Search found 70 matches

by Cycle
Mon Nov 20, 2017 10:43 am
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey says don't use credit cards, even if you pay them off
Replies: 221
Views: 12990

Re: Dave Ramsey says don't use credit cards, even if you pay them off

playing the credit card point game has allowed free trips to Europe the past few years with many more points not used. Would I spend less without? Possibly, but the points value would outweigh by a mile. My wife and I went to Europe and Africa with sign up bonus points this year. Thanks mainly to t...
by Cycle
Sat Nov 11, 2017 11:49 am
Forum: Personal Consumer Issues
Topic: Do you meditate?
Replies: 107
Views: 6499

Re: Do you meditate?

In my yoga twice a week I find there is not enough time for me to get into a mindful state at the start / end, during the stretching I'm so inflexible that my mind is focused on not injuring myself, so not very effective meditation. I bike for 20 minutes each way to work in which I believe I achieve...
by Cycle
Wed Nov 08, 2017 11:48 pm
Forum: Personal Finance (Not Investing)
Topic: Did you tell anyone you paid off your mortgage?
Replies: 337
Views: 36176

Re: Did you tell anyone you paid off your mortgage?

Biggest mistake of my life. Told friend and he’s been telling me how to live my life since. I wish I said I was broke like everyone else. I made the mistake of mentioning to my coworker, he was saying he can't wait to pay off his house in 7 years so he can retire at 60. I mentioned I paid mine off ...
by Cycle
Wed Nov 08, 2017 8:58 am
Forum: Personal Consumer Issues
Topic: DIY vs work extra and pay a pro
Replies: 37
Views: 2789

Re: DIY vs work extra and pay a pro

Rarely do I regret hiring things out once the job is done. I always do the following calculation afterwards. Take the total hours a professional took to complete the job, then I double it to account for my amateur skills and extra trips to the hardware store. Round up to the nearest multiple of 8, ...
by Cycle
Tue Nov 07, 2017 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: Poll-How much do you have in your HSA?
Replies: 50
Views: 4774

Re: Poll-How much do you have in your HSA?

Work just got it last year, so 3.5 in mine. Wife and i will both max it out as long as we are able going forward. Investment options in the hsa are very limited for us, and high fees (at least by boglehead standards)
by Cycle
Tue Nov 07, 2017 6:32 pm
Forum: Investing - Theory, News & General
Topic: "I took all my money out of the stock market and it feels amazing"
Replies: 69
Views: 8738

Re: "I took all my money out of the stock market and it feels amazing"

I read this as one very long excuse to be a market timer. She says she’ll get back in if the market crashes Agree. While it's possible she'll drop dead in a month, it's also possible advances in gene therapy could eliminate most natural deaths. I'm a long ways from retirement but would be worried b...
by Cycle
Thu Nov 02, 2017 5:10 pm
Forum: Investing - Help with Personal Investments
Topic: New 2 comma member
Replies: 28
Views: 2557

Re: New 2 comma member

:sharebeer Congrats
by Cycle
Wed Nov 01, 2017 6:37 pm
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 301
Views: 20714

Re: To take or not to take delivery of Tesla 3

Let's see, 3 vehicles with 220-250K miles build before year 2000 1 vehicle built 5 years ago with approx 60K miles probably worth between 15-20K Now this is something to be proud of. 3 cars over 200k, simply amazing. Most people would cycle through 8 or 10 cars to the 3 you currently own. This Tesl...
by Cycle
Wed Nov 01, 2017 4:39 pm
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 301
Views: 20714

Re: To take or not to take delivery of Tesla 3

Financially, we can afford the $60K price tag. What percent of your net worth are all your vehicles including this hypothetical purchase? We're at .9% but a Tesla would throw off this metric for us, which is a metric I'm quite proud of. If it's a tiny fraction of your worth, what does it matter...
by Cycle
Tue Oct 31, 2017 11:02 am
Forum: Investing - Help with Personal Investments
Topic: Fastest way to transfer cash from Fidelity to Vanguard
Replies: 10
Views: 1425

Re: Fastest way to transfer cash from Fidelity to Vanguard

I think the fastest way would be to do a wire transfer from Fidelity to Vanguard. This would basically be immediate but there is likely a fee and I am not sure you could automate it if that's what you are looking to do. Agree with DSInvestor that if you have enough in the bank account to float the ...
by Cycle
Tue Oct 31, 2017 8:29 am
Forum: Investing - Help with Personal Investments
Topic: My 401k is almost all cash now. 1/2 Mil
Replies: 89
Views: 8856

Re: My 401k is almost all cash now. 1/2 Mil

I may start DCA into SPY a little bit and hope for a crash in next few years. Are you being affected by the sunk cost effect? Nows as good a time as any to get into the 3 fund portfolio. The sooner the better. Are you in the 2/3rds that underperforms the index or in the 1/3 that beats it? If you're...
by Cycle
Mon Oct 30, 2017 7:34 pm
Forum: Investing - Help with Personal Investments
Topic: My 401k is almost all cash now. 1/2 Mil
Replies: 89
Views: 8856

Re: My 401k is almost all cash now. 1/2 Mil

First time poster here. Have around $530K all in Stable Fund. Age 48. I have seen crashes of 1999 and then 2008. Since 2011 I started selling and now it is all cash. Thinking that I will see one more major crash, buy back all again and retire after next cycle. I play around with ETF GLD, SLV but th...
by Cycle
Mon Oct 30, 2017 5:31 pm
Forum: Investing - Theory, News & General
Topic: Taylor's New Book: The Bogleheads' Guide to The Three-Fund Portfolio
Replies: 91
Views: 12651

Re: Taylor's New Book: The Bogleheads' Guide to The Three-Fund Portfolio

I've been telling people there's only one finance book 99% of people need to read, which is the bogleheads guide to investing, but perhaps I've been mistaken and a 2nd is in order. After reading the first book and watching Rick Van Ness's videos I changed our AA to the 3 fund and love the simplicity...
by Cycle
Sun Oct 29, 2017 9:27 am
Forum: Personal Consumer Issues
Topic: Is it difficult to switch from an iPhone to an Android?
Replies: 97
Views: 7177

Re: Is it difficult to switch from an iPhone to an Android?

Purchasing a Nexus 5x through Google project fi is $280 and it's a top of the line phone (finger print sensor, nice camera, great display). Pixel two is 650. Been using project fi and it's really nice if u travel internationally. I switched to Android after the iPhone 3g. Android is much better imo....
by Cycle
Sat Oct 28, 2017 1:53 pm
Forum: Investing - Help with Personal Investments
Topic: Early-retired 35 year old with $1 million
Replies: 198
Views: 18627

Re: Early-retired 35 year old with $1 million

I'm 34, net worth 1.1M with wife's assets. We're FI by pauper standards, but I'm targeting 45 for early retirement, we should be at 3.5M in taxable/401k in 2017 dollars by then. That early retirement would still have like 20k of rental income, so not truly retired. Pretty safe assuming $80k annual w...
by Cycle
Mon Oct 23, 2017 1:05 pm
Forum: Investing - Help with Personal Investments
Topic: I want to (semi) retire at 42, in 2 years. Can I?
Replies: 28
Views: 3780

Re: I want to (semi) retire at 42, in 2 years. Can I?

My pleasure. I recently modeled a lower salary in the event we move to be closer to family, and am shocked how little impact salary over a few years makes late in the game and how big an impact saving early in my career was. My wife was disappointed she got put on a 6mo wait for her next promotion a...
by Cycle
Sun Oct 22, 2017 7:54 pm
Forum: Investing - Help with Personal Investments
Topic: I want to (semi) retire at 42, in 2 years. Can I?
Replies: 28
Views: 3780

Re: I want to (semi) retire at 42, in 2 years. Can I?

You have $47k in side-hussle income at semi retirement. Assuming you are putting 80k annual savings away and the market produces 4% real return (doubtful), you'll have $4.19m in 2 years. That is roughly $125k SAWR 3.5%. Assuming you pay off your mortgage prior to 42, you'll have $172k to live on per...
by Cycle
Sun Oct 15, 2017 9:26 pm
Forum: Personal Finance (Not Investing)
Topic: You career roots and your path to financial independence. "Actionable: steps and tips for others?
Replies: 56
Views: 5749

Re: You career roots and your path to financial independence. "Actionable: steps and tips for others?

Get a degree or certification. Live below means. Make sure you are compensated above average for field, or make a change. My wife and I are 34 and have $1.1 net worth. We are both engineers. We live in a duplex, rent out the other half. We save $148k per year. Our income is $260k. We take advantage ...
by Cycle
Sun Oct 08, 2017 11:12 am
Forum: Personal Consumer Issues
Topic: Spouse gets blowouts? [Hair care]
Replies: 47
Views: 2391

Re: Spouse gets blowouts?

Actionably: A monthly "fun money" account might be a good idea.... or leave an envelope filled with 100 dollar bills on her dresser every month. We already have a pile of money in a box from the crap we sell on Craigslist, but perhaps I should slip a salon gift certificate in there from time to time.
by Cycle
Sun Oct 08, 2017 11:08 am
Forum: Personal Consumer Issues
Topic: Spouse gets blowouts? [Hair care]
Replies: 47
Views: 2391

Re: Spouse gets blowouts?

Does your wife work? If you are the sole income earner, it seems like she's spending foolishly (especially paying someone to blow dry her hair and $80 shampoos). I use 99 cents Suave and I get compliments on my soft hair all the time. I use make up from the dollar store and people often compliment ...
by Cycle
Sun Oct 08, 2017 11:02 am
Forum: Personal Consumer Issues
Topic: Spouse gets blowouts? [Hair care]
Replies: 47
Views: 2391

Re: Spouse gets blowouts?

OP, <<We bank $148k per year on $260k income, >> If you save enough, you can spend the rest. In your case, it is definitely the case. So, why worry about the tree in the forest? I save 30+% of my gross income. I just spent $1,700 on a folding electric bike. KlangFool We have achieved an extremely h...
by Cycle
Sun Oct 08, 2017 10:34 am
Forum: Personal Consumer Issues
Topic: Spouse gets blowouts? [Hair care]
Replies: 47
Views: 2391

Re: Spouse gets blowouts?

Does your wife work? If you are the sole income earner, it seems like she's spending foolishly (especially paying someone to blow dry her hair and $80 shampoos). I use 99 cents Suave and I get compliments on my soft hair all the time. I use make up from the dollar store and people often compliment ...
by Cycle
Sun Oct 08, 2017 10:31 am
Forum: Personal Consumer Issues
Topic: Spouse gets blowouts? [Hair care]
Replies: 47
Views: 2391

Re: Spouse gets blowouts?

I would suggest you live with it. It is a super small portion of your income and also of what you save. There are a lot of things my wife does that I don't understand, but they don't cost a lot, and they make her happy. If you say something, best case scenario is she is mad, worse case scenario is ...
by Cycle
Sun Oct 08, 2017 10:23 am
Forum: Personal Consumer Issues
Topic: Spouse gets blowouts? [Hair care]
Replies: 47
Views: 2391

Re: Spouse gets blowouts?

ceheaper than equestrian horses :shock: :moneybag Actionably: make a mutual budget or apportion "spending money" separately. A wise person once told me that one should never let your child within reaching distance of a horse, bc they will fall in love and you'll be paying stable fees for the next t...
by Cycle
Sun Oct 08, 2017 10:21 am
Forum: Personal Consumer Issues
Topic: Spouse gets blowouts? [Hair care]
Replies: 47
Views: 2391

Re: Spouse gets blowouts?

You just have to accept it and move on. Between deodorant and razors, I might spend $50/yr on hair/hygiene, my wife generally spends that much per week on her nails. Then there is the eyelashes and clothes or I'll come home one day and her hair is a different color. I simply don't understand, it's ...
by Cycle
Sun Oct 08, 2017 10:01 am
Forum: Personal Consumer Issues
Topic: Spouse gets blowouts? [Hair care]
Replies: 47
Views: 2391

Re: Spouse gets blowouts?

what was your agreement about these things before you got married? None. We just agreed we wanted kids and would have joint finances and a budget. After getting married we did collaborate on creating a financial strategy document, which has out savings rate/insurance strategy/ debt policies (no deb...
by Cycle
Sun Oct 08, 2017 9:55 am
Forum: Personal Consumer Issues
Topic: Spouse gets blowouts? [Hair care]
Replies: 47
Views: 2391

Re: Spouse gets blowouts?

Pajamas wrote:
Sun Oct 08, 2017 9:25 am

It sounds like a certificate for a day at the spa would make a thoughtful gift for her for a special occasion or even for no reason at all.
Excellent idea, perhaps I'll get one for her and a friend. This would really make her happy since she seems to really enjoy getting the pedi
by Cycle
Sun Oct 08, 2017 9:49 am
Forum: Personal Consumer Issues
Topic: Spouse gets blowouts? [Hair care]
Replies: 47
Views: 2391

Re: Spouse gets blowouts?

If it's affordable, forget it. Do you spend that much on something non-essential that interests you? (I thought you were going to ask about tire trouble...) We bank $148k per year on $260k income, it is very affordable. I need to forget it, or better yet follow advice of other posters, compliment /...
by Cycle
Sun Oct 08, 2017 9:12 am
Forum: Personal Consumer Issues
Topic: Spouse gets blowouts? [Hair care]
Replies: 47
Views: 2391

Spouse gets blowouts? [Hair care]

My spouse gets blowouts, which I'm probably oversimplifying but it is paying someone to dry your hair. $80 bottles of shampoo. Mani/peti spouse, pawdi for the dog. These are all things that provide value and enjoyment to my spouse. The total cosmetic maintenance cost is likely under $2k per year, de...
by Cycle
Sun Oct 08, 2017 7:51 am
Forum: Personal Consumer Issues
Topic: Too much house? (nervous 1st time buyer)
Replies: 57
Views: 4252

Re: Too much house? (nervous 1st time buyer)

Have you considered a duplex? Depending on where you are in the country, you may find something affordable that gives you a yard and basically covers your mortgage by renting out the other unit. I would not be in a rush to buy a house in the current market unless you are planning on living in the a...
by Cycle
Sat Oct 07, 2017 7:35 pm
Forum: Personal Consumer Issues
Topic: Tips on Uber
Replies: 77
Views: 7292

Re: Tips on Uber

A low rating on Uber is probably from soiling their car or being rude. Tips should be reserved for extraordinary service. If everyone tipped every ride, Uber would lower their fares (and drivers cut).
by Cycle
Fri Oct 06, 2017 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area Real Estate
Replies: 154
Views: 14962

Re: Bay Area Real Estate

Yes, millionaire next door metric. It's extremely flawed for people who invest a lot of money in their personal skill capital, like doctors, but it's a useful for the vast majority of people as a validator of prodigous accumulators of wealth or spendthrift Calvinists It's flawed because it uses "in...
by Cycle
Thu Oct 05, 2017 10:40 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area Real Estate
Replies: 154
Views: 14962

Re: Bay Area Real Estate

Yes, millionaire next door metric. It's extremely flawed for people who invest a lot of money in their personal skill capital, like doctors, but it's a useful for the vast majority of people as a validator of prodigous accumulators of wealth or spendthrift Calvinists
by Cycle
Wed Oct 04, 2017 8:13 pm
Forum: Investing - Help with Personal Investments
Topic: 2M savings investment help
Replies: 45
Views: 8351

Re: 2M savings investment help

Thanks for the detailed info. The 401k and private stock make it a bit tricky to keep fees down and take those into account for AA. I sell my stock grants as soon as I am able. I buy company stock at a discount and sell that once or twice a year after it goes long-term capital gains, to minimize fee...
by Cycle
Tue Oct 03, 2017 3:16 am
Forum: Investing - Help with Personal Investments
Topic: 30,000 in Checking Account
Replies: 136
Views: 21892

Re: 30,000 in Checking Account

Baxter credit union has power plus checking, which gives me 2% on up to 20k. Atm fees get subtracted from that 2%, if u use a fee atm. We just max that out and put everything extra in the taxable. 20k is > 6mo of spending for us since we have no debt and rent out the other half of our duplex. I can'...
by Cycle
Mon Oct 02, 2017 5:58 am
Forum: Personal Finance (Not Investing)
Topic: Two Comma Club
Replies: 17
Views: 4406

Re: Two Comma Club

Our household income is about 300K now, and 4 years ago it was about 180K. Thanks for this post. Books like millionaire next door can make one think owning a business is the only way to get your finances squared away. Reality is someone who is willing to seek out an above average salary using their...
by Cycle
Tue Sep 26, 2017 4:51 pm
Forum: Personal Consumer Issues
Topic: The Rolex and The Boglehead
Replies: 274
Views: 11779

Re: The Rolex and The Boglehead

I own a nice watch. It also monitors my fitness and heart rate. Love my Fitbit. :D I've owned many gps/hr monitor/step counting/abc mountaineering watches over the years. Fun to use them for a couple months, but the novelty quickly wears off, IMO. The one watch I wear today is a Timex Ironman watch...
by Cycle
Tue Sep 26, 2017 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area Real Estate
Replies: 154
Views: 14962

Re: Bay Area Real Estate

I feel like current Bay Area housing prices require 2 well educated professionals both work and contribute to the mortgage. It's harder to get ahead, but it can be done. 2 people in tech, 2 in medicine etc. However, I'm not sure that the current growth trends can continue. The past growth in housin...
by Cycle
Tue Sep 26, 2017 10:04 am
Forum: Personal Finance (Not Investing)
Topic: Bay Area Real Estate
Replies: 154
Views: 14962

Re: Bay Area Real Estate

Rent until you can buy with cash, then decide what you want to do In the bay area that pretty much means renting forever. You are paying the equivalent of a very expensive mortgage anywhere else in the country for *rent*. Hoping in the meanwhile to amass 1M+ in cash to buy a house. Good luck with t...
by Cycle
Mon Sep 25, 2017 11:21 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area Real Estate
Replies: 154
Views: 14962

Re: Bay Area Real Estate

Rent until you can buy with cash, then decide what you want to do
by Cycle
Mon Sep 25, 2017 10:52 pm
Forum: Personal Finance (Not Investing)
Topic: Coworker asked me about a adviser
Replies: 24
Views: 3396

Re: Coworker asked me about a adviser

I sometimes get asked for advice, or someone will mention something about market timing which makes me cringe. I usually email these people the link to the boglehead video page rather than tell them they should manage their own 3 fund portfolio or avoid an advisor. I also recommend the boglehead inv...
by Cycle
Fri Sep 22, 2017 12:41 pm
Forum: Investing - Help with Personal Investments
Topic: I won the Lottery. Need sound advice.
Replies: 220
Views: 25043

Re: I won the Lottery. Need sound advice.

Fair enough. You automatically think of doubling up your efforts at your W-2 job to earn the extra $3K of income. I suppose that would be your only choice if you are heavily invested in mutual funds. I used real estate to create an extra $4K of income I needed for FI, and I've only been investing i...
by Cycle
Thu Sep 21, 2017 9:56 pm
Forum: Investing - Help with Personal Investments
Topic: I won the Lottery. Need sound advice.
Replies: 220
Views: 25043

Re: I won the Lottery. Need sound advice.

And biking to work only works if you live in a place that is >30°F year round, among other things. The average high for Dec, Jan, and Feb in Minneapolis is below 30F, and the morning bike is usually around 10F, on a balmy day. There are many bikers throughout the winter, afterall MPLS has 5% of com...
by Cycle
Thu Sep 21, 2017 8:25 pm
Forum: Investing - Help with Personal Investments
Topic: I won the Lottery. Need sound advice.
Replies: 220
Views: 25043

Re: I won the Lottery. Need sound advice.

The amount of self-righteous individuals on this thread is staggering. I read that book, nice read. But the stingy, live like a pauper mindset on MMM is not for everyone. It is damaging in my opinion. Soo much save this and that, don't travel, it's too expensive, don't drive a lot, don't eat out is...
by Cycle
Thu Sep 21, 2017 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: 30yr Mortgage Refi Rates
Replies: 16
Views: 2576

Re: 30yr Mortgage Refi Rates

Do the math on just making additional cost payments on your current mortgage. I once refinanced from a 15 to a 10, but any savings were eaten by closing costs and then we sold the place. The right decision in that scenario would have been to just pay a couple hundred extra into the 15yr per month.
by Cycle
Thu Sep 21, 2017 12:01 pm
Forum: Investing - Help with Personal Investments
Topic: I won the Lottery. Need sound advice.
Replies: 220
Views: 25043

Re: I won the Lottery. Need sound advice.

I immediately began researching what to do. OP, watch the bogle head videos from the homepage. They're great. Then read the bogelheads investing book, after which you can let your financial advisor collect fees elsewhere. Since your savings rate must have been atrocious, read Dave Ramsey "Total Mon...
by Cycle
Wed Sep 20, 2017 7:38 am
Forum: Personal Consumer Issues
Topic: Costco vs sams club vs neither.
Replies: 77
Views: 4806

Re: Costco vs sams club vs neither.

I dropped our Costco membership. It was more expensive than Aldi. The time wasted going in and out of Costco was more than I could bear. One typically needs to drive several miles to one, which is wasteful of your time, money, and has a negative environmental impact.
by Cycle
Tue Sep 19, 2017 9:48 pm
Forum: Personal Finance (Not Investing)
Topic: Worth buying an excessive priced house?
Replies: 43
Views: 4169

Re: Worth buying an excessive priced house?

Mortgage would be about 3x with plenty in portfolio to easily cover if "disaster" strikes. I'd suggest just buying your next house with cash. Our values get thrown out of whack when we use debt to finance a residence. Also, I've been working 12 years and have 22x annual expenditures in savings and ...
by Cycle
Thu Sep 14, 2017 7:42 am
Forum: Personal Consumer Issues
Topic: Is it really Worth it to brown bag your lunch at work?
Replies: 313
Views: 19284

Re: Is it really Worth it to brown bag your lunch at work?

I just water fast until 6pm on weekdays. total cost $0. Prior to this radical lifestyle, i just grabbed a tin of sardines and an avocado before heading out the door in the morning, which is $2-3 worth of food. I think its worth it because you can waste a lot of time walking to a cafeteria, waiting f...
by Cycle
Wed Sep 06, 2017 1:27 pm
Forum: Personal Consumer Issues
Topic: Contemplating an Electric Car
Replies: 147
Views: 9472

Re: Contemplating an Electric Car

Use an electric bike. Save space. Park darn near anywhere. Get a bit of exercise to boot. And the environmental impact of building the bike and recycling the batteries is far less than a car. For small trips use a Segway by Ninebot and take it on the bus with you. I have an 18 mile commute, and so ...