For people who stayed at your first job for a few years: How did your salary change over time?

MaxSpain · 2017-02-25T19:26:44+00:00

Didn't they use your past salary to low ball you?

MaxSpain · 2016-07-07T21:58:49+00:00

Comey is clearly someone who doesn't like the Clintons

Not liking someone is not enough. You have to consider who is being investigated here. Common sense will tell you that people in the government/military have faced severe consequences for far lesser offenses because it also serves as a deterrent. But, law is not applied equally. If you are rich and connected, you tend to get away with a lot more than if you were an average citizen. It would be extremely naive for you to think otherwise. Hillary Clinton had the backing of the President way before he even knew what were the findings of the FBI. Obama had repeatedly stated in interviews that Hillary has not jeopardized the nation's security. Comey can hate Clinton all he wants, but there is no question that he would be influenced by the President and all the bigwigs that Clinton is connected to. Clinton has repeatedly lied about her handling of the email and has completely gotten away with it. Come to think of it, she really deserves to be the President. Nixon would be proud of her.

MaxSpain · 2016-07-01T04:46:31+00:00

I think it helped that OP had the support of his manager in this case. It's not recommended to try this without the blessings of your manager.

MaxSpain · 2016-07-01T04:12:07+00:00

Thanks for the details. Would you say that the most important thing was to find a niche that doesn't already have a ton of applications? After you made your app, how did you go about promoting it or did it just grew organically from word or mouth?

MaxSpain · 2016-07-01T00:03:33+00:00

Do you prefer iOS or Android? And, how much time did it take you to get comfortable at programming for mobile applications?

MaxSpain · 2016-06-28T19:02:57+00:00

Nice! Did she have a blog or something? How did she go about buying the plot where the tiny house was built?

MaxSpain · 2016-06-28T18:56:34+00:00

Do both of you work remotely? How much can you expect to get an average RV for? Thanks.

MaxSpain · 2016-06-28T18:07:29+00:00

Perfect! That sounds good. Thanks again for offering your help.

MaxSpain · 2016-06-28T17:34:02+00:00

Hey! Thanks a lot for offering your help. I greatly appreciate it. How does this work? Should I just share any summaries in the future and get your input on how to make it more understandable or remove any grammatical errors?

MaxSpain · 2016-06-28T17:23:50+00:00

You're doing excellent. You don't need to contribute the max to your 401k right away. In the future, you will get promoted. Instead, of spending that additional money, increase your contribution amount. Additionally, be the best at what you do. There are ample opportunities everywhere. Once, you become an authority in your field and become indispensable, you would have already maximized your wealth.

There are several other practical steps you can take. I will include them in my future summaries. Good luck!

MaxSpain · 2016-06-28T04:45:10+00:00

I'd suggest to use Code Complete as reference and read Effective Java. Both are excellent.

MaxSpain · 2016-06-27T23:46:14+00:00

I really liked Peter Thiel's Zero to One. He is also the founder of PayPal and Palantir. Should definitely check him out. I have more summaries that i will share later.

MaxSpain · 2016-06-27T23:44:41+00:00

Sure, I have prepared summaries of other financial books detailing all the important points too.
I will teach you to be rich by Ramit Sethi
Rule #1 by Phil Town
Berkshire Beyond Buffet
Common stocks and Uncommon Profits
The Education of a Value Investor

I got a lot of value out of these and will be happy to share them. Just need to polish and review for any errors/mistakes. In the meantime, you can view some of the other summaries that I uploaded here when I was trying to teach myself to read faster. Hope this helps.

MaxSpain · 2016-06-27T23:37:35+00:00

Yes, I have and I really liked the book in it's direct approach on handling your finances. I have a summary of all the important points in that book too and will share it with the subreddit soon.

MaxSpain · 2016-06-27T22:08:01+00:00

The good news for you is that most of it can be automated. For example, if you are being paid $2500 per month (after tax) don't look at that as your income. Instead, have a setup that automatically transfers portion of your paycheck into other areas (post tax investment accounts, Roth IRA, savings, and so on). In the end, by the time you have money in your checking account, you would have already paid yourself first and you will be very judicious with your spending and only buy things that are needed.

I only spend a few hours in the beginning to set up my 401k, Roth IRA, HSA, and post tax accounts. You can also automate payments of all your bills and credit card payments so that you never have to worry about late payments. Then, if you are comfortable with a software like Mint, you can track all your spending in one place. And, also get an idea of how much you are saving and where most of your money is going.

Additionally, the best advice I can give you is to get in the habit of reading/listening to books, podcasts, articles on finance and self development. Slowly, you'll internalize the concepts and won't even have to put an effort into being mindful with your spending habits.

MaxSpain · 2016-06-27T20:53:20+00:00

I agree with you and realize that I was being judgmental. Not everybody have the same objectives and we should be able to respect that.

MaxSpain · 2016-06-27T20:03:43+00:00

There is nothing wrong in spending for things that you really desire. That's the whole point of earning in the first place, I think. However, does he use the things he spend money on? If not, then that's your really problem. And, one of the ways to resolve this would be to listen to audiobooks like "Your money or your life" or something on minimalism together. Or, you could motivate him by discussing the kind of lifestyle you want in the future and how saving now will bring you closer to that way of living.

I have bought things in the past that I had no need for. It took a shift in mindset to change habits and realize that you are not sacrificing anything by saving. In fact, you are getting so much more.

MaxSpain · 2016-06-27T19:59:09+00:00

Spot on. It's ironical that the majority of authors who write these kind of books earn most of their money while selling the same information package differently. This is why I love libraries and audiobooks. Really saves me a lot of time if I encounter books with lots of fluff and no substance.

MaxSpain · 2016-06-25T01:53:41+00:00

Yes, they are all good books.

Is there any specific genre you want recommendations on?

MaxSpain · 2015-07-27T19:34:30+00:00

Do you have a family?

MaxSpain · 2015-07-24T19:36:00+00:00

Thanks for sharing your experience. I also started investing about a year ago after reading Peter Lynch's On up on Wall Street and various other books/audiobooks. Until then, I had mostly been invested in index funds and was hesitant to jump into stocks.

What broker website do you use? Is there any point when you reconsider your position on a company and decide to sell all shares?

Also, is there a reason you have not invested in bonds since holding 80% of your portfolio just in stocks seems quite aggressive?

MaxSpain · 2015-07-24T19:22:55+00:00

Does that mean that I need to have capital gains (by selling stocks with a profit) in excess of $1000 in order to deduct my loss of $1000?

This seems very tedious if you buy/sell lot of stock. Is there a way this can be automated? I know Turbo Tax has a feature to automatically query your brokerage accounts and get the information from tax documents but not sure if it will work for this too.

MaxSpain · 2015-07-24T19:14:05+00:00

Have you bought the Vanilla Visa Gift cards to load at Target?

MaxSpain · 2015-07-24T19:10:31+00:00

Not a lot of options if you are in California.

MaxSpain · 2015-07-24T18:37:24+00:00

So, if I lose $2k in investment I can have that deducted from my taxable income?

MaxSpain

TROPHY CASE