Search found 213 matches

by jb1
Fri Feb 15, 2019 1:27 pm
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 651
Views: 65507

Re: What frugal thing did you do today?

Took all the doors off in my house to save wear and tear on my hinges
by jb1
Fri Feb 01, 2019 7:27 pm
Forum: Personal Investments
Topic: Am I supposed to keep dumping any excess money in an index fund and thats it?
Replies: 39
Views: 4331

Re: Am I supposed to keep dumping any excess money in an index fund and thats it?

Thank you everyone for the responses. I must say the only non boglehead thing I need in life, yes nee, is a nissan gtr. This is truly the reason I invest. Along with having a safe retirement.
by jb1
Fri Feb 01, 2019 3:18 pm
Forum: Personal Investments
Topic: Am I supposed to keep dumping any excess money in an index fund and thats it?
Replies: 39
Views: 4331

Re: Am I supposed to keep dumping any excess money in an index fund and thats it?

Gill wrote:
Fri Feb 01, 2019 3:16 pm
‘Excess money” sounds as if you have no savings plan. I’d reverse it. Commit to saving a fixed amount each month and then live on the rest.
Gill
I have more money in savings than Id like personally.
by jb1
Fri Feb 01, 2019 3:13 pm
Forum: Personal Investments
Topic: Am I supposed to keep dumping any excess money in an index fund and thats it?
Replies: 39
Views: 4331

Re: Am I supposed to keep dumping any excess money in an index fund and thats it?

Every couple of years you probably want to ask yourself "do I have enough bonds" and "where will I get the cash to buy a new house or car" etc. and adjust accordingly but on a month to month basis you're fine. Very true, used to have bonds when I was 26, but converted all to equities when I turned ...
by jb1
Fri Feb 01, 2019 2:46 pm
Forum: Personal Investments
Topic: Am I supposed to keep dumping any excess money in an index fund and thats it?
Replies: 39
Views: 4331

Am I supposed to keep dumping any excess money in an index fund and thats it?

Hey all, As a single frugal guy that is 28, I do come across a bit of excess money per month, maybe $1-2k. I have a mortgage in which roommates pay for it monthly, have emergency fund, max our my roth, contribute to my employer plan up to max etc. With the excess money I got, Ive been dumping it int...
by jb1
Mon Jan 28, 2019 8:33 am
Forum: Personal Investments
Topic: Use bonus to pay down mortgage or invest?
Replies: 28
Views: 2439

Re: Use bonus to pay down mortgage or invest?

A bonus of 250k?

Damn, my small business that I work for with 5 people did 1.5 million in sales and as the sales guy i didnt get a penny.

such is life.
by jb1
Wed Jan 23, 2019 4:30 pm
Forum: Investing - Theory, News & General
Topic: 1st year with a rental property - hitting singles
Replies: 37
Views: 3963

Re: 1st year with a rental property - hitting singles

welcome to bogleheads where even if a property nets you 10k a month after everything people will still find a way to complain about it.
by jb1
Mon Jan 21, 2019 9:02 pm
Forum: Personal Investments
Topic: Buy REIT or Rental Property
Replies: 22
Views: 2027

Re: Buy REIT or Rental Property

Funny how the people that always complain all have the same problem of tenants calling them at 2am. Ironic.. I own a single family home that I rent out now. I live in 1 room and rent out the other 2. So far, so good, the other 2 roommates are paying $600 each (1200) which covers my mortgage. My next...
by jb1
Mon Jan 21, 2019 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: How much money did you receive from family? (Gifts/inheritance)
Replies: 127
Views: 14020

Re: How much money did you receive from family? (Gifts/inheritance)

I was an ONLY GRANDCHILD and did receive a penny. My grandfather left it all to some random lady he was seeing at the time.

Had I received anything, id probably be living financially independent.
by jb1
Fri Jan 18, 2019 11:22 am
Forum: Personal Consumer Issues
Topic: Airbnb - cleaning fee, service fee, occupancy fee....???
Replies: 131
Views: 11994

Re: Airbnb - cleaning fee, service fee, occupancy fee....???

I like airbnb but its ridiculous now.

Im looking for places next weekend. Room cost is 95, total cost for one night is 181?! Cleaning fee of $65?? Might as well make a mess on purpose to be honest.
by jb1
Thu Jan 17, 2019 11:41 am
Forum: Personal Investments
Topic: Good idea? Rent out current home after paid off
Replies: 20
Views: 1004

Re: Good idea? Rent out current home after paid off

Its always funny that people have these "what ifs" with real estate but not with the market.. They dont?? From my experience no. Not that Im against market investing as its my primary source of investing, but you never hear.. "what if there is a war" "What if trump does something erratic" "What if ...
by jb1
Thu Jan 17, 2019 11:21 am
Forum: Personal Investments
Topic: Good idea? Rent out current home after paid off
Replies: 20
Views: 1004

Re: Good idea? Rent out current home after paid off

Its always funny that people have these "what ifs" with real estate but not with the market..
by jb1
Thu Jan 17, 2019 9:48 am
Forum: Personal Investments
Topic: Why are you NOT buying rental properties?
Replies: 221
Views: 16763

Re: Why are you NOT buying rental properties?

28 year old here about to chime in. Naive perhaps, but I do want to own at least 2-3 rentals by the time I am 35. I already have one now, so far going smooth. It is a 3 bed 2 bathroom single family home. I live in 1 room and I have the other 2 rooms filled with friends. Mortgage is 1200, they pay 60...
by jb1
Tue Jan 15, 2019 8:11 am
Forum: Personal Investments
Topic: Biggest Investment Mistake
Replies: 164
Views: 11575

Re: Biggest Investment Mistake

Not starting earlier. Im 28 now, have 25k in roth, 80k in taxable. Wish I started when I was 20.. Well, for people who pursue a university degree it does not matter that much whether they start at 20 or a little bit later. Not usually much to invest at 20 for them. Good point, what I meant was inst...
by jb1
Mon Jan 14, 2019 10:09 am
Forum: Personal Investments
Topic: Biggest Investment Mistake
Replies: 164
Views: 11575

Re: Biggest Investment Mistake

Not starting earlier. Im 28 now, have 25k in roth, 80k in taxable. Wish I started when I was 20.. Instead I bought a used (thankfully) 350z. Had I invested that I couldve gotten a GTR now. You did start young, a used 350z sounds nice, $105k at age 28 is very good. 9 years later still got it. Finger...
by jb1
Sun Jan 13, 2019 10:59 pm
Forum: Personal Investments
Topic: Question on taxable accounts
Replies: 2
Views: 463

Question on taxable accounts

I am currently maxing out my Roth IRA (age 28) and I have ~78k in a taxable account of 75% VTSAX, 10% VTIAX, and the remaining in individual stocks such as Visa, Alibaba, Paypal etc. I am not educated when it comes to taxes, and do not want to necessarily pay a ton when and if I ever withdraw. I am ...
by jb1
Sun Jan 13, 2019 10:51 pm
Forum: Personal Investments
Topic: Biggest Investment Mistake
Replies: 164
Views: 11575

Re: Biggest Investment Mistake

Not starting earlier. Im 28 now, have 25k in roth, 80k in taxable. Wish I started when I was 20.. Instead I bought a used (thankfully) 350z. Had I invested that I couldve gotten a GTR now.
by jb1
Tue Jan 01, 2019 8:58 pm
Forum: Personal Investments
Topic: I'm ready to dump $5.5k to Roth IRA 2019. Should I buy total stock or target retirement?
Replies: 8
Views: 1321

Re: I'm ready to dump $5.5k to Roth IRA 2019. Should I buy total stock or target retirement?

Just saw the limit is 6k now.

I’m automatically investing each week into it. Tempted to do a lump sum, but I’ll stick to the plan
by jb1
Sun Dec 30, 2018 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: How to afford a sports car?
Replies: 128
Views: 9052

Re: How to afford a sports car?

Haha OP I remember being your age (im 28 now) and wanting a Nissan GTR. I was able to afford one back then, but knew it wouldnt be too wise to do so. Fast forward now, im happy with my decision. I still want, and will have one, but that day will come when i have 3 rental properties (currently have 1...
by jb1
Mon Dec 17, 2018 3:12 pm
Forum: US Chapters
Topic: Any interest in a central New Jersey chapter?
Replies: 25
Views: 1619

Re: Any interest in a central New Jersey chapter?

Used to live in Old Bridge. Relocated to NC 2 years ago. NJ 4 life
by jb1
Thu Dec 06, 2018 4:48 pm
Forum: Personal Investments
Topic: Is there a point to a Taxable Acount?
Replies: 25
Views: 1970

Re: Is there a point to a Taxable Acount?

GS high yield bank account currently. Yields 2.05 I'd rather take my chances on muni bonds, some level of risk but higher interest plus no fed tax. CDs/savings/ibonds are a good option if you absolutely can't lose principal. Interesting, never thought of that. Is there a certain time limit I need t...
by jb1
Thu Dec 06, 2018 4:00 pm
Forum: Personal Investments
Topic: Is there a point to a Taxable Acount?
Replies: 25
Views: 1970

Re: Is there a point to a Taxable Acount?

My taxable account is not strictly for retirement. I may pull from it within 5-10 years - it's an account with funds I can actually pull from e.g. buy a home, car etc. So I'm buying (tax exempt) bonds there too since 100% equities is not suitable for a potentially short timeframe. Where do you all ...
by jb1
Thu Dec 06, 2018 3:59 pm
Forum: Personal Investments
Topic: Is there a point to a Taxable Acount?
Replies: 25
Views: 1970

Re: Is there a point to a Taxable Acount?

Sorry for all the confusion*** Roth IRA is 100% for retirement. I meant that I will withdraw the taxable account in 10 years just as extra income.
by jb1
Thu Dec 06, 2018 2:49 pm
Forum: Personal Investments
Topic: Is there a point to a Taxable Acount?
Replies: 25
Views: 1970

Re: Is there a point to a Taxable Acount?

Sure there is; it's a very good means to grow wealth assuming a long term investment outlook which you have based on your 10 year withdrawal plan. For whatever reason that would be. If you plan to live off of it in 10 years you're gonna need a lot more. You're a lot further ahead at 28 than most. K...
by jb1
Thu Dec 06, 2018 2:40 pm
Forum: Personal Investments
Topic: Is there a point to a Taxable Acount?
Replies: 25
Views: 1970

Re: Is there a point to a Taxable Acount?

Silk McCue wrote:
Thu Dec 06, 2018 2:39 pm
I'm not certain of the question. What would be your alternative to putting the money in a Taxable Account?

Cheers
Unsure to be honest, just want something alternative to invest in.
by jb1
Thu Dec 06, 2018 2:34 pm
Forum: Personal Investments
Topic: Is there a point to a Taxable Acount?
Replies: 25
Views: 1970

Is there a point to a Taxable Acount?

Hey all, Currently 28, maxing out my Roth IRA for 4 years now. Any extra money I have has been put into a Vanguard Taxable account of the US Total Market (85%) and International market (15%). I currently have 50k put into the taxable account. My question is, is there a point to this? Im looking to s...
by jb1
Thu Dec 06, 2018 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Climate Concerns re: small Jersey Shore Vacation Home
Replies: 54
Views: 3029

Re: Climate Concerns re: small Jersey Shore Vacation Home

As a former NJ resident to answer #5, yes, buy a shorehouse in Florida or NC and use it year round. Only way to use it as "long as possible". NJ youll only have 3 months to use it.
by jb1
Tue Dec 04, 2018 9:15 am
Forum: Personal Investments
Topic: Considering residential real estate investment
Replies: 74
Views: 5418

Re: Considering residential real estate investment

I was thinking about you before looking at your username, i remember earlier this year and last year you always backed real estate. I finally bought my first place in August, 3 bed 2 bath single family home for 190k. Currently living in one room and renting out the other 2 to my friends (who have b...
by jb1
Mon Dec 03, 2018 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Do you get a year end bonus?
Replies: 78
Views: 5328

Re: Do you get a year end bonus?

Apologize for the rant, Im seriously amazed at the people who land these jobs that get these bonuses. It is safe to say I was/will never be lucky with the job market. Went to undergrad with a degree in business, went to grad school with a degree in healthcare admin, couldnt find a job to save my lif...
by jb1
Sat Dec 01, 2018 9:31 am
Forum: Personal Investments
Topic: Down payment for a house or investing the money?
Replies: 15
Views: 1069

Re: Down payment for a house or investing the money?

Why put 100k down? Just do 20k and invest the rest. The % youd gain from the market will be higher than your Interest Rate on the house. If he puts 20% down, won’t his monthly payments be more? Won’t he end up paying way more on the house due to interest??? Yes theyll be more. But the 4-5% interest...
by jb1
Fri Nov 30, 2018 8:35 pm
Forum: Personal Investments
Topic: Down payment for a house or investing the money?
Replies: 15
Views: 1069

Re: Down payment for a house or investing the money?

Why put 100k down? Just do 20k and invest the rest. The % youd gain from the market will be higher than your Interest Rate on the house.
by jb1
Tue Nov 27, 2018 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: 23 years old 40K saved. What would you do?
Replies: 39
Views: 3413

Re: 23 years old 40K saved. What would you do?

Move out. I cannot imagine living with parents at age 23 unless there was some dire situation. These are amazing years of your life. Get a cheapo place with lots of roommates, eat ramen, drive a beater, and have the time of your life. Disagree. As someone who lived with his parents until 27, it was...
by jb1
Thu Nov 22, 2018 2:44 pm
Forum: Investing - Theory, News & General
Topic: What financial advice have you been most grateful for?
Replies: 50
Views: 4304

Re: What financial advice have you been most grateful for?

"dont get a girlfriend until you are financially stable"
-I am WAY beyond my friends financially at age 28. All the money saved on dates/gifts, was invested. All the time saved from dates, hanging out, was spent reading and working. Of course now I wouldnt mind having a serious gf.
by jb1
Thu Nov 08, 2018 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited ~200k cash. 27-28y/o. Want to go to grad school/medical school. Want to invest in real estate right now.
Replies: 19
Views: 2464

Re: Inherited ~200k cash. 27-28y/o. Want to go to grad school/medical school. Want to invest in real estate right now.

Im 28 also. Why would you entertain the idea of grad school? Youre already making good money.

You can seriously buy a property for 10% of that, put 75% in the market, and use the rest on yourself.

I have never inherited money, but thats what I would do.
by jb1
Wed Sep 19, 2018 8:26 pm
Forum: Personal Investments
Topic: Paying off mortgage vs investing?
Replies: 20
Views: 2162

Re: Paying off mortgage vs investing?

I would pay $250 extra per month. Wraps up in 19 years and interest will be $95950. Versus $158900 in interest if you paid on the 30-year schedule. Thank you for the response above Thank you also mort. As someone who is frugal, paying an extra 100k in interest is crazy!! I can comfortably add $600 ...
by jb1
Wed Sep 19, 2018 7:56 pm
Forum: Personal Investments
Topic: Paying off mortgage vs investing?
Replies: 20
Views: 2162

Paying off mortgage vs investing?

Hey all, First time home buyer here. Just closed on a house last month,with a mortgage of 181k with 4.75% interest on a 30 year loan. Principal and Interest are 944 per month. Taxes/insurance are 250 per month making my total payment ~1200 per month. I am renting out 2 rooms for 925 total (500 and 4...
by jb1
Sun Sep 16, 2018 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: Please help me assess condo purchase and overall finances
Replies: 22
Views: 1315

Re: Please help me assess condo purchase and overall finances

Why not rent out the other room?

I put 5% down and pay $50 a month in PMI. Mortgage is 180k for a 3 bed 2 bathroom in NC. I rent out my two other rooms for 975 combined.

However after this hurricane I will need to put some claims in..
by jb1
Sun Sep 16, 2018 3:11 pm
Forum: Personal Investments
Topic: How to invest money that you may need in 6 months to a year.
Replies: 17
Views: 1992

Re: How to invest money that you may need in 6 months to a year.

UpperNwGuy wrote:
Sat Sep 15, 2018 5:42 pm
Vanguard Prime Money Market Fund. Beats Ally.
Yes but do you pay taxes when you sell?
by jb1
Wed Aug 22, 2018 7:29 pm
Forum: Personal Investments
Topic: Dividend Reinvestment
Replies: 7
Views: 678

Re: Dividend Reinvestment

nice username.

I have my auto reinvested.
by jb1
Mon Jul 23, 2018 7:45 pm
Forum: Personal Consumer Issues
Topic: I dont know how to spend money
Replies: 39
Views: 5419

Re: I dont know how to spend money

Luke Duke wrote:
Mon Jul 23, 2018 8:59 am


A girlfriend will solve your spending problems.
haha havent had one of them in years. :(
by jb1
Sat Jul 21, 2018 7:38 am
Forum: Personal Consumer Issues
Topic: I dont know how to spend money
Replies: 39
Views: 5419

Re: I dont know how to spend money

I will have roommates live with me to offset the mortgage essentially living in a house for $100 a month. $100 a month....hmmm. Can't you find one more roommate and break even? Thank you for there replies everyone. For this instance yes. Payments would be 1225 a month without utilities. If I charge...
by jb1
Fri Jul 20, 2018 9:34 pm
Forum: Personal Consumer Issues
Topic: I dont know how to spend money
Replies: 39
Views: 5419

I dont know how to spend money

Hey BH Im currently 27, and Ive realized the older I get the worse I am at wanting to spend money. Im making an average 51k a year but I have a very high savings rate. I currently have 24k in a Roth IRA, 47k in a 2 fund portfolio (75% US market, 25% International), and 30k in a savings account. I am...
by jb1
Wed Jun 27, 2018 8:18 pm
Forum: Personal Investments
Topic: Stocks vs. rental property
Replies: 101
Views: 11442

Re: Stocks vs. rental property

Its just simple math, though. Indexing is fine, its just a 25-30+ year plan. Not everyone wants to be pigeon holed for that long working a job (or jobs) that may be uncertain, or they may not like. People change. Things change. Health changes. What if they want to train for a triathlon, start a bus...
by jb1
Sun Jun 24, 2018 3:46 pm
Forum: Personal Investments
Topic: Is this all investing is?
Replies: 38
Views: 4084

Re: Is this all investing is?

Thank you everyone for the replies. They truly brought a smile to my face. The more I think about it, the more I realize I want to share my journey of life with someone, right now that is missing and has been for a while. Ive been to a new country every year since 2010, it is one of the most unique ...
by jb1
Sat Jun 23, 2018 7:43 am
Forum: Personal Investments
Topic: Is this all investing is?
Replies: 38
Views: 4084

Re: Is this all investing is?

Don't give up on living your life while you are saving so (too?) much. It is also important to enjoy life, so maybe set aside a certain amount regularly to be used on something you enjoy, whether that be eating out, traveling, spending time with friends, whatever, yes, even the car (although things...
by jb1
Sat Jun 23, 2018 7:18 am
Forum: Personal Investments
Topic: Is this all investing is?
Replies: 38
Views: 4084

Is this all investing is?

Hey all, Currently 27, single, very frugal and pretty much invest 60% of my income. Been investing for 2 years and I have ~45k in a 2 fund portfolio of US market and Int market, with ~25k in a Roth IRA of Target Retirement. Hoping by the end of the year to max out the IRA contributions as well as ad...
by jb1
Mon Jun 18, 2018 5:52 pm
Forum: Personal Investments
Topic: Roth IRA dividends
Replies: 1
Views: 367

Roth IRA dividends

Hey all Simple question that I cannot seem to find a definitive answer to. Assuming im 40, have a strong Roth IRA portfolio and start taking dividends, will those be taxed upon taking out? I know they grow tax free, but what about if I take out before 59.5? Are any dividends I receive penalized? Tha...
by jb1
Sun Jun 03, 2018 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Best Advice You Never Took
Replies: 100
Views: 14837

Re: Best Advice You Never Took

Im relatively on the younger side. I always worked in college while everyone else was partying. I was taking a finance class in 2011 and the professor told us "Facebook is having their IPO soon, Im investing in it, I suggest you do also".

Didnt take his advice.
by jb1
Mon Jan 01, 2018 5:19 pm
Forum: Personal Investments
Topic: Only in NJ [state 401(k) plan] can Vanguard cost 3x as much
Replies: 16
Views: 2757

Re: Only in NJ can Vanguard cost 3x as much

zz4 wrote:
Sat Dec 30, 2017 7:38 pm
jb1 wrote:
Sat Dec 30, 2017 3:35 pm
Thank God I moved out of NJ. Never been happier.
Ha, where'd you go? I need ideas :idea:
North Carolina :)
by jb1
Sat Dec 30, 2017 3:35 pm
Forum: Personal Investments
Topic: Only in NJ [state 401(k) plan] can Vanguard cost 3x as much
Replies: 16
Views: 2757

Re: Only in NJ can Vanguard cost 3x as much

Thank God I moved out of NJ. Never been happier.