
I think you have to find a good strategy to double your value within 10 years then you can retire.
I'd be happy with £1m in England so like you I'd need to double my cash, then aim for 5% in gains or dividends from investments until I'm 60, then draw it down by £50k each year for 20 years until 80. If I live beyond that I'll have my pension, and carehome paid for by the state 😏.
#6. Go big or go broke. BTC will be at $120k by May of 2025.