61–70 of 95 posts
[0] https://shift.newco.co/2017/12/04/your-financial-shock-wealt...
I've been on and off anti-depressants since I was sixteen, and I'm 33 now. My self-confidence has been basically destroyed, and I've kind of been just a shell of a human being ever since middle school. I've never figured myself out, and I've never felt like I've had time to, or the space and energy.
I've been in and out of therapy, I've been to rehab, and I've seen lots of professionals - psychiatrists and therapists.
My current psychiatrist is helping me a lot - but it also seems like it's two steps forward, and three backwards. During the spring, I gained a lot of confidence, and felt like I was back on track, and it only took one thing going haywire in my plans, for everything to once again fall off the rails.
Like you - I finally broke down to my parents (who have been amazingly supportive over the years) - and this isn't the first time I've broken down in front of them - but hopefully it's the last.
I've decided that the career path I've sought for myself, which is the line of work they both worked in, isn't for me.
My main goal right now, which I'm going to need their help with (because at this point accomplishing basic tasks like opening my email / checking my physical mail - are terrifying to me), is to sell the house I purchased several years ago. This thing has been a boat anchor, and has helped keep me stuck by requiring a certain level of monthly income.
After that, I hope to quit my job and set out across the country to do some soul searching. Hopefully via the house sale and savings I've accrued, I can keep myself afloat for a while, while I pursue new opportunities.
My goal is to enter a new industry, that is arguably more rigorous than the one I'm leaving, but I feel like my current position has contributed quite a bit to my deterioration in mental health, and that it's not what I love - or even want - to do.
Ultimately, I keep myself going by remembering the alternative is not an option. I try to think that things will get better, but it's difficult at times. The one thing I can always rely on fortunately (and this isn't true for many), is family and my close friends. Networking is very important, and so is remembering that everyone, including you and me, deserves to be happy.
When I read stuff like this I'm so glad to live in a country (France) that doesn't let people without any money when they're fired or have serious medical issues. Nation-wide solidarity costs little to each person but gives a lot to those who need it. So sad that our public unemployment and health systems are getting destroyed piece by piece by successive governments (the current one is particularly agressive).
> Nation-wide solidarity costs little to each person but gives a lot to those who need it. The money I save from French taxes (I left this year) I can easily afford all manner of insurance plus I get paid a heck of a lot more to save quite a bit of money. French employment is over 10% and the economy is stagnant. Could it be if you incentivize unemployment you get more of it? It sure seems like that in France. Chroni…
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Unfortunately, this advices is potentially too shallow to be useful, as (private/individual) DI is tricky. For it to be useful long-term, you'll need to find a policy with both guaranteed renewal and guaranteed coverage increase as your income rises, before any chronic conditions appear (or are diagnosed) or things like car accidents occur and become pre-existing conditions. There are other details that make shopping…
>For it to be useful long-term, you'll need to find a policy with both guaranteed renewal and guaranteed coverage increase as your income rises, before any chronic conditions appear (or are diagnosed) or things like car accidents occur and become pre-existing conditions. That's only true if you want to increase your spending as your income increases. If you start out with an upper-middle-class paycheck and lifestyle…
For many people, I think you have this backwards. That is, they seek an increased income in order to support increased spending, such as for raising children.
Regardless, the kind of savings discipline you propose seems like it would apply to a minority of those near the start of their careers.
Earlier quoted context omitted.
Unfortunately, this advices is potentially too shallow to be useful, as (private/individual) DI is tricky. For it to be useful long-term, you'll need to find a policy with both guaranteed renewal and guaranteed coverage increase as your income rises, before any chronic conditions appear (or are diagnosed) or things like car accidents occur and become pre-existing conditions. There are other details that make shopping…
The market seems to be geared toward self-employed professionals, such as dentists, rather than the typical tech worker. AFAIK private disability insurance folks love "typical" tech workers because they're less likely to malinger than most self-employed professionals, to a degree which makes getting private long-term disability insurance a bit of a challenge if one e.g. runs a software consultancy or SaaS business. (…
It's been more than a few years since I've looked, but any love didn't, then, translate to a diversity of products, transparency in pricing (e.g. ease of obtaining quotes), and/or significantly lower premiums (or discounts for periods of double coverage).
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You've excluded employers national insurance contributions here, which is 13.8% of total pay. That makes the true "main" marginal rate c.44% (20% tax + 12% employee national insurance + 13.8% employers NI / 113.8%). Most higher earners in e.g. tech or professions will be in the 40% band at least, where the true marginal rate is c.49% (40%+2%+13.8% / 113.8%). The "top" marginal rate is c.53% (45% tax+2% employee NI+13…
Adding the employers contribution to calculate marginal rates for employees is not how its calculated. Do you think any employer in the uk would magically give you the 13.8 if employers ni went away. And most STEM jobs including tech don't get into the higher band at 46,350 I think you ignored the tax free band.
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California is an outlier! After taxes, insurance and maxing out my 401k (i.e. all the stuff that comes out of my paycheck) I take home 56% on the East coast (in a high tax state no less). I also pay less sales tax and transportation costs than I would in CA and I can afford a house with less than six figures (gross) household income.
You make paying 45% for France's system sound like a deal for a lifetime.
Edit, FYI: - 14% from 9 964 € to 27 519 € - 30% from 27 519 € to 73 779 € - 41% from 73 779 € to 156 244 € - 45% beyond 156 244 €
And the table here for the social contribution that are taken out of your pay before the taxes above are applied: https://fr.wikipedia.org/wiki/Cotisations_sociales_en_France...
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No, this is right, you have wrong. You have your gross salary (brut) on which you and your employer pay taxes (routhly 30%). And then on top of that you pay the tax you describe with a progressive tax rate up to 45%. So on average, 45% seems good to me.
If you speak in gross rather than in net, then it is even a lot more than what you're saying. But then it is not income tax , which is the percentage of what was discussed. If you want to account for everything that is removed from your salary between gross cost for the employer and your net after taxes, it will surely be between 50% and 60% in average. But then we can talk about the benefit of all this. I don't know…
On the contrary, this matches what is "Income tax" in the US.
> If you want to account for everything that is removed from your salary between gross cost for the employer and your net after taxes, it will surely be between 50% and 60% in average. But then we can talk about the benefit of all this.
But that is the discussion, I don't think anyone considered that there are higher taxes in France without any benefit for it.
When I read stuff like this I'm so glad to live in a country (France) that doesn't let people without any money when they're fired or have serious medical issues. Nation-wide solidarity costs little to each person but gives a lot to those who need it. So sad that our public unemployment and health systems are getting destroyed piece by piece by successive governments (the current one is particularly agressive).