Search found 567 matches

by Meaty
Thu May 24, 2018 10:56 am
Forum: Personal Finance (Not Investing)
Topic: I've never budgeted sucessfully
Replies: 41
Views: 2810

Re: I've never budgeted sucessfully

I see several “pay yourself first suggestions”. That’s certainly not wrong, but the downside I see is you don’t know exactly how you’re spending your other dollars. I’ve been able to optimize that spending to the things that bring me the greatest happiness and away from trivial items by understandin...
by Meaty
Wed May 23, 2018 5:25 am
Forum: Personal Finance (Not Investing)
Topic: Jobs after college and before graduate/medical school -- Are employers okay with you trying different jobs?
Replies: 9
Views: 888

Re: Jobs after college and before graduate/medical school -- Are employers okay with you trying different jobs?

I say this as someone who has interviewed thousands of job-seekers: So long as you are able to articulate your ((logical and insightful) rationale for assuming and leaving jobs, no one will hold your job selection/quitting against you. Just make sure you give two weeks notice. God luck. +1. Of all ...
by Meaty
Mon May 21, 2018 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey it or keep low interest debt
Replies: 132
Views: 8023

Re: Dave Ramsey it or keep low interest debt

To the OP, yes I think you should "Dave Ramsey" the car loans. In my opinion, it is not smart to go into debt for consumer goods such as automobiles. If you wouldn't walk into the dealer and pay cash for the car, you probably are buying too much car. Doesn't really matter that it's low interest or ...
by Meaty
Sun May 20, 2018 7:10 am
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey it or keep low interest debt
Replies: 132
Views: 8023

Re: Dave Ramsey it or keep low interest debt

If you lose your job, then you'll be immediately relying on your emergency fund for survival purposes. Speaking from personal experience, a 6-month fund goes by really fast. Better to have a 12 month or longer fund for peace of mind. Your emergency fund will last much longer if you don't have any c...
by Meaty
Sat May 19, 2018 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey it or keep low interest debt
Replies: 132
Views: 8023

Re: Dave Ramsey it or keep low interest debt

I doubt any millionaire attributes their wealth to the spread on investments made vs. low APR CONSUMER debt. I think you could even expand this discussion to cash back credit cards that offer small rewards. During a purchase, has your mind ever said, “at least I get 2% cash back on this large purch...
by Meaty
Fri May 18, 2018 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey it or keep low interest debt
Replies: 132
Views: 8023

Re: Dave Ramsey it or keep low interest debt

I have 3 debts as follows 20k car loan - 0% 38k car loan - 1.9% 226k mortgage - 3.625% Annual income 255k Fully funded emergency fund (6 months) Right now I save 86k annually. Should I continue saving as is (via 401k, Roth, taxable) or save less to knock out these very low interest loans? I know th...
by Meaty
Fri May 18, 2018 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey it or keep low interest debt
Replies: 132
Views: 8023

Re: Dave Ramsey it or keep low interest debt

Thanks for all the great responses. I knew I could count on this community to help me think through this from all angles. I think I’ll keep and payoff as scheduled; especially given my online banking account pays more than the weighted APR of the cars I’ll also ensure I never borrow money again. Tha...
by Meaty
Fri May 18, 2018 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey it or keep low interest debt
Replies: 132
Views: 8023

Re: Dave Ramsey it or keep low interest debt

Thank you both. I realize it’s a heart vs brain issue. My brain says keep it as I’ll likely earn more in my accounts but heart would prefer to payoff
by Meaty
Fri May 18, 2018 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey it or keep low interest debt
Replies: 132
Views: 8023

Dave Ramsey it or keep low interest debt

I have 3 debts as follows 20k car loan - 0% 38k car loan - 1.9% 226k mortgage - 3.625% Annual income 255k Fully funded emergency fund (6 months) Right now I save 86k annually. Should I continue saving as is (via 401k, Roth, taxable) or save less to knock out these very low interest loans? I know the...
by Meaty
Wed May 16, 2018 3:26 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Morgan growth fund
Replies: 14
Views: 751

Re: Vanguard Morgan growth fund

Why is TSM preferable to the vanguard Morgan growth fund? It’s outperformed TSM over the long term (and short and medium terms) and has a modest expense ratio (.27). I know it doesn’t capture as much of the market as TSM but is there a place in ones portfolio for this fund? Thanks Looking only at r...
by Meaty
Wed May 16, 2018 2:24 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Morgan growth fund
Replies: 14
Views: 751

Re: Vanguard Morgan growth fund

I personally have a small position in Morgan Growth, along with the more commonly suggested funds like VTSAX, VBTLX, VTIAX. I use a mix of index funds to keep costs low, and then pick reasonably priced, solid active funds to round out my portfolio. In my spreadsheet, I pull the data from Morningsta...
by Meaty
Wed May 16, 2018 1:09 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Morgan growth fund
Replies: 14
Views: 751

Re: Vanguard Morgan growth fund

Maybe, if you have extra tax-advantaged space and think their four managers in the aggregate can deliver alpha above costs, and you don't mind or want a growth tilted portfolio in U.S. stocks. In the last 10 years it's lost overall to the growth index fund, though that was from some prior years. Ho...
by Meaty
Wed May 16, 2018 1:07 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Morgan growth fund
Replies: 14
Views: 751

Re: Vanguard Morgan growth fund

You are performance chasing. Growth stocks have been all the rage recently, but value stocks have tended to beat growth stocks over a long time horizon. Google Fama French three factor model and you'll see that value was one of the factors they identified as a source of risk and return. How is it p...
by Meaty
Wed May 16, 2018 12:25 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Morgan growth fund
Replies: 14
Views: 751

Re: Vanguard Morgan growth fund

Oak&Elm wrote:
Wed May 16, 2018 11:40 am
I see Vanguard has this identified as one of their Select Funds. I see nothing wrong with putting some of your money in a actively managed growth fund but you have to expect to lag the TSM some years.
Meaty, BTW cool avatar
Thanks!
by Meaty
Wed May 16, 2018 11:31 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Morgan growth fund
Replies: 14
Views: 751

Vanguard Morgan growth fund

Why is TSM preferable to the vanguard Morgan growth fund? It’s outperformed TSM over the long term (and short and medium terms) and has a modest expense ratio (.27). I know it doesn’t capture as much of the market as TSM but is there a place in ones portfolio for this fund?

Thanks
by Meaty
Tue May 15, 2018 6:34 pm
Forum: Investing - Help with Personal Investments
Topic: Can I afford to retire now?
Replies: 45
Views: 6244

Re: Can I afford to retire now?

All in it appears you have 2.5+ million not including foreign real estate or home equity. At a 4% withdrawal rate that’s 100k/year for 30 years (probably longer). If it were me I’d downsize my home and sell the foreign real estate to add a little cushion given youre 59. Outside of that, I’d vote you...
by Meaty
Tue May 15, 2018 3:26 pm
Forum: Investing - Help with Personal Investments
Topic: VBK [Vanguard Small Cap Growth]
Replies: 8
Views: 411

Re: VBK [Vanguard Small Cap Growth]

triceratop wrote:
Tue May 15, 2018 2:14 pm
I edited the topic title to be a little more descriptive.

Meaty, it is often considered helpful to not speak in ticker language, but to describe the actual fund you are considering with its full, more descriptive name.
Will do. My apologies
by Meaty
Tue May 15, 2018 3:26 pm
Forum: Investing - Help with Personal Investments
Topic: VBK [Vanguard Small Cap Growth]
Replies: 8
Views: 411

Re: VBK

Who should consider holding VBK? I’m trying to understand if it would add value in my portfolio. My plan would be to hold it in my Roth account for 20+ years by lowering the holding of TSM Appreciate everyone’s insight I have no personal experience with Vanguard Small-cap Growth ETF (VBK). Share pr...
by Meaty
Tue May 15, 2018 12:07 pm
Forum: Investing - Help with Personal Investments
Topic: VBK [Vanguard Small Cap Growth]
Replies: 8
Views: 411

VBK [Vanguard Small Cap Growth]

Who should consider holding VBK? I’m trying to understand if it would add value in my portfolio. My plan would be to hold it in my Roth account for 20+ years by lowering the holding of TSM

Appreciate everyone’s insight
by Meaty
Fri May 04, 2018 7:42 am
Forum: Personal Finance (Not Investing)
Topic: Pay $2500 in rent or continue living at home
Replies: 91
Views: 6294

Re: Pay $2500 in rent or continue living at home

This is a personal question and I’d love to know everyone’s thoughts. I recently got a new job where I’m making a steady income and a higher income. I’ve been living at home bc I simply couldn’t afford rent before and my aunt was sick so I was taking care of her But she’s better now and I like my f...
by Meaty
Thu May 03, 2018 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Pay $2500 in rent or continue living at home
Replies: 91
Views: 6294

Re: Pay $2500 in rent or continue living at home

This is a personal question and I’d love to know everyone’s thoughts. I recently got a new job where I’m making a steady income and a higher income. I’ve been living at home bc I simply couldn’t afford rent before and my aunt was sick so I was taking care of her But she’s better now and I like my f...
by Meaty
Wed May 02, 2018 4:48 pm
Forum: Personal Consumer Issues
Topic: Have you quit eating sugar? Tell me how!
Replies: 129
Views: 10062

Re: Have you quit eating sugar? Tell me how!

I want to preface this post by saying that except for my apparent sugar addiction I eat very healthy. I cook from scratch 95% of my food, nothing comes from boxes , most of it is organic/free-range/grass-fed, etc. Majority of my food is composed of the reasonable amounts of protein (baked, sauteed)...
by Meaty
Tue May 01, 2018 10:02 am
Forum: Personal Finance (Not Investing)
Topic: Testimonials on moving with a family
Replies: 29
Views: 2642

Re: Testimonials on moving with a family

Moving just for the sake of the experience doesn't make much sense to me. Moving is high on the list of stressful life events and if buying and/or selling a home is involved, that would increase it. Can't even imagine moving for absolutely no reason at all other than for the experience of moving. +...
by Meaty
Wed Apr 25, 2018 2:38 pm
Forum: Investing - Help with Personal Investments
Topic: Help with modest inheritance
Replies: 7
Views: 938

Re: Help with modest inheritance

Kids - 529 ? Near Term Needs ? (Car, Roof, Remodel, Repair) Maybe add a little to your EF, set a little aside for Vacation and then rest to taxable. Sounds boring, but boring is OK. Thanks. I should have added I have a 529 for my son on track to slightly underfund college (which is my goal so I don...
by Meaty
Wed Apr 25, 2018 2:28 pm
Forum: Investing - Help with Personal Investments
Topic: Help with modest inheritance
Replies: 7
Views: 938

Help with modest inheritance

I’m receiving an inheritance from a deceased extended family member of approx. $54,000 after taxes. Here’s my situation: Debt - 200k mortgage at 3.625%. No other debts Retirement - 401ks, Roth’s, HSA all fully funded. Adding around $2,000/month to taxable as well. Emergency fund - 6 months expenses ...
by Meaty
Thu Apr 12, 2018 2:02 pm
Forum: Investing - Theory, News & General
Topic: 70% chance of correction in 2018 according to Vanguard - Highest in 15 years
Replies: 111
Views: 14973

Re: 70% chance of correction according to Vanguard - Highest in 15 years

OkieIndexer wrote:
Wed Jan 17, 2018 4:28 pm
Ah, but it's possible the 10% correction could start 20% higher than where we are now. :wink:
Exactly
by Meaty
Wed Apr 11, 2018 8:19 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Liens [Purchasing tax liens]
Replies: 5
Views: 553

Re: Tax Liens [Purchasing tax liens]

The above post is good advice. Keep in mind banks monitor these things any pay taxes on properties worth preserving. So you’d really have to find a gem for this to work
by Meaty
Sun Apr 08, 2018 4:02 pm
Forum: Personal Consumer Issues
Topic: Toyota 4 Runner
Replies: 38
Views: 3227

Re: Toyota 4 Runner

I'm wondering if someone could share their ownership experience with the Toyota 4Runner. I'm looking for a new car and this is one I'm considering. I have a 2017 SR5 premium. It’s great. Gas mileage isn’t the best, it drives like a truck (which I like but some don’t) great mix of spacious but doesn...
by Meaty
Thu Apr 05, 2018 2:41 pm
Forum: Investing - Theory, News & General
Topic: How Scalabale is the 3/4 Fund portfolio?
Replies: 38
Views: 2979

Re: How Scalabale is the 3/4 Fund portfolio?

So I was wondering recently, how far could you scale (in terms of portfolio size) the 3 or 4 fund portfolio before you felt it was no longer the most sensible option? Let's imagine the standard 3 or 4 fund portfolio. Pick a sensible Asset allocation.. say 60/40 : 40% US Total Stock Market 20% Total...
by Meaty
Thu Apr 05, 2018 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: House down payment - Smart for anything between 3.5% and 20%?
Replies: 23
Views: 1732

Re: House down payment - Smart for anything between 3.5% and 20%?

You should not buy a house with less than 20% down
by Meaty
Thu Apr 05, 2018 1:31 pm
Forum: Personal Consumer Issues
Topic: Should I get a loan for a motorcycle?
Replies: 24
Views: 1829

Re: Should I get a loan for a motorcycle?

Im coming home from Afghanistan in a few months here, and I am looking at vehicles to buy since I lived in Alaska for the first year without a car. Im coming back with 25k. I am putting 10k towards my emergency fund. I have no debt, and I fully max my Vanguard TRF 2060 each year. I will be increasi...
by Meaty
Sun Apr 01, 2018 7:07 pm
Forum: Personal Consumer Issues
Topic: Knocking pipes
Replies: 12
Views: 1552

Re: Knocking pipes

JW-Retired wrote:
Sun Apr 01, 2018 7:04 pm
google "water hammer".
+1. Easy to fix. Shut off water to house, drain all pipes, turn water back on
by Meaty
Sat Mar 31, 2018 3:21 pm
Forum: Personal Consumer Issues
Topic: Tired of gas grills rusting out...
Replies: 54
Views: 4294

Re: Tired of gas grills rusting out...

I replace my Kenmore grill every 4-5 years and am getting tired of it. Things just keep rusting out, even though covered. If I go with with a $800-$900 price point Weber, keep a quality cover on it, use it 2x per week, and it stays outside (but covered) from April-November in the midwest, how many ...
by Meaty
Thu Mar 29, 2018 7:41 am
Forum: Investing - Help with Personal Investments
Topic: Advice on selling company stock - no emergency fund
Replies: 6
Views: 401

Re: Advice on selling company stock - no emergency fund

I would love some feedback on this scenario - Family of four with husband working full-time (salary $85k) and wife working part-time while children are young ($30k). Take home pay covers expenses with no room for additional savings, although family is saving 18% for retirement. No short-term saving...
by Meaty
Sat Mar 24, 2018 10:19 am
Forum: Personal Finance (Not Investing)
Topic: What Budget? Do you keep one?
Replies: 116
Views: 7366

Re: What Budget? Do you keep one?

Watts wrote:
Fri Mar 23, 2018 4:44 pm
I've been using YNAB (You Need a Budget) for about 4 years. Great app that allows me to give every $1 a job. It has allowed me to track areas with historically-high spending and adjust accordingly.
How much does it cost?
by Meaty
Mon Mar 19, 2018 4:10 pm
Forum: Personal Consumer Issues
Topic: Least Expensive Way to Comprehensively Learn Law
Replies: 22
Views: 1649

Re: Least Expensive Way to Comprehensively Learn Law

I want to get a comprehensive legal education. For the last 2 years I have been reading textbooks on law. I don't plan on practicing law. Is there a better way to comprehensively learn law than by self-teaching as I am doing now? If the entire cost of law school was under $10K, I would consider it,...
by Meaty
Sun Mar 18, 2018 7:40 am
Forum: Personal Finance (Not Investing)
Topic: Bought house six months ago - now feeling like we're treading water and can't save money
Replies: 189
Views: 16847

Re: Bought house six months ago - now feeling like we're treading water and can't save money

dm200 wrote:
Sat Mar 17, 2018 2:16 pm
HongKonger wrote:
Sat Mar 17, 2018 2:14 pm
Drop the charitable donations.
No :)
Yes.
by Meaty
Wed Mar 14, 2018 5:38 pm
Forum: Investing - Help with Personal Investments
Topic: Would like to retire Jan. 2, 2019, can I do it?
Replies: 37
Views: 3536

Re: Would like to retire Jan. 2, 2019, can I do it?

Dottie57 wrote:
Wed Mar 14, 2018 5:07 pm
Looks to me like 1.7m generates about 68k ( 1.9 m - 200k to pay off debts). SS generates about around 20k. So if you can live on 88k minus taxes, health care and other expenses , you can retire.

Good luck!
+1
by Meaty
Wed Mar 14, 2018 6:40 am
Forum: Personal Finance (Not Investing)
Topic: Can we slowdown and ease into part time retirement ?
Replies: 17
Views: 1900

Re: Can we slowdown and ease into part time retirement ?

My vote is yes on part time. Your portfolio plus pension/SS is right about 25x expenses
by Meaty
Fri Mar 09, 2018 8:07 pm
Forum: Personal Consumer Issues
Topic: Books that have actually changed your life, in a way.
Replies: 172
Views: 18927

Re: Books that have actually changed your life, in a way.

I know there have been numerous books threads and I'm trying not to repeat them. But, I'm looking for boos that have had a real affect of your life. Something that actually caused you to change the way you live or do things in your life or investments. For me, It has been Michael Pollan's: In Defen...
by Meaty
Fri Mar 09, 2018 4:17 pm
Forum: Personal Consumer Issues
Topic: What do you pay for your phone/cable/internet? REAL total with tax?
Replies: 48
Views: 2835

Re: What do you pay for your phone/cable/internet? REAL total with tax?

100 mbps internet =46
TING for phone = 60 for 2 lines/text/data
SlingTV =20

126 all in
by Meaty
Thu Mar 08, 2018 1:21 pm
Forum: Personal Consumer Issues
Topic: Is this too much for a kitchen?
Replies: 69
Views: 6755

Re: Is this too much for a kitchen?

I’d get at least 3 quotes. That said, they are doing some pretty serious work. Making a window smaller will require changes to the exterior (framing, tyvek, insulation, siding/brick). That item alone is probably pretty expensive. Any way to change some items to minimize this sort of impact and, acco...
by Meaty
Wed Mar 07, 2018 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: Savings % Goal > Top marginal tax rate?
Replies: 49
Views: 2612

Re: Savings % Goal > Top marginal tax rate?

What do y'all think about using your top marginal tax rate as a savings % goal? I've seen many rules of thumb about how much we should save but never compared with income tax rates. There's a competitive part of me that likes to think I am paying myself more than I give to Uncle Sam. 8-) OP, I save...
by Meaty
Mon Mar 05, 2018 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: Donations to your enrolled public school
Replies: 106
Views: 5990

Re: Donations to your enrolled public school

runner3081 wrote:
Mon Mar 05, 2018 1:05 pm
Zero.

Well, outside of the $20-$60 per year for class activities, teacher gifts, etc that the room mom solicits.
Agree. I pay plenty in property taxes.
by Meaty
Thu Mar 01, 2018 7:20 pm
Forum: Personal Finance (Not Investing)
Topic: Move or renovate?
Replies: 19
Views: 1353

Re: Move or renovate?

You don't need to spend anywhere near 100k to do what you described in your post. This has been stated a few times but I’m not seeing it. Show me where I’m off base please Wood look porcelain tile floors - $5/sq ft installed x 4000 sq ft = 20k Master bathroom cabinets, counter tops, shower, tub, pa...
by Meaty
Thu Mar 01, 2018 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Move or renovate?
Replies: 19
Views: 1353

Re: Move or renovate?

Thanks to both of the above. My thrifty nature will likely result in no move and just minimal updates
by Meaty
Thu Mar 01, 2018 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Move or renovate?
Replies: 19
Views: 1353

Move or renovate?

Hi I’m always impressed with the collective wisdom on this board and would like to tap into that resource. My existing home is nice but dated. When contemplating all the work we’d do to update (new floors throughout, updates to bathrooms, new paint, etc) I’m probably looking at 100k into a house cur...
by Meaty
Wed Feb 28, 2018 8:23 pm
Forum: Personal Consumer Issues
Topic: Office conflict - How to deal?
Replies: 7
Views: 812

Re: Office conflict - How to deal?

Be honest (both good and bad items) but be diplomatic about it.
by Meaty
Fri Feb 16, 2018 7:44 pm
Forum: Personal Consumer Issues
Topic: For BHs who actually like cars - [what car do you drive every day?]
Replies: 280
Views: 18056

Re: For BHs who actually like cars - [what car do you drive every day?]

I haven’t splurged on it, but I’d love a Porsche Macan S. It’s around 70k including tax tag and title so i haven’t been willing to spend more than double what I normally spend on a car (once every 10-12 years) but it would be cool.

Anybody have one? What’s your impression?
by Meaty
Thu Feb 15, 2018 5:31 am
Forum: Personal Consumer Issues
Topic: Dental chews for dogs....useful?
Replies: 36
Views: 2181

Re: Dental chews for dogs....useful?

I've been buying dental chews for my lab for years, reading the labels which always say "helps clean teeth" and "reduces plaque and tartar" and thinking that I'm actually doing something beneficial for my dog. For some reason today I read the label more closely which states: "monitor your dog close...