I bought a little town house 12 years ago. I didn’t really want to. My wife talked me into it. I was worried that I’d never pay it off. With the cost of housing now I couldn’t possibly afford to buy. I have a house, and a nice nest egg for retirement one day. Thanks wife!
Am a devops engineer. Started working in my home country (in Europe) making 1.2k€ a month. It wasn’t the money I wanted, so last year changed my linkedin location to the Netherlands. Offers just poured in. Now I make 4k (liquid) a month being a JUNIOR devops engineer. Insane how just changing linkedin locations changed my life so much
But did you move? And where are you from?
I did endup moving (for tax reasonsand because I always wanted to live abroad), but I could stay in my home country if I wanted, as the job is fully remote. I’m from Portugal
deleted by creator
A lot of people are against credit cards which is understandable. But I use them almost exclusively and pay them in full every month.
As long as I don’t go over whatever I have in cash, these credit cards help me in building credit score as well as provide a layer of protection should some person or site try to over charge me later.
It’s not for everyone, but it worked for me.
This is what I do. I don’t use a debit card, but instead use a “credit condom” so that if someone steals my cc and uses it, I’m not liable. I also pay in full so I don’t have to carry cash and keep a healthy / active credit history.
My credit score is about as good as it can get, and I have no problems buying anything big ticket.
While not always too significant, many credit cards also offer points or cash back. I do the same as you (use my credit card for practically everything and always pay it off), and can use whatever points I get to make small mortgage prepayments, buy gift cards, etc.
Rolled over a 401k into a cash IRA the week before Lehman died
ETA: the timing was pure luck. I had no clue what was about to go down.
I bought an electric car.
Now when I drive by the gas station I couldn’t care less how much gas costs!
I’ve never tasted such freedom.
I’ve owned one for 3 years now. My only maintenance costs were a $10 tire rotation and filling up wiper fluid. Even better, the park by my house where I walk my dog has free solar charging!
Nice. How do you like charging at home / at stations? Are charging stations sometimes a pain? I haven’t seen many but I’m also not actively looking out for them but from what I’ve heard it’s all expanding nicely.
I’m looking to trade in aTacoma for a Ford F150 lightning or some other electric pickup since 99.9% of the time it’s just used to drive around town.
I’ve been having some issues getting the plug installed. I’ve gotten estimates across the board from 1600 bucks to 8k! But I’ll get it taken care of eventually.
I live in Georgia USA and there are plenty of dead areas for chargers unlike California where you can’t spit without getting it on a fast charger.
If you get a level 2 charger installed in your house it is completely possible to charge only at your house.
Chevy is releasing the Silverado and Suburban fully electric along with the Equinox. It’s worth a consideration.
Do you have any range issues? Forget to charge it?
I have to be very proactive about where super chargers are.
I live in Georgia USA and there’s a bunch of dead zones without chargers still. But there hasn’t been any single time where I was unable to charge and I drive A LOT!
I haven’t forgotten to charge, at least not yet!
What I have had an issue with is installing a home charger. Electricians have given me estimates estimates ranging from 2500 to 10,000. Like wtf!
The house I bought in 2012 because I was mad my landlord was raising my rent… I wasn’t trying to be smart…it was a fuck it scenario. Damn was housing “cheap” back then. Houses around me are renting for damn near 3x what my mortgage + insurance is. And selling for as much.
Moved from the east coast to California, without a job lined up. I had an apartment with two roommates to move in with however.
This was about 1.5 years after graduating from a mostly crappy school with a BS in Computer Science. The job opportunities in the Bay Area super paid off. 23 years later I’m living a life that I couldn’t have dreamed about growing up.
I buy my rolling papers in bulk, boxes of 24. Each pack costs around £1 instead of £2. I get those Connoisseur Packs with the included roach cards. Saves me a lot of money, as I do smoke a lot of spliffs if I’m honest.
another genius revelation from jaden smith
Paying off all our credit cards and cancelling them and living off cheque / savings accounts rather than credit.
We did this about 5 years ago before COVID uncertainty and the current cost of living crisis and I’m just so relieved we don’t have to worry about paying anything off.
Bought a car for $500, drove it for a year, sold it for $500.
My mom bought a car in my home country for 1.4 million local currency, sold it 2 years and an accident later for 1.6 million because Japanese imports stopped.
Started cooking at home.
Working from home helped a lot with this. Saving money on transportation, plus the lunches out and after work drinks, made a huge impact on my finances.
I took a lower-paying job that I was more competent to do.
Due to lower stress levels, somehow I spend less money and my finances are way better. For the record we’re talking about making $110k then vs making $45k now.
My finances are in better shape. I have cognitive surplus at the end of the day, and I think maybe that’s translating to less escape-seeking.
Also, this year I made a new year’s resolution: I am going to have $5k in the bank, come hell or high water. I’ve lived my whole life without a buffer and life without a buffer sucks so hard.
Just having that goal — $5k in the bank — has changed my whole relationship to money. I haven’t even hit the $5k. I’m at $3k and even that feels amazing. It doesn’t matter if my paycheck is late. I can just pay my rent. Moving into a new apartment and the agent was like “are you prepared to pay a deposit and first month today?” and I was like “yup”.
In the past I’d always answer like “Well my next paycheck is on such and such date and can I maybe pay you half then, then the other half two weeks after that?” I was always relying on the flexibility and mercy of financial gatekeepers.
I’m amazed how such a small amount of money (compared to the total flow) being held onto has changed my perception of myself. I feel like a “legit” person now. I feel like a stakeholder in society. I feel like an adult, instead of a boy in a man’s body. I don’t even know when my paydays are any more.
And my income didn’t really increase between the time I had no buffer and the time I did. I just made the resolution, and then started putting money away.
I think your experience that your finances are better on $45k than $110k is quite mysterious and could do with some further elucidation
Like I said I have cognitive surplus. I don’t have to mainline takeout, drugs, and impulse purchases to feel safe.
Drugs like prescription and over the counter stuff to deal with burnout, or drugs like street variety, risk your life to forget your troubles drugs?
Yeah, these three categories explain the difference to me. Good for you, getting your life in order and starting to budget/manage money!
For me, mostly pot, but also prescription drugs to get to sleep, to try and focus, etc. I did adderall for a while, ritalin, modafinil, microdosed with LSD, I did neurofeedback training.
And I ate out like crazy.
I mean, I might be able to handle a dev job now. I had some health issues going on before that job, and my housing situation was unstable, so I never really had a moment when I was just waking up, going to work, coming home, and being alone.
Now Im doing a job that’s so relatively easy (and hourly meaning I can just turn it off when I come home) that even living with a roommate and rarely getting that alone time, Im okay.
I forgot I also would get a hotel room or airbnb occasionally just to have alone time, I did bodywork and float sessions. I spent a lot of money managing my brittle brain.
Actually my intention is to go back to something like that. But the goal was to first learn to manage money, before I got the big salary again. Because I learned that I can earn six figures and still be paycheck to paycheck, so it’s pointless for me to take on all that stress if at the end of two years I’m still gonna be broke due to bad financial habits.
However, more fundamental than financial habits was self care habits. When moment to moment consciousness is comfortable, you don’t need much to be happy.
So for that, the men’s group is a really big factor. AND doing a job so far within my sphere of competence that I have no question of being able to perform.
What a crazy life. I don’t think you have a fragile mind, I think you had a series of impossible goals and incredible pressure to achieve them all. Together with some questionable to bad coping mechanisms, you were on a dark path. I’m so glad you’re on a better path, with goals for the future and a better grasp of what is important in life.
I went for a 5 year mortgage rather than a 2 year at my last renewal. With how much rates have increased by recently, I think this will have saved me about £15k by the end of the 5 years.
I dumped most of my life savings into buying stocks after COVID happened. I had just started investing and took a massive hit in March of 2020. Rather than pulling my money, I waited a month for the market to stop falling. Then I put a lot of money into US oil, and a few Casino/resort stocks.
I didn’t have a ton of money, but those investments have more than doubled. I still can’t fully pay of my house, but im getting close.