I find this bowl both inspiring and depressing as I’m at the lowest of lows in financial terms of my life. Ugh.

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I think there are a lot of people in this bowl born on third base that pass it off as getting there themselves.

Have to filter out those types of posts

likehelpfulupliftingsmart

It is probably a cop-out. I was gifted some valuable knowledge and taught really great lessons about financial self-sufficiency(my Mom called it character building). But I had some hurdles to overcome...my Dad still owes child support at age 73, if that gives you an idea! For example, I bought my first car for $1,000(it was born the same year as me)...had my first job at 15 to pay for said car. I have spent the last few years talking with a lot of folks in the FIRE crowd and almost all of them were not given much in the way of financial resources...however, most of them had a very good education...either formal or informal. I can say that I am highly privileged to receive a great education...but I paid for all seven of my years of college myself! The informal education was key for me...who else had a grandmother who told them what a Roth IRA was in like 1998 when they were passed into law? Anyway, it is the knowledge and the discipline to act on it...I was fortunate to receive equal doses of both growing up and committed myself to continually learning and improving...but I had far less material possessions and money thrown my way as compared to my peers. Just my two cents.

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If you’re on this bowl, you’re doing ok.

likefunny

Do things on your own pace to make progress. Only you know what you need now and in the near/far future. Don't fall for the trap of keeping up with others to the detriment of other important things.

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Would you like to vent? A lot of us on here are very supportive. There's trolls too, but I'll say, you can count on me. Please share.

likeuplifting

I feel you OP. Don't compare yourself too much to others. I find the "what's your net worth" questions of little value (not useless) to me bc everyone has different circumstances. There are a lot of good questions being asked/answered, and use those to set a goal to work towards

likeuplifting

OP- I can assure you there will be someone that has lower savings than you but you can’t compare what you have with other people. Life is always unfair on many things ....... just cherish what you have and make effort to live a good life...... that’s all really matters at the end.

likeuplifting

We all had to start somewhere. Feel free to post if you have questions or if there is anything you want bounce off of anonymous strangers. Like VP1 said, there will be some trolls, but mixed in you might find some good advice.

Also remember that we aren’t your fiduciary and this is anonymous advice, so pick what sounds good and do your own research or talk to a financial advisor.

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@op - what’s your ultimate goal? Then break it down by month to get to what you want

Break it down and it’ll become more manageable. Otherwise it’ll stay overwhelming. Do you have a budget? Do you have an emergency fund? Do you know of all your debts? Have you set a timeline for when you want all your debts paid? Are you maxing out 401k? Roth IRA? HSA? And then saving in a brokerage account?

helpful

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So, how much money you all making? I’m freelance and did 85k Los Angeles last year.

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Need to purchase Dryer Washer for our new home in 30 days. Any recommendations and suggestions for ways to save some money

likehelpful

Looking to learn more about investing - any recommendations for insightful and interesting books?

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I’m wondering if it’s best to have both 401k and IRA? Do most people? Why / why not?

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just joined..in t&t, do you need to report a loan if u have the cash to pay it off and just choose to pay it incrementally? and how is that viewed in terms of your independence? thanks!

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snap and pinterest both beat earnings and revenues but Pinterest stock declined, likely because they said increased users means increased costs. Is that not true for SNAP as well? Why didn't SNAP drop

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Does anyone else partake in foreclosure auctions? What's your criteria when you scout out the property?

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Anybody thinks that the student loan forgiveness will pull through at court?

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I would like to diversify my Roth IRA a bit more but I’m not sure how too. I would like a little bit of everything everywhere. I’m not sure if that’s even a good strategy.

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I know basics about stock market but trying to learn more and also learn about shorting, buying options, etc. What us the best resource out there?

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I have 26k IHG points expiring 12/31 and no plans to stay at an IHG property in the near future.

What's the best way to cash them out? I was considering transferring to an airline but conversion is 5:1 and only in increments of 10k...

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My spouse and I are applying for a new mortgage and my lender looked up our credit scores and suggested that the mortgage is done only for me and not include my spouse as my score was in the top bracket. She is earning as well and i wanted to understand the risk of taking mortgage only on me:
1 - will we end up having issues filing for taxes jointly and show deductions etc?
2 - will there be issues with joint ownership (title) if the mortgage does not include us both?
3 - any other risk/benefit

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Need advice. 44 single female with 250k cash in bank, 140k in 401k, 15k in CD with 2.25% interest and 200k home mortgage. My taxable income is 230k with bonus. Have opened a trading account in (contd

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Genuinely curious, how much cash do you have in your savings account right now? Not stocks , 401k, CDs, etc etc.. just straight up cash..

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Should we wait or sell the SAP shares as it just came to good level from a recent low? And one more thing should we continue to own SAP?

Looking for some objective response based on financial numbers if anyone can share.

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Hello, I had twitter in my brokerage ( fidelity , vanguard account ) but I can't find it anymore.. can anyone with Twitter shares confirm if they are still able to see it?

I aspire to have a net worth of Rs. 200 Cr by the age of 50.
I'm 21 now.
What are the probable options or paths on which I can walk on to achieve my long term goal?

Thanks!

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Someone help convince me this is a bad idea

TC $170k
Currently have a $30k trade in car and I’d like to buy a Porsche 911 used (~$75k)

I have no other debts and currently rent for housing. How bad of an idea is this on a scale 1-10

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My new company policy is to have Zoom videos on in calls, and we aren't allowed to have virtual backgrounds. I feel like this is a violation of privacy because I work from my bedroom. What can I do?

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It’s Tech Talk Tuesday! Share your favorite program / system and how it’s help you elevate your career! I’ll go first…Trello is a free project management tool that helps you organize and optimize tasks. I use it with other tools (google forms and tmetric) to curate the creative brief process, plug into a production pipeline, consolidate and streamline communication, and track status / hours at no cost!

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How do you deal with international suppliers? We work with a company in Mexico for school supplies and they literally stopped responding to all communications after we sent them their yearly fee. We've worked with them for 3 years so this is definitelt weird, but who should I contact in case I don't hear back from them?

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Don't miss out ASA Aging in America Conference 2024 - American Society on Aging on March 25-28 2024! Recommended by Brigan Ford at 2022 NPA Annual Conference via Whova event app

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Looking for hotels near parel, Mumbai for a 4 day stay. Any reference

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I am in last 20 days of my notice period holding an offer of 35+2 jb...other companies are now willing to go above it, should I consider it.. companies in line are KPIT, BNY Melon,Iris. Current offer is from brillio. 8YOE Java fullstack.

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LTI HAS TRACKING SOFTWARE MEANS WLB NOT GOOD COMPARED TO TECHM, TCS, INFOSYS ?
Larsen & Toubro Infotech

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Anyone here working at Dreamworks Animation, @disney studios, @cartoon network Dreamworks Animation or Nickelodeon

My 19yo daughter is attending a State school for animation and she’s worried that it’s not a top school for job placement. Her professor pointed out that she’s “too talented” for the school she’s at now. She’s thinking to transfer to a top school in California or FL

I’m looking for creatives working in animation field or related who can provide some mentorship to my daughter.

likeuplifting

Why would a business choose to hire an agency instead of going the much cheaper route and hiring a freelancer?

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I need healing

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likefunny

Hii,
I am functional manual test engineer with 2 years experience, currently searching for job offer in canada .
If anybody could help me out in job hunting or referrals it would be helpful for my future.
Thanks in Advance.

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Hi, looking for opportunities as Business Analytics/ Data Analyst. Total exp 13 yes, business analytics experience 3 yrs. Have rich experience of project management/ Planning.
#immediate joiner

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If anyone in the US is looking for a job in the field of civil/construction/environmental engineering doing a wide variety of work in real estate land development shoot me a DM. Remote and Hybrid options.

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Does anyone have any suggestions on how to get into project work or contract work? I’m hoping to leave public by January and need a break from corporate America for awhile. I want to stay remote and not be committed to 40 hours a week.

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The beauty to beast pipeline

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How do you signal to FAANG companies to look at your LinkedIn profile? Only get other consulting firms viewing it/ reaching out for ops.

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41F, just found/joined this bowl and the bowl picture is cracking me up 🤣🤣🤣

likefunny

Anyone from AMDOCS here?
Need referral!
Job id: Business Analyst (165733)

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I am planning to shift to Dubai with my wife. Looking for opportunities.
I have 14 plus yrs of total experience with 9+ years of experience in Java, Springboot and Microservices. I work as Tech Lead.
My 13 years of Work experience is in Financial Domain.
1. How much Salary should I expect ?
2. How much is enough to live in Dubai in a good way without compromising on lifestyle.
3. My current CTC is 37 Lakhs INR (Inhand 227000 per month)
Thanks in advance

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What does your typical day look like?

Just curious how much coding / building happens vs manual testing

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Additional Posts in FIRE Financial Independence Retire Early

I really want to move out of my parents place for social reasons etc. I still hangout with friends a lot but it’s just a hassle having to drive a hour or so to kick it with them. So my dilemma is I enjoy saving $ on rent (yes I know can’t have both) but the main reason for me moving back home is so that I can save and buy a house. On the flip side with how expensive houses are right now it’s hard to even buy. I’m in CA btw SoCal. If anyone has any suggestion of places to live for a 26 YO TIA!

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How do you do your retirement savings calculations? Online calculator? Your own excel spreadsheet? Any caveats you plug into the model? Hoping to improve mine, TIA!

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Any market considerations before refinancing my student loan with current rates? They’re giving me a .75-1% drop.

It’s worth it to refinance at this rate to save paying $1000 of interest albeit credit gets hurt. My only concern is missing out on inevitable lower rates forthcoming.

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What withdrawal rights do you use in your model? Is 2% too conservative? 4% too aggressive? Also how does retiring early factor in? Does the traditional 4% assume you are retiring at 65?

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What’s a good, practical tax book to read for someone who knows nothing about taxes? I feel like I should familiarize myself with them but don’t know where to start/find the topic very overwhelming and dense even as a finance attorney. Welcome to other beginning finance book suggestions too! (Already read Kiyosaki and Ramsey)

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Does anybody work a part-time job for spending money? I’m considering working one retail shift a week purely so I can have some frivolous spending money that doesn’t impact the budget. Is it crazy to kill 6 hours a week for less than $250 a month?

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Any advice on ways to increase your credit score to offset a young credit age?

Moved to the US 5 years ago and wasn’t able to get any sort of credit until 1 year in so my average credit age is low and score is always taking a hit for it.

I live in NYC so no need for a car/car loan and I don’t have a mortgage. I’ve got 2 credit cards with reasonable balances and I have one small personal loan just to show diversity in accounts.

This system is crazy. Any help appreciated

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Hi All - new to FIRE and trying to make the right decision around investing my bonus. My company works with Fidelity but I've heard so much about VTSAX. Is it worth opening up a Vanguard account for post-tax investments or are FZROX and FSKAX true alternatives? Thanks so much

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Where do you all want to retire? Share your retirement location goals and reasoning!

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Is the internet saturated with early-days FIRE blogs?

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Passive income ideas for consultants...real estate, Stonks, what else?

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25 with the partner and I being 50/50 on kids down the road.