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Cake day: July 1st, 2023

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  • It’s actually harrowing how little I have in retirement savings compared to them. I spent the first 6 years of my career paying off loans and only contributing up to my employers match. I was illiquid for multiple large economic events while they had cash laying around. They could buy cars when interest was zero. They had a house to refi when interest was zero. I feel like a millennial describing boomers but these are guys in their 30s who went to trade school.

    For me to catch up I have to put money almost entirely in taxable accounts where their money and returns are shielded from taxes. They were actually able to use a Roth for many years where I was only real able to max one out for two years before my promotion put me out of eligibility.

    The earlier you are in a market, the better off you are and trades put you into the market almost 10 years earlier than someone taking 4 years of college and then having 4-6 years of loan payments


  • Right now trade schools are actually providing a better cost to income ratio than college.

    It’s anecdotal but my friends in the Boston area were all making 120-150 in salary plus bonus before I was even out of school and I started in software at 65k and didn’t break into that level for another 4 years. Now I make 230 but they’ve all got houses and decked out retirement funds from having that good money when they were much younger. That extra 20-30k/yr in 401k and IRA funds with 5-6 years more growth time in the market isn’t something to shake a stick at.










  • fishpen0@lemmy.worldtoComic Strips@lemmy.worldSelling Stuff
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    28 days ago

    This is a joke about Craigslist and Facebook marketplace listings. That’s why the sales person keeps saying to look at the “post” and not the sign. If you ever sell something online you will get hundreds of people like this. They clearly have the literacy to log on to the site and to ask questions in written form but still don’t read the post.