Search found 396 matches

by Cycle
Tue May 22, 2018 10:22 pm
Forum: Personal Consumer Issues
Topic: Tesla Autopilot, worth it?
Replies: 26
Views: 1660

Re: Tesla Autopilot, worth it?

Absolutely, consider it an investment in self driving cars. We need data to show the safety of self driving cars so governments can more quickly outlaw humans from driving cars. According to the national safety council, one has a 1/98 chance of dying in a car wreck in their lifetime.
by Cycle
Mon May 21, 2018 5:30 pm
Forum: Personal Consumer Issues
Topic: Time For New Car?
Replies: 34
Views: 2261

Re: Time For New Car?

One can get a similar but reliable version of what you have for like $3500 or less in a private sale, but I'd just get it repaired if I were you. Currently at Networth:Car ratio 178:1, and going for 250+. New car would torch that dream. That or get rid of it. Pay someone to drive you around when you...
by Cycle
Sun May 20, 2018 8:24 pm
Forum: Investing - Help with Personal Investments
Topic: Young Doctor Couple - Starting Work, Starting to Invest
Replies: 31
Views: 2680

Re: Young Doctor Couple - Starting Work, Starting to Invest

Thanks a lot for your input! Yeah I’m realizing that these real estate books are a lot of common sense fluff and maybe 10% hard and a fast guidance. The only problem with my situation is that we will almost definitely be moving in 3-4 years once residency finishes up. We’re headed out of NJ to eith...
by Cycle
Sun May 20, 2018 8:43 am
Forum: Investing - Help with Personal Investments
Topic: Young Doctor Couple - Starting Work, Starting to Invest
Replies: 31
Views: 2680

Re: Young Doctor Couple - Starting Work, Starting to Invest

Thank you so much for your response and the fresh perspective. As it happens, I am 40% of the way through “The Book on Flipping Houses” by BiggerPockets author J. Scott. I’ve also read some Intro to Real Estate Investing articles offered by BiggerPockets and the like. We owner occupy a duplex. I gu...
by Cycle
Sat May 19, 2018 7:15 pm
Forum: Personal Finance (Not Investing)
Topic: Lucrative careers?
Replies: 314
Views: 21414

Re: Lucrative careers?

I say this as a practicing MechE, making close to $200K, I am working on a Data Science certificate so I can start my next career. MechE here. I spent the last 10 years in med device design. Love playing with data in minitab/Matlab. I've considered a career change so I could work on some of the ext...
by Cycle
Sat May 19, 2018 6:45 pm
Forum: Personal Finance (Not Investing)
Topic: Good time to buy a house or wait it out
Replies: 21
Views: 1845

Re: Good time to buy a house or wait it out

I'd just wait and see for a year. Mortgage interest is no longer deductable for most and interest rates will probably rise, which should impact prices, though it doesn't appear to be due to low inventory. There can be a benefit to renting to learn the neighborhoods and ideal location before pulling ...
by Cycle
Fri May 18, 2018 8:48 am
Forum: Personal Finance (Not Investing)
Topic: Surgeon salary vs owning a business salary/profit?
Replies: 47
Views: 3975

Re: Surgeon salary vs owning a business salary/profit?

Why do you want to earn that much annually? Do you think it will make you happy? The money itself won't make you happy. The career may. Do you think it will impress others? It won't, better off spending that time in the gym Do you think it will give you financial security? A super high salary isn't ...
by Cycle
Fri May 18, 2018 7:23 am
Forum: Personal Finance (Not Investing)
Topic: Surgeon salary vs owning a business salary/profit?
Replies: 47
Views: 3975

Re: Surgeon salary vs owning a business salary/profit?

My wife and I entered the work force with STEM undergraduate degrees. I saved prodigiously since starting full time work at 21 and she saved some money in her twenties. We achieved 3% FIRE at 33. Our megacorp jobs in the midwest pay combined ~280k, plus we have ~20k in rental income, plus our 3-fund...
by Cycle
Thu May 17, 2018 6:18 pm
Forum: Investing - Theory, News & General
Topic: Are you including annual increases in contributions in your projections?
Replies: 36
Views: 1561

Re: Are you including annual increases in contributions in your projections?

Like others, I use today's dollars and today's contributions. When wife got a 40% raise this year and became the bread winner, I just adjusted the contributions up from that point forward. I thought, wow we can retire much sooner! Shockingly our projected 2% fire date only changed by like a year (10...
by Cycle
Thu May 17, 2018 5:48 pm
Forum: Personal Consumer Issues
Topic: New motorcycle rider
Replies: 106
Views: 4300

Re: New motorcycle rider

One of the technicians in our lab liked to ride his motorcycle. He lost control of the bike on the highway w/o other cars around. He was in his mid-forties and left behind a wife and three children.
by Cycle
Thu May 17, 2018 4:45 pm
Forum: Investing - Help with Personal Investments
Topic: Friend says "Stock market will crash, invest in silver" - thoughts?
Replies: 127
Views: 7548

Re: Friend says "Stock market will crash, invest in silver" - thoughts?

Just curious, how is gold that different from silver? They're both precious metals, neither produces any real return. Why is gold so much "better" than silver? Silver costs much more as a percentage than gold to both buy and sell. I still have some silver coins I'd love to unload. Worst investment ...
by Cycle
Thu May 17, 2018 7:50 am
Forum: Investing - Theory, News & General
Topic: Why do so many people quote "You will likely be in a lower tax bracket in retirement"
Replies: 417
Views: 20141

Re: Why do so many people quote "You will likely be in a lower tax bracket in retirement"

We are currently on Pace to have our retirement needs funded by the taxable dividends alone.

But both of us could be injured and not be able to work another day, in which case we will have been glad to have funded the 401k with pre-tax dollars.
by Cycle
Wed May 16, 2018 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: Bicycle insurance? when you're in the roadway like a car
Replies: 38
Views: 3095

Re: Bicycle insurance? when you're in the roadway like a car

I disagree. Some drivers and bicycle riders operate far worse than merely obnoxiously . Comparing that to a comment about elderly folks walking inside a supermarket is a non-sequitur and dismissive of hazardous bike behavior. Last month on a street nearby a biker decided to zoom across the street i...
by Cycle
Tue May 15, 2018 7:16 am
Forum: Personal Finance (Not Investing)
Topic: Bicycle insurance? when you're in the roadway like a car
Replies: 38
Views: 3095

Re: Bicycle insurance? when you're in the roadway like a car

It's pretty unlikely you would cause a car crash on the road where you were at fault unless I'm misunderstanding...I have to disagree. I see cyclists routinely using bike lanes then blasting thru red lights, making illegal turns, ignoring stop signs etc doing everything one in a car is not allowed ...
by Cycle
Mon May 14, 2018 7:38 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3026
Views: 932005

Re: What Book Are You Currently Reading? Part VI

Crazy Horse and Custer: The Parallel Lives of Two American Warriors by Stephen E. Ambrose

I learned more about American Indian culture from reading this book than a visit to the new Smithsonian in Washington. I would highly recommend the book if you like history.
by Cycle
Mon May 14, 2018 7:03 pm
Forum: Personal Finance (Not Investing)
Topic: Bicycle insurance? when you're in the roadway like a car
Replies: 38
Views: 3095

Re: Bicycle insurance? when you're in the roadway like a car

It's pretty unlikely you would cause a car crash on the road where you were at fault, but more likely you might accidentally knock another cyclist off their bike and cause them injury or hit a pedestrian on a shared bicycle/ped path. If you buy the bike or pay the bike-share with your credit card, w...
by Cycle
Mon May 14, 2018 6:43 pm
Forum: Personal Consumer Issues
Topic: Is there a boglehead muscle car?
Replies: 138
Views: 7066

Re: Is there a boglehead muscle car?

The bus I ride has a lot of horsepower. Most buses have less horsepower than a top-trim Camry these days. However, they have a boatload of torque. A bus engine might have only 250hp but 800ft/lb of torque. A v6 Camry has 300hp but only 267 ft/lb. Cummins motorcoach ISM 450 is 450hp with 1550 ft/lbs...
by Cycle
Mon May 14, 2018 4:31 pm
Forum: Personal Consumer Issues
Topic: Is there a boglehead muscle car?
Replies: 138
Views: 7066

Re: Is there a boglehead muscle car?

The bus I ride has a lot of horsepower.
by Cycle
Sat May 12, 2018 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on building a timeless mens wardrobe?
Replies: 65
Views: 4688

Re: Advice on building a timeless mens wardrobe?

I'm 34 and I think the biggest plus I've found is first concentrating on keeping a healthy weight/frame. If you're out of shape or obese, it won't matter how much you spend on clothes. A guy in decent shape wearing a $20 Kohl's brand polo will look better than a guy with a beer gut in a $300 tailor...
by Cycle
Sat May 12, 2018 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: Can I Buy A House?
Replies: 34
Views: 2808

Re: Can I Buy A House?

Renting is better than buying a home when you're young and single. Homes have a lot of hidden costs. Don't think of renting as throwing money away. The total cost of renting is less than owning a home usually. There are drawbacks and advantages to both obviously. When you are married with dual inco...
by Cycle
Sat May 12, 2018 5:52 pm
Forum: Personal Finance (Not Investing)
Topic: Can I Buy A House?
Replies: 34
Views: 2808

Re: Can I Buy A House?

@Cycle I would guess my 40 year old self would probably not wanted me to live with my parents for so long, but roommates is just not happening. I want to live alone for a change, I never have. I already have roommates, they're called mom and dad but they do a lot less drugs. I was referring more to...
by Cycle
Sat May 12, 2018 8:18 am
Forum: Personal Consumer Issues
Topic: Picking up New Subaru-Worth buying extended warranty?
Replies: 33
Views: 2051

Re: Picking up New Subaru-Worth buying extended warranty?

Self insure. Something goes wrong, pay for it, no big deal.
by Cycle
Sat May 12, 2018 7:42 am
Forum: Personal Finance (Not Investing)
Topic: Can I Buy A House?
Replies: 34
Views: 2808

Re: Can I Buy A House?

Don't think about what you want but what your 40 year old self wants. Roommates will really help increase your savings in your 20s when it matters most.
by Cycle
Wed May 09, 2018 9:46 pm
Forum: Personal Finance (Not Investing)
Topic: Another Vehicle Question
Replies: 31
Views: 1596

Re: Another Vehicle Question

I still feel guilty for spending $1000 on my winter commuter with a belt drive, I don't think I could recover from spending $80k on anything but VTIAX. Our vehicle to net worth ratio is 1:174, though at your age we should be at 1:335. Our income is similar to yours. The ratio is important in illumin...
by Cycle
Wed May 09, 2018 8:56 pm
Forum: Personal Consumer Issues
Topic: How much car to buy on $250K income, $200K NW, newborn on the way
Replies: 78
Views: 5933

Re: How much car to buy on $250K income, $200K NW, newborn on the way

We have a newborn on the way, but are going to stick with one car. If for some reason we needed a 2nd car, I'd just pick up a 140k mile honda off craigslist for $3-4k. $300k income, $40k annual spending, $1.2M NW, FWIW. I try to keep the ratio of vehicle worth to NW as small as possible, so the olde...
by Cycle
Wed May 09, 2018 8:48 pm
Forum: Personal Consumer Issues
Topic: What's the view on dogs running free?
Replies: 110
Views: 5284

Re: What's the view on dogs running free?

If it's the law, they need to be on a leash.
by Cycle
Wed May 09, 2018 7:39 am
Forum: Investing - Theory, News & General
Topic: Boglehead Documentary
Replies: 4
Views: 844

Re: Boglehead Documentary

Would be interesting from a historical perspective but if done right could also perhaps get people educated a little on personal finance and maybe steer them towards the YouTube videos on the wiki
by Cycle
Tue May 08, 2018 7:16 am
Forum: Investing - Theory, News & General
Topic: Why do so many Americans not own stocks?
Replies: 44
Views: 3517

Re: Why do so many Americans not own stocks?

So their Corolla actually costs them more than your Lexus. And they buy the car anyway. The house next door to us is owned by the city and is low income subsidized housing, which means they pay rent but below market (probably $1000 instead of $1600). They have four cars. At the very least a car wil...
by Cycle
Tue May 08, 2018 6:40 am
Forum: Investing - Theory, News & General
Topic: Why do so many Americans not own stocks?
Replies: 44
Views: 3517

Re: Why do so many Americans not own stocks?

For 15 million American adults they couldn't read and understand you post, so I suppose their functional illiteracy might prevent them from investing.

https://en.m.wikipedia.org/wiki/Functional_illiteracy
by Cycle
Tue May 08, 2018 6:33 am
Forum: Personal Finance (Not Investing)
Topic: Retire Internationally for FIRE
Replies: 78
Views: 8844

Re: Retire Internationally for FIRE

:?: Why go overseas? You can buy a used RV and travel extensively in the US, Canada and Mexico for the same money. US Health insurance would blow the budget 1-4k/year isn't exactly budget busting. Granted things can change radically if Obamacare gets reworked. There are tons of 3-4k places in the U...
by Cycle
Mon May 07, 2018 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: Retire Internationally for FIRE
Replies: 78
Views: 8844

Re: Retire Internationally for FIRE

Rick Ferri wrote:
Sun May 06, 2018 1:43 pm
Why go overseas? You can buy a used RV and travel extensively in the US, Canada and Mexico for the same money.
US Health insurance would blow the budget
by Cycle
Mon May 07, 2018 12:39 pm
Forum: Personal Consumer Issues
Topic: That Frugal Thing You Do
Replies: 554
Views: 131158

Re: That Frugal Thing You Do

I don't stress too much over the small things but I keep an eye on the big things. I live in a small apartment and I don't own a car. Those two decisions completely overwhelm any other smaller spending decisions I might make. Larger houses means more property tax, more maintenance, more capital tie...
by Cycle
Mon May 07, 2018 12:36 pm
Forum: Personal Consumer Issues
Topic: That Frugal Thing You Do
Replies: 554
Views: 131158

Re: That Frugal Thing You Do

Installed two pre-charged mini split AC systems in our air duct free duplex. No more window AC units. Saved $7k doing it myself.
by Cycle
Mon May 07, 2018 7:30 am
Forum: Personal Finance (Not Investing)
Topic: What career for smartest kid in the class?
Replies: 132
Views: 7876

Re: What career for smartest kid in the class?

I retired from Cardiology 13 years ago at age 54. If I were doing it now, I would choose a career other than Medicine. The average med school debt is $195,000, and we have turned physicians into professional students. If you start med school at age 25 and want to be a Cardiology subspecialist, you ...
by Cycle
Mon May 07, 2018 7:00 am
Forum: Personal Finance (Not Investing)
Topic: What career for smartest kid in the class?
Replies: 132
Views: 7876

Re: What career for smartest kid in the class?

The smartest people are the happiest people, and they aren't typically #1 in a class. I consult with cardiologists as an engineer, and by the time a US cardiologist is done with school a device / pharma engineer would have launched several devices that help thousands or millions of patients. There a...
by Cycle
Fri May 04, 2018 8:47 pm
Forum: Personal Consumer Issues
Topic: Bucket List Adventures/Activities
Replies: 110
Views: 7837

Re: Bucket List Adventures/Activities

I enjoy hiking, and would like to hike the Goat Trail in Wrangell St Elias national park. I'd also like to hike to K2 and everest basecamps. I'd also like to spend a couple months climbing in the cordillera blanca, as I've already been a few times and love the area.

And learn esperanto.
by Cycle
Fri May 04, 2018 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: How old is too old for a vehicle, even for a well running one ?
Replies: 83
Views: 4907

Re: How old is too old for a vehicle, even for a well running one ?

There is no stated boglehead policy on vehicles. I'd say the boglehead way is to have other people drive you around, and many others here would agree, but my circumstances are different from someone living in the suburbs. It takes a lot of resources to make a vehicle and buckets full of money every...
by Cycle
Fri May 04, 2018 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: How old is too old for a vehicle, even for a well running one ?
Replies: 83
Views: 4907

Re: How old is too old for a vehicle, even for a well running one ?

There is no stated boglehead policy on vehicles. I'd say the boglehead way is to have other people drive you around, and many others here would agree, but my circumstances are different from someone living in the suburbs. It takes a lot of resources to make a vehicle and buckets full of money every ...
by Cycle
Wed May 02, 2018 11:45 am
Forum: Personal Consumer Issues
Topic: Have you quit eating sugar? Tell me how!
Replies: 129
Views: 10038

Re: Have you quit eating sugar? Tell me how!

What is your 4th metric? It is artificial sweeteners, but I stopped tracking it since I haven't had it in months. So just tracking good oils (no vegetable/soy oil), no sugar / juice (including sweet fruits like bananas), no grains. I'd like to go free of dairy, but first I need to master the other ...
by Cycle
Tue May 01, 2018 9:57 pm
Forum: Personal Consumer Issues
Topic: Have you quit eating sugar? Tell me how!
Replies: 129
Views: 10038

Re: Have you quit eating sugar? Tell me how!

What helped you get over the hump (say, the 3pm craving or that time of the month craving Black coffee, like Dale Cooper (twin peaks). 5 days a week I first eat at 5pm (20hr fast). We don't have any sugar at home, so the closest I can get to cheating is eating a bunch of berries or nuts, which I ob...
by Cycle
Mon Apr 30, 2018 7:47 pm
Forum: Investing - Help with Personal Investments
Topic: $750,000 in Cash at 30
Replies: 14
Views: 4074

Re: $750,000 in Cash at 30

I'm 34, we do 85% stock / 15% bond/cash(including reserve). For equities we target 50% US / 50% International. 900k in invest-able assets, 6 months reserve in our credit union checking (~20k @ 2%)... with rental income, more like 9 months.
by Cycle
Mon Apr 30, 2018 4:28 pm
Forum: Personal Consumer Issues
Topic: How stressful is buying a home?
Replies: 56
Views: 3185

Re: How stressful is buying a home?

After rennovating a foreclosure, I can say turn key would be far less stressful than fixer upper. Problem is, unless you are a seasoned homeowner, it's tough to tell if a house is truly turn key and good home inspectors are difficult to find.
by Cycle
Mon Apr 30, 2018 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Include dividends/interest in savings rate calculation ?
Replies: 26
Views: 1454

Re: Include dividends/interest in savings rate calculation ?

And some not at all. It would be valuable for the spendthrift to have transparency on how low savings affects retirement age, but the stat is of little value to the already super frugal people except perhaps to scratch a curiosity itch.
by Cycle
Mon Apr 30, 2018 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: Include dividends/interest in savings rate calculation ?
Replies: 26
Views: 1454

Re: Include dividends/interest in savings rate calculation ?

I don't include them in mine, just the money that comes from my paycheck and into the taxable account. I then sum up all the other contributions from self and employer (backdoor Roth, 401k, stock purchase plan). I then divide by income pre and post tax. I skew the income higher than the IRS number, ...
by Cycle
Mon Apr 30, 2018 2:12 pm
Forum: Investing - Theory, News & General
Topic: An Article Claiming Vanguard Will Be Responsible For The Next Bear Market
Replies: 29
Views: 4638

Re: An Article Claiming Vanguard Will Be Responsible For The Next Bear Market

I'm counting on American exceptionalism, and I don't think there is anything more promising than a broad index fund heavily weighted towards the US. But I certainly realize that this may not be a great idea, and would love to be able to just make a TIPS ladder and be done with it. Autonomous vehicl...
by Cycle
Sun Apr 29, 2018 9:36 am
Forum: Personal Consumer Issues
Topic: Maple syrup
Replies: 59
Views: 4912

Re: Maple syrup

I purchased maple syrup once from costco. It was cheap, but that was like 5 years ago.
by Cycle
Fri Apr 27, 2018 7:09 am
Forum: Personal Consumer Issues
Topic: Amazon to raise Prime membership in US to $119 from $99
Replies: 145
Views: 10756

Re: Amazon to raise Prime membership in US to $119 from $99

I stopped paying for Prime six years ago, and I don't miss it. I let items accumulate in my shopping basket until I have enough to qualify for free shipping, and then I place my order. Shipping takes a week, but that's fine with me. :beer that will be my strategy since membership term ended yesterday
by Cycle
Fri Apr 27, 2018 7:03 am
Forum: Personal Consumer Issues
Topic: Amazon to raise Prime membership in US to $119 from $99
Replies: 145
Views: 10756

Re: Amazon to raise Prime membership in US to $119 from $99

We cancelled yesterday at the end of our term, unrelated to the price hike, we just don't find it to be a good value since we don't buy much.

For gizmos and doodads, prices are better on eBay or AliExpress anyways, all Amazon does is hold the same stuff in a local wharehouse so u can get it quicker.
by Cycle
Thu Apr 26, 2018 11:50 am
Forum: Personal Consumer Issues
Topic: Nomadic lifestyle in their 50s
Replies: 101
Views: 10354

Re: Nomadic lifestyle in their 50s

emotionally, if we are not going to settle long term in Seattle, my SO does not want the hassle of keeping and renting out the condo. I will probably go along with this - and figure out where we want to rent a small apt as our home base. We went through and cataloged our 'stuff' a couple of weeks a...
by Cycle
Wed Apr 25, 2018 7:41 pm
Forum: Personal Consumer Issues
Topic: Nomadic lifestyle in their 50s
Replies: 101
Views: 10354

Re: Nomadic lifestyle in their 50s

Vagabonding internationally has never been easier. You don't need to speak the language thanks to map based transit apps and airbnb. Airfare is cheap and luxury buses with double wide seats are ubiquitous outside the USA. I've extrapolated a couple trips and figure internationally traveling with fli...