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Post-FIRE / Re: What would it take for you to go back to work?
« Last post by Linda_Norway on Today at 01:14:20 AM »
I would try to work at my current job, as a consultant. Against good specialist prices. And only during period that I wouldn't want to be outside. But I really feel like I am wasting my life, sitting inside an office. So I would not do it full time at all.

An interesting job where I felt valued, working 1-5pm, M-F, November-March would be the dream! Heck, for that, they wouldn't even have to pay me much. I'm going to give some thought to what organizations might be able to use my skills on a seasonal basis - I suspect that it won't be many.

My DH has an old colleague who is a pensioner and works this way. Never in the summer and as little as he wants. He is also only working on projects and can skip the BS meetings. This man used to lead the department, but is now only working as a specialist.
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Throw Down the Gauntlet / Re: Only necessary clothes shopping 2018
« Last post by Linda_Norway on Today at 01:11:59 AM »
I hope it doesn't count that DH is at sick leave and is spending his time sewing a pair of trousers for me. It was his idea and he needs something to do.
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How dare you refer to a Tesla as a clown car!  For shame. Getting such a technological marvel with style and utility the Mustachian way (used and cheap given the original retail price)  is not a MPP.  And it made your hubby happy?  Bonus; rejoice by having the Tesla dance for you (there's an Easter Egg for this that's really cool - you can find out how on You-tube).

Indeed, a second hand Tesla that has driven 200.000 km is not a clown car. Teslas are the only electrical cars that can drive long distances on one charge. If your only car is an electrical one and you need to drive far, Tesla is the only practical option. Why aren't there made more options?

Buying a new, fancy type Tesla would perhaps have been a clown car.
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I do feel bad, because her financial situation isn't looking any better than it was back then... I'm fairly certain it's worse, and I'm sure her paying rent each month is a direct contributor to that.
No. Paying rent is not why her financial situation is worse. It's everything else she's spending on that she can't afford. Rent is a basic adult expense and she's getting a great deal. Otherwise, congrats on being firm with her and I hope it continues! Don't let that trip derail the progress.

Don't feel bad. You have taught her to behave responsibly, by prioritizing her rent before partying. Well done. Let's hope it lasts. But if it doesn't, kick her out immediately and get another renter. You are not supposed to spend your presciously earned money on sponsoring her lifestyle.
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Ask a Mustachian / Re: Weber Grills - Worth the Money?
« Last post by dragoncar on Today at 12:58:03 AM »
Weber Grills are worth the money but I would never buy a new one. Get the cheapest one you can find on Craigslist and then purchase the replacement parts for it from Weber to make it "like new" inside. This was actually my dads side gig for a little while. He would scan CL for down and out Weber grills. He would scrub them clean and then replace the parts he needed to in order to make it more desirable. He made 80-100$ profit on each one.

I have similar predicament,  I have their old charcoal kettle grill that came with apt that is rusted on the actual body a little bit.  I just bought all new cooking grates and charcoal grates but misssed seeing all the bits of rust on the body of kettle grill. Is that not safe to cook in?  considering the rust part is where the charcoal will be going?

Is it rusted through or just rusted?  Seems like it would still be safe, and you could even bolt a new plate of steel over the rusted spot


lol just a little reddish brown at the bottom base, where all the charcoal goes anyways..thanks for responding really appreciate the knowledge!  I asked around at work today too before seeing this respone and consensus was totally fine because its where charcoal goes, someone even suggested something I didn't hundred precent get but makes me think I'm safe to cook with.  Even looked at craigslist and people were selling more rusted webers than mine :)

Yeah the rust won't affect your food.  Unless you are cooking on a flammable surface (wooden deck, or dry grass) and there's a chance hot coals are gonna shoot out the bottom, I wouldn't worry about it.  Even when it rusts through it will probably drop bits of ash long before catastrophic failure
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Investor Alley / Re: When to move down payment $ out of Vanguard to cash?
« Last post by Surf on Today at 12:56:49 AM »
This is in the class of problems where you need to know what will happen in the future in order to make the best possible choice.

Since we don't know what the future will be, we simply cannot choose the best possible choice.

However, we can turn the question around 180 degrees and ask, "How can we avoid the worst possible choice?"

That's possible to do without knowing what the future will hold (assuming one can make a reasonable guess about it).

Make a list of options to choose from.  But instead of focusing on the best possible result, focus on the worst possible result.

Then, quite simply, don't do anything that will result in that choice.

If there are multiple results you don't want to live with, don't do anything that will result in those results either.

In a simple example, my choices are between:

1) Carry an umbrella with me when I take a walk.  The worst will be I have an awkward item to carry or I lose or break it.

2) Take a walk without an umbrella.   I will get wet if it rains, and possibly sick from that.

So, which result is the worst?   Pick the other option.  :)

+1 to using this decision making process to account for worst-case scenarios and proceeding from there.
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Hopefully I will be dead by then.

That can be arranged.  I know a guy
Scoff... I thought you mustashians were DIY types.

I recently sold a home in coastal SoCal but a couple of miles inland from the coast so not affected in any way. However every year during storms the beach areas are pretty severely eroded and it gets worse each year. Some beach communities built huge sand berms or rock walls every year in hopes of reducing flooding from the sea as well as erosion.  Throw in some earthquakes and wildfires and mudslides and extreme drought and Calif is just a swell place to live. Of course none of that seems to effect rapidly rising home values - especially in coastal areas where people are still happy to build multi-million dollar beach front homes even if there isn't much beach left.

The dollar per hour calculation on 25 to life precludes DIY... your time is WORTH something ya know?
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The entire marketplace is infected with a get-rich-quick mentality, mixed with a fairly unpleasant libertarian dislike of government, and the kind of thing that would be regarded as an absolute minimum standard in terms of business reporting is simply not bothered with.

This weekend I had some lenthly conversations with one of my friends who is an active crypto miner and "investor", and he made a pretty convincing case that cryptos are now played much like penny stocks.  He says no one views them as a serious investment.  They don't even attempt to deny the blatantly illegal pump and dump schemes that characterize the marketplace. 

All he see is a wildly fluctuating unregulated asset class rife with speculators, some of which are organized crime and some of which are clueless housewives, and he thinks there is money to be made (or potentially lost) playing the waves.  He doesn't have any illusions that cryptocurrency is going to supplant the USD.  He just thinks that, like penny stocks, this is a high-risk game in which you can 10x or 100x your investment in a matter of weeks, with a little bit of luck and slightly more knowledge than the average crypto investor (who has virtually nil).

From his perspective, this whole thing makes a lot more sense to me.  There is no future in it.  Of course it's a bubble.  It's 50% fraud and 50% pyramid scheme, and every serious investor should stay far far away.  But!  It's also a legitimate "get rich quick" scheme just like penny stocks are, if you can get in and out early on each artificially manipulated price wave, precisely because so many people are getting fleeced after buying into the hype.  HODL is for suckers.  Learn to watch the markets and time your exits, and there is real money to be made in the short term if you're morally flexible enough to embrace it.

It's difficult to determine whether the moral high-horsing, rampant condescension, egoic characterization of the "others" as disproportionately criminals, or splash of sexism is the most offensive.  Hmm.  Definitely the sexism.
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Why is is that every time cryptocurrency advocates reach for a real-world use case, they end up talking about Venezuela?

Oh, I remember: it's because it took the near-total collapse of civil society and the rule of law, combined with an economic meltdown that's virtually impossible for any country in the world without oil, to make bitcoin seem like an attractive option as a currency. And even then, trading volumes within Venezuela are running at about USD 5m a week, or about 0.1% of economic activity in Venezuela.

So you're saying that the failure of a state backed currency created a situation where the population is finding btc useful for both store of value against hyperinflation, and ability to make purchases that would be otherwise impossible.  I don't think we are in disagreement.

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But sure, keep telling yourself that cryptocurrency skeptical aren't educating themselves sufficiently on the big picture to make high quality decisions.

I'm skeptical, and I hope others are too. 

Your word choice indicates that you have mentally written off the entire crypto space and have a healthy amount of condescension for those who find potential in it.  That's okay.


I edited this like 30 times.  I'm putting way too much effort into this.  Here's my waste of an hour trying to explain my POV:


crypto raises difficult and sometimes painful ideas about the nature of money in general and how to handle potential future economic disasters.   This can interfere with people's ability to evaluate data effectively.

Maybe it's just a side effect of a career evaluating risk and assigning effective probabilities, but the idea of 0% and 100% are only theoretical concepts to me when dealing with such complex entities as economies and currencies.  Statements such as "the stock market always goes up" or "crypto is guaranteed to fail" have no semantic content as they are mathematically indefensible.

Low probability events such as a global impact of transformative fintech like btc, or a major economic depression / debt bubble pop of a major country can have tremendous consequences.  It behooves us to try and accurately assess those small differences and use the data we have available to plan for those low probability events in some fashion.

Preparedness does not guarantee solvency.  But head-in-the-sand approaches maximize failure rates when faced with large scale outlier events.

BTC is asymmetrical risk coupled with a potential hedge/recourse against negative outlier events. 

Arguments such as Bill Gates says it's bad! and Exchanges got hacked! utterly miss the big picture.  There's a long line of talking heads decrying it, and others exhorting it. They're all speculating about future scenarios through the filter of their own biases.

Exchanges have been hacked - this indicates regulation is needed, and is the same problem JP Morgan faced when it got hacked.  It's an argument that blockchain has a valid use case, that centralized financial entities are disproportionately vulnerable.

I'm going to keep socking my retirement money into VTSAX.  I read JCollin's stuff, it's great.  I also read many anti-stock market analyses as well.  I have no illusions about 100% success rates, but it's a good bet and tax incentives are robust, it's the best way to play the game.  I am also doing my best to be prepared in the event that the rules of the game change, that another game(btc) turns out to be more profitable, or the game breaks altogether.
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Off Topic / Re: Talking To Flat Earth Friends
« Last post by lost_in_the_endless_aisle on Today at 12:41:48 AM »
Do flat earthers believe the moon is flat?
The moon is a sphere and is somewhat larger than the sun (up to 70 miles in diameter). Or the moon is flat. Or the moon is a hologram projected onto chemtrails. Similar to the sun, the moon circles above the flat Earth. There are still many things uncertain about the moon, but what's most important is that you keep an open mind about it. An open mind means that you definitely believe that the Earth is not a sphere, because how can water bend and stay stuck to a globe spinning at over 1000 miles at the equator? Gravity is a NASA myth and the reason things fall is due to the effects of density and buoyancy. You can't prove gravity. You can't prove that the Earth is moving.
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