I love working remote because I hate commuting, but I admit it gets lonely. I do sometimes miss being with colleagues and making work friends IRL. Some days I also realize it’s 6pm and I haven’t left my apartment, which maybe isn’t that great for me mental health sometimes.

If I were early career, on-site with growth. Nicely established in my career, probably remote.

A lot of relationship building happens in person and through small convos here and there. And relationships are what drive a lot of effectiveness (and promotion) in a role.

Get a personal shopper at Nordstrom or Barney’s. They supply this service and will do all that for you.

You are looking for "inversed" etfs.

SH ProShares Short S&P500 \[‑1x\]

PSQ	ProShares Short QQQ	\[‑1x\]

So, made a gif movie of something that doesn't exist yet.

A bunch of people sent you money based on this promise.

Now you need to actually deliver the product or you will have a lot of angry customers.

If you want to climb the ladder and have higher financial goals then go for the $130k job. 

If you like where your at salary, lifestyle, etc then stay at the 85k. 

Just know the higher paying job is going to be like $1,200 more a paycheck and also raises the ceiling on future jobs and raises.

The big advantage to owning is locking down your costs.  Renting means you will keep getting your rent increased.

Focusing on dividends is a fallacy. Total return is what matters. This is a well-settled matter, both academically and empirically.

Reminders:

If you get a job without ever speaking with someone directly (phone, online meeting), there's a 99% chance it's a scam. 

If you get a "job" and they say they're sending you a check for any reason (e.g., to buy equipment), there's a 110% chance it's a fake check scam.

Edit: also, as OP notes, scammers are impersonating real businesses and employees of those businesses. In recent posts on this sub, we've even seen them registering domains (for their email) that are similar to the company that they're impersonating, e.g., <companyname>jobs.com.

I swear they all hate loyal customers with good history.  It's like they prefer to have people come and go to make their pool random and not biased in some way.   Always shop rates

Laddered Cd's based upon when the funds are needed. Higher yield and FDIC insured.

Wife uses personal stylist/shopper. Unless it’s a unique piece I’ve been eyeing, most of my wardrobe comes from stag and blue owl. Not only great clothes but the folks working there are enthusiasts and more than helpful.

Edit: lots in here are saying cool sneakers and basic clothes. This works but fit is everything. You can make even cheap clothes look a million times better with good tailoring. That, and keep a decent haircut/hygiene and you’re ahead of 98% of people.

Then don't own a house. 

One big financial benefit of owning it is that you're forced to pay the mortgage, which is a form of investment. If you're renting you aren't building up equity, so you need to be saving and investing alongside paying the rent. If you have the discipline to keep doing that, you can end up just as well off financially.

You didn’t mention how far the commute is, but if it’s under an hour that 130k remote is absolutely a no brainer for me. $200 more a day to commute, yes please.

Ride the wave while you can, but given how low effort this is, you’ll probably have to deal with a flooded market in the near future.

My suggestion to anyone who is building products that rely heavily on ChatGPT - be cautious and keep in mind that the only real winner in the end will be OpenAI.

They’re losing a good amount of money on it right now, in order to drum up excitement and get the public to create tons of utilities and products that centralize around it. I imagine there will be a day where they will begin to hike rates to move towards profitability, and hoping that everyone is too embedded or reliant to move away.

If you need the funds to be liquid at all then keep it in SPAXX. If you know for sure the money is only for education in 3 years then CDs will outpay SPAXX. In terms of how safe is SPAXX? Insured up to 500k by SIPC, backed by government t bills, and also Fidelity’s reputation

It’s trivial to get car insurance quotes. If my rate goes up a dollar I’m getting quotes. It’s wild how much variability there is between companies. The most extreme example I’ve seen involved motorcycle insurance. Pretty much every company had my bike in the highest risk category along with bikes like a ZX10R. My bike was NOT like that bike, but everyone except NationWide treated it as such. A year of liability and comprehensive with NationWide was around $180. Was $900 elsewhere. Never filed a claim so I can’t comment on that, but man it felt good saving that money. Added a second smaller bike to policy for $9 per year. Maybe their system was just messed up?

Not the exact same. But last Spring I got an email which looked like it came from the domain of an actual company I was interested in, I didn't notice that when I responded it was actually emailing a Gmail account. After a brief exchange I realized it was a spoof and they were trying to bait and switch me, so I just dropped it and stopped responding and chalked it up to lack of attention to detail on my part for engaging... Got repetitive emails from them asking me follow up questions and after about a few weeks of this I got an email telling me how unprofessional I am and that I should not expect to make it in this industry (10+ yoe) with my poor communication skills. Was so tempted to put them on blast but figured I didn't need the extra drama in my life.

TLDR; always double check the email address of the recruiter.

Some things you might want to add explanatory text around:

- what does the green highlighting mean in the lower table?
- if you get an N/A result, that means you aren't going to be able to coastfire with those inputs (I assume)

You've made a mistake in the feasibility calculations - they're not taking into account the compounding from contributions (which you'd assume would be invested). You're just taking monthly contributions \* 12, when in reality you'd hope that they would be growing at the real rate of return for all that time.

Non-perfect example, but illustrative of the issue:

 \- 1000 per month contribution  
 \- 10% real rate of return

Year 1 - 12000  
Year 2 - 12000 \* 1.1 + 12000 = 25200  
Year 3 - 25200 \* 1.1 + 12000 = 39720  
Year 4 - 39720 \* 1.1 + 12000 = 55692  
Year 5 - 55692 \* 1.1 + 12000 = 73261

According to your calculations, you would only be at 60000 by the end of year 5. This is why it thinks it even starts to become infeasible later (old ages aren't colored green, even though younger ones are), it's because the compounding starts growing faster than your linear growth model of the contributions.

On a related note, here I thought this industry had so many jobs, and now I realize a ton them are in fact from scam consulting companies or shady/desperate/bait-and-switch recruiter spam postings lol.  And in this environment, I've come to learn that many of them may post fake listings to give the illusion that they're still growing or doing fine, or to keep talent on file once they hit brighter days.

Don't worry bro it's not that you were rejected from 500 companies, it's because 200 of them weren't even real lol.

Its like the person getting the job done, delivering timely and reliable releases is lent the person who benefits in salary or level.  There always seems to be someone ready to slide into the seat of the success and drive it away.

Thoughts on this ?   How do you ensure that your the one to capitalize on the hard work ?

Thanks

I e noticed in my career that the people who actually get the work done are the last ones to get promoted.

Too young to retire. Too little to retire on. So what you doing?

Hypothetically what would you do if you were 35, single, no kids, no debt and had 1M?

I am the sole heir as my brother passed and sim trying to figure out if there is a way for me to find where he held these accounts?

Father passed away in Ecuador where he retired. I know he has a few brokerage / investment accounts. I am the only heir. How can I find out where he had them?

My job was originally work-from-home, but now needs me to go in-person 3x per week.
My current car has 240,000 miles and gets 22mpg on the highway (I get 0 traffic because my job is in the middle of nowhere)

With my current car I'd spend $8,300 on gas for my commute for the whole year. Buying the car I want would save me $2600 per year on gasoline. This is approximately the amount I'd pay per month on the car payment. 

I like my job and my coworkers absolutely need me, but the commute is so far. I believe I can get a job that is only 80 miles round trip, but unfortunately I'd go 4.5x per week. 

I have 3 years of work experience, if I get a new job it would be my 3rd position. I don't want to appear like a job hopper. 

I also have a newborn & 1.5 year old at home, so I enjoy the 2 days I get to stay home with them. 

Any advice ? Would y'all get a position nearby that was 5x per week in person ? Buy a new car ?
Thanks

Edit: wow, went for a walk & came back to a ton of replies. I'll reply as much as I can !

my commute to work is 240 miles round trip, should I buy a car ? or quit ?

For context, I took a $24k loan from my own 401k to supplement whatever cash I had on hand to make 20% down on a house back in early 2021 (got in right before the housing frenzy reached a peak, got a great interest rate and overall price on the house). 

401k loan was 4.25% over 10yrs, figured it wasn't a big deal as the interest went into my pocket anyway.

I was paying about $200 a month from paycheck deductions, however, I got laid off around July 2022. This meant no more paycheck deductions and the loan becomes immediately due. Well not quite immediate, thanks to a bill passed in 2017, the loan amount is due this year when I file taxes.

I have the cash to pay this off, but now I can't figure out WHERE I deposit this lump sum that I owe (around 17K). Note that since I got laid off, I cannot make any more deposits to my old 401k. I plan on rolling this over once I figure out everything else.

I do have a new 401k through Vanguard with my new employer, and also an IRA that I manage through Vanguard separately. Should I just deposit the 17K into my new employer-managed 401k or my own IRA? Really don't want to get hit with the IRS penalties if this doesn't go through properly. No clue how this works, and searching online for this exact question didn't yield any results. 

Also - lesson learned: definitely not messing with borrowing from my 401k again.

Any help is appreciated!

Took a 401k loan to buy a house, got laid off

Would it be something along the lines of networking? Or improving your technical abilities (reading books, gettings AWS certs, doing open source) or something else entirely?

What do you think boosted your career the most?

You're retiring in 20 years. You are currently invested in a total U.S. stock index fund and total international stock index fund. You plan to mix in bonds when you are 5-10 years away from retirement until you're at a 20% bond allocation.

What real (after inflation) rate of return are you using to estimate how much you'll have in 20 years? 

I've been using a 5% real return figure, but wondering if I'm being too conservative.

If you were retiring in 20 years, what real rate of return would you assume for planning purposes?

The media is all over the hearing and how it was a disaster but hasnt this been the case for pretty much any hearing with tech CEOs?  

&#x200B;

Eg:

CNBC - Tiktok hearing was an ‘unmitigated disaster’ for social media app, says Stanford’s Jacob Helberg [https://www.cnbc.com/video/2023/03/24/tiktok-hearing-was-an-unmitigated-disaster-for-social-media-app-says-stanfords-jacob-helberg.html](https://www.cnbc.com/video/2023/03/24/tiktok-hearing-was-an-unmitigated-disaster-for-social-media-app-says-stanfords-jacob-helberg.html)

Did TikTok CEO really suck that bad compared to Zuckerberg or Pichai?

Per [Realtor.com](https://Realtor.com), last week there was only one non-contingent house available for sale in my area of around 100K people. This morning there are two. It's now a buyer's market.

Finally some inventory hitting the market! Realtor.com reports the number of homes for sale has DOUBLED in the past week.

Hey all. This is just a casual post, thinking out loud. There's no real claim here but I wanted to know your thoughts on our future since w're the nerds who actually think about this stuff. 

I've been casually browsing this sub for a bit, and lately the economic situation around the world really has me thinking that a comfortable retirement will become a sort of luxury.

Another Redditor posted a retirement calculator that factors in future inflation, and I was shocked to see that even a high earner's projected $4M retirement shrinks to around $1M after accounting for inflation.

$1M (in today's dollars) sounds like a comfortable retirement, but you'd have to be a really high earner to get there ($4M in 2060), and considering the fact that young people won't have access to as many of the benefits (social security) that today's retirees do, this raises a question: Is a comfortable retirement going to become a luxury in the near future?

Not only will we have less advantages in terms of social services, but presumably we will also be expected to pay down the federal deficit, and that's going to be a huge problem given the fact the national birthrate is collapsing.

This is all before even taking into account that most American homeowners won't see meaningful equity in their homes for at least a decade, if at all, if they bought in extreme markets. And many more have traded several year's worth of retirement savings opportunities in exchange for a brand new SUV.

Am I crazy or are we Millenials on a fast-track towards an era of extreme financial hardship in their later years?

Is a comfortable retirement going to be a luxury in the near future?

Considering a 100% remote role and would love insight from those of you who are working remote on what some of the disadvantages are. I read all the time about how great remote is but I’m guessing there are definitely some challenges.

What are the disadvantages of working remote?

 i'm not expert about etfs but i was looking for one to short sp500 or preferably nasdaq and all i've found is SQQQ but the problem is that is 3x leveraged, and i'd like one with no leverage.

can you suggest some tickers or ASIN code? 

thanks in advance

what etf can i use to short nasdaq or sp500 but without leverage ?

$85k remote with no potential for growth or $130k on site with potential for higher role in the future?

I have $50,000 saved up for educational expenses that will be needed over the next 3 years. What are the risks of moving it into Fidelity’s SPAXX which is currently earning about 4% more than my savings account is offering. I’m trying to take advantage of this attractive yield but also fear the “what if” it doesn’t stay stable.

Thank you in advance.

Should I put my $50k cash saved for educational expenses into Fidelitys SPAXX for the yield it is offering?

\[cross posted from r/EntrepreneurRideAlong\]

Hello everyone, I am Nithur.

I've written previously about my journey in this sub. I've recently hit another milestone, so I am writing this post. If you want to follow the whole journey, please read this Twitter thread: [https://twitter.com/nithurM/status/1636024450960302080?s=20](https://twitter.com/nithurM/status/1636024450960302080?s=20)

On March 15, I had a weird idea to put GPT-4 on every textbox on the internet. Because we can simplify a lot of boring tasks if we can able to bring AI into them. For example: customer support chats, social media content writing, email writing, localizing support chats, Google sheet formulas, MySQL queries with natural language, etc. We can do all this without leaving our fav sites.

But there is a complication, if we need to do this wide variety of tasks, we need a complicated UI right inside our favorite sites, which is not a very good idea in my opinion. End users aren't going to like it. So, I come up with an idea to overcome it. We can use commands to prompt AI. For example: "gen: write a LinkedIn post about generative AI". We can consolidate a lot of tasks with such simple commands.

So, I started coding the initial version and was able to come up with a working prototype within a few hours. I recorded a GIF and shared it on Twitter that night. It blew up on Twitter and dragged me a good number of sales over the night. I priced it at $9.99 for the first 24 hours. Most people encouraged me to increase the price because it is definitely worth it. So, I gradually increased the price to $19, then to $29, and finally $49.

Exactly after 10 days, I made $7,500 with this GIF image.

I had 500 followers on Twitter when I first shared the GIF, now it has grown to 3200 followers. This little project literally changed my perspective on internet entrepreneurship in many ways. The old idea of validation with an MVP has literally died, people are willing to pay if you can show a demo. When I first shared this project and made a couple of thousands of dollars, I don't even have a domain name or website for this project.

If you are working on any side project, I am sincerely encouraging you to show it to the world. And start charging money for it. It'll literally change the game. Good luck.

I made $7,500 with just a GIF image as my validation. No domain. No website.

Had a bit of a surreal experience today. I recently paid off my mortgage (yay!) So now instead of the insurance and taxes bundled in with the house payment, I get to see and pay that cost directly. Did some digging and comparing on my house insurance through Liberty Mutual and realized I was paying way more than I should. I have Geico auto insurance so I was able to get a quote from them for about half the premium cost and \*more\* coverage. 

I called Liberty to cancel which was no problem. Then I went ahead and purchased the Geico insurance. After purchasing, I was then directed to the Liberty Mutual website! Turns out Liberty Mutual underwrites a lot of Geico's home insurance. No idea why the costs are so much lower through Geico when the same company is ultimately underwriting but I ended up saving a couple thousand dollars per year.

Moral of the story: Always check your bills, including insurance, at least once a year to do a sanity check that you're not overpaying. Especially for the bills that get auto-paid or are bundled in with something else, the cost has a tendency to go up a lot more than you might realize over 5 or 10 years.

Cut my home insurance premium in half by canceling current contract and getting new policy...with same company

Pretty straightforward question. Where do you buy your clothing? How often? How do you stay up on trends? I am 34 with a $7.5M NW but basically dress like a bum. I find staying up to trend on male fashion overwhelming and don't know what brands to trust when it comes to quality.

For those fatties who are fashionable, where and how do you shop?

I have been applying with indeed for months now and have noticed a steep increase of scam job listings in the past ~2 months.

These listings will pose as a real company and usually even clone a real job listing from that company. I have seen this happen with big and small. Check the email. Nobody real is ever going to contact you from a gmail account.

Here is an example of one of these emails.

> Thank you for applying to the Software Engineer (Remote) position at Lime Micromobility posted on indeed and our website. <LINK>
Base on your Experience, Happy to inform you that you're among the applicants selected for an online interview on Monday.


> The interview is scheduled for Monday 03/27/2023 from 9AM EST to 4PM EST. You're to contact the Member of our HR team Brian White On Email at ( <email>@gmail.com ) to confirm and acknowledge the receipt of this email and to schedule your interview and confirm your availability for the interview. You are to be available on Email ASAP for the interview on Monday, Your swift and timely response to this position matters a lot as the job interview starts between 9am to 4pm EST, Contact Brian White to let him know your Availability between this time. Have a great night


> Looking forward to hearing from you.
All the best
HR TEAM
Lime Micromobility


No real recruiter is going to give you a time without asking you if you are free. No recruiter is going to interview you over email (which is what will happen if you email the handoff address)

Always be vigilant.

PSA: Be careful of scams on Indeed

single, no kids and no plans on getting married. 


is going hard on dividend paying stocks/etfs that offer slightly higher yields and using it to pay my rent make sense? i make well over 100k a year and work remote but i know it wont last forever. to me owning a home seems like a liability

i dont want to own a house

[https://docs.google.com/spreadsheets/d/1oeKDDh5i0R44q-2uCSyGCpqHDIvsUDAHHSRe7iKWc8Q/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1oeKDDh5i0R44q-2uCSyGCpqHDIvsUDAHHSRe7iKWc8Q/edit?usp=sharing)

Hi all! The title says it all. I've been on the "Coast Fire" track for a few years now and feel like I'm always equivocating between different savings targets. Most calculators I've seen are a bit of a black box that spit out a savings target for a given retirement plan, but don't help much in deciding what your Coast Fire plan should be.

I created this tool to make it easy to visualize how (1) different **retirement ages**, **monthly** **contribution amounts** and **yearly expenditures in retirement** impact your (2) Coast Fire **savings target** and **Coast Fire starting age**. I've also tried to make it transparent how everything is calculated and what role *inflation*, *growth rate* and *withdrawal rate* impact your retirement plan.

Please let me know if you have any feedback on the tool or the formulas I used. I'm far from being a financial professional, but I'm happy with what I created and thought it might help people in a similar boat as me. Please take my methodology with a grain of salt if you want to replicate for your own retirement plans! ;)

**Edit**: Thanks for the suggestions so far, particularly u/[diddlydum2](https://www.reddit.com/user/diddlydum2/) who found a pretty stupid mistake in my calculation!

I created a "CoastFire Calculator & Decision Tool", after feeling frustrated that existing tools didn't help me make smart decisions on my retirement plan. Hope it can help you too!

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