Search found 886 matches

by bluebolt
Thu Aug 15, 2019 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: Net-worth rule of thumb for house purchase?
Replies: 123
Views: 5858

Re: Net-worth rule of thumb for house purchase?

bluebolt, 1) I assume nothing. I am prepared for any possibility. 2) I have gold jewelry too. So, I am prepared for currency going to zero too. KlangFool So your AA is 50% nonperishable food, 25% guns/ammo, 25% gold :D bluebolt, How does that protect against inflation? Deflation? Hyper-inflation? I...
by bluebolt
Thu Aug 15, 2019 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: Net-worth rule of thumb for house purchase?
Replies: 123
Views: 5858

Re: Net-worth rule of thumb for house purchase?

Klangfool - I assume your investing strategy assumes that the markets can/will go to zero. bluebolt, 1) I assume nothing. I am prepared for any possibility. 2) I have gold jewelry too. So, I am prepared for currency going to zero too. KlangFool So your AA is 50% nonperishable food, 25% guns/ammo, 2...
by bluebolt
Thu Aug 15, 2019 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: Net-worth rule of thumb for house purchase?
Replies: 123
Views: 5858

Re: Net-worth rule of thumb for house purchase?

Klangfool - I assume your investing strategy assumes that the markets can/will go to zero. bluebolt, 1) I assume nothing. I am prepared for any possibility. 2) I have gold jewelry too. So, I am prepared for currency going to zero too. KlangFool So your AA is 50% nonperishable food, 25% guns/ammo, 2...
by bluebolt
Thu Aug 15, 2019 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Net-worth rule of thumb for house purchase?
Replies: 123
Views: 5858

Re: Net-worth rule of thumb for house purchase?

Klangfool - I assume your investing strategy assumes that the markets can/will go to zero.
by bluebolt
Thu Aug 15, 2019 11:49 am
Forum: Personal Consumer Issues
Topic: Hotel recommendation for Cambridge / Boston
Replies: 39
Views: 1744

Re: Hotel recommendation for Cambridge / Boston

Royal Sonesta & Marlowe in Kendall Square are convenient to both Harvard Sq. & downtown.
Liberty Hotel is also on the red line and convenient to downtown & Cambridge.
by bluebolt
Thu Aug 15, 2019 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Finding MA attorney- need prenup and will/revocable living trust
Replies: 7
Views: 726

Re: Finding MA attorney- need prenup and will/revocable living trust

Definitely talk to an estate attorney. There's also potentially a benefit to create irrevocable trusts for life insurance proceeds, so that they are excluded from the estate for MA purposes (after a three year lookback).
by bluebolt
Tue Aug 13, 2019 7:23 pm
Forum: Personal Consumer Issues
Topic: Do you "lock" computers in your home?
Replies: 77
Views: 5120

Re: Do you "lock" computers in your home?

My home computers lock quickly. They unlock with my Apple Watch, so it's super fast and convenient.
by bluebolt
Fri Aug 09, 2019 3:06 pm
Forum: Personal Consumer Issues
Topic: New company spinoff - how to handle on LinkedIn?
Replies: 5
Views: 392

Re: New company spinoff - how to handle on LinkedIn?

Option 2. Keep it simple. Nobody says on their Linkedin they were a pilot for Piedmont Airlines Then USAir Then American Airlines. This. You could put a line in the description for that position that says something like "Company A - 2002-2017, Company A slightly different 2017-2019, Company C - 201...
by bluebolt
Fri Aug 09, 2019 8:35 am
Forum: Personal Finance (Not Investing)
Topic: Real Estate Negotiation Came to a Halt
Replies: 67
Views: 5028

Re: Real Estate Negotiation Came to a Halt

OP, walk away. An item, whether it be a house, vehicle, antique, etc., is only worth what someone is willing to pay. Many, many people believe that their possessions are more valuable than they actually are. The possession might have special value or special high worth to that individual, but not n...
by bluebolt
Fri Aug 09, 2019 8:19 am
Forum: Personal Finance (Not Investing)
Topic: Unlimited Paid Time Off ("PTO") and Sick Time: cui bono and how does it work?
Replies: 21
Views: 2175

Re: Unlimited PTO, for employees, is an HR con / scam / evil plan to "tether" employees to a workplace? HubSpot? SAS?

Unlimited PTO is a policy. How it's implemented depends on the corporate culture and your manager. I've seen it implemented in a way that gives employees lots of flexibility and in a way where it's not that different from a fixed time-off policy. Most employees are responsible with the policy and so...
by bluebolt
Fri Aug 09, 2019 8:08 am
Forum: Personal Finance (Not Investing)
Topic: Recommendations - Selling & Buying Home
Replies: 8
Views: 635

Re: Recommendations - Selling & Buying Home

In terms of sell-rent buy or buy then sell... you need to take a look at the market temperature and look at your existing home relative to other listing and judge the risk. Also calculate if you can afford to carry both mortgages. In my case just this year we did the same and took the risk to buy f...
by bluebolt
Thu Aug 08, 2019 2:13 pm
Forum: Personal Consumer Issues
Topic: SIM cards for Iceland, Germany (Bavaria), Austria and switxelsnd
Replies: 7
Views: 330

Re: SIM cards for Iceland, Germany (Bavaria), Austria and switxelsnd

Google Fi or Tmobile are great if you are already a subscriber. If not, it's probably more convenient and maybe cheaper to get a local SIM for the trip.
by bluebolt
Thu Aug 08, 2019 11:36 am
Forum: Personal Consumer Issues
Topic: Renting a car in Boston (Logan Airport)
Replies: 9
Views: 438

Re: Renting a car in Boston (Logan Airport)

Just as an FYI, you can often find substantial savings by renting a car near, but not at, the airport. Find an Avis or Hertz nearby and take an Uber to/from Logan. Maybe even cheaper to use the subway? The “Silver Line” bus is free to downtown, so if it is significantly cheaper to rent downtown, yo...
by bluebolt
Thu Aug 08, 2019 11:25 am
Forum: Personal Consumer Issues
Topic: SIM cards for Iceland, Germany (Bavaria), Austria and switxelsnd
Replies: 7
Views: 330

Re: SIM cards for Iceland, Germany (Bavaria), Austria and switxelsnd

The 3 UK sim sold on Amazon for about $20 has 12GB of data and 3000 texts/calls. Claims to work in all of those places including Switzerland.

I used it on my last trip to Europe and it worked great.
by bluebolt
Thu Aug 08, 2019 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage Lender won't give rate with pre-approval
Replies: 11
Views: 677

Re: Mortgage Lender won't give rate with pre-approval

Go through a mortgage broker. They will supply a pre-approval letter and likely a better rate than your credit union (and if not, you can always go with the credit union). They won't make you pay an upfront fee. How does this process work? Any suggestions on who we should use? I've used LendingTree...
by bluebolt
Thu Aug 08, 2019 10:15 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage Lender won't give rate with pre-approval
Replies: 11
Views: 677

Re: Mortgage Lender won't give rate with pre-approval

Go through a mortgage broker. They will supply a pre-approval letter and likely a better rate than your credit union (and if not, you can always go with the credit union). They won't make you pay an upfront fee.
by bluebolt
Wed Aug 07, 2019 6:43 pm
Forum: Personal Consumer Issues
Topic: Boston for a few hours with young kids
Replies: 20
Views: 922

Re: Boston for a few hours with young kids

We're doing a family trip to New England and will have 3-4 hours to kill in Boston. We'd like to do something outside and explore a bit. I'm thinking walk around Boston commons, possibly along the river. Are there any playgrounds or things the kids would really like? Can we go to the top of any of ...
by bluebolt
Wed Aug 07, 2019 6:29 pm
Forum: Personal Consumer Issues
Topic: wifi router, too many options!
Replies: 41
Views: 2716

Re: wifi router, too many options!

Netgear Orbi is not a true mesh system. All of the satellite units only talk directly back to the main hub. Think of a hub and spoke wheel on a wagon. Your range is limited to inside the circle. You can not daisy chain them together like in my telephone pole example. That appears to be no longer tr...
by bluebolt
Wed Aug 07, 2019 3:31 pm
Forum: Personal Consumer Issues
Topic: wifi router, too many options!
Replies: 41
Views: 2716

Re: wifi router, too many options!

eve if you don't need mesh, get a google wifi. It's just so nice having something that simply works and you don't have to even think about it. Also thinking a few years into the future.. does your coverage extends to your backyard? Think about connected devices you may want to add, wifi cameras, sm...
by bluebolt
Wed Aug 07, 2019 3:25 pm
Forum: Personal Consumer Issues
Topic: Boston for a few hours with young kids
Replies: 20
Views: 922

Re: Boston for a few hours with young kids

One option is: Aquarium Rose Kennedy Greenway and/or Christopher Columbus Park Walk in the North End. Get some lunch (Pizzeria Regina or a million other options) and/or pastries (Mike's Pastry and Modern Pastry are the two best known places). You can finish up at Faneuil Hall/Quincy Market All of th...
by bluebolt
Wed Aug 07, 2019 9:08 am
Forum: Personal Finance (Not Investing)
Topic: How many bids/estimates do you get for services
Replies: 36
Views: 1521

Re: How many bids/estimates do you get for services

Depending on how densely populated of an area you live in, you may have an active NextDoor or Facebook neighborhood group. I find that these type of questions are asked & answered there frequently. E.g. I am looking for bids for a specific service - who are good providers and what price range was pa...
by bluebolt
Tue Aug 06, 2019 8:24 am
Forum: Personal Finance (Not Investing)
Topic: Small business being acquired. What to look out for?
Replies: 7
Views: 884

Re: Small business being acquired. What to look out for?

He should speak to an attorney. He should protect himself against changes the acquiring company makes to his position, responsibilities or salary. If he leaves for any of these reasons, he should still be eligible for some/all of the earn out. He should protect himself against decisions the company ...
by bluebolt
Tue Aug 06, 2019 5:14 am
Forum: Personal Finance (Not Investing)
Topic: Child with cancer
Replies: 10
Views: 2266

Re: Child with cancer

I hope your child heals completely and quickly.

If you need it - mealtrain.com is a good resource for helpful friends to organize bringing meals.
by bluebolt
Sat Aug 03, 2019 11:58 am
Forum: Personal Finance (Not Investing)
Topic: Companies not sending bills
Replies: 14
Views: 1111

Re: Companies not sending bills

I think your theory that a company would stop sending bills in order to generate more revenue is flawed.
by bluebolt
Fri Aug 02, 2019 3:07 pm
Forum: Personal Consumer Issues
Topic: Insane to buy a sports car?
Replies: 207
Views: 9446

Re: Insane to buy a sports car?

Yes, you can afford it. Do it now because your future kids will kill that dream :wink: Fixed that for you. :D Seriously, though. You can afford it if you want. Just be prepared for it to become just a moderately fun way to get around (versus a super-awesome sports car) after a pretty short period o...
by bluebolt
Fri Aug 02, 2019 9:30 am
Forum: Personal Consumer Issues
Topic: luxury vehicle: what income/asset range
Replies: 75
Views: 4559

Re: luxury vehicle: what income/asset range

Also remember that new luxury vehicles can add thousands of dollars in taxes & insurance especially in the first few years depending on where you are located.
by bluebolt
Fri Aug 02, 2019 9:17 am
Forum: Personal Consumer Issues
Topic: luxury vehicle: what income/asset range
Replies: 75
Views: 4559

Re: luxury vehicle: what income/asset range

Our approach is that we need to be able to pay for a car with cash without any impact to our annual savings goals (even if we end up financing all or part). Practically, that means that we are setting aside money over and above our annual savings in order to have that lump sum available if and when ...
by bluebolt
Thu Aug 01, 2019 9:35 am
Forum: Personal Consumer Issues
Topic: Day care vs nanny for child care
Replies: 62
Views: 3334

Re: Day care vs nanny for childcare

Nanny Pros - flexibility, one-on-one time, can adapt schedule better to child, lower stress of strict pick-up/drop-off times, child less likely to be sick, ability for nanny to do some things around the house, cost relatively fixed for 2 or 3 kids. Cons - Sickness, vacation can be a challenge. If th...
by bluebolt
Thu Aug 01, 2019 8:52 am
Forum: Personal Finance (Not Investing)
Topic: Why won’t anyone hire me?
Replies: 156
Views: 14903

Re: Why won’t anyone hire me?

OP - it's been asked a couple of times, but could you comment on your computer skills? Excel, Powerpoint, Word, web research?

Any admin or temp position I've hired in the last many years - if you didn't have some of those skills at a moderate or advanced level, you wouldn't be considered.
by bluebolt
Wed Jul 31, 2019 6:00 pm
Forum: Investing - Theory, News & General
Topic: What are the effects of the recent Feds Rate Cut?
Replies: 28
Views: 3831

Re: What are the effects of the recent Feds Rate Cut?

Long terms rates are unlikely to be affected now, as the rate cut was already priced in.

Rates tied to the prime rate are likely to drop 0.25%.
by bluebolt
Wed Jul 31, 2019 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: Wife (teacher) and I are trying for a baby. What are some "must-knows" and other tips?
Replies: 122
Views: 8823

Re: Wife (teacher) and I are trying for a baby. What are some "must-knows" and other tips?

A thought on co-parenting: it can be difficult for the primary parent to give up control when the other parent is supposed to be in charge. If you really want this to work, you have to make peace with the fact that the other parent is not going to do everything exactly how you would do it. My wife ...
by bluebolt
Wed Jul 31, 2019 10:01 am
Forum: Personal Finance (Not Investing)
Topic: 30-yeard old couple getting ready to get married -- how are we doing? What are we missing?
Replies: 5
Views: 1229

Re: 30-yeard old couple getting ready to get married -- how are we doing? What are we missing?

Good advice given already. The most important thing for us is just being on the same page from a lifestyle/spending/saving perspective. Also, we both are very good about discussing any significant financial decisions. I know some folks discuss purchases over $X, but for us, it's just about using goo...
by bluebolt
Wed Jul 31, 2019 9:07 am
Forum: Personal Finance (Not Investing)
Topic: Wife (teacher) and I are trying for a baby. What are some "must-knows" and other tips?
Replies: 122
Views: 8823

Re: Wife (teacher) and I are trying for a baby. What are some "must-knows" and other tips?

A thought on co-parenting: it can be difficult for the primary parent to give up control when the other parent is supposed to be in charge. If you really want this to work, you have to make peace with the fact that the other parent is not going to do everything exactly how you would do it. My wife ...
by bluebolt
Tue Jul 30, 2019 9:02 am
Forum: Personal Finance (Not Investing)
Topic: Job Offer Evaluation - FANG
Replies: 114
Views: 13567

Re: Job Offer Evaluation - FANG

Tech is crazy these days. A 24 year old family member of mine just landed a $110k marketing job with total comp potential up to $140k. A 24 year old. In Marketing. It is crazy. Some of the valuations reek of 1998. You mean 1999 & 2000, right? The Nasdaq more than doubled from the end of 1998 throug...
by bluebolt
Mon Jul 29, 2019 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: Wife (teacher) and I are trying for a baby. What are some "must-knows" and other tips?
Replies: 122
Views: 8823

Re: Wife (teacher) and I are trying for a baby. What are some "must-knows" and other tips?

Some must knows: You're going to mess up. You're going to make mistakes. You're going to feel guilty. You're going to feel bad. You're going to feel inadequate. But you'll get through it. You'll feel the joy the first time your little one smiles, the first time they laugh, the first time they sit up...
by bluebolt
Fri Jul 26, 2019 9:35 am
Forum: Personal Finance (Not Investing)
Topic: How do you move past old financial mistakes?
Replies: 57
Views: 4698

Re: How do you move past old financial mistakes?

Reaching your financial goals is not about not making any mistakes. It's about being able to adjust your plan when you make mistakes or when the market doesn't cooperate with your plan.
by bluebolt
Fri Jul 26, 2019 9:19 am
Forum: Personal Consumer Issues
Topic: Prepaid eSIM for Europe travel
Replies: 18
Views: 821

Re: Prepaid eSIM for Europe travel

Because of the broader availability, I decided to use a physical SIM in my dual-SIM (eSIM & SIM) phone when I traveled to Europe. I first switched my US plan from the physical SIM to the eSIM, which took about 10 minutes at my carrier's retail store. I then purchased one of these which has 12GB of d...
by bluebolt
Thu Jul 25, 2019 9:54 am
Forum: Personal Finance (Not Investing)
Topic: First Home Purchase - Disagreement on Appraisal Contingency
Replies: 81
Views: 3442

Re: First Home Purchase - Disagreement on Appraisal Contingency

0% chance I’d agree to waive an appraisal contingency as a buyer. In my market for the last few years, cash buyers above asking with no contingencies are relatively common. And assuming you (or your agent) have run comps, it would be odd for the appraisal to come back as a huge surprise. So, you co...
by bluebolt
Thu Jul 25, 2019 9:41 am
Forum: Personal Finance (Not Investing)
Topic: How do you deal with looking bad compared to others?
Replies: 77
Views: 5012

Re: How do you deal with looking bad compared to others?

In general, I don't care about what other people think about my spending/money. DW and I focus on achieving our goals. People have made many comments to me over the years, such as: "Why do you live in THAT neighborhood?" "Can't you afford a new car?" "I would *never* drive a car like that." All alon...
by bluebolt
Thu Jul 25, 2019 8:45 am
Forum: Personal Finance (Not Investing)
Topic: First Home Purchase - Disagreement on Appraisal Contingency
Replies: 81
Views: 3442

Re: First Home Purchase - Disagreement on Appraisal Contingency

Depends on how much of a seller's market you're in and how much you want the home. Around here, offers with no inspection, no financing and no appraisal contingencies are not uncommon. Agree that if you're comfortable with the valuation/price you're paying, the appraisal only matters to the extent t...
by bluebolt
Wed Jul 24, 2019 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: Do people in HCOL areas have a higher net worth and more wealth building potential than LCOL?
Replies: 222
Views: 14712

Re: Do people in HCOL areas have a higher net worth and more wealth building potential than LCOL?

Some of the most successful people I've worked with have executed the following strategy: 1) Get a job at a successful company in a VHCOL/HCOL area 2) Make yourself invaluable/irreplaceable to said company 3) Relocate to a MCOL/LCOL area as a remote employee Then, you have the best of both worlds. A...
by bluebolt
Wed Jul 24, 2019 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: Transferring property to parent
Replies: 14
Views: 965

Re: Transferring property to parent

One consideration is state dependent. Some states have lower estate tax thresholds, so transferring to your mother if she is already over the state threshold, or if this puts her over the threshold could cost her estate in taxes. If this property (or its value) would come back to you and/or your des...
by bluebolt
Mon Jul 22, 2019 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of children
Replies: 49
Views: 2053

Re: Cost of children

Daycare shouldn't always be "assumed" once kids are in the picture. For instance, some of us actually do raise our own kids instead of outsourcing that duty, the cost of which is $0 when compared to daycare. Maybe even a net gain after the cost of taxes on a second income. But really it's about mor...
by bluebolt
Mon Jul 22, 2019 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: What two or three financial things to do to wind up wealthy regardless if you make numerous other financial mistakes?
Replies: 85
Views: 9013

Re: What two or three financial things to do to wind up wealthy regardless if you make numerous other financial mistakes

Living below your means and adjusting your goals to your income & returns will allow you to weather many kinds of mistakes. You also have to be willing to see mistakes, admit them, and change behavior, otherwise you will keep making them. Obviously, if your mistake is living constantly above your me...
by bluebolt
Sun Jul 21, 2019 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: Do people in HCOL areas have a higher net worth and more wealth building potential than LCOL?
Replies: 222
Views: 14712

Re: Do people in HCOL areas have a higher net worth and more wealth building potential than LCOL?

steve roy wrote:
Sun Jul 21, 2019 3:46 pm
One of the large impediments to moving to desirable parts of California now is the exorbitant prices for houses *and Prop 13*.
Fixed that for you :happy
by bluebolt
Fri Jul 19, 2019 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Harrassed at work, what steps to take to protect her future employment
Replies: 93
Views: 8389

Re: Harrassed at work, what steps to take to protect her future employment

I have no doubt your friend, an employee of 30 years, has told you exactly what is going on. Why folks think she is exaggerating the case is baffling. With the new management and poor corporate financials, along with a mandate to cut heads, it's very likely they are trying to push her out. I suspec...
by bluebolt
Fri Jul 19, 2019 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Harrassed at work, what steps to take to protect her future employment
Replies: 93
Views: 8389

Re: Harrassed at work, what steps to take to protect her future employment

Can’t you fire someone for no reason in the U.S.? If the employer doesn’t like her they have the power to just let the employee go. Typically yes for an at-will employee. However, if your actual reason is discrimination against a protected class, you open yourself up to liability as an employer. Th...
by bluebolt
Fri Jul 19, 2019 9:20 am
Forum: Personal Consumer Issues
Topic: Phone options when traveling out of country?
Replies: 25
Views: 1902

Re: Phone options when traveling out of country?

Did some more searching and found a lot of useful info to add to all the info posted here. Do have another question though. I read in one place that in Portugal you can use a SIM card from anywhere in the EU with no roaming. Anyone know if this is indeed true? That would make things a lot easier si...
by bluebolt
Thu Jul 18, 2019 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: Why Personal Finance is not taught in Schools in the US
Replies: 59
Views: 2915

Re: Why Personal Finance is not taught in Schools in the US

Personal finance in 5 seconds:

Live below your means. The rest is commentary.
by bluebolt
Thu Jul 18, 2019 10:38 am
Forum: Personal Consumer Issues
Topic: Lightweight, durable, laptop bag
Replies: 29
Views: 1363

Re: Lightweight, durable, laptop bag

I have a Timbuk2 messenger laptop bag that I've had for about 7 years. Still looks great. It's really small when I only have my laptop in it, but the main pocket still has a decent amount of room to expand if I need to put other stuff in there. It would technically fit in another bag, but it's not s...