What do you do for a living?

[FishGuyBri]

Quality/ Regulatory compliance nurse. It's actually much more fun than it sounds :-)

 

[FishGuyBri]

Nurse on a burn trauma icu

Yay fellow nurses! I started in medical ICU, moved to corporate post-acute care.

 

[re76]

Embedded Software Engineer. Mostly regulated medical devices.

 

[Surfandturf]

My advice to all of you is quit the hobby and start contributing that money to an IRA.

If you invest 200 a month at 5% after 10 years you will have over 30,000.

After 20 years roughly 82,000.

If you average 7% you'll be over 100k in 20 years.

One problem with your theory, I assume you are basing this on a 10yr S&P 500 average. Not all stocks have a "direct correlation" to the S&P 500. 7% is one of those things everyone throws out there, but it is not necessarily true. You also need to factor in market timing. Where in the "10 year cycle" are you getting in at? Where are you getting out. Lets just say that the average investor is lucky to hit 3-5% despite what the dude with the porshe on YouTube tells you. I will keep spending on my reef because it makes me happy and happiness contributes to longevity and quality of life.

 

[FishGuyBri]

One problem with your theory, I assume you are basing this on a 10yr S&P 500 average. Not all stocks have a "direct correlation" to the S&P 500. 7% is one of those things everyone throws out there, but it is not necessarily true. You also need to factor in market timing. Where in the "10 year cycle" are you getting in at? Where are you getting out. Lets just say that the average investor is lucky to hit 3-5% despite what the dude with the porshe on YouTube tells you. I will keep spending on my reef because it makes me happy and happiness contributes to longevity and quality of life.

Sorry may be speaking out of turn but I took this with a tinge of sarcasm to speak to how expensive our hobby is, not that we will actually stop.. :-) I'm sure we all would be saving tons of money if we switched to knitting.. haha

 

[Kmore1219]

Work with Apple, the rest is classified :D

 

[Adam113]

My advice to all of you is quit the hobby and start contributing that money to an IRA.

If you invest 200 a month at 5% after 10 years you will have over 30,000.

After 20 years roughly 82,000.

If you average 7% you'll be over 100k in 20 years.

And if you die tomorrow?

 

[Adam113]

My advice to all of you is quit the hobby and start contributing that money to an IRA.

If you invest 200 a month at 5% after 10 years you will have over 30,000.

After 20 years roughly 82,000.

If you average 7% you'll be over 100k in 20 years.

And if you die tomorrow?

 

[Don Lidtke]

Retired sysadmin. My wife and I just moved to Utah after 36 years in Silicon Valley. Once the basement remodeling is done, the tank an fish room are my focus.

 

[Nicolas_Brown]

Service manager Ford/Chrysler dealership

15 years in automotive industry

 

[MaddyP]

Technical Specialist for an industrial tooling manufacturer. I support the aerospace industry in Los Angeles, working to improve manufacturing efficiency in CNC machining operations.

In other words, I show people how to run cnc machine tooling correctly.

 

[Mrx7899]

Heavy equipment operator

 

[sfmacguy]

Disabled Vet (helicopter gunner), and have been doing IT/ operations for ad agencies and creative firms for the last 15 years.

 

[cbear44]

physician (pediatrician)-scientist (physiology). I don't have time to pipette and do my own experiments anymore so this is my personal experiment!

Has chemistry, physiology, microbiology, and biology all mashed together. And looks great too!

 

[BNR210]

H/R Manager for a construction company.

I'm pleasantly surprised to see so many Utah peps on here. There are so few lfs in Utah that I didn't think the hobby was that big here. [emoji16]

 

[Griff]

One problem with your theory, I assume you are basing this on a 10yr S&P 500 average. Not all stocks have a "direct correlation" to the S&P 500. 7% is one of those things everyone throws out there, but it is not necessarily true. You also need to factor in market timing. Where in the "10 year cycle" are you getting in at? Where are you getting out. Lets just say that the average investor is lucky to hit 3-5% despite what the dude with the porshe on YouTube tells you. I will keep spending on my reef because it makes me happy and happiness contributes to longevity and quality of life.

Lol it was meant to be a joke obviously the market can vary. I was throwing out an example. I'm not getting rid of my reef anytime soon.

 

[Griff]

Sorry may be speaking out of turn but I took this with a tinge of sarcasm to speak to how expensive our hobby is, not that we will actually stop.. :) I'm sure we all would be saving tons of money if we switched to knitting.. haha

Thanks for taking this as intended

 

[Mark Gray]

Service Engineer I travel around and fix things

 

[Deaf clown]

Was a warehouse worker at a Target distribution center when I first got into the hobby. I recently switched jobs and now I'm a truck loader for a chemical company called Hydrite.

 

[mrvn]

Quality assurance engineer