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by investingdad
Wed May 20, 2015 7:53 am
Forum: Personal Consumer Issues
Topic: How much can I spend on a car?
Replies: 157
Views: 8577

Re: How much can I spend on a car?

So when I was 22 and right out of college (in 1995/1996) I was making 33K a year. I really wanted, and bought, a Honda del Sol. It cost me about 16K, about half my gross salary. I was NOT living at home, I had an apartment. And let me tell you, I REALLY struggled with paying my bills, my rent, my ca...
by investingdad
Mon May 18, 2015 10:40 am
Forum: Investing - Theory, News & General
Topic: Let's hear your Dave Ramsey success stories
Replies: 71
Views: 10031

Re: Let's hear your Dave Ramsey success stories

I've listened to Dave's show. As others alluded to, it's not just the message...it's how it's presented. Some boring guy that drones on about paying off debt isn't very exciting. But Dave does a good job providing an entertaining platform, letting real people talk to him about their situations, and ...
by investingdad
Mon May 18, 2015 10:35 am
Forum: Investing - Theory, News & General
Topic: Teaching 8 year old about stock market...
Replies: 22
Views: 1363

Re: Teaching 8 year old about stock market...

Yes, my 10 year old daughter was 9 when she asked me about how my wife and I invest money and what that means because she's overheard us talking about it. I explained to her that companies sometimes need more money than they have in order to make their business grow even bigger. So what those compan...
by investingdad
Mon May 18, 2015 8:27 am
Forum: Investing - Help with Personal Investments
Topic: Time to reach 1M and 2M milestones
Replies: 63
Views: 9287

Re: Time to reach 1M and 2M milestones

My wife and I each started saving / investing for retirement at age 22 (we met in our mid 20s). We reached $1 million at 38 so...sixteen years was how long it took us. I'm turning 42 this summer and am estimating we may break $2 million around 42 or, more likely, 43 based on our current net, so call...
by investingdad
Sat May 16, 2015 8:02 am
Forum: Personal Consumer Issues
Topic: Home Prices Are Way Too High
Replies: 26
Views: 3618

Re: Home Prices Are Way Too High

Non7WoodUser wrote:Renting is still a better option.

I could never get what I want in a rental house for my wife and kids. So I disagree.
by investingdad
Fri May 15, 2015 10:56 am
Forum: Personal Consumer Issues
Topic: Buying a New Construction Home - what do I need to consider
Replies: 14
Views: 1062

Re: Buying a New Construction Home - what do I need to consider

Good points on understanding how the open space and golf course are deeded. I spent a ton of time investigating the open space behind me, which is untouched woodland that goes down to a really big creek. I learned that it's held in permanent trust by the original builder and is permanetly protected ...
by investingdad
Fri May 15, 2015 9:04 am
Forum: Personal Consumer Issues
Topic: Buying a New Construction Home - what do I need to consider
Replies: 14
Views: 1062

Re: Buying a New Construction Home - what do I need to consider

My husband and I are considering buying a lot in a development and having a semi-custom home built. The development is a large planned community with golf course, club (gym/pool/spa), seven different "neighborhoods" with different characteristics. We are looking at lots in one of two neig...
by investingdad
Tue May 12, 2015 8:39 pm
Forum: Personal Consumer Issues
Topic: How much can I spend on a car?
Replies: 157
Views: 8577

Re: How much can I spend on a car?

I couldn't wait to move out and I relished the freedom that brought. I doubt much has changed in 20 years...find an apartment and buy an inexpensive car.

Just got out of a relationship and living at home? Blech....pass.
by investingdad
Mon May 04, 2015 12:11 pm
Forum: Personal Consumer Issues
Topic: What happens if you violate an HOA?
Replies: 35
Views: 3412

What happens if you violate an HOA?

As the title suggests, what happens if you violate an HOA in your community? Let me start by saying that our HOA is pretty loose in its rules, providing only minimal guidance on what is and is not permitted in our development. It focuses mostly on things like...no chain link fences, sheds must match...
by investingdad
Fri May 01, 2015 10:09 pm
Forum: Personal Consumer Issues
Topic: 2 Days in Bangkok
Replies: 17
Views: 1191

Re: 2 Days in Bangkok

One Night in Bangkok...

I always liked that song. A lot of people don't know it's about chess.
by investingdad
Fri May 01, 2015 9:02 am
Forum: Personal Finance (Not Investing)
Topic: The Engineer's Guide to Investing
Replies: 32
Views: 3078

Re: The Engineer's Guide to Investing

I am not an engineer but had several in the family. These are the points worth repeating: (1) high earnings during early career: save and invest as much as you can and let time work in your favor (2) do not fall in love with your company stock: if it is part of your compensation, diversify out of i...
by investingdad
Fri May 01, 2015 8:58 am
Forum: Personal Finance (Not Investing)
Topic: The Engineer's Guide to Investing
Replies: 32
Views: 3078

Re: The Engineer's Guide to Investing

As an engineer, my plan 1) Max out my 401k 2) Get out of debt 3) Max out my HSA 4) Max out my Roth 5) Contribute as much as I can to other investment vehicles 6) Go to work, wait until retirement, and reap the rewards I can assure you that this plan works. If you marry somebody on the same page and...
by investingdad
Sun Apr 26, 2015 8:09 pm
Forum: Personal Consumer Issues
Topic: How far away from a freight railroad track should you live?
Replies: 51
Views: 3345

Re: How far away from a freight railroad track should you li

I grew up in a small town and we were about a quarter mile from the tracks. Because I grew up listening to the train whistles, I actually enjoyed them. I used to visualize which set of crossings the trains were at when laying in bed at night with the windows open. So they don't bother me...other noi...
by investingdad
Sun Apr 26, 2015 12:20 am
Forum: Personal Finance (Not Investing)
Topic: Nice Round Number reached tonight
Replies: 32
Views: 4960

Re: Nice Round Number reached tonight

Congrats! I second the idea of telling your wife you went all in on a " sure thing " and lost it all! Blame it on peer pressure! I am surprised at your agressive asset allocation! How did you arrive at 83/17? I feel like I am being agressive with a 60/40 portfolio at 43 yrs old! :D "...
by investingdad
Sat Apr 25, 2015 9:12 pm
Forum: Personal Consumer Issues
Topic: [new position, facing an] hour commute (each way)
Replies: 52
Views: 3315

Re: does anyone have an hour commute (each way?)

compensation is far better - doubles my savings. commute is a little far. but hours are an hour or so less, so time wise, not as much. I am looking for tips. Used prius sounds great - or a diesel E class. satellite radio. I used to drive the distance you're looking at in the Philly area. Did it for...
by investingdad
Sat Apr 25, 2015 6:44 am
Forum: Personal Finance (Not Investing)
Topic: Hypothetical "Can he pull the plug?" [Retire early]
Replies: 39
Views: 3631

Re: "Assuming" could be a mistake.

Say further his employer has told him that his position will be eliminated in the next 6-18 months. He has not been given a termination notice yet. He assumes there will no severance package that will greatly enhance his situation if it comes to that, and no early retirement incentives. If I were t...
by investingdad
Mon Apr 20, 2015 9:36 am
Forum: Personal Finance (Not Investing)
Topic: One Spouse Outearning the Other?
Replies: 64
Views: 5503

One Spouse Outearning the Other?

http://money.cnn.com/2015/04/20/pf/couples-earnings-difference/index.html?iid=HP_LN The above article was on CNN this morning. My take was that it was more along the lines of, "what happens when the wife/gf outearns the husband/bf", type of article. My former girlfriend, now wife of 13 yea...
by investingdad
Sun Apr 19, 2015 7:45 pm
Forum: Personal Consumer Issues
Topic: Car for teenager
Replies: 52
Views: 3004

Re: Car for teen ager

She uses either bus or we provide her a ride. Car will make it easier and I can afford it. However my question was more around do folks give car at high school? Do they see issues related to safety or indiscipline if kids get cars in high school? Does it become an issue when they go to college say ...
by investingdad
Fri Apr 17, 2015 8:57 pm
Forum: Personal Finance (Not Investing)
Topic: engineers - please help with engineering school selection
Replies: 185
Views: 12046

Re: engineers - please help with engineering school selectio

I'll only say this since I posted earlier.... ...I majored in chemical engineering and squeaked by with a C+ average in my major. I studied a lot and I partied a LOT as well. I'm doing pretty well these days with regard to salary. Best memories are from the times spent lowering my GPA. I wouldn't do...
by investingdad
Fri Apr 17, 2015 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: engineers - please help with engineering school selection
Replies: 185
Views: 12046

Re: engineers - please help with engineering school selectio

As a chemical engineer that attended a party school that also is well respected for its engineering programs (believe it or not, those two can coexist)...I stronly encourage your son to think about which place he'd enjoy living at. Engineering is a tough program. From your post, it sounds like he'll...
by investingdad
Thu Apr 16, 2015 8:50 pm
Forum: Personal Consumer Issues
Topic: How do you quickly cool food?
Replies: 34
Views: 2550

Re: How do you quickly cool food?

Do you have access to liquid Nitrogen?

Or better yet, liquid Helium.
by investingdad
Tue Apr 14, 2015 9:45 am
Forum: Personal Finance (Not Investing)
Topic: Does your family know about your net worth (ball park)?
Replies: 98
Views: 11552

Re: Does your family know about your net worth (ball park)?

From looking at the recent annual income poll result, I think most BHs are already millionaires or will become one. Q1. Does your family (parents, siblings) know about your net worth (ball park figure)? Q2. Do you know their net worth? Q3. How does knowing one's net worth affect family relationship...
by investingdad
Mon Apr 13, 2015 10:25 pm
Forum: Personal Finance (Not Investing)
Topic: Talking to People About Retirement
Replies: 70
Views: 6618

Re: Talking to People About Retirement

It's funny...my employer offers financial workshops through Fidelity. One is for people that don't know how to get started saving for retirement, one is for people looking for portfolio advice, and another is for people getting ready to transition to retirement and want advice on how to start genera...
by investingdad
Sat Apr 11, 2015 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: Nice Round Number reached tonight
Replies: 32
Views: 4960

Re: Nice Round Number reached tonight

Our asset allocation is 83/17. I've been trying to increase the bond ratio over the last few years and get to 75/25 as we close in on fifty. Still have time for that.

As to my wife, she just looks at it as a number that could fizzle out tomorrow so she doesn't get real excited about increases.
by investingdad
Sat Apr 11, 2015 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Nice Round Number reached tonight
Replies: 32
Views: 4960

Re: Nice Round Number reached tonight

4nursebee wrote:TINK?


Question on kids? We have two in grade school.
by investingdad
Fri Apr 10, 2015 9:04 pm
Forum: Investing - Help with Personal Investments
Topic: Two Comma Club
Replies: 66
Views: 9042

Re: Two Comma Club

Congrats and well done!
by investingdad
Fri Apr 10, 2015 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: Nice Round Number reached tonight
Replies: 32
Views: 4960

Re: Nice Round Number reached tonight

lumberingc wrote:[OT comment removed by admin LadyGeek]

Thanks...interesting note...I saw your post about saving for a house. You and your wife earn more than we do. :happy
by investingdad
Fri Apr 10, 2015 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: Nice Round Number reached tonight
Replies: 32
Views: 4960

Nice Round Number reached tonight

Since I can't share this anywhere else and my wife's reaction was a very unimpressed, "uh huh", I just want to say upon updating tonight... $1.8 million. That is NOT bad for 41, no inheritance or windfalls, either. Just my wife and I being on the same page and plugging away as an accountan...
by investingdad
Fri Apr 10, 2015 10:17 am
Forum: Personal Consumer Issues
Topic: Declining to continue Interview Process
Replies: 26
Views: 3261

Re: Declining to continue Interview Process

Did your current employer get wind that you might be a flight risk? Seems like it might be more than coincidental that things suddenly and "unexpectedly turned for the good" at the same time you were interviewing elsewhere. The reason I bring this up is that I've seen this happen time and...
by investingdad
Fri Apr 10, 2015 7:24 am
Forum: Personal Consumer Issues
Topic: Declining to continue Interview Process
Replies: 26
Views: 3261

Declining to continue Interview Process

I'm looking for some feedback on the best way to decline a second interview without burning bridges or leaving negative impressions. I spoke with a company a couple of weeks ago and came away from the interview process feeling pretty good with how things went. It's a company that I could see myself ...
by investingdad
Thu Apr 09, 2015 6:03 am
Forum: Personal Finance (Not Investing)
Topic: Cost of College & Weighing the Merits of Top Schools
Replies: 304
Views: 17554

Re: Cost of College & Weighing the Merits of Top Schools

I think after reading all of this all I know for sure is...there are many roads to Rome.
by investingdad
Tue Apr 07, 2015 7:52 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of College & Weighing the Merits of Top Schools
Replies: 304
Views: 17554

Re: Cost of College & Weighing the Merits of Top Schools

My opinion is that it depends what your children intend to do for their careers. If they want to work at big Wall Street Banks, management consulting firms, Big Law firms, become a Supreme Court Justice and/or raise their chances of securing a tenure track academic faculty position then they should...
by investingdad
Tue Apr 07, 2015 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Cost of College & Weighing the Merits of Top Schools
Replies: 304
Views: 17554

Re: Cost of College & Weighing the Merits of Top Schools

My opinion is that it depends what your children intend to do for their careers. If they want to work at big Wall Street Banks, management consulting firms, Big Law firms, become a Supreme Court Justice and/or raise their chances of securing a tenure track academic faculty position then they should...
by investingdad
Sat Apr 04, 2015 8:29 pm
Forum: Investing - Help with Personal Investments
Topic: company limits employer 401k contributions?
Replies: 8
Views: 1060

Re: company limits employer 401k contributions?

Without a doubt it's a case of this HR group not wanting to bother. I got the impression that this company has a "We've always done it that way" mentality in other areas as well. I lost interest early in the interview. If you receive and decline an employment offer, do you plan to tell th...
by investingdad
Sat Apr 04, 2015 8:08 am
Forum: Investing - Help with Personal Investments
Topic: company limits employer 401k contributions?
Replies: 8
Views: 1060

Re: company limits employer 401k contributions?

Without a doubt it's a case of this HR group not wanting to bother. I got the impression that this company has a "We've always done it that way" mentality in other areas as well. I lost interest early in the interview.
by investingdad
Fri Apr 03, 2015 9:14 pm
Forum: Investing - Help with Personal Investments
Topic: company limits employer 401k contributions?
Replies: 8
Views: 1060

company limits employer 401k contributions?

I have been testing the job waters and interviewed with a privately held, smallish company. I talked to the HR person first and had to bite my tounge after she said they permit employees to contribute up to 15% of salary. I asked why the limit. She said, "well we know it could be changed to mor...
by investingdad
Sat Mar 21, 2015 7:19 am
Forum: Personal Finance (Not Investing)
Topic: What Age Did You First Ponder Financial Independence?
Replies: 74
Views: 7577

Re: What Age Did You First Ponder Financial Independence?

23

That's when I began saving and investing after crunching numbers to understand the benefits of compounding over decades.

Best.decision.ever.
by investingdad
Wed Mar 18, 2015 4:38 pm
Forum: Investing - Theory, News & General
Topic: [New Member Observations- Covered Calls, Financial Advisors]
Replies: 227
Views: 18508

Re: Observations from a first time poster, long time reader.

Commissions have come down nicely since the 90's! The bigger your account, the less boring this vanilla strategy becomes. This year I expect to take in $63,500 from covered calls and dividends on a portfolio of ~$1.3mn. About half of that is from covered calls. We're 41 and have a $1.5 million port...
by investingdad
Tue Mar 03, 2015 9:08 pm
Forum: Investing - Theory, News & General
Topic: "Lessons Learned With Stocks Up 60% From the Precrash High"
Replies: 12
Views: 3601

Re: "Lessons Learned With Stocks Up 60% From the Precrash Hi

The market highs have been fun, but I have been gradually working us from a 90/10 split to an 75/25 split. Doing this over a few years rather than all at once. Tough to swing over with the market moving up.
by investingdad
Sun Feb 22, 2015 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: How much has Bogleheads contributed to your net worth?
Replies: 58
Views: 4553

Re: How much has Bogleheads contributed to your net worth?

6miths wrote:It is hard to say. I think I was a Boglehead before I knew what a Boglehead was but it is certainly wonderful to have the community.


Same here. I was a practicing Boglehead starting at age 23 or so, back around 1996/97. I even managed to marry one.
by investingdad
Thu Feb 19, 2015 7:28 pm
Forum: Personal Consumer Issues
Topic: What video games are you currently playing?
Replies: 172
Views: 11554

Re: What video games are you currently playing?

Guild Wars 2 and Star Wars: The Old Republic. In fact, my username and avatar are my Juggernaut tank . Granted, I've leveled 10 Juggs now, it's a sickness. Peace is a lie. The warrior story is awesome. Except for marauders. STOP PULLING STUFF! Argh... :P Both of the Knights of the Old Republic are ...
by investingdad
Sat Feb 07, 2015 8:38 am
Forum: Personal Finance (Not Investing)
Topic: How to make this fair: gifting to kids with different means
Replies: 108
Views: 9519

Re: How to make this fair: gifting to kids with different me

My kids are in grade school right now, but if this situation arises for my wife and I...we'd gift them the same. My wife and her brother are very close to what the OP describes. In this case, we already know that her parents intend to give us certain items of value rather than money. Which is fine f...
by investingdad
Sun Feb 01, 2015 1:20 pm
Forum: Personal Consumer Issues
Topic: What age did you become financially independent of parents?
Replies: 68
Views: 5067

Re: What age did you become financially independent of paren

23...same age when I moved out based on having landed first engineering job.
by investingdad
Fri Jan 30, 2015 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Interview question...salary
Replies: 30
Views: 3874

Re: Interview question...salary

As the poster above me suggested, I decided to do just that. I replied back with a salary range that placed my current salary right in the middle. Nothing. No further follow-up by the company by email or voicemail. I am not surprised and I expected this. Also, I'm 95% sure that I had done the final ...
by investingdad
Thu Jan 29, 2015 11:14 am
Forum: Personal Consumer Issues
Topic: What age did you move out?
Replies: 117
Views: 5628

Re: What age did you move out?

I don't count living in the dorms away at school as "moving out", since I was not responsible for paying any rent or bills, and I spent all breaks back home with my parents. I lived with my parents for almost a year after I came home from college, while I worked part-time and looked for a...
by investingdad
Thu Jan 29, 2015 7:32 am
Forum: Personal Consumer Issues
Topic: cvt transmissions
Replies: 45
Views: 2950

Re: cvt transmissions

I have a newer Nissan Maxima with a CVT, it's the first car I've owned that wasn't a stick shift. Never having owned an automatic, I don't know what a traditional automatic is supposed to feel like. To me, the the CVT is great and paired with a V6 is pretty nice. I hated getting away from stick shif...
by investingdad
Wed Jan 28, 2015 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Interview question...salary
Replies: 30
Views: 3874

Re: Interview question...salary

Waste another day. It's good practice for the next one, if nothing else. You can always say no; if you make a strong impression, maybe they'll counter. Except it's a vacation day I'd need to burn. Which means I'm being picky and choosy before just going off interviewing. Only if I think it's someth...
by investingdad
Wed Jan 28, 2015 1:19 pm
Forum: Personal Consumer Issues
Topic: Workplace net worth conversations you'd like to avoid?
Replies: 87
Views: 9684

Re: Workplace net worth conversations you'd like to avoid?

You probably were right to say nothing, but can you tell us what money advice they gave you? It was actually fine: Start thinking about retirement before you get too much older. Try to contribute to the 401k. No harm, no foul there. But, I do get the distinct sense that the person who is my peer, d...
by investingdad
Wed Jan 28, 2015 11:32 am
Forum: Personal Consumer Issues
Topic: Determining House Needs
Replies: 12
Views: 1561

Re: Determining House Needs

We built a house that was driven by the following: - both my wife and I grew up in small ranchers and wanted space - wanted a house that would easily accomodate a family of four - wanted a house that worked with the sun, not against it (orientation and facing direction) - wanted a house that would p...

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