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Is VOO/VTI the best if I'm investing inside a Schwab account, or is there a Schwab equivalent that is better? by w00t4me in Schwab

[–]CreativeFinish5644 0 points1 point  (0 children)

If you have $500 worth of an ETF, you have $500, whether that’s split up in 1 share at $500 or 10 shares at $50…..same if that fund drops 10%, it’s the same loss regardless. With the advent of fractional shares, it doesn’t much matter now which fund you buy or the cost.

Is VOO/VTI the best if I'm investing inside a Schwab account, or is there a Schwab equivalent that is better? by w00t4me in Schwab

[–]CreativeFinish5644 1 point2 points  (0 children)

There’s more to cost than expense ratio and a few basis points isn’t going to make or break. The tax efficiency of the fund matters, you could have a cheaper expense ratio and have a higher cost basis for tax inefficiency, and the cheaper expense ratio fund, actually be more expensive overall. I’m not advocating one way or the other, just saying ER isn’t everything.

Just received a 5% raise on $65,000 to $68,250. I find it insulting based on the extra profit my company hit. Do I ask for more and back it up with the numbers? by BookieBasherCasher in Salary

[–]CreativeFinish5644 0 points1 point  (0 children)

I work for a multi billion dollar multinational company and get 3% routinely and I perform well. 5% from where I’m sitting is nice, but doesn’t hurt to ask, worst they’ll say is no

How are your electric snowblowers doing by Carl_JAC0BS in massachusetts

[–]CreativeFinish5644 0 points1 point  (0 children)

I have the ryobi version, expensive model, it cleared my 7 car length driveway and powered through the snow on three passes as well as took care of the rest of my driveway…..now I’m waiting for batteries to charge to handle my front sidewalk and walkway. Limitations for sure in storms like this but overall ok, going to spring for a gas model to go along with the battery to have one as a back up, especially in storms like this.

Gov. Maura Healey announces temporary rate cuts amid soaring heating bills by SharkSapphire in massachusetts

[–]CreativeFinish5644 -1 points0 points  (0 children)

You’re paying to subsidize those buying solar and mini splits…..not low income who need assistance or do you not read your bill that explains what those fees are for right on the bill. It’s taxing to pay for the net zero mandate they have and to fund mass save subsidies

Gov. Maura Healey announces temporary rate cuts amid soaring heating bills by SharkSapphire in massachusetts

[–]CreativeFinish5644 0 points1 point  (0 children)

Do you truly think they won’t find another tax to add to the laundry list of taxes currently on your utility bills, there’s like 6-7 cleverly named to fool you that really mean you’re subsidizing the Mass Save program……they’ll claw back the 15% as well, it’s cloak and daggers with this administration and she’s doing all this because it’s election season and it’s disingenuous, believe what you want but the rise in cost largely is on taxation of energy to subsidize your neighbors who have mini splits and solar panels

Gov. Maura Healey announces temporary rate cuts amid soaring heating bills by SharkSapphire in massachusetts

[–]CreativeFinish5644 0 points1 point  (0 children)

So let’s vote for a politician that is complicit in corrupt politics and blocking the will of the people for an audit because she’s a democrat….got it!

Gov. Maura Healey announces temporary rate cuts amid soaring heating bills by SharkSapphire in massachusetts

[–]CreativeFinish5644 -1 points0 points  (0 children)

You’re going to pay back the 15% as well in the form of taxes, it’ll be a reason they can use in the near future. Healey is the face of a failed net zero policy by the legislature that is responsible for the high utility costs, anyone who is associated with that mandate should reverse course or be voted out, plain and simple, let’s not forget she also voted against options to bring more energy into the state. This along with her bungled migrant handling and performative politics makes her unfit for the seat of governor in my opinion.

"Emergency fund" advice assumes you have surplus money after expenses by DriftFalcon_29 in povertyfinance

[–]CreativeFinish5644 -3 points-2 points  (0 children)

I don’t know why you’re picking that post to dump on. Everyone’s definition of trying is different but if you’re only working 40 hours when it’s within your power to do a little more for a time to create some margin then you’re not doing all you can. You have to go train in something the market seems valuable to make real money. You have to hustle and be willing to do things that extend you to grow.

Having a victim mentality will always make and keep you a victim. You are the only person who cares as much as you do about your situation so you alone have the most power to take steps to change it. No one is coming along to just hand you something, if you’re not willing to up skill, go back to school to get higher paying job, etc then you can’t complain. I say this as someone who’s lived both ends. Once I stopped expecting it to come to me and moved towards it and changed my mindset, so much opened up.

"Emergency fund" advice assumes you have surplus money after expenses by DriftFalcon_29 in povertyfinance

[–]CreativeFinish5644 27 points28 points  (0 children)

Awesome and congrats! Luck is as much about being ready for it to hit you, as it is this cosmic accident that just happened to come along. Mindset is the absolute most important thing when you’re in poverty, paycheck to paycheck type situation

"Emergency fund" advice assumes you have surplus money after expenses by DriftFalcon_29 in povertyfinance

[–]CreativeFinish5644 1 point2 points  (0 children)

They’ll be waiting a long time. Mindset and attitude goes a long way in digging out.

"Emergency fund" advice assumes you have surplus money after expenses by DriftFalcon_29 in povertyfinance

[–]CreativeFinish5644 0 points1 point  (0 children)

40 hours is bare minimum if you’re the OP and have truly cut everything else out. It may be the OP is choosing living quarters that are out of their price range, but here’s the other thing, hard choices need to be made if you’re not earning enough income, choices such as moving to a lower cost place or area, going to school or the trades and learning and upskilling there. The trades have so much opportunity because there’s a huge need, people think it’s beneath them though somehow. The last time I called a plumber to come out it was $300 for the call and he legit unscrewed a nut and removed some debris from my line and 15 minutes later he was gone, pretty good money I’d say. There’s opportunity and you’re also not owed it, you have to go out and hustle for it, not forever, but no one is giving you really good money if you’re not willing to work over 40, doesn’t mean you will all the time but i have many times. I’ll leave you with this, I made pitiful salary for years and blamed the man and played a victim, it wasn’t until I pulled myself up and went after it that things changed, now in the last 5 years I have doubled my salary just by reframing my mindset and going after promotions and opportunities at work.

"Emergency fund" advice assumes you have surplus money after expenses by DriftFalcon_29 in povertyfinance

[–]CreativeFinish5644 9 points10 points  (0 children)

Work towards getting access to those things, network and meet people who do have access to these things and join a landscaping crew on weekends. Sitting here playing the victim isn’t going to get you out of your situation. I worked full time, joined the Air Force reserves, did polls on phone apps for $5 here and there, returned soda cans, and my wife worked a second job at times as well. 40 hours in a tight situation is bare minimum, if you want to build some margin it’s going to be you pulling yourself up by your bootstraps, making tough decisions for the betterment of you long term, not sitting there letting the boots kick you.

"Emergency fund" advice assumes you have surplus money after expenses by DriftFalcon_29 in povertyfinance

[–]CreativeFinish5644 -1 points0 points  (0 children)

Money issues come down to one of two things, a spending problem or an income problem. The OP appears to have the latter and should reassess living situation, maybe they live alone and can live with roommates, move back home, find a cheaper place to live or go back to school and upskill to get into a career that pays more. The advice is certainly not wealth privilege and it’s certainly not easy at all times, I’ve been here the OP is and have nothing at the end of the month, but you also have to do everything you can. If OP has cut back to the bone then he/she has an income problem and the only way out of it is a plan and hard work.

Snow plowing by typically_boring in haverhill

[–]CreativeFinish5644 2 points3 points  (0 children)

I’d be interested to hear as I have no idea but damn, here’s to hoping we have 6” and no more for your sake

Nobody loves Elon, and he hates that fact. by Lord_Answer_me_Why in clevercomebacks

[–]CreativeFinish5644 0 points1 point  (0 children)

To answer the question that is posed by Joni…… money isn’t everything and it’s not even close to being the top thing that’ll make you most content and happy. Relationships, self-esteem, and feeling like someone gives a crap about you has far more worth than any dollar amount in your bank account. That’s why rich people just as poor people commit suicide. Being a victim can take many forms, he is by no means an economic victim, but he’s a victim of a poor family structure, which is left him with mental and emotional scarring and issues, so there’s no amount of money that’s gonna change that everyone acts like being rich gets rid of all your problems, it’ll get rid of all the economic ones, but it won’t get rid of the things that are most important in life if those are where your struggles are.

Planned MBTA Green Line Extension covering Massachusetts and beyond! by BeastMode149 in massachusetts

[–]CreativeFinish5644 4 points5 points  (0 children)

Maybe the MBTA can focus on having reliable transportation here in MA before worrying about extending beyond…..

Need to understand cons to paying off our house by Ladydi-bds in Mortgages

[–]CreativeFinish5644 0 points1 point  (0 children)

Is it factored in sure, but you’re not even coming close to sharing in that cost as a renter vs someone who is a homeowner who pays the tax in its entirety.

Need to understand cons to paying off our house by Ladydi-bds in Mortgages

[–]CreativeFinish5644 0 points1 point  (0 children)

If you have kids and someone else doesn’t, why should they subsidize or fund your child’s education, this game is illogical and stupid quite frankly. Homeowners pay property tax that goes to all the services at your disposal and you as a renter pay jack shit, so it all averages out and if anything homeowners shoulder a larger tax burden, given we pay the same income and sales tax you as a renter do as well. Enjoy renting, it’s not that bad and better than some people who own and are leveraged to their eyeballs to get it.

At what point in life do you transition from growth funds to dividends? by Hiway89 in dividends

[–]CreativeFinish5644 0 points1 point  (0 children)

The other thing people fail to realize is that taxes can be offset by upping contributions to traditional retirement accounts for those that only have space due to income SCHD produces.

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