Search found 60 matches

by seligsoj
Mon Jan 11, 2021 8:21 pm
Forum: Personal Finance (Not Investing)
Topic: Does anyone here make money through Amazon?
Replies: 14
Views: 2341

Re: Does anyone here make money through Amazon?

As a side hustle, I bought a niche website which promotes training jack russell terriers and an e-book. I sell the e-book on the website as well as on amazon kindle.
by seligsoj
Wed Dec 30, 2020 8:31 pm
Forum: Investing - Theory, News & General
Topic: [Where are you investing your "play" money?]
Replies: 64
Views: 6730

[Where are you investing your "play" money?]

I've been following the 3 fund portfolio for years since discovering bogleheads about 8 years ago. I recently stepped outside the mold and put 1 % of my assets in crypto currency. It has been super fun to watch (of course it has been on an upswing and the ride down may completely temper my enthusias...
by seligsoj
Tue Dec 15, 2020 8:23 pm
Forum: Personal Investments
Topic: which account to put extra money? (first world problem)
Replies: 18
Views: 2197

Re: which account to put extra money? (first world problem)

-Ok, line 8b on the tax form has our adjusted gross income for the tax year 2019 as $176,697 - Our taxable income after taking out the standard deduction is $152,297 on line 11b- so 22 percent tax bracket Sorry about the delay. Bookmark got buried. :( It is not your income from last year that deter...
by seligsoj
Thu Dec 10, 2020 2:58 pm
Forum: Personal Consumer Issues
Topic: Career planning - Therapist/psychologist?
Replies: 27
Views: 1610

Re: Career planning - Therapist/psychologist?

I am a licensed psychologist with a PhD in school psychology. This means I can work both in a school setting as well as see clients in private practice if I wanted to. I think there is a particular need for male therapists to treat boys/adolescents-this would be a good niche. It was a pretty long ro...
by seligsoj
Mon Dec 07, 2020 10:21 am
Forum: Personal Investments
Topic: which account to put extra money? (first world problem)
Replies: 18
Views: 2197

Re: which account to put extra money? (first world problem)

-Ok, line 8b on the tax form has our adjusted gross income for the tax year 2019 as $176,697 - Our taxable income after taking out the standard deduction is $152,297 on line 11b- so 22 percent tax bracket I checked and our adjusted gross income for the past tax year was $176,000 Do you mean 2019 or ...
by seligsoj
Sun Dec 06, 2020 9:53 pm
Forum: Personal Investments
Topic: which account to put extra money? (first world problem)
Replies: 18
Views: 2197

Re: which account to put extra money? (first world problem)

Thanks for everyone's input. In answering some of the questions that were asked- I checked and our adjusted gross income for the past tax year was $176,000-so is it correct that as a married couple we can still contribute $6,000 per person into a Roth IRA this year? We do not have a Roth available t...
by seligsoj
Fri Dec 04, 2020 10:57 am
Forum: Personal Investments
Topic: which account to put extra money? (first world problem)
Replies: 18
Views: 2197

Re: which account to put extra money? (first world problem)

We are planning to retire at age 56...so 13 years. We aren't interested in staying in the area we live in once we retire- maybe just a few years beyond retirement while the kids are in college. We would like to not purchase a house again after we sell our current house upon retirement, so that we ca...
by seligsoj
Fri Dec 04, 2020 10:13 am
Forum: Personal Investments
Topic: which account to put extra money? (first world problem)
Replies: 18
Views: 2197

which account to put extra money? (first world problem)

DH and I are 43/44 make a combined salary of $237k working for public education institutions. We are looking to retire in 13 years at age 56. I will begin receiving a pension worth approximately $80,000 a year with health benefits when I retire. We currently have $65,000 in emergency fund $111,000 i...
by seligsoj
Thu Jul 09, 2020 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Struggling with the math of a refinance
Replies: 7
Views: 594

Struggling with the math of a refinance

Hi my fellow Bogle heads, I'm feeling silly for struggling with the math...can you help me? I have 192 months left of a 20 year loan with a current interest rate of 3.25. Would there be any scenario where it would make sense to refinance to a 15 year loan with a lower interest rate? It looks like ou...
by seligsoj
Thu Feb 13, 2020 9:08 pm
Forum: Personal Finance (Not Investing)
Topic: Yet another 2 -> 1 income thread
Replies: 50
Views: 4025

Re: Yet another 2 -> 1 income thread

I like the suggestion of your wife taking a few weeks off to see if she likes staying home with the baby full time....the life of a sahm is not for everyone. Also, are you definitely done having kids? If not, you may want to take this into account in your budget. You have the money to do it without ...
by seligsoj
Mon Oct 14, 2019 10:28 pm
Forum: Personal Finance (Not Investing)
Topic: Providing for a adult child with serious illness
Replies: 11
Views: 1817

Re: Providing for a adult child with serious illness

I suggest he creates a job for himself with flexible hours...there are many successful bloggers who do this...it's my backup plan if I were ever to be disabled by one of my chronic diseases
by seligsoj
Mon Oct 14, 2019 10:27 pm
Forum: Personal Finance (Not Investing)
Topic: Providing for a adult child with serious illness
Replies: 11
Views: 1817

Re: Providing for a adult child with serious illness

I suggest he creates a job for himself with flexible hours...there are many successful bloggers who do this...it's my backup plan if I were ever to be disabled by one of my chronic diseases
by seligsoj
Mon Sep 16, 2019 6:45 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area teacher saving half my income – why the doubt? (and asking more questions)
Replies: 508
Views: 35252

Re: Bay Area teacher saving half my income – why the doubt? (and asking more questions)

Fellow educator here who applauds OP's success. For every OP there are 100 educators drowning in student loan debt, are underpaid, live paycheck to paycheck, and will never receive a substantial pension for various reasons. As for the haters, I think they exist for a variety of reasons: - education ...
by seligsoj
Wed Aug 28, 2019 10:18 pm
Forum: Personal Finance (Not Investing)
Topic: What is your plan for the last few years of a long life?
Replies: 230
Views: 17239

Re: What is your plan for the last few years of a long life?

I have no desire to live in some sort of ltc facility. I hope that in 30 years from now, when I'm a senior, death with dignity will become more widespread with additional options for people who are not terminal in 6 months but whose quality of life is very limited with no chance of improvement. Or, ...
by seligsoj
Thu Aug 01, 2019 10:43 pm
Forum: Personal Consumer Issues
Topic: luxury vehicle: what income/asset range
Replies: 75
Views: 5283

luxury vehicle: what income/asset range

I'm curious as to what income/asset range you would consider purchasing a luxury vehicle...say in the $40,000 range and up? My husband is in the market for a new car......I want to stick with a toyota.......he wants to maybe consider a used lexus....our families have never been luxury vehicle owners...
by seligsoj
Thu Jun 20, 2019 9:02 pm
Forum: Personal Investments
Topic: If you are already wealthy, what keeps you motivated?
Replies: 102
Views: 13872

Re: If you are already wealthy, what keeps you motivated?

I am 41...if my investments cooperate (that's a big if...), I think I will have about 2.5 million in 8 years. I'm not a flashy person and feel like my family could live off of this indefinitely. However, I have amazing health insurance through my work which is priceless for me since I have an assort...
by seligsoj
Tue May 21, 2019 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: Should I encourage my kids to work in high school/college?
Replies: 224
Views: 15842

Re: Should I encourage my kids to work in high school/college?

I worked at Taco Bell throughout high school...I was bored and needed something to pas time/didn't mind earning some extra money. I think it was good for my work ethic...it taught me that no job is beneath me and that I wasn't entitled to anything...I came from an upper middle class family so it was...
by seligsoj
Sat May 04, 2019 11:20 am
Forum: Personal Investments
Topic: 76 year old widowed mother needs investment advice
Replies: 19
Views: 2091

Re: 76 year old widowed mother needs investment advice

Thanks all for your responses...some pps pointed out issues I hadn't even considered...we will seek out someone reputable to help us figure this out
by seligsoj
Fri May 03, 2019 10:40 am
Forum: Personal Investments
Topic: 76 year old widowed mother needs investment advice
Replies: 19
Views: 2091

Re: 76 year old widowed mother needs investment advice

My mom is the trustee for the trusts and has the authority to make the changes. Both of the trusts are at fidelity. She has health care directives, updated beneficiaries, a will, and power of attorney for me and my sister if she is incapacitated. She also has long-term care insurance. She is taking ...
by seligsoj
Fri May 03, 2019 9:35 am
Forum: Personal Investments
Topic: 76 year old widowed mother needs investment advice
Replies: 19
Views: 2091

76 year old widowed mother needs investment advice

Hey all, My parents had a traditional relationships where my father handled the finances. Unfortunately, he passed away 7 years ago. My mother, who at that point, had never even used an ATM machine/paid bills online, etc. was given the stressful task of handling the money. As luck would have it, the...
by seligsoj
Tue Apr 30, 2019 8:45 pm
Forum: Personal Finance (Not Investing)
Topic: Chiropracter career no longer lucrative...what other job options are there?
Replies: 41
Views: 6130

Chiropracter career no longer lucrative...what other job options are there?

[Post New]04/30/2019 21:41 Subject: DH wants to end his chiropractor career...what else could he do? [Up] Anonymous My friend's DH is in his early 40s and has been a chiropractor for over a decade. He runs his own private practice but is getting fed up with the increasingly low reimbursements from i...
by seligsoj
Thu Apr 11, 2019 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: Estimating Future Wealth (Wealth Potential)
Replies: 20
Views: 2188

Re: Estimating Future Wealth (Wealth Potential)

I did this exercise when I was in my 20s to calculate when I would make my first million and it was helpful and fun. I have a spreadsheet that projects out to my 60s and I check it once a year to see whether I am at, above or below my projections. I used the website money chimp to play around with t...
by seligsoj
Tue Apr 02, 2019 8:15 pm
Forum: Personal Finance (Not Investing)
Topic: Boglehead teachers or those married to one: some questions about career and life...
Replies: 101
Views: 7852

Re: Boglehead teachers or those married to one: some questions about career and life...

My husband and I have pondered this...we live in an area where teachers are well compensated and have excellent health benefits and a solid pension. We are in Maryland and there are pluses and minuses about the area. We would love to live in a scenic, beautiful area with good weather but my job as a...
by seligsoj
Thu Feb 07, 2019 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: Saying hello and hoping for guidance
Replies: 95
Views: 5597

Re: Saying hello and hoping for guidance

I haven't read all the responses but I really think you should put together a 4 year plan to enter the workforce after your youngest is in elementary or expand your side business. I don't know your educational background or work experiences, but if you could get a job pulling in $35,000 that would g...
by seligsoj
Mon Jan 14, 2019 11:21 pm
Forum: Personal Consumer Issues
Topic: Disciplined with finances, but not so with diet
Replies: 242
Views: 15494

Re: Disciplined with finances, but not so with diet

Op here....I. an overwhelmed by all the awesome responses and helpful tips. I am going to spend time re-reading all of them as I develop my weight loss strategy. I will check back in and let you know how I'm doing with the weight loss!
by seligsoj
Thu Jan 10, 2019 5:00 pm
Forum: Personal Consumer Issues
Topic: Disciplined with finances, but not so with diet
Replies: 242
Views: 15494

Disciplined with finances, but not so with diet

Any bogleheads any diet wisdom? I've always been disciplined with saving money but can't seem to apply the same discipline to my diet. I have tried weight watchers, Jenny Craig, beach body, keto, my fitness pal...I lack discipline and get hungry. Just this week I decided to start eating the same thi...
by seligsoj
Mon Aug 20, 2018 10:09 pm
Forum: Personal Finance (Not Investing)
Topic: Teachers Who Have Net Worth of $1 million +
Replies: 191
Views: 32241

Re: Teachers Who Have Net Worth of $1 million +

I admire your hustle, PP :D
by seligsoj
Sat Aug 18, 2018 7:42 pm
Forum: Personal Finance (Not Investing)
Topic: Teachers Who Have Net Worth of $1 million +
Replies: 191
Views: 32241

Re: Teachers Who Have Net Worth of $1 million +

I have posted a number of times on this forum about teacher finances. My husband and I reached the million mark at 40. He is a librarian and I am a school psychologist. The trick is to avoid school loan debts, live in an area that compensates teachers well where the cost of living is still doable, i...
by seligsoj
Thu Aug 09, 2018 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: Biggest Threats to Financial Well-Being
Replies: 99
Views: 10203

Re: Biggest Threats to Financial Well-Being

Having a special needs child with significant needs such as expensive private therapies, medical bills, frequent doctor visits forcing one spouse to quit working to become their full time care-taker, having to create a special needs trust because they will need to be taken care of forever, long afte...
by seligsoj
Tue Jul 24, 2018 6:25 pm
Forum: Personal Finance (Not Investing)
Topic: New book based on Millionaire Next Door
Replies: 120
Views: 19377

Re: New book based on Millionaire Next Door

Here's a blog post I created for a blog I have never developed yet on teachers becoming millionaires...I haven't had time to edit so there may be errors :) Can a teacher become a millionaire? For this example, I took the average national public teacher salary based on years of experience and utiliz...
by seligsoj
Mon Jul 23, 2018 6:35 pm
Forum: Personal Finance (Not Investing)
Topic: New book based on Millionaire Next Door
Replies: 120
Views: 19377

Re: New book based on Millionaire Next Door

Here's a blog post I created for a blog I have never developed yet on teachers becoming millionaires...I haven't had time to edit so there may be errors :) Can a teacher become a millionaire? For this example, I took the average national public teacher salary based on years of experience and utiliz...
by seligsoj
Sun Jul 22, 2018 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: New book based on Millionaire Next Door
Replies: 120
Views: 19377

Re: New book based on Millionaire Next Door

Here's a blog post I created for a blog I have never developed yet on teachers becoming millionaires...I haven't had time to edit so there may be errors :) Can a teacher become a millionaire? In short, yes…teacher can become millionaires, particularly if they start investing when they are young, aut...
by seligsoj
Sun Jun 03, 2018 7:58 pm
Forum: Personal Finance (Not Investing)
Topic: Leave Job (Philly) and move To Arizon (Phoenix)?
Replies: 67
Views: 6505

Re: Leave Job (Philly) and move To Arizon (Phoenix)?

I lived in Phoenix/Tucson for 6 years and it is a beautiful area. Beautiful mountain scenery, friendly people, and plenty of sunshine. My husband and I talked about moving back there...but the golden handcuffs kept us in Maryland. We would make about half of our current HHI there. For us, financial ...
by seligsoj
Wed May 23, 2018 10:47 pm
Forum: Personal Finance (Not Investing)
Topic: govt vs. private job offers: please help me decide!
Replies: 38
Views: 4235

Re: govt vs. private job offers: please help me decide!

Licensed psychologist here (school psychologist is my specialty). I am 40 but have been practicing for 14 years (I went to grad school straight out of undergrad). All through grad school, I was most interested in starting a private practice...but took a job with a school district and stuck with it. ...
by seligsoj
Tue May 15, 2018 1:35 pm
Forum: Personal Consumer Issues
Topic: Company shows only 30-50% of the time to build screened porch
Replies: 10
Views: 1106

Re: Company shows only 30-50% of the time to build screened porch

Just to clarify...we paid 1/3 before work began and then 1/3 when work was in progress.

Also, I just checked with the state contracting licensing board and they haven't had a complaint since 2014.
by seligsoj
Tue May 15, 2018 10:26 am
Forum: Personal Consumer Issues
Topic: Company shows only 30-50% of the time to build screened porch
Replies: 10
Views: 1106

Re: Company shows only 30-50% of the time to build screened porch

We have already paid $16,000 with $8,000 more due at the completion of the project (we live in a very HCOL area...so prices.are inflated for getting work done) The contract says something to the effect of they will try to complete the project to adhere to the time table given...but can't be held lia...
by seligsoj
Tue May 15, 2018 10:03 am
Forum: Personal Consumer Issues
Topic: Company shows only 30-50% of the time to build screened porch
Replies: 10
Views: 1106

Company shows only 30-50% of the time to build screened porch

We have actually never done any extensive work on our house until now...so I don't know if this is par for the course. We contracted with a company to build a screened porch in January. They had an issue with the county and getting the building plan permit approved...so they began construction about...
by seligsoj
Fri May 11, 2018 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: Help these teachers decide a price for a possible house purchase
Replies: 16
Views: 2632

Re: Help these teachers decide a price for a possible house purchase

School professional here with 2 small kids also living in HCOL area in Maryland. My husband I have a similar HHI to you and we bought a house for 450,000 with 20 percent down and have a 20 year mortgage. We have somewhat more assets than you but we are a little older...and just turned 40. This is ve...
by seligsoj
Mon Apr 09, 2018 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: Active Adult Retirement Communities
Replies: 63
Views: 10028

Re: Active Adult Retirement Communities

The trilology community in Arizona looks amazing...I'm 40 and I'd love to move in :)
by seligsoj
Fri Feb 02, 2018 7:02 pm
Forum: Personal Finance (Not Investing)
Topic: When is it ok to quit your job and run your business full time?
Replies: 24
Views: 3016

Re: When is it ok to quit your job and run your business full time?

Can you share what your side website business is? That is great money!!
by seligsoj
Tue Nov 21, 2017 8:28 pm
Forum: Personal Consumer Issues
Topic: How much do you budget for vacation?
Replies: 94
Views: 9177

Re: How much do you budget for vacation?

We make a bit over $200k but have spent only about $1000 each year, for the last 3 years on beach vacations within driving distance. With 2 small kids it is the opposite of relaxing to go on vacation, at least for us. My husband and I are also homebodies and like the creature comforts of staying in ...
by seligsoj
Sun Oct 29, 2017 3:20 pm
Forum: Personal Consumer Issues
Topic: Megabus from New York City to Washington DC
Replies: 23
Views: 2336

Re: Megabus from New York City to Washington DC

The Vamoos bus is great....feels very clean, safe, and reliable. Do not take the slightly cheaper chinatown busses...unless you enjoy the adrenaline rush of things like your bus breaking down on a major highway, your driver getting lost and the passengers having to help navigate, homeless men gettin...
by seligsoj
Sun Oct 22, 2017 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: just hit the two comma club today...some thoughts
Replies: 37
Views: 6864

Re: just hit the two comma club today...some thoughts

Congratulations! :sharebeer We hit the mark Aug '14, when I was 46 (my goal was 45). Still, not too shabby for a public school teacher whose wife stays home to help raise the kiddos :happy Awesome work! How'd you do it? Love to hear about my fellow educators achieving financial success and security
by seligsoj
Sun Oct 22, 2017 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: just hit the two comma club today...some thoughts
Replies: 37
Views: 6864

Re: just hit the two comma club today...some thoughts

No, he worked in a music library right after graduating, then a university multimedia center, and now a technology consortium for libraries. He gets to be very creative with his day job and plays music with our son for fun...so it works for him. Ah, understood. Thought I'd just check as I pursued t...
by seligsoj
Sat Oct 21, 2017 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: just hit the two comma club today...some thoughts
Replies: 37
Views: 6864

Re: just hit the two comma club today...some thoughts

Congratulations! That kind of investment starts to do some heavy lifting for you! Are you going to celebrate? No celebrations yet. My husband joked that we should celebrate by splitting a Subway sandwich. :). Bought with a coupon, I hope? ;-) A coupon, credit card points, and only water to drink......
by seligsoj
Sat Oct 21, 2017 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: just hit the two comma club today...some thoughts
Replies: 37
Views: 6864

Re: just hit the two comma club today...some thoughts

Wow, I just glanced at Mint and we (wife and I) just hit the 2-comma club too, including HE (~$250k). We were at $997K last week, now $1,003,000. I screen-shot it for a keepsake, knowing that it could drop a lot... Congrats to all of us. We are around 7 years older than you. Congratulations!! Yes.....
by seligsoj
Sat Oct 21, 2017 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: just hit the two comma club today...some thoughts
Replies: 37
Views: 6864

Re: just hit the two comma club today...some thoughts

Leemiller wrote: Fri Oct 20, 2017 6:33 pm Congratulations! That kind of investment starts to do some heavy lifting for you!

Are you going to celebrate?
No celebrations yet. My husband joked that we should celebrate by splitting a Subway sandwich. :).
by seligsoj
Sat Oct 21, 2017 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: just hit the two comma club today...some thoughts
Replies: 37
Views: 6864

Re: just hit the two comma club today...some thoughts

This may be the only safe place to brag that I hit the two comma club today....husband and I are both 40. Not too shabby for degree/career choices that are not known money makers. I did my undergrad in psychology/women studies and grad school for school psychology. My husband did his undergrad in m...
by seligsoj
Fri Oct 20, 2017 11:49 am
Forum: Personal Finance (Not Investing)
Topic: just hit the two comma club today...some thoughts
Replies: 37
Views: 6864

Re: just hit the two comma club today...some thoughts

It includes our home equity of $120,000
by seligsoj
Thu Oct 19, 2017 10:17 pm
Forum: Personal Finance (Not Investing)
Topic: just hit the two comma club today...some thoughts
Replies: 37
Views: 6864

just hit the two comma club today...some thoughts

This may be the only safe place to brag that I hit the two comma club today....husband and I are both 40. Not too shabby for degree/career choices that are not known money makers. I did my undergrad in psychology/women studies and grad school for school psychology. My husband did his undergrad in mu...