Search found 63 matches

by JuniorBH
Sat Jun 16, 2018 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: Career advice (take the promotion or not)
Replies: 27
Views: 3280

Re: Career advice (take the promotion or not)

It sounds the most obvious path to "career advancement" is to leave the current company and look elsewhere. That said, most of your posts indicate that quality of life might be more important (i.e. short commute, preferred schedule, low COL, etc). So, if these items are more important than career ad...
by JuniorBH
Thu Jun 14, 2018 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Another home thread: 2mil / 40K in taxes
Replies: 59
Views: 5375

Re: Another home thread: 2mil / 40K in taxes

One way could be to check how much income is available for mortgage payment by deducting all expenses and target savings for long- term goals - retirement/children's college. As an example: 120 Living excl. Housing 054 401K / IRA / HSA for double income couple [some recommend saving 20% of Gross fo...
by JuniorBH
Wed Jun 06, 2018 10:16 am
Forum: Personal Consumer Issues
Topic: Flight cancelled. Entitle to any compensation?
Replies: 32
Views: 4625

Re: Flight cancelled. Entitle to any compensation?

Agree with the other folks who have said you need to call/email and ask for compensation. As long as your request is reasonable (i.e. you can't ask for a full refund of the cost of the flight), usually you'll end up with something, whether it's a voucher, miles, etc.
by JuniorBH
Wed May 30, 2018 9:55 am
Forum: Personal Consumer Issues
Topic: Lawyer instead of buyer's real estate agent? Experience anyone?
Replies: 54
Views: 5006

Re: Lawyer instead of buyer's real estate agent worked great!

I often think it is the opposite. It depends on their deal with the brokerage, but they might be getting 1/2 of 1/2 of 5% or 1.25%. They would rather sell you something for $300k fast than waste a lot of time selling you something for $350k and taking a long time. In the end, they would only get $6...
by JuniorBH
Wed May 30, 2018 9:48 am
Forum: Personal Consumer Issues
Topic: Splurging on the NBA finals
Replies: 56
Views: 5032

Re: Splurging on the NBA finals

I would go for it, especially if you can afford it.

FWIW, I've paid a premium over the years for live music (we always get "pit" tickets to rock shows) and it's been 100% worth it.
by JuniorBH
Wed May 30, 2018 9:46 am
Forum: Personal Consumer Issues
Topic: Used car buying advice!
Replies: 41
Views: 3018

Re: Used car buying advice!

I think you need to up your budget. Once you're up in those mileage ranges, you're into the 2nd or 3rd major service area and long term stuff starts to go. I agree - Not having any debt is nice, but you're asking for a major repair bill which you'll have to cash flow. I would up the budget to the p...
by JuniorBH
Wed May 23, 2018 11:47 am
Forum: Personal Consumer Issues
Topic: Buying a Woman's Tag Heuer On-line
Replies: 41
Views: 2358

Re: Buying a Woman's Tag Heuer On-line

I'm also interested to hear from anyone who has made an expensive purchase from Jomashop (i.e. >$1,000). I browse quite often, but haven't been able to pull the trigger on anything given that it's not an authorized retailer.
by JuniorBH
Mon May 21, 2018 9:01 am
Forum: Personal Finance (Not Investing)
Topic: Lease buyout negotiation tips?
Replies: 21
Views: 1918

Re: Lease buyout negotiation tips?

I'd be surprised if the dealer will negotiate.

If the residual is higher than the dealer could sell it for at auction, how does it compare to market value for a similar car?
by JuniorBH
Mon May 14, 2018 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: When is the right time to buy a house?
Replies: 28
Views: 1875

Re: When is the right time to buy a house?

I agree with those who said it's a lifestyle decision. There are a lot of pros to renting, so I wouldn't think of it as "wasting money". Maybe you're not building equity, but you're also avoiding all the other costs and headaches that can come with home ownership while maintaining a high degree of f...
by JuniorBH
Mon May 14, 2018 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: Job Offer Thoughts
Replies: 10
Views: 1374

Re: Job Offer Thoughts

In that situation, I would likely go for it. The equity in the new company could turnout to be a huge win, and even if it isn't, you're 1) getting an increase in cash in the near term and 2) early enough in your career that a swing and miss here doesn't preclude you from finding something else. And,...
by JuniorBH
Fri May 04, 2018 8:33 am
Forum: Personal Consumer Issues
Topic: Should reliability rankings eliminate Jeep Grand Cherokee?
Replies: 91
Views: 5474

Re: Should reliability rankings eliminate Jeep Grand Cherokee?

My wife current has a 2015 GC limited on lease which has been completely trouble free (though we only have 15K mile on it). I previously had a 2014 GC SRT for a year and that was also trouble free (though the SRT is a very different car than the limited).
by JuniorBH
Tue Apr 24, 2018 11:09 am
Forum: Personal Consumer Issues
Topic: Possibly but not definite house change in 4-5 years - plan for down payment?
Replies: 16
Views: 922

Re: Possibly but not definite house change in 4-5 years - plan for down payment?

We're in a very similar situation so I'm enjoying the responses to this thread. In our case, we have the income to afford both the current and "new" mortgage for a couple months if needed, but it's the down payment that gets tricky. To get 20% on the new, more expensive house, we'd need the equity f...
by JuniorBH
Fri Apr 20, 2018 10:11 am
Forum: Personal Consumer Issues
Topic: Selling a car: how to get paid?
Replies: 69
Views: 5673

Re: Selling a car: how to get paid?

Agree with the folks above who said it should be cash. $2-7K is not enough money to deal with other scenarios. If someone feels uncomfortable with drawing and "carrying around" that much cash, offer to meet at their bank and they can directly hand you the money.
by JuniorBH
Wed Feb 21, 2018 4:05 pm
Forum: Personal Consumer Issues
Topic: Potential employer wants me to give offer - how to respond?
Replies: 63
Views: 6449

Re: Potential employer wants me to give offer - how to respond?

Tamales wrote:
Wed Feb 21, 2018 11:30 am
I imagine you are having second thoughts about what you proposed, since they agreed with no modifications or pushback (implying they might have gone higher). Don't. You were satisfied with what you proposed or you wouldn't have proposed it.
Agree; congrats!
by JuniorBH
Wed Feb 21, 2018 10:39 am
Forum: Personal Consumer Issues
Topic: Trade my BMW?
Replies: 45
Views: 2851

Re: Trade my BMW?

You're worrying over nothing. The only difference with the electric parking brake (which is on the rear only) is that you take off the EPB module and retract the piston with a Torx T45 bit, rather than by using a caliper compressor. The wear sensors is just a wire that clips onto the inside brake p...
by JuniorBH
Sun Feb 18, 2018 8:44 pm
Forum: Personal Consumer Issues
Topic: Bogleheads with $100K+ MSRP cars?
Replies: 113
Views: 13618

Re: Bogleheads with $100K+ MSRP cars?

I'm moving in that direction: $68K M3 -> $72K Jeep SRT -> $82K BMW X5 50i. But, I bought all of those cars used, generally at about 60% of MSRP.

As with some other folks in this thread, a GT3 is my "dream car" so hopefully one day I'll get there.
by JuniorBH
Wed Feb 14, 2018 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: What's the most "interesting" job in corporate finance?
Replies: 30
Views: 3717

Re: What's the most "interesting" job in corporate finance?

I did 4 years in audit at a Big 4 and then transferred to the M&A group doing financial due diligence for the last 7 years. Certainly more interesting than audit and it's currently a very hot space which is likely to continue. As someone mentioned, the hours/travel can be challenging, but the work i...
by JuniorBH
Fri Feb 09, 2018 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: How Do You Discuss Starting Time when You Get a Job Offer
Replies: 29
Views: 2407

Re: How Do You Discuss Starting Time when You Get a Job Offer

At my company part of the philosophy of flexible work time was making sure there was a core period in each day when people would have to be available for team meetings, etc. while allowing choice at the margins for individual situations. The point that getting the work done is the point rather than...
by JuniorBH
Tue Feb 06, 2018 4:58 pm
Forum: Personal Consumer Issues
Topic: Potential employer wants me to give offer - how to respond?
Replies: 63
Views: 6449

Re: Potential employer wants me to give offer - how to respond?

Several people have made this point and I agree; figure out what number you need to switch, and ask for it. And then don't come off that number. If they say "what will it take " and you say "$150K", if they come back lower, simply refuse. That's it. And I understand the anxiety of asking for a numbe...
by JuniorBH
Tue Feb 06, 2018 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: Leaving HCOL state for financial reasons
Replies: 48
Views: 5301

Re: Leaving HCOL state for financial reasons

My wife and I have considered it many times, but it always comes back to family. Both of sets of our kids grandparents live within 30mins; in order to move to a LCOL area but still be near the right employment opportunities, the 30min drive turns into a plane ride. So, we'll continue to gripe about ...
by JuniorBH
Mon Feb 05, 2018 9:07 am
Forum: Personal Consumer Issues
Topic: For BHs who actually like cars - [what car do you drive every day?]
Replies: 280
Views: 19265

Re: For BHs who actually like cars - [what car do you drive every day?]

2015 X5 50i

Continuously looking at the X5M but haven't pulled the trigger. And eventually I'll own another E92 M3; sold mine for the X5 upon arrival of child #1.
by JuniorBH
Thu Jan 25, 2018 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Dear wife quits job and now we are down to 1 income
Replies: 190
Views: 17524

Re: Dear wife quits job and now we are down to 1 income

Btw, I agree with the previous poster that your budget for formula and diapers seems high. This was my first takeaway also. Coming from someone with a 15mo old, I would expect that estimate is about $200 too high. Doesn't change the larger discussion, but along with some other tips, might get you b...
by JuniorBH
Thu Jan 25, 2018 10:29 am
Forum: Personal Finance (Not Investing)
Topic: Car buy/lease question
Replies: 8
Views: 843

Re: Car buy/lease question

Agree with the others who have said run the math. Personally, I've done the "rolling the trade-in value" thing for probably 12 years through 4 cars. Essentially, rolling the trade-in value has allowed me to maintain a monthly payment which is lower than I would pay for a lease on a similar car while...
by JuniorBH
Mon Jan 22, 2018 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Going to one income-seeking testimonials
Replies: 101
Views: 5925

Re: Going to one income-seeking testimonials

Following this thread intently as we're considering this move next summer when DD is born and DS will be 2yrs old. Based on your finances, it seems like you can swing it, especially if it's the path you want to take (it's nice to be able to choose this rather than be forced into it). As others have ...
by JuniorBH
Mon Jan 15, 2018 2:57 pm
Forum: Personal Consumer Issues
Topic: Questions about salary expectations/negotations
Replies: 13
Views: 1611

Re: Questions about salary expectations/negotations

Declined to answer what he's looking to make?!? This is SUCH a different question than "what are you making right now" and yet candidates shoot themselves in the foot by not helping their cause... Good on the recruiter for doing things the right way and not wanting to waste each others time. I agre...
by JuniorBH
Wed Jan 10, 2018 12:37 pm
Forum: Personal Consumer Issues
Topic: Sell Sports Car and Invest or Keep for Fun Factor
Replies: 25
Views: 1395

Re: Sell Sports Car and Invest or Keep for Fun Factor

I have never regretted keeping a "fun" car too long, but I have regretted selling several too early. This. Goes for almost every fun car I've had. Also, the S2000 will continue to hold value and you're not running up the mileage on it. I'd think of it like a low-risk portion of your portfolio; it's...
by JuniorBH
Mon Jan 08, 2018 9:46 am
Forum: Personal Consumer Issues
Topic: any success buying a car at lease end?
Replies: 25
Views: 2453

Re: any success buying a car at lease end?

We'll be in a similar situation with DW's Grand Cherokee in about 10 months; buyout is likely to be $2-3K less than comparable models are selling for. In our case, her car will no longer meet our needs, so we'll just return it. But, if you're just going to buy another camry, I would absolutely buy o...
by JuniorBH
Mon Jan 08, 2018 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Trading 2015 F-150 for 2018 GMC Sierra. Dumb move?
Replies: 31
Views: 2173

Re: Trading 2015 F-150 for 2018 GMC Sierra. Dumb move?

But, if you want a new truck, because you want a new truck, then that's an entirely different matter. :shock: j This seems like the key point. I'm a notorious car flipper; if you're going to trade a '15 for an '18, you can't view it through the lens of "is this a fiscally responsible move", better ...
by JuniorBH
Wed Jan 03, 2018 10:08 pm
Forum: Personal Finance (Not Investing)
Topic: [How to determine budget for toys/luxuries?]
Replies: 41
Views: 2986

Re: How much to spend on toys?

So it depends on not just income, but spending, age, health, family size, goals, net worth/retirement accounts, etc. For example, Person A may be able to "afford" the $10,000 watch and plans to work until he's 65, while Person B (for "Boglehead") says a $100 watch is fine for them and (along with o...
by JuniorBH
Fri Dec 29, 2017 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: Another should i buy my dream porsche thread...
Replies: 240
Views: 13104

Re: Another should i buy my dream porsche thread...

911 makes a surprisingly good daily driver. My M3 always scraped on steep curbs and driveways. I’ve never scraped the 911. The suspension is also better. I bought a RAV4 as a beater DD to go with the 911, then quickly remembered I’m a car guy and needed more power. So I sold that and upgraded to an...
by JuniorBH
Fri Dec 29, 2017 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: Another should i buy my dream porsche thread...
Replies: 240
Views: 13104

Re: Another should i buy my dream porsche thread...

I expect to find myself in a similar situation when I reach your age (I'm currently 32); solid net worth, combined income over $300K, etc. At that point, I will absolutely buy myself a toy. However, after DD'ing an M3 for a number of years, I'll keep my current DD and be looking in the $40K range fo...
by JuniorBH
Sat Dec 09, 2017 8:44 pm
Forum: Personal Consumer Issues
Topic: Save all this money, what do you splurge on?
Replies: 193
Views: 18943

Re: Save all this money, what do you splurge on?

Cars - had many toys in my younger days (mustangs, M3's etc). Now i have an X5, but as soon as we upgrade to a house with a 3 car garage, I'll find another toy to park in the third bay. Interesting to see how many other people "splurge" on cars - most threads here seem to be of the "buy a Camry and ...
by JuniorBH
Mon Dec 04, 2017 9:26 am
Forum: Personal Consumer Issues
Topic: Hard time deciding how much to spend on rent
Replies: 24
Views: 1743

Re: Hard time deciding how much to spend on rent

I agree with the others, 17% of your gross really isn't that bad. I spent my 20's in NYC and rent was easily 25-35% of my gross and the same for everyone I knew. As another poster mentioned, perhaps you can get rid of your car or consider other expenses which might diminish (e.g. even if you kept th...
by JuniorBH
Sun Dec 03, 2017 9:02 pm
Forum: Personal Consumer Issues
Topic: BH Volvo XC90 Review
Replies: 27
Views: 4225

Re: BH Volvo XC90 Review

Thanks for the report! We're ~11 months from returning DW's leased grand cherokee and the Volvo is currently high on the list of possible replacements!
by JuniorBH
Sun Dec 03, 2017 8:54 pm
Forum: Personal Finance (Not Investing)
Topic: Keep SUV or Trade in? Financials...
Replies: 11
Views: 1257

Re: Keep SUV or Trade in? Financials...

I'm trying to follow the post, but I get lost trying to figure out what the options are; Trade in the ML on a used Yukon vs on a new Tahoe? Or are you saying you could keep the ML, but the depreciation hit would be similar to trading it in on something else?
by JuniorBH
Sun Dec 03, 2017 7:21 pm
Forum: Personal Consumer Issues
Topic: Price of haircut?
Replies: 194
Views: 12743

Re: Price of haircut?

$15 +$5 tip. It's .5 faded to a 1.5, with a razor on the side burns etc. Local barber. Unfortunately, I'm there twice a month as waiting any longer starts to accentuate my thinning hair.
by JuniorBH
Tue Nov 28, 2017 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: Job interviewing - "do you have any other interviews or leads?"
Replies: 35
Views: 4768

Re: Job interviewing - "do you have any other interviews or leads?"

I was recently on the other side of the table in a similar situation. We interviewed 3 candidates for a role: one wasn't a good fit, the second one was average, but not a rock star, while the third seemed perfect. We immediately made an offer to the 3rd, who ultimately went to a competitor. We then ...
by JuniorBH
Sun Nov 26, 2017 7:54 pm
Forum: Personal Finance (Not Investing)
Topic: Job negotiation strategies
Replies: 6
Views: 1009

Re: Job negotiation strategies

I never understood this fascination with never being the first one to name a number. I know perfectly well what I was making, what I want to make, and almost always what the salary range is for a position I am applying to. +1 What you're currently making is quasi-irrelevant; have in your mind the s...
by JuniorBH
Sat Nov 25, 2017 11:27 am
Forum: Personal Consumer Issues
Topic: Etiquette question: going out to dinner with friends and how to split the bill
Replies: 86
Views: 6237

Re: Etiquette question: going out to dinner with friends and how to split the bill

We usually split the bill without much thought, unless it's obvious one couple ordered more than the other (e.g. we had 2 drinks each and a app, while they had water and no app). In that instance, we'll come up with a random figure that seems to cover it (e.g. we pay $30 and then split the remainder...
by JuniorBH
Sat Nov 25, 2017 11:23 am
Forum: Personal Consumer Issues
Topic: What are average incomes for luxury vehicle purchases? Will help me decide
Replies: 57
Views: 4559

Re: What are average incomes for luxury vehicle purchases? Will help me decide

I would treat it like anything else - figure out your total budget, savings, expenses, etc and decide how much of the remainder you're willing to spend on a car. I have always driven BMW's because I personally derive more value from a car than some other folks do; my father has always paid cash for ...
by JuniorBH
Mon Oct 23, 2017 2:06 pm
Forum: Personal Consumer Issues
Topic: what is your weekly workout routine?
Replies: 68
Views: 5622

Re: what is your weekly workout routine?

Lifting 4 days a week: Day 1: Legs Day 2: Chest/Triceps Day 3: Back/Biceps Day 4: Shoulders/Traps I also do 40 minutes cardio of 5 days a week. Same - except I don't do the cardio even though I really should. And I'm generally at the gym 5-6 days a week, so I usually get through 1-2 of those splits...
by JuniorBH
Mon Oct 23, 2017 2:03 pm
Forum: Personal Consumer Issues
Topic: Any BMW X5 owners?
Replies: 17
Views: 2801

Re: Any BMW X5 owners?

I am looking at an Mpsort 2015 X5 cpo This is what I purchased back in April, though I have the 5.0xdrive which you may feel is overkill. To the other posts about reliability, if that's the largest concern, I would likely be leaning toward Lexus or Infiniti. That's the direction we'll go when my wi...
by JuniorBH
Mon Oct 23, 2017 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Helping college costs of grandchildren
Replies: 37
Views: 2876

Re: Helping college costs of grandchildren

If you think about it, in the long run the kids with the (grand)children will likely receive some help from those (grand)children, whereas your childless kids will have to pay for all support themselves. Why should currently childfree kids be punished because they have not chosen to procreate? That...
by JuniorBH
Fri Oct 20, 2017 1:39 pm
Forum: Personal Consumer Issues
Topic: Any BMW X5 owners?
Replies: 17
Views: 2801

Re: Any BMW X5 owners?

I bought a CPO '15 X5 back in April. This is my third BMW: - I owned a 2004 330i for 4 years, from 30K miles to 85K and it was 100% trouble free with almost no maintenance - I owned a 2008 M3 for 4 years, from 50K to 75K. This car was also 100% trouble free with almost no maintenance. So far, the X5...
by JuniorBH
Tue Oct 17, 2017 9:22 am
Forum: Personal Finance (Not Investing)
Topic: Best Next Steps - Kids/House/Savings Advise
Replies: 13
Views: 2483

Re: Best Next Steps - Kids/House/Savings Advise

I would agree with the folks above who have noted that a $1M house on a $220K salary seems like a lot. We're also in a very HCOL area, so I understand that the old "2.5-3.0x salary" rule isn't enough, but you're talking more than 4.5x salary which would make me nervous. That said, if you used the eq...
by JuniorBH
Mon Oct 09, 2017 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Paternity/Maternity Leave & Its Influence on Career Trajectory
Replies: 23
Views: 2185

Re: Paternity/Maternity Leave & Its Influence on Career Trajectory

Another vote for staggering it, if you can. When our first was born, I took 4 weeks immediately, and then another 4 when my wife went back to work (child was about 4 months old) This worked out well for both myself and the family. There was no meaningful impact to my career as I was actually promote...
by JuniorBH
Thu Oct 05, 2017 8:34 am
Forum: Personal Finance (Not Investing)
Topic: New job offer
Replies: 17
Views: 1685

Re: New job offer

Why not agree to attend the meeting but give your old boss two weeks notice around the meeting? Also agree with this - I would want everything secured with the new job before giving notice. I assume you have some vacation at the current place; I'd take a day to attend this meeting, but wouldn't all...
by JuniorBH
Sat Sep 16, 2017 10:44 am
Forum: Personal Finance (Not Investing)
Topic: Mother-In-Law dying, Wife wants to buy a Porsche
Replies: 51
Views: 5878

Re: Mother-In-Law dying, Wife wants to buy a Porsche

I agree with the other folks who have suggested parking the inheritance and waiting 6 months. This sounds like an incredibly stressful time for you and your wife and it would be wise to give yourselves time to grieve before you make any major decisions. For the finances, personally, I would want to ...
by JuniorBH
Wed Sep 13, 2017 8:53 am
Forum: Personal Consumer Issues
Topic: Name something you had to have and now you regret purchasing it?
Replies: 387
Views: 44406

Re: Name something you had to have and now you regret purchasing it?

Not too long after graduating university and getting a real job I was sent on a business trip. It was my first business trip and so I needed to buy "real" luggage. There's a certain group of people who believe in buying "forever luggage". Things like Briggs & Riley premium luggage that are very exp...
by JuniorBH
Wed Sep 13, 2017 8:45 am
Forum: Personal Consumer Issues
Topic: Iphone X is $1000
Replies: 385
Views: 31193

Re: Iphone X is $1000

I'll be buying one, but I'm in the unique situation of getting a fixed monthly subsidy from my employer to put towards a cell phone. As my current 6s is almost paid off, upgrading allows me to get a newer phone at no cost to me. The issue i'm trying to solve is whether learning to use the Iphone X w...