Search found 646 matches

by HornedToad
Sat Sep 16, 2017 10:59 am
Forum: Personal Finance (Not Investing)
Topic: Mother-In-Law dying, Wife wants to buy a Porsche
Replies: 51
Views: 4864

Re: Mother-In-Law dying, Wife wants to buy a Porsche

I stopped reading after your wife said sweet ass Porsche. Anyone who equates happiness with material items will never be happy. In all due respect, I think she would be better served going to counseling. I agree. This scenario screams for a therapist's intervention. It can help enormously and will ...
by HornedToad
Fri Sep 15, 2017 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Let's talk about your FI # and family income [Financial Independence]
Replies: 157
Views: 13005

Re: Let's talk about your FI # and family income

What's included in your definition of income? See https://www.bogleheads.org/forum/viewtopic.php?t=156155 for Livesoft Adjusted Income, which includes things like employer 401k match, health insurance contributions, etc. Not adjusted gross. You and your partner's salaries, not including free money ...
by HornedToad
Tue Aug 29, 2017 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: Evaluating new job offer
Replies: 40
Views: 3006

Re: Evaluating new job offer

Looks like a no-brainer yes if it's something you pursued and want to do since you're currently bored. You are assigning high value to RSU's and $0 to the equity in a private company. That's why it looks like a large paycut. When in reality you are trading off guaranteed RSU's for equity in a privat...
by HornedToad
Tue Aug 29, 2017 11:15 am
Forum: Personal Consumer Issues
Topic: How to deal with Amazon purchases with Mint.com??
Replies: 37
Views: 2521

Re: How to deal with Amazon purchases with Mint.com??

I ended up making my life simple and defining one budget category as "Amazon Shopping"... I only manually reclassify a few transactions (e.g. occasional large expense for home improvement, or Airbnb gift cards). I don't know of a better solution. I have the same problem with Paypal and eBay, althou...
by HornedToad
Tue Aug 22, 2017 1:55 pm
Forum: Personal Consumer Issues
Topic: Is it worth it? [demanding jobs vs time with family]
Replies: 182
Views: 11839

Re: Is it worth it? [demanding jobs vs time with family]

... I also really appreciated the posters that pointed out how certain posts were judgmental and sexist. The posters claiming that women are better suited to take care of children or recommended that I live off of my husband's income demonstrate the kind of implicit bias and sexism that will contin...
by HornedToad
Tue Aug 22, 2017 11:52 am
Forum: Personal Consumer Issues
Topic: Returning / Exchanging purchased items ?
Replies: 24
Views: 1567

Re: Returning / Exchanging purchased items ?

My wife basically keeps 30-50% of clothes she buys online. She'll buy a bunch of things and then keep the few that actually fit or that she likes.

I think that's pretty much expected with online shopping and why so many people prefer it vs. now going to Malls/stores.
by HornedToad
Fri Aug 18, 2017 5:29 pm
Forum: Personal Consumer Issues
Topic: Is it worth it? [demanding jobs vs time with family]
Replies: 182
Views: 11839

Re: Is it worth it? [demanding jobs vs time with family]

No amount of money is worth letting others raise your children One does not have to be a stay at home parent to "raise their children." Being a stay at home parent is a fine choice, but to imply that a parent who decides to (or has to) work is not raising his or her child is ignorant, offensive, an...
by HornedToad
Fri Aug 18, 2017 5:18 pm
Forum: Personal Consumer Issues
Topic: Is it worth it? [demanding jobs vs time with family]
Replies: 182
Views: 11839

Re: Is it worth it? [demanding jobs vs time with family]

Now-a-days, I'm sure creative hi-tech folks in any of the leading companies (Apple, Google, FB, Amazon Cloud/AWS, Microsoft, Nvidia, Intel, Oracle,...) would still be working 60-70 hours on key projects, to meet schedule *and* solve tough technical issues that crop up during new projects. Definitel...
by HornedToad
Thu Aug 17, 2017 12:59 pm
Forum: Personal Consumer Issues
Topic: Is it worth it? [demanding jobs vs time with family]
Replies: 182
Views: 11839

Re: Is it worth it? [demanding jobs vs time with family]

People assume they are competing interests. What is best for the parents may be best for the kids. Just because they spend more time doesn't mean it will be quality time. And people just seem to shrug off the financial pressures coming from a lower income. They are real and can cause conflict. If o...
by HornedToad
Thu Aug 17, 2017 11:48 am
Forum: Personal Consumer Issues
Topic: Is it worth it? [demanding jobs vs time with family]
Replies: 182
Views: 11839

Re: Is it worth it? [demanding jobs vs time with family]

OP: when words and actions conflict, I look to actions for the truth. You say that nothing is more important to you than family, yet both you and your husband work 60-70 hours per week. You then attempt to justify this by saying it's for a financially secure future. Yet the sacrifice of the present...
by HornedToad
Wed Aug 16, 2017 6:45 pm
Forum: Personal Consumer Issues
Topic: Should I put other jobs on my resume?
Replies: 14
Views: 1012

Re: Should I put other jobs on my resume?

If you have built a significant reliable income from tutoring , and have a web page demonstrating something worth showing, I would say put it in the resume, especially if that was a significant part of your work experience. Depending on what level of students you tutored, what subjects, and what ag...
by HornedToad
Sat Aug 05, 2017 12:30 am
Forum: Personal Consumer Issues
Topic: Startup vs big company (financial equity at stake)
Replies: 57
Views: 3595

Re: Startup vs big company (financial equity at stake)

Update!!! The founders arranged for me a meeting with one investor of the company today. The investor offered (still just informal discussion so far) me the possibility of buying from me some portion (or all) of my 0.7% vested and exercised shares at a discount of the current market value. In other...
by HornedToad
Thu Aug 03, 2017 11:55 pm
Forum: Investing - Help with Personal Investments
Topic: 85/15 too aggressive at age 35?
Replies: 104
Views: 10183

Re: 85/15 too aggressive at age 35?

I am 100/0 and will continue to be because I only invest what I know I don't need in the near future . .. I plan on being 100/0 until I'm 40 - then reassess depending on portfolio size thinking 100/0 ... 80/20 ... 70/30 ... 60/40 by retirement (20-30 years from now) That actually means you are some...
by HornedToad
Thu Aug 03, 2017 12:33 pm
Forum: Personal Consumer Issues
Topic: Startup vs big company (financial equity at stake)
Replies: 57
Views: 3595

Re: Startup vs big company (financial equity at stake)

From what you said, I think you should leave. If you stay another 4 years and the company hasn't exited, it'll be undesirable to purchase the options and then you'll truly be handcuffed and will basically be stuck there until the exit occurs. This also will diversify you across companies as well. If...
by HornedToad
Wed Aug 02, 2017 5:31 pm
Forum: Personal Consumer Issues
Topic: Suggestions for Month in the South Pacific?
Replies: 8
Views: 1075

Re: Suggestions for Month in the South Pacific?

Bora Bora is the most beautiful tropical island I've seen in my life. I enjoyed Moorea, Fiji, Hawaii (Maui), etc but Bora Bora definitely trumped it. I would at least spend some time there. I do agree that it can be boring depending on what you want to do, but if it's mainly relax at a beach/pool an...
by HornedToad
Wed Aug 02, 2017 11:13 am
Forum: Personal Consumer Issues
Topic: Startup vs big company (financial equity at stake)
Replies: 57
Views: 3595

Re: Startup vs big company (financial equity at stake)

I think the first thing you need to do is step back and assess the company, software, market growth and evaluate how realistic it is that it'll grow to ~500M+ market cap and either be acquired or continued growth. The second would be how much do you need the higher salary now from a bigger company. ...
by HornedToad
Sun Jul 30, 2017 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: Savings Rate Formula - Explicitly Spelled Out
Replies: 50
Views: 4080

Re: Savings Rate Formula - Explicitly Spelled Out

How about: (pretax savings + post tax savings + employer match) / (gross income + employer match) Don't understand why everyone goes round and round about this. That number is easy to calculate and easy to compare with others. I don't need to hear about % of spending, or net savings vs. gross savin...
by HornedToad
Sat Jul 29, 2017 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: How Much in Your Emergency Fund And Is It Used?
Replies: 188
Views: 20227

Re: How Much in Your Emergency Fund And Is It Used?

I think this discussion is partly confusing because of the vast differences in financial circumstances. The discussion of how much to have in emergency fund for someone who has hundreds of thousands in taxable savings is relatively meaningless. It's really just an asset allocation question and wheth...
by HornedToad
Sat Jul 29, 2017 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford it ? [A new car]
Replies: 95
Views: 6286

Re: Can I afford it ? [A new car]

TomatoTomahto wrote:What is up with all this "you can afford it if you pay cash?"

I can get $2.25M in cash, but can I afford a Bugatti Veyron? I don't think so.
Is it 5% or less of your networth? Then yes you can afford it if you pay in cash :)
by HornedToad
Sun Jul 16, 2017 12:55 pm
Forum: Personal Consumer Issues
Topic: Buying house - Very important decision
Replies: 228
Views: 19383

Re: Buying house - Very important decision

I am getting the feeling that OP *really* wants the house, has already made the decision to go for it and is looking for validation of her decision on this forum. Wrongfunds, we are actually quite okay living in a 2 bed room apartment. As I said in earlier post, our worries are 1. Rents will go eve...
by HornedToad
Fri Jul 14, 2017 11:11 pm
Forum: Personal Finance (Not Investing)
Topic: Is new car replacement insurance worth it?
Replies: 33
Views: 2209

Re: Is new car replacement insurance worth it?

I don't think this insurance makes sense, because it is covering a loss which you can afford to take. If your four-year-old car is stolen or wrecked, your insurance will pay you enough to get a replacement four-year-old car. This will not hurt you at all; you will still need a replacement sooner th...
by HornedToad
Fri Jul 14, 2017 11:07 pm
Forum: Personal Finance (Not Investing)
Topic: Is new car replacement insurance worth it?
Replies: 33
Views: 2209

Re: Is new car replacement insurance worth it?

I have no knowledge of this type of insurance, but the numbers, to me, just do no add up - as presented. So, after 4 1/2 years - the car is totaled - and worth, say, $20,000 - they will buy a new car then worth, say, over $50,000??? That is correct. An example from my wife's motorcycle crash a coup...
by HornedToad
Fri Jul 14, 2017 1:28 am
Forum: Personal Finance (Not Investing)
Topic: Do you consider business travel to be a perk or a burden?
Replies: 117
Views: 7482

Re: Do you consider business travel to be a perk or a burden?

For those of you traveling, how do you rack up points and miles? I am required to book everything with a corporate card at a business travel site. Since I don't travel a ton (maybe once a month) I will usually fly southwest since my odds of getting upgraded are nill. I have the same scenario and I ...
by HornedToad
Thu Jul 13, 2017 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: Do you consider business travel to be a perk or a burden?
Replies: 117
Views: 7482

Re: Do you consider business travel to be a perk or a burden?

For me I generally enjoy it. However, I also have a fair amount of flexibility in choosing when/how much to travel since it's just regular trips. Reasons why it's a positive: I don't have kids My primary travel is a 1 hour flight and with TSA precheck it's fast in/out of airport and the airport has ...
by HornedToad
Thu Jul 13, 2017 2:13 pm
Forum: Personal Consumer Issues
Topic: Hotel tipping: how much to leave?
Replies: 72
Views: 3983

Re: Hotel tipping: how much to leave?

You may consider taking advantage of hotel's bonuses for NOT cleaning your room. On my recent trips, Marriott gave me 500 points for every night of not cleaning, and a Hilton gave me $5/night credit to be used in its on-premises restaurants. This. Getting 500 points/night for not having housekeepin...
by HornedToad
Thu Jul 13, 2017 12:49 pm
Forum: Personal Consumer Issues
Topic: Hotel tipping: how much to leave?
Replies: 72
Views: 3983

Re: Hotel tipping: how much to leave?

I don't tip, but I leave the room spotless and I strip the bed. Sometimes wish I hadn't when I see the blood and gore on the mattress. You may consider taking advantage of hotel's bonuses for NOT cleaning your room. On my recent trips, Marriott gave me 500 points for every night of not cleaning, an...
by HornedToad
Thu Jul 13, 2017 12:52 am
Forum: Personal Finance (Not Investing)
Topic: Jewelry insurance. Is it ever worth it?
Replies: 42
Views: 4535

Re: Jewelry insurance. Is it ever worth it?

 Definitely appreciate all of the input on this. I plan on discussing with my wife this weekend and also reviewing our renter's policy for options. As to the cost of the rings, I didn't actually pay that much. The main stone was a family heirloom and several of the smaller diamonds were also passed...
by HornedToad
Thu Jul 13, 2017 12:03 am
Forum: Personal Finance (Not Investing)
Topic: Do you count vehicle equity in net worth?
Replies: 203
Views: 10234

Re: Do you count vehicle equity in net worth?

Yes, mainly so I can see what the increase in my networth is year over year accurately by counting it and then depreciating it each year. If I didn't count cars in networth then there'd be a ~40k cash outflow the year you buy a car with no asset and it makes it look like the net worth didn't increas...
by HornedToad
Wed Jul 12, 2017 12:27 am
Forum: Personal Consumer Issues
Topic: Home sale/purchase question
Replies: 6
Views: 511

Re: Home sale/purchase question

If you lived in it as a primary residence for at least 2 of last 5 years then you owe $0 in taxes. The first $250k gain for individual or $500k for married couples of capital gains is tax free. Here's one article on it but you can find more: http://www.bankrate.com/finance/taxes/capital-gains-and-yo...
by HornedToad
Tue Jul 11, 2017 8:05 pm
Forum: Personal Finance (Not Investing)
Topic: Jewelry insurance. Is it ever worth it?
Replies: 42
Views: 4535

Re: Jewelry insurance. Is it ever worth it?

We insure my wife's wedding ring. It's probably ~$130/year but would be $12-15k to replace.

She wears it daily so I'm assuming a lost/damaged ring is not as rare as Life/Disability Insurance. A similar idea to even if I was rich I'd carry auto insurance.
by HornedToad
Mon Jul 10, 2017 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: How to save for and finance house move up
Replies: 64
Views: 3517

Re: How to save for and finance house move up

I honestly don't think you are in that bad of position really. Part of the pushback is you labeled your debts as consumer debts and people immediately think Credit Card debt and pay off ASAP. That's ideal, but marriage includes tradeoffs and 2% car interest rate will be lower than your mortgage. In ...
by HornedToad
Mon Jul 10, 2017 1:27 am
Forum: Personal Finance (Not Investing)
Topic: How much of an increase of salary would you expect before switching jobs?
Replies: 94
Views: 6900

Re: How much of an increase of salary would you expect before switching jobs?

IMO, most people don't leave a job they like for less than 15-20%. If they are happy where currently then I think 20-30% is more likely and meet somewhere in that range with the company of 15-30% (assuming started out fairly decent paid). For this job, if you are interested I'd negotiate on salary a...
by HornedToad
Fri Jul 07, 2017 8:15 pm
Forum: Personal Consumer Issues
Topic: Task management / organizing app
Replies: 52
Views: 2147

Re: Task management / organizing app

My spouse and I just use google calendar on our mobile devices (and desktop too). You can have more than one calendar visible, color coded by person so you see who is doing what. Maybe not perfect, but free and easy I use shared Google calendars and a shared Notes on each phone. Not ideal but it al...
by HornedToad
Fri Jul 07, 2017 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: When should I exercise my incentive stock options?
Replies: 34
Views: 2493

Re: When should I exercise my incentive stock options?

As an aside, 83b applies when you are early exercise the stock (generally when its granted) and not when you are planning on selling. You generally do this if you are an early employee when the tax hit is manageable: https://blog.wealthfront.com/always-file-your-83b/ Thanks for the response. I'm cu...
by HornedToad
Fri Jul 07, 2017 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: When should I exercise my incentive stock options?
Replies: 34
Views: 2493

Re: When should I exercise my incentive stock options?

Wealthfront has several articles discussing this as well as a stock simulator for various other tech IPO's. At your volume/dollar value this might be overkill to plan to sell 10-20% a quarter and so the existing strategies listed look good. https://blog.wealthfront.com/when-to-exercise-stock-options...
by HornedToad
Fri Jul 07, 2017 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking advice on 1.2m (now 900K) house purchase
Replies: 188
Views: 11861

Re: Seeking advice on 1.2m (now 900K) house purchase

Original posting updated! You could do the updated post and be happy. Buying will not maximize your net worth, but if it makes you happier then you would still be fine and have plenty of assets available to grow. I'm assuming you will continually get the $50k/year RSU and it's not only first 4 or 6...
by HornedToad
Thu Jun 29, 2017 6:29 pm
Forum: Personal Consumer Issues
Topic: Cat teeth cleaning costs
Replies: 36
Views: 3212

Re: Cat teeth cleaning costs

My cat just had a tooth extraction and was around ~$800.
The tooth cleaning without an extraction for other cat is expected to be around ~$500-550.
by HornedToad
Sun Jun 25, 2017 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Mediator for ownership division of primary home
Replies: 46
Views: 1851

Re: Mediator for ownership division of primary home

An estate attorney would be a good option here to find out what the actual legal amount would be. They are used to doing things like this for when there isn't a will or the will is invalid. My wife's family went thru this a few years ago when my father in law died with an invalid will and had bought...
by HornedToad
Mon Jun 19, 2017 8:56 pm
Forum: Personal Consumer Issues
Topic: California Vacation - Bay Area, So Cal, or Both (with coastal drive)?
Replies: 23
Views: 1906

Re: California Vacation - Bay Area, So Cal, or both (with coastal drive)?

If you do LA, I like the Universal Studio tour. It was interesting to see behind the scenes of making tv shows/movies. For Bay Area, if you need a car for the day you can do a Getaway car (I think that's what it's called) or Zipcar to get a car for the day or overnight and use. I'm partial to Bay Ar...
by HornedToad
Sat Jun 17, 2017 11:46 am
Forum: Personal Finance (Not Investing)
Topic: Siblings in disagreement over mom's house.
Replies: 241
Views: 19334

Re: Siblings in disagreement over mom's house.

Anything else would scar the family forever. Condon's book, Beyond the Grave , makes this point repeatedly. It's unlikely that a parent deliberately set about to create this tension, but it is the likely outcome when the heirs have different objectives. So, the threes need to decide (individually o...
by HornedToad
Sun Jun 11, 2017 3:01 pm
Forum: Investing - Theory, News & General
Topic: Tell me a stock you like better than Google/Alphabet Right Now and Why
Replies: 101
Views: 8550

Re: Tell me a stock you like better than Google/Alphabet Right Now and Why

It's a lot more than a one trick pony - YouTube, Google Docs, gmail, Nest, Google Home, Chrome, Chromecast, Waymo (autonomous cars), Google Cloud, Google Fiber, Google Maps, Waze, Android, Google Play, artificial intelligence, machine learning, Google Capital, Google Ventures, etc. All of those ven...
by HornedToad
Wed Jun 07, 2017 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: 7 yr ARM vs 30 Yr for new construction Condo
Replies: 22
Views: 1734

Re: 7 yr ARM vs 30 Yr for new construction Condo

When we bought a condo, we did the 7 year ARM and probably should have done the 5 year ARM. Doing the comparison, you want to calculate when the breakeven point would be of total cost between 7 and 30 year. For us it was around ~9 years assuming you don't refinance it. Additionally, paying the 7 yea...
by HornedToad
Mon Jun 05, 2017 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: Play Money for Spouse....
Replies: 138
Views: 10842

Re: Play Money for Spouse....

A couple different people have mentioned identity theft and/or stolen credit card numbers...which leads me to ask: Has anyone had a credit card number stolen and identified the situation *before* your credit card company? .... Yes. (And not just in the distant past.) Granted, it doesn't make much d...
by HornedToad
Sun May 28, 2017 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: Play Money for Spouse....
Replies: 138
Views: 10842

Re: Play Money for Spouse....

We do His, Hers and Ours. We each get $200/mo into our individual accounts that are completely individual and then everything else into joint. Also if individual gets relatively high we either buy a larger purchase or just move some into Joint. We probably blur the line between individual and joint ...
by HornedToad
Fri May 12, 2017 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: Experiences/vacations - how much do people do
Replies: 24
Views: 2343

Re: Experiences/vacations - how much do people do

I think it depends on what you are doing. I've learned that I enjoy sitting at a beach resort for a week in Hawaii/Fiji/somewhere tropical than more historical/siteseeing trips to Europe/etc. So we emphasize that kind of traveling and I don't mind. My wife enjoys the site-seeing as well as the small...
by HornedToad
Thu Apr 27, 2017 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Incentive Stock Options, NSOS, and AMT
Replies: 11
Views: 1420

Re: Incentive Stock Options, NSOS, and AMT

What is the advantage to an ISO? I have been told it is advantageous but am struggling to see much tax difference. Just that, after AMT credit, the entire spread (and any gains after exercise) are only taxed as LTCG? The most reliable source of stock options information is probably Fairmark . Some ...
by HornedToad
Thu Apr 27, 2017 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Incentive Stock Options, NSOS, and AMT
Replies: 11
Views: 1420

Re: Incentive Stock Options, NSOS, and AMT

What is the advantage to an ISO? I have been told it is advantageous but am struggling to see much tax difference. Just that, after AMT credit, the entire spread (and any gains after exercise) are only taxed as LTCG? The most reliable source of stock options information is probably Fairmark . Some ...
by HornedToad
Wed Apr 26, 2017 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: "Negative points" on mortgage
Replies: 47
Views: 3350

Re: "Negative points" on mortgage

jimb_fromATL - I think the reason we're talking past each other is that you're assuming that the $1313 gets added to the principal of the loan. Please correct me if I'm wrong. That certainly does not jibe with my calculations. The higher monthly payment that was quoted to my friend exactly took int...
by HornedToad
Fri Apr 21, 2017 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: Unemployment severance. Weekly or lump sum?
Replies: 12
Views: 1048

Re: Unemployment severance. Weekly or lump sum?

I'd be surprised if she can get the severance payout if she takes a different job within the same company. But if so, then I don't think it matters much. I would probably take weekly instead of lumpsum just to be on safe side since you wouldn't have budget issues. It doesn't look like there is much ...
by HornedToad
Thu Apr 06, 2017 5:34 pm
Forum: Investing - Help with Personal Investments
Topic: Any reason NOT to do a backdoor Roth IRA?
Replies: 56
Views: 4658

Re: Any reason NOT to do a backdoor Roth IRA?

1. Because they don't need to save that much for retirement. 2 maxed 401ks + match + other tax deferred options is a lot of savings already. The goal isn't to max all retirement vehicles. It's to have enough and ideally have consumption smoothing + some extra because life is uncertain. 2. Because th...