Conversation Starter
Related Posts
What does 401k mean?
Enthusiast
More Posts
Received an offer as Engagement Director from Salesforce (CSG, pre sales, L9). Great benefits package, 40% increase in total comp and better WLB.
I do love the people in my practice and current client, but career trajectory has stalled after taking parental leave earlier this year and (yet another) change in leadership.
Realistically, making to Director is 2-3 years away and will require sacrificing time with my family that I am not prepared to give up.
Should I stay or should I go?
Conversation Starter
Any Ohmies in here? $OHM
Wtf just happened to TSM?
Enthusiast
10/13 Thread (General):
Conversation Starter
Anyone got salary today??
Additional Posts in Personal Investment Chatter
Microsoft vs Apple vs Amazon, please suggest
Conversation Starter
GME and AMC are not doing well today 😂
Rising Star
Conversation Starter
New to Fishbowl?
unlock all discussions on Fishbowl.
I'm in the UK with 3 months notice, I sleep like a baby
I just got mortgage couple of months ago too. I’ve been speeding my career and I’ve had high demand jobs for the past 4-5 years.
I’ve had crippling anxiety the first 6 months of every new job or project, and that was before the mortgage.
For some reason the mortgage payment is not stressing me out that much. Probably because I don’t mind repetitive things in my life, and mortgage payments being set on autopay is out of my mind.
It’s usually unforeseen smaller expenses that bother me more.
I have a few tiers of finances to keep me afloat as I trim down my expenses in the case of job loss. For example I was using margins in my portfolio and had to push cash in to stay away from margin calls when the market started dipping last month.
“Fortunately” I grew up poor so I can get pretty lean with my lifestyle if need be.
Idk what to say, maybe create a budget and separate accounts that are used for funding your mortgage payments and recurring expense, and don’t look at that account at all.
Out of sight out of mind.
Conversation Starter
Worrying is like a rocking chair. This used to bother me at first but honestly losing a job isn’t the worst thing that could happen to you. As long as you are willing and able you can always find something else. Look at ways to create multiple income streams. I was so scared early on in my career and would of taken more risk.
IMO it’s better situation to lose your job as a homeowner than losing your job as a renter. A landlord can choose not to renew lease if you’re not making 3x income, even if you have savings and a history of on time payments. Lots of sad news stories about landlords kicking out renters because they’re not working due to cancer treatments. Once you’re a homeowner, the bank doesn’t care if you’re making the payments through your paycheck or savings, they just care theyre paid on time.
I have made it a habit of setting aside some cash from my paychecks for a rainy day fund so I no longer worry. You can rent out a spare room or two of your house or even your couch on Airbnb a few nights a month if need be.
Enthusiast
Is paying a mortgage that different than paying rent?
Conversation Starter
Feels like there’s more to lose yeah
This is why you need an emergency fund. If you have one understand that losing your job is normal. Having the fear of losing your job is normal. But some things are out of control, you did what you can. That's all you can do.
I think you should pay 1.5 X of your monthly payments and just forget about it. Incase of an emergency the bank will give you a few months break based on the extra amount you already have paid
Every quarter for almost a decade as layoff became an annual (or twice a year) event starting before 2008 Great Recession and went 2018-ish (ran out people to layoff). After awhile, you stop caring and always watching your back but impossible to ignore as people you know are impacted.
Never. I work in retail banking. Just started a new position. Just depends on your career I guess. I'd just make sure you have 6 - 12 months worth of emergency funds saved up. That way something happens, your good and can find another job.