Search found 466 matches

by Cycle
Sun Jun 24, 2018 8:22 am
Forum: Investing - Help with Personal Investments
Topic: Is this all investing is?
Replies: 34
Views: 2649

Re: Is this all investing is?

Stay the course, only thing I would change is to credit card / bonus churn for rewards. You can then fly with points. I did most of my traveling in my 20s in central and South America. It's cheaper than a vacation in the US. Cars are a collossal waste of money when you are in the accumulation phase,...
by Cycle
Fri Jun 22, 2018 9:27 pm
Forum: Personal Finance (Not Investing)
Topic: What is/ was your career and would you recommend it now?
Replies: 153
Views: 10065

Re: What is/ was your career and would you recommend it now?

Biomedical engineer. Mechanical focus. Started working at 22 in R&D and am 12 years into my career. I would recommend it and would do it again. As an individual contributor, I get to lead a small team of designers and also do a lot of designing / testing / modeling myself. Get to impant my devices i...
by Cycle
Fri Jun 22, 2018 7:17 am
Forum: Personal Consumer Issues
Topic: Most vs. Least satisfying home impovements
Replies: 35
Views: 3227

Re: Most vs. Least satisfying home impovements

I gut rehabbed a duplex and put in two new kitchens/baths. The most satisfying is anything I hired out. Least satisfying anything I diy'd The single most satisfying was hiring a carpenter to replace the rotting trim on the exterior then hire a painter to paint the trim. The reason why was I was conc...
by Cycle
Fri Jun 22, 2018 7:06 am
Forum: Personal Consumer Issues
Topic: Did you celebrate when you finally hit $1m?
Replies: 103
Views: 7228

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

No, it was like all financial milesstones, they come and pass without much fanfare. I told DW, she did not care, rightly so. There's nothing to celebrate, it's just money. I still have many milesstones left: 1MM in taxable. 1MM investible assets in millionaire next door dollars (1996 dollars). 1MM i...
by Cycle
Thu Jun 21, 2018 7:10 am
Forum: Personal Finance (Not Investing)
Topic: Is the first 100k really the hardest?
Replies: 144
Views: 39546

Re: Is the first 100k really the hardest?

The first 100k came pretty quickly once I started working with a 401k. But I'm finding that first $1 million to be pretty friggin hard to get to. I'm not even a third of the way there, so it feels like an unreachable goal. :-( I'm constantly tempted to just blow my money on that luxury car I've alw...
by Cycle
Wed Jun 20, 2018 5:53 pm
Forum: Personal Consumer Issues
Topic: What will (or would) you tip when wages go up?
Replies: 53
Views: 3267

Re: What will (or would) you tip when wages go up?

To the robot that the restaurant owner purchased, 0. To the server, I don't know... Would it be like Europe?
by Cycle
Wed Jun 20, 2018 7:14 am
Forum: Investing - Theory, News & General
Topic: Oh my! Cardone says we need $10m net worth
Replies: 104
Views: 13390

Re: Oh my! Cardone says we need $10m net worth

The only ways you get to $10 million are mainly You have really high salary (MD or Csuite executive, Investment banker etc) You own a successful business You do a lot of real estate investing and go about it fairly aggressively. Got lucky and cashed in on stock options of rapidly growing company Yo...
by Cycle
Tue Jun 19, 2018 7:44 pm
Forum: Investing - Help with Personal Investments
Topic: Am I on track to retire at 55?
Replies: 24
Views: 2521

Re: Am I on track to retire at 55?

jnk715 wrote:
Tue Jun 19, 2018 10:24 am
Monthly expenses: 1,800 dollars.
Wow, that is really low. How much is your rent or mortgage? Do you own a car, if so how much did it cost and how many miles do you drive/yr?

How much do you expect to pay for healthcare when you retire?
by Cycle
Mon Jun 18, 2018 6:18 pm
Forum: Personal Consumer Issues
Topic: How much car to buy reasonably?
Replies: 86
Views: 4833

Re: How much car to buy reasonably?

50k, wouldn't do more
by Cycle
Mon Jun 18, 2018 5:36 pm
Forum: Personal Consumer Issues
Topic: Rowing machine motivation
Replies: 82
Views: 5099

Re: Rowing machine motivation

I gave a lot of bad advice on this thread. I think I may have been training wrong for endurance events the last 20 years. If you're training your aerobic system for endurance sports, like lasting on the concept 2 for 45 minutes, train your aerobic system. Listen to this: http://trailrunnernation.com...
by Cycle
Mon Jun 18, 2018 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: Do you cancel old credit cards?
Replies: 47
Views: 4170

Re: Do you cancel old credit cards?

We still churn, mainly airline cards and 1 at a time since we spend less. Still locked out by 5x24. We kept chase Sapphire reserve, nice perks.

I cancel the cards as soon as I get the miles (if airline) or after I use the miles.
by Cycle
Sun Jun 17, 2018 8:06 pm
Forum: Personal Consumer Issues
Topic: African Safari: Worth it or Hype?
Replies: 57
Views: 4456

Re: African Safari: Worth it or Hype?

I was in South Africa with some friends for an Ironman, so we went through Kruger national park as a side trip. It was pretty neat, but it is a lot of sitting in a car. We did 4 days in the park, with AC lodging and all safaris and walking trips it was probably $1200 for two people, but this was at ...
by Cycle
Sun Jun 17, 2018 12:42 pm
Forum: Personal Consumer Issues
Topic: Standard buyer's remorse or poorly timed enlightenment?
Replies: 40
Views: 3481

Re: Standard buyer's remorse or poorly timed enlightenment?

I suffer from buyers remorse constantly. We moved from a congested neighborhood to a quieter neighborhood to owner occupy a duplex, and all I want to do is move back into our old condo! Back then I was a cager and traffic was bad in that hip neighborhood, now we are an enlightened 1 car family and m...
by Cycle
Fri Jun 15, 2018 7:47 am
Forum: Personal Consumer Issues
Topic: Cheap, fuel efficient 2nd car commuting?
Replies: 17
Views: 1415

Re: Cheap, fuel efficient 2nd car commuting?

I have many co-workers who drive accords/civics and have $40k hunting accessories (trucks). I recently sold a well maintained Accord for $3k with 160k miles on it. So if you were set on getting another vehicle I'd get an 06 Accord in a private sale. My recommendation though is to stick with one vehi...
by Cycle
Thu Jun 14, 2018 7:51 pm
Forum: Personal Consumer Issues
Topic: Rowing machine motivation
Replies: 82
Views: 5099

Re: Rowing machine motivation

I put in a goal of a 3 hour marathon for a 11:20 2 mile pace on my first try and look how close it is. It was just pure luck. It's possible "at a time" doesn't mean just once a day. Sprinters "only" run 100m at a time while training, but do many such reps. If he's doing 5 or 10 reps of <2 miles, th...
by Cycle
Thu Jun 14, 2018 7:11 pm
Forum: Personal Consumer Issues
Topic: Rowing machine motivation
Replies: 82
Views: 5099

Re: Rowing machine motivation

I'm going to give you the benefit of the doubt and assume you're telling the truth, which means you're probably one of the most gifted endurance amateurs out there. I guarantee that if you took 100 random people, including current triathletes and endurance athletes, limited their bike and run train...
by Cycle
Thu Jun 14, 2018 7:40 am
Forum: Personal Consumer Issues
Topic: Rowing machine motivation
Replies: 82
Views: 5099

Re: Rowing machine motivation

On interval workouts listen to this podcast from Dr Gibala on Tim Ferriss. I'm a big proponent of interval workouts. Work on speed and the endurance will follow.

https://www.google.com/amp/s/tim.blog/2 ... ibala/amp/
by Cycle
Thu Jun 14, 2018 7:36 am
Forum: Personal Consumer Issues
Topic: Rowing machine motivation
Replies: 82
Views: 5099

Re: Rowing machine motivation

I use the loop app to track my exercise daily. Categories I add are strength (lifting/yard work/shoveling), cardio(swim, run, ski, row), stretch (yoga). I exercise daily, but don't spend a lot of time doing it. Also use it to track diet. 3 categories. No grains, no sugar/juice, no Vegetable oil. I ...
by Cycle
Wed Jun 13, 2018 9:33 pm
Forum: Personal Consumer Issues
Topic: Trade-up my $89 Walmart bike
Replies: 44
Views: 2570

Re: Trade-up my $89 Walmart bike

I'd recommend picking up a specialized sirrus carbon sport. They can be had in eBay for $900, less thru Craigslist.... But wait till I buy mine, I don't want you driving up the price. Currently my winter / city bike is a priority continuum onyx bike with belt drive and nuvinchi cvt hub ($950). My su...
by Cycle
Wed Jun 13, 2018 9:23 pm
Forum: Personal Consumer Issues
Topic: Rowing machine motivation
Replies: 82
Views: 5099

Re: Rowing machine motivation

Impressive. Would love to see your workout calendar. What's your week look like? High intensity every day but just rotate activities? 8 x 400s? 8 hill repeats? What's the secret? Weights (for running really just squats are needed) 2x per week. I do the stronglifts 5x5 workout. The app is awesome. I...
by Cycle
Wed Jun 13, 2018 4:33 pm
Forum: Personal Consumer Issues
Topic: Rowing machine motivation
Replies: 82
Views: 5099

Re: Rowing machine motivation

I use the loop app to track my exercise daily. Categories I add are strength (lifting/yard work/shoveling), cardio(swim, run, ski, row), stretch (yoga). I exercise daily, but don't spend a lot of time doing it. Also use it to track diet. 3 categories. No grains, no sugar/juice, no Vegetable oil. I e...
by Cycle
Wed Jun 13, 2018 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Forbes: Millennials Aren't Having Kids Heres Why That's a Problem for Baby Boomer Real Estate and Retirement
Replies: 74
Views: 7021

Re: Forbes: Millennials Aren't Having Kids Heres Why That's a Problem for Baby Boomer Real Estate and Retirement

It's worth mentioning that Millennials are projected to inherit something like $30 trillion dollars in assets from aging Boomers. I wonder if that might change some of their plans for housing, kids, and so on? Not likely. We'd need the expiration date for the knowledge of an inheritance to be usefu...
by Cycle
Wed Jun 13, 2018 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Forbes: Millennials Aren't Having Kids Heres Why That's a Problem for Baby Boomer Real Estate and Retirement
Replies: 74
Views: 7021

Re: Forbes: Millennials Aren't Having Kids Heres Why That's a Problem for Baby Boomer Real Estate and Retirement

Preferences in housing change. Perhaps suburbs aren't as popular anymore, but they could have a revival. Once augmented reality becomes mainstream and we can be rendered in high def, there will be no point for many people to go into the office, so long commute times won't be a barrier to sprawl any...
by Cycle
Wed Jun 13, 2018 10:57 am
Forum: Personal Finance (Not Investing)
Topic: Forbes: Millennials Aren't Having Kids Heres Why That's a Problem for Baby Boomer Real Estate and Retirement
Replies: 74
Views: 7021

Re: Forbes: https://www.forbes.com/sites/josephcoughlin/2018/06/11/millennials-arent-having-kids-heres-why-thats-a-probl

I live in Chicago. The real estate taxes in surrounding suburbs are over the cost of my rent in the city. RE prices are higher in the city but taxes are *slightly* lower. All in all, it doesn't make sense to live in the burbs as an empty nester even if you have no mortgage. I know the 'estate' hous...
by Cycle
Wed Jun 13, 2018 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Forbes: Millennials Aren't Having Kids Heres Why That's a Problem for Baby Boomer Real Estate and Retirement
Replies: 74
Views: 7021

Re: Forbes: Millennials Aren't Having Kids Heres Why That's a Problem for Baby Boomer Real Estate and Retirement

My wife and I are millennials, having our first child when my wife is 36 this January. We choose to live in a blue collar neighborhood in the city to keep costs low and we like a bikeable/walkable neighborhood, the benefits of which are too many to list here. The idea of driving 4000lbs of material ...
by Cycle
Wed Jun 13, 2018 7:46 am
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 456
Views: 100766

Re: Anyone regret paying off mortgage early?

I generally just look at the overall housing cost, but I factor in an assumed cost of 5% real gains lost on equity tied up in a house. For me, at 4% rates it's slighty better to have a mortgage. I profit $2k due to living in a duplex, but with those "lost gains" the cost is more like $15k/yr. With a...
by Cycle
Tue Jun 12, 2018 5:23 pm
Forum: Personal Consumer Issues
Topic: Anyone with a paid off house drop homeowners insurance
Replies: 79
Views: 5712

Re: Anyone with a paid off house drop homeowners insurance

My unit is worth 13% of my net worth, when I retire in 10 years it should be worth 4.5%. I dislike insurance, but this is one thing I won't drop. Home insurance is pretty cheap.

If you want to save insurance money, drop the car insurance and just hire rides as needed.
by Cycle
Tue Jun 12, 2018 11:54 am
Forum: Investing - Help with Personal Investments
Topic: Should I contribute to this ESPP?
Replies: 21
Views: 1263

Re: Should I contribute to this ESPP?

I have a similar plan. I buy like 10% of salary at a 15% discount. I have to hold the shares for 1 year. I then sell them as long term cap gains, whether they are up or down (no timing). There's a good chance I've been doing my taxes wrong the last ten years, but I'm doing the best I can with the l...
by Cycle
Tue Jun 12, 2018 7:44 am
Forum: Investing - Help with Personal Investments
Topic: Should I contribute to this ESPP?
Replies: 21
Views: 1263

Re: Should I contribute to this ESPP?

I have a similar plan. I buy like 10% of salary at a 15% discount. I have to hold the shares for 1 year. I then sell them as long term cap gains, whether they are up or down (no timing). There's a good chance I've been doing my taxes wrong the last ten years, but I'm doing the best I can with the li...
by Cycle
Tue Jun 12, 2018 7:31 am
Forum: Investing - Theory, News & General
Topic: Interesting video from Ramsey today [How Ramsey Outperforms The Stock Market]
Replies: 127
Views: 9849

Re: Interesting video from Ramsey today [How Ramsey Outperforms The Stock Market]

DR is good for paying down high interest debt and achieving a high savings rate. This is very important for about 90% of the population.

When it comes to getting good returns I think I'll just read this new book by Taylor on the 3-fund that is coming out.
by Cycle
Mon Jun 11, 2018 8:03 pm
Forum: Investing - Help with Personal Investments
Topic: Who uses the 3 fund portfolio ?
Replies: 75
Views: 9531

Re: Who uses the 3 fund portfolio ?

I am. DW has Target fund in her 401k due to lack of good us market fund. I'd prefer just 1 fund (Target), but the fees are higher than I'd like. Target fund is .14, but we are sitting at .08 on average by doing a little manual balancing. Perhaps my cheapness is showing here. One of my favorite pasti...
by Cycle
Mon Jun 11, 2018 9:40 am
Forum: Investing - Help with Personal Investments
Topic: 35 and Need Help With Building Wealth
Replies: 55
Views: 6608

Re: 35 and Need Help With Building Wealth

I'd recommend going to a local landlord class or meetup. It can be helpful to have a seasoned investor look through your cash flow calculation and assumptions. I did this and a couple of the interesting things were, 1) they cost in property management 2) they put 20% down 3) they need the property t...
by Cycle
Mon Jun 11, 2018 7:17 am
Forum: Investing - Help with Personal Investments
Topic: 35 and Need Help With Building Wealth
Replies: 55
Views: 6608

Re: 35 and Need Help With Building Wealth

Are we going to continue with this Dave Ramsey limited thinking? Life is about enjoyment, and doing what you want. Not restricting things. I have already explained that is MUCH easier to earn X amount than it is to deprive yourself of X amount. There is a reason why 90%+ of those who listen to and ...
by Cycle
Sun Jun 10, 2018 10:29 pm
Forum: Investing - Help with Personal Investments
Topic: 35 and Need Help With Building Wealth
Replies: 55
Views: 6608

Re: 35 and Need Help With Building Wealth

Why would u consider selling the car? Bc they are expensive to operate and that money tied up in the deprecating asset could be making gains in the 3 fund. You have the potential to hammer on the savings and very quickly build your NW. Saving is a bird in the hand, now. Building your skills to earn...
by Cycle
Sun Jun 10, 2018 8:54 pm
Forum: Investing - Help with Personal Investments
Topic: 35 and Need Help With Building Wealth
Replies: 55
Views: 6608

Re: 35 and Need Help With Building Wealth

You have a lot of optional expenses, which we don't have and we achieved FI at 33. I'd recommend cutting out the non essentials. Prime, cable, car, etc. use the library, perhaps there is a 4-plex that cashflows as a rental (non-airbnb) near a library in vegas. I'm assuming you didn't even bother to...
by Cycle
Sun Jun 10, 2018 11:46 am
Forum: Investing - Help with Personal Investments
Topic: 35 and Need Help With Building Wealth
Replies: 55
Views: 6608

Re: 35 and Need Help With Building Wealth

You have a lot of optional expenses, which we don't have and we achieved FI at 33. I'd recommend cutting out the non essentials. Prime, cable, car, etc. use the library, perhaps there is a 4-plex that cashflows as a rental (non-airbnb) near a library in vegas.
by Cycle
Mon Jun 04, 2018 9:41 am
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 433
Views: 50633

Re: How much money do you need to retire?

The big things I did right were to use free educational opportunities to increase salary, pay off the mortgage in 15 years and never take cash out of house equity. Sorry, guys, those days are gone for today's wannabe retirees. Seems like everything that advances a person now first sets you back way...
by Cycle
Mon Jun 04, 2018 9:18 am
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 433
Views: 50633

Re: How much money do you want to retire?

34. Need 1.25MM (already have that). Target 4MM in todays dollars. This for a family of 3-4. I plan to get a 2nd bathroom at that time as a reward.
by Cycle
Mon Jun 04, 2018 8:51 am
Forum: Investing - Help with Personal Investments
Topic: Is it fine to have 100% of portfolio in VTSAX
Replies: 33
Views: 3124

Re: Is it fine to have 100% of portfolio in VTSAX

I balance my own funds to get a lower expense ratio. I had better than 10% average annual returns on my 401k from 2005 to now. But I think I would have been a few percent higher if I did Target funds the whole time since there was a year where I had some portion of my funds sitting in cash (market t...
by Cycle
Sun Jun 03, 2018 9:02 pm
Forum: Investing - Help with Personal Investments
Topic: Should I put some money aside in money market for market correction
Replies: 94
Views: 6697

Re: Should I put some money aside in money market for market correction

Just regularly rebalance to specified AA and buy weekly. Market timing is a fools errand.
by Cycle
Sun Jun 03, 2018 8:13 pm
Forum: Investing - Help with Personal Investments
Topic: What are you doing with cash?
Replies: 82
Views: 9739

Re: What are you doing with cash?

Powerplus checking 2% from BCU credit union, up to 25k. If one has atm fees, they get subtracted from your 2% with this deal, but we rarely do bc there are a lot of free atms.
by Cycle
Sat Jun 02, 2018 7:58 pm
Forum: Investing - Help with Personal Investments
Topic: Thanks Bogleheads - Mega Backdoor Roth FTW
Replies: 25
Views: 2338

Re: Thanks Bogleheads - Mega Backdoor Roth FTW

Is the next step to look at my employers plan and see if I am allowed? Yes. Great thing to do if you can, but not all plans include it. And the important thing is whether your employer's plan allows it. Which custodian they use is NOT the controlling factor. Just looking at the plan documents, ther...
by Cycle
Sat Jun 02, 2018 1:20 pm
Forum: Investing - Help with Personal Investments
Topic: Thanks Bogleheads - Mega Backdoor Roth FTW
Replies: 25
Views: 2338

Re: Thanks Bogleheads - Mega Backdoor Roth FTW

I missed out of Roth contributions for two years bc we didn't know about the backdoor. Been doing backdoor for two years now. We haven't done the megabackdoor yet. It seams more complicated than the standard backdoor. We put 100k in VTIAX at a brokerage every year after maxing BD Roth/HSA/401ks. Sho...
by Cycle
Sat Jun 02, 2018 11:32 am
Forum: Investing - Help with Personal Investments
Topic: If I began investing at 22 by maxing my 401K, how much would I have today?
Replies: 17
Views: 2024

Re: If I began investing at 22 by maxing my 401K, how much would I have today?

I started maxing when I was 24, was contributing when I was 22.

I've got 470k in my 401k at age 34. I have 70k in my Roth. 40k in brokerage. $190k in home equity. No debt or mortgage.

I don't have a super high salary, but save a lot.
by Cycle
Sat Jun 02, 2018 11:26 am
Forum: Personal Finance (Not Investing)
Topic: 125K Spend - Would you do this ?
Replies: 53
Views: 4995

Re: 125K Spend - Would you do this ?

When touring rental properties to buy, I've seen how many people don't have beds, they just sleep on a comforter on the floor and sit on 5 gallon buckets. There's a guy in my local minimalist Meetup that just sleeps on a mattress on the floor, as where he is from that is typical and he doesn't see t...
by Cycle
Sat Jun 02, 2018 9:39 am
Forum: Personal Consumer Issues
Topic: 36" or 42" wide Refrigerator?
Replies: 33
Views: 2794

Re: 36" or 42" wide Refrigerator?

In Europe Ikea's fridges have panels that match surrounding cabinets. Not in the US yet. So built in look will soon be more standard on small fridges, ie not just fancy Sub zero 42" fridges. Manufacturers are always changing things so what we have today looks outdated. Most don't realize this until ...
by Cycle
Sat Jun 02, 2018 7:57 am
Forum: Personal Finance (Not Investing)
Topic: Milestones on the way to FI [Financial Independence]
Replies: 28
Views: 3105

Re: Milestones on the way to FI

youngpleb wrote:
Fri Jun 01, 2018 3:07 pm
My current targeted FI milestone is getting my total portfolio to $100,000 because, as Charlie Munger says, "The first 100k is a b*tch."

:sharebeer
Yep, slow going. Then 10 years later, there will occasionally be months where the balance swings up or down 100k
by Cycle
Sat Jun 02, 2018 7:44 am
Forum: Personal Finance (Not Investing)
Topic: Just bought condo; crazy to take out HELOC to buy a parking spot?
Replies: 28
Views: 2789

Re: Just bought condo; crazy to take out HELOC to buy a parking spot?

I'd get the parking spot. Even if I didn't have a car. My brother and his DH are in that situation and they just rent out the spot. We do own a car, and get significant consumption value out of having the spot rented currently! But I agree, if we were to ever get rid of the car, it'd take no effort...
by Cycle
Fri Jun 01, 2018 9:23 pm
Forum: Personal Finance (Not Investing)
Topic: Just bought condo; crazy to take out HELOC to buy a parking spot?
Replies: 28
Views: 2789

Re: Just bought condo; crazy to take out HELOC to buy a parking spot?

I'd get the parking spot. Even if I didn't have a car. My brother and his DH are in that situation and they just rent out the spot.
by Cycle
Fri Jun 01, 2018 7:18 pm
Forum: Personal Consumer Issues
Topic: Travel advice for an engineer
Replies: 65
Views: 4270

Re: Travel advice for an engineer

I was impressed the Mayan structures in Peru last year when I was trekking the Inca Trail. Especially the Machu Picchu is very impressive. I thought this Incan crop lab at Moray was pretty cool. They experimented with different crop varieties there. https://en.m.wikipedia.org/wiki/Moray_(Inca_ruin)...