How Many Subscriptions Are You Subbed to Currently?

[Rem]

Do you track how much your outgoing subscription cost is month to month or year to year?
if you do, does it shock you?

everything seems to be going even more towards a subscription model lately.
will your wallet support it?

List some of the things you are subbed to

 

[polecat]

Ahrefs
Semrush
Broadband

Easy support it

 

[Dopious]

Hosting, and a couple of WordPress plugins. Not much to fuzz over.

 

[roydan]

Business only:
SEMrush $200
Keywordtool.io $70
Origami (CRM) $100
Accountant, tax advisor ~$700
ChatGPT and a few other AI stuff $60
Canva $30
Hosting and domains probably no more than $100
Make $30

I hope I didn't forget anything.

 

[Rem]

Business only:
SEMrush $200
Keywordtool.io $70
Origami (CRM) $100
Accountant, tax advisor ~$700
ChatGPT and a few other AI stuff $60
Canva $30
Hosting and domains probably no more than $100
Make $30

I hope I didn't forget anything.

add then your personal & recreational sub too & it really just makes you sad, life is pay 2 win

 

[t2van]

I'm probably around the 10k mark.

 

[roydan]

add then your personal & recreational sub too & it really just makes you sad, life is pay 2 win

I have Netflix, Amazon Prime, Disney+, another Israeli TV subscription called Free TV, which is annoyingly not free.
Internet, phones, car lease.. technically rent is subscription too, right? What about private kindergarten? There you go: 7K

 

[Rem]

I have Netflix, Amazon Prime, Disney+, another Israeli TV subscription called Free TV, which is annoyingly not free.
Internet, phones, car lease.. technically rent is subscription too, right? What about private kindergarten? There you go: 7K

rent?
WHAT IS RENT?
sorry, i dont compute

 

[roydan]

rent?
WHAT IS RENT?
sorry, i dont compute

For those of us that think you get a better ROI in the stock market than in real estate ;-)

 

[Rem]

For those of us that think you get a better ROI in the stock market than in real estate ;-)

possibly, but
i like my houses

 

[roydan]

possibly, but
i like my houses

I'm not judging.. probably will buy a house some day too

 

[polecat]

I'm not judging.. probably will buy a house some day too

True and get a house paying no rent or mortgage is very good thing to have

 

[Rem]

True and get a house paying no rent or mortgage is very good thing to have

same with car loans

car lease.

 

[polecat]

same with car loans

Very true always get cars in one of payment or got one free with my house

 

[roydan]

Car lease is objectively more expensive than buying a car, but I don't need to take care of anything, no yearly licencing, auto shops, oil changes... there's a guy that comes, takes the car and return it.
and they upgrade the car every 3 years for me.

Pure time saver.

 

[polecat]

@Rem you paying Samsung or Apple either of your enemys for subscriptions?

 

[Denki]

Hosting
Domain names (yearly sub)
Semrush (only group buy : D)
MidJourney
GPT-Plus

 

[SilverClouds]

Literally watched a video on this earlier today

For me personally I'm against owning since I'd just live in it and I'm already traumatized enough after owning an apartment (jeez, all the responsibility and costs). I know house is a bit different (better) deal but there are enough similarities that it's a no go for me. Of course if someone is knowledgeable about this and can rent his/her properties profitably then sure. But I suck at renovations and all that, I'm happy that landlord fixes everything (at least that's how it works with landlords I had so far). Tbh for me, for living either something like now (renting a house, maid comes over every 2 weeks for cleaning) or maybe full time hotel even (but not moving around all the time, some hotels have permanent residences where they do everything for you and you live there). I just dislike doing anything around the house . If someone knows how to rent out or it's property for offline business that's another thing, but just for living there... Idk. Unless you have some crazy tax savings, I heard it works this way in the US.

I'm a taxi person (I was in Poland too, would always have some numbers to friendly taxi drivers on my phone) but damn, in Sri Lanka it's so frustrating that I'm thinking if I should get a car lol. Yikes. But again, this is for the same reason as housing... Someone will do everything for me, I don't have maintenance costs on the vehicle and so on. If I don't leave the house I don't pay shit, only when I need it and always have different vehicles to choose from. If the driver helps carry our groceries I give a tip and life's good.

 

[t2van]

Literally watched a video on this earlier today

For me personally I'm against owning since I'd just live in it and I'm already traumatized enough after owning an apartment (jeez, all the responsibility and costs). I know house is a bit different (better) deal but there are enough similarities that it's a no go for me. Of course if someone is knowledgeable about this and can rent his/her properties profitably then sure. But I suck at renovations and all that, I'm happy that landlord fixes everything (at least that's how it works with landlords I had so far). Tbh for me, for living either something like now (renting a house, maid comes over every 2 weeks for cleaning) or maybe full time hotel even (but not moving around all the time, some hotels have permanent residences where they do everything for you and you live there). I just dislike doing anything around the house . If someone knows how to rent out or it's property for offline business that's another thing, but just for living there... Idk. Unless you have some crazy tax savings, I heard it works this way in the US.

I'm a taxi person (I was in Poland too, would always have some numbers to friendly taxi drivers on my phone) but damn, in Sri Lanka it's so frustrating that I'm thinking if I should get a car lol. Yikes. But again, this is for the same reason as housing... Someone will do everything for me, I don't have maintenance costs on the vehicle and so on. If I don't leave the house I don't pay shit, only when I need it and always have different vehicles to choose from. If the driver helps carry our groceries I give a tip and life's good.

Probably won't see my reply.

But this entire argument in the video is flawed. It assumes you buy a house to sell it later for a profit after you live there.

Most people pass on the property to next generation.

His argument is flawed from the get go. Because people who buy a family home do not treat it as a stock investment.

The argument on property not being of value and the land is, is flawed also. Rental costs go up because of demand or lack of due to property around. Yes the land has a value but so does that property.

He also seems to assume that people who buy a house don't save. Or it becomes more expensive to keep a house once a mortgage is paid off. If your renting you don't stop paying rent.

I get the whole rent v buying argument but comparing to an assent investment like stocks and shares is just totally wrong. Its done that way to fit his pro rental argument.

 

[roydan]

Probably won't see my reply.

But this entire argument in the video is flawed. It assumes you buy a house to sell it later for a profit after you live there.

Most people pass on the property to next generation.

His argument is flawed from the get go. Because people who buy a family home do not treat it as a stock investment.

The argument on property not being of value and the land is, is flawed also. Rental costs go up because of demand or lack of due to property around. Yes the land has a value but so does that property.

He also seems to assume that people who buy a house don't save. Or it becomes more expensive to keep a house once a mortgage is paid off. If your renting you don't stop paying rent.

I get the whole rent v buying argument but comparing to an assent investment like stocks and shares is just totally wrong. Its done that way to fit his pro rental argument.

So based on *my* numbers, and solely on how mortgages work in Israel, it makes more *economical* sense to rent than to but.

I have some money on the side, and it gathers interest. Some of it gains 12% a year on average (9% after tax) and another part of it is invested in BTC and GBTC. It gained about 5x since 2021.

Today, after paying rent for 10+ years, I have more % of a house in liquid assets than I had before, even if I assume that I kept saving the same amount I did back then.

Buying a house should be taken like an investment because I live today in the same type of apartment I'd have probably bought, except I have more money than if I bought it. And my interest on is a lot higher, to a point that if I stop paying mortgage in 15 years it would still take over 60 years for 'buying a house' to keep up with renting a place.