Search found 191 matches

by financeidiot
Sun Jun 09, 2019 11:01 am
Forum: Personal Finance (Not Investing)
Topic: 22 Years Old - Which credit card to begin with?
Replies: 44
Views: 5568

Re: 22 Years Old - Which credit card to begin with?

I'd go with something simple to start and focus on paying it off in full every month to build good behavior. A no fee, long-term 2% cash back credit card like the Fidelity 2% Visa card will help you build credit and you'll likely never cancel it. Age of credit is part of your credit score. The dange...
by financeidiot
Sun Jun 09, 2019 9:34 am
Forum: Personal Finance (Not Investing)
Topic: How to start outsourcing?
Replies: 21
Views: 2194

Re: How to start outsourcing?

I'm a big fan of anchoring tasks so I don't need to remember to do them. So each Saturday which is house tidying day, one of my chores is to the change sheets on our beds; on the first weekend of each month I also strip all beds and also launder mattress pads and bedspreads-anchoring that to my reg...
by financeidiot
Sun Jun 09, 2019 12:06 am
Forum: Personal Finance (Not Investing)
Topic: How to start outsourcing?
Replies: 21
Views: 2194

Re: How to start outsourcing?

Thank you for the responses so far. veindoc really nailed it, I'd love to set up systems that organize my problem areas with or without extra help. I'm tired of watching myself fail in these areas and want to make the investment to get it right whether it comes from outsourcing or another solution. ...
by financeidiot
Sat Jun 08, 2019 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: How to start outsourcing?
Replies: 21
Views: 2194

Re: How to start outsourcing?

I have reached a point in my life where I'm acutely feeling pressed for time and decision fatigue due to work commitments. Without fixing this problem the other things you suggested will not do a lot for the long term. Some jobs like being a police officer are inherently stressful so counseling mig...
by financeidiot
Sat Jun 08, 2019 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: How to start outsourcing?
Replies: 21
Views: 2194

How to start outsourcing?

I have reached a point in my life where I'm acutely feeling pressed for time and decision fatigue due to work commitments. I want to be healthy, have great relationships with my girlfriend and friends, and come home to a clean and organized apartment. I feel suffocated by a big todo list wherever I ...
by financeidiot
Fri Apr 26, 2019 10:38 pm
Forum: Personal Finance (Not Investing)
Topic: Whats the Point of Climbing the Corporate Ladder?
Replies: 164
Views: 18418

Re: Whats the Point of Climbing the Corporate Ladder?

Sharks gotta swim. In terms of "time" or "busyness" a lot of what we hear is made up. It's more important to appear busy than to actually be busy. There was an HBR study awhile back on how employees at a consulting firm represent their hours to make themselves appear more busy vs. hours actually wor...
by financeidiot
Fri Apr 26, 2019 10:05 pm
Forum: Personal Finance (Not Investing)
Topic: Colleague salary comparison
Replies: 54
Views: 6535

Re: Colleague salary comparison

Of course! What's the value of information if you don't use it? Used for salary negotiation, determining my market rate, prioritizing new skills, and choosing next steps in my career. Seeing what folks 5-10 years further along are making and how they got there makes career planning much easier. Also...
by financeidiot
Fri Apr 26, 2019 9:59 pm
Forum: Personal Investments
Topic: Sitting on $1.5m cash - need help
Replies: 53
Views: 14545

Re: Sitting on $1.5m cash - need help

1. What is your goal? What are you trying to accomplish? -> If you're no longer seeking to buy a house, what are you looking to do instead? Why did you make this decision? 2. What's his income & her income? -> Helps to know the value of Roth vs. traditional contributions. 3. What are annual expenses...
by financeidiot
Tue Apr 16, 2019 8:36 pm
Forum: Personal Consumer Issues
Topic: Considering an e bike or conversion kit
Replies: 20
Views: 1219

Re: Considering an e bike or conversion kit

I got a pre-built Lunacycle during the last Black Friday sale. I have a huge smile whenever I ride and I'm always looking for another excuse to go out. Highly recommend getting one if you're in an urban area, especially if you have bike lanes. I chose to buy the pre-built vs. a conversion kit becaus...
by financeidiot
Sat Mar 30, 2019 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Thinking about going into sales from engineering
Replies: 39
Views: 2975

Re: Thinking about going into sales from engineering

Give it a try! Switching to sales is not something you can't undo. I've switched from sales to product/operations multiple times. It's especially not a big deal for you because you have a good background in a stable, in-demand field to fall back on. At worst, you'll end up a better engineer for havi...
by financeidiot
Mon Feb 18, 2019 10:02 pm
Forum: US Chapters
Topic: How many bogleheads do you know in real life?
Replies: 130
Views: 10265

Re: How many bogleheads do you know in real life?

A few (4 people ages 25-40). I was turned onto BH philosophy by people I met in real life, most notably a MMM subscriber who introduced me to MMM, which led to Mad Fientist--> JLCollinsNH-->White Coat Investor-->Bogleheads-->Random Walk Down Wall Street--> Rick Ferri-->Current Investment Plan & Asse...
by financeidiot
Mon Feb 18, 2019 9:20 pm
Forum: Personal Consumer Issues
Topic: Need career advice to get into data science field
Replies: 10
Views: 989

Re: Need career advice to get into data science field

What do you want to do that you're not already qualified for? I know plenty of people with far less impressive backgrounds doing data analysis at Big 4 consulting firms already! Many had no formal training at all. Unless there's something very specific you want to do in the field, I think you're rea...
by financeidiot
Mon Jan 21, 2019 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: Buy a condo in Bethesda/DC area, am I there yet?
Replies: 12
Views: 1443

Re: Buy a condo in Bethesda/DC area, am I there yet?

Want to break down your cost estimate here and compare it to renting?
by financeidiot
Mon Jan 21, 2019 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: Buy a condo in Bethesda/DC area, am I there yet?
Replies: 12
Views: 1443

Re: Buy a condo in Bethesda/DC area, am I there yet?

I'm also in the DMV area and have gone through a similar thought exercise every couple of years and have always ended up signing another lease. Whenever I do the cost calculations and comparison, renting just seems much better in this area if you're not staying long-term (10+ years). A few things to...
by financeidiot
Fri Nov 16, 2018 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: Recommendation for building my first iOS app?
Replies: 10
Views: 903

Re: Recommendation for building my first iOS app?

The core requirements are pretty straightforward. The goal isn't to find the cheapest rental, etc. There's plenty of great tools for that already (i.e., Autoslash, Priceline, etc.). The purpose of the app is to simplify the workflow of the of picking up and dropping off rental cars for people who re...
by financeidiot
Fri Nov 16, 2018 7:19 pm
Forum: Personal Finance (Not Investing)
Topic: Recommendation for building my first iOS app?
Replies: 10
Views: 903

Re: Recommendation for building my first iOS app?

If this is a personal project for your iPhone, I would stay away from cross-platform development and stick to iOS programming with Swift. You will need an Apple laptop or desktop to program with, though. Apple's free resources for beginners are very good: https://www.apple.com/everyone-can-code/ If...
by financeidiot
Fri Nov 16, 2018 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: Recommendation for building my first iOS app?
Replies: 10
Views: 903

Re: Recommendation for building my first iOS app?

I have an idea, specific user story requirements in a prioritized backlog, and a wireframe for an app that will simplify the car rental process for me. The goal is to create the app for myself because I am personally frustrated with the car rental process and know exactly what would make it easier ...
by financeidiot
Fri Nov 16, 2018 9:36 am
Forum: Personal Finance (Not Investing)
Topic: Recommendation for building my first iOS app?
Replies: 10
Views: 903

Recommendation for building my first iOS app?

I don't have a car but I frequently rent cars often for weekend fly fishing trips. Until I do a lot more trips per year, it makes more sense for me to rent cars than own one. I have an idea, specific user story requirements in a prioritized backlog, and a wireframe for an app that will simplify the ...
by financeidiot
Sat Oct 06, 2018 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: Former Employer Contracting Opportunity - Share Your Thoughts
Replies: 29
Views: 1799

Re: Former Employer Contracting Opportunity - Share Your Thoughts

Pick what you need to make to make it worth it for you to come out of retirement. Stick to that number and don’t budge. It doesn’t really matter what you made before or what fees they pay to the contracting company because you’re the one making the decision to work based on what compensation goes in...
by financeidiot
Fri Sep 21, 2018 8:29 am
Forum: Personal Consumer Issues
Topic: Recommend a To-do app please.
Replies: 33
Views: 4561

Re: Recommend a To-do app please.

I use Todoist for checklists and simple tasks, like groceries or cleaning the house, and Asana for projects and long-term goals. I haven't found an app that supports short and long-term planning well. Both will integrate with voice commands Amazon Echo or Google Home through IFTT or Zapier, which I ...
by financeidiot
Sun Jul 15, 2018 5:44 pm
Forum: Personal Investments
Topic: Anyone Else Here Trying to Max Out 401k for the 1st Time in 2018?
Replies: 35
Views: 3078

Re: Anyone Else Here Trying to Max Out 401k for the 1st Time in 2018?

Read your company's 401k policy. Many policies will not keep providing the match if you max out your individual contribution limit ($18,500) before the end of the year. Make sure you'll continue getting the match on every paycheck, usually this just means making sure your final paycheck contribution...
by financeidiot
Sun Jul 15, 2018 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: Accepted new job, immediately laid off at old one?
Replies: 37
Views: 6513

Re: Accepted new job, immediately laid off at old one?

Never hurts to keep looking until you start the new job. Probably won't be an issue, but if you need it, it helps to have multiple job offers.
by financeidiot
Tue Jun 05, 2018 6:55 pm
Forum: Investing - Theory, News & General
Topic: FOMO (Fear Of Missing Out) and your portfolio?
Replies: 23
Views: 2752

Re: FOMO (Fear Of Missing Out) and your portfolio?

FOMO is real, everyone feels it. It explains a lot of trend following and is absolutely worth trying to overcome. For example, I felt like I was really missing out on Bitcoin and crypto last year, so I blocked financial news to ignore it. Knowing I'm weak-willed, my FOMO strategy is ignorance. If I ...
by financeidiot
Mon May 21, 2018 8:21 am
Forum: Personal Finance (Not Investing)
Topic: Lively HSA offers first dollar investing
Replies: 353
Views: 61741

Re: New HSA provider Lively offers investments for $30/yr fee

Switched to Lively a few months ago. I've since lost my HSA eligibility (new employer has no HSA eligible plans) and they've been extremely helpful in navigating how much I need to withdraw and what the rules would be if I get my eligibility back later this year. Best and fastest service I've ever h...
by financeidiot
Wed May 16, 2018 11:26 am
Forum: Personal Investments
Topic: Help with private stock options!
Replies: 0
Views: 457

Help with private stock options!

Hi, all! I appreciate your help and insights in advance! I've changed employment and moved to a startup where I work as a contractor with a guaranteed salary of $120k for 1 year. That startup has now purchased and merged with another company. I know at some point in the next two weeks, I will be pre...
by financeidiot
Tue May 08, 2018 12:36 pm
Forum: Personal Investments
Topic: Best places for 401k green soldiers!
Replies: 11
Views: 1398

Re: Best places for 401k green soldiers!

After reading all these comments and thinking some more... if I have a Roth option in my 401k and know that I won’t be maxing it out by the end of this year would it be worth it to just adjust the percentages and contribute both Roth and traditional into my 401k until it’s maxed out and then go to ...
by financeidiot
Mon May 07, 2018 12:08 pm
Forum: Personal Investments
Topic: Best places for 401k green soldiers!
Replies: 11
Views: 1398

Re: Best places for 401k green soldiers!

Welcome to the forum! It would be helpful to know your annual income or approximate annual income. It would also help to have specific numbers by asset and fund rather than just percentages (rounding is fine, doesn't have to be exact). This will help with some of your more complex questions. Here's ...
by financeidiot
Fri Apr 20, 2018 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Interesting vs higher paying job
Replies: 40
Views: 4264

Re: Interesting vs higher paying job

TheTurtle, Why do you believe the lower-paying job would be more interesting? Would there be a way to recreate that spark in a higher-paying environment? If you take the lower paying job, how and when would you know it's not what you are expecting? I'm not of the belief that making one decision earl...
by financeidiot
Thu Apr 12, 2018 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: Should I join a startup?
Replies: 14
Views: 1792

Re: Should I join a startup?

Can you ask for a short-term contract with a higher base salary? I'm joining a startup in 2 weeks. I signed a 12 month contract with a staffing agency used by the startup. For all intents and purposes, I will look, act, and smell like an employee but will be a 1099 contractor. After 12 months (or so...
by financeidiot
Tue Apr 10, 2018 8:59 am
Forum: Non-US Investing
Topic: 29yr old more index funds or property to live in? [Australia]
Replies: 5
Views: 650

Re: 29yr old more index funds or property to live in? [Australia]

Mobility is a marketable quality to have. If you don't own a home, you can move where the jobs are or go on location and not be tied down to one place. Make money, save, and invest in a home when you have more stability and longer-term goals that allow you to stay in one place. Until then, max out y...
by financeidiot
Tue Apr 10, 2018 8:40 am
Forum: Personal Consumer Issues
Topic: Anyone tried a sunrise alarm clock?
Replies: 55
Views: 6232

Re: Anyone tried a sunrise alarm clock?

I have a Phillips one, completely changed my mornings. I used to sleep in a room that did not get any direct sunlight and had a lot of trouble waking up in the morning. Bought the alarm clock and started feeling much better in the mornings, especially in winter. I use it almost every day, but if I f...
by financeidiot
Mon Apr 09, 2018 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Easily digestible info/blog on finances for spouse?
Replies: 35
Views: 3324

Re: Easily digestible info/blog on finances for spouse?

I've really enjoyed Chief Mom Officer lately. I've found her career and time management advice to be cutting and insightful. Indirectly, her writing has heightened my awareness of how men are raised to approach finances, family, time, obligations, and risk management differently from women. For that...
by financeidiot
Fri Apr 06, 2018 10:41 am
Forum: Personal Consumer Issues
Topic: Waterbury, Stowe, Burlington, VT
Replies: 12
Views: 1049

Re: Waterbury, Stowe, Burlington, VT

I was in Stowe for a wedding last October. Took a hike before the procession and saw lots of trout. Wish I had a fly rod. There's some fly fishing shops near the area, lots of hiking. I believe you might be able to do mountain biking trails where the ski runs are at Stowe.
by financeidiot
Thu Apr 05, 2018 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: House down payment - Smart for anything between 3.5% and 20%?
Replies: 23
Views: 2534

Re: House down payment - Smart for anything between 3.5% and 20%?

Others here are more knowledgeable about real estate, but you can remove PMI once you pay off a certain percentage of the home's original value. If you make a larger down payment, you are closer to that number, so you don't have as far to go. If you believe you can get a better return, elsewhere, do...
by financeidiot
Tue Apr 03, 2018 9:37 am
Forum: Personal Finance (Not Investing)
Topic: Career Move: Please convince me why I should not work in tech
Replies: 74
Views: 9581

Re: Career Move: Please convince me why I should not work in tech

I think Bogleheads have a (good) tendency towards long-term goal optimization that is not always necessary when it comes to career planning. It's OK to make mistakes in your career as long as you're learning from them. From what you've stated, you have a lot of questions you need to test: 1. What ty...
by financeidiot
Thu Mar 15, 2018 1:17 pm
Forum: Personal Consumer Issues
Topic: Tips on saving on living expenses for a first time single householder
Replies: 46
Views: 4212

Re: Tips on saving on living expenses for a first time single householder

Good advice so far. I've had a lot of luck swinging by my apartment building's dumpster, trash removal space, or "free stuff area," when people move in/out. Got a lot of free furniture (coffee tables, storage boxes, shelves, bookcases, etc.) and other stuff (Ortlieb pannier, my favorite outdoor shir...
by financeidiot
Thu Mar 15, 2018 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Do you consider an emergency fund as part of your overall allocation?
Replies: 24
Views: 2539

Re: Do you consider an emergency fund as part of your overall allocation?

I don't consider my EF to be part of my portfolio, but it does indirectly affect my allocation. Specifically, if I didn't have an emergency fund, I would invest more conservatively. My worst case scenario is losing my job for 3 months or more (fired, laid off, illness, etc.) during a stock market cr...
by financeidiot
Tue Mar 13, 2018 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Need advice re: Liberal Arts Colleges...
Replies: 235
Views: 17138

Re: Need advice re: Liberal Arts Colleges...

In general, students who flourish at liberal arts colleges leave with highly marketable skills, namely sophisticated critical reading, writing, thinking, and oral communication skill. Liberal arts colleges also tend to provide their students with greater individual support than do many larger Unive...
by financeidiot
Mon Mar 05, 2018 1:02 pm
Forum: Personal Consumer Issues
Topic: Etiquette of hanging up on live telemarketers
Replies: 77
Views: 4947

Re: Etiquette of hanging up on live telemarketers

As a former B2B cold caller, I wasn't offended if people hung up, rejection is part of the job. Defend your personal time and space, if you're not interested, no need to waste your time explaining why, just disconnect.
by financeidiot
Mon Mar 05, 2018 12:50 pm
Forum: Investing - Theory, News & General
Topic: Another reason to steer clear of Bitcoin. As if we need another reason...
Replies: 48
Views: 8515

Re: Another reason to steer clear of Bitcoin. As if we need another reason...

Another argument for "stealth wealth." Cryptocurrencies may be anonymous, but not if you let other people know you own them. The less you flaunt your wealth or let people know about any of your assets or your financial situation, the less likely you are to be targeted. It's also a reminder that the ...
by financeidiot
Sun Feb 25, 2018 8:57 pm
Forum: Personal Consumer Issues
Topic: Help! Buying my first sofa/couch
Replies: 27
Views: 2533

Re: Help! Buying my first sofa/couch

Thanks, all!
by financeidiot
Fri Feb 23, 2018 9:51 am
Forum: Personal Consumer Issues
Topic: Help! Buying my first sofa/couch
Replies: 27
Views: 2533

Help! Buying my first sofa/couch

Hi all! I've read the prior posts here on couch advice but I'd love to get some thoughts as to how you would approach buying your first couch. There's too many decisions, brands, and methods of purchase and I'm in analysis paralysis. Here's my situation: 1. Don't have a car. 2. Renter (expect to mov...
by financeidiot
Thu Feb 22, 2018 5:00 pm
Forum: Personal Investments
Topic: Why open a taxable account?
Replies: 27
Views: 6508

Re: Why open a taxable account?

In general, taxable accounts are for: 1. People who have already maxed out their tax advantaged space (401k, IRA, HSA, etc.) and want to invest more. 2. People who want to invest for shorter-term goals than retirement and avoid paying a penalty for early withdrawals. 3. People who want to be able to...
by financeidiot
Tue Jan 30, 2018 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: Accepting an offer from an employer who said previously no!
Replies: 30
Views: 4049

Re: Accepting an offer from an employer who said previously no!

When choosing between two bad options, pick the third one :wink: . That said, I wouldn't hold it against the employer they didn't hire her the first time. They went with the candidate they liked best and it didn't work out. They also were honest enough to explain why they didn't select her. Perhaps ...
by financeidiot
Thu Jan 11, 2018 11:04 am
Forum: Personal Consumer Issues
Topic: Poll: BHs who rent - what % of gross do you spend on rent?
Replies: 84
Views: 6966

Re: Poll: BHs who rent - what % of gross do you spend on rent?

15 - 25% in Washington, DC. Used to be higher until I increased income and added a roommate. Getting rent lower becomes a cost and time tradeoff with transportation.
by financeidiot
Wed Jan 10, 2018 12:44 pm
Forum: Personal Investments
Topic: 25 Year Old Retiring Extremely Early-Domestic Wellesley or Half Global, Half Domestic Wellesley Better for my Bonds?
Replies: 55
Views: 8490

Re: 25 Year Old Retiring Extremely Early-Domestic Wellesley or Half Global, Half Domestic Wellesley Better for my Bonds?

I think you're close to answering your own question about the Wellesley funds. If you see domestic vs. international as a wash, then a 50/50 split between domestic and international and your suggested 1/4 allocation to each fund (or whatever distribution you need to hit your 70/30 equity/bond split ...
by financeidiot
Wed Jan 10, 2018 11:45 am
Forum: Personal Investments
Topic: 25 Year Old Retiring Extremely Early-Domestic Wellesley or Half Global, Half Domestic Wellesley Better for my Bonds?
Replies: 55
Views: 8490

Re: 25 Year Old Retiring Extremely Early

Your current position is defensible, your proposed 1/4 each position is defensible. The solution is to set aside a couple hours (or read some investment books like All About Asset Allocation by Rick Ferri) pick an allocation, write it down (as part of your investment policy statement) and stick to i...
by financeidiot
Fri Dec 29, 2017 10:08 am
Forum: Personal Finance (Not Investing)
Topic: Question about HSA Contribution
Replies: 5
Views: 527

Re: Question about HSA Contribution

You should be good to go as long as you both were covered by the HSA for the full month of December this year (Dec 1 - Dec 31). Here's a summary from New Direction IRA. "Last-month rule: If you are an eligible individual on the first day of the last month of your tax year (usually Dec. 1), you are c...