Fox's Journey: Out of the Burrow

Where are you and where are you going?
Dunkelheit
Posts: 23
Joined: Sat Nov 28, 2015 4:24 pm

Re: Zalo's Journey

Post by Dunkelheit » Mon Jul 17, 2017 4:14 am

Olaz wrote:
Sun Jul 16, 2017 2:10 pm
Dunkelheit wrote:
Tue Jul 04, 2017 4:55 am
Awesome journal, Zalo!

Could you recommend some of those documentaries and podcasts you mention about investing, diet, well-being, ...?

Good luck on your new life! I'm looking forward to read new updates.

Thanks,
Dunkelheit
RadicalPersonalFinance is by far by favorite. I also like GoodFortune, a Stoic podcast. The Survivalist Poscast is interesting too.

For documentaries, I pick and choose them on Netflix.
Thank Olaz! Good luck tomorrow!! ;)

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jennypenny
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Location: Stepford USA

Re: Zalo's Journey

Post by jennypenny » Mon Jul 17, 2017 5:05 am

Good luck Zalo!

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Viktor K
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Joined: Sat Jul 30, 2016 9:45 pm
Location: China

Re: Zalo's Journey

Post by Viktor K » Mon Jul 17, 2017 5:37 am

Good luck from China :)

Dunkelheit
Posts: 23
Joined: Sat Nov 28, 2015 4:24 pm

Re: Zalo's Journey

Post by Dunkelheit » Wed Jul 19, 2017 3:29 am

Hi Olaz! How was your first day?

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BRUTE
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Re: Zalo's Journey

Post by BRUTE » Wed Jul 19, 2017 10:17 am

yea, seriously, how can Olaz leave humans and brute hanging like this?

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C40
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Re: Zalo's Journey

Post by C40 » Wed Jul 19, 2017 11:54 am

Olaz is in the machine now. busy busy busy, a little gear turning in millions of circles.

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TopHatFox
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Location: NY; 23

Re: Zalo's Journey

Post by TopHatFox » Wed Jul 19, 2017 6:21 pm

Haha, it was great! Everyone is superbly friendly, good-looking, and ridiculously smart! A handpicked bunch indeed. Most of the Office is twenty somethings, with upper management being middle-aged. Day went in a blur. Got sushi for lunch with the Co-owner of the firm. After 6, we all played softball as a team and went to dinner. I successfully bat 3 out of 3 times! Not bad for the first time playing. They accommodated my WFPB diet, so fruit smoothy points for that.

An entire week has gone by very very quickly. I've been learning tons about financial planning software, client etiquette, portfolio strategy, etc. Also figuring out how to best optimIze commuter benefits, company offered insurance, an FSA, etc. Navigating the workplace social scene will take a manual or two lol.

I definitely feel like I'm in the middle class machine now! What with taxes and living expenses higher than 7K/yr, I am strongly feeling the urge to increase my income and decrease recurring expenses as much as possible.

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Dragline
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Re: Zalo's Journey

Post by Dragline » Wed Jul 19, 2017 7:30 pm

Glad you are enjoying it so far.

If you can avoid lifestyle creep, almost everything else will take care of itself.

Scott 2
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Joined: Sun Feb 12, 2012 10:34 pm

Re: Zalo's Journey

Post by Scott 2 » Thu Jul 20, 2017 10:33 pm

I agree, glad the company is a fit so far. The people you work with and for make the experience.

I'm definitely a little jealous of your opportunity to learn about finance from professionals in the field.

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TopHatFox
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Location: NY; 23

Re: Zalo's Journey

Post by TopHatFox » Sat Jul 29, 2017 10:12 am

LATE JULY 2017

----------------------------

Career: I'm officially 2 weeks in. The routine is kicking in. Time passes quickly. I get in the Office at 8:30, and it is 1:00 PM in an instant. Then it's 6:30. Go home. Re-heat dinner. Eat. Skype a friend, go for a walk, listen to an audio book, or watch a documentary. I'm in bed by 10, and I wake up at 7 the next morning to do it again. If I were to actually do the math, most of my week is either spent preparing for work or at work. I leave home at 7 and get home at 7. That's 12 hours, not 8. Time on the weekend is also spent preparing for the week. For example, doing laundry, ironing clothes, grocery shopping, cooking for the week, making lists of things I need, and getting those things.

Career Development: I"m considering starting the process of getting the CAIA and CFP designation. I'm also considering some kind of part-time gig on the weekends. Probably something outside to counteract the sedentary Office. On that note, I'd like to ask the upper management for a standing desk. Not sure if some amount of seniority is needed to make such requests. Some of the other staff at the Office have them. An under-desk treadmill would be nice too.

Relationships: RB in Hartford and I split whatever could've been. It looks like she fell head over heels monogamy-style with her primary partner as soon as he left to work on a cruise ship for 6 months. Thankfully I'm not much for long distance nowadays. I also really don't like one-sided connections. I am becoming much better at identifying when a connection is one-sided and at being able to let go. Yesterday I went on a date with a trans woman, C. It was lovely. She likes hiking, has piloted plains before, and knows some stuff about finance. Had ramen and watched Wonder Woman. Then went on a late evening walk through a nature-y bike path and kissed below an underpass. Ah, the 'burbs. : )

Loose Ends: It's been nice to put college behind me and start a new life in "urbia" and near NYC. Back in Amherst, one of my old roommates owes me $700. This is since June. I'm unlikely to go through the hassle of hiring a collection company or filing a small claim in court. It does make me feel relieved that this amount does not affect my life very much. A reminder of the power of wealth.

Taxes: Taxes are depressing. lol. I haven't gotten my first paycheck yet, but I learned at work that FICA taxes are 7% alone. This isn't even counting NY State taxes or Federal Income tax. No Local tax thankfully. Sadly I won't have a SIMPLE IRA until year 2. I do have my own IRA.

Other New Costs: I have switched over to Airvoice's $20/mo plan. It has unlimited calling and texting, and 100 MB of data/mo. This makes more sense since before I would run through the $10 prepaid plan and have to get more anyway. Groceries and the occasional eating out is coming out to about $200/mo. I'd like to get it down to $100/mo. A few people at work bring lunch in Tupperware to work. No one really eats out for lunch unless if they're invited by upper staff on the company's dime. I think I should start bringing in my own lunch.Train transport into the city can add up quickly, $110 this month. I think this cost will decrease now that I only have weekends off. My daily work commute costs $0. Rent is $700/mo. I will consider seeking a new place in Jan/Dec when the renting market is depressed. Either that or moving in with a partner into a 1 BR. I've bought some household items too. I think these will decrease as I settle in.

Orthodontia/Orthognathic Surgery:
Seeing a great local orthodontist next week. Will send their Office the health and dental insurance offered by my firm. I have no idea what the cost will come out to yet. I do know I"d be wearing braces for a year and then taking around 2-4 weeks off to heal after the surgery. Vacation time well-spent? lol

----------------------------

Recurring costs/mo:

$700 Rent/Utilities
$200 Groceries/Eating Out
$100 Public Transport/Household Items
$20 Phone
$4 Gym (work)
$0 Health, Life, Disability, (work)


Expenses: $1024/month, or $12,288

Recurring income/mo:

$4666.00 gross, don't know net yet

----------------------------

Networth: 56K

Felipe
Posts: 352
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Re: Zalo's Journey

Post by Felipe » Sat Jul 29, 2017 12:43 pm

Congrats on the wealth and love, Olaz. Sounds like you're kicking ass and well aware of the next steps for optimization.

Fica is 7.65%
State is probably 5-10%
Federal will almost certainly be 5-28%
I think a third total is a good base guess of what the tax organizations will take. But you have Hsa, trad ira, loss harvesting, and other way to lower your burden.

Have you calculated how much you earn per hour ymoyl style?

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TopHatFox
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Location: NY; 23

Re: Zalo's Journey

Post by TopHatFox » Sun Jul 30, 2017 6:27 pm

I haven't yet! But that sounds useful. The ultimate goal being to reduce the hours of prep between work and not-work.

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