Search found 981 matches

by Cycle
Thu Jan 17, 2019 5:02 pm
Forum: Investing - Theory, News & General
Topic: Bogle "5% Gold"
Replies: 76
Views: 7088

Re: Bogle "5% Gold"

If you ever need gold due to a catastrophe, that gold better be at home. The workers at the bank will loot the safety deposit boxes. Gold held by a fund will not be worth anything as you'll have no way to get to the fund holding location to make a withdrawal, and it will likely have been seized by t...
by Cycle
Thu Jan 17, 2019 8:15 am
Forum: Personal Finance (Not Investing)
Topic: Have I Now Become Out of Touch Financially? Aging question...
Replies: 90
Views: 11115

Re: Have I Now Become Out of Touch Financially? Aging question...

Yes. You are out of touch. The entirety of SoCal is out of touch. Come visit the midwest or south and see how many people drive 100k-200k cars or live in million dollar houses. Heck, if I see a CPO Mercedes driving around it requires a double take. You would instantly become one of the flashiest pe...
by Cycle
Wed Jan 16, 2019 10:12 pm
Forum: Investing - Theory, News & General
Topic: When would you stop being a Boglehead?
Replies: 95
Views: 7397

Re: When would you stop being a Boglehead?

I think I'd try to give away the excess money at some point, so I'd always be just managing it myself. The number is NW+1MM on any given day
by Cycle
Wed Jan 16, 2019 10:05 pm
Forum: Investing - Help with Personal Investments
Topic: 100% in VTSAX - Is it crazy???
Replies: 82
Views: 7922

Re: 100% in VTSAX - Is it crazy???

I could see doing that with vanguard total world admiral. I read on BH that customer service rep said in 2019 they may make total world admiral.
by Cycle
Wed Jan 16, 2019 9:56 pm
Forum: Investing - Help with Personal Investments
Topic: Why are you NOT buying rental properties?
Replies: 221
Views: 16013

Re: Why are you NOT buying rental properties?

I highly recommend that anyone interested in being a landlord read Evicted , authored by a recipient of the MacArthur Genius grant. If your state allows, doing 30 day leases allows one to circumvent the eviction process by simply terminating the lease and eating the rent gap for 1-2 months. I hate ...
by Cycle
Wed Jan 16, 2019 9:45 pm
Forum: Investing - Help with Personal Investments
Topic: Why are you NOT buying rental properties?
Replies: 221
Views: 16013

Re: Why are you NOT buying rental properties?

I have one duplex i rent out. I only do month to month leases. I live in one half. It's not a bad deal. I invested $145k cash for the rented unit, no mortgage, and I get $1600/mo in Minneapolis. I'd consider getting another, but only when the real estate market tanks. I don't think it'd be worth it ...
by Cycle
Mon Jan 14, 2019 4:43 pm
Forum: Personal Consumer Issues
Topic: Disciplined with finances, but not so with diet
Replies: 217
Views: 9753

Re: Disciplined with finances, but not so with diet

What if he works from home? My commute to my home office is only about 30 steps. Since you don't commute, you could ride a bike 20 miles before starting work. I used to do that when I had a job close to my home. Op has no discipline, so that's a non starter for them and frankly 99.9% of the populat...
by Cycle
Mon Jan 14, 2019 4:36 pm
Forum: Personal Consumer Issues
Topic: Disciplined with finances, but not so with diet
Replies: 217
Views: 9753

Re: Disciplined with finances, but not so with diet

What if he works from home? My commute to my home office is only about 30 steps. Then my advice doesn't apply unless op is willing to get a new job. Its great that you don't need discipline because you bike to work every day. I know some folks that do it in the NorthEast (even on days when the weat...
by Cycle
Mon Jan 14, 2019 4:20 pm
Forum: Personal Consumer Issues
Topic: Disciplined with finances, but not so with diet
Replies: 217
Views: 9753

Re: Disciplined with finances, but not so with diet

DaftInvestor wrote:
Mon Jan 14, 2019 4:10 pm
What if he works from home? My commute to my home office is only about 30 steps.
Then my solid gold advice doesn't apply unless op is willing to get a new job. Personally I wouldnt want to work from home since I enjoy bike commuting so much, it's the best part of my day.
by Cycle
Mon Jan 14, 2019 4:08 pm
Forum: Personal Consumer Issues
Topic: Disciplined with finances, but not so with diet
Replies: 217
Views: 9753

Re: Disciplined with finances, but not so with diet

This whole debate is crazy. Without the discipline none of it matters. The OP says he has no discipline. With all the disparate views posted here he may only see it as a diversion to actually starting to work on his weight loss. OPs original post has to do with discipline and the replies have not f...
by Cycle
Mon Jan 14, 2019 3:45 pm
Forum: Personal Consumer Issues
Topic: Disciplined with finances, but not so with diet
Replies: 217
Views: 9753

Re: Disciplined with finances, but not so with diet

Exercise? just sell you car and bike to work Don't want to exercise today? Well you'll be fired for not showing up, so looks like it's another obligatory exercise day. Exactly what I did. Obligatory 60 minutes of daily exercise 5 days a week just with the simple act of going to work and then going ...
by Cycle
Mon Jan 14, 2019 12:18 pm
Forum: Personal Consumer Issues
Topic: How do I stop jeans from ripping in the thighs?
Replies: 70
Views: 4325

Re: How do I stop jeans from ripping in the thighs?

Muumuu's can be worn by men or women and would resolve your issue
by Cycle
Sun Jan 13, 2019 8:33 pm
Forum: Investing - Help with Personal Investments
Topic: I know market timing is a fool's game but...
Replies: 59
Views: 4725

Re: I know market timing is a fool's game but...

no, still buying as usual. once per week for taxable/529 and once per pay check for 401k.
by Cycle
Sun Jan 13, 2019 1:19 pm
Forum: Personal Consumer Issues
Topic: ROI calc on grocery expenses
Replies: 29
Views: 1880

Re: ROI calc on grocery expenses

It's just too risky, the medical device companies may start offering a ZERO cost Mac and cheese subscription, and you've already locked yourself into a long term contract.
by Cycle
Sun Jan 13, 2019 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Dropping collision insurance on auto policy for older car?
Replies: 25
Views: 2120

Re: Dropping collision insurance on auto policy for older car?

Self insure on collision. We never own a vehicle that is so expensive that we need to carry collision, so they're replaceable for less than 10k. For my wife's vehicle.
by Cycle
Sun Jan 13, 2019 1:08 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity Zero Funds
Replies: 33
Views: 1934

Re: Fidelity Zero Funds

Don't be a first adopter, that's why I didn't switch to Fidelity zero when TLHing this year.

The difference in fees is pretty small, so just wait a couple years to see the tax efficiency and tracking to the index.
by Cycle
Sun Jan 13, 2019 11:03 am
Forum: Personal Finance (Not Investing)
Topic: Another Home Affordability Thread
Replies: 31
Views: 3602

Re: Another Home Affordability Thread

Note there is downside risk with housing as well, people only talk about appreciation in VHCOL areas, but a satiation of demand could occur through commoditization of housing. The mechanism by which this would occur would be upzoning of your entire state to allow tall 6 story multifamily buildings (...
by Cycle
Sat Jan 12, 2019 9:30 am
Forum: Personal Finance (Not Investing)
Topic: Millionaire by 40 and How you Did it?
Replies: 90
Views: 10245

Re: Millionaire by 40 and How you Did it?

hdas wrote:
Sat Jan 12, 2019 7:58 am
1 mil it’s not what it used to be. It’s around 8-10 million these days in order to be in the top 1% of the distribution in the US.

Cheers :greedy
Not at 40, for a 40 year old:
8MM earning 5% real per year will be 27MM at 65.
2.4MM earning 5% real per year will be 8MM at 65
by Cycle
Sat Jan 12, 2019 7:07 am
Forum: Personal Finance (Not Investing)
Topic: Millionaire by 40 and How you Did it?
Replies: 90
Views: 10245

Re: Millionaire by 40 and How you Did it?

Parents started me off with no debt out of undergrad. I had work pay for grad school, and used remaining college fund money ($20k) to buy a condo when I was 24. which i rented a bedroom out in. Nice headstart against most, like my wife had student loan debt when we married that I helped pay down. An...
by Cycle
Sat Jan 12, 2019 6:37 am
Forum: Personal Consumer Issues
Topic: Disciplined with finances, but not so with diet
Replies: 217
Views: 9753

Re: Disciplined with finances, but not so with diet

Dontwasteit is not really wrong. When the majority of folks say "I'm going on a on a diet" I don't need to break out a dictionary to know what they really mean is "I'm temporarily modifying my eating habits to lose wait". Compare that to someone that states "I'm making life style changes by changin...
by Cycle
Fri Jan 11, 2019 5:02 pm
Forum: Personal Consumer Issues
Topic: Disciplined with finances, but not so with diet
Replies: 217
Views: 9753

Re: Disciplined with finances, but not so with diet

Dontwasteit is not really wrong. When the majority of folks say "I'm going on a on a diet" I don't need to break out a dictionary to know what they really mean is "I'm temporarily modifying my eating habits to lose wait". Compare that to someone that states "I'm making life style changes by changin...
by Cycle
Fri Jan 11, 2019 8:41 am
Forum: Personal Consumer Issues
Topic: Disciplined with finances, but not so with diet
Replies: 217
Views: 9753

Re: Disciplined with finances, but not so with diet

I lost 12lbs last year. Instead of focusing on cutting foods, I added an avocado and a can of black beans a day. The beans have a lot of fiber and the avocado a lot of fat. Both of which keep you full. This is a highly effective strategy. We just buy green avocados and let them ripen on the counter...
by Cycle
Thu Jan 10, 2019 11:12 pm
Forum: Personal Consumer Issues
Topic: Disciplined with finances, but not so with diet
Replies: 217
Views: 9753

Re: Disciplined with finances, but not so with diet

I believe once you label it a diet, one is doomed to fail. It must be a considered a "Life style change" that you actually believe in. Like most things in life, you really must want to change or it most likely is doomed. Wrong. I've heard that said many times on npr. A diet is, "the kinds of food t...
by Cycle
Thu Jan 10, 2019 9:58 pm
Forum: Personal Consumer Issues
Topic: Disciplined with finances, but not so with diet
Replies: 217
Views: 9753

Re: Disciplined with finances, but not so with diet

Structure your life to overcome your weakness. One only needs to eat once a day, at most. Stop getting huge swings in energy levels by just eating one meal. If u think that's hard, do a five day water fast, and then you'll understand what hunger actually is. It's easy to stick to a low carb Paleo st...
by Cycle
Thu Jan 10, 2019 1:10 pm
Forum: Investing - Help with Personal Investments
Topic: Would your FIRE plan work had your journey started 1965?
Replies: 66
Views: 4439

Re: Would your FIRE plan work had your journey started 1965?

KlangFool wrote:
Wed Jan 09, 2019 12:54 am
1) No, I am not from China. China average gross saving rate is higher at 40+%.
There is the Klang river which runs through Kuala Lumpur, which is what I would have guessed... Ie Malaysia. Though I've also seen the word Klang on some dishes from Laos.
by Cycle
Thu Jan 10, 2019 12:24 pm
Forum: Personal Consumer Issues
Topic: Fender Bender backing out of garage. File a claim with insurance?
Replies: 21
Views: 1510

Re: Fender Bender backing out of garage. File a claim with insurance?

Get rid of personal cars, you'll never have these problems again. There are certain levers in life that greatly simplify things, add free time, and accelerate wealth accumulation, owning a car is not one of them.
by Cycle
Thu Jan 10, 2019 11:01 am
Forum: Personal Finance (Not Investing)
Topic: Is buying a $700K first home crazy?
Replies: 70
Views: 7303

Re: Is buying a $700K first home crazy?

For what it's worth, I view housing as an expense and try to keep that expense low. Ive taken up minimalism, and now I love our space and wouldn't want anything bigger. I bought our unit for 95k (in Minneapolis), and spent 50k gut rehabbing it myself, but I'm hindsight I view that as wasted time. If...
by Cycle
Wed Jan 09, 2019 10:15 am
Forum: Personal Finance (Not Investing)
Topic: Health insurance informs me after procedure that they won't cover all of it
Replies: 20
Views: 1590

Re: Health insurance informs me after procedure that they won't cover all of it

BusterMcTaco wrote:
Tue Jan 08, 2019 10:58 pm
tmcc wrote:
Tue Jan 08, 2019 10:31 pm
Just give them a leather belt to bite and a bottle of whiskey.
Do you think my insurance would reimburse the whiskey?
No, but you can use your HSA
by Cycle
Tue Jan 08, 2019 1:40 pm
Forum: Personal Consumer Issues
Topic: Engineer Co-op question
Replies: 14
Views: 905

Re: Engineer Co-op question

At my megacorp I've had meche co-ops as young as 18 and as old as 35 work for me. We interview them after their 1st-3rd college term. You are absolutely qualified to apply. You've got a great gpa and experience.

I've mentored probably 20 co-ops over the years, they do most of my work.
by Cycle
Tue Jan 08, 2019 12:55 pm
Forum: Personal Consumer Issues
Topic: I bought a new iPad on sale...should I have?
Replies: 38
Views: 2545

Re: I bought a new iPad on sale...should I have?

We get iPads occasionally as gifts at work, but sell them on eBay. How many screens does one need? For most: 1 tv 1 big computer screen (like a PC, a laptop, VR headset, or iPad) 1 pocket screen (phone) 1 GPS watch if u are a biker or runner (Garmin or apple watch) Anything beyond that is just unnec...
by Cycle
Mon Jan 07, 2019 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: $40,000 in debt, bankruptcy seems to be the best option right now
Replies: 258
Views: 20286

Re: $40,000 in debt, bankruptcy seems to be the best option right now

- Don't drive anywhere for lunch FYI, lunch and breakfast are optional. I only eat dinner. I do this more for health and productivity reasons than anything else, but I never have to spend a dime at my megacorps gormet food court. After the habit is established you don't get hangry during the day. I...
by Cycle
Mon Jan 07, 2019 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: Are we at "Peak FI"?
Replies: 93
Views: 9883

Re: Are we at "Peak FI"?

FIRE has always been here. The only thing remotely new is the acronym. What is new is that the internet allows small subsets of the population to connect easier and build a community. You get a 1000 people with a shared interest and you can get a lively message board going. A 10-15 year period of l...
by Cycle
Mon Jan 07, 2019 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: $40,000 in debt, bankruptcy seems to be the best option right now
Replies: 258
Views: 20286

Re: $40,000 in debt, bankruptcy seems to be the best option right now

I live in Dade county and to be honest, to the people who are suggesting you get a rental it's just not realistic. Rental in any decent sort of neighborhood for a rental is going to run you about $1700 a month for a two bedroom, so you will be paying more for less and not earning equity. I wouldn't...
by Cycle
Mon Jan 07, 2019 7:10 am
Forum: Personal Consumer Issues
Topic: $70k Salary, how much Car can I afford? Recommendations?
Replies: 22
Views: 2712

Re: $70k Salary, how much Car can I afford? Recommendations?

There's not much available for less than $3k for good quality, in my experience selling on Craigslist. If you can afford 4500-6000 you can get a very nice 8 year old Honda with 100k miles on it. Buy private party.

My wife's 2012 crv is valued at 6500 and has 85k miles on it.
by Cycle
Sun Jan 06, 2019 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: Are we at "Peak FI"?
Replies: 93
Views: 9883

Re: Are we at "Peak FI"?

I've been getting the organic sugar free peanut butter from Aldi. I also used to pocket the quarter when someone would give me a free cart, but last week I paid it forward, since i'm feeling pretty flush :greedy
by Cycle
Sun Jan 06, 2019 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: Are we at "Peak FI"?
Replies: 93
Views: 9883

Re: Are we at "Peak FI"?

TheHouse7 wrote:
Sun Jan 06, 2019 4:37 pm
I think u.s. is already past previous debt levels before the last financial crisis. (Don't quote me.)
I've seen a lot of dumpsters and port-a-potties on peoples front lawns (home renovations)
by Cycle
Sun Jan 06, 2019 9:14 pm
Forum: Personal Finance (Not Investing)
Topic: What do you think are (some of) the best states to live in?
Replies: 81
Views: 6258

Re: What do you think are (some of) the best states to live in?

Minnesota https://momentummag.com/wp-content/uploads/2015/01/51-feat-Minneapolis-Bridge-Lead.jpg decent job opportunities/economy : tons of fortune 500 companies in the twin cities with excellent pay (12), more than Chicago. Largest private company in the world, Cargill. good education we are the s...
by Cycle
Sun Jan 06, 2019 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: What do you think are (some of) the best states to live in?
Replies: 81
Views: 6258

Re: What do you think are (some of) the best states to live in?

I've lived/worked in Portland, OR, Sacramento, CA, Tempe, AZ and Atlanta, GA. I'm always dumbfounded by how many people want to move to Portland (where I grew up and family still lives). While scenic, the cost of living, particularly for housing, far outpaces salaries. For instance, I work in corpo...
by Cycle
Sun Jan 06, 2019 8:57 pm
Forum: Personal Finance (Not Investing)
Topic: What do you think are (some of) the best states to live in?
Replies: 81
Views: 6258

Re: What do you think are (some of) the best states to live in?

Minnesota https://momentummag.com/wp-content/uploads/2015/01/51-feat-Minneapolis-Bridge-Lead.jpg decent job opportunities/economy : tons of fortune 500 companies in the twin cities with excellent pay (12), more than Chicago. Largest private company in the world, Cargill. good education we are the s...
by Cycle
Sun Jan 06, 2019 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: Downsizing to fund early retirement - where's the cutoff?
Replies: 14
Views: 1557

Re: Downsizing to fund early retirement - where's the cutoff?

We downsized to a 2br 1 ba at age 32, and also rent out the other unit in the duplex, perhaps 7k in annual savings. We also make 1 car work for our family, 5K in annual savings. This is more a lifestyle improvement than financial one. 12k additional savings isn't a ton since we are big savers, but e...
by Cycle
Sun Jan 06, 2019 4:04 pm
Forum: Personal Consumer Issues
Topic: Strategies to combat or justify lifestyle creep
Replies: 91
Views: 7130

Re: Strategies to combat or justify lifestyle creep

I might get a Tesla after I hit 4MM, until then I'll ride my bike . JK not going to get a car. Just make sure u maintain a 70% net savings rate and it won't matter what u spend money on. Cycle, I would not get a Tesla period. I bought an electric bike for $1,700. If I want to spend more money, I ei...
by Cycle
Sun Jan 06, 2019 3:16 pm
Forum: Personal Consumer Issues
Topic: Strategies to combat or justify lifestyle creep
Replies: 91
Views: 7130

Re: Strategies to combat or justify lifestyle creep

I might get a Tesla after I hit 4MM, until then I'll ride my bike. JK not going to get a car.

Just make sure u maintain a 70% net savings rate and it won't matter what u spend money on.
by Cycle
Sun Jan 06, 2019 1:53 pm
Forum: Personal Consumer Issues
Topic: How often do you deep clean?
Replies: 52
Views: 2385

Re: How often do you deep clean?

I just live in an autoclave and run it once per day.
by Cycle
Sun Jan 06, 2019 11:54 am
Forum: Personal Consumer Issues
Topic: Small black object found in white of hard-boiled egg
Replies: 15
Views: 1403

Re: Small black object found in white of hard-boiled egg

You've obviously never had balut
by Cycle
Sat Jan 05, 2019 7:59 pm
Forum: Investing - Help with Personal Investments
Topic: I now have a lot more traditional than Roth. Should I shift into Roth 401K ?
Replies: 47
Views: 2105

Re: I now have a lot more traditional than Roth. Should I shift into Roth 401K ?

Weighting bonds in your 401k (and stocks in Roth and taxable) would help slow the growth of the pretax. The relative amount of Roth/pretax is not really relevant. What matters is the sheer size of the 401k. It is only a problem if it is so big that you can't make withdrawals at a low tax rate. This...
by Cycle
Sat Jan 05, 2019 7:56 pm
Forum: Personal Consumer Issues
Topic: United, American Airlines, Delta--about the same?
Replies: 144
Views: 7777

Re: United, American, Delta--about the same?

Years ago, we took a long flight on United with a child under the age of 2. So, we did not need to buy a ticket for him, he rode on our laps if there was no empty seat. When it came time for them to serve lunch, they said "no meal for him, he does not have a seat". Since then, I have tried to avoid...
by Cycle
Sat Jan 05, 2019 7:39 pm
Forum: Personal Consumer Issues
Topic: Carryon for 7-day FL vacation?
Replies: 63
Views: 2599

Re: Carryon for 7-day FL vacation?

My wife and I usually check one bag between us on most trips. We carry on a laptop and maybe some reading material. I don't want TSA going through our clothes and consider the $50 round trip check baggage fee worth it. TSA agents search many bags during their shift and they usually change their glo...
by Cycle
Sat Jan 05, 2019 7:35 pm
Forum: Personal Consumer Issues
Topic: Carryon for 7-day FL vacation?
Replies: 63
Views: 2599

Re: Carryon for 7-day FL vacation?

I carry on my brompton bike and stuff my clothes camera in a messenger bag under the seat in front of me. A bike is much larger than a DSLR and lens... Many of the highly experienced business travelers on BH have evolved to just carrying a very small duffel bag... Thinking roller carry-ons are for c...