Tag: finance

Thoughts and questions

On By Luther M. SilerIn Politics, video games5 Comments

I’ve got a few things rattling around in my brain, none enough for a whole post, so let’s just toss all three of them together. Why not, right?

FIRST: That game up there? Was crafted deep in the bowels of Hell, on the lower foothills of Mount Sonofabitch. I just beat the game’s third major boss tonight, after, no shit, probably five or six hours of attempts and farming over the last few days. The recommended level for his area? Seventeen. My level when I finally took him down about half an hour ago? Forty-five. And the next area promptly beat the shit out of me again.

SECOND: You may have heard the godawful fucking story about the people Trump effectively sold as slaves to El Salvador, including a number of them who were accused of no crime at all other than being brown. Now, before I ask this, I want to be crystal fucking clear that this is horrible and the people responsible should rot in Hell. Okay? We’ve got that? Everybody understand? Good. Because while I’m having some trouble untangling the court cases, what with not being a lawyer and all, it looks like a judge ordered the government to produce one of the men involved by midnight tonight? And there may or may not be a temporary stay on that order, or maybe SCOTUS just overturned it, I dunno, it looks like things changed while I was playing video games. But here’s my question: Does the court, any court, have the ability to order other entities to do literally impossible things? Because part of the whole point of selling these men to El Salvador was to put them beyond the reach of US courts. Short of invasion, which Trump obviously isn’t going to do, we don’t really have a way to compel El Salvador to return any of these people, and certainly not to do so in the next three hours and eighteen minutes. The judge has no jurisdiction. Again, yes, I recognize that there’s something horrible about taking the situation these human beings are in and reducing it to a legal hypothetical, which is part of why I’m doing it on my blog and not, say, BlueSky– but does anyone actually have any authority to compel this to happen right now? The courts can order the government to do shit all they want. What happens if they just … can’t?

THIRD: I don’t remember the goddamn third thing. Fuck. I’ve had this post in the back of my head all day and now that it’s time to write it Thing Three is gone.

…

Right, shit, the economy went to hell today too. So I, personally, with very modest investments in, until yesterday, the low (very low) five figures, have lost about a thousand bucks in the last few days. I do not expect things to get better anytime soon, for obvious reasons. I have been contributing a couple hundred a month to an account managed through MetLife that I deliberately rarely look at, and $100 a week to an Acorns account that I monitor perhaps more carefully than I ought to. Yesterday I reset a bunch of stuff on Acorns so that now that $100 a week goes directly to my savings account and is not invested in anything. My understanding of how this works is even if the value of individual shares of a given stock are falling, buying more of them means a faster theoretical recovery later on, since I’ll own more stock, assuming that the companies I’m investing in don’t go under, in which case that money is just gone. But if I think it might be years before the market recovers– and I do– isn’t there more value in socking that money away into a savings account, where it’s not going to just vanish? Or at least is much less likely? The interest rate is going to be a lot lower but at least it’ll be positive.

Help me out if you know anything about investments. I’m sure there are better ideas than the binary I’ve set up here, but if you’re going to give advice at least tell me which of those two is a better idea right now before telling me about your third thing, okay? Thanks.

In which I make a decision

On By Luther M. SilerIn TeachingLeave a comment

…so, apparently I like my job?

I had a Moment this weekend, or perhaps a series of Moments, where a math job opened up at the boy’s school and I jumped on it faster than I’ve ever jumped on a job opportunity in my life. And then, once the cover letter was written and the resume was updated and everything was filled out and sent off, I immediately regretted it.

And that was … kinda weird? You’re telling me, brain, that I offer you a job with small class sizes and damn near universally kids who want to learn and whose parents are invested in their education and you … don’t want it? You’re supposed to kill people to get that job. I’ve been in the trenches for over two decades at this point! I deserve a job that no one would ever refer to using the word “trenches,” God damn it!

Now, because it’s my kid’s school, it’s kind of a weird situation, because in the “who do you know who works here” section on the application, I had to write “basically everyone,” because dude has been at this school since he was larval and that’s kind of what happens. And I emailed one person at the school and gave him a heads-up that I’d put in the application, because technically I used to be his boss and I thought it was at least a little possible that someone might go ask him about that if they put together that we were at the same school at the same time. And I very specifically did not tell two of the three people I put down as references, because no one ever calls references first and if I’m not taking the job I don’t need the drama at work about whether I’m leaving.

Anyway, yeah, several days in the row of anxiety, and do I really want this, and reminding myself that I really haven’t had a lot to complain about this year, and then the person I sent all the documentation in to emailed me back and she asked “are you sure about this,” because, in her words, their pay was “woefully” lower than what I’m currently making.

So, of course, I emailed her back and asked how woeful is woeful, because that word doesn’t really suggest a number to me if I’m being honest, and Glassdoor was being really unhelpful, and she got back to me.

Twenty five thousand dollar pay cut.

So, uh, yeah, I’m staying at my current school next year. That was a fun few days, though.

In which I am free

On By Luther M. SilerIn life1 Comment

I was really hoping for a more dramatic picture.

Sometime in February of 2020– I could have sworn I posted about it, but hell if I can find it– I applied for a $30,000, six-year personal loan through Discover. I used the funds to pay off about 90% or so of my credit cards– so, to be clear, someone handed me thirty grand and that wasn’t enough money to pay off all of my credit cards. The payments on the loan were considerably less than the combined payments on the cards, by around $300 a month, if I remember correctly.

In September of 2021, I got that last piece of credit card debt paid off, giving me a $0 credit card balance for the first time since my freshman year of college. It probably put around $150-200 a month back into my pocket.

Two years later, aided by that extra $300 and a few stimulus payments from the government that I didn’t need because I’d been able to keep my job and work from home, I paid off my car, a full year early. Another $237 a month went back into my pocket.

On May 9th, 2022, my student loans– nearly $70,000 worth– were forgiven through the Biden administration’s Public Service Loan Forgiveness program. Another $545 a month went back into my pocket. I started paying a thousand dollars a month, sometimes more if I could afford it, on the personal loan, which had a monthly payment of $607. The entire time I was paying off the loan, I never made a single payment for just the amount that was due.

I have been watching a little bar crawl across the screen of my phone over the last four years as that personal loan got slowly whittled down. Last Saturday, I made my final payment of $756, and then reloaded the app about a dozen times an hour for the next few days, waiting for it to update and show me that the loan was 100% paid off. I was looking forward to the screenshot.

Turns out when you pay off a personal loan, which I did almost two full years early, they just … close the account, which feels kind of anticlimactic.

Other than a small installment loan through Apple that I will pay off on the paycheck after next, my mortgage, and a home equity loan that we used to remodel the bathroom– and to be honest, for some reason I don’t even feel like the home loans count, I am now completely debt-free.

No student loans.

No credit cards.

No personal loans.

No car payment.

A thousand bucks a month now back in my pocket.

If I was a Republican, I’d already be writing my personal finance book, talking about how my good financial decisions and iron self-control led me to shake off a lifetime of bad habits and Get Out of Debt.

That is not what happened.

The fact is I’ve been incredibly lucky.

I was lucky enough to be back in education when Covid hit. If I’d still been a furniture salesman, I’d have been fucked.

I was lucky enough to be married to someone who both handles her money better and makes more than me, so I wasn’t trying to pay for my entire household on my salary and could devote large chunks of it to debt relief.

I was lucky enough that the government sent me Covid relief checks that I didn’t really need and could devote to debt relief.

I was lucky enough to qualify for President Biden’s improvements to the PSLF program, which I had tried to take advantage of several times before and hadn’t been able to for one reason or another.

I was lucky enough to have a good-paying union job that provided me with a steady paycheck and yearly raises that, for the most part, I also didn’t really need, and lucky enough to get hired by a higher-paying district when I left South Bend schools. Most of that extra money went to debt relief.

I was lucky enough that my family has largely avoided any sort of financial crises over the past four years– no sudden illnesses or injuries, no major accidents, no natural disasters, fires, thefts, or anything else that could have suddenly laid claim to who knows how much of my money. One bad car accident and I could be millions of dollars deep into medical debt instead of being practically free of it.

I have been very, very lucky. And while I’m not going to sit here and tell you I’m never using a credit card again– they’re fucking useful, that’s why they exist– I’m hoping to never have to dig myself out of that hole again.

But one way or another, this week, I’m celebrating. Celebrating, and trying my damnedest to not run out like an idiot and spend myself right back into a hole again. I’m not buying a car until the boy turns 16 and gets his license, and provided that nothing stupid has happened in the meantime, he’ll inherit my current car at that time. So I’ve got four years– three and a half, really– to take that surplus and invest the shit out of it. If I stay lucky, the market will continue on its current trajectory, and maybe I’ll get to retire before I die.

On being a grown-up

On By Luther M. SilerIn life1 Comment

One of my students asked me today how much I hated paying taxes, and I think I slightly blew the kid’s mind when I told him that I don’t mind paying taxes at all, because I enjoy living in a society and paying taxes helps ensure that. He didn’t press for additional details, but had he done so I’d have pointed out that there were probably examples of specific taxes that I wouldn’t be especially fond of, or taxing systems that I had preferences on, but the concept of paying taxes itself? No, I’m fine with that, and there are any number of reasons why I might, in theory, advocate increasing my tax burden with no argument. In fact, having voted for a tax referendum for our local public school system in the last couple of years, I have already done that.

Anyway. This is leading toward a humblebrag, so brace yourself as necessary. My tire pressure sensors have been acting concerning lately, and I have three road trips planned in the next three days, so rather than adding air to my tires for the second time in eight days and crossing my fingers I decided to swing by the local tire shack and have someone take a closer look at them.

And that ended up costing me $650 for four new tires. And that’s after a visit to the comic shop, and buying myself dinner, and a visit to CVS for certain supplies that cost me $60, meaning that I left work and looked at my bank account and thought damn, I did pretty well keeping my spending down this week, and then dropped eight hundred dollars in a little over an hour and a half.

This is where the humblebrag comes in: for the first time in my life, I don’t mind the tires at all— to be honest, I wasn’t surprised when the diagnosis was “Well, you’ve got this giant screw in your tire here, so that’s the specific problem, but you’ve had this car since 2017. Have you ever put new tires on it?” I wasn’t certain that was what was going to happen, and I probably could have waited a few months if necessary, but I was able to look at a fairly substantial unplanned-for car expense and just shrug and pay for it because the money wasn’t going to kill me. Now, don’t get me wrong (he said, fending off the forces of karma), I don’t want any more unexpected $650 expenses anytime soon, but being able to just pay for that shit was nice.

The next couple of days are going to be busy– my wife’s aunt passed away and her funeral is in Michigan tomorrow, and then my nephew’s birthday party is in Chicago on Saturday, and we’re staying overnight for that so there’s a (shit!) hotel bill to pay for, but my classroom was a hundred and thirty degrees today so I’m happy to not be there for a couple of days. Hopefully Sunday will be relaxing enough by itself to get me through next week.

On 2022

On By Luther M. SilerIn life1 Comment

Every year, I spend time during the week between Christmas and New Year’s thinking about writing a retrospective post about the previous year, and I almost never do it. I mean, I do blogwanking and sales recaps and top 10 lists and all that, but it’s rare for me to look at a year in any sort of semi-formal way and talk about how it went.

I mean, other than “That was the worst year of my life,” which I said of every single year between 2016 and 2020. 2021 wasn’t great, but was a better year than 2020. I mean, 2020 was not only the year the Covid epidemic hit but it was also the year my mom died, although part of me feels like I can blame that on 2019. It would have been difficult for 2021 to have been a worse year than 2020, and I really don’t think it was.

2022? It feels weird typing this.

2022 might have been a good year.

I feel like just by saying that I’m either bragging or tempting fate, y’know? But it’s hard to deny. I am, for the first time in years, Doing All Right, and by some measures, Doing Well. My family is all healthy and doing well. My son is thriving at his school and started playing ice hockey this year, which he seems to really enjoy. My relationship with my wife is as strong as it’s ever been. I have a new nibling on the way in a couple of months, and my nephew is walking and jabbering.

Financially? 2022 was the year my student loans went away, in and of itself probably the biggest thing that happened to me this year, as that was nearly $70,000 in loans and a $545 monthly payment that I’d been making for over 20 years. Gone. The personal loan that I took out that wiped out my credit card debt is over halfway paid off and my payments are over a year ahead of schedule. Both my wife and I are making more money than we’ve ever made before. We’re slowly working our way through the whole house getting things renovated and fixed up; this year featured a new bathroom, a vastly improved basement, flipping the dining room and the family room, and new carpet and new furniture in the living room.

Professionally, I finally quit the dysfunctional wreck of a district I’ve been working at for nearly the entire time I’ve been back in Indiana, and my new district and my new school have, so far, been absolutely wonderful in every way. I’ve actually been happy teaching for the last month or so, which hasn’t been true in a very long time. The blog is … well, still here; there was a reason there was no blogwanking post this year– but I’m back to having fun with my YouTube channel, which you ought to be following me on, damn it. And, honestly, for someone well out of the age range of your typical YT video game streamer, I feel like I’m doing pretty well.

I’ve kept up two months and counting of learning Arabic with Duolingo, finally starting to fulfill a promise I made myself when I dropped the class my freshman year of college. Calculus? I’m looking at you. I mean, I’m doing it from a distance, and with a fair amount of distaste, but I’m looking.

Hell, even the world in general dodged at least a couple of opportunities to go further to hell. And Biden has been a much better president than I’d ever have believed in 2020.

Really the only thing I have to complain about is my health; I have pretty much contracted all of the Fat Man diseases at this point, and it really might be a good idea for me to do the utterly stereotypical thing and resolve to lose some Goddamned weight in 2023. I don’t do resolutions and I’m not doing one now, but I’m literally fatter than I’ve ever been before and I have to wear a mask to bed, so … doing something to change that is probably a good idea? You never know; now that I’m not spending 90% of my spoons on stressing out about work and money I might have the headspace necessary to take a shot at dropping weight again. No promises, though. I can’t break them if I don’t make them.

I dunno, y’all. I’m unused to optimism, although I feel like I can make an objective case for at least considering the idea. Although part of me is pretty well convinced that I’ve screwed the pooch by typing this. If my house burns down tonight or something, it’s probably my fault. On to 2023, I suppose.

In which it looks like I screwed up

On By Luther M. SilerIn idiocyLeave a comment

You may recall that I turned down an opportunity to teach summer school in June. Now, despite everything I’m about to say, the reason I turned that position down remains true: that by the time they got around to offering me the job, we had signed our son up for a bunch of summer camps and I’d signed up for National Board Certification, meaning that I now need to cram four years of high school mathematics into a summer.

That said:

There are twenty days of summer school, six hours long each, and I was originally under the impression that my hourly rate was around $32.(*) That would mean that I’d have made $32 x 20 x 6 = $3840 before taxes. Which isn’t nothing by any stretch of the imagination, mind you, but it wasn’t quite enough to get me to back out of stuff that I’d already committed to or screw up my kid’s summer.

Then I found out my actual hourly rate is $41. I’m not sure how I fucked up that calculation, but that means my actual pay would have been $41 x 20 x 6 = $4,920 before taxes, and at that point– I discovered this after I turned the job down– losing out on that money starts to hurt a bit.

Well, they’re having serious trouble finding teachers– because I’m not the only person who took the two-month gap between applying for jobs and finding out whether they’d been accepted as a reason to find other summer plans– and the union and the district just signed off on increasing the summer pay to seventy fucking dollars an hour. Which is over twice the original rate I had calculated and would have meant a whopping $8400 before taxes, enough money to kill my last remaining credit card bill and put a substantial dent in the amount of money I owe on my car.

And … well, now I’m pissed. I mean, I’ll get over it, and I’m still not screwing over my son, but … shit.

Anybody want to hand me a big pile of money for no particular reason?

(Also, shit, how much Covid money must my district be sitting on right now, that they can even contemplate this level of pay? Holy shit.)

(* And before anybody jumps on my case for being a math teacher and not being able to calculate my own hourly pay: it’s not as simple as dividing my salary by 52 and then however many hours of pay I get in a week– first of all, it’s the actual number of weeks we’re paid for teaching in a year, a number I don’t know off the top of my head, and secondly, at least until recently anything that was paid on an “hourly” basis was actually paid at the scale of the lowest-paid teachers, not actually on my individual hourly pay, so the “hourly” for all the teachers in the district was the same. They’ve apparently changed the formula at some point and I didn’t notice.)

In which I’m on to this now

On By Luther M. SilerIn idiocy2 Comments

In the past time-has-no-meaning-anymore-so-let’s-say a month or so, I have developed and abandoned several new hobbies. I was super into woodturning for a while, and recently I’ve developed a fascination with paper- and bookmaking. I have turned no wood, made no paper, crafted no books, but I’ve been watching a lot of videos. I’ve managed to avoid spending any money on anything, although the fact of the matter is investing in the few things I’d need to make some shitty little notebooks with my copious spare time and brain cycles would actually not cost very much.

The other day I discovered that an app I was already using for something else allows me to buy stocks and Bitcoin. On a lark, and because I’m so unused to the concept of having spare funds that I don’t know what the hell to do with it, I bought $20 in Apple stock and $20 in Bitcoin, and at some point in between then and now I bought $25 in Moderna stock and upped the Apple buy to $25 so that they were even. Because that is how you make stock decisions; you look at how much you’ve spent on two entirely different companies and even the amounts out just for the hell of it.

Bitcoin has plunged in value since I bought it. Like, to the point that there are articles being written about it. I’ve made like two bucks on the stocks. But the fact is, I don’t know anything about any of this and in theory I would like to retire some day, so … maybe I should learn something about how, like, investments work? When I was unemployed a few years I had to cash out what little retirement I had so we could, like, keep the house, so in theory I have some investments in some funds somewhere and some retirement accounts, maybe something with a K in the name of it or something, although it’s not a 401K because something something public employee, I don’t know. But I don’t know anything about this.

(An example of how little I know: I found out earlier that a Pfizer … subsidiary … named BioNTech may be close to a Parkinson’s vaccine. I don’t know what a subsidiary actually is or whether BioNTech is one, but the companies are related somehow. BioNTech is BNTX on the Nasdaq and the app I’m using appears to not know it exists and I don’t know why, because I don’t actually really know what the Nasdaq is, or if it’s different from what I’m using to invest, and blah blah blah blah. I do not actually really know what “The Dow” is, in any functional way, other than it seems to be a graph that reacts to the emotions of rich people on any given day. I’m real real real dumb about this. I need to be less dumb, so I need a way to learn.)

So here’s my question, if there’s anyone out there who knows a useful amount of information about this: if I were to want to fiddle with the idea of being a small-time investor for a little while, making the occasional trade to the tune of, like, $20-25 a week or something like that, what apps or services should I be looking at for something like that? Ideally with a portfolio that has independent existence outside the app, so that I can take it with me, so to speak? The Bitcoin thing isn’t something I’m dedicated to, and I’m fine with the idea of selling everything I’ve bought in this app before moving to another one– I’m using such small amounts of money right now that even if I took a hit on it it’s not a thing I’m worried about.

Also, before you say anything, yes, I understand that right now is probably not a great time to get into the market, what with the impending civil war and all; again, I’m just dipping my toes in and only putting in money I’m willing to lose. I’m not about to suddenly invest an entire paycheck and cross my fingers that I’m going to get rich or something like that.

But all that said: any suggestions?

Okay FINE then I WON’T

On By Luther M. SilerIn lifeLeave a comment

The picture almost makes customer service seem cool, doesn’t it?

I was recently able to zero out all but one of my credit cards, and Lord willing and the creek don’t rise it shouldn’t be long until I’m able to whack that one as well. I was startled to see a bill show up from one of my cards a few days ago; the card actually got overpaid a bit so the last I’d looked at it they owed me money, which is always a fun thing to have happen with a credit card. Turns out they’d charged me a $59 annual fee. Now, chances are this fee has been around for all if not most of the time I’ve had this card, but during damn near 100% of that time I’ve carried a balance. It pissed me off that I suddenly owed them an annual fee on a card with no balance, so I did a brief check to make sure it wouldn’t affect my credit rating too unduly and then called to cancel the card.

(A five minute period ensues here, as we go from blustery-but-dry outside to torrential rainstorm hello tropical storm Cristobal in about ten seconds and then the power blinks out. By the time I have the computer back online and the Internet back up, the rain has stopped.)

Anyway. That was a long lead-in to a quick resolution, but: it turns out that if you’ve had a credit card for 23 years and you call them and say something along the lines of “Hey, y’all charged me this annual fee. I don’t wanna pay it. Cancel the card!” they will not only remove the fee from your card (and, to be honest, I pretty much expected this result) but they will set things so that you are never charged an annual fee again. Which, paradoxically, is kind of annoying, because I find you must pay this annual fee, unless you don’t want to to be really obnoxious as a policy.

But, hey, I guess I don’t have to cut the card up now? All told, I’d rather have the credit than not, so I went ahead and kept it.

Also, I can see blue sky outside now. Weather is weird.

5:45 PM, Tuesday June 9: 1,973,803 confirmed cases and 111,751 Americans dead.