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Archive for July, 2017

Ask and ye shall get

August 1st, 2017 at 03:07 am

Or in my case, do nothing...? Today, I managed to land a side gig in the oddest situation, have my boss offered it to me.

Turned out owner's daughter is starting a business and since daddy already has a fully staffed business with all the necessary departments, she thought to make use of it. There are just a few problems. First, we follow a different set of rules where all expenses are heavily scrutinized regardless of how immaterial they are. So no help there.

Second, after consulting with our VP and a couple of managers she threw up her hands and do not want to talk to them any longer because the subject just went right over her head.

The owner ended up recommending me to set up her books for her, on the side, with pay, and left it up to the VP to persuade me to do it by pushing the idea of how it would be a great jump start to having my own business someday.

So yeah, a very, very odd day.

A 401k adventure

July 24th, 2017 at 10:29 pm

For the financial voyeurs out there Stick Out Tongue I was comparing year to year returns and thought this looks interesting.

2012 - Salary was 34k at the time and contribution was about 10%. I bought my house around July, so it was a stretch to save this much. For all that effort, the return was pathetic.



2013 - Getting a little better




2014 - Ouch



2015 - OMG WTF.....



2016 - Recovery, whewww!



2017 - So far so good



And that's that. Nothing really exciting, but the final numbers are nice to look at.

Long break

July 23rd, 2017 at 07:56 pm

It'd been a while. I'm surprise there are still page views on here Smile

Let see, a bit of update on finance. Still hanging on at my job. Since the last job scare, I was promoted to a senior position, lol, with an increase in salary to 54k and flex work hours. I've moved from the lowest paid to the second lowest paid, while being among the most valuable. Ah well, good thing money isn't everything to me.

The downturn is real and if there is no turnaround in the next 6 months to a year, there will definitely be cuts in my department. I'm in a pretty good position, staying or going, so this doesn't really faze me.

Networth is a bit higher expected due to skyhigh stock market and real estate appreciation.

Home equity - 115
Investments - 170

Not bad at 35, no? I did have to move my retirement marker from 46 with 600k and a paid off home, to 50 with anywhere from 600k to 1M and a paid off home.

Also managed to increase my 401k contribution to 30%. Add in the bonus I got a couple months ago, I should be able to max my 401k this year. Yay!