Search found 1148 matches

by investingdad
Wed Sep 20, 2017 5:40 am
Forum: Personal Finance (Not Investing)
Topic: Let's talk about your FI # and family income [Financial Independence]
Replies: 157
Views: 13120

Re: Let's talk about your FI # and family income [Financial Independence]

I am impressed by the house incomes ($200K ~ $400K) posted here. Where are the average Joes? There are only two of us on the whole forum. Everyone else makes bank. It's worth noting I made 33k in 1996 coming out of college, that's about the median in today's dollars. Same for my wife. We've managed...
by investingdad
Tue Sep 19, 2017 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Let's talk about your FI # and family income [Financial Independence]
Replies: 157
Views: 13120

Re: Let's talk about your FI # and family income [Financial Independence]

Age, 44/44
Age to retire, aiming for 53 to 55 or so
HHI, between 240k and 280k
Expenses, about 115k last year (balance was invested and paid taxes)
Desired portfolio, between 4.5 and 5 million

I'd like to pull about 3.25% as a withdrawal rate.

About half way there.
by investingdad
Mon Sep 18, 2017 6:36 pm
Forum: Personal Consumer Issues
Topic: Is it really Worth it to brown bag your lunch at work?
Replies: 310
Views: 16271

Re: Is it really Worth it to brown bag your lunch at work?

Brown bagging early in career is a 'Career Limiting Move'. Brown bagging late in career is probably worse until you are on the early retirement list. Completely and utterly incorrect. Advancing your Career requires schmoozing, not easily done when you pull out a brown bag. A brown bag conveys 'dome...
by investingdad
Thu Sep 14, 2017 11:38 am
Forum: Personal Consumer Issues
Topic: Is it really Worth it to brown bag your lunch at work?
Replies: 310
Views: 16271

Re: Is it really Worth it to brown bag your lunch at work?

I find that those that don't hone their networking skills in some way - be it lunch, or, as one of the above posters working out with c-suite folks - they get stuck in their jobs and are unhappy. For me, anyway, lunch out is not just tasty, but totally worth it. I know some folks who make it a poin...
by investingdad
Thu Sep 14, 2017 7:01 am
Forum: Personal Finance (Not Investing)
Topic: Turned down for umbrella insurance
Replies: 56
Views: 4784

Re: Turned down for umbrella insurance

Our umbrella is either three or five million, I forget. Got it two years ago. Zero issues, no proof of anything. Been with the company for 28 years. When I went up to higher amount from one million, my agent did ask why. I told him to protect our assets and net worth. He said it needed home office a...
by investingdad
Tue Sep 12, 2017 2:54 pm
Forum: Personal Consumer Issues
Topic: Is it really Worth it to brown bag your lunch at work?
Replies: 310
Views: 16271

Re: Is it really Worth it to brown bag your lunch at work?

This topic seems to resonate with a lot of folks, both positively and negatively. I would like to highlight that I'm not advocating that anyone here (or in my office) do what my wife and I have done with the whole lunch thing. I'm simply sharing what I believe the financial benefit has been to us ov...
by investingdad
Tue Sep 12, 2017 11:25 am
Forum: Personal Consumer Issues
Topic: Is it really Worth it to brown bag your lunch at work?
Replies: 310
Views: 16271

Re: Is it really Worth it to brown bag your lunch at work?

I'm only highlighting what I believe the benefit has been to us over twenty years, your results may vary. :)
by investingdad
Tue Sep 12, 2017 11:09 am
Forum: Personal Consumer Issues
Topic: Is it really Worth it to brown bag your lunch at work?
Replies: 310
Views: 16271

Re: Is it really Worth it to brown bag your lunch at work?

silverlitegs wrote:
Tue Sep 12, 2017 11:06 am
Great post on the financial savings. I bring my work almost everyday. One downside is networking. Do you feel not going out with everyone you are impeding your career?
Nope, networking over lunch is overrated in my opinion.
by investingdad
Tue Sep 12, 2017 11:02 am
Forum: Personal Consumer Issues
Topic: Is it really Worth it to brown bag your lunch at work?
Replies: 310
Views: 16271

Is it really Worth it to brown bag your lunch at work?

My wife and I pretty much bring lunch from home to eat at the office every day. We've been doing this all of our respective 22 year careers to date. I've noticed in my office, some people do the same as me. And others go to our cafeteria or get take out every, and I mean EVERY, day. So I was curious...
by investingdad
Wed Sep 06, 2017 5:36 am
Forum: Personal Finance (Not Investing)
Topic: When to give resignation notice
Replies: 63
Views: 6063

Re: When to give resignation notice

My Megacorp spent the last 12 months downsizing the organization and then announced internally they were finished. Then the Engineering VP retired. The replacement came in, decided he wanted to redo the engineering organization to look the way he wanted it to and...guess what? We're back to eliminat...
by investingdad
Sun Sep 03, 2017 8:09 am
Forum: Personal Finance (Not Investing)
Topic: Evaluating new job offer
Replies: 40
Views: 3008

Re: Evaluating new job offer

Why did you apply for the job? I applied because this is a hot company in a field that I find very interesting ... and I'm very bored with my current job. After 12 years of doing the same it's hard to keep up the interest. My personal opinion, which your should ignore if it's not right for you, is ...
by investingdad
Fri Sep 01, 2017 5:24 am
Forum: Personal Finance (Not Investing)
Topic: Another Chemical Engineer salary history
Replies: 14
Views: 2417

Re: Another Chemical Engineer salary history

I'm in Pennsylvania, not the pricey burbs of Philly though. I'm also satisfied with my work life balance and what I'm paid based on what I'm expected to do. That is an important consideration. More money to be had in management for sure, but that's not my natural strength nor is it the type of work ...
by investingdad
Thu Aug 31, 2017 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: Another Chemical Engineer salary history
Replies: 14
Views: 2417

Another Chemical Engineer salary history

I only have the endpoint data to share without digging into a lot of old records. Chemical engineer, individual contributor. Low cost of living area, not Gulf Coast. Starting Salary, 1996...33k, $15 Christmas Bonus (yes, 15 bucks, what a joke, I wish I'd kept the check) Current Salary, 2017...106k, ...
by investingdad
Wed Aug 30, 2017 7:52 am
Forum: Personal Finance (Not Investing)
Topic: What should the savings be for an average professional
Replies: 167
Views: 15772

Re: What should the savings be for an average professional

Here's the simple truth I've learned...the Boglehead philosophy, if executed from an early age, is one of the best ways to insulate oneself from Corporate garbage that surrounds me on a daily basis.
by investingdad
Wed Aug 30, 2017 5:40 am
Forum: Personal Consumer Issues
Topic: Bosch dishwasher?
Replies: 90
Views: 6544

Re: Bosch dishwasher?

We have a mid range Bosch as well, only about six months old. Prior Whirlpool dishwasher died after seven years, not made like they used to be. Anyway, good so far. Super quiet, which was important because the master bedroom is above the kitchen and we often run the dishwasher before going to bed. T...
by investingdad
Thu Aug 24, 2017 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: 78% Americans are living from paycheck to paycheck?
Replies: 15
Views: 1985

Re: 78% Americans are living from paycheck to paycheck?

I don't know why it's so hard to believe. I absolutely believe it. It also states "Having a higher salary doesn't necessarily mean money woes are behind you, with nearly one in 10 workers making $100,000 or more (9 percent) saying they usually or always live paycheck-to-paycheck". People have less ...
by investingdad
Tue Aug 22, 2017 9:12 am
Forum: Personal Consumer Issues
Topic: Learning an instrument as an adult? 8 Month Update
Replies: 164
Views: 18619

Re: Learning an instrument as an adult? 8 Month Update

I wasn't planning to update for a little while but decided to after watching a video I recorded of myself after five weeks of playing versus a video I recorded at eight months of playing this weekend. Wow. Doesn't even sound like the same instrument. At five weeks, the sound was pretty lifeless and ...
by investingdad
Fri Aug 18, 2017 5:26 pm
Forum: Personal Consumer Issues
Topic: Advice on buying a musical instrument
Replies: 24
Views: 1582

Re: Advice on buying a musical instrument

I got attached to the feel and sound of mine because it's the only one I know. So I figured, since my teacher likes how it sounds, it made sense to keep it.

When I upgrade, I'll hold into it even if just for sentimental reasons.
by investingdad
Fri Aug 18, 2017 1:27 pm
Forum: Personal Consumer Issues
Topic: Advice on buying a musical instrument
Replies: 24
Views: 1582

Re: Advice on buying a musical instrument

Just to close this out, I ended up buying the violin I've been renting. I elected to get a different bow, still composite like the one I was using but I liked the balance and feel better. He sold me both for $1200, so I'm now the owner of a Romanian violin and American bow. A little research suggest...
by investingdad
Wed Aug 16, 2017 10:46 am
Forum: Personal Finance (Not Investing)
Topic: How does personal wealth affect job hunting?
Replies: 57
Views: 6944

Re: How does personal wealth affect job hunting?

Well, what I'll say is this.

Every time the market and our portfolio ticks up, my tolerance for the big egos and corporate ladder climbers that I work with goes down.
by investingdad
Tue Aug 15, 2017 8:08 am
Forum: Personal Consumer Issues
Topic: What kind of hotel do you get on business travel?
Replies: 44
Views: 3353

Re: What kind of hotel do you get on business travel?

Typically it's Courtyard Marriott, Hilton Garden, Hampton class of hotels. Same here, plus we use Concur which is the Big Brother of booking Travel. I always look for a Embassy Suites if it's on the accepted list. I research my options because travel is an inconvenience and I've reached that point ...
by investingdad
Tue Aug 08, 2017 11:52 am
Forum: Personal Consumer Issues
Topic: Las Vegas Slot Machine Strategy (maximize entertainment value)
Replies: 31
Views: 2514

Re: Las Vegas Slot Machine Strategy (maximize entertainment value)

Man, maybe I'm just too young to realize it, but aside from the addictive nature of gambling and the false dreams of a promising reward, I have no idea why one would choose to play a slot machine for hours on end. I seriously would do anything else than sit in a dark room with lots of noisy dinging...
by investingdad
Tue Aug 08, 2017 9:49 am
Forum: Personal Consumer Issues
Topic: Learning an instrument as an adult? 8 Month Update
Replies: 164
Views: 18619

Re: Learning an instrument as an adult? Six Months Progress

Injury Update So I cautiously started playing again about a week ago. Kept each practice short. Happily everything was feeling good...until last night. Of all the things it was chopping up beef for dinner that restrained my wrist. :oops: So as frustrating as that was, I found that rest, stretching, ...
by investingdad
Mon Aug 07, 2017 8:30 am
Forum: Personal Finance (Not Investing)
Topic: Collective wisdom on fraud prevention
Replies: 3
Views: 302

Re: Collective wisdom on fraud prevention

Watty wrote:You might want to add these to your list.

Freeze your credit
Never have a debit card.
My identity was stolen in a data breach and used to file a tax return in my name.

Freeze credit and Chex system. Disable phone and electronic access to social security and make it in person in office only.
by investingdad
Sat Aug 05, 2017 8:44 am
Forum: Personal Consumer Issues
Topic: Fence Boundary Issue
Replies: 24
Views: 1736

Re: Fence Boundary Issue

In the grand scheme of things, this isn't too bad. If you're going to have the fence people come back probably should just have a survey done and pins put in and be done with it. But, check first if the builder is going to do that eventually. If they are, maybe ask who they use so there's no disagre...
by investingdad
Fri Aug 04, 2017 10:58 am
Forum: Personal Consumer Issues
Topic: Fence Boundary Issue
Replies: 24
Views: 1736

Re: Fence Boundary Issue

I hate posting a question on here thinking in going to get vindication for what I'm thinking only to find everyone disagrees with me. It's happened more times than I'd like to admit. Unfortunately, OP, I'm going to have to do just that to you. Sorry! Relying on sod rather than pins from a survey not...
by investingdad
Fri Aug 04, 2017 6:36 am
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 276
Views: 23759

Re: A poll: How much money do you want to retire?

We are 44 now.

Targeting anywhere from 52 to 56.

If we get to $5 million or more, I think we are set. If we get to $4 million, I'll have to plan carefully.

In the middle of that are varying degrees of what I think will work.

We are on track, I think, to hit that range.
by investingdad
Mon Jul 31, 2017 6:46 am
Forum: Personal Consumer Issues
Topic: What kind of cleaning service do you use?
Replies: 15
Views: 1644

Re: What kind of cleaning service do you use?

We thought about a cleaning service, but I guess I'm just paranoid about somebody in the house while we are not home.
by investingdad
Sun Jul 30, 2017 8:32 am
Forum: Personal Consumer Issues
Topic: Your "at peace" moments.
Replies: 98
Views: 11335

Re: Your "at peace" moments.

I will add a blowing, snowy winter night when I'm staring at the fireplace after my wife and kids are in bed.
by investingdad
Sun Jul 30, 2017 8:30 am
Forum: Personal Consumer Issues
Topic: Your "at peace" moments.
Replies: 98
Views: 11335

Re: Your "at peace" moments.

gasman wrote:first sip of a martini on friday afternoon with good weather that I don't have to work the weekend.
I'm a beer guy and don't like martinis at all...but I TOTALLY get this one. :)
by investingdad
Sat Jul 29, 2017 5:31 pm
Forum: Personal Consumer Issues
Topic: Your "at peace" moments.
Replies: 98
Views: 11335

Re: Your "at peace" moments.

Coffee on my deck before work in the early morning while the birds are singing.

Walking back to the creek in the woods behind my house.
by investingdad
Sat Jul 29, 2017 8:05 am
Forum: Personal Consumer Issues
Topic: Lifelock vs Experian vs other
Replies: 12
Views: 1804

Re: Lifelock vs Experian vs other

I've had my identity stolen and a false tax return filed in my name. This was the result of a data breach at a medical records provider. Presumably the same piece of trash created an online social security account ID for me. I became aware of this whole debacle when SS mailed me a letter confirming ...
by investingdad
Wed Jul 26, 2017 10:07 am
Forum: Personal Consumer Issues
Topic: Green Dot cards are ID fraud!
Replies: 22
Views: 2914

Re: Green Dot cards are ID fraud!

Daftinvestor...ok, fair point. I wasn't trying to level criticism at you, sorry if it came off that way.
by investingdad
Wed Jul 26, 2017 9:31 am
Forum: Personal Consumer Issues
Topic: Green Dot cards are ID fraud!
Replies: 22
Views: 2914

Re: Green Dot cards are ID fraud!

investingdad- I don't doubt that you are caught up in a fraudulent scheme. I'm trying to understand the "upside" for the thief that sends the card to your home. How do they get money from that? That isn't clear to me either. But not knowing how the scheme works is not a reason to take no action. My...
by investingdad
Wed Jul 26, 2017 9:07 am
Forum: Personal Consumer Issues
Topic: Green Dot cards are ID fraud!
Replies: 22
Views: 2914

Re: Green Dot cards are ID fraud!

My understanding is a a social security number is required to ACTIVATE the card but if you receive on in the mail it may be part of a marketing campaign whereby you are receiving an un-activated/unloaded card - thus the advise some have given about "just shred and forget". OP: Are you sure your car...
by investingdad
Wed Jul 26, 2017 7:26 am
Forum: Personal Finance (Not Investing)
Topic: Do people really buy foreclosures unseen?
Replies: 21
Views: 2431

Re: Do people really buy foreclosures unseen?

There's a community about a mile from us where the homes sold for up to 500k, LCOL area otherwise.

One home last year was a foreclosure. It was TRASHED on the inside. Counter tops removed, toilets removed, walls ripped up, you name it.

Just a data point...
by investingdad
Wed Jul 26, 2017 5:51 am
Forum: Personal Consumer Issues
Topic: Green Dot cards are ID fraud!
Replies: 22
Views: 2914

Re: Green Dot cards are ID fraud!

Why I was concerned... Yesterday I recieved a Visa card in the mail with my name on it. It looked real and after researching Green Dot Bank, determined it was. Yes, this is a prepay card. I contacted Green Dot Bank by phone and determined an account was opened using my name, social security number, ...
by investingdad
Tue Jul 25, 2017 10:00 pm
Forum: Personal Consumer Issues
Topic: Green Dot cards are ID fraud!
Replies: 22
Views: 2914

Green Dot cards are ID fraud!

I've seen threads on here about people getting the cards from Green Dot, not requesting them, etc. Advice has been to shred and forget. NO! I got one tonight and I've documented my identity theft issues on here. I called their horrible customer service and the nice Indian woman didn't know the word ...
by investingdad
Tue Jul 25, 2017 9:51 pm
Forum: Personal Consumer Issues
Topic: Learning an instrument as an adult? 8 Month Update
Replies: 164
Views: 18619

Re: Learning an instrument as an adult? Six Months Progress

Thanks, JJ. My fear is almost seven months of daily practice is going to be for naught if I have to take weeks off to let my strained tendons heal. One week of vacation in June took three or four days to get back to where I was. I also fear this will keep coming back preventing me from pursuing this...
by investingdad
Mon Jul 24, 2017 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Company Vehicle - What would you do?
Replies: 23
Views: 1306

Re: Company Vehicle - What would you do?

If you truly don't need or want the personal vehicle, sell it and cash out. Use the company car for everything.

If you need a second vehicle for "just in case", buy a cheap, high mileage car you don't mind driving in cash and let it sit.
by investingdad
Mon Jul 24, 2017 8:10 am
Forum: Personal Finance (Not Investing)
Topic: Investing Education and Mansplaining
Replies: 128
Views: 8290

Re: Investing Education and Mansplaining

In some ways this reminds of me when I was a kid spending time with my grandparents, aunts and uncles, and older cousin. He was three years older than me and, for that reason, whenever I didn't know how to do something I was told by my grandparents to ask my cousin Mike and he'd show me how to do wh...
by investingdad
Sun Jul 23, 2017 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: Investing Education and Mansplaining
Replies: 128
Views: 8290

Re: Investing Education and Mansplaining

My engineering manager is both female and younger than I. No issues for me based on mutual respect.

The OPs daughter will eventually have a rude awakening.
by investingdad
Sat Jul 22, 2017 8:11 am
Forum: Personal Consumer Issues
Topic: Learning an instrument as an adult? 8 Month Update
Replies: 164
Views: 18619

Re: Learning an instrument as an adult? Six Months Progress

:( I overdid the practice this week and now my wrist tendons and two little fingers hurt. Always the worst case scenario person, I assume this means I'm done for good. Ok...in reality I'm going to force myself to rest my hand. I can practice open strings and work on smooth bow technique for awhile. ...
by investingdad
Fri Jul 21, 2017 10:27 pm
Forum: Personal Finance (Not Investing)
Topic: Turned 44...performance against forecast
Replies: 23
Views: 2515

Re: Turned 44...performance against forecast

In 2010 we carried about 120k in home equity. Today it's about 145 or 150k as the mortgage goes down.

Very little net worth is in our home.
by investingdad
Fri Jul 21, 2017 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Turned 44...performance against forecast
Replies: 23
Views: 2515

Re: Turned 44...performance against forecast

Getting to 1 million at 39 took continued discipline. Getting to 2 million at 43 was easy. $1 million and a 100% increase in four years is impressive, and not what I would call "easy" by any means....Congrats! I've noticed that I've gone from $830k at age 38 to about $1.6 million now having just tu...
by investingdad
Fri Jul 21, 2017 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Turned 44...performance against forecast
Replies: 23
Views: 2515

Re: Turned 44...performance against forecast

Our expenses have gradually ticked up. Our oldest is still six years from college and we've allowed our vacation budget to increase quite a bit. Our youngest is eight years from college and we figure we best get in family vacations while we can. So we are. I would guess our expenses at age 30 pre ki...
by investingdad
Fri Jul 21, 2017 10:55 am
Forum: Personal Finance (Not Investing)
Topic: Turned 44...performance against forecast
Replies: 23
Views: 2515

Re: Turned 44...performance against forecast

Well, according to my spreadsheet, at 30 our combined salary was about 120k. It's doubled over the course of 14 years. That's about 5% annually. Salary is split about 55/45 in favor of my wife. We went from saving maybe 25k a year back then to saving about 70k a year today. That includes company mat...
by investingdad
Fri Jul 21, 2017 10:20 am
Forum: Personal Finance (Not Investing)
Topic: Turned 44...performance against forecast
Replies: 23
Views: 2515

Re: Turned 44...performance against forecast

The AA is more aggressive than I'd like. It's about 73% equity, 23% bonds, balance cash. I've been trying to rebalance over the last four plus years and have managed to get it down from 85% equity. I now contribute most 401k money to bond funds, but with the rising equity markets it keeps weighting ...
by investingdad
Fri Jul 21, 2017 8:57 am
Forum: Personal Finance (Not Investing)
Topic: Turned 44...performance against forecast
Replies: 23
Views: 2515

Re: Turned 44...performance against forecast

Our actuals are higher than forecast as a result of three things. - our salary went up more than expected, so our savings rate was higher. - market returns have been better than my model used. - my wife started getting company stock that outperformed the S&P the last six years. As I mentioned, I act...
by investingdad
Fri Jul 21, 2017 7:28 am
Forum: Personal Finance (Not Investing)
Topic: Turned 44...performance against forecast
Replies: 23
Views: 2515

Turned 44...performance against forecast

I joined BH four years ago but have basically followed the principels for the last twenty years. I recently turned 44 and dug up my forecast spreadsheet I made at age 30. The highlights... - at 30, our net was 249k - I was assuming an 8% portfolio return - I forecast a net of 1.2 million at 44 - I f...