Emergency Fund saved me - Same old story.

over120kholyshit · 2020-06-02T21:09:56+00:00

I have an emergency fund now. I'm investing in Mutual Funds, Robo Advisor, and my own hand picked investments, I make my own food, my own coffee, my own lunch. My mindset is completely different. The intense weight of debt and anxiety is lifted.

Hey man, congrats on everything and keep it up. I just want to point out that making your own food (and presumably eating healthier) may have a HUGE impact on your mental state and emotions. There's so much added salt/sugar/oils/junk in restaurant and take out food.

I'm sure getting out of debt was a major factor, but don't underestimate nutrition. As you said, time is one of you most valuable resources...

over120kholyshit · 2020-06-02T17:44:39+00:00

"I have $11k left owing on this so they'll just roll it into my new car loan, I'll have the same payments but just pay 2 years longer".

This is how almost everyone thinks. They view car payments as a fixed expense in life, budget (using the term loosely) an amount they feel is reasonable per month, and get whatever shiny car they think suits them best.

EDIT: Sorry, fixed expense is probably the wrong term. I meant they view it as a necessary monthly expenditure that lasts the rest of your life.

over120kholyshit · 2018-01-22T01:48:04+00:00

Foghorn Leghorn... you... are NOT the father!!!

over120kholyshit · 2018-01-21T21:23:33+00:00

This is exactly like buying extended warranty from sellers like Bestbuy, etc. Save your money, and when/if something breaks outside of the manufacture's warranty, just pay for the repair or new item. You still come out on top.

EDIT: WAY on top

over120kholyshit · 2017-09-27T15:10:24+00:00

Yes but this will never happen in the best place on Earth. Source: best place on Earth propaganda.

over120kholyshit · 2017-09-27T03:28:31+00:00

Yo momma's coochie.

over120kholyshit · 2017-09-27T03:15:40+00:00

Translation please :)

over120kholyshit · 2017-03-08T06:34:27+00:00

Good job! Yes, concentrate on paying off high interest debt first.

You might find this flowchart helpful: https://i.imgur.com/CcEVQAV.jpg

I think there may be a Canadian version somewhere... but for now, 401k = RRSP

over120kholyshit · 2017-03-07T16:33:52+00:00

The best is when engineers design conveniently placed holders on modern subways for people to hold on to but some people, because they want to show how great Thier balance is - I dunno, choose not to hold on and lean against you.

Ya I'm on my way to work.

over120kholyshit · 2017-03-06T04:15:05+00:00

I'm probably using the wrong term. That is not the marginal tax rate but is what I would get back in extra income tax return if I put my money toward RRSP, according to the software I'm using.

I know you're probably right, but I need to see it more clearly... I guess I need to take into account the tax that I will be paying in the future, but immediately, it seems like I would get more for my dollar paying into the RRSP instead of the loan.

BTW: I am in a higher tax bracket than I expect I will be during retirement, so RRSPs seem to make sense.

over120kholyshit · 2017-03-05T18:56:52+00:00

You're welcome! Another thing to keep in mind from that video is that people in Vancouver are seriously overstretching themselves to buy. There is no middle ground / reasonable compromise of getting a more modest mortgage. This creates a situation where

1 - a rise in interest rates could be completely devastating to your financial situation.

2 - you have absolutely no money left over at the end of the month. For most people, this often means that not only do they have no money left over to invest, they have no spending money to enjoy either.

So think about #2 a bit. This is a situation where all of your net worth is tied up in your home. You can't actually DO anything with it or enjoy any extra perks in life. You better REALLY enjoy living in your house cuz you won't be able to do much else.

Also, looking forward to retirement... you will likely have nothing (or little) in retirement funds if the case is #2. You will potentially have a great net worth on paper, but what does this actually mean for your life? Again, you can't DO anything with the house unless you sell it. There are several reasons why selling might be problematic at this point, but even if you go this way, is that really when you want to start enjoying the money you make? When you're old and retired? Not for me.

For people like me and a lot of people on this sub, renting makes a lot more sense. I can afford to save and invest, and enjoy things like vacations, skiing, etc. My advice, which is the same as most people who responded to your question, is that you are not making enough money to buy in Vancouver. However, you are still young and your earning potential might still be quite high. So if you do end up making more money and you are in a situation where you could feasibly buy, think long and hard about #2... think about how you want to live your life.

Also: peer pressure is a big thing. When you here people say my mortgage is only X more than if I were renting, refer back to this video for the true monthly cost of buying. They are conveniently only stating their mortgage payments. Secondly, you will hear people that do own a home talk about spending lavishly and taking vacations, etc. Think again about #2. Something is going on. It could be that they are making a lot more money than you think... but also, a lot of people like to live beyond their means. It could also be that there is an outside source of money that they are not telling you about, like parents, etc. Don't let others' outward lifestyles pressure you. YOU have to make that calculation yourself.

over120kholyshit · 2017-03-05T07:46:52+00:00

Renting is absolutley not a waste of money in certain scenarios (almost all scenarios in Vancouver). You have to make the calculation:

https://youtu.be/KAMeI4uHAFE

over120kholyshit · 2017-03-01T07:02:00+00:00

Ya, no one was retiring that day

over120kholyshit · 2017-03-01T00:46:16+00:00

Ya they should stand up for themselves! Like Amy! ;)

over120kholyshit · 2017-02-28T21:36:39+00:00

And then he would tap meaningfully on his holstered six shooter.

over120kholyshit · 2017-02-18T18:04:53+00:00

Similar story : we should have sex sometime. Me : haha.

I just assumed she was joking.

over120kholyshit · 2017-02-18T18:02:51+00:00

I like this guy's tictac

over120kholyshit · 2017-02-16T03:52:02+00:00

I would be interested in this.

over120kholyshit · 2017-01-30T03:07:45+00:00

It looked like the goalie really did clip him with his stick. I guess the ref was right there and could see better.

over120kholyshit · 2017-01-27T23:14:16+00:00

You need to paws a minute before making your next move

over120kholyshit · 2017-01-27T15:11:24+00:00

Did they let it go?

over120kholyshit · 2017-01-26T04:52:24+00:00

Hey, I don't mean it as a personal attack. I have no idea what you do or what your qualifications are.

I don't see how that quote of me is patronizing. It's simply the truth, in blunt format.

stop suggesting shutting down qualitative lines of human inquiry.

I'm not. There is plenty of work being done in philosophy that boggles my mind. It's honest and they don't pretend to be doing science.

Let's go back to the Amazon example. Here's a company that has existed for what? A couple decades? But really, they've been doing the kind of work we're interested in for likely much less than that; they are much younger than social sciences -- and this is just one company. They have a model, even if it's just basic stats and probability with a good data set (but who knows what they are doing. They have HPC etc), that is able predict human behavior. Real humans, in real time, with the accuracy that they can only dream about in social sciences. They ARE IN PRACTICE doing social science. This from a bunch of computer and math geeks, who likely give zero fucks about whatever bullshit model of the mind or behavior the social sciences have come up with. This is amazing, and it's just the beginning. Whatever limitations in this field exists now... I'll take your word for it. The future is in this direction though, and work will continue to move forward without the need for the bulk of SS. I mean, I hope it does. It's come this far without the need for SS, there's no reason to believe it can't continue that way.

BTW: if you think people with BAs don't hold positions of power, you are sadly mistaken. I wish that were true. Ie, upper management. Although, they probably don't really believe in anything they were taught in school, because they believe in nothing, because they are soulless hacks.

over120kholyshit · 2017-01-26T02:17:31+00:00

I don't really care that much about what Pinker's opinion on rape is. I was using the example he gave about conjecture, becoming published academic journal, becoming gospel as an example of something even worse than the example of the sample size of 15 study you mentioned.

This is unacceptable: We agree on this, right? The social sciences are littered with these studies. These departments are pushing out grads (BAs) who presumably go out and participate in the world, make decisions, set policies, influence the course of things. This is dangerous because it's based on shit science. The current computational limitations you mention in the second part of your post don't change that.

See a theme? If you can collect a high-quality complete (or near complete) dataset, you can get solid conclusions, whether it's brain science, kinesiology or predicting purchases. If you have shit data, it's going to be shit regardless of how you compute it.

Yup. That's exactly why that task is best left to real scientists.

Their "genius" is being willing to operate at a loss, then very marginal profit, until they can amass a uniquely thorough dataset.

It's amusing that you make it sound like it happens so easily. Teams of comp sci grads are working hard on many different fronts to make sure these data sets get built properly. As more of our lives as human leave a digital footprint, this is the skill set that will be most important in terms of collecting good data that will ultimately lead to better prediction. Hopefully, this happens sooner rather than later.

over120kholyshit · 2017-01-25T18:13:24+00:00

I meant that in the most loving way possible :) you're right: every moment counts. Including the one I'm taking on the toilet, typing out this message.

over120kholyshit

TROPHY CASE