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fuzzy_logic posted:By Feb: Done, balance is zero and I saved up $530, auction is next week. Also want to quit my job, last time my financials exploded was because I hung on too long and ended up fired instead of leaving on my terms.
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Feb 10, 2019 05:35
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Somehow missed these threads before, let's try this out. Current State - $360k in student loans, eligible for PSLF in 4-5 years - 9 months into 15-year mortgage - Maxed out 403b for me and the wife, only $3k to Roth IRAs last year due to laziness/poor budgeting - $15k to 529 for kid#1, + gifts from grandparents - Net worth just north of 0 - Kid #2 born end of January Financial Goals for 2019 - Max out our 403b and backdoor Roth IRAs - Contribute $700/mo each to our 457s - Roll over old 403b accounts into current one - Get current 403b provider to add a low cost total bond market fund - Open 529 for kid #2, save $1k/mo per kid to each 529, maybe consider splitting between 529 and UGMA account for more flexibility - Save $1k/mo for house maintenance/repairs - Save $1k/mo for planned car purchase/house remodeling in 5ish years - Maintain 3 months expenses in HYSA - Annual recertification of PSLF in August/Sept - Revise estate documents to include kid #2 - No new debt - Furnish dining room Personal Goals - Implement financial literacy curriculum for medical trainees - Publish one 1st author paper or similar - Get more protected time for teaching - Schedule a regular date night with wife, probably some time after maternity leave - Get back into doing squats and deadlifts, avoid throwing out back for the 6th time
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Feb 12, 2019 16:34
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I actually have financial goals that aren't just "please don't overdraft" for a change. I'm not necessarily happy with the way it happened but my mom's passing presses the big ol reset button on a lot of things.  Financial Goals for 2019: Create a solid emergency fund Pay off as many bills as possible Start looking into Roth\long term investment since my job 401k has no matching. Continue adding to my son's savings account for college. Personal Goals: Lose weight. I'm tired of being a fat rear end and losing my last parent puts the fear of death into me. Enjoy having less stress and anxiety about our financial spot as a family.  Writing all that out feels a bit sad but good too. I'd trade almost anything to get my mom back but she'd want me to not stress any more.
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Feb 12, 2019 22:14
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Chu020 posted:Somehow missed these threads before, let's try this out. What is your job and income. You have a bunch of data on that post that’s doing stuff.
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Feb 15, 2019 21:02
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I’m still poor with 5% contribution to retirement and basically have seen no growth to my bank account because of random one-off expenses and general income vs cost of living. Literally loling at the concept of people in this thread being able to just save multiple thousands of dollars a month to half a dozen projects.
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Feb 15, 2019 21:05
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JIZZ DENOUEMENT posted:My new 2019 BFC goal is to guillotine BEHOLD: MY CAPE Still working on this too, my friends
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Feb 15, 2019 21:06
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Chu020 posted:Somehow missed these threads before, let's try this out. Are you sure that's true? There's been a bunch of news pieces lately about how people think they're eligible and then find out they consolidated their loans wrong or whatever and have to start the 10 year period all over again.
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Feb 15, 2019 22:57
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>Reddit Personal Finance>> My essential oil heiress is divorcing me. Should I hire a lawyer to dispute horse custody? We met that night beneath a cloudless sky, the moon shining bright overhead. Her eyes glittered like diamonds in the dim light. Her perfect veneers also glittered like diamonds. Perhaps they were; her father was wealthy enough that I couldn't discount the possibility. Skylar Jennyveeve Bentsworth, a third-generation doTerra guru, was born with a silver spoon in her mouth and the spirit of serial entrepreneurship in her veins. She'd been riding since before she was even old enough to reach the stirrups of her detoothed shetland, Goldie. "Someday," her father always ended each riding lesson, "you'll get to ride on the big horse. Just you wait 'till you get to Diamond." "Isn't he beautiful?" she asked me, stroking Diamond's mane with one hand as she massaged lavender-biloba oil into its neck with the other. "Yes... beautiful," I whispered breathlessly. Truthfully, I was hardly aware of the horse's presence at all. My attention was all hers, my eyes but willing captives to the orgone raw crystal pendant resting against Skylar's ample bosom. Diamond whinnied from across his stable door, breaking me free from Skylar's organic, all-natural spell. "This blend is really good for skin and muscle tone," she continued. "You should really try it. First apply a lemon-ginseng detox lotion, use a natural cleanser next, then the sandlewood essential extract since you're male, of course..." Sundae fucked around with this message at 00:14 on Feb 16, 2019 |
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Feb 15, 2019 23:50
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Wife and I are two physicians at an academic medical center, so since it's a 501(c)3 and they've consistently held that as qualifying employment for PSLF. I'm sure it'll be changed in the future once they realize just how many physicians qualify, but the program is written into the master promissory note currently. Right type of loans, right job, just have to get to enough payments.
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Feb 16, 2019 00:51
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Oh, neat. What do you want to write your paper about?
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Feb 16, 2019 04:05
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Irritated Goat posted:Start looking into Roth\long term investment since my job 401k has no matching. So sorry you lost your mom. You can do this, keep at it. Take classes or get a workout buddy, it helps to push you to workout regularly, and be mindful what you drink especially, it's an easy way to cut calories. I'd prioritize roth over 529 unless you're getting a big state deduction.
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Feb 16, 2019 09:44
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Sundae posted:>Reddit Personal Finance>> My essential oil heiress is divorcing me. Should I hire a lawyer to dispute horse custody?
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Feb 16, 2019 09:54
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I'm gonna try to do this... Current State - Wife's student loans: 250k left at 5% - My student loans: 180k, eligible for PSLF in 4 years - My student loan: 15k @ 5% (rate went up this past year) - 1 car loan, 30k @ 3% - Bought a house early this year Financial Goals for 2019 - Max out Backdoor Roth IRAs for me/wife: 12k: Done - Pay off wife's $24k private med school loan: Done! 12k paid in December, 12k paid in January - Pay off my 15k student loan ASAP - Pay off my wife's student loan ASAP - Continue maxing out our 401ks - Continue maxing out our HSA - Rebuild emergency fund back to 50k (down because of some extra cash we had to put down for the house) - Annual recertification of PSLF in September - No new debt unless it's for a really bitchin' car
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Feb 16, 2019 23:41
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The Experiment posted:1) Yes, nearly 35% of my gross income got put away for January. I’m going to sound stupid here but I assumed Roth IRA limits were at the married, filed joint level for me. I’m single and my income is as such that I am past the level for a single filer. So I withdrew my $3,000 that I’ve contributed to my Roth IRA and shifted it towards my investment account. Very dumb of me to do this. I caught it when doing taxes for last year where I should not have contributed to a Roth IRA in 2018 either. Also thanks to the stock market bounce, my net worth is nearly $296k. I’m going to change my net worth goal to my stretch goal of $333,333.33.
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Feb 18, 2019 13:14
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The Experiment posted:I’m going to sound stupid here but I assumed Roth IRA limits were at the married, filed joint level for me. I’m single and my income is as such that I am past the level for a single filer. So I withdrew my $3,000 that I’ve contributed to my Roth IRA and shifted it towards my investment account. Very dumb of me to do this. I caught it when doing taxes for last year where I should not have contributed to a Roth IRA in 2018 either.
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Feb 18, 2019 14:06
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February Update! Raise net worth from 129k to 159k. $134k Increase house fund from 23.5k to 40k. $25.7k Increase e-fund from 9.8k to 12k. $10.4k Contribute $2.8k to my Roth IRA. $480 Lose 8 pounds. -4 pounds $1.1k in unexpected car repairs this month which was a bummer, but luckily I have a car maintenance savings category! Feels good to be able to pay those things without having to pull from other funds. Overspent a little in my fun categories this month, so I need to work on that in March.
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Feb 27, 2019 16:48
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Doccykins posted:
End of Feb:  Zero consumer debt  Stop Eating Out At Lunch £6k in the S&S ISA - £1,000, on target Still awaiting news on salaries, HR is truely the slowest business unit >£79k, just about on target - market's dipped again at end of Feb but i'm calling this a win
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Feb 28, 2019 15:40
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February update 2019 Financial Goals:
2019 Personal Goals:
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Mar 1, 2019 01:56
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EAT FASTER!!!!!! posted:Another February in the books, it's been a very, very good first 2 months for us. Since last November I'd really been slipping as a person - mood, behaviors, conduct, choices - and I think my ability to make meaningful progress really started off on the wrong foot. I've made some changes that I think will be pretty useful, but I put my wife through a lot of obnoxious stuff in the last 4 months. Thankfully she's a very patient, loving woman but I don't want to exhaust all that. The good news is once you build good financial hygiene you can make sure that these little gently caress-ups stay compartmentalized and don't derail your plans for long term financial success. I'm grateful for the insight of the BFC regulars in helping me to develop these habits.
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Mar 2, 2019 17:04
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BAE OF PIGS posted:
Things seem to be good and mostly on auto-pilot. My boss has talked to me about a possible promotion to corporate quality assurance, or at the very least working as someone who travels around to different locations in the company to perform assessments of employees who hold my current position. In the past, the person directly above me did my annual evaluations. They changed it this year so that someone else does the evaluations of people in my position, and I was kind of nervous, but apparently mine was the easiest evaluation she ever did, so I think that bodes well for my chances of getting a promotion.
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Mar 3, 2019 16:19
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March!Potrzebie posted:2019! The rest is in the  category for now. I have been lazy with tracking my expenses.
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Mar 3, 2019 17:37
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Endish of Q1.. 1. Pay off student loans: 125k 94k left 2. Increase 529 to 600/child/month TBH I forgot  I’ll up it soon3. Everything else basically on autopilot. Goal gross savings/debt payoff rate of 50%. So far so good. Shocking considering no bonuses yet this year howdoesishotweb fucked around with this message at 00:01 on Mar 17, 2019 |
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Mar 16, 2019 23:52
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Current State - Wife's student loans: 245k left at 5% - My student loans: 180k, eligible for PSLF in 4 years - - 1 car loan, 30k @ 3% - Bought a house early this year Financial Goals for 2019 - Max out Backdoor Roth IRAs for me/wife: 12k: Done - Pay off wife's $24k private med school loan: Done! 12k paid in December, 12k paid in January - - Pay off my wife's student loan ASAP - Continue maxing out our 401ks - Continue maxing out our HSA - Rebuild emergency fund back to 50k (down because of some extra cash we had to put down for the house) - Annual recertification of PSLF in September - No new debt unless it's for a really bitchin' car Not sure whether to pay off my wife's car, 30k at 3%, versus paying off her student loans @5% first. I could have the car paid off in 3 months. Residency Evil fucked around with this message at 00:18 on Mar 17, 2019 |
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Mar 17, 2019 00:16
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New country, new goals lets do it. Current State: Wife's CC: 7500 Wife's Student Debt: 40000 Wife's Car: 23000 @ 2.45% E-fund: 16500 I have no debts but I raided the poo poo out of my E-fund to pay for my move to the US and while waiting for a work permit. Q2 2019: Pay off wife's CC in full, then put it in a drawer. Fund IRA in full, convert to backdoor roth. Help my wife get a new job. Get a gym membership Start bicycling to work. Dec 31, 2019 Get wife's student debt down to 22000 Put 19000 into 401(k) Persuade my employer to allow after-tax 401(k) contributions so I can mega backdoor roth. E-fund to 35000 Car down to 18000.
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Mar 17, 2019 01:53
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Residency Evil posted:Not sure whether to pay off my wife's car, 30k at 3%, versus paying off her student loans @5% first. I could have the car paid off in 3 months. 5% > 3% so paying off her student loan instead is Good With Money.
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Mar 17, 2019 05:23
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Potrzebie posted:5% > 3% so paying off her student loan instead is Good With Money. i will make the exception that you want to be sure you are not underwater on the car loan even at a low interest rate
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Mar 17, 2019 10:16
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I’d also favor putting money toward the 5% loan if cash flow/savings are such that suddenly having to pay off the rest of the car loan would not be a burden.
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Mar 17, 2019 10:57
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Potrzebie posted:5% > 3% so paying off her student loan instead is Good With Money. KYOON GRIFFEY JR posted:i will make the exception that you want to be sure you are not underwater on the car loan even at a low interest rate Chu020 posted:I’d also favor putting money toward the 5% loan if cash flow/savings are such that suddenly having to pay off the rest of the car loan would not be a burden. Not underwater, but my wife definitely puts a decent amount of mileage on the car. I think I'm going to stick to the plan of paying off the student loan for now. Thanks guys.
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Mar 17, 2019 12:35
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Pay off the student loan, not even a close decision.
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Mar 17, 2019 14:37
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BEHOLD: MY CAPE posted:Pay off the student loan, not even a close decision. Is it really that black and white? It's 3% on 30k vs 5% on 240k, but doesn't the fact that the car is depreciating come in to play at all?
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Mar 17, 2019 14:45
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Residency Evil posted:Is it really that black and white? It's 3% on 30k vs 5% on 240k, but doesn't the fact that the car is depreciating come in to play at all? Do you have enough e-fund, cash flow, or financing source to handle replacing the car if totaled underwater? If so who cares if it’s depreciating as long as you’re paying off debt.
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Mar 17, 2019 15:10
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howdoesishotweb posted:Do you have enough e-fund, cash flow, or financing source to handle replacing the car if totaled underwater? If so who cares if it’s depreciating as long as you’re paying off debt. Fair enough.
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Mar 17, 2019 15:18
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Q1 Update Financial Goals for 2019 - Max out our 403b and backdoor Roth IRAs On autopilot to hit maxes before end of year - Contribute $700/mo each to our 457s Same as above - Roll over old 403b accounts into current one Apparently forms need to be notarized, hard to get wife out of house with newborn so far... - Get current 403b provider to add a low cost total bond market fund Little headway, still trying to get them to tell me who to talk to - Open 529 for kid #2, save $1k/mo per kid to each 529, maybe consider splitting between 529 and UGMA account for more flexibility Autofunding 529s for now - Save $1k/mo for house maintenance/repairs Set up for automatic transfer into savings - Save $1k/mo for planned car purchase/house remodeling in 5ish years Going strong so far - Maintain 3 months expenses in HYSA Maintained, well over including house savings funds - Annual recertification of PSLF in August/Sept - Revise estate documents to include kid #2 Forms obtained, same notarization issue as above - No new debt Personal Goals - Implement financial literacy curriculum for medical trainees Rooms/times reserved, GME to pay for refreshments and handle advertising, so set to go for the next academic year - Publish one 1st author paper or similar Not looking great for this year, but next year looks more likely - Get more protected time for teaching Some opportunities coming up - Schedule a regular date night with wife, probably some time after maternity leave Pending - Get back into doing squats and deadlifts, avoid throwing out back for the 6th time Doing 5/3/1, going ok so far, just dealing with some ridiculous imbalances where squats/deadlifts trail bench/shoulder press
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Mar 17, 2019 15:59
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I managed to save a couple hundred bucks this month. Still a few hundred less than I should be able to save per month but random life stuff keeps popping up. Also I guess life stuff that should be able to be planned for if I really say down and thought about it. I will pump out a budget and really dive deep for the rest of the month. Moving to a smaller place that’s a bit cheaper so that will also help.
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Mar 17, 2019 17:02
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 March Update! Raise net worth from 129k to 159k. $136.6k Increase house fund from 23.5k to 40k. $26.3k Increase e-fund from 9.8k to 12k. $10.6k Contribute $2.8k to my Roth IRA. $720 Lose 8 pounds. -4 pounds March was crazy. The bad: . $800 in unexpected "let's make sure you don't have cancer" medical bills. (I don't!) . I decided to get cable... why? The good: . Booked everything for two vacations: Florida in July and Puerto Vallarta in November. Was able to get both plane tickets and one rental car covered with credit card miles! . Found out I passed the BCBA exam, which opens up some career opportunities. . I kept my spending more in check this month and haven't gone over in any categories.
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Mar 28, 2019 15:05
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progress through Q1: Overall net worth +67K including: Max IRAs 12K - not done yet Max my 401K 19K - on track w auto contribs Housing downpayment fund +36K right now paying huge cash amounts for grad school, last payment is this month for the year so we can start this process Don't take on any debt for wife's grad school on track Move for the summer for wife internship, cover all these costs with her pay Non-financial (or deleterious to overall financial picture): Ski at least 8 days ya bub Go on one major non-skiing vacation ehh, we took a half a major vacation
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Mar 28, 2019 17:39
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Q1 update:BAE OF PIGS posted:
I'm making more progress on my IRA than I thought I would be by this point, so I think I'll get to my other goals pretty easily. I really want to get as much money in the house down payment fund as possible. I've been donating (selling) plasma twice a week, so that's bringing in an extra 90 bucks a week, and it gives me some time to catch up on podcasts. I should also be getting a raise in April.
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Mar 29, 2019 02:21
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Q1 update. A little boring since most of the stuff is autopilot.drainpipe posted:Finance:
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Mar 30, 2019 13:34
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Doccykins posted:2019 goals End of March  £0 consumer debt I am starting! Did a whole 10 workdays this month without any external lunch expenses S&S at £1300, total ISA contrib for 2018/9 was £3700 which isn't too bad considering I was still paying off debt for the first half of the financial year 2% CoL increase boooo, am going to raise with C-level otherwise it looks like it's time to dust off the CV >82k, on target
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Apr 1, 2019 12:41
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March update 2019 Financial Goals:
2019 Personal Goals:
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Apr 1, 2019 14:38
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