Search found 117 matches

by heybro
Wed Nov 22, 2017 12:30 am
Forum: Personal Consumer Issues
Topic: Best Basic DESKTOP?
Replies: 17
Views: 788

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: 28
Views: 2951

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: 3557

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: 12868

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: 12868

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: 4016

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: 2983

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: 460

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: 3340

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: 8285

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: 12376

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: 10160

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: 963

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: 963

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: 12147

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: 12147

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: 24991

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: 2080

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: 2080

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: 11223

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: 26144

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: 4408

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: 5854

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: 1698

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: 5911

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: 5911

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: 11837

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: 5911

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: 1698

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: 6518

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: 6518

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: 1803

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...
by heybro
Fri Aug 18, 2017 1:26 am
Forum: Personal Consumer Issues
Topic: Retired Boglehead obsession with money- devil's advocate
Replies: 66
Views: 7703

Re: Retired Boglehead obsession with money- devil's advocate

I will say that I do get frustrated at the inability to define 'enough.' The answer to 'how much should I save for retirement' is often 'as much as you can!' But you are talking to a boglehead here. Most of the population needs to be told 'as much as you can' but I actually need to be told when I sh...
by heybro
Wed Aug 16, 2017 12:45 am
Forum: Investing - Theory, News & General
Topic: Q&A WITH JACK BOGLE - Got a Question for Jack?
Replies: 53
Views: 13308

Re: Q&A WITH JACK BOGLE - Got a Question for Jack?

Jack,
I love you. When should a person, who never really wants to fully retire, feel safe to start working part-time?
Thank you.
Mark

*
by heybro
Wed Aug 16, 2017 12:42 am
Forum: Investing - Theory, News & General
Topic: Roth IRA vs. Employer's Roth IRA
Replies: 3
Views: 555

Roth IRA vs. Employer's Roth IRA

Why is it better to put $5500 in an IRA yourself FIRST before increasing the amount in your Employer IRA? My intuition likes my personal IRA better. I can even take the money out if I HAD too (not that I'd ever want too). I have more control over it. Right now, my employer's expense ratios are small...
by heybro
Tue Aug 15, 2017 11:19 pm
Forum: Personal Consumer Issues
Topic: Retired Boglehead obsession with money- devil's advocate
Replies: 66
Views: 7703

Re: Retired Boglehead obsession with money- devil's advocate

So if not a million at 70 years old, what number then? 500k? Let me know and I'll start spending more now. As someone said, most of what money can buy me doesn't appeal to me much. So the joy of compound interest is where it goes. I can certainly force myself to spend more money but that seems odd. ...
by heybro
Tue Aug 15, 2017 5:06 pm
Forum: Personal Consumer Issues
Topic: Best Housing To Avoid Noise
Replies: 57
Views: 5259

Re: Best Housing To Avoid Noise

Noise Canceling Headphones: I tried these. All they did was block out white noise and amplify disruptive noise. So, I could hear my neighbors better while wearing them. Aren't they for airplane repetitive noise? They seem to be for patterned noise only. Senior Citizens: Don't they get up at the crac...
by heybro
Mon Aug 14, 2017 10:57 pm
Forum: Personal Finance (Not Investing)
Topic: When does renting make sense
Replies: 112
Views: 10055

Re: When does renting make sense

I started a new thread 'Best Housing To Avoid Noise.'

viewtopic.php?f=2&t=225711&newpost=3493051
by heybro
Mon Aug 14, 2017 10:51 pm
Forum: Personal Consumer Issues
Topic: Best Housing To Avoid Noise
Replies: 57
Views: 5259

Best Housing To Avoid Noise

We started talking about avoiding noise on the 'When does renting make sense' thread. Many mentioned that owning a house does not mean less noise. They pointed out how hard it is to go through the process of selling a house if you get loud neighbors as well as the common experience of seeing that ho...
by heybro
Sat Aug 12, 2017 2:12 am
Forum: Personal Finance (Not Investing)
Topic: When does renting make sense
Replies: 112
Views: 10055

Re: When does renting make sense

When you own and have noise, moving out is much more difficult than when you rent and are bothered by noise. Victoria I've been told this a few times. However, is it really practical to switch apartments every time you get a loud neighbor? For one, you'll have a lease which will most likely last on...
by heybro
Thu Aug 10, 2017 4:09 am
Forum: Personal Finance (Not Investing)
Topic: I pay $6K in rent. Am I an idiot for not buying?
Replies: 50
Views: 6897

Re: I pay $6K in rent. Am I an idiot for not buying?

Whenever you are asking if you should be spending money on something (or not), you should always keep in mind "What do I want to spend money on?" Make sure you are spending money on that. So, one cannot simply just cut costs for the sake of cutting costs. One has to cut costs while also (or in order...
by heybro
Thu Aug 10, 2017 3:57 am
Forum: Personal Finance (Not Investing)
Topic: When does renting make sense
Replies: 112
Views: 10055

Re: When does renting make sense

I love this topic. It never gets old. Someone already brought up a good point that when someone buys, they usually buy 'more' than if they were to rent a 'smaller' apartment. A few more thoughts I want to bring up: 1. Does the answer change when you consider a townhouse or a condo, which may be clos...
by heybro
Thu Jul 20, 2017 12:33 am
Forum: Personal Finance (Not Investing)
Topic: Maintaining Boglehead Outlier Edge Despite Affects of Group Trends
Replies: 7
Views: 1001

Re: Maintaining Boglehead Outlier Edge Despite Affects of Group Trends

Thank you so much for the replies. Now I feel better. I like you all so much! hehe.
by heybro
Tue Jul 18, 2017 11:03 pm
Forum: Personal Finance (Not Investing)
Topic: Maintaining Boglehead Outlier Edge Despite Affects of Group Trends
Replies: 7
Views: 1001

Maintaining Boglehead Outlier Edge Despite Affects of Group Trends

I often think of things as large patterns and try to figure out the affects of larger shifts. I view the Boglehead philosophy as an 'outlier' philosophy that maintains an 'edge' in contrast to the larger group. The larger group over-spends, over-borrows, and under-saves. In contrast, my philosophy i...
by heybro
Mon Jul 17, 2017 3:35 am
Forum: Personal Finance (Not Investing)
Topic: Personal loan to a family member
Replies: 114
Views: 7918

Re: Personal loan to a family member

Make the money a gift. Pure and Simple. This is the only way. If you want to help family out, give them the money. Otherwise, DO NOT DO IT. If you loan money to family you will lose both your money and your family. There is no way to protect your money with a lien. The bank and the local property ta...
by heybro
Mon Jun 05, 2017 10:39 pm
Forum: Personal Finance (Not Investing)
Topic: Avoiding the Hassle Factor - Vanguard, Schwab, or Fidelity?
Replies: 52
Views: 6057

Re: Avoiding the Hassle Factor - Vanguard, Schwab, or Fidelity?

This is a debate, that pops up many times on here, where there won't be a consensus. It doesn't matter which you choose. Most people will recommend Vanguard but if you go with either of the others, you are still doing great. My advice would be, if you can, to check them out for yourself. Try calling...
by heybro
Mon Jun 05, 2017 10:29 pm
Forum: Personal Finance (Not Investing)
Topic: Boglehead Board Game!!
Replies: 31
Views: 2704

Boglehead Board Game!!

If there were a Boglehead Board Game, what are some 'neat' spaces you would land on? Good Ones: You paid off your mortgage, advance 10 spaces. You opened a Vanguard account, advance 4 spaces. The stock market plummets, if you choose to keep your asset allocation the same, advance 1 spot. Bad Ones: Y...
by heybro
Wed May 31, 2017 4:05 am
Forum: Personal Finance (Not Investing)
Topic: i am my own "guy," but not sure I should advertise that
Replies: 107
Views: 15031

Re: i am my own "guy," but not sure I should advertise that

Actually, my dental assistant was complaining to me once about stock market volatility and the fact that she was near retirement age. I briefly explained the entire reason for a logical asset allocation which considered both age and an individual's level of risk, before reminding her that with this...
by heybro
Wed May 31, 2017 4:00 am
Forum: Personal Finance (Not Investing)
Topic: i am my own "guy," but not sure I should advertise that
Replies: 107
Views: 15031

Re: i am my own "guy," but not sure I should advertise that

I wonder if most of us understand this approach on an intuitive level that seeks to recognize the over-all structure instead of focusing on individual parts. It is like watching a movie. We understand there will be an initial problem that will build to a climax which will then be resolved and then f...
by heybro
Tue May 30, 2017 7:51 pm
Forum: Investing - Help with Personal Investments
Topic: 27 years old, am I on the right track?
Replies: 13
Views: 1496

Re: 27 years old, am I on the right track?

Zach wrote: Desired Asset allocation: 90% stocks / 10% bonds

That is an asset allocation of pure beauty.