Sniffy

joined 1 year ago
[–] Sniffy@sh.itjust.works 4 points 2 months ago (1 children)

Tons of companies have 'officially' pushed out RTO, mine included, but here in Bay Area it's still up to the agreement between direct managers and employees to keep WFH going. So my team still does WFH and other reasonable managers continue to do so for their teams as well. I hope that works out for your case too.

[–] Sniffy@sh.itjust.works 4 points 1 year ago

Oh ok, I did not know that reputation of the site. I thought it was interesting that they mostly recommend Treasury bonds as cash reserve and I see a lot of discussion regarding that, due to inflation lately.

[–] Sniffy@sh.itjust.works 5 points 1 year ago (2 children)

I think a little nudge is good but if they are not receptive to it, I don't bring it up again. Finance is very personal stuff and my some of friends/family get embarrassed/uncomfortable discussing that.

also I think it's important to not be completely out of touch since most people in my circle don't have enough money to have a safe savings/emergency stash, let alone invest into retirement. I don't want to piss people off or make them despair talking about FIRE if I know they don't have good income leftover to begin with. That's just been my experience with it, curious how you guys think about it.

 
Age 2022 Net Worth (Median) USD$
Less than 35 $39,040
35-44 $135,300
45-54 $246,700
55-64 $364,267
65-74 $410,000
75 or older $334,700

Source:

https://www.federalreserve.gov/econres/scf/dataviz/scf/chart/

[–] Sniffy@sh.itjust.works 3 points 1 year ago (2 children)

I got lucky, the laziest investing method turned out to be one of the better ones. I was originally looking at which stocks pay the most dividends so I can contribute with minimal effort, then learned about index funds, and which funds the most reliable, etc... that got me into FIRE.

[–] Sniffy@sh.itjust.works 27 points 1 year ago* (last edited 1 year ago) (1 children)

Haha but seriously, please don't use workers as your personal therapists.

[–] Sniffy@sh.itjust.works 2 points 1 year ago

Well... I'd rather stay and keep the 25% for an "ok" job 😄. A dream job is so fagile, especially when an important team member leaves / management changes for the worse and changes the entire work dynamic.

[–] Sniffy@sh.itjust.works 2 points 1 year ago (1 children)

All this inflation has me worried about not getting enough raise next year to cover the rising cost of groceries. Feeling anxious.

[–] Sniffy@sh.itjust.works 2 points 1 year ago

geez, the market sure took a tumble this week... though on the upside, the funds are at a good discount for buying 😎

[–] Sniffy@sh.itjust.works 2 points 1 year ago

That is all true. It just saves me money not buying a TV 😅.

[–] Sniffy@sh.itjust.works 3 points 1 year ago

The big blob of merged people was so disturbing, glad this was in a cartoon and not live action. That would have been extra horrifying!

[–] Sniffy@sh.itjust.works 4 points 1 year ago (3 children)

Wow I hope you don't get caught because that would be serious, manipulating item prices without authorization. Maybe gas station management is more lenient but I personally wouldn't bet on it.

 

Hi all, I see lots of subscribers in this community. What stage of FIRE are you guys in? curious about the demographic in here.

  • Neither FI nor RE
  • FI but not RE
  • FIRE'd
  • ?

I am in the first category, working towards FI for seven years now and recently reached 100K NW. Unfortunately I live in very HCOL area so I still have long ways to go 🥲

 

Many people around me are saying US based index funds is enough coverage to FIRE but I want to know if it's worth diversifying even more, maybe 10-20%?

 

curious to know how many low income savers are in the community vs typical FIRE jobs like software engineers

 
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