Search found 135 matches

by heybro
Thu Jan 04, 2018 2:33 am
Forum: Personal Finance (Not Investing)
Topic: What is your threshold for paying down debt?
Replies: 89
Views: 5981

Re: What is your threshold for paying down debt?

For example, there was a car loan thread and multiple posters were proclaiming one should never take a car loan because it breeds bad habits. One poster arguing for car loans even had the cash but took a 0 down, 0% interest, 5 year loan. That poster went ignored, but you really can't argue against ...
by heybro
Mon Jan 01, 2018 11:41 pm
Forum: Personal Finance (Not Investing)
Topic: What is your threshold for paying down debt?
Replies: 89
Views: 5981

Re: What is your threshold for paying down debt?

I wanted to post a few things. If you buy something on credit, you don't fully realize how much work is going to be involved until it is paid. Having to save 100 bucks together in order to buy a pair of blue jeans is a lot harder then walking in to a store and just grabbing a pair of blue jeans and ...
by heybro
Mon Dec 25, 2017 4:18 am
Forum: Investing - Theory, News & General
Topic: 1st, your education. Then...Location, Location, Location
Replies: 66
Views: 8635

Re: 1st, your education. Then...Location, Location, Location

1. Get an college degree if you don't have one and an advanced degree if you do. 2. Move to a big city or near one. Others?? Get a college degree. OK, fair point. But then you go on to say that both labor and educated experts will lose their jobs. If anything, an increase in robots should be a call...
by heybro
Fri Dec 22, 2017 1:31 am
Forum: Personal Finance (Not Investing)
Topic: Mentally loosening the strings
Replies: 36
Views: 3791

Re: Mentally loosening the strings

If you are both frugal and a maximiser, these tendencies synergize each other. If someone ever starts a Frugal Maximisers' Anonymous group, I will join. I am frugal and a maximizer. I am lucky because my tastes are actually very inexpensive. For instance, what I prefer to order when eating out is e...
by heybro
Fri Dec 22, 2017 1:22 am
Forum: Investing - Help with Personal Investments
Topic: Revamping my Portfolio - advice needed
Replies: 13
Views: 756

Re: Revamping my Portfolio - advice needed

APPROVED!

Do it!

The 90/10 is a thing of beauty. Change now!

Enjoy your prosperous future!
by heybro
Tue Dec 19, 2017 7:05 pm
Forum: Investing - Help with Personal Investments
Topic: Revamping my Portfolio - advice needed
Replies: 13
Views: 756

Re: Revamping my Portfolio - advice needed

Instead of selling bonds, can you just put future contributions in to stocks to get it to tilt the way you want? You are young enough, you should be able to make any changes you want especially if you are headed towards the long term. I love the mix personally. I am just cautious that you'd be buyin...
by heybro
Tue Dec 19, 2017 1:31 pm
Forum: Investing - Help with Personal Investments
Topic: Revamping my Portfolio - advice needed
Replies: 13
Views: 756

Re: Revamping my Portfolio - advice needed

Desired Asset allocation: 90% stocks / 10% bonds I love the classic 90/10 mix but are you sure you aren't chasing the current stock gains? The current stock gains have been great - but I'm hopeful that the next few years of Trump and the passing of the tax bill will further grow the US stock market...
by heybro
Tue Dec 19, 2017 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Mentally loosening the strings
Replies: 36
Views: 3791

Re: Mentally loosening the strings

I think this is a very important topic. Most advice, I do believe, ASSUMES people will have 'problems' saving. So, really, all the focus is always on 'do as much as you can!' But if i tell someone like YOU to 'do as much as you can' well, I very well may have just pushed you to save 90% of your take...
by heybro
Tue Dec 19, 2017 1:13 pm
Forum: Investing - Help with Personal Investments
Topic: Second Opinions on my Current Allocation 21y.o.
Replies: 10
Views: 1382

Re: Second Opinions on my Current Allocation 21M

Just turned 21, grew up with poor alcoholic parents who know nothing about money. I like you. I like you already. If I may, have you answered the question as to 'why' you want this out of life? What is the reason, what is your goal besides FIRE. I don't want your past to completely define you. The ...
by heybro
Tue Dec 19, 2017 1:08 pm
Forum: Investing - Help with Personal Investments
Topic: Revamping my Portfolio - advice needed
Replies: 13
Views: 756

Re: Revamping my Portfolio - advice needed

31andlearning wrote:
Tue Dec 19, 2017 12:38 pm

Desired Asset allocation: 90% stocks / 10% bonds


I love the classic 90/10 mix but are you sure you aren't chasing the current stock gains?
by heybro
Mon Dec 18, 2017 3:53 am
Forum: Investing - Theory, News & General
Topic: The Dog Years Of Investing
Replies: 6
Views: 2016

Re: The Dog Years Of Investing

It makes me think of my mortgage. I believe it took 8 years to pay 25% of it and 3 years to pay 75% of it.
by heybro
Mon Dec 18, 2017 3:00 am
Forum: Personal Finance (Not Investing)
Topic: Becoming a Landlord: My Experiences
Replies: 136
Views: 25089

Re: Becoming a Landlord: My Experiences

Bogleheads: Many threads have come up on ... Wow! Coolest post ever! What do you think of the current rental boom - huge increase in rents? Is the renting market merely a cycle and therefore soon renting may not be as popular soon? I have heard there is a pendulum swing as to where people want to l...
by heybro
Mon Dec 18, 2017 2:36 am
Forum: Personal Finance (Not Investing)
Topic: pay down mortgage or invest in taxable
Replies: 73
Views: 6427

Re: pay down mortgage or invest in taxable

The way I answer this question is this: Walk up to any guy who owns his house free and clear and ask him if he'd like to take a mortgage out on that house in order to use the money for a retirement account. I don't think anyone would say yes. Feels like an emotional answer, IMHO. Yes, I have my mor...
by heybro
Thu Dec 14, 2017 1:55 am
Forum: Personal Finance (Not Investing)
Topic: pay down mortgage or invest in taxable
Replies: 73
Views: 6427

Re: pay down mortgage or invest in taxable

The way I answer this question is this:

Walk up to any guy who owns his house free and clear and ask him if he'd like to take a mortgage out on that house in order to use the money for a retirement account. I don't think anyone would say yes.
by heybro
Mon Dec 11, 2017 10:48 pm
Forum: Personal Consumer Issues
Topic: Best Touch Screen Set-Up (mouse problems)
Replies: 3
Views: 317

Best Touch Screen Set-Up (mouse problems)

I've been having troubles with using a mouse and was thinking of changing to something touch screen. Although I see Apple sells a Track Pad that might be useful to me. With touch screen, are my options pretty much an ipad? or Chrome book? I am told I need a 'data only' plan to connect to the interne...
by heybro
Tue Dec 05, 2017 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage is About To Be Paid - I'm Scared!
Replies: 43
Views: 5962

Re: Mortgage is About To Be Paid - I'm Scared!

I’m not sure if this is a humblebrag, but I’ve posted here about almost paying off my mortgage and not knowing what to do next. This was actually a statement of fear. In some ways this is like leaving the harbor and sailing Out to sea. There are so many options with investing and there are so many ...
by heybro
Mon Dec 04, 2017 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage is About To Be Paid - I'm Scared!
Replies: 43
Views: 5962

Re: Mortgage is About To Be Paid - I'm Scared!

This is exactly right. This situation is extremely foreign to me. Growing up, we got by. My debt has always been an enemy that I have always had. I just want to be sure I'm not caught off guard because I EXPECT something! I am not used to not having to worry about it. I've lived my whole life viewin...
by heybro
Mon Dec 04, 2017 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage is About To Be Paid - I'm Scared!
Replies: 43
Views: 5962

Mortgage is About To Be Paid - I'm Scared!

When I started, I put everything to my student loans. The day they left me, I was thrilled. Then I went after the mortgage. It will be paid in about one year. At that moment, I will not have any debt and I will most likely never have any debt again. This is going to be a huge point of change. I am p...
by heybro
Wed Nov 22, 2017 12:30 am
Forum: Personal Consumer Issues
Topic: Best Basic DESKTOP?
Replies: 77
Views: 6091

Best Basic DESKTOP?

I've been buying Dell Desktops for years. My last purchase didn't feel as good. I get the impression that Dell isn't what it used to be. Therefore, in preparation for my next Desktop purchase, can you recommend any good companies? I like the idea of getting an Apple because I won't have to worry so ...
by heybro
Wed Nov 22, 2017 12:25 am
Forum: Personal Consumer Issues
Topic: Beware Amazon Price Gouging
Replies: 74
Views: 9698

Re: Beware Amazon Price Gouging

Amazon is nothing more than a glorified Sears catalog. I do not understand the 'appeal' of amazon let alone its cult status. For one, it is impossible to find anything. Type anything you want in to the search bar and you get 25,000 results. Try sorting through that mess! Then you have to beware that...
by heybro
Mon Nov 20, 2017 2:38 am
Forum: Personal Finance (Not Investing)
Topic: Why I am not happy even with OK Net Asset
Replies: 38
Views: 3968

Re: Why I am not happy even with OK Net Asset

Let me ask you, what did you feel when you were growing up and you saw your dad's paycheck was that amount? If you don't mind, I would suggest you spend some time with your own experiences and thoughts and explore, for yourself, what money means to you? Does it mean you will feel safe if you have mo...
by heybro
Tue Nov 07, 2017 4:19 am
Forum: Personal Finance (Not Investing)
Topic: Why make more money?
Replies: 134
Views: 13855

Re: Why make more money?

Lets just assume that you are healthy and financially OK. You have have 30x expenses in investments plus whatever socials security will eventually give you in some distant future. You have no debt and the kids college is covered. You don't live extravagantly, but you have enough to travel, eat out,...
by heybro
Mon Nov 06, 2017 10:48 pm
Forum: Personal Finance (Not Investing)
Topic: Why make more money?
Replies: 134
Views: 13855

Re: Why make more money?

Lets just assume that you are healthy and financially OK. You have have 30x expenses in investments plus whatever socials security will eventually give you in some distant future. You have no debt and the kids college is covered. You don't live extravagantly, but you have enough to travel, eat out,...
by heybro
Tue Oct 31, 2017 10:22 pm
Forum: Personal Finance (Not Investing)
Topic: Inexpensive house or condo as home base (MKE?)
Replies: 39
Views: 4378

Re: Inexpensive house or condo as home base (MKE?)

Have you ever lived in a condo before? HOA fees are no joke and they can hit you with an assessment at any time for anything. A storage unit + post office box rental (or UPS box rental) + long term rentals (month to month) will save you in the long run. Plus, it may be a perfect time to get rid of s...
by heybro
Mon Oct 30, 2017 1:40 am
Forum: Personal Finance (Not Investing)
Topic: Student Loan: To Pay or Not to Pay: That is the Question
Replies: 32
Views: 3322

Re: Student Loan: To Pay or Not to Pay: That is the Question

Student Loans cannot be wiped out in bankruptcy. They are evil sucking creatures that stay with you no matter what. GET RID OF IT! I am not saying you would ever declare bankruptcy but it just shows the potency of them. One never knows what the future may bring. Why hold on to something that is comp...
by heybro
Thu Oct 26, 2017 1:55 am
Forum: Personal Finance (Not Investing)
Topic: HSA Questions!
Replies: 3
Views: 516

HSA Questions!

Hey! I just heard a rumor that my employer will be offering an HSA next year! (as part of a HDHP of course). This will be the first time they have offered it! I am excited! I was looking at the wiki and can someone clarify what this means (emphasis mine)? "If your employer allows it, you can make yo...
by heybro
Mon Oct 23, 2017 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: 401k limit changes being considered- how likely is it and how much of an impact?
Replies: 28
Views: 3565

Lawmakers Propose $2400 401K Limit (down from $18000)

There was a proposal to cut the 401k Limit from 18,000 to 2,400. It looks like they are walking back from it now. But that it was even suggested? We may need to call call our representatives! This is the article I was able to find after hearing it on the news tonight on TV. https://www.cbsnews.com/n...
by heybro
Mon Oct 23, 2017 5:57 pm
Forum: Investing - Theory, News & General
Topic: Building very high net worth
Replies: 81
Views: 9024

Re: Building very high net worth

Yes, if you ask any successful person, 'how they did it' they will most often say 'they never gave up!' But if you interview all the people who believe in the philosophy 'never give up' you will indeed find most have not made it big nor achieved their dreams yet. It is akin to needing a 'control' gr...
by heybro
Tue Oct 17, 2017 4:59 am
Forum: Investing - Theory, News & General
Topic: The Stock Market Is "Fully Valued," Says Vanguard's Jack Bogle 10/7/17
Replies: 87
Views: 13180

Re: Bogle thinks markets are fully valued

I have rebalanced once in the last 20 years, going from 100% to 65% equities, and this at age 62. Very stable job, etc. It's been a nice ride up. 0% international, for the usual reasons. It would be interesting to know what percentage of Bogleheads never rebalance and never buy international. What ...
by heybro
Fri Oct 06, 2017 11:33 pm
Forum: Investing - Theory, News & General
Topic: Got a Question for the Experts Panel at the Bogleheads Conference?
Replies: 37
Views: 10466

Re: Got a Question for the Experts Panel at the Bogleheads Conference?

At what point should a person feel comfortable to start working part-time? Once they have 25X their current expenses, etc.? Thank you!!
by heybro
Wed Oct 04, 2017 8:52 pm
Forum: Personal Consumer Issues
Topic: TV DVR Dilemnia: OTA or Satellite
Replies: 11
Views: 1099

Re: TV DVR Dilemnia: OTA or Satellite

I get my netflix sent to me via DVD in the mail. Hulu tv is missing MTV and AMC for starters. I still want to watch live tv on my actual tv. Tivo Bolt requires an internet connection. By the time I upgrade my modem and internet to be able to do that, I could just as well afford Satellite, which requ...
by heybro
Wed Oct 04, 2017 1:29 am
Forum: Personal Consumer Issues
Topic: TV DVR Dilemnia: OTA or Satellite
Replies: 11
Views: 1099

TV DVR Dilemnia: OTA or Satellite

Hello, I have a big financial goal that I will accomplish in one year from now. I have another big financial goal that I will accomplish in five years from now. I've been living well below my means in order to accomplish these goals including not subscribing to cable/satellite. I've been using a DVD...
by heybro
Mon Sep 25, 2017 6:01 pm
Forum: Personal Consumer Issues
Topic: Lifestyle Creep
Replies: 142
Views: 12933

Re: Lifestyle Creep

I want to point out that sometimes 'Lifestyle Creep' is impossible to carry out. For instance, after doing things for free or for such low cost, it sort of puts more pressure on what $100 should get you. I've often bought the 100.00 thing and then realized it wasn't any greater than my free or $1 th...
by heybro
Mon Sep 25, 2017 5:47 pm
Forum: Personal Consumer Issues
Topic: Lifestyle Creep
Replies: 142
Views: 12933

Re: Lifestyle Creep

Thanks in advance for anything you share here! I have renewed interest in learning about and increasing my own awareness of lifestyle creep. I am hoping others will share personal situations where they experienced or resisted this issue. What have you dealt with? What creep came into your life that...
by heybro
Sat Sep 23, 2017 1:01 am
Forum: Investing - Help with Personal Investments
Topic: I won the Lottery. Need sound advice.
Replies: 220
Views: 26315

Re: I won the Lottery. Need sound advice.

I'm in a unique situation. Earlier this year, I won the lottery. Literally. I won about 1.2M (after taxes). This is life-changing. My wife and I already had about 140k in retirement savings previous to winning. We max out our 401k and 403b, respectively. I am just over 40 years old. We have 2 child...
by heybro
Wed Sep 20, 2017 6:28 pm
Forum: Forum Issues and Administration
Topic: Why so many 'negative' responses?
Replies: 20
Views: 2397

Re: Why so many 'negative' responses?

I have never seen anyone say 'sounds good!' I think is my point. I just get the feeling that if I said 'pie is good' and someone responded with 'only with ice cream!,' that if I started a new thread that said 'pie is good especially with ice cream' than that same person would even disagree with thei...
by heybro
Wed Sep 20, 2017 6:11 pm
Forum: Forum Issues and Administration
Topic: Why so many 'negative' responses?
Replies: 20
Views: 2397

Why so many 'negative' responses?

I have noticed a common trend. After someone posts a topic, most of the replies are usually very negative. I understand the point of discussing things is to consider other viewpoints and perhaps get a firmer understanding of the best practices, principles, and methods. I also understand that certain...
by heybro
Tue Sep 19, 2017 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: The Magic of Savings Rate
Replies: 97
Views: 11760

The Magic of Savings Rate

So, is it really not how much you earn but how much you save?

Savings Rate (Percent), Working Years Until Retirement
5% 66yrs
10 51
15 43
20 37
25% 32yrs
30 28
35 25
40 22
45 19
50% 17yrs
55 14.5
60 12.5
65 10.5
70 8.5
75% 7yrs
80 5.5
85 4
90 under 3
95% under 2yrs
by heybro
Tue Sep 19, 2017 4:59 am
Forum: Personal Finance (Not Investing)
Topic: Calling out the not so rich bogleheads
Replies: 233
Views: 27646

Re: Calling out the not so rich bogleheads

This has the effect of scaring away and/or creating resentment in a lot of people who are not close to being millionaires or even just plain wealthy with a healthy emergency cushion, say around 100K-200K saved @ age 35 or 40 . You can't get wrapped up in a number. Think about it like this (assuming...
by heybro
Tue Sep 19, 2017 4:46 am
Forum: Personal Consumer Issues
Topic: Buying nightguards (teeth grinding)
Replies: 52
Views: 4773

Re: Buying nightguards (teeth grinding)

Oh! I really want to jump in here. I used to grind my teeth real bad at night. Like real bad. Nightguards would either fall out of my mouth or I'd grind them down so fast too! What helped me was to see someone who could actually loosen up my muscles in my shoulders, neck, chest, and jaw. They actual...
by heybro
Mon Sep 18, 2017 2:43 am
Forum: Personal Finance (Not Investing)
Topic: What is FI if you love your job? [Financial Independence]
Replies: 68
Views: 6561

Re: What is FI if you love your job? [Financial Independence]

I have a philosophical question that I have been thinking about a lot lately. I enjoy these forums, and have learned a lot here and through the recommended books. But I also have a very strong sense that most of the FI movement, at its heart, involves people who do not like their jobs and want out,...
by heybro
Fri Sep 15, 2017 2:07 am
Forum: Personal Consumer Issues
Topic: Are Cotton Blankets Good For Winter?
Replies: 21
Views: 1902

Re: Are Cotton Blankets Good For Winter?

Random Poster wrote:
Thu Sep 14, 2017 11:28 am
heybro wrote:
Thu Sep 14, 2017 4:14 am
I like the idea of cotton because it is cuddly soft and natural.
As is a Buffalo hide.

Consider using one of those instead.
I do have a cowhide already!
by heybro
Fri Sep 15, 2017 1:54 am
Forum: Personal Finance (Not Investing)
Topic: Paying off debt vs. max savings
Replies: 53
Views: 6225

Re: Paying off debt vs. max savings

I have always viewed debt as a squeeze which we were blessed to be able to rid ourselves of early in my career. Another way to look at it is as negative compounding that the sooner you can get on the positive side of things the better. My earliest thinking about this was influenced by the author Ro...
by heybro
Fri Sep 15, 2017 1:51 am
Forum: Personal Finance (Not Investing)
Topic: Paying off debt vs. max savings
Replies: 53
Views: 6225

Re: Paying off debt vs. max savings

I think this is a 'sticky' somewhere. WHAT 0. Establish an emergency fund to your satisfaction 1. Contribute to your 401k up to any company match 2. Pay off any debts with interest rates ~5% or more above the 10-year Treasury note yield. 3. Max HSA 4. Max Traditional IRA or Roth (or backdoor Roth) ...
by heybro
Thu Sep 14, 2017 4:36 am
Forum: Personal Finance (Not Investing)
Topic: Anyone else freeze their credit score?
Replies: 126
Views: 12702

Re: Anyone else freeze their credit score?

Just understand that freezing your account does not completely protect you. People can still hack your existing accounts or cause damage to you in other ways. Furthermore, a freeze can set you back when applying for a job, setting up utilities, or renting an apartment. As always, be aware of all sca...
by heybro
Thu Sep 14, 2017 4:27 am
Forum: Personal Finance (Not Investing)
Topic: Paying off debt vs. max savings
Replies: 53
Views: 6225

Re: Paying off debt vs. max savings

I think this is a 'sticky' somewhere. WHAT 0. Establish an emergency fund to your satisfaction 1. Contribute to your 401k up to any company match 2. Pay off any debts with interest rates ~5% or more above the 10-year Treasury note yield. 3. Max HSA 4. Max Traditional IRA or Roth (or backdoor Roth) b...
by heybro
Thu Sep 14, 2017 4:14 am
Forum: Personal Consumer Issues
Topic: Are Cotton Blankets Good For Winter?
Replies: 21
Views: 1902

Are Cotton Blankets Good For Winter?

Hello, I am sorry this is a little off topic but I figured the smart people here might know. Is an all cotton blanket going to provide warmth during cold winters? Now keep in mind I already have a big top blanket that has fill inside. I have a fleece blanket as well. I used to have a polyester blank...
by heybro
Sat Sep 02, 2017 1:09 am
Forum: Personal Finance (Not Investing)
Topic: Bad Idea to Have Zero Credit Cards?
Replies: 129
Views: 7137

Re: Bad Idea to Have Zero Credit Cards?

My bank card is not a debit card. It only runs as credit and I have used the protections before many times with no issues. Even if you have a ton of cash to cover all credit card purchases, there is something about having it affect your current balance that helps a lot. And I value that greatly. Ple...
by heybro
Fri Sep 01, 2017 3:40 am
Forum: Personal Finance (Not Investing)
Topic: Bad Idea to Have Zero Credit Cards?
Replies: 129
Views: 7137

Re: Bad Idea to Have Zero Credit Cards?

Please get rid of your credit cards! I use a bank card as 'credit.' It takes the money out right away and I get protections for 'un-received services' or whatever. You know, if you buy that DVD on Ebay and the mail carrier delivers it to your neighbor and lists the thing as being 'received' even tho...
by heybro
Tue Aug 22, 2017 1:21 am
Forum: Personal Consumer Issues
Topic: DirecTV vs. Dish vs. Cable
Replies: 21
Views: 2024

DirecTV vs. Dish vs. Cable

Hello, I have been using rabbit ears for a very long time. There is nothing more sweet than saving money on cable. However, once I've reached certain financial goals, I *do* want to go back to having a lot on TV. Please note: I do not want to rely on netflix or hulu or any other streaming program. I...