OPs ex may be Philando Castile. As in "Philandering"? |
You do not have a PhD from Harvard. She does. |
Investing it. Not spending 40k a year on travel and 15k on country club memberships. It is vapid. |
Exactly: what else I should be spending on ? And many people here don’t really understand that I am a working woman/small assets manager with 2 jobs! I am not sitting on dividends. They think it’s a sort of a windfall I’ve got from my divorce but it’s a living business with employees that I have . I have over 15 clients, contracts, repairs, taxes to take care of every single day. I work 9-5 at my main job and then 2-3 hrs visit the sites etc. Often I work on weekends. I am able to do complex jobs on properties myself, installation of security cameras for example (when contractors mess up). I know zoning rules, how thick should be party walls and what you can add to them etc. My friends who work 8-4 at Federal jobs work much less and always wonder how I manage everything on a totally “male” field! And if I get sick god forbid tomorrow, or a dimensia at 65, then I will be in big trouble. Which is why I still work at a 2nd job , pumping most of pre-tax income into serious retirement accounts at a max match level. |
It’s my choice to spend today as much as I want after maxing my retirement accounts. I have business big enough where I am not interested in growing it while I am single. It’s too much for me already to manage. Single people are more at risk not having anyone to look after them in retirement thus I want to enjoy my life while I an relatively young. 40k on travel is not whole lot: it’s 2 trips a year as one of the above posters said. One skiing one to Europe or a beach. If I remarry abd have a partner who’s in same business then I would grow it. |
Ok here: hi , go ahead tell me where I should be investing. I am open for your ideas. I personally couldn’t find anything better than CDs and waiting out for housing crash sitting on cash for the next 2 years. So please, tell me your secret stocks. I exited stocks in the fall |
I never needed one and there is no PhD for lawyers. There is an SJD but it’s for those who take academia route. |
The way you write sounds as though English is your second language. I’m picturing pampered Persian who inherited the real estate and was too bossy to your ex for him to stick around. Let me guess, he was “cheap” because he would sometimes complain about your lavish spending? |
It is if you are sufficiently attractive. Bear in mind that 350k is like a too 1% income so the pool is pretty small, and you are competing with women 10 years younger as well. But it sounds like you have a lot going for you as well. |
As I said above I am Eastern European. No financial differences with my exH. He collected art step by step. I am a generous person and so was he : my first spousal present to him was an audio system for house; his to me a grand piano. Financial success is not in being stringent, it’s about finding good opportunities (regulatory arbitrage usually) to be ahead of others on the market. He also had a principle “stringent pays twice”. If you hire a cheap contractor or buy a cheap shit you are likely to pay second time to fix errors/deficiencies |
Get over yourself |
My point is that you said that she didn’t have anything and married him when he had it all and that’s absolutely not the case and she’s from Eastern Europe so not everybody is money hungry and greedy like you are. |
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Op—I don’t get the negativity being thrown your way. Why is looking for equal considered negative? I think your real investment strategy sounds amazing and I’d love to have your knowledge. You are smart to balance self employment with a fed job with benefits; it’s the best of both worlds—high risk/high reward and security. Congrats to you for building your own portfolio and knowing what you want. As the saying goes “know your worth”—you know your worth both figuratively and financially. Kudos to you!
I don’t know what more people want you to invest your money in. You’ve done all the checkbox items—raised a kid who’s off the college. Now is your time. Are DCUM people really so conservative that they are going to invest their money until they die in order to pass it ALL onto their kids? It sounds like your son will inherit enough from you. You sound investment savvy and I suspect you would reduce travel if it was negatively impacting your family. So DCUM, OP has the investments which are generating enough income to support her lifestyle. What other investments are you recommending that she make? please be specific. Why should she not be spending her dividends on a lifestyle that makes her happy? Why is doing so wasteful? |
I am not money hungry or greedy . If I was that way, I wouldn’t be giving to charity, spending on travel with my son, buying high quality goods etc. I am still waiting to hear from the posters above what else I should invest into. |
Op here: exactly ! The whole point of getting the most from life is being able to afford things while you are still relatively young . I do continue investing in my 40s but not in same rate as in my 20-30s as I already built wealth that’s sufficient for me. It’s not anyone making all money you can make but about the right balance. Why would I be tight with money now, to invest into another project that would pay back in 15 years and get 5-10 years of travel, then give away all to my son or managers ? To be an extremely wealthy 60 yo? My grandma got dimensia at age 65. My son will get what I have already and it’s a hood start: he won’t be less privileged from inheriting 7 mm vs 10mm when I die. |