Search found 53 matches

by njdealguy
Tue Aug 07, 2018 10:20 pm
Forum: Personal Consumer Issues
Topic: When is leaving your job that pays well a good idea?
Replies: 74
Views: 6830

Re: When is leaving your job that pays well a good idea?

I have a job that a like a decent amount but I often wonder if this is the peak happiness I can get out of life. I make about $160k and am in my early 30’s. My wife and I have around $2 million between investments and our house. Between our careers and investment income we make $260k annually with ...
by njdealguy
Fri Jul 27, 2018 6:35 am
Forum: Personal Consumer Issues
Topic: Toughest Purchase of my Life. Engagement Ring time
Replies: 207
Views: 9256

Re: Toughest Purchase of my Life. Engagement Ring time

Biggest concerns with ring: Accidental Damage (chipping diamond)/stone falls out Mugging/theft/forgotten/lost I'm hopeful Insurance has coverage for such things that isn't an arm and a leg (or a finger) Insurance for the ring should cover that. My wife's engagement ring is in the mid 1000s and we i...
by njdealguy
Wed Jul 25, 2018 1:32 pm
Forum: Personal Consumer Issues
Topic: How much car can I buy?
Replies: 46
Views: 2091

Re: How much car can I buy?

I personally try to target 3 year old lease returned cars that are in excellent condition and preferably driven for less than what the original driver had allocated (such as a car with 23k miles instead of using up the entire 36k they could have) and pay approximately 55 to 60% of the original MSRP ...
by njdealguy
Wed Jul 25, 2018 1:28 pm
Forum: Personal Consumer Issues
Topic: How to negotiate bills from hospital?
Replies: 22
Views: 1797

Re: How to negotiate bills from hospital?

I've had some success negotiating down the 'patient's responsibility' amounts in a bill based on the insurance negotiated rate with smaller doctors clinics but not sure if a big hospital will be willing to do so. Doesnt hurt to try or else I guess are on the hook for these amounts anyway.
by njdealguy
Tue Jul 24, 2018 4:30 pm
Forum: Personal Consumer Issues
Topic: Daughter wants to travel on her own to Montreal
Replies: 105
Views: 6770

Re: Daughter wants to travel on her own to Montreal

To OP, based on the username, think I can guess your ethnicity which is probably the same as mine. Based on that, admire the fact that your willing to allow this given what I know about the culture in many families I know. I know my parents wouldn't have allowed it in this circumstance particularly ...
by njdealguy
Fri Jul 20, 2018 9:49 am
Forum: Personal Consumer Issues
Topic: JFK Traverlers: How to go from NJ to JFK and the opposite?
Replies: 48
Views: 2281

Re: JFK Traverlers: How to go from NJ to JFK and the opposite?

Never fly out of JFK if at all possible. EWR > LGA > JFK for a Jersey traveler. Why you are saying so? The reason we chose JFK is that it saved us around $500 for the 2 tickets over EWR. It costs 4x to go to JFK vs Newark from NJ. Say its a $40 Uber to EWR. It's going to be $160 to JFK. Now you're ...
by njdealguy
Fri Jul 20, 2018 9:40 am
Forum: Personal Consumer Issues
Topic: JFK Traverlers: How to go from NJ to JFK and the opposite?
Replies: 48
Views: 2281

Re: JFK Traverlers: How to go from NJ to JFK and the opposite?

Never fly out of JFK if at all possible. EWR > LGA > JFK for a Jersey traveler. Why you are saying so? The reason we chose JFK is that it saved us around $500 for the 2 tickets over EWR. It costs 4x to go to JFK vs Newark from NJ. Say its a $40 Uber to EWR. It's going to be $160 to JFK. Now you're ...
by njdealguy
Fri Jul 20, 2018 9:12 am
Forum: Personal Consumer Issues
Topic: JFK Traverlers: How to go from NJ to JFK and the opposite?
Replies: 48
Views: 2281

Re: JFK Traverlers: How to go from NJ to JFK and the opposite?

Your only real option is to find a cheap local limo service. With that much luggage I would have flown out of EWR even if it was more expensive - once you factor in the cost of transportation the price between Newark and JFK will be much closer. I live 10 miles from NYC and Uber's fare estimator is...
by njdealguy
Fri Jul 20, 2018 9:05 am
Forum: Personal Consumer Issues
Topic: JFK Traverlers: How to go from NJ to JFK and the opposite?
Replies: 48
Views: 2281

Re: JFK Traverlers: How to go from NJ to JFK and the opposite?

Depends on how much luggage carrying but the absolute cheapest way to reach JFK is to take NJ Transit to NY Penn Station then the E train subway to Kew Gardens station with a free transfer to the M60 bus which goes to a long term parking monorail station. Just the cost of the NJ transit train ticket...
by njdealguy
Wed Jul 18, 2018 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Thinking about job change but current job gives 9% salary into 401k..
Replies: 27
Views: 3409

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

Wow nice, just wondering does your current employer give this 9% match for base salary only or including bonus? My employer does something similar where gives 7.5% regardless of what the employee contributes which is for base salary only. So if theres a base salary of 150k with a bonus of 50k, the e...
by njdealguy
Mon Jul 16, 2018 2:44 pm
Forum: Personal Consumer Issues
Topic: Did I get ripoff by this car mechanic?
Replies: 37
Views: 3924

Re: Did I get ripoff by this car mechanic?

My strategy for most situations like this (I'm not that car handy myself) is when think theres a problem take it to a dealer that provides free diagnosis to figure out what it is and get an estimate. Then I go online or to an auto parts store to buy the relevant parts (did it for an alternator, ste...
by njdealguy
Mon Jul 16, 2018 1:35 pm
Forum: Personal Consumer Issues
Topic: Did I get ripoff by this car mechanic?
Replies: 37
Views: 3924

Re: Did I get ripoff by this car mechanic?

My strategy for most situations like this (I'm not that car handy myself) is when think theres a problem take it to a dealer that provides free diagnosis to figure out what it is and get an estimate. Then I go online or to an auto parts store to buy the relevant parts (did it for an alternator, stee...
by njdealguy
Tue Jul 10, 2018 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: What’s the median income of Bogleheads?
Replies: 29
Views: 3364

Re: What’s the median income of Bogleheads?

My wild guess for an average is the US Median Personal income * 4, which according to Wikipedia is $31,099. So my bogleheads average estimate is $124,396. I'm personally at a bit under twice of this figure at age 36 (approx 240k).
by njdealguy
Fri Jul 06, 2018 4:20 pm
Forum: Personal Consumer Issues
Topic: Anyone Tried Costco Travel Packages?
Replies: 31
Views: 3652

Re: Anyone Tried Costco Travel Packages?

Just did a sample search of a trip to Disneyworld Orlando for family of 3 including flights, rental car, hotel, and 5 day park hopper passes and the total price quoted in the Costco package was nearly $400 more ($2700 vs $2300) than booking the exact same flights, car, and hotel individually and pur...
by njdealguy
Tue Jul 03, 2018 8:56 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Destination - are you happy with your choice?
Replies: 127
Views: 15698

Re: Retirement Destination - are you happy with your choice?

How about considering the Lehigh valley area of Pennsylvania (Easton/Bethlehem), even though the weather would be similar to where currently be. It would keep you within a hour and a half drive to NYC should you desire visiting any friends or other contacts there (or convenient bus service) as well ...
by njdealguy
Mon Jul 02, 2018 3:18 pm
Forum: Personal Consumer Issues
Topic: Any Boglehead powerlifters?
Replies: 115
Views: 8175

Re: Any Boglehead powerlifters?

Lol when I saw the thread title, thought it was about powerlifter heavy index fund investors or something rather than literally powerlifting :D
by njdealguy
Mon Jul 02, 2018 1:41 pm
Forum: Personal Consumer Issues
Topic: International Vacation Ideas
Replies: 47
Views: 3348

Re: International Vacation Ideas

Certain parts of Mexico perhaps such as the area between Cancun & Playa Del Carmen? (as unsafe as it may sound, I do think most of the east side, particularly the Yucatan Peninsula is relatively safe). From there a good day trip could be to see Mayan ruins and the Chichen Itza. I also havent been to...
by njdealguy
Mon Jul 02, 2018 8:44 am
Forum: Personal Finance (Not Investing)
Topic: What are your property taxes?
Replies: 212
Views: 13538

Re: What are your property taxes?

Paying approx $16,500 in central NJ on a home worth slightly under 800k. 3200 square feet on quarter acre land. Did successfully win a property tax appeal a few years ago which lowered the assessed value by about 9%. Without this appeal then, would have been paying slightly above $18k per year inste...
by njdealguy
Fri Jun 29, 2018 4:44 pm
Forum: Personal Consumer Issues
Topic: Can I buy a Tesla?
Replies: 103
Views: 7139

Re: Can I buy a Tesla?

I'd research the kind of hassle and nightmare it can be to repair the tiniest body damages on a Tesla car before even considering whether to get it (think > $5000 to fix a tiny scratch as well as potentially months of waiting time while car is at the repair shop) This factor alone for sure will kee...
by njdealguy
Fri Jun 29, 2018 3:37 pm
Forum: Personal Consumer Issues
Topic: Can I buy a Tesla?
Replies: 103
Views: 7139

Re: Can I buy a Tesla?

I'd research the kind of hassle and nightmare it can be to repair the tiniest body damages on a Tesla car before even considering whether to get it (think > $5000 to fix a tiny scratch as well as potentially months of waiting time while car is at the repair shop) This factor alone for sure will keep...
by njdealguy
Fri Jun 29, 2018 9:53 am
Forum: Personal Consumer Issues
Topic: Online backup service for a few TB's of data and a 2nd computer with a small amount of data
Replies: 50
Views: 2127

Re: Online backup service for a few TB's of data and a 2nd computer with a small amount of data

Is there any reason that you do not want to back it up to an external hard drive? You can use whole disk encryption such as veracrypt. I like the way Crashplan just runs in the background, does versioning, and I basically don't have to do anything. Also I'm not sure how big a hard drive I'd need to...
by njdealguy
Tue Jun 12, 2018 2:40 pm
Forum: Personal Consumer Issues
Topic: A Simple new car lease formula?
Replies: 14
Views: 1550

Re: A Simple new car lease formula?

I consider a really great deal to be not just 1%, but sticker price divided by 120 as the monthly payment plus taxes for any car with no down payment but multiple security deposits allowed to bring down the money factor. That translates to what I call .83% rule rather than 1%. This is for a general ...
by njdealguy
Tue May 29, 2018 8:42 am
Forum: Personal Finance (Not Investing)
Topic: Why pay cash for a car?
Replies: 248
Views: 30664

Re: Why pay cash for a car?

Even if for some reason the dealer gives a lower price due to financing (and the kickback they would receive from the lender), why not do so and then immediately pay off that "loan" when the first payment is due.
by njdealguy
Sun May 13, 2018 8:18 pm
Forum: Personal Consumer Issues
Topic: What do you buy in Asian food stores?
Replies: 98
Views: 8651

Re: What do you buy in Asian food stores?

Buy mainly fresh fish and shrimp, particularly at H-Mart, as find prices and variety are often much better than mainstream American grocery stores as well as even Costco.
by njdealguy
Sat May 12, 2018 7:25 am
Forum: Personal Finance (Not Investing)
Topic: Lucrative careers?
Replies: 319
Views: 26566

Re: Lucrative careers?

You could get a CS degree. Lots of companies paying $200k+ these days. Lol youre kidding right? 200k is only for thr fortunate few who work in facebook or google or start their own. Maybe if op can explain where his experience is we can help. These fields require enormous aptitude and are not easy ...
by njdealguy
Wed Apr 18, 2018 9:04 am
Forum: Personal Finance (Not Investing)
Topic: Quitting job - what to do if getting walked to the door
Replies: 106
Views: 12142

Re: Quitting job - what to do if getting walked to the door

If this chance of being immediately walked out of the door is due to the person's joining a direct competitor, just wondering why its necessary to even disclose the next place of employment to current employer, something which I've never ever done myself. Unless there is some legal requirement not s...
by njdealguy
Mon Apr 09, 2018 3:15 pm
Forum: Personal Consumer Issues
Topic: Atlantis Bahamas for myself with 2 kids?
Replies: 13
Views: 2017

Re: Atlantis Bahamas for myself with 2 kids?

One thing you could try for cheaper meals (and a taste of authentic local seafood) is to walk on the bridge from Atlantis to the Potters Cay area (about 10 minutes walk from paradise island). There are many local and cheaper outlets selling mostly local bahamian style seafood.
by njdealguy
Mon Mar 26, 2018 3:19 pm
Forum: Personal Consumer Issues
Topic: Recurring brake rotor problem
Replies: 31
Views: 2035

Re: Recurring brake rotor problem

Just a suggestion but if it comes down to having to pay to have new brake pads and rotors (and do not know how to do by self), what I did a month ago on my 2012 Honda Accord was buy them from the Auto parts store (front and rear wagner thermoquiet ceramic brake pads and high quality rotors), and fou...
by njdealguy
Wed Feb 07, 2018 5:40 pm
Forum: Personal Consumer Issues
Topic: Niagara falls US side
Replies: 27
Views: 1915

Re: Niagara falls US side

GC should be enough to cross by land, flying into Canada and entering through airport is another story (Have personal experience with spouse trying to enter at Toronto airport with GC and no passport which was in the middle of renewal processing, was given hard time but eventually was let through wi...
by njdealguy
Mon Feb 05, 2018 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: general "am I on the right track" question
Replies: 29
Views: 2752

Re: general "am I on the right track" question

Noticed you wrote that your 401k contribution as "15%", which of a 330k income is nearly $50k for a year. Wonder how you do that, are you a corp to corp consultant using a employer solo 401k plan?
by njdealguy
Mon Jan 29, 2018 9:49 am
Forum: Personal Finance (Not Investing)
Topic: $100k+ Credit Card Spend Per Year: What card offers the best return?
Replies: 44
Views: 5315

Re: $100k+ Credit Card Spend Per Year: What card offers the best return?

Seems way to good to be true, if I theoretically spend $250k in a year, it would yield $16,250 in CB which is 6.5%? Id imagine the FT MS forum boards would be all over this card if were the case, like the unlimited 5% amex card (after first 6.5k in spending) that used to exist a few years ago and ma...
by njdealguy
Wed Jan 24, 2018 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: Dear wife quits job and now we are down to 1 income
Replies: 190
Views: 18001

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

How many kids do you and your wife want? I don't know your area, but daycare for 1 kid costs around $20k/year aftertax (maybe $28k pretax.) If you are thinking about having a baby brother or sister at some point, you'll be paying about $56k pretax dollars in child care. If your wife is interested i...
by njdealguy
Wed Jan 24, 2018 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: Stand Alone Umbrella Insurance
Replies: 43
Views: 4228

Re: Stand Alone Umbrella Insurance

I was quoted approximately $650 a year for $1MM Umbrella insurance from Liberty Mutual (live in NJ, age 34, net worth approx 900k) and this seems high compared to figures I see posted here. Both my auto and homeowners insurance policies are also with same company. I'm suspecting if the higher umbrel...
by njdealguy
Wed Dec 20, 2017 11:26 am
Forum: Personal Finance (Not Investing)
Topic: Tax-planning - What to pay in '17 before it's too late?
Replies: 33
Views: 2176

Re: Tax-planning - What to pay in '17 before it's too late?

I'm in a similar situation (me and wife combined gross approximately $325k/year). I plan to at the very least make the mortgage payment for January before the end of this year (nothing to lose as I see it as next year will not have enough deductions to itemize that would exceed the $24k standard ded...
by njdealguy
Thu Oct 19, 2017 10:08 am
Forum: Personal Consumer Issues
Topic: New mattress
Replies: 84
Views: 12271

Re: New mattress

I also have plans to purchase a memory foam style Queen mattress in the next couple weeks and assessing the brands Loom and Leaf, Amerisleep AS3, and also Tuft & Needle. The first two cost around $1000-$1200 and the Tuft & Needle is around $575 on Amazon. Reading lots of online reviews but still won...
by njdealguy
Thu Oct 12, 2017 11:32 am
Forum: Personal Consumer Issues
Topic: Is there boglehead consensus on buying a car?
Replies: 73
Views: 7492

Re: Is there boglehead consensus on buying a car?

My opinion: if you're buying something like civic, buy it new (or really old if you like a beater). I doesn't pay to buy a 2 year old civic or Accord because they hold a lot of their value. You don't know how the previous owner treated the car and to save a couple of thousand on a 20k plus car does...
by njdealguy
Tue Oct 10, 2017 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: Cheapest thing you ever heard of to save money
Replies: 34
Views: 3264

Re: Cheapest thing you ever heard of to save money

My grade school had a pay phone. Rather than spend a nickel to call mom/dad for a ride home (after some after-school or nighttime event), you would dial the number and let it ring once then hang up. Over the course of a school year, this saved about 25 cents. Guess this worked if your parents had c...
by njdealguy
Tue Oct 10, 2017 6:46 am
Forum: Personal Finance (Not Investing)
Topic: [Boglehead vs Mr Money Mustache philosophies]
Replies: 203
Views: 18823

Re: [Boglehead vs Mr Money Mustache philosophies]

Recently read a case study thread on MMM from someone who is 33 years old, with 400k+ per year income and investment savings of nearly 2MM (definitely on path to FI if not already), and a paid off 350k house, and yet was bashed by other members for spending close to $500 per month between himself an...
by njdealguy
Fri Sep 29, 2017 12:59 pm
Forum: Investing - Theory, News & General
Topic: 3 stages of Financial Independence
Replies: 63
Views: 9051

Re: 3 stages of Financial Independence

Never thought of categorizing varieties of FI in this way and really like the concept. Unlike websites like MMM that seem to rigidly define FI in only one way which is to save just enough to live like a college student for rest of life while having to quit work immediately and almost no tolerance fo...
by njdealguy
Tue Sep 12, 2017 11:00 pm
Forum: Personal Consumer Issues
Topic: Iphone X is $1000
Replies: 385
Views: 32247

Re: Iphone X is $1000

2 year contract works out to be about $1.37 per day for this Apple X phone. Water bill, on average, is about $1.39 per day for me. Cup of black coffee at the local coffee shop is $1.50 per day for me. Keeping my haircut works out, on average, to cost me $1.62 per day (based on 12 cuts per year incl...
by njdealguy
Wed Sep 06, 2017 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: When calculating net worth, how do you value your house?
Replies: 167
Views: 12850

Re: When calculating net worth, how do you value your house?

By this logic, are we still supposed to subtract a mortgage liability from net worth regardless of home value. So basically if live in a 500k home with 200k remaining on a mortgage and $1 million in other assets, the real net worth should be ($1 million - $200k) = $800k since the value of the home ...
by njdealguy
Wed Sep 06, 2017 11:42 am
Forum: Personal Finance (Not Investing)
Topic: When calculating net worth, how do you value your house?
Replies: 167
Views: 12850

Re: When calculating net worth, how do you value your house?

Respectfully, I disagreed. It is more useful for me not to include. As for others' opinion, they have not proven to me. Net worth has one meaning. You don't get to have your own definitions of words. Not if you want to communicate with other human beings. But don't try to change the meaning of "net...
by njdealguy
Wed Sep 06, 2017 11:24 am
Forum: Personal Finance (Not Investing)
Topic: When calculating net worth, how do you value your house?
Replies: 167
Views: 12850

Re: When calculating net worth, how do you value your house?

Respectfully, I disagreed. It is more useful for me not to include. As for others' opinion, they have not proven to me. Net worth has one meaning. You don't get to have your own definitions of words. Not if you want to communicate with other human beings. But don't try to change the meaning of "net...
by njdealguy
Wed Sep 06, 2017 11:12 am
Forum: Personal Finance (Not Investing)
Topic: When calculating net worth, how do you value your house?
Replies: 167
Views: 12850

Re: When calculating net worth, how do you value your house?

Respectfully, I disagreed. It is more useful for me not to include. As for others' opinion, they have not proven to me. Net worth has one meaning. You don't get to have your own definitions of words. Not if you want to communicate with other human beings. But don't try to change the meaning of "net...
by njdealguy
Wed Sep 06, 2017 9:52 am
Forum: Personal Finance (Not Investing)
Topic: How do you track expenses ?
Replies: 58
Views: 5020

Re: How do you track expenses ?

Use an app on my android phone called "Expense Tracker". Very simple and convenient to record expenses immediately as they are made at any given time. Also I have a monthly budget for how much "discretionary" expenses I'll allow myself every month and always track how much amount from that budget is...
by njdealguy
Wed Sep 06, 2017 9:21 am
Forum: Personal Finance (Not Investing)
Topic: When calculating net worth, how do you value your house?
Replies: 167
Views: 12850

Re: When calculating net worth, how do you value your house?

Why not count home in net worth. I've been reading different debates on this interesting topic on several threads from users such as Klangfool and just curious. What if person A has a paid off house worth $2 million along with $250k in other invested assets....while a person B doesnt own a house, is...
by njdealguy
Tue Sep 05, 2017 3:14 pm
Forum: Personal Consumer Issues
Topic: Wedding gift with Being in the Wedding
Replies: 14
Views: 1448

Re: Wedding gift with Being in the Wedding

I know its going bit off topic, but couldnt help it after noticing your $950 in travel expenses and would suggest if could use one of the travel "hacking" techniques to cut down that cost. If there is still some time left before the wedding, you could presumably apply for a travel rewards credit car...
by njdealguy
Thu Aug 17, 2017 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Can I get a Boglehead view of how we are doing?
Replies: 6
Views: 1357

Re: Can I get a Boglehead view of how we are doing?

Based on your post, assume that you have approximately 15 years before desired retirement. Is your wife still contributing to IRA or any 401k? Also you mention a pension offered by your employer. What percentage of your income would you expect can draw for that? We have very similar income and annua...
by njdealguy
Tue Aug 15, 2017 11:02 am
Forum: Personal Consumer Issues
Topic: What kind of hotel do you get on business travel?
Replies: 44
Views: 4440

Re: What kind of hotel do you get on business travel?

Due to stupid rigid corporate policies, I sometimes get forced to stay at basic hotels like Hilton Garden Inn/Courtyard/Doubletree even when hotels with caliber like Ritz/JW/Park Hyatt have cash rates for same amount or even cheaper than the basic hotels :o I'd much rather the latter even just for h...
by njdealguy
Tue Aug 15, 2017 9:27 am
Forum: Personal Finance (Not Investing)
Topic: Leasing a vehicle
Replies: 25
Views: 4539

Re: Leasing a vehicle

While its very debatable whether its a good idea to lease or not in the first place, a good website discussion forum I think is LeaseHackr where deals related to car leases are posted and discussed. Basically I believe a deal can be good if at least 10 years worth of payments equals the MSRP of the ...