Fox's Journey: And Onto the Sunlight!

Where are you and where are you going?
TopHatFox
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Location: FL; 25

Re: Fox's Journey: And Onto the Sunlight!

Post by TopHatFox »

UPDATE FEB 2020

Education

Done with MPA this April. Also applied to a 30-credit MS in geosciences and a re-up to the fellowship that would pay for it and give me 15k. It’d be a good way to upgrade my geo undergrad and give me more options for working at state or national park, either as an admin or geologist (who speaks four languages lol).

Career

An AC friend roped me into building a startup with them, so I’m doing that. He got a few wealthy alums a to give him 100k for us to start something, so we’re starting something.

Another AC friend got me back into finance, except this time as a remote financial advisor selling insurance & mutual funds to middle class people, which is arguably much easier than high net worth financial advising (where they expect you to be perfect all the time). I do end up giving financial advise to friends, colleagues, and family anyway, so what the hell. The biggest selling point here is that it lets me use multiple rare skill sets remotely. I think theanimal is doing this too, so there’s that.

I need to ramp up my applying for state and national park roles in UT and CO part of the plan, but I also need to finish my 6 classes and screw around with the gf. :lol:

Romance

Things with thin Blondie gf are going well. Lots of (consensual) fun rope stuff. :p Also still practicing day game since we’re still open and it’s an entertaining hobby. Bars and clubs suck, grocery stores, cafés, and other public venues is where it’s at. Still, I’m only going up to the pretty ones that look for a while and maybe even smile.

Parents

I convinced one of my parents to trade in their leased SUV for a used reliable brand and model car. Now I just need to find such a car on CL and finish watching how-to-buy-a-used-car videos on CL. This parent is super on board the finance train.

My other parent bought a 30k new van and doesn’t want to change it for a used reliable van ever, so that sucks. This parent is passive aside from this massive chunk of $.

Parents still have 160k in the mortgage and a 50k annual income, so I feel like they should be able to pay this shit off in a few years. One parent is trying super hard to finish learning English and study some practical 2 year program that leads to a better income/quality of life. The other is pretty much done with work/trying and wants to do their current job until they can draw SS in a few years.

They both paid 6k together in federal income tax in 2019, so I should be able to get them most of that back by them filling both their IRAs. We have one tenant spot (of two) filled upstairs, so that’s ~7k/yr coming in. But we also only have a max of three car spots, and they’re all taken by parents’ cars and tenant’s car.

My only question is this: how can they both reduce their federal income tax and pay off their mortgage as fast as possible? If they put 10-15k in an IRA, yes that’s money that reduces their taxable income, but that’s also money they could’ve put to the principle on their mortgage.

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Stahlmann
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Re: Fox's Journey: And Onto the Sunlight!

Post by Stahlmann »

hmmm
so how ur parents arrived in usa?
link to the psot will be sufficient

2Birds1Stone
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Re: Fox's Journey: And Onto the Sunlight!

Post by 2Birds1Stone »

At $50k/yr in income, a married couple pays almost no Federal income tax.

TopHatFox
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Joined: Thu Oct 17, 2013 10:07 pm
Location: FL; 25

Re: Fox's Journey: And Onto the Sunlight!

Post by TopHatFox »

Isn’t it 50k - standard married deduction of 24.4k =

25.6k of taxable income?

That’s still a few thousand bucks if they don’t also fill their IRAs, an HSA, part of their 401k, or deduct business expenses...unless if there’s a mortgage deduction I’m missing or something?

theanimal
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Re: Fox's Journey: And Onto the Sunlight!

Post by theanimal »

They have already paid some taxes through their wages. I'd be very surprised if that number is greater than the 12% tax rate they'd be paying on the taxable income. Meaning they will likely be getting a refund.



Also, I work in insurance but I do not sell it. Congrats on the position.

TopHatFox
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Joined: Thu Oct 17, 2013 10:07 pm
Location: FL; 25

Re: Fox's Journey: And Onto the Sunlight!

Post by TopHatFox »

So I went to the geology department today and it looked pretty good. Looks like I'm likely to be accepted, with funding, and they'll take some of my MPA credits. It’s accredited too. The biggest PITA will be a thesis if I choose to do one, and finding a thesis advisor.

I also went to a career fair and met with representations from the US Dept of Ag, US Geo Society, NOAA, the NSF, and Fish and Wildlife. They really like geologists, and I can definitely see myself working with them. They also like public administrators. I'd imagine the MPA + MS will be a good combo, so at least the MPA wasn't a total waste of time. In any case, it'll probably take quite a while to do an MS in geo if I were to move to another state--especially with out of state tuition--so this perhaps this is the time to do it. I also have a gf now and a fwb or two, so that's much better. Finally, I moved my room to one room of my parent's rental, so at least that helps me pretend I’m an adult. lol.

I’m in the market for a nice manual crank standing and two 27” monitors. Maybe a mic also. Good for ramping up the financial advice business and work in general.

Two other issues I have are:

1. We have no more car spaces in our HOA, and I'd like a used Corolla, just dunno where to park it.
2. I'd like to have a geo job through the MS in Geo, so maybe I can apply to work a job through then

TopHatFox
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Joined: Thu Oct 17, 2013 10:07 pm
Location: FL; 25

Re: Fox's Journey: And Onto the Sunlight!

Post by TopHatFox »

MAY 2020

MPA: Done. 3.8 GPA, did it in 8 months, funded with stipend. I think the degree (and frankly most degrees) is bullshit and may not really hold much professional weight since it's not necessarily an in-demand, difficult skill, but at least I can now move on to something else and I have *a* masters.

Geology MS + License: Got accepted to the MS in Geosciences program. I find out about if my grad school funding will be extended to pay for all of my classes + a stipend in two weeks or so. Also found an ASBOG national certification for geology that I can study and take the test for in Oct 2020.

Geology Experience: Sent out e-mails to geology alumni all over the Mountain States and in FL. Got some promising leads, some of which may only require a BA in Geo and whatever-MS.

Girlfriend: Going well, though now it's monogamous, so that's been interesting. I think this might be my first monogamous relationship ever lol. Not sure how I feel about monogamy, but for now it's good. Relationship might be an issue if I need to bail out west, but maybe she'd want to come. We'll see. Still don't want kids or marriage.

Parents: Replaced mom's car from a lease to an owned, cheaper, more reliable model. Learned how to get a used car, fix it, and maintain it. Now need to sell dad's car probably at a loss, and get him a fully-owned, cheaper, more reliable model.

Home Repair: Need to learn more about buying a used home and home repair. This along with car knowledge is indispensable.

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Stahlmann
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Re: Fox's Journey: And Onto the Sunlight!

Post by Stahlmann »

if you weren't able to sustain daily 12h work in (let's say) comfy settings in NYC (possibilities to enjoy materialism after work, a lot people to date after hours), why are interested in living in container somewhere in the middle of nowhere with limited number of people for extended periods of time?

I'm genuinely curious to know your reasoning behind your current strategy. Maybe I'm missing something.

TopHatFox
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Re: Fox's Journey: And Onto the Sunlight!

Post by TopHatFox »

Geology is skilled labor, and a STEM field. It is in-demand, pays well, has varied work settings, and has varied work schedules. Apparently most of the work is in Hydrogeology/Environmental Geology, Oil/gas, and mining. But there are plenty of these firms or government agencies throughout CO or UT. I’m sure it’s a job at the end of the day, but it’s much better than generic-office worker or over-saturated MS-level counselor.

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Stahlmann
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Re: Fox's Journey: And Onto the Sunlight!

Post by Stahlmann »

C40 wrote:
Wed May 01, 2019 2:39 pm
+1 on this. I'd include this in the 3 or 5 most important skills at work (along with being like-able and doing good work)
u wrote a bigger portion of such pieces of advice somewhere in topics of THF.
where is it? searching post of you + "boss" doesn't provide my much meat.
if somebody found this, pls share.

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C40
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Re: Fox's Journey: And Onto the Sunlight!

Post by C40 »

Stahlmann wrote:
Mon May 25, 2020 4:31 am
u wrote a bigger portion of such pieces of advice somewhere in topics of THF.
where is it? searching post of you + "boss" doesn't provide my much meat.
if somebody found this, pls share.
umm, I don't know. It could be in threads made by other people... but If you're sure it's in one of THF's topics, have you searched through his work-related threads?

theanimal
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Re: Fox's Journey: And Onto the Sunlight!

Post by theanimal »

What’s going on Mr. Fox?

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Stahlmann
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Re: Fox's Journey: And Onto the Sunlight!

Post by Stahlmann »

it seems he hacked his personality to stop asking questions online and started living without us :lol:

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Stahlmann
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Re: Fox's Journey: And Onto the Sunlight!

Post by Stahlmann »

In the vein of the topic - I'm looking for some accounts of disenchantment millennials with their 9-5 who overcame this state.

Yea, monkey see, monkey does.

I was smarter than hooping new job every 6 months, but now being at large I feel lost.

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