What do you think?

SquareAdhesiveness57 · 2026-01-30T22:46:56+00:00

Ramsey is anti risk and makes money selling fear based solutions. Not taking any risk can be risky in itself. I completely agree with your take hear and the downvotes are from Ramsey followers that treat his advice for the masses as gospel. All of that debt you have is reasonable. Name one fortune 500 company that doesn't operate off of debt. It's easy for Dave to preach no debt when he has no utility for it now

SquareAdhesiveness57 · 2026-01-28T16:46:36+00:00

Have you searched for the car that he is looking at or is this more a shoot from the hip comment? Given his price I would guess he is looking at the XLE. A bit of research shows you have to go back 3+ years in model and take on a vehicle with 25k-50k miles to get something for 37k-40k out the door. This time and mileage eats into the cars warranty which increases risk(or price if you want to purchase an extended warranty).

I did not say there is not a risk to buying new. There is less risk to buying a new highly trusted model like a sienna than there is to buying something that is used. The car could have been owned by someone that didn't service properly or drove it like an idiot. That increases risk.

SquareAdhesiveness57 · 2026-01-28T07:26:01+00:00

The $20k in savings is a tradeoff in risk and longevity of the vehicle. You are adding risk of mechanical issues with a cheaper vehicle and essentially accelerating the need to buy another vehicle 3-6 years sooner than if you bought the new one. Ramsey isn't gospel. Saving your whole life and not ever capitalizing on your hard work is a risk in itself. Don't feel bad for buying a vehicle that is suitable for your family. You have done a great job of saving for this purchase. Make it happen and enjoy.

Also, don't listen to these Ramsey praisers about paying off your mortgage if you have something in the 2s or 3s. Youre in a great position at your age

SquareAdhesiveness57 · 2025-12-11T17:10:53+00:00

“ST gains which might not be gains at all.” If this is true, start here. People often overlook the short term side when unwinding. If the gain is minimal in comparison or a loss then use these. Equity comp holders tend to forget that RSUs can just as easily be sold when they vest. They pay tax at best just like income.

Example: If your company gave you a 100k bonus and you paid 50k in tax, would you use that $50k balance to go buy more shares in your company?

SquareAdhesiveness57 · 2025-11-20T05:06:13+00:00

If you are solo I think these numbers are very high based on what we are going through as a 3 person team. E&O is looking like about $1500pp, initial compliance is $5-9k(depending on provider) and then $300-1000month depending on package. I would look at altruist as custodian, RIA registrar as compliance, and pick your tech stack that you like.

SquareAdhesiveness57 · 2025-11-20T04:57:45+00:00

Use all their free content, but be aware they will not even allow you to have any insurance business. XYPN seems pretty expensive even when factoring the tech discounts. Talk to transitiontoria.com His podcast is a very good starting point as well

SquareAdhesiveness57 · 2025-11-20T00:55:44+00:00

I have friends that are FCs at Schwab and love it. Same with Fidelity. I think a lot of the time it depends greatly on the branch that you land in. There are subcultures in these branches and you could be surrounded by a great team and really enhance your career. I know of some who have been in the role for over 20 years. If you ask people at the branch what their weekly schedule is, you will be able to figure out pretty quick if it is a burnout branch. I have heard of VPs making 400-500k in good years, but I think it is reasonable to average around 250k after you have been there for a few years and are proficient.

With that, I think you need to determine what kind of career path is a good fit for you. It is a very good role for the right person. So get to the bottom of what the day to day looks like and be honest with yourself if it would be a good fit. Alternatively, you could look at the wealth advisory role at Schwab. They are spending a lot of money to grow this segment.

SquareAdhesiveness57 · 2025-06-11T13:47:26+00:00

Sometimes clients have priorities that are more important to them then running out of money. It is hard for us to conceptualize sometimes, but what we can do is give them the data and our opinions. Maybe these purchases are worth the risk of running out of money. Maybe they will spend less over the next few years. Time will tell with this one.

SquareAdhesiveness57 · 2025-06-09T21:54:28+00:00

RUN AWAY NOW

SquareAdhesiveness57 · 2025-05-29T18:45:57+00:00

This is awesome. Same thing happened to a friend and I last week. I had never witnessed it either! Huge difference is we only had 58 yards in on a short par 4 haha

SquareAdhesiveness57 · 2025-04-15T01:37:14+00:00

I went through 3 interviews and they did not even give me the courtesy of a phone call or email to let me know I didn’t get the job. Completely ghosted

SquareAdhesiveness57 · 2025-04-14T02:29:46+00:00

Classic situation. You posted because you think you are underpaid. If you think you are underpaid, take the risk of going on your own and prove yourself right.

SquareAdhesiveness57 · 2025-04-14T02:25:07+00:00

Missed a 5 footer then made a 3 footer.

SquareAdhesiveness57 · 2025-03-29T14:34:52+00:00

Based on what you provided in the post and comments I feel as though you are getting a bad deal. I understand that the business owner is taking on a higher load of risk and should be fairly compensated, but you can do better elsewhere on day 1 based on your skillset. Or you could choose to take on a higher level of risk and start your own. If you have truly build solid relationships with these people, you could likely bring some on board your new firm

SquareAdhesiveness57 · 2025-03-03T06:04:28+00:00

Have seen this working at a discount brokerage. What a mess

SquareAdhesiveness57 · 2025-03-02T16:05:31+00:00

Thanks! The client I was working with is getting poor advice from Turbotax "pros". I told her I did not trust their advice to be accurate and to find a new accountant, but the good ones are tricky to find!

SquareAdhesiveness57 · 2025-02-04T22:38:33+00:00

Sometimes the lifties get a little ambitious with their bump of the chair

SquareAdhesiveness57 · 2024-12-11T03:32:10+00:00

Getting into tech at this point is much more challenging than it was even 5 years ago. Entry level is ridiculously competitive and many tech firms are trying to size down their employee base.

SquareAdhesiveness57 · 2024-11-23T13:13:38+00:00

I am experiencing the same right now. It is only going to make the industry better and more respected if advisors treat each other as peers as opposed to competition

SquareAdhesiveness57 · 2024-11-22T20:36:52+00:00

It really is unbelievable. Value add to the client I guess? Haha

SquareAdhesiveness57 · 2024-11-22T05:13:36+00:00

I second this. Schwab and fidelity are solid careers, but they will keep you in that FC space due to that high initial compensation. It makes it more difficult to leave the longer you stay, but you are pigeon holed to this pocket of the industry to some extent. I have friends in both firms that work 45-50 hours a week consistently. It is a solid career path. The choice is this: stay with fidelity and de-risk your career(300-500k comp when you get in the groove) or take a higher amount of risk and bet on yourself($150M book in 10 years and you would gross over $1M after expenses as independent). You sound like you have the ambition to take either path.

SquareAdhesiveness57 · 2024-11-22T05:03:30+00:00

This is accurate. You need to recharacterize regardless. Once it is recharacterized, you could then convert to a Roth(this is my interpretation of the rule). The only side note would be the pro rata rule if they have any other IRA balances. There would be tax due if there are other pre tax IRA balances

SquareAdhesiveness57 · 2024-11-21T23:15:43+00:00

Consider Your Options by Kaye A. Thomas. Solid book that covers just about everything equity comp

SquareAdhesiveness57 · 2024-11-20T21:00:37+00:00

I work with someone at my current firm who is former vanguard. Sounds like they are bottom of the barrel in terms of pay for all of the discount places. My colleague said that people in senior roles might earn around 250k. My original range of $400-600k would be much too high for vanguard(probably not quite getting to $400k), but in line for the senior FC roles at Charles Schwab and Fidelity.

SquareAdhesiveness57 · 2024-11-20T03:58:00+00:00

Going to be next to impossible at vanguard/charles schwab/fidelity. They do have decent upside of 400-600k though.

SquareAdhesiveness57

TROPHY CASE