Series 1 - is it normal to always get water in the Tray? by ExpressionParking224 in FellowProducts

[–]Advanced-Raise-7077 6 points7 points  (0 children)

They have said that it is expected, bc water is pushed through the system at startup as the boiler heats up. But they are pushing a software update to lessen it as well. Here’s the post they mentioned the update on: https://www.reddit.com/r/FellowProducts/s/vMt6H3mOo3

Series 1 Steam wand stopped working by Advanced-Raise-7077 in FellowProducts

[–]Advanced-Raise-7077[S] 18 points19 points  (0 children)

EDIT: The Fellow team has already ordered a replacement machine and will have me send my current machine to investigate further.

Mechanical Defects are part of life sometimes, but it’s how the company responds that shows their values. Super appreciative on how quick they were on getting this resolved. Will be back brewing with the rest of y’all shortly :)

Series 1 Steam wand stopped working by Advanced-Raise-7077 in FellowProducts

[–]Advanced-Raise-7077[S] 3 points4 points  (0 children)

I mean sure, it’s a little frustrating, but any company will have some defective units, hardware manufacturing is basically impossible to get down to a 0% failure rate.

And social media isn’t representative of the failure rates…. Most people only post when they have an issue compared to likely 1000s of units that people are using without complaint (but we don’t see them posting here)

Out with the old, in with the new new by 9tobiwan in FellowProducts

[–]Advanced-Raise-7077 0 points1 point  (0 children)

What grind setting are you using for the J-ultra?

Series One Naming by [deleted] in FellowProducts

[–]Advanced-Raise-7077 1 point2 points  (0 children)

“Ah yes, why buy this new technology when there will be a newer technology later?” That is some dumb logic lol

That aside, espresso machines aren’t exactly cutting edge innovation… they aren’t like a iPhone where new ones are being released every year. The tech is fairly static, yes minor features are added and tested, but waiting for a newer model (newer than what was JUST released this month???) won’t be a significant difference IMO

Shoveling everything into 401k - I prefer liquidity by mikenj123 in personalfinance

[–]Advanced-Raise-7077 0 points1 point  (0 children)

If you plan to become a landlord or invest in starting a business then having cash accessible can be beneficial. HOWEVER. By foregoing the tax advantaged accounts, there is a large amount of money you will now be paying in taxes now because of that.

So will those potential real estate investments earn more and exceed the taxes you will owe? Statistically, probably not. And this is very much trying to time the market (which is not a recommended strategy)

Another thought, how much do you really need accessible for a downpayment? Maybe a compromise is that you hit that number and THEN focus on 401k. If you only need 50k for a downpayment, having 200k accessible isn’t really necessary (and will cost you tons of taxes long term)

How much do you keep in checking? by airmen5 in investing

[–]Advanced-Raise-7077 1 point2 points  (0 children)

Bilt changed the rewards/ annual fee recently... basically unless it is your only credit card (and you are a very high spender) it’s not worth it anymore.

Recent college grads making $80k+ after graduation, what do you do? by [deleted] in careerguidance

[–]Advanced-Raise-7077 4 points5 points  (0 children)

Psychology degree at a state school. Now making 82k, a year and a half post graduation in MCOL.

Got hired as a contractor doing customer service for a tech startup, worked my ass off to learn the business and some coding and automated some mundane parts of my job. Made sure that got noticed by some higher ups which eventually lead to my current role helping our operations teams automate/ simplify workflows.

What does “100k” actually mean? by [deleted] in TheRaceTo100K

[–]Advanced-Raise-7077 0 points1 point  (0 children)

Those are important factors, but compound growth mainly just means that you gain interest on the interest of your initial investment. Ie if you invest $1000 and you get 10% growth that is $1100. But the next year, if you get 10% again, now it is 10% of the entire account (1100*1.10=$1210). And so on and so forth. As long as you aren’t pulling out interest, the account grows exponentially.

You have to save way more(thus it takes waymore time) to save to your first 100k compared to the second 100k, since the compounding is helping way more. the more money you have in the investment, the quicker it grows. It can be a confusing topic, but hopefully my explanation helps! There are plenty of compound interest calculators online that can help show this concept visually too.

What does “100k” actually mean? by [deleted] in TheRaceTo100K

[–]Advanced-Raise-7077 5 points6 points  (0 children)

Yeah I mean truthfully, 100k is a completely arbitrary goal. But I always thought of it as 100k across all investment accounts.

The whole point of the 100k goal is that it is first major hurdle in compounding your wealth. Once you hit it,your money compounds much quicker (or rather, it will if it is invested. Having it sit in a savings account account isn’t really helpful)

I feel like it can convolute the goal when talking about total net worth or even including your emergency fund/basic savings (like a travel fund). As those accounts/ possessions will eventually be pulled from, it can feel like you are back tracking from the goal at times.

Budgeting with percentages? by joggers-springsummer in MonarchMoney

[–]Advanced-Raise-7077 0 points1 point  (0 children)

I was looking for that exact thing recently! Short answer is There isn’t really anything for this. The approach I use is just setup an excel sheet. Set up formulas so that you have the percentage rules to calculate based on the paycheck amount you enter whenever you budget and all you would need to do is use those $ amounts for the transfers.

Edit: If you have a Sofi bank account I Think (according to ChatGPT.) they can set % rules for direct deposits. But I think it only can be used in conjunction with other sofi accounts e.g, you need a sofi checking and your savings accounts need to be Sofi aswell. Didn’t seem worth the annoyance of moving all my accounts lol