Search found 541 matches

by djpeteski
Fri Jun 22, 2018 1:51 pm
Forum: Personal Consumer Issues
Topic: 3 nights in Vegas
Replies: 42
Views: 2356

Re: 3 nights in Vegas

If you like sports-bar-type places, you should check out Burger Brasserie. It's in the connector between Paris and Bally's. That place is awesome. For a while, I was in love with a waitress from that place. Also in that tunnel is a Creape place. Very good. A friend's wife got a dress from the bouti...
by djpeteski
Fri Jun 22, 2018 6:04 am
Forum: Personal Consumer Issues
Topic: Did you celebrate when you finally hit $1m?
Replies: 108
Views: 8024

Re: Did you celebrate when you finally hit $1m?

We went out to a nice steak house with the adult children. I had the beef wellington. We did the same when we paid off the home. Giving and helping others is a important element of wealth building. Every year, my wife and I make a plan with planned expendable income. How much do we want to spend on ...
by djpeteski
Thu Jun 21, 2018 6:31 am
Forum: Investing - Help with Personal Investments
Topic: Evaluate my finances. Young guy.
Replies: 96
Views: 13506

Re: Evaluate my finances. Young guy.

I'm really not sure how that analogy applies. Like if the music stops = market crashed? If the market crashes 85%, then I might be on the verge of financial ruin...but at that point, I would believe the whole world would be in financial ruin too... If you take any kind of class that involves risk m...
by djpeteski
Wed Jun 20, 2018 3:05 pm
Forum: Investing - Help with Personal Investments
Topic: Evaluate my finances. Young guy.
Replies: 96
Views: 13506

Re: Evaluate my finances. Young guy.

techcrium wrote:
Wed Jun 20, 2018 2:26 pm
As an update: I am glad I didn't listen to anyone about having lots of debt.
Most people don't lose on the first round or two of musical chairs either.
by djpeteski
Wed Jun 20, 2018 2:54 pm
Forum: Personal Consumer Issues
Topic: 1st Car Mechanic service experience
Replies: 41
Views: 2059

Re: 1st Car Mechanic service experience

For the record, the last dealership experience I had was a nightmare. They attempted to take advantage of my wife, and assumed she had no knowledge of cars. They even yelled at her at one point. To top this all of she made it an appointment and brought it in when they said. 48 hours later no work wa...
by djpeteski
Wed Jun 20, 2018 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: Planning for long-term care of a brother with Autism? (Financial aspect)
Replies: 27
Views: 1690

Re: Planning for long-term care of a brother with Autism? (Financial aspect)

Yep some term life insurance that has a special needs trust as the beneficiary. It will not cost you much. Good work.
by djpeteski
Wed Jun 20, 2018 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: Student Loan Help
Replies: 17
Views: 1173

Re: Student Loan Help

I see no reason not to snowball them: throw everything towards the smallest interest accruing debt, pay it of and go to the second smallest debt. And tick them off one by one. This, the mental and emotional energy that you will gain to have one after another loan paid off is worth the effort. Once ...
by djpeteski
Wed Jun 20, 2018 9:11 am
Forum: Personal Finance (Not Investing)
Topic: Employer creating new role for my promotion, need help
Replies: 11
Views: 1614

Re: Employer creating new role for my promotion, need help

One word: Commendatore

Work that into your job title.

Like "Commendatore of Finance". Hell yeah!

Congratulations :sharebeer !
by djpeteski
Wed Jun 20, 2018 9:06 am
Forum: Personal Finance (Not Investing)
Topic: Retire at 50: Should I?
Replies: 93
Views: 11122

Re: Retire at 50: Should I?

Congratulations! :sharebeer You seemed to have planned just about everything (no surprise as organized you come across). Have you planned additional fishing costs in your budget? I assume so, but it was not specifically addressed. Do this for a year, or two and reevaluate. Also you are going to need...
by djpeteski
Wed Jun 20, 2018 7:55 am
Forum: Personal Finance (Not Investing)
Topic: How much (green) cash at home for emergency ?
Replies: 117
Views: 9206

Re: How much (green) cash at home for emergency ?

Between 1k and 2k. We have never used it for an emergency, but we can use it to pay people who do services for us. Its very handy and we get a good rate when they know they will be handed cash.
by djpeteski
Tue Jun 19, 2018 2:05 pm
Forum: Personal Consumer Issues
Topic: gray hair
Replies: 129
Views: 7415

Re: gray hair

I have a younger wife, and she looks a lot younger than she actually is. Me the same, except for my head of completely gray hair. Colored, I can pass for 38, natural 61. So I color. We buy the stuff from the beauty supply place and my wife does it. It takes her about 5 mins, and I do it once a month...
by djpeteski
Tue Jun 19, 2018 11:51 am
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000?
Replies: 1115
Views: 270026

Re: Best watch for around $5,000?

In my opinion: Garmin. Get a garmin watch for the step tracker alone. Challenge friends/family and yourself to meet your step goals. I have the 920XT which runs around $250. You might want a different model that has the integrated heart rate. Spend the rest on a bicycle.
by djpeteski
Fri Jun 15, 2018 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: $75,000 bonus - help me with my plan
Replies: 20
Views: 2313

Re: $75,000 bonus - help me with my plan

I think this is pretty easy. #1 Use the house down payment money to pay down your mortgage. I'd probably advocate using 10k of the savings to pay it off. No reason not earn 4.5% interest on money that is basically earning nothing. Plus home equity can be used as a house down payment. #2 Bonus comes ...
by djpeteski
Thu Jun 14, 2018 9:15 am
Forum: Personal Finance (Not Investing)
Topic: Timeshare ever worth it? Please share details
Replies: 123
Views: 10111

Re: Timeshare ever worth it? Please share details

We are all over any good timeshare deal that can be had. We are bullet proof, as someone else mentioned, knowing that even if it is something that you want it can be had for pennies on the dollar on the secondary market. One thing to keep in mind: when you buy a point based timeshare you are also su...
by djpeteski
Wed Jun 13, 2018 9:48 am
Forum: Personal Consumer Issues
Topic: Best Father's Day Gift You Ever Received (or wish you'd received)
Replies: 23
Views: 2272

Re: Best Father's Day Gift You Ever Received (or wish you'd received)

With Father's Day around the corner, I was looking to get my father something nice. This year I won't be home for father's day and am still a medical resident with little money. But next year I will be back home and also should have more money as at attending. So, I was hoping to throw this out to ...
by djpeteski
Wed Jun 13, 2018 7:42 am
Forum: Personal Consumer Issues
Topic: Two Year Old Leftover Car
Replies: 15
Views: 1315

Re: Two Year Old Leftover Car

They will ignore any of your logical arguments and seek for you and your SO to become emotional. This... Same situation as I stated above. The discounts are there, you just have to be persistent. My dealer kept going lower and lower until he finally asked how he can earn my business. I said 12k out...
by djpeteski
Wed Jun 13, 2018 7:37 am
Forum: Personal Consumer Issues
Topic: Trade-up my $89 Walmart bike
Replies: 44
Views: 2575

Re: Trade-up my $89 Walmart bike

What is your net worth? What kind of income do you have? If either are high, then get over your price prejudice and buy the bike. Having a good bike is an amazing thing to own. It will help keep you healthy, happy, and around for your grandchildren. They need you. You deserve a bit of luxury. So you...
by djpeteski
Wed Jun 13, 2018 7:21 am
Forum: Personal Consumer Issues
Topic: Two Year Old Leftover Car
Replies: 15
Views: 1315

Re: Two Year Old Leftover Car

My thinking is that since there's still so many of these in dealer stock, and they don't want two year old new cars on their new car lot, hyundai must be thinking of providing some kind of extra cash to get rid of them. You have a fundamental problem here: you are overlaying logic onto the situatio...
by djpeteski
Tue Jun 12, 2018 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Car Lease for parents
Replies: 37
Views: 2538

Re: Car Lease for parents

You can do monthly payments with purchases. I agree, but it is attractive to her for two reasons: The first is that the payments are lower, she has more free cash flow. The second is that she never has to worry about repair or maintenance. She gets to turn the car in prior to even the tires wearing...
by djpeteski
Mon Jun 11, 2018 10:46 am
Forum: Investing - Theory, News & General
Topic: WSJ-- Next Stop for Mutual-Fund Fees: Zero
Replies: 40
Views: 4205

Re: WSJ-- Next Stop for Mutual-Fund Fees: Zero

From the Fidelity Flex 500 Index Fund page:
Shares are available only to certain fee-based accounts offered by Fidelity.
Okay, you can get free mutual funds if you pay for our advisory services.

I would rather have a 0.035% (FUSVX) rather than 0% on FDFIX and at least 1% on my entire portfolio.
by djpeteski
Mon Jun 11, 2018 7:02 am
Forum: Personal Finance (Not Investing)
Topic: Car Lease for parents
Replies: 37
Views: 2538

Re: Car Lease for parents

Car leases are bad regardless of age. This is so true. However, my mom leases and I think it is the right thing for her. She is the kind of a person, that would freak out, if she took 1,000 out of savings, but then replaced it with 1,100 worth of income over 6 months. Her income is pension/ss based...
by djpeteski
Fri Jun 08, 2018 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a house in Florida but you are hundreds of miles away
Replies: 33
Views: 2711

Re: Buying a house in Florida but you are hundreds of miles away

One thing that you should know is that Florida real estate moves pretty darn fast. Lets assume that they have vacationed enough here or even lived here previously enough to know that they want to live in Florida and have a good idea of the area in which they want to live. While it is not quite the e...
by djpeteski
Tue Jun 05, 2018 9:42 am
Forum: Personal Consumer Issues
Topic: The "Difference Card", does anyone have any experience or knowledge ?
Replies: 3
Views: 381

Re: The "Difference Card", does anyone have any experience or knowledge ?

While I did not look at the video content, it seems like a combination discount health cards and an FSA. Its likely that the "discount" part of it is not a discount at all, as typically those discounts are meant for those without health insurance. The insurance companies already negotiate deep disco...
by djpeteski
Thu May 31, 2018 2:07 pm
Forum: Personal Consumer Issues
Topic: Advice for assisting 18 year old son after high school
Replies: 70
Views: 5249

Re: Advice for assisting 18 year old son after high school

U S Marines As a former Marine, I would suggest that only if other attempts fail. Plus dad/mom/aunt/uncle cannot force him to join. Even if he does there are easy enough ways to get kicked out. All you have to do is refuse to do push ups or some such thing. He should be given a chance to succeed wi...
by djpeteski
Thu May 31, 2018 1:52 pm
Forum: Personal Consumer Issues
Topic: Advice for assisting 18 year old son after high school
Replies: 70
Views: 5249

Re: Advice for assisting 18 year old son after high school

I was dealing with some of those things with my son who is now in law school and really makes his father proud. In my opinion you have to take a crawl/walk/run approach to him managing his life and finances. I also believe that everything has to be spelled out in a document that is agreed upon by yo...
by djpeteski
Thu May 31, 2018 12:30 pm
Forum: Personal Consumer Issues
Topic: Enterprise vs Avis
Replies: 43
Views: 2466

Re: Enterprise vs Avis

I really like National and signing up for their loyalty program. Their rates are pretty competitive, on their web site, but I love the ability to pick my own car.

You just fly in, go to the class you reserved and pick the car you like. Their are certain cars I hate to drive and can avoid those.
by djpeteski
Thu May 31, 2018 8:14 am
Forum: Personal Finance (Not Investing)
Topic: Do average kids from upper middle class families get any free college money (Scholarships / non-repayable grants etc)
Replies: 266
Views: 17584

Re: Do average kids from upper middle class families get any free college money (Scholarships / non-repayable grants etc

Ours didn't, and I am still bitter at basically having been bullied by the kids' high school advisors and others into applying for the FAF and the FAFSA,... This. We stood up to them and did not bother. More than net worth, I think it comes down to income. Our daughter even had one of her classes i...
by djpeteski
Fri May 25, 2018 8:48 am
Forum: Personal Consumer Issues
Topic: Has anyone used www.newacunit.com before
Replies: 5
Views: 496

Re: Has anyone used www.newacunit.com before

I am in the market for a new ac unit and I came across to this website I needed to replace my old unit and so I knew the specs. I entered 2.5 tons in the attic and the results are unbelievable cheap The cheapest local AC guys gave me $3,150 for parts and $900 for labor totaling around $4,000 But th...
by djpeteski
Wed May 23, 2018 11:23 am
Forum: Personal Finance (Not Investing)
Topic: Need help with debt strategy
Replies: 47
Views: 2646

Re: Need help with debt strategy

*29 Year old male in CA graduating this May with no kids or wife. *Currently take home $700/week. *Starting salaried June 1 and will jump up to $69k per year or $1327/week before taxes. *Current Cash is $1700 *ROTH IRA worth $8600 in fund HCTAX through a brokerage.I deposit $100/month into this. I ...
by djpeteski
Tue May 22, 2018 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy a new car?
Replies: 46
Views: 2937

Re: Should I buy a new car?

letsgobobby wrote:
Tue May 22, 2018 8:12 am
You say money is just piling up. Where's the pile?
+1 The 35k for new will clean out your efund. Do you have the cash to pay for such a car? Are you looking to take your efund to 19k (6 months of expenses) and a used Jag for 16k?
by djpeteski
Tue May 22, 2018 10:05 am
Forum: Investing - Theory, News & General
Topic: The Millionaire Next Door and civil servants
Replies: 99
Views: 14135

Re: The Millionaire Next Door and civil servants

To date, this is the first criticism of The Millionaire Next Door and Stop Acting Rich that I have seen or heard. Some of the criticism that I read here, is decent, but it ignores the fundamental truths of these books. Namely: those that actually have money, tend not to look like they do; and, those...
by djpeteski
Tue May 22, 2018 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey it or keep low interest debt
Replies: 134
Views: 9255

Re: Dave Ramsey it or keep low interest debt

Thank you both. I realize it’s a heart vs brain issue. My brain says keep it as I’ll likely earn more in my accounts but heart would prefer to payoff For this reason I would recommend to pay off all your debt. Feelings are real and I can only say that this math guy has discovered that it is far mor...
by djpeteski
Tue May 22, 2018 6:53 am
Forum: Personal Finance (Not Investing)
Topic: Home Loan from Parents
Replies: 24
Views: 2307

Re: Home Loan from Parents

There is a small set of circumstances that this can work out: You always pay your bill on time, but not really early They are comfortable with the terms of the loans There is no sibling jelousy They live to the end of the term of the loan. There is a large set of circumstances in which this can go b...
by djpeteski
Tue May 22, 2018 6:43 am
Forum: Personal Consumer Issues
Topic: Create a shareable calendar for iOS and Android?
Replies: 13
Views: 1056

Re: Create a shareable calendar for iOS and Android?

I feel like a dunce. I cannot get google calendar to work for our family. The stuff that I want public won't show up, I find it a hot mess. We have yet to find something that works for our mixed household of Android/Apple users.
:annoyed
by djpeteski
Mon May 21, 2018 6:12 am
Forum: Investing - Help with Personal Investments
Topic: Paid off our school loans, e fund, and now what?!
Replies: 14
Views: 1213

Re: Paid off our school loans, e fund, and now what?!

yes we currently have 1 on Him, and 850k term outside of work and then his new job offered 120k and hers is 200k, looking to up his a bit but they want a new physical etc. Pretty good, lets get hers upped, but it sounds like you guys are working on that! not outside of work policies yet. so we will...
by djpeteski
Fri May 18, 2018 11:23 am
Forum: Investing - Help with Personal Investments
Topic: Paid off our school loans, e fund, and now what?!
Replies: 14
Views: 1213

Re: Paid off our school loans, e fund, and now what?!

Just completed paying off all school debt (175k!) 1 year ago and establishing emergency fund. Congratulations, that is a huge accomplishment. Background: Ages: early/mid 30's. Salary: His 120k Hers 105k Two small children in full time childcare. So my question is: 1. Should we get a financial advis...
by djpeteski
Fri May 18, 2018 8:58 am
Forum: Personal Consumer Issues
Topic: Must See in South Dakota
Replies: 58
Views: 4237

Re: Must See in South Dakota

You will stop at Wall Drug, the signs will beat you into submission.
by djpeteski
Thu May 17, 2018 7:26 am
Forum: Investing - Help with Personal Investments
Topic: Large Personal Injury Settlement
Replies: 58
Views: 5214

Re: Large Personal Injury Settlement

Do you plan on returning to work? At your age you have to have something that fills your life. Yes, I am planning on continuing to create income. I have been out of work for more than 6 months now, and I'm itching to be able to get out of the house and start doing normal things again. Life gets too...
by djpeteski
Thu May 17, 2018 7:16 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage decision killing me
Replies: 52
Views: 6856

Re: Mortgage decision killing me

For me I am torn between the 20 and 30 year and probably leaning toward the 30 year. ARMs are out, the 10 year doesn't give much of a break, and the 7 year is too much risk for 8 more years to pay on a loan in your best case scenario. The 15 year is out too, because, as you said your best case scena...
by djpeteski
Thu May 17, 2018 7:16 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage decision killing me
Replies: 52
Views: 6856

Re: Mortgage decision killing me

For me I am torn between the 20 and 30 year and probably leaning toward the 30 year. ARMs are out, the 10 year doesn't give much of a break, and the 7 year is too much risk for 8 more years to pay on a loan in your best case scenario. The 15 year is out too, because, as you said your best case scena...
by djpeteski
Wed May 16, 2018 8:06 am
Forum: Personal Consumer Issues
Topic: Why this problem never gets fixed [Inflated medical product prices]
Replies: 33
Views: 2326

Re: Why this problem never gets fixed

In my experience the solution is fixed. Most of my doctors, and hospitals, have offered for me to supply my own medical supply equipment. For example, I had a minor knee surgery and the doctor asked me if I had my own crutches, and since I did he recommended that I bring my own. If I didn't then I h...
by djpeteski
Wed May 16, 2018 5:44 am
Forum: Investing - Help with Personal Investments
Topic: Large Personal Injury Settlement
Replies: 58
Views: 5214

Re: Large Personal Injury Settlement

Do you plan on returning to work? At your age you have to have something that fills your life.
by djpeteski
Wed May 16, 2018 5:42 am
Forum: Personal Consumer Issues
Topic: New motorcycle rider
Replies: 106
Views: 4855

Re: New motorcycle rider

I gave up riding due to numerous mishaps and texting drivers. The one that killed it for me, was a vulture flew into my wife while I was tooling down the road at 60mph. Luckily no serious injuries. Having said all that, above all else, take the motorcycle safety class. Buy a bike used, the values dr...
by djpeteski
Tue May 15, 2018 12:54 pm
Forum: Personal Consumer Issues
Topic: Interesting/Playful ideas for 1 year baby
Replies: 37
Views: 1644

Re: Interesting/Playful ideas for 1 year baby

Wrestling. It causes you to be creative to come up with new names for moves. However, my own algorithm is pretty simple to learn: <place> - the more desolate the better <body part> <verb> - needs to be a bit aggresive For example, my 7 month old granddaughter got me with a badlands eye smash and a D...
by djpeteski
Tue May 15, 2018 12:41 pm
Forum: Personal Consumer Issues
Topic: Helping someone with Cancer
Replies: 21
Views: 1398

Re: Helping someone with Cancer

Hmmm, good ideas. My wife has a coworker friend that is a young mom, that is now riding the experimental treatment train. We give them cash, or visa style gift cards. Their health insurance benefits went down significantly this year, they have to travel to get the experimental treatments, and she is...
by djpeteski
Tue May 15, 2018 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Tenant/Landlord Question
Replies: 12
Views: 1145

Re: Tenent/Landlord Question

Where in Florida? Would it happen to be in Palm Beach county?
by djpeteski
Mon May 14, 2018 12:31 pm
Forum: Investing - Help with Personal Investments
Topic: Is Whole Life Insurance Worth It?
Replies: 54
Views: 4155

Re: Is Whole Life Insurance Worth It?

+1 Also, consider layering term life policies. For example, I did a $500k 10 year policy and a $500k 20 year policy. When the 10 year policy expired, our nest egg was such that the 20 year policy alone was sufficient. Now that the 20 year policy is getting close to expiring, we really don’t need an...
by djpeteski
Wed May 09, 2018 12:41 pm
Forum: Personal Consumer Issues
Topic: Family Vacation in Late Feb
Replies: 30
Views: 1447

Re: Family Vacation in Late Feb

We love Aruba, and have been on Grand Turk a few times via cruise ship. The cool thing about Aruba is you clear customs in Aruba, so when your flight lands in the US it is as if you came from a domestic location. Just walk to your car and drive home. For the record we went to Aruba 3 times last year...
by djpeteski
Wed May 09, 2018 11:36 am
Forum: Personal Consumer Issues
Topic: Buying a Boat
Replies: 47
Views: 4894

Re: Buying a Boat

...Bottomline is I'm an avid fisherman, as our my kids, and I think the time is right. Plus I can afford it. I'm very comfortable making the purchase and all that it entails. I only disagree with one thing about your post: This is not un-boglehead. You have earned money and taken care of business. ...
by djpeteski
Tue May 08, 2018 6:33 am
Forum: Investing - Theory, News & General
Topic: Why do so many Americans not own stocks?
Replies: 44
Views: 3705

Re: Why do so many Americans not own stocks?

IMHO it is a chicken and egg thing; or something that builds upon itself. When a person starts making good decisions, it builds upon itself and other things goes well in one's life. Income increases, credit scores go up, and then if you make some other good decisions with those things, then more goo...