Want to grow wealth, tips? have a condo, renting a room for it to pay the mortgage. Make a good salary but feel like my wealth is not growing not because I am not good ar saving but because I am debt/ris averse? any literature out there? thank you. Any advise very welcome

like
Posting as :
works at
You are currently posting as works at

You say you’re risk averse but you’re ~8x leveraged with 12% of your portfolio in a highly speculative currency...

like

What’s your current wealth, savings, and portfolio? You don’t need debt to grow wealth.

10k in IRA, 20K 401K, 4K in crypto. 4K in rainy day fund. Debt is 280K with the condo. I recently acquired so really mostly in debt.

I think your debt amount matters how much is for your mortgage vs other debts. Also your debt to income ratio. Are your monthly payments manageable on your debt and can you increase your rainy day fund/invest in stocks by cutting costs. Like if you make 100k a year and your condo debt is 200k I mean you’re doing better than like 90% of home borrowers. Would just pay down high interest debt if you have any first.

Also don’t think of your assets as debt (unless you’re under water). Include the value of your condo in tour wealth reduced by its debt

smart

Related Posts

CD salary in SF? Mid size shop

like

What is the starting base salary for analysts at your fund?

like

What jobs within the change management space could I get at FAANG with ~5 YOE? What is the typical comp in these kinds of roles?

like

I am in the process of negotiating an offer for a new job. At my current job, bonuses will be paid out on august 20th. The bonus is sizable so I would like to stay long enough to obtain it. Ideally, I would wait until the bonus hits my account before I put in my 2 weeks. If the new job wants me to start sooner than august 20th, is it acceptable to say that I want to stay because of the bonus, or should I give a different reason? Is it a bad look if I say I want to stay for the bonus?

like

Anyone familiar with the AWS business value economics team? Please share thoughts on culture, team, WLB, comp, etc. Thanks!

like

Starting salary for a 1st year associate at PwC?

like

What will be salary band for Accenture Strategy and Consulting at Consultant level in HCOL? 3 YOE - 2 in Industry, 1 in consulting. Glassdoor has varied numbers.

like

Any one have any thoughts or experience with principal financial group as a place to start and be in training? I was advised i would recieve 4 months salary before transitioning to commission

like

Hi, I had my Accenture HR round last Wednesday and everything was discussed, from salary structure to usual HR interview questions. I am yet to receive any communication for further processing including my BGV and rest of the process. I called the HR yesterday and said I will receive further communication. Can someone please tell me if there is a chance that they will send me offer letter or any further processing and if this is normal for Accenture to take time after having HR round?

like

If you haven’t watched “Nomadland”, stop what you are doing and watch it right now. Then think about your posts complaining about a lack of salary raises.

likefunny

New AWMA... curious to know what a reasonable salary expectation is and what the growth looks like for an associate within a growing ensemble. For context, background is more analytical, taking CAIA level 2 in a couple weeks, then plan on pursuing CFA.

like

How sad is it that my happiest dream right now is just getting out of consulting? Like nothing would make me happier, they could triple my salary and I wouldn’t want to stay. Anyone else feel this way?

like

Got a verbal offer for a job that I want. The offer is pretty good too, more in line with the work I want to do, 40% raise in base salary, and other benefits are roughly the same. Waiting on the official offer, to come on Monday. The problem is, Stockholm syndrome is real, I keep feeling bad for leaving my team as busy season is kicking off. What are ways to deal with this “guilt”?

likefunny

Question for you all: Left D to Company A for a 50% raise in TC and slated to start in <1 week. However, just got an offer at Company B for a 100% raise in TC compared to D, or 30% raise in TC compared to company A. Both firms do similar work but B provides a more solid comp package. Job duties would be relatively similar. Is the % jump worth burning the bridge? Would have chosen Company B if the offer came sooner but the % difference in A to B is at my [personal] 30% threshold. TIA!

like

What kind of split does your firm give you for bringing in cases? Trying to negotiate with my firm for an increase. Currently, I get 15% plus my base salary.

like

Altman Solon: what is typical comp / level for an experienced hire with 3 yoe? I’d like to understand pay and progression to see if I should engage with the recruiter. Thanks.

like

Anyone know how associates in Valuation(TS) do bonus wise? Looking for rough percentiles. Also any info on how fast base grows

like

What is the salary range of Consultant and Manager in Accenture Capability Network?

like

Is $130k for Accenture consultant level with 9 yoe in industry, 0 yoe in consulting asking too much? I understand there are standard salary bands for different levels but it seems crazy they wouldn’t be willing to start someone higher with so much industry experience.

like

How long do I have to stay to get my year end bonus*? (*if it exists)

like

Additional Posts

How can I prepare for CISA Certification ? I am a SAP Security Consultant.

like
like

Best SPG property in Hawaii?

like

Has anyone had COVID with fatigue as your only symptom?

like

CD salary in SF? Mid size shop

like

Really would like to start trying for a baby end of next year with my husband and have the conversation now but so anxious just in case he isn’t ready... I want the timing to good for both of us

like

What is the starting base salary for analysts at your fund?

like

Interviewing from T2 to MBB, experienced hire. Anyone knows how much more difficult the interviews would be compared to entry-level interviews?

like

What jobs within the change management space could I get at FAANG with ~5 YOE? What is the typical comp in these kinds of roles?

like

PwC Director Sabbatical is a joke. They tell you it is 4 weeks, it is actually 3 weeks plus one week of your vacation, and good luck trying to take it.

like

Hello Everyone! Thinking of possibly taking a full-time senior producer role (will be integrated). I’m currently freelance and trying to figure out what would be the appropriate translation of pay from freelance to full-time. Does anyone have a helpful “equation” to go about this? Would be so appreciative of any input! Thanks so much!

like

Possible to go from B4 to IB, if you are already post-mba?

like

I am in the process of negotiating an offer for a new job. At my current job, bonuses will be paid out on august 20th. The bonus is sizable so I would like to stay long enough to obtain it. Ideally, I would wait until the bonus hits my account before I put in my 2 weeks. If the new job wants me to start sooner than august 20th, is it acceptable to say that I want to stay because of the bonus, or should I give a different reason? Is it a bad look if I say I want to stay for the bonus?

like

How has ibanking and lower - middle market PE been impacted by the coronavirus market?

like

TFW you're already sick of winter and realize winter hasn't even officially started yet.

like

End of Year Sign Out Poll: I’m curious how many teachers are required to: give up their keys at the end of the year even when they’re returning, clean out their classroom even when they’re returning, do intensive cleaning/janitorial duties before signing out, or other ridiculous procedures? (My answer in comments)

like

Anyone know what Weil’s average hours are like given that they don’t have billable requirements? A lot of people say big law comparable but I know some people in big law shooting for 2000 and some shooting for 2600 and those are two very different worlds. Was considering applying to a role there but wanted to get a feel for what this really equates to.

like

What are some good exit opportunities from workday consulting that don’t necessarily relate to continuing working in workday

like

I should probably move my money out of Bank of America. Where is your money? Local credit union? Black-owned bank? Is OneUnited Bank legit?

like

How would you culturally fit the big 4 into MBB and which big 4 gets left out?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
Download Fishbowl to see what others are saying
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the Fishbowl app

Get realtime notifications and see
what's happening in your industry
from the palm of your hand.