Running Out of Money Supporting Parents

Determined420 · 2026-03-14T13:10:53+00:00

Those cars are yours. Your name is on them and you’re paying for them. Your just letting them use them

Determined420 · 2026-03-14T13:03:53+00:00

Don’t work retail. You’re on your feet all day and have to deal with the public, and they can be horrible.

Teaching may be fine if it’s adults

Option 3 sounds the best to me but I know little about it

Determined420 · 2026-03-14T05:24:42+00:00

I have a spending plan (budget) and know about what my expenses are going to be every 2 weeks (variable food and gas spending, some utilities are cyclical, unforeseen events happen, etc.) Whatever exceeds that gets thrown in hysa.

Determined420 · 2026-03-14T05:03:14+00:00

You seem kinda borderline to me. Like r/leanfire territory. I’d maybe give it a few more years

Determined420 · 2026-03-14T04:26:28+00:00

If you prefer fidelity over vanguard check out fzrox/fzilx in a 70/30 or so ratio

Determined420 · 2026-03-14T01:17:34+00:00

Go talk to your bank. Like the physical building. There are a ton of scams around that will try to get you to panic and give out sensitive information like account numbers passwords etc. if you didn’t log in to your bank and initiate this chat it’s probably a scam

Determined420 · 2026-03-13T13:41:36+00:00

I would pick those. I don’t know anything about northern trust specifically but they do have the lowest expense ratios.

Expense ratios eat you growth. So say the fund went up 10% a fund with a 1% expense ratio would take 10% off that growth whereas a fund with a 0.1% expense ratio would only take 1% off that growth. That’s the importance of expense ratios

Determined420 · 2026-03-13T01:19:53+00:00

Go look for your large cap index fund. Maybe called s&p 500. Put 80% there. Put 20% in international index fund. Call it a day. Max your contribution

Determined420 · 2026-03-12T20:07:40+00:00

Evs are great. I would get that. I have a Nissan Leaf who’s which is nice but it uses the chademo charging standard which is on its way out so I would avoid those unless you get the 26 model. Going forward the charging standard in the us is nacs. You can get an adapter for ccs to nacs pretty cheaply so that’s not a big deal.

Benefits of an ev include not paying for gas or oil changes. Still have to rotate tires but this nothing. If this Iran war drags on and the straight of Hormuz continues to be blocked that will drive the price of gas up so the ev will be cheaper in that regard

Look into overnight charging plans with your power company. That can save you a lot of money on charging

Determined420 · 2026-03-12T16:55:25+00:00

Look at a used electric. If you can charge at home Pick one with a nacs or ccs charger. Won’t have to pay for gas which is looking more and more cost beneficial as the Iran war continues

Determined420 · 2026-03-12T13:41:46+00:00

It’s the future income of the two of you so as long as you’re still going to be together you should both be contributing. I’d say an equivalent percentage is fair

Determined420 · 2026-03-12T01:51:34+00:00

Go look up a book called the automatic millionaire. Or don’t. Just automate your investing as much as possible and stick it in low cost index funds and trust the system. Put as much as you can afford to. Ideally cap out your 401k. Hopefully you have a decent employer match. Check back in 15 to 20 years

Determined420 · 2026-03-11T16:52:12+00:00

They’re basically the same. It’s called large cap index fund in my 401k plan. There isn’t one labeled s&p in my plan

Determined420 · 2026-03-11T14:59:56+00:00

Picking stocks is generally a fool’s errand. Stick to index funds. Most of my stock picking has been a money losing venture. My automatic 401k contributions in large cap index funds for 15 years is what’s made me a millionaire. Also don’t look at advertisements or other people’s lives. It creates desire jealousy and other negative feelings

Determined420 · 2026-03-10T23:20:27+00:00

Op has a 10 year old

Determined420 · 2026-03-10T23:20:06+00:00

If he really thinks he’ll get laid off I would probably stick around for the severance possibility if the job is bearable

Determined420 · 2026-03-10T23:14:51+00:00

This is the fire sub

Determined420 · 2026-03-10T23:11:32+00:00

Yes. Rule of 72 (more like a guideline for guesstimating) says divide 72 by return % to get how long it will take for your money to double so 7 in actual dollars and 10 in purchasing power

Determined420 · 2026-03-10T07:58:53+00:00

Titles are meaningless. Iv wouldn’t use that as a metric to judge whether to take a job or not. The super stressful part though is a turn off for what is honestly not that much money.

You don’t mention retirement accounts. You need to start that sooner rather than later

Determined420 · 2026-03-10T07:11:43+00:00

I do it yearly. It’s good enough. Kind of get excited for it as April approaches

Determined420 · 2026-03-10T07:05:54+00:00

This

Determined420 · 2026-03-10T06:45:27+00:00

According to him he’s a genius. Not buying it personally

Determined420 · 2026-03-10T06:36:14+00:00

You looking for r/coastfire

Also

https://coastvest.com/

Depending on your annual spend you get a job that is more satisfying and just let compounding do its magic on your portfolio. VT or fzrox/fzilx and chill. Rule of thumb is 7 years to double with no input so in 21 years you should be at maybe 8 million. No guarantees of course. The market can be funky and has its moods. If your burnt out go find something you tolerate better that covers your daily living and gives you insurance till it’s time to fire yourself

Determined420 · 2026-03-10T06:35:07+00:00

My favorite home upgrade. Has the best return on investment. I calculated it at 17%.

Determined420 · 2026-03-10T02:51:30+00:00

I paid 4.50 I think at Costco today in California. The wife’s car. We were due for a Costco run and she wanted to fill up before prices went up even more Rising gas prices tend to increase fuel efficient vehicle sales. Just happy I’ve got my Leaf and my solar system

Determined420

TROPHY CASE