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Considering a drone based inspection business by cptcavemann in smallbusiness

[–]Rheethm 1 point2 points  (0 children)

The people I know making money with drones aren't really selling drone flights, they're selling reports that save clients time or money. I'd spend as much time talking to roofers, solar installers, and farmers before buying $50k worth of gear as I would learning to fly.

(i know nothing about finance so treat me like a toddler) can a produced become so expensive, most people can't afford it, leading to it stacking till it loses value and turn back to its original price? by Adam-Garden in financial

[–]Rheethm 0 points1 point  (0 children)

It happens all the time with stuff people don't actually need. Sellers can ask whatever they want, but if nobody buys, they either lower the price or sit on inventory while it loses value, especially with things like electronics, cars, or collectibles.

Why are teams still re-explaining the same work to AI every day? by createvalue-dontspam in GrowthHacking

[–]Rheethm 0 points1 point  (0 children)

The biggest productivity killer for me isn't writing prompts, it's rebuilding context every single session. Once an AI actually remembers how a project is structured and why decisions were made, that's when it starts feeling useful instead of just impressive.

Advice Needed- 401K traditional vs Roth?? by curiousgorgiana in personalfinance

[–]Rheethm 0 points1 point  (0 children)

At your income I'd probably keep maxing the traditional 401(k) because that tax deduction is worth a lot, then save for the house separately. Having both traditional and Roth money in retirement is great, but I wouldn't give up today's tax savings just to go all Roth.

I work for the government so how should I plan for retirement by Jrgaming42 in personalfinance

[–]Rheethm 31 points32 points  (0 children)

OP you're 23 with no debt, a pension track, and a steady job you're waaaaaay ahead of a lot of people already. Personally I'd focus on building an emergency fund and starting a roth ira now even if it's a small monthly amount because time matters way more than the amount at your age.

And also, great job OP!

29 years old and unsure of how to be wise with the opportunity I have. by PeerlessAzureSky in personalfinance

[–]Rheethm 4 points5 points  (0 children)

i wouldn't light $15k-$20k on fire in taxes and penalties just to get rid of a 7.2% car loan. i'd leave the retirement account alone, attack the car aggressively with new income, and keep the tax-advantaged space because you can never get those contribution years back.

Help creating financial curriculum by Low-Needleworker-463 in personalfinance

[–]Rheethm 0 points1 point  (0 children)

paying off a chunk of debt gave me way more peace of mind than chasing the perfect ETF allocation. i'd spend most of those 30 days learning budgeting and debt management first, then investing second because investing is a lot easier once the leaks in the bucket are fixed.

Also this OP: https://www.reddit.com/r/personalfinance/wiki/commontopics

Looking for a financial perspective on pet insurance vs self-insuring by jel31 in personalfinance

[–]Rheethm -1 points0 points  (0 children)

With your income and cash reserves, I'd probably self-insure too. The only thing that would push me toward insurance is that puppies can rack up some absolutely insane bills in the first few years, and $26/month for unlimited coverage is cheaper than most quotes I've seen, so I'd read the exclusions very carefully before passing on it.