It’s not worth it if you chase money. Even the biggest assholes at your previous job might end up in a place adjacent to you, especially if you don’t look internationally (or at least out of your area) for jobs.
That’s interesting. I’ve never once had that happen.
The bigger employers I’ve left just didn’t care and were already looking into how to replace me while I was finishing out my last two weeks. The smaller ones always were concerned with squeezing as much production out of my last few hours as they possibly could.
In neither case were they ever interested in my career beyond their doors.
Tell you manager what went wrong politely if necessary, being rude in a professional setting may look cool in some fantasy but nothing good will come out of it.
It really doesn’t matter at all. You’re quitting. You already have a new job lined up. You will never interact with these people again. Nobody asks for references outside of minimum wage positions unless they’re a small shop.
Nobody asks for references outside of minimum wage positions unless they’re a small shop.
I’ve found this to be highly variable over my past few career moves.
My resume indicates that professional references are available upon request.
In my last two job searches, I’ve had responses ranging from absolutely zero interest in references, to not only requesting the ones I indicated but also asking for even more names and contacts.
Obviously your mind is already made up, but in my experience, it seems the wise move to stay professional in your professional life, even when leaving a bad job.
I am a mid career enginer, I was requested two references, one colleague and one manager, for my current job.
What is your reason for telling your manager to fuck off? Ego satisfaction for 5 min? What about thinking that if you tell him what went wrong, maybe they can improve, which may improve the work conditions of your ex colleagues? I find that more satisfying. I always try to raise my voice to improve my ex-colleagues conditions before I leave because I’m freer to speak up.
If you want an anecdote, I was cordial when leaving my last job while pursuing something with much more risk. To my surprise, my manager said the door is always open if I want to come back.
It cost me nothing to be nice, and it gave me a free safety net. You never know what opportunities you’ll get, so be nice, help others, and put in a tiny bit of effort.
I wouldn’t recommend burning any bridges you don’t have to.
Though my last employer was pissed when I got an offer for 30% more when he spent the last 6 months training me.
He immediately counter-offered to match and he didn’t even have to check with anyone. I called him out on underpaying me by 30%. This was probably a mistake, but he was kind of an asshole anyway so meh.
It’s a bug in that if you pay cash for a house, you won’t be paying into escrow for tax and insurance. Banks require that in the vast majority of mortgages.
This is just a simple online mortgage calculator so it factors in escrow into the monthly payment since that’s what pretty much everyone is going to have.
They can be or they can be paid through “escrow” and your mortgage servicer will pay them.
Usually sites like these want to show total monthly cost though, so they tend to include estimates for property taxes and insurance in the monthly payments. Whether it gets paid through your mortgage servicer or directly by you doesn’t change much.
If you have a mortgage, 99/100 the bank is going to make you pay into escrow for insurance and taxes.
This is just a simple online mortgage calculator so it’s not factoring in that you could just pay those yourself if you’re paying all cash for the house.
It can be paid directly by you, or it can be held “in escrow” and paid by your lender. Ultimately it doesn’t make a difference financially, but it does mean logistically you either are paying one bill vs 3+.
It also comes at the risk that your lender fucking up could result in, best case scenario, a paperwork nightmare and maybe a small fee with your insurance/county/whatever, worst case scenario, the cancellation of a policy you may or may not be able to get back into easily.
Online calculators almost always include, or have an option to include, these costs. In part it’s because that’s the number the bank will use to determine what you qualify for. Makes it much easier to say, “here’s your monthly obligation” and compare that to you monthly income, instead of “here’s your monthly obligation, and here’s your twice-a-year tax obligation.”
Liquidity Risk: Paying in full ties up a large amount of capital in one asset, reducing financial flexibility and liquidity.
Opportunity Cost: The capital used for a lump sum payment could potentially yield higher returns if invested elsewhere. Although, at current rates that is probably unlikely.
Leverage: Mortgages allow for leverage, where you can control a large asset with a smaller initial investment.
Interest Rates: With historically low interest rates, financing can be more cost-effective than using cash. This is currently not true.
Diversification: Investing the money in a diversified portfolio can reduce risk compared to putting it all in a single property. See Leverage.
Tax Benefits: Mortgage interest payments can often be tax-deductible, which is not applicable when buying outright.
Ah, so it depends if you want to buy a house so you have somewhere safe to live that you can’t be evicted from, or whether you want to use it to destroy society for your own immoral personal profit?
[Edit] Sorry, I’m probably being a bit severe there
Because if you have several hundred thousand dollars laying around to pay in cash, you’re better off investing that into an index fund which will have a higher rate of return than the interest on the mortgage.
If you have $500k and want to buy a $500k house, you could pay the entire $500k down and own the house free and clear, but you would only gain the appreciation on the house if you ever sell it. Assuming doubling in value every 10 years it should be worth $4M after 30 years.
If you had $500k and took out a mortgage of $400k, at the national average of 7% and 30 years, you would pay a total $1,033,654. If you took the other $400k you had and put it in just the S&P 500 which has averaged right at 10% annually, and left it there, you would end up with $6,979,760 in that fund at the end of the 30 years.
So you would come out ahead by about $4 million at the end if you took the mortgage and invested the cash.
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