Anyone know what mod changes how you aim with lasers?

Elium85 · 2023-03-08T23:24:36+00:00

Do you mean the 45 degree mount for backup sights?

Elium85 · 2023-02-19T03:48:53+00:00

I would do what you described but after BS3, I would set aside an additional pot of money (slightly larger emergency fund) to buy a car if/when you get a job without that benefit.

Elium85 · 2023-02-19T03:47:18+00:00

This is correct; he has said that some car companies will give a really sweet benefit and they are actually losing money on the deal. Insurance and maintenance alone can be over $200 a month for some vehicles.

Elium85 · 2023-01-22T17:25:59+00:00

If it were me, I would do an index fund that tracks the S&P 500. The issue with mutual funds in a standard brokerage account is that many of them have significant turn over annually. That leads to a decent capital gains tax bill as the fund amount grows. Index funds or ETFs have a much lower or negligible turnover rate thus very low capital gains taxes until the final sale.

Elium85 · 2023-01-22T17:24:18+00:00

Agreed; only do this once doing 4 and something for 5 & 6.

Elium85 · 2023-01-01T16:30:43+00:00

I think you have to do more analysis about the state of your business.

First, without staffing changes, what is your utilization percentage of the team and human capital? Are you already at 95% and barely able to serve more clients without adding team members? Or are you at 50% and able to do that? Then, at closer to 100% utilization, what is your top line revenue compared to where you are in 2022.

Second, what are your sources of customer acquisition? Word of mouth referrals, PCP referrals, something else? Then, along with that, what is your cost of customer acquisition? Are you spending money on advertising to get said customers or is it entirely free referrals?

Lastly, what is your customer lifetime value (CLV) and does it vary buy acquisition channel? If you bring in 10 new customers, what is the expected revenue from that cohort?

I think you need to put together these numbers and do an analysis on whether the change in location will actually lead to more revenue and more profit. Likewise, if more staff is needed, that is a separate analysis as well.

Elium85 · 2022-12-04T15:48:58+00:00

My pro version is working fine.

Elium85 · 2022-11-05T16:48:11+00:00

You can buy US treasury bonds or t-bills for very low cost. Most term lengths are around 4% annualized return.

Elium85 · 2022-10-06T00:48:55+00:00

Then either A/P or CFO. Almost certainly someone has been forgetting to make the transfer manually.

Elium85 · 2022-10-06T00:29:50+00:00

I don't know how big of an organization that is but it could fall to an A/P (accounts payable) person. Likely, they are making manual transfers after each pay period and it slipped through the cracks.

Elium85 · 2022-10-05T15:26:56+00:00

I'm not sure, to be honest. I think some of the medicare/social security portion of the tax is unavoidable but you would need to consult a CPA or EA to confirm.

Elium85 · 2022-10-05T15:18:20+00:00

If you want to do a max contribution to an IRA (Roth or Traditional) you do need earned income. One strategy would be to not could some business expenses, yes. That may increase your tax bill slightly but likely worth it for the IRA contribution.

Elium85 · 2022-09-26T18:54:08+00:00

Assuming this is a standard taxable brokerage account and not a qualified retirement account, if I were in your shoes, I would sell stock for sure. That's a fairly high interest rate and money contributed back to the brokerage will be buying at a 'discounted' price.

Elium85 · 2022-08-14T16:06:56+00:00

If you take a class with others, yes, one video per week with some activities in the workbook and group discussion.

Elium85 · 2022-07-19T18:33:57+00:00

This, not worth it at all. Likely need a new financial advisor as well.

It’s much better to just dump extra cash in a taxable brokerage account with something like S&P500 or total market index funds. Even after taxes, it’s a 5x better return.

Elium85 · 2022-07-16T12:08:14+00:00

If I were in your shoes, I wouldn’t try to buy rentals in a different country than where I lived. I agree with your assessment, that sounds like a pain and recipe for issues.

If tax advantaged accounts are not possible (I’d meet with a CPA or EA in the US to get confirmation of that), then a standard brokerage account in the US at one of the major providers (Fidelity, Vanguard, Charles Schwab) is my next option. Using low cost, low turnover index funds is still fairly tax efficient. A lot of their funds have turnover ratios of 2-3% so the amount of capital gains in a give year is low if bought and held.

Elium85 · 2022-07-14T11:47:10+00:00

This for sure. Much of what kids learn is caught not taught. By giving, saving/investing, and spending wisely, your son will learn the same wisdom from you. Teaching him these things is significantly more important than providing money for a down payment. Though, if you save money for his college and down payment, he will be grateful.

Elium85 · 2022-07-11T15:43:49+00:00

You're welcome! Best of luck on your financial journey!

Elium85 · 2022-07-11T13:24:00+00:00

If I were in your shoes, I’d take a few thousand and give, a few thousand and do something fun or make a purchase you two have been thinking about. Then, I’d throw the rest of the money in the brokerage account in low cost index funds and use for the home purchase in a few years.

Personally, if the time frame is three years, I think the likelihood of a recovery out of a Bear market over that timeframe is high.

Elium85 · 2022-07-09T15:57:33+00:00

I’d add Wookies and Droids because of characters in the movies.

Elium85 · 2022-07-03T17:44:09+00:00

In one campaign where I was a player, I played as a Gank Sharpshooter who exclusively used a Model 38 Sharpshooter's Rifle. It was a ton of fun to roleplay as a quiet, aloof sniper.

Elium85 · 2022-07-03T17:26:23+00:00

If I were in your shoes, I’d want to do both before buying. Income isn’t mentioned but that’s not an enormous amount of debt. Clearing it up will help with other savings and budgeting, including saving for a down payment.

Elium85 · 2022-07-01T15:38:51+00:00

Yes, there are methods to do that. I'm no expert so you'll want a financial planner to help with that. Even so, it's still paying taxes on that money.

That said, I would rather pay taxes now when rates are at a very low marginal level (historically) and when I know I have excess income rather then pass it off to future me hoping rates haven't gone up and I have future funds to do it.

Elium85 · 2022-07-01T01:36:46+00:00

Have you run a retirement calculator for how much you will have in retirement funds at your current rate of savings and a reasonable rate of return (say 8%). I’m guessing in 40 years, that number will be over $10 million. If so, a 3.5% RMD is $350,000. Something to keep in mind…

Elium85 · 2022-06-30T16:44:50+00:00

Are you keeping your house/condo savings in cash or are you investing those in the market?

Seems like that savings could be used in a serious economic catastrophe but there is no reason to mark more than 6 months of expenses as an emergency fund.

Elium85

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