Search found 152 matches

by steelerfan
Mon Nov 20, 2017 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey says don't use credit cards, even if you pay them off
Replies: 161
Views: 9030

Re: Dave Ramsey says don't use credit cards, even if you pay them off

I followed DRs advice many years ago when I was in debt over $50K with a net worth in the red. DR taught me good financial principles like have an EF, spending less than you make, acting your wage, and yes, not to go into debt. He has many other principles as well. He is VERY debt adverse and hates ...
by steelerfan
Thu Nov 16, 2017 11:29 am
Forum: Personal Finance (Not Investing)
Topic: How much to charge for nanny services on New Year's Eve?
Replies: 29
Views: 1995

Re: How much to charge for nanny services on New Year's Eve?

When my wife was a nanny she had a flat fee of $250 for an overnight. Something to consider. I also agree that their ability to pay is meaningless. If they can't pay the rate that makes it worth it for you then they should watch their own kids or look elsewhere. I discussed an overnight with my wif...
by steelerfan
Thu Nov 16, 2017 11:05 am
Forum: Personal Finance (Not Investing)
Topic: How much to charge for nanny services on New Year's Eve?
Replies: 29
Views: 1995

Re: How much to charge for nanny services on New Year's Eve?

Why is ability for the customer to pay a certain rate even relevant? I could understand an attempt at selective pricing for a long term gig, but for a holiday evening I would go double time and call it a day. This is pretty standard practice for non-exempt hourly workers. My reference to "ability t...
by steelerfan
Wed Nov 15, 2017 4:13 pm
Forum: Investing - Help with Personal Investments
Topic: Why pay cash for a car?
Replies: 176
Views: 14241

Re: Why pay cash for a car?

The reason I pay cash for cars is because I got out of debt several years ago (minus the mortgage) at great sacrifice to my standard of living. Now, I pay cash for everything and I can sleep well at night knowing that whatever happens to my or DW's income, those cars are mine! I would never want to ...
by steelerfan
Wed Nov 15, 2017 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: What's the point of auto loan pre-approvals?
Replies: 12
Views: 1087

Re: What's the point of auto loan pre-approvals?

First time car buyer. I was pre-approved for a car loan up to $24k. However the credit union says they cannot give me a rate until I have the purchase order of the car. Asking around people in real life and the internet, most people say this is normal (some say this is trash and I need to go with a...
by steelerfan
Wed Nov 15, 2017 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: How much to charge for nanny services on New Year's Eve?
Replies: 29
Views: 1995

Re: How much to charge for nanny services on New Year's Eve?

I would not expect your wife to travel (even if it's close) on New Year's Eve to babysit. This is for one evening--to watch children. If she wants to earn some additional cash, could she do a flyer promoting her services for that evening only? As another person mentioned, charge a flat fee for the ...
by steelerfan
Wed Nov 15, 2017 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: How much to charge for nanny services on New Year's Eve?
Replies: 29
Views: 1995

Re: How much to charge for nanny services on New Year's Eve?

VegasBH wrote:
Wed Nov 15, 2017 9:33 am
Also if you’ve never worked with this person and they want you for a holiday I would have them pay in advance.
This is worth considering - thanks.
by steelerfan
Wed Nov 15, 2017 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: How much to charge for nanny services on New Year's Eve?
Replies: 29
Views: 1995

Re: How much to charge for nanny services on New Year's Eve?

Two ways to think about this: 1) What is the customer willing to pay? 2) What would your wife be happy making? $20 is definitely not too much of an increase from her regular rate. Especially for NYE. I’d suggest approach #2 if $20/hour is the most she has charged before. She’ll be happy to make tha...
by steelerfan
Wed Nov 15, 2017 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: How much to charge for nanny services on New Year's Eve?
Replies: 29
Views: 1995

Re: How much to charge for nanny services on New Year's Eve?

Wellfleet wrote:
Wed Nov 15, 2017 8:45 am
I am assuming this is for one night, how is it different than a babysitting gig? Submitting a resume for babysitting seems odd.

I'd be willing to pay overtime rates for that night.
To be fair, when my wife responded to the ad, she volunteered the information.
by steelerfan
Wed Nov 15, 2017 8:41 am
Forum: Personal Finance (Not Investing)
Topic: How much to charge for nanny services on New Year's Eve?
Replies: 29
Views: 1995

How much to charge for nanny services on New Year's Eve?

We live in the Savannah, GA area and my wife has been a professional nanny here for about 8 years. She is considering working on New Year's eve to bring in some extra cash. Her rate at her current position is $17.50/hr. She is thinking that $20.00/hr for New Year's Eve is probably fair. The customer...
by steelerfan
Tue Nov 14, 2017 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: Borrowing from parents - what interest rate?
Replies: 52
Views: 3524

Re: Borrowing from parents - what interest rate?

I am going to join the chorus that is singing, "Don't do this!"
by steelerfan
Tue Sep 26, 2017 3:17 pm
Forum: Personal Consumer Issues
Topic: Pay With Gasbuddy Card
Replies: 18
Views: 1269

Re: Pay With Gasbuddy Card

Too many better options. Not sure who this works out as a better deal for. Possibly people with poor credit and unable to get a card with rewards? Not likely any or the vast majority of people here, though. I am a DR guy who prefers not to use Credit Cards. I am currently using my bank's debit card...
by steelerfan
Tue Sep 26, 2017 2:28 pm
Forum: Personal Consumer Issues
Topic: Pay With Gasbuddy Card
Replies: 18
Views: 1269

Pay With Gasbuddy Card

Anyone using the Pay With Gasbuddy card yet? 5 cents off every gallon, connects to your bank account, not a credit card.
by steelerfan
Thu Sep 21, 2017 3:00 pm
Forum: Personal Consumer Issues
Topic: Vehicle Maintenance App
Replies: 14
Views: 1017

Re: Vehicle Maintenance App

I don't do it on my smart phone; but I created excel spreadsheet years ago for our cars, where I track expenditures for all routine and unscheduled maintenance, to include tires and batteries. Very helpful to have quickly discernible summary handy, instead of having to pore over the actual service ...
by steelerfan
Tue Aug 08, 2017 2:22 pm
Forum: Personal Consumer Issues
Topic: Help me pick a car
Replies: 54
Views: 4717

Re: Help me pick a car

Just have one shipped for a few hundred. If it's certified, you can take it to any Lexus (or even Toyota, I think) dealer for warranty service. Let someone else eat the depreciation for these great cars good for long lives with cheap maintenance and top-notch reliability. You could even go for the ...
by steelerfan
Tue Aug 01, 2017 12:12 pm
Forum: Investing - Help with Personal Investments
Topic: Do I Have Enough In My Emergency Fund?
Replies: 22
Views: 3069

Re: Do I Have Enough In My Emergency Fund?

OP,
Do you have debt?

A good rule of thumb is to pay off all non-mortgage debt first, then begin creating an EF of 3-6 months worth of expenses.
by steelerfan
Thu Jul 27, 2017 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: Car Loan vs Investments
Replies: 10
Views: 1153

Re: Car Loan vs Investments

Here is some advice DR might give: 1. Save and pay cash for a car. 2. Buy a car at least 2 yrs old - most of the depreciation occurs in the first couple of years. 3. Consider this rule of thumb: Add up the value of everything you own with a motor in it (cars, boats, lawn mowers, motorcycles). The su...
by steelerfan
Thu Jul 27, 2017 11:20 am
Forum: Personal Finance (Not Investing)
Topic: Is it still worth buying a house in a state with insane property taxes
Replies: 96
Views: 10056

Re: Is it still worth buying a house in a state with insane property taxes

There isn't enough information to properly answer your question. Do you have enough saved for a down payment? Are you interested in being a home owner? Do you plan to stay in the area for the long term? How much is rent for a home similar to the one you might buy? Can you afford to buy and still me...
by steelerfan
Thu Jul 27, 2017 11:13 am
Forum: Personal Consumer Issues
Topic: Help with negotiating neighbor/yard drainage costs
Replies: 24
Views: 1814

Re: Help with negotiating neighbor/yard drainage costs

As some here have indicated laws covering this situation vary. So I would start with finding our what the law says in your area. I used to live in Washington state and in the city that I lived the property owner was responsible for any drainage from his property to the neighbor's property.
by steelerfan
Thu Jun 29, 2017 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: Net worth - thanks to this site
Replies: 15
Views: 3783

Re: Net worth - thanks to this site

Great job! NW takes a lot of criticism on this site, but for me it is an encouragement when I see it graphed out. Hopefully I will hit the $500k mark by end of year!
by steelerfan
Mon Jun 26, 2017 12:59 pm
Forum: Personal Consumer Issues
Topic: Anyone else getting priced out of Volvo market?
Replies: 19
Views: 2138

Re: Anyone else getting priced out of Volvo market?

I would recommend a 2-3 year old, low mileage CPO.
by steelerfan
Tue Jun 06, 2017 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: Nanny or Afterschool Helper finding advice
Replies: 9
Views: 932

Re: Nanny or Afterschool Helper finding advice

DW is a Nanny. She uses care.com to find the next position.
by steelerfan
Fri May 26, 2017 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: Defer income - is it wise?
Replies: 6
Views: 1505

Re: Defer income - is it wise?

OP Here.

Thanks, everyone. The issue for him is that he needs the money to pay off debt. So, from your comments, he can conceivably bring home more if he defers some of his income to the next month. And it sounds like it is legal.

Thanks.
by steelerfan
Fri May 26, 2017 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: Defer income - is it wise?
Replies: 6
Views: 1505

Defer income - is it wise?

I have a friend who is seeking my advice when it comes to whether or not to defer part of his income to the next month. He is in sales so his monthly income varies between $2,000 and 10,000. When he earns $10,000, he frequently would defer part of it to the next month because he says he would pay a ...
by steelerfan
Wed May 24, 2017 2:20 pm
Forum: Investing - Help with Personal Investments
Topic: How to Invest Church Money
Replies: 54
Views: 4992

Re: How to Invest Church Money

Is the $200k for the building part of the $500k originally mentioned or an additional amount? With regards to buying the building, you should probably do a rent vs own analysis like an individual and treat the building funds like a down payment would be. We have a total of $500k in the bank. $200k ...
by steelerfan
Mon May 22, 2017 3:30 pm
Forum: Investing - Help with Personal Investments
Topic: How to Invest Church Money
Replies: 54
Views: 4992

Re: How to Invest Church Money

Thanks for all the advice so far. A little more background information might help. We are a very young church - we just got out of "mission" status 1 1/2 years ago. We currently rent our building but would eventually like to own our own. We are, however not in any hurry to do so. Our annual budget i...
by steelerfan
Mon May 22, 2017 2:40 pm
Forum: Investing - Help with Personal Investments
Topic: How to Invest Church Money
Replies: 54
Views: 4992

How to Invest Church Money

I am an Elder in our church and have been asked to inquire about investing a portion of the $500,000 we have sitting in a Savings Acct at our local bank. We do not use our savings much, in fact we would like to build on it. I was thinking that we could invest $250,000 and that would leave us 250K fo...
by steelerfan
Tue Mar 21, 2017 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: My son wants to move to Hong Kong
Replies: 35
Views: 5363

Re: My son wants to move to Hong Kong

OP Here.

Thanks everyone for your advice. I have read all your replies and PMs too. I feel much better equipped now to guide and advise my son through this - thanks to all of you.
by steelerfan
Mon Mar 20, 2017 9:10 am
Forum: Personal Finance (Not Investing)
Topic: My son wants to move to Hong Kong
Replies: 35
Views: 5363

My son wants to move to Hong Kong

So, I need some legal advice and I hope that someone here can offer it or point me in the right direction. My 27 yr old son is currently living at home and working full time at a low paying job. We live in the U.S. My son has fallen in love with a young women from Hong Kong who is a foreign student ...
by steelerfan
Wed Jan 18, 2017 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: How much to spend on a house?
Replies: 29
Views: 3903

Re: How much to spend on a house?

Another rule of thumb is mortgage no more than 25% of take home pay (pref after 20% down on a 15year fixed). I agree with this. But just to clarify I believe (I could be wrong) mhalley is referring to "monthly mortgage payment no more than 25% of monthly take home pay" In addition you sho...
by steelerfan
Fri Jan 13, 2017 9:54 am
Forum: Personal Finance (Not Investing)
Topic: Predicting future Net Worth
Replies: 31
Views: 4809

Re: Predicting future Net Worth

Does that include all your assets? What sources of income are you counting on in retirement? SS? Pension? Other? A 4% SWR on $1M is $40k. Will that income stream be sufficient for your retirement expenses? What is your current annual budget/expenses? Yes - that includes all my assets. I plan to sel...
by steelerfan
Thu Jan 12, 2017 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: Auto Loan [vs. investing]
Replies: 41
Views: 3965

Re: Auto Loan [vs. investing]

I can't tell you what you should do, but if I were in your situation, I would pay cash. This is what I have done when purchasing my last two cars. But, I am very debt adverse and do not even own a credit card. I'm debt-averse and I own 6 credit cards! That's great. Many people don't have the self c...
by steelerfan
Thu Jan 12, 2017 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Predicting future Net Worth
Replies: 31
Views: 4809

Re: Predicting future Net Worth

OP here again. Thanks everyone for chiming in. I did visit the firecalc website but did not see anything about Net Worth projections. It looks to me that it would be very helpful in answering the question, "will my retirement money last as long as I do?" Maybe someone could help me if I mi...
by steelerfan
Thu Jan 12, 2017 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: Auto Loan [vs. investing]
Replies: 41
Views: 3965

Re: Auto Loan [vs. investing]

I can't tell you what you should do, but if I were in your situation, I would pay cash. This is what I have done when purchasing my last two cars.

But, I am very debt adverse and do not even own a credit card.
by steelerfan
Thu Jan 12, 2017 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Where do you keep your emergency fund?
Replies: 80
Views: 7840

Re: Where do you keep your emergency fund?

red_uu wrote:I am interested in an online savings account, just need something that lets me transfer money to checking account quickly and easily.

Recommendations for online savings accounts?

Thanks!


I use Radius Bank - 1% and I transfer to and from it regularly with my USAA accounts.
by steelerfan
Thu Jan 12, 2017 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Inquiring about family finances?
Replies: 46
Views: 4416

Re: Inquiring about familiy finances?

BlackStrat wrote:since he has time now, why not just give him a copy of the 'Bogleheads Guide to Investing'?


This is what I was thinking you should do. Now that he is retired he might have more time to read. Plus it is not you giving him advice - just a book on the subject.
by steelerfan
Thu Jan 12, 2017 11:30 am
Forum: Personal Finance (Not Investing)
Topic: Advice for home purchase
Replies: 6
Views: 658

Re: Advice for home purchase

My advice would be more in line with Dave Ramsey: 1) Start with a solid money foundation. Before buying a home, you should pay off all of your debt, such as car payments, credit cards and student loans. You should also have 3–6 months of expenses in an emergency fund and save up at least 10–20% of t...
by steelerfan
Mon Jan 09, 2017 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Predicting future Net Worth
Replies: 31
Views: 4809

Re: Predicting future Net Worth

OP here. Thanks everyone for your input. So about 1/2 of my net worth is home equity and other property and the other half is in investments. So maybe the advice to split the difference between linear and exponential might be sound. I plan to update my spreadsheet annually, so it will become more ac...
by steelerfan
Mon Jan 09, 2017 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Predicting future Net Worth
Replies: 31
Views: 4809

Predicting future Net Worth

So, I have almost 8 years worth of net worth data, but would like the collectives' input on the best and most accurate way to predict future net worth growth. I have used Excel to do a Linear prediction and an Exponential prediction of each year from 2018 through 2026 (the year I want to retire). Wi...
by steelerfan
Mon Mar 03, 2014 2:38 pm
Forum: Personal Consumer Issues
Topic: [POLL] What do Bogleheads DRINK?
Replies: 71
Views: 5931

Re: [POLL] What do Bogleheads DRINK?

Flashes1 wrote:American craft beer is my preferred liquid.


:beer - had a couple Stone IPAs this past weekend!
by steelerfan
Fri Feb 28, 2014 1:49 pm
Forum: Personal Consumer Issues
Topic: Poll: Which car loan?
Replies: 17
Views: 1507

Re: Poll: Which car loan?

I guess I'm a simpleton because being a person that is risk/debt adverse, I would save up and pay cash for the car.
by steelerfan
Tue Feb 11, 2014 3:35 pm
Forum: Personal Consumer Issues
Topic: $25K Budget for a Fun Car
Replies: 64
Views: 9278

Re: $25K Budget for a Fun Car

Here is a 2007 Mercedes-Benz SLK350 Convertible for $22,992 with only 43K miles:

http://www.autotrader.com/cars-for-sale ... 8100&Log=0

I believe it checks most of the OP's boxes.
by steelerfan
Fri Feb 07, 2014 8:35 am
Forum: Personal Consumer Issues
Topic: $25K Budget for a Fun Car
Replies: 64
Views: 9278

Re: $25K Budget for a Fun Car

DTSC wrote:I thought a 2012 Mazdaspeed3 would be a fun car. Zoom-zoom and all that.


He has this very car as his daily drive - I believe the OP is looking for something more!
by steelerfan
Thu Feb 06, 2014 2:53 pm
Forum: Personal Consumer Issues
Topic: $25K Budget for a Fun Car
Replies: 64
Views: 9278

Re: $25K Budget for a Fun Car

kerplunk wrote:You could get a late 2000s Porsche Boxster. I've had two. Very fun.

I agree. Here is a fine example:

http://www.autotrader.com/cars-for-sale ... 2991&Log=0
by steelerfan
Fri Jan 31, 2014 3:54 pm
Forum: Investing - Help with Personal Investments
Topic: Should I open a Vanguard IRA in addition to employer plans?
Replies: 29
Views: 2995

Re: Should I open a Vanguard IRA in addition to employer pla

As indicated earlier, you are confusing much of your terminology which leads me to believe you don't have a firm understanding of investing - which is fine. i wish I had gotten interested in this stuff when i was your age! I read "Mutual Funds for Dummies" as a primer. You may want to chec...
by steelerfan
Fri Jan 31, 2014 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: Another term life question
Replies: 8
Views: 702

Re: Another term life question

If you haven't already, you might want to check out the Boglehead Wiki on the subject. There is a chart there to guide you.

http://www.bogleheads.org/wiki/Life_Insurance
by steelerfan
Fri Jan 31, 2014 11:26 am
Forum: Personal Finance (Not Investing)
Topic: Another term life question
Replies: 8
Views: 702

Re: Another term life question

I am no insurance expert, but know that others on this forum are. I do think that income information on both you and your husband is necessary to give advice and also whether you have a mortgage or not.
by steelerfan
Fri Jan 31, 2014 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Sell house or not?
Replies: 4
Views: 771

Re: Sell house or not?

I am very debt adverse, so my advice would be to stay in the house for now and to temporarily eliminate your contributions to retirement and use that money plus $9k of the E.F. to pay off non-mortgage debt as quickly as possible. Then once you are completely debt free (except for the house) build th...
by steelerfan
Thu Jan 30, 2014 10:01 am
Forum: Personal Consumer Issues
Topic: Expatriation or International Snowbirding
Replies: 40
Views: 4918

Re: Expatriation or International Snowbirding

How do people deal with mail while on extended travel? A friend just returned from an extended trip to learn that his mail had been returned to sender with a notation that he had moved with no forwarding address provided. One of the utility companies was kind enough to call him and tell him that th...
by steelerfan
Tue Jan 28, 2014 10:20 am
Forum: Personal Consumer Issues
Topic: Expatriation or International Snowbirding
Replies: 40
Views: 4918

Re: Expatriation or International Snowbirding

DW and I are considering downsizing and spending time overseas - Belize, Coasta Rica, Panama, etc... after I retire in 12 years or so. We get International Living published by K. Peddicord as well. I agree - a lot of hype and not sure if she is completely trustworthy or not.