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Re: What do you splurge on?

Doom&Gloom wrote:
flyingaway wrote:My wife is taking about splurging on a robotic vacuum cleaner this Christmas. I consider that as a "toy", not a serious vacuum cleaner.


You may re-consider after you see it in action. I had the same attitude, but we love ours.

Which one do you have; we're thinking of getting one as well.
by jay22
Tue Dec 09, 2014 5:07 pm
 
Forum: Personal Consumer Issues
Topic: What do you splurge on?
Replies: 231
Views: 19417

Re: Share your networth progression

Our parents gave us many things including love, sheltered, moral values and an education through high school. After leaving home (me 18 years, DW 19 years) they gave us good advice only. Everything else we did ourselves, the two of us, working together day-after-day, year-after-year. I have always ...
by jay22
Fri Dec 05, 2014 6:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Share your networth progression
Replies: 132
Views: 24097

Re: Giving money to your alma mater: Have to vent

I will make a donation to my alma mater the day they start paying more to the professors than to the football coach. I can't think of a single school that doesn't pay the professors significantly more than the football coach. The professors just choice to split the money evenly instead of paying th...
by jay22
Wed Dec 03, 2014 6:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Giving money to your alma mater: Have to vent
Replies: 166
Views: 16490

Re: Giving money to your alma mater: Have to vent

I will make a donation to my alma mater the day they start paying more to the professors than to the football coach.
by jay22
Wed Dec 03, 2014 5:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Giving money to your alma mater: Have to vent
Replies: 166
Views: 16490

Re: Favorite nonfiction books

mlipps wrote:Unbroken is undoubtedly one of mine, and it's on sale for the Kindle today for $3. I plan to see the movie with my parents on Christmas Day.

Same here. Read that book early this year and I am still in awe of that book. Probably the best book I've read in my lifetime.
by jay22
Tue Nov 25, 2014 2:14 pm
 
Forum: Personal Consumer Issues
Topic: Favorite nonfiction books
Replies: 117
Views: 9629

Re: Appliance Protection Plan

Appreciate your responses, as always. We're first time home buyers and this will be the first time we'll purchase all these appliances - which is the prime reason I am thinking whether it makes sense to buy the plan or not, since we don't have any experience with dealing with these repairs and how ...
by jay22
Fri Nov 14, 2014 7:40 pm
 
Forum: Personal Consumer Issues
Topic: Appliance Protection Plan
Replies: 13
Views: 727

Re: Does anyone here make "fun" purchases.

My frivolous purchase story: Last year I did an "exotic car tour." It cost $1000 and entailed spending a day driving through the mountains in a series of 8 exotic cars. Lamborghini, Maserati, Porsche, Lotus, etc. It was fantastic and I would totally do it again. It's a story I will tell m...
by jay22
Fri Nov 14, 2014 1:36 pm
 
Forum: Personal Consumer Issues
Topic: Does anyone here make "fun" purchases.
Replies: 111
Views: 8488

Re: Appliance Protection Plan

Appreciate your responses, as always. We're first time home buyers and this will be the first time we'll purchase all these appliances - which is the prime reason I am thinking whether it makes sense to buy the plan or not, since we don't have any experience with dealing with these repairs and how m...
by jay22
Fri Nov 14, 2014 1:07 pm
 
Forum: Personal Consumer Issues
Topic: Appliance Protection Plan
Replies: 13
Views: 727

Appliance Protection Plan

We're buying new appliances for the kitchen pretty soon (either from Lowes, or HD) and wondering if we need to buy the protections plans with it. HD is charging $200 for a 5 year protection plan for refrigerator (costs $1500) and $100 each for both washer and dryer (costs $500 each). What do you guy...
by jay22
Thu Nov 13, 2014 10:30 pm
 
Forum: Personal Consumer Issues
Topic: Appliance Protection Plan
Replies: 13
Views: 727

Re: Obligation to Parents?

I come from an Asian background and my husband is white. My parents were frugal and managed to save up over a million for retirement on a blue collar salary. So yes, you could say there were responsible. However, due to my sibling basically defrauding them of all their money, and then some serious ...
by jay22
Thu Nov 13, 2014 7:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Obligation to Parents?
Replies: 77
Views: 4230

Re: Ashley Furniture

Ashley sells cheap furniture that is made in China. You can tell it's cheap by the joints, which are glued or stapled together. It will probably look and work perfectly fine for a number of years, but don't expect to pass it down to your children or grandchildren. For that kind of quality, you pay ...
by jay22
Tue Nov 04, 2014 12:05 pm
 
Forum: Personal Consumer Issues
Topic: Ashley Furniture
Replies: 42
Views: 3431

Re: Ashley Furniture

Thanks for all the replies. I am hesitant to buy any "soft" furniture (couch, mattress) from Craigslist/thrift stores because of obvious reasons. Don't want to deal with online stores because returns will be a pain if I need to make one. I know I can get a better deal from online stores, b...
by jay22
Tue Nov 04, 2014 11:19 am
 
Forum: Personal Consumer Issues
Topic: Ashley Furniture
Replies: 42
Views: 3431

Ashley Furniture

Has anyone here bought furniture from Ashley Furniture Store? We went there recently and liked the stuff, even though it seemed a bit more expensive that other stores. I don't mind spending the extra money if product is of good quality. Any reviews you guys can give? Thanks.
by jay22
Mon Nov 03, 2014 6:30 pm
 
Forum: Personal Consumer Issues
Topic: Ashley Furniture
Replies: 42
Views: 3431

Re: Using your own equipment on Uverse and Comcast

The people who are using their own modem and router, which router do you use? Any recommendations? I am planning to buy my own and stop paying rent to Comcast.
by jay22
Wed Oct 29, 2014 5:43 pm
 
Forum: Personal Consumer Issues
Topic: Using your own equipment on Uverse and Comcast
Replies: 23
Views: 2423

Re: New appliances - Stainless Steel or not?

DTSC wrote:You mentioned that you wife wanted stainless steel. I guess that settles that.

/thread, I suppose. :D
by jay22
Tue Oct 28, 2014 8:18 pm
 
Forum: Personal Consumer Issues
Topic: New appliances - Stainless Steel or not?
Replies: 56
Views: 3528

Re: New appliances - Stainless Steel or not?

GregR wrote:
I thought you were going to ask if it worth the money

Well, do you think they are worth the money then?
by jay22
Tue Oct 28, 2014 4:00 pm
 
Forum: Personal Consumer Issues
Topic: New appliances - Stainless Steel or not?
Replies: 56
Views: 3528

Re: New appliances - Stainless Steel or not?

We have a Frigadaire Gallery "smudge-proof" stainless steel stove, microwave and refrigerator - it has a protective coating on the stainless steel. We love it - it looks great and is easy to take care of. It's the only stainless steel kitchen appliance I would own. In contrast, we have a ...
by jay22
Tue Oct 28, 2014 1:13 pm
 
Forum: Personal Consumer Issues
Topic: New appliances - Stainless Steel or not?
Replies: 56
Views: 3528

Re: New appliances - Stainless Steel or not?

EDIT: Do people realize that these are tools and not museum pieces? One of my new leading indicators for knowing if I have too much free time will be whether I am concerned about stainless steels susceptibility to finger prints. So, we buy tools that require less maintenance to look nice and clean,...
by jay22
Tue Oct 28, 2014 1:13 pm
 
Forum: Personal Consumer Issues
Topic: New appliances - Stainless Steel or not?
Replies: 56
Views: 3528

New appliances - Stainless Steel or not?

We're getting ready to buy new appliances for our home and though my wife wants all SS appliances in the kitchen, I am a bit reluctant to go with those as I think cleaning them and maintaining them in general will be a pain. Is that true, or I am just being paranoid? What is your experience with SS ...
by jay22
Tue Oct 28, 2014 10:55 am
 
Forum: Personal Consumer Issues
Topic: New appliances - Stainless Steel or not?
Replies: 56
Views: 3528

Re: Buying First Home Opinions

I remember a thread on here a few months ago regarding 15 vs 30 year fixed rates and my recollection (by someone smarter than myself) was anything less than 1% of a difference btw 15 and 30 year fixed (with the difference invested vs paid down), the 30 year came out ahead. Over 1% difference btw th...
by jay22
Mon Oct 27, 2014 2:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying First Home Opinions
Replies: 17
Views: 1554

Re: Buying First Home Opinions

We were in your position last year with our 2nd house. We ended up with a 30 year and put an extra payment a month to principle. It doesnt completely offset the amount of interest but its a bit of a relief in case something happens (such as child #2) and we can scale back. If you decide to have kid...
by jay22
Mon Oct 27, 2014 1:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying First Home Opinions
Replies: 17
Views: 1554

Negotiations with lenders

After getting my offer accepted by the seller, I started negotiating the rates with 4-5 lenders. Their rates are equal, the only difference is the fees and buyer credit. Is there a way I can negotiate with these lenders asking for a better deal compared to what another one is offering? This is my fi...
by jay22
Tue Oct 21, 2014 3:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Negotiations with lenders
Replies: 3
Views: 450

Re: "I've had it" at work - how often

OT but, I am sure there's a lot of us who'll stay in the job we hate just to ensure that we're covered by the employer's health plan. That says a lot about how pathetic the healthcare system in this country is.
by jay22
Tue Oct 21, 2014 12:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: "I've had it" at work - how often
Replies: 151
Views: 12719

Re: How did you get from $1M to $10M

Thanks for the responses so far. 1. I want $10M because I want to spend it (meaningfully) and share it with others 2. My plan is to enjoy my work more and more as time goes by. So retiring is not a goal, it may be a choice at some point. 3. When I reach $10M, look for my next post of going from $10...
by jay22
Thu Oct 16, 2014 2:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: How did you get from $1M to $10M
Replies: 46
Views: 4146

Re: Headed for a 300+ point loss today?

Kicking myself right now that I don't have spare cash to throw in the market. Need to save for the down payment of the house we're buying soon. The market's been going down steadily since I last made purchases for the taxable account. Ugh!
by jay22
Mon Oct 13, 2014 5:15 pm
 
Forum: Investing - Theory, News & General
Topic: Headed for a 300+ point loss today?
Replies: 464
Views: 36386

Re: Wife Expecting, Down to One Income Source

surfstar wrote:
Calm Man wrote:So guys, don't quite work because you have a child.....


I don't have any kids, but want to quit working!

You are not alone, my friend. :D
by jay22
Tue Oct 07, 2014 1:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Wife Expecting, Down to One Income Source
Replies: 116
Views: 9054

Re: How can I stop feeling depressed about my finances?

Give technical/proposal writing a serious consideration. A friend of mine with similar background as yours started working as one couple of years ago and makes 70K today. Pretty good for a 27 year old.
by jay22
Mon Oct 06, 2014 12:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: How can I stop feeling depressed about my finances?
Replies: 130
Views: 14799

Re: Advisable to buy a home for short term?

I like the rule of thumb "5 years or less, rent. 5 or more, buy." It's just a rule of thumb and you'll want to run the numbers either way, but in our situation we have found it to be pretty reliable. My wife and I just went through this mental exercise on a timeline of about 3-4 years. Wh...
by jay22
Mon Oct 06, 2014 10:28 am
 
Forum: Personal Consumer Issues
Topic: Advisable to buy a home for short term?
Replies: 10
Views: 1147

Re: Advisable to buy a home for short term?

I don't think it makes any sense to pick a house based on good schools for children who aren't even conceived yet. So many things could change in 7-8 years. You could end up getting new jobs in an entirely different part of the country. New schools could open, existing schools could improve or get ...
by jay22
Mon Oct 06, 2014 10:26 am
 
Forum: Personal Consumer Issues
Topic: Advisable to buy a home for short term?
Replies: 10
Views: 1147

Re: Advisable to buy a home for short term?

I assume you are asking if it is FINANCIALLY worth buying a home knowing you will move in 6-8 years. It depends on: Appreciation value of real estate in the area What happened to the local housing market in 2008 Rent in the area Cost of house you would be buying, along with taxes, maintenance, comm...
by jay22
Sun Oct 05, 2014 7:29 pm
 
Forum: Personal Consumer Issues
Topic: Advisable to buy a home for short term?
Replies: 10
Views: 1147

Advisable to buy a home for short term?

Do you think it is advisable to buy a house when you know you will be moving from there in 6-8 years? We're in process of looking for out first home and till now, were focusing on areas with excellent schools (rates 9+). That area is 25 odd miles from where we both work, so the morning/evening commu...
by jay22
Sun Oct 05, 2014 5:25 pm
 
Forum: Personal Consumer Issues
Topic: Advisable to buy a home for short term?
Replies: 10
Views: 1147

Re: Do you deviate from the BH philosophy?

villars wrote:I do not deviate. I'm also a 3-fund adherent whenever I can.
One benefit of being a new boglehead. :wink:

Same here.
by jay22
Thu Oct 02, 2014 8:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: Do you deviate from the BH philosophy?
Replies: 64
Views: 4336

Re: Should I add REIT/SCV?

LadyGeek, Yes, my wife's OK with it. :) I handle the investments (her account as well as mine) but I do let her know whenever I make any changes or when I add new contributions. I listed by crappy 401K choices here: http://www.bogleheads.org/forum/viewtopic.php?f=1&t=145351 I am putting it all i...
by jay22
Thu Oct 02, 2014 6:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I add REIT/SCV?
Replies: 10
Views: 836

Re: Should I add REIT/SCV?

placeholder wrote:I suggest reading over Trev's analysis:
http://www.bogleheads.org/forum/viewtopic.php?f=10&t=38374

This is a great thread, thanks.
by jay22
Thu Oct 02, 2014 1:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I add REIT/SCV?
Replies: 10
Views: 836

Should I add REIT/SCV?

I have been steadily investing for the past 2 years and have finally reached a 6 figure portfolio (currently at 110K). Currently, my portfolio is 100% indexed across 2 taxable and 2 IRA accounts - 60% TSM, 30% TISM and 10% TBM with TBM is my wife's and my IRAs. I am not including my 401K here since ...
by jay22
Thu Oct 02, 2014 10:42 am
 
Forum: Investing - Help with Personal Investments
Topic: Should I add REIT/SCV?
Replies: 10
Views: 836

Re: Investing priority

What I would do is on an annual basis roll my 401k over to an IRA that does not have ridiculous retirement fee's (The obvious being Vanguard Targeted Retirement Funds). So while your 401k amount will (sadly) have to suck up those bad fee's, your overall retirement amounts will not because you are c...
by jay22
Tue Sep 30, 2014 11:49 am
 
Forum: Investing - Theory, News & General
Topic: "How Retirement Fees Cost You"
Replies: 28
Views: 2945

Re: "How Retirement Fees Cost You"

What I would do is on an annual basis roll my 401k over to an IRA that does not have ridiculous retirement fee's (The obvious being Vanguard Targeted Retirement Funds). So while your 401k amount will (sadly) have to suck up those bad fee's, your overall retirement amounts will not because you are c...
by jay22
Tue Sep 30, 2014 10:23 am
 
Forum: Investing - Theory, News & General
Topic: "How Retirement Fees Cost You"
Replies: 28
Views: 2945

Re: What Is the Best Way to Shop Mortgage Rates

I second Zillow. The mortgage brokers there are home operated no name brokers with hundreds of reviews guaranteeing their work quality to some extent. They are cheaper because they do not have the overhead that bigger companies out there have. Top it with the fact that most of them are local. How d...
by jay22
Wed Sep 24, 2014 5:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: What Is the Best Way to Shop Mortgage Rates
Replies: 7
Views: 757

Re: We have a grocery problem... [Household budget]

The single biggest factor, though, is 98% vegetarian diet and cooking at home extensively. Hope that helps! I guess it depends , and I wouldn't make generalizations. A vegetarian who goes Whole Foods organic may have pretty big deals or even higher relative to someone who gets lower or "reguar...
by jay22
Mon Sep 22, 2014 5:02 pm
 
Forum: Personal Consumer Issues
Topic: We have a grocery problem... [Household budget]
Replies: 158
Views: 11378

Re: We have a grocery problem... [Household budget]

Note sure if this will help, but here's another data point for you to consider. Have you considered leaning towards vegetarian food for most of your meals? My wife and I cook a lot at home and eat out 2-3 times a week and we seldom go over $350/month (that's excluding any cleaning supplies, toiletri...
by jay22
Mon Sep 22, 2014 1:40 pm
 
Forum: Personal Consumer Issues
Topic: We have a grocery problem... [Household budget]
Replies: 158
Views: 11378

Re: Do I Really Need a Million Bucks?

The average boglehead does not make 6 figures According to the Net Worth Survey done on this site (and recognizing potential selection bias) the average boglehead does make 6 figures and does have 7 figure net worth. Can you please post the link to that thread? In any case, people who chose to resp...
by jay22
Sat Sep 20, 2014 6:05 pm
 
Forum: Personal Consumer Issues
Topic: Do I Really Need a Million Bucks?
Replies: 50
Views: 3766

Re: Do I Really Need a Million Bucks?

I need a million just to live, my goal is once my present consumption portfolio reaches 1M to put it all in 3% CDs and take 1.5% for living expenses and reinvest the other 1.5% to keep up with inflation with compounding and live my life. My retirement, i would like to replace my current income with...
by jay22
Sat Sep 20, 2014 1:55 pm
 
Forum: Personal Consumer Issues
Topic: Do I Really Need a Million Bucks?
Replies: 50
Views: 3766

Re: What Book Are You Currently Reading? Part V

market timer wrote:Couldn't put down Flash Boys until it was finished. Fantastic storytelling from Michael Lewis. Once again sticking with the free material on Kindle Unlimited, I've just started The Good Earth, by Pearl S. Buck.

Read Flash Boys last month. Incredible book!
by jay22
Thu Sep 18, 2014 12:41 pm
 
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part V
Replies: 3372
Views: 1229184

Re: Any success stories of ppl who never made >$50,000?

Maybe we need to reset this thread and specify $50k income in 2014 dollars, because obviously we're getting responses about cases of never earning more than $50k, back when $50k was a very, very generous income. And we need to decide if it's $50k personal income, maybe x2, or the approximately-aver...
by jay22
Tue Sep 16, 2014 6:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Any success stories of ppl who never made >$50,000?
Replies: 149
Views: 10411

Re: Any success stories of ppl who never made >$50,000?

This is a tough crowd to hang with if you are merely "middle class" which is too bad because the principles are the same. I have noticed several lower income first time posters that don't seem to come back after their first post. Agreed. I made <50k until about two years ago, and was able...
by jay22
Tue Sep 16, 2014 3:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Any success stories of ppl who never made >$50,000?
Replies: 149
Views: 10411

Re: Why should young people invest in bonds at all?

Because when, not if, but when the market tanks 30 or 40% the next time you will have money to jump in and make $$ on the recovery by rebalancing. Am I the only one who's thick enough to not know what that means!? :?: I'm still relatively new to investing so take this with a grain of salt. I believ...
by jay22
Tue Sep 16, 2014 10:36 am
 
Forum: Investing - Help with Personal Investments
Topic: Why should young people invest in bonds at all?
Replies: 87
Views: 8133

Re: Why should young people invest in bonds at all?

midareff wrote:
Because when, not if, but when the market tanks 30 or 40% the next time you will have money to jump in and make $$ on the recovery by rebalancing.

Am I the only one who's thick enough to not know what that means!? :?:
by jay22
Mon Sep 15, 2014 4:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: Why should young people invest in bonds at all?
Replies: 87
Views: 8133

Re: Why is REIT only sector fund recommended in slice & dice

Is there any data which shows past performance with a conventional 3 fund portfolio vs one with tilt towards REIT or SCV?
by jay22
Mon Sep 15, 2014 3:04 pm
 
Forum: Investing - Theory, News & General
Topic: Why is REIT only sector fund recommended in slice & dice?
Replies: 113
Views: 8189

Re: Why is REIT only sector fund recommended in slice & dice

abuss368 wrote:
Hi jay22,

I am unsure if Small Cap Index is recommended, but most often Small Cap Value is mentioned.

Best.

Interesting. Any idea why Small Cap Value is recommended to tilt instead of Small Cap Index?
by jay22
Fri Sep 12, 2014 6:26 pm
 
Forum: Investing - Theory, News & General
Topic: Why is REIT only sector fund recommended in slice & dice?
Replies: 113
Views: 8189
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