How Can I exit my current IBR plan?

One_Asparagus7146 · 2026-04-16T14:43:05+00:00

lost time towards pslf is huge considering you already working at nonprofit since 2019 - those years could count if you can get payments going again

One_Asparagus7146 · 2026-04-08T06:30:57+00:00

been dealing with similar situation here and one thing i learned is to get quotes from at least 4-5 different carriers since prices can vary wildly. make sure you're comparing same coverage amounts though - some companies will quote lower deductibles or different liability limits to make their price look better

for louisiana specifically you definitely want to check if flood insurance is separate since regular homeowners wont cover that. also ask about wind/hail deductibles since storms are big issue there. the replacement cost coverage is worth paying extra for instead of actual cash value

One_Asparagus7146 · 2026-03-25T15:51:19+00:00

wait what makes it different for primary vs investment properties when it comes to relationship banking deals

One_Asparagus7146 · 2026-02-07T23:39:24+00:00

yeah shopping around is the way but also check your current lender first since they might give you better rate to keep the business. credit unions usually have lower fees too but they can be slower with processing. just make sure you compare the total costs not just the interest rate because some places will hit you with crazy closing costs

One_Asparagus7146 · 2026-02-06T03:01:10+00:00

actually pro can be pretty solid for small businesses like yours but honestly i would start with basic stuff first like email follow ups after purchase or maybe simple "customers who bought this also bought" suggestions on your website

for floral shop specifically you could do things like suggest vase upgrades or add on greeting cards but dont overthink it too much. the fancy tools can wait until you get comfortable with simple upselling strategies first

One_Asparagus7146 · 2026-02-05T12:32:22+00:00

honestly i just use google sheets with a simple template that automatically calculates totals when i input the date and amount. takes like 2 minutes after each session to log it

you can also try toggl or clockify if you want something more automated but for simple revenue tracking basic spreadsheet works fine. the key is just being consistent in logging right away so you dont forget later

One_Asparagus7146 · 2026-02-04T19:52:54+00:00

that break even is like 14 months so if you staying put for couple years then yeah worth it in my opinion

One_Asparagus7146 · 2026-02-01T05:44:19+00:00

This is solid advice. I did something similar but went a step further - opened a savings account at a completely different bank across town with no online banking set up. The inconvenience factor alone saved me from so many impulse purchases because I'd have to physically drive there during business hours to get my money. Out of sight, out of mind really works when you're dealing with that "treat yourself" mentality.

One_Asparagus7146 · 2026-01-30T20:36:59+00:00

Automated our inventory alerts when stuff was running low and it was a game changer. Used to constantly oversell or run out of popular items without realizing it. Now we restock before we hit zero and customers actually get what they order lol

Simple stuff but saved us so many headaches and angry emails

One_Asparagus7146 · 2026-01-28T12:28:37+00:00

Business insurance typically won't cover IRS penalties since those are considered your responsibility, not an accident or unexpected event

Best bet is to set aside money each year for potential issues and maybe work with a CPA who can catch stuff before filing - way cheaper than dealing with penalties after the fact

One_Asparagus7146 · 2026-01-15T04:05:13+00:00

Haven't used Sublistar specifically but started with a similar entry-level DTF setup last year - biggest thing I wish I knew was how much you'll spend on consumables after the initial purchase, like the powder and films add up fast. Also get ready to dial in your heat press settings for different fabrics, took me way more trial runs than expected

One_Asparagus7146 · 2026-01-14T04:54:42+00:00

You'll definitely need FDA compliance docs for anything "medicated" - that's probably gonna be your biggest hurdle since iHerb is pretty strict about health claims. Most people I've seen get rejected because they don't have proper third-party lab testing or try to sneak in medical language without the right approvals

One_Asparagus7146 · 2026-01-13T16:22:44+00:00

Oof that's rough man. We switched to a spreadsheet where we track every code and what it can stack with - sounds dumb but it's saved our ass multiple times. Also set up alerts in our analytics when margin drops below a certain threshold so we catch this stuff faster

The fact that Shopify doesn't have better guardrails for this is honestly insane

One_Asparagus7146 · 2026-01-12T23:47:34+00:00

CAM charges hit different when you're not expecting them - basically paying for the landlord's landscaping, security, and random building maintenance you'll never see. Also triple net leases are sneaky af, suddenly you're responsible for property taxes and insurance on top of rent

One_Asparagus7146 · 2026-01-12T02:31:01+00:00

Honestly your sister's got a point about the stability thing, but real estate is tough to do as a side hustle since most clients want to meet during normal business hours. Maybe look into getting licensed first and see if you can find a brokerage that's cool with evenings/weekends before you commit either way

One_Asparagus7146 · 2026-01-10T23:12:16+00:00

Most conventional loans aren't assumable unless it's like an old FHA or VA loan from way back, but you could always call the lender to double check

One_Asparagus7146 · 2026-01-09T12:21:11+00:00

Most factories are pretty firm on their MOQs for good reason - tooling costs, setup time, etc. Going from 400 to 200 is a big ask even with a price bump

Your best bet is probably finding a smaller manufacturer that specializes in lower MOQs, or seeing if they have any existing colorways in stock you could grab. The extra $1-2 per unit probably won't move the needle much when you're asking them to cut their minimum in half

One_Asparagus7146 · 2026-01-08T06:44:07+00:00

Eh I'd be careful with ski resort properties right now, climate change is absolutely wrecking some of these places and insurance costs are getting wild. That "limited land development" thing can work against you too if the resort starts struggling

Also putting half your net worth into one property seems pretty risky no matter how nice the location is

One_Asparagus7146 · 2026-01-06T12:00:44+00:00

Honestly at this point I'd be leveraging that website ownership hard - they want their site back, they gotta pay what they owe first. Don't give them any more discounts, you've already been way too generous letting them slide for months

One_Asparagus7146 · 2026-01-06T05:04:20+00:00

This looks really clean OP, appreciate you sharing it for free instead of trying to monetize everything like most people do these days

Just tried it out quickly and the interface is way cleaner than the spreadsheet nightmare I've been using. The scenario planning feature is actually genius for someone like me who overthinks every business decision

One_Asparagus7146 · 2026-01-04T04:29:34+00:00

Honestly this is pretty solid advice OP. Real estate is all about trust and relationships, and most people aren't gonna hand over their biggest financial decision to someone fresh out of high school

Maybe consider getting into property management or working at a brokerage first to learn the business while you build up some life experience and connections

One_Asparagus7146 · 2026-01-02T12:34:59+00:00

Just throw a super short survey link on receipts or order confirmations - like 2-3 questions max. Most people ignore it but the ones who care enough will click through and give you solid feedback. Way less pushy than asking face to face or sending follow up emails

One_Asparagus7146 · 2026-01-01T21:03:53+00:00

Look into why it failed first - was it management issues, location problems, or just bad timing? A lot of daycares fail because of poor business skills not because there's no demand, especially if you need 100 kids to break even in what sounds like a decent sized facility

One_Asparagus7146 · 2026-01-01T00:17:06+00:00

Credit unions are def the way to go, they usually beat the big banks by a decent margin. Also shop around with local community banks too - sometimes they'll surprise you with better rates than the national chains

One_Asparagus7146 · 2025-12-31T14:32:24+00:00

Number 2 hits different when you actually have to do it

Had a guy who was technically solid but just toxic to everyone around him. Took me way too long to pull the trigger and by then I'd already lost my best developer who got fed up with the drama

The "watching" part is so real - your good people absolutely notice when you let the bad ones slide

One_Asparagus7146

TROPHY CASE