Search found 78 matches

by JuniorBH
Fri Aug 10, 2018 8:41 am
Forum: Personal Finance (Not Investing)
Topic: Help to evaluate Job Offer
Replies: 27
Views: 1911

Re: Help to evaluate Job Offer

Isn't the rule of thumb that it's not worth the move for less than 15-20% bump in salary (all other things being equal and assuming this is not a lower-salary-for-less-stress lifestyle choice)? I would agree with this. There is inherent risk in changing companies and IMO you should be compensated f...
by JuniorBH
Fri Aug 03, 2018 9:46 am
Forum: Personal Consumer Issues
Topic: New job commute
Replies: 64
Views: 3735

Re: New job commute

If you're contemplating taking a $30K pay cut, I would change cars first and see how materially that changes the commute. If you can go from 90mins each way to 45mins each way, the time savings is worth whatever it costs to get out of the lease. Also, I may have missed this, but what are the long-te...
by JuniorBH
Fri Aug 03, 2018 8:53 am
Forum: Personal Finance (Not Investing)
Topic: Impact of higher property taxes on home price
Replies: 45
Views: 2433

Re: Impact of higher property taxes on home price

If you are buying an $800k house, most likely you had the income to fall under AMT previously. In the old scenario, you wouldn't have been able to deduct your SALT in most cases (i.e., have a few kids and some other deductions in a HCoL area). So wouldn't the new tax plan be better in that at least...
by JuniorBH
Fri Jul 20, 2018 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Salary vs. Lifestyle
Replies: 142
Views: 17449

Re: Salary vs. Lifestyle

One of the things I notice is that when you work more to make more money and you have less free time and more stress you start so you start spending that money on ways to make your life easier because your free time becomes more and more valuable. You may find that before you know it you really are...
by JuniorBH
Fri Jul 20, 2018 9:22 am
Forum: Personal Finance (Not Investing)
Topic: Salary vs. Lifestyle
Replies: 142
Views: 17449

Re: Salary vs. Lifestyle

Morale is hard to put a dollar figure on, but once it is gone you realize just how valuable it was. I wanted to highlight this point as it's really well said. Same with general job satisfaction; I know people who work the long hours for the big pay, but love their jobs and wouldn't change it. Conve...
by JuniorBH
Wed Jul 18, 2018 10:44 am
Forum: Personal Finance (Not Investing)
Topic: Salary vs. Lifestyle
Replies: 142
Views: 17449

Re: Salary vs. Lifestyle

I would make certain that the new position is a good fit for you, and t hat your spouse is willing to support you with whatever additional stress that may associated with the new position . Bolded part is the key. I'm about to make a similar decision and a large part of weighing pros/cons was the i...
by JuniorBH
Wed Jul 18, 2018 8:38 am
Forum: Personal Finance (Not Investing)
Topic: Thinking about job change but current job gives 9% salary into 401k..
Replies: 27
Views: 3517

Re: Thinking about job change but current job gives 9% salary into 401k..

I agree with what other posters have noted, which is that the whole picture needs to be considered to make an adequate comparison. You should be maxing your 401K regardless (or at least up to the match at the new company), so you're not giving away 9% of your salary, it's something less (i.e. if new...
by JuniorBH
Tue Jul 17, 2018 11:47 am
Forum: Personal Finance (Not Investing)
Topic: Families - What's your total annual credit card spend?
Replies: 92
Views: 7109

Re: Families - What's your total annual credit card spend?

Looking at the CC spend rates posted here makes me wonder how people manage to get multiple business class or upgrade trips with mileage awards. I can't speak for others, but a large part of my miles/status comes from business spend and frequent flying. ~25 round trip flights a year, all of which a...
by JuniorBH
Mon Jul 16, 2018 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: Big 4 Who Jumped to Industry - Compensation
Replies: 35
Views: 5634

Re: Big 4 Who Jumped to Industry - Compensation

From the responses, it sounds as though once you make Director and up, compensation wise, the Big 4 is going to surpass industry and that most people make the jump not always because there is a huge increase in compensation, but they are wanting to have a better work/life balance. I'm also a direct...
by JuniorBH
Fri Jul 13, 2018 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: Salary Negotiation for New Position
Replies: 25
Views: 2256

Re: Salary Negotiation for New Position

If I was the owner, yes I do think negotiating based on her supplemental pays as a clinical nurse is unreasonable. Night shifts pay more for a reason. Holidays pay more for a reason. Overtime pays more for a reason. I know of nurses who are already overworked, but still willing to do more for 2x to...
by JuniorBH
Fri Jul 13, 2018 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Would you trade experiences in your youth for early retirement
Replies: 81
Views: 5812

Re: Would you trade experiences in your youth for early retirement

The short answer is no; while we are still hitting the goals that will allow us to retire at 55, we're not going to ratchet our lifestyle down to retire at some sooner date that might not even come. Brief example; when I was 26 I bought a 2008 M3 which I owed for 4 years. The payments, and the car i...
by JuniorBH
Fri Jul 13, 2018 9:24 am
Forum: Personal Finance (Not Investing)
Topic: Denied for an auto loan 2 weeks after purchase??
Replies: 39
Views: 5129

Re: Denied for an auto loan 2 weeks after purchase??

Agree with the others; at this point, I would offer to either: 1. Immediately pay off the outstanding balance in cash without foregoing the incentive you received (which was your plan in a months time anyway) or 2. Return the car and take your business elsewhere. From this thread and the other one, ...
by JuniorBH
Mon Jul 09, 2018 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Borrow for BigLaw Partnership Buy-in?
Replies: 26
Views: 4101

Re: Borrow for BigLaw Partnership Buy-in?

OP will not score points by getting crafty and trying to reverse engineer the model. Smectym As someone in a professional services firm who's reasonably close to a similar decision, I agree with this. Just part of the process, but I'd focus on the bigger picture for what this means for your career ...
by JuniorBH
Mon Jul 09, 2018 8:57 am
Forum: Personal Finance (Not Investing)
Topic: Should I take a $60k paycut to work 4days/week
Replies: 58
Views: 5646

Re: Should I take a $60k paycut to work 4days/week

That's a tough decision, but I probably would pull the trigger. You'll still have substantial income left and you can (presumably) go back to 5 days a week once the kids are older and in school. Agree with the other poster who said you're not behind on retirement savings given your age and, unless y...
by JuniorBH
Mon Jun 25, 2018 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: What is/ was your career and would you recommend it now?
Replies: 345
Views: 34754

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

Currently work in financial due diligence at a Big 4 accounting. Was in audit before that and I have my CPA. I would recommend a degree in accounting and an CPA as a great place to start a career as it opens numerous doors. The Big 4 offer a lot of service line options (audit, tax, technical account...
by JuniorBH
Sat Jun 16, 2018 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: Career advice (take the promotion or not)
Replies: 29
Views: 3998

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: 5869

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: 44
Views: 7804

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: 5589

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: 5406

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: 3378

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: 2654

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: 2162

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: 2172

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: 1450

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: 7108

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: 1010

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: 6178

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: 6734

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: 3045

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: 14250

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: 3931

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: 2554

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: 6734

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: 5685

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: 20806

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: 18306

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: 922

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: 6262

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: 1791

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: 1487

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: 2617

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: 2406

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: 3117

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: 14289

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: 14289

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: 19655

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: 1836

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: 4528

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: 1308

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?