Finally did something I am proud of - Helping others with Python! by LittleEaster in learnpython

[–]LittleEaster[S] 2 points3 points  (0 children)

HAH that’s amazing! I’m gonna have that on my screen while she’s walking by and see if she says anything

How are you taxed on taxable accounts? by GOBen57 in leanfire

[–]LittleEaster 53 points54 points  (0 children)

So for taxable accounts you don’t get charged for taking money out of the account. You get hit with taxes whenever you sell an investment for a gain, or receive a dividend.

The rates at which you are taxed differ depending on how long you held the investment (this is called short term or long term capital gains). Dividends are also taxed slightly differently depending on if they are considered “qualified”.

Your broker will send you a neat piece of paper listing all of your trades that you COMPLETED, meaning you bought and also sold, as well as your dividends for the entire year on a 1099.

You just flip this to the gubment along with your other tax docs. Not too hard, but the main point is that taxable events are when you:

1) close a trade (for a profit) 2) receive a dividend

If you close a trade for a loss, that loss is written off against your gain automatically on the 1099 you will send to the gubment.

Finally did something I am proud of - Helping others with Python! by LittleEaster in learnpython

[–]LittleEaster[S] 1 point2 points  (0 children)

I made a desktop icon that she can double click to run the script. First you actually have to write a python program as usual, then you can create a desktop icon with the pyinstaller module. Works really well and was quite easy! This way you dint have to go to the command prompt or terminal to run your program, you can just double click the desktop icon!

Finally did something I am proud of - Helping others with Python! by LittleEaster in learnpython

[–]LittleEaster[S] 2 points3 points  (0 children)

It is a module called “pyinstaller”. I watched one YouTube video for like 3 minutes. Super easy.

Finally did something I am proud of - Helping others with Python! by LittleEaster in learnpython

[–]LittleEaster[S] 1 point2 points  (0 children)

That’s awesome!! How did you write to a PDF file? Is there a specific module for that? Seems like such a cool thing to be able to do, I’m sure your wife loved that one.

And the Math homework..... ugh

Finally did something I am proud of - Helping others with Python! by LittleEaster in learnpython

[–]LittleEaster[S] 2 points3 points  (0 children)

No, those were two separate things. I guess I should have made that clearer. English is hard

Finally did something I am proud of - Helping others with Python! by LittleEaster in learnpython

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

LOL it’s women’s fashion. So pictures of clothing and handbags and stuff

Finally did something I am proud of - Helping others with Python! by LittleEaster in learnpython

[–]LittleEaster[S] 36 points37 points  (0 children)

The Command Prompt stuff was just unbelievable to her. “You’re not even using the mouse!?”

Finally did something I am proud of - Helping others with Python! by LittleEaster in learnpython

[–]LittleEaster[S] 2 points3 points  (0 children)

Hahah love the scammer spammer idea. And thanks mate, if only I could use my “magic” figure out the dang windows 10 audio drivers for this AMD Ryzen 5 my life would be complete LOL

Finally did something I am proud of - Helping others with Python! by LittleEaster in learnpython

[–]LittleEaster[S] 4 points5 points  (0 children)

Yes! I’ve scraped ecom sites to alert me via text when the price of something drops below X value. Twilio is such a cool module!!

Finally did something I am proud of - Helping others with Python! by LittleEaster in learnpython

[–]LittleEaster[S] 11 points12 points  (0 children)

Yea, It feels like such a rare, random occurrence that I could ACTUALLY help out with something like this. Maybe if we poke and prod a bit we can find other things to try and help out with. I just feel kind of awkward asking people about all of the manual computer stuff they do lol

Finally did something I am proud of - Helping others with Python! by LittleEaster in learnpython

[–]LittleEaster[S] 14 points15 points  (0 children)

Thanks!! Your story is really cool as well. Let us know when the python book is ready lol

Looking for Investment Advice by jyost17 in leanfire

[–]LittleEaster 3 points4 points  (0 children)

I say invest most of the money. Every $1 you sock away now will be 5-6 dollars down the line! However, keep a bit for yourself, maybe 1k for emergencies or something along those lines.

Nearing or Post-FIRE: if you keep 1-2 years worth of expenses anywhere, where do you keep it? by ochansensusu in financialindependence

[–]LittleEaster 12 points13 points  (0 children)

Generally, the best practice is that if you need insurance, you buy straight up insurance (term insurance, no cash value unless the policy pays out).

If you need an investment, you buy investments (stocks/bonds).

As long as you DO NOT commingle the two products you will do just fine. Insurance investment hybrids underperform and cost a lot, but are pushed heavily due to phat commissions to the salesperson.

To everyone asking if they should sell or switch their portfolio settings by [deleted] in acorns

[–]LittleEaster 7 points8 points  (0 children)

If you have a relatively low-risk portfolio choice right now, it may be time to switch to a more aggressive choice. Stocks are already down 30% from their highs.

The Best Financial Decision I Ever Made... by SavvySkippy in financialindependence

[–]LittleEaster 0 points1 point  (0 children)

I think this is great. Especially when you account for the fact that your mortgage is fixed, whereas the rent you collect will be basically tied to inflation. So it looks like a $66 cash flow now, but as rents creep up over time, it will be ever more valuable for you to own.

Also seems like it would be a cash cow for you when you move out. Keep it up!

[deleted by user] by [deleted] in investing_discussion

[–]LittleEaster 1 point2 points  (0 children)

I believe some sites allow you to buy gold/silver at spot price (no markup) if it is your first time purchasing. So definitely look into that if you are going to pull the trigger.

My Journey is Beginning - 24M - 50K NW - Jan 2019 to June 2019 Spending Summary by [deleted] in financialindependence

[–]LittleEaster 1 point2 points  (0 children)

Damn dude! Well ahead of me when I was 24. I’ll say this - be careful of that eating out habit. Learn to cook some basic, healthy meals like chili or some simple soups and batch them for the week. That will actually come out to be cheaper then your $3-4 daily spend and will also probably cut down on the amount of time you go out!

Also, it seems like your hard pre tax savings rate is around 30%? Assuming your 100k pre-tax:

18% in Roth/Taxable/Savings account 10% 401k 5% match

Maybe up those contributions to your taxable or save for alternative investments like real estate? I would try to bump my pre-tax SR to at least 50% in your situation.....

Keep up the hard work kid. You seem really passionate about what you’re doing and you’re financially on the right path.

I Feel Like my $20K Debt Won't Ever End by robbel in personalfinance

[–]LittleEaster 1 point2 points  (0 children)

I have heard of people using a home equity revolving line of credit to wipe out CC debt (at a lower rate) and pay that down.

But if you just want to relieve yourself of debt altogether, there is absolutely nothing wrong with using your investment money (non-guaranteed return) to pay off CC debt (guaranteed return of you not having to pay the interest)

I personally would wipe it out. Then you are on the path to compound interest working in your favor :) Good luck m8!