Search found 1622 matches

by mlebuf
Fri Apr 29, 2016 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: Degree, College and Career
Replies: 20
Views: 1579

Re: Degree, College and Career

Great suggestions by all here. I would just like to add a story about someone I met many years ago. Around 1970 I was a young university professor teaching Management and lived in an apartment. One day the air conditioning went out and the apartment manager called a repairman to check out the AC. He...
by mlebuf
Sat Apr 23, 2016 2:37 am
Forum: Personal Finance (Not Investing)
Topic: Tell Me I'm Stupid To Consider Quitting My Job and Moving
Replies: 163
Views: 41301

Re: Tell Me I'm Stupid To Consider Quitting My Job and Moving

Hi Random Poster, If you can't figure out where you want to settle and put down roots, why not go spend a few weeks/months living in places that interest you? You certainly can afford it and have plenty of time try different places. I have retired friend who is almost 30 years older than you. He and...
by mlebuf
Fri Apr 22, 2016 2:24 pm
Forum: Investing - Theory, News & General
Topic: James Dale Davidson's prediction of 2016 collapse
Replies: 42
Views: 3837

Re: James Dale Davidson's prediction of 2016 collapse

ATTENTION PLEASE: PAY NO ATTENTION TO ALL ECONOMIC FORECASTS. Economic forecasters don't know any more about the future than anyone else. If they did, they would have become rich long ago and wouldn't have to put out that drivel to make a buck. "Forecasting is very difficult, especially when it...
by mlebuf
Wed Apr 20, 2016 10:05 pm
Forum: Investing - Help with Personal Investments
Topic: What do you wish you had known in your early 20's?
Replies: 46
Views: 4146

Re: What do you wish you had known in your early 20's?

I addressed this very topic when I spoke to several hundred students at Arizona State University in 2014. I posted the outline of my remarks and heres the link: viewtopic.php?t=161092
by mlebuf
Wed Apr 20, 2016 1:02 am
Forum: Personal Finance (Not Investing)
Topic: Why am I still scared ? Is it actually normal ?
Replies: 59
Views: 6491

Re: Why am I still scared ? Is it actually normal ?

Hi Joyanni,

Go to this site, type in your net worth and see how it compares with others:
http://www.stackmeup.com/net-worth/aver ... -worth.php
You could have worse problems at 46. Count your blessings.
by mlebuf
Mon Apr 18, 2016 6:51 pm
Forum: Personal Consumer Issues
Topic: How To Stay Motivated in Employment When You Might Have Enough?
Replies: 71
Views: 7875

Re: How To Stay Motivated in Employment When You Might Have Enough?

Work is something that is so awful that you literally can't get anybody to do it unless you pay them money. If you have enough money so you don't need to keep working, quit and spend your time doing what you enjoy! Since when? Lots of people enjoy going to work. A lot of people don't. And for some ...
by mlebuf
Mon Apr 18, 2016 4:44 am
Forum: Personal Finance (Not Investing)
Topic: When was the most stressful financial time in your life?
Replies: 94
Views: 9932

Re: When was the most stressful financial time in your life?

What was the most stressful time in your life financially and what did you learn from it? What if anything did you change after that time in how you handled your finances? College. I don't want to ever be poor again. Make more money. Ditto. After getting out of grad school the rest was relatively e...
by mlebuf
Sun Apr 17, 2016 8:33 pm
Forum: Investing - Theory, News & General
Topic: What are Pros and Cons to the "Four Hour Workweek?"
Replies: 99
Views: 10524

Re: What are Pros and Cons to the "Four Hour Workweek?"

Here's a formula for the Zero Hour Work Week: 1. Get a good education in a marketable skill. 2. Go to work and make money. 3. Save and invest a healthy part of your paycheck, the more the better. You can invest in mutual funds, stocks, bonds, rental real estate or something that you have some knowle...
by mlebuf
Sun Apr 17, 2016 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: University of Virginia vs University of Miami
Replies: 130
Views: 7590

Re: University of Virginia vs University of Miami

If your son is bright enough to be accepted to UVA he will do well at either school and after he graduates. Have him spend a few days visiting both schools and pick the one where he feels most comfortable.
by mlebuf
Sun Apr 17, 2016 4:06 pm
Forum: Investing - Theory, News & General
Topic: "Bogle's Folly"
Replies: 28
Views: 4548

Re: "Bogle's Folly"

Hi Taylor,

Great article. Some folly. Better to enjoy the last smile than the first laugh.
by mlebuf
Sat Apr 16, 2016 12:29 pm
Forum: Investing - Help with Personal Investments
Topic: Magic Number? How much to save for retirement
Replies: 45
Views: 6044

Re: Magic Number? How much to save for retirement

Everybody wants to know how much is enough. A more important question is, "How much will you spend?" Neither question can be answered with precision because nobody knows the future. When someone asked John D. Rockefeller, "How much is enough?" he replied, "Just a little bit ...
by mlebuf
Fri Apr 15, 2016 10:54 pm
Forum: Investing - Help with Personal Investments
Topic: Now i get it - mortgage payoff
Replies: 35
Views: 5033

Re: Now i get it - mortgage payoff

A very good case can be made for paying off a mortgage when interest rates are high or when one is approaching or in retirement. However, with interest rates now being near historic lows, a good case can be made for getting/keeping a fixed-rate mortgage. Rates are under 4 percent. Inflation will lik...
by mlebuf
Fri Apr 15, 2016 1:13 am
Forum: Personal Consumer Issues
Topic: My neighborhood is too quiet (and no kids)
Replies: 44
Views: 4546

Re: My neighborhood is too quiet (and no kids)

Too quiet? Our neighborhood is very quiet. I don't know why. We have families of all ages but it's still quiet and that's one thing I love about it. Be careful what you wish for.
by mlebuf
Wed Apr 13, 2016 1:33 am
Forum: Personal Finance (Not Investing)
Topic: How do you find more satisfaction while living below your means?
Replies: 52
Views: 4067

Re: How do you find more satisfaction while living below your means?

When I was 35 someone told me that it takes 15 years to become an overnight success. I was university professor and decided to supplement my income by writing books, speaking and consulting. I lived on my university salary and saved the bulk of my second income. Writing can be a grind so I did rewar...
by mlebuf
Wed Apr 13, 2016 1:03 am
Forum: Local Chapters and Bogleheads Community
Topic: 50,000 Members
Replies: 26
Views: 2392

Re: 50,000 Members

When you stop and think about it, 50,000 members isn't all that surprising, given that Vanguard is now the largest mutual fund company in the world. As more investors learn the benefits of DIY, low cost investing, the ranks of Bogleheads.org members will continue to grow. Special congratulations to ...
by mlebuf
Tue Apr 05, 2016 1:35 am
Forum: Investing - Theory, News & General
Topic: Tony Robbins Joins Advisory Firm
Replies: 27
Views: 3240

Re: Tony Robbins Joins Advisory Firm

Another perspective on Tony Robbins as an investment advisor: https://assetbuilder.com/knowledge-cent ... ment-guru-
by mlebuf
Mon Apr 04, 2016 1:40 am
Forum: Personal Consumer Issues
Topic: Author Advice - Advantages/Disadvantages of Co-author
Replies: 33
Views: 3093

Re: Author Advice - Advantages/Disadvantages of Co-author

UPDATE: Thank you LiveSimple for asking about an update (and Juper Jones). Having been through the process, I can say that Mel Lindauer's advice was truly wise! I just submitted the manuscipt for publication on March the 20th and it is now in the copyediting stage. It was a fun, creative, challengi...
by mlebuf
Sun Apr 03, 2016 8:08 pm
Forum: Investing - Theory, News & General
Topic: Tony Robbins Joins Advisory Firm
Replies: 27
Views: 3240

Re: Tony Robbins Joins Advisory Firm

Like him or not, he's a self-made man.
So was Hitler. Being self-made isn't necessarily a virtue.
by mlebuf
Sun Apr 03, 2016 2:47 pm
Forum: Investing - Theory, News & General
Topic: Tony Robbins Joins Advisory Firm
Replies: 27
Views: 3240

Re: Tony Robbins Joins Advisory Firm

Would YOU take financial advice from Robbins?? I'd sooner walk on hot coals. +1 The Tony is a great salesman. Would risk your money trusting someone who sold fire-walking seminars and is frequently seen on late night infomercials? There is good sound information and information that sounds good. Bo...
by mlebuf
Fri Apr 01, 2016 5:49 pm
Forum: Investing - Theory, News & General
Topic: Things I'm Pretty Sure About
Replies: 22
Views: 4161

Things I'm Pretty Sure About

That's the title of another great column from young Morgan Housel. He is wise far beyond his years. Enjoy.

http://www.fool.com/investing/general/2 ... lnk0000003
by mlebuf
Fri Apr 01, 2016 2:33 am
Forum: Investing - Help with Personal Investments
Topic: Thoughts on Indexed Annuity?
Replies: 31
Views: 1999

Re: Thoughts on Indexed Annuity?

In a single word - DON'T. Here's a Forbes column I did on these lousy products. While they're good for the salesman and good for the insurance company, they're not good for the buyer. But then the insurance folks would argue that "Two out of three ain't bad." Hopefully it will open your e...
by mlebuf
Thu Mar 31, 2016 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: Renting forever: financial suicide?
Replies: 135
Views: 20186

Re: Renting forever: financial suicide?

If you compare the net worth of homeowners with renters in retirement, homeowners come out far ahead. However, it's not because they are homeowners. Their net worth is higher because most of it is concentrated in the value of their home. Most homeowners and renters are notoriously poor savers. There...
by mlebuf
Fri Mar 25, 2016 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Financially, how have you done/doing vs. your parents?
Replies: 134
Views: 10257

Re: Financially, how have you done/doing vs. your parents?

... I consider myself very lucky. You aren't alone. No matter how hard we've worked and how well we planned, there is definitely a big dollop of luck involved. ( E.g. , even apart from the genetic intelligence lottery, if I had been the son of a bricklayer in Bangladesh rather than U.S., the odds o...
by mlebuf
Thu Mar 24, 2016 12:49 am
Forum: Personal Finance (Not Investing)
Topic: Financially, how have you done/doing vs. your parents?
Replies: 134
Views: 10257

Re: Financially, how have you done/doing vs. your parents?

I've done far, far better financially than my parents, largely due to getting a great education. They were born in the early 20th Century when few people went to college. My father had an 8th grade education and my mother was a high school graduate. Thanks to them, I had no student loan debt after g...
by mlebuf
Thu Mar 24, 2016 12:45 am
Forum: Personal Finance (Not Investing)
Topic: Financially, how have you done/doing vs. your parents?
Replies: 134
Views: 10257

Re: Financially, how have you done/doing vs. your parents?

Deleted due to double post. Mea culpa.
by mlebuf
Wed Mar 23, 2016 6:20 pm
Forum: Investing - Theory, News & General
Topic: ‘Rich Dad’ author says the 2016 market collapse is coming
Replies: 47
Views: 6974

Re: ‘Rich Dad’ author says the 2016 market collapse is coming

If Mr. Kiyosaki knows when the market is going to take huge tumble, he should be sitting in cash and jump in at the bottom. I suspect he's too busy selling snake oil to pay attention to such matters.
by mlebuf
Sun Mar 20, 2016 2:38 pm
Forum: Investing - Theory, News & General
Topic: Live long, spend freely
Replies: 32
Views: 6148

Re: Live long, spend freely

I second bradshaw. A "wild" guess on my part, is that when most Bogleheads will die, they'll make their descendants wealthy. I doubt that the great fear of living under a bridge or living in a cardboard box eating cat food will come to fruition for any Boglehead (unless drug addiction, al...
by mlebuf
Sun Mar 20, 2016 2:16 am
Forum: Personal Consumer Issues
Topic: Importance of parental involvement in education.
Replies: 31
Views: 2387

Re: Importance of parental involvement in education.

The best public schools are in locations where parents are seriously committed to seeing to it that their children get a great education. Look for a community where public schools score high on student achievement tests and parents are involved. Another idea: Look for a place with a good charter sch...
by mlebuf
Sat Mar 19, 2016 8:57 pm
Forum: Investing - Theory, News & General
Topic: Live long, spend freely
Replies: 32
Views: 6148

Live Long, Spend Freely

That's the title of another great article by Scott Burns. When one puts the "Four Percent Rule" for spending in retirement next to the odds of living to age 95, a good case can be made that it's sometimes wise to spend more. https://assetbuilder.com/knowledge-center/articles/live-long-spen...
by mlebuf
Sat Mar 19, 2016 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: Early Retirees - What triggered you to retire?
Replies: 96
Views: 9893

Re: Early Retirees - What triggered you to retire?

If you dislike your job and can afford to retire, why are you still working? Once retired you have complete control over your time, the most precious, finite resource that nobody can buy. The reason why I retired, and very early, was simple: I enjoyed having complete control over my time much more t...
by mlebuf
Sat Mar 19, 2016 3:55 pm
Forum: Personal Consumer Issues
Topic: Dishwasher recommendation.
Replies: 44
Views: 2952

Re: Dishwasher recommendation.

We replaced our KitchenAid dishwasher with a Bosch about 2 years ago. Great choice, incredibly quiet. A third bonus is that I'm a ham radio operator and there's no radio interference. Many of today's new energy saving appliances generate RFI.
by mlebuf
Sat Mar 19, 2016 2:20 am
Forum: Personal Finance (Not Investing)
Topic: Millionaire Next Door and Budgeting
Replies: 81
Views: 8873

Re: Millionaire Next Door and Budgeting

I never have had a budget and am not about to begin this late in life. However, I always saved a part of every paycheck after I completed my education. When my earnings were modest, I saved modest amounts. When I had big windfalls, I saved/invested most of what I earned. For years I have recorded 3 ...
by mlebuf
Tue Mar 15, 2016 8:12 pm
Forum: Personal Finance (Not Investing)
Topic: Recommend a personal finance talk radio show.
Replies: 38
Views: 3941

Re: Recommend a personal finance talk radio show.

Bob Brinker and Don McDonald are my favorites for investing. Clark Howard is great for consumer/personal finance topics.
by mlebuf
Tue Mar 15, 2016 7:47 pm
Forum: Investing - Theory, News & General
Topic: How have your homes as investments done?
Replies: 154
Views: 10803

Re: How have your homes as investments done?

Like most homes, our home has been a relatively poor investment. Bought it 20 years ago and today it's worth about double what we paid for it, according to Zillow. That's an average annual return of only about 3.5 percent before the costs of taxes, maintenance, mortgage interest, etc. are added in. ...
by mlebuf
Tue Mar 08, 2016 9:50 pm
Forum: Personal Consumer Issues
Topic: thinking of buying a car-Taylor
Replies: 7
Views: 1112

Re: thinking of buying a car-Taylor

Don't overlook the possibility of buying a good used car if your goal is to build wealth. This article contains some good tips:
https://assetbuilder.com/knowledge-cent ... ou-$100000
by mlebuf
Sun Mar 06, 2016 3:14 am
Forum: Investing - Help with Personal Investments
Topic: Can I afford LTC insurance given my unique circumstances?
Replies: 82
Views: 5148

Re: Can I afford LTC insurance given my unique circumstances?

mephistophles wrote:Just me, but I wouldn't use Suze Orman's advice on what kind of can opener to buy.


+1 :sharebeer
by mlebuf
Wed Mar 02, 2016 1:44 pm
Forum: Personal Consumer Issues
Topic: Is Working from Home the New Normal?
Replies: 57
Views: 5470

Re: Is Working from Home the New Normal?

I spent all of my career years working from home at least part of the time. When I taught college, I learned that I could prepare tests and lectures and do grading of tests and term papers much faster at home where I was free from interruptions. Later, I began writing books at home to supplement my ...
by mlebuf
Mon Feb 22, 2016 10:10 pm
Forum: Personal Finance (Not Investing)
Topic: Mr Money Mustache Article (New Yorker)
Replies: 94
Views: 12032

Re: Mr Money Mustache Article (New Yorker)

The thought just occurred to me that following the financial advice of Mr. Money Mustache is allowing him to dictate your financial and personal lifestyle on his terms. Some may enjoy supporting a family of 3 on $24,000 a year. However to many of us it probably seems more like rationalizing "po...
by mlebuf
Sat Feb 06, 2016 11:49 pm
Forum: Personal Finance (Not Investing)
Topic: Flagship Investor with 700 credit score ?
Replies: 52
Views: 6926

Re: Flagship Investor with 700 credit score ?

Credit rating companies make mistakes. Almost 20 years ago I got a mail invitation inviting me to apply for a Costco credit card. I have no idea what my credit score was at the time. However I had a flagship portfolio and paid all credit card bills in full every month. The only debt I had at the tim...
by mlebuf
Fri Feb 05, 2016 2:38 am
Forum: Personal Finance (Not Investing)
Topic: What age did you retire
Replies: 84
Views: 6772

Re: What age did you retire

I retired from my day job as a university professor at age 47 after 20 years of service. However I took an unpaid leave in years 17 and 18. I had to teach in years 19 and 20 to draw an immediate pension and inexpensive health care for life. Otherwise, I would have left earlier. From ages 48-53, I fr...
by mlebuf
Fri Feb 05, 2016 2:31 am
Forum: Personal Finance (Not Investing)
Topic: Retirees: What percentage of your expenses are covered by SS and/or pensions
Replies: 84
Views: 5868

Re: Retirees: What percentage of your expenses are covered by SS and/or pensions

Every year I keep a record of total spending on everything including taxes. Last year, Social Security and pensions were 46 percent of total spending. Neither of us has had a day job in over 20 years.
by mlebuf
Tue Feb 02, 2016 1:52 am
Forum: Investing - Theory, News & General
Topic: Charles Ellis' suggested portfolios by age
Replies: 53
Views: 4496

Re: Charles Ellis' suggested portfolios by age

I see nothing wrong with Charles Ellis's advice for asset allocation. I'm almost 74 and have a 50-50 asset allocation. A late friend and mentor who wrote a number of personal finance books kept a 60 percent stocks, 40 percent bonds portfolio for life and left a sizable estate at age 91. When all is ...
by mlebuf
Sun Jan 31, 2016 4:16 pm
Forum: Personal Consumer Issues
Topic: Buy a TV Warranty?
Replies: 32
Views: 1893

Re: Buy a TV Warranty?

Several points: 1. In 2013 I learned that the price of Best Buy extended warranties can be negotiable. I agreed to purchase a 90 inch TV and the sales manager offered me a 5-year warranty for $500. I declined. Then, he said he really thought it was important for me to have a warranty and offered it ...
by mlebuf
Sun Jan 31, 2016 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Public school or private school (with school data)
Replies: 90
Views: 5396

Re: Public school or private school (with school data)

My kids attend public school. They are in grades 5 and 6. The school district is in a relatively affluent area. Spending per student and teacher pay at our district is among the top districts in the state. The district high school is in the top 3-4% in the state based on the US News/Newsweek best h...
by mlebuf
Fri Jan 29, 2016 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: Just not interested any more [in investing]
Replies: 42
Views: 7480

Re: Just not interested any more [in investing]

II guess the whole Boglehead goal is to spend less time worrying about investing etc...and more time living your life....I get that...I didn't expect to become so disinterested in everything finance / investing related. Is this a bad thing? Bad thing? No, it's a very good thing. It means that you h...
by mlebuf
Fri Jan 29, 2016 1:07 am
Forum: Personal Consumer Issues
Topic: Printer suggestions?
Replies: 24
Views: 1822

Re: Printer suggestions?

Last year I asked a very similar question on this forum. I was looking for recommendations for a all-in-one device. I got lots of good suggestions. Based on recommendations and reviews I bought an Epson Work Force WF-4630 and I am very happy with it. Got a great deal on it from Best Buy, something l...
by mlebuf
Mon Jan 25, 2016 10:05 pm
Forum: Local Chapters and Bogleheads Community
Topic: Happy Birthday Taylor!
Replies: 87
Views: 4340

Re: Happy Birthday Taylor!

Happy Birthday Taylor! About 15 or so years ago, I sent you an article I read online about someone in Miami who was 100 years of age and attributed their longevity to their doctor. I jokingly suggested that you look into seeing that doc. Did you take it seriously? :happy Wishing you a great journey ...
by mlebuf
Sun Jan 24, 2016 1:29 am
Forum: Personal Consumer Issues
Topic: What 55" TV to Buy
Replies: 51
Views: 3508

Re: What 55" TV to Buy

In slightly over 2 years we purchased 4 HDTVs: a 90" Sharp, a 32" Samsung, a 46" Sony and a 65" Samsung. All have great pictures. Other than size, it's hard to say if one has a better picture than the other. They all look great. However, when you buy the TV, I recommend doing the...
by mlebuf
Wed Jan 20, 2016 4:56 pm
Forum: Personal Consumer Issues
Topic: Warm vacation in January.
Replies: 20
Views: 2384

Re: Warm vacation in January.

Maybe Hawaii is the right answer. I want to go somewhere that a two week trip is not too much. I think Belize, Aruba, PR are not those types of places. Each island in Hawaii offers something different. I have been to Oahu (Honolulu), Maui, Lanai, and Kauai. Honolulu is a metropolitan city with high...

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