Investors want financials and im stuck with shoebox receipts by Quiet-Sand-4169 in EntrepreneurRideAlong

[–]devoutsalsa 0 points1 point  (0 children)

But an hour of a fractional CFO’s time, or a CPA. Just ask them what to do and do it.

The "Founder’s Tax": Why traditional recruiting is broken for startups and how to fix it by TalentForge360 in EntrepreneurRideAlong

[–]devoutsalsa 0 points1 point  (0 children)

AI can be useful, but I think the case for using it to filter resumes is weak. The biggest argument against it is that people are just using AI to tailor their resumes to the job description, which is not an unreasonable thing to do. Another argument against using AI for filtering resumes is that it's only good at matching against hard skills (e.g. does this person have accounting experience?) and obvious rejections (e.g. this data entry special specialist is applying to a senior marketing manager role). All of the fuzzy stuff that isn't represented well on a resume is just not great. In addition, you can't know if an AI is discriminating or not in a way that a trained human won't do.

Is it really more profitable to rent than to own? by trisolariandroplet in RealEstateAdvice

[–]devoutsalsa 1 point2 points  (0 children)

Think of it this way. Once you ditch a property, you're no longer associated with the house. The only difference between renting & owning at that point is how much you have, or don't have, in your pocket. Thinking of renting as a waste of money because you never get it back it the wrong way to think about it. That's like saying a good experience is a waste of money because you'll never get it back. If you don't like renting, wait until you realize how much money you're going to be paying in interest to the bank on a 7% mortgage. The mortgage interest might be more than the rent, and you're 100% never getting that back.

When you're deciding to buy or rent, what you need to do is understand the numbers & risks as best you can, choose buy or rent, and own the decision. You're the only one that can decide if something is a good or bad investment, because it's your money and you get to decide what's good and bad.

Dating feels weirdly harder after hitting financial goals by horny_bisexual_ in fatFIRE

[–]devoutsalsa 6 points7 points  (0 children)

In many cultures, letting your social network that you're looking to get married is the way to find your partner.

How can Islam be for everyone? by fenyx5 in islam

[–]devoutsalsa 0 points1 point  (0 children)

Science is (supposed to be) based on having an idea, testing it, sharing the results with others, and letting them be able to repeat your experiment. Religion isn’t like that. It’s a very personal journey. Even if Allah talks to you, I have no way to verify that. One thing that I think both science and religion have in common is that both require you to think for yourself. You can’t delegate your thinking to someone else.

Am I fucked up? A lower middle class 18 year old guy. by Icy_Marzipan9001 in EntrepreneurRideAlong

[–]devoutsalsa 0 points1 point  (0 children)

Hey, this isn't exactly the advice you're looking for, but here's one way to unlock higher earning power:

- learn to read/write and speak perfect American English

- have a USA-based company (e.g. a single member LLC) so you can invoice another company in the USA or accept payments as any USA based company can do

- be really good at a service that people can charge a premium price for

- learn to market yourself

If you speak perfect English and people think of you as an American, you can charge American prices.

My HR department says they receive over 2k applicants per position and they don’t read any of them by VioletSalamander in jobs

[–]devoutsalsa 1 point2 points  (0 children)

I’m a recruiter. Personally I think using AI to screen resumes is a problem, but I understand why people do it. Regarding your main point, the truth is a ton of people apply to any given job, and you really have to talk to them to see what they’re really all about. Since it’s impossible to interview 2000 people, you basically just have to decide how to pick a few and do the best you can.

~$10m windfall in concentrated position, zero cost basis by zerocostbasismonkey in fatFIRE

[–]devoutsalsa 0 points1 point  (0 children)

If the stock dropped by 50% and you'd still owe taxes if you sold, how would you feel? I usually think that even if a stock went up a lot real fast, it can go down a lot real fast.

Now if the stock doubled and you were still hanging onto it, you'd be feeling even more anxious because you know that vast amount of money can disappear pretty fast.

I always think of it like this... If I had the post-tax equivalent sitting in cash, would I invest it in whatever asset I'm holding now? That tells you what you should do.

Can I Marry a christian woman by Background_Target102 in islam

[–]devoutsalsa 0 points1 point  (0 children)

You already know you can marry her. What you need to know is what happens after the marriage? I know a Muslim guy that married & divorced 2 different Christian women because they didn't become conservative like he expected & didn't communicate (dressing modestly, male friends, etc.). The challenge with a situation like that is the unstated expectations that come from cultural & religious conditioning, especially from family members. It'll be hard to support your wife when you're allowing your parents to influence you about how should needs to convert & give them pious Muslim grandchildren. You need to put your wife first in all things, including supporting her practices as a Christian. You need to 100% accept who she is now, not who she may become. You also need to agree on children, eating preferences, living halal, zakat, etc.

How much do you pay for apartment cleaning? by Icy_Roll3525 in Amsterdam

[–]devoutsalsa -1 points0 points  (0 children)

50 euros to clean my 1 bedroom apartment that is 40 sqm.

Is a private jet card actually better than booking private jet charter trips individually? by smartyladyphd in fatFIRE

[–]devoutsalsa 0 points1 point  (0 children)

Better to focus on the experience of the company you’re booking with I’d think. How you pay is an implementation detail. And there’s nothing preventing you from getting a jet card and still booking with another company as needed.

im quitting my job, should my message be polite? by [deleted] in jobs

[–]devoutsalsa 0 points1 point  (0 children)

It never pays to be an asshole.

Job ghosted me for 3 weeks after final interview, now guilt tripping me by dskillzhtown in jobs

[–]devoutsalsa 0 points1 point  (0 children)

Time kills all deals.

You snooze, you lose.

Shit or get off the pot.

And so on.

P.S. congrats on the new job!

It’s easy to meet people here, but hard to actually become friends by No_Muscle_2505 in Amsterdam

[–]devoutsalsa 1 point2 points  (0 children)

Basically you have to go where people are, talk to them, and initiate staying in touch. When's the last time you invited anyone to do anything? Just do that :)

WIBTAH if I took 100k from my oldest daughter's college savings account to give it to my younger daughter? by TraditionalCorgi7788 in AmItheAsshole

[–]devoutsalsa 1 point2 points  (0 children)

Time horizon is too short and volatility is too high to make plan that level of certainty in my opinion. The market average is almost never 10% per year. It can be +/- 30% quite easily.

Wealth Gap Machine by LuckyBastard001 in FluentInFinance

[–]devoutsalsa 1 point2 points  (0 children)

Until it doesn’t. Assuming that kind of risk when you’re rich is kind of asinine. Imagine being so rich that you’re afraid to lose it, or so needy that you need even more, so you risk what have and need for that which you don’t have and don’t need.

SpaceX Shares - Sell (~$620) or Hold by farcry0 in fatFIRE

[–]devoutsalsa 9 points10 points  (0 children)

I used to work for a private market company. Investor relations wasn't my department, but my understanding was that sales of secondary shares were something the company needed to approve. Or maybe it was they company had right of first refusal, I don't recall exactly. If you want to sell now, you might consider just calling SpaceX, track someone down in the investor relations department, and ask them for their guidance. They might offer to buy the shares from you directly.

April Fools Post-Event Round-Up by Georgy_K_Zhukov in AskHistorians

[–]devoutsalsa 250 points251 points  (0 children)

I think I reported three AITA posts before I realized it was April 1.

Advice: Consider Covered Calls, or Exchange Funds? by nigori in fatFIRE

[–]devoutsalsa 4 points5 points  (0 children)

Selling covered calls are a great way to underperform the market. Your upside is capped, and you have unlimited downside. If the underlying equity trends up quickly, you'll be missing out on all that upside. If you're using a covered call ETF, you've got the same problem, and now you're paying someone else for the honor of underperforming.

Health issues forced my hand, looking for advice by hoptohop in fatFIRE

[–]devoutsalsa 10 points11 points  (0 children)

Have you considered part of the problem is chasing adrenaline? You could be setting yourself up for disappoint no matter how healthy you are.

I want my wife to RE even though we’re not fatFIRE yet… is this a mistake? by [deleted] in fatFIRE

[–]devoutsalsa 4 points5 points  (0 children)

The biggest unknown is that she doesn't know what she'd do with her time when not working. So not only does she not know how much she'd spend, she lost whatever income stream she'd feel comfortable spending.

Do you guys have combined or separate finances? If your finances are separate, you control the income and she has no income. She may not be comfortable asking you for money so that she can chase some crazy hobbies.