Interest Based Income - part three

 Part one was about some basic math for interest based income. 

 Part two was about some personal math.

 So the numbers I showed you from part two for what I would need if I was to rent out my house.

Single family rent per month =$1,400

Single family rent per year = $16,800

Two family rent per month = $2,800

Two family rent per year = $33,600

Again, this is the magical $30,000 a year just without starting with a million dollars first.

What people don't talk about is that until that money is in your hands, it is not and will not ever be a guarantee. 

There are many landlords who talk about that money as if it was a guarantee and it is a very dangerous mindset to be in. This is how debit and foreclosures happen.

During the plague there were a whole bunch of landlords that not only thought this but demanded this while also telling the renters that they were going to be evicted. Thanks to that type of landlord there is a great deal of justified broken trust.

At an old job one of my coworkers was also a landlord. He would not send that current years rent until the following year. He treated it as interest from an investment. He also still have a full time job. Why? to cover his existing mortgages. His house was paid off. He had at least one other property paid off. He did not consider the next months rent as already in his pocket because he was fully aware that life could happen at the worst times.

I would have loved to have heard him making fun of all the terrible landlords that were crying about their renters leaving them because they jacked up the rent too high & were verbally abusive so now they couldn't afford their own mortgage OR the mortgages of their rental properties. 

Are there terrible tenants? I have known a few but they were always justifying their actions because the landlords were being horrid to them. If they hadn't had that opening they could have been shamed into caring. Mostly they just didn't pay the last month and used the security deposit as their last months rent. Not the best but there are details and horrid landlords.

Also, landlords are not ever able to go into tenants mail because that is 100% mail fraud and USPS will go after them.

This is to say that having a rental is not for the feint of heart or the cruel of mind. IF you are still thinking about it then a property management company is what you want to have. A lot of people don't realize just how much renters think you can control the companies. But you do want to listen to them because they will have the most contact. You don't want a company that drives away your renters.

 Think of the rental properties that you see for sale on sites like zillow. They are mostly listed by people that don't want to be landlords anymore. One would hope it's for good reasons but most are probably landlords that are just burned out and can't be bothered. 

It could be a grandparent that just is too old or they passed away and it is easier to sell then fight with family on who gets it.

It could be a a married couple and one of them landed a job that needs them to move and being an out of state landlord is not something they want to deal with.

It could be that a new landlord has 'graduated' from a smaller property to wanting to focus on larger ones. Which are easier for them to get cheaper loans for.

A divorce of family feud can also cause problems.

 Many seem to be stupid landlords that think their tenants money is theirs and as such planned out non-refundable trips and done other things to spend the money that they think is theirs. This is a very fast track to bankruptcy. Many of them are the type to try and evict people during a plague. They think only of their own benefit and fail to see how no one has to put up with that.

Please don't be like that group.

 

 

 

 

 

 

Interest Based Income - part two

Part one was about some basic math for interest based income.

Now the fun part, how would you could even start getting $100,000 let alone $500,000 saved up?

Yeah, this is the horrible part because most things these days are not designed to make it easy to save money. I have never rented so I can't guess on that type of budget. I do own a house though and that does open a door for me to get started saving. If I chose to sell my house I could in theory make $100,000 after everything is said and done.

I have not put a lot of money into my house but with just the base improvements I could see getting $100,000 from it if/when I sell. 

Could I do more improvements to my house? Of course. I would love to replace all the windows and the siding. But I will never see that money returned to me. It could cost $25,000 for all the windows and $20,000 to do the siding. Then another $10,000 for the driveway. I would just never see that $55,000 investment ever again. Not to mention I do not have the money to even consider doing them.

I will probably look into adding a pull down stairs for attic space. That is closer to the $1,000 range. The potential attic space wouldn't be to much but it would be worth it. Especially considering the only other access it a tiny little square. I still can't figure out how my house inspector got through it because I was cramped when I went through it.

The reason I could even hope to make $100,000 after selling is because I got a very affordable house when the interest was super low a few years ago. I got very luck and I know not everyone will want a cheap house in the middle of no ware.

I have also already updated the electric. That was a nightmare of tracking payments so I'm not full sure what the true total was but it was between $10,000 - $20,000 which was only because he was good friends with my realtor. The work took two years and was worth it.

Never buy a house from a church. Do not do it.

The bad part of that is that my tiny town hasn't seen an increase in prices. It is stuck in a price range and I would have to get very, very lucky to get more. It's just not an area that has houses that go more than $200,000 for my size of house.

On the flip side, if I wanted to rent out my house instead of selling? I could list it as is for renting as a single family house.

If I wanted to rent it as a two family, I would have to rip out two doors to make it a legal two family rental. Then I would have to figure out what to do about laundry for the second floor. So a two family is out.

However! While renting out my house would be ideal, it is only possible if I could find a management company in my area. I know they exist but I have yet to actually find one. My town is full of rentals and I can not for the life of me find any info online. I don't have any idea who in my town I could talk to about it because my town is a little bit weird about some things.

Which brings me back to square one of selling the house once I am ready as being the best option. Pending locating the cryptid management company in my area.

So, why go over all of this? Because it shows just how much a little thing can snowball and branch off into so, so many other things.

The numbers that you want to see (based on what I want to rent out for)

Single family rent per month =$1,400

Single family rent per year = $16,800

Two family rent per month = $2,800

Two family rent per year = $33,600

And that right there is the magical $30,000 a year just without starting with a million dollars first.

What people don't talk about is that until that money is in your hands, it is not and will not ever be a guarantee. 

Part three is going to be going over that very valuable point of view.

Many updates on many sites

 Hello!

 So! I am doing a whole bunch of updates in the background. A few fun blogs and then on a few of the more normal type sites and blogs. Fun things over there that need so much art. So Much Art.

For here the updates are just going to be more posts. I have quite a few things that I want to post reviews for and then some more Work Stories. The reason work stories are so few is because my current job is very cut & paste of the same thing over and over.

I have more things to review but the posts are slow to write. I want to just say that it came in on time and it works but that feels a bit empty. So after that I want to have just a little more info. I'm only going to post the good things. So unless I get something spectacularly terrible, it'll just be good to neutral reviews.

I also want to share videos that I'm watching on YouTube. Mostly It's going to be Minecraft and Liziqi and adjacent style of videos. Again, I'm not going to have much to say about them.

It's much easier for me to blather on about potentials with numbers. Like view, post or interest rates. I have a few posts ready that go over interest from savings accounts. It's minor data but fun for me to type about.

Then there are the... other sites that I have. They are mostly just for reference for various interests. The story based ones are either still in the writing stage or got back tracked to the writing stage from loss of notes or hard drives. The one with the videos hit a terrible snag due to burnout but it has a little art that I can do and then I can get it going again.

And then there is the one that is currently bi-weekly short snips. Too short to be stories but a lot can be said in a few lines. This also had a file vanish but I think i might have a backup. I don't know for sure but if I don't thats fine. They are pretty easy to get typed out as long as I'm not trying to only crank them out. This blog-thing also will have a fictional newsletter of sorts. 

This will eventually be a weekly thing. I want to also get shorter bits for an additional post for during the week. Like fake adds and random updates. 

And also get a weekly horror scope going. Yes, pun intended. I was thinking of just sporadically doing one sign a week but a clump for all signs would be nice. Like on a Wednesday. Maybe I'll do a string of lucky numbers each day. I have images for each sign so that would be the only part that would take time for making sure it's formatted right. Not counting figuring out all the little quips that could go with each so that it's not just a string of numbers? One of the reasons this is still a work in progress.

So, several things brewing and soon more updates will be had.

Interest Based Income - part one

 Interest Based Income

What I mean by this is earning enough money from your interest based savings account with a bank. I'm going to be tossing around a lot of numbers but the base interest I'll be using will be 3%. It's not the current interest rate but it's the one I'm going to use.

The thing I will not be getting into is going to be the taxes. If you earn $10 you will get a 1099-INT and you will just file that when doing your taxes. File your taxes. It will effect you yearly return. Thats all i have to say on taxes.

The basic amounts that I will be working with are going to be as follows:

$100

$1,000

$10,000

$100,000

$1,000,000

These are the big break points when talking about interest. When you have the small amounts it feels like it's not doing anything but that can carry over to the larger amounts also. The most common way people talk about earned interest is as yearly amounts.

Per Year

$100 = $3

$1,000 = $30

$10,000 = $300

$100,000 = $3,000

$1,000,000 = $30,000

Where I'm from, $30,000 is a full time minimum wage job. 

What you also want to focus on is the per month interest because this is what you will be able to budget with like an additional paycheck. This means that you will want a savings account that will pay you per month and when they pay you will be at the end of that month.

Per Month

$100 = $0.25

$1,000 = $2.50

$10,000 = $25.00

$100,000 = $250.00

$1,000,000 = $2,500.00

The monthly breakdown is how you can see when it makes a difference. $25 doesn't feel like it can do much but that $300 at the end of the year could be a nice cushion or treat.

But $250 a month? That's a bill. It could be an extra payment on a credit card. It could be a car payment. It could be a persons grocery bill. It is a small amount but it is a small amount that will make a difference. If you are able to save it then that extra $3,000 a year is definitely a good amount to have saved up for emergencies or fun.

Will it fix everything? No, but I have had a surprise car repair bill (thanks to chipmunks making a nest in my car and eating the wires) and it was just over $3,000 to fix. I would have been much better off it i had been able to just pay it off with cash instead of using a credit card. The interest I was paying on the credit card was insane.

This is what people mean by wanting their money to work for them.

This is why my ultimate personal goal is going to be to try and get $500,000 because that will be $15,000 per year or $1,250 per month. Which doesn't sound like a lot but it is. For me it would cover my mortgage and car payments. At my current spending it would very much fix everything for me.

I'll be going over my personal reasons in part two.

 I will close with saying that if I had $2,000,000 in the bank I could very easily live off of the estimated $5,000 a month interest. Even if I was paying for my own health insurance.

To be honest I would probably keep my day job just so I wouldn't have to deal with tracking down my own health insurance and then I could keep my 401k. But thats going to be a part three I think.

 Part two was about some personal math.

Future Friday Predictions & Planning 9-24-2021

  Future Friday Predictions & Planning 9-24-2021

 

So planned posts ideas that I may or may not do because of *waves hand*.

What the Heck is Blogger up to

 Tumblr

Pillowfort

Dreamwidth

More making money on the internet and why it doesn't work

Item reviews of things I have purchased from amazon (this is going to be weird and will have associate links in it)

ADD ADHA and how they are lumped together because the only symptoms are the ones parents and teachers don't like aka complaint diagnosis

your job requiring a vaccine is not a HIPAA violation

anti-vaxx people are killing everyone that is following the rules

common decency is as rare as common sense

 

 This is all that I can think of atm but as always thing will change or be forgotten because that is just how things are. And then I will remember to look at this post and go 'oh yeah!" and possibly repeat the cycle again.

Trying to do more things for a healthy-er coping mech-a-whatever because I am board with my violent video game of choice.

I'm also avoiding writing some stories/books because i can't find all my notes.

When Good Jobs Go Bad

 When Good Jobs Go Bad. 

Or when a bad supervisor takes over the whole of the dept and pushes their Bad Ideas that no one likes onto everyone and then they can't figure out why everyone is leave the dept like a sinking ship.

This is not the first time, and sadly this will not be the last time.

I fully admit to having hoped that the supervisor that is literally driving all the good people away from my department was going to jump ship. I had been hoping. I knew it was almost impossible because they have such a death grip in our department.

This person is a micromanager and is very good and not having anything they say written down so you can not use it to defend yourself. The only thing good about them is that when they really want to have your back, they do in fact have your back. They also support the work from home for now.

But they also pick favorites and when they set their sights on you you are pretty much done for.

I am fairly cirtian that they have been trying to get me into their department for a little while. 

They are also fully aware that I refuse to be in their department.

Right now myself and another are being used as tests for learning the stuff in the other department because the plan is to merge them. This is extremely stressful because I hate and refused to be apart of this particular department.

I have a feeling that they are trying this so that when this idea doesn't work, and it's won't, that oh look! the two of you are already trained so you have new jobs now!

I will go to HR if they try that because I did not and will not ever apply for that job and they technically can not force me to move to it because they couldn't keep my department fully staffed before the pandemic and they have shown that they still can't do it now.

I also think that they are setting the new supervisor up as a fall guy. They did it to all the others with varying degrees of success.

I, perhaps, should have tried for the harder butt kissing department were the supervisor that I like moved to. 

There is another department I wouldn't mind looking into but the hours are horrendous. The person I knew that did work there got out as fast as possible but they had no life at all until they did.

I currently have a very good plan because I am not faking how long this new crap takes me to do. It's overly confusing and doing extra work for another department. If I mess up I mess up because that was the only other reason I wanted nothing to do with it. Outside of the supervisor.

If this person wasn't known for being underhanded and back stabbing I wouldn't worry. As it is I will be pitching a fit about this and all the stupid stuff until it's fixed or I find a new job. 

Uhg.

The Covid

 Please put a mask on.

Just please do it.

Also I am trying to get back into the swing of this. I have so many new work things. My house stuff, when I can think about it, Goes to my patreon & blog. Once it's a little less depressingly frash bloody hit to my wallet there willl be more house stories there.

I'm still seeing so many bad takes about work and other corruption that make me go Yikes.

The 'lets make money on the internet' things will start again soon. Many strong opinions will be had. Also opinions on pretty much everything. Along with my very bad opinion on a formerly good dentist because frustration & bad dentistry.

Also I should actually toss in product reviews and such but probably later.

And one day I'll have a book to talk about! If I ever finish it because magic and stuff or one of the million other plot!bunnies. Just like my fanfiction.

Can you afford your job?

An odd title, but an important question that I never thought much about.

So way, way back in 2011 I wrote about debt & controlling mothers... By the end of that summer we got into another argument and this time she said "fine! then you can do it!". I haven't grabbed anything so fast in my life. ((Small recap, my mom wanted to be, and was in total control of my finances because blah blah blah and I was lazy & trying to do too much at once.))

After all was said and done I know have savings. Mostly because I finished paying off my card. I would have more if I have done my credit card balance transfer a hell of a lot sooner.

I transferred two credit card balances into one credit card bill. I had two bills that my mom had insisted on paying more then the min on. $275 each was what she had been doing before I got control of it. After? I'm paying $200 because that is the amount that works and is slightly over my minimum.

Unfortunately I chose to do a little math and looked into what was the minimum I would have to make per hour if I wanted to get a new job. I'm using really bad math but it makes for a nice cushion when planning.

Example:
$11 hr x 40 hr = $440 x 52 wk = $22,880 - 40% = $13,738

I played with my pay check and found that 40% was pretty close to representing taxes and health and 401k crap.  I should have just gone with 50% and made my life a tad easier.

My old job? didn't pay anywhere near that. In fact, my bills were $3,000 over what I was making. Not counting the trips my mom encouraged me to go on and starting a jewelry thing. All the while saying I could afford it.

I was very lucky that I am so boring or it could have been much, much worse.

From a financial point, this was a very bad situation. Emotionally? Nah, I'm good. Yes we argue and such but it's a 'normal' thing. She has stopped asking if I want her help because I was mean and laughed evil.

Personaly I would be much better off if I could move out. But that is slowly in the works (p.s. the first time home buyers club is evil) but I don't know if I can scrounge up the closing costs. Closing costs are the devil.

Debt, Life and dear god! An update!

Were to start?

The debt has been slowly taken care of. If I was to trust the little blurb in the corner of my bill I will be free of it in 3 years. I did not take out a loan and that would have been a very bad idea. I did merge two credit cards onto one card. This let me set up one monthly automatic payment.

The ordeal was a pain in the butt. The first transfer had to be done one the phone with a live person. Even though two other people told me I could just do it online. Frustrating but then I just did both with the wonderful woman on that call. So it worked out.

The weirdest part was that each separate card had been a min due of $250 - $300 EACH. Or rather I was paying out $500 to $600 each month.

The new one is $225-ish.

Let that sink in a bit. Because I flipped when I got the first bill. I have been able to save so much money. The new problem seems to be I can't save past a particular amount. This is a pain because of the BRAND NEW THING!

Which is I joined a First Time Home Buyer thing. It is total crap but should help me to ACTUALLY buy a house in two years. So there is now $188 a month going to a special account so that the government will give me a grant of $7,500.

Fact: I still don't have enught for closing costs. Which is the real killer in buying a house.

On the job side of life, after five years with my current job I have finally taken steps to look for a new one. I calle dthe temp agency that got me hired here and I will be sendign them my resume to get going again. The woman that answered my call was very nice when I started fumbling to discribe why I was leaving. I wanted to say that the enviroment wasn't what it was and was moving into mor toxic then I would like.

What I said was a jumble of starting and stopping and toxic and many 'it's just'. She said don't worry about it and started looking at my file. She was wonderful.

That is were the blog stands right now. Yeay?

The next plan

So, I am planing to move in two years. Not only does thins mean I have a lot of saving to do but I will have to find a new job. In California no less.

I have dabbled in a long distance job search before. It was a learning experience. An experience that will make this trip much easier. 

The first lesson is that there is no such thing as a long distance job hunt at my pay level. So I will have to be out there before I start my search. While I will be contacting a hireing agency I highly dought they will set up any interviews without meeting me first. 

I will also be sending my car before me. This way I can not only go to interviews but not have to worry about getting a job without having a ride. This will also save me money because I will not have to rent a car. 

I will be taking all my vacation after my car is out there. Then when I get back I will turn in my notice. I have not decided how I am going to tell them. With our new manager I can't trust that she won't drop me the moment she finds out. And I really would like to not have to deal with unemployment during my move. 

Personally I have no intention of claiming unemployment unless the manager does something to me. Then there I cobra and all the other little details. 

Thank god this isn't happening for two years.