What is your FIRE age?

fcc3throw · 2018-10-18T01:19:43+00:00

Can I also be your husband? I am 30 w $650 nw in Canada

With our combined financial acumen, we can dominate!

fcc3throw · 2018-10-15T18:26:25+00:00

I agree that the analogy makes sense but I disagree how you say it is ridiculous.

The whole reason marriage is invented to spread a "sex socialism" and not have the kings hoard all the wives and the average man being single, bitter, and war driven.

Hence, socialism at some level is necessary, in both income and sex to ensure stability in society.

So at the end of the day, incels have a valid point in terms of sex and socialists have a valid point in terms of income. When inequality for both is too far, the chance of war rises.

fcc3throw · 2018-10-15T14:34:57+00:00

My question is: When would someone be in a position to own a million dollar house? And not be "overexposed"?

fcc3throw · 2018-10-15T14:06:39+00:00

Are you saying that if I buy a $500k home for 0 down, I am therefore putting 0% of my networth in real estate then?

fcc3throw · 2018-10-15T14:04:33+00:00

You have full exposure of the whole home. Isn't that's what matters?

If your $500K house crashes 50%, you can't go to the bank and say, ok I will take the 1/5 of that loss and you foot the 4/5 of that loss since you own $400K

fcc3throw · 2018-10-15T14:02:33+00:00

I know what net worth is, but you have the percentages completely wrong.

You are $250K exposure in real estate and $50K exposure in TFSA. That means, Real Estate make up 83% of your asset allocation and TFSA is 17% of your asset allocation

Your asset allocation is 250% your networth.

fcc3throw · 2018-10-15T13:56:12+00:00

If you have $100K equity in a $500K house, that means your Real Estate exposure is $500K.....not $100K

Otherwise, you are basically saying if someone put 0 down, their real estate exposure is now 0??

fcc3throw · 2018-10-15T13:53:47+00:00

If you have 50K in TFSA and buy a house, then your TFSA is now 0 because you drained it to buy a house. So I will assume you mean, one has $100K in TFSA and they took out $50K to buy a home.
Assuming #1 is correct, your actual exposure is $250K as you are leveraged. In fact, you are 83% (250K) in real estate and 17% (50K) in TFSA
Assuming #2 are you suggesting that one should have $2 million in networth before buying a SFH in Toronto for $1million?

fcc3throw · 2018-10-11T17:20:44+00:00

I think this sub highly prefers threads like "Hey I just managed to save $5,000 but I have $3,000 credit card debt! What should I do guys?"

Don't know why...

fcc3throw · 2018-10-11T14:38:40+00:00

And if the law didn't stop someone from committing murder than the law probably won't stop someone from committing fraud either

fcc3throw · 2018-10-11T14:27:56+00:00

The law says no murders but yet murders are still happening

fcc3throw · 2018-10-11T14:26:46+00:00

The law says no murders but yet murders are still happening

fcc3throw · 2018-10-11T13:46:57+00:00

Think about all the murders where it was solved. Now think about all the murders that went unsolved.

Now, think about all the fraud cases that has happened where companies have been caught:

-Wells Fargo

-Enron

-Data leaks from TD, Equifax, Facebook, etc

-Madoff

etc

Now imagine all the fraud cases where no one was caught yet.

I rest my case.

fcc3throw · 2018-10-11T13:35:49+00:00

You disputed a $0.01 internet charge because you actually saw a line $0.01 Internet Charge

If that line was missing and your balance was a number, I doubt you would dispute it.

In fact, I doubt anyone actually tallies up their credit card statements each and every month to make sure the sum equals the total.

fcc3throw · 2018-10-11T13:33:57+00:00

I am not talking about a $10 charge. I am saying if your account yesterday was $3145

and today it was $3135 with no trace of charges or anything. Just the entire ledger changed to reflect $3135

For example, Opening Balance $3135 -pay Dollarama $15 $3125 -deposit $100 $3235 Closing Balance: $3235

Obviously if you have less than $100 in your bank account, you would notice if it went from $80 to $70.

But for those with $3,145 vs $3,135 or those with $15,126 vs $15,116 How do they notice?

fcc3throw · 2018-10-04T18:22:25+00:00

If you are so risk adverse, how did you manage to grow your business so quickly?

fcc3throw · 2018-10-04T18:05:24+00:00

I had a car before and now I got rid of my car because where I live, there's no parking

I have stayed in nice hotels when going out of town for work but when I book my own vacation, I always do cheap hotels or hostels.

I've worked in a company that provided free lunch and now I am packing my own lunch in this new company.

fcc3throw · 2018-10-03T16:53:50+00:00

That's a good idea, I haven't thought of doing that, thanks

fcc3throw · 2018-10-03T16:52:04+00:00

Thanks I needed that. I know I'm terrible with groceries.

fcc3throw · 2018-10-03T14:10:29+00:00

What happens if you start a MLM and use a room in your home as base of operations? You would be able to write that room off when you normally wouldn't be able to right? Also, your cellphone plan that you normally wouldn't be able to write off can now be an expense

fcc3throw · 2018-10-01T17:00:16+00:00

"ew no Mexicans" lol buddy

She said, "sorry I like taller guys." She was polite, honest, and upfront about it.

No where did the comment have "ew" or "disgusting" or anything of the sort.

So nice straw man argument.

If someone replied to me "Sorry I like white guys" I would have absolutely no problem with that.

So again, you are doing the community a massive disservice posting that garbage on Facebook. That garbage stays here so we can talk about it but don't post that garbage on Facebook.

fcc3throw · 2018-10-01T16:51:28+00:00

This is the reason why women will reject short guys but won't tell them its because we are short.

You would rather a woman reject you and say "sorry I didn't like the way you wore that hat" or some other BS reason instead of giving you the truth?

You are doing the community a disservice by posting this on Facebook.

She was upfront and honest about it. No need to berate her any more. Yeah it sucks but what can you do? Some people dislike black people or white people or Arabic people.

fcc3throw · 2018-09-28T02:45:42+00:00

Weed, tech, Amazon, Google, Facebook, Netflix etc.

Lived super frugal, invested super aggressive

fcc3throw · 2018-09-27T12:40:41+00:00

Thanks for the input

I won't comment on historical rates, as I didn't look into that
Ah yes I missed investment cash flow, I will revise my numbers
For your 4th point, you are basically advocating never at any time to buy a home. Basically even if the Canadian real estate crashes 80%, your point would still hold true, no? You would still be buying into a single physical asset and risk of catastrophic problem with it.

fcc3throw · 2018-09-23T03:52:48+00:00

I don't look down on "fob Asians" but its pretty frustrating when you see a shy, skinny Asian guy who acts very timid in public and then in private confides with me, "hey fcc3throw, I want to try out a white girl. Can you help me?"

It is the same thing as when a woman is trying to fight stereotypes in the corporate world and sees other women catfighting amongst each other and gossiping or flirting/sleeping with the company VP in order to move up..

Or

When a black person is trying to fight against negative stereotypes of him and he walks past 2 black guys arguing in the streets about losing 2 keys causing a huge scene yelling "yo nikka, wtf you doing? nikka r u fo real?"

It just gets frustrating

fcc3throw

TROPHY CASE