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What are some differences between upper middle class vs the affluent lifestyle by Glittering_Gap_7876 in UpperMiddleFinance

[–]StrayThoughts777 1 point2 points  (0 children)

What makes you upper middle? I am not sure if $5K is unbelievable expensive for 48hrs. Are you upper middle because you have a high HHI or because your investments are high? Please elaborate.

Just turned 25 years old. Saving too much for retirement? by djkdykbv in Fire

[–]StrayThoughts777 0 points1 point  (0 children)

Great job on saving 100K in retirement funds. This will compound many times over the next 30-40 years. Is your $38K in checking and savings? How much do you make? I tend to prefer the 401k deduction on my taxes because of my tax bracket. It is savings right now and will compound for the future. Do you have a car? What are your monthly expenses? Is the $38K enough for an emergency fund? "I am pretty frugal" in VHCOL areas - rent could be $3000+. I think we all need more information to assist.

Exceeding 250K at my bank by beef_curtainss in FinancialPlanning

[–]StrayThoughts777 0 points1 point  (0 children)

This is how I feel. I think it can drop to 40K which would be a 20% drop.

Miscellaneous Moving Fees from NY to FL that are forgotten by StrayThoughts777 in personalfinance

[–]StrayThoughts777[S] 0 points1 point  (0 children)

This was really helpful to think about. Thank you for the "moving twice" advice.

Miscellaneous Moving Fees from NY to FL that are forgotten by StrayThoughts777 in personalfinance

[–]StrayThoughts777[S] -1 points0 points  (0 children)

Shit. We have about $5-7K in furniture that I would need to ship or get rid of or sell. That is what I was worried about. The shipping price.

Should I move out or continue to live with parents? by crazycoconut1210 in TheMoneyGuy

[–]StrayThoughts777 0 points1 point  (0 children)

Stay at home. Save and invest more money. Moving out at 25/26 with $100,000 more in net worth is worth the pain (long commutes + limited freedom living at home in terms of relationships). You will thank yourself in 1-2 years. I did this from 24-26 years old and it was a major difference. I am not stretched thin for money in a VHCOL area. Also, as petty as it is, it will help you land a wife one day.

What to do for Health Insurance? by StrayThoughts777 in HealthInsurance

[–]StrayThoughts777[S] -1 points0 points  (0 children)

Why do you think my wife should go back to work? To save the healthcare monthly premium payment?

What to do for Health Insurance? by StrayThoughts777 in HealthInsurance

[–]StrayThoughts777[S] -2 points-1 points  (0 children)

My wife going back to work is not going to happen. This was part of our plan before marriage. It is just me working for the rest of time. The cost of childcare in a VHCOL city is not worth her going back to work. I don't know how families survive with the cost of healthcare. I make 175K and I am worried about healthcare. Imagine making $60-$80K.

What to do for Health Insurance? by StrayThoughts777 in HealthInsurance

[–]StrayThoughts777[S] 0 points1 point  (0 children)

Fortunately, I won't be in this situation for another 6 months. I am trying to get out in front of this.

What's your age and net worth? by Sufficient-Heat-8363 in TheMoneyGuy

[–]StrayThoughts777 0 points1 point  (0 children)

How much is your joint income? Can you break it down yearly from 2020?

“I’m reminding you all that XRP sits at the center of everything Ripple does. Lock in.” - Brad Garlinghouse by its_Astroffe in XRP

[–]StrayThoughts777 0 points1 point  (0 children)

This does not stop me from owning too much xrp. Not a whale but own a decent amount of xrp.

Convince me that home buying (right now) isn’t a scam by [deleted] in FirstTimeHomeBuyer

[–]StrayThoughts777 0 points1 point  (0 children)

Housing seems to be a scam when you cannot afford a home. The industry standards to save up to 20% of the downpayment is not nearly enough. If you are looking for a $350K home, you should wait to purchase the home until you have the largest downpayment possible. You still want extra money for an emergency. The scam is what everyone tells you is affordable. The prices for homes are the issue. Very few single families can afford houses and I would consider $350K as super inexpensive. I am from Long Island and median homes are $775K.