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"Failing to plan is planning to fail" - so here is mine

"Failing to plan is planning to fail" - so here is mine

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Old May 1st 2014, 2:46 am
  #16  
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Default Re: "Failing to plan is planning to fail" - so here is mine

Originally Posted by delbitter
Incomes 50k-60k plus commission and tbd for my wife but lets assume 20k minimum!
Things are going to be tight on your salary alone.

Plan on your wife taking at least 6 months to find a job and earning $0 during that time.

Around $30k in savings to bring with us. Might invest it for a few years, maybe a vanguard account? Not sure whether to keep this in UK on 1.3% interest p/a or move with us to USA.
Plan on spending at least $10k of your savings in the first few months on one time startup costs.
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Old May 1st 2014, 2:58 am
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Default Re: "Failing to plan is planning to fail" - so here is mine

Originally Posted by md95065
Things are going to be tight on your salary alone.

Plan on your wife taking at least 6 months to find a job and earning $0 during that time.

Plan on spending at least $10k of your savings in the first few months on one time startup costs.
Previous thread that covers the topic.
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Old May 1st 2014, 3:06 am
  #18  
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Default Re: "Failing to plan is planning to fail" - so here is mine

Originally Posted by Pulaski
My previous comments on the topic ...

http://britishexpats.com/forum/showp...1&postcount=43
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Old May 1st 2014, 3:24 am
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Default Re: "Failing to plan is planning to fail" - so here is mine

Originally Posted by md95065
My previous comments on the topic ...

http://britishexpats.com/forum/showp...1&postcount=43
I remember reading that. Apparently you didn't remember writing it!
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Old May 1st 2014, 7:36 am
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Default Re: "Failing to plan is planning to fail" - so here is mine

Originally Posted by Pulaski
I remember reading that. Apparently you didn't remember writing it!
I just felt like saying it again ...
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Old May 1st 2014, 8:41 am
  #21  
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Default Re: "Failing to plan is planning to fail" - so here is mine

Originally Posted by md95065
Things are going to be tight on your salary alone.

Plan on your wife taking at least 6 months to find a job and earning $0 during that time.



Plan on spending at least $10k of your savings in the first few months on one time startup costs.
I would be worried if my wife took 6 month to get a job! She already has a few people to meet to talk about work.

we will have about $5k-$6k cash for various costs in first few months. Our 2 months apartment has already been paid for by work anyway to that should help.

Originally Posted by Pulaski
Thanks for that Pulaski. Probably should have linked that at the start!
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Old May 1st 2014, 4:11 pm
  #22  
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Default Re: "Failing to plan is planning to fail" - so here is mine

Originally Posted by delbitter
I would be worried if my wife took 6 month to get a job!
Wouldn't surprise me with all the long term unemployed.
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Old May 1st 2014, 9:27 pm
  #23  
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Default Re: "Failing to plan is planning to fail" - so here is mine

Originally Posted by hotscot
Wouldn't surprise me with all the long term unemployed.
Added that a EAD has an expiration date, it does tend to scare off HR people, even if it is a renewable document.

But fair play if someone gets a job lined up quickly, that's good going.
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Old May 1st 2014, 10:13 pm
  #24  
 
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Default Re: "Failing to plan is planning to fail" - so here is mine

Originally Posted by hotscot
Wouldn't surprise me with all the long term unemployed.
Depends on the demographic. Unemployment is higher in women than men, higher in "minorities" than white, higher in unskilled than professional, higher in young and close-to-retirement than mid-career. The long term unemployed are concentrated in certain overlapping groups from the above list.
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