Search found 183 matches

by RoadHouseFan
Sat Mar 25, 2017 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: Do I have too much cash?
Replies: 10
Views: 1248

Re: Do I have too much cash?

Can never have too much cash. Cash is king!
by RoadHouseFan
Sat Mar 25, 2017 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Ever apply a competitor and have word get back to your employer?
Replies: 24
Views: 2284

Re: Ever apply a competitor and have word get back to your employer?

Some co-workers have been called out for having their resumes posted on Monster, etc. as well as had their LinkedIn activity (likes, comments, profile updates, etc.) monitored.
by RoadHouseFan
Fri Mar 24, 2017 9:45 pm
Forum: Personal Consumer Issues
Topic: In-N-Out Burger - Best Chain Fast Food Burger Joint?
Replies: 119
Views: 16941

Re: In-N-Out Burger - Best Chain Fast Food Burger Joint?

Cracker Barrel, Chick-fil-A and Dairy Queen are much better.
by RoadHouseFan
Fri Mar 24, 2017 10:13 am
Forum: Personal Finance (Not Investing)
Topic: Gross Yearly Income needed in Retirement (Speculation)
Replies: 194
Views: 20909

Re: Gross Yearly Income needed in Retirement (Speculation)

Anything above $30k per year is extravagant. Anything above $10k per year is extravagant says 60% of the world. Why do you waste so much money? We're trying to reduce costs by only going out to eat at Cracker Barrel, Chick-fil-A or Dairy Queen. Outback and Olive Garden were a bit too fancy and pric...
by RoadHouseFan
Fri Mar 24, 2017 9:11 am
Forum: Personal Finance (Not Investing)
Topic: Gross Yearly Income needed in Retirement (Speculation)
Replies: 194
Views: 20909

Re: Gross Yearly Income needed in Retirement (Speculation)

Anything above $30k per year is extravagant.
by RoadHouseFan
Thu Mar 23, 2017 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Stay & remodel vs. Move - North Dallas
Replies: 25
Views: 880

Re: Stay & remodel vs. Move - North Dallas

It's a win win decision. Can't wrong with Texas!
by RoadHouseFan
Wed Mar 22, 2017 7:18 pm
Forum: Personal Finance (Not Investing)
Topic: High CoL Area (W/ Mortgage) VS. Low CoL Area (W/ Paid Off House)
Replies: 9
Views: 696

Re: High CoL Area (W/ Mortgage) VS. Low CoL Area (W/ Paid Off House)

Moving out of an overpriced, low quality of life area is always a good idea.
by RoadHouseFan
Mon Mar 20, 2017 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: Recommended emergency fund for middle class households: $13,800
Replies: 64
Views: 6392

Re: Recommended emergency fund for middle class households: $13,800

Sandtrap wrote:
Grt2bOutdoors wrote:
RoadHouseFan wrote:36+ months of expenses


+1

++++1 or more = sleep factor.. :happy


Agree! Cash is king...
by RoadHouseFan
Mon Mar 20, 2017 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: What would it take to buy a house in our neighborhood?
Replies: 20
Views: 1364

Re: What would it take to buy a house in our neighborhood?

With your income, you could buy a very spacious and new house in a lower cost, higher quality of life part of the country.
by RoadHouseFan
Mon Mar 20, 2017 10:07 am
Forum: Personal Finance (Not Investing)
Topic: Any downside in buying a brand new house ?
Replies: 71
Views: 4527

Re: Any downside in buying a brand new house ?

Can't beat the brand new smell!
by RoadHouseFan
Mon Mar 20, 2017 9:58 am
Forum: Personal Finance (Not Investing)
Topic: "Millionaire Next Door" Net Worth Formula
Replies: 168
Views: 13685

Re: "Millionaire Next Door" Net Worth Formula

likegarden wrote:worked for me.


Agree! It's a highly accurate indicator of one's spending problems.
by RoadHouseFan
Sat Mar 18, 2017 10:36 am
Forum: Personal Finance (Not Investing)
Topic: "Millionaire Next Door" Net Worth Formula
Replies: 168
Views: 13685

Re: "Millionaire Next Door" Net Worth Formula

orca91 wrote:I'm right in line with my expected net worth then. I will have to like this formula. :happy


Agree!
by RoadHouseFan
Sat Mar 18, 2017 10:17 am
Forum: Personal Finance (Not Investing)
Topic: "Millionaire Next Door" Net Worth Formula
Replies: 168
Views: 13685

Re: "Millionaire Next Door" Net Worth Formula

RoadHouseFan wrote:It's a very handy rule of thumb for assessing one's net worth status.


Expected Net Worth = Age(years) * total_income * 10%
by RoadHouseFan
Sat Mar 18, 2017 10:08 am
Forum: Personal Finance (Not Investing)
Topic: "Millionaire Next Door" Net Worth Formula
Replies: 168
Views: 13685

"Millionaire Next Door" Net Worth Formula

It's a very handy rule of thumb for assessing one's net worth status.
by RoadHouseFan
Fri Mar 17, 2017 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Endless Job Interviews (with same company)
Replies: 58
Views: 5552

Re: Endless Job Interviews (with same company)

KlangFool wrote:OP,

Just say no. Ask the recruiter why new interviews are necessary. If you say yes, it means that you are a pushover and nowhere else to go.

KlangFool


This is correct. Send the recruiter an email stating that you are not available for additional interviews.
by RoadHouseFan
Wed Mar 15, 2017 5:19 pm
Forum: Personal Consumer Issues
Topic: $464.12 dinner bill last night. No regrets.
Replies: 78
Views: 9531

Re: $464.12 dinner bill last night. No regrets.

Midwest, southern and Texas steakhouses are superior.
by RoadHouseFan
Wed Mar 15, 2017 11:12 am
Forum: Personal Consumer Issues
Topic: $464.12 dinner bill last night. No regrets.
Replies: 78
Views: 9531

Re: $464.12 dinner bill last night. No regrets.

That's not a typo...and even though it might not be very BH-ish to spend that much on a meal...I could not have been more happy to pay it. I would like to tell a nice story that explains why. When I started college (undergrad) and began trying to figure out how to pay for it, I was pretty overwhelm...
by RoadHouseFan
Mon Mar 13, 2017 8:29 pm
Forum: Personal Consumer Issues
Topic: How many pairs of jeans do you own?
Replies: 64
Views: 3533

Re: How many pairs of jeans do you own?

Jeans, jean jackets and jorts are very popular.
by RoadHouseFan
Mon Mar 13, 2017 6:35 pm
Forum: Personal Finance (Not Investing)
Topic: How to tackle fiancee's student loan debt
Replies: 33
Views: 2498

Re: How to tackle fiancee's student loan debt

Present her with a prenup and list of monthly expenses for her to pay.
by RoadHouseFan
Sun Mar 12, 2017 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: How Much in Your Emergency Fund And Is It Used?
Replies: 176
Views: 14692

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

Tycoon wrote:225k. Yes, the money is used for emergencies.


Our goal is to have this much or more saved and put aside.
by RoadHouseFan
Sat Mar 11, 2017 8:41 pm
Forum: Personal Finance (Not Investing)
Topic: Nearly paid off house; Should I sell, go back to renting and invest the equity?
Replies: 14
Views: 1229

Re: Nearly paid off house; Should I sell, go back to renting and invest the equity?

You are in a win win situation. Nothing wrong with renting. It can help to simplify home life as well as reduce spending.
by RoadHouseFan
Sat Mar 11, 2017 1:34 pm
Forum: Personal Consumer Issues
Topic: 2017 Honda CRV: anyone shopping or buying?
Replies: 26
Views: 2638

Re: 2017 Honda CRV: anyone shopping or buying?

Looked at one, but went with a Forester instead.
by RoadHouseFan
Sat Mar 11, 2017 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Total Annual Expenses
Replies: 57
Views: 3897

Re: Total Annual Expenses

Our total household expenses target is around (preferably below) $30k. How about you? Assumed that taxes are excluded from this expense target. Perhaps, "cost of living expenses" is a more appropriate title. Are you including: - Periodic expenses like buying a new car every ? years? [for ...
by RoadHouseFan
Sat Mar 11, 2017 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: How Much in Your Emergency Fund And Is It Used?
Replies: 176
Views: 14692

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

Would consider anything outside of retirement accounts and real estate to fall into this category. If you don't have extreme job security or rich parents, then accumulating several years of living expenses is recommended.
by RoadHouseFan
Fri Mar 10, 2017 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Independence: How many years of living expenses saved?
Replies: 23
Views: 3477

Re: Financial Independence: How many years of living expenses saved?

KlangFool wrote:25X with normal retirement age -> 62 to 67.

33X -> earlier than 62 to 67.

50X -> any time.

KlangFool


Less than 60 years old, means one needs 33x < (x = year of living expenses) <= 50x?

Thanks!
by RoadHouseFan
Fri Mar 10, 2017 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Independence: How many years of living expenses saved?
Replies: 23
Views: 3477

Re: Financial Independence: How many years of living expenses saved?

Other factors that can affect the result are whether the savings are in Roth, TAx Deferred , Taxable or something else. Another big factor is how old you are. If you are 55 and are going to be getting a sweet pension + social security check you don't need as much as if you are 30 and expect no pens...
by RoadHouseFan
Fri Mar 10, 2017 8:02 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Independence: How many years of living expenses saved?
Replies: 23
Views: 3477

Re: Financial Independence: How many years of living expenses saved?

Is there a consensus on the number of years of living expenses saved for one to be considered financially independent? 25x is an oft-used rule of thumb. You can learn a lot more about it if you search for "SWR" (Safe Withdrawal Rate) and the Trinity study. 25x corresponds to a SWR of 4%. ...
by RoadHouseFan
Fri Mar 10, 2017 7:57 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Independence: How many years of living expenses saved?
Replies: 23
Views: 3477

Re: Financial Independence: How many years of living expenses saved?

KlangFool wrote:
RoadHouseFan wrote:Is there a consensus on the number of years of living expenses saved for one to be considered financially independent?


RoadHouseFan,

Depending on the age, it is between 25 to 50 times.

KlangFool


Thank you!
by RoadHouseFan
Fri Mar 10, 2017 7:39 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Independence: How many years of living expenses saved?
Replies: 23
Views: 3477

Financial Independence: How many years of living expenses saved?

Is there a consensus on the number of years of living expenses saved for one to be considered financially independent?
by RoadHouseFan
Fri Mar 10, 2017 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: Total Annual Expenses
Replies: 57
Views: 3897

Re: Total Annual Expenses

RoadHouseFan wrote:Our total household expenses target is around (preferably below) $30k. How about you?


Assumed that taxes are excluded from this expense target. Perhaps, "cost of living expenses" is a more appropriate title.
by RoadHouseFan
Thu Mar 09, 2017 6:35 pm
Forum: Personal Finance (Not Investing)
Topic: Total Annual Expenses
Replies: 57
Views: 3897

Total Annual Expenses

Our total household expenses target is around (preferably below) $30k. How about you?
by RoadHouseFan
Mon Mar 06, 2017 7:19 pm
Forum: Personal Finance (Not Investing)
Topic: Wedding cash gift
Replies: 68
Views: 3589

Re: Wedding cash gift

Here are some recent weddings we attended:

Catering;
City Barbeque (delicious!!!)
Qdoba (very good!!)

Cake:
Ice cream cakes from Dairy Queen (a big success!!!)

Music:
Playlists selected by the couples
by RoadHouseFan
Mon Mar 06, 2017 11:26 am
Forum: Personal Finance (Not Investing)
Topic: How much do you spend on food in a year?
Replies: 155
Views: 6915

Re: How much do you spend on food in a year?

Groceries are around $6000. We avoid overpriced, highbrow places like Whole Foods.

Eating out totals around $1000. Cracker Barrel, Chick-fil-A and Dairy Queen meet our needs with occasional visits to fancy restaurants like Olive Garden or Outback.
by RoadHouseFan
Sat Mar 04, 2017 4:52 pm
Forum: Personal Consumer Issues
Topic: How to ask back the book I lent to a Director?
Replies: 45
Views: 2410

Re: How to ask back the book I lent to a Director?

Submit an expense report for the book.
by RoadHouseFan
Fri Mar 03, 2017 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: Why can't I save enough to have decent vacation or restaurant meal
Replies: 125
Views: 10972

Re: Why can't I save enough to have decent vacation or restaurant meal

We save up and only go to fancy restaurants like Olive Garden once a month.
by RoadHouseFan
Fri Mar 03, 2017 7:36 pm
Forum: Personal Consumer Issues
Topic: Mexico 3rd week in June?
Replies: 16
Views: 1013

Re: Mexico 3rd week in June?

Puerto Vallarta is nice! Beautiful weather year round. Enjoy your trip.
by RoadHouseFan
Fri Mar 03, 2017 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: Million Dollar House with Uncertain Future Income??
Replies: 23
Views: 1867

Re: Million Dollar House with Uncertain Future Income??

$1 million should get you 5,000 - 10,000 sqft on a 3+ acre lot. Otherwise, renting is a better option.
by RoadHouseFan
Wed Mar 01, 2017 7:24 pm
Forum: Personal Finance (Not Investing)
Topic: Why can't I save enough to have decent vacation or restaurant meal
Replies: 125
Views: 10972

Re: Why can't I save enough to have decent vacation or restaurant meal

Great meals are available for <$7 per person at Cracker Barrel and Chick-fil-A in a family friendly environment.
by RoadHouseFan
Mon Feb 27, 2017 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: BH thoughts on Time shares
Replies: 123
Views: 7902

Re: BH thoughts on Time shares

Just say no.
by RoadHouseFan
Tue Feb 21, 2017 8:30 pm
Forum: Personal Consumer Issues
Topic: Purchasing 1 acre, building custom home in Cedar Hills, Texas
Replies: 27
Views: 2789

Re: Purchasing 1 acre, building custom home in Cedar Hills, Texas

You're on the right track. Can't go wrong with Texas!
by RoadHouseFan
Sat Feb 18, 2017 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: Need advice on girlfriend debt/finances
Replies: 82
Views: 7273

Re: Need advice on girlfriend debt/finances

Start charging her rent. Also, present her with a prenup.
by RoadHouseFan
Sat Feb 18, 2017 1:39 pm
Forum: Personal Consumer Issues
Topic: Why do you go to restaurants?
Replies: 229
Views: 15389

Re: Why do you go to restaurants?

flyingaway wrote:
TRC wrote:
flyingaway wrote:


Part of your bad experience probably relates back to the fact that you're eating at chain restaurants with poor food quality.


I think there must be some positive reasons for the chain restaurants to survive so long.


Agree! We prefer chain restaurants.
by RoadHouseFan
Thu Feb 16, 2017 7:50 pm
Forum: Personal Consumer Issues
Topic: Anniversary Trip Recommendations
Replies: 33
Views: 2238

Re: Anniversary Trip Recommendations

Gatlinburg, Tennessee
by RoadHouseFan
Wed Feb 15, 2017 12:55 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 2541
Views: 652270

Re: What Movie Have You Recently Watched?

abuss368 wrote:We are watching "Bloodline" on Netflix.


Best show on Netflix... Coach Taylor leads a really good cast of actors.
by RoadHouseFan
Tue Feb 14, 2017 9:20 pm
Forum: Personal Consumer Issues
Topic: Appalachian Trail thru-hike in retirement?
Replies: 72
Views: 9188

Re: Appalachian Trail thru-hike in retirement?

My wife and I plan on thru hiking the Appalachian Trail the spring after we retire. (2016 or 2017)Any one else have these plans. We have been talking about this for at least 10 years now. As of right now, excluding time with family, hiking the trail is the only major thing on our bucket list. What ...
by RoadHouseFan
Tue Feb 14, 2017 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: Early Retirement
Replies: 21
Views: 2638

Re: Early Retirement

You're in great financial shape. You can easily retire. Congratulations!
by RoadHouseFan
Tue Feb 14, 2017 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: BH thoughts on housing crash
Replies: 60
Views: 3210

Re: BH thoughts on housing crash

Sometimes renting is the better option. Sometimes it is not. A house or rental is just a place to provide shelter.

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