Finance: Difference between revisions
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This is going to be really hard and take a ton of work! Make it enjoyable work. | This is going to be really hard and take a ton of work! Make it enjoyable work. | ||
2025: This Will Be Hard | |||
# Reduce Spending to $5k/month | |||
# Stabilize 2h/day Sophos | |||
2026: This Will Be Hard | |||
# Housemate (all rental income into emergency fund, then new house fund) | |||
# Earn next level at Sophos FinOps | |||
2027: This Will Be Hard | |||
# Pursue Speaking Opps | |||
# Reporting Services for ppl like Dr Girnita, soft-automated | |||
Financial Goals: | |||
$100K Emergency Fund. $3K/month for 2026-2028. | |||
Then, buy houses. Be a good landlord. This is hard, but worth it. | |||
=Emergency LOC= | =Emergency LOC= | ||
Latest revision as of 00:47, 3 October 2025
Really Hard Goal: $5 Million By 65
This is going to be really hard and take a ton of work! Make it enjoyable work.
2025: This Will Be Hard
- Reduce Spending to $5k/month
- Stabilize 2h/day Sophos
2026: This Will Be Hard
- Housemate (all rental income into emergency fund, then new house fund)
- Earn next level at Sophos FinOps
2027: This Will Be Hard
- Pursue Speaking Opps
- Reporting Services for ppl like Dr Girnita, soft-automated
Financial Goals: $100K Emergency Fund. $3K/month for 2026-2028. Then, buy houses. Be a good landlord. This is hard, but worth it.
Emergency LOC
- Interest rates for LOCs are almost always variable and vary widely from one lender to another.
- LOCs do not provide the same regulatory protection as credit cards. Penalties for late payments and going over the LOC limit can be severe.
- An open LOC can invite overspending, leading to an inability to make payments.