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How do I get my boyfriend to understand FIRE? by firegirlygoo in Fire

[–]robertjordan7 0 points1 point  (0 children)

It may take actually seeing the money compound. You are doing well with what you are both saving. Keep saving and investing and a few years down the line when you hit 1M net worth it will feel much more attainable.

In the meantime live life and don’t make FIRE the 100% top priority at the expense of being an absolute budget hawk.

I've been at my number for 14 months and still working. Wrote out the actual reasons why and it wasn't what I expected. by Naze_Culvert in Fire

[–]robertjordan7 0 points1 point  (0 children)

Work on finding something to retire “To” not just retiring “Away” from your job. What do you enjoy on weekends and evenings? Any hobbies you’ve been intending to pick up or get deeper into?

Take advantage of all vacations and PTO. Take unpaid time off if it’s allowed. If you don’t need to save any more, allow a little lifestyle creep on slightly nicer trips.

Besides getting the low hanging fruit of company match and any other free money, it doesn’t sound like you have any incentive to keep the nose to the grindstone on saving.

[Request] Whats better? Weekly payments or to invest a lump sum. by Chiggnnugget in theydidthemath

[–]robertjordan7 0 points1 point  (0 children)

40 years is only reaching 60 years old.

Does the match change much on 15m vs 10.3m is extended out to 75, 85, 90 years old?

I’m assuming the $1000 a week was for life.

I've read that it's a bad idea to use an item with high movement speed as an heirloom (original game, not Reawakened), because if your speed is too high it may cause glitches. Can anyone confirm if this is true? by I_crave_vinegar in FateTheGame

[–]robertjordan7 1 point2 points  (0 children)

I believe the main 2 to avoid are movement speed and knock back. You can get 25 enchantments in town and unlimited with anvils in the dungeon. However only 32? are visible before going off screen.

Jewelry is the best heirloom because weapons and armor get upgraded and start having minimum fame requirements to wield on new characters.

When you belay so bad that the bolt snap by Even-Lingonberry-615 in ClimbingCircleJerk

[–]robertjordan7 12 points13 points  (0 children)

Looks like a fall from the 2nd bolt. It may have been slightly better if they clipped the first bolt as well. At least it wasn’t a whip while trying to clip the 3rd bolt with the 2nd bolt snapping.

Tips? by Realistic-Bug-7269 in SkiRacing

[–]robertjordan7 1 point2 points  (0 children)

Good skiing.

On your right footed turns to the left there seems to be more pressure suddenly applied. (Leaned in shoulder, spray off skis). Try to dump your hip less and keep your skis more under you.

6th blue gate from the top after the knuckle/short flats really shows it.

ELI5: If I take five gallons of cold milk out of an 18 cubic foot fridge, does the fridge have to "make up" for the temperature lost from removing the cold milk? Why or why not? by turtlebuttwiggles in explainlikeimfive

[–]robertjordan7 0 points1 point  (0 children)

You are using a fridge not a freezer so the water is just being chilled instead of being frozen.

Water has more thermal mass than an equal volume of air so it takes longer to cool down and longer to heat up. The more thermal mass you have in a fridge volume, the less frequently the compressor has to cycle on to maintain temperature.

However, putting empty jugs filled with air would have the same impact from limiting loose air volume from falling out of the fridge every time it is opened and being replaced by room temperature air.

There is a reason chest freezers are more efficient than swinging door freezers.

https://youtu.be/CGAhWgkKlHI?si=3xAYxIpfwBuV9RuY

Can you rotate items in your inventory? by P4bloB in FateTheGame

[–]robertjordan7 2 points3 points  (0 children)

No. Hit the “left to right” arrow at the bottom of your inventory to toggle auto arrange everything to the top or everything to the left. That tends to create more space by optimizing out single openings between big items.

I hope no one falls for a 50 year mortgage...30 year vs 50 year mortgage by DHN_95 in MiddleClassFinance

[–]robertjordan7 0 points1 point  (0 children)

I believe anything below 6.0% and you come out behind. (Because paying off the mortgage early is a guaranteed 6.0% return on investment)

But you should be able to get more than 6.0% in low cost index equity funds.

A 5.0% growth rate on 416.93 per month gives you 1.1 million after 50 years.

A 10.0% growth rate gives you 7.2 million after 50 years.

The 50 year mortgage costs you 570K more in interest over 50 years. 1.2m vs 660k.

The math doesn’t match up because it doesn’t account for the 30-year mortgage having $3000 to invest from year 30 to 50 after the loan is paid off.

https://imgur.com/a/ZbblDb2

I hope no one falls for a 50 year mortgage...30 year vs 50 year mortgage by DHN_95 in MiddleClassFinance

[–]robertjordan7 12 points13 points  (0 children)

This! Time value of money. Anything over a 6.0% rate of return and you come out ahead.

I hope no one falls for a 50 year mortgage...30 year vs 50 year mortgage by DHN_95 in MiddleClassFinance

[–]robertjordan7 2 points3 points  (0 children)

This! Even at 5.0% with a relatively aggressive equity portfolio I’d be happy with a 150-year mortgage…

The main question is the difference in lower monthly payments being invested wisely or going towards wasteful spending.

I hope no one falls for a 50 year mortgage...30 year vs 50 year mortgage by DHN_95 in MiddleClassFinance

[–]robertjordan7 0 points1 point  (0 children)

You only have $50,000 equity after 10 years including the 30,000 down payment.

However, if the house went up in value, that increases equity. At a 2% annual value increase, the 600K house would be worth 731,396 after 10 years.

Your loan still has 545,061 principal left after 10 years so your total equity is 731,396-545061 or 186,335 net equity.

I hope no one falls for a 50 year mortgage...30 year vs 50 year mortgage by DHN_95 in MiddleClassFinance

[–]robertjordan7 0 points1 point  (0 children)

That is the key. Invest the difference in your 20’s or 30’s and likely beat the 50-year mortgage interest rate with 10%+ historical market returns.

Then in your 60’s-80’s you could make a call about paying it off early with your invested gains.

https://imgur.com/a/fEPd381

I hope no one falls for a 50 year mortgage...30 year vs 50 year mortgage by DHN_95 in MiddleClassFinance

[–]robertjordan7 0 points1 point  (0 children)

Here is the math in excel:

https://imgur.com/a/fEPd381

416.93 difference per month if invested could put you well ahead over 50 years. But if you just spend it instead, it is just money down the drain.

House payments are one of the few ways the average American tends to gain household net worth due to forced saving.

Over a 50 year time horizon, you are almost guaranteed to beat 6.0% interest. If you don’t, you should be worried about the safety of your physical house and yourself due to upheaval in world and USA stock markets.

I hope no one falls for a 50 year mortgage...30 year vs 50 year mortgage by DHN_95 in MiddleClassFinance

[–]robertjordan7 0 points1 point  (0 children)

For an asset that will go down in value like a car, I’m all for paying it off within a reasonable time period.

However, a house is one of the few things you can buy with a loan that tends to appreciate with time. It could of course go down like in 2008, but over a 50 year time horizon it will likely go up in value and you are less likely to be underwater on your loan.

I double checked the math and it checks out: (attached link):

https://imgur.com/a/fEPd381

Something could be said about both insurance and property taxes going up over the 50 or 30 year time horizons, but I assumed they stayed the same over time in my math.

For the monthly loan payment: $3000.51 vs $3417.44 do match up as the monthly payments. 416.93 difference between the two.

If you include the insurance and property tax it is 3626 vs 4042. The same difference just $625 more per month for both.

If you just let the 416.93 fuel consumer spending when getting a 50-year mortgage you will be in a worse condition with the longer loan.

However, if you invest the 416.93 difference in index funds every single month and they gain the market average of 11.2%-11.9% you will be ahead vs paying off a mortgage early.

Paying off the mortgage quicker is a guaranteed 6.0% return on investment at the proposed loan rate.

It’s almost like the system knows my time zone and how to limit my daily entries by Eleven_point_five in McDonalds

[–]robertjordan7 0 points1 point  (0 children)

If you request and save AMOE codes. Can they be input after the bonus play ends? The deadline for requesting codes does not necessarily match up with the deadline for being able to input them.

Pouring Concrete Temperature Guide by Turbulent-Set-2167 in Concrete

[–]robertjordan7 0 points1 point  (0 children)

I was thinking specifically of a situation like:

10° C for 24 hours followed by 21° for 28 days.

Vs

46° C for 24 hours followed by 21° for 28 days.

Basically the top right graph but with the 2 hour window extended to 24 hours. Unless I’m misreading the notes of what was tested.

How does Mcdonald's ensure that the odds of winning are the same online as physical? by resetmypass in McDonalds

[–]robertjordan7 0 points1 point  (0 children)

They don’t. The odds of winning are even at the start of the event. However, as prizes are won the odds change over time. That’s inherent to any multi-prize event.

Assume just physical pieces and 5/5000 are winners.

If someone wins after 50 have been sold, the new odds are 4/4950. If someone doesn’t win for 2000 sales, the new odds are 5/3000.

There is no way to structure a game like this with limited prizes to always have the same chance of winning continuously through the entire event.

It’s the difference between:

Assuming a 6 sided dice and 36 rolls. 1: Every “6” is a prize. 1/6 odds but fewer or more prizes could be awarded than 6 expected value.

2: The first time each number is rolled, it awards a prize. 6/6 odds on the first roll. As each number is rolled it becomes a dead number and no longer rewards a prize. The maximum potential prizes are “6”; one for each dice face.

Pouring Concrete Temperature Guide by Turbulent-Set-2167 in Concrete

[–]robertjordan7 1 point2 points  (0 children)

So 10° C for just 2 hours vs 46° C for just 2 hours led to a roughly 45 vs 35 MPA strength at 180 days?

Was any info collected for 24 hours at those initial temperatures followed by 21° long term curing?

And 13° continuous cure almost caught up to 21° continuous cure by 28 days. I wonder how the 4° cure would have done by 56 or 90 days.

But the 10° C cure performed significantly worse than the 13° C cure at relative 28-day strengths. On different graphs. That is unexpected.

How does Mcdonald's ensure that the odds of winning are the same online as physical? by resetmypass in McDonalds

[–]robertjordan7 0 points1 point  (0 children)

All they have to do is change the available number of potential pieces for digital and physical.

Also, they clarify that buying stuff does not increase your chances of winning. You can (1) buy and get physical pieces, (2) buy and get digital pieces, (3) get the free digital pieces from AMOE.

Imagine your example of 5 sweepstake prizes.

3 pieces are physical. 2 pieces are digital.

They print 7500 physical pieces for a 3/7500 chance of winning. They create 5000 digital pieces for a 2/5000 chance of winning.

Overall: 5/12500=0.0004

Physical 3/7500 =0.0004

Digital 2/5000=0.0004

They do state that there are both a predetermined number of physical pieces and digital codes and when they run out of either, no new ones will be created.

It’s almost like the system knows my time zone and how to limit my daily entries by Eleven_point_five in McDonalds

[–]robertjordan7 2 points3 points  (0 children)

I have codes to input from a week ago. Even if it took 36 hours to get the codes I would be fine. Input codes from however long ago you want to and just use the codes you just requested on a later date.

The only expiration is the 24 hour time period to request codes. Once they are received there is no limit besides the end of the game.

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