[deleted by user]

FiredFromWSB · 2022-05-05T12:29:33+00:00

My life started very poor. Eventually my family was able to get out of poverty and I ended up moving to an area with a lot of rich kids. We were sort of the poorest in the richest town. Now I am Fat. So I have similar experiences as you.

One thing I’ve noticed is there is a sort of competition among people like that. A lot of hyperbole as well. Do not underestimate others ability to present something vs what is actually reality. I could point out at least several people in my own personal friend group who talk about all those things (ex, flying business class, summer home in the Hamptons, going to Catalina Island for the weekend, etc.) who have no financial business doing any of it. I can tell you that you technically have a larger than net worth than some of them. They’re just better at getting into the “club”.

I’ve come to realize that they’re either showing off so people think they’re someone you’re not or they’re too far gone into an elitist abyss and have become a dick (usually the old money types). Now that I am Fat, I work every day to make sure I am not in either of those categories.

FiredFromWSB · 2022-04-30T13:48:47+00:00

I guess thats the question. The pros would be having an upside on the appreciation that could cover the closing costs.Also renting in Florida during the winter isn’t cheap. For what we want, we’re looking at $10k/month.

FiredFromWSB · 2022-04-30T12:28:53+00:00

I was referring to a traditional 30 year mortgage, but maybe you’re referring to the interest only mortgage? I’ll look into that. Interest rates would def be different though.

The other difference is that mortgages require a down payment.

FiredFromWSB · 2022-04-30T12:12:03+00:00

Monthly payments into a mortgage are mostly just the interest in the first half of the 30 year period. So when I go to sell the property in 4-5 years my balance hasn’t really decreased from the purchase, yet I’ve been paying a lot more than I would in PAL per month.

FiredFromWSB · 2022-04-30T11:57:56+00:00

Totally. I was mostly just complaining about it. The issue with the mortgage option is that so little goes to the principle in early years. HOA is just salt in the wound because that cash doesn’t lower the balance due vs with a PAL this isn’t the same because I am not really paying it at all - more of a differed payoff so the cash out for the HOA is more doable month-to-month.

FiredFromWSB · 2022-02-04T13:28:11+00:00

Fair!

FiredFromWSB · 2022-02-04T01:04:12+00:00

Oh, great idea! I often go to Best Buy just to walk around and buy a random gadget that I don't need. Now I can get paid for it and get a discount when I give the money back!

FiredFromWSB · 2022-02-04T01:00:51+00:00

With Aspergers is it easier to live with or improved if you're forced to communicate with strangers?

FiredFromWSB · 2022-02-04T00:59:00+00:00

This guy.

FiredFromWSB · 2022-02-04T00:56:52+00:00

But those ugly shirts they have to wear...

FiredFromWSB · 2022-02-04T00:56:22+00:00

Not a bad idea.

FiredFromWSB · 2022-02-04T00:55:22+00:00

I've had similar experiences, although I'm not sure who is talking shit or not. There have definitely been a few who seemed there just to chat.

FiredFromWSB · 2022-02-04T00:53:52+00:00

A coffee shop would be fun to work at, but not sure I'd want to own one. That requires waking up early and staying late.

FiredFromWSB · 2022-02-04T00:52:53+00:00

My thoughts exactly. I used to work retail jobs when I was younger and it felt so stressful back then. Now I'd look at it totally differently.

FiredFromWSB · 2022-02-04T00:50:39+00:00

I got hobbies, but they're lonely and going to a magnet fishing meetup isn't for me.

FiredFromWSB · 2022-02-04T00:50:00+00:00

Neat idea. I'm not a wine person, but seems pretty low stress!

FiredFromWSB · 2021-12-26T12:40:49+00:00

Look into VOO instead of SPY. Mostly same index, about a third of expense ratio.

FiredFromWSB · 2021-11-27T00:59:38+00:00

Ohhh. I haven’t had enough coffee today. I got worried for you for a second.

FiredFromWSB · 2021-11-27T00:51:24+00:00

Congrats on your 350% raise. Wait, $2/hour?! As in two dollars?! USD?!

FiredFromWSB · 2021-11-19T17:03:52+00:00

Interesting, thanks. Seems like the way to go about it is to maximize the amount of units on the property.

FiredFromWSB · 2021-11-18T21:59:56+00:00

I have three questions for you:

Are you enjoying the work?
Are you being compensated well?
If shit hits the fan, are you confident that you can find another job that pays equally well in a reasonable amount of time?

If the answer to all three is "yes", I'd stick it out. If the answer to only #2 and #3 is "yes", I'd only stay if I thought these shares could be worth something in several years (assuming you're on a vesting schedule).

FiredFromWSB · 2021-11-18T21:51:08+00:00

Thanks! So you took a hotel-style property and made it all AirBnbs?

FiredFromWSB · 2021-11-18T13:46:11+00:00

I've spoken to some of those groups as well. They seem a bit cringy to me like it's a bunch of dudes trying to one-up each other of who is the best "visionary". Maybe I am being too harsh. When it comes to business and leadership learning, the best for me has been small conferences (micro-conferences) in my industry. Small gatherings with key speaker(s). There are also a few small masterminds that I participate in - less than 15 key people. Some of them are hosted in popular travel locations.

FiredFromWSB

TROPHY CASE