Search found 219 matches

by BanquetBeer
Wed Jan 23, 2019 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Why doesn't a lot of money feel like a lot of money?
Replies: 53
Views: 2584

Re: Why doesn't a lot of money feel like a lot of money?

When you have enough. +1,000. KlangFool My experience is this as well. Just got my bonus, cool... goes directly into savings (we don’t spend any of it). It would be a lot more emotionally triggering if we did without and needed the money or planned to blow it. When you don’t need it and it just goe...
by BanquetBeer
Thu Jan 17, 2019 7:09 am
Forum: Investing - Help with Personal Investments
Topic: Why are you NOT buying rental properties?
Replies: 221
Views: 16125

Re: Why are your NOT buying rental properties?

Just recently my coworker told me he made $40 k in overtime last year. I made that much from just one property last year and I don’t have to pay 50% tax! I made it to the bottom of the first page and can’t believe no one addressed this. To me this is more eye-opening the fact that someone believes ...
by BanquetBeer
Wed Jan 16, 2019 5:52 am
Forum: Personal Finance (Not Investing)
Topic: Took on too much mortgage, seeking advice on where to put money going forward
Replies: 46
Views: 5248

Re: Took on too much mortgage, seeking advice on where to put money going forward

Be careful with the relationship/kids area. You’re not currently dating anyone these timelines can pressure you to make a decision. The only way to find the right person is date several people and take an analytical approach to ‘are they the right one’ without letting your... I’ll say heart, interfe...
by BanquetBeer
Mon Jan 14, 2019 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: Goal Setting, feeling like treading water
Replies: 4
Views: 810

Re: Goal Setting, feeling like treading water

I was just looking at rent vs own: a 400k house +$10k/yr insurance and tax works out to about $2k/mo rent if you took out 3.5% SWR (($400*0.035+10)/12) Also about 30, treading water. Same thing every day. Making progress but another 10 years until I can really relax and not worry about getting fired...
by BanquetBeer
Tue Jan 08, 2019 3:56 pm
Forum: Investing - Theory, News & General
Topic: Safe withdrawal rate at 38 years old
Replies: 95
Views: 7432

Re: Safe withdrawal rate at 38 years old

Yea, I’d go for about 3.5% and plan to cut down to 2-3% in down times. But also don’t mind leaving significant assets on the table for the next generation. (Based on Firecalc since people are in the mood to challenge). 2% flat is a waste of current/near term utility. If you have enough - you can sav...
by BanquetBeer
Mon Jan 07, 2019 12:13 pm
Forum: Personal Consumer Issues
Topic: Bedding (sheets) recommendations - having terrible experience finding quality sheets
Replies: 35
Views: 2321

Re: Bedding (sheets) recommendations - having terrible experience finding quality sheets

We go home goods or other discount store. Open and feel the sheets. Recall about 50$ for king. Our current set is maybe 5 years without issue.
by BanquetBeer
Thu Jan 03, 2019 8:57 am
Forum: Personal Finance (Not Investing)
Topic: Our financial situation
Replies: 18
Views: 2461

Re: Our financial situation

Yea, house is way higher than I would feel comfortable for that budget (our housing costs about 10% of our net take home but understand that is fairly low). Youre spending $3800/$7400 = 51% takehome on housing. I would recommend you stop water delivery and install a costco RO system under the sink. ...
by BanquetBeer
Wed Jan 02, 2019 4:29 pm
Forum: Personal Consumer Issues
Topic: Your ideal home size
Replies: 130
Views: 8300

Re: Your ideal home size

For a family of 4 I think about 3100-3200 sq ft is pretty spot on. Preferably with a 3 car garage. That gives 3 bedrooms, an office, and a spare room for kids/media/craft/guest bedroom. I definitely need 1 car space for my workshop/storage (yard maintenance, bikes, and excess household items so we c...
by BanquetBeer
Sun Dec 30, 2018 8:38 pm
Forum: Personal Consumer Issues
Topic: Superautomatic espresso machines
Replies: 36
Views: 2353

Re: Superautomatic espresso machines

You just missed Costco’s annual Delong Eletta sale ($1200 out the door).

Not to snobby on milk froth, does just fine for us. Lattes all day so not much anyways.

We use RO water so no scale. It’s probably not a huge cost saving if you use nice milk/beans but the convince factor is nice.
by BanquetBeer
Sun Dec 30, 2018 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: How to afford a sports car?
Replies: 128
Views: 8947

Re: How to afford a sports car?

Wanting things (a car) you cannot afford is typically poor person mentality. Paying (or being able to) cash for your cars is a good strategy - however if it takes you 4 years to save up for your car with all your savings - that is way too much money to spend. I’m a few years past 30 and my $25k (new...
by BanquetBeer
Wed Dec 26, 2018 8:56 pm
Forum: Personal Consumer Issues
Topic: What common everyday inconvenience have you intentionally suffered for frugality?
Replies: 152
Views: 9318

Re: What common everyday inconvenience have you intentionally suffered for frugality?

I don’t like paying for service. If they want to charge meshing price for something (I.e. taxi in non regulated countries) I’d rather walk.
by BanquetBeer
Mon Dec 17, 2018 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: Marriage and separate accounts - how does it work?
Replies: 98
Views: 5285

Re: Marriage and separate accounts - how does it work?

I’ll bite. Married 4.5 years, together 7. Got married due to kids hence the need for joint accounts. We set a budget for living expenses (house, food, eating out, clothes, etc.) she may spend more on clothes than me but I’m sure I spend more on beer. Etc. Due to variation (bonus, between jobs), payc...
by BanquetBeer
Mon Dec 03, 2018 7:00 am
Forum: Investing - Theory, News & General
Topic: Older Dads - how do you plan for your own retirement while still raising kids?
Replies: 38
Views: 5199

Re: Older Dads - how do you plan for your own retirement while still raising kids?

As a young dad with early retirement plans: you spend less save more. Retirement is priority one. Kids college is priority 2. I put away 25k per kid around birth and let that grow to whatever in 18 years. Assuming they go to college, will cash flow remainder from retirement income. Assume 100k paren...
by BanquetBeer
Mon Nov 19, 2018 10:40 am
Forum: Personal Finance (Not Investing)
Topic: Millennial behind - but still have time to [catch up]
Replies: 20
Views: 2246

Millennial behind - but still have time to [catch up]

I read another article this morning - they all tend to say the same thing 'when comparing millennial ~25-35 to the baby boomers, they are doing much worse (income, assets) after adjusting for inflation. The articles point to a number of reasons the author things this is the case (great recession, co...
by BanquetBeer
Wed Nov 14, 2018 6:43 am
Forum: Personal Consumer Issues
Topic: 2019 Subaru Forester Vs. 2019 Rav 4
Replies: 21
Views: 2407

Re: 2019 Subaru Forester Vs. 2019 Rav 4

If you can get a good deal on 2018 I agree there. Do you need AWD?
by BanquetBeer
Sun Nov 04, 2018 10:50 am
Forum: Investing - Help with Personal Investments
Topic: Help With Backdoor Roth
Replies: 18
Views: 1182

Re: Help With Backdoor Roth

Her amount will cause tax. Once you add in after tax amounts for conversion they become mixed. Any conversion to Roth will no longer be any pure amounts but the mixed amount (7.8+5.5 = 13.3k mix, all of it being 5.5/13.3=~59% taxable) So no matter what you rollover to an IRA this year, she will be p...
by BanquetBeer
Fri Nov 02, 2018 4:13 am
Forum: Investing - Theory, News & General
Topic: Why I'm 100% stocks
Replies: 149
Views: 17719

Re: Why I'm 100% stocks

Bonds have risk also (puerto Rico, Argentina, etc) and many of those (I heard) we’re wrapped up in bond funds that obscured the risk. I don’t think *well diversified mutual funds* are any riskier than bonds for total failure (0% value left). If you’re talking about market crash then yes, I am firmly...
by BanquetBeer
Wed Oct 31, 2018 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: First Born - Financial Changes?
Replies: 6
Views: 797

Re: First Born - Financial Changes?

I thought exemptions went away 2018 (in addition to SALT) so who knows if you will end up ahead or behind? Kids? Just be prepared to spend more. A lot more. Higher FSA from now on. Get familiar with your insurance doctor search. Join the mommy Facebook groups to get info, help/advice, and lots of us...
by BanquetBeer
Tue Oct 30, 2018 5:57 pm
Forum: Investing - Theory, News & General
Topic: Why I'm 100% stocks
Replies: 149
Views: 17719

Re: Why I'm 100% stocks

Let me start by repeating the advice I received for not investing in my company stock: you have your future working capital tied up in that company, you shouldn’t also put your stock there. So even with ‘100% stocks’ my future earnings make it less so. Also when I lost my job I got a roughly 70k sev...
by BanquetBeer
Sat Oct 27, 2018 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: What A Deal! [Affordable Care Act policy costs]
Replies: 28
Views: 4050

Re: What A Deal!

Lol, I know y’all are trying to show that medical is worth it but you’re also advertising where their money is going. We pay in, don’t mind helping those who are unfortunate medically. Who knows if we will be in the future? That’s why it is insurance - nobody wants to pay for others and nobody wants...
by BanquetBeer
Sat Oct 27, 2018 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: Should I lower Savings Rate?
Replies: 27
Views: 2314

Re: Should I lower Savings Rate?

We reduce our savings rate as needed. With kids we gave ourselves a 10% raise last 2 years in a row (child care expenses) but think that level will hold steady from now on. If you don’t want to retire early, even in 10 -15years time you will probably have enough to retire even without contributions ...
by BanquetBeer
Thu Oct 25, 2018 5:55 am
Forum: Investing - Help with Personal Investments
Topic: Reaction to Market
Replies: 71
Views: 7781

Re: Reaction to Market

I logged in 3 times over the last couple days.. bought $3000 in 529 for the new baby. Unfortunately I always front load the purchases. Would be nice to know the future but don’t beat yourself up over what you could/should have done. Just plan your path forward. I have sold stocks once to change allo...
by BanquetBeer
Sun Oct 21, 2018 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 714
Views: 92222

Re: How much money do you want to retire?

I’m 31; goal of about $4mill at age 45. Started with target of about 120k/yr in 2017 dollars (to answer a similar question my spreadsheet multiplies that target by annual inflation numbers; including some % of the current year. Example: 120*(1+2.2%+2.5%+2.7%*223days/365) This is my share of things, ...
by BanquetBeer
Sun Oct 21, 2018 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 714
Views: 92222

Re: How much money do you want to retire?

Also I would like to see the math on how one even gets to $5m unless one has a household income well over $300k per year. I disagree. If you live on around half your income this number can easily be hit in 27 years if you save around 75k/yr. Could retire by 50. True I don’t know why you would want ...
by BanquetBeer
Sat Oct 20, 2018 7:08 am
Forum: Investing - Theory, News & General
Topic: Rich, Broke or Dead: Visualizing probabilities of outcomes in early retirement
Replies: 142
Views: 19292

Re: Rich, Broke or Dead: Visualizing probabilities of outcomes in early retirement

I didn’t read the millionaire next Door as a prescriptive tale. When I read it it was more of ‘in these situations, this tended to occur - for better or worse’. There is the variability on the individual - some may be good with money and some may get ruined by it. Your friend with a trust likely cou...
by BanquetBeer
Thu Oct 18, 2018 8:54 am
Forum: Investing - Theory, News & General
Topic: flat for the year
Replies: 27
Views: 2604

Re: flat for the year

Yes, I was mostly looking at this excluding contributions. I did some asking around to colleagues and my understanding is the oil sector isn’t booming. Stories of projects being pushed out due to steel tariffs or accepting lower ROI. The tax cut ‘hurt’ my company per the CEO (not currently paying ta...
by BanquetBeer
Wed Oct 17, 2018 6:25 pm
Forum: Investing - Theory, News & General
Topic: flat for the year
Replies: 27
Views: 2604

Re: flat for the year

(approx) 44% S&P 500 44% Total Market 11% International 2% Wellesley Gain including dividends = 4.38% YTD Using my Jan 12 recording date = 1.001% My observation is with the midterms coming up and everyone on the radio telling me how great the economy is doing; I am not seeing that in my investments ...
by BanquetBeer
Wed Oct 17, 2018 4:53 pm
Forum: Investing - Theory, News & General
Topic: flat for the year
Replies: 27
Views: 2604

flat for the year

I took my monthly account balance on January 12, 2018 (large variations around that time) but my accounts (that I didnt contribute to) are basically flat YTD. Bit of a surprise to me since everyone has been talking about this great economy. I guess at least I can take credit for a ~9% increase in as...
by BanquetBeer
Fri Oct 05, 2018 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: Mr. Money Mustache is the BOMB!
Replies: 32
Views: 5418

Re: Mr. Money Mustache is the BOMB!

And the part about health care, unrealistic, just uproot and move to another state or another country?! Can I just move to another country just like that?! I'd love to move to Canada, will they take me? Can someone who's a Canadian citizen adopt me please?! :P Most countries require you to have a j...
by BanquetBeer
Fri Oct 05, 2018 12:00 pm
Forum: Investing - Theory, News & General
Topic: Rich, Broke or Dead: Visualizing probabilities of outcomes in early retirement
Replies: 142
Views: 19292

Re: Rich, Broke or Dead: Visualizing probabilities of outcomes in early retirement

I haven’t seen studies about the negative impacts of inheritance but I haven’t really read or looked for them. I have seen results of broke people getting money - but that is very different. I want to retire early enough that my SWR has to be closer to perpetual vs some set number of years. Then by ...
by BanquetBeer
Fri Oct 05, 2018 11:10 am
Forum: Investing - Theory, News & General
Topic: Correlation between the FIRE movement and one of the greatest bull markets
Replies: 158
Views: 14187

Re: Correlation between the FIRE movement and one of the greatest bull markets

Yes, the 2008 recession is the key factor, not the bull market that came after it. The 2008 recession revealed that just putting your head down and living the "American Dream" is a lie. That much of American life is built on waste that we can't actually afford, but had been paying for on credit. An...
by BanquetBeer
Wed Oct 03, 2018 5:52 am
Forum: Investing - Theory, News & General
Topic: Rich, Broke or Dead: Visualizing probabilities of outcomes in early retirement
Replies: 142
Views: 19292

Re: Rich, Broke or Dead: Visualizing probabilities of outcomes in early retirement

Would rather expand on this graph (more options). I’m sure most of us at bogleheads have a better life expectancy probability (have access to healthcare, finances to get checked out, etc) I’m am not aware of anyone related to me who died in their 70s but the probability I’m seeing would make me feel...
by BanquetBeer
Tue Oct 02, 2018 6:45 pm
Forum: Personal Consumer Issues
Topic: Water Leak During New Home Construction
Replies: 40
Views: 2563

Re: Water Leak During New Home Construction

I’d rather they fix it right than quick. Projects always have delays.

You could try to get some kind of extra when they redo the work but also keep in mind he is likely eating all the rework cost out of his profits. How big is the builder?
by BanquetBeer
Tue Oct 02, 2018 5:45 am
Forum: Investing - Help with Personal Investments
Topic: Retired Dilemma - dividends vs accumulating
Replies: 10
Views: 1608

Re: Retired Dilemma - dividends vs accumulating

Nobody has an better solutions then you can read on the wiki. Doesn’t matter if you split accounts of keep combined. 300k from 15mill should easily provide growth every year with a conservative bogl head strategy. Could just do 10mill total stock, 5 mill total bonds, forget it until it’s time to reb...
by BanquetBeer
Tue Oct 02, 2018 5:40 am
Forum: Personal Finance (Not Investing)
Topic: How many months/years of living expenses do you save each year?
Replies: 29
Views: 3582

Re: How many months/years of living expenses do you save each year?

I save about 1.5 years of current expense but 70% of planned expenses. If you add in stock gains of 10% then those numbers go to 4x and 1.7x

But my expenses are pretty low because I split them with my SO.
by BanquetBeer
Mon Oct 01, 2018 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Anyone want to share their monthly budget? Here's ours
Replies: 62
Views: 11315

Re: Anyone want to share their monthly budget? Here's ours

We could probably save like $500 to move them to a place that just provides supervision as opposed to lesson plan/learning. By the time the second kid is school age, will have to evaluate private school tuition vs moving nearby with higher house cost plus taxes vs moving to suburbs with the long com...
by BanquetBeer
Mon Oct 01, 2018 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Anyone want to share their monthly budget? Here's ours
Replies: 62
Views: 11315

Re: Anyone want to share their monthly budget? Here's ours

Wow, some of you really track stuff in detail. Spending Budget ~$120k annually. Monthly: $2100 house $3300 child care $150-450/mo utilities $50 Internet $1500 estimated tax (beyond withholdings) $175 auto/supp life insurance/umbrella Rest goes to credit cards for groceries, travel (minimal as you ca...
by BanquetBeer
Sat Sep 29, 2018 8:28 am
Forum: Personal Finance (Not Investing)
Topic: How much term life insurance? $$ and duration
Replies: 18
Views: 1672

Re: How much term life insurance? $$ and duration

Yea, you probably don’t need much without kids. Your wife can work and probably remarry. I bought life insurance at the low end for what I want now. Combined with our assets, should be enough that my SO won’t have to work if she wants to reduce lifestyle and I die tomorrow. (Like move to suburbs sin...
by BanquetBeer
Wed Sep 26, 2018 5:40 am
Forum: Personal Consumer Issues
Topic: Anyone ever tired of managing hair and consider shaving to go bald
Replies: 59
Views: 4468

Re: Anyone ever tired of managing hair and consider shaving to go bald

Lol sounds like more work to keep shaving your head than having hair.

I Have mine cut short, maybe finger length. The only effort I put in between monthly haircuts is shampoo. It sounds like maybe you worry too much about style or something.
by BanquetBeer
Sun Sep 23, 2018 1:23 pm
Forum: Personal Consumer Issues
Topic: Minimalist Lifestyle
Replies: 92
Views: 11851

Re: Minimalist Lifestyle

We have a number of possessions, much less (at least dollar wise) than our peers. You need the basic stuff to get by in life and right now with babies/kids I have given up until they get a bit older. When I was a teenager I gave up on buying lots of possessions in part due to frugality (because I re...
by BanquetBeer
Sat Sep 22, 2018 9:27 am
Forum: Personal Consumer Issues
Topic: My Very First Smartphone [Samsung Galaxy S9+] — Please Critique This Plan
Replies: 123
Views: 6851

Re: My Very First Smartphone — Please Critique This Plan

iPhones are quite nice. Less security risk (as evaluated by megacorp IT). I would test out both to see how you like the experience. Apple does host classes to teach you how to use products. Screen size is important. Spend some time looking at it and putting it in your pocket. If you go android, woul...
by BanquetBeer
Tue Sep 18, 2018 5:48 pm
Forum: Personal Consumer Issues
Topic: What is your single most expensive mistake?
Replies: 293
Views: 26016

Re: What is your single most expensive mistake?

Close friend lost 100k on a stock short tied to bitcoin (computer parts, high demand in part but not solely based on bitcoin). Floored me a bit.

My mistakes have been limited, maybe around $1k or so. I don’t really dwell on it because we all make errors and the trajectory is the important part.
by BanquetBeer
Tue Sep 18, 2018 5:44 pm
Forum: Personal Consumer Issues
Topic: Fixing diamond ring
Replies: 19
Views: 1517

Re: Fixing diamond ring

I have waited/watched at independent jeweler while they fix similar issues. Wouldn’t go to the mall stores anyways. Can always tell them your concern and ask for help in identifying the diamond though a loop yourself for ‘ease of mind’ (even if they let you watch) just for future experience.
by BanquetBeer
Tue Sep 18, 2018 5:00 pm
Forum: Personal Consumer Issues
Topic: Experiences downsizing to single car
Replies: 34
Views: 3188

Re: Experiences downsizing to single car

I get the cost of 2 luxury cars but if you have a regular car and a cheap used base model it would be hard to imagine a cost of more than $1-2k/year
by BanquetBeer
Sat Sep 08, 2018 10:22 am
Forum: Personal Consumer Issues
Topic: Ford F-150 Technical Service Bulletin, legal ramifications
Replies: 34
Views: 3331

Re: Ford F-150 Technical Service Bulletin, legal ramifications

Read post ‘had oil changed last year, it’s possible it is low but haven’t checked it since’. Check post date (sept 2018). You changed your oil a year ago and haven’t checked it since? Even if you don’t drive much.. that seems extreme. Especially if you don’t know your car (several issues with new ca...
by BanquetBeer
Sat Aug 18, 2018 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Savings rate per month???
Replies: 68
Views: 6271

Re: Savings rate per month???

This. Never understood why people include an employer’s 401(k) match. The match is gravy; it wasn’t taken out of your paycheck. Because it feels disingenuous to provide a savings rate where you have (gross+employers contribution)/(gross) Yes you can’t go spend it (easily, you can always cash out yo...
by BanquetBeer
Sat Aug 18, 2018 10:17 am
Forum: Personal Consumer Issues
Topic: UPDATE: Credit Card Fraud - $30K
Replies: 66
Views: 8730

Re: Credit Card Fraud - $30K

Surprise to me you monitor your credit score more frequently than your account. Don’t you check all your accounts monthly? Seems main impact to credit would come after non-payment and may result in contacting credit company later than their requirements for fraud alert.
by BanquetBeer
Sat Aug 18, 2018 10:14 am
Forum: Personal Consumer Issues
Topic: Soap for hand washing dishes
Replies: 40
Views: 2345

Re: Soap for hand washing dishes

Possible to use a brush or scrub pad if she wants something to hold? We use the dishwasher so whatever we use to rinse fat/food debris off doesn’t matter. I’d prefer to do more up front than clean dishwasher disposal or deal with rewash.
by BanquetBeer
Sat Aug 18, 2018 9:12 am
Forum: Personal Finance (Not Investing)
Topic: Savings rate per month???
Replies: 68
Views: 6271

Re: Savings rate per month???

My spending has increased by maybe 25% over time (~10 years) due to wage increase while holding savings rate about the same. Marriage doubled our total spend but also added more “costs” - main gain was efficiencies of living together (split housing, cooking) While it is easier to save a higher % at ...
by BanquetBeer
Fri Aug 17, 2018 6:34 am
Forum: Personal Finance (Not Investing)
Topic: Savings rate per month???
Replies: 68
Views: 6271

Re: Savings rate per month???

Early 30’s, 2 kids, both work, separate finances. I save 40-50% gross (inc bonus/401k in numerator and denominator). Pay taxes and spending out of 50-60% That has been going down slowly (from 50%) as kids grow and we feel more comfortable with our finances. When kid #2 can start kindergarten will ha...