Cad
scientia potentia est
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What do you do?
- Thread starter Alkorin
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Don't they still have to legally pay out your vacation? Not that I really see that happening.
I've switched jobs twice, from 43->52->75 and with that 75 bump I almost simultaneously starting clearing an extra 600 a month in rental income. Never have I said "oh look, extra money" but I never have a conscious decision to spend more and I didn't really see a happiness bump from 52->75 except for buying my dad a car.
I guess my conflict and reason for rambling is that it's not evident now whether more money should be the goal (which has primarily motivated my main secondary time usage, remodeling, but i do enjoy building things) or if I should just settle into the groove of a 40 hour government job with my 1 rental, and play games or golf every evening, without burdening myself with the thought of hanging drywall this weekend because I need to have this house sold in 2 years so I can have xx by the time i'm xx.
We are very comfortable now financially, but I wonder if we will be with a kid financially and emotionally, as a kid seems to take so much time, energy, and money that any secondary pursuits are impossible and we are stuck treading water. Conversely if I don't have a child I wonder if i have the attributes to even be successful and further if it will result in being happy.
I think taking a job with a 10k pay cut to improve my quality of life coupled with the creeping reality of mediocrity brought on by late 20s has created an identity crisis in the back of my mind due to always considering myself (and generally being) smart and successful and something I haven't taken the time to address, and it's making me weird. Now the only thing that's for sure is my obsession with tarrant.
I guess my conflict and reason for rambling is that it's not evident now whether more money should be the goal (which has primarily motivated my main secondary time usage, remodeling, but i do enjoy building things) or if I should just settle into the groove of a 40 hour government job with my 1 rental, and play games or golf every evening, without burdening myself with the thought of hanging drywall this weekend because I need to have this house sold in 2 years so I can have xx by the time i'm xx.
We are very comfortable now financially, but I wonder if we will be with a kid financially and emotionally, as a kid seems to take so much time, energy, and money that any secondary pursuits are impossible and we are stuck treading water. Conversely if I don't have a child I wonder if i have the attributes to even be successful and further if it will result in being happy.
I think taking a job with a 10k pay cut to improve my quality of life coupled with the creeping reality of mediocrity brought on by late 20s has created an identity crisis in the back of my mind due to always considering myself (and generally being) smart and successful and something I haven't taken the time to address, and it's making me weird. Now the only thing that's for sure is my obsession with tarrant.
Noodleface
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I didn't mean to scare you poocasso by saying my kid cost $80k in 7 months, he's relatively cheap. I mean diapers, food, and clothes - that's really it once you h ave his furniture.
I went from ~55 -> 84 and I saw an noticeable increase in my happiness. At 55 I was still having to worry about the mortgage payment and expenses. Now the money is just in my account and I don't have to even think about it. But since I'll probably go from 84 -> 100 in the next year or two I don't really see the same bump coming from there since I already don't really care about cash. Maybe I can more freely spend on luxuries but I don't really see that making me day-to-day happier.
There is also the implied cost of your wife not working. She'd need to be fairly gainfully employed for the benefit of having a job to outweigh the cost of child care.
Cad
scientia potentia est
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Uhh... I don't think so. I'll admit I really don't know the law on that, probably varies state to state. But I've never heard of suits to get paid off for stored up vacation time.
Yes. They thought I was being crafty when I used all my sick before vacation because they have to pay vacation but not sick. I just used sick because it was first on the list.
I usually like to have 5-10k saved up but I'll use it on rental improvements depending on the timing. I'm generally comfortable with living paycheck to paycheck because of dual income no kids, a solid family that i'm confident will bridge any catastrophes, and a low debt to income.
I usually like to have 5-10k saved up but I'll use it on rental improvements depending on the timing. I'm generally comfortable with living paycheck to paycheck because of dual income no kids, a solid family that i'm confident will bridge any catastrophes, and a low debt to income.
Cad
scientia potentia est
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The next bump in happiness comes when you have enough money to really do whatever you want on jobs and take risks, go back to school, open your own business/buy a business, buy real estate, and start getting enough passive income that you can seriously consider a point where you won't need to work. Then you can more seriously invest time in your hobbies/kids/whatever.
Noodleface
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Yeah, childcare here is like $1700/month on the cheap, shitty, crack-house end. It's nuts. She'd have to clear double that for me to even consider it for a moment. And then.. your kid is being raised by someone else for most of the day. I know that happens once they go to school, but to us it came down to us wanting my wife to be the one raising him during the day.
It's definitely something you should factor in.
My wife has a shitty english degree with no desire to teach, so she's never been gainfully employed. It was easy for me to make that call.
It's definitely something you should factor in.
My wife has a shitty english degree with no desire to teach, so she's never been gainfully employed. It was easy for me to make that call.
Quick google looks like Ohio says you have to pay
Must employers pay unused vacation at termination? It depends.
Our manual only states that sick time is not paid out at the end of employment. (I wish it was I have 600 hours of that!)
I wish I had so much in accounts that generate income I could just live off that. God that would be sweet. Don't see that happening for me, though.
Cad
scientia potentia est
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Well thats good then. I'd still rather have it in my vanguard account than sitting on HR's balance sheet. But hey.
Khane
Got something right about marriage
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I had about 2 years worth of reserves until last month. I lent my parents almost all of it to save their business. My contract is up in February and they are planning on bringing me in full time but I was going to turn them down and offer to continue contracting (it's a lot more money) and if they said no it wasn't a big deal, I could ride it out until I found other contracting work. Now I don't know what I'm going to do. Having that cushion is honestly life altering.
Cad
scientia potentia est
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I think the biggest thing is it just gives you options. When life gives you opportunities, you need to be ready to pounce on them. That cushion gives you the option to say, fuck yes I'm going to buy that horrifically underpriced short sale and make a million dollars in appreciation in the next 5 years. Or buy that franchise or accounting business you've been looking at when the owners decide to dump it.
If you don't have the money you don't have the option. Nobody is saying you have to do this or that, but saving your cash and getting some assets gives you the ability to say yes.
Noodleface
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I don't know what you make, but lending $200k (let's pretend you make $100k) to my parents sounds just about the most awful thing ever. I mean, you're a good son, but $200k is a lot.
Cad
scientia potentia est
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I think I'd rather let their business fail and support them as they get jobs and live than outright loan them money. Sounds very risky both to coin and relationship.
Knowing Khane's criteria for committing to someone I'm not even going to read into what that implies