The Finance Thread - Page 3 - Social Anxiety Forum
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post #41 of 105 (permalink) Old 09-11-2020, 10:03 AM
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I have some savings and no debt.
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post #42 of 105 (permalink) Old 09-11-2020, 10:18 AM
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I wish there was a job i could do for like 2-3 hours every sunday for some extra cash. I signed up for this banquet thing a few years back where I was a server at a hotel for a day or 2 and could pick my days in advance through an app. but its too tiring and 1 day events are rare.

Been trying to set up a blog since feb when i quit my last job but i can't think of what to write and honestly Im just relieved that no one has read the few posts i made so far, let alone try to monetise and advertise it.


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post #43 of 105 (permalink) Old 09-11-2020, 08:45 PM
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Are saving for a down payment now? Whats your price range? We have some good priced homes here but I live in the south and I know prices tend to be cheaper here.
I've been saving 8 1/2 years. LOL I live with my parents so I'm able to save up quite a bit, plus I don't spend that much money, especially this year.

I could probably get a pretty good house right now for $150-160,000 which isn't that bad compared to other parts of the country. I could put like $60,000 down payment and it would be pretty affordable. Thing is if I lost my job there's no way I could afford it if I had to work minimum wage or part time. I'm just the kind of person that doesn't like to take risks with things like that.

I also kind of want to wait until coronavirus isn't slowing down the economy anymore because things are kind of iffy right now. Honestly though, I don't think it's going to affect houses as much as people thought - but we still have a long way to go it seems. But I don't think they're going to go down much, if any. But I'd hate to buy something and then they all drop like 2009 again. When I was looking into buying a house like 8 years ago you could get a nice small house for $60,000. But I didn't have much money back then and I'd just started working full time.
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post #44 of 105 (permalink) Old 09-11-2020, 08:50 PM
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Hope to only spend $40 a month on gas.
It depends on how far you live from work and stuff. I can usually get about two-three weeks on a tank if I don't go out much other than work and it costs about $40 to fill my car up. When I used to drive 45 minutes to church two-three times a week it really costed me some gas. I don't miss having to drive that much.
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post #45 of 105 (permalink) Old 09-11-2020, 09:04 PM
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I've been saving 8 1/2 years. LOL I live with my parents so I'm able to save up quite a bit, plus I don't spend that much money, especially this year.

I could probably get a pretty good house right now for $150-160,000 which isn't that bad compared to other parts of the country. I could put like $60,000 down payment and it would be pretty affordable. Thing is if I lost my job there's no way I could afford it if I had to work minimum wage or part time. I'm just the kind of person that doesn't like to take risks with things like that.

I also kind of want to wait until coronavirus isn't slowing down the economy anymore because things are kind of iffy right now. Honestly though, I don't think it's going to affect houses as much as people thought - but we still have a long way to go it seems. But I don't think they're going to go down much, if any. But I'd hate to buy something and then they all drop like 2009 again. When I was looking into buying a house like 8 years ago you could get a nice small house for $60,000. But I didn't have much money back then and I'd just started working full time.
You're in a good spot bro, you might have enough to buy a house outright soon. For me getting at least 20% down and a low interest with 15 yr rate is my key points.

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It depends on how far you live from work and stuff. I can usually get about two-three weeks on a tank if I don't go out much other than work and it costs about $40 to fill my car up. When I used to drive 45 minutes to church two-three times a week it really costed me some gas. I don't miss having to drive that much.
Yeah true

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post #46 of 105 (permalink) Old 09-11-2020, 09:05 PM
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My 401k is just looking awful. Not sure if I'm invested right or not.

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post #47 of 105 (permalink) Old 09-12-2020, 02:07 AM
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I can help you set up your blog if you want to.
Thanks, its more of what to write though, have to figure that out first.

believe in urself
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post #48 of 105 (permalink) Old 09-12-2020, 04:30 AM
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Thanks, its more of what to write though, have to figure that out first.
Did you use WordPress or other CMS for your blog?
I'm happy to help with SEO, in case you need it.
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post #49 of 105 (permalink) Old 09-13-2020, 04:30 AM
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I should be able to save 30% of my income. We'll see. Really need to look at career options.

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post #50 of 105 (permalink) Old 09-13-2020, 08:22 PM
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Too many carry around debt like its a pet. Once I get debt free, never again.

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post #51 of 105 (permalink) Old 09-14-2020, 12:37 PM
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The market is up today at least.

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post #52 of 105 (permalink) Old 09-14-2020, 11:23 PM
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It is usually advised to rebalance 2 times a year. Once in Jan and once in July. Or every 6 months
You can buy balanced mutual funds that do the balancing for you.
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post #53 of 105 (permalink) Old 09-15-2020, 12:40 AM
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You can buy balanced mutual funds that do the balancing for you.
I have a portfolio that automatically rebalance at Charles Schwab. Works pretty well.

https://www.schwab.com/intelligent-p...200915073741:s
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post #54 of 105 (permalink) Old 09-15-2020, 07:44 AM
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Wonder if I should invest 15% or don't and just save for a home down payment first (in a couple of years).

~ How can I build Your kingdom if I'm building my own
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How can You be my future if I've made this my home ~ Love & the Outcome
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post #55 of 105 (permalink) Old 09-15-2020, 09:06 AM
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Wonder if I should invest 15% or don't and just save for a home down payment first (in a couple of years).
I would save for the home down payment first. Or you could do both at the same time but it will take you longer to save up the down payment that way. Im assuming you have no other debt. If you do pay that off first
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post #56 of 105 (permalink) Old 09-16-2020, 07:34 AM
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^^ Yeah

Picking up extra hrs could have me living off just 62-65% of my income.

~ How can I build Your kingdom if I'm building my own
How can You be my treasure if I'm digging for gold
How can You be my fire if my heart has grown cold
How can You be my future if I've made this my home ~ Love & the Outcome
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post #57 of 105 (permalink) Old 09-17-2020, 11:07 PM
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Too many carry around debt like its a pet. Once I get debt free, never again.
I agree, & I’m pretty close to getting to baseline again
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post #58 of 105 (permalink) Old 09-18-2020, 04:53 AM
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^^ Awesome bro!

Paying off debt is like cleaning up your past mistakes.

~ How can I build Your kingdom if I'm building my own
How can You be my treasure if I'm digging for gold
How can You be my fire if my heart has grown cold
How can You be my future if I've made this my home ~ Love & the Outcome
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post #59 of 105 (permalink) Old 09-18-2020, 07:55 AM
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My financial goals are:

~ Be debt free by 31
~ Have 6 month emergency fund by 32
~ Start investing 15% for retirement at 32
~ Have at least 20% for downpayment for a home by age 37 (150K range if single)
~ Have paid off home by 50
~ Invest more and be a millionaire by 65

~ How can I build Your kingdom if I'm building my own
How can You be my treasure if I'm digging for gold
How can You be my fire if my heart has grown cold
How can You be my future if I've made this my home ~ Love & the Outcome
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post #60 of 105 (permalink) Old 09-23-2020, 06:26 AM
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Wish I could of started investing at 20. But I should be able to really go all in at 32. Still learning more and more about investing though.

~ How can I build Your kingdom if I'm building my own
How can You be my treasure if I'm digging for gold
How can You be my fire if my heart has grown cold
How can You be my future if I've made this my home ~ Love & the Outcome
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