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lynxcat
Favorite team: | Rutgers |
Location: | |
Biography: | |
Interests: | |
Occupation: | |
Number of Posts: | 24174 |
Registered on: | 1/26/2008 |
Online Status: | Not Online |
Recent Posts
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re: Anyone have a trust fund or receive money from parents?
Posted by lynxcat on 5/18/24 at 7:28 am
[quote]DiamondDog[/quote]
Why wait until you die? The money is more useful to them now. ...
re: What would you rate yourself, looks wise, on a scale of 1-10?
Posted by lynxcat on 5/17/24 at 5:41 pm
Go look at your significant other and rate that individual. That’s probably what you are plus or minus 1. ...
re: Anyone have a trust fund or receive money from parents?
Posted by lynxcat on 5/17/24 at 5:38 pm
I’ve got awhile until it becomes a real decision but I’ve already decided I will actively help my children financially while I am alive. Waiting until I die and they are older (hopefully) when they don’t really need the financial assistance is an antiquated approach.
I’ll do everything I can to ...
re: Chief's Harrison Butker delivers an unforgettable commencement address
Posted by lynxcat on 5/17/24 at 9:27 am
That’s an opinion article. ...
re: Former Starbucks CEO says company needs to refocus on coffee as sales struggle
Posted by lynxcat on 5/17/24 at 8:38 am
[quote]It’s undrinkable. It tastes like burnt toast.
The thing that I will give Starbucks credit for is that they forced other coffee sellers and even gas stations to up their coffee game. I have multiple local coffee shops around me that are outstanding.
The coffee at a Buccees or a flying J ...
re: How did most C-Suite Execs get to that position?
Posted by lynxcat on 5/15/24 at 9:57 am
[quote]That's nearly impossible. I've never seen one guy in their early 30s in a regional/global role beyond corporate office. Most of those guys are Sr. Managers and 40ish at absolute best.
[/quote]
To be more specific, I'll define 'middle management' as Director (sometimes Sr Director dependin...
re: How did most C-Suite Execs get to that position?
Posted by lynxcat on 5/15/24 at 12:30 am
I interact with senior leaders daily. I’ll boil it down to trust, dependability, communication & storytelling.
In terms of actually getting up the ladder, tremendous about of luck and happenstance…preparation meeting opportunity.
For large public companies, one dimension that I think gets ov...
re: Anyone retire early early?
Posted by lynxcat on 5/14/24 at 11:58 pm
Yes in absolute dollars needed to be saved.
Taxable brokerage account in addition to those is also required to bridge early retirement before some retirement vehicles can be accessed. Tax strategy is critically important, especially in an early retirement scenario. Without the taxable brokerage,...
re: Anyone retire early early?
Posted by lynxcat on 5/14/24 at 10:36 pm
Couple where each earn around $200K can really start stacking the savings, especially once you have a nest egg working for you.
Charlie Munger had the quote of “do whatever it takes to get $100K in savings”…how large number compound on one another is the key, especially if you can hit that as ea...
re: Anyone retire early early?
Posted by lynxcat on 5/14/24 at 7:01 am
[quote]I can only think of a handful of careers where someone could truly retire at 40-50 and have had a family.[/quote]
Dual income with both earning a high wage
Own and subsequently sell a business
High Finance, consulting, partner track in audit/tax/law
Leadership ranks at F500 (VP+)
Sales...
re: 2024 Lexus GX 550 Overtrail
Posted by lynxcat on 5/13/24 at 6:09 pm
Palisade Calligraphy is nicer and not even a luxury vehicle. ...
re: What are your hobbies
Posted by lynxcat on 5/12/24 at 9:22 pm
Fishing ...
re: The DFW metroplex is fascinating to me
Posted by lynxcat on 5/12/24 at 9:20 pm
DFW is a great place to live. Checks the boxes but it is not a sexy metropolis. It has everything you need except mountains and beach….two airports to go access those. ...
re: 2024 Lexus GX 550 Overtrail
Posted by lynxcat on 5/12/24 at 9:18 pm
I checked out a Lexus TX recently and I was disappointed with the interior. Lots of nice soft touch but super basic and lacking. ...
re: Anyone retire early early?
Posted by lynxcat on 5/11/24 at 8:25 pm
[quote]Same here. I have good retirement savings and a paid for house but I think I would need to see 10 -12 K secure income inflation protected and health care benefits to have that make sense for me. I am past the concept of early retirement now at 57 but if I was in my mid 40's today for my own...
re: Anyone retire early early?
Posted by lynxcat on 5/11/24 at 3:53 pm
We had kids late…I would think that accelerated our savings rate at an earlier age which gave more time for compounding. I don’t think it impacted career growth per se. ...
re: Anyone retire early early?
Posted by lynxcat on 5/11/24 at 11:20 am
If we had remained DINKS, 45 would have been realistic and we would have travelled for at least a 1/3 of the year as “retirement”. With children, we will keep the cash flowing in from active work at least until 50.
I will likely become a college professor and/or become a CFP to do pro bono finan...
re: Anyone retire early early?
Posted by lynxcat on 5/11/24 at 7:20 am
45 has always been my financial independence target but not necessarily retirement. ...
re: How do you feel about young NY investment bankers being worked 80-100 weeks?
Posted by lynxcat on 5/10/24 at 8:43 am
[quote]AbuTheMonkey[/quote]
IIRC, actually works in IB....
re: How do you feel about young NY investment bankers being worked 80-100 weeks?
Posted by lynxcat on 5/9/24 at 7:55 pm
Different strokes for different folks. Everyone that goes into IB knows what it is about. ...
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