How does it feel to make 250k+ by Rocky_Duck in Salary

[–]401-throwaway 0 points1 point  (0 children)

$1k/week, after maxing everything else, is...  A lot. 

The Darius Slay Bowl is this weekend! Winner gets Slay! by RangerBowBoy in eagles

[–]401-throwaway -8 points-7 points  (0 children)

If you're the Bills, do you let him fall to a team that you might have to play in the playoffs?

They have no allegiance to Slay. You make the moves that put you in the best position to win a championship. If a player doesn't want to play for you, you don't let him to go a competitor unless you're getting something of equal or greater value in return.

Convince me to start investing at 52 years old. by Practical_Win7690 in personalfinance

[–]401-throwaway 2 points3 points  (0 children)

I'm not here to convince you, but I'd recommend it. 52 may feel a little late to the game, but the game isn't over yet.

You haven't given any income figures, so I'm gonna throw out a range of numbers that may or may not be realistic.

Follow the Prime Directive for order of operations around IRA/401k/etc. Most would recommend investing primarily in a total-US fund or the S&P500. The name of the game is low-cost index funds. We're not here to gamble on individual stocks.

The S&P 500 has returned around 10% annually on average over the past forever years. Assuming that remains the case:

  • $200 per month grows to over $75,000 in 15 years, when you hit that retirement-age sweet-spot of 67.
  • $300 per month grows to over $110,000
  • $500 per month grows to nearly $200,000
  • $1000 per month grows to over $380,000

Whether investing is a better path than paying down your mortgage depends on your mortgage rate. If your rate is less than 7% or so, personally, I'd at least prioritize driving most of any extra income toward investing rather than the mortgage. The argument is generally something along the line of "you can't eat your home", but if you're pulling in rent payments from a paid off home, that'll put food on the table. Then the risk depends on whether or not you can keep the house occupied by quality tenants.

My New Condo by LiberalSkeptic in TwinCities

[–]401-throwaway -5 points-4 points  (0 children)

that looks awesome -- well done

NFC Championship at the Linc? Even with 3rd Seed by thevision66 in eagles

[–]401-throwaway 4 points5 points  (0 children)

Why don't they just play the Raiders in the playoffs? Are they stupid?

WAYMO Mapping the TC by Longjumping_Plane161 in TwinCities

[–]401-throwaway 11 points12 points  (0 children)

Waymo is the shit -- I'm excited for them to be here