Search found 13 matches

by jory1804
Wed May 15, 2019 10:02 pm
Forum: Personal Investments
Topic: If you are already wealthy, what keeps you motivated?
Replies: 97
Views: 10438

Re: If you are already wealthy, what keeps you motivated?

- I generally like my work, even if my job demands I work harder than would be maximally enjoyable. - I have kids at home, so it's not like I could travel all the time if I retired. - My parents still work. I would feel odd retiring before they did. - I (hopefully) have many years left, during which...
by jory1804
Sat May 11, 2019 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 977
Views: 261388

Re: Share your net worth progression

I don't have detailed yearly records, but my general progression is: 2004: $100k (graduated from college, made some money while there) 2007: $200k (changed jobs) 2011: $1200k (got married, career has been pretty good) 2016: $7000k (career has been really good, the market has gone up) 2017: $9000k (...
by jory1804
Sun Apr 14, 2019 12:55 pm
Forum: Personal Investments
Topic: Savings by 30?
Replies: 45
Views: 5951

Re: Savings by 30?

I did not have an explicit savings goal, but I always lived below my means and was consciously trying to save rather than spend. For example, the year I turned 30, my housing cost was $2850/mo on 800k of income in a VHCOL area. That got my wife and I a 1 bedroom apartment. We could have spent more a...
by jory1804
Sat Dec 08, 2018 7:27 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 740
Views: 96139

Re: Post your Financial Milestone Announcements Here

My net worth recently crossed the 10M mark. Never thought I'd be saying that.

The day it happened, I treated myself to a new shower curtain. My current one had been getting cloudy, and it was time to replace.
by jory1804
Sat Sep 29, 2018 9:49 am
Forum: Personal Consumer Issues
Topic: NYC weekend house: your experiences?
Replies: 18
Views: 2925

Re: NYC weekend house: your experiences?

Thanks all for your thoughts. Given what I've read here, I'm now leaning against getting a weekend house. In particular, it sounds like it works best when one has family in the "weekend area," which we would not. Truth be told, it would also be hard for us to find the time that maintaining a second ...
by jory1804
Sun Sep 23, 2018 9:03 pm
Forum: Personal Consumer Issues
Topic: NYC weekend house: your experiences?
Replies: 18
Views: 2925

NYC weekend house: your experiences?

My wife and I live in Manhattan with two kids: ages 4 and 1. We're considering buying a weekend house somewhere near the city, perhaps in Westchester. The reason being to have somewhere quieter and with more space to go on the weekends. The kind of place we can go outside and ride a bike, kick aroun...
by jory1804
Tue Mar 06, 2018 8:54 pm
Forum: Personal Finance (Not Investing)
Topic: Trust advice for HNW couple with special needs child
Replies: 7
Views: 1283

Re: Trust advice for HNW couple with special needs child

Thanks everyone for your advice. I will indeed seek out professional help as you all suggested.
by jory1804
Mon Mar 05, 2018 8:41 pm
Forum: Personal Finance (Not Investing)
Topic: Trust advice for HNW couple with special needs child
Replies: 7
Views: 1283

Trust advice for HNW couple with special needs child

Hi folks, I'm hoping to get some advice on how to proceed with estate planning. Here is my situation: - Our net worth is high enough that when my wife and I pass on, our estate will likely be larger than the exemption. - I am considering whether we should start gifting our kids $15k/year in order to...
by jory1804
Wed Feb 14, 2018 10:52 pm
Forum: Personal Finance (Not Investing)
Topic: Number at which to stop worrying
Replies: 169
Views: 21294

Re: Number at which to stop worrying

I sympathize with the posters who say you never stop worrying. At age 35, I have 9M saved, and despite that cushion I still passively worry.

At my age, there is plenty of time for bad things to happen. If I were 70 with the same assets, I suspect I'd feel differently.
by jory1804
Thu Jan 04, 2018 9:23 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 977
Views: 261388

Re: Share your net worth progression

I don't have detailed yearly records, but my general progression is: 2004: $100k (graduated from college, made some money while there) 2007: $200k (changed jobs) 2011: $1200k (got married, career has been pretty good) 2016: $7000k (career has been really good, the market has gone up) 2017: $9000k (m...
by jory1804
Wed Aug 09, 2017 10:53 pm
Forum: Personal Finance (Not Investing)
Topic: I pay $6K in rent. Am I an idiot for not buying?
Replies: 76
Views: 14795

Re: I pay $6K in rent. Am I an idiot for not buying?

If it makes you feel better, my current rent is $12k/month. I'd say the absolute amount you pay in rent has nothing to do with whether you should rent or buy. In my case, if the place I rent for $12k would cost $10M to buy, for example, then renting is clearly the right move. So it needs to be consi...
by jory1804
Sun Mar 12, 2017 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Buy or keep renting in Manhattan?
Replies: 43
Views: 7279

Re: Buy or keep renting in Manhattan?

An update to this thread. Most of you recommended that I rent rather than buy, and I've indeed decided to continue renting. Originally, I thought I'd have trouble finding a large enough apartment to rent. As I looked through the rental listings, I came upon a 4 bedroom place in a good location (for ...
by jory1804
Sun Jan 01, 2017 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: Buy or keep renting in Manhattan?
Replies: 43
Views: 7279

Buy or keep renting in Manhattan?

I’m posting this under a second account – which the mods have approved of. Currently my wife and I are living in Manhattan, with one young child and another on the way. We’re in a 2 bedroom apartment, but with the family soon to grow, and with our first child getting bigger, we’ll need an apartment ...