I used to be happy paying $45/year for YNAB (grandfathered plan). But then "lol no, $90/year" happened and I started looking into alternatives. I tried out a bunch but none felt the same. Eventually I found Actual (open-source). I've been using it for ~6 months now and it offers everything I want/need. I self-host the container on my PC (no sync/etc.).

Are you planning on working until you're 60+?

Or maybe selling it all and living in a rural area?

Buying stocks or ETFs?

Or something else?

So what's your retirement plan? At what age do you want to retire and how are you working towards this goal?

Hey ya'll

Just getting used to this here Tildes now.

Is there a crypto group yet. I know we all ain't gott be into it, but it seems finance here is the best closest place to call it out of who in or wants a sub.

Can we have one, what's the best way to go about setting it up!?

Always curious what others peoples finances look like, what they use to manage it, etc.

Do you use budgeting software? Do you follow a certain "method" to achieve your financial goals? How strict are you with your budget? Do you automate your retirement investments/contributions?

Do you expect a Fed rate hike, pause, or rate cut on June 14?

I personally believe the Fed will surprise the market with another rate hike because although CPI has cooled, core PCE has remained sticky and the Fed doesn’t want inflation to rear its ugly head at all costs.

According to the CNN Fear & Greed Index we are at “extreme greed” levels not seen since February 3rd, which also coincided with a temporary market top.

This leads me to believe the market will begin to fall over the next few weeks until we hit “fear” or “extreme fear” levels again around July.

How do you spend your money? How do you want to spend it? How do you save?

I'm curious what strategies my fellow Tildenizens use to spend efficiently, build savings for retirement and other purchases, and otherwise maximize their financial lives. How do you use your money to maximize your happiness?

Here's me: I'm young, single, thankfully debt-free, and my annual salary is about $70,000. I'm able to save approximately 35% of that by living relatively frugally:

How does this compare to your life? What tips, tricks, and ideas would you like to share to help each other out? What are your financial dreams? I'm really interested in chatting with everyone about this.

I used to rely on PayPal heavily for eBay purchases and the odd purchase outside of eBay. But it seems now eBay allows you to use a credit card directly on the site, and most other online stores if they accept PayPal payments, they also accept credit cards directly. Maybe its safe to say I can delete my PayPal account and not look back? It seems like an unnecessary middle man.

This thread is a follow-up to the oil prices thread we had less than a month ago.

Australia has signed a stimulus package

So has the US (title) (link)

And Canada

And Brazil (in portuguese)

So how are we feeling about this? Will the packages do their jobs and bandage the economy together until we stop the virus, are we headed towards a new great recession/depression, is this the nail in the coffin for the US as a political power (China has the virus under control in their nation and they're selling/giving out tons of masks so if the US economy is nuked and the Chinese only feel the trade effects then they can further empower themselves)

How are we feeling about all this? There is going to be anxiety over the next few days (weeks..months....years?) so let's talk about it.

10yr Treasury Bonds are at their lowest ever, futures market are down ~10%, and cryptocurrencies have lost billions.

How are you feeling?

Was just wondering if anyone in the Tildes community follows cryptocurrency at all. I'd say it's one of my biggest hobbies. Bitcoin is of course the king, but I like what Ethereum and some smaller protocols are working on as well. I see a lot of potential on the horizon.

For example, I think Pool Together is a great idea (no-loss lottery).

I also learned about this game from a friend called Axie Infinity which looks pretty fun.

I don't mean this to be a thread to shill your bags or talk about going to the moon, but more of a crypto-focused discussion on what you're following, interested in, sharing cool dapps, etc. Just seeing if there's any interest in a regular crypto discussion thread here. (Weekly, bi-weekly, monthly, etc.)

For me, saving money has been pretty tough but my goal is to maintain a minimum of 4 months pay in the bank in case of hard times. My fiance started her MBA and we have been fortunate that we can pay for it outright instead of adding on top of our loans. In the past year I have gotten a bit into churning and using the rewards to help partially pay for vacations throughout the year which has helped a bunch.

I'm interested to read about any goals we are working towards and also talk about different savings strategies!

I think a Sovereign Fund is where Yang should move his focus to. Its a long-term approach that requires a focus. In 30 years the Norway fund has become the largest fund in the world

The Norway Fund has been the receiver of all of Norway's Gas Taxes and Profits but has not paid out anything, so its only grown. But its intend purpose is to supply a form of a UBI (or subsidize Gov't tax revenues if the taxes were to ever fall short enough)

To Fund it, in the US, we need the Gas tax to be quadrupled. Double ($1/gal) it to properly pay for road maintenance and to pay for properly funded and expanded metro development, Greener metro lines, bike lanes, double it again ($2) to pay for Wealth Funding

This gas tax funding of $1/gal would contribute 175Billion in investments

After 40 years the wealth Fund would provide $7 Trillion Annually to pay for a UBI for as long as the US were to want it. Without any additional tax revenue

I think we can look at other jobs and industries where there is a boom and bust cycle, casinos, and where future income should be considered

Mississippi Gambling Revenue and therefore taxes has fallen 31% in 2018 (tax revenue $234 million) vs 2008's (345 million) best year numbers.

If Mississippi had contributed it's taxes to a Sovereign Wealth Fund instead of using it as a Substitute to Government taxes what would the effect have been.

A year after gambling was Legalized in Mississippi, skipping the first years taxes, the state of Mississippi has received Gaming Taxes, Starting in 1994, a total of $6.3 Billion in tax revenues

If those same taxes had been invested in a Wealth Fund its current value would be ~$29.6 Billion

Of course this would have required Mississippi to create 6 Billion in alternate tax Revenues, and this is the stump speech Yang needs to create.

Because in 5 years when Gaming Revenues have dropped another 50% its time for Mississippi to be ready, and in this case you're sitting on a $50 Billion Wealth Fund. That can pay out $4 billion a year to its 2.9million residents or fund the government services instead of deep cuts