The Next 10 Years

I’ve been doing a lot of thinking about the next 2 years, up until turning 30, but I haven’t seriously thought out the next 10 years (other than I want to get married, buy a house, and have three kids.) I spent a few minutes thinking through what I really want over the next 10 years, and find it fascinating how I see myself, once having kids, significantly cutting back my work hours to spend time with my family. I still want to work, and possibly even work full time, but I cannot imagine working a job earning six-figures when I have kids. I think I’ll want to work 40 hrs/week max at that point, and ideally consult so I can work from home and spend time with my family.

What makes me nervous is that with this plan I only have $525k in networth by 38, and that’s if everything goes as planned where I can continue saving $50k per year until I have my first kid. This all freaks me out quite a bit, I wish there was a way to get to $500k before I get married and have kids!

 

Age 28. — 2012
$200k networth. Earn $100k+ for the year, save $50k.


Age 29. — 2013
$250k networth. Earn $110k+ for the year. Get married, move into 1br w/ bf.


Age 30. — 2014
$300k networth. Earn $120k+ for the year. Start trying to have my first kid.


Age 31. — 2015
$350k networth. Earn $130k+ for the year. Have my first kid.


Age 32. — 2016
$375k networth. Earn $50k for the year. Take time off to be with kid?


Age 33. — 2017
$400k networth. Earn $50k for the year. Consult.


Age 34. — 2018
$425k networth. Earn $50k for the year. Second kid.


Age 35. — 2019
$450k networth. Earn $50k for the year. Consult.


Age 36. — 2020
$475k networth. Earn $50k for the year. Third kid.


Age 37. — 2021
$500k networth. Earn $50k for the year. Buy a house?

Age 38. — 2022
$525k networth. Earn $50k for the year. Consult.

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Selling GLD *Before* My Profits Are Too High

I’m not a day trader, or even a month trader. But I’ve started to realize if I want my portfolio to have any serious upside, I need to rebalance every now and again. I’ve sold off most of my cleantech investments including PBD, ENOC, and COMV, and put that money into a mix of large-cap tech companies (AAPL, CSCO), international funds (HAO, EWZ, EDIV), and food (MCD, CBOU, SBUX, WFM.)

Up until today, I’ve only sold small cap losses that seem to be destined for failure or, at best, growth after years of retreating even further, while that money could be in a large-cap dividend stock earning income. Today, however, I decided to sell one ETF where I have turned a profit.

So long GLD, at least from my taxable account. After making an early $500 investment in GLD I found out that gold, even in an ETF, is taxed at a collectors rate. That means 28% capital gains tax. Instead of letting my $500 sit in my taxable account (it is at about $900 now) I’ve decided to sell the 5 shares and move my investments into other funds that belong in my taxable accounts. And after today’s AAPL earnings news, I’m tempted to put the $900 into purchasing two more shares of the company that made the computer I’m currently writing on and the phone I’ll be making calls on in a few minutes. I only own 70-some odd shares of AAPL stock, my goal is to get to 100 shares before the company hits $500 a share. Since AAPL doesn’t pay dividends, this is the perfect company to hold in my taxable accounts.

Meanwhile, I invest regularly in GLD in my Roth IRA account. It seems GLD is fairly expensive right now (afterall, I nearly doubled my initial investment from just a few years ago) so I might hold on aggressively investing in it. My Roth account is my “play” account, since I can only put $5k in it per year. I put that mostly into high-dividend ETFs and rebalance by adding more funds in new sectors the following year. For instance, this year I’ve already invested about $2k into XLE (oil) and XRT (retail companies) as well as GLD. I only have $3k left for my Roth this year, but I plan to start contributing to my 401k (no match) soon, and trying to max that out this year. I’m hoping for a significant raise, which in the ideal world will be enough to cover maxing out my 401k without noticing those contributions too much, but I’m not sure yet if that’s actually going to happen. Fingers crossed.

In the meantime, I have $900 liquid that I can invest somewhere. Oh goody. I think it’s pretty crazy that I currently have $149339.25 in my investment accounts right now, not counting about $10k liquid (though taxes are going to eat some of that up I think.) Even though $150k doesn’t seem like a lot of money, I’m proud that in the last 6 years since I’ve graduated college I’ve been able to go from $5k in savings to over $160k. Still pushing for that $200k this year — if the economy decides to recover and I manage a sizable raise it will help lift me up there, otherwise I’ll probably end up at $180k for the year. Really would like to see that happen, I’m so set on entering my 30s with $250k in the bank, I’ll be pretty peeved at myself if I don’t make that goal.

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Relationship & Life Next Steps: Moving in Together

I’m 28 and this March my boyfriend of 6+ years will turn 30. Even though I’m quite content with my current arrangement — living with two roommates and paying $650 a month in rent, while my bf lives at home in the back of his grandparents/mothers house.

But I’m also wondering, what’s next?

I’m ready to take the next step and move in with my boyfriend, and he’s ready to move in with me, minus the logistics. My rent situation right now is financially smart, and he’s not even paying rent (which works since he’s working PT and quitting soon.)

Looking at our options:

Stay in our current situation until we get married: Rent will stay $650 / month for a while, my landlord rarely increases rent and I just had a $15 / mo increase. Probably the smartest move. We’ll move in together in 2013/2014 after we get married.

Rent a 1br Apartment: This will likely cost $1600 – $2000 / month. Even split between the two of us, that’s $800 / mo at the very cheapest, more likely $1000 / mo for each of us.

Buy a 1br Condo: $600k? It’s hard to figure out the exact costs of owning a 1br condo, but it seems like this will end up being quite a bit more than renting given HOA, taxes, and other fees.

Buy a house w/ an in-law: My bf’s parents currently do not own property. His mom lives in her parents house, and his father rents an in-law. His mother could feasibly help us out with a downpayment, and his parents could live in an in-law on our property and pay us rent.

Still, the best plan seems to be to stay in my current living situation. Paying $650 a month in rent means I can possibly save $50k per year. The second my living situation changes, my hope of saving $250k by 30 disappears. The house I want to buy when I have a family will likely be $1.5M, and my bf currently has $0 in savings, so it’s up to me to be able to afford that. If I can get to $500k in savings by 35, maybe I can buy a $1.5M house. I’m not sure if that’s enough, and I’m also not sure I can get to $250M in savings by 35 — I think if I spend the next seven years living with roommates, not with my boyfriend, I could do this. But that’s a long time, and I really want to start living my adult life with my boyfriend in our own place, so we can invite friends over for dinner and such, and so I can stay with him and not have to worry about not having my things and having to run home before going to work in the morning.

Meanwhile, if I save $500k by 35, I’ll be able to buy my (nice) childhood home outright in New Jersey! It’s crazy how cheap the housing is there.

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When to get help for mental health: borderline personality disorder

No one is perfect, so when do mental health issues become such a challenge they merit spending hundreds, if not thousands of dollars on help?

There are many days when I think I am just being over emotional, or can get by with my variety of personality disorders and fake it enough to seem normal to the outside world. Then the walls come crashing down and a tsunami of reality floods in. Life is great and yet I still feel empty, depressed, lost. This is why I’m 99% sure I have some sort of co-morbid cocktail of Borderline Personality Disorder and others. Borderline personality disorder happens to also be hardest to treat because deep down people with BPD don’t really want to be helped.

Borderline personality disorder (BPD) is a personality disorder described as a prolonged disturbance of personality function in a person (generally over the age of eighteen years, although it is also found in adolescents), characterized by depth and variability of moods.The disorder typically involves unusual levels of instability in mood; black-and-white thinking, or splitting; the disorder often manifests itself in idealization and devaluation episodes, as well as chaotic and unstable interpersonal relationships, self-image, identity, and behavior; as well as a disturbance in the individual’s sense of self. In extreme cases, this disturbance in the sense of self can lead to periods of dissociation.

Yes, that describes me well, minus the dissociation bit. It’s quite confusing to sort out which criteria fall under the NPD (Narcissistic Personality Disorder) bucket vs BPD, and it doesn’t help that they are considered to often occur co-morbidly despite being so similar.

“Borderline and narcissistic patients both idealize and devalue others. However, there are important differences in the ways in which they do so. The borderline patient alternates between idealization and devaluation like a young child who changes best friends and whose frustration tolerance and capacity to delay gratification have not matured. Nevertheless, the borderline patient cares about the other person, even though the alternating attitudes may lead to a slow deterioration of the relationship. The narcissistic patient is more exploitative; the idealization is related to an idealized projection of an omnipotent self. It” the other person tails to manifest this delegated omnipotence for the patient’s benefit, the other is cast aside as no longer of use to the narcissistic patient, who then shifts to a new person who is expected to enhance the patient’s grandiose fantasy. The narcissistic patient’s rage is more of a contemptuous nature when manipulation of and extraction from the other are no longer possible. The borderline patient’s trigger is usually a threat to the patient’s dependency needs rather than a threat to the patient’s grandiosity. The narcissistic patient’s idealization is related to power, influence, glamour, and status that will further self-aggrandizement and carries little evidence of human caring. The narcissistic patient “borrows” a friend’s car with a feeling of entitlement and without permission, whereas the borderline patient does so from a boundary problem—that is, not distinguishing between “mine” and “not mine.”

In that sense, I definitely relate more to BPD than narcissism. I sincerely don’t think I’m the most important person in the world or deserve more than other people, or that everything should be all about me. There are definitely times when I feel threatened over being seen as not special, but this is always in relation to being able to maintain my relationships with other people. I do not understand how to be in a healthy relationship with another person (romantic, friendly, or professional) without convincing them that I am special and worth keeping around.  This is why although I fit many of the symptoms of narcissistic personality disorder, I’m pretty sure the truth is I am borderline. My parents are narcissistic in a much more typical manner. It hurts me to see this behavior. I do not want to hurt people. I just don’t know how to relate to them. And I crave deep, meaningful relationships but feel like there is no way to have these relationships, especially with “normal” people. From the outside I probably appear fairly normal, or, for those who know me better, appear narcissistic, but it’s never really about thinking I need to be the best (though my parents trained me to crave this) — it’s more about a need to fake it in order to not be thrown out of other people’s lives.

Most people with borderline personality disorder had severe trauma in their lives, and many were sexually abused. I am very grateful that I was not sexually abused as a child. But I have a feeling that my father beating me, and even more, his emotional abuse compiled with my mother’s inability to empathize really fucked me up in the head. You might say everyone has issues, everyone is messed up in the head in some way, and that’s probably true, but the severity of these issues – when they get in the way of leading a normal productive life, are when you should theoretically seek help.

The woman I reached out to for Borderline Personality Disorder therapy is $225 an hour. Should I spend $1,000 a month treating a disorder that isn’t treatable? Do I just push on and cope as I go? I’m so scared of being the person I am today and — within the next few years — becoming a wife and mother. Maybe having a child to care about and love will help, but I realize that being a mother is extremely challenging and I’m in no mental state to approach this phase of my life yet. I need help to get there. I don’t know how much money is required to fix me, or if I can be fixed. I wish I knew that answer, I hate wasting money on therapy that goes no where, especially when only I can change who I am, what I want, and resolve to a much simpler appetite for contentment in exchange for some irrational form of manic happiness.

 

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Weekends in an Orange Vest

While the fines suck, the 3-month DUI class is a pain, and inability to travel to Canada for 10 years is a bummer, the worst part about getting a DUI is the Weekend Work Program. As part of my punishment, I have do 5 days of weekend “work” or go to jail for the same amount of time without getting to go home at night. Of course, I, and everyone else arrested for a DUI, chose weekend work.

So far…

Day 1 — sat in a cold garage all day.
Day 2 — went to a field of rocks and “picked up rocks” all day.
Day 3 — went to a park and raked leaves into piles and then raked the same leaves out of piles.
Day 4 — washed windows that weren’t dirty all day.
Day 5 — ? next Saturday is my last day, finally.

It’s fascinating hearing the stories of people who were arrested for a DUI. There are hundreds of people who gather in a prison parking garage every Saturday and Sunday to serve out their time. Some blew a .08% after driving home from a wedding and not stopping fully at a stop sign, while others blew a .26% and woke up in handcuffs after a bad accident. I’ve met people who pled guilty with a .1 BAC and got a harsher sentence than those who fought it and got a plea bargin with a .15. I’ve met people who led police on a chase driving through a few red lights before passing out and getting caught. Many are in for their first DUIs, others for their second, who tell scary stories of spending time in jail. The main topic of conversation that gets us through the day is alcohol and drugs — most people go home after they get out at 4pm and drink. On Sunday, many talk about how hungover they are. A few brag about their drug use that morning. And, to my surprise, many on the program even sneak in joints and smoke when the supervisors aren’t looking.

They say once you have  your first DUI, you’re likely to get a second. That’s only true is that once you get a DUI you are on court probation for 3 years and if you have ANY alcohol in your system when you are driving and get caught (even .01%) you will get a second DUI. Meanwhile, a lot of the people who receive second DUIs just like to party and don’t seem to care, or they think they are invincible. I’ve heard many stories now of how the first DUI and second DUIs happen, and while I don’t judge, some of the people there make me sad because I know they are probably going to get another. They aren’t bad people (well, most aren’t) but their lives just revolve around partying, drinking and drugs. I’m still the only person that I met in there who got arrested because someone called 911 on my walking to my car; but that’s what I get for thinking I was ok to drive. I’ve learned my lesson, and I’ll never go near a car after drinking.

I wish the program was actually designed to help people. The DUI class is a joke. I’ve been to one so far (I have a 3 month program.) The class was 2 hours, with the first hour spent with the instructor talking about how to get help if you’re an addict, and then we watched an hour of a video from the early 2000s (though it seemed like it was from the 80s) about a father who was addicted to ecstasy. Apparently one week of the program the cops come in and show you mangled bodies that were in DUI-related accidents to scare you straight. I’m sure there is a better way to help people learn how to be healthy and safe with their drinking habits. It’s just a waste of time. Regardless, that waste of time, and money, has taught me a lesson that I wish I never had to be taught. Too many others are going to get another DUI, and the programs in place aren’t at all effective in stopping them.

 

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