>I'm voting for people that are in favor of increasing the minimum wage.

I was going to look for a better job, but now I like your idea better.

>I’m not earning minimum wage, fortunately. I should probably reword my post a bit.

Practically no one earns the Federal Minimum Wage; not sure why you even mentioned it, other than for dramatic effect.

Yes, there is a significant tax penalty for selling a house you've owned for less than 2 years. This penalty happens because you will have to pay capital gains taxes on any profits from the sale of the property, even if it was your primary residence. Here are the implications if you sell your home too soon.

The penalty for selling a house before living in it for 2 years is that you won't qualify for the capital gains tax exemption, and you will have to pay a capital gains tax on any profit. If you've owned the home for over 1 year, but under 2 you'll pay long-term capital gains, while if you've owned it for less than one year, you'll pay short-term capital gains taxes.

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Thanks bot.

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I’m not sure how they are either. We make 135k a year and have 2 kids and we are drowning latly. Our mortgage was $1.6k a month when we bought 3 years ago and reasonable but now it’s going up to $2.1k a month because taxes and insurance increased so much over the last 3 years(hoping the market tanks so we can lower the taxes back down🤔). Our utilities have gone up $150 a month with no increase in usage. Food cost are up about $200 more a month. My husband only gotten a 3% raise each year but health insurance increases have pretty much eaten all his raises since they somehow always go up about the same amount as his raise. Like how is anyone surviving anymore on less then 100k. We don’t even have any debt besides the house.

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Typical mortgage in Japan is 35 years. Those 50+ year mortgages are few and far between here - reserved for special situations.

And the banks here require a term life insurance plan paid up front to secure the mortgage too if you die before paying it off. Japan banks have zero risk tolerance.

Buddy of mine does wfh, and as soon as he's done work, he jumps in his car to gtfo of the house for an hour to reset mentally.

Psychology of Money - Morgan Housel. One of the best

Thank you so much, I do plan to max it out. This is my first time having a bonus, its a target of 30% but subject to end of year reviews so should I calculate the bonus into my total salary when setting the 401K percentage? Or do you think you would just calculate it on the base salary?

Financially worth it, commute isn’t insane if you don’t mind driving.

have a budget, no extra spending, 2nd job, cut out unnecessary services/trip/purchase which will take some self-control, last option is to move to other part of country that is low cost of living!

Unless the fees are high or fund options terrible leave it as is for now. Rolling into your next 401k may be better, especially if you ever need to make backdoor Roth contributions.

Yeah. It seems that I was too sloppy when calculating APR %)

Seen this one come up a few times. Definitely going on my list

Worry about the things you can control not about what you cant. They need to acquire some sort of skill that will demand a higher wage. This will help you in inflationary times and recessions. I have lived in Houston all my life, and there are plenty ENTRY level retail and hospitality jobs that pay way above minimum wage. I know this because I help my dad apply to Walmart to stock shelves, and has zero skills. He does not do well with technology, speaks broken English, has trouble reading it, and, worst of all does not work well with people making 16/hr. There is no reason to take a minimum-wage job ; make the businesses compete.

Read this article by Bloomberg where they take the top 10 cities where 100k takes you the furthest and texas cities were 7 out of the 10 cities, Houston being 6th in America.

1. Memphis, TN
2. El Passo, TX
3. Oklahoma City, OK
4. Corpus Christi, TX
5. Lubbock, TX
6. HOUSTON, TX
7. San Antonio, Fort Worth , Arlington TX (Tie)
8. St. Louis, MO

Let me add this. I think wfh jobs aren't a great idea early in your career. Your entire career trajectory is based on relationships. Those relationships are hard to build remote. Take the job. Suck up the commute. I also advocate for moving out. Get roommates. Again, relationships.

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I feel like it never stops. We are in Kansas City,mo and our utilities were already high before covid and now they are sky high. We pay on average $125 a month for water/sewer($350 in summer when watering🤦‍♀️), $200 on electric and $150 on gas(those both are on balanced billing). So at this point my utilities are around $500 a month! When only 3 years ago it was around $350(still stupid high in my opinion but doable). We don’t use any more either so fucking ridiculous.

I recently reduced my commute from 40 min each way to 10 min each way. It’s better, but occasionally I miss the commute. On rough days I find myself coming home “hot” if you will. The commute was a nice time to wind down, zone out, and listen to some good music or podcasts.

I would say the commute is worth it for that pay increase.

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Using the PMT function in MS Excel, it looks like your interest rate on that €250,000 is less than 3% APR.

If you mean the loan is €250,000-27,000 = 223,000 then your interest rate is more like 3.65%.

Both are actually really good deals right now, but you have to understand how prepayment would work.

To really answer the $$$ question the OP would need to determine the vehicle costs of the commute.

23 miles X 2 ways X number of days per week X 50 weeks. Then divide the total “work” miles by the mpg that the car gets.

Then add in a few extra oil changes and then about 33% of the cost of a new set of tires per year.

Then you’ll REALLY know if that commute actually makes financial sense.

Lastly, you’d need to factor in the additional 1-1/2 per day you’d be driving.