Search found 143 matches

by knightrider
Thu Dec 07, 2017 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: Side Hustle Taxes
Replies: 17
Views: 1957

Re: Side Hustle Taxes

This one will have the most variance, I suspect. I pay a 1.0% local income tax to my county, which gets split up between the county, township and school district. That's 1.0% of net income (after deducting business expenses, pension contribution, etc.). I send in a quarterly check, just like I do f...
by knightrider
Thu Dec 07, 2017 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: Side Hustle Taxes
Replies: 17
Views: 1957

Re: Side Hustle Taxes

deanbrew wrote:
Thu Dec 07, 2017 1:40 pm
You will need to pay estimated quarterly payments to all three, as required by your state and local municipality.
What kind of local taxes would a business owe?
by knightrider
Thu Dec 07, 2017 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: 33 years old, 13 years IT experience, currently make 63k a year. I need advice to start making more money
Replies: 76
Views: 6354

Re: 33 years old, 13 years IT experience, currently make 63k a year. I need advice to start making more money

- ALWAYS pleasant and helpful to ALL that I encounter - attitude goes a long way I agree, this is probably the most important "skill" to have. Too many IT folks have a chip on their shoulder. They are condescending to users and are always critical/negative of corporate policies.. Don't be like one ...
by knightrider
Tue Dec 05, 2017 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: Paying taxes with credit card?
Replies: 28
Views: 2625

Re: Paying taxes with credit card?

Yes I pay my estimated taxes here:

https://www.officialpayments.com/index.jsp

I only do it to meet the minimum spend on my credit cards to get the sign up bonus.
by knightrider
Tue Dec 05, 2017 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: Should I start making candy bars?
Replies: 6
Views: 1419

Re: Should I start making candy bars?

barnaclebob wrote:
Tue Dec 05, 2017 3:42 pm
These types of products are a dime a dozen and its anyone's guess as to which will succeed or not.
That's what I thought to. But then why is Kellogg paying $600 million for it?
by knightrider
Tue Dec 05, 2017 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: Should I start making candy bars?
Replies: 6
Views: 1419

Should I start making candy bars?

According to this article, these two guys started making energy bars at home then gave them to local coffee shops. Now Kellogg bought them for $600 million! http://www.chicagotribune.com/business/ct-biz-kellogg-buys-rxbar-20171006-story.html It just baffles me that something so simple could be worth...
by knightrider
Fri Dec 01, 2017 8:49 pm
Forum: Investing - Theory, News & General
Topic: bitcoin - is there any real value here or is it a pure Ponzi scam?
Replies: 236
Views: 18626

Re: bitcoin - is there any real value here or is it a pure Ponzi scam?

This joke says it all:

"Value of time spent understanding bitcoins exceeds the value of bitcoins"
by knightrider
Fri Dec 01, 2017 1:03 pm
Forum: Personal Consumer Issues
Topic: Price of haircut?
Replies: 194
Views: 10290

Re: Price of haircut?

In Chicago, $5 plus a few $ tip . See:

http://bettysandnicks.com/

Wish they were everywhere!
by knightrider
Thu Nov 30, 2017 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: Why should I donate to my alma mater?
Replies: 133
Views: 9345

Re: Why should I donate to my alma mater?

I feel same way too. What makes universities so special? Their registration as a 501(c)(3) organization? My understanding is that non-profits don't have to pay corporate income tax. Everything else is the same as any corporation. By this fact one can argue that for-profit corporations need your don...
by knightrider
Thu Nov 30, 2017 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Why should I donate to my alma mater?
Replies: 133
Views: 9345

Re: Why should I donate to my alma mater?

If it strikes you as bizarre if not tacky for a car dealership, bank or dentist office, etc. to ask you for a donation due to your prior business relationship, then you understand how I feel about donation requests from my alma mater. I feel same way too. What makes universities so special? Why do ...
by knightrider
Wed Nov 29, 2017 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone use 1 LLC for multiple income properties?
Replies: 8
Views: 878

Re: Anyone use 1 LLC for multiple income properties?

I would focus on getting good quality tenants and not waste time/money on LLC.. Real life is not like TV where everyone is out to sue you.. It seems to be a very American thing to invest in complex legal constructions in the hopes that will "protect you".
by knightrider
Wed Nov 29, 2017 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: Why should I donate to my alma mater?
Replies: 133
Views: 9345

Re: Why should I donate to my alma matter?

Most private colleges are not in a position to be too choosy about full-pay students, but have very limited financial aid funds, are in generally precarious shape, and would like to get as much "bang for the buck" for their scarce financial aid dollars. I thought all financial-aid is need-blind. Ad...
by knightrider
Wed Nov 29, 2017 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: Why should I donate to my alma mater?
Replies: 133
Views: 9345

Re: Why should I donate to my alma matter?

By the way, college admissions officers pay big fees to consultants who use econometric methods to predict which applicants will be most likely to donate generously after college graduation. Are you sure about this ? A significant percentage of students at top schools are south asian and asians. Th...
by knightrider
Wed Nov 29, 2017 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Why should I donate to my alma mater?
Replies: 133
Views: 9345

Why should I donate to my alma mater?

I graduated 20+ years ago and every year give a token $50-100. I do it mainly to add to their "participation numbers". I have no dreams/plans for my children to attend this school. I also do not keep in touch with any of my classmates, apart from a once every few years meetup... I was on a huge aid ...
by knightrider
Wed Nov 15, 2017 12:02 pm
Forum: Personal Consumer Issues
Topic: Paying for news?
Replies: 60
Views: 4052

Re: Paying for news?

Personally I don't understand how one even gets news through "Facebook". Every news site has a facebook page where they post all their articles. So just "like" their page to start seeing their articles in your newsfeed. You can also comment on the articles. I like reading the comments. And if you c...
by knightrider
Tue Nov 14, 2017 4:03 pm
Forum: Personal Consumer Issues
Topic: Best way to sell house contents
Replies: 19
Views: 2615

Re: Best way to sell house contents

Not sure if it was already mentioned, but try Facebook marketplace. It is getting more popular and rivals craigslist in my greater NY area. It is easier to post something ( fewer forms to fill out ).

I agree with others to donate everything under $50. I think goodwill even comes to your house.
by knightrider
Tue Nov 14, 2017 3:41 pm
Forum: Personal Consumer Issues
Topic: Tennis Rackets - Head Graphene XT vs Head Graphene Touch
Replies: 10
Views: 559

Re: Tennis Rackets - Head Graphene XT vs Head Graphene Touch

90% of racket features are just gimmicks. I say this as an engineer and having worked in a tennis store for some years part-time. They all come from the same factories in China and are all made from the same kind of materials. I would just buy previous years models. Nothing has changed in racket tec...
by knightrider
Tue Nov 14, 2017 10:25 am
Forum: Personal Consumer Issues
Topic: Paying for news?
Replies: 60
Views: 4052

Re: Paying for news?

How complex is it to type in your name, address and c/c number? For me it's a nuisance. Plus these sites sometimes require military strength passwords that expire every year or so. Some also require phone numbers for two-way authentication... I feel the onus is on the news sites to ask Facebook to ...
by knightrider
Tue Nov 14, 2017 9:59 am
Forum: Personal Consumer Issues
Topic: Paying for news?
Replies: 60
Views: 4052

Paying for news?

I get most of my news through Facebook by "liking" the various news outlets pages. I feel guilty not paying for any of it. Occasionally some news site will say I reached my 10 free articles /month limit and ask me to sign up for some $1/month subscription. I have no problem paying that but it is suc...
by knightrider
Mon Nov 13, 2017 3:07 pm
Forum: Personal Consumer Issues
Topic: Audiophile Headphones
Replies: 31
Views: 2567

Re: Audiophile Headphones

knightrider, My friend's son is a sound engineer. He uses the Sony MDR series for sound editing work. KlangFool I am sure lots of sound engineers use Sony products. But I doubt you will find any famous ones using them. As I said before, they do not have a good reputation in the audiophile community...
by knightrider
Mon Nov 13, 2017 2:41 pm
Forum: Personal Consumer Issues
Topic: Audiophile Headphones
Replies: 31
Views: 2567

Re: Audiophile Headphones

Check out headphones by Grado . I have the SR80-e which is $99. I would avoid anything by Sony. Most audiophiles look down on those kind of popular brands...
by knightrider
Tue Nov 07, 2017 3:01 pm
Forum: Personal Consumer Issues
Topic: Can I install Linux on a 10-year old netbook?
Replies: 16
Views: 667

Re: Can I install Linux on a 10-year old netbook?

You need to be running a 2.4 GHz Wi-Fi network with legacy 802.11g mode support. Or maybe the network card or something else is dead, if it really sees nothing. That's the issue, not the OS. You are probably right . It won't stay connected to my phone's hotspot ( Samsung J4 from Verizon ). It works...
by knightrider
Tue Nov 07, 2017 1:11 pm
Forum: Personal Consumer Issues
Topic: Can I install Linux on a 10-year old netbook?
Replies: 16
Views: 667

Can I install Linux on a 10-year old netbook?

My netbook is 10 years old and is still running Windows XP. But it no longer can connect to WiFi networks. I presume it is because it's not compatible with the new WiFi standards. So I was thinking to wipe it clean with a fresh install of Linux. Will this work? Or will I run into the same issue sinc...
by knightrider
Mon Nov 06, 2017 2:32 pm
Forum: Personal Consumer Issues
Topic: Anyone understand Permanent Press washing machine cycle?
Replies: 7
Views: 827

Anyone understand Permanent Press washing machine cycle?

Every washing machine has it , but nobody seems to really know what it does. Apparently it reduces wrinkles. Has anyone verified it actually works? I would think you would still have to iron, so who cares if it has less wrinkles? Plus most people wear wrinkle-free clothing these days. So it seems po...
by knightrider
Mon Nov 06, 2017 2:22 pm
Forum: Personal Consumer Issues
Topic: Climate controlled cars - Useful or Useless?
Replies: 49
Views: 2202

Climate controlled cars - Useful or Useless?

After 15+ years of driving a car with manual temperature control, I bought a 2-zone climate controlled car. To be honest, I find the system very annoying to use . It is too complicated for what it is trying to achieve . It operates like a black box so I have no idea what it is really doing. For exam...
by knightrider
Mon Oct 09, 2017 10:42 am
Forum: Personal Consumer Issues
Topic: What to do with unused paint?
Replies: 38
Views: 2556

Re: What to do with unused paint?

List in the Free section of Craigslist. +1 . I give away all my junk this way. 90% gets picked up in a day! Here's a template I use for my ads to minimize work: First-come, First-served. Just email me a few specific times you can come. Please also read this information below, otherwise I will ignor...
by knightrider
Thu Oct 05, 2017 1:22 pm
Forum: Personal Consumer Issues
Topic: How do you value your time?
Replies: 97
Views: 4302

Re: How do you value your time?

2080 is a 8 hour workday, 5 days a week, 52 weeks a year but does not subtract for holidays or vacation. I picked 2500 because I googled this topic and found this article that said to use 2500: http://jamesclear.com/value-of-time From the article: Let’s say you spend 10 hours per day either at work...
by knightrider
Thu Oct 05, 2017 10:13 am
Forum: Personal Consumer Issues
Topic: How do you value your time?
Replies: 97
Views: 4302

How do you value your time?

I'm the kind of person who parks a mile away to avoid paying $20 for parking. I recently got married so this behavior is creating a lot of conflict. My spouse believes in "paying for convenience". I need help in how to value my time so I can find some common ground with my spouse. If I take my annua...
by knightrider
Fri Sep 29, 2017 10:53 pm
Forum: Personal Consumer Issues
Topic: What will happen if I refuse to pay a medical bill?
Replies: 125
Views: 7958

Re: What will happen if I refuse to pay a medical bill?

Your situation is a perfect example of how we now need insurance to protect against misunderstood insurance! Insurance has become so complicated that not even the insurers understand what they are insuring!
by knightrider
Thu Sep 28, 2017 9:21 am
Forum: Personal Consumer Issues
Topic: $700 to install a dishwasher seem by a plumber?!
Replies: 65
Views: 4784

Re: $700 to install a dishwasher seem by a plumber?!

Also find out where is the main water shut off for your condo unit. The main shut off valve is outside the unit. Turning that off will turn off water to other units. I suppose that's why they want anything plumbing related to be done by licensed plumber. Anyways I talked to the condo management off...
by knightrider
Wed Sep 27, 2017 3:10 pm
Forum: Personal Consumer Issues
Topic: $700 to install a dishwasher seem by a plumber?!
Replies: 65
Views: 4784

Re: $700 to install a dishwasher seem by a plumber?!

celia wrote:
Wed Sep 27, 2017 2:10 pm
Do they require an electrician to install an oven or microwave? If not, it sounds like a condo board member is a plumber and is looking for more business.
They actually do require an electrician if the installer has to put in a new outlet ( if old one was hardwired ).
by knightrider
Wed Sep 27, 2017 1:27 pm
Forum: Personal Consumer Issues
Topic: $700 to install a dishwasher seem by a plumber?!
Replies: 65
Views: 4784

Re: $700 to install a dishwasher seem by a plumber?!

If it's a simple installation, likely replacing an existing appliance, I've seen the delivery person install it for free. So it isn't just free delivery, but also installation. Try Home Depot and Lowe's. Or does the $700 also include the price of the dishwasher? $700 is for labor only. Since it inv...
by knightrider
Wed Sep 27, 2017 12:57 pm
Forum: Personal Consumer Issues
Topic: $700 to install a dishwasher seem by a plumber?!
Replies: 65
Views: 4784

Re: $700 to install a dishwasher seem by a plumber?!

And like someone else said...they dont want the job. They jacked the price up so high that if you agree then they will do the work because there is no way they would pass up that much money for such a simple job that will take 30 minutes. This sound borderline unethical, i.e way overcharging someon...
by knightrider
Wed Sep 27, 2017 12:56 pm
Forum: Personal Consumer Issues
Topic: $700 to install a dishwasher seem by a plumber?!
Replies: 65
Views: 4784

Re: $700 to install a dishwasher seem by a plumber?!

bottlecap wrote:
Wed Sep 27, 2017 12:54 pm
How will the condo association know?

I would do the install myself, assuming you are physically able.

JT
Well if some water line breaks during their install, they will know and fine me out the wazoo!

Not interested in doing it myself.
by knightrider
Wed Sep 27, 2017 12:54 pm
Forum: Personal Consumer Issues
Topic: $700 to install a dishwasher seem by a plumber?!
Replies: 65
Views: 4784

Re: $700 to install a dishwasher seem by a plumber?!

8foot7 wrote:
Wed Sep 27, 2017 12:52 pm
They don't want the job.
Interesting. In that case why bother even replying to my inquiry? Or is $700 their "minimum"?
by knightrider
Wed Sep 27, 2017 12:46 pm
Forum: Personal Consumer Issues
Topic: $700 to install a dishwasher seem by a plumber?!
Replies: 65
Views: 4784

$700 to install a dishwasher seem by a plumber?!

Our run-of-the mill dishwasher needs replacing and our condo requires the installation be done by a licensed plumber. I sent photos to two different plumbers in Chicago. They both surprisingly quoted me $700! I could not believe why it was so high. In past I have it done for less than $150 by regula...
by knightrider
Wed Sep 27, 2017 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: I have an idea I want to bring to market
Replies: 30
Views: 1859

Re: I have an idea I want to bring to market

All these folks saying to patent it watch too much TV :-) . A patent won't stop anyone from copying it. People have this ego-inflating misconception that their idea is worth millions. The reality is that talk is cheap. Making money is all about execution.
by knightrider
Thu Sep 21, 2017 8:40 am
Forum: Personal Finance (Not Investing)
Topic: Who has needed to use their umbrella insurance?
Replies: 129
Views: 17238

Re: Who has needed to use their umbrella insurance?

Interesting recap of some actual claims.... http://www.galleninsurance.com/wp-content/uploads/2011/08/10-Actual-Claims-On-a-Personal-Umbrella-Policy.pdf I skimmed through these and I doubt they are real. They seem made up. Most are a case of being in the wrong place in the wrong time. In my opinion...
by knightrider
Wed Sep 20, 2017 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 711
Views: 51765

Re: Equifax customer information leak

But a company like Equifax should have multiple levels of security protection and inspection. I suppose so, but what about the many companies that can't afford this level of protection? For example many federal and state websites require entry of a lot of personal information. These sites look rath...
by knightrider
Wed Sep 20, 2017 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 711
Views: 51765

Re: Equifax customer information leak

Late to the thread, but here's my 2 cents: The media only focuses on the known data breaches. But what about the unknown ones, i.e where data is stolen but nobody in the company knows? My guess is this happens a lot more often than known ones. In digital theft, the original data is left intact. So n...
by knightrider
Fri Sep 15, 2017 9:46 am
Forum: Personal Consumer Issues
Topic: Should I upgrade an old but functional vanity?
Replies: 23
Views: 1507

Should I upgrade an old but functional vanity?

Should I replace this vanity with something modern? It is perfectly functional, just looks old. The faucet is from Kohler and works beautifully. My philosophy is "if it ain't broke, don't fix it". But then again I realize it might make my place harder to sell. So if I upgrade I get to enjoy somethin...
by knightrider
Fri Sep 15, 2017 8:48 am
Forum: Personal Consumer Issues
Topic: Recommend a DIY home improvement forum?
Replies: 3
Views: 708

Recommend a DIY home improvement forum?

Looking for one friendly to newbies and does not have a bazillion sub-forums! Also one where you can attach images directly to your post.
by knightrider
Wed Sep 06, 2017 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Wife believes 7+% returns from stock market are guaranteed
Replies: 64
Views: 6077

Re: Wife believes 7+% returns from stock market are guaranteed

Jags4186 wrote:
Wed Sep 06, 2017 11:11 am
What's the question?
if stock market guarantees 7+% returns then why do banks lend money to people at 4%?
by knightrider
Wed Sep 06, 2017 11:10 am
Forum: Personal Finance (Not Investing)
Topic: Wife believes 7+% returns from stock market are guaranteed
Replies: 64
Views: 6077

Wife believes 7+% returns from stock market are guaranteed

My wife and I argue a lot about how to invest our money. I am more conservative while she is riskier. Recently we bought a house with all cash. She thinks we should have got a mortgage and put our money in the stock market. My response is if stock market guarantees 7+% returns then why do banks lend...
by knightrider
Sun Sep 03, 2017 8:30 pm
Forum: Personal Consumer Issues
Topic: Central vacuum
Replies: 6
Views: 756

Re: Central vacuum

Nightrider, Most people would consider a "Central Vacuum System", a system that was built into the structure when the condo was built. The actual motorized vacuum device is usually located somewhere remote to the living quarters; (ie: attic, basement etc.). Coming from the motorized device will be ...
by knightrider
Sun Sep 03, 2017 12:37 pm
Forum: Personal Consumer Issues
Topic: Central vacuum
Replies: 6
Views: 756

Re: Central vacuum

Assuming it's in working order, you should maintain it even if you don't plan to use it. I assume that you have the typical wall outlets, and it would be a possible deduction if/when you or your heirs decide to sell the condo. It seems to be in working condition, but it is sitting unplugged in the ...
by knightrider
Sun Sep 03, 2017 12:08 pm
Forum: Personal Consumer Issues
Topic: Central vacuum
Replies: 6
Views: 756

Central vacuum

We just bought a condo that has a central vacuum sitting in the attic. Should I try and use it or give it away? I am happy with my roomba and cordless vacuums.
by knightrider
Fri Sep 01, 2017 9:05 pm
Forum: Personal Finance (Not Investing)
Topic: Aerospace Stress Engineer Salary History
Replies: 13
Views: 3238

Re: Aerospace Stress Engineer Salary History

I am a combination of ME and IT ( software development ) Year 1 - 54 k ( with Masters ) Year 17 ( today ) - 120k I've always been an individual contributor. Although my salary has doubled, using the rule of 72, the growth has been only ~4.5%/year . After adjusting for inflation the growth is minimal...
by knightrider
Fri Sep 01, 2017 8:47 pm
Forum: Investing - Theory, News & General
Topic: Robert Kiyosaki - rich dad, poor dad
Replies: 45
Views: 4783

Re: Robert Kiyosaki - rich dad, poor dad

I would recommend it for someone in their 20's who knows very little about personal finance and real estate. It's entertaining and fun to read.
by knightrider
Thu Aug 31, 2017 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Is my understanding of Unemployment insurance correct?
Replies: 12
Views: 1087

Re: Is my understanding of Unemployment insurance correct?

So your wife's Illinois company was allowing her to work remotely from New York and she resigned anyway? Personally I think that that would eliminate her eligibility. If her old company is willing to cooperate, the magic phrase that the unemployment bureau is looking for from them is "Laid off for ...