Making a change when you're comfortable

[Ozarka]

So the main question I am seeking some feedback on - has anyone decided to just pick up and move? What has your experience been and are you happy with...

[Ozarka]

I would explore a pledged asset line as you mentioned. Depending on the composition of the $1.7M in liquidity, you could get a decent rate. Also, I believe...

[Ozarka]

We do this more times than not and it's been great. We get adjoining rooms and leave the door open (if we can't get adjoining rooms then we won't). ...

[Ozarka]

More likely that he doesn't want to limit himself to the approx 15% ownership if he's on the board

[Ozarka]

As spiritrider said, lines 8-11 were omitted in TurboTax for me. I had a similar situation as you but the only difference is I have $12,000 in line ...

[Ozarka]

Bought our house for $400k in 2017 with 20% down. Zillow and Redfin show a current value of $560k and Realtor shows $525k. We've put in $20k-$25k worth...

[Ozarka]

Funny, I thought about posting something similar (not knowing there was a confrontation). I just wanted to share my appreciation for all the information...

[Ozarka]

I would likely do it as it checks a lot of boxes. Where are you seeing that it's "overpriced" by $140K? As others have said, the worth of something...

[Ozarka]

Cash offer at 98% of asking with inspection waived?! I would've jumped on that one as well, assuming that 2% isn't a huge chunk being left on the table....

[Ozarka]

I can't speak to VA loans but I've sold a house before to buyers with a FHA loan....and it was a pain in the rear! I wouldn't be surprised if it was...

[Ozarka]

I hope others can add some insight to this topic. Would your new employer be willing to help out on the tail coverage?

[Ozarka]

I do. I use Draftkings and usually bet on NFL and NBA. Started with $50 and have gotten it up to a few hundred. It's purely fun money and I enjoy ...

[Ozarka]

I think the numbers are fine and the anxiety of a home purchase is so common. It's the buyer's remorse that happens with every significant purchase....

[Ozarka]

Interesting situation I would say. A lot to unknowns and questions I would be wanting to know include, but not limited to:

Current valuation...

[Ozarka]

Absolutely nothing wrong with your plan. The best thing about your plan is that it'll allow you a ton of options between that income and the reasonable...

[Ozarka]

I am about to complete mine in Fidelity but it looks like the appearance or the steps slightly changed from last year. I recall last year having to select...

[Ozarka]

I suppose anything is doable but it would come down to what are you wanting to gain (additional income, hobby, etc) vs. what are you sacrificing with...

[Ozarka]

We used a handful of local/regional banks that had a "Professional Banking Dept" that was geared towards physicians, dentists, lawyers. They...

[Ozarka]

Not exactly helpful but I recall seeing some presentations in 2018 regarding derm compensation using a $135 per patient encounter figure. I'm sure it...

[Ozarka]

Congrats on the upcoming wedding. A little difficult to give specific advice without specific numbers, but I'll give my $.02. When you say "pay...

[Ozarka]

For those on net collections, how does the practice take into account your other costs like malpractice, licensing, 401k, health insurance, etc. when...

[Ozarka]

I think the main concern from performing a back door Roth conversion from an existing Trad IRA is the pro rata rule when there are gains in the Trad IRA....

[Ozarka]

I would be very wary of going on a net collections comp model right out of residency. I would try to negotiate a base salary with some sort of collection...

[Ozarka]

I feel like with all this talk of student loan forgiveness, I never see "politician" promote just dropping the interest rate to something nominal...even...

[Ozarka]

Thank you for confirming and for clarifying. As far as overcharging the uninsured, I guess having a knowingly higher charge for something makes sense...

[Ozarka]

I'm clearly missing something as this is something I never understood...Why do some practices have such different gross charges regardless of what is...

[Ozarka]

Some things off the top of my head...others can likely provide better insight or topics:

• Compensation structure - have them run projections or at least

...

[Ozarka]

Agree with those that the installation is more important than the brand as the components are very similar. Can't speak to CA prices but we paid $6,800...

[Ozarka]

Out of curiosity, what kind of returns can be had on the VC side of things with a $30k investment (assuming it hits)? 50%, 1x, 2x?

[Ozarka]

I always understood that the offer letter was merely the framework for the contract. To this particular situation, not having a contract or specific...

[Ozarka]

Between wanting to be a passive long term investor and earmarking $2k/month, I'd suggest using a mutual fund that tracks the S&P or total stock market....

[Ozarka]

I think your last sentence summed it up in my opinion. If it's me then I'm heading back home to do all those things that'll fulfill your personal life....

[Ozarka]

Not too much downside if you plan on staying in the house long enough to "break even" on the upfront costs of switching. I'm certain there will...

[Ozarka]

I would probably go with #1 given the low rates. Hard to mess up with that income...

But here's the obligatory "make sure there's proper...

[Ozarka]

My take is an EF is just that, for emergencies, which this could very well be one for you and your family. If you can replenish the $30K rather soon then...

[Ozarka]

Short and most likely unhelpful answer = it depends. Do you need the cash? Would you be upset if SQ had a 50% drawdown?

It depends on...

[Ozarka]

The only reason for someone to use RH is that they don't have a per options contract fee. TD Ameritrade and other brokers charge $.65 or something similar...

[Ozarka]

It sounds like option 2 offers more flexibility and freedom, ie no non-compete, lots of paid time off, ability for side hustle, more time due to less...

[Ozarka]

Hey, that's still good. Climbing in a gym hardly prepares you for outdoor imo so climbing anything outside is still impressive. My first ever lead was...

[Ozarka]

Hey there! I'm sure it can be overwhelming and stressful but just wanted to say kudos to you for taking (back) control of your finances. Just keep in...

[Ozarka]

That's awesome and must be a heck of a view! Did you set up the top rope on lead or hike up there? (Looks like she's on top rope but may be mistaken)...

[Ozarka]

I've day traded, swing traded (holding for days, weeks, months), and also bought and held for LT. I no longer day trade. Swing trading and holding has...

[Ozarka]

Tough spot as it sounds like you and your sibling have a loving relationship. Is their current living situation bad enough to move now? What's the rush...

[Ozarka]

Thank you all for the responses thus far! The obvious consensus is to tackle the student loans which was also at the top of our list.

...

[Ozarka]

Sorry for the lengthy post! It was my attempt to be thorough!

[Ozarka]

Hello all! I wanted to get some thoughts, feedback, advice on where we currently are and what we could do better going forward. What are some things that...

[Ozarka]

We take a fair amount of road trips and I found that the CX-5 filled up rather quickly. We also have parents in town that are usually tagging along for...

[Ozarka]

I'm looking to upgrade from my 12 yr old Honda Accord to an SUV (or just something larger). As most Hondas, my Accord has been great to me with very few...

[Ozarka]

Would those just be different terms for gross charges, gross collections, and net collections?

[Ozarka]

Thank you for this post. My outlook on life has changed over the last few years to really focus on precious moments such as these, but I also need a reminder...

[Ozarka]

That's interesting...so if the billing company is really only servicing that clinic that the partners are associated with then it's almost as if the owners...

[Ozarka]

For the most part, I never understood why overhead was relayed as a %.  Would it not be a moving target based on revenues/net collections and also any...

[Ozarka]

It's typical in my area that an offer letter is signed before the contract is distributed. From what I understand, it's the practice's or hospital's way...