Search found 132 matches

by smitty1515
Sun Jan 05, 2020 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: Defining FI
Replies: 8
Views: 1646

Re: Defining FI

We do not factor SS into the FI equation because we plan to be FI in our mid to late 40s. Of course, there are many years between hitting FI and traditional retirement when one begins to take SS distributions. Additionally, SS is predicated on many factors I don't know the answer so for the sake of ...
by smitty1515
Fri Dec 20, 2019 7:40 pm
Forum: Personal Consumer Issues
Topic: Recommend Laptop
Replies: 79
Views: 5519

Re: Recommend Laptop

I purchased a late 2018 MacBook Air recently w the following specs:

Intel i5
16 gb ram
512 gb SSD
13” Retina display

Very happy w the purchase at $1199.
by smitty1515
Fri Sep 13, 2019 7:20 pm
Forum: Personal Consumer Issues
Topic: Calling all iPhone SE Bogleheads
Replies: 61
Views: 5094

Re: Calling all iPhone SE Bogleheads

I’m using an SE and have been for 3 years. I just had a new battery put in at the Apple store for $55 which has made keeping it much easier.

The key will be continuing to have access to updates in the future.
by smitty1515
Sat Sep 07, 2019 6:44 am
Forum: Personal Finance (Not Investing)
Topic: Can it get better than 15 year fixed mortgage at 3%?
Replies: 44
Views: 3696

Re: Can it get better than 15 year fixed mortgage at 3%?

Chunkachange wrote:
Fri Sep 06, 2019 9:20 pm
mortfree wrote:
Fri Sep 06, 2019 8:43 pm
15-year, 0 points is at 2.875 where I have a mortgage (30y at 3.875, 2y into the mortgage)
Trying to reconcile your username with your post, I can only assume you divorced a man named Mort.
😂
by smitty1515
Sun Jul 14, 2019 2:54 pm
Forum: Personal Consumer Issues
Topic: I think i can spend 30k on this vacation, but wife not sure
Replies: 77
Views: 8131

Re: I think i can spend 30k on this vacation, but wife not sure

Amazing that 5M isn't what it used to be. And maybe safaris are meant for people with more money anyway. Thanks for the responses, and have a nice day. Don’t take your situation for granted. You are top of world population re wealth. Take the trip if it’s an experience you and your spouse value and...
by smitty1515
Mon Jul 01, 2019 9:02 pm
Forum: Personal Finance (Not Investing)
Topic: 75 vs 78% LTV
Replies: 8
Views: 1123

Re: 75 vs 78% LTV

We just did this on a home we bought new in 2015. The 75% rule was in reference to removal of PMI based on current value. So....we paid $450 for an appraisal which came in at $406k w balance of $305k which removed PMI.
by smitty1515
Mon Mar 11, 2019 8:26 pm
Forum: Personal Consumer Issues
Topic: Best Car Values
Replies: 155
Views: 12085

Re: Best Car Values

I’m in the boat of buying (with cash) 3-5 yr old vehicles w around 30,000 miles. We now have a 3 and 10 year old vehicles. My question for you all is do you follow the recommendations for maintenance? Oil changes and tire rotation are a no brainer. I’m talking about spark plugs, transmission flush,...
by smitty1515
Fri Mar 08, 2019 3:56 pm
Forum: Personal Consumer Issues
Topic: Best Car Values
Replies: 155
Views: 12085

Re: Best Car Values

I’m in the boat of buying (with cash) 3-5 yr old vehicles w around 30,000 miles. We now have a 3 and 10 year old vehicles. My question for you all is do you follow the recommendations for maintenance? Oil changes and tire rotation are a no brainer. I’m talking about spark plugs, transmission flush,...
by smitty1515
Wed Mar 06, 2019 9:50 pm
Forum: Personal Consumer Issues
Topic: Best Car Values
Replies: 155
Views: 12085

Re: Best Car Values

I’m in the boat of buying (with cash) 3-5 yr old vehicles w around 30,000 miles. We now have a 3 and 10 year old vehicles. My question for you all is do you follow the recommendations for maintenance? Oil changes and tire rotation are a no brainer. I’m talking about spark plugs, transmission flush, ...
by smitty1515
Sun Feb 10, 2019 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: Did you investigate your partner's financial background before committing?
Replies: 99
Views: 6295

Re: Did you investigate your partner's financial background before committing?

Yes, my wife and I got “financially naked” before getting too serious. I couldn’t imagine not doing so as financial disagreements and beliefs can ruin a marriage.
by smitty1515
Sat Feb 09, 2019 7:52 pm
Forum: Personal Finance (Not Investing)
Topic: What does financial peace look like to YOU?
Replies: 64
Views: 6180

Re: What does financial peace look like to YOU?

1.) 25 x annual expenses
2.) paid off mortgage
3.) giving 10% plus of my income per yr
4.) giving my time to meeting others and giving hope to the financially illiterate
5.) the ability to choose my pursuits based on interest and fulfillment and not pay
by smitty1515
Wed Jan 16, 2019 8:06 am
Forum: Personal Finance (Not Investing)
Topic: Guidance requested
Replies: 9
Views: 1063

Re: Guidance requested

Sjt,

Thank you for the well constructed response. You’ve given me some things to think about in how I analyze our plan and future. Again, thank you.
by smitty1515
Tue Jan 15, 2019 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Guidance requested
Replies: 9
Views: 1063

Re: Guidance requested

Although I have never invested in any real estate myself, I would encourage you to try it because of the entire tone of your post. I think one can become financially independent without real estate investments, but it seems you are willing to try it out, so I recommend that you do so. You’re one of...
by smitty1515
Mon Jan 14, 2019 6:55 am
Forum: Personal Finance (Not Investing)
Topic: Guidance requested
Replies: 9
Views: 1063

Re: Guidance requested

Thank you for the input Silverado. We’ve experienced 3-5% annual raises during this time. We made some questionable decisions in our mid 20s but have a solid foundation to build upon now.

Again, thanks for the input.
by smitty1515
Sun Jan 13, 2019 7:30 am
Forum: Personal Finance (Not Investing)
Topic: Guidance requested
Replies: 9
Views: 1063

Re: Guidance requested

Thank you for the link. That’s not a site I’d heard of and there appears to be excellent content.
by smitty1515
Sat Jan 12, 2019 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Guidance requested
Replies: 9
Views: 1063

Guidance requested

I make this post for guidance and appreciate anyone who takes time to read/provide feedback. I've done more reading than posting over the years and value these opinions because most are pursuing or have obtained financial independence. Our situation: Monthly expenses: $5,700/mo Monthly income: (afte...
by smitty1515
Wed Jan 02, 2019 8:44 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 2694
Views: 501300

Re: What are you up YTD? [Year To Date]

WhiteMaxima wrote:
Wed Jan 02, 2019 1:54 pm
Any BH with 100/0 AA? What's your return in 2018?
-11%
by smitty1515
Sun Oct 07, 2018 7:51 am
Forum: Personal Consumer Issues
Topic: Radon
Replies: 10
Views: 1441

Re: Radon

We have tested and our readings were 4.5 and 4.8 which is slightly elevated (goal is < 4). We live in MN where radon is a concern. I'm not sure how much of a farce I think the industry is but the fact of the matter is I will incur the cost to mitigate if I rent out or sell this home so why not take ...
by smitty1515
Sun Aug 26, 2018 7:48 am
Forum: Personal Finance (Not Investing)
Topic: Savings rate per month???
Replies: 68
Views: 6511

Re: Savings rate per month???

35/36 1 kid

42% gross (includes employer contribution)
by smitty1515
Wed Aug 22, 2018 9:01 pm
Forum: Personal Consumer Issues
Topic: Graduate Degree Mistakenly (?) Conferred - What to Do? [solved]
Replies: 76
Views: 7702

Re: Graduate Degree Mistakenly (?) Conferred - What to Do? [solved]

https://www.nytimes.com/2001/12/15/spor ... -lies.html

My advice - contact the university and finish your degree the way you intended and legitimately claim your paper.
by smitty1515
Wed Aug 22, 2018 11:06 am
Forum: Personal Consumer Issues
Topic: Specific Disney fastpass suggestions
Replies: 10
Views: 1398

Re: Specific Disney fastpass suggestions

Animal kingdom
Safari
Avatar flight of passage
Expedition Everest

Magic kingdom
Space mountain
Thunder mountain
7 dwarfs Mine Train

Epcot
Soarin
Test track
Spaceship earth
by smitty1515
Fri Aug 03, 2018 9:37 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1294
Views: 177240

Re: Poll: At what age did you hit $500k Net Worth

The additional piece of info I'd like to know is an estimate of how much in income (combined income for couples) plus gifts (inheritance) had the person earned over their lifetime when they reached 500k in savings. A couple who had reached 500k at 30 but had cumulatively earned and/or inherited $5 ...
by smitty1515
Fri Aug 03, 2018 9:24 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1294
Views: 177240

Re: Poll: At what age did you hit $500k Net Worth

Wife 35, Me 36. Coincidentally, it just happened last weekend nearly 10 years after starting career. We are saving 50% of our after tax income and plan to cross the $1M NW in 5 years. Of course market fluctuations could alter this but we can only control factors such as savings rate, investing in lo...
by smitty1515
Mon Jul 30, 2018 7:11 am
Forum: Personal Consumer Issues
Topic: Best MacBook Value
Replies: 40
Views: 3654

Re: Best MacBook Value

Has anyone ever purchased off Gazelle or like sites? I was recently having some issues with our 13" mid 2012 MacBook Pro however doubling up the RAM and putting in a new battery has significantly improved the performance of the machine. I did both of these things for less than $100 but before hand w...
by smitty1515
Sun Jul 29, 2018 6:21 am
Forum: Personal Consumer Issues
Topic: Has Anyone Tried Youtube TV?
Replies: 55
Views: 7488

Re: Has Anyone Tried Youtube TV?

Happy YT TV customer here. We've had very few issues and when we have their customer service is on point. During a recent World Cup match YT TV was down for a short period of time. Within 24 hours of the outage I got an email apologizing and comping me 1 free week of YT TV. The only two streaming TV...
by smitty1515
Wed Jul 18, 2018 9:19 pm
Forum: Investing - Theory, News & General
Topic: Direct Real Estate Returns
Replies: 361
Views: 19773

Re: Direct Real Estate Returns

^^^
That would be cash on cash return
by smitty1515
Sat Jun 30, 2018 7:47 am
Forum: Personal Consumer Issues
Topic: What are you learning or studying?
Replies: 112
Views: 10612

Re: What are you learning or studying?

1. The Bible and related study
2. Marriage topics
3. Parenting topics
4. Real estate investing
by smitty1515
Tue Jun 19, 2018 5:50 pm
Forum: Personal Consumer Issues
Topic: gray hair
Replies: 130
Views: 10508

Re: gray hair

It's a sign of wisdom. Roll the way you were created and just go with it. I've been slowly graying for the last 10 years and I'm 36. I figure by the time I'm in my mid 40s it'll really show.
by smitty1515
Wed Jun 13, 2018 9:59 pm
Forum: Personal Consumer Issues
Topic: Does anyone use Imperfect Produce?
Replies: 9
Views: 1329

Re: Does anyone use Imperfect Produce?

How do their prices compare to Aldi produce prices? I’ve often felt Aldi ascribes to a similar model although I haven’t validated the theory yet.
by smitty1515
Tue Mar 27, 2018 8:38 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey spends two segments on his investing advice
Replies: 84
Views: 14916

Re: Dave Ramsey spends two segments on his investing advice

The Ramsey plan helped us create the plan to pay off 50k in non-mortgage debt (using the debt snowball method) in 13 months. Before I ever heard of DR, I unknowingly used the snowball method to pay off my small credit card bills of a few hundred dollars that were merely a nuisance. But once I got t...
by smitty1515
Tue Mar 27, 2018 6:53 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey spends two segments on his investing advice
Replies: 84
Views: 14916

Re: Dave Ramsey spends two segments on his investing advice

At my church the DR Financial Peace is heavily promoted. I have never attended, didn’t want to spend the $100 for class materials. Anyhow people on this forum would be horrified to hear many of the stories of how badly people handle their money. I would totally agree DR gets many folks going the ri...
by smitty1515
Tue Mar 27, 2018 6:26 pm
Forum: Personal Consumer Issues
Topic: Not going to be buying chicken for a while...
Replies: 65
Views: 15702

Re: Not going to be buying chicken for a while...

We buy a few Sams club rotisserie chickens per week and shred them up for salads, tacos, etc. I've not seen any stripes or had "odd" tastes.
by smitty1515
Fri Mar 23, 2018 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: What Budget? Do you keep one?
Replies: 116
Views: 10429

Re: What Budget? Do you keep one?

We budget every month.

I’m a Ramsey disciple who follows his budget and anti debt advice but deviates to BHs for investment advice. I consider this hybrid to be pretty stellar.
by smitty1515
Fri Mar 23, 2018 4:42 pm
Forum: Personal Consumer Issues
Topic: What would you do with this car?
Replies: 37
Views: 3552

Re: What would you do with this car?

160k for a box with wheels?! If I was you I’d take it to the MB dealership and see what they have to say. The depreciation seems insane. Best of luck.
by smitty1515
Sun Mar 04, 2018 6:45 pm
Forum: Personal Investments
Topic: dad insists on gifting me all his money- help!
Replies: 23
Views: 4851

Re: dad insists on gifting me all his money- help!

Well, if he is of sound mind and wants to give you money, so be it. He can do what he wants with his money. However, if he is simply trying to transfer assets to get Medicaid to pay for LTC it gets a lot more complicated. For one, a medicaid paid facility and room can be subpar to one that you can ...
by smitty1515
Sun Mar 04, 2018 6:24 pm
Forum: Personal Consumer Issues
Topic: $500 gift card, what to do?
Replies: 42
Views: 4243

Re: $500 gift card, what to do?

You could sell on giftcardgranny.com. I have purchased cards on there in the past and it’s been reputable in my experience.
by smitty1515
Sun Feb 18, 2018 8:06 am
Forum: Personal Consumer Issues
Topic: Minnesota lake resorts summer 2018
Replies: 32
Views: 3038

Re: Minnesota lake resorts summer 2018

nordsteve wrote:
Sat Feb 17, 2018 10:41 pm
If you’re looking at Grand View then also check out Maddens.

MN lifer here and this thread has many great suggestions.
Agree, I’d add Craguns to the list too!
by smitty1515
Sat Feb 17, 2018 9:17 pm
Forum: Personal Consumer Issues
Topic: Minnesota lake resorts summer 2018
Replies: 32
Views: 3038

Re: Minnesota lake resorts summer 2018

Grand view lodge in Nisswa is awesome. There are many included amenities and Gull Lake is a fun place.

We’ve also done Breezy Point on Pelican Lake but had more fun at GVL.
by smitty1515
Sat Feb 10, 2018 4:34 pm
Forum: Personal Consumer Issues
Topic: Jogging in the cold.
Replies: 50
Views: 4816

Re: Jogging in the cold.

Avid runner here. Live in MN and I run 12 mo a year. My cut off is ~ -10 deg windchill to use a treadmill. I ran this morning at -5 deg windchill with the following gear. Safety - first of all you need lights if you run prior to dawn or after sundown. I wear a headlamp, wrist lights, and reflective ...
by smitty1515
Mon Jan 01, 2018 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey's voice is in my head...(Updated 1/4/2020)
Replies: 108
Views: 19604

Re: Dave Ramsey's voice is in my head...(Updated 12/31/2017)

Good to read this because I also am a DR fan. I facilitate FPU at church however when it comes to investing I follow Bogleheads approach of using low cost mutual funds. I deviate from Bogleheads approach and take the Dave Ramsey 100% equity AA so I guess you could call me a true hybrid. I'm very pro...
by smitty1515
Sun Dec 24, 2017 9:55 pm
Forum: Personal Finance (Not Investing)
Topic: FY17 Final, Personal Savings Rate
Replies: 26
Views: 3022

Re: FY17 Final, Personal Savings Rate

51%

Method used is gross pay subtracting Federal, State, and FICA tax.
by smitty1515
Sun Nov 19, 2017 3:16 pm
Forum: Personal Consumer Issues
Topic: How much do you budget for vacation?
Replies: 94
Views: 8815

Re: How much do you budget for vacation?

$3-4K per year.
by smitty1515
Wed Nov 15, 2017 6:29 pm
Forum: Personal Finance (Not Investing)
Topic: Why pay cash for a car?
Replies: 250
Views: 36682

Re: Why pay cash for a car?

Not true for all but here’s why I’m a proponent of paying cash for vehicles.

The simple reason is to prevent overspending. Of course financing at 0% on paper is the right move however how many thousands if not tens of thousands of dollars are consumers adding to their purchase by not paying cash?
by smitty1515
Wed Oct 04, 2017 8:29 pm
Forum: Personal Investments
Topic: Minnesota 529
Replies: 4
Views: 752

Re: Minnesota 529

The deduction is not for MN 529 only. Here’s info on the law.

http://www.dorvalchorne.com/blog/new-mi ... tributions
by smitty1515
Wed Oct 04, 2017 5:07 pm
Forum: Personal Finance (Not Investing)
Topic: How much term life insurance is enough?
Replies: 11
Views: 1511

Re: How much term life insurance is enough?

I think it is reasonable and should be cheap if you go to an INDEPENDENT agent to shop various companies for a good TERM insurance with a well-rated company for 20-30 years. It is possible but unlikely that your affiliated company is a good price. Check term4sale.com for a quick check on what is av...
by smitty1515
Wed Oct 04, 2017 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: How much term life insurance is enough?
Replies: 11
Views: 1511

How much term life insurance is enough?

I must be transparent that my wife and I sat down with a financial adviser. I did not go out looking for one but know someone at church who left a corporate job to enter into the industry for a faith based financial organization based out of the upper midwest. About a month ago he asked if we would ...
by smitty1515
Wed Sep 27, 2017 8:34 pm
Forum: Personal Consumer Issues
Topic: Is the new Chevy Equinox any good?
Replies: 59
Views: 9184

Re: Is the new Chevy Equinox any good?

2011 Equinox owner here. Have 100k miles. Overall, very little issues other than routine items to be expected. My folks have a CRV and the interior and comfort of the Equinox is better. The CRV is better for driving and likely more reliable. I almost purchased a 2017 Equinox a few months ago because...
by smitty1515
Sun Sep 03, 2017 8:26 pm
Forum: Personal Consumer Issues
Topic: Pork shoulder on Weber E-310: Best practices?
Replies: 37
Views: 3622

Re: Pork shoulder on Weber E-310: Best practices?

I did a pork butt today on my green egg. 275 for 8 hrs. Wrapped it at 160 and pulled at 200. Wrapped it in towels and put it in a cooler to soak the juices. Turned out awesome!
by smitty1515
Sun Aug 27, 2017 9:42 am
Forum: Personal Consumer Issues
Topic: New 2017 CRV Owners: want to compare notes?
Replies: 7
Views: 1680

Re: New 2017 CRV Owners: want to compare notes?

Considered one but was discouraged by the CVT. I guess I am old school. CVTs work fine in snowmobiles and ATVs but I still prefer gears in cars. Ended up with a Chevy Equinox in same price range. 2017 or 2018? We have a 2011 Equinox 2 LT approaching 100k miles. Almost traded it in and got a 17 a fe...