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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
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I was in the final stages of an interview with Microsoft two weeks ago, in partner marketing. Then the recruiter told me they were putting the hiring process on hold to assess the need for the role. Well, then we heard about Microsoft layoffs last week. Seems like most were in Xbox and Project Alpha but there’s not a lot of information out there. Should I hold out any hope that I’m going to get this job? Any insights on how much these layoffs have impacted the marketing org and/or new hiring?
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Pay yourself first. Max out your 401k and fully fund a Roth IRA for the year as well.
You gave a huge income range. I’m assuming a large portion of that is commission or some kind of not-guaranteed bonus. Size your lifestyle to your base salary only. Any commission or bonus is just gravy. If you size your lifestyle to compensation that’s not guaranteed in anticipation of its arrival, you will be putting yourself in a pickle.
Yeah, fair. Guaranteed income is $300k so I guess that's what I should plan for with $0 in commission (Though to be fair, if that was the case I won't keep the job for long lol)
Live like no one else. If you were use to 75...and now have doubled your income. Max out 401k, save a crapton of money, invest, pay off all debt, etc. But that would be me....
One of the big things I learned from Ramit Sethi is that attitudes towards money don’t change, no matter how much you make. I have been able to not feel as anxious about money these days, but overall, my focus is to save and invest, then take care of business and enjoy what’s left over. It’s helped me feel a lot more financially secure.
My question is how did you do it?
Congrats to you!
Don't increase your lifestyle for the sake of it. If you don't know what to spend it on, then it sounds like you're pretty content. In that case, pay off any non- mortgage debt, then give, save, and invest a ton.
Also, it may just be semantics, but don't invest your emergency fund. Put it in an HYSA. Invest for the long term.
Makes sense, just thought having a higher income would increase quality of life, don't see point of it outside of a safety net for emergencies, which don't get me wrong is fantastic. But assuming insurance covers what it should, money will most likely sit in high yield accounts, investments, etc. for the rest of my life, I suppose.
Good for you, don't force income creap. If you feel satisfied with where your lifestyle is at, enjoy that! Lifestyle can and almost always does start to catch up with just about any income. For some people this happens faster, for others this happens slow.
Like others said keep saving. Even if you don't need the money now you may in future. It can also enable things like retiring early and giving you financial security even if this job doesn't last. Entering a financial place where you are no longer dependent on your job is a very rare and freeing thing that you have the potential to achieve. If retiring early doesn't appeal, this can also enable you to be much more picky with future positions and allow you to eventually only focus on passion projects.
If you are really, really looking for things to spend on that can increase your life satisfaction look at low to moderate cost things that:
1) Free up your time from tasks you may not enjoy (maid, meal service, etc)
2) Improve your mental health (quality time with friends/family, hobbies, therapy, etc)
3) Improve your physical health (gym membership, personal trainer, nutritionist, regular check ups, etc)
4) Give your life more meaning (contributing to a cause you care about, etc)
Taking some time to see what interests you and where you want to spend your money will help as well.
One of the things I have started to do is go to one or two fan conventions a year in my local area (Seattle). The other thing is going to more sporting events and an occasional concert. UW has just joined the Big Ten Conference, which is the conference that the university in my hometown helped form. Therefore, I am attending sporting events at UW when the teams from the university in my hometown play. I hadn’t been able to go to any of their games for 36 years, so this is something I’m really excited about. For me, it doesn’t matter what the sport is…I just want to be able to support my team in person again.
So I would think about your interests and hobbies and spend more on the things you love and are most important to you. Being able to do that for myself was a MAJOR game changer.
If you still living at 75k lifestyle; keep doing that; set your finances to auto pilot; then enjoy what you’d like modestly for a while
When I started earning a lot more money, I started maxing out my IRA and my HSA accounts, made sure that I invest what I need to invest in my 401(k) and just reached a big goal for my emergency fund. I continue to contribute some to my emergency fund as well as another savings account for wants (fan conventions, vacations, new vehicle, home improvements), as well as doing some investing outside of my retirement accounts.
I have about the same lifestyle as I did, but I’m just making sure I also set aside money for the things I really love to do that I wasn’t able to do before.
Rising Star
Save! Create a monthly brokerage purchase on top of your tax deferred accounts. I did a nice job of saving and investing without lifestyle creep. I’m now a point where I pretty much could retire if I wanted to and I’m more comfortable spending current income without worrying about the fact that my saving rate has decreased.
Your income exceeds the Roth IRA contribution. But you can see if you can do a mega back door Roth IRA. Max out hsa contribution. Find a good cpa. Buy property. Learn Bogel principles. Have fun
I would say invest in your health. Buy better quality food, organic even, take good quality supplements/vitamins, buy hygiene/cosmetics that are good for your body/skin.
If you aren’t physically active, buy stuff that will make you more likely to be. So if you need a nice new pair of running shoes, or want to get a gym membership, I think you should spend the money to do so.
These are investments in yourself!!
Btw if you are looking for a findom DM me