What's My Hourly Rate?

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If a person frames decision making in the context of hourly rate, then you quickly get to a logical slippery slope. What about tasks like showering, reading a book, yoga, hanging out with friends, or simply staring off into space, zoning out for 20 minutes? If i were to take the framework of what's my hourly rate to its logical conclusion, i would never be able to justify any type of relaxation activities or social activities. And that, i believe, is a much healthier, more comprehensive framework than a strict hourly rate calculation. So, joe that said, did we give jay a black and white answer, as we promised? Did we tell him what to do?

#354: Charlie in Cali has enough money saved to pay cash for a house, but she and her husband decided to finance their home, instead. They’d rather invest the money and arbitrage the spread. But one problem: how can they keep themselves from touching this investment?

Jay is choosing between Fidelity and M1 Finance, and has questions about tax loss harvesting.

Nicole and her siblings will be inheriting some properties that they eventually plan to sell. How should they set up or organize these properties among so many owners? Should one person take the lead? Do they need a shared business account? Also, how should they evaluate a property and make sure they get a good deal when they sell?

Ed owns three homes, two of which he plans to sell in the next few years. He plans to live in them long enough to establish residence and take the capital gains exemption when they sell. Is his plan for handling the taxes solid?

We answer these four questions in today’s episode. Enjoy!

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