The Job Experience, StartupVille: Year #8

Personal Update

This is essentially how meals go in our house

When I relocated to the new apartment, very close to StartupVille’s offices, my girlfriend moved in with me.

I never would have guessed it, but best part about this development is we eat dinner together almost every evening.  There’s something about good food and companionship at the end of the day that makes things feel right in the world.

After a few months, we realize it’s working out even better than we anticipated, and we start thinking about buying a home together.  This means we’re suddenly interested in real estate, checking out open houses on weekends, gauging the market.

Toward the end of 2007, we’re close to making a purchase.

And life keeps rolling along.

Finances

Net Worth at Start:  +265K

Net Worth at End (early 2008):  +331K 

year8nw

 

Positives:

  • I took a vacation payout from FinancialCompany of three weeks, which amounted to about 6K of extra saving after taxes — a nice bonus.
  •  The S&P is very volatile this year, starting in January 2007 around 1400, peaking around 1550, and dropping back down to 1400 by Jan of 2008 — an approximate wash for the year.  However, since we earned about 2% of dividends, we still had a net gain in the market this year of perhaps 5K.
  • I contributed the max to my Roth IRA for the fourth consecutive year.
  • I made about 96K this year (105K salary pro-rated over 11 months of employment.)  I estimate that I took home 73-74K of this after taxes, and saved a touch over 50K between the Roth and my taxable accounts.

Negatives

  • I went January of 2007 without income.
  • I didn’t make any 401(k) contributions this year.  My new employer did not make any contributions on my behalf (i.e. no match) and I decided I wanted to hold more cash in preparation for a home purchase.
  • It’s obvious that my net worth is not going up as quickly since I’m no longer receiving FinancialCompany’s ridiculous yearly payouts.

 The Job Experience, IT Plumbing: Year 7  <<   >> The Job Experience, StartupVille: Years 9 & 10

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7 Responses to The Job Experience, StartupVille: Year #8

  1. Tom says:

    I’m almost embarrassed to admit that I’ve had jobs where my whole life revolved around work with little time for anything else – for extended periods of time. Years… I use to envy people with 9-5 jobs who never had to take work home with them. As you noted, work is so much more tolerable, and dare I say, even enjoyable, when you can assign it sufficient energy but with remaining stores in the battery packs for other things. Money is nice but when you don’t need much you have to question your motivation. You figured that out much earlier than I did.

    Over two years ago I turned down a contract gig that would have required a horrendous hour plus commute in both directions. Having FU money, I turned it down and two weeks later was offered a better position for more money and an apartment with less than a five minute walk to work. I know two other guys who were not as financially secure and to this day are still making that two-hour commute. Though they didn’t complain all that much, to me, at least, I could see them aging in front of me. The world will be a better place when we greatly reduce the need to sit in traffic for hours each week to earn a paycheck.

    • livingafi says:

      I really love the stories like this. Not the part where you were overworked, of course, but rather the fact that your stash allowed you to carefully consider your employment options and ultimately gave you a huge boost in life-quality in the form of not having to commute. Aside from the fact that long daily drives simply cost a lot, they’re draining and often feel like half of the work you do, on any given day. Lots of co-workers throughout the years have said their commute is the #1 thing preventing them from exercising on a more regular basis, for example, and it makes sense — that hour and a half on the road would be the perfect time to dump into a trip to the gym or even a long walk around their neighborhood. Thanks for sharing.

  2. Frankie's Girl says:

    I haven’t been a good commentator, but I just wanted to say that this series has been FASCINATING to me. I actually check in every day or so just to see if you’ve written more about your working life, so the length of the posts have been a bonus as far as I’m concerned. Awesome reading!

    • livingafi says:

      No worries, I’m still working on the next one. For what it’s worth, they take me a while to put together, mostly because of the length and image work. Not complaining at all — actually I find the process very enjoyable — but trying to offer an explanation on the number of days between posts. It’ll definitely be out in another day, two tops. There goes my regular job, getting in the way of my hobbies yet again… BTW, thanks for the comment and I’m glad you’re not bothered by the word count.

  3. Sounds like some good opportunities out east! Is the demand for engineers as hot as it is here in SF you think? The job market here seems to make people want to move every 2-3 years.

    Sam

    • livingafi says:

      Thanks for stopping by, Sam. So I’m not familiar exactly with how hot things are in SF, but definitely it’s cooking along the NE corridor right now, and has been at least since 2012. For many people, it’s a good time to move and finally get that job-change-payraise that your current employer has been denying you for the past X years.

  4. Frank says:

    This is an excellent story, hell of a read

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