Search found 989 matches

by investingdad
Thu Dec 08, 2016 10:07 pm
Forum: Personal Consumer Issues
Topic: Learning an instrument as an adult?
Replies: 46
Views: 2970

Re: Learning an instrument as an adult?

Calculus in college wasn't easy, either. But I gutted it out because I had to in order to get an engineering degree. Chemical engineering wasn't particularly easy. But I stayed with that because of the job prospects. Getting an MBA while working full time wasn't easy and neither was making the decis...
by investingdad
Thu Dec 08, 2016 3:00 pm
Forum: Personal Consumer Issues
Topic: Learning an instrument as an adult?
Replies: 46
Views: 2970

Re: Learning an instrument as an adult?

Thanks all. Given that there seems to be an instructor close by, this seems like the best path forward. Who knows, maybe this is just scratching an itch to see what happens. But I decided I was done with tennis after twenty years of playing, took a decade off, and started again a few years ago. Glad...
by investingdad
Wed Dec 07, 2016 10:20 pm
Forum: Personal Consumer Issues
Topic: Learning an instrument as an adult?
Replies: 46
Views: 2970

Re: Learning an instrument as an adult?

I talked to my daughter's flute tutor tonight and apparently there is a violin instructor local to me. The good news is that she has fully grown children so I'm hoping the teacher will be older than the student! My daughter's tutor was very enthusiastic about an adult willing to have a go at it and ...
by investingdad
Tue Dec 06, 2016 6:26 pm
Forum: Personal Consumer Issues
Topic: Learning an instrument as an adult?
Replies: 46
Views: 2970

Re: Learning an instrument as an adult?

Thanks all.

I'm an introvert. Solitary musical play would be appealing.

Daughter has flute lessons tomorrow and her instructor plays with the local symphony. I will pepper her with some requests for advice.
by investingdad
Tue Dec 06, 2016 2:03 pm
Forum: Personal Consumer Issues
Topic: Learning an instrument as an adult?
Replies: 46
Views: 2970

Learning an instrument as an adult?

Any folks on here decide they'd like to learn to play an instrument for the first time as an adult and total beginner? As in, you cannot even read music? If so, what did you try and how did it go? My daughter has been playing the flute for two years and had her first public recital this weekend. She...
by investingdad
Mon Dec 05, 2016 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: Spouses and spending styles...
Replies: 53
Views: 5185

Re: Spouses and spending styles...

My wife is not comfortable spending money and it can be a bit annoying. We are grossing between 250k and 280k, have expenses about 40% of our gross, and right around 2 mil net worth (small percentage of that is home equity). Not bad for 43. And our income is close to a 50/50 split. But the more our ...
by investingdad
Thu Dec 01, 2016 10:51 am
Forum: Personal Finance (Not Investing)
Topic: Feeling like you've "made it"
Replies: 107
Views: 10057

Re: Feeling like you've "made it"

I understand what the OP is talking about. I suspect those that feel this way, myself included at times, do so as a function of age. When you are on the younger side, there is a much longer period of time to plan for. And longer timeframe means more time for things to go sideways. I think early fina...
by investingdad
Wed Nov 23, 2016 12:44 pm
Forum: Personal Consumer Issues
Topic: Bowling alley in the basement
Replies: 30
Views: 2789

Re: Bowling alley in the basement

Can you truly afford it? If so, go for it. Check out Houzz.com for some great pictures to drool over. We finished our basement into a gameroom, with 8' pool table, air hockey, pinball machine (looking to add a second), and big flat screen for movies and video games. I love it down there and happily ...
by investingdad
Tue Nov 22, 2016 10:07 pm
Forum: Personal Finance (Not Investing)
Topic: Double Check Figures: Affording $1M Home
Replies: 81
Views: 6538

Re: Double Check Figures: Affording $1M Home

I'll be honest, when I opened this thread I really wanted to see the OPs salary relative to the cost of the house. I about fell over. We took out our current mortgage of 240k with a total monthly of about 1,800 with property tax and insurance about six years ago. It felt tight but we did it anyway. ...
by investingdad
Tue Nov 01, 2016 8:04 am
Forum: Personal Finance (Not Investing)
Topic: How much Umbrella Insurance coverage needed?
Replies: 50
Views: 4609

Re: How much Umbrella Insurance coverage needed?

When I bumped up to a $5 million umbrella, Erie had to get home office approval first. But there was no issue and I think it costs us $700 a year or so. We had to make some changes to our home and auto coverage first which wasn't a big deal. And you know what? During trick or treating last night we ...
by investingdad
Thu Sep 29, 2016 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Estate planning - unnecessary complexity?
Replies: 46
Views: 3731

Re: Estate planning - unnecessary complexity?

Holy schmoly OP...our personal situation is nearly identical to yours in every way, and I just set up a meeting with our attorney for next week to start setting up plans that echo what you describe.

Freaky!

I'll be following this thread closely. :happy
by investingdad
Mon Sep 26, 2016 5:22 pm
Forum: Personal Consumer Issues
Topic: People with living spaces that could be featured in magazines, what is your secret?
Replies: 18
Views: 2261

Re: People with living spaces that could be featured in magazines, what is your secret?

When we sold our home, I took the photos of reach room at different times of the day to maximize the sunlight in each. That said,I think our finished basement which is now a gameroom could be featured as nice but affordable. I will tell you that I spent months doing the layout and design before hiri...
by investingdad
Wed Sep 14, 2016 10:33 am
Forum: Personal Consumer Issues
Topic: 2006 mazda miata for daughter, 42k miles, $10k?
Replies: 64
Views: 4400

Re: 2006 mazda miata for daughter, 42k miles, $10k?

The Miata isn't inherently unsafe. It does have a performance envelope that makes it unsafe in the hands of a driver not equipped with the skill set to control it. Like a teen driver.
by investingdad
Mon Sep 12, 2016 8:50 am
Forum: Personal Consumer Issues
Topic: 2006 mazda miata for daughter, 42k miles, $10k?
Replies: 64
Views: 4400

Re: 2006 mazda miata for daughter, 42k miles, $10k?

thank you for all the thoughtful replies. When I first considered buying the car, I thought it a faux sports car: something that looks like a sports car but doesn't drive like one. This thread changed my perception of the miata, I've become concerned how driving a real sports car will effect my dau...
by investingdad
Mon Sep 12, 2016 7:47 am
Forum: Personal Consumer Issues
Topic: 2006 mazda miata for daughter, 42k miles, $10k?
Replies: 64
Views: 4400

Re: 2006 mazda miata for daughter, 42k miles, $10k?

Bustoff wrote:The dealer gave Miata to use while our car was in the service department.

Later that day we were almost crushed by a huge dump truck because he couldn't see the Miata.

Then the dump truck driver is incompetent.

How do you know he couldn't see it? Did you talk with him? Did he say that?
by investingdad
Sun Sep 11, 2016 10:30 pm
Forum: Personal Consumer Issues
Topic: 2006 mazda miata for daughter, 42k miles, $10k?
Replies: 64
Views: 4400

Re: 2006 mazda miata for daughter, 42k miles, $10k?

LarryAllen wrote:Miatas are pretty slow so only so much damage can be done, right!? I'd go for it!

:oops:

There's a reason the Miata is used extensively by amateur racing enthusiasts at the track. Why do people seem to think you don't have a sports car unless you put down 450 HP?
by investingdad
Sun Sep 11, 2016 6:24 pm
Forum: Personal Consumer Issues
Topic: 2006 mazda miata for daughter, 42k miles, $10k?
Replies: 64
Views: 4400

Re: 2006 mazda miata for daughter, 42k miles, $10k?

I own a Mazdaspeed Miata. I would caution you on this. Most people see the car as a convertible. They fail to see it for what it is...a lightweight, rear wheel drive, sports car. And it can get you in trouble. As you start to realize how fast you can take corners, you start to push it harder...and t...
by investingdad
Wed Sep 07, 2016 6:36 am
Forum: Personal Finance (Not Investing)
Topic: How to Think About Money?
Replies: 39
Views: 4352

Re: How to Think About Money?

I think if I was laid off tomorrow, we would be more than great financially, but I would still be depressed. Because at the end of the day, my career is a personal measure of my educational investments and my contributions to our society. To lose that says my contributions are not valued. So regardl...
by investingdad
Mon Sep 05, 2016 7:57 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella insurance?
Replies: 26
Views: 2716

Re: Umbrella insurance?

We have a five million umbrella, just a few hundred dollars. No sense taking a risk on something stupid wiping out twenty years of sound financial decisions.
by investingdad
Sat Sep 03, 2016 8:44 pm
Forum: Personal Consumer Issues
Topic: Next Weekend Car - Dodge Viper to What?
Replies: 65
Views: 5163

Re: Next Weekend Car - Dodge Viper to What?

I own a Mazdaspeed Miata and second the vote for the Elise...or maybe the Exige..


...or go crazy and get an Ariel Atom.
by investingdad
Sat Aug 27, 2016 6:03 am
Forum: Personal Consumer Issues
Topic: Hacked (at outraged) at Verizon
Replies: 31
Views: 6339

Re: Hacked (at outraged) at Verizon

See my recent post about having my identity stolen....never, never ignore a mailing that may suggest you've done something you didn't. If I had ignored the letter from social security, things could have gone much worse.

Good luck.
by investingdad
Sat Aug 27, 2016 5:49 am
Forum: Personal Finance (Not Investing)
Topic: Managing a windfall: DIY or hire an advisor?
Replies: 53
Views: 5053

Re: Managing a windfall: DIY or hire an advisor?

First, congrats on the windfall. The amount you are receiving is a nice little chunk that can really grow if you get out of the way. Two, you can do this yourself. You sound smart enough to easily educate yourself on here with what to do. Third, a financial manager cannot teach you self control over...
by investingdad
Wed Aug 24, 2016 7:06 am
Forum: Personal Finance (Not Investing)
Topic: Did you use Real Estate to build wealth?
Replies: 45
Views: 3815

Re: Did you use Real Estate to build wealth?

Good replies, everyone, thank you. I had read another one of those, "How millionaires think and create wealth", articles and all I could think of was...who exactly did they talk to for their research? Real estate, networking, many revenue streams, outside the box thinking, being your own b...
by investingdad
Tue Aug 23, 2016 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: Did you use Real Estate to build wealth?
Replies: 45
Views: 3815

Did you use Real Estate to build wealth?

I will admit I get tired of reading articles about real estate as the only great avenue to reaching wealth and financial independence. We are in our early 40s and I think pretty far ahead of the game. The only real estate in our portfolio is our home. We went the route of college educated, good care...
by investingdad
Fri Aug 19, 2016 9:26 am
Forum: Personal Consumer Issues
Topic: Identity Theft...be proactive, don't panic
Replies: 10
Views: 1267

Re: Identity Theft...be proactive, don't panic

Our information was compromised when a major health provider had their systems hacked. Nothing we could have done to prevent it.

Go to ssa.gov and search, block access. It's quite simple.
by investingdad
Fri Aug 19, 2016 8:35 am
Forum: Personal Consumer Issues
Topic: Identity Theft...be proactive, don't panic
Replies: 10
Views: 1267

Re: Identity Theft...be proactive, don't panic

We always filed a paper return. The fraudulent, electronic return was a joke. In this case, I believe the thieves are thieves because they probably suck at anything that requires thought, detail, and planning. It was such a lazy and pathetic attempt. If I had access to personal information like they...
by investingdad
Thu Aug 18, 2016 10:42 am
Forum: Personal Consumer Issues
Topic: Has your workplace transitioned to "open/collaborative space?"
Replies: 85
Views: 8164

Re: Has your workplace transitioned to "open/collaborative space?"

I'm convinced this is an extroverted idea being pushed on introverts because said extroverts are either clueless to other work preferences or think introverts need to be "fixed". I passed on a second interview once for this reason. Do the managers participate in this layout? Of course not.
by investingdad
Wed Aug 17, 2016 10:49 pm
Forum: Personal Finance (Not Investing)
Topic: Help. My boss is expecting me to read her mind.
Replies: 53
Views: 3795

Re: Help. My boss is expecting me to read her mind.

I know people all across our great land have jobs like this, where interacting with petty people over trivial matters is the norm. But my goodness...if it were me, I'd tell the person to buzz off and find a job that allows me to be more self directed. I just can't imagine going back to the days of n...
by investingdad
Tue Aug 16, 2016 9:35 am
Forum: Personal Finance (Not Investing)
Topic: FICO Scores: Which one do you get?
Replies: 39
Views: 8720

Re: FICO Scores: Which one do you get?

I purchased all three plus credit reports this weekend given identity theft issues. No unusual activity, all credit reports are frozen...I had to do a temporary lift to get them.
by investingdad
Mon Aug 15, 2016 8:15 pm
Forum: Personal Finance (Not Investing)
Topic: Self-made Millionaires: how did hitting 7 figures change you?
Replies: 304
Views: 42908

Re: Self-made Millionaires: how did hitting 7 figures change you?

Well...holy cannoli...but Mr Market pushed us over two million tonight. I'm sure it's only temporary but still. I'm still going to work tomorrow and still packing my lunch. My non luxury sedan is still three years old. My wife is still buying our clothes from Kohls and our kids stuff from Target. Ou...
by investingdad
Mon Aug 15, 2016 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: Self-made Millionaires: how did hitting 7 figures change you?
Replies: 304
Views: 42908

Re: Self-made Millionaires: how did hitting 7 figures change you?

I felt poorer at $1m than when I was flat broke. Like having that $ in the bank was a ticket behind the curtain and once I met the Wizard I realized how poor I was relative to other clever, hard working high achievers in the world. Very strange psychological effect. I guess once you get a bite of t...
by investingdad
Mon Aug 15, 2016 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: Self-made Millionaires: how did hitting 7 figures change you?
Replies: 304
Views: 42908

Re: Self-made Millionaires: how did hitting 7 figures change you?

I think what we're seeing here is...frugal lifestyle plus time and earnings power coming home to roost.

That's not a combination that suddenly leads to big changes in behavior when big milestones are reached.
by investingdad
Mon Aug 15, 2016 8:51 am
Forum: Personal Finance (Not Investing)
Topic: Self-made Millionaires: how did hitting 7 figures change you?
Replies: 304
Views: 42908

Re: Self-made Millionaires: how did hitting 7 figures change you?

We crossed it at 39 after seventeen years of saving and investing. We are now very close to notching the second one, four years later. I think the biggest impacts it's had for me personally are: * I don't worry about the pricey cheese, beer, and chocolate I enjoy * I'm less concerned about layoffs t...
by investingdad
Mon Aug 15, 2016 6:48 am
Forum: Personal Finance (Not Investing)
Topic: You have $10 Million and 10 years to live. What would you do?
Replies: 55
Views: 5357

Re: You have $10 Million and 10 years to live. What would you do?

There's a quote from Office Space that would work here...
by investingdad
Sun Aug 14, 2016 4:52 pm
Forum: Personal Consumer Issues
Topic: Identity Theft...be proactive, don't panic
Replies: 10
Views: 1267

Identity Theft...be proactive, don't panic

I think I posted on here that a fraudulent tax return was filed in our name this year. I found out when the scum thief accessed my social security information and I was notified by mail that an account had been set up. I requested and finally received a copy of the fake return. Without going into a ...
by investingdad
Wed Aug 03, 2016 10:44 am
Forum: Investing - Theory, News & General
Topic: How long to turn 1 million to 2 millions for you?
Replies: 44
Views: 8317

Re: How long to turn 1 million to 2 millions for you?

I find it very interesting that there were posts above about taking ten to fifteen years to get to $1 million and just four or five for the next million. This is Exactly how we are tracking. From 23 to 39 for us to reach $1 million. Just turned 43 and we are about 30k shy of making it to $2 million....
by investingdad
Tue Aug 02, 2016 1:55 pm
Forum: Personal Consumer Issues
Topic: Suckered into Marriott Kauai Timeshare Presentation
Replies: 101
Views: 11552

Re: Suckered into Marriott Kauai Timeshare Presentation

What happens if your don't show up or refuse to attend?

Charge your credit card for the full amount of the stay?
by investingdad
Sun Jul 31, 2016 8:37 am
Forum: Personal Finance (Not Investing)
Topic: has anyone wished they worked one or two more years
Replies: 76
Views: 7002

Re: has anyone wished they worked one or two more years

My worry is that either my wife or I will retire early, early to mid fifties, and realize we miss our jobs. I go stir crazy if I'm at home during the work week sick. She does too. Maybe my perspective will change in the next ten years. A lot of retired engineers at my mega corp come back as temp emp...
by investingdad
Fri Jul 29, 2016 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: MRI Price [Magnetic Resonance Imaging]
Replies: 35
Views: 2295

Re: MRI Price

Having had some exposure to a certain MRI manufacturer for a project I was involved in, I can tell you that there are for sure differences between machines. Magnet strength is one key difference. Constant supply of liquid Helium isn't cheap either. In fact, these machines have their own P&L stat...
by investingdad
Fri Jul 29, 2016 9:04 am
Forum: Personal Finance (Not Investing)
Topic: Evicting a tenant-Hire lawyer?
Replies: 200
Views: 22529

Re: Evicting a tenant-Hire lawyer?

Professional deadbeat...

...hopefully she's charged before causing any more financial destruction.
by investingdad
Thu Jul 28, 2016 10:31 am
Forum: Personal Finance (Not Investing)
Topic: Leaving "on or before work anniversary" and golden handcuffs
Replies: 30
Views: 4981

Re: Leaving "on or before work anniversary" and golden handcuffs

I'd go one extra pay period, than give notice.
by investingdad
Tue Jul 26, 2016 4:16 pm
Forum: Personal Consumer Issues
Topic: Converting from Oil heat to Gas or Electric
Replies: 46
Views: 2458

Re: Converting from Oil heat to Gas or Electric

My parents have oil, we have natural gas. Our home is 3200 ft to their 1400 ft...not including out finished basement. Our hearing bill is half theirs and we keep the house warmer, also have a gas fireplace. We live about fifteen miles apart. I put in electric baseboard assist in the finished basemen...
by investingdad
Sun Jul 24, 2016 11:26 pm
Forum: Personal Finance (Not Investing)
Topic: What to do w/$150k after tax $?
Replies: 8
Views: 1211

Re: What to do w/$150k after tax $?

age=45, single, no kids. dont want kids. 401k/roth/ira = $450k. (35% total bonds, 25% total intl, 40% total market) i expect $1k/month (in today's $) from my pension when i turn 62. plus whatever $ from social security when i'm 67. After tax $: right now i have $75k in a healthcare mutual fund, $65...
by investingdad
Sun Jul 24, 2016 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: Evicting a tenant-Hire lawyer?
Replies: 200
Views: 22529

Re: Evicting a tenant-Hire lawyer?

My loser cousin passed bad checks to a grocery store. She was convicted and did jail time for her first offense.

Good luck, OP...sounds like you're in the right here.
by investingdad
Sun Jul 24, 2016 11:54 am
Forum: Personal Finance (Not Investing)
Topic: Rules of Thumb: Max House Value as % of Net Worth?
Replies: 109
Views: 10040

Re: Rules of Thumb: Max House Value as % of Net Worth?

We are a good example of, "if I had known then, what I do now...". We have a nice home in a nice neighborhood. We paid 360k and financed 240k. That was six years ago, we sold our first house in the process. We were probably making about 160k at the time. Today, our base income stands at 97...
by investingdad
Sun Jul 24, 2016 11:35 am
Forum: Investing - Theory, News & General
Topic: Remind me once again why I can't time the market?
Replies: 75
Views: 7617

Re: Remind me once again why I can't time the market?

While I've done a rebalance once or twice based on market events, I think the temptation is greater when you have smaller portfolios. Once you've gone over a million or two, a few extra percent on a $1000 purchase is lost in the noise. Congrats OP for starting early...you're following in my footstep...
by investingdad
Wed Jul 20, 2016 5:27 pm
Forum: Personal Consumer Issues
Topic: Orlando Disney Parks
Replies: 41
Views: 3344

Re: Orlando Disney Parks

Phineas and Ferb is actually pretty amusing. My kids like it, I do as well.
by investingdad
Wed Jul 20, 2016 12:35 pm
Forum: Personal Consumer Issues
Topic: Orlando Disney Parks
Replies: 41
Views: 3344

Re: Orlando Disney Parks

If you have an Ebates account, click on the orbitz link for cashback. Right now Activities (what the DW tickets are classified under if you order through orbitz) is 3.75% cash back. Then through the Orbitz website, you can buy multi-day passes https://www.orbitz.com/things-to-do/walt-disney-world-r...
by investingdad
Tue Jul 19, 2016 10:51 pm
Forum: Personal Finance (Not Investing)
Topic: I froze my credit, here's what happened next...
Replies: 20
Views: 3697

Re: I froze my credit, here's what happened next...

Unfreeze was a snap with Transunion. We just took out a car loan and I asked which agency they use, TU. Took me a few minutes online to do it. It was lifted for ten days per my direction. No problem at all. Had to do it after identity theft this year. The IRS is still working on our actual, paper re...
by investingdad
Mon Jul 18, 2016 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: Evicting a tenant-Hire lawyer?
Replies: 200
Views: 22529

Re: Evicting a tenant-Hire lawyer?

david99 wrote:This is strange that she left all of her stuff behind. It's threads like this that keep me out of the rental business.

Amen.

I know it's lucrative for some...but I'll take my risk and returns via mister market. :sharebeer

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