Search found 29 matches

by Ependytis
Thu Nov 07, 2019 12:57 pm
Forum: Personal Consumer Issues
Topic: When to buy Car extended warranty ?
Replies: 55
Views: 2635

Re: When to buy Car extended warranty ?

Product warranties are just insurance in case the product fails. Like all insurance it only makes sense to protect you from a catastrophic loss. After all the insurance company wouldn’t offer it unless they could make a profit. A car repair is not considered a catastrophic loss and if I did consider...
by Ependytis
Wed Oct 16, 2019 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Prenuptial agreement for moderately successful 30 year olds
Replies: 68
Views: 5001

Re: Prenuptial agreement for moderately successful 30 year olds

I think in this thread emotional versus rational reasons for a prenup are being mixed up. The greatest destroyer of wealth is divorce. There are 4 ways to manage this risk. 1) You could accept the risk of divorce like some have suggested and get married with no prenup. 2) You could avoid the risk of...
by Ependytis
Wed Oct 16, 2019 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Prenuptial agreement for moderately successful 30 year olds
Replies: 68
Views: 5001

Re: Prenuptial agreement for moderately successful 30 year olds

As they say, you can either go with the government contract or marriage license or develop your own in the form of a prenup. I strongly recommend you develop your own. I would challenge anybody to bring up a contract that is as one-sided as the government marital contract. I know too many people who...
by Ependytis
Mon Oct 14, 2019 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: poor Boglehead sending my kids to college
Replies: 69
Views: 5832

Re: poor Boglehead sending my kids to college

I would opt for choice A with free tuition and room and board already covered. Our jobs as parents and a gift to our kids is to teach kids what the real world is like so they can leave the nest. Things cost money and pretending they don’t by paying for a kid when it’s unnecessary doesn’t teach them ...
by Ependytis
Sun Oct 13, 2019 6:22 am
Forum: Personal Consumer Issues
Topic: Hotel mini bar - rude to use for own stuff
Replies: 42
Views: 6268

Re: Hotel mini bar - rude to use for own stuff

No need to worry about using the hotel refrigerator or if the hotel even has a refrigerator. I make my own cooler. I do this by filling a resealable bag with ice and placing it a reuseable grocery bag lined with newspapers. This last 24 hours even in HawaiiI and is portable.
by Ependytis
Sun Sep 08, 2019 10:38 am
Forum: Personal Consumer Issues
Topic: Danger of mail order drugs, recent television report
Replies: 26
Views: 2741

Re: Danger of mail order drugs, recent television report

I work for a drug company.. Drug companies control the drug temperature from the time the drug is manufactured, formulated, filled, sent to a distribution center, and ultimately to the clinician. Once the clinician has it, it’s out of the hands of the drug company. However, all drugs are labeled wit...
by Ependytis
Wed Sep 04, 2019 10:14 pm
Forum: Personal Finance (Not Investing)
Topic: Estate Planning - what instructions to leave for wife to handle finances
Replies: 19
Views: 2311

Re: Estate Planning - what instructions to leave for wife to handle finances

You could always ask your spouse what she feels comfortable with in terms of managing the finances when you’re gone. If what she can handle is agreeable to you, like putting money into a balanced fund or having Vanguard manage it, then go ahead and do it. If what she can handle is not agreeable to y...
by Ependytis
Sun Aug 25, 2019 12:22 pm
Forum: Personal Consumer Issues
Topic: Another car affordability question, YOLO vs. extreme FI
Replies: 64
Views: 3726

Re: Another car affordability question, YOLO vs. extreme FI

The trouble with cars is they’re capital intensive and depreciate -15%/year after the first year. If they appreciated the decision would be easy- go for it. And of course in the United States the speed limit and other cars greatly restrict how much of their performance you can use. I have toyed with...
by Ependytis
Tue Jul 09, 2019 1:41 pm
Forum: US Chapters
Topic: New Orange County, CA Local Chapter established
Replies: 70
Views: 7327

Re: Orange County, CA chapter?

For a meeting place, I have access to a golf course meeting room in Irvine. Feel free to contact me.
by Ependytis
Fri Jul 05, 2019 11:36 am
Forum: Personal Consumer Issues
Topic: Frequent Flyer No Man's Land?
Replies: 17
Views: 2351

Re: Frequent Flyer No Man's Land?

This is precisely why I don’t use air miles- it’s too big of a hassle. By the time I have paid the credit card fee, made sure the flight meets my company’s requirements, made sure I was rewarded for miles, made sure the airlines have not increased the requirements to qualify for a free flight, and t...
by Ependytis
Mon Jun 24, 2019 2:27 pm
Forum: US Chapters
Topic: New Orange County, CA Local Chapter established
Replies: 70
Views: 7327

Re: Orange County, CA chapter?

I would be interested in an orange county chapter. I live in Lake Forest and work in Irvine.
by Ependytis
Sat Jun 22, 2019 9:57 am
Forum: Personal Consumer Issues
Topic: Highest % cash back credit card
Replies: 77
Views: 6591

Re: Highest % cash back credit card

The four best cash back cards that I’ve been able to find with no gimmicks are Pen Fed Cash Rewards, American Express Preferred, Uber, and Citibank Double Cash. When I say no gimmicks I mean no rotating categories or limited time offers. With these cards and just my spending, I can get about $750 a ...
by Ependytis
Mon Jun 17, 2019 4:35 pm
Forum: Personal Consumer Issues
Topic: How to avoid high vet bills?
Replies: 110
Views: 7327

Re: How to avoid high vet bills?

In addition to vaccine clinics, I would also recommend purchasing your medications from an on line source or Costco. They are typically half the price of your veterinarian. You can also treat your dog with human medications- look it up on the Internet. I found instead of taking my dog to the vet I c...
by Ependytis
Sat Jun 15, 2019 5:13 pm
Forum: Personal Consumer Issues
Topic: Cartier bracelet
Replies: 40
Views: 3515

Re: Cartier bracelet

If you have the money go ahead and buy the Cartier bracelet and the new house. If money was tight and I had a SO that demanded such things I wouldn’t feel very good about myself by providing them.
by Ependytis
Wed Jun 12, 2019 8:33 pm
Forum: Personal Consumer Issues
Topic: Which shaving cream / oil?
Replies: 58
Views: 4210

Re: Which shaving cream / oil?

I use safflower oil. I prepare my beard by placing a hot towel over it for a couple minutes. It works like a charm on a heavy beard and I can also use the safflower for dry skin. As an added benefit it is dirt cheap .
by Ependytis
Wed Jun 12, 2019 6:20 pm
Forum: Personal Consumer Issues
Topic: What lifestyle creep made you happier?
Replies: 412
Views: 46940

Re: What lifestyle creep made you happier?

I am surprised no one mentioned a HCOL area with nice weather. I am so thankful that I do not need to bundle up, preheat the car, scrape ice off the windows, clear the driveway, worry about the driving conditions or if my car breaks down and I freeze to death. I am so grateful I don’t live in winter...
by Ependytis
Tue May 14, 2019 2:35 pm
Forum: Personal Investments
Topic: 31 Years Old, Sold Company for 3MM. Want to retire. How to allocate in taxable?
Replies: 19
Views: 3223

Re: 31 Years Old, Sold Company for 3MM. Want to retire. How to allocate in taxable?

I am surprised that nobody brought up just because he sold the company for $3 million doesn’t mean that he has $3 million. What about taxes on the sale?
by Ependytis
Mon Dec 31, 2018 9:17 am
Forum: Personal Finance (Not Investing)
Topic: How to convert someone to be a boglehead...
Replies: 18
Views: 1363

Re: How to convert someone to be a boglehead...

I was convinced to start my Boglehead ways on my first job when a successful middle aged colleague showed me the benefits of exponential growth. When I saw the graph of how your money grows over time I was convinced to start being a saver and investor. I didn’t want to be like one of my relatives wh...
by Ependytis
Sat Dec 29, 2018 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford private school & savings & student debt?
Replies: 39
Views: 2802

Re: Can we afford private school & savings & student debt?

I understand you want your children to have the same private school experience you did. However, given your finances, I would strongly recommend you focus on reducing debt. When in doubt, I always try to look for data to substantiate my decision. For example, when my optometrist couldn't show me dat...
by Ependytis
Fri Dec 28, 2018 4:22 pm
Forum: Personal Consumer Issues
Topic: Why do people buy- performance cars?
Replies: 67
Views: 2689

Why do people buy- performance cars?

Why do people buy performance cars? As my dad said, you can only go the speed limit. My significant other has the Acura TLX. It’s super fast from zero to whatever the speed limit is but you can only enjoy the performance for a very short period of time. I understood if we had an auto bonn where you ...
by Ependytis
Fri Aug 10, 2018 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: Should I tell my family/friend that they are making a financial mistake?
Replies: 87
Views: 8456

Re: Should I tell my family/friend that they are making a financial mistake?

When I have given financial advice I have been disappointed- it seems like it goes nowhere another words the recipient never follows up with questions. So now I just refer people to this site and let them know I would be happy to answer questions. This way I don’t feel put out or that I am withholdi...
by Ependytis
Thu Jul 12, 2018 12:49 pm
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 367
Views: 22793

Re: COMING SOON: BOGLEHEADS PODCASTS

Less is more Bogleheads podcast
by Ependytis
Sat Jun 02, 2018 9:02 am
Forum: Personal Finance (Not Investing)
Topic: What do you guys do on the side?
Replies: 299
Views: 34120

Re: The Side Hustle

I started teaching at the local university extension 10 years ago. It provides 15% of my salary and look forward to doing it in retirement. I got started when a colleague recommended I apply with a MBA and a certification in the course. It’s 5 months out of the year- 2 days a week, one weekday night...
by Ependytis
Sun May 20, 2018 9:24 am
Forum: Personal Finance (Not Investing)
Topic: Golden Handcuffs
Replies: 53
Views: 10190

Re: Golden Handcuffs

With two young children and a wife that doesn’t work, I think I would stay until the wife started working and I found something different. You can always have a side gig if work is not fulfilling or take classes to get certified and advance in your career. I did this and got a job teaching part time...
by Ependytis
Wed Apr 11, 2018 1:50 pm
Forum: Personal Consumer Issues
Topic: Anyone tried a sunrise alarm clock?
Replies: 55
Views: 6204

Re: Anyone tried a sunrise alarm clock?

I had a sunrise alarm clock. The clock was not for me because I would anticipate when the light was going to turn on and not get a good rest. Waking up to a classical music alarm works much better for me
by Ependytis
Mon Apr 09, 2018 12:09 pm
Forum: Personal Consumer Issues
Topic: Tequila and Magaritas
Replies: 122
Views: 15248

Re: Tequila and Magaritas

Trader Joe’s has an excellent tequila for margaritas. It’s called Zapopan and it is 100% agave. I don’t know if they still have it available but it was relatively inexpensive- $11 for 1 liter.
by Ependytis
Mon Mar 19, 2018 12:14 pm
Forum: Personal Consumer Issues
Topic: How do you find good travel deals?
Replies: 20
Views: 3527

Re: How do you find good travel deals?

Groupon offers travel packages at a steep discount. I had a friend and his wife take a trip to South Africa for a third of the quoted AAA cost and he loved it. I would just make sure that at least 10 people have bought the package and that the trip was rated 4 stars or greater (both shown on the sit...
by Ependytis
Fri Mar 16, 2018 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: Those with high savings rate: why?
Replies: 249
Views: 39771

Re: Those with high savings rate: why?

The reason l save so much (more than 50%) is to buy time. No matter how wealthy a person is they have a limited time on earth therefore I want to convert my human capital into financial capital in the shortest possible time frame without compromising my lifestyle.
by Ependytis
Sat Mar 10, 2018 9:31 am
Forum: Personal Finance (Not Investing)
Topic: What is the most cost effective professionals/books to read to get through divorce process?
Replies: 4
Views: 640

Re: What is the most cost effective professionals/books to read to get through divorce process?

I am sorry to hear that you’re getting a divorce. I hope everything works out for you and your child. For a book, you can look at nolo press especially in California. For online forms, you can go to LegalZoom.com.