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I'm wanting to know what people think is better. Kaiser or ucla health for working as an admin staff. Ucla seems to have good pay from what I see on the job descriptions but kaiser only shows pay grade. Ucla has pension and a raise it seems every year. But I was alao told kaiser offers a dollar each year as a raise. I want a place I can grown and stsy Long term. Any one have any insight on kaiser and what they offered.UCLA Health Kaiser Permanente
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Hi Team,
I gave and cleared all the rounds for TCS. Post that they asked me to update my documents on their portal, which i did last week.
But till now i am yet to receive the offer letter from their side.
Can someone guide me on this?? Is it normal to take this much of time? Tata Consultancy
Anyone want to go on a date today? 🤷🏻♀️
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138k as an ACD in San Francisco - too low?
I’m making 55k in Chicago. Am I underpaid?
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Great job. I will hopefully work until my mid 50's but then I am done too. I have a paid off home at 39 and 600k in investments with just over a million dollar net worth. My wife and I early in our career had probably $70,000 in debt. We moved to a small apartment in a cheap area and spent three years paying down all our debt. From that point forward we saved like crazy and splurged occasionally. We don’t always have the nicest iPhone but we’re going to have a phenomenal retirement knock on wood. I still listen to Dave Ramsey a few times a week just to keep my mind right and my second job is learning from personal finance blogs and podcasts.
You are an inspiration to us all!
So I had actually written out a more thorough response but the message editing function on FishBowl is capped at a 5 min window. That said, I made a typo when I wrote my original message; the thread is Financial Independence / Retire Early [FIRE]
Here’s the link: https://www.reddit.com/r/financialindependence/
Additionally I offered some advice on getting started and some ideas to help save in an area with a high cost of living.
I find it helps to always consider the opportunity cost of your purchase decisions. For those who didn’t pay attention in Econ, opportunity cost is the lost potential gain when given alternatives. A good example of this for New Yorkers is cabs/car service. Let’s say you spend only $2500 a year on cabs, well the opportunity cost of that $2500 is actually $4477 (assuming you would invest it with 6% return and held for just 10 years). Same goes for anything you spend money on, meals out, rent, etc.
The best advice I can give: learn to live with less stuff. It doesn’t even mean you have to move out of that great neighborhood you love, or not go on that dream vacation. My wife and I love our neighborhood, but it’s expensive, so we compromised and leased a 2 bedroom and rent the other room out. It saves us about $25k a year in rent to have a roommate. Every. Year. By the time we retire, that $25k will be (conservatively) more like $53k.
We also travel very frequently, but we don’t upgrade or stay in the fanciest hotels even though we could easily afford it. We stay focused on that mountain in the horizon, and we are enjoying the hell out of life through enriching experiences.
My last piece of advice: earn more money. Thinking about retirement when you’re 25-30 already gets you into the mind set of being future-minded. Start looking at your career as a game; move companies, ask for titles, seek a mentor, negotiate better, push harder, be ambitious. When I first started I was often the first one in the office and the last to leave. I take pride in my appearance, network (with follow-up), consider how I spoke and come across in every form. I went from a designer to SVP CD in 5 years, increasing my salary by 800%. This whole thing is a game, and those who play it best are rewarded handsomely for it.
I live in NYC
Congrats, that’s an awesome achievement!
This post is so amazing. I am late 30s, own my own place, have about 30k in 401k. Lots of debt and little savings. I’m super nervous about my situation but feel optimistic to turn it around. It’s safe to say I won’t be retiring at 45, but if I make it my focus, I can have a decent retirement at the average retirement age. Congrats to you!
Sorry to be the downer, but one thing I'm worried about is with the rise of the minimum wage (which needs to happen) is $90k really going to be $90k over 40+ years?
Though the goal is awesome, and bravo for killing it, just seems like your quality of life is going to degrade consistently over the next 40+ years. That risk is a lot less when you retire later. Unless you have some other income source up you sleeve to supplement?
Should have explained. The $90k per year is in today's dollars but adjusts for inflation each year. So it rised with inflation . Otherwise , yes, I would be screwed
I have not accounted for social security in my financial plan. If I get anything it will be pure bonus.
Civil War v2 happens if SS disappears. I have zero fear of that happening for anyone in the workforce currently paying into it.
I wish I could retire early. Im soooo disappointed of this business. Im 56 and counting the years. I read that based on the date I was born I can retire with 100% benefits and medicare at 67. Healthcare is costing so much that I dont see any other options. Ill start reading the website you mentioned. Thanks
Are you married
What was the average salary during this time? So jealous
Average salary over past 10 years was approx $230k I think , without getting out a spreadsheet
@VP and anyone else - care to share some of those podcast recommendations? need to start my ‘second job’ soon haha
awesome!! thank you!
@CD1 would you mind linking to that Reddit group? I can't seem to find it.
Hey OP, what city do you live in?
When you're focused on your goals, they always seem to come faster. Congrats!
“Start looking at your career like a game" is so true. been using that mentality and think I can already see the payoff
They will have to be conservative but the addition of social security later in life will offset inflation to an extent.
That assumes social security will be around in ~20 years. Given the cuts that are supposedly coming - that's up for debate.
It's SO awesome the OP is in a place to retire. They are braver than I.
Do you ever think about just doing one more year to extra pad your financial situation? I feel like I would end up doing that knowing I can quit any time would make it easier on the mind