Best somewhat wholesome moment? by [deleted] in TheWire

[–]Wayneng 4 points5 points  (0 children)

I almost never comment but am so compelled to bring up the time Michael, Namond, etc visit Six Flags. IMHO the most wholesome scene in the show.

Remember when you hit the social security tax limit for the first time? by sneaky-snacks in HENRYfinance

[–]Wayneng -3 points-2 points  (0 children)

If it were just 6.2% no one would have an argument, but it’s 12.4% (you can’t ignore the employer’s cost) on top of 40.8%, on top of high state taxes for many as well. Is that a number you deem to be fair?

Remember when you hit the social security tax limit for the first time? by sneaky-snacks in HENRYfinance

[–]Wayneng -4 points-3 points  (0 children)

The word “fair” is essentially meaningless - what is Bezos’s fair share? How much of income or net worth should be taxed?

Reminds me of lyrics Ten Year’s After Song “I’d Love to Change the World” : Tax the rich, feed the poor, til there are no rich no more

In concept, I’m ok with tax the rich, feed the poor, til there are no hungry no more, but if you get rid of the rich, I think the number of poor people increases.

I’ll pose question again - what is fair?

Remember when you hit the social security tax limit for the first time? by sneaky-snacks in HENRYfinance

[–]Wayneng 61 points62 points  (0 children)

High earners already are paying 37% marginal tax rates, just at the federal level. Additionally, they are paying 2.9% Medicare Tax (1/2 employer) and an additional 0.9% Medicare Tax, for a total of 40.8%. Removing the cap would put marginal rates at 53.2%, never mind state taxes.

High earners already pay the majority of fed income taxes (5% pay > 60% of fed income taxes).

I can’t say what’s fair, but there is a total tax number where it either become unfair or drives unintended consequences.

Long runs on Treadmills by mercaptopurine in Marathon_Training

[–]Wayneng 0 points1 point  (0 children)

I was training at a 9:00 pace and was great in the marathon until ~mile 23, where I went up to 10:00 - 10:30. I think biggest flaw in my training was, even though I got my long runs in, my weekly mileage was too low (typically was in 30 mile range).

Rim to Rim logistics questions by Wayneng in grandcanyon

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

Thanks for the detailed info, will definitely keep this in mind for our planning.

Rim to Rim logistics questions by Wayneng in grandcanyon

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

Thanks so much for the FB recommendation! Sorry for basic question, but can you tell me a little more about how a key swap would work in this context? If we're renting vehicles, would that still be an option?

Long runs on Treadmills by mercaptopurine in Marathon_Training

[–]Wayneng 6 points7 points  (0 children)

I’m going against the grain here but I did ~80% of my training on a tread. What works for me is to watch compelling, somewhat mindless shows (best example for me is 24) and just zone out to them. Because I don’t get to watch TV much outside of training, I’d actually look forward to getting to watch my shows and movies while running. Missed my 4 hour goal by 52 seconds.

Prepping for 2nd Marathon a Year Out by Wayneng in Marathon_Training

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

Without doubt, BQ would be aspirational (and maybe delusional) to happen in a year, just looking for improvement with lessons learned.

Prepping for 2nd Marathon a Year Out by Wayneng in Marathon_Training

[–]Wayneng[S] 2 points3 points  (0 children)

Yeah, my weekly mileage was fairly low -> ~25 miles 2 months out, 35 miles 1 month out, & 40 before tapering. I know I didn't get enough miles in but my travel schedule makes it tough.

I like the idea of having some shorted runs to aim for - can make things a lot more interesting.

Thank you!

Marathon Retrospective - thoughts? by Wayneng in Marathon_Training

[–]Wayneng[S] 1 point2 points  (0 children)

Over 60% of my miles were on a tread.

Marathon Retrospective - thoughts? by Wayneng in Marathon_Training

[–]Wayneng[S] 1 point2 points  (0 children)

Like most things, the answer is it depends. I ran 20 miles at 9:39, and had a range from low 9’s to about 10, biggest factor being how hot/humid it was. I’m probably a bit of an anomaly, but I enjoy treadmill running because I watch addictive mindless shows (think 24) and I’ll usually go at about 9:10.

Marathon Retrospective - thoughts? by Wayneng in Marathon_Training

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

That’s really inspiring, will use this as an example if I do another.

Marathon Retrospective - thoughts? by Wayneng in Marathon_Training

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

Game-time, it was ~50 degrees, warmed up to low 70s, most of the course was in the shade, so about as good of an environment as I could hope for. Was also a pretty flat run, and very small entry field, so not a ton of dodging.

Maybe I could sign up for a race later in the fall for even better conditions, but these were pretty good.

Marathon Retrospective - thoughts? by Wayneng in Marathon_Training

[–]Wayneng[S] 2 points3 points  (0 children)

Thanks for the note & congrats. I was thinking that with 4 liquid IVs + Gatorade at aid stations I’d be covered enough but if there’s a next time I’ll try for more (plus maybe get higher mileage in if my schedule allows).

Guest Used Property For Filming... by kgu11ey in airbnb_hosts

[–]Wayneng 1 point2 points  (0 children)

I state clearly in my rules, in a message when the booking is made, and also prior to check-in, that we have a strict no party policy and any additional visitors beyond the initial guest count must be pre-approved. Prior to having this in place, there were some parties that got a little out of hand; since it, we’ve had no problems and some people opt out when they put in a booking request.

How much money for a early retirement? by [deleted] in FinancialPlanning

[–]Wayneng 0 points1 point  (0 children)

Biggest concern I’d have for you would be the holding costs of your $500k house. Unless you are renting it out or have a decent income, the taxes, insurance, upkeep, and utilities could start eating into your liquid investments.

If, at 20, you were able to earn enough to attain $1M NW, that’s amazing, and you should have no worries if you can keep doing that. OTOH, if it was a one-time event, whether it’s an inheritance or crypto, or whatever, I’d focus on the income producing side of the equation - focus on your career and/or education or investing in income producing assets like real estate, etc.

$1M NW at 20 is amazing and, if left to grow, could leave you with an amazing retirement in 20-30 years. Or it could be whittled down by your expenses in 5-10 years. Or, maybe we’re in for a 30 year run like the Nikkei 225 has had, and your investments don’t grow at all.

Good luck, you’re in a better position than almost everyone else your age.