Fuzzy math? Mixing stock and flow it seems? Income is taxed only one time, in the year you earn it. Annualized return is money growing year after year with you doing nothing.
Also what if your income is actually higher in CA vs TX? On top of that you also know more upward mobile people like folks on this forum? How much is that network worth?
Property taxes are collected and spent locally. There is lot of local supervision. Income taxes are collected from everyone and go to states general fund and then misspent. Sorry. you need to understand the flow of tax money.
Generally though, said Butchovich, areas with good links to a city’s central business district and close proximity to parks and schools tend to be good bets.
Everyone in this forum knew this. We refer to CBD as job centre because SV is not CBD
“For any property decision, you should be looking at a minimum of five years I would say … and ideally more like 10,” said Butchovich.
Wondering, why not just put in index fund. Less hassle.
they are set to inherit $60trillion to $100 trillion from their parents. Many are already being helped with tuition and housing down payments. Boomers currently have $68 trillion in assets. The number will keep growing. Millennials might want to start learning how to kiss ass.
As of January 2020, when CNBC Make It reviewed his finances, he’s worth about $1.3 million, he says. He expects to hit $3 million in the next two to four years and $10 million by the time he’s 50.
Don’t just form relationships with people you see and work with every day, says Julien: “I was always making sure I had a network outside of my immediate department.” By talking to people other than his team, he gained a broader understanding of what was going on in the company and how he could help contribute to its larger mission.
How do you do that if you work 100% remote phoning it in from Kansas? Randomly cold call people on corporate directory?
Firing these guys immediately. Not 100% committed. Using company paid time for personal gain. Constantly maximizing their pay. Anyhoo, what so great about 6 figures. Tell me story of 9 figures
Company is not charity. They pay these people more because they create more value for the business. Maximizing pay is just another way saying maximizing one’s contribution to the business.
I’d be more worried about employees who are stagnant and not trying to advance. They’ll become obsolete. In my experience, they are the most difficult to manage. They have no motivation to perform and advance, so their goal is to do the bare minimum.
It’s the old story of 2 execs talking about investing in training to keep employees current and productive. One says, “what if our people get the training then leave for a higher paying job?“ The other replies, “what if we don’t train them and they stay?”
It’s almost always more expensive to go out and hire new than it is to train your existing employees.