Search found 1311 matches

by harrychan
Sun Dec 10, 2017 11:08 am
Forum: Personal Finance (Not Investing)
Topic: Can we afford to live on one income?
Replies: 48
Views: 3210

Re: Can we afford to live on one income?

A bit house poor. As you say, it is manageable but with very little wiggle room. Is your taxable considered your emergency fund? What is your income projection in the next 3 years? I left a cush 6 figure work from home job and got 45% raise by switching jobs so my wife could stay at home for 3 years...
by harrychan
Sun Nov 26, 2017 11:12 am
Forum: Investing - Help with Personal Investments
Topic: Didn't buy Bitcoin at $4600
Replies: 138
Views: 10601

Re: Didn't buy Bitcoin at $4600

I started hearing about BTC back in 2011 when I cam across an article. As a techie, I researched ways to mine it. After a few weeks, I gave up and thought about just buying it. Back then it was roughly $1.30. I never followed through as there weren't many open markets to buy.
by harrychan
Fri Nov 24, 2017 11:30 am
Forum: Personal Consumer Issues
Topic: Any tips on gifts for employees?
Replies: 14
Views: 1179

Re: Any tips on gifts for employees?

Thanks for the tips. I will accompany each gift with a hand written card. We also combine thanksgiving and christmas and call it 'holiday' party. I think I will do nice slim ties for the guys and luxury hand soap for the ladies. Gift cards just seem so impersonal.
by harrychan
Thu Nov 23, 2017 6:43 pm
Forum: Personal Consumer Issues
Topic: Any tips on gifts for employees?
Replies: 14
Views: 1179

Any tips on gifts for employees?

I manage a team of 14 people with equal mix of men and women. Budget is under $25/person. Any good ideas aside from the typical ones like gift card or wine? I would like to give something thoughtful. What are gifts you received from your boss that you appreciated? If it matters, this is coming from ...
by harrychan
Thu Nov 23, 2017 11:45 am
Forum: Personal Consumer Issues
Topic: Public or Montessori Private School
Replies: 60
Views: 4213

Re: Public or Montessori Private School

We were faced with a similar dilemma a few years ago. Our older son was well ahead of his peers. For K, we went ahead and put him into a private school and he did very well. For 1st grade, we decided to give our public school a try. After all, it is a blue ribbon school that was recognized in the st...
by harrychan
Sun Nov 19, 2017 8:05 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey says don't use credit cards, even if you pay them off
Replies: 221
Views: 13935

Re: Dave Ramsey says don't use credit cards, even if you pay them off

if you have the discipline to regulate your spending then I think you are fine with using credit cards. With that said, I tend to agree with DR as many Americans, who are in debt, use credit card as overflow or buy things they can't afford. If you look around, credit card companies make it easy for ...
by harrychan
Sun Nov 19, 2017 8:02 pm
Forum: Personal Consumer Issues
Topic: How much do you budget for vacation?
Replies: 94
Views: 5770

Re: How much do you budget for vacation?

Family of 4 with two young kids. 2017, we will spend roughly $15k in vacation. One international which cost us about $12k and a bunch of mini ones to places like San Diego or Orange County.
by harrychan
Sat Nov 18, 2017 8:15 pm
Forum: Personal Finance (Not Investing)
Topic: Costco Eyeglasses - No satisfaction guarantee. Any chance of resolution?
Replies: 27
Views: 2981

Re: Costco Eyeglasses - No satisfaction guarantee. Any chance of resolution?

I would try another Costco. I also recently got glasses at Costco and the prescription was too strong. I tried a few weeks to see if I would get used to it but I still got minor headaches. Busy-ness got the best of me and I didn't get a chance to go back to ask for a lower prescription till past the...
by harrychan
Sat Nov 18, 2017 10:59 am
Forum: Personal Finance (Not Investing)
Topic: Volunteer to be laid off? [OP Update]
Replies: 38
Views: 3561

Re: Volunteer to be laid off?

Most companies would not offer top tier severance package for employees who volunteer and be better to hold off. Your company seems to be quite generous in terms of severance so I don't see any downside. I do however foresee they refusing to accept your offer until they understand the leadership str...
by harrychan
Sat Nov 11, 2017 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: $23k credit card emergency
Replies: 76
Views: 8343

Re: $23k credit card emergency

Another vote for Dave Ramsey. If you aren't too sure, go and try a few podcasts. You will find a lot of people calling in that will be similar to your situation. His pathway to getting out of debt is proven and extremely simple to follow. I've helped many people get out of debt by recommending his p...
by harrychan
Thu Nov 02, 2017 11:07 pm
Forum: Investing - Theory, News & General
Topic: Regret of selling winning stocks early
Replies: 64
Views: 8690

Re: Regret of selling winning stocks early

My previous company's ESPP stock went as high as $150 then dropped till $9 at the dotcom bust. I put 30% of my salary into the espp for 6 months then cashed out when it went up to $80. It helped with my downpayment for my house. When I left the company earlier this year, it dropped back down to $30 ...
by harrychan
Mon Oct 30, 2017 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: Request for Promotion letter to Senior Management
Replies: 155
Views: 12554

Re: Request for Promotion letter to Senior Management

If the purpose of the letter is to document your request, then I think a much more effective approach would be to have a meeting first , and then follow up the meeting with a letter or email documenting your discussion. This way you go in much stronger with a meeting first (the letter seems like a ...
by harrychan
Sun Oct 29, 2017 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: Request for Promotion letter to Senior Management
Replies: 155
Views: 12554

Re: Request for Promotion letter to Senior Management

I'm also an IT program manager for a major healthcare group so I can somewhat relate to you. I read your letter and as much as you have listed your accomplishments, you haven't defined what you did above and beyond. What were the quantifiable achievements strictly due to your involvement? You only s...
by harrychan
Tue Oct 24, 2017 11:22 pm
Forum: Personal Consumer Issues
Topic: Anyone planning on getting the new Pixel phone?
Replies: 141
Views: 10073

Re: Anyone planning on getting the new Pixel phone?

I thought about getting the Pixel 2 XL but once I saw the price, I went and bought the OnePlus 5. Great reviews, battery life, stock Android experience at just over $500 for 128GB. Great deal imo. Have the same phone and love it This worried me though and it's why I'm willing to spend more to stick...
by harrychan
Sat Oct 21, 2017 10:43 pm
Forum: Personal Consumer Issues
Topic: Anyone planning on getting the new Pixel phone?
Replies: 141
Views: 10073

Re: Anyone planning on getting the new Pixel phone?

I thought about getting the Pixel 2 XL but once I saw the price, I went and bought the OnePlus 5. Great reviews, battery life, stock Android experience at just over $500 for 128GB. Great deal imo.
by harrychan
Sat Oct 14, 2017 10:30 am
Forum: Personal Consumer Issues
Topic: New mattress
Replies: 37
Views: 3473

Re: New mattress

Best is to go and try it yourselves. Don't blindly go with the hype of say foam mattress without really trying it. Two of my close friends recently got foam mattress. One was temperpedic which can go $2500 and another from Costco for $700. Both swear by how amazing it is. DW and I tried it at sears ...
by harrychan
Sat Oct 14, 2017 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Another Job Offer Dilemma
Replies: 13
Views: 1695

Re: Another Job Offer Dilemma

Honestly, insufficient info. Offer #1 with the RSU is enticing but also risky. Can you occasionally WFH? If I were young and without any family, I may go with offer #1. If you were a bit older (40+) and with family, probably go with offer #2.
by harrychan
Tue Oct 10, 2017 10:37 pm
Forum: Personal Consumer Issues
Topic: Asking for discounts
Replies: 59
Views: 6796

Re: Asking for discounts

I occasionally ask for discounts if I see blemish on the merchandise or open box / floor models at big box stores. I'll never ask for discount at small businesses or street vendors.
by harrychan
Sat Sep 30, 2017 7:30 pm
Forum: Personal Consumer Issues
Topic: Luggage locks
Replies: 15
Views: 1185

Re: Luggage locks

chabil wrote:
Sat Sep 30, 2017 12:47 pm
harrychan wrote:
Sat Sep 30, 2017 12:07 pm
I use zip ties and I tie them tight. If they want to cut them off, be my guest.
do you carry scissors to cut them with you in your carry on? are they allowed?
I carry fingernail clippers.
by harrychan
Sat Sep 30, 2017 12:35 pm
Forum: Personal Consumer Issues
Topic: I bought a car without thinking too much about value
Replies: 45
Views: 4258

Re: I bought a car without thinking too much about value

I think you did fine, except for the extended warranty that is not needed. I got sold the warranty by the guy using a bit of a scare tactic telling me the average prius repair they see in the shop is $2200 It might be worth it, who knows When did you buy the car? If it is within a time period (some...
by harrychan
Sat Sep 30, 2017 12:33 pm
Forum: Personal Consumer Issues
Topic: My first promotion without a pay increase
Replies: 47
Views: 5221

Re: My first promotion without a pay increase

I've been in your position. I was in the same IT megacorp for 14 years except I got regular promotions. In the early days around mid 2000's, I got 10 and even 15% jump in pay after a promotion. Then I became global head and the pay raises became more in the 2-3% range which was supposed to be "good"...
by harrychan
Sat Sep 30, 2017 12:24 pm
Forum: Personal Consumer Issues
Topic: I bought a car without thinking too much about value
Replies: 45
Views: 4258

Re: I bought a car without thinking too much about value

Do you have any debt? What are your other saving goals? If you don't have any debt then its fine. It's not a hybrid BMW or something that would cost 50% of your income. With such low daily miles, you likely won't get back the value of the mileage from buying a prius. If it is a lifestyle decision, t...
by harrychan
Sat Sep 30, 2017 12:07 pm
Forum: Personal Consumer Issues
Topic: Luggage locks
Replies: 15
Views: 1185

Re: Luggage locks

I use zip ties and I tie them tight. If they want to cut them off, be my guest.
by harrychan
Sat Sep 23, 2017 11:46 pm
Forum: Personal Finance (Not Investing)
Topic: california homeowners - do you have earthquake insurance?
Replies: 79
Views: 6899

Re: california homeowners - do you have earthquake insurance?

Live in Los Angeles. We do not have earthquake insurance. As many have mentioned, our lot is worth much more than our physical structure. If we do get hit with a catastrophic earthquake and we survive the quake, we will get a loan to pay for a new house. The amount of interest we will pay during the...
by harrychan
Sat Sep 23, 2017 11:35 pm
Forum: Personal Consumer Issues
Topic: Lifestyle Creep
Replies: 142
Views: 12319

Re: Lifestyle Creep

Our household income went up by roughly $150k on Jan of this year. DW went back to work and I got a job that pays 45% more. We became much more conscious of our spending as we wanted to fully maximize our savings. Because of this, we paid closer to what we spend and budget more carefully. As a resul...
by harrychan
Sat Sep 09, 2017 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Anyone else freeze their credit score?
Replies: 126
Views: 12052

Re: Anyone else freeze their credit score?

The Equifax hack was the straw the broke the camel's back. I froze my wife's and my credit at the 3 major bureaus and Innovis. It's going to be a pain to unfreeze it when we apply for a mortgage, but that is the life we live in now-a-days. Anyone freeze their credit? Blue Man Right behind you. I ha...
by harrychan
Wed Sep 06, 2017 8:07 pm
Forum: Personal Consumer Issues
Topic: Do I need an Amazon Echo??.....
Replies: 68
Views: 5346

Re: Do I need an Amazon Echo??.....

We use our Echo and Echo dot regularly. Some of our uses: -adding items to our shopping list -setting timers while in the kitchen -setting timers to get kids to read / sleep / shower / xyz -finding out who is right when we get into an argument (alexa, how far is hawaii to california?) -check calenda...
by harrychan
Wed Sep 06, 2017 8:03 pm
Forum: Personal Consumer Issues
Topic: Name something you had to have and now you regret purchasing it?
Replies: 275
Views: 25915

Re: Name something you had to have and now you regret purchasing it?

A rental property. Not me but my brother went that rout. He had a professional dead beat tenant who wouldn't pay and it took eight months to evict her. She knew every trick in the book to stay. Owning one property is like owning one stock. My friend's in law is going through this. 4 unit apt and le...
by harrychan
Tue Sep 05, 2017 10:39 pm
Forum: Personal Consumer Issues
Topic: Name something you had to have and now you regret purchasing it?
Replies: 275
Views: 25915

Re: Name something you had to have and now you regret purchasing it?

Ikea furniture. Absolute POS at every level. Their kitchen organizers or pot hangers are fine but not their furniture.
by harrychan
Wed Aug 23, 2017 11:37 pm
Forum: Personal Finance (Not Investing)
Topic: School Redistricting - What should we do?
Replies: 96
Views: 7877

Re: School Redistricting - What should we do?

Another vote for waiting it out. Keep in mind it is not just your new HS that got their boundaries redrawn. The better school is presumably now have to accept kids from bad neighborhoods. In 5 years, the entire school population will get flushed out and the schools will gain students from different ...
by harrychan
Mon Aug 21, 2017 10:00 pm
Forum: Personal Finance (Not Investing)
Topic: Overextended in Bay Area housing?
Replies: 37
Views: 4077

Re: Overextended in Bay Area housing?

Cutting up your credit card and would be a start.
by harrychan
Sat Aug 19, 2017 4:53 pm
Forum: Investing - Help with Personal Investments
Topic: Cancer at 38. Going from high income to no income. Need help generating income from $5m portfolio
Replies: 45
Views: 9874

Re: Cancer at 38. Going from high income to no income. Need help generating income from $5m portfolio

The suggestion above is very important under the circumstances. If you don't already, you need to have a full estate plan in place for yourself (and your husband, though that is more straightforward). This plan may need to include more life insurance on your own life so that your children will be p...
by harrychan
Sat Aug 19, 2017 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: Any reason to refinance low balance mortgage?
Replies: 13
Views: 1033

Re: Any reason to refinance low balance mortgage?

Not sure what your plans are but if you plan on paying it off early, you can refi it to an ARM and pay it off before the interest adjusts. Depending on your income, $98k can be paid off in 3-4 years.
by harrychan
Sat Aug 19, 2017 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: Jobs that pay over $100,000
Replies: 157
Views: 17033

Re: Jobs that pay over $100,000

OP, I'm surprised no one brought this up. It is more important to teach your son about budgeting and living below his means rather than looking at a false safety net of aiming for 6 figs. There are people who become millionaires making under 6 figs their entire career and those making well over but ...
by harrychan
Wed Aug 16, 2017 4:51 pm
Forum: Forum Issues and Administration
Topic: Revealing Usernames
Replies: 108
Views: 16377

Re: Revealing Usernames

First two names that came up when I was generating a username. It has zero meaning or association to myself.
by harrychan
Sat Aug 12, 2017 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: buying a rental property vs investing more in stocks
Replies: 26
Views: 3634

Re: buying a rental property vs investing more in stocks

Numbers don't work out in your situation in my view. It's too much eggs in one basket and too many things can go wrong (deadbeat renter, earthquake, tech crash). I love me some investment property but only if you can afford to pay cash and not flinch. Otherwise, you can get much better return with $...
by harrychan
Sat Aug 12, 2017 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: Career Decision - HCOL area vs. LCOL area
Replies: 13
Views: 1635

Re: Career Decision - HCOL area vs. LCOL area

As you have identified, this is not as simple as a HCOL vs LCOL decision. I live in a HCOL area and live a quality life with little to no debt because we budget. I have a friend that constantly brag about how life is in his MN ranch. I can outright buy out his ranch with the equity I have in my home...
by harrychan
Fri Aug 11, 2017 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: Feeling guilty about travel expenses
Replies: 25
Views: 3344

Re: Feeling guilty about travel expenses

I'll be the one to say it. 30% of your take home pay of €29000 is too much to spend on travel. Get it over with this year and try to get yourself a little more frugal next year. This. It is so tempting to keep up with the Jones. It is a saying Americans use as a euphemism when someone is spending m...
by harrychan
Tue Aug 08, 2017 6:07 am
Forum: Personal Consumer Issues
Topic: Buy Google Pixel mobile now or wait for Pixel 2
Replies: 33
Views: 3433

Re: Buy Google Pixel mobile now or wait for Pixel 2

If you can't wait and want a good budget android device, get the one plus 5.im using it now after 3 years with the one plus one.
by harrychan
Sat Jul 22, 2017 4:21 pm
Forum: Personal Consumer Issues
Topic: Career Advice
Replies: 19
Views: 1810

Re: Career Advice

Initially, I thought teaching for sure but after rereading your post, I would go to the megacorp for 3-4 more years then go teaching. I think you have too much in you to 'settle' for a part time teaching job. It also sounds like the teaching job will be there. Alternative may be to go part time / co...
by harrychan
Sat Jul 15, 2017 11:50 am
Forum: Personal Consumer Issues
Topic: Urgent 1st world problem [coffeemaker]
Replies: 48
Views: 3716

Re: Urgent 1st world problem [coffeemaker]

I tried many coffee makers and ultimately settled on using an aeropress for my daily brewing. Economical and great taste.
by harrychan
Mon Jul 10, 2017 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: Having someone else pay our mortgage
Replies: 13
Views: 2848

Re: Having someone else pay our mortgage

Seems like you made the right decision. The only exception would be if you had the cash to buy the future house outright but then it wouldn't be mortgage :)
by harrychan
Mon Jul 10, 2017 1:36 pm
Forum: Personal Consumer Issues
Topic: How did you handle the costs of your child's wedding?
Replies: 170
Views: 14680

Re: How did you handle the costs of your child's wedding?

Our kids are about your age. We haven't thought about paying for their wedding but from the rate we are saving with boglehead mentality, we would be in good shape to support them as needed. For our own wedding, my great uncle from my dad's side gifted us gold coins and my FIL gifted us stocks. 4 yea...
by harrychan
Fri Jul 07, 2017 12:12 am
Forum: Personal Consumer Issues
Topic: Task management / organizing app
Replies: 52
Views: 2384

Re: Task management / organizing app

I use evernote for my personal notes and to do lists which can sync across devices.
For lists such as shopping, I use alexa app which integrates into my echo devices.
by harrychan
Tue Jul 04, 2017 7:47 pm
Forum: Personal Consumer Issues
Topic: Anyone bought a Pixel?
Replies: 46
Views: 4857

Re: Anyone bought a Pixel?

I passed by the Pixel and got the recently launched One Plus 5. Despite all the criticism it is receiving, it is a great phone for a fraction of the cost of a Samsung Galaxy S8 or iphone 7+. I haven't had any issues and very happy with the purchase. I've used the One Plus One for 2.5 years.
by harrychan
Tue Jul 04, 2017 7:44 pm
Forum: Personal Consumer Issues
Topic: What do you splurge on?
Replies: 133
Views: 12648

Re: What do you splurge on?

I get a full body massage once every 2-3 weeks. My wife's splurge is the cleaning lady who comes twice a month. She does a fantastic job!
by harrychan
Tue Jul 04, 2017 6:16 pm
Forum: Personal Consumer Issues
Topic: UberX or UberXL??
Replies: 15
Views: 1646

Re: UberX or UberXL??

Go UberXL. It will at least assure you a 7 seater. I usually compare between uber and lyft and choose between the two that gives me the best price. If you are anxious, just give uber a try to go to run an errand or something just to get a feel of everything.
by harrychan
Tue Jul 04, 2017 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: Amazon FBA Seller
Replies: 9
Views: 1515

Re: Amazon FBA Seller

Ever wonder how Amazon makes money from Prime members offering free shipping? The sellers foot the bill. The fees associated with FBA is so atrocious that you need a really high margin in order to make any money. For a lot of small potato sellers, it simply isn't worth it. I currently consult for a ...
by harrychan
Tue Jul 04, 2017 11:49 am
Forum: Personal Consumer Issues
Topic: When to leave a job?
Replies: 11
Views: 2127

Re: When to leave a job?

I got out. I am about a decade younger than you. I was a network engineer who eventually become team lead and then manager. Initially, I was managing network engineers across the US and Europe who were soon replaced by engineers in India where the salary is 1/4 that of direct hires. Calculate benefi...