Search found 1010 matches

by investingdad
Thu Jan 12, 2017 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: How to build passive income
Replies: 45
Views: 4281

Re: How to build passive income

The OP has the feel of somebody that has read the numerous "advice" columns on how "millionaires" build wealth by doing these seven things. One of which is, invariably, developing multiple streams of income. That and getting a mentor. But short of that, very little additional inf...
by investingdad
Thu Jan 12, 2017 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Did you get an IRS pin code for filing?
Replies: 15
Views: 1312

Did you get an IRS pin code for filing?

After a false tax return was filed in our name last year (thanks to the person who did this, by the way, you've been very helpful and I hope the universe repays you someday) we received a security pin code last week. To the credit of the IRS, they were pretty easy to work with during all this. No do...
by investingdad
Wed Jan 11, 2017 6:50 pm
Forum: Personal Consumer Issues
Topic: Are $50 drugstore and supermarket "drones" any fun?
Replies: 18
Views: 2098

Re: Are $50 drugstore and supermarket "drones" any fun?

Again, check out Horizon Hobby and look at the Blade quadcopters.

They can be flown outside and have great flight dynamics and software.
by investingdad
Tue Jan 10, 2017 3:03 pm
Forum: Personal Consumer Issues
Topic: Are $50 drugstore and supermarket "drones" any fun?
Replies: 18
Views: 2098

Re: Are $50 drugstore and supermarket "drones" any fun?

I suggest you spend about $25 on Amazon for a micro quadcopter and another $10 for extra batteries. I got a pair of Eachine E010 quads for my kids. They fly very well...if you know how to fly them, which I do. The electronics are delicate, however. You could spend a bit more with Horizon Hobby for a...
by investingdad
Mon Jan 09, 2017 10:32 pm
Forum: Personal Consumer Issues
Topic: Learning an instrument as an adult?
Replies: 123
Views: 9704

Re: Learning an instrument as an adult?

So I talked my 11 year old who's been playing the flute with private tutoring for 2.5 years to come downstairs tonight and accompany me on my open string, and limited first finger, exercises. There were quite a few false starts (all me) but we finally made it through one exercise together. She's nev...
by investingdad
Fri Jan 06, 2017 11:56 am
Forum: Personal Consumer Issues
Topic: Cookies that don't go away
Replies: 19
Views: 1591

Re: Cookies that don't go away

And here I thought we were talking about cheap. Christmas cookies the in-laws bring that nobody likes... :)
by investingdad
Sat Dec 31, 2016 4:04 pm
Forum: Personal Consumer Issues
Topic: Learning an instrument as an adult?
Replies: 123
Views: 9704

Re: Learning an instrument as an adult?

I've already started practicing on the violin, found a teacher, and am having my best go. I'm no longer that interested in why this will be difficult, take a long time to not stink, etc. I've shared on here that I made the decision to begin saving for retirement at 23, then followed through, and lis...
by investingdad
Thu Dec 29, 2016 8:38 pm
Forum: Personal Consumer Issues
Topic: Learning an instrument as an adult?
Replies: 123
Views: 9704

Re: Learning an instrument as an adult?

Shoulder rest showed up via Amazon today. Got it fitted on and guess what? I can hold the violin in place with just my head and shoulder now and let my left arm hang down while still using the bow.

Brilliant in its simplicity.
by investingdad
Wed Dec 28, 2016 4:09 pm
Forum: Personal Consumer Issues
Topic: Learning an instrument as an adult?
Replies: 123
Views: 9704

Re: Learning an instrument as an adult?

I'm well aware i won't be playing anything for awhile. After the initial messing around I just spent most of the time moving from open string to open string.

Since my first lesson is next week, I'm going to wait on the tutor to get me started for real.
by investingdad
Wed Dec 28, 2016 7:58 am
Forum: Personal Consumer Issues
Topic: Learning an instrument as an adult?
Replies: 123
Views: 9704

Re: Learning an instrument as an adult?

Got my rental violin from a specialty luthier. Used, Romanian made instrument. The owner of the violin shop apparently does not deal in anything from China and does not rent to schools. $30 a month and violin would sell for about $2500. First lesson next week. Awkward to hold and I just ordered a sh...
by investingdad
Tue Dec 27, 2016 9:52 am
Forum: Personal Consumer Issues
Topic: At what age, income, and NW would you buy a $50k car?
Replies: 174
Views: 10768

Re: At what age, income, and NW would you buy a $50k car?

Another way to decide from this post back in 2012 : As I've mentioned before, my metric is the amount our portfolio goes up or down on a single day. One can pick a typical "really good" or "really bad" day if you want to for that single day. This gives one the amount of "no...
by investingdad
Mon Dec 26, 2016 11:03 pm
Forum: Personal Consumer Issues
Topic: At what age, income, and NW would you buy a $50k car?
Replies: 174
Views: 10768

Re: At what age, income, and NW would you buy a $50k car?

With that income and NW I wouldn't think twice. I've never bought a $50k vehicle but I've had three vehicles which cost in the mid $40k range. My income and NW are nowhere near your example but I still believe I'm saving a good amount of money so I don't mind spending money on cars. If you can affo...
by investingdad
Mon Dec 26, 2016 6:02 pm
Forum: Personal Consumer Issues
Topic: At what age, income, and NW would you buy a $50k car?
Replies: 174
Views: 10768

Re: At what age, income, and NW would you buy a $50k car?

I think the OP is in fine shape...but he didn't give his cash flow. 400k is great, but not if you have 300k expenses. Just consider appearances. There's a guy in my office that bought a 130k car and he dresses like he's in financial straits despite being a senior engineer. It looks pretty ridiculous.
by investingdad
Sat Dec 24, 2016 12:06 am
Forum: Personal Finance (Not Investing)
Topic: Identity Fraud
Replies: 1
Views: 323

Re: Identity Fraud

I had somebody create an online account for me with the Social Security office and file a false tax return last year.

Freeze everything. It's the best defence. Also, block electronic and phone access to social security.
by investingdad
Thu Dec 22, 2016 10:31 pm
Forum: Personal Consumer Issues
Topic: Cappuccino/Espresso machine recommendations?
Replies: 39
Views: 2516

Re: Cappuccino/Espresso machine recommendations?

We have a Jura Impressa C60 which we like a lot. It has a built-in frother and grinder. It can use beans or ground coffee and can make American coffee, espresso and cappuccino/lattes, all very well. The froth it produces is not as good as a Nespresso, however. I enjoy good coffee but am not a coffe...
by investingdad
Wed Dec 21, 2016 9:45 pm
Forum: Personal Consumer Issues
Topic: Hard Endeavor/Exercise in Middle Age
Replies: 118
Views: 6972

Re: Hard Endeavor/Exercise in Middle Age

Taking up tennis is a fine choice, but it won't be a hard workout until you develop some basic skill on the court and that will take some time. Adult clinics are the best choice. I'm 43 and picked the game back up at age 40 after a ten year break. Glad I did and the twenty years of court experience ...
by investingdad
Thu Dec 15, 2016 8:02 am
Forum: Personal Finance (Not Investing)
Topic: Well, just got first pair of golden handcuffs
Replies: 58
Views: 8729

Re: Well, just got first pair of golden handcuffs

I'm not expecting any appreciable affect on our portfolio as a result of these RSUs. I'm simply not high enough in the corporate structure to get that size of an award. As I said, these are not freely handed out so to be tapped this year after putting together back to back strong reviews is more imp...
by investingdad
Thu Dec 15, 2016 6:36 am
Forum: Personal Consumer Issues
Topic: Learning an instrument as an adult?
Replies: 123
Views: 9704

Re: Learning an instrument as an adult?

So the update is my daughter's tutor gave me the name of a teacher close by who has a number of adult students. She lives only about 12 minutes away.

So, it seems like that will be a good path forward based on suggestions on here.
by investingdad
Tue Dec 13, 2016 12:56 pm
Forum: Personal Consumer Issues
Topic: On the Difficulty of Things (separate from adults and instruments)
Replies: 11
Views: 1517

On the Difficulty of Things (separate from adults and instruments)

I wanted to start a separate thread on this. First, I appreciate all of the wonderful replies I got when asking about learning an instrument as an adult. I asked about pros and cons and received them, thank you. But I'd like to share two personal life lessons on difficulty...both of which I learned ...
by investingdad
Tue Dec 13, 2016 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Well, just got first pair of golden handcuffs
Replies: 58
Views: 8729

Re: Well, just got first pair of golden handcuffs

Well...RSUs are a big deal at my company as they are not freely handed out. We obviously don't work at the same place.
by investingdad
Mon Dec 12, 2016 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Well, just got first pair of golden handcuffs
Replies: 58
Views: 8729

Well, just got first pair of golden handcuffs

Yearly review time. I changed roles within my company a couple of years ago. Little slow getting up to speed but last two years have gone really well. Restricted stock isn't typically discussed out loud at my mega corp but most folks know it's out there. Well, I guess I'm one of the cool kids now be...
by investingdad
Thu Dec 08, 2016 10:07 pm
Forum: Personal Consumer Issues
Topic: Learning an instrument as an adult?
Replies: 123
Views: 9704

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: 123
Views: 9704

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: 123
Views: 9704

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: 123
Views: 9704

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: 123
Views: 9704

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: 5627

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: 10577

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: 3083

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: 7043

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: 4775

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: 3937

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: 2353

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: 4572

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: 4572

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: 4572

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: 4572

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: 4572

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: 4451

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: 2840

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: 5357

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: 6408

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: 5151

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: 3986

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: 3986

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: 1326

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: 1326

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: 8546

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: 3943

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: 9000

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.

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