Search found 216 matches

by playtothebeat
Wed Aug 26, 2015 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: Got a great entry level full time offer (70K + 10K signing bonus), not sure if I should accept or decline
Replies: 35
Views: 4394

Re: Got a great entry level full time offer (70K + 10K signing bonus), not sure if I should accept or decline

I took one of these analyst jobs at a big bank fresh out of college. I interned prior to it at the same office, and liked what I saw as a combination of income/balance/hours/etc. I looked at it like this: if I don't like it in one or two years, I can always find something else. To that point I actua...
by playtothebeat
Tue Aug 25, 2015 10:54 am
Forum: Personal Finance (Not Investing)
Topic: Books to help a couple working out a budget
Replies: 34
Views: 2304

Re: Books to help a couple working out a budget

I still don't see exactly what the problem actually is. Maybe I'm misunderstanding your questions. Do you know how much you make each month? Do you know how much you spend on required bills? Do you know how much you do or need to put away into retirement/savings/etc? Take the first, minus the second...
by playtothebeat
Mon Aug 24, 2015 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage questions
Replies: 2
Views: 379

Re: Mortgage questions

Since you have enough downpayment for ~15%, you can get a loan without PMI. Shop around. Plenty of lenders doing no PMI loans at 85% or 90% of value.
by playtothebeat
Tue Aug 18, 2015 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: Mechanics of using Roth IRA as emergency fund
Replies: 11
Views: 1464

Re: Mechanics of using Roth IRA as emergency fund

I just went through this, and hopefully handled it correctly. I logged into my Vanguard. Checked the history of my ROTH account and saw that I made $16k worth of CONTRIBUTIONS over the past few years (had to search for transactions based on the "Buy" type of transaction and add them up man...
by playtothebeat
Thu Jul 23, 2015 1:46 pm
Forum: Personal Consumer Issues
Topic: Best Place to live for a young family?
Replies: 42
Views: 4616

Re: Best Place to live for a young family?

I'm in Orange County (Irvine) and can't imagine being anywhere else due to the combination of weather, the community (Woodbridge), the school district, and all the things you can do (beach, mountains, surf, biking, shopping, arts, etc; admittedly I don't get a chance to take advantage of all of it y...
by playtothebeat
Tue Jul 21, 2015 10:37 am
Forum: Personal Finance (Not Investing)
Topic: How do people afford children with a SAHS?
Replies: 183
Views: 11182

Re: How do people afford children with a SAHS?

I would consider refinancing, but I just got the loan last September. That is not a good reason not to refinance if you can get rid of the PMI and get a lower rate. This. Doesn't matter if you closed the loan yesterday. If there is no prepay penalty, there's no reason not to try to refi, especially...
by playtothebeat
Mon Jul 20, 2015 9:08 am
Forum: Personal Finance (Not Investing)
Topic: Hard Money Loans
Replies: 26
Views: 2998

Re: Hard Money Loans

Have you looked at Prosper, Lenderclub, etc?
by playtothebeat
Wed Jul 15, 2015 6:47 pm
Forum: Personal Consumer Issues
Topic: selling a domain name
Replies: 10
Views: 561

Re: Best practices for selling a domain name

I sold one a few years ago for like $250. got an email offer out of the blue for $100. told them I want $250 (I think I was looking to buy a specific item for $250 at the time, so figured why not try), and they purchased without asking further question. was a very seamless process (there is a servic...
by playtothebeat
Wed Jul 15, 2015 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: Need to Refi 1st Mortgage but under water $110k
Replies: 27
Views: 2367

Re: Need to Refi 1st Mortgage but under water $110k

Cindyjrn wrote:I didn't write that. You misused the quote feature.


yep realized that right after I hit send, and corrected :)
by playtothebeat
Wed Jul 15, 2015 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: Need to Refi 1st Mortgage but under water $110k
Replies: 27
Views: 2367

Re: Need to Refi 1st Mortgage but under water $110k

But if they can't afford the INTEREST-only payments at 5.5%, they can't afford to pay principal and interest at any likely interest rate. that's an interesting assessment. not sure if it's right. I just went through something similar, and refied a 6.5% I/O mortgage to a 4.25% 30-year. My payment we...
by playtothebeat
Wed Jul 15, 2015 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: Having Trouble buying big ticket item
Replies: 57
Views: 4643

Re: Having Trouble buying big ticket item

Funny, I'm sort of in the same ballpark as you, OP, although on a somewhat different note. I have no problem buying a big ticket item for my wife or my son. However, when it comes to buying something for myself (looking at a new lens right now for my Nikno, which will run ~$1k), I constantly overthi...
by playtothebeat
Tue Jul 14, 2015 6:08 pm
Forum: Personal Consumer Issues
Topic: Issues with new flooring
Replies: 2
Views: 506

Issues with new flooring

Curious if anyone has any opinions on what I can do here.. Earlier this year, I had new flooring (luxury vinyl planks; floating installation over concrete subfloor) put in throughout the downstairs area of my house following a flood a couple months prior to that. Shortly after the flooring was insta...
by playtothebeat
Tue Jul 14, 2015 12:05 am
Forum: Personal Finance (Not Investing)
Topic: Good Mortgage Companies?
Replies: 21
Views: 1725

Re: Good Mortgage Companies?

I just refinanced with WJ Bradley and had a great experience. My mortgage situation was somewhat unusual and all other lenders struggled with it (title issues; wife's mortgage from her prior marriage, etc). WJB was able to make it work and bring in a lender to do the 2nd concurrently. PM me if you w...
by playtothebeat
Fri Jul 10, 2015 9:27 am
Forum: Personal Finance (Not Investing)
Topic: San Francisco Bound - Need Salary Advice
Replies: 55
Views: 5514

Re: San Francisco Bound - Need Salary Advice

Am I missing something about 265 not being more than enough to accomplish what the OP wants? Rough math..: 265 gross 45% tax => 145 net Let's say 5k rent => 60k/year, leaving him with 85k for everything else Let's say 30k into retirement accounts (after tax for the ease of math) => 55k or about 5k p...
by playtothebeat
Tue Jul 07, 2015 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: Need help: valuation of IP royalties for buyout proposal
Replies: 8
Views: 472

Re: Need help: valuation of IP royalties for buyout proposal

Talk to an expert. There are consultants who specialize in this very thing. A lawyer could be a good start, but usually a lawyer will be just the one documenting and advising from a legal standpoint, probably not doing the math himself (he'll likely contract with a consultant, in fact)
by playtothebeat
Mon Jul 06, 2015 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: I'm spending 20% more than what i estimate. Easy way to track my expenses?
Replies: 52
Views: 4337

Re: I'm spending 20% more than what i estimate. Easy way to track my expenses?

I've just signed up for Mint. Looks good but: it appears that I cannot use Trends to compare spending across months, just look at a total over a given period of time. If I click on "compare food spending to last month" under "graphs to try" on the left, it does implement "c...
by playtothebeat
Fri Jul 03, 2015 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Average raises for promotions
Replies: 32
Views: 3808

Re: Average raises for promotions

That's a complicated question to answer. Our "typical" raise for promotion is around 8%, but that also puts the person lower in their "compensation ratio range", which means that they'll probably get larger raises in future years than they otherwise would have received. It also ...
by playtothebeat
Tue Jun 30, 2015 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Negotiating a Job Offer
Replies: 41
Views: 6017

Re: Negotiating a Job Offer

They are going to bring me in at the Consultant level for a short time, until I basically "prove" myself worthy and capable of performing at the next level. I will also be sure to get this noted somewhere in the offer. Yes, make sure that is in writing if at all possible. Further, if you ...
by playtothebeat
Mon Jun 22, 2015 7:07 pm
Forum: Personal Finance (Not Investing)
Topic: Work Relocation Opportunity
Replies: 11
Views: 1664

Re: Work Relocation Opportunity

Do not buy a house in Dallas.
Rent for a year or two to start. Figure out which neighborhoods you like, etc. For all you know, you might hate Dallas. Why tie yourself down that quickly?
by playtothebeat
Sun Jun 21, 2015 9:40 am
Forum: Personal Finance (Not Investing)
Topic: How to enter new career after hitting Financial Indepence
Replies: 11
Views: 2475

Re: How to enter new career after hitting Financial Indepence

I don't think someone in your positions needs to worry nearly as much as the regular Joe about the "how" of getting a job at an older age. I imagine you have a great network of professionals in your industry and likely other industries who can introduce you to people or opportunities. Seem...
by playtothebeat
Thu Jun 18, 2015 5:55 pm
Forum: Personal Consumer Issues
Topic: Pre-approval and credit score
Replies: 5
Views: 831

Re: Pre-approval and credit score

I imagine the impact is extremely minimal. I just went through something very similar while trying to refi my house. I gave the "ok" to a mortgage broker to start the underwriting (which involved pulling my credit, of course). Half way through the underwriting process, my wife lost her job...
by playtothebeat
Thu Jun 18, 2015 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey
Replies: 53
Views: 9796

Re: Dave Ramsey

I have never heard of a college degree in "real estate". :confused Just at middling schools like Penn, Wisconsin-Madison, UC Berkeley, NYU, and the like. :P No, those schools confer degrees in "Business Administration Real Estate". Like I said, I have never heard of a bachelor's...
by playtothebeat
Thu Jun 18, 2015 11:07 am
Forum: Personal Consumer Issues
Topic: How much do your children cost per month?
Replies: 83
Views: 7161

Re: How much do your children cost per month?

Many people ignore the expense of having two working parents while paying daycare and it's associated costs, and the quality of life associated with that hectic lifestyle. Some people may be better off going to one single salary, whether the stay-at-home parent is male or female is irrelevant. Many...
by playtothebeat
Wed Jun 17, 2015 12:25 pm
Forum: Personal Consumer Issues
Topic: How much do your children cost per month?
Replies: 83
Views: 7161

Re: How much do your children cost per month?

I'm impressed by the low figures for groceries. For us - me, wife, toddler - we spent close to $1500 (live in HCOL area), which includes eating out. We do order sushi or pizza a couple times a month, and eat out one or two meals on the weekends, so that adds to the costs. We also buy a lot of organi...
by playtothebeat
Sat Jun 06, 2015 7:02 pm
Forum: Personal Finance (Not Investing)
Topic: Confused college kid
Replies: 54
Views: 5664

Re: Confused college kid

Saying "I want to run my own business" doesn't mean anything. What kind of business? Retail? Coffee shop? Software consulting? Wealth management? These are the "what I want to do" part of your post. Simply saying you know that you want to run your own business just means that you...
by playtothebeat
Thu Jun 04, 2015 11:24 pm
Forum: Personal Finance (Not Investing)
Topic: Banker/Attorney (loan) question
Replies: 14
Views: 1297

Re: Banker/Attorney (loan) question

123 wrote:
livesoft wrote:None of the club members are bankers nor attorneys?


Something seems fishy...


I think you should approach a loca community bank about a loan; maybe they'll take the bait and bite...
by playtothebeat
Thu Jun 04, 2015 6:44 pm
Forum: Personal Finance (Not Investing)
Topic: Self-employment / small business - investing options
Replies: 4
Views: 504

Re: Self-employment / small business - investing options

bumping this once to see if anyone has any input..
by playtothebeat
Thu Jun 04, 2015 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: One million dollar home
Replies: 37
Views: 5821

Re: One million dollar home

Option C. buy the house you'll actually be happy with. sounds like you can afford it, and the extra PITI isn't that big of a deal to you. you only live once. can't save every penny. have to enjoy it at some point, and from your post it sounds like you'd be far happier in this house. I would rule out...
by playtothebeat
Tue Jun 02, 2015 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: Self-employment / small business - investing options
Replies: 4
Views: 504

Self-employment / small business - investing options

My wife will be joining a 1-person law firm as a partner to make it a 2-person law firm. The firm is currently structured as a "Professional Corporation". The existing partner wants to keep his PC in place going forward, and as such their plan is to have the new partnership (or whatever le...
by playtothebeat
Wed May 27, 2015 9:05 pm
Forum: Personal Consumer Issues
Topic: BMW needs new tires
Replies: 24
Views: 2254

Re: BMW needs new tires

I got my bmw tires through America's Tires. Great service and price. About half the cost of the dealership's quote
by playtothebeat
Wed May 27, 2015 1:21 pm
Forum: Personal Consumer Issues
Topic: Should I shorten my last name?
Replies: 70
Views: 7112

Re: Should I shorten my last name?

Whatever you do, don't have two words as your last name (I.e. Hillary Rohdam Clinton). My wife did that when we got married, because she didn't want to hyphenate and wanted to be a little different. It has caused numerous headaches. Whenever we tell someone the last name, they assume that the Rohdam...
by playtothebeat
Wed May 27, 2015 12:48 pm
Forum: Personal Consumer Issues
Topic: Saving on large purchases
Replies: 12
Views: 1154

Saving on large purchases

What are some things you all do to save $ on large purchases (whatever "large" might mean to everyone could be different)? For instance, my wife and I shop at Pottery Barn, William Sonoma, Crate and Barrel, etc quite a bit. Before buying anything substantial (usually $500 or more), I go on...
by playtothebeat
Wed May 27, 2015 12:01 am
Forum: Personal Finance (Not Investing)
Topic: Just general comments for a 22 y/o on financial position
Replies: 20
Views: 2908

Re: Just general comments for a 22 y/o on financial position

I'll let someone else address the investments in general, but here are a few things: Forget about the 15% annual return. Won't happen. You aren't better at picking funds than anyone else (sorry). If you could guarantee a 15% return, you would have some sort of magic recipe that the rest of us don't....
by playtothebeat
Fri May 22, 2015 10:24 am
Forum: Personal Finance (Not Investing)
Topic: Might sell house to a friend. What is fair?
Replies: 30
Views: 2545

Re: Might sell house to a friend. What is fair?

Look at recent sales at Zillow/redfin in your area, and use that as a guide. I just had my house appraised, and that's basically what the appraiser did (they use more "professional" services, but all info on redfin/Zillow for recent transactions is driven by public records, same as the ser...
by playtothebeat
Sat May 16, 2015 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: Non-recourse investment property loans
Replies: 2
Views: 308

Re: Non-recourse investment property loans

Yes, absolutely. If this is your first deal, probably not, however. I'm a commercial real estate lender. A lot of my customers borrow on non-recourse basis. These are some of the best developers/investors/operators in my region, and have been doing this for a long time. Non-recourse will have lower ...
by playtothebeat
Mon May 11, 2015 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: much ado about coasting (through life)
Replies: 256
Views: 35797

Re: much ado about coasting (through life)

Mill, you also posted a while ago about being put on an improvement plan (viewtopic.php?t=159408) and if I recall about ultimately leaving that job (I may be wrong on that). Did these events lead to your current state?
by playtothebeat
Mon May 11, 2015 6:09 pm
Forum: Personal Finance (Not Investing)
Topic: Share your networth progression
Replies: 241
Views: 54203

Re: Share your networth progression

My wife and I will likely have a negative networth for several more years as a result of ~$130k of law school debt which my wife still has, in addition to consumer debt (including unexpected medical and family-related expenses which could not be avoided) she had prior to meeting me and didn't realiz...
by playtothebeat
Wed May 06, 2015 5:02 pm
Forum: Personal Finance (Not Investing)
Topic: Debating mortgage refinance
Replies: 8
Views: 824

Re: Debating mortgage refinance

You should be able to get a 90% loan with no PMI. I'm going through that process with a refi now (I'm still bringing like $65k to close, since we're currently around 98% LTV). I had to do a 1st/2nd combo because of the overall loan amount. You probably won't have to, and will be able to just get one...
by playtothebeat
Sat May 02, 2015 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: Sources for Down Payment
Replies: 7
Views: 1031

Re: Sources for Down Payment

Sell your house, then rent for a year. There are a lot of different areas of San Francisco and the Bay Area in general. You'll like some more than others. Figure out which area suits you, and only then make a decision to buy.
by playtothebeat
Fri May 01, 2015 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: PMI- single premium at closing?
Replies: 5
Views: 483

Re: PMI- single premium at closing?

If it's $100/month, and up-front is $2800, seems like it's worth it if he plans to be in this house for several years. That's only 28 months worth of payments (you can just about ignore time value of money if the horizon is this short).
by playtothebeat
Wed Apr 22, 2015 1:59 pm
Forum: Personal Consumer Issues
Topic: $139 lease for EV, $0 down, 39 month lease Chevy Spark
Replies: 66
Views: 8387

Re: $139 lease for EV, $0 down, 39 month lease Chevy Spark

Great deal. I'd jump on it if I hadn't traded in my dying Mazda 6 for a Chevy Volt in August. Can't say much about the car itself, since I haven't driven it. I love my Volt, however. I rarely use any gas - I have about 42-46 miles of battery range, which is enough for me to go to work and back a cou...
by playtothebeat
Mon Apr 20, 2015 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: HSA contributions - employee vs employer
Replies: 3
Views: 370

HSA contributions - employee vs employer

Couple of questions regarding HSA contributions.. 1) My employer offers $800 towards the HSA contribution, subject to completion of certain items (annual check up, online tests/quizzes, etc). Let's say I chose not to do the required steps to qualify for this contribution (last year, for instance, I ...
by playtothebeat
Tue Apr 14, 2015 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: 10% Down 30-Year Jumbo Mortgages?
Replies: 10
Views: 1981

Re: 10% Down 3-Year Jumbo Mortgages?

I think you mean 30 year, not 3 year (in your title). I've seen 90% jumbo loans advertised. I'm going through a refi right now (or, rather, trying), and going with an 80-10 split to get to 90% overall. The second loan will be a variable rate HELOC, however. This also allows me to avoid PMI since the...
by playtothebeat
Mon Apr 13, 2015 2:07 pm
Forum: Personal Consumer Issues
Topic: Input wanted from BMW owners
Replies: 44
Views: 4906

Re: Input wanted from BMW owners

I have a 2010 528i. Absolutely love to drive it and hope to continue driving it for many years. We purchased the extended warranty (6 years, 100k miles) as well as the extended service plan for it. Cost us about $5k total I believe. I consider it worth it, for the reasons many people have described....
by playtothebeat
Tue Apr 07, 2015 7:21 pm
Forum: Personal Consumer Issues
Topic: Gaps in newly installed flooring?
Replies: 3
Views: 702

Re: Gaps in newly installed flooring?

I live in southern California (orange county).
Not sure if it was acclimated before installation, although according to the manufacturer, it doesn't require acclimation.
by playtothebeat
Tue Apr 07, 2015 6:18 pm
Forum: Personal Consumer Issues
Topic: Gaps in newly installed flooring?
Replies: 3
Views: 702

Gaps in newly installed flooring?

I had new flooring put in throughout the downstairs recently by a contractor after a flood resulted in us having to tear out the existing flooring. The first half went in about 3 months ago, with the remainder going in a couple of weeks ago (we stopped because we thought we might remodel the kitchen...
by playtothebeat
Mon Apr 06, 2015 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Planning for career change and big drop in income
Replies: 14
Views: 2480

Re: Planning for career change and big drop in income

One thing to consider is how your benefits may change if you go from private practice to public service. For instance, a friend of mine was a partner at a law firm, and was paying around $1800/month for medical/dental/vision for a family of 5 (no subsidies as an "owner"). He recently left ...
by playtothebeat
Fri Apr 03, 2015 12:16 pm
Forum: Personal Consumer Issues
Topic: lowest cost to own CA carpool eligible car for commuting
Replies: 9
Views: 1371

Re: lowest cost to own CA carpool eligible car for commuting

http://www.autoblog.com/2015/03/23/honda-fit-ev-lease-199-month/ Very interesting. I get 34-38 MPG with my current gas Fit, figure $175 in gas per month. For someone that doesn't already have a car the EV Fit lease seems like a decent deal, but for me it would be $200+electricity, probably not a go...
by playtothebeat
Wed Apr 01, 2015 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: Bamboo vs Engineered Hardwood floor?
Replies: 12
Views: 1881

Re: Bamboo vs Engineered Hardwood floor?

I am looking for flooring of "value" - durability, less prone to problems, luxurious, etc. We are in the midst of a high end remodel and for the kitchen and bathrooms we are considering luxury vinyl. It's available as faux stone/porcelain tile or a faux wood plank. This is not the cheap s...

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