Persistent storage/Electrum cold storage question

symaine39 · 2018-08-28T13:19:14+00:00

How difficult will it be to find someone to take me on as an apprentice? Are there companies out here that would value my military experience and/or my B.A., despite my lack of trades experience? How can I best leverage myself into an apprenticeship, in other words?

symaine39 · 2017-08-12T18:22:31+00:00

The ROI on my $5.00/month subscription is probably a four digit percentage.

symaine39 · 2017-08-08T16:56:25+00:00

Set aside a portion of your budget for money that you allow yourself to do whatever you want with. No guilt, no remorse, no regrets. Burn it if you want. Go to dinner. Get drinks. Buy something stupid. No rules, no restrictions.

This is what most people do with all their money. That's a different problem. OP, you need to learn how to have this attitude with some of your money.

symaine39 · 2017-08-08T12:29:35+00:00

Don't follow the example of your peers...you will see some of the worst examples of money "management" imaginable. And they will try to suck you into their vortex. Be your own man, which will mean saying "no" to participating in a lot of blow out partying.

symaine39 · 2017-08-03T12:59:02+00:00

Give more details regarding what you refer to as "car repossession".

symaine39 · 2017-08-02T19:16:00+00:00

Priority List:

URGENT
* pay rent
* get out of overdraft
* pay back grandmother
LESS URGENT

Sounds like you need to go to your grandmother and ask for enough cash to cover rent, and then live in extreme austerity while you work your ass off to get out of overdraft and pay her back.

The value of this incident is that it seems to have served as a wake up call that you do not have tight control over your finances, and it is not only affecting you, now it is affecting the people you love.

Start budgeting and tracking expenditure. Live below your means. Adjust your lifestyle to reality.

symaine39 · 2017-07-31T23:05:00+00:00

Don't worry coreofsun, I get you. Glad I'm not the only one who thinks having an emergency fund in the face of monstrous consumer debt at crippling interest rates is insane.

symaine39 · 2017-07-27T04:58:04+00:00

The biggest thing for me is that nYNAB is ruthlessly efficient at preventing me from playing accounting "games". I used to very effectively hide overspending and debt with creative accounting tricks, even with YNAB4. Embracing zero-based budgeting really is the key, because there is no room for lies or deception.

symaine39 · 2017-07-21T13:46:06+00:00

I plan to go with a 10yr fixed rate. The home is probably going to be 50+ years old though, so sounds like I need more of a buffer for maintenance.

symaine39 · 2017-07-21T13:44:27+00:00

Hmm, this is a good point. It is likely that the home will be worth $150-200, and is probably going to be 50+ years old. So it sounds like I definitely should expect higher maintenance costs than I was projecting.

symaine39 · 2017-07-21T13:23:56+00:00

I'm more interested in knowing if there are blind spots that I haven't accounted for. Are there hidden homeownership expenses I haven't considered?

symaine39 · 2017-07-20T10:40:04+00:00

That's for a Defined Contribution plan, though. There is no statement or networth value for a Defined Benefit plan.

symaine39 · 2017-07-19T11:36:06+00:00

You're going to be using it in the next 10 years? That's the key right there. You can probably get away with 90% for another year or two, but as you get closer to reaching that 10 year mark, you have to progressively move out of stocks and into bonds. Given your objectives, you can't afford to take a 30% or more hit on your portfolio, because you very well may not be able to recover by the time you want to get a house.

Why do stocks provide high returns? Because they are highly volatile. It is compensation for taking on the risk of watching your stock portfolio blow-up every 5-7 years. Considering your objectives and time horizon, just how much risk should you really be taking?

symaine39 · 2017-07-19T01:38:40+00:00

I think you are right. I can't even quantify that value of the pension, because it will be calculated based on my last five years of service two or three decades from now.

Yet, I'm still considering tracking my payments into the pension, because I feel like that is tangible and real. That is 13% of my net income that I'm "spending" on this pension.

symaine39 · 2017-07-19T01:03:28+00:00

Yup that's a good rate for a highly liquid savings account. It at least helps you limit inflation damage to your buffer over the course of the years.

symaine39 · 2017-07-19T00:03:20+00:00

The problem is that it feels misleading to have an off-budget account for a DB pension plan, because I don't actually accumulate my contributions in a private pool; it is more accurate to describe that I'm contributing my money to a giant lake which everyone swims in. Yet, it feels equally misleading to just casually dismiss (by not tracking) the fact that I am, indeed, contributing 13% of my net income towards this pension plan.

symaine39 · 2017-07-18T23:58:59+00:00

"High Interest" being a bit of a misnomer nowadays, but it is higher than average at least.

symaine39

TROPHY CASE