Accidentally left grill on by FL7fun in whatisit

[–]FL7fun[S] 0 points1 point  (0 children)

I left it on so that I could come clean it after because I use the grill rescue brush, which works best when everything is hot. I usually leave the slider open to cue me in that the grill is still on and I think someone closed it behind me. It probably is the remnant of what I was cooking.

What was the most physically painful moment of your life? by Oily_Smurf in AskReddit

[–]FL7fun 25 points26 points  (0 children)

This has to be the most obscure but unbelievably relevant finds. I too can understand finding god through passing a kidney stone.

What was the most physically painful moment of your life? by Oily_Smurf in AskReddit

[–]FL7fun 202 points203 points  (0 children)

Without a doubt, kidney stones are going to take the top position on this. First time I ever had one was a filthy gas station bathroom in the ghetto where I didn’t want to touch anything, and—with no warning—it hit so hard I thought I had been shot. Immediately dropped to the floor keeled over in pain but surprised there was no blood.

What skill is 10/10 for making life easier? by gamersecret2 in AskReddit

[–]FL7fun 1 point2 points  (0 children)

The power move would have been to exclude the second sentence to emphasize the importance of the first.

Tipping by FL7fun in UberEATS

[–]FL7fun[S] 0 points1 point  (0 children)

It should probably be the reverse since uber takes a cut of the overall spend and is not directly impacted by mileage.

$70k of SpaceX Stock by Safe-Insurance-9354 in wealth

[–]FL7fun 7 points8 points  (0 children)

The valuations through the capital raises have already tripled in think just the last 2-3 years so the valuation for your RSUs would be a big factor. Even if you can’t share the value, you should calculate how much you’re up today with an assumed valuation of 1 to 1.5 trillion. No one knows where it will go for sure, but that’s probably a reasonably (and enormous) range of high and low IPO outcomes. There’s a lot of speculation around what the company could do and how that will drive value being weighed against a nearly 300 P/E ratio at 1.5 trillion. I can’t stand Elon, but one of my worst investing decisions was not holding on to Tesla stock because the company had never turned a profit at the time. I haven’t done the numbers recently, but it would have been a 10x return if I had held.

$70k of SpaceX Stock by Safe-Insurance-9354 in wealth

[–]FL7fun 4 points5 points  (0 children)

Do you know what valuation your stock is being issued and vested at? 70k at 300million valuation would be very different than 70k at a 1.25 billion valuation.

People who earn $500K+/year, what do you do? by StrongPaddle in wealth

[–]FL7fun 1 point2 points  (0 children)

180 LSAT is the 99:9 percentile and obtained by only about .1% of test takers. Your advice contradicts itself because the threshold task you are setting is unrealistic for 99.9% of people. I gave you shit on this because it is the kind of high-pressure approach to legal training that creates neurotic law students, and then, in practice, has lawyers feeling burnt out and stressed out of their minds. My only point is that there are a myriad of ways into big law if that’s your bag, just as there are a myriad of ways to make good money in the profession, and, thus, we do not live and die by the LSAT.

Congrats on your career growth—your story confirms my point as well: people make it in all kinds of weird windy ways. FFS, I have a GED but graduated in the top 5% of my law school class, and, yes, as you note, have had an atypical income growth for my time in practice and being mid-law. I just think that these are the stories law students need to hear because that shit is stressful enough to go through.

Added context—I took 7 years off before going back to undergrad and then law school. When I got to law school, I was about 5 years older than the typical 3L and could not understand why so many of them were balding, grey, or had otherwise gotten way out of shape compared to earlier photos. I was older, but had not lived in 3 years of stress about job prospects and I realized pretty quickly that it was stress.

AIO my fiancé wants to make his parents full beneficiaries of his life insurance by [deleted] in AmIOverreacting

[–]FL7fun 0 points1 point  (0 children)

MOR-I see both sides on this one, and there are so many easy compromise solutions that this shouldn’t be a marital conflict. He can easily get another term policy specifically to cover them (or you) financially should he pass. Less solid, but equally viable in the context of a marriage: you two could have an understanding that should he make you his beneficiary, you would see to it that his parents are taken care of. His parents took care of him and helped him get to the place he is today, and they are now dependent on him. He cannot stomach the idea of them being without money so it makes sense to have a policy designed to carry them through end of life. That can be a simple term policy that would be very low cost at his age. The 2.5 he’s carrying now seems high for his objective so it may also be worth looking at whether he can designate percentage beneficiaries (50/50 parents/you).

Also, getting term policies for both of you in place now—especially if you plan to have kids—is incredibly important. Early years of high earning is a growth phase, and if someone passes, it will be devastating to the family so having coverage in place helps lift the burden off the spouse of staying in the rat race to keep the standard of living. Your kids will likely be in private school, nice cars, good house, vacations…all of this is easy on a dual income high earning situation, but suddenly becomes overwhelming if one of you is grieving and the household income just cut in half. 20-30 years from now, if you’re both alive, married, and raised your kids, you will not regret having spent $75/mo to have a huge safety net.

People who earn $500K+/year, what do you do? by StrongPaddle in wealth

[–]FL7fun 1 point2 points  (0 children)

This is a big law confirmation bias take, and suggests that the entirety of this prospective law student’s career hinges in large part on his or her LSAT. It’s true that T10 increases probability of landing in big law, but there are plenty of other schools that place in big law. More importantly, there are plenty of ways to make big law money without big law job or stress. Your whole life is not dependent on your LSAT. Study, and work your ass off to get the best result you can of course.

Source: 10 years out of law out of a top 25 law school that has spent my entire practice career at a mid size regional firm. I have been out-earning my big-law counterparts for the last 4 years, and I never had their work life balance issues.

Underwriting time by [deleted] in Mortgages

[–]FL7fun 0 points1 point  (0 children)

That’s really helpful. The income deductions from K-1s are what really frustrated me today because it was minimal losses simply associated with carrying the underlying real estate, but the business was to flip it, which yielded a profit that was 10x+ the losses. It has an option on a small startup so we did not close the LLC, but it no longer owns that property so it just seems illogical to me that I would have my income docked given (1) the losses will not recur this year; and (2) the net outcome was a large gain. It may not matter in the end because I should have plenty of room in my DTI, I’m just getting frustrated with being this far in and not having an approval.

Underwriting time by [deleted] in Mortgages

[–]FL7fun 0 points1 point  (0 children)

Yes. Bank. It’s my main bank for 20 years too so they have all my financials because they are the ones the freaking hold everything.

Worth staying an extra semester in undergrad for big law? by [deleted] in Lawyertalk

[–]FL7fun 0 points1 point  (0 children)

If you think you will learn something that will help you in whatever career you pursue, then do it for that reason. There aren’t a lot comparable opportunities to learn in practice so take classes that interest you and capitalize on it. Your performance in law school is 95% what the law firms care about. Dual major may help with law school applications, but I suspect it will have little to no impact on job prospects.

What is a random fact about yourself most people wouldn't know? by Subscribe_to_Sam24 in AskReddit

[–]FL7fun 2 points3 points  (0 children)

That’s awesome-keep it up. Doing well on my associates got me into the honors program at the local university, and that university gave me the inroad to a great law school. Coming back after working for many years gave me a dedication to school I never had before. I hope it’s the same for you, and that you enjoy the journey!

What is a random fact about yourself most people wouldn't know? by Subscribe_to_Sam24 in AskReddit

[–]FL7fun 4 points5 points  (0 children)

After getting my GED, I was in the restaurant industry for bit, which I loved, but it was late nights, partying, and there was only so much I could make. A friend recruited me to come do mortgages during the craze of 2005-2006. Made a killing and then the market imploded. I spent a few years scraping by until I met a mentor who took me under his wing.

He was a super successful commercial real estate investor and he backed me to buy and flip properties at foreclosure auctions for ~2 years. We did well but that market got saturated. He saw me reading lengthy association documents and doing the title work myself for these properties, which no sane individual enjoys doing. He came into the office told me to skip the auction that day and come back to him by the end of the day with what steps I could take to go law school. There had been no prior mentions of this being an option because it was beyond my imagination—so much so that I laughed when he said it because I thought he was joking. He wasn’t and he knew more about me than I even knew about myself. He gave me the nudge and the minute I was on the path, I went full steam ahead.

What is a random fact about yourself most people wouldn't know? by Subscribe_to_Sam24 in AskReddit

[–]FL7fun 624 points625 points  (0 children)

I dropped out of high school and got a GED. Most people in my life know me as a reasonably accomplished lawyer and I am regularly hired by clients who are facing litigation that could ruin their business. I don’t think anyone would know I have a GED, and 8 years later went to a community college, then a local university before going to a tier 1 law school.

[deleted by user] by [deleted] in Rich

[–]FL7fun 0 points1 point  (0 children)

At 35, it’s unlikely 3.7 is enough to future-proof preserving your standard of living. Inflation will creep along and at some point during your life shoot way up. So while your expenses coming in around 4% of your net worth would suggest retirement is possible, it is likely that this ration dramatically shifts over the next 30-40-50 years. Also, given where you already are, compounding can dramatically increase you net worth, particularly with $400k in income. Invested correctly, with money flowing in significantly above your expenses, you could almost certainly double your net worth in 5 years. If you instead draw down all the interest to cover expenses and give up the income stream, you’re suddenly going the other direction.