CS 007: Personal Finance for Engineers – Stanford University 2017-20
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Re: CS 007: Personal Finance for Engineers – Stanford University 2017-20
#2Pretty solid all around. Would benefit anyone not just engineers. I like how the included a lecture on real estate.
Re: CS 007: Personal Finance for Engineers – Stanford University 2017-20
#3How would one go about attending this course without being enrolled?
Re: CS 007: Personal Finance for Engineers – Stanford University 2017-20
#4I saw there’s a topic on compensation, and I think this is perhaps one of the most important topics for engineers in the Bay Area.
I rarely run into an engineer with budgeting issues, but more often than not, I run into an engineer who has taken a compensation offer that is less than ideal at an early stage company. I think it’s great that there is a whole topic on compensation. I think the equity side is super complicated for small companies and in many cases, cash is king unless an engineer really believes the idea is going to be a home-run success...
Re: CS 007: Personal Finance for Engineers – Stanford University 2017-20
#5I see a net worth video.
How important is net worth? My wife and I had about $200k net worth until we bought a house. Now it’s probably the same amount but negative after the house purchase. We max out our 401ks and employee stock purchase. Our mortgage and car note is below the 30% suggestion.
It will probably be 5-8 years or more until it’s positive again.
Re: CS 007: Personal Finance for Engineers – Stanford University 2017-20
#6How would one go about attending this course without being enrolled?
x2.
Re: CS 007: Personal Finance for Engineers – Stanford University 2017-20
#7I see a net worth video. How important is net worth? My wife and I had about $200k net worth until we bought a house. Now it’s probably the same amount but negative after the house purchase. We max out our 401ks and employee stock purchase. Our mortgage and car note is below the 30% suggestion. It will probably be 5-8 years or more until it’s positive again.
Buying a house shouldn't make your net worth go negative (unless it massively depreciates, I guess). The mortgage balance is debt, but it's backed by the value of the house.
Re: CS 007: Personal Finance for Engineers – Stanford University 2017-20
#8I see a net worth video. How important is net worth? My wife and I had about $200k net worth until we bought a house. Now it’s probably the same amount but negative after the house purchase. We max out our 401ks and employee stock purchase. Our mortgage and car note is below the 30% suggestion. It will probably be 5-8 years or more until it’s positive again.
You count the equity in the house (price of the house - mortgage), which is probably just your down payment right now.
I think net worth is important to calculate your retirement age.
Re: CS 007: Personal Finance for Engineers – Stanford University 2017-20
#9I see a net worth video. How important is net worth? My wife and I had about $200k net worth until we bought a house. Now it’s probably the same amount but negative after the house purchase. We max out our 401ks and employee stock purchase. Our mortgage and car note is below the 30% suggestion. It will probably be 5-8 years or more until it’s positive again.
Buying a house shouldn't make your net worth go negative (unless it massively depreciates, I guess). The mortgage balance is debt, but it's backed by the value of the house.
You don't own the house until it's paid off.
Re: CS 007: Personal Finance for Engineers – Stanford University 2017-20
#10I see a net worth video. How important is net worth? My wife and I had about $200k net worth until we bought a house. Now it’s probably the same amount but negative after the house purchase. We max out our 401ks and employee stock purchase. Our mortgage and car note is below the 30% suggestion. It will probably be 5-8 years or more until it’s positive again.
The net value of your home is Equity-Debt, so at first the net value of the mortgage will about what your down payment was