They cost whatever the market says they cost. If people thought they were too expensive, they wouldn't pay the price, by definition.

I would've loved to spend more exorbitantly, invest that money, etc. Instead, I did the responsible thing. So irresponsible people get bailed out and responsible people actually foot the bill.

Well put.

Worth noting that a UBI would also subsequently reduce the cost of healthcare too, taking care of yourself by eating healthy and practicing cognitive behavioral therapy is by far the most effective preventable measure one can take to stay in good physical and mental health but both of these are very cost prohibited.

Mental and physical health is so closely entangled that a deficit in one affects the other and the most basic needs have a compounding effect. Sleep, nutrition, exercise and peace of mind.

Working on your mental health is nearly impossible if you're always a couple bad weeks away from being homeless or feel ashamed because you can't provide for your children, constantly seeing them go without and knowing they're doomed to a life possibly even harder than yours.

How can you expect to sleep well knowing this?

How can you be expected to eat well when franken food is all you can afford? People greatly underestimate how eating healthy impacts their brain.

How can you be expected to exercise 30 minutes a day when you're perpetually exhausted? Your brain expends an incredible amount of energy and increased brain activity leads to a higher consumption.

All of these things, poor sleep, poor nutrition, excessive rumination, have a very, very significant effect on your cognitive abilities, our brains and minds are programmed to prefer the path most traveled, it takes a lot of effort and mental fortitude to walk through the tuft grass that helps us form the habits and learn things that lead to a better wellbeing.

A lot of people don't understand that thought patterns are also a habit, people feel insecure, dissatisfied, unfulfilled, angry, sad, hopeless and they keep feeling this way, they develop anxiety, they develop depression, they lose willpower, worsen their cognitive abilities, they make worse decision and in certain circumstances, they make a irreversible or even unforgivable decision.

A lot of people just don't have the willpower or support to help themselves, providing just one of these will allow the other one to work towards fixing itself. It's a lot easier to give people money than it is willpower.

I want to make it clear that I'm in no way downplaying or disregarding psychiatric or neurological disorders, sometimes it's a lot more nuanced than just telling people to eat right, exercise and meditate but helping the majority will have the indirect effect that allows for their specific needs to be more accessible since the current system has professional psychiatric help very much tied to supply and demand.

The effects of UBI would be so deeply profound on our country, just imagine a society where the individuals live and work not just to survive but instead live and work in ways that they find meaningful.

Anyone who thinks UBI will make people lazy is woefully ignorant, humans have an innate craving for purpose. Laziness is a moral failing, it's a symptom.

UAB in Birmingham (which oddly enough is actually the University of Alabama medical school, not UAB's) has world class care and the bigger cities have less issue finding doctors due to the low cost of living and high pay rates. Alabama is an unusual state in that something like 97% of the insured population has BCBS so it's basically guaranteed that a provider will accept it or they'd have no patients.

The disgraced former governor of Alabama is a dermatologist in Tuscaloosa and is apparently a very good dermatologist.

Cost twice as much, yah their so done.

Buying in an unfamiliar location is a terrible idea. Should you need to move again because you don't like the unit or the location will cost way more in transaction costs than you are "saving" from not having to pay for storage etc. Also, you could sell any furniture that doesn't fit in a rental.

Failure is just part of the game. Winning the game is de-risking your attempts at a base level to determine if an idea is a winner, over time. Rinse and repeat. Part of this involves market research and analysis ahead of time without spending large amounts of cash or acquiring debt.

No one can take away the knowledge and experience you gained from this particular venture. You're now familiar with the pitfall of spending your own money on an unproven business. Physical products are difficult for sure, but you now have priceless experience -- albeit at great personal expense.

Life itself is also a game. You have just been tossed back to the beginning of a level... jump back in and now use your experience to hop right over those pitfalls. Don't spend money when you don't need to. Learn some basic no-code website builders or use platforms like Shopify and Etsy to start your next business. Run everything under a single company (your own marketing company) and promote different concepts and brands. Learn to use Canva. Promote using social media, including TikTok, it's free. Use your cell phone, don't even spend money on video equipment. Build an email list. Use organic content. (And though I use a specific SaaS that does this for me automatically over time -- the point is you have to leverage tools that don't cost you a ton of budget OR time. Strike a balance.)

Automate. Replicate. Dominate.

Playing the long game is the way, but you need to de-risk yourself first.

Plant seeds and water them until you get fruit to harvest. You only need one big winner to overcome all failures you've ever experienced.

Keep going and enjoy the game. Feel free to DM me.

Zero cost labor? Bullish

Cost savings. Bullish

Good luck OP. Took me days of screenshots to get like $40 dollars of fees Fidelity charged me as a commission for an otc stock. Nowhere when I bought did they list the commission. Even took screenshots of their app saying $0 dollar commission and the total cost didn’t include any commission but customer service spent hours trying to get out of giving me back my $40. I’m sure trying to claw back 295k out of a broker without customer service number will be fun.

Good to know…. sort of doesn’t explain why the cost to own existing property continually rises though. If everyone’s property rises together by roughly the same amount and the budget is the same why is everyone’s PITI rising when they do yearly appraisals?

I personally used mine to save up for a down payment. I think when I sold I had to pay tax on the discount as if it was income. Depending on how the stock did sometimes this was significant. Holding deferred the taxes and got me partially tax free compounding growth. There is also the argument of leaving it to your children so the cost basis gets stepped up and nobody pays taxes on it.

That being said, it's still risky letting that allotment get to big. You could lose it all over night.

This is true on a smaller scale and is more “ethical” unfortunately I lost my ethics is property management after working for invitation homes for 5 years. But in general I agree if a tenet has paid over 100k to live in a house for 3 years and I don’t have 3 turns(that cost me money) on that same property in that time I’m a little bit more forgiving of paint and carpet and really only come after the tenants for broke cabinets windows and appliances at that point

So really what you have here is an improved front-end to deploy to a k8s cluster?

This improvement also relies on learning what is essentially a new domain-specific language that is human-readable adjacent to ensure that the robot does not give back an invalid response, will not cause a vulnerability, and will not cost you hundreds of dollars per hour.

Relevant XKCD: https://xkcd.com/1205/

Any good resources compiled together in 1 spot for a “normal” person to educate them on finance, investing, true cost of things. The basics of compounding.

New gf is

• paying 1.5% expense mutual funds, 1% financial advisor or 2.5% net expense fees…
• mutual funds are like 30% bonds and ~5% cumulative return in 5yr returns instead of 50% sp500,
• lots of money in cash at 1% yield,
• wants to pay off 1.8% car loans,
• no consideration of future kids/weddings in financial plan,
• doesn’t take advantage of essentially risk free money at work….
• and talks of retiring early seriously in 10yrs saving just 2k a month and ~200k total saves…. Delusional

Oh… all of this while like mentioned under guidance is a “financial advisor”. Who happens to be a decade long friend.

Remember I’m up against this decade long “friend” who doesn’t want to share news that shatters dreams and keeps the peace while at same time collecting fees at work.

I’m exceptionally analytical and know finance like back of my hand, but for 98% of people even if they make good money want to be told good things and criticism/ideas is an attack on their character and in this case their “friend”. They also don’t want to spend time thinking about it which is why they get an advisor….

Resource? Compiled stuff so I don’t have to make a bunch of line charts showing compound multiplication and things to think about ?

If you’re going long term, dollar cost average into VT or VTI.

A new-build laundromat would cost roughly $500-$600K. With $40K you're looking at a very old, extremely down market store. But that's okay! Everybody has to start somewhere.

I suggest doing what you can to learn about fixing machines, plumbing, and the HVAC systems for venting the dryers.

You will have to deal with the city to make sure your sewage system is working correctly. You will have to deal with the AQMD to make sure your ventilation is working correctly. You will need a city business license, and a fire department permit. You will need to pay sales taxes to the state. You will also be liable for unsecured property taxes (taxes on the equipment that the business owns - this is different from secured (real) property taxes).

Most laundromats are going coinless, which reduces the need to be on-site all day, but you will still need one or two employees.

That's off the top of my head. You will want to work with a CPA to get yourself structured correctly. And look for a broker who helps with buying/selling businesses to find the right seller for your circumstances. Maybe you will find a seller who will help finance the purchase. Maybe you will find a business that has been abandoned and the real property owner is looking for someone to take it over.

Good luck!

Go back 25 years and run your plan against the real data..

500k on the SP500 on May1 1st, 1998 would have the SP500 at around 1050. Today it's at 4100.

Your 500K would have turned into 2M today.

There were not many opportunities to buy below 1050 after May 1st, and waiting would have cost you growth and dividends..

In this exact case, going all in on day 1 was very close to optimal, without the benefit of hindsight.

Boston is uniquely expensive. I could rent a house in other parts of the country for what a parking space In Boston would cost

People in this sub really need to understand opportunity cost.

I want prices to drop. We are in DFW where we are still relatively low cost of living and have people moving here in droves, so I don't see how prices would drop any time soon even with a recession.

thats why I like being the defendant/respondent, no cost to file papers!

And even if someone calls it "just boilerplate". The combination of ChatGPT4 (the 4 is important since its much better) + Github Copilot literally feels like using cheat codes for the stuff I am programming. Yes, it makes errors. But sometimes there simply are basic stuffs that cost time. Instead of writing 100 lines of code myself of something easy, I can copy&paste it from ChatGPT, look over it and that's it. I am waiting for it to integrate with your code base like Github Copilot does since you cant Copy&Paste all your code into ChatGPT for it to write documentation, docstrings and tests. But for the smaller snippets I have tried it on, it absolutely worked.

Except this is expected to cost the FDIC $13B

Not that it matters much here…. but actually banks create deposits when they create loans. They don’t lend out existing deposits. They create an asset (loan) and a liability (deposit) on their balance sheet at the same time (out of thin air!) and expand the money supply. That’s actually how banks operate. If the new deposit leaves then they need to either sell the asset or fund it with other deposits or debt/borrowings (to balance the balance sheet!)

As for the rest: FRC had almost 25bio in MTM losses. That’s like 5x their 2022 net revenue. Funding those underwater assets at current market rates (by borrowing, which is what they did) means additional losses. If rates went higher, the situation would only deteriorate further. They had shored up liquidity but at a very high cost. And that liquidity was basically Fed and FHLB liquidity. The gov’t was already propping them up. Why let further losses accumulate by propping up an insolvent bank any longer. They were only going to continue to lose deposits. I’m more surprised it took this long to shut them down.

I think something is weird going on with your calculations. Your 30 year mortgage should cost ~1273 less than a 15 year. I understand you get a lot of interest savings, but that’s considerable cash flow to add to your savings, emergency fund, investments, and mortgage principal which will give you considerably more flexibility. You are going to refinance your mortgage in a few years anyway when hopefully rates drop. You should be able to buy this house if you drop the need for a 15 year mortgage which will force your wife to pick up extra shifts

There was K&T in the basement. I had a local electrician come out and redo the basement wiring to update when he was wiring the new furnace. Old furnace was an oil based furnace that was converted to natural gas and then developed a crack that was leaking carbon monoxide. Total cost to replace in 2020 was like 4k since I didn't get a fancy furnace.

Also the "just a chatbot" ChatGPT is already messing with writing jobs. Why would I need to hire translators if I can copy&paste my text and have it translated and written by ChatGPT. Yeah, it sometimes reads artificial with a perfect and fluent word structure etc. But for stuff like instruction manuals, it doesnt really matter. At the end, I hire someone who knows the language and just skims it for errors. Suddenly, I have saved 90% of the cost.

From your post it seems you are solely attributing richness to Bull Markets and portfolios in the gutter to Bear Markets.

I do not agree with this. There's much more nuance to wealth gained during bull markets than simply bull market rich, bear market poor.

With good consistent investment decision making, dollar cost averaging, including investing when times get tough, your portfolio is in position to be significantly boosted during a Bull Market.

Depending on how much you have invested, your investing horizon, there's a lot of W2 income that contributes to wealth as well. Dividends play a role, albeit smaller, even during down years.

Have you been saving money for possible home repairs? This is where it comes in. Even money from your emergency fund should help with this.

Example: We pull in 220K per year and our mortgage is higher (3200), we have a kid but no childcare cost (Family helping) and we set aside about 2000 each month for my student loans; no other debt. We have money for utilities, savings, EF etc in our budget but were still able to redo 15 windows for about 17K. We put down a large deposit and are paying the rest off within 10 months with 0% interest.

You should have enough money to pay both expenses and definitely take advantage of the low interest from contractors.

How much money do you have extra after expenses? What exactly is making you concerned here?

That's what goes straight to checking. Pretax before any contributions is $215k/year.

Current 401k savings are $60k

We looked at both, monthly payments came out almost identical with a 15 year loan for 95% of the home value. So it made sense to me to go with the two loans if the only difference was really the cost of mortgage insurance.

This is our first home purchase so please correct me on any of this. I appreciate the responses!

No, there is no moral hazard other than college degrees shouldn't cost as much as they do. The moral hazard is people who into actually useful careers like social work are paid like absolute shit but require higher education.

How are you being punished? You are benefitting from this as well. Guess we should still have slaves because some people had to go through it too? Reactionary fuck.

Might have to take this opportunity to get my average cost down even more, will it make it to $5 again?

Which is a HUGE problem for the US. Captialism ONLY functions effectively IF there is heavy competition and we're losing that aspect of our economy.

Competition, is the ONLY thing that drives prices down and prevents corporate "greed flation" (raising prices far beyond the production cost of a good). Without competition consumers will, generally speaking, not benefit from the development of new technologies.

I realize that the cost of the option plus the price of the share is more than the $40 buyout. I have a long time til expiration so I'm okay with waiting but didn't want to hold on to something that would be worthless.

Yes, that for sure. From learning what really matters, to having more realistic dreams up to being able to do this again at a much lower cost - well at least to this point. Still have to learn more about marketing.

Fed pushed to stabilize the market, as a healthy bank wouldn’t be really enthusiastic about acquiring a failed bank with minimal deposits, gov pushes through different measures, but the cost to taxpayers is minimal.

They bought their assets, not the bank, and it's all clear public information on cost.

What do you mean?

What is the cost of repair for both items? Are there other debts you're paying with that income? I'm more debt-averse, so with the income you have, I would think you'd be able to get something similar to a 0% interest for 12 months with a contractor and pay both off.

Can you wait on the roof and focus on the heat pump? What's more urgent?

Just questions to think about!

ISEE 32 C Cost: $9.10 Exp: 01/2025

And

35 C Cost: $9.50 Exp: 01/2025

Thanks!

Yeah I mean last year, I saw Barack Obama speak. Pretty amazing, something I'll never forget.

But I think I attended maybe 2 breakout sessions where I actually learned something insightful.

Hard to justify all the cost involved - $1000+ for the ticket, whatever hundreds of dollars in flights, and probably $1000+ in hotel - for the value you get out of it.

I'm looking for something smaller this year, focused more on insightful breakouts.

I will say that depending on where you are in your career, I found the Sirius Decisions (now Forrester) conference really insightful. Just keeping in mind that's very strategy focused for leadership.

Yeah, 5% is high compared to the ultra low rates we've experienced over the last couple decades. I'm not disputing that. I'm saying those ultra low rates were the exception, not a norm to return to. And of course the cost of money influences the markets performance. The ultra low rates artificially pumped equities and expanded the economy faster than was sustainable.

Nothing is free. We've been kicking the proverbial can down the road since the 80's. The interest rate is just one indication.

The loss is what he paid; you can't write off unrealized gains.

Knowing the company was getting in deep trouble, he should have been reducing his position going into the close. We had no idea what the Fed was going to do. Suppose they decided to prop the company up again, OP would still be in the house of pain. Suppose the company ceases trading, OP again is still in the house of pain. There was NO good outcome, but greed blinds people. Fear and Greed will always cost you to lose money.

I wrote software for a law firm. They paid me and my team ~$5m over 3 years, and at least a million worth of that worth was spent on automation that basically tells them, "you don't have a case". For decent law firms, there is a lot of opportunity cost there.

>. How much would I know to put it?

If you're using it properly, you max it out every year ($3850 if single, $7750 if family coverage).

>Would I be paying more if I switch to HSA?

Depends on the coverage and premiums. HDHPs often have a lower total cost if you have few or many medical expenses, but this largely depends on your employer's offerings.

There's a spreadsheet in the wiki to compare plans

The car won't be worth more than the cost to fix it. You could probably part it out of you have the know how, time, etc and make quite a bit that way. You could also put it up for sale as is and recoup some of the sunk costs. Or, if you don't want to bother with the hassle, just junk it and save yourself some stress. But after that, buy a Toyota. Look at the videos of the guys from Top Gear trying to kill a Hilux and you'll understand why. Close hood, runs forever.

We really enjoyed it. Great Dominican food around the apartment. We were also able to walk through Inwood and into the Bronx which was fun. Found some great Mexican food up there. 2 weeks staying at no cost was pretty compelling. We also liked having someone in our house while we were away.

I agree that we need higher education to be attainable for qualified individuals. The problem is that throwing money at it would only help... the institutions. They should be incentivized to lower prices and increase the return on investment through better education, job-placement programs etc. and that won't happen by stimulating endless demand.

As long as these are for profit and subsidized through federal lending we're going to see costs inflate. I don't think the gov should nationalize it because we have a bad track record there. The bottomless lending should be more targeted to reduce demand for these educations and in turn lower prices.

Would that filter some prospects out? Sure. By your own logic of kicking this off saying these degrees don't pay for themselves and many degree holders are hurting, many would be better off not having this education experience and would've benefited from the system filtering them out initially.

This doesn't solve the have / have not of a dumb dumb with generational wealth still getting in even though not qualified, but there could be progressive cost structure that pits under-qualified, wealthy individuals with higher cost to subsidize the others.

>I have dome some doordash, haven’t made much though.

Which will be your experience with lyft/uber too. By the time you factor in the cost of excess wear/tear most drivers barely break even.

Strictly in terms of finance, it's almost always better to repair the truck. A $400/mo car payment buys a lot of repairs. If you WANT a new car that's not a crime, just acknowledge the desire as the luxury spending it is and don't try to roundabout justify it.

Ya, the FDIC insurance pool is pretty massive… ~$130 billion as of their 2022 annual report.

SVB cost the fund ~$20 billion. First Republic will cost about $13 billion, but JPM is having to pay in $10 billion so not sure if the $13 billion is net expense or $3 billion is net expense.

That leaves roughly 90 billion in the fund. But keep in mind that US banks like JPMC and Bank of America don’t want the system to fail because our society then crumbles.

I'm sorry to hear that. But your life is not over. Your business is not over either.

Are you not getting ANY sales? Or is it just not enough to cover the expenses?

I would say, first you should stop hiring agencies. Most of these things and skills you can learn and do on your own. Agency fees are extortionate and they don't promise results.

Things like SEO, PPC, Affiliate Marketing, PR should all be done on your own when you're starting a business. Only once you're actually in the green, it makes sense to outsource this (as it's cheaper than hiring your own team).

Brother, start bootstrapping. Get a job and keep your business running on low volume. Focus on efficiency. Remember, we're in a global cost of living crisis and you likely have competition that are having similar issues.

There's a million levers you can pull and things you can do.

If you want, feel free to DM me and we can take a look at it together.

All the best.

Removed for RULE: No low effort posts. For positions or strategies, provide details.

There is not enough detail to have a conversation about options.

This is the level of detail expected for an options conversation.

• Example: /r/options/wiki/faq/pages/trade_details
• trading strategy and why you have it,
• why the underlying was chosen,
• the position rationale and trade details (ticker, call/put, long/short, strikes, expiration, cost, date)
• underlying price before (and after) the trade
• intended gain & maximum loss exit thresholds
• the dates / times of entry and exit
• images fail to state your point of view

This is one of those times where you learn the lesson that if a waiter offers you an off-menu item then you need to ask about the price. It’s kinda sleazy on their part yeah but you could’ve asked at any point before ordering. It’s not like you can dispute the charge with your credit card, you ordered the food and ate it without asking how much it cost, that’s on you.

I suppose you could do a 1 year CD, but we're talking a 1% difference so it's not a major opportunity cost to leave it.

One thing I can tell you is that the homebuying process can take a lot longer than you want, a "fast" process is 8 weeks. So if the goal is to move-in summer you need to shop in spring ngiven the persistent historic inventory shortages.

For my personal horror story last year, I presented at least one bid a week starting in January, finally went under agreement in mid April, then we ran into a title problem so it was either spend the summer shopping or wait. It was late August by the time I finally closed.

Your experience shouldn't be quite so horrible, but you should probably budget 3 or 4 months to be safe, in which case a 1 year bond or CD is too long.

What the fuck??? Why does a course and website cost a luxury car??? You got scammed I dont care how supposedly good that program was supposed to be.

Maybe you should get a normal job for now BUT you dont need to write off entrepreneurship. Just dont get into these scammy looking things to try buy the skills to run a business. Do more research and reading and talking and verifying before deciding to spend money.

Buy it out, as it’s worth more than your residual.

Whether to keep it to use or sell for a profit is entirely dependent on your lifestyle and how much you’ll use it as compared to how much rideshares, zipcar or rentals cost.

Morning my fellow $SOFI bagholders. We dOLLaR cOsT aVeRaGinG or what?

In a lot of ways our leaders see us as purely financially motivated units of the polity. For example, we want people to be better citizens. How do we accomplish that? Well, homeowners cause fewer problems than people who don't own homes. So create a mortgage interest tax break. That makes owning a house more affordable, meaning more homeowners, meaning more people with a stake -- aka home equity and resale value -- in their communities. Same with lower tax brackets for married couples, deductions for having kids, child care, etc. Because of the drive for lower taxes everywhere, this some governments are also after us in a capitalistic way. The fees are obvious, but there are also little things like trying to finance the police force through traffic tickets, confiscating property, etc.

On top of that, of course, is a capitalist system itself. It is now ruthlessly focused on reducing people to either a revenue stream or a cost center. You either make them money, in which case they're always trying to get more from you; or you cost them money, in which case they're always trying to give you less or get rid of you.

These two things put the squeeze on everyone to such an extent that we have to think about money all the time, because everything comes down to money. Either somebody is trying to take it away from us, or we realize we need more.

UBI could give people the stable foundation /u/EnochScribe talked about. There are other things we should be doing, too, obviously: health care, taxing enough to pay for local governments so they aren't preying on their own citizens, etc. The thing is, everybody wants to live in the greatest country in the world, but nobody wants to pay for it.

It appears to be paradoxical honestly. The highest standards of living in the world all coincide with some of the lowest birthrates. I struggle to follow the argument that it's the cost of raising a child that is the limiting factor when the wealthiest nations all seem to be facing a near demographic crisis.

There are exceptions to these observations. The most religious groups seem to somehow keep their birthrates up. Mormons for instance seem like they're going to outlast us all.

You can't just fully hedge interest rate exposure. Longer term debt returns more exactly because there is more risk. The cost of fully hedging would be more than the extra return you get from long term. You'd be better off just not investing in long duration to begin with.

You can however do things like cap your maximum loss. But the more you hedge, there is a cost, so the less your return is and the bank either has to take on more credit risk, or offer lower APY/services which will lose them deposits. Its all a balance but there is no free lunch.

How much does one of these products cost and what is your margin?

So I’m not a realtor but here’s my math on how to determine how long you need to be in your house for, without any appreciation on the property.

My house was purchased for 192,000 and I had about $8000 in closing costs that were not the down payment.

When I sell this house I’m going to be facing another 3 or 6 % closing costs again, depending on the market and if the buyer is going to cover their own closing costs (another $5-10,000). Also not sure of what other costs there are to selling homes.

Of my $1100 mortgage, less than 400 will Be towards principal (equity) until month 99, averaging $355. Costing me till month 118 (10 years) to “break even” with the sale of my House, assuming a $950 monthly rent.

To get to this, I did my total closing costs + my potential future closing costs + my down payment ($22,500). I then offset that against my monthly principal pay down, my total monthly mortgage payment (as the remaining $650 is throw away money in interest, taxes, insurance), and the opportunity cost of a cheaper rent.

Assuming there is some appreciation, this will get cheaper. However, in those 10 years something is going to go wrong that you have to fix which will cost more. Additionally, you’re not going to NOT do any remodeling or painting.

I suppose what I’m trying to say is, look at the next 10-15 years. How many kids and how much space do you really need?

I went into my house blindly following the 7 year minimum rule, but it’s like more that that.

I couldn’t agree more. It makes literally zero sense to tie the county’s funding to the value of the properties. As you say, possibly at the time of purchase, which would mean a person could have a realistic idea of what that will cost and include that in the calculations for their decision to purchase. But simply continuing to ratchet the taxes received based solely on the value of the property is ridiculous. The county’s expenses didn’t increase based on your property’s on-paper value rising, and as you pointed out, nobody’s services are necessarily improved in linear progression with the additional money the counties are receiving.

They’re pricing owners out of their homes and making rentals unaffordable.

Expose the gurus and names and your cost. Sorry if you are got into a hole, you got to expose so others do not loose their life savings

> Sure. To the regular people that might want to buy or sell a house though, the impact is the same.

The impact is very much not the same. Home prices falling would make things much more affordable... but potentially also cost them their income by triggering mass layoffs and bankruptcies.

Home prices staying the same means they cost more, because of the cantillion effect: most people are not getting automatic 10% raises each year. OTOH: massive inflation makes it easier to keep bad businesses afloat and thus reduce the instances of mass layoffs. Its a lot easier to keep people hired when you can give them a 10% pay cut each year.

"Tax-cost-averaging"

Very relatable. He did a job for our gym back in December and they only paid him half the cost at first just to be able to purchase the unit but none of the other materials needed. They finally paid him the remaining money in early Feb but only after we nagged the hell out of the owner for it. It was ridiculous. He almost couldn't pay back his supplier in time. Are you in the HVAC industry too? Or something similar?

I don’t want to add salt to OP’s wounds but I agree with you that these numbers are absurd. I just started doing something similar to OP and I’ve spent maybe 40k, at the moment. But my situation involves paying a manufacturer for injection molds. OP didn’t even have that cost. I have no fucking clue how he spent so much. It’s silly beyond belief.

Agreed. This is just the start. House prices still haven't come down much (or at all) in a lot of places. Inventory is beginning to increase, and homes are taking longer to sell though. These are just early signs of what's to come. The job market is cooling fast, banking/finance/lending industries are struggling, and the cost of everything is still increasing at a high rate. It's going to take more time before the impact of all these things really starts taking a toll on the housing market.

How long has it been on the market? If recent, I wouldn’t count on the sellers offering any closing cost assistance. If it’s been on the market for a couple of months without much interest, then okay.

But regardless, it’s whatever you offer and they accept.

Well, you have children being raised in relatively impoverished households, frequently in genuine poverty. Early nutrition and education have permanent effects throughout a person's life. So, while it may cost the same on average, in dollar amounts, we get worse results and are thus impoverished as a nation. Additionally, it disincentivizes parenthood at a time we strongly need more parents.

Asking parents to foot the majority of the bill is just inefficient.

I've been at First Republic for years and I'm genuinely bummed out about this. I've never actively liked a bank before. Everyone was so genuinely kind and helpful. I'm not a wealthy customer, just a barely-above-broke freelancer, and they've been very helpful on a few occasions. I once lost my debit card while I was in Mexico and they overnighted me a new card at no cost to me. This is really a pity.

JPMorgan effectively owns the entire FDIC with their FRC takeover at this point, once the losses piled in and the FDIC runs out of $ is when the true fall will begin. And JPM will be laughing b/c they will have no major losses as their CRE/REITs can take 80% hits and that becomes all profit for them (at the cost of tax payers & smaller banks) down the road...

I'll add: The model employed by 3G Capital has been noted by McKinsey as resulting in cost-cutting but detrimental to brand health. At Ore-Ida they wound-up losing market share and at Kraft-Heinz they wound-up scaring off 40% of head office, failed to invest in products and damaged market position. Same thing at Tim Horton's. I wouldn't doubt 3G is circling around Subway, and if they do, it'll be more of the same.

Ya no way that should cost $4-6k. Get some other quotes not at the dealer. Looks like a used engine can easily be had for under $2k.

Have you figured out what the car is worth if it was working?

I know a good financial Ghostwriter, but it will cost you about $10,000 for her to write you a book. DM me if interested.

Ticker, cost of call, expiration?

Pensions were always lies. You were supposed to die before they were paid out. They never put aside the money to pay them. Tons of companies were wiped out and tons of people were screwed when they didn't get their pensions. Even from small cities. Only big cities and states have the power to keep paying the ridiculous promises of their predecessors. So yes, it's a great idea in theory, but no one wants to pay the price to actually have the money waiting for them. Look at how much annuities pay for what they cost. Or how much you put in social security and how little you get out, even though it's a giant ponzi scheme which is also running out of money.

Holy shit dude, I’m not trying to kick you when you’re down but there was zero reason for you to spend this much money on this stuff. It seems you thought the idea of throwing as much money at your business as possible will lead to success

> when the biz idea came in early 2020 the product cost was 50% cheaper

So how did you account for that? Did you negotiate with suppliers? Factor in the supplier cost into the business model to test if it was still feasible?

> I paid for an e-commerce mentorship program which was around 30k

You absolutely got scammed. There’s nothing they can teach you that YouTube videos and entrepreneurship books wouldn’t teach you.

> Website was 20-25k

Why on earth did you pay this much for a brand new business? You can set up a Shopify store for $39 a month and pay someone $250 on fiverr to build you a professional looking website through Shopify

> stock is around 50k

That’s a huge investment if you have no proof of concept. Why did you feel the need to spend this much? Did you have pre-orders? Kickstarter?

> Dubai set up for (3 years) 35k

What exactly does this mean?

> Consultation fee, upwork, accounting, etc. 40k

Again, no idea why you paid this much when your business hasn’t even established itself yet.

> Marketing costs 10k

This is the only thing that makes a little bit of sense, but even that is way too much.

I’m not trying to be harsh, but use this as a lesson as you go forward in life. It’s clear you thought you could just pay your way into being a large, legitimate, profitable business while skipping the startup grind and you found out the hard way that doesn’t work. Never spend that much money on things that aren’t absolutely essential. No mentorship programs, no consulting, nothing. Do the work yourself so that you can truly learn and understand your business.

How do you live? By keeping your head up and chugging along. You learned a valuable (and expensive) lesson.

Thank you. That’s a great insight. I do expect cost cutting measures but wasn’t sure how it will be realized.

One reason is the $95 annual fee. Not a huge deal but I don’t see a benefit of keeping two identical cards that cost money.

Oh, I absolutely know I'm just a cost on someone's spreadsheet.

Maybe this is jinxing it, but our company has been woefully behind on tech in a sector that's traditionally reluctant to change (and way behind on tech) and is seeing lots of competition in new tech offerings. So to stay relevant, they need a competitive product, if only to win contracts. Our department isn't intended to make money and we're just a blip on the overall balance sheet, but we're talked about in board meetings and sales discussions constantly. We're not even close to using up our budget, and the board says they want to increase it, provided we can actually spend it. The main barrier is hiring, and we've been told that's not going to change; in fact, we added hired a new recruiter and added a few positions right as layoffs were being announced.

So we're a new org that's under budget, the leadership loves our project and is willing to spend way more if it meant we could increase output (but we really don't need to increase our cadence because pretty much all of our target customers are happy). We're working on high value, longer term projects that will make us really competitive (we're still catching up, but some upcoming projects are truly innovative), so I'm really not worried about any cuts.

But you never know. The gravy train of the past couple years could end, but I think that's unlikely since we operate in a "necessary infrastructure" sector that rarely sees disruption. But if we do, I have dozens of companies just a few miles from my house that I could apply to and probably get paid more than I make here.

Colleges typically publish their total cost of attendance, broken down by in-state, out of state, international, and live on/off campus. This should give you a basic idea of attendance. You also should be able to get an idea of you textbook and lab fees by researching the specific courses you plan on taking.

If you are planning to go to a private school or out of state, and live in the dorms, it will be hard to make enough to cover everything for two years. People that save up enough for that sort of school typically start very young. It is possible if you get in state tuition and live very thriftily, and you mom helps with things like food.

Your best bet would be 2-3 years at a community college. Try to find meaningful work related to your field.

You need to have a conversation with your mom about financial/material support, beyond just “no”. Is she willing to let you live rent free into your late 20’s? Will she continue to provide food? Clarity is important so you can plan your next steps.

So happy I sold this turd of a stock at $7.70 with a cost basis of $6.

Plus, they never tell you their profits and losses. Having millions in revenue isn't always a good thing. You can be losing money every month. You sold $1 in goods, but it cost you $2 to sell it. Also, I feel like sometimes marketing agencies count their budgets as "revenue". If a client gives you $100k to spend on their ads, you didn't make $100k.

Either way, you are right to be sceptical about those posts.

Check out my website and sign up for my online course to become actually successful, no bullshit.

Makes sense. We had a 3% vacancy rate cost and 10% maintenance fee baked in. I forgot to include this in the OP.

Good call out

Used a calculator cause I was curious: adjusted form 2008 to 2023, it would be 23,039,550,000 if I did my zeros right. calculator is limited to 10 mil or less.

Fed of Mn said 22,703,622,851.83 for 2008 to 2022. Calculator

I don’t want to discourage you, but the fact that you fell for a 30k mentorship program means you’re a little naive and probably need to take a step back before pursuing additional entrepreneurial endeavors.

Step 1 is being smart with your money. The amount of things you could’ve used 30k for to actually help your business is endless. There’s tons of learning to be done out there that’s completely free, or courses like Udemy that cost like $20

Company underwent cost reduction investments over the last quarter. Revenue was biggest lost ever but EPS was way better than expected. I believe after two years the company is finally started to pull its head out of its ass and can finally begin earning money again. AI. *

I'd personally sell it all and dump it in a stock index fund like VTI. You know why? Because I doubt you want to change your life around and farmland manager. I'd also sell the walmart stock and put it in VTI. You should get step up basis, so it won't cost hardly anything in taxes to sell the walmart stock. You don't really want a concentrated position in one stock that you don't have a strong feeling about. Index fund investing is the way to bet on the entirety of us stocks going up. It's more of the slow and steady way to grow your wealth.

Estate Planning: I'm not sure how much the farmland is worth, what your personal assets are, or if you have kids, but if your overall net worth is over around 5 million or so, it could be worth considering some estate planning as well. For example, say you now have 10 million with 1+ kids, relatively soon would be a good time to gift your kid(s) some of these assets (probably in a trust). If you now have a net worth of around 2-3 million or so, there's no rush at all with estate planning.

Financial Advisor: I'd recommend a fee-only FA to get some recommendations. Many FAs charge a percent to manage your assets. Charging 1%/yr for the rest of your life is going to cost you probably a million dollars over the course of your life which is a lot of money to pay for some ongoing advice.

> Obviously, there is no (direct) cost to taxpayers as this is paid by bank insurance premiums

I fail to see why it matters whether the cost to the broader public is direct or indirect. It's still a cost.

Lol my avg cost is .95 ..so hardly a bag holder

This puts them at over a threshold 10% of all US deposits held through an acquisition so they had to make an exception to the current regulation.

But they were the only one that bid for the entire bank which made it a cleaner transition. They were also the only bid that was high enough. The other bids would have cost the FDIC billions more in insurance.

You got scammed. An LLC in Dubai for $35k? $40K for accounting? That doesn't make any sense. How could those things cost that much money?

I just made a website using elementor and the7 theme which doesn't cost much. In total I spent less than a week working on the website. Took my own photos and used AI to get the text and fill in the missing text, even the logo is an AI piece. You should give it a go wordpress + elementor a go, by far the quickest path to passable web design. Here's my link

Growsimple.co.nz

>gets sold to private equity groups? What kind of changes are expected?

Tim Horton's.

There was an extreme cost-cutting measure; Tim's changed coffee suppliers (losing it to McDonald's) and changed their value chain, so donuts were no longer an in-house product (an attempt to mirror Dunkin Donuts). They introduced menu items to varying degrees of failure. The big change was in the franchise model.

You had franchisees who had 1-2 franchises, often using proceeds to support local activities. Tim Horton's changed that and have pushed for a new franchise model with minimum ownership, larger capital reserves, and multiple locations. It's to cut-down on recalcitrant franchisees and expedite changes. It's really eliminated the Tim's brand as being commonly associated with the local community. Quality has declined, and they've been pushing further into very murky territory in their use of Canada's temporary foreign worker program.

On the whole, I don't oppose PE buyouts but they often only understand key financial metrics and really lack a credible understanding of the marketplace. As a result, Canadians are turning on Tim's. I haven't had a cup of coffee from there in more than a year despite there being approximately 80,000 of them in a 5 block radius.

My guess is they would change the franchise model for Subway; they would enact a strict cost-cutting measure and introduce menu items that wind-up cut only a few months later.

Naked calls and puts are slightly different.

Naked calls can have more risk as the stock can keep going up in price to cause large losses and if assigned this would be short stock shares that profit from the share price dropping. Since stock prices more often tend to move up over time this can be higher risk as this is trading against how the market usually moves.

Naked, or cash secured puts are less risk provided you are ready and able to buy the shares. Trading short puts on high quality stocks you don't mind owning anyway can see profits from these, and then if assigned the shares selling covered calls can keep the premiums coming in to profit in that well as well.

While you are correct that many short (sold) options can be bought back, it is possible for the cost to buy back the option to be more than what is in the account which is where the risk is. Trading puts on stocks you can afford and don't mind owning is not as risky as it seems.

Some universities/colleges cost $5k/semester. Some cost $70k per semester. You can usually find tuition rates on their websites.

43% of people have a side hustle (https://www.luisazhou.com/blog/side-hustle-statistics/#:~:text=43%25%20of%20full%2Dtime%20workers%20say%20they%20have%20a%20side%20hustle&text=Nearly%20half%20of%20Americans%20report,a%20source%20of%20disposable%20income.))

9.2% own a sustainable business.

https://www.statista.com/statistics/315556/established-business-ownership-rate-in-north-america/

There are over 3/4 of one million people who own their own gig. The average age of a business owner is 44. The retail industry is the highest-paying for business owners (and that's basically one of the highest employing industry).

https://www.zippia.com/business-owner-jobs/demographics/

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>I’m an employer and would never hire someone with a side biz

Because they aren't reliant on you. It takes away control.

​

>I have unwittingly in the past and none stuck around long

A sample size likely small. You're letting the minority write the rule.

​

> It costs money to get someone trained. And a waste if they don’t stay

Indeed it does, and they already know what a startup and operations cost is so I'm willing to bet they already know that. They may have left for any or more of unrelated issues like how you treat them, the pay, the way you operate, micromanage, control their schedule, restrict their ability to earn more, company culture, co-workers, etc.

​

> I definitely wouldn’t hire you even if your background was a perfect match.

So what would be worse, a business owner who has as much potential (maybe even more than you) basically comes in and realizes they're worth more but you're only willing to let them be entry level to "earn their place" in your triangle or a W2 who's done the same job for a 6 year time span but for 3 other companies.

There's a VAST difference in performance, attitude, outlook, ability, and simple care.

It sounds like your mom (and possibly you) do not understand what the FAFSA is. The FAFSA is just a form that describes your economic situation. It has nothing to do with accepting any loans. Why on earth would she refuse to fill one out? Not filling one out ONLY HARMS you, as it makes you ineligible for most forms of financial aid (grants etc.) Are you sure she understands how screwed up that is?

Other than that, my engineering undergraduate in NYC cost me 4000 a semester with no aid. I just worked part time doing delivers while I was in school. Wasn't that hard to come up with the money. Pick a cheap school and a gap year might not even be needed.

COST out to get blood. What a drop this morning!