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The Finances and Debt Thread

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Huntington is at 60+ base here plus incentives. It’s been a while since I’ve been in the job hunt though, so I’m not sure how much has changed.
My problem is that almost no one wants a BM with no banking experience. Chase, Bank of America, and a credit union are the only three that have shown interest. I think the smallness of this credit union is going to hopefully allow me to get my foot in the door so I can start building financial services experience at the BM level from the get go. I like the idea of managing a Fidelity branch or TD branch someday and get licensed with series 7, 66, 9, 10, 24, etc.
 
You guys have seen my struggle with getting a different job this past year or so. I am proud to say that I am now the branch manager at a credit union. Starting pay is 60k. 5k more than I made last year, 8k more if you dont include bonuses. Health insurance is way better and cheaper. 401k matching is better. One more week of vacation than my current job. More holidays. No bonus structure, but there is a new CEO who is really into bonuses, so I believe we are in the process of making a structure for it. I'll be commuting from Everett, WA to Bellingham, WA for about a year or so until we are ready to move there, so that will suck, but this will be a great opportunity. Lots of career paths I can take with this experience. I had many exit points off of this hard path where I could have settled with a lesser job, but I held out. It paid off.
 
You guys have seen my struggle with getting a different job this past year or so. I am proud to say that I am now the branch manager at a credit union. Starting pay is 60k. 5k more than I made last year, 8k more if you dont include bonuses. Health insurance is way better and cheaper. 401k matching is better. One more week of vacation than my current job. More holidays. No bonus structure, but there is a new CEO who is really into bonuses, so I believe we are in the process of making a structure for it. I'll be commuting from Everett, WA to Bellingham, WA for about a year or so until we are ready to move there, so that will suck, but this will be a great opportunity. Lots of career paths I can take with this experience. I had many exit points off of this hard path where I could have settled with a lesser job, but I held out. It paid off.
That's about a 45 minute commute if memory serves correct, right? Either way, congrats! I'm sure you're glad the process is finally over.
 
That's about a 45 minute commute if memory serves correct, right? Either way, congrats! I'm sure you're glad the process is finally over.

One hour each way. But we are planning on moving to Bellingham, so that will not last more than a year or so. I'm glad this process is finally over, but I will be wanting to continually develop and build up into bigger things in the next few years.
 
Need some career advice, not so much finances.

I was part of am acquisition 18 or so months ago and decided it was probably time to leave. I couldnt find anything full time, but I found a consulting gig that I could handle and live off of some of my equity payout. Contract came up and I decided not to renew because I challanged the ethics of the company.

I found a national sales position for a chinese manufacturer who was looking to get into US Retail. Not easy by any means, but I enjoy it (cant say I love the day to day). The guy who hired me left and the VP is a complete dick who makes all business decisions on his own. Many of which hurt what I've been working on or already presented. I've been very up front about it with little support.

I started looking but my wife is worried itll look bad that I hopped around. She completely dismisses the acquisition and the fact that I wasn't full time in between. I havent been able to find anything as lucrative and am on the verge of having a child. Not exactly a good time to jump or take a pay cut.

My wife is in healthcare and doesnt understand the environment I am in. No fault of her own, but not the best person to talk about this situation with.

Does anyone have any thoughts? My role is a national sales manager for a consumer product company. I've opened up distribution around the world, sold online, on TV and in mass retail.
 
Need some career advice, not so much finances.

I was part of am acquisition 18 or so months ago and decided it was probably time to leave. I couldnt find anything full time, but I found a consulting gig that I could handle and live off of some of my equity payout. Contract came up and I decided not to renew because I challanged the ethics of the company.

I found a national sales position for a chinese manufacturer who was looking to get into US Retail. Not easy by any means, but I enjoy it (cant say I love the day to day). The guy who hired me left and the VP is a complete dick who makes all business decisions on his own. Many of which hurt what I've been working on or already presented. I've been very up front about it with little support.

I started looking but my wife is worried itll look bad that I hopped around. She completely dismisses the acquisition and the fact that I wasn't full time in between. I havent been able to find anything as lucrative and am on the verge of having a child. Not exactly a good time to jump or take a pay cut.

My wife is in healthcare and doesnt understand the environment I am in. No fault of her own, but not the best person to talk about this situation with.

Does anyone have any thoughts? My role is a national sales manager for a consumer product company. I've opened up distribution around the world, sold online, on TV and in mass retail.

The good news is that the job market is strong. Also, frequent job movement is not viewed as negatively as in the past.

Sharpen up your LinkedIn profile.

Reach out to people you've worked with previously- especially prior bosses who believe in you - and ask for referrals. You're looking to meet people who can hire you - or at least, meet people who can help you out.

LinkedIn can help you identify companies and decision-makers. If you have connections to those people through then you can get an intro.

If you can find a local executive networking group, join it.

Whatever you do, move quickly while you have time, because once the child arrives that will consume time and energy.

Good luck!
 
Just checking in. I think in October my credit was 560 and it's up to a respectable 680 now.

I got two delinquent accounts removed, settled on another, and only one remaining.

I think I have 3 cards open now and another shared secured loan.
 
  • Is Blooom worth it all (to Robo manage employer 401k)?
  • Anyone have any experience with it?
  • Has it made or lost you money?
  • Do they rebalance often? Is that a good strategy?

Also, if I'm relatively new to investing. It seems like when I search for stuff on the internet, it appears to be advice based off the marketing of products and might not actually be sound advice.

I have a 401k through Employer (Valic now AIG).
My wife and I have most of our other invested money in Traditional IRAs and a little in Roth at Vanguard.

Should I pay for a consultation at Vanguard? The guy at work seems kind of useless. Everything he advises me to be in has the highest management fees. It's hard to cut through all the noise.

Are there courses any of you recommend? I'm willing to take some computer-aided learning if beneficial.
 
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  • Is Blooom worth it all (to Robo manage employer 401k)? No, but if you want to you can sign up during the free trial, have them optimize it, then cancel and re balance yourself yearly. I'd be happy to look at your options and suggest a plan, as well (for free).
  • Anyone have any experience with it? Yes, I always try things to see what they offer. It basically just gives "optimizes" your choices based on the risk tolerance you want. Not worth the money.
  • Has it made or lost you money?
  • Do they rebalance often? Is that a good strategy? Believe they re-balance based on your preferences. I normally re-balance yearly.
Also, if I'm relatively new to investing. It seems like when I search for stuff on the internet, it appears to be advice based off the marketing of products and might not actually be sound advice.

Bloom is literally a product that can be done for free yourself.

I have a 401k through Employer (Valic now AIG).
My wife and I have most of our other invested money in Traditional IRAs and a little in Roth at Vanguard. Why traditional IRA? Unless you're over the salary threshold, I wouldn't suggest that.

Should I pay for a consultation at Vanguard? The guy at work seems kind of useless. Everything he advises me to be in has the highest management fees. It's hard to cut through all the noise. You have to pay for a vanguard consultation? Only one I've ever done is free. This sounds shady as Vanguard typically steers you away from high fee funds. Also, unless vanguard can see your ENTIRE portfolio (they can't), they will do a very bad job rebalacing your money as its basically them having to balance with blinders on (IE if you have 500k total, and only 50k in vanguard, if they are re-balancing just the vanguard portion, it is very likely not right based on your overall re-balancing).

Are there courses any of you recommend? I'm willing to take some computer-aided learning if beneficial.

Not necessarily a course, but I would read the boglehead wiki and then go read their forums daily. Very helpful for the average investor.
 
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Also, I am pumped. Just got approved for the JP Morgan Reserve card. I fly United a lot, and it comes with free United Club woo woo
 
Also, I am pumped. Just got approved for the JP Morgan Reserve card. I fly United a lot, and it comes with free United Club woo woo
Arent the perks the same as the Chase Sapphire Reserve? Just a little more exclusive.
 
Arent the perks the same as the Chase Sapphire Reserve? Just a little more exclusive.

Very similar. I get United Club for free which I'd value at like ~$600 a year for me. Card is cooler too, if that is something that matters to you (as I churn cards, it does to me lol).
 
  • Is Blooom worth it all (to Robo manage employer 401k)?
  • Anyone have any experience with it?
  • Has it made or lost you money?
  • Do they rebalance often? Is that a good strategy?
Also, if I'm relatively new to investing. It seems like when I search for stuff on the internet, it appears to be advice based off the marketing of products and might not actually be sound advice.

I have a 401k through Employer (Valic now AIG).
My wife and I have most of our other invested money in Traditional IRAs and a little in Roth at Vanguard.

Should I pay for a consultation at Vanguard? The guy at work seems kind of useless. Everything he advises me to be in has the highest management fees. It's hard to cut through all the noise.

Are there courses any of you recommend? I'm willing to take some computer-aided learning if beneficial.

Are you looking to day trade or buy and hold?
 
  • Is Blooom worth it all (to Robo manage employer 401k)?
  • Anyone have any experience with it?
  • Has it made or lost you money?
  • Do they rebalance often? Is that a good strategy?
Also, if I'm relatively new to investing. It seems like when I search for stuff on the internet, it appears to be advice based off the marketing of products and might not actually be sound advice.

I have a 401k through Employer (Valic now AIG).
My wife and I have most of our other invested money in Traditional IRAs and a little in Roth at Vanguard.

Should I pay for a consultation at Vanguard? The guy at work seems kind of useless. Everything he advises me to be in has the highest management fees. It's hard to cut through all the noise.

Are there courses any of you recommend? I'm willing to take some computer-aided learning if beneficial.
VTSAX and chill bro. Fidelity's equivalent is likely just as good (if not better) now as well, being that its a no fee index fund!
 

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