Search found 118 matches

by investing1012
Fri Oct 20, 2017 11:35 am
Forum: Personal Finance (Not Investing)
Topic: I have to fire someone that I care about personally
Replies: 83
Views: 4795

Re: I have to fire someone that I care about personally

Can you post a picture for us to give you solid advice?

This post is not appropriate for this forum. But you’d be a weasel to fire someone on the phone instead of in person. Also if she’s truly a friend then you should give a severance payment.
by investing1012
Sun Oct 15, 2017 9:31 pm
Forum: Personal Finance (Not Investing)
Topic: You career roots and your path to financial independence. "Actionable: steps and tips for others?
Replies: 56
Views: 5526

Re: You career roots and your path to financial independence. "Actionable: steps and tips for others?

Get a degree or certification. Live below means. Make sure you are compensated above average for field, or make a change. My wife and I are 34 and have $1.1 net worth. We are both engineers. We live in a duplex, rent out the other half. We save $148k per year. Our income is $260k. We take advantage...
by investing1012
Sun Oct 15, 2017 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: You career roots and your path to financial independence. "Actionable: steps and tips for others?
Replies: 56
Views: 5526

Re: Blue collar (or other) roots and your path to financial independence. Steps and tips for others?

Never compromise your principles, regardless of temptation. You may not have the largest accumulation of loot in the end, but having no personal regrets over your moral decisions is priceless. You can't be too dogmatic on anything. Sometimes you have to bend to get to your desired goals. It is not ...
by investing1012
Sun Oct 15, 2017 11:38 am
Forum: Personal Finance (Not Investing)
Topic: You career roots and your path to financial independence. "Actionable: steps and tips for others?
Replies: 56
Views: 5526

Re: Blue collar (or other) roots and your path to financial independence. Steps and tips for others?

I remember some days I would go to the library in the early morning when it was dark and would come out of the library at night when it was dark again. Hard work pays off. Very easy to do in the wintertime if you live up north.. heck, there were winters that it seemed like I only saw the sun for a ...
by investing1012
Sun Oct 15, 2017 11:36 am
Forum: Personal Finance (Not Investing)
Topic: You career roots and your path to financial independence. "Actionable: steps and tips for others?
Replies: 56
Views: 5526

Re: Blue collar (or other) roots and your path to financial independence. Steps and tips for others?

vested1 wrote:
Sun Oct 15, 2017 9:45 am
Never compromise your principles, regardless of temptation. You may not have the largest accumulation of loot in the end, but having no personal regrets over your moral decisions is priceless.
You can't be too dogmatic on anything. Sometimes you have to bend to get to your desired goals.
by investing1012
Sat Oct 14, 2017 9:03 pm
Forum: Personal Finance (Not Investing)
Topic: You career roots and your path to financial independence. "Actionable: steps and tips for others?
Replies: 56
Views: 5526

Re: Blue collar (or other) roots and your path to financial independence. Steps and tips for others?

I used to work 6 bucks an hour at a convenience store. I studied my ass off and got into medschool and now combined with my wife we're making near 7 digit salary. I remember some days I would go to the library in the early morning when it was dark and would come out of the library at night when it w...
by investing1012
Wed Oct 11, 2017 2:29 pm
Forum: Investing - Help with Personal Investments
Topic: What is a good Asset Allocation
Replies: 48
Views: 2633

Re: What is a good Asset Allocation

take a look at vanguard's target retirement funds (~TR2040) +1 To the OP, Some very well trained and experienced people set the asset allocation for the targets date funds at companies like Vanguard, Fidelity, T.Rowe Price, Schwab, and others. There can of course be reasons that your situation is a...
by investing1012
Tue Oct 10, 2017 5:44 pm
Forum: Investing - Help with Personal Investments
Topic: What is a good Asset Allocation
Replies: 48
Views: 2633

Re: What is a good Asset Allocation

My assets have reached a million and that definitely makes me more skiddish with our current political environment and the high value of stocks. I'm moving towards 80/20 stock bond ratio and 30% of stocks in international. This sounds like a market-timing approach, which isn't recommended. You need...
by investing1012
Tue Oct 10, 2017 1:04 pm
Forum: Investing - Help with Personal Investments
Topic: What is a good Asset Allocation
Replies: 48
Views: 2633

Re: What is a good Asset Allocation

My assets have reached a million and that definitely makes me more skiddish with our current political environment and the high value of stocks. I'm moving towards 80/20 stock bond ratio and 30% of stocks in international. This sounds like a market-timing approach, which isn't recommended. You need...
by investing1012
Tue Oct 10, 2017 11:46 am
Forum: Investing - Help with Personal Investments
Topic: What is a good Asset Allocation
Replies: 48
Views: 2633

Re: What is a good Asset Allocation

Thank you for the input, I'm doing a combination of the above. My assets have reached a million and that definitely makes me more skittish with our current political environment and the high value of stocks.

I'm moving towards 80/20 stock bond ratio and 30% of stocks in international.
by investing1012
Tue Oct 10, 2017 10:59 am
Forum: Investing - Help with Personal Investments
Topic: What is a good Asset Allocation
Replies: 48
Views: 2633

What is a good Asset Allocation

What's a Good Asset Allocation for a couple in their mid 30s with relatively high stable incomes in terms of Stock/Bond asset allocation? Their main goal is to be financially independent sooner rather than later.
by investing1012
Sat Oct 07, 2017 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Growing old without kids or younger caring relatives
Replies: 103
Views: 17960

Re: Growing old without kids or younger caring relatives

The older I get the more I worry. My parents are in their 90s and still in good health but I see the time coming soon when my brother and I will have to spend a lot of effort caring for them. Not financially, but looking out for their interests when they can't. We don't want them abused or taken ad...
by investing1012
Fri Oct 06, 2017 10:04 am
Forum: Personal Consumer Issues
Topic: Sent to collections by a hospital we've never been to?
Replies: 40
Views: 3355

Re: Sent to collections by a hospital we've never been to?

What probably happened is that you had a pathology specimen read at a second hospital for a second opinion. The hospital is trying to recoup its payment from the read.
by investing1012
Mon Oct 02, 2017 7:26 pm
Forum: Investing - Theory, News & General
Topic: $10 million+ - Still Working and LBYM
Replies: 162
Views: 16308

Re: $10 million+ - Still Working and LBYM

TomatoTomahto wrote:
Mon Oct 02, 2017 7:12 pm
investing1012 wrote:
Mon Oct 02, 2017 6:25 pm
It’s not an investment if you live in the home
Wrong. It’s not an investment if you must continue to live in the home.
I beg to differ.
by investing1012
Mon Oct 02, 2017 6:25 pm
Forum: Investing - Theory, News & General
Topic: $10 million+ - Still Working and LBYM
Replies: 162
Views: 16308

Re: $10 million+ - Still Working and LBYM

It’s not an investment if you live in the home
by investing1012
Mon Oct 02, 2017 1:31 am
Forum: Investing - Theory, News & General
Topic: $10 million+ - Still Working and LBYM
Replies: 162
Views: 16308

Re: $10 million+ - Still Working and LBYM

Why would anyone have cable in the age of the internets
by investing1012
Sun Oct 01, 2017 5:30 pm
Forum: Investing - Theory, News & General
Topic: $10 million+ - Still Working and LBYM
Replies: 162
Views: 16308

Re: $10 million+ - Still Working and LBYM

Hypothetically speaking if someone was part of the 3 comma club would you still recommend index funds? At that point you'd be paying 400k per year just to have your funds indexed. Might as well just buy stock at that point. Why? So you can pay someone $1,000,000 a year to collect dividends from hun...
by investing1012
Sun Oct 01, 2017 1:52 pm
Forum: Investing - Theory, News & General
Topic: $10 million+ - Still Working and LBYM
Replies: 162
Views: 16308

Re: $10 million+ - Still Working and LBYM

Hypothetically speaking if someone was part of the 3 comma club would you still recommend index funds? At that point you'd be paying 400k per year just to have your funds indexed. Might as well just buy stock at that point.
by investing1012
Sun Oct 01, 2017 9:20 am
Forum: Personal Consumer Issues
Topic: a $2000 pizza
Replies: 19
Views: 1790

Re: a $2000 pizza

Pretty sure ingesting gold is toxic.
by investing1012
Fri Sep 29, 2017 2:21 am
Forum: Personal Consumer Issues
Topic: What are your monthly expenses?
Replies: 69
Views: 7333

Re: What are your monthly expenses?

We have a 25 year old single daughter living at home (if you want to date her you'll have to take it up with her 6'4" boyfriend). Her monthly expenses are pretty much: Take out / Out to eat : $60 Room, board, cell phone payments to us: $200 Alcohol: $0 Gas: $32 Auto insurance and maintenance: $80 C...
by investing1012
Thu Sep 21, 2017 4:06 pm
Forum: Personal Consumer Issues
Topic: Tenant wants to break contract. How much to pay an attorney?
Replies: 33
Views: 2376

Re: Tenant wants to break contract. How much to pay an attorney?

LarryAllen wrote:
Thu Sep 21, 2017 4:00 pm
You might change the facts slightly so it's not obvious who you are on the very unlikely chance your tenant or his lawyer reads this. You really don't want you strategy being known to the opposition.
I thought I hadn't put many specific facts.
by investing1012
Thu Sep 21, 2017 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Would you get flood insurance?
Replies: 25
Views: 1414

Would you get flood insurance?

So I live in Houston and my house did not get flooded during Harvey. The water didn't even come up the drive-way. I'm debating on getting flood insurance. I'm not in a flood zone (apparently i'm in the 500 year flood zone according to the county). Would you get flood insurance now even though your h...
by investing1012
Thu Sep 21, 2017 12:56 pm
Forum: Personal Consumer Issues
Topic: Tenant wants to break contract. How much to pay an attorney?
Replies: 33
Views: 2376

Re: Tenant wants to break contract. How much to pay an attorney?

If your current tenant leaves tomorrow, are you not going to try to re-rent the place? You'll need to try and mitigate your loss. If your current tenant leaves tomorrow and you rent it to someone else next week, you have no damages other than one week of lost rent and associated costs. You can't re...
by investing1012
Thu Sep 21, 2017 12:24 pm
Forum: Personal Consumer Issues
Topic: Tenant wants to break contract. How much to pay an attorney?
Replies: 33
Views: 2376

Re: Tenant wants to break contract. How much to pay an attorney?

If your current tenant leaves tomorrow, are you not going to try to re-rent the place? You'll need to try and mitigate your loss. If your current tenant leaves tomorrow and you rent it to someone else next week, you have no damages other than one week of lost rent and associated costs. You can't re...
by investing1012
Thu Sep 21, 2017 11:50 am
Forum: Personal Consumer Issues
Topic: Tenant wants to break contract. How much to pay an attorney?
Replies: 33
Views: 2376

Re: Tenant wants to break contract. How much to pay an attorney?

You should view that first letter from the tenant as the beginning of a negotiation. The tenant's attorney certainly knows what the contract says and that he'll likely lose if you do pursue it in court. No one wants to pursue something like this in court. Both sides know it would be time-consuming ...
by investing1012
Thu Sep 21, 2017 10:35 am
Forum: Personal Consumer Issues
Topic: Tenant wants to break contract. How much to pay an attorney?
Replies: 33
Views: 2376

Re: Tenant wants to break contract. How much to pay an attorney?

You aren't giving a lot of detail, but I would just tell the attorney that I expect the tenant to adhere to the terms of the contract as well as the law and that the contract states that the party who loses any dispute pays all legal fees and wait for a reply. Well I'm hoping to just negotiate with...
by investing1012
Thu Sep 21, 2017 10:25 am
Forum: Personal Consumer Issues
Topic: Tenant wants to break contract. How much to pay an attorney?
Replies: 33
Views: 2376

Tenant wants to break contract. How much to pay an attorney?

I have a small commercial property. My tenant went to an attorney who wrote me a letter stating the tenant wants to break contract for a reason that sounds unreasonable to me. I contacted an attorney (with good reviews) who stated that the tenant was in the wrong. Is it worth it to get an attorney t...
by investing1012
Sat Sep 16, 2017 6:10 am
Forum: Personal Finance (Not Investing)
Topic: Mother-In-Law dying, Wife wants to buy a Porsche
Replies: 51
Views: 5179

Re: Mother-In-Law dying, Wife wants to buy a Porsche

Just like it says...My MIL was diagnosed with a Glioblastoma back in May. For those of you who don't know, this is basically a death sentence. She is 79 and was in decent health. We thought because they caught it before any major symptoms, she might get 18 months. She lived alone until this diagnos...
by investing1012
Fri Sep 15, 2017 9:03 am
Forum: Personal Finance (Not Investing)
Topic: Deceased Mother medical bill
Replies: 42
Views: 5369

Re: Deceased Mother medical bill

Back in the 1300s the children were enslaved due to the debts of their parents. I'm not a lawyer but I'm pretty sure in this day and age you don't owe a cent to anyone because of your parent's debt (given you didn't cosign something saying you would pay her debt). Addendum: I just read in your other...
by investing1012
Thu Sep 14, 2017 8:46 am
Forum: Investing - Help with Personal Investments
Topic: How often do you put money in Vanguard
Replies: 55
Views: 4306

Re: How often do you put money in Vanguard

Monthly. OP: Curious why you ask. Are you trying to decide whether to add weekly, monthly, quarterly? There are several considerations (DCA, Taxable lot management, etc.) so you might want to expand your question to include background. Yes, I'm considering how I should put money into my account. I ...
by investing1012
Wed Sep 13, 2017 9:24 am
Forum: Investing - Help with Personal Investments
Topic: How often do you put money in Vanguard
Replies: 55
Views: 4306

Re: How often do you put money in Vanguard

Other than establishing via transfers to Vanguard three 529 accounts, my last deposit to Vanguard was in August of 2015. I mailed the largest check I've ever had received, it was my lump-sum retirement. I guess by having all dividends and capital gains reinvested I am technically putting money in V...
by investing1012
Wed Sep 13, 2017 9:09 am
Forum: Investing - Help with Personal Investments
Topic: How often do you put money in Vanguard
Replies: 55
Views: 4306

How often do you put money in Vanguard

Not including the automatic checks made to your 401k how frequently do you put money into your Vanguard (or other index fund) account?
by investing1012
Tue Sep 12, 2017 2:09 pm
Forum: Personal Consumer Issues
Topic: Classic Car for Teen Driver(?)
Replies: 106
Views: 17684

Re: Classic Car for Teen Driver(?)

Motor Vehicle Accidents are the number 1 cause of death for individuals between 1-40 years old. Given the improved safety features I would never let my child drive a car greater than 10 years old.
by investing1012
Tue Sep 12, 2017 1:59 pm
Forum: Personal Consumer Issues
Topic: Iphone X is $1000
Replies: 333
Views: 20262

Iphone X is $1000

Holy $$$, Iphone X is $1000
by investing1012
Tue Sep 12, 2017 12:36 pm
Forum: Personal Consumer Issues
Topic: Feeling guilty for buying a new iPad pro
Replies: 30
Views: 2400

Re: Feeling guilty for buying a new iPad pro

I think the best solution is to buy a 1 year old model so you can get it at a steep discount compared to the newest model.
by investing1012
Tue Sep 12, 2017 12:32 pm
Forum: Personal Consumer Issues
Topic: What money to store outside for disaster?
Replies: 63
Views: 4929

Re: What money to store outside for disaster?

You can put it in a ziplock bag.
by investing1012
Mon Sep 11, 2017 5:27 pm
Forum: Personal Consumer Issues
Topic: Feeling guilty for buying a new iPad pro
Replies: 30
Views: 2400

Re: Feeling guilty for buying a new iPad pro

Ok I'm convinced I'll buy one :) though I have no where near the money I need to retire. I'll wait till the product launch though
by investing1012
Mon Sep 11, 2017 2:05 pm
Forum: Personal Consumer Issues
Topic: Feeling guilty for buying a new iPad pro
Replies: 30
Views: 2400

Feeling guilty for buying a new iPad pro

My iPad stalls every so often and I'mthinking of buying an iPad Pro. Do the bogleheads feel guilty on these types of splurges?
by investing1012
Sun Sep 10, 2017 6:53 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Checkup - Physician nearing end of Training
Replies: 27
Views: 2586

Re: Retirement Checkup - Physician nearing end of Training

Hello Bogleheads, Long time reader of these forums along with WCI; first-time poster here. A quick overview of life: -Final year of training as a surgeon (current income $50k/yr) - expected income next two years (Starting Aug 2018) $350k/yr; then $500-700k; then $700k-1m++++ -Starting to moonlight ...
by investing1012
Sun Sep 10, 2017 3:51 am
Forum: Personal Consumer Issues
Topic: Luxury car: perception vs reality
Replies: 118
Views: 6498

Re: Luxury car: perception vs reality

I'm still glad I bought my Tesla. Granted it was expensive but the autopilot helps my long daily commute.
by investing1012
Sat Sep 09, 2017 10:12 pm
Forum: Investing - Help with Personal Investments
Topic: 529 plan
Replies: 4
Views: 320

Re: 529 plan

I see thanks
by investing1012
Sat Sep 09, 2017 10:03 pm
Forum: Investing - Help with Personal Investments
Topic: 529 plan
Replies: 4
Views: 320

Re: 529 plan

I thought you have to put post tax dollars in 529 plan
by investing1012
Sat Sep 09, 2017 9:59 pm
Forum: Investing - Help with Personal Investments
Topic: 529 plan
Replies: 4
Views: 320

529 plan

What is the advantage of a 529 plan if you live in a state with no income tax
by investing1012
Sat Sep 09, 2017 7:10 pm
Forum: Investing - Help with Personal Investments
Topic: REIT vs Bonds as a hedge against Stocks
Replies: 11
Views: 1319

REIT vs Bonds as a hedge against Stocks

Hi, What do the bogleheads think of REIT and Bonds as a hedge against stocks?
by investing1012
Sat Sep 09, 2017 10:54 am
Forum: Personal Finance (Not Investing)
Topic: At what point would you considering Umbrella Insurance
Replies: 37
Views: 3547

At what point would you considering Umbrella Insurance

At what point would you consider getting Umbrella Insurance?

Does it depend on your net worth?
by investing1012
Sat Sep 09, 2017 10:51 am
Forum: Investing - Help with Personal Investments
Topic: Couple in early 30s, any changes?
Replies: 28
Views: 3826

Re: Couple in early 30s, any changes?

You can edit your post to follow the below format. It makes it easier for people to give you advice (with less clarification questions). https://www.bogleheads.org/wiki/Asking_portfolio_questions That involves too much work :sharebeer I got the jist though, that I need to put my bonds in tax-advant...
by investing1012
Fri Sep 08, 2017 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Purchasing Home With Girlfriend; Good or Bad?
Replies: 68
Views: 5687

Re: Purchasing Home With Girlfriend; Good or Bad?

Hello, There are a few threads on this topic already: Unmarried couple purchasing a home? https://www.bogleheads.org/forum/viewtopic.php?t=218150 Buying a house with a partner, not married: https://www.bogleheads.org/forum/viewtopic.php?t=136169 Unmarried couple buying a house together https://www....
by investing1012
Fri Sep 08, 2017 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Purchasing Home With Girlfriend; Good or Bad?
Replies: 68
Views: 5687

Re: Purchasing Home With Girlfriend; Good or Bad?

Hi all, I am currently unmarried and in a long-term relationship. I live in a condo that I own while she lives with her parents. I'm not sure if we're going to get married. She recently mentioned that she would like us to buy a home together. What are the pitfalls to purchasing a home together with...