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Hi guys I have an offer from Accenture and no issues in terms of CTC, job profile or other things. The only thing I am skeptical about is the job security. Do they really get rid of employees in a regular basis or the covid situation was a one time measure? This would probably be the last switch in my career and security would be of utmost importance to me. Please advise
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Hey, can someone from PwC SDC refer? Thank you
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Doing my taxes and realizing "never sell"
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Thoughts on annuities for early retirement?
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Thoughts on Wealth front?
How would you invest 25k? LT vs ST
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Bought 44 shares of VOO today, feels good!
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750k? JFC..... I’m at 160... and bought a 600k house and feel comfortable.
🤣 Thought the same thing... Like dude your budget is like 5mil
Read about rental laws in your state. It might be more of a headache to be a landlord vs selling and putting the money to work in the stock market.
Pro
At this income level you’ll get around 450K after tax each year. Assume you take a $2m house at 3%, annual payment is around $80-100k depends on real estate tax rate. That is still below 25% of your net income and feels quite comfortable
So: congratulations
At that salary, I’d keep the house and retire in 3 years
If you make that much money why not get a financial planner instead of asking all of us clowns how to manage your money?
you’ll be fine, your old spot is literally less than 1x your total salary.
People making 250k get 700k homes.
Also, get a financial planner my dude. A real one
You could consider refinancing your OG to a lower rate / longer term to increase your cash flow on the rental.
Pro
Why would you want to keep a home and rent it if you will only net 200? Rentals are work and responsibility and only worth it if the return is good
If someone else is paying your expenses (mortgage), that's still building equity even if you don't have additional free cash flow. Also, diversification.
All depends on you. Do you have bonuses that you prefer to save/ put in the market rather than plow into your house?
Real estate people will tell you to keep monthly payments below 36-40% of your income in order to sell you more house. I’d recommend 27-30% in order to not be house poor.
Based on your income and equity, you’ve got plenty of budget - you can run the numbers based on your current loan terms and your down payment on the new place.
Also, would you rent out one of the properties in the interim?
Yes we’d rent the OG and probably only clear about 200 a month from that. Hopefully more but we’d be surprised. And in addition to our house we both put a way a bit for savings too. At least 30% between the both of us.
If you're cash flow positive on the old house, you're comp would let you buy $3M without breaking too much of a sweat. Question is: where are you moving? Most places, that's way more house than you need
You could look at one of the many online calculators. It is pretty easy to get a good idea of what you can afford.
Why is your equity only 28% if your income is that high? I ask Bc where your money is going matters in this equation of how much house you can afford.
We just bought it and put that much down