Edit: his final phase isn’t the issue it’s his first 2 that get me. I am decent with deflecting and dodging his lightning blows.
Edit 2: thanks to all these tips I had his final phase down to probably one more parry away from beating him and I got greedy. But I am getting there!
Edit 3: I finally beat him guys! Thanks for all the tips I really appreciate it. And btw I knew what a Mikiri counter was, I just sucked at timing it.
I am going to be working for a company that works very closely with real estate. Basically, developing software for smart homes. I really want to be able to upgrade my understanding of the way people live day to day and the way developers, designers, and architects really work together to make a home as comfortable and efficient as possible. Any recs?
We have too much awesome action and not enough life outside of politics and war
Was told this post might have more luck here.
First I want to say I'd love to keep this short and sweet but I don't know that that is possible. So my hat's off to anyone willing to read all of this!
I'm 31. I drive a delivery truck for a small construction company. 40k salary. Job is ok. I know my boss really well but the position has a fairly low pay ceiling (optimistically 60k) So I recently decided I'd have more room to grow and make more as an electrician. Down-side to that is I'll likely go down to like 35k a year as an apprentice plus losing the job security.
On top of that, I've been reading a lot of habit forming/wealth building books recently and it's got me thinking a lot. I know a fair amount about construction. I'm single and no kids. I keep hearing people talk about real estate. So I'm actually not one of those people who got excited from a show or thinks construction is easy. haha. I understand it's a lot of time and work. And one of my bosses actually just flipped his own house before moving in and raised the value probably 40k by spending >10k.
So I've found myself really interested in flipping/selling/renting lately as potentially it could help me retire early if done right in stead of just making other people rich. But if I tried flipping houses on the side, I feel I should probably stay with my current job and just ask for a raise (to 50k) because I don't think I'd have a shot at it the less secure electrician gig plus lower salary.
I understand this is super vague. And this idea is pretty young in my mind. I'm just really interested in wealth accumulation. I recently opened a roth ira and bought $6k of 2055 target date funds. I have zero debt. I have a very tight budget and am trying to save as much as I can for whatever I plan on doing. I feel like I have the discipline to accomplish something. I just don't know what the smartest decision is for me right now.
Any help appreciated.
My mother is in hospital undergoing end of life care, but she is still clear enough to now try and manage her finances. I'm her son and the executor in her will. I live in England, she is currently living in Northern Ireland (and this is where she is likely to die).
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She currently has about £4500 in her savings account, which has a £2000 insurance policy payout upon her death. This is essential the sum total of her assets (no property, no pension, no insurance, no chattels, no funeral policy in place)
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She has about £1000 in debt (tax) and a car on finance that probably needs £2000 paying off it to end the contract
I'm trying to retain her cash from her bank account to put towards funeral costs, but am aware these other debts are going to leave very little. Is she able to back transfer her money to me and dodge inheritance tax and let most of her debts die with her? Then use that money for a funeral?
I believe there's an annual exemption of £3000, and this can be carried over from the previous year (effectively giving me £6000) as she's never done it before.
Just need some clarification as I don't want to get saddled with a huge debt unexpectedly. Thanks.
My mother was a widow, after his passing she put the families assets into a split life trusts between my brother and I. She did this to shelter the families inheritance from her new relationship and probate. Less than a year later she is remarried. Her and I are on the life estate for the first house. Her new husband wanted a place to call his own in the case of her death. He doesn't have a job and never really worked much. Nearly no assets of his own. She buys a 2nd house (with a loan) for him to live in the case of her death. A year later she asks my SSN for bank to do a survey on the first house for a loan. She says this loan will help pay for half of the second house and payments towards a loan for my mother/brothers life estate property.
My current jobs is military and working in national security and I can not take out this big of a loan or be responsible for this legally. Otherwise I could lose my clearance and lose my job.
Currently she has around 40% of her assets as collateral for loans, none of which includes the life estate her and I are on.
Her business partner is also behind 70% on his annual payment to her. I believe at this point she will be unable to pay back the loans . t don't want her to lose any money. I feel like if i dont let her take the loan then i'm being a bad daughter. If I do then I feel like i'm letting her risk losing both houses.
I don't know what to do. How will this effect my inhertance if she cant not pay on the house? It appears I would be indirectly transferring inheritance to the new husband. Is that right? or would i have a share in the house then?
Summary: My brother and my mom's new husband is using her as a personal bank account and now it appears she has run out of money to pay the loans back and she wants to barrow more using my inheritance as collateral.
My father left my husband and I a gift of his California home in the form of a life estate.
"You have instructed your trustee to make the following gift upon your death: A gift of a life estate in my real property commonly known as _____________________ to ___________ and __________ or the survivor of them.
He did it this way because I have many siblings and he didn't want them to force a sale after many years of us caring for him. Also we have no kids so he thought my in-laws might have a claim to the property if we both died without a will.
Once we both die it passes equally to my siblings or their heirs.
I am the trustee so following my parent's death how do I do this? Have it drawn up and that's it? It seems complicated. TIA
