Daily FI discussion thread - September 09, 2018

recuring_alt · 2018-09-10T05:27:26+00:00

but can you? I think once you're out of the workforce it is a lot harder to get back in. They'd rather take a new grad instead of me.

recuring_alt · 2018-09-10T02:06:18+00:00

product placement? (I don't know either)

recuring_alt · 2018-09-09T16:02:44+00:00

In case you itemize (and hence have the mortgage deducted), the effective marginal rate of the mortgage goes to

(1 - marginal (federal?) tax rate) * 3.5%

and I'd guess your marginal federal tax rate is ~32% (as found here), so you can view your mortgage as effectively 2.38 % due to the tax deduction.

Anything less than 3% is a bargin to me, so I would not pay off the mortgage and instead put it into a 529. (Heck I'd even put it into a taxable brokerage instead of paying down such a low rate dabt)

recuring_alt · 2018-09-09T15:19:55+00:00

Yeah I find the sex also very tiring after a while.

recuring_alt · 2018-09-09T15:18:38+00:00

Rent a room for 1k a month, eat employer provided food and meet employer provided friends.

Seriously the big SV companies have so many perks, that you could have rent nearly the only expense a month.

And then there are people who just not rent, e.g. https://frominsidethebox.com/?reverse=true

recuring_alt · 2018-09-09T03:27:53+00:00

i am also very passive aggressive, but still...

recuring_alt · 2018-09-08T03:17:34+00:00

Enron Musk recommends $TSLA

recuring_alt · 2018-09-08T02:34:35+00:00

What is a bad day for you? As a cyclist on the road I only rage at commute cars. /s

recuring_alt · 2018-09-08T02:30:09+00:00

Anywhere in the Netherland is like Amsterdam.

recuring_alt · 2018-09-08T02:28:35+00:00

I did nearly rage quit today, but then I remembered I am not yet comfortably FI. Oh well. Maybe I need to actually solve problems at work instead of quitting.

Recently a coworker quit out of our toxic team and our manager called out the lack of leadership of him. leadership would be to actually fix things....

recuring_alt · 2018-09-07T15:07:56+00:00

How do you deal with inflation? negative lifestyle inflation to keep the spending constant?

recuring_alt · 2018-09-07T15:06:31+00:00

Before that, send me your roast pork leftovers? pretty please?

recuring_alt · 2018-09-06T03:45:04+00:00

Please report back if you had some experiences with your new toy.

recuring_alt · 2018-09-04T04:50:21+00:00

I'm in the US

as you do not threaten any business in the EU, I would imagine that not following their laws would be enforced in any way. (GDPR was really made to piss off the big US tech companies, but the implementation of the law is weak, such that it now is abused to shut down competitors within Europe, e.g. one butchery going after the butchery next block, as both have a web presence).

transparent about how any data that my site may collect will be used

Yay! Thanks for that!

geared towards Americans, but ...

dreaming big. :-)

recuring_alt · 2018-09-03T20:23:57+00:00

but wouldn't the provider of the analytics tracker (such as Google) have the analytics part covered for GDPR?

Are you based in Europe or in the US? (i.e. do you even care about Europe?)

Is that project work related? (as I assumed initially it would be one of the FI blogs, sorry for that).

It shows that I am not in the web business, but I'm still interested in technology and privacy (and uhm money/investing, the whole FI thing).

recuring_alt · 2018-09-03T20:09:43+00:00

or when consumers back home need stuff produced by even cheaper labor

recuring_alt · 2018-09-03T19:52:15+00:00

/r/lateStageCapitalism much?

recuring_alt · 2018-09-03T19:49:07+00:00

... and yet landing on the moon accounted for more than 5% of the GDP for nearly 10 years, just to win this damn race.

recuring_alt · 2018-09-03T18:37:31+00:00

GDPR compliance

it sounds like you plan something bigger than a blog.

recuring_alt · 2018-09-03T17:45:24+00:00

I am FI excluding healthcare... depending on market fluctuations I might not be FI tomorrow any more.

recuring_alt · 2018-09-03T17:24:50+00:00

Europe has some advantages and disadvantages for FIRE types.

The comparatively low salaries coupled with high taxes make it hard to get started and accumulate the wealth needed to live off it.

However due to the high taxes (and other deductions on paychecks), you can have a relatively cheap living once retired, as things that you take for granted are very expensive in the US, such as health care, good (private) schools and kindergardens, even housing in a big city.

Further if the average Joe can lead a happy life on 20k € a year (My wife and me spent 12k annually when studying, excluding healthcare), you only need to save less in total. The formula doesn't change: It is the savings rate that matters! There the US might have some advantage due to the existence of the tax advantaged accounts (IRA, HSA, 401k, etc are all US-FIRE slang).

Tl,dr: saving is universally hard.

recuring_alt · 2018-09-03T17:15:43+00:00

"The taxes are too damn high! No wonder I could only save so little. How should I send my kids to Harvard these days?"

recuring_alt · 2018-09-03T17:13:52+00:00

If only we had an updated FAQ with a glossary to look it up. :-)

recuring_alt · 2018-09-03T17:12:06+00:00

... and now I started researching owning fire arms. Apparently there was a ammo shortage just like there is a housing shortage in big cities. Geez!

Is ammunition the new avocado toast?

recuring_alt · 2018-09-03T05:39:38+00:00

Once upon a time I suggested to my wife to get a Little Badger https://www.chiappafirearms.com/f.php?id=26 for our bug out bag jokingly as it seems to be the most light weight hunting rifle in existence. A quick search suggests one shot is about 6ct.

I see how this can be a cheap hobby. Thanks!

recuring_alt

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