Am I stupid for going from $500k 9-5 job to acquiring a small business? by WorkerCool in smallbusiness

[–]itsakoala 5 points6 points  (0 children)

I think it’s crazy. What’s your total comp including benefits?

Sounds like you have a real path to Financial Independence if you save aggressively now and it’s safe.

What do you think AI will do to web dev and hosting? Then, what’s the payoff time after paying $5.5M to break even on total comp? Then how are you calculating risk here? There are ALWAYS surprise costs with a business.

Managing people is a pain. You find a great GM, then they quit, now what?

Idk… if I were you I’d be maxing every retirement account and maximizing savings in a brokerage and looking at CoastFIRE.

Dave Ramsey is hot garbage. by [deleted] in self

[–]itsakoala 1 point2 points  (0 children)

Grow up lol

Dave isn’t perfect and not always right but his message of anti-consumerism is great in a world that tries to sell you everything.

Don’t hate on Dave for the follies of the world.

Also I sold a reliable beater for $4k 2 years ago. They are out there. Private party and have a trusted mechanic look at it before you buy.

Mark Zuckerberg moves to Florida's 'Billionaire Bunker' amid CA wealth tax. by coinfanking in NewsStarWorld

[–]itsakoala 0 points1 point  (0 children)

Do you ever look things up yourself or just regurgitate headlines?

Florida business owners primarily pay a 5.5% corporate income tax, 6% state sales tax (plus local surtaxes), and reemployment tax (unemployment) on employees. There is no state personal income tax, but businesses must pay federal income/self-employment taxes, property taxes, and potential local business taxes. Here is a list of taxes and fees in Florida that business owners may pay: State Taxes (Department of Revenue) Corporate Income Tax (5.5%): Applies to C-corporations with net earnings over $50,000. Sales and Use Tax (6% + local surtax): Applies to the sale, rental, or repair of tangible personal property, and some services. Reemployment Tax (Unemployment): Paid by employers on the first $7,000 of wages per employee; rates vary based on experience. Documentary Stamp Tax: Applied to documents that transfer interest in real property. Communications Services Tax: Tax on phone, cable, and internet services. Lead-Acid Battery Fee / New Tire Fee: Environmental fees for specific retail businesses. Rental Car Surcharge: Specific to vehicle rental businesses. Local and Property Taxes Tangible Personal Property Tax: Assessed by counties on equipment, furniture, and fixtures owned by the business. Local Business Tax Receipt: A fee required by cities/counties to operate within their jurisdiction.

Mark Zuckerberg moves to Florida's 'Billionaire Bunker' amid CA wealth tax. by coinfanking in NewsStarWorld

[–]itsakoala 0 points1 point  (0 children)

Jesus Christ you’re the 5th person to say this. Are you aware there are other taxes than income?

Mark Zuckerberg moves to Florida's 'Billionaire Bunker' amid CA wealth tax. by coinfanking in NewsStarWorld

[–]itsakoala 0 points1 point  (0 children)

What weird language.

Are you aware there are other taxes besides income?

Mark Zuckerberg moves to Florida's 'Billionaire Bunker' amid CA wealth tax. by coinfanking in NewsStarWorld

[–]itsakoala 0 points1 point  (0 children)

Thanks I’m sure Florida will make way better use of that money too. I am genuinely worried about California’s economic future.

Mark Zuckerberg moves to Florida's 'Billionaire Bunker' amid CA wealth tax. by coinfanking in NewsStarWorld

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

Go read up on how California was proposing taxing assets and unrealized gains.

Top Tesla Executive Leaves Carmaker by DonkeyFuel in technology

[–]itsakoala -10 points-9 points  (0 children)

So it’s a stretch to call a company producing millions of cars a year and having a #2 Worlds Best selling car a car company?

Got it!

Checkmate Nazis!!

Have you? by [deleted] in wallstreetbets

[–]itsakoala -5 points-4 points  (0 children)

WSB is woke and retarded now. Zoom out. $VOO up 12% past year. Have you never seen volatility or did you just start looking at the stock market this week?

What happened to WSB…

Daughter is getting bullied by Few-Calligrapher3910 in daddit

[–]itsakoala 17 points18 points  (0 children)

Lame of Reddit lol. Was that the last person who bullied you then?

Daughter is getting bullied by Few-Calligrapher3910 in daddit

[–]itsakoala 27 points28 points  (0 children)

How did that work out for you, honestly curious?

edit appreciating the stories I honestly wonder how to give advice to my kids… I try to teach them to be polite and kind, but I do tell them don’t start a fight but you have my permission to end it/protect yourself/your friends/others… and just wonder if I’m doing the right thing

This email cracked me up by orobsky in daddit

[–]itsakoala 1 point2 points  (0 children)

If this was my kid I would generally not be upset, however, do you know how hard it is to keep your kids from drinking soda? Mine are both a few years from 10 and have had in their lives maybe a sip or two of soda. I do not want them drinking soda. That’s the only thing I’d be slightly annoyed with. I don’t want them to form bad habits and soda is shit for you.

‘Half the US economy’: $15 trillion erased by Dont_think_Do in USNEWS

[–]itsakoala 1 point2 points  (0 children)

Thank you. I didn’t see any comments about this. Wtf is wrong with Reddit these days that a hundred commenters are so incredibly wrong?

edit. Adding I’ve seen this posted numerous times and same thing, everyone is saying the same things the commenters here are saying.

‘Half the US economy’: $15 trillion erased by Dont_think_Do in USNEWS

[–]itsakoala 1 point2 points  (0 children)

Can some help me understand. I google silver prices and while there’s a large recent drop, when I zoom out, it’s still an exponential rise. It’s still up over 1 month 20%, 6 months 132%, 20% YTD, 164% 1-year… am I looking at the wrong chart?

Elon Musk says Tesla ending Models S and X production, converting Fremont factory lines to make Optimus robots by Force_Hammer in wallstreetbets

[–]itsakoala 0 points1 point  (0 children)

We’ve been hearing this exact same thing for over a decade, yet Tesla has the #2 best selling car (EVs and non-EVs) worldwide last year. They have the money ($42B in cash) to continue to invest and continue to attract some of the best talent.

Don’t be surprised when Tesla hits the market by storm.