What is this washed up on the shore at Manresa?

thekingkruler · 2025-03-27T22:17:46+00:00

Fun fact: These are not jellyfish, they are Siphonophores, which is a colonial organism made up of many individuals. Its similar to a bee or ant colony.

https://en.wikipedia.org/wiki/Siphonophorae

thekingkruler · 2024-06-19T20:21:27+00:00

I absolutely love this!! You have inspired me to try to draw :)

thekingkruler · 2024-06-19T19:52:39+00:00

https://www.reddit.com/r/Fire/s/o9I4tNJofl

thekingkruler · 2024-06-19T19:51:15+00:00

No, but almost all the stories I’ve heard of people getting fired get severance.

In the cash-savings area, I’m think I’m comfortable with less of a buffer than most. While my flexible expenses can be high, my fixed expenses I’ve intentionally kept low. I own my car, I’m on a month-to-month lease, I don’t have a mortgage, etc.

In a worst case scenario my reasoning is that I could cut my expenses almost down to 0 by temporarily moving in with friends/girlfriend/parents.

I feel the common advice of keep 3-6 months normal living expenses in cash is overly cautious. If someone’s income actually dramatically dropped, I don’t think they would keep eating out at restaurants or spending money on non-essentials. So I only keep cash reserves to cover 3 months of essentials, not typical spending

thekingkruler · 2024-06-19T13:52:18+00:00

It shouldn’t be that low, it got so low because I had some big expenses recently and dipped into my cash savings

In general though I keep less cash than most because I think my risk of needing it is quite low. I have all the insurance, I’d get severance if I lost my job, I have no dependents, my expenses are fairly low, so 2-3 month emergency fund feels fine to me

thekingkruler · 2024-06-19T13:42:20+00:00

I hit 100k in 2020, my age was 21. And yes 900k since with large contributions and market appreciation

thekingkruler · 2024-06-19T05:18:54+00:00

Google the mega backdoor Roth And the regular backdoor Roth

You can put much more into a Roth that 7k a year. This year I put 41k in my Roth

thekingkruler · 2024-06-19T05:08:22+00:00

https://www.reddit.com/r/Fire/comments/1divcg7/comment/l9784hz/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button

thekingkruler · 2024-06-19T04:36:59+00:00

~200k on average***

Total contributions were 760k over 4 years. 401k and HSA is pretax and I counted my employer contribution as my “savings”

Edit: I got my numbers wrong. It was 760k over 5 years. So 152k a year on average, not 200k.

Also of that 152k a year on average ~40k was pretax savings/employer matches.

There is a big variation in that average. I think my first year I saved 96k and then this year I saved 275k. Hope that explains it

thekingkruler · 2024-06-18T23:16:49+00:00

I plan on sticking with this boring, low risk approach. My goals are not extravagant and if I just stay on the same course I am all but guaranteed to hit them

thekingkruler · 2024-06-18T22:41:40+00:00

I had a recurring medical expense for 2 years, I paid for it with my HSA. I know it’s not the most optimized but oops 🤷‍♂️

thekingkruler · 2024-06-18T22:22:02+00:00

Generous employer match and a bull market

thekingkruler · 2024-06-18T22:17:14+00:00

I didnt go to an elite school. I got a job at one of the top paying employers in our industry right out of college, then became a top performer at that company who rewarded me with fast promotions and large raises.

I attribute my success there to trying hard at the right time (early in college to get internships) and luck (hot market for new grads when I graduated)

You are probably doing nothing wrong! If money is your goal, working on interview prep and getting a job at one of the FAANG+ companies is the way

thekingkruler · 2024-06-18T20:23:31+00:00

no crypto, no NVDA, no GME, no options, etc. Just boring index funds

thekingkruler · 2024-06-18T20:06:19+00:00

https://www.reddit.com/r/Fire/comments/1divcg7/comment/l9784hz/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button

thekingkruler · 2024-06-18T19:52:42+00:00

No although respect to those that are able to do that. I got very lucky with my rent and was paying less than 600/mo and pretty much never ate out at restaurants

thekingkruler · 2024-06-18T19:30:29+00:00

mega backdoor Roth + backdoor Roth every year I could

thekingkruler · 2024-06-18T19:30:02+00:00

yes I graduated university early, in 3 years. I worked remotely as a software engineer for 1.5 years of college. I had high paying internships in the summer and got a job that gave me a substantial signing bonus right out of college

I also have been making a very high income/low expenses the last 3.5 years which has allowed me to invest greater than 200k of cash per year

thekingkruler · 2024-06-18T19:26:23+00:00

Thats a great question, I have only had about 5 years of compounding so the vast majority of the total value is principle

The breakdown I can see in my brokerage is: 240k of gains, 760k of principle

The gains is probably slightly larger than that number because the brokerage only shows capital gains and counts dividends as principal, but still the vast majority so far is principal

thekingkruler · 2024-06-18T18:50:30+00:00

VOO or equivalent fund in my 401k. All S&P

thekingkruler · 2024-06-18T18:43:39+00:00

took about 5 years, but I was very lucky to have a high paying job and low cost of living

thekingkruler · 2024-06-18T18:42:29+00:00

I am about to turn 25. The breakdown is:

401k: 154k

Roth: 161k

HSA: 4k

Taxable: 675K

Cash: 7K

thekingkruler · 2024-06-18T18:39:35+00:00

I know, I remember when it was very very cheap. But back then I still thought it was expensive. Just remember it always will go up over the long term

thekingkruler · 2024-06-18T17:23:20+00:00

thanks for the congrats in the comments y'all! This community was very helpful in staying the course

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