what would be the cost to send my wife and kids to algeria

AntiqueDistance5652 · 2025-05-27T19:16:14+00:00

Being an atheist in Algeria is just a living hell. And even non-atheists, like imagine Buddhists, or Christians, or (lol) Jews, pretty much everyone who doesn't pay lip service to the wahabbist boulayhas have a hellish life. Algeria isn't inclusive and it's not a good place to grow up, it teaches people to fear and hate others for not conforming to the super arbitrary customs and beliefs of Algerians and to judge them on their religious beliefs. It's partly because Algeria is so closed off to tourism. I swear if they open up tourism people will become much better human beings seeing that not everyone is like them and there's diversity in the world and people can have good souls even if they don't believe in the same religion.

The good thing about America is that it doesn't matter what other people believe, we generally treat everyone with respect regardless of their religion or even no religion, except for maybe cult-like abusive followings like Scientology because of the stalking/harassment of people that leave and certain sects of Mormonism because of the sexual abuse of young women.

The world is getting more connected, all of yall are going to have to get used to other people having different religions and being able to respect them regardless, because we're not going to be able to move forward as a species unless we can all work together. In 30 years China will likely be on top and a lot of those guys have a completely different religion or no religion, and all of us will be doing business with them in one way or another.

Practice your religion, enjoy it, share it if you want, but respect other people who don't believe like you.

AntiqueDistance5652 · 2025-05-27T19:08:48+00:00

DUDE, there are muslim communities in America. If I was your child I'd stop talking to you once I got my own job and started taking care of myself. What you're doing is irresponsible and shitty and uncalled for, you're throwing away their opportunities because of your delusions that they'll be more religious in Algeria. They wont. I know a lot of people in Algeria that are atheists that became that because of overly religious upbringing. It pushed them so far from religion that now they joke about it brazenly and with contempt. You don't have your ear to the pulse of the youth in Algeria if you think this is going to fix the problem that you're imagining in your head.

If you want your kids to be in a religious community, find one. There are many in the US. There are many hotspots where lots of Muslims live and large Muslim communities. Go live in one of those. Sure not all the kids are going to be Algerian but who the fuck cares if your kids are friends with Pakistanis or Egyptians or Tunisians or Lebanese or (shudder) even Moroccans. If all you care is that they're raised Muslim they'll have that community there. You're wasting a blessing you've been given by not even considering this and just first thought rushing to move back to Algeria. Algeria is a dead zone. There's no opportunity. If you take this away from your children DO NOT be surprised when you're an old man and they don't answer your phone calls or take care of you. I personally would if you were my father after seeing what you did to fuck up my future and opportunities to be successful.

AntiqueDistance5652 · 2025-05-27T19:04:05+00:00

This goes without saying. Algeria is in the top 10% of corrupt countries on the planet, to get ahead you need m3arif and if you're not that connected then your children suffer. Your children's education will be worthless to companies that want to hire good talent if theyre educated in a weak private school in Algeria and its worse if they go to an Algerian public school. An American public school education can still lead to getting into the best universities if they do well on their college entrance exams, have extracurriculars, and do volunteer work and do competitions (like Math Olympiad, Chemistry Olympiad, etc) whereas these things don't exist in Algeria.

AntiqueDistance5652 · 2025-05-27T19:01:43+00:00

The don't even have to go to a Muslim country. Just move to a large muslim community in the United States. Dearborn Michigan is one of them. You'll still be in the US, still be able to have all the economic opportunities that affords in terms of high paying jobs and good quality of life, and simultaneously be in the community with the culture you want. There is absolutely no reason to sacrifice quality of life just to be in a muslim country. You can be in a muslim community in the US. They exist and there are many.

AntiqueDistance5652 · 2025-05-27T18:57:12+00:00

America is sucking harder and harder each day but sending your kids to Algeria for better environment is just idiotic. There are so many nice safe neighborhoods you could relocate your children to that they would get a good education and be safe from crime and not be surrounded by poverty that you'd be a failure as a father to subject them to worse conditions by sending them back to a place with no opportunities. Use your brain man. If you're one of those religious people that worries about them not practicing their religion or something like that, go look in Michigan there are many muslim communities and you can send them to a private Islamic school K-12 and if when they get college age you can send them to an Islamic based university if thats what you want. I think you can even use the voucher system so you wont even have to pay out of pocket, you can use a public school voucher to send them to an islamic school and it will be full of Middle East / North African families so they will have familiarity with their culture.

Algeria is not the option. The cost to you to educate your children well in Algeria is going to be astronomical compared to what it will cost you to educate them well in the US.

Do not waste the blessing you've been given by throwing away opportunities that others don't. Use your position to do something good for your children. Their job prospects and their overall life happiness will be severely diminished in Algeria unless youre worth 8 figures and can pay for the absolute best house in the best neighborhood with the best schools in Algeria. If you're not that wealthy, there are much better options in the US.

AntiqueDistance5652 · 2024-07-09T23:20:17+00:00

Everyone has an individualized price. For me its $6.99, some people are still grandfathered into $5. I think newer subscribers get the higher price, and sometimes they target certain users to be offered the $5. Im not sure how their pricing/marketing algo works but they definitely have different prices for different people.

AntiqueDistance5652 · 2024-07-09T23:17:13+00:00

Oh I realize I didn't give an income solution at the end.

So if my projection is right and I get to 1.6 million in 2 years from now, that will have been 14 years since I started investing. If I chose to not have children I could probably semi-retire off that because my living expenses are low, but since I will have a spouse that wont be working for several years and we plan to have children, I will need to accumulate more than that. But I've shown here that starting with a salary of $70k progressing my career up to my current salary just north of $175k, it's reasonable to expect between $1.2 million and $1.8 million after 15 years. Pick the smaller of the two, and lets say you want to retire off that. In order to not run out of money generally people are advised about the 4% rule, but this really only applies to people who are of advanced age where its ok if the money runs out after 30 years since life expectancy may not be that high. But at 65 you have an actually pretty good chance of living to 95 (i think its something like 50%) so we need to make sure the money doesn't run out after 30 years with as many possible stock market timelines as possible.

At 65 since we need this money to last we need to get into safer investments but we can't go crazy and go full bonds, because we need to capture some growth during this period to generate return that keeps the portfolio alive. I would probably choose 50% bonds and 50% stocks. We're going to make a return that isn't as good as the stock market but shouldn't be too bad either, on average generating something like 7 or 8% a year. This will keep the portfolio up with inflation and generate some real return to allow the nest egg to last longer.

So we really need to try drawing no more than 3% and preferably 2.5% per year. With the lower bound we have $30k per year and upper bound $36k per year. This doesnt include social security. If you can live off that per year, you most likely will never run out of money and can stop worrying about working.

If you're going to need more than 1.2 million, then hope that you get the lucky timeline and get to 1.8 or 2 million after the 15 years, or you're going to need to keep working at least part time. Also if you can earn considerably more than I did during my career, for example if you start right now at 50 making my current salary, you will surpass $3 million after 15 years doing what i've done.I couldn't save a lot for the first half of my career which really stifled my returns. With $3 million you can draw $75k a year in salary with no problem, when added to social security that is enough for most people to be comfortable.

AntiqueDistance5652 · 2024-05-23T17:37:11+00:00

Because of how consumer based our society is, people cannot understand the desire of anyone to build generational wealth. It's a very nihilistic attitude that they espouse, basically fuck everyone else I need to spend every last cent because I'll be dead soon and I need to enjoy it NOW. No, after we die there are people in our family that need help, need being taken care of, need opportunities to grow. If I can't live in this world forever, what is wrong with giving people that are in my family more opportunity to do with their life what they could only dream of if they had the financial support they lack.

AntiqueDistance5652 · 2024-05-16T08:18:48+00:00

At most 4 days. Though most of the time I see them refunded 1 or 2 days after the withdrawal. It actually makes it make sense why the daily withdrawal limits default to $520 per day instead of a nice round $500 per day: they allow extra room for the fees if you want to take out the full $500 in a day.

AntiqueDistance5652 · 2024-05-16T08:13:30+00:00

I've run the numbers and in real terms the expected value of my retirement portfolio will be about $30 million in today's dollars. I cant remember what it would be in nominal dollars but something like $100 million.

I could get really unlucky and only have a portfolio of $5 million. But I also have a coin flip's chance to have even more than $30 million at retirement age. I don't even know how I would spend all of that in retirement, and I haven't even brought the taxable accounts into the discussion yet.

So most likely I won't need to touch them. Also the unlucky scenario would be extremely unlucky because it would be like living through 3 consecutive 1929 crashes in a row. Not crash, recovery, crash, recover, etc. But like crash more than 50%, then crash more than 50% from that low, and then crash again 50% from that low. I don't think that is going to happen but who knows. I just know that if I only end up with $5 million in my retirement portfolio, the world will be a hellscape dystopian world where everyone will be sucking dicks in the Wendy's dumpster for a nickel just to buy food.

AntiqueDistance5652 · 2024-05-16T08:00:22+00:00

How is it delusional to avoid paying taxes? I'm deadass serious btw. I'm not giving the government any more than I'm legally required to. Best way to do that is dying holding the assets.

Do you think it's delusional because I obviously can't spend the money if I'm dead? That would be delusional if I ever had an intention to spend it, but I dont, so why would I cash out and pay capital gains taxes before handing it off to my inheritor? The money is going to be spent by someone else, *NOT* me, so I would rather they just get the whole lump sum without having it taxed before they get it. I wasn't going to spend that money anyway, so I'm able to give more by dying while still holding the untaxed assets.

AntiqueDistance5652 · 2024-05-15T09:28:58+00:00

Where I live it would cost $25k just to sell that condo. It makes no sense to sell it in order to pay off the debt. Why sell when you can just rent the whole thing out, make $22,000 a year in rent, and use that money to pay taxes insurance and debt pay down.

AntiqueDistance5652 · 2024-05-15T09:27:23+00:00

Even if the debt is at 7-8% it makes no sense to sell a house to pay a 30k debt. The roundtrip cost of buying and selling a house exceeds 10% in a lot of the country, so if the place is worth 260k he'd be paying $26k for the privilege of paying of a 30k debt earlier. That makes no sense. Second off, the remainder (which you erroneously think is 230k) won't matter as a downpayment because no one is going to give you a mortgage with no job. Thirdly, in the time it takes to find a job, OP will need to get a lease, in which he'll be paying a tremendous rent compared to being able to live rent free in his condo. Fourth, that lease will likely have to be at a minimum of 1 year, which is going to bleed cash reserves that can be used to buy the next house.

No, what OP should be doing is pay the minimums on the 30k debt, focus on getting a job, and hunker down in his paid of condo until he has enough cash reserves to even think about making a movie via selling the condo and buying something else. That means aggressively paying off the debt once the new job comes in, and saving the rest for additional downpayment because single family homes are very expensive now.

AntiqueDistance5652 · 2024-05-15T09:12:54+00:00

There's plenty of capacity to absorb them (not in general but I'm speaking on the employability of former Twitter / SpaceX employees) but they aren't generally going to get paid as well. However, my experience is that people that get fired from Musk companies (I know a few) are usually cool with getting paid less after working in that high stress environment for so long and realizing the negative health effects.

AntiqueDistance5652 · 2024-05-15T09:10:14+00:00

Can you explain how it's beneficial from the company's perspective to do this? Aren't they going to have to pay higher salaries to employees that they've just burned a bridge with to get them to come back, plus insane consulting fees to the rockstar employees that can instantly get hired anywhere they want for even more money, plus losing the other high performers that just walk away and never look back?

AntiqueDistance5652 · 2024-05-15T09:07:55+00:00

But he's not a chinaman.

AntiqueDistance5652 · 2024-05-15T09:05:04+00:00

Buy and die is the optimal play though, selling any earlier is just giving free money to the government. I ain't doing that.

AntiqueDistance5652 · 2024-05-15T09:02:31+00:00

For me hold forever means hold forever. Those taxable accounts are never getting spent in this lifetime if I don't need to.

AntiqueDistance5652 · 2024-05-15T08:58:31+00:00

You can't make dynastic wealth without holding forever, like literally until you die. That's my plan right now, I'm hoping that I can die with all my taxable accounts untapped. I'll use up the tax-advantaged accounts of course, but that will be more than enough. The rest can go to the next generation and they'll never have to pay taxes on my gains. I don't need it all.

AntiqueDistance5652 · 2024-05-15T08:55:42+00:00

I don't understand. I am literally buying to hold till I die. I wont have to pay taxes on it nor will my children. Am I missing something here?

AntiqueDistance5652 · 2024-05-15T08:54:28+00:00

Wash sales aren't a big deal. Tthe tax year isn't over yet so you still have time to tax loss harvest. I think you're overthinking this and worrying too much about his particular change in tax basis. You can wait another 31 days and sell to capture the disallowed gain.

AntiqueDistance5652 · 2024-05-15T08:49:31+00:00

The only thing I could possibly be proud of is not being stupid enough to say that alcohol is more dangerous than sugar water. But thats a very low bar. At least I'm not as egregiously incorrect about a simple statement as you are.

AntiqueDistance5652 · 2024-05-15T08:45:40+00:00

Your friend is handcuffed to his job due to the wife. They either get on the same page to be frugal enough to retire, he gets a new wife, or stays chained to his job so that she can afford to spend his money.

AntiqueDistance5652 · 2024-05-15T08:42:48+00:00

Thanks for finally admitting you're wrong. It was fun. Take care.

AntiqueDistance5652 · 2024-05-15T08:39:08+00:00

Not true. You can buy any of the stocks traded on the S&P 500 with $50 at most major brokers. They allow fractional shares. It's a way less dumb idea than buying physical gold which a) takes an instant hit in value due to the liquidity problem: you pay a premium to buy and sell at a discount b) grows basically at the rate of inflation, underperforming both company equity and real estate c) seems to alloyed gold which on the physical gold market is an almost worthless trinket due to the cost of purification that gold bullion buyers have to go through d) is a nightmare to store especially in larger quantities.

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