Search found 48 matches

by mattyfu1
Mon Oct 16, 2017 5:00 pm
Forum: Investing - Theory, News & General
Topic: Barclays Increase APY to 1.30%
Replies: 9
Views: 711

Re: Barclays Increase APY to 1.30%

DaftInvestor wrote:
Mon Oct 16, 2017 3:25 pm
mattyfu1 wrote:
Mon Oct 16, 2017 1:03 pm
Just moved my savings to GSachs @ 1.20% - we think GS will follow?
Go look at your account - they moved to 1.3% last week.
Confirming yes! 1.30% love it
by mattyfu1
Mon Oct 16, 2017 1:12 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: 5220

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

I am a teacher in NY and make a good salary - over 80k Action I took was starting my own business : SAT /ACT tutoring. I now make more tutoring than I do teaching and in less hours. I make my own schedule and keep growing. My wife is home now with our young babies, I have 0 debt and am saving thousa...
by mattyfu1
Mon Oct 16, 2017 1:03 pm
Forum: Investing - Theory, News & General
Topic: Barclays Increase APY to 1.30%
Replies: 9
Views: 711

Re: Barclays Increase APY to 1.30%

Just moved my savings to GSachs @ 1.20% - we think GS will follow?
by mattyfu1
Thu Oct 05, 2017 6:30 pm
Forum: Investing - Help with Personal Investments
Topic: Millionaire Next Door (Thank you Bogleheads)
Replies: 81
Views: 11058

Re: Millionaire Next Door (Thank you Bogleheads)

Amazing and inspiring!! Thank you for the share - working my way ! Side note question: Entering the "Millionaire Next store" club : -Is this a liquid million (cash, stocks) ? -Can it also include real estate (paid off or not), trusts or other assets that are paid off? Maybe there is no real definiti...
by mattyfu1
Tue Oct 03, 2017 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: Dental/Vision Insurance for Newborn
Replies: 20
Views: 1152

Re: Dental/Vision Insurance for Newborn

runner3081 wrote:
Tue Oct 03, 2017 4:56 pm
aristotelian wrote:
Tue Oct 03, 2017 2:42 pm
Pretty sure you would need teeth in order to need dental coverage...But for a couple bucks a month I would probably still take it.
I would not enroll a newborn in dental. Complete waste of money. You have the opportunity to enroll them each open enrollment. Wait until they are at least 2.
+1
by mattyfu1
Mon Oct 02, 2017 6:21 pm
Forum: Local Chapters and Bogleheads Community
Topic: Retirement Class of 1998 (Sheepdog's Experience)
Replies: 45
Views: 4043

Re: Retirement Class of 1998 (Sheepdog's Experience)

I am 35 and working my way towards financial independence.

I love this post, the perspective is worth more than any dollar I can save.

Most appreciated.

-Matt
by mattyfu1
Mon Oct 02, 2017 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: What age did you become debt free and what opportunities did it create?
Replies: 131
Views: 18259

Re: What age did you become debt free and what opportunities did it create?

I am 35 and am debt free. Just sold my house, don't use credit cards and hate new cars :D Opportunities it created: I travel more, actually downsized and simplified my life, started my own business (SAT tutoring) For me, having no debt allowed me time to think of ideas and opportunities. This way of...
by mattyfu1
Thu Jun 01, 2017 5:48 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1527
Views: 270570

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

2.6%

BND - VXUS - VYM
by mattyfu1
Wed May 31, 2017 7:00 am
Forum: Personal Finance (Not Investing)
Topic: What do you guys do on the side?
Replies: 165
Views: 24936

Re: What do you guys do on the side?

I am a teacher in NY - make about 88k I have an SAT/ACT tutoring business that nets me roughly 3k a month Sept-June. Allows my wife to stay at home with kids and us live a nice lifestyle even on Long Island. Best, Matt Fu One of my good friends does SAT tutoring fulltime. He got into b school sever...
by mattyfu1
Tue May 30, 2017 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: What do you guys do on the side?
Replies: 165
Views: 24936

Re: What do you guys do on the side?

I am a teacher in NY - make about 88k

I have an SAT/ACT tutoring business that nets me roughly 3k a month Sept-June.
Allows my wife to stay at home with kids and us live a nice lifestyle even on Long Island.

Best,

Matt Fu
by mattyfu1
Tue May 30, 2017 9:25 am
Forum: Personal Finance (Not Investing)
Topic: Should I move or not?
Replies: 7
Views: 1038

Re: Should I move or not?

- My kids are 4 and 2 - I hate the term "dream home" - hahaha sorry I used it - We just need a little more space. -I understand the building of equity if I kept it, hence my back and forth with the decision. Update: *I spoke with my sister who is a real estate agent and the owner of the agency she w...
by mattyfu1
Tue May 30, 2017 7:50 am
Forum: Personal Finance (Not Investing)
Topic: Should I move or not?
Replies: 7
Views: 1038

Re: Should I move or not?

Thanks for advice - I think a large part of this is whether the market is going to top out or continue to rise.
by mattyfu1
Tue May 30, 2017 7:04 am
Forum: Personal Finance (Not Investing)
Topic: Should I move or not?
Replies: 7
Views: 1038

Should I move or not?

Hello Fellow Bogleheads, As always thank you for the help - your advice is worth so so much! The current city I live in within NY is going through a spike in real estate. Houses are going for asking prices and sometimes even a bidding war. I have the opportunity to move into a 2 bedroom apartment ow...
by mattyfu1
Fri Apr 07, 2017 7:15 am
Forum: Personal Finance (Not Investing)
Topic: Telling Family About Daughters 529 For Gifts
Replies: 52
Views: 4041

Re: Telling Family About Daughters 529 For Gifts

I do not think you can tell people what to do, however I has asked family members to "think" about it.
I have found that they now still get a toy or 2, but throw in a nice donation.

I also mention how easy it is with the link I can send them.

Good Luck!
by mattyfu1
Fri Apr 07, 2017 7:05 am
Forum: Personal Finance (Not Investing)
Topic: How does one determine their "number" and what exactly does it mean?
Replies: 116
Views: 11074

Re: How does one determine their "number" and what exactly does it mean?

I struggle with this question as well: My wife and I are teachers in NY. We are 35 years old and should make the following at retirement: These are POST tax numbers: Her: $48,300 Me: $63,000 TOTAL: $111,300 MONTHLY: $9,275 *I have a trust that will pay for my 2 kids college education *No debt I do n...
by mattyfu1
Tue Apr 04, 2017 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Low-earners- What is your profession?
Replies: 262
Views: 27113

Re: Low-earners- What is your profession?

Me - teacher in NY - earning 86k Wife - teacher in NY - currently on maternity 2 small kids (2 and 4) -No Debt -Strict Budget (no cable, rarely eat out, rarely shop for things not in budget) -Currently save 5% of my income (my mortgage/taxes is 50% of my monthly budget - NY living - can't seem to s...
by mattyfu1
Tue Apr 04, 2017 11:17 am
Forum: Personal Finance (Not Investing)
Topic: Low-earners- What is your profession?
Replies: 262
Views: 27113

Re: Low-earners- What is your profession?

Me - teacher in NY - earning 86k Wife - teacher in NY - currently on maternity 2 small kids (2 and 4) -No Debt -Strict Budget (no cable, rarely eat out, rarely shop for things not in budget) -Currently save 5% of my income (my mortgage/taxes is 50% of my monthly budget - NY living - can't seem to sp...
by mattyfu1
Mon Apr 03, 2017 7:53 am
Forum: Personal Consumer Issues
Topic: iPhone 6S battery issues
Replies: 14
Views: 1051

Re: iPhone 6S battery issues

https://www.amazon.com/Btopllc-3500mAh-Portable-Charging-Extended/dp/B06XBZKGN7/ref=sr_1_3?s=wireless&ie=UTF8&qid=1491188520&sr=1-3&keywords=iphone+6s+battery+case OP, Get an IPhone 6S battery case, it is less than $20 and you do not have to open up your Iphone 6S and try to fix it....
by mattyfu1
Mon Apr 03, 2017 6:36 am
Forum: Personal Consumer Issues
Topic: iPhone 6S battery issues
Replies: 14
Views: 1051

Re: iPhone 6S battery issues

thanks everyone for the info!
by mattyfu1
Sun Apr 02, 2017 8:46 pm
Forum: Personal Consumer Issues
Topic: iPhone 6S battery issues
Replies: 14
Views: 1051

iPhone 6S battery issues

Hello! My phone battery currently goes from 100% to 50% within the initial half hour of use after charging and dies an hour later. The phone is around 2.5 years old and has no visible issues. I do not have an upgrade in the near future. Apple said I would need to buy a new battery. $$$ Wondering if ...
by mattyfu1
Wed Mar 29, 2017 3:44 pm
Forum: Personal Consumer Issues
Topic: BEHR Premium Deckover
Replies: 12
Views: 2140

Re: BEHR Premium Deckover

barnaclebob wrote:Never use a film forming product on a deck. None of them will last.

I'm happy with a product called one time wood but will need a reapplication to horizontal surfaces this summer about 6 years after first application and 2 years overdue...


thanks for info!
by mattyfu1
Wed Mar 29, 2017 3:43 pm
Forum: Personal Consumer Issues
Topic: BEHR Premium Deckover
Replies: 12
Views: 2140

Re: BEHR Premium Deckover

*I live in New York, beach community on Long Island.
by mattyfu1
Wed Mar 29, 2017 3:38 pm
Forum: Personal Consumer Issues
Topic: BEHR Premium Deckover
Replies: 12
Views: 2140

BEHR Premium Deckover

Hello Everyone,

It has been 2 winter seasons since I painted my deck with BEHR Premium Deckover.
My deck is currently peeling very badly and looks horrible. I followed all instructions, two coats etc.

I have followed up with BEHR to procure a refund.

Wanted to spread the word.

Best,

MattyFu
by mattyfu1
Tue Mar 28, 2017 4:39 pm
Forum: Personal Consumer Issues
Topic: $50 AMEX Gift Card - What does a Boglehead/minimalist do?
Replies: 29
Views: 2450

Re: $50 AMEX GIFT CARD - What does a Boglehead/minimalist do?

jebmke wrote:Since when did being a Boglehead come to mean minimalism? Somehow, sound fiscal management morphed to eating road pizza and munching on pine cones. I don't subscribe to that characterization.


Did not mean to put those words into one characterization. I was just describing me. :D
by mattyfu1
Tue Mar 28, 2017 4:27 pm
Forum: Personal Consumer Issues
Topic: $50 AMEX Gift Card - What does a Boglehead/minimalist do?
Replies: 29
Views: 2450

$50 AMEX Gift Card - What does a Boglehead/minimalist do?

Hello Friends, Just turned 35 and can't thank this forum enough for all the advice. My sister gave me a $50 AMEX gift card and I literally can not think of anything to do with it. I live a very minimal lifestyle and hate "stuff". Was wondering if anyone has any suggestions as to a book or ...
by mattyfu1
Wed Mar 22, 2017 4:26 pm
Forum: Investing - Help with Personal Investments
Topic: Simple IRA's to Vanguard question
Replies: 6
Views: 394

Re: Simple IRA's to Vanguard question

Based off of info I provided in the first post, would you suggest a trad IRA or conversion to ROTH? It is hard to know. The decision to convert depends on current and multiple different future circumstances, considerations and personal choice. First, you should compare your current marginal tax rat...
by mattyfu1
Wed Mar 22, 2017 12:46 pm
Forum: Investing - Help with Personal Investments
Topic: Simple IRA's to Vanguard question
Replies: 6
Views: 394

Re: Simple IRA's to Vanguard question

It has been 2 years since the 1st SIMPLE IRA contributions to each account. So I can rollover to a Vanguard Traditional IRA? Can she combine each to one Trad. IRA and make contributions? Can she convert it to a ROTH under her name? Both the SIMPLE IRA rollover, other IRA assets and future contribut...
by mattyfu1
Wed Mar 22, 2017 12:11 pm
Forum: Investing - Help with Personal Investments
Topic: Simple IRA's to Vanguard question
Replies: 6
Views: 394

Re: Simple IRA's to Vanguard question

*The accounts were started by her father and she made small contributions. How were these accounts set up? Did she work for a business her father owned? A SIMPLE IRA is an employer plan and only employee deferrals and employer (match or elective) contributions can be made to it. How and where shoul...
by mattyfu1
Wed Mar 22, 2017 11:25 am
Forum: Investing - Help with Personal Investments
Topic: Simple IRA's to Vanguard question
Replies: 6
Views: 394

Simple IRA's to Vanguard question

Hi Everyone, My wife has 2 simple IRA’S: Pacific Life : $23,000 Charles Schwab: $8,000 *The accounts were started by her father and she made small contributions. *I have noticed that both of them are simply sitting in money market accounts and not allocated. How and where should I roll these over to...
by mattyfu1
Tue Mar 21, 2017 7:40 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage PMI - Should I refi?
Replies: 7
Views: 850

Re: Mortgage PMI - Should I refi?

SimonJester wrote:What is your current loan balance? Are you now below 80% if so you should be able to request cancellation.

What sort of rate could you get today on a 30 year conventional? I would not do an ARM rates are only going to go up from here...


I meet all requirements except a 5 year length of loan.
by mattyfu1
Tue Mar 21, 2017 7:09 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage PMI - Should I refi?
Replies: 7
Views: 850

Re: Mortgage PMI - Should I refi?

Thank you everyone for the info !

I have met all requirements, except for the 5 year length of loan. I think I am just going to wait it out.

Best,

Matt
by mattyfu1
Mon Mar 20, 2017 11:32 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage PMI - Should I refi?
Replies: 7
Views: 850

Mortgage PMI - Should I refi?

Hello Everyone! I currently have a $380,000 FHA mortgage with Chase - 30 year @ 3.5% (opened in Sept. of 2013) PMI IS $408 a month and will be taken away Sept of 2018 -I plan on living in the house for no more than 5 years (more likely around 3 years) Should I refinance to an ARM or conventional mor...
by mattyfu1
Mon Mar 06, 2017 7:24 pm
Forum: Investing - Help with Personal Investments
Topic: Feeling a little burnt out - look at my financial health and give me the bad news
Replies: 13
Views: 2358

Re: Feeling a little burnt out - look at my financial health and give me the bad news

" I used to work in a high stress sales job that gave me plenty of financial independence but NO lifestyle happiness. I ended up quitting, got my masters and am now a teacher. BEST decision I ever made. You live off of way less than you earn, could a career change be a choice? -Matt How old we...
by mattyfu1
Mon Mar 06, 2017 6:35 pm
Forum: Local Chapters and Bogleheads Community
Topic: New York/Long Island Local Chapter?
Replies: 3
Views: 835

Re: New York/Long Island Local Chapter?

Long Beach NY, Long Island here

-2 of us interested !
by mattyfu1
Mon Mar 06, 2017 5:24 pm
Forum: Investing - Help with Personal Investments
Topic: Feeling a little burnt out - look at my financial health and give me the bad news
Replies: 13
Views: 2358

Re: Feeling a little burnt out - look at my financial health and give me the bad news

" I see more of a suppressed concern about not being completely satisfied with your work than any problem with your finances. That is something you might want to look at and actively address. " + 1 - I used to work in a high stress sales job that gave me plenty of financial independence bu...
by mattyfu1
Mon Mar 06, 2017 8:34 am
Forum: Personal Finance (Not Investing)
Topic: How much do you spend on food in a year?
Replies: 155
Views: 9276

Re: How much do you spend on food in a year?

Family of 4 - living in NY - $7,200 / year

Find it hard to eat well and not spend a ton of money on food - save that for another forum!

Matt
by mattyfu1
Wed Feb 22, 2017 8:18 am
Forum: Investing - Help with Personal Investments
Topic: Should I be investing in a 457b plan offered by my job
Replies: 26
Views: 2629

Re: Should I be investing in a 457b plan offered by my job

retiredjg wrote:With almost a half million in debt at 5.5%, I think that is what you should focus on.


Could not agree more
by mattyfu1
Fri Jan 20, 2017 10:12 am
Forum: Personal Finance (Not Investing)
Topic: Pay down 1.9% loan or invest
Replies: 61
Views: 5579

Re: Pay down 1.9% loan or invest

I had this exact situation last summer. I had a vehicle loan at 2.99% and too much cash in our savings account (based on total asset allocation). I had been debating whether to take some of our cash and pay off the loan ($8K) or keep making the payments and move part of our cash to taxable investme...
by mattyfu1
Fri Jan 20, 2017 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Quitting Job to Start a Business
Replies: 51
Views: 4900

Re: Quitting Job to Start a Business

Do you like eating ramen and working 12 hour days, including weekends, for 2 years straight? That's probably what you should do if you start a business. I'm not saying don't start a business, I'm saying be prepared to sacrifice in the short term. If you're thinking that you're going to have a ton o...
by mattyfu1
Fri Jan 20, 2017 9:35 am
Forum: Personal Finance (Not Investing)
Topic: Pay down 1.9% loan or invest
Replies: 61
Views: 5579

Re: Pay down 1.9% loan or invest

I am enjoying the responses and views of everyone! I am leaning on the mental aspect of having debt (regardless of rate) and not paying that off before doing anything else. Though mathematically it makes sense to invest and set up payments for the loan, I feel mentally being comfortable with having ...
by mattyfu1
Fri Jan 20, 2017 7:43 am
Forum: Personal Finance (Not Investing)
Topic: Pay down 1.9% loan or invest
Replies: 61
Views: 5579

Re: Pay down 1.9% loan or invest

Food for thought from a previous thread:

the math of paying off debt vs investing: viewtopic.php?t=170906
by mattyfu1
Fri Jan 20, 2017 7:41 am
Forum: Personal Finance (Not Investing)
Topic: Pay down 1.9% loan or invest
Replies: 61
Views: 5579

Re: Pay down 1.9% loan or invest

Reverse the situation.... Would you borrow cash @ 1.9% to invest and hopefully earn more than that? Personally I would not, as it sets a dangerous precedent of getting into further debt. -Matt There is nothing hopeful about it. You can get a 5 year CD that pays you more than 1.9%. Currently the top...
by mattyfu1
Thu Jan 19, 2017 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: Pay down 1.9% loan or invest
Replies: 61
Views: 5579

Re: Pay down 1.9% loan or invest

Would you borrow cash @ 1.9% to invest and hopefully earn more than that? Personally I would not, as it sets a dangerous precedent of getting into further debt. I would, and have in the past. I took out a 50k home-equity loan at 1.99 to invest. And I assume you got a bonus, too! You know it! I unde...
by mattyfu1
Thu Jan 19, 2017 10:49 am
Forum: Personal Finance (Not Investing)
Topic: Pay down 1.9% loan or invest
Replies: 61
Views: 5579

Re: Pay down 1.9% loan or invest

Reverse the situation.... Would you borrow cash @ 1.9% to invest and hopefully earn more than that? Personally I would not, as it sets a dangerous precedent of getting into further debt. Pay off the debt and stay out of debt. Use that money you were using for the loan to invest and earn. Keep it sim...
by mattyfu1
Mon Jan 09, 2017 9:02 am
Forum: Personal Consumer Issues
Topic: Getting rid of mice
Replies: 94
Views: 6420

Re: Getting rid of mice

I have had the same problem. What worked for me was to walk around the perimeter of house and look for any cracks or possible entries. Once I sealed everything up (anything, even the smallest spaces) I found activity to die down. It is all about preventing them from getting into your house. Good Luck!
by mattyfu1
Fri Dec 23, 2016 7:52 am
Forum: Investing - Help with Personal Investments
Topic: Real Estate - buying my first investment property in Charleston, SC
Replies: 11
Views: 1628

Real Estate - buying my first investment property in Charleston, SC

Hello Everyone! First let me thank everyone for the advice over the years. This forum is invaluable. I am 34 years old and live in NY. I own my home now (2 family, I rent out the top floor). Currently I am looking into buying a 1 bedroom apartment in Charleston SC. I have family in real estate down ...