Search found 524 matches

by Slacker
Fri Apr 13, 2018 5:18 pm
Forum: Personal Finance (Not Investing)
Topic: Engineering: Quality of school vs. specialized niche degree
Replies: 52
Views: 3291

Re: Engineering: Quality of school vs. specialized niche degree

You can get plenty of programming classes and experience in an Electrical Engineering curriculum designed with a concentration in Robotics or Controls. Every EE I know programs in the real life. Specialized programming that only a EE could do, I did that for a few years (on Renesas processors for c...
by Slacker
Sun Apr 08, 2018 1:44 am
Forum: Personal Finance (Not Investing)
Topic: Engineering: Quality of school vs. specialized niche degree
Replies: 52
Views: 3291

Re: Engineering: Quality of school vs. specialized niche degree

You can get plenty of programming classes and experience in an Electrical Engineering curriculum designed with a concentration in Robotics or Controls. Someone interested in Robotics can also look into the newish "Mechatronics" Engineering degrees which marries mechanical engineering, electrical eng...
by Slacker
Fri Apr 06, 2018 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: Amica paid in full discount for auto
Replies: 5
Views: 673

Re: Amica paid in full discount for auto

Amica just gives me a quote for pay in full vs monthly and we pay in full based on it being less expensive.
by Slacker
Fri Apr 06, 2018 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: Any advice for 1st time landlord
Replies: 42
Views: 3236

Re: Any advice for 1st time landlord

To avoid 95% of the headaches of being a landlord we made sure the numbers worked with hiring a property manager and I carefully interviewed several that operated in the neighborhoods where we have real estate. The most important part of this process, in my opinion, was checking references (the ones...
by Slacker
Wed Apr 04, 2018 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: This-millennial-couple-is-saving-150000-a-year-and-plans-to-retire-by-2029-heres-how-they-
Replies: 136
Views: 10349

Re: This-millennial-couple-is-saving-150000-a-year-and-plans-to-retire-by-2029-heres-how-they-

We should take articles like this with a grain of salt. I would be more interested to know their savings rate relative to their income. A lot of information is purposefully misssed from the article to make it appear this couple has a high savings amount, and it is high to most standards, but can be...
by Slacker
Wed Apr 04, 2018 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: This-millennial-couple-is-saving-150000-a-year-and-plans-to-retire-by-2029-heres-how-they-
Replies: 136
Views: 10349

Re: This-millennial-couple-is-saving-150000-a-year-and-plans-to-retire-by-2029-heres-how-they-

My frustration is with the article, and not with the couple. They're fine -- but they're not saving $150K because they stopped going to concerts, or because they eat inexpensive Chinese cuisine. They're very well off and well-compensated by American standards, and when one is well-off, it's very, v...
by Slacker
Wed Apr 04, 2018 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: This-millennial-couple-is-saving-150000-a-year-and-plans-to-retire-by-2029-heres-how-they-
Replies: 136
Views: 10349

Re: This-millennial-couple-is-saving-150000-a-year-and-plans-to-retire-by-2029-heres-how-they-

If I told SO for entertainment we were going to dance in the living room it would cost me money not save me money as they would probably start throwing lamps and things. My wife would throw a celebration, send pictures to her family members, and write a special entry in her journal if I told her we...
by Slacker
Tue Apr 03, 2018 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford this house?
Replies: 27
Views: 1775

Re: Can we afford this house?

$3300 covers current PITI payment + maintenance + repairs + extra for vacancies? Seems like terrible returns - A $800K home earning $3300/month rents. I don't think you'd go out today and buy a $800K home to turn into a rental at that rate. Personally, I would sell the current home, lock in the $50...
by Slacker
Mon Apr 02, 2018 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford this house?
Replies: 27
Views: 1775

Re: Can we afford this house?

How much equity do you have in your current home. Will you be selling it? We have $600k equity in our home and plan to rent it out. I am confident we can rent our home out for $3000/month, possibly $3300. $3300 would cover our current payment. We have some experience being landlords so it’s not a h...
by Slacker
Mon Apr 02, 2018 4:57 pm
Forum: Investing - Theory, News & General
Topic: Is Lockheed Martin about to become the biggest company in history?
Replies: 66
Views: 6390

Re: Is Lockheed Martin about to become the biggest company in history?

A former colleague got a patent on faster-than-light communication. I expressed some skepticism, saying that there were well-accepted arguments against it based on violation of causality. He replied, "They don't give patents for nothing, my friend." I did not have a good answer for that. I couldn't...
by Slacker
Mon Apr 02, 2018 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford this house?
Replies: 27
Views: 1775

Re: Can we afford this house?

There is also the danger of "keeping up with the Joneses" in your new $1.7 million neighborhood. Easier to be frugal/semi-minimalist when you bought into a neighborhood of $350K houses and make $360K/yr. Saving 30 minutes on commute times for maybe 230 days a year does give you back about 115hrs of ...
by Slacker
Mon Apr 02, 2018 4:42 pm
Forum: Investing - Theory, News & General
Topic: Is Lockheed Martin about to become the biggest company in history?
Replies: 66
Views: 6390

Re: Is Lockheed Martin about to become the biggest company in history?

Absolutely. Cheap, virtually unlimited energy is what we really need these days. We already have that. It's called the sun. Sun = free. Solar photovoltaic = expensive. Check the experience curves. PV is now down to cost competitive with other forms of electricity generation. https://www.lazard.com/...
by Slacker
Mon Apr 02, 2018 4:32 pm
Forum: Investing - Theory, News & General
Topic: Is Lockheed Martin about to become the biggest company in history?
Replies: 66
Views: 6390

Re: Is Lockheed Martin about to become the biggest company in history?

Absolutely. Cheap, virtually unlimited energy is what we really need these days. We already have that. It's called the sun. Sun = free. Solar photovoltaic = expensive. Check the experience curves. PV is now down to cost competitive with other forms of electricity generation. https://www.lazard.com/...
by Slacker
Sun Apr 01, 2018 11:22 pm
Forum: Investing - Theory, News & General
Topic: Nice article on saving money and financial independence
Replies: 36
Views: 5106

Re: Nice article on saving money and financial independence

She probably needs to get to age ~65 (or a little lower) intact when SS income can supplement her current nonwage income. I think she can do it. I didn't bother reading the article, but if she's not paying in enough to social security, she won't be getting much/anything back at 65. Since she is 39,...
by Slacker
Sun Apr 01, 2018 9:31 am
Forum: Investing - Theory, News & General
Topic: Nice article on saving money and financial independence
Replies: 36
Views: 5106

Re: Nice article on saving money and financial independence

Hey blog shows last year's income at $89,000 and it appears to be an after tax amount. Her condo is also fully paid for, so no mortgage or rent to be paid out of that $2000/month. Looks like her expenses were listed as $19k for 2016 and $24k for 2017. I think she may actually be going for a $600k FI...
by Slacker
Sun Apr 01, 2018 9:21 am
Forum: Investing - Theory, News & General
Topic: KF Annual Expense Based Personal Finance Strategy
Replies: 149
Views: 6272

Re: KF Annual Expense Based Personal Finance Strategy

Slacker, In the post I replied to by KF, he mentions a method for deciding when further savings are not needed, based on three variables: expense, savings, and years to FI. It is true I purposely applied his same math to an alternative situation. It’s strange to judge me for the outcome, however un...
by Slacker
Sun Apr 01, 2018 1:26 am
Forum: Investing - Theory, News & General
Topic: KF Annual Expense Based Personal Finance Strategy
Replies: 149
Views: 6272

Re: KF Annual Expense Based Personal Finance Strategy

Leemiller, Klangfool's system is simple and has few input variables. That was his choice, not mine. Also note that it is a general "annual expense based personal finance strategy"; I would have fewer objections if it explicitly stated it was only for people mid-to-late career. The point is it is no...
by Slacker
Sun Apr 01, 2018 1:18 am
Forum: Investing - Theory, News & General
Topic: KF Annual Expense Based Personal Finance Strategy
Replies: 149
Views: 6272

Re: KF Annual Expense Based Personal Finance Strategy

The point is according to KF's system, Bob need not save anything more. Would most Bogleheads tell Bob that there is no need to save any more of his income for the next 40 years? edit: The situation closely mirrors my personal situation, it's not purely a hypothetical. The reason I still save is I'...
by Slacker
Fri Mar 30, 2018 6:15 pm
Forum: Personal Consumer Issues
Topic: Car Subscriptions
Replies: 22
Views: 2304

Re: Car Subscriptions

... That said, I think it MAY be possible to do that now with longer term rentals from Enterprise and perhaps others. ... I read an article touting "Porsche Passport". $2000 for the lower end Porsches and $3000 for the higher end Porsches for one month. You can change which Porsche you drive from d...
by Slacker
Thu Mar 29, 2018 11:11 pm
Forum: Investing - Theory, News & General
Topic: What is the endgame for Millennials?
Replies: 128
Views: 8914

Re: What is the endgame for Millennials?

... It is clear that some combination of the following will need to happen over the next 30 years as my generation ages towards retirement (likely in some combination): 1) Shift in expectations to working to a later age than previous generations. This is not necessarily a bad thing given increased ...
by Slacker
Thu Mar 29, 2018 7:33 pm
Forum: Investing - Help with Personal Investments
Topic: Co-worker told me 401k/403b is a bad idea.
Replies: 52
Views: 5709

Re: Co-worker told me 401k/403b is a bad idea.

I hear this complaint from my in-laws semi-frequently. I just tell them, that it is a wonderful problem to have! They have large pensions and the RMDs push them into a higher tax bracket (so they claim, I haven't looked at their numbers). They say the 401K was a sham and they were lied to about usin...
by Slacker
Wed Mar 28, 2018 11:24 pm
Forum: Personal Finance (Not Investing)
Topic: Living Expense Caught Up To Income
Replies: 48
Views: 6954

Re: Living Expense Caught Up To Income

Have you heard of house-hacking? It might not be possible since you've already selected your house, but I'll explain what it is because it could be a great move for you. I'm 27 and here's what I do. I bought a 4-bedroom home in my area in which I live and rent out the (3) other rooms. I get to prac...
by Slacker
Wed Mar 28, 2018 11:03 pm
Forum: Personal Finance (Not Investing)
Topic: Healthy eaters -- is this grocery budget normal to you?
Replies: 247
Views: 12626

Re: Healthy eaters -- is this grocery budget normal to you?

An interesting experiment would be to change NOTHING except the store. I'd love to hear what a month at a "regular" grocery store rather than whole foods costs. +1 However, I've read that Amazon has knocked down many of the prices at Whole Foods since the purchase. Regardless, if the OP buys lots o...
by Slacker
Wed Mar 28, 2018 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: How Do You Value Your Home for Net Worth Purposes?
Replies: 150
Views: 9001

Re: How Do You Value Your Home for Net Worth Purposes?

I don't include the value of any home I am living in. For rental properties: our property managers provide us with "comps" every year "just in case we want to sell any properties". I use this as my rough guide to determine networth overall, subtracting 6% from the estimated value, deducting outstand...
by Slacker
Wed Mar 28, 2018 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Los Angeles Condo Purchase Advice
Replies: 53
Views: 3574

Re: Los Angeles Condo Purchase Advice

$50,000 wedding plans? This may be of interest: ‘A Diamond is Forever’ and Other Fairy Tales: The Relationship between Wedding Expenses and Marriage Duration In particular, as compared with spending between $5,000 and $10,000 on the wedding, spending less than $1,000 is associated with half the haza...
by Slacker
Wed Mar 28, 2018 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Healthy eaters -- is this grocery budget normal to you?
Replies: 247
Views: 12626

Re: Healthy eaters -- is this grocery budget normal to you?

We eat healthy and spend around $500 for 2 on groceries (but this includes household items and pet supplies). I don't bother to care about GMO. I don't bother with Organic for most produce other than those where we consume the outer layers. We always get the foods that are on sale or perpetually che...
by Slacker
Sun Mar 25, 2018 11:31 pm
Forum: Investing - Theory, News & General
Topic: Seasoned bogleheads repressing the thought of lower expected returns
Replies: 178
Views: 11851

Re: Seasoned bogleheads repressing the thought of lower expected returns

Such a person should be invested in something with a lower stock allocation, and get the desired level of risk by using leverage. The result will have the same volatility as 100% stocks but higher return. For example, using PortfolioVisualizer, here is a comparison between 100% Vanguard Total Stock...
by Slacker
Sun Mar 25, 2018 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: What Budget? Do you keep one?
Replies: 116
Views: 7075

Re: What Budget? Do you keep one?

We have a savings budget. We must hit this target, but I don't complain if/when we go over the savings budget number. This budget is set yearly based on salaries excluding bonuses. We do not have a spending budget. I do track 90% of our spending. Our biggest variances are out of pocket medical costs...
by Slacker
Sun Mar 25, 2018 1:35 am
Forum: Personal Consumer Issues
Topic: MoviePass-Too good to be true, but it's legit.
Replies: 206
Views: 25852

Re: MoviePass-Too good to be true, but it's legit.

You can also get tickets for other people of your own card (but only 1 per day). So you can buy a ticket and give it to your kid as you drop him off with friends. For example. No, this is incorrect. You can't give your tickets to your kids or anyone else and will be banned if MoviePass finds out. A...
by Slacker
Wed Mar 21, 2018 5:20 pm
Forum: Personal Consumer Issues
Topic: Kettlebell Swing experience?
Replies: 50
Views: 4294

Re: Kettlebell Swing experience?

You can do them fine with dumbbells. I do them with my "powerblock" dbs so no need to spend on kettle bells. Good exercise to add into a leg regimen for hip flexion in a dynamic movement. Make sure you are using your hip flexing action to move the dumbbells and not trying to lift the dumbbell with y...
by Slacker
Wed Mar 21, 2018 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: Can I Retire at 38?
Replies: 118
Views: 12551

Re: Can I Retire at 38?

Just FYI - "stay-at-home" moms are a very recent development, really only in the past 70-80 years in the western world. Believe me, 19th century (and earlier) "stay-at-home" moms worked very very hard every day all day, and the kids worked too. Your point is still valid, however. Agreed. Retirement...
by Slacker
Tue Mar 20, 2018 10:29 pm
Forum: Personal Consumer Issues
Topic: Bogleheads car buying strategies with new safety technologies
Replies: 71
Views: 4706

Re: Bogleheads car buying strategies with new safety technologies

Former SCCA (solo I & II) enthusiast here who used to only drive manual transmission cars. We've had a Toyota with their TSS-P (Toyota Safety Sense with Pedestrian detection) for 6 months now. Going back to a car without it is a night and day difference. Rear cross traffic alert is actually indispen...
by Slacker
Tue Mar 20, 2018 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: Can I Retire at 38?
Replies: 118
Views: 12551

Re: Can I Retire at 38?

importantly you will always have in the back of your mind that you should have worked in your prime years. Did you have children at home at the time? Do you really "beat yourself up" over not having worked in your prime years? Sheesh -> I think more about how I am wasting my best years slaving away...
by Slacker
Mon Mar 19, 2018 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: Can I Retire at 38?
Replies: 118
Views: 12551

Re: Can I Retire at 38?

What is your non-real estate networth? Multiply this by 3.5% to get your 50 year horizon SWR estimate. Over how many years did you calculate your $3000/month net from real estate? Have you already experienced large capital expenditures such as a new roof or appliances failing at multiple properties ...
by Slacker
Thu Mar 15, 2018 3:36 pm
Forum: Investing - Help with Personal Investments
Topic: Where do you save for your IRA Contribution?
Replies: 12
Views: 1022

Re: Where do you save for your IRA Contribution?

I'm going to guess the op maxed their IRA and are saving for the following year (2018 maxed and wondering where to stash 2019s contribution). We just direct taxable monthly savings towards iras at the beginning of the year instead of sitting on cash for any length of time. Once IRAs are maxed, we go...
by Slacker
Mon Mar 12, 2018 12:01 pm
Forum: Personal Consumer Issues
Topic: Should we buy my wife a new car?
Replies: 53
Views: 3491

Re: Should we buy my wife a new car?

Since your wife is unwilling to fully trade cars with you, have you tried to convince her to drive your car on occasion to become accustomed to it such that when the weather is really bad (black ice potential, driving rain, packed snow & ice) she can simply take your car for that one day to have the...
by Slacker
Fri Mar 09, 2018 11:58 pm
Forum: Personal Consumer Issues
Topic: Plastic free coffee maker?
Replies: 22
Views: 2409

Re: Plastic free coffee maker?

I don't use boiling water in my aeropress and I believe the instructions tell you to use water below boiling. I target 175-185 degrees. I am under the impression that water at this heat level is fairly safe for the type of plastics used. For a 16 oz cup of coffee I use 10 gms of coffee grounds and f...
by Slacker
Thu Mar 08, 2018 7:27 pm
Forum: Investing - Help with Personal Investments
Topic: Ok fellow bogleheads, was the correction scary or nothing?
Replies: 147
Views: 10457

Re: Ok fellow boggelheads, was the correction earlier this year scary?

2008 was damn scary. I don't know of many brave people during the firestorm of 2008. I had a front row seat... age 52, new job, relocation, couldn't sell home, life time savings down 40%, new company considering bankruptcy. I consider myself lucky to have survived 2008. 2008 may be the reason why m...
by Slacker
Thu Mar 08, 2018 7:22 pm
Forum: Investing - Help with Personal Investments
Topic: Ok fellow bogleheads, was the correction scary or nothing?
Replies: 147
Views: 10457

Re: Ok fellow bogleheads, was the correction scary or nothing?

Not scary, just an annoyance for my spouse. She had already bought all her Roth IRA funds for the year about 2 weeks before the correction at about a 7-8% premium compared to the lower prices. I simply reminded her that 10 years from now, such a small difference will have been meaningless noise and ...
by Slacker
Thu Mar 08, 2018 5:07 pm
Forum: Personal Consumer Issues
Topic: Consumer Reports Auto Issue Out now
Replies: 48
Views: 4738

Re: Consumer Reports Auto Issue Out now

I understand why people buy Fiats...they are cheap. But what about Jeeps and Land Rovers? Why do people buy these stinkers? Land Rover - image. They are expensive, so most people that desire them don't care about a higher failure rate, they are more concerned with image. Jeep (esp Wrangler) - near ...
by Slacker
Sun Mar 04, 2018 2:09 pm
Forum: Personal Consumer Issues
Topic: Flying Frontier- Heads Up
Replies: 21
Views: 2516

Re: Flying Frontier- Heads Up

I only fly frontier when doing a 1-3 day trip and their fares are at around $29 each way. That way I can pack all my hygeine items and clothes in the "personal bag" and avoid all fees fully understanding its basically just a greyhound bus with wings. Makes it very affordable for a quick jaunt to Veg...
by Slacker
Sat Mar 03, 2018 10:17 pm
Forum: Personal Consumer Issues
Topic: Thinking of getting an Apple Watch
Replies: 73
Views: 6760

Re: Thinking of getting an Apple Watch

I skipped the Apple Watch and Android Wearables due to short battery life and no desire to have all my notifications on my wrist. However, I did want a fitness tracker so I picked up the Garmin Fenix 3 HR sapphire after the price was nearly cut in half. Charge lasts about a month if you don't do hea...
by Slacker
Fri Mar 02, 2018 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: Any strategies if one spouse is over FICA max and other is not?
Replies: 5
Views: 514

Re: Any strategies if one spouse is over FICA max and other is not?

With comparable health care plans (cost & coverage) under an HSA + HDHP scenario, have the lower earning spouse be the medical insurance carrier and do the full contribution to the family HSA through payroll deductions. Not sure if this is 100% correct, but it intuitively makes sense to me that the ...
by Slacker
Wed Feb 28, 2018 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Thoughts on Credit Cards?? [Credit card vs. debit card]
Replies: 107
Views: 4749

Re: Thoughts on Credit Cards?? [Credit card vs. debit card]

If you worry of "overspending" on credit cards: 1. Set up your utility bills with rewards (cash back / mileage) credit cards. I would find it difficult for any literature to prove that you "spend more" on water, electricity, internet, cellphone, natural gas because you use a credit card. 2. All othe...
by Slacker
Wed Feb 28, 2018 12:14 pm
Forum: Personal Consumer Issues
Topic: Move to Orange County
Replies: 50
Views: 4045

Re: Move to Orange County

Question for those on the west coast around Orange County. Can a couple live “comfortably” on 185-200k a year? We would rent as this will most likely be short term 3-5 years. Thanks. I would guess there are online calculators that would let you figure out your after tax? California seems to have re...
by Slacker
Sat Feb 24, 2018 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: # X Gross = Home price?
Replies: 81
Views: 5714

Re: # X Gross = Home price?

The metro we currently live in: a "starter home" would be about 0.8x our gross annual salary (combined).

Though, I'm not clear if you were asking for a comparison or asking for details on how you should proceed.
by Slacker
Thu Feb 22, 2018 2:16 am
Forum: Personal Finance (Not Investing)
Topic: Military FIRE; 7 years to go & losing motivation--HELP!
Replies: 36
Views: 3393

Re: Military FIRE; 7 years to go & losing motivation--HELP!

The thought of getting out of the Army is growing each and every day because it's not what I'm really passionate about, but doing that at this point seems like a fairly drastic move and perhaps not the wisest in the grand scheme of things. Thanks in advance! Reminds me of a recent Mark Cuban (billi...
by Slacker
Thu Feb 15, 2018 3:52 am
Forum: Personal Consumer Issues
Topic: Dental chews for dogs....useful?
Replies: 36
Views: 2130

Re: Dental chews for dogs....useful?

When I last looked into this with regard to actual bones I found some recommend raw bones while others state that over time a dog can start to crack their molars gnawing on raw bones (timeframe on the order of 6+ years). We brush her teeth maybe 3x a week. Thanks for the heads up on the Milk Bone br...
by Slacker
Tue Feb 13, 2018 12:41 am
Forum: Investing - Theory, News & General
Topic: Day trading for a living/career?
Replies: 95
Views: 6972

Re: Day trading for a living/career?

The only contracting I care to do anymore are my own projects. Going to build us a new home in a few years, possibly some rental properties. Tired of working on everyone else's projects. ...so you were asking about Day Trading (all I know about Day Trading is that you'd probably make more money if ...
by Slacker
Tue Feb 13, 2018 12:21 am
Forum: Investing - Theory, News & General
Topic: U-Haul Investors Club
Replies: 14
Views: 2819

Re: U-Haul Investors Club

So, this is how a franchisee can get a loan for new u-haul equipment?

Do you get to look at the financials for the individual franchise you are providing a loan to?