Search found 100 matches

by heybro
Wed Sep 20, 2017 6:28 pm
Forum: Forum Issues and Administration
Topic: Why so many 'negative' responses?
Replies: 20
Views: 1396

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: 1396

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: 33
Views: 3680

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: 153
Views: 14306

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: 43
Views: 2715

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: 61
Views: 4010

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: 1456

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: 5482

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: 5482

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: 10604

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: 5482

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: 1456

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: 6014

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: 6014

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: 1629

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: 7210

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: 52
Views: 11641

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: 521

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: 7210

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: 4892

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: 9373

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: 4892

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: 9373

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: 6605

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: 9373

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: 949

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: 949

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: 7119

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: 5658

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: 2536

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: 14511

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: 14511

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: 1393

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.
by heybro
Tue May 30, 2017 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: i am my own "guy," but not sure I should advertise that
Replies: 107
Views: 14511

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

I am very cautious of who I would let know about this 'secret sauce.' Something like this is like a religion to me (a very personal philosophy / world view) that I follow. I wouldn't like people being casually critical of it (as most of the population does believe in spending and does not really bel...
by heybro
Tue May 30, 2017 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: Funny Letter [Canceling Escrow Account]
Replies: 39
Views: 5484

Re: Funny Letter [Canceling Escrow Account]

Does anyone know how to provide proof of taxes paid and insurance paid? I finally got the form and it says once there is no escrow, I have to provide proof to my bank for all these payments going forward. I ran the signed form down to the post office as fast as I could. I view this as a fight for fr...
by heybro
Sat May 27, 2017 3:33 am
Forum: Personal Finance (Not Investing)
Topic: Funny Letter [Canceling Escrow Account]
Replies: 39
Views: 5484

Re: Funny Letter [Canceling Escrow Account]

Update:

I just got a letter today saying that they received my request and that they value high customer service and will have a response for me shortly.

I had written asking for the form that allows me to ASK for escrow to be canceled. They won't even send the form yet.

This is a big chore! HA!
by heybro
Sat May 27, 2017 3:31 am
Forum: Personal Finance (Not Investing)
Topic: Funny Letter [Canceling Escrow Account]
Replies: 39
Views: 5484

Re: Funny Letter [Canceling Escrow Account]

stan_the_man wrote:Judging from my own experience of legal writing correspondence and media releases, the boring letter was drafted by their legal team.


Thank you for this. In other words, 'we sent this cause we had to.' hehe.
by heybro
Tue May 16, 2017 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: Renting a small apartment vs buying a bigger home
Replies: 26
Views: 1823

Re: Renting a small apartment vs buying a bigger home

After going back and forth on this for years, we finally decided to explore the idea of buying a home a bit more seriously. The bank has approved us for a mortgage of $600k. We have another $200k for down payment, for a total of $800k. Unfortunately we are in the SF Bay Area, where that doesn't buy...
by heybro
Tue May 16, 2017 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Renting a small apartment vs buying a bigger home
Replies: 26
Views: 1823

Re: Renting a small apartment vs buying a bigger home

That is only true if the only thing that matters is money. Not many people choose to raise a family of 3 in a 250 sq ft efficiency. You have never heard of the Tiny House movement? Of course. and they are living in huge living spaces compared to the #vanlife crowd. But if you think either group is ...
by heybro
Tue May 16, 2017 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: How to stay on a budget?
Replies: 31
Views: 3829

Re: How to stay on a budget?

My budget sheet has 2 columns for each category- Estimated and Actual. This allows me to include a feedback loop in my budgeting process. I make a budget, then I track how well I stick to it. Thus I can adjust my budget (to include spending I missed or underestimated) and I can also adjust my spend...
by heybro
Tue May 16, 2017 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: How to stay on a budget?
Replies: 31
Views: 3829

Re: How to stay on a budget?

My budget sheet has 2 columns for each category- Estimated and Actual. This allows me to include a feedback loop in my budgeting process. I make a budget, then I track how well I stick to it. Thus I can adjust my budget (to include spending I missed or underestimated) and I can also adjust my spend...
by heybro
Tue May 16, 2017 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: How Old Habits Can Sabotage Retirement
Replies: 51
Views: 7860

Re: How Old Habits Can Sabotage Retirement

gilgamesh wrote:
Now, after that, what do you do with the money....will hoarding millions and seeing it grow bring you more happiness, or spending it on material things you enjoy bring you more happiness. That's the question.


Neither!
by heybro
Tue May 16, 2017 4:37 am
Forum: Personal Consumer Issues
Topic: Beware Citibank Bonus Promotion
Replies: 39
Views: 6564

Re: Beware Citibank Bonus Promotion

I'll pay ya $500 to endure aggravation for 6 months.

Not worth it!
by heybro
Tue May 16, 2017 4:18 am
Forum: Personal Finance (Not Investing)
Topic: How Old Habits Can Sabotage Retirement
Replies: 51
Views: 7860

Re: How Old Habits Can Sabotage Retirement

It's just money. The article is based on the ridiculous premise that by spending more money, one is somehow happier. So if the retired frugal wealthy boglehead isn't spending money on better food cars vacations etc., that that means one is sadder. I'd like to think the reason bogleheads become weal...
by heybro
Tue May 16, 2017 4:12 am
Forum: Personal Finance (Not Investing)
Topic: Anyone else agree with my logic on silicon valley housing?
Replies: 84
Views: 7971

Re: Anyone else agree with my logic on silicon valley housing?

The coolest and most disturbing thing about this is that your entire problem can be solved for less than one grand. Go Buy A Grill. I repeat. Go Buy A Grill. You don't need Texas, a new job, a less paying job, different neighbors, different friends, grass to mow, trees to trim, or any moving van. De...
by heybro
Tue May 16, 2017 3:56 am
Forum: Personal Finance (Not Investing)
Topic: How to stay on a budget?
Replies: 31
Views: 3829

Re: How to stay on a budget?

I am really really good at budgets so I hope you can gain some help from my advice. 1. Track all your spending as a habit. Know where every penny goes. Put everything in categories such as 'food,' 'entertainment,' 'personal care,' 'dog expenses,' etc. The point of doing this is to be able to: 2. Pri...
by heybro
Tue May 16, 2017 12:06 am
Forum: Personal Finance (Not Investing)
Topic: Renting a small apartment vs buying a bigger home
Replies: 26
Views: 1823

Re: Renting a small apartment vs buying a bigger home

randomguy wrote:That is only true if the only thing that matters is money. Not many people choose to raise a family of 3 in a 250 sq ft efficiency.


You have never heard of the Tiny House movement?
by heybro
Mon May 15, 2017 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: Renting a small apartment vs buying a bigger home
Replies: 26
Views: 1823

Re: Renting a small apartment vs buying a bigger home

I have always found that SMALLER is better. SMALLER wins out. So, buying a small place versus renting a small place may put one over the other. AND buying a large place versus renting a large place may put one over the other. BUT, the smaller will always win out. Think of it like Energy Star Ratings...
by heybro
Mon May 15, 2017 11:35 am
Forum: Personal Finance (Not Investing)
Topic: Funny Letter [Canceling Escrow Account]
Replies: 39
Views: 5484

Re: Funny Letter [Canceling Escrow Account]

goingup wrote:I seem to recall a similar letter from the bank upon paying off the note. It struck me as, "you're dead to me now". :wink:


oooooooooo, something to look forward too!!!