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On Lines for a Variety of Situations Relating to Money
I feel sad because Logan seems to be suffering from broke-shame (in the same sense that I am suffering from fat-shame) that makes it seemingly impossible to handle things gracefully and ultimately is a barrier to getting better about the source of shame. :( Maybe I am just projecting because it is a problem I am having myself in another area of my life and it just sounds so familiar.
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On Friday Estimate
I know this is silly, but I am full of glee just thinking about you working in a baby store. Today: I spent $3 on breakfast and expect to spend $8 on lunch. Tonight I will cook at home with my dude, who bought us a huge haul of groceries yesterday, and then have friends over. Tomorrow: driving to St. Augustine for a day at the beach and also to see Star Trek on the IMAX at World Golf Village for a friend's birthday party. I expect we'll spend at least $8 on breakfast, $10 on snacks, $25 on lunch, and $35 on dinner, plus the $30 on the movie ticket and possibly $40 for gas. Eek. Sunday: Cheap day, hanging out at home. Might spend $20 at Walmart. Total: $147, not as bad as I thought. Maybe we can do some things to keep the price of the weekend excursion down, too.
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On The Next Generation of Job Seekers
Here is why I have a LinkedIn account: when someone Googles me, it is the first hit, and I control its content. Many people are unlikely to go past that first hit or two. I don't really need the first hit for my name to be a story in the Baltimore Sun about me fixing a toilet (as it was for years). I literally don't care at all about LinkedIn beyond that, other than making sure that profile is identifiable as me.
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On Charting Your Percentages of Pay Spent on Housing Responses
This is so cool! Mike, you're the best, as always.
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On What Percentage of Your Pay Do You Spend on Rent?
@lemonadefish I find living in a small lame southern city has a lot of financial perks. I feel the same way about how I'll never be able to move, because prices for housing elsewhere just seem crazy and I've gotten so used to my current standard of living.
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On What Percentage of Your Pay Do You Spend on Rent?
I'm at 30% of my take-home pay for my mortgage/taxes/insurance, if I were actually paying it alone. BUT that ignores the rent I get from my partner and our tenant, which covers most of it. The mortgage/taxes/insurance for our four-bedroom, two-structure (so 2 kitchens, 2 bathrooms, etc. - she lives in a totally separate apartment and my partner and I share a 3/1) is about 16% of all of our combined incomes. In reality: I pay the mortgage but collect $300/month rent from my partner (17% of his take-home income) and $450/month rent from our tenant (45% of what I believe to be her take-home income based on previous conversations with her - but she is a grad student and actually pays this with her student loans, not her income). This almost entirely covers the costs of the mortgage/taxes/insurance, which are then effectively only 5% of my income. (Home repairs, however, have averaged about 28% of my current take-home income every year, which is 60% of what I was making when I bought the place.)
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On My Parents Gave Me Money, But They Also Gave Me Tools
@boringbunny I did expect to see something about the skills they taught her that stuck, yeah, rather than just more money and learning skills on her own totally separately after disregarding her parents' advice. I suspect the author did not choose the title, though?
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On My Parents Gave Me Money, But They Also Gave Me Tools
@novembertea Can't speak for the author, but there are many mortgages that seem like bad ideas now that were sold as good ideas just a few years ago. My mortgage is one of them! If you can choose not to get a too-large mortgage now or can choose to simply sell your house and get back that money, cool, but I wouldn't be shocked if that's not really an option for the author (as it isn't for me). Plus, at least in my situation, I'm here and can make the payments so I might as well keep it even if the value of my house does finally get more than $10k above the amount of my mortgage. I bought the house with a boyfriend originally, who became a husband and then an ex-husband, and that was messy, too. Now I own the house in just my name and am getting remarried, and I don't intend to put husband-to-be's name on the mortgage or deed, ever, which is kind of messy too.
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On Sarah Kendzior on Graduate School
@stuffisthings That's what I said to my PhD advisor! Never regretted it a once.
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On Gates Back on Top
I'd never seen the tool that links to before, and found it really fun (I spent yesterday playing with this thing: http://recurringdevelopments.com/ so I'm feeling like it's a week for interactive tools on the web for me). What's really interesting to me is sorting "inherited wealth" from "self-made wealth": nearly all of those in the "inherited" category actually inherited companies (or parts of companies) that were founded by their parents or grandparents, so (a) they actually are partially self-made, since they work for/run the companies and help generate that money, and (b) it's kind of interesting that nearly all of them were self-made within the past 1-2 generations. I guess there's not much truly old money in that group.