Search found 916 matches

by renue74
Fri Dec 15, 2017 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Should I open a fitness center for extra money?
Replies: 37
Views: 2627

Re: Should I open a fitness center for extra money?

I've worked for YMCA clients since 2005. We make custom software and websites for this industry. The costs you indicate are low and as others had said, the culture of the gym is based upon the owner/manager. Why go to your gym when Planet Fitness is charging $10/month and giving their customers pizz...
by renue74
Wed Dec 13, 2017 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Rental properties, legal structure
Replies: 4
Views: 408

Re: Rental properties, legal structure

RE: Management fee. In my state, a property manager is a state licensed career....just like a general contractor. Your state may very. Also, I found that my local banks won't loan to LLCs AND if you buy a property in your name (with a mortgage) and try to change deed into your LLC, the mortgage hold...
by renue74
Wed Dec 13, 2017 9:55 am
Forum: Investing - Help with Personal Investments
Topic: I'm sure you've seen this.
Replies: 4
Views: 907

Re: I'm sure you've seen this.

I've dabbled for over a year...with only a few hundred dollars invested. Made 3x or 4x more than initial investment. I really never paid it any attention other than buying bitcoin in my coinbase account and was actually going to use it for amazon purchases, but forgot about it. My kids have asked ab...
by renue74
Wed Dec 13, 2017 8:57 am
Forum: Investing - Help with Personal Investments
Topic: Anyone own property used solely for Airbnb?
Replies: 9
Views: 1053

Re: Anyone own property used solely for Airbnb?

I have a house that I have been rehabbing for the last 10 months. It's a 3bed/2bath 2 blocks from a small college in town. I had considered converting it to an AirBNB property because there are a ton of weekend sports teams who come to our town for softball and soccer. (Kids and parents)...and the h...
by renue74
Tue Dec 12, 2017 11:20 am
Forum: Personal Consumer Issues
Topic: Purchasing Airline Tickets
Replies: 31
Views: 2454

Re: Purchasing Airline Tickets

Sometimes I will piggyback a rewards flight to get to a gateway city to fly to my destination. For example, last spring break, there was a great deal $360 RT flights from NYC to Honolulu. Not very common around spring break weeks. So I took my two sons for the week. We are near Charlotte.....and I u...
by renue74
Sun Dec 10, 2017 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: 840 credit score Million dollar farm.. low income cannot get Heloc?
Replies: 64
Views: 4494

Re: 840 credit score Million dollar farm.. low income cannot get Heloc?

A few years ago, I started buying rental properties. Not many...3 or 4. But, I found that after the first couple, banks told me my debt to income ratio was too high and they couldn't lend. I'm a small business owner and my income fluctuates dramatically from year to year. My net worth is close to $2...
by renue74
Fri Dec 08, 2017 2:46 pm
Forum: Investing - Help with Personal Investments
Topic: Retire in my early 40s? Crazy or actually doable?
Replies: 71
Views: 8809

Re: Retire in my early 40s? Crazy or actually doable?

My question to you is "why" do you want to retire?

What will you do on Monday's at 10am?
by renue74
Thu Dec 07, 2017 11:12 am
Forum: Investing - Theory, News & General
Topic: When Bitcoin blows-up
Replies: 55
Views: 4244

Re: When Bitcoin blows-up

BTW, my 15 year kid texted me this morning and said, "he dad can I buy some bitcoin?" So...there's that. You know it's bad with the teenagers are speculating. If your 15yr old has income (mowing lawns or whatever) would you let them invest in btc or individual stocks or other risky ventures? My kid...
by renue74
Thu Dec 07, 2017 10:37 am
Forum: Investing - Theory, News & General
Topic: When Bitcoin blows-up
Replies: 55
Views: 4244

Re: When Bitcoin blows-up

Nobody I know owns bitcoin. I bought some over the last 2 years. (less than $500) and sold it over the last 6 months. I don't think there will be tons of collateral damage from a potential bitcoin fall. I'm assuming it's coming...but when is another matter. BTW, my 15 year kid texted me this morning...
by renue74
Wed Dec 06, 2017 10:41 am
Forum: Investing - Help with Personal Investments
Topic: Anyone mirror AA acorss multiple accounts ?
Replies: 23
Views: 1562

Re: Anyone mirror AA acorss multiple accounts ?

I'm not sure mirroring is the best solution. My wife and I have 10 accounts and I keep a detailed Google sheet of the portfolio separated by account, but in my sheet, I identify stock/bond funds, and international. Part of the sheet then displays our % asset allocation based on those 3 identifiers. ...
by renue74
Mon Dec 04, 2017 10:29 pm
Forum: Personal Consumer Issues
Topic: Europe Suggestions
Replies: 44
Views: 2772

Re: Europe Suggestions

It depends on what your family likes. Museums, history, churches, art, sports, hiking, foodies? Maybe get some feedback from your family to see what their expectations are. One of the most common things folks do when visiting Europe is packing too much into a trip. Doing too many things. The Rick St...
by renue74
Mon Dec 04, 2017 8:08 pm
Forum: Personal Consumer Issues
Topic: selling an older car on eBay-no bites!
Replies: 65
Views: 4641

Re: selling an older car on eBay-no bites!

Craig's List. Have sold two cars on Carigslist - both with fully disclosed engine problems. Very surprised (pleasantly) that there is a market for cars with bad engines. +1 I sold a crappy VW Passat station wagon on CL a few years ago. Every time I would go to the VW dealership to get something fix...
by renue74
Thu Nov 30, 2017 9:37 pm
Forum: Personal Consumer Issues
Topic: Negotiating used car - Toyota Highlander
Replies: 32
Views: 1923

Re: Negotiating used car - Toyota Highlander

If your Quest hasn't blown up on the side of the road, what's the rush? Take your time and keep shopping till you find a better Highlander at a price you think is fair. with 2018 hitting lots, there should be bunch of nice trades coming in. :) The Quest has blown up...almost. Last week, we had $100...
by renue74
Wed Nov 29, 2017 5:03 pm
Forum: Personal Consumer Issues
Topic: Negotiating used car - Toyota Highlander
Replies: 32
Views: 1923

Re: Negotiating used car - Toyota Highlander

livesoft wrote:
Wed Nov 29, 2017 4:53 pm
You can get a used Lexus RX-350 for that price.

You are missing that things don't work out the way internet folks so they will.
:thumbsup But I thought the internet was full of only truth.
by renue74
Wed Nov 29, 2017 5:01 pm
Forum: Personal Consumer Issues
Topic: Negotiating used car - Toyota Highlander
Replies: 32
Views: 1923

Re: Negotiating used car - Toyota Highlander

mega317 wrote:
Wed Nov 29, 2017 4:58 pm
What did the other 2 dealers say?
Other 2 haven't come back yet.
by renue74
Wed Nov 29, 2017 4:52 pm
Forum: Personal Consumer Issues
Topic: Negotiating used car - Toyota Highlander
Replies: 32
Views: 1923

Negotiating used car - Toyota Highlander

I rarely, rarely buy cars. We tend to drive them until they fall apart. Both my wife and I own 2005 models. Anyways, her Nissan Quest is falling apart and we've looking at a midsize SUV, the Toyota Highlander. I've done some due diligence and have emailed 3 dealerships.....like I read here on Bogleh...
by renue74
Wed Nov 29, 2017 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: A good friend has nearly $1M in BitCoin what do I tell him?
Replies: 147
Views: 15247

Re: A good friend has nearly $1M in BitCoin what do I tell him?

Great! I'm in the same boat!!!! I put $20 into my Coinbase wallet in October. I'm up to $44....down to $30....up to $35.
by renue74
Wed Nov 29, 2017 10:46 am
Forum: Investing - Help with Personal Investments
Topic: Edward Jones trap
Replies: 45
Views: 5249

Re: Edward Jones trap

They didn't ask for your input. I have friends with EJ. If we ever bring it up during dinners, I always say EJ is a bad FA and that they pile on hidden fees that clients have difficulty finding. It never sways them. I'm just making small talk and know they won't ever move. It's like Hawaii Life on H...
by renue74
Tue Nov 28, 2017 1:57 pm
Forum: Investing - Help with Personal Investments
Topic: Divs and Cap Gains are killing me
Replies: 96
Views: 7660

Re: Divs and Cap Gains are killing me

Your taxes are rarely 100% of the dividends that you get. You seem to be a sophisticated investor. So you either pay taxes or sell the offending shares or donate lots to charity. What did I miss? 1+ I seem to remember complaining about paying taxes on $55K of dividends/cap gains about 2 years ago a...
by renue74
Mon Nov 27, 2017 1:59 pm
Forum: Personal Consumer Issues
Topic: best cordless drill??
Replies: 71
Views: 4307

Re: best cordless drill??

I like the Milwaukee, has a good balance in the hand, but is a bit more pricey than the competitors in the large box stores. 1+ I rehab homes for a "hobby," and use Milwaukee tools. Cordless saws, drills, etc. I treat them like crap. Drop them, over torque them, get chemicals on them, but they alwa...
by renue74
Mon Nov 27, 2017 1:49 pm
Forum: Personal Consumer Issues
Topic: I have Microsoft Office 2007. Should I upgrade?
Replies: 37
Views: 1868

Re: I have Microsoft Office 2007. Should I upgrade?

My small office would upgrade MSFT for Mac every time a new version would come out. In the past 3-4 years, I have more millennials in the office and they wouldn't touch a MSFT product. They use Google docs or Open Office (Open Source). I've switched a lot of my docs to Google docs. It takes some get...
by renue74
Tue Nov 21, 2017 2:58 pm
Forum: Personal Consumer Issues
Topic: Anyone "re-door" their kitchen cabinets?
Replies: 13
Views: 1559

Re: Anyone "re-door" their kitchen cabinets?

3/4" MDF 4x8 sheets cost $40/sheet and 1/2" MDF 4x8 sheets cost $30/sheet at Home Depot. I'm going to re-door some cabinets (white shaker) I bought from craigslist to put into a rehab I'm working on. There are a ton of Youtube videos and I have the saws/router table, etc. to do the work. It sounds l...
by renue74
Tue Nov 21, 2017 2:37 pm
Forum: Investing - Theory, News & General
Topic: Dropping Term Life Insurance When Hitting Your Number
Replies: 30
Views: 3442

Re: Dropping Term Life Insurance When Hitting Your Number

For me term life is not about hitting my number, but more about keeping my wife and two kids (15 & 12) safe upon my demise. Once the children are out of the house and the house is paid for, I was assume my term life policy would be useless for us. It's basically for income replacement, but expenses ...
by renue74
Mon Nov 20, 2017 11:10 pm
Forum: Personal Consumer Issues
Topic: Want to build dream workshop/garage, but don't know how to start
Replies: 50
Views: 3127

Re: Want to build dream workshop/garage, but don't know how to start

All great suggestions so far. I'll suggest something you may not think about...start a Pinterest board.

Every little detail you find, you can Pin it and revisit it during design. You'll find that you don't like things you thought you did months ago. But your board is a great visual.
by renue74
Thu Nov 16, 2017 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: Christmas Vacation on a budget
Replies: 16
Views: 1770

Re: Christmas Vacation on a budget

I'll offer something different. I follow many travel tips websites on twitter and every few days they'll share really low airfare deals. (The Flight Deal is the one I see most). But the deal is: • You have to be super flexible. Only a few flights at X discount. • You have to jump on the deal quickly...
by renue74
Tue Nov 14, 2017 10:33 am
Forum: Personal Consumer Issues
Topic: Looking for a Catamaran
Replies: 21
Views: 1783

Re: Looking for a Catamaran

I bought a monohull 23' Oday about 10 years ago. I loved it, took sailing lessons, and moored it at a lake about 80 minutes from my house (in-laws lake house). The first few years, we spent a lot of weekends there sailing and enjoying the water, but as my interests and my family's interest changed/d...
by renue74
Mon Nov 13, 2017 8:50 am
Forum: Personal Finance (Not Investing)
Topic: Metlaw - Hyatt Legal
Replies: 5
Views: 534

Re: Metlaw - Hyatt Legal

Our company used to have a prepaid legal service back in the early 2000s. The few times we used them, they screwed up the names of the people involved or didn't do what they were supposed to do as far as drafting the appropriate documents. Just wasn't a good experience any time we used them. This wa...
by renue74
Fri Nov 10, 2017 3:11 pm
Forum: Personal Consumer Issues
Topic: Maximizing use of electrician - outlet repair/upgrades
Replies: 20
Views: 1492

Re: Maximizing use of electrician - outlet repair/upgrades

The 2014 NEC (Electrical Code) now requires AFCI breakers AND GFCI outlets in the kitchen and bathrooms (AFCIs only for the rest of the living areas). AFCI breakers are basically mini-GFCI's at the breaker...so it's like 2x protection. The problem is, AFCI seems to be really finicky. I just installe...
by renue74
Fri Nov 10, 2017 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: Did you tell anyone you paid off your mortgage?
Replies: 338
Views: 37806

Re: Did you tell anyone you paid off your mortgage?

How do you even bring that up in conversation?!?!? We typically don't even talk about money with our friends. I'm 43 and I think we're slated to pay off our mortgage in 3 years....right before our oldest goes to college. I'm not really sure I have anybody I know who cares I paid it off. The problem ...
by renue74
Fri Nov 10, 2017 10:25 am
Forum: Investing - Help with Personal Investments
Topic: Buying bitcoin / Cryptocurrency to market cap (.3%)
Replies: 42
Views: 3374

Re: Buying bitcoin / Cryptocurrency to market cap (.3%)

For reference, I'm 32, not in the tech field. My computer's GPU at home is mining away... I'm curious...from what I've read, it's only a good idea to mine Bitcoin in an area with low cost Kw/h energy. China, Iceland, etc. I think I did read an article about a guy in the pacific NW who was mining a ...
by renue74
Fri Nov 10, 2017 10:21 am
Forum: Personal Consumer Issues
Topic: 450,000 American Airlines MILES gifted to me - how to book
Replies: 25
Views: 2398

Re: 450,000 American Airlines gifted to me - how to book

I've gotten plenty of tickets for my family and employees using my AA air miles. Never any problems at the gate or ticket counter check-in. I just make sure I get the full name as appears on driver's license and double/triple check the date of birth of whomever I'm getting the ticket for. When I get...
by renue74
Wed Nov 08, 2017 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: Inexpensive house or condo as home base (MKE?)
Replies: 39
Views: 4121

Re: Inexpensive house or condo as home base (MKE?)

Have you looked at housing in Thailand or Bali? Yes, in Thailand. And what did you conclude? I follow a guy on youtube from NC who moved to Thailand 2 years ago. The guy pays about $500/month for a decent apartment. Yes...in Thailand, you can find super cheap housing, but to be honest, I could prob...
by renue74
Wed Nov 08, 2017 6:51 pm
Forum: Personal Consumer Issues
Topic: DIY vs work extra and pay a pro
Replies: 37
Views: 2892

Re: DIY vs work extra and pay a pro

I read a lot of the posts above and noticed the "stress" buzz word. I own rental properties and am in the middle of a 10 month rehab (taking down to the studs) on a 80 year old house. For me, doing work around the house is a hobby....a labor of love. 90% of the weekends for the last 10 months, I've ...
by renue74
Tue Nov 07, 2017 2:22 pm
Forum: Personal Consumer Issues
Topic: Coffee makers: Moka, French Press, etc.
Replies: 64
Views: 5114

Re: Coffee makers: Moka, French Press, etc.

Thanks to another post on this forum, I bought a moka pot earlier this year. I'm not a huge coffee drinker. My wife uses the Kuerig. But, I bought the moka pot and a very small hand held bean grinder. I think it's more of a travel grinder, but it works great. I use the Lavazza Super Krema beans and ...
by renue74
Tue Nov 07, 2017 10:34 am
Forum: Personal Consumer Issues
Topic: Fair Price for a Kitchen Remodel
Replies: 37
Views: 3623

Re: Fair Price for a Kitchen Remodel

The building industry is booming these days. I'm rehabbing (taking down to the studs) an old 1935 craftsman bunglow in the southeast and have been working on it for 10 months. I end up doing a lot of work myself and on the weekends. (Youtube is my best friend) You can't find subs to do the work for ...
by renue74
Mon Nov 06, 2017 3:23 pm
Forum: Personal Consumer Issues
Topic: Mold Discovered in Potential House Purchase
Replies: 27
Views: 2880

Re: Mold Discovered in Potential House Purchase

If you like the house and want to make the offer, make it with the contingency the buyers remedy the mold issue and also have your home inspector re-inspect for the remedy to ensure it was performed correctly. As long as the cause of the mold is fixed and the existing mold is abated, you have no iss...
by renue74
Mon Nov 06, 2017 1:56 pm
Forum: Personal Consumer Issues
Topic: Projector Setup in Basement
Replies: 24
Views: 1472

Re: Projector Setup in Basement

About 7 or 8 years ago, we revamped our basement. We have a drop ceiling and I ran the HDMI cable and bought a $900 BenQ 1080 project. Got a mount for about $50. We also did the electrical ourselves. The wall is about 16' from the projector and the image is 100" diagonal. Plenty large enough for a 2...
by renue74
Thu Nov 02, 2017 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Side Hustle
Replies: 10
Views: 1714

Re: Side Hustle

• Amazon FBA Reseller

• Blog w/ Google Adsense (Research the best markets such as student loan debt)....run Facebook ads to drive traffic to your site.) I actually had a client quit his day time job because he was making $200K to $300K per year doing this.

• Photography (Xmas, family, pet, etc.)
by renue74
Wed Nov 01, 2017 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: Inexpensive house or condo as home base (MKE?)
Replies: 39
Views: 4121

Re: Inexpensive house or condo as home base (MKE?)

How much stuff do you have? Could you not store it with family? I read a blog about a retired couple who traveled all the time using AirBnB, Homeaway, etc. "Nomadic retirees." Why not look for a super cheap state with no state taxes and home base there? Somewhere near a major airport. I'm not sure h...
by renue74
Thu Oct 26, 2017 1:27 pm
Forum: Investing - Help with Personal Investments
Topic: Index investing is boring
Replies: 63
Views: 5747

Re: Index investing is boring

In addition to index investing, I have some rental houses, seller financed notes, and some personal promissory notes. Every month I have to chase down the people who owe me money, while I look at my Vanguard account and don't do that much work. You could take all your money and invest in other things.
by renue74
Wed Oct 25, 2017 7:06 am
Forum: Personal Consumer Issues
Topic: Do I Need a Chimney Cap?
Replies: 28
Views: 2029

Re: Do I Need a Chimney Cap?

We live in the Southeast. In 2002, when we bought our house, we had bats in our chimney. Exterminator came out and fixed that issue and urged us to get a chimney cap. We did and all is well.

I would suggest you get one.
by renue74
Wed Oct 25, 2017 6:49 am
Forum: Personal Finance (Not Investing)
Topic: Pivoting a small business
Replies: 4
Views: 654

Re: Pivoting a small business

Thank you all for the info. Good encouragement and good information.

I'm going to lay out some potential scenarios, discuss with my wife, and go from there. The one thing I definitely know is that I need a change.
by renue74
Tue Oct 24, 2017 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: Pivoting a small business
Replies: 4
Views: 654

Pivoting a small business

I've worked/own the same small marketing agency for 18 years. Over the years, I purchased it from my retired business partner. Small shop, 4 people...about $400K to $600K per year in revenue. Before that, I worked for only 2 other companies out of college in the late 90s. I'm 43. Lately, I've been n...
by renue74
Tue Oct 24, 2017 2:56 pm
Forum: Personal Consumer Issues
Topic: HELP! Possible Mold in House
Replies: 14
Views: 1618

Re: HELP! Possible Mold in House

Mold is the new asbestos. A trigger word that is set to trigger fear. Mold abatement is a pretty easy process, but before going that route, go to a big box store and get a mold test kit and send it away. In our upstairs, all around the wall edge, the carpet is darker. It's been like that forever. (W...
by renue74
Mon Oct 23, 2017 3:39 pm
Forum: Investing - Help with Personal Investments
Topic: Question : Paying off Mortgage
Replies: 26
Views: 2934

Re: Question : Paying off Mortgage

The only debts worth paying off early are revolving lines of credit and ones with really painful interest rates. HELOCs and checking-account linked lines of credits can be drawn against if you need the money again, so paying them down early hardly loses you any optionality. Actually, I'd be extreme...
by renue74
Sun Oct 22, 2017 7:55 pm
Forum: Personal Consumer Issues
Topic: Installing a slide inside a home?
Replies: 39
Views: 2873

Re: Installing a slide inside a home?

The presence of a slide would be off putting to me. You'll probably alienate at least 2 groups of people: #1 people with very small children who are afraid they will slide down unexpectly and #2 sensible people who have no children and don't see the fun in a slide. If you do install a slide, it shou...
by renue74
Wed Oct 18, 2017 3:18 pm
Forum: Personal Consumer Issues
Topic: Stains coming through white painted wood stair risers
Replies: 12
Views: 811

Re: Stains coming through white painted wood stair risers

It's tannin staining. You'll need to use a shellac or oil based primer for stubborn stains.

Visit a Sherwin-Williams or Ben Moore and tell them your issue. They'll provide a better primer than what you'll get at the big box stores.
by renue74
Wed Oct 18, 2017 10:36 am
Forum: Investing - Help with Personal Investments
Topic: bitcoin makes you rich
Replies: 49
Views: 4669

Re: anhybody buying bitcoin

Bitcoin is up 425% since January 1st. I had purchased some in April 2016 to use with a bitcoin only marketplace for Amazon products. I ended up leaving it in my Coinbase account and it went from $150 to $500 a few months ago. I sold it. The roller coaster of Bitcoin would be pure speculation. Plus, ...
by renue74
Tue Oct 17, 2017 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: how long did it take to get used to retirement
Replies: 105
Views: 10503

Re: how long did it take to get used to retirement

I'm 43 and a long way from retirement, but my business partner who retired about 5 years ago got antsy. He ended up volunteering with SCORE and used his background to help start up companies. I'm not going to comment on his effectiveness in this, but he does spend a lot of time doing it. If you're n...
by renue74
Mon Oct 16, 2017 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: Bonus pushed back - should I be annoyed?
Replies: 43
Views: 3430

Re: Bonus pushed back - should I be annoyed?

I own a very small business...4 people. Personally, I do give bonuses and its' based loosely on the past fiscal year performance of the company, the input and effectiveness of the employee, and our general company wellness. Say we had a great year in FY 16-17...but the last 4 months we've lost big c...