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Re: Nice Round Number reached tonight

Nice!!!! That's very impressive for 41.
by TRC
Sun Apr 26, 2015 4:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Nice Round Number reached tonight
Replies: 32
Views: 4744

Re: Is the 1% Cost of Managing Money Worth It?

Only if the person doesn't have the know how or discipline to stay the course when the market goes crazy.
by TRC
Sun Apr 26, 2015 7:43 am
 
Forum: Personal Finance (Not Investing)
Topic: Is the 1% Cost of Managing Money Worth It?
Replies: 53
Views: 4278

Re: Spendy spouse

Start using You Need a Budget (YNAB) immediately. Get her on board though and have her watch the training videos with you. It only works if both spouses do it. Then make a point to sit down once a week and review spending & what's left for the month.
by TRC
Sun Apr 26, 2015 7:40 am
 
Forum: Personal Finance (Not Investing)
Topic: Spendy spouse
Replies: 58
Views: 4143

Re: What's your average monthly expense???

dreamer wrote:Grocery: $250 - $300


How on earth is this even remotely possible for a family of 2 in CA? Are you eating out a lot?
by TRC
Wed Apr 22, 2015 11:22 am
 
Forum: Personal Finance (Not Investing)
Topic: What's your average monthly expense???
Replies: 85
Views: 7676

Re: “Entry level” luxury cars under 40k

Look for a leftover or slightly used Acura TL SHAWD. Larger than the cars you mentioned and way more reliable.
by TRC
Tue Apr 21, 2015 12:25 pm
 
Forum: Personal Consumer Issues
Topic: “Entry level” luxury cars under 40k
Replies: 96
Views: 8521

Re: Taking Care Of Leaves

I just mulch them in with regular mowing. After I stop mowing for the year, I just let the wind blow them around as it desires. They blow off downwind and get replaced by someone else's leaves from up wind. After the first mowing of the spring, everything looks good again. Total extra cost is $0. T...
by TRC
Tue Apr 21, 2015 12:17 pm
 
Forum: Personal Consumer Issues
Topic: Taking Care Of Leaves
Replies: 18
Views: 1274

How much do you pay in Property Taxes?

Our annual property tax bill just eclipsed $10,000 annually here in Central Massachusetts. We own a 4 BR / 3.5 BA / 2,600 sq foot home on 4.6 acres in a town that has a good to great school system (top 1/3 in the state). Fortunately we own our house outright, but that quarterly payment of $2,500+ st...
by TRC
Tue Apr 21, 2015 12:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much do you pay in Property Taxes?
Replies: 184
Views: 9456

Re: Car for teenager

A car is a great first step into adulthood for a teenager, both for the financial responsibility of saving for it as well as maintaining it (insurance, repairs, has, etc).

You'll get a better response once we know the budget she has set aside. How much has she saved up?
by TRC
Tue Apr 21, 2015 6:14 am
 
Forum: Personal Consumer Issues
Topic: Car for teenager
Replies: 52
Views: 2794

Re: Input wanted from BMW OWNERS

They are expensive to maintain and repair. Do you have other more specific questions?
by TRC
Sun Apr 12, 2015 7:22 pm
 
Forum: Personal Consumer Issues
Topic: Input wanted from BMW owners
Replies: 44
Views: 4390

Re: smartphones

bowtie wrote:Yet, a look around will tell you that smartphones are clearly addictive to most....


This is a very good point. If you don't need one of your work / profession, I'd say don't get one if you don't really want or need one.
by TRC
Sun Apr 05, 2015 1:18 pm
 
Forum: Personal Consumer Issues
Topic: smartphones
Replies: 24
Views: 1792

Re: Buy a condo for college student or rent?

Have a daughter that has 2 yrs left at a college in the city of Chicago. She doesn't want to live in dorm. Dorm housing now is around 10,000.00. Thinking instead of renting for around 1200.00 a month, buy a 1 bedroom for around 250,000.00 Monthly cost for this with mort. And all other costs about 1...
by TRC
Sun Apr 05, 2015 7:03 am
 
Forum: Personal Finance (Not Investing)
Topic: Buy a condo for college student or rent?
Replies: 34
Views: 3083

Re: Buy more expensive house to improve financial situation?

….(and is likely to continue to do better) than where I am located. The key word is likely, not "definitely", not "100% certainly". Take the experts advise from Bogle and others. Live below your means and invest for the long term in a well diversified index/tax efficient portfol...
by TRC
Sun Apr 05, 2015 6:59 am
 
Forum: Personal Finance (Not Investing)
Topic: Buy more expensive house to improve financial situation?
Replies: 37
Views: 4802

Re: Rental property purely for tax-saving reasons

The more you make (salary) the fewer tax deductions you can take against rental properties. We are j the highest tax bracket and our rental property provides us with very little, if any, tax benefits.
by TRC
Sat Apr 04, 2015 5:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Rental property purely for tax-saving reasons
Replies: 15
Views: 1428

Re: VRBO rental gone awry- recourse for security deposit?

What does the rental agreement say regarding your checkout responsibilities / check list and their right to withhold your security deposit? I own a vacation rental and use homeaway / vbro. If I had to drive two hours each way to pick up a renters trash that was likely ripped apart by animals, receiv...
by TRC
Sat Apr 04, 2015 7:30 am
 
Forum: Personal Consumer Issues
Topic: VRBO rental gone awry- recourse for security deposit?
Replies: 50
Views: 5031

Re: Hate where we live, do we make major changes?

My wife & I hate where we live (upper NY)….remain indoors for 7 months of the yr, are tired of being cold/snowblowing/etc, and summers are too short and unpredictable. I live in MA so I feel your pain. Coming off of one of the worst winters in record doesn't help either. I do have a question th...
by TRC
Sun Mar 29, 2015 6:22 pm
 
Forum: Personal Consumer Issues
Topic: Hate where we live, do we make major changes?
Replies: 132
Views: 12293

Re: Need Some Advice-Recovered from Great Recession

Congrats on getting your financial house in order! Sounds like you've come a long way since 2008. To answer your question about renting vs. buying, I think it depends on how much we're talking about for a condo purchase. In theory, owning is better than renting in the long run assuming values don't ...
by TRC
Wed Mar 25, 2015 5:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need Some Advice-Recovered from Great Recession
Replies: 12
Views: 1685

Re: Where do I learn how much one SHOULD spend on a home?

What does your budget allow based on your current income after all other expenses? Ignore the "this is what you can afford rules". Look at your income and monthly expenses.
by TRC
Tue Mar 24, 2015 6:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Where do I learn how much one SHOULD spend on a home?
Replies: 64
Views: 5403

Re: Rental properties

We own 1 vacation rental (condo) at the beach. We rent it out for 8 weeks in July and Jaugustand just about break even. Way easier than long term rentals in my experience, since all the money is paid up front and they're only in there for a week. We also charge a lot ($3,300/week), so the price tend...
by TRC
Sun Mar 22, 2015 8:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Rental properties
Replies: 25
Views: 3002

Re: Recruiters asking for current compensation

Am I justified in continuing to withhold my current comp? Do I have anything to lose by doing this? I don't think you should withhold comp details. This is sort of a 101 question for job searching. I've had a bunch of recruiters call me and I tell them up front what I'm making and what I'd need to ...
by TRC
Thu Mar 19, 2015 8:27 am
 
Forum: Personal Finance (Not Investing)
Topic: Recruiters asking for current compensation
Replies: 54
Views: 4986

Re: Help! Career Advice needed!

Tech sales (software). She could probably start out as an inside sales rep making 50-70k in year 1. Field sales takes more time, but base salary is usually 6 figures and on target earning are multiple six figures. It's a hard job, but very lucrative if done correctly.
by TRC
Wed Mar 18, 2015 7:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help! Career Advice needed!
Replies: 20
Views: 2027

Re: Rental property vs. REIT

One is a job. One is not.
by TRC
Wed Mar 18, 2015 7:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Rental property vs. REIT
Replies: 38
Views: 3248

Re: how much mortgage would you be comfortable with?

I tend to be more conservative (as I've been laid off before), but I'd try to buy something you can afford on 1 salary in the event one of you is unable or does not wish to work. Are you planning to have kids?
by TRC
Wed Mar 18, 2015 7:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: how much mortgage would you be comfortable with?
Replies: 43
Views: 4446

Re: How Much To Negotiate Realtor Commission

At 5%, the selling agent will like take 50%, and then split that again by 50% wih his firm. So 2.5% is $12,500, divided in half for his firm, so he'll take home $6,000 before taxes.
by TRC
Mon Mar 16, 2015 6:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: How Much To Negotiate Realtor Commission
Replies: 31
Views: 2815

Re: Rental Property

We bought a beach condo after we paid off our house back in 2010. We put down about 200K on it go keep the mortgage small and by renting it 8 weeks in the summer, we just about break even. The rental experience has been relatively easy, though we do it all ourselves in terms of advertising, lease ag...
by TRC
Sun Mar 15, 2015 8:06 am
 
Forum: Personal Finance (Not Investing)
Topic: Rental Property
Replies: 22
Views: 1869

Re: Best Business Start-up?

A very low cost idea is a boutique recruiting firm (ie. job placement).
by TRC
Sat Mar 14, 2015 10:34 am
 
Forum: Personal Finance (Not Investing)
Topic: Best Business Start-up?
Replies: 16
Views: 1246

Re: Not sure what to do with rental condo

Well, it doesn't sound like you're motivated to sell it based on your experience so far. But if you were looking to sell, you have the opportune time to do so. Money invested in index funds is not a job. Being a landlord is. You have great tenants and that can make or break your landlord experience....
by TRC
Sat Mar 14, 2015 8:41 am
 
Forum: Personal Finance (Not Investing)
Topic: Not sure what to do with rental condo
Replies: 25
Views: 1752

Re: Where to retire in New England?

I live in MA but we have a vacation house in Maine just south of Portland. Portland is an amazing place.
by TRC
Wed Mar 11, 2015 8:09 pm
 
Forum: Personal Consumer Issues
Topic: Where to retire in New England?
Replies: 101
Views: 7879

Re: non-compete question

Hi Everyone, I work for a software company and am in field sales. I was required to sign a non-compete last year and I am looking to leave and potentially go to a competitor covering a completely different region. I'm currently selling in a completely different region (mid-west) and the new role wo...
by TRC
Tue Mar 10, 2015 10:52 am
 
Forum: Personal Finance (Not Investing)
Topic: non-compete question
Replies: 23
Views: 2144

non-compete question

Hi Everyone, I work for a software company and am in field sales. I was required to sign a non-compete last year and I am looking to leave and potentially go to a competitor covering a completely different region. I'm currently selling in a completely different region (mid-west) and the new role wou...
by TRC
Tue Mar 10, 2015 8:37 am
 
Forum: Personal Finance (Not Investing)
Topic: non-compete question
Replies: 23
Views: 2144

Mark Cuban "Tech Crash Coming" - do you agree?

[Thread merged into here, see below. --admin LadyGeek] Why This Tech Bubble is Worse Than the Tech Bubble of 2000 "If we thought it was stupid to invest in public internet websites that had no chance of succeeding back then, it’s worse today…. In the tech bubble it was Broadcast.com, AOL, Nets...
by TRC
Sat Mar 07, 2015 12:45 pm
 
Forum: Investing - Theory, News & General
Topic: Tech Stock Valuations--Mark Cuban's "Bubble"
Replies: 20
Views: 2387

Re: Is Wealthfront the best?

What are their fees and how do they compare to a low cost target date retirement fund from Vanguard, Fidelity or Schwab?

The latter is an easy answer to your problem.
by TRC
Fri Mar 06, 2015 7:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is Wealthfront the best?
Replies: 28
Views: 2666

Re: If you have $1 million...

We pay cash for our cars. My Wife's Odyssey is almost 6 years old with 90K miles on it. The kids trash it…it's like a rolling bedroom / playroom / kitchen, but we love it. I think we'll keep it to 150K - 200K miles assuming it doesn't give us problems. A nice detailing once or twice a year gives us ...
by TRC
Thu Mar 05, 2015 2:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: If you have $1 million...
Replies: 65
Views: 6534

Re: Riding Snoblower

Ralph - I have a diesel tractor with a shaft driven sniwblower attachment with a heated hardside cab and it is an amazing machine. That being said, 2-3k won't get you anything good in the new category. My blower attachment alone retails for $2,500. Used will be a stretch too. Stay away fr the big bo...
by TRC
Tue Mar 03, 2015 6:18 am
 
Forum: Personal Consumer Issues
Topic: Riding Snoblower
Replies: 13
Views: 1335

Re: Commission sales or salary?

Have him compare the two comp plans.
How many cars can he realistically expect to sell at both places and factor what the final earnings potential is. With the place that's offering him a good base, is the product as hot and easy to sell?
by TRC
Wed Feb 25, 2015 3:57 pm
 
Forum: Personal Consumer Issues
Topic: Commission sales or salary?
Replies: 15
Views: 1352

Re: Should I raise my tenants rent?

Speaking from experience, it's not worth it. A vacancy or bad tenant will more than eat up any extra money you might get from raising the rent.
by TRC
Mon Feb 16, 2015 2:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I raise my tenants rent?
Replies: 35
Views: 1961

Re: Tenants won't let us show the rental: what do we do?

get them out ASAP. They are likely hiding something (dirty, damage, etc.).
by TRC
Sat Feb 14, 2015 6:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tenants won't let us show the rental: what do we do?
Replies: 60
Views: 7351

Re: Scottsdale, AZ - what to do?

The weather was awesome. Cool at night but a scorcher during the day. I had to get myself out of the sun several times while near the pool. This quote really made me laugh; don't vist in the summer!!! Glad you enjoyed your trip! I bet! The sun is different out there for sure. I'm used to hot days h...
by TRC
Wed Feb 11, 2015 1:15 pm
 
Forum: Personal Consumer Issues
Topic: Scottsdale, AZ - what to do?
Replies: 42
Views: 3463

Re: Scottsdale, AZ - what to do?

OP, what did you and your significant other do during your trip to Scottsdale? Actually on a flight right now back to snowy boston! Our trip got extended an extra days due to the snow storm (on my company's dime!). We ended up eating at 3 really good restaurants for dinner: Cafe Monarch in Scottsda...
by TRC
Tue Feb 10, 2015 6:05 pm
 
Forum: Personal Consumer Issues
Topic: Scottsdale, AZ - what to do?
Replies: 42
Views: 3463

Re: Too many houses?

I own four houses... My question is this: should I sell something? If so, why and what? Since this is mainly an index based investing forum, you're likely going to get biased answers that say you should sell and be more in the stock market. I'm in a similar boat, thought we don't own as many houses...
by TRC
Thu Feb 05, 2015 10:05 am
 
Forum: Personal Finance (Not Investing)
Topic: Too many houses?
Replies: 37
Views: 6429

Re: How to respond when someone asks how much money you make

Just laugh it off and say "not nearly enough!".
by TRC
Thu Feb 05, 2015 9:59 am
 
Forum: Personal Finance (Not Investing)
Topic: How to respond when someone asks how much money you make?
Replies: 107
Views: 10734

Re: Perspectives on house with a pool

You're going to get two camps - those who love pools and those who think they are dangerous and a hassle. I live in a 4 season area (MA) and we installed a pool last year (cost more thank 100K). We absolutely love it and our kids & friends use it every day it's warm. Our season starts in June an...
by TRC
Wed Feb 04, 2015 9:05 am
 
Forum: Personal Consumer Issues
Topic: Perspectives on house with a pool
Replies: 34
Views: 2968

Re: What age did you become financially independent of paren

22, when I moved in with my girlfriend (now wife).
by TRC
Mon Feb 02, 2015 8:24 am
 
Forum: Personal Consumer Issues
Topic: What age did you become financially independent of parents?
Replies: 68
Views: 4923

Re: House flipping investing - Am I wrong or what? Please ad

Mrxyz wrote:…. they are flipping houses at a rate of 1 / month approximately.


At this rate, this should be RAKING IN PROFITS. Why do they need your money? If it sounds too good to be true, it usually is.
by TRC
Sat Jan 31, 2015 8:46 am
 
Forum: Personal Finance (Not Investing)
Topic: House flipping investing - Am I wrong or what? Please advice
Replies: 30
Views: 4570

Re: Book recommendations for a new investor and father.

The first book that got my juices flowing was "automatic millionaire" by David Bach.
by TRC
Fri Jan 30, 2015 10:07 am
 
Forum: Investing - Help with Personal Investments
Topic: Book recommendations for a new investor and father.
Replies: 8
Views: 740

Re: Scottsdale, AZ - what to do?

Thank you all for the suggestions! Very helpful.
by TRC
Thu Jan 29, 2015 8:47 pm
 
Forum: Personal Consumer Issues
Topic: Scottsdale, AZ - what to do?
Replies: 42
Views: 3463

Re: Bringing up 529s to the grandparents

When you become a grandparent, would you like your child's spouse to tell you what you can and cannot buy for your grandchild? I'd be thankful they are so generous to your kids.
by TRC
Thu Jan 29, 2015 7:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Bringing up 529s to the grandparents
Replies: 58
Views: 3280

Scottsdale, AZ - what to do?

Hi Everyone,

My wife and I will be visiting Scottsdale, AZ next week (after the superbowl). We're staying at the JW Marriot with no real plans (company reward trip). We are both in our late 30s and will have a rental car. Any suggestions on what to do while we're there?

Thanks,
TRC
by TRC
Thu Jan 29, 2015 10:47 am
 
Forum: Personal Consumer Issues
Topic: Scottsdale, AZ - what to do?
Replies: 42
Views: 3463

Re: What age did you move out?

At age 22. Spent 1 year after college living with my parents to save money and pay off student loans. Why did I move out? I couldn't stand living with my parents anymore!
by TRC
Thu Jan 29, 2015 8:00 am
 
Forum: Personal Consumer Issues
Topic: What age did you move out?
Replies: 117
Views: 5492

Re: Perplexed by Oil Heating Issue

I wouldn't give up on the HVAC guy yet. Who actually replaced the thermostat? What brand/model? Is that the correct one for your system? Can you swap thermostats? May help determine if it's wiring/connectors or problem with thermostats. Also, you can bypass the thermostat by connecting the wiring d...
by TRC
Tue Jan 27, 2015 6:30 pm
 
Forum: Personal Consumer Issues
Topic: Perplexed by Oil Heating Issue
Replies: 8
Views: 1053
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