Search found 120 matches

by A7las
Sat Jan 09, 2021 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: Help me with my plan after college
Replies: 27
Views: 1409

Re: Help me with my plan after college

I would recommend this order: 1: Emergency fund the size of your deductibles 2: 401k contribution up to employer match (check for roth option. Even though you don't intend to be there for 5 years you would kick yourself if you did and missed out on 5 years of matching) 3: Pay extra towards debt (Hig...
by A7las
Wed Dec 30, 2020 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to build an $850,000 house
Replies: 90
Views: 6125

Re: Can we afford to build an $850,000 house

No. IMO, you are behind in your savings and your income can potentially be cut in half. Have you also accounted for day care and savings for college for your 3 children? What is your income trajectory in the next 4-5 years? As others have stated, you need to account for up to 30% in costs due to ma...
by A7las
Tue Dec 29, 2020 2:56 am
Forum: Personal Finance (Not Investing)
Topic: Can we afford to build an $850,000 house
Replies: 90
Views: 6125

Re: Can we afford to build an $850,000 house

Bogleheads, My spouse and I have been looking at building a home and the contractor gave us a final proposal at $850k including the land acquisition. Emergency funds: Three months expenses Debt: His car $5,000 Tax Filing Status: Married with 3 kids Tax Rate: 24% Federal, 9.3% State State of Residen...
by A7las
Tue Dec 29, 2020 1:26 am
Forum: Personal Finance (Not Investing)
Topic: Can we afford to build an $850,000 house
Replies: 90
Views: 6125

Re: Can we afford to build an $850,000 house

Bogleheads, My spouse and I have been looking at building a home and the contractor gave us a final proposal at $850k including the land acquisition. Emergency funds: Three months expenses Debt: His car $5,000 Tax Filing Status: Married with 3 kids Tax Rate: 24% Federal, 9.3% State State of Residen...
by A7las
Mon Dec 28, 2020 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to build an $850,000 house
Replies: 90
Views: 6125

Re: Can we afford to build an $850,000 house

How much do you currently pay in rent, and what are your monthly living expenses including rent? Reasons I wouldn't: a. A custom build that you aren't close to being able to fund with 100% cash sounds crazy to me. The final cost, build time, and a dozen other variables are all moving targets. I als...
by A7las
Mon Dec 28, 2020 9:28 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to build an $850,000 house
Replies: 90
Views: 6125

Re: Can we afford to build an $850,000 house

What will the property taxes plus insurance cost be? That would be a determining factor. Around here that alone would make a home of that stature cost prohibitive to own long term. -TheDDC Property taxes are around 1.2 - 1.3% Insurance would be around $180 per month That is pretty cheap insurance f...
by A7las
Mon Dec 28, 2020 7:57 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to build an $850,000 house
Replies: 90
Views: 6125

Re: Can we afford to build an $850,000 house

The difference between what you pay now vs mortgage on the 850k house seems big... is the current place much smaller? You mentioned your work from home space is subpar. What would it cost to move to a larger rental where you could have a dedicated working space? It seems that from what I’ve read, I...
by A7las
Mon Dec 28, 2020 7:43 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to build an $850,000 house
Replies: 90
Views: 6125

Re: Can we afford to build an $850,000 house

Technically the take home would be before investments...the 25% figure is so you have a good margin TO invest/save. As others have said I think a 15-20% overage on new construction over a contracted price is probably not too far off...I never wanted to believe it when others would say such a thing ...
by A7las
Mon Dec 28, 2020 6:55 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to build an $850,000 house
Replies: 90
Views: 6125

Re: Can we afford to build an $850,000 house

Net ...isn’t that about $3k? ...maybe push it out to 1.5 weeks max. If your rent is $1800 and double that won’t get you a crappy house in the worst neighborhood then I think the answer is pretty clear. Your rent is actually quite a bit cheaper than I thought it would be. After everything is taken o...
by A7las
Mon Dec 28, 2020 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to build an $850,000 house
Replies: 90
Views: 6125

Re: Can we afford to build an $850,000 house

Op you're doing very well for your age (we were once a 29yo couple with 3 kids at home, one income family). A lot will change as your family grows over the years and your career progresses. We also bought when current rent was fairly close to a house payment so not a lot of risk to our monthly budg...
by A7las
Mon Dec 28, 2020 6:44 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to build an $850,000 house
Replies: 90
Views: 6125

Re: Can we afford to build an $850,000 house

I agree it's too much. I would say that goes double if I am reading your post correctly that you're a single income household. It's one thing if you have two incomes to cushion the blow of unemployment but if you have all your financial eggs in one basket you have to be much more conservative, in m...
by A7las
Mon Dec 28, 2020 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to build an $850,000 house
Replies: 90
Views: 6125

Re: Can we afford to build an $850,000 house

Can we afford to build an $850,000 house Something to keep in mind is that a $850K house will likely cost a lot more than $850K before you can move in. Be sure that you know how much things like these will fit in your budget. 1) Cost overruns and closing costs. 2) Landscaping (often none or minimal...
by A7las
Mon Dec 28, 2020 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to build an $850,000 house
Replies: 90
Views: 6125

Re: Can we afford to build an $850,000 house

geerhardusvos wrote: Mon Dec 28, 2020 5:16 pm
A7las wrote: Mon Dec 28, 2020 4:02 pm
Income:
$140,000 Base
$80,000 Bonus / commission
$30,000 stock

Can we afford an $850k home?
Nope. I would go $500-$600,000 max.
Awesome,

Thank you
by A7las
Mon Dec 28, 2020 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to build an $850,000 house
Replies: 90
Views: 6125

Re: Can we afford to build an $850,000 house

How much do you currently pay in rent, and what are your monthly living expenses including rent? Reasons I wouldn't: a. A custom build that you aren't close to being able to fund with 100% cash sounds crazy to me. The final cost, build time, and a dozen other variables are all moving targets. I als...
by A7las
Mon Dec 28, 2020 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to build an $850,000 house
Replies: 90
Views: 6125

Re: Can we afford to build an $850,000 house

Geez. $3300/mo expenses on that income. I'd keep stacking the cash as high as the bunk beds can go in a small place. If you tough it out for 5 more years you could probably easily afford 850k by then + Market may be better suited for buyers. The problem is my home office is currently my bathroom co...
by A7las
Mon Dec 28, 2020 6:38 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to build an $850,000 house
Replies: 90
Views: 6125

Re: Can we afford to build an $850,000 house

kelway wrote: Mon Dec 28, 2020 4:59 pm If you have to ask, isn't the best answer no?
Probably haha

But not always
by A7las
Mon Dec 28, 2020 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to build an $850,000 house
Replies: 90
Views: 6125

Re: Can we afford to build an $850,000 house

20% down 15 year mortgage with monthly payment (including insurance and tax)no more than one weeks take home pay. Choose to not be house poor. A new build WILL have many extra expenses not figured in...we built. Sounds like a financial disaster waiting to happen. 1 weeks take home pay? Is this gros...
by A7las
Mon Dec 28, 2020 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to build an $850,000 house
Replies: 90
Views: 6125

Re: Can we afford to build an $850,000 house

20% down 15 year mortgage with monthly payment (including insurance and tax)no more than one weeks take home pay. Choose to not be house poor. A new build WILL have many extra expenses not figured in...we built. Sounds like a financial disaster waiting to happen. 1 weeks take home pay? Is this gros...
by A7las
Mon Dec 28, 2020 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to build an $850,000 house
Replies: 90
Views: 6125

Re: Can we afford to build an $850,000 house

How much do you currently pay in rent, and what are your monthly living expenses including rent? Reasons I wouldn't: a. A custom build that you aren't close to being able to fund with 100% cash sounds crazy to me. The final cost, build time, and a dozen other variables are all moving targets. I als...
by A7las
Mon Dec 28, 2020 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to build an $850,000 house
Replies: 90
Views: 6125

Re: Can we afford to build an $850,000 house

TheDDC wrote: Mon Dec 28, 2020 4:16 pm What will the property taxes plus insurance cost be? That would be a determining factor. Around here that alone would make a home of that stature cost prohibitive to own long term.

-TheDDC
Property taxes are around 1.2 - 1.3%
Insurance would be around $180 per month
by A7las
Mon Dec 28, 2020 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to build an $850,000 house
Replies: 90
Views: 6125

Re: Can we afford to build an $870,000 house

OMG, I cannot imagine financing that much house on just that income. The slightest thing goes wrong and you've got worries all around. I sure wouldn't do it. Plus there's a cost of what it won't let you do. When you have your current income largely servicing your house, there may be other things yo...
by A7las
Mon Dec 28, 2020 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to build an $850,000 house
Replies: 90
Views: 6125

Re: Can we afford to build an $870,000 house

59Gibson wrote: Mon Dec 28, 2020 4:09 pm No. Focus on building up retirement savings more. Only base pay is "guaranteed". With 3 kids at 29 too tight 850k will be a stressor. Take it slower the house will be there in 5-10 years. I'd say stay in the 500-550k range or rent.
Thank you
by A7las
Mon Dec 28, 2020 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to build an $850,000 house
Replies: 90
Views: 6125

Re: Can we afford to build an $870,000 house

TheLaughingCow wrote: Mon Dec 28, 2020 4:06 pm I wouldn't do it but it's certainly possible.
Thank you!
by A7las
Mon Dec 28, 2020 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to build an $850,000 house
Replies: 90
Views: 6125

Re: Can we afford to build an $870,000 house

Planner01 wrote: Mon Dec 28, 2020 4:09 pm A loan for $672k on a $220k salary (not counting stock options).... that’s a really big loan for your household salary. I would not do it.
We have 20% down
by A7las
Mon Dec 28, 2020 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to build an $850,000 house
Replies: 90
Views: 6125

Can we afford to build an $850,000 house

Bogleheads, My spouse and I have been looking at building a home and the contractor gave us a final proposal at $850k including the land acquisition. Emergency funds: Three months expenses Debt: His car $5,000 Tax Filing Status: Married with 3 kids Tax Rate: 24% Federal, 9.3% State State of Residenc...
by A7las
Wed Sep 16, 2020 11:54 pm
Forum: Personal Consumer Issues
Topic: Books or Courses on leadership that helped your career
Replies: 51
Views: 2746

Re: Books or Courses on leadership that helped your career

Never took any specific training, never read books on the subject. Never had a specific mentor. What I did do consciously was always accept invitations to go out to dinner or whatever after hours with more senior people while on travel. I learned quite a bit by being able to interact with them afte...
by A7las
Tue Sep 15, 2020 12:56 am
Forum: Personal Consumer Issues
Topic: Books or Courses on leadership that helped your career
Replies: 51
Views: 2746

Re: Books or Courses on leadership that helped your career

phxjcc wrote: Mon Sep 14, 2020 11:38 pm As an antidote to all the touchy-feely stuff...

It’s Called Work For A Reason by Winget.

As a new CxO I bought copies for all my direct reports.
Thank you,

This looks intriguing. I'll order a copy
by A7las
Mon Sep 14, 2020 10:16 pm
Forum: Personal Consumer Issues
Topic: Books or Courses on leadership that helped your career
Replies: 51
Views: 2746

Re: Books or Courses on leadership that helped your career

I have two pieces of advice. First, management and leadership are two different things. Just because you’re a manager doesn’t make you a leader. Second, don’t take any book or course as prescriptive. I’ve found most of them to range from decent to awful with most towards the awful side. At the same...
by A7las
Mon Sep 14, 2020 10:13 pm
Forum: Personal Consumer Issues
Topic: Books or Courses on leadership that helped your career
Replies: 51
Views: 2746

Re: Books or Courses on leadership that helped your career

Wings5 wrote: Mon Sep 14, 2020 3:44 pm I’ve found that focusing on followership has been valuable.

We spend most of our lives as followers, but focus heavily on leadership. If you want to lead, learning how and why you follow others can be just as insightful.
Thank you, this is terrific advice
by A7las
Mon Sep 14, 2020 1:57 pm
Forum: Personal Consumer Issues
Topic: Books or Courses on leadership that helped your career
Replies: 51
Views: 2746

Re: Books or Courses on leadership that helped your career

GeMoney wrote: Mon Sep 14, 2020 1:49 pm A Passion For Excellence by Tom Peters. There is a chapter called "Coaching" which was my bible when I first became a manager and beyond.
Thank you! I will order a copy!
by A7las
Mon Sep 14, 2020 1:56 pm
Forum: Personal Consumer Issues
Topic: Books or Courses on leadership that helped your career
Replies: 51
Views: 2746

Re: Books or Courses on leadership that helped your career

Radical Candor by Kim Scott and Good to Great by Collins are two practical books. Then the opportunity to practice, practice, practice in real world environment with mentors who allow you to “fail” or “fall short” then reflect upon it it a caring manner turn support you improve with continued faith...
by A7las
Mon Sep 14, 2020 1:55 pm
Forum: Personal Consumer Issues
Topic: Books or Courses on leadership that helped your career
Replies: 51
Views: 2746

Re: Books or Courses on leadership that helped your career

chw wrote: Mon Sep 14, 2020 12:53 pm Who Moved My Cheese. This book was very helpful in understanding how to adapt with change in the workplace which accelerated during the 90's, and has continued since.
Thank you! I was gifted a copy of this by my Mom who is a Senior Leader at her Fortune 500 company
by A7las
Mon Sep 14, 2020 1:53 pm
Forum: Personal Consumer Issues
Topic: Books or Courses on leadership that helped your career
Replies: 51
Views: 2746

Re: Books or Courses on leadership that helped your career

I was a prolific reader of management books early in my management career and continued reading about management topics du jour throughout my career. I cannot recall a single book on leadership that I read but I must have read some. Authors that had a great impact on my management included Peter Dr...
by A7las
Mon Sep 14, 2020 11:20 am
Forum: Personal Consumer Issues
Topic: Books or Courses on leadership that helped your career
Replies: 51
Views: 2746

Re: Books or Courses on leadership that helped your career

Various companies where I've worked have brought in training for managers. I have to say that they were all pretty cookie cutter "leadership skills" classes and probably added less than 1% to my capabilities, if that much. Two very practical exceptions: A weeklong program management basic...
by A7las
Mon Sep 14, 2020 9:13 am
Forum: Personal Consumer Issues
Topic: Books or Courses on leadership that helped your career
Replies: 51
Views: 2746

Re: Books or Courses on leadership that helped your career

Various companies where I've worked have brought in training for managers. I have to say that they were all pretty cookie cutter "leadership skills" classes and probably added less than 1% to my capabilities, if that much. Two very practical exceptions: A weeklong program management basic...
by A7las
Sun Sep 13, 2020 11:59 pm
Forum: Personal Consumer Issues
Topic: Books or Courses on leadership that helped your career
Replies: 51
Views: 2746

Re: Books or Courses on leadership that helped your career

Toastmasters, and seeking out public speaking opportunities. I have never attended Toastmasters but have heard it recommended by many before. I may have to look up my local chapter! There are likely to be several in your area. It is best to visit 2 or 3 different ones before settling on one to join...
by A7las
Sun Sep 13, 2020 11:58 pm
Forum: Personal Consumer Issues
Topic: Books or Courses on leadership that helped your career
Replies: 51
Views: 2746

Re: Books or Courses on leadership that helped your career

flaccidsteele wrote: Sun Sep 13, 2020 11:27 pm How to Win Friends and Influence People by Dale Carnegie
Thank you! A classic for sure
by A7las
Sun Sep 13, 2020 11:57 pm
Forum: Personal Consumer Issues
Topic: Books or Courses on leadership that helped your career
Replies: 51
Views: 2746

Re: Books or Courses on leadership that helped your career

Pizza_and_Beer wrote: Sun Sep 13, 2020 11:24 pm Extreme Ownership
The Dichotomy of Leadership


Both written by Jocko Willink and Leif Babin
Love these! I also have "Leadership Strategies & Tactics"
by A7las
Sun Sep 13, 2020 11:23 pm
Forum: Personal Consumer Issues
Topic: Books or Courses on leadership that helped your career
Replies: 51
Views: 2746

Re: Books or Courses on leadership that helped your career

zxllxz wrote: Sun Sep 13, 2020 11:10 pm BSA Woodbadge, also find a mentor in your business.
Appreciate the advice. My sons are too young for BSA currently. But I may have that opportunity in the future.
by A7las
Sun Sep 13, 2020 11:21 pm
Forum: Personal Consumer Issues
Topic: Books or Courses on leadership that helped your career
Replies: 51
Views: 2746

Re: Books or Courses on leadership that helped your career

krafty81 wrote: Sun Sep 13, 2020 10:59 pm Speed of Trust - Covey
Team of Teams - McChrystal
Thank you! I have heard of Speed of Trust but never Team of Teams. I'll order both.
by A7las
Sun Sep 13, 2020 10:43 pm
Forum: Personal Consumer Issues
Topic: Books or Courses on leadership that helped your career
Replies: 51
Views: 2746

Re: Books or Courses on leadership that helped your career

Other favorites are Often biographies Rather than business books, including a great one I’m reading now, “Grant” by Ron Chernow. Grant was an amazing leader, one that history has not given full credit. In six years, he went from failed store clerk to POTUS. I agree with this. You can learn a lot ab...
by A7las
Sun Sep 13, 2020 10:42 pm
Forum: Personal Consumer Issues
Topic: Books or Courses on leadership that helped your career
Replies: 51
Views: 2746

Re: Books or Courses on leadership that helped your career

Toastmasters, and seeking out public speaking opportunities. I have never attended Toastmasters but have heard it recommended by many before. I may have to look up my local chapter! There are likely to be several in your area. It is best to visit 2 or 3 different ones before settling on one to join...
by A7las
Sun Sep 13, 2020 10:24 pm
Forum: Personal Consumer Issues
Topic: Books or Courses on leadership that helped your career
Replies: 51
Views: 2746

Re: Books or Courses on leadership that helped your career

Getting Things Done by David Allen. I literally use the principles and techniques every day in my professional and personal life. Intuitive and powerful. I have this in my Audible que. I'll have to move it up and listen sooner. How have you implemented his system? I have heard people using binders ...
by A7las
Sun Sep 13, 2020 10:24 pm
Forum: Personal Consumer Issues
Topic: Books or Courses on leadership that helped your career
Replies: 51
Views: 2746

Re: Books or Courses on leadership that helped your career

Getting Things Done by David Allen. I literally use the principles and techniques every day in my professional and personal life. Intuitive and powerful. I have this in my Audible que. I'll have to move it up and listen sooner. How have you implemented his system? I have heard people using binders ...
by A7las
Sun Sep 13, 2020 10:22 pm
Forum: Personal Consumer Issues
Topic: Books or Courses on leadership that helped your career
Replies: 51
Views: 2746

Re: Books or Courses on leadership that helped your career

One of the first I read, and the only one that has remained on my shelf continually until today is “The Effective Executive” by Peter Drucker. Simple advice, that remains useful forever. Other favorites are Often biographies Rather than business books, including a great one I’m reading now, “Grant”...
by A7las
Sun Sep 13, 2020 9:26 pm
Forum: Personal Consumer Issues
Topic: Books or Courses on leadership that helped your career
Replies: 51
Views: 2746

Re: Books or Courses on leadership that helped your career

Ragman wrote: Sun Sep 13, 2020 8:20 pm Toastmasters, and seeking out public speaking opportunities.
I have never attended Toastmasters but have heard it recommended by many before.

I may have to look up my local chapter!
by A7las
Sun Sep 13, 2020 7:43 pm
Forum: Personal Consumer Issues
Topic: Books or Courses on leadership that helped your career
Replies: 51
Views: 2746

Books or Courses on leadership that helped your career

For those of you in management or leadership positions. What books, certifications, degrees or college certificates had a positive impact on your career?
by A7las
Wed Sep 02, 2020 1:05 am
Forum: Personal Finance (Not Investing)
Topic: When to focus on increasing income?
Replies: 41
Views: 2547

Re: When to focus on increasing income?

Can you find an employer that will pay for your degree?
by A7las
Tue Aug 11, 2020 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: Health Insurance Question
Replies: 2
Views: 342

Re: Health Insurance Question

By my math between premiums, birth cost, and the employer HSA contribution you'll spend an extra $250 on the birth with the alternative plan. In addition you'll save your marginal tax rate and maybe some FICA taxes on the additional $5100 HSA contribution you could make. On the other hand, you'll s...
by A7las
Tue Aug 11, 2020 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Health Insurance Question
Replies: 2
Views: 342

Health Insurance Question

My wife is pregnant with our 3rd child and is due in February 2021. We have used a midwife for both our children and intend to do so for the 3rd as well. This has come at a significant cost but we are happy with the level of care and can more than afford it. Currently, we are in a HDHP with a $4,500...