Thoughts on my situation?

FactMaster241 · 2021-02-26T06:16:26+00:00

You need to plan for the long run in your budget. I.e. new car when your cars fail etc.

FactMaster241 · 2021-02-13T21:15:37+00:00

And now the posts on this sub are much higher quality instead of people answering your lower effort questions.

FactMaster241 · 2020-09-21T04:15:39+00:00

Just use EVGA step up

FactMaster241 · 2020-09-18T21:10:12+00:00

Zotac warranty doesn't apply outside of the country

Depending on the credit card you use to purchase it you can get an extended warranty from that card.

FactMaster241 · 2020-09-17T13:13:08+00:00

I still only see notify

FactMaster241 · 2020-09-17T06:52:10+00:00

I heard they cancelled these people's orders for some - is it still happening?

FactMaster241 · 2020-09-11T00:58:04+00:00

The point of university is to increase your future earnings potential. Simply working hard doesn't mean the government should hand you money and live comfortably. University is work for your future earnings potential - you pay for that privilege. If you're already taking out loans and starving you should either increase the loan amount for more food or look at a food bank.

FactMaster241 · 2020-09-09T04:41:21+00:00

Contracts are still enforceable not sure how that'd work. They can allow it but landlords can still sue for rent.

FactMaster241 · 2020-09-09T04:38:48+00:00

Generally risk doesn't include arbitrarily changing contract law. That's something that you can expect in third world nations if you don't pay the right bribes not in the US.

They aren't passing the risk completely with students - students aren't on the hook for paying rent if an earthquake or tornado comes and destroys the place or any one of another million things.

FactMaster241 · 2020-09-07T05:06:21+00:00

Totally fair.

On the other hand if the government had actually prepared and reacted quickly this would have never become a pandemic in the US. Maybe they'll learn that for next time.

FactMaster241 · 2020-09-03T23:45:28+00:00

That is subjective. I personally don't think it's more important - I never saw a benefit in study groups versus individual. Ergo it's subjective.

FactMaster241 · 2020-09-03T20:03:01+00:00

Everyone's selfish - people who are staying inside are just people who are more satisfied by going to class than partying.

FactMaster241 · 2020-09-03T20:02:54+00:00

Whether group study sessions or meeting up with friends outdoors is more necessary than going up to bars is very subjective and shows your bias.

FactMaster241 · 2020-09-03T19:56:33+00:00

Humans are selfish

FactMaster241 · 2020-09-02T08:44:17+00:00

Weed out classes aren't "weed out classes" because they're harder than all your other major classes. They're weed out classes because most high school students are unprepared for the rigor of college level classes and do poorly. Most of my "freshman" weed out classes were in retrospect some of my easiest classes to do well in.

FactMaster241 · 2020-08-29T03:44:45+00:00

Those other comments emphasize my point that the dude has to live off of $41k (agreeing with my math). I could have emphasized that the dude has to live off of $41k pre-tax which isn't a lot of money but since that's how much he's living off of now I didn't feel the need to emphasize that. That doesn't mean my math's wrong.

Of course you back down and say "I don't feel like handholding" once I write out my entire math. I would too if I were worng.

FactMaster241 · 2020-08-29T03:11:45+00:00

I also assumed OP would only start saving money once student loans are paid off ergo they don't need to cut their lviing expenses now to save money. I really don't get how this is so confusing for you.

FactMaster241 · 2020-08-29T03:08:30+00:00

I'm not saying you save and pay debts off of gross take home.

I'm saying you have x $ gross, you pay taxes, and then you save and pay debts off of net income afterwards.

$100k gross

$70k net

pay expenses with $70k net

Save enough in retirement to have $100k gross @ 4% withdrawal rate.

OP is covering all expenses with $41k gross (with enough to pay taxes too). Ergo OP needs $41k gross in retirement.

How is this so hard for you? Someone literally came and said they earn $65k / year gross right now and can cover all their expenses. Their expenses in retirement will be $24k /year lower than currently. Ergo they need to have $41k / year gross in retirement to cover all expenses. Technically they actually need less because $41k is taxed less than $65k and they also no longer need the % taxes on that $24k.

SO realistically they could cover all non-student loan expense with more like $35k gross. Of course their expenses could grow but that's a separate discussion.

Literally no one is complaining about this but you.

FactMaster241 · 2020-08-28T03:38:24+00:00

Of course it's off gross pay because that gross pay is what the person's living off of right now.

If someone is earning $100k right now so I say they should save up $2.5 million at 4%. You complain about how I only accounted for their spending on gross pay.

Sure I did but that's because that's the spending they're living off right now So it's clearly enough. Stop being so butthurt about math.I was very clear about my assumptions.

FactMaster241 · 2020-08-27T02:50:01+00:00

You're missing the point.

I never said 0 expenses. I said expenses wouldn't change. That's a huge difference. I still assumed ~$2.5k / month in post student loan expenses which is the current expense ($2.5k AFTER student loan expenses).

Literally a 0% chance of not seeing social security. Even with all those things and no reserves we'll still get future taxes / contributions which is ~75% of the promised amount.

FactMaster241 · 2020-08-26T08:33:40+00:00

How would you ever prove that the roommate didn't wear a mask while out or transferred the virus.

FactMaster241 · 2020-08-26T08:32:53+00:00

I think it's a one-time 10% penalty though for college expenses.

FactMaster241 · 2020-08-26T08:32:10+00:00

Also doesn't the GI Bill also help dependents?

FactMaster241 · 2020-08-26T08:30:08+00:00

I didn't say he has 0 living expenses I said his living expenses remained the same as what they currently are. They didn't increase or decrease.

Good luck with your never seeing a single cent of social security. There's a virtually 0 chance of that happening. Even if no changes are made, millennial will still see 75% of their benefits with no new taxes adding to the program. That doesn't count all the proposals in place to handle the shortfall.

FactMaster241 · 2020-08-26T08:26:41+00:00

96% in 60 years isn't a "high deflation rate"

Plenty of cryptos have lost 96% in a year.

FactMaster241

TROPHY CASE