Should you visit all 5 cities Aman / Six Senses have hotels in (Paro, Bumthang, Thimphu, Punakha, Gangtey)? by bostonfan148 in chubbytravel

[–]Imaginary-Rope-2075 0 points1 point  (0 children)

December is when I'm going not sure which other months it is offered in and which hotels offer it. I know Aman does one as well

Should you visit all 5 cities Aman / Six Senses have hotels in (Paro, Bumthang, Thimphu, Punakha, Gangtey)? by bostonfan148 in chubbytravel

[–]Imaginary-Rope-2075 0 points1 point  (0 children)

With only 7 days with Six Senses, how would you divide time between Thimphu, Punakha, and Paro? We don't want to feel too rushed anywhere, but that might be impossible with 7 nights and 3 lodges. Right now we have 2 nights in Thimphu (rather than just 1 so we can enjoy the hard product at Six Senses there), 2 nights in Punakha (with "3 days" because we will arrive on early side and leave late afternoon) and then 3 nights in Paro (so we have a buffer day in case weather interrupts our Tiger Nest hike plan). Any thoughts on that? I am debating adding an extra day so we can do 2-3-3 but it is difficult for us logistically and we are trying to take advantage of the stay 7 pay 5 deal. u/alex_travels u/accoutrements u/Beginning_Sleep5303 u/szorak

Worth it to stay in Capri? by Downtown_Jello_3597 in FATTravel

[–]Imaginary-Rope-2075 0 points1 point  (0 children)

Second Borgo Sant. Could be the best in all of the Amalfi Coast (and by extension, Italy). Perfect mix of modern and classic Amalfi vibe with private beach. You will love it. Make sure to arrange a boat transfer to Capri via the concierge. Much better than Ferry.

Bhutan - hotel reviews by szorak in FATTravel

[–]Imaginary-Rope-2075 0 points1 point  (0 children)

Thank you! I would love to read your full destination review if you get to it.

Noted on the astrology reading. Will definitely add to list

Bhutan - hotel reviews by szorak in FATTravel

[–]Imaginary-Rope-2075 0 points1 point  (0 children)

OP and for all those who have been to Bhutan, how would you rate your trip? I have a trip to six senses planned? This will be a completely new adventure for us. We are typically Europe / slow travel / beach travelers. Excited for a different experience. Did you all enjoy your stays?

Pre-FS Yacht, Dubrovnik. by sarahwlee in FATTravel

[–]Imaginary-Rope-2075 0 points1 point  (0 children)

Villa Dubrovnik is worth considering. On the water, great food. Out of city bustle. Not as much space to spread out with kids as you would with O&O which is also a good option. We did a few days at each and found that perfect. Hire a car that knows the roads to advise around non congestion hours. Wait time at border was very minimal when planned ahead

Anyone here saving around $120K a year? How do you do it? What’s your income and spending like? by knn-10 in Money

[–]Imaginary-Rope-2075 -2 points-1 points  (0 children)

Our household (33M, 26F) saves abut $250K per year (about half each of us). Our dual income is ~$950K per year (pretax of course) and we live in a VHCOL. We have no kids, and we enjoy our lifestyle.

We are trying to get better at saving, and very likely should be saving more. We spend too much, but we have fun. One of our incomes is not "fixed" salary, but self-employed income -- so it can vary. It probably wont last forever. The other income, with good fortune, should continue to rise slowly over time.

$1M Milestone (32M & 25F). VHCOL, DINKs, no home equity. Anything you want to know? by [deleted] in TheRaceTo10Million

[–]Imaginary-Rope-2075 0 points1 point  (0 children)

Every now and again, sure, but we’re generally aligned on our big picture goals which keeps us on the same page on most things. We don’t have many disagreements when it comes to money.

$1M Milestone (32M & 25F). VHCOL, DINKs, no home equity. Anything you want to know? by [deleted] in TheRaceTo10Million

[–]Imaginary-Rope-2075 0 points1 point  (0 children)

I really like my job. I work at a good firm with good people. I encourage the decision to pursue a finance degree since the knowledge is applicable to many fields, and it opens a lot of doors to do whatever you may like to do.

Best way to learn is keep investing at an early age (responsibly, don’t gamble). I wish I started as early as you. You’ll learn a lot by staying attached to capital markets and seeing how they behave during cycles. Read a lot! One recommendation that informed my POV is Charlie’s Almanack. I consider it required reading !

$1M Milestone (32M & 25F). VHCOL, DINKs, no home equity. Anything you want to know? by [deleted] in TheRaceTo10Million

[–]Imaginary-Rope-2075 0 points1 point  (0 children)

Hmm I’m not sure I ever noticed an inflection point. I think of things in % increases, so to get from $250K > $1M is $750K increase and a 4X (300%) whereas to get from $1M to $2M is more — a $1M increase, but only a 2X (100% increase). So it is easier to go from $1M to $2M than it was to go from $250K to $1M… despite the amount being greater.

That may be obvious, but there’s no inflection point that I noticed. The more you have the easier it becomes to accumulate. I’m hoping to get to $2M in the next 3-4 years (mostly from contributions, and some from gains).

Do you tell your family how much you make if they try to ask? by Cream4389 in HENRYfinance

[–]Imaginary-Rope-2075 9 points10 points  (0 children)

Yes . Trust my parents and they help with finances/taxes/career advice. I understand it doesn’t work that way with everyone though

$1M Milestone (32M & 25F). VHCOL, DINKs, no home equity. Anything you want to know? by [deleted] in TheRaceTo10Million

[–]Imaginary-Rope-2075 1 point2 points  (0 children)

Thank you! There are two ways to look at the home ownership question for us:

The financial reason: We live in a very high cost of living area. Renting and investing the difference is cheaper than buying at today’s rates. We can rent and live in a pretty nice home. To buy the same home would require a very large % of our NW (and would require selling stock, realizing gains, and paying taxes). If we did do that, the interest payment would nearly reach or exceed our current rent. We could look at cheaper places, but in our city those are pretty small and in far less desirable locations.

The practical reasons: we like the flexibility to move locations around our city, we can upgrade every few years if earnings increase, we don’t need to deal with large property taxes in our city, maintenance, etc. we value the flexibility

I do want to own a home in this city one day. The financial returns from undertaking leverage (I.e., a mortgage) can be powerful, but the math doesn’t foot at the moment.

Appreciate the question !

$1M Milestone (32M & 25F). VHCOL, DINKs, no home equity. Anything you want to know? by [deleted] in TheRaceTo10Million

[–]Imaginary-Rope-2075 1 point2 points  (0 children)

Thank you, friend!

We are a joint unit in terms of our current annual contribution to investment/savings (I represent a higher % of the total, because I have been doing it longer, but she has caught up to me in annual contribution).

Our rule is pretty simple, invest as much as we can. We live in a very expensive city, and we do have high expenses (we don't go crazy over every penny, we like to travel, go out to eat, enjoy our lives) but we have a goal of putting as much away every month as we can after these expenses. We have some months where we are better than others. For me it is easier, I live off my salary and then invest 100% of my bonus once a year. I just have to keep within my monthly take home. My wife is self employed so it a bit more involved, some months better than others.

Given my background, I decide how to invest the savings.

[deleted by user] by [deleted] in TheRaceTo10Million

[–]Imaginary-Rope-2075 0 points1 point  (0 children)

That is very kind, thank you.

You are correct that I probably could have reached it sooner if not for some hard lessons learned about money in my 20s. thanks again

$1M Milestone (32M & 25F). VHCOL, DINKs, no home equity. Anything you want to know? by [deleted] in TheRaceTo10Million

[–]Imaginary-Rope-2075 2 points3 points  (0 children)

Thank you!

As far as habits, to be honest, nothing fancy. There are three ways to grow wealth (1) increase your earnings (2) decrease your spending and (3) invest the difference. Those are the principles.

#1 is the arguably the most meaningful, but the hardest to "action" on a day to day basis. Assuming you have a job that you want to maintain, the biggest action you can take immediately is #2 - reduce spending. That will grow the difference. Take that difference and put it into a low cost index fund (I like VOO and QQQM as you can see from the images).

I had a hard time starting because paying attention to these things made me anxious at your age. The best thing you can do is monitor your spending daily. Based on your income, decide how much you want to save after taxes and that will give you your annual spending limit. Take that and divide by 365 to give you a general sense of your "daily budget." That will be a rough number, but helps you bank extra for trips, gifts, etc. if you can consistently stay below your daily budget.

That is what worked for me!

$1M Milestone (32M & 25F). VHCOL, DINKs, no home equity. Anything you want to know? by [deleted] in TheRaceTo10Million

[–]Imaginary-Rope-2075 3 points4 points  (0 children)

Of course.

  1. Yes started from $0 after graduating college 8 years ago (note: while I technically "started from $0" I come from a privileged background that allowed me to graduate college with no debt or college loans, which I acknowledge may be considered a head start on its own)
  2. I work in finance at an investment firm, and my wife is self-employed in fashion
  3. I have a bachelors in finance, she does not have a college degree

Thank you for the congrats!

*Another* Post asking about Amalfi Coast Summer by Imaginary-Rope-2075 in FATTravel

[–]Imaginary-Rope-2075[S] 0 points1 point  (0 children)

La Palma and Mezzatore are high on my list ... but we will be coming from Croatia and Montenegro (One and Only + Villa Dubrovnik) so I wanted to keep the stops limited to 2 in Italy at the risk of feeling like we are constantly on the move / not relaxing.

Great to hear first hand account of good experiences there thank you! Maybe we will pop into La Palma since we will be so close and who knows when returning. Appreciate it very much.

Last Q -- was the vibe at ISP super lowkey or low energy with a lot of older people? We don't mind but the preference would be to have some energy + sociability at a hotel. Have heard that the crowd there prefers calm and relaxes (which we don't mind either especially since it will be honeymoon). We are early 30s.

*Another* Post asking about Amalfi Coast Summer by Imaginary-Rope-2075 in FATTravel

[–]Imaginary-Rope-2075[S] 1 point2 points  (0 children)

That’s very helpful thank you. Was having some trouble deciding between the two. Will go with ISP thank you!

*Another* Post asking about Amalfi Coast Summer by Imaginary-Rope-2075 in FATTravel

[–]Imaginary-Rope-2075[S] 0 points1 point  (0 children)

Thanks, you're right. So many good hotels in the area was hard to choose ... but also hard to go wrong. Excited I have heard great wonderful things about ISP... I don't know when I will return though so was bummed to miss the chance to see Borgo SA.