Those who invest in residential real estate for passive income — looking back — what do you wish you knew before purchasing your first property? What would you have done differently?

I get credit alerts from Experian/ TU & was told two email addresses were found on the dark web. Have been hit w fraudulent charges in FL via Chipotle app; rec'd email that said sender knew my password (was partially correct) & was going to send nude pics of me to my contacts; rec'd email from Best Buy about my email being used to reset my pword (don't have BB acct) & today was notified of a declined transaction in Canada (I'm in TX). Besides changing pwords/ replacing cards what should I do?

Any one have other Dallas based sources of income? Tips?

Currently 25 years old.
Goals:
* Own a home in a HCOL
* 2 kids (eventually)
* Retire at 50 on $125k/year.

Envelope math:
* $125k/year would require an investment portfolio of ~$3M.
* Targeting a $2M home (split with partner)
* 2 kids - $1M to raise both (including college fund, split with partner)
* $500K buffer for unexpected expenses
* 33% tax

Therefore, 6.5-7M retirement savings needed. To hit this (assuming 6% return after inflation), I’d need to save ~$110k/year.

How does this sound?

Can someone please explain to me how carry compensation works? If I was told I was granted $125k of carry into our fund? I heard the words “dollars at work” a few times

What does 401k mean?

What's the best 529plan? Heard Vanguard Nevada plan is popular due to low fee, or NY state one gives tax benefits upto $10k (but not sure if it matters for NJ residents working in NYC). What's the criteria for deciding 529?

How much rent should I be paying?

Finding a house-share with enough working space for wfh seems expensive since I first moved to London 4 years ago - £900+ pcm and still competing for the room! Is it worth just trying to rent solo a little further out for ~£1,300pcm? Big issue is I’m only earning ~£45k with 4yoe.

Hi Fishes!

My cousin has moved to another company from DXC technologies.
In DXC, PF amount is not credited in to EPFO directly.
We have UAN and it looks like not activated.
How can we transfer PF amount from DXC to EPFO portal?
There is no relevant response from DXC till date.

I'm relatively new to stock market investments and have tried to build a balanced portfolio for the long term. Should I hold the stocks for long term or does it make sense to book profits in between ?

Best ETF to invest in? I’m 24 looking to invest about $50k and don’t know where to put it. Nothing that’s super high cost or risky please

Anyone here into buying distressed commercial debt from banks and collecting on it or selling the assets?

What’s a good baseline amount to keep in a checking account? I generally keep mine pretty low <1000 after paying CCs then dump the rest in savings. As I’m building a rainy day fund and then I will start contributing my brokerage account.

For reference <1 year experience at $4500/month (after taxes and 401k contribution)

Let’s do a goal setting / manifestation share?

By December 2023, I am age 30 and Have saved at least a 12 month emergency fund ($30K+) and feel secure in my finances.

By December 2025, I am age 32 and earn $210,000 AUD annually.

By December 2028, I am age 35 and have saved the full amount of $850,000 AUD to buy a four bedroom home outright in the Dandenong ranges on private peaceful acreage with my partner and spend my time educating others about personal finances.

🌏⚡️✨

Putting an offer on a condo, do the folks on H1B include any visa clause for out? How do you factor for contingency when your visa is pending the regular renewal/ extension considering i140 is approved ?

Currently on short term disability in CA and trying to figure out what the tax situation is. It looks like they don’t take out taxes, so should I set that aside? I can’t find any info on whether it’s tax-free income but I definitely don’t want to assume incorrectly

I’m looking at a master bath renovation this year. Not moving any fixtures but more of a facelift. What are your best tips to save money?

What’s happening with $GHIV today? Took someone’s recommendation to buy a couple options and I’m +50% out of nowhere. Wasn’t expecting this to kick in until closer to the January merger date. Keep holding?

How Boomi(Previously known as Dell Boomi) as a company in terms of salary, work life balance, work culture and job security.

Can anyone suggest change of status from H4 to L1B is better or fresh L1B from India?

Hello Fishes, please refer me if any Cards BA opportunity in your organisation. TIA.

Can anyone refer me for open ensemble health jobs?

Is it normal for a company to directly share offer letter to sign without me accepting verbally, they know I have competing offer.

Does having AWS Certification help H1B case?

You know that dialogue from Farah (Anushka) in Dil Dhadakne Do “Tumhare paas dil hai, dimaag hai. Dil se faisla karo tumhe kya karna hai … dimaag tarkeeb nikaal lega” has been on my mind lately.
I need my work to have meaning and what I’m doing isn’t it. Problem is, I haven’t figured out what “it” is and too afraid to leave for the security/lifestyle it provides.

Hey guys,
Can you please help me with interview process for "AthenaHealth".
I am a 3.5 YOE Java Full stack professional
Skilled in Java, Spring boot and Microservices.

Exploring the pivot to Sales Engineering and have been in touch with a few companies. What can I expect during the interview process? Any tips for success?

Anyones firm still hiring entry level, under 1 YOE. In Chicago?

How are there over 100 people in this bowl but no convos. Are you all secretly in a relationship and lurking?

Hi fishes!

Looking for switch, I have overall experience of more than 4 years in IT, FinTech industry combined.
I am Engineering grad in ECE, Post that I have worked in TCS for around 3 years in SAP ERP as implementation Team member.

Post my PGDM- Financial services from reputed institute and got placed in Arcesium a FinTech company providing hedge fund accounting solutions to Hedge fund managers. I am working as part of Client onboarding Team.

Have exposure to data migration, recons.

Thx

Accenture or IBM is better to join? Reason?

So are the layoffs at Deloitte over ?

I would like to hit fire between 40-50. Currently 27, 185k total comp (125 for me and 60 for partner). Like my job don’t hate it don’t love it. Does an MBA make sense? I’m guessing it could take me to 170ish with that schools I’m looking at but wondering if the 40-50 retirement range makes an mba not make sense since I’d only have 10-20 years to save vs 12-22.

Would have to finance the whole thing myself. Current net worth is 140k. Thoughts?

Decided to payoff my mortgage.

How concerned are you about inflation? We have 70% savings rate and 50% of our expenses are housing / utilities of which the largest part is rent which is a fixed contract (no CPI escalation, no automatic increases, paying same rent for 4 years). No car as we are living in a large city. So if I look at the components of CPI and what’s rising I am feeling pretty „good“ about it. The one thing I am „worried“ is asset inflation but obviously that benefits me directly. What am I missing?

Why does TD have two trading apps and which one is better? Currently downloading thinkorswim

Why are FIRE minded people into having multiple investment properties? It sounds like a nightmare having to deal with tenants and if you want dividends, can’t you just invest in REIT or preferred stock ETF? Are returns that much better?

Option 1: margin loan based on brokerage account assets, Option 2: home equity loan on a paid off property. Looking to use the cheap debt to DCA invest in the market over the next few months. Have reasonable risk appetite, thoughts on one vs another?

Have 700K USD worth of invested assets (less real estate, cash/receivables, and precious metals). if I need 4K USD per month for expenses, can I now coast?

Any investment ideas outside of the stock market? Considering farmland but wondering about other options

Still using Ally Bank savings account, but the APY had dropped to .60%. Time to move. Any recs on personal savings account? This is my emergency “savings”

Can I do 1031 exchange with the profits from the sale of a second home into the purchase of a primary?

Turning 28 and hit $300K NW today. Never formally FIRE’d but want to set out a plan for here onwards. What’s some good material / easy reading to start with?

How do you invest and save for your children? I’m thinking about setting them up with custodial brokerage accounts but don’t want them to have a heyday at 18. Did you create irrevocable trusts or?? They are too young for earned income and I don’t own a business so no IRA investing opportunities here.

Did anyone keep their HDHP through the birth of their child? Any regrets not going to the traditional PPO?

Need an opinion on the Vanguard VIGAX/VIGIX. I’m index riding with that fund but am wondering if I should shift my risk and go with VT or another Vanguard fund. Thoughts?

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)

Are y’all waiting to do a mega backdoor Roth to see what they do about build back better this year or just moving forward with it?

How’s would your FIRE impact if market corrects 20-25% from here?

I am not originally from US but I have been living and working here since 2018. Unfortunately I do not have any knowledge in IRA, Roth IRA, Backdoor, etc…so for for now what I do is to max out my 401K just to match what my employer pay and I invest all my money using an investment account with Merry Linch (guided investment).
Is there an easy way to learn more about this topics? (Something very simple like “for dummies”) everything that I found so far is confusing to me…

How are everyone coping with the tech shares selloff? What a huge loss are we seeing in our stonks…