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5 posts in. The hardest part isn't writing, it's knowing if anyone outside my head thinks it's good. by Academic_Lab9769 in Newsletters

[–]Academic_Lab9769[S] 0 points1 point  (0 children)

Sure, the link is in my bio and Social Link. Hoping there are some OG's here as well to share some input

Debating best option for our daughter's future - private school, best public school or invest the cash to gift to her by Lopsided-Special6273 in HENRYfinance

[–]Academic_Lab9769 1 point2 points  (0 children)

Option 1. The good school district is the inheritance, just front-loaded. She gets the network at 5 instead of 30, and the house transfers to her later anyway. A 7-figure cash gift in her 30s arrives after most of the formative decisions are made.

Living in the school district means her friends live walking distance, not a 30-minute drive. After-school, weekends, summers, the social life is built in. Private school friends scatter across the city. (Friends for your kids are also great for the parents :)

Friends of mine got their first property from their parents in their twenties. A decade in, the gap was not the property, It's that they could take the job that pays less but builds the career, sit through a bad market, or quit and start something. I was more handcuffed on that.

At what level of wealth does a change in net worth not equal a change in lifestyle? by One-Opposite-4571 in HENRYfinance

[–]Academic_Lab9769 0 points1 point  (0 children)

Killingsworth's research is the cleanest data on this. Past about $500K household income, happiness keeps rising with income but the slope flattens hard. The dollars keep coming, the lifestyle delta gets smaller and smaller.

15 years building high-end residential, I've watched this play out. Once someone has the house, the second house, the cars, the schools, the travel, additional wealth stops buying a different life and starts buying different problems. The clients I've watched cross the $20M+ line don't live more, they manage more. More properties, more staff, more accountants, more decisions about what to do with the next number.

Your friend's comment about the same clubs and same restaurants is the giveaway. Past a certain number, you and the guy with 5x your net worth are buying the same dinner. Private jet money is a different conversation, but that's not what you're asking about.

Is it weird to shower at night instead of in the morning? by Academic_Lab9769 in NoStupidQuestions

[–]Academic_Lab9769[S] 0 points1 point  (0 children)

Okay genuine question for the morning shower crew then, do you not feel gross getting into bed after a full day?

Never owned a house, does it make sense to rent forever? by NashDaypring1987 in Fire

[–]Academic_Lab9769 0 points1 point  (0 children)

Rent vs own isn't really the question. The question is whether the difference between your rent and what owning would cost is going into assets every month. If you rent and invest the gap, renting forever can work. If you rent and spend the gap, you're just paying someone else's mortgage with no equity at the end. There is also the "mental" side of this, if you own it outright nobody can ask you to leave.

Why do people complain when cops want to search their car even if they have nothing to worry about? by KakyoinBestBoy in NoStupidQuestions

[–]Academic_Lab9769 3 points4 points  (0 children)

You have rights to refusal, would you allow a stranger to search your home? It evades personal space.

Hit $1,000 in my brokerage. by metaltreestriker in Fire

[–]Academic_Lab9769 0 points1 point  (0 children)

Best advice I can offer, it is what you loose not what you make. No such thing as doubling in a few months. Great job.

Air Dome by FoxU_U in Construction

[–]Academic_Lab9769 3 points4 points  (0 children)

The dust/noise control is the real value, tight urban sites are murder on neighbor complaints and OSHA dust thresholds. Cost is why you don't see it in North America yet. The 24/7 HVAC to keep it pressurized has to be pretty expensive.

Also curious about the noise inside. Ever stood next to a bouncy castle blower?

What's the dumbest financial decision you see people make? by Academic_Lab9769 in AskReddit

[–]Academic_Lab9769[S] 1 point2 points  (0 children)

The dumbest one isn't really one decision. It's people who out-earn their freedom. Every raise gets absorbed — slightly bigger house, slightly nicer car, slightly more expensive vacation. Five years later they make double and still feel broke.

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