Search found 92 matches

by jbird11
Fri Sep 22, 2017 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: Calling out the not so rich bogleheads
Replies: 233
Views: 26524

Re: Calling out the not so rich bogleheads

Great thread--- I'm one of the non-millionaire, not so rich bogleheads. I'm pretty proud to be halfway to the 2-comma club. Just hit this mini milestone ($500K NetWorth) this month. Age-- 37 Wife 38. Kids 9 & 5. Maxing both 401Ks, IRAs & ESAs. No debt except mortgage. 10 years left on 15-yr mortgage...
by jbird11
Thu Jun 22, 2017 2:22 pm
Forum: Personal Consumer Issues
Topic: For Sale By Owner HOUSE- Advice Please
Replies: 26
Views: 3583

Re: For Sale By Owner HOUSE- Advice Please

Thanks for all the replies--- very interesting thoughts. If it helps, this deal is happening in South Dakota. I've consulted a Real Estate Lawyer (referral from friend). He said, " yeah, I could do this for you for around $500, or you could just go to the SD website, print the form, have the buyers ...
by jbird11
Mon Jun 19, 2017 12:52 pm
Forum: Personal Consumer Issues
Topic: For Sale By Owner HOUSE- Advice Please
Replies: 26
Views: 3583

For Sale By Owner HOUSE- Advice Please

The market in our town is insanely hot. They can't keep houses on the market. A realtor friend told me that there's less than a 7 day supply of homes in a couple price categories... I trust him, he sold both my previous 2 houses for our full asking price in 4 days and 10 days. The people that just m...
by jbird11
Tue Jun 13, 2017 4:05 pm
Forum: Personal Consumer Issues
Topic: How many tech devices do you have?
Replies: 74
Views: 4568

Re: How many tech devices do you have?

Family of 4 (9yo, 5yo)

At home:
1 MacBook Pro
2 MacBook Air
3 iphones
4 ipads
3 Kindle Fires
2 Apple TVs
1 Wireless printer
1 Alexa Echo Dot
Apple Air Port router
No cable, but Netflix & Amz Prime
Nest Thermostat
Roomba floor robot

Oh, and a Hoverboard.
by jbird11
Tue Apr 18, 2017 1:31 pm
Forum: Investing - Help with Personal Investments
Topic: First Full-Time Job: Need Help Picking Funds
Replies: 21
Views: 1596

Re: First Full-Time Job: Need Help Picking Funds

Hello all, Age: 22 Vanguard Total Bond Market Index Fund (VBMPX/0.05) Vanguard Institutional Index Fund – Plus Shares (VIIIX/0.02) Vanguard Mid Cap Index - Institutional Plus (VMCPX/0.06) Vanguard Small Cap Index – Institutional Shares (VSCPX/0.06) International Equity Fund – Index Portfolio (No Ti...
by jbird11
Thu Apr 13, 2017 11:39 am
Forum: Investing - Help with Personal Investments
Topic: Should I invest in Roth IRA this year?
Replies: 15
Views: 1196

Re: Should I invest in Roth IRA this year?

bfinners23 wrote:what stocks are recommended in terms of choosing for my roth ira? It's my first contribution that I want to add for 2016. It's better than just sitting in my savings account.
Put it all in the VOO
by jbird11
Fri Mar 10, 2017 4:43 pm
Forum: Investing - Help with Personal Investments
Topic: Options for my cash
Replies: 38
Views: 3303

Re: Options for my cash

Invest it all.
by jbird11
Wed Mar 08, 2017 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: Multiple job offers
Replies: 36
Views: 3588

Re: Multiple job offers

I can't believe the previous responses... HECK YES you take the better deal at Firm B. Jeez. $10K a year and it's the OP's preference to be at Firm B in the first place? No brainer.... "Dear sir, thanks for the opportunity, but I have accepted a position at another firm. This was not an easy de...
by jbird11
Wed Mar 08, 2017 5:18 pm
Forum: Personal Finance (Not Investing)
Topic: Finally making money and need budget advice
Replies: 19
Views: 2623

Re: Finally making money and need budget advice

I think you have too much car...but.... I'd take that $1000/mo (20%) of disposable income and pay extra on the CC for the next 6 months. At that point, you will have built up your savings to approx $13-15K, so the $1500/mo in CC payments can go towards paying off your car, or funding the Roth, or in...
by jbird11
Tue Mar 07, 2017 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Basic "what now?" question
Replies: 7
Views: 1035

Re: Basic "what now?" question

Emergency Fund: $10k, probably 3-4 months of expenses Annual gross income: varies, about $175k/yr I don't think these 2 #'s add up. $2500/mo in expenses? The mortgage alone has to be around 1900/mo right? I don't think you can contribute to Roth based on your income (unless you're married filing jo...
by jbird11
Mon Mar 06, 2017 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: Net Worth Calculation (Question/Opinion)
Replies: 26
Views: 2162

Re: Net Worth Calculation (Question/Opinion)

For those that agree, do you back out the amount it would cost to sell the home? Yes, I back out 9% just to be conservative. 6% for realtor fees (3% to buyer & seller, could be negotiated) + 3% for closing costs and other stuff (inevitable radon test or 1/2 home inspection or fix a squeaky floo...
by jbird11
Mon Mar 06, 2017 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Job Offer
Replies: 12
Views: 1825

Re: Job Offer

Current Annual: $65K+$48K= $113K (up to $143K based on last years bonus) 401K= $6780 in match (up to $8580 last year) Total comp $120-151K New Annual: $92.5K + $17.5 guaranteed (up to 70K) 401K= $3300 in match (up to $4875) Total comp $113.3K-167K Personally, if it were only about the $$$, I might s...
by jbird11
Fri Mar 03, 2017 9:42 am
Forum: Personal Consumer Issues
Topic: Family Hounding me to Purchase SUV or Minivan
Replies: 61
Views: 5120

Re: Family Hounding me to Purchase SUV or Minivan

To me, this all comes down to the safety of the passengers. If you're comfortable with the safety features your cars provide your young family, then stick to your guns. Me, personally, I trust my driving, and even my wifes (mostly)...but it's the other crazy texting idiots that I'm concerned with, s...
by jbird11
Fri Mar 03, 2017 9:28 am
Forum: Personal Consumer Issues
Topic: When & how much to donate?
Replies: 108
Views: 8363

Re: When & how much to donate?

You should not give so much that it hurts, you should give enough that you feel good. 10% is a pretty common # and one that I feel is reasonable once you successfully navigate some of the early roadblocks like debt and entry-level wages. I saw a good saying once that said, if you can't live function...
by jbird11
Fri Feb 24, 2017 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: Purchasing a new house -- Are we being stupid to consider it?
Replies: 35
Views: 4690

Re: Purchasing a new house -- Are we being stupid to consider it?

$900K house is too much. If you're gonna go forward with this... I would sell the rentals and use the equity for the down payment. With $190K takehome... I would be comfortable with about a $2800/mo mortgage payment... I would be squirming pretty hard with a $6000/mo payment. Doesn't leave you much ...
by jbird11
Fri Feb 24, 2017 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement vs Down Payment
Replies: 32
Views: 3038

Re: Retirement vs Down Payment

I don't see how a $400k-500K house is in your cards at $41k & $62k. If I were you, I would max your 401K and capture that full 25% match. I would bump hers down to 5% to capture the 4% match. That means you have salaries more like $22K & $59K--- take home monthly something like $4700 maybe? ...
by jbird11
Thu Feb 23, 2017 11:09 am
Forum: Personal Finance (Not Investing)
Topic: Another can we afford home thread!
Replies: 50
Views: 4123

Re: Another can we afford home thread!

Sell your house, put $100K down (20% to avoid PMI)... it also takes your loan down below the $417k jumbo loan amount. Invest the other $130K and continue to ramp up your emergency fund. If you wanna be a landlord... start fresh on some 'ideal' rental property, don't just try and make your existing p...
by jbird11
Fri Feb 03, 2017 11:48 am
Forum: Personal Finance (Not Investing)
Topic: GF has long commute, should we buy a house to avoid long commute?
Replies: 62
Views: 5701

Re: GF has long commute, should we buy a house to avoid long commute?

I would not buy a house... with a GF... who isn't on the same page with you on money...


If you wanna rent somewhere closer to where she works... sure.
by jbird11
Thu Feb 02, 2017 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: Can We Afford A $550k House - Your Opinion?
Replies: 29
Views: 4394

Re: Can We Afford A $550k House - Your Opinion?

If you can get $200/sqft for yours and buy one for $140/sqft, you're probably on the right track in terms of being realistic. I'd be slightly worried about down payment... if you sell yours for $450K, you're gonna have about 9% in realtor/closing costs leaving you with $409k. $336k on the mortgage l...
by jbird11
Thu Feb 02, 2017 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: Career advice please: early 30's tech employee, new mom, confused
Replies: 36
Views: 4515

Re: Career advice please: early 30's tech employee, new mom, confused

200K? Have your kid... take your maternity leave...but then send them to the best daycare you can find and go back to your 200k job.
by jbird11
Mon Jan 30, 2017 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 607
Views: 162656

Re: Share your net worth progression

Hi Everybody, I am quite new to BH, spending most of my time (up to now) over at the ER Forum. This one is great! So many great posts over so many areas. I am sharing on this thread, since NW is the main milestone I use to track my progress, period. I calculate quarterly across all assets. Since ea...
by jbird11
Mon Jan 30, 2017 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: seeking advice - need to advise newly widowed mother in deep debt
Replies: 46
Views: 4655

Re: seeking advice - need to advise newly widowed mother in deep debt

This is simple right? Getting $110K, owe $72.5K? Leaves her $37.5K plus the $10K savings and $55k/year of income on a pension?

Pay the debt and get her on a budget that makes sense.
by jbird11
Mon Jan 23, 2017 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 607
Views: 162656

Re: Share your net worth progression

Started using Personal Capital 40 months ago. Started at 127K now 416K. Wondering if $7K+ per month to NetWorth is good/bad based on $160K combined income? Saving ~50% of your gross income. I'd say that's pretty darn good. Some of it is in the form of paying off principal and market performance... ...
by jbird11
Mon Jan 23, 2017 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 607
Views: 162656

Re: Share your net worth progression

Started using Personal Capital 40 months ago.

Started at 127K now 416K.

Wondering if $7K+ per month to NetWorth is good/bad based on $160K combined income?
by jbird11
Mon Jan 23, 2017 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage VS Payoff
Replies: 17
Views: 2546

Re: Mortgage VS Payoff

How long do you plan to stay at the Texas house?
by jbird11
Tue Jan 03, 2017 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: How much term life insurance?
Replies: 12
Views: 1143

Re: How much term life insurance?

To me, I would think you might be a little over-insured actually. I think a 20-year, maybe even a 10-year plan might get you there (by there I mean debt-free and kids mostly grown). At $2M, she can pay off the house and be left with only $60k per year of spending. At $260K/yr salary and only $100K i...
by jbird11
Mon Dec 12, 2016 3:19 pm
Forum: Personal Finance (Not Investing)
Topic: New Boss - Bonus Different This Year
Replies: 12
Views: 1376

Re: New Boss - Bonus Different This Year

Here's a good strategy that one of my employees used effectively on me when we had a similar situation regarding pay raises and discretionary bonuses. They asked me for a meeting and then said something like: "Here's what my bonus & compensation was, and here's what I thought it was going t...
by jbird11
Thu Aug 25, 2016 8:59 am
Forum: Personal Finance (Not Investing)
Topic: Parents have enough for retirement?
Replies: 26
Views: 4277

Re: Parents have enough for retirement?

I'm in the camp of taking SS early, never knowing how long someone will live. $1200/mo + $660/mo = $1860/mo Invest the $800K liquid conservatively and take a 4% withdrawal rate for an add'l $2667/mo That gives them $4500/mo with a $500K backup fund (house). Seems very doable. Tighten up the expenses...
by jbird11
Fri Aug 19, 2016 9:38 am
Forum: Personal Finance (Not Investing)
Topic: Large amount of home equity - tempting to cash out and FIRE?
Replies: 57
Views: 5613

Re: Large amount of home equity - tempting to cash out and FIRE?

If by moving you could maintain income, heck yes...take that money! There's a sweet lot right next to me on a quiet cul de sac and 2 blocks away from the best Elem school & middle school in the State! ...of course, you will need to take some of the $1M and buy a snowblower! :)
by jbird11
Wed Aug 03, 2016 11:27 am
Forum: Personal Finance (Not Investing)
Topic: How much to put down on our next house?
Replies: 34
Views: 2669

Re: How much to put down on our next house?

-If we wanted to stay below the jumbo limits we could put $233k down. That would leave a mortgage of $417k and $117k to invest. If we paid off the student loans, then it would leave $49 to invest. This is exactly what I would do if I were in your situation. Pay the student loans off, put the $233K ...
by jbird11
Wed Aug 03, 2016 10:51 am
Forum: Personal Finance (Not Investing)
Topic: Marriage, budgeting, and taxable accounts
Replies: 41
Views: 3469

Re: Marriage, budgeting, and taxable accounts

I think this is just a simple matter of saying: "What I choose to do with MY spending money is to invest it in OUR taxable investment account"
by jbird11
Thu Jul 14, 2016 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: Another "should I refinance" thread
Replies: 11
Views: 1030

Re: Another "should I refinance" thread

Thanks but adjustable rate mortgages make me extremely nervous.= I would be much more nervous about not having an emergency fund than I would about what MIGHT happen in 5 years... the very most it could go up in the PenFed example is 2% (over the 2.5% its the same situation you're in now at 4.5%). ...
by jbird11
Tue Jun 14, 2016 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: Use 529 or cash first?
Replies: 29
Views: 3144

Re: Use 529 or cash first?

I would use the 529 first... what if they don't go back after their first year?
by jbird11
Tue Jun 14, 2016 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: Buying vs Leasing a Car
Replies: 27
Views: 2451

Re: Buying vs Leasing a Car

Buy used, Pay cash.
by jbird11
Tue Jun 14, 2016 1:59 pm
Forum: Personal Consumer Issues
Topic: Reasonably Priced Red Wines
Replies: 47
Views: 3918

Re: Reasonably Priced Red Wines

There's a really decent Merlot that my wife & I enjoy from Blackstone. $9-10 bottle. Very smooth, IMO one of the best bang for the buck reds.
by jbird11
Mon May 16, 2016 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: Which Job Offer?
Replies: 18
Views: 1971

Re: Which Job Offer?

Option B sounds good. No weekends is huge, plus you say it's interesting. You already said your husband has a stable job that would pay all your bills, so the interesting nature of the work seems more important to me than some of the financial benefits. Not many advancements opportunities within tha...
by jbird11
Mon May 16, 2016 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Pay down mortgage (remove MIP), invest, save?
Replies: 23
Views: 1817

Re: Pay down mortgage (remove MIP), invest, save?

I'm surprised more folks aren't advocating for using the $20K to payoff the car. Sure, it's only 1.9% but it's a depreciating asset, right? I would also consider the re-financing options that many have suggested, but if we're only talking about what to do with the $20K, I erase the care loan and use...
by jbird11
Tue May 10, 2016 11:26 am
Forum: Personal Finance (Not Investing)
Topic: New house or Early Retirement?
Replies: 23
Views: 3849

Re: New house or Early Retirement?

I guess I was looking at it from the perspective that you didnt get much "lifestyle" for the extra 250-300 thousand you spent. I lived in the area and while the lake has nice houses on it nobody acted like it was a big deal. It is not great fishing or swimming. Your kids will still want a...
by jbird11
Tue May 10, 2016 8:26 am
Forum: Personal Finance (Not Investing)
Topic: New house or Early Retirement?
Replies: 23
Views: 3849

Re: New house or Early Retirement?

A couple of points of clarification here: The +$15K is net after expenses and commissions. I don't know of a ton of examples where you can get out of a mortgage without taking a net loss when you only live somewhere for 20 months. The +15K is basically pointless... nice little bonus, actually. The h...
by jbird11
Mon May 09, 2016 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: New house or Early Retirement?
Replies: 23
Views: 3849

New house or Early Retirement?

Hi folks, checking in after a little break from the forums...been reading often, posting rarely. I'm currently facing the following scenario: Wife & I built a house 20 months ago. It's nearly perfect. Great floor plan, nice upgrades, awesome Cul de Sac lot, close to the schools we want, etc. We ...
by jbird11
Thu Feb 18, 2016 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: The Realtors vs the Appraiser. Who is right? (Home Value)
Replies: 65
Views: 5665

Re: The Realtors vs the Appraiser. Who is right? (Home Value)

We are currently in the exact situation as the OP's Grandparents. We built our house in early '14, ended up closing for around $360,000. Now, our market is on fire...any house that hit the market in my neighborhood between 350-399 sold within 10 days (7 examples). There's also a slight saturation of...
by jbird11
Tue Jan 26, 2016 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance: 15yr or 30yr + invest?
Replies: 23
Views: 3286

Re: Refinance: 15yr or 30yr + invest?

One thing about this PMI thing... You said your bank isn't allowing you to get rid of this... They are either lying to you, or you aren't giving us the full picture. If this is a conventional 30-year loan, the PMI is automatically cancelled at 78% Loan-to-Value. I can almost guarantee you that there...
by jbird11
Tue Jan 26, 2016 11:00 am
Forum: Personal Finance (Not Investing)
Topic: What would a Boglehead do? (CC Debt Dilemma)
Replies: 62
Views: 5233

Re: What would a Boglehead do? (CC Debt Dilemma)

I dunno, but I would be more than a little concerned that you are even toying with this line of thinking. What's wrong with this? He could save some significant money if he transfers this debt to a card with 0% interest My thoughts are... the OP has already shown some issues with the responsible de...
by jbird11
Fri Jan 22, 2016 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: What would a Boglehead do? (CC Debt Dilemma)
Replies: 62
Views: 5233

Re: What would a Boglehead do? (CC Debt Dilemma)

2. Pay off all of the cards to around 20% of their utilization (my utilizations are very high). This should get me an immediate bump on my credit score and hopefully open up some offers for 0% balance transfers. -BV I dunno, but I would be more than a little concerned that you are even toying with ...
by jbird11
Mon Jan 18, 2016 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Selling house, disappointed in realtors. Am I expecting too much?
Replies: 23
Views: 4238

Re: Selling house, disappointed in realtors. Am I expecting too much?

One thing to consider... price point matters. For example, someone might put a screen of 350,000 to 400,000 and your house for $409,000 won't even show up on their radar. Going from $425,000 to $426,000 is the same deal. One thing, you might want to interview a realator NOT on the approved list and ...
by jbird11
Mon Jan 18, 2016 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Advice: 15yr or 30yr
Replies: 5
Views: 911

Advice: 15yr or 30yr

Him: 35 (180K/yr) Her: 36 (44K/yr) State: SD (no State income taxes) No debt outside of current 15-yr Mortgage (3.25%) Loan originated May '14: $286,000 Home Purchase Price: $360,000 (1750 sq ft basement unfinished, I expect spending $40k to increase value by $70-80K when finished) Current loan amou...
by jbird11
Mon Jan 11, 2016 5:33 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off 2nd mortgage or car loan first?
Replies: 27
Views: 1829

Re: Pay off 2nd mortgage or car loan first?

The answer to your question is to focus on the 2nd Mortgage first, it's the smaller balance and the higher interest rate. Good debt, bad debt... not really a good debate. You have liabilities, you need to pay them. I'd say your bigger issues here are: I know that we shouldn't have a car loan, but we...
by jbird11
Mon Jan 11, 2016 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: Town house or house upgrade?
Replies: 7
Views: 999

Re: Upgrading to new town house or old house?

...the community getting run down a bit... ...We have a small child Wouldn't have to tell me twice, I'd be gone. If you can swing it financially, no worries. I'd opt for the low-maintenence, newer place unless you're super handy and looking to spend a lot of time fixing up your new, old house.
by jbird11
Mon Jan 11, 2016 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: Heavy Lifting Job: $60/hr nights or $75/hr weekends?
Replies: 36
Views: 5559

Re: Heavy Lifting Job: $60/hr nights or $75/hr weekends?

If it were me, personally, I would gladly work the 2 x 12's. You would have a massive, massive amount of freedom during the week... you could pick up something light and fun part-time if you wanted and really start to bank some $$$, or you could spend your days in the whirlpools and steam room recov...
by jbird11
Fri Jan 08, 2016 4:13 pm
Forum: Personal Consumer Issues
Topic: Sales reward - not sure what to pick
Replies: 42
Views: 3443

Re: Sales reward - not sure what to pick

Grab a 1-yr supply of Crown Royal and some nice Cigars!