Search found 150 matches

by ERguy101
Fri Oct 25, 2019 6:39 pm
Forum: Personal Investments
Topic: Best Single Entity for Investments + Cash + Banking
Replies: 39
Views: 3222

Re: Best Single Entity for Investments + Cash + Banking

I use Fidelity for everything.
by ERguy101
Sat Sep 28, 2019 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Staying the course is so hard (support thread)
Replies: 141
Views: 15280

I feel guilty spending my money!

[Thread merged into here, see below. --admin LadyGeek] I really feel guilty. I'm a high income earner, around $45-55,000/month. My monthly expenses are around $10,000 (private school, my truck lease ($950), mortgage, all insurances, bills, child support, etc.), and I have really worked to reduce th...
by ERguy101
Wed Sep 25, 2019 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: Success stories of NOT buying more/too much house
Replies: 109
Views: 18468

Re: Success stories of NOT buying more/too much house

So, I recently fought house creep. What I did instead was spend about $12,000 doing some work to my house. I had a beautiful wetbar built, some large book cases, a beautiful built in closet for my bath towels, etc, and some custom drawers in my closet.
by ERguy101
Mon Sep 09, 2019 11:31 am
Forum: Personal Consumer Issues
Topic: Did I commit a tipping faux pas?
Replies: 99
Views: 11295

Re: Did I commit a tipping faux pas?

Restaurants kill me ... if I order a fancy bourbon or wine, and it's like $60-$70, so I really owe the Waitr $14 (20%) for serving me the overpriced spirit? My solution is to stop drinking at restaurants.
by ERguy101
Sat Aug 10, 2019 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Have you started a blog?
Replies: 32
Views: 2925

Re: Have you started a blog?

livesoft wrote:
Thu Aug 08, 2019 1:06 pm
Nobody reads anymore, so I started a YouTube channel.
Wait, did you really? I've literally been reading your posts for over a decade. I'd love to see your channel.
by ERguy101
Sat Aug 10, 2019 9:20 am
Forum: Personal Finance (Not Investing)
Topic: Real Estate Negotiation Came to a Halt
Replies: 67
Views: 5499

Re: Real Estate Negotiation Came to a Halt

I'm not sure $/sqft is really a valid metric to hang on. As you say, the lot is larger. But also, the size of the house makes a big diffrence. You wouldn't expect a huge 5 bedroom house to sell at the same $/sqft as a small 2 bedroom house even if everything else were identical. What does your real...
by ERguy101
Thu Jul 25, 2019 2:02 pm
Forum: Personal Consumer Issues
Topic: Plane maintenance - 6.5 hour delay - any recourse?
Replies: 51
Views: 4223

Re: Plane maintenance - 6.5 hour delay - any recourse?

I would have been more than happy with complementary cocktails.
by ERguy101
Mon Jul 22, 2019 11:09 pm
Forum: Personal Investments
Topic: Fidelity ZERO index funds in 401(k)
Replies: 7
Views: 850

Re: Fidelity ZERO index funds in 401(k)

If yours is a solo 401k @ Fidelity, I don't think you can use FZROX in it. It gives me an error when I try to buy it, but it lets me buy FZROX in any of my other brokerage, HSA, etc accounts @ Fidelity.
by ERguy101
Sun Jul 14, 2019 8:10 am
Forum: Personal Consumer Issues
Topic: "Objective" Importance of Keeping Your Physicians?
Replies: 63
Views: 5376

Re: "Objective" Importance of Keeping Your Physicians?

It seems odd that for one of the most important things in your life : your whole body - that you don’t really care about who does what. However, people seem to highly prize a plumber or a mechanic - if there is a place to make an error, I would it rather be with my car or my plumbing than with my b...
by ERguy101
Tue Jul 09, 2019 3:05 pm
Forum: Personal Consumer Issues
Topic: Buying a Smoker
Replies: 118
Views: 7993

Re: Buying a Smoker

Hey!

I am a super avid meat smoker...

Kamado Joe, or a Yoder. Buy both :)
by ERguy101
Tue Jul 09, 2019 5:24 am
Forum: Personal Investments
Topic: Anyone itching to dabble in crypto?
Replies: 46
Views: 3357

Re: Anyone itching to dabble in crypto?

I was about to say that I think the biggest opportunity in cryptocurrency would be to start your own currency, but on second thought the time for that is probably long past. From reading this thread, is the only reason people start alternative coins is because everyone will invest in them hoping it...
by ERguy101
Sun Jul 07, 2019 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Staying the course is so hard (support thread)
Replies: 141
Views: 15280

Re: Staying the course is so hard (support thread)

I wanted to thank you all for the advice and wisdom you have offered. I've read through this thread multiple times now. I went back and gave the expensive house a second look, and I thought long and hard about it. The mortgage would put me an extra half a million into debt, and trying to pay that of...
by ERguy101
Fri Jul 05, 2019 11:25 pm
Forum: Personal Finance (Not Investing)
Topic: Staying the course is so hard (support thread)
Replies: 141
Views: 15280

Re: Staying the course is so hard (support thread)

What is a DBP? thank you It's a defined benefit plan, it's basically a way for people to sock away an extra $XXX number of dollars, tax defered, for retirement. The amount you put away per years depends on your income, but it can save a ton in taxes per year. I think the plans are setup to hold lik...
by ERguy101
Thu Jul 04, 2019 2:20 am
Forum: Personal Finance (Not Investing)
Topic: Staying the course is so hard (support thread)
Replies: 141
Views: 15280

Re: Staying the course is so hard (support thread)

OP, you said you work over 300 hours a month and you get 15 days off a month. How is it possible? That works out to be over 20 hours of work a day? If 300 hours is more evenly distributed, that is still a ton of hours. Something like 70 hours a week. I am a surgeon and I work somewhere between 35 h...
by ERguy101
Wed Jul 03, 2019 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Staying the course is so hard (support thread)
Replies: 141
Views: 15280

Re: Staying the course is so hard (support thread)

Question, whats the legal thing with child support if my income goes down, for example if I worked only 144 hours and made significantly less, or if I retired, would child support legally be able to go down? Wait, so your child support is based upon you working 300hrs/month? I'm certain every state...
by ERguy101
Wed Jul 03, 2019 9:23 am
Forum: Personal Finance (Not Investing)
Topic: Staying the course is so hard (support thread)
Replies: 141
Views: 15280

Re: Staying the course is so hard (support thread)

From one ED doc to another, don't buy the doctor house. Your 720K/year income can front load the path to financial independence at an incredible rate. Good luck Isn't it hard to not "keep up with the Jonses"? All I hear about is Dr Xxx is building a 4000 sq ft home in this neighborhood, or this one...
by ERguy101
Wed Jul 03, 2019 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Staying the course is so hard (support thread)
Replies: 141
Views: 15280

Re: Staying the course is so hard (support thread)

I'd sell the 2,400-sf house and buy a 1,200-sf house and try to retire in eight years. My daughter just finished her first year of college and has spent exactly three nights with us this summer. Honestly, I thought about this. The rental house I almost bought was like 1600 sqft, all new, beautiful,...
by ERguy101
Wed Jul 03, 2019 9:11 am
Forum: Personal Finance (Not Investing)
Topic: Staying the course is so hard (support thread)
Replies: 141
Views: 15280

Re: Staying the course is so hard (support thread)

If you make 720k/yr, I don't understand why it will take you 13 years to retire. It should take much less than that unless you are having other budget problems. What are your current expenses, where is all that money going? BTW, I am very similar to you. Physician, 15 year mortgage, kid, with plans...
by ERguy101
Wed Jul 03, 2019 7:50 am
Forum: Personal Finance (Not Investing)
Topic: Staying the course is so hard (support thread)
Replies: 141
Views: 15280

Staying the course is so hard (support thread)

Hi all - I'm trying my best to stay the course. I'm 38, I'd love to retire in 13 years. I say 13 years because my mortgage (15 year bi-weekly payments) finishes then, and thats the same time my kid turns 18, so no more child support, and she'll have a healthy 529 by then. I'm trying to stay the cour...
by ERguy101
Mon Jul 01, 2019 7:35 am
Forum: Investing - Theory, News & General
Topic: So the year is officially half over
Replies: 32
Views: 3555

Re: So the year is officially half over

I have stayed the course better than any year previously, and trying to keep finding myself in scenarios where I just blow money like crazy. I almost got into residential real estate rentals but thankfully just put $35k into FRESX.
by ERguy101
Wed Jun 26, 2019 8:55 pm
Forum: Personal Finance (Not Investing)
Topic: Any insurance beating USAA?
Replies: 42
Views: 3413

Re: Any insurance beating USAA?

Geico for sure. Half the rate of USAA for me. Amazing service. Great website. I think USAA is just getting beat in every department now. I was 100% USAA, now I don't even have an account anymore.

Also, check out: https://www.gabi.com

It can shop your car insurance around.
by ERguy101
Wed Jun 26, 2019 9:21 am
Forum: Investing - Theory, News & General
Topic: Dave Ramsey says to give up employer 401K match to pay down debt
Replies: 148
Views: 9200

Re: Dave Ramsey now says to give up employer 401K match to pay down debt

anon_investor wrote:
Wed Jun 26, 2019 9:17 am
Yes, if you have some crazy interest payday loan of like 200%, but that's about it!
I need to get into this business!
by ERguy101
Wed Jun 26, 2019 9:20 am
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 690
Views: 70244

Re: Why are you NOT buying rental properties?

So, I was going to buy my first rental property. I ran all the numbers, things looked great. Made an offer, accepted. They wanted a pre-qual letter, whatever. I get the prequal and the interest rate is 5.75%! What on earth! It was because the property was an "investment" property. Apparently this is...
by ERguy101
Tue Jun 18, 2019 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 690
Views: 70244

Re: Why are you NOT buying rental properties?

My question is ... if rental properties are so amazing, why don't the banks, who give us 80% of the money for the purchase of these places, just buy them all, have their own management company, and just own the world?
by ERguy101
Mon Jun 17, 2019 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 690
Views: 70244

Re: Why are you NOT buying rental properties?

https://i.imgur.com/FvzrqEN.jpg I found this for sale.. Listed for $126,000, currently rents 3 of them at $450, one for $400, so $1750 a month, which more than satisfies the 1% rule. I mean they are total dumps.. But bringing $1750 a month is pretty [deleted -- mod oldcomputerguy] good. A 30 year n...
by ERguy101
Sun Jun 16, 2019 11:06 pm
Forum: Forum Issues and Administration
Topic: Why not add a "like" button to Boglehead posts?
Replies: 185
Views: 34739

A way to "thank" posts

[Thread merged into here, see below. --admin LadyGeek] Just curious if yall can do an addon where you can "thank" or "like" a post. So many posts here are excellent, and I want to tell the poster thank you, but it's overboard to write a whole post. A simple "Like" button would be great, and the "li...
by ERguy101
Sun Jun 16, 2019 11:05 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 690
Views: 70244

Re: Why are you NOT buying rental properties?

Yup, done right rentals are a part time job. BUT , they are a part time job where I am the boss, where I can't be fired, and where I have a lot of leeway to set my own hours. And, the hourly pay beats the stuffing out of most of the part time jobs available to retired people. Thank you for writing ...
by ERguy101
Wed Jun 12, 2019 7:41 pm
Forum: Personal Consumer Issues
Topic: 40+% increase in auto policy (GEICO) - normal?
Replies: 74
Views: 5222

Re: 40+% increase in auto policy (GEICO) - normal?

I've just read about some service called Gabi that can help you shop car insurance. I've never used it, and I don't know if it works. But you apparently give them your login and they scan your insurance and get you multiple other quotes.
by ERguy101
Tue Jun 11, 2019 7:21 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1210
Views: 149378

Re: Fidelity as a one stop shop

I've been "full Fidelity" for a few months now. I couldn't be happier! Not a single hiccup.
by ERguy101
Sat Jun 08, 2019 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: Where to Purchase Defined Benefit Plan
Replies: 15
Views: 1998

Re: Where to Purchase Defined Benefit Plan

I'm looking for other ways to put away retirement savings for tax deduction. I'm already maxing out a Solo 401(k) with both employee and employer contributions and plan to start a backdoor Roth this year. I was looking into defined benefit plans. I was going to get a quote from Vanguard, but I saw ...
by ERguy101
Thu Jun 06, 2019 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: Suggestions on fraudulent medical bill
Replies: 88
Views: 6513

Re: Suggestions on fraudulent medical bill

If a resident physician saw you or if the NP/PA was for the hospitalist group then it's fine. If as you said the NP was for the ER doc then you are right technically it's not ok. It's a bit odd that the ED NP and the ED doc would both see you and examine you...are you sure it was not the hospitalis...
by ERguy101
Thu Jun 06, 2019 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: Suggestions on fraudulent medical bill
Replies: 88
Views: 6513

Re: Suggestions on fraudulent medical bill

If a resident physician saw you or if the NP/PA was for the hospitalist group then it's fine. If as you said the NP was for the ER doc then you are right technically it's not ok. It's a bit odd that the ED NP and the ED doc would both see you and examine you...are you sure it was not the hospitalis...
by ERguy101
Fri May 24, 2019 7:29 pm
Forum: Investing - Theory, News & General
Topic: Is the housing market starting to collapse?
Replies: 122
Views: 13352

Re: Is the housing market starting to collapse?

On Long Island its a buyer's market in the $1M+ market. That cycle is coming to an end. I know of school districts on the north shore where you couldn't touch a 2 acre yard and house for under $2M. All day you see them at $1M now. And the taxes are $30K a year on those houses. That market is tankin...
by ERguy101
Wed May 22, 2019 6:39 am
Forum: Personal Finance (Not Investing)
Topic: Opening a Pediatric practice as a Pediatric Nurse Practitioner
Replies: 66
Views: 5180

Re: Opening a Pediatric practice as a Pediatric Nurse Practitioner

I work in healthcare and have been in the field for more than 15 years. In this regulatory, financial and competitive field, there is zero chance I would ever suggest that someone open up a small private practice. The sheer amount of money and time spent to meet government regulations, in itself, w...
by ERguy101
Wed May 22, 2019 6:33 am
Forum: Personal Finance (Not Investing)
Topic: Opening a Pediatric practice as a Pediatric Nurse Practitioner
Replies: 66
Views: 5180

Re: Opening a Pediatric practice as a Pediatric Nurse Practitioner

In my model, I can never be fired. I don't have some clipboard administrator standing over me telling me how many patients I need to see per hour. I get my share of the 15% of the associates' production. Yes, someone will buy my share when I retire in 9 years. And the real estate will continue to a...
by ERguy101
Wed May 22, 2019 6:21 am
Forum: Personal Finance (Not Investing)
Topic: Opening a Pediatric practice as a Pediatric Nurse Practitioner
Replies: 66
Views: 5180

Re: Opening a Pediatric practice as a Pediatric Nurse Practitioner

Retired MD here. My prior organization hired NPs in many specialties, peds included. No physician oversight needed or expected. Oregon is a very good environment for NPs; widely accepted by patients and physicians. A residency buddy and I set up our own private family practice back when we complete...
by ERguy101
Thu May 16, 2019 9:50 am
Forum: Investing - Theory, News & General
Topic: Amazon....we all have seen this before :)
Replies: 62
Views: 9308

Re: Amazon....we all have seen this before :)

(vs. $853k if you's picked VFINX instead) (n.b. - that 2341 isn't followed by a 'k') I see these calculations all the time, are they true? That a single $10,000 investment 44 years ago would be worth $853,000? Like you could have put $10,000 into an index fund, waited, and then you would have almos...
by ERguy101
Wed May 15, 2019 7:51 am
Forum: Personal Investments
Topic: Should I switch from Fidelity Total Market Index to a Vanguard Total Market ETF?
Replies: 9
Views: 1311

Re: Should I switch from Fidelity Total Market Index to a Vanguard Total Market ETF?

Hi all - I know that variations of this topic have been addressed ad nauseam, but I'm wondering if I should switch from FSKAX (Fidelity Total Market Index) to VTI (Vanguard Total Market ETF)? A year ago I invested 100K into FSKAX in a taxable account. I chose Fidelity mostly because there's an offi...
by ERguy101
Sat May 11, 2019 9:44 am
Forum: Investing - Theory, News & General
Topic: Crypto bulls are back. Are you getting in?
Replies: 278
Views: 25441

Re: Crypto bulls are back. Are you getting in?

Whatever happened to that database that was worth millions and like the guy who had the password died??
by ERguy101
Fri May 10, 2019 5:53 am
Forum: Personal Finance (Not Investing)
Topic: Are Defined Benefit Plans a rip off?
Replies: 58
Views: 10453

Re: Are Defined Benefit Plans a rip off?

Hi gasdoc, I came across your post here from 2017 by running a search for "defined benefit plan" Are you still a contributor? I am looking at setting up a defined benefit plan but saw you recommended not to if I have more then 10 years from retirement. I am 41 and max out my 401k/profit share every...
by ERguy101
Wed May 08, 2019 11:39 am
Forum: Personal Consumer Issues
Topic: Island life?
Replies: 54
Views: 7404

Re: Island life?

I dream of this... I frequently find myself browsing available condos in St Maarten, in the Caribbean... But then I think about if I moved everything there, and then that hurricane came like it did a couple of years ago, wipes the whole island out, no power, then you're stuck in a third world countr...
by ERguy101
Sun May 05, 2019 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4141
Views: 795043

Re: What's Your Credit Card Rewards Strategy?

So, in the last few months I did the Chase Sapphire Reserve, Chase Ink Business Cash, and CFU. I generated like 180,000 points, and just blew it all on a badass trip to Europe. Are there other options to keep generating Chase points? Or should I start the AMEX quadfecta to get all the bonuses and do...
by ERguy101
Sat Apr 27, 2019 9:49 pm
Forum: Personal Investments
Topic: pay down mortgage vs. invest in taxable?
Replies: 30
Views: 3355

Re: pay off mortgage vs. invest in taxable?

Edit: consider refinance to a 15-year if you are fully committed to paying it off. This is good advice. My mortgage company let me refinance to a 15 year loan, and then do biweekly payments so it pays off in like 12 years or something. Just by making the regular payment (my overall payment did go u...
by ERguy101
Fri Apr 26, 2019 7:57 am
Forum: Personal Finance (Not Investing)
Topic: Do I need title insurance?
Replies: 58
Views: 6803

Re: Do I need title insurance?

It is a scam in my opinion (at least the high price). An attorney typically is doing a title search so they should be liable. Also, the price here (Chicago) for it is ridiculous. Typically $600-$900 here for a typical place. As you said, rarely paid out and if they do, tends to not be on the whole ...
by ERguy101
Tue Apr 23, 2019 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 690
Views: 70244

Re: Why are you NOT buying rental properties?

I've toyed with the idea, although not very seriously. It would be nice to have a supplemental cash flow stream. I don't mind putting in some effort, but I am not at all a DIY handyman type, and I would not have patience with deadbeats who fail to pay rent or trash the place. I have friend, a finan...
by ERguy101
Fri Apr 19, 2019 7:50 pm
Forum: Personal Consumer Issues
Topic: Airbnb - Anyone running one?
Replies: 11
Views: 1930

Re: Airbnb - Anyone running one?

I did one. I hated it. Half of the renters were just helpless, the listing says no pets... so what do they do? They email "well MY dog is only xx pounds, can they come?" And you have 24 hours to answer or your listing gets dinged or something. You put max people as 4, so they email to ask if their 8...
by ERguy101
Wed Apr 17, 2019 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Question on compromised credit cards
Replies: 20
Views: 1295

Re: Question on compromised credit cards

My Chase Freedom Unlimited has been compromised twice in the 3 weeks I've had the card. Literally I only used it at Lowes and like for gas. I read they will sometimes just randomly generate a credit card number that "passes" whatever checksum test they have and try purchase with it. I don't know.
by ERguy101
Thu Apr 11, 2019 7:42 pm
Forum: Personal Finance (Not Investing)
Topic: Purchasing a rental house for ex-wife
Replies: 29
Views: 2832

Re: Purchasing a rental house for ex-wife

I don't think you can use the depreciation to reduce your income taxes. Your rental property depreciation can only be used to deduct your rental income because it is a passive activity. Even if you claim you are a "real estate professional" and that your losses are active, you still cannot deduct a...
by ERguy101
Thu Apr 11, 2019 6:32 pm
Forum: Personal Finance (Not Investing)
Topic: Purchasing a rental house for ex-wife
Replies: 29
Views: 2832

Re: Purchasing a rental house for ex-wife

You’re already paying her way too much. Why pay her more? No kid needs $2800/month. That is more than lots of families (5+ people) live on. I agree the child support is crippling, but it's actually low for what I should be paying, according to the income tables. We agreed to this number and signed ...
by ERguy101
Thu Apr 11, 2019 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: Purchasing a rental house for ex-wife
Replies: 29
Views: 2832

Purchasing a rental house for ex-wife

Bogleheads, I'm looking for advice and help with the numbers on a project I'm interested in. I'm divorced, maintain a good relationship with my ex-wife, and my kid lives with her. Same town. I pay $2800/month in child support, and have 13 years remaining of child support. I own a home, she owns a ho...