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Coach
Newbie to investing and never invested in a company that went through a reverse stock split.
In theory, I understand the market value should increase but I’m not seeing this reflected in the price and naturally my book value/ share is very disappointing.
A) When should I anticipate the stock appreciation to occur?
B) What’s the next move for companies that do this? Issue more shares?
TIA!
https://finance.yahoo.com/news/retransmission-hive-blockchain-announces-5-100000300.html
Anyone has insights on GA Insights team?
Did you mention which company you were with?
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Decided to payoff my mortgage.
Coach
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100%. It’s amazing how quickly we feel underpaid after a raise.
I’m also fully adjusted to the consulting/travel lifestyle and find myself very unwilling to sacrifice luxury.
It’s totally normal and hard to not feel that way...if we had to really tighten our belts, then it would SUCK hugely
But the bright side is...you would adapt to that as well as long as you weren’t starving and such. It works both ways unless you choose to handle it negatively
I consciously switched my lifestyle and consumer habits once I decided to pursue FIRE. That meant actively following the philosophy of minimalism, being happy with less, and valuing the non materialistic aspects of life. I am more satisfied and happy at $150k despite spending less than I did back when I made $60k (I’ve stayed at a ~$3k monthly spend all these years). All the extra savings go right to FIRE.
Yep I agree. I estimated my cost of living us a little buffer, then set the rest to go to a savings / investments. After my first paycheck of each raise I calculate the difference and up my automated savings by that amount. If my buffer gets to having a lot in the bank I will do a one time larger transfer to savings. Keeps my spending to about the same amount, and really try to justify if I need to increase or not, which hasn't been much at all in the last few years
Our lifestyle hasn’t changed much at all, but I would surely miss our large savings
We are now well aware of these pitfalls of the brain and it is up to you to avoid them if you wish.
Look up “The Science of Well-Being” on Coursera if you want to learn more. One of the most useful classes I have ever taken.
Practice gratitude, mindfulness and conscious appreciation of the things you already have.
Wait, is being upset when you don't have an Amazon package for a while a real thing? I don't use Amazon so this is all new to me.
I mean this is where a budget and discipline comes in, doesn’t it? It’s hard especially when your pay is halved, but it’s not something impossible for humans to do. Obviously some fixed costs complicate the like mortgage payments.
After grad school and starting in consulting, I maintained my grad school lifestyle in order to pay off my loans. Then after I paid off my loans, I continued to maintain that lifestyle in order to FIRE. As a result, even as I continue getting raises, I'm often genuinely confused when my paycheck comes in - like, what am I supposed to do with all this money, when are they going to figure out how overpaid I am? (I'm well over the $100K mark at this point.)
In short: it will be easier if you don't move your baseline at all. So your first step is to do everything you can to STOP where you are now. If you get a raise this year, pretend you didn't - put it right into investments.
Then start taking small steps to ramp your lifestyle back down. The key is to REPLACE things, not just eliminate them. For example, if you've got a latte habit (yes. I'm going there. we all get paid well in this bowl), get a mokka pot and a $5 milk frother and frame it as, "I'm someone who makes gourmet coffee in the comfort of my home." It's a new hobby, NOT a loss. Got an expensive clothing habit? Read "The Curated Closet" and frame it as, "I'm choosing an intentional, fashionable lifestyle" and then start crawling EBay. It's hard to eliminate, but replacing can be fun.
Your goal should be to work towards 0 debt and maximize a blend of investments and safety nets. That means just because you make $200k you should have a $4400 rent payment. The risk is higher to disrupt your life the more money you make if your lifestyle only grows with your income. Enjoy life but also have a plan b.
We have increased out HH income in the last couple years by quite a bit and have so far put all extra money in savings. We are in the process of buying our first home and expect our coliving to go up with that, as well as with the kids getting older and needing more clothes etc but overall will not increase lifestyle.
This is where paycheck allocation comes in useful for me. We can set up two direct deposits at ACN. So my solution is only putting as much money as I’m willing to spend in my checking account
Since our income has increased our relative breakdown is about 1/3 each to taxes, savings, living. About 5 years ago it was probably more like 20% taxes, 30-40% debt payments and the rest to living.