Search found 1081 matches

by chevca
Sun Feb 25, 2018 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: Small Personal Loans for Mixed Martial Arts Training
Replies: 29
Views: 1975

Re: Small Personal Loans for Mixed Martial Arts Training

UPDATE: I appreciate everyone's responses. I understand emotions run hot on frivolous debt. I am keenly aware how Dave Ramsey would react. I also see value in educating myself, and MMA practitioners would consider the martial arts as valuable, if not more, than a college degree for the lifelong sen...
by chevca
Sat Feb 24, 2018 4:27 pm
Forum: Personal Consumer Issues
Topic: How Far is too Far, Commuting?
Replies: 61
Views: 2928

Re: How Far is too Far, Commuting?

57 miles each way for me. I work odd hours, so I miss traffic most of the time and it takes about an hour. I don't mind it too much those days. When I do hit some though.. accident, or Friday and everyone heading out of town... it can be 2 plus hours. I would rather drive off a cliff then... at leas...
by chevca
Sat Feb 24, 2018 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: # X Gross = Home price?
Replies: 50
Views: 2574

Re: # X Gross = Home price?

I'd say 3x at the highest. Although, the down payment can change things. I think 3x for a mortgage amount is the highest. That's pushing it too.

Unless you have a large down payment, I'd say 5.5x is too much.
by chevca
Sat Feb 24, 2018 12:55 pm
Forum: Personal Consumer Issues
Topic: Ethics of selling a used car
Replies: 43
Views: 2331

Re: Ethics of selling a used car

Are the ethics of selling a used car really being questioned? :happy Even used car dealers can have questionable ethics. The range of ethics among private used car sale... who knows how wide that could be... My thoughts would be, as long as your not hiding a major safety issue that could get someone...
by chevca
Sat Feb 24, 2018 7:46 am
Forum: Personal Finance (Not Investing)
Topic: Need Review Help-New Home buy situation -first time thread
Replies: 10
Views: 575

Re: Need Review Help-New Home buy situation -first time thread

You can afford it. If you can still save $2500/month, I'd say you're doing well. If the spouse goes back to work in a few years, that would only help things affordability wise. If it's what you guys really want, go for it.
by chevca
Sat Feb 24, 2018 7:30 am
Forum: Personal Finance (Not Investing)
Topic: Choosing a mortgage, plan to pay off ~7-10 years.
Replies: 6
Views: 755

Re: Choosing a mortgage, plan to pay off ~7-10 years.

Which of these loans would result in the lowest interest and fees paid over a 7-10 year period (we plan to pay off house by then -- so making extra payments no matter which mortgage we choose)? The one with the lowest interest rate and closing costs. :wink: If you will be paying the loan off as agg...
by chevca
Sat Feb 24, 2018 7:23 am
Forum: Personal Finance (Not Investing)
Topic: Defining "House Poor"
Replies: 152
Views: 7001

Re: Defining "House Poor"

That's called being upside down on your home, owing more than it's worth. I would say defining house poor is like defining net worth around here. As many members as we have on Bogleheads, there are probably that many definitions. Then of course, there are Klang's rules and definitions, which rule ab...
by chevca
Sat Feb 24, 2018 7:17 am
Forum: Personal Finance (Not Investing)
Topic: Small Personal Loans for Mixed Martial Arts Training
Replies: 29
Views: 1975

Re: Small Personal Loans for Mixed Martial Arts Training

UPDATE: I appreciate everyone's responses. I understand emotions run hot on frivolous debt. I am keenly aware how Dave Ramsey would react. I also see value in educating myself, and MMA practitioners would consider the martial arts as valuable, if not more, than a college degree for the lifelong sen...
by chevca
Sat Feb 24, 2018 7:07 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage or Home Equity loan to pay off balloon loan?
Replies: 15
Views: 541

Re: Mortgage or Home Equity loan to pay off balloon loan?

That was my first thought too, how could they possibly be comfortable with a $2500/month payment??? What about a plain old 30 year fixed mortgage? That gives them the lowest monthly payment, and having a mortgage in their 70's, it doesn't seem they're concerned with a paid off home, so... I doubt th...
by chevca
Fri Feb 23, 2018 7:18 am
Forum: Personal Finance (Not Investing)
Topic: How am I really doing for retirement savings?
Replies: 45
Views: 4092

Re: How am I really doing for retirement savings?

For those not familiar with the OP, if you want some good reading, go back and check out his prior threads...
by chevca
Fri Feb 23, 2018 7:13 am
Forum: Personal Finance (Not Investing)
Topic: Do you rent even if you can afford to buy?
Replies: 66
Views: 5487

Re: Do you rent even if you can afford to buy?

Then why did you say, homeowners expenses include..... and then say, not so renting?? :wink:
by chevca
Fri Feb 23, 2018 7:09 am
Forum: Personal Finance (Not Investing)
Topic: Small Personal Loans for Mixed Martial Arts Training
Replies: 29
Views: 1975

Re: Small Personal Loans for Mixed Martial Arts Training

First things first... do you have a job?
by chevca
Thu Feb 22, 2018 5:53 pm
Forum: Investing - Help with Personal Investments
Topic: What to do when no Admiral shares? Expense Ratio (Total World)
Replies: 20
Views: 1576

Re: What to do when no Admiral shares? Expense Ratio (Total World)

Yes, a .21 ER is still low in the investing world.

If ER is the main concern, you could likely do better than either with a TSM or S&P 500 fund and Total International combo. Are those available to you?
by chevca
Thu Feb 22, 2018 5:48 pm
Forum: Personal Finance (Not Investing)
Topic: Would you pay off this debt?
Replies: 60
Views: 2135

Re: Would you pay off this debt?

Paying $533/month on an 8 year old car with 85k miles on it would make me vomit each month when the payment was due. Granted there's not much interest left to pay on it with the low rate and low balance, but having a payment at all on that..... pay it off tomorrow, IMO.
by chevca
Thu Feb 22, 2018 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: Is a prenup required to establish a list of separate property before marriage?
Replies: 67
Views: 2255

Re: Is a prenup required to establish a list of separate property before marriage?

Get a pre-nup. The $1000 is nothing compared to what it might cost to fight out a divorce battle hashing out what is what someday... that could likely be avoided with a pre-nup... This is the issue with prenups. Everyone wants a clean out if the relationship "deteriorates". Our society wants to mak...
by chevca
Thu Feb 22, 2018 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: Would you pay off this debt?
Replies: 60
Views: 2135

Re: Would you pay off this debt?

" I'd really like to eliminate the debt I have. It would allow me to sleep easier at night " Sounds like a no brainer to me :mrgreen: Once done, You won't believe the "options" that open up in your life. Believe Me. :happy A point being overlooked as numbers get thrown around. OP, what's more impor...
by chevca
Thu Feb 22, 2018 11:49 am
Forum: Personal Finance (Not Investing)
Topic: Military FIRE; 7 years to go & losing motivation--HELP!
Replies: 34
Views: 2806

Re: Military FIRE; 7 years to go & losing motivation--HELP!

What's your MOS and what would that qualify/transfer to in the civilian world? What would you do if you got out? I see the 'Night Stalkers' patch there. Have you thought about Warrant Officer training and becoming a pilot? I did active time and then went Reserves for a while. I got to the 10 year ma...
by chevca
Thu Feb 22, 2018 11:27 am
Forum: Personal Finance (Not Investing)
Topic: Pay cash or get mortgage for 2nd home?
Replies: 11
Views: 831

Re: Buying a winter home - Pay cash or get 30 year mortgage?

What would make you more comfortable? We need much more info to get a complete picture. But, if your need and expenses are met by other income or investments, it might simply come down to what would you be more comfortable with... debt free, or a mortgage payment.
by chevca
Thu Feb 22, 2018 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Would you pay off this debt?
Replies: 60
Views: 2135

Re: Would you pay off this debt?

Another way to think about this... you pay off the debt from low interest earning accounts/assets and free up $2000/month to contribute to the HSA, tax advantaged, taxable, or wherever....
by chevca
Thu Feb 22, 2018 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Is a prenup required to establish a list of separate property before marriage?
Replies: 67
Views: 2255

Re: Is a prenup required to establish a list of separate property before marriage?

Do you mean community property state? Every state except Louisiana is based on common law. Actually, there are nine states.... https://www.legalzoom.com/articles/do-you-live-in-a-community-property-state This just came up in another thread. I was surprised to learn there are 9 community property st...
by chevca
Thu Feb 22, 2018 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Is a prenup required to establish a list of separate property before marriage?
Replies: 67
Views: 2255

Re: Is a prenup required to establish a list of separate property before marriage?

That would make it difficult if she's not agreeable to paying for it. I would go at it from the angle of, what you guys want now might not be what you want later in the event of a divorce... it's a pretty low cost for a safety net. How much are we talking in assets for each, if you don't mind sharin...
by chevca
Thu Feb 22, 2018 10:40 am
Forum: Personal Finance (Not Investing)
Topic: Would you pay off this debt?
Replies: 60
Views: 2135

Re: Would you pay off this debt?

How would you pay this off? Out of taxable... capital gains... or do you have a pile of cash? If there's not a big tax hit to do so, I'd pay the debts off to free up the cash flow and simplify. Even itemizing, you're not paying much yearly interest on a $94k balance. How much of a benefit is that t...
by chevca
Thu Feb 22, 2018 10:35 am
Forum: Personal Finance (Not Investing)
Topic: Is a prenup required to establish a list of separate property before marriage?
Replies: 67
Views: 2255

Re: Is a prenup required to establish a list of separate property before marriage?

In the event a divorce happened, as long as you both agree to who gets what and what was pre-marital all would be fine. If one of you got greedy and wanted more, what would be there for the courts to enforce? If you're both willing to to a pre-nup and the only reason not to is you don't want to spen...
by chevca
Thu Feb 22, 2018 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Would you pay off this debt?
Replies: 60
Views: 2135

Re: Would you pay off this debt?

How would you pay this off? Out of taxable... capital gains... or do you have a pile of cash? If there's not a big tax hit to do so, I'd pay the debts off to free up the cash flow and simplify. Even itemizing, you're not paying much yearly interest on a $94k balance. How much of a benefit is that to...
by chevca
Thu Feb 22, 2018 10:19 am
Forum: Personal Finance (Not Investing)
Topic: Pay off car debt or invest??
Replies: 24
Views: 1024

Re: Pay off car debt or invest??

I like the move to pay it off. I also agree with advice above about after paying it off to up your 401k contributions since you will no longer have a car payment.

Good job getting this all straightened out at a young age!
by chevca
Thu Feb 22, 2018 10:10 am
Forum: Personal Finance (Not Investing)
Topic: Do you rent even if you can afford to buy?
Replies: 66
Views: 5487

Re: Do you rent even if you can afford to buy?

It's apples to oranges. Homeowner expenses include repairs and maintenance. Not so renting. Examples: replacing our roof cost $8,000, pest control is about $800 per year. You'll have to pay to replace the dead refrigerator, broken dishwasher, and malfunctioning air conditioner. Crack open the walle...
by chevca
Thu Feb 22, 2018 9:48 am
Forum: Personal Finance (Not Investing)
Topic: Paying off $372000 mortgage in 12 months
Replies: 43
Views: 6236

Re: Paying off $372000 mortgage in 12 months

Nope, over $150k income/AGI there's no deductions allowed. Say what? My AGI is over that and I just had about $35k in deductions including $11k mortgage interest. Are you talking about rental property mortgages specifically or something? Not sure about those. Yes, I was talking about rental propert...
by chevca
Wed Feb 21, 2018 11:26 am
Forum: Personal Finance (Not Investing)
Topic: Need an education on Rental Insurance
Replies: 14
Views: 557

Re: Need an education on Insurance

So, it's not really a business or commercial property like the other quote. I would think it would be like any other rental home then where folks live and stay there. It would seem that way to me at least. Seems the other quote for a business/commercial property may be thinking the wrong way on how ...
by chevca
Wed Feb 21, 2018 11:23 am
Forum: Personal Consumer Issues
Topic: Mixing fuel octanes for cars
Replies: 57
Views: 3517

Re: Mixing fuel octanes for cars

Also why I believe the recommended fuel would be 91 and not 93... It's been a while since I lived in Denver, but IIRC they have lower octane fuels there. So, the owners manual covers all the US fuels even though some have 91 premium and some have 93. Why make two manuals, right?
by chevca
Wed Feb 21, 2018 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Need an education on Rental Insurance
Replies: 14
Views: 557

Re: Need an education on Insurance

Clarify this one for us. Is this a house the non-profit uses as an office building, or a house the non-profit uses to let people live in?
by chevca
Wed Feb 21, 2018 11:09 am
Forum: Personal Finance (Not Investing)
Topic: How am I really doing for retirement savings?
Replies: 45
Views: 4092

Re: How am I really doing for retirement savings?

I'm sure this will get deleted, but I've noticed a trend with all of your threads: you are constantly seeking validation from others (or constantly making humblebrags). You are doing fantastic, no need to keep asking. All of my threads are sincere. I have a lot of financial insecurity and yes I see...
by chevca
Wed Feb 21, 2018 11:03 am
Forum: Personal Consumer Issues
Topic: Mixing fuel octanes for cars
Replies: 57
Views: 3517

Re: Mixing fuel octanes for cars

Fuel with more energy, as in 91 or 93 octane compared to 87 or 89 octane, contains more energy and required less fuel to create the same explosive energy inside the cylinder. You are close to being correct, but octane has nothing to do with energy content. A higher octane rating means that the fuel...
by chevca
Wed Feb 21, 2018 10:55 am
Forum: Personal Finance (Not Investing)
Topic: Need an education on Rental Insurance
Replies: 14
Views: 557

Re: Need an education on Insurance

What would your quote be with a $1000 deductible and what would bros quote be with a $2500 deductible? That's a difference I see between the quotes and they might be closer together with the same deductible on each. If you have other rentals, you should know about how to insure them, yes? I'm not su...
by chevca
Wed Feb 21, 2018 10:43 am
Forum: Personal Finance (Not Investing)
Topic: Giving up on first home
Replies: 43
Views: 4276

Re: Giving up on first home

I would love to pay other people to do them. How is that done typically? On a large property I can imagine spending all of my time just hiring, coordinating, and managing various contractors. Plus dealing with neighbors, HOA, government entities, lawyers, etc. What exactly do you think you will hav...
by chevca
Wed Feb 21, 2018 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Paying off $372000 mortgage in 12 months
Replies: 43
Views: 6236

Re: Paying off $372000 mortgage in 12 months

If they're pulling in $30k plus per month, they don't get to use the mortgage interest deduction. They're over the income limit for that.... way over it. What income limit? Mortgage interest is capped based on the size of the mortgage (or HELOC). That's for one's primary home. There is an income li...
by chevca
Wed Feb 21, 2018 10:28 am
Forum: Investing - Theory, News & General
Topic: A Case for Higher Int'l Allocation? Larry Swedroe article on home bias
Replies: 113
Views: 7484

Re: A Case for Higher Int'l Allocation? Larry Swedroe article on home bias

Admittedly, I don't have any data to support my claim, but I believe the U.S. being the top country in terms of dollar returns is a fallacy. I don't think the U.S. generated greater dollar returns than any country over each and every period. It's so far fetched that the onus of proof should really ...
by chevca
Tue Feb 20, 2018 5:29 pm
Forum: Investing - Theory, News & General
Topic: A Case for Higher Int'l Allocation? Larry Swedroe article on home bias
Replies: 113
Views: 7484

Re: A Case for Higher Int'l Allocation? Larry Swedroe article on home bias

Admittedly, I don't have any data to support my claim, but I believe the U.S. being the top country in terms of dollar returns is a fallacy. I don't think the U.S. generated greater dollar returns than any country over each and every period. It's so far fetched that the onus of proof should really ...
by chevca
Tue Feb 20, 2018 1:04 pm
Forum: Investing - Help with Personal Investments
Topic: 457b deferred comp proposal
Replies: 4
Views: 393

Re: 457b deferred comp proposal

Those are great ERs actually! No offense, but to be honest, with the savings rate of $25/pay period, it doesn't really matter what you choose or the AA. I'd simply throw it all in the S&P 500 fund and call it good. If you can up the contributions later, or when the balance gets a good bit higher, yo...
by chevca
Tue Feb 20, 2018 8:19 am
Forum: Investing - Help with Personal Investments
Topic: Where to park 800K cash
Replies: 7
Views: 2057

Re: Where to park 800K cash

A limited term tax exempt bond fund, maybe?
by chevca
Tue Feb 20, 2018 8:09 am
Forum: Personal Consumer Issues
Topic: New Seattle travel suggestions request
Replies: 10
Views: 681

Re: New Seattle travel suggestions request

One suggestion is don't stay near the airport. It's a little ways from Seattle and it's pretty gross around there, IMO. I prefer the east side by Woodinville where you will be eventually. Just more my style. I would probably get a rental car and just base out of there. But, staying in Seattle and ca...
by chevca
Tue Feb 20, 2018 8:00 am
Forum: Personal Finance (Not Investing)
Topic: Paying off $372000 mortgage in 12 months
Replies: 43
Views: 6236

Re: Paying off $372000 mortgage in 12 months

Nope, over $150k income/AGI there's no deductions allowed.

Although, they are deferred or delayed. But, can't be used each year.
by chevca
Tue Feb 20, 2018 7:55 am
Forum: Personal Finance (Not Investing)
Topic: How to admit/should I admit alcohol problem to employer
Replies: 115
Views: 21796

Re: How to admit/should I admit alcohol problem to employer

Oops, my bad for not reading the thread. :oops: I just saw the date and thought, huh?
by chevca
Tue Feb 20, 2018 7:46 am
Forum: Personal Finance (Not Investing)
Topic: Paying off $372000 mortgage in 12 months
Replies: 43
Views: 6236

Re: Paying off $372000 mortgage in 12 months

If they're pulling in $30k plus per month, they don't get to use the mortgage interest deduction. They're over the income limit for that.... way over it. If this is a rental property, I see no point in throwing every extra dollar at it though. If someone else, the renter, is paying the mortgage and ...
by chevca
Tue Feb 20, 2018 7:40 am
Forum: Personal Finance (Not Investing)
Topic: How to admit/should I admit alcohol problem to employer
Replies: 115
Views: 21796

Re: How to admit/should I admit alcohol problem to employer

It's a 4 year old thread and the OP has 10 posts total. Do you think they're still hanging around on the forum??? Why dig this up???
by chevca
Mon Feb 19, 2018 8:40 am
Forum: Personal Finance (Not Investing)
Topic: Paying off $372000 mortgage in 12 months
Replies: 43
Views: 6236

Re: Paying off $372000 mortgage in 12 months

Do you have $30k extra per month to throw at it? If so, wow! If you got bit by the get-rid-of-debt bug, I assume that is because you don't want to pay someone else interest? If so, the sooner you can throw extra at it the better. If you really have that kind of monthly income, I'd just pay it down a...
by chevca
Mon Feb 19, 2018 8:22 am
Forum: Investing - Help with Personal Investments
Topic: Helping Mother-in-law: any potential for $ win-win?
Replies: 5
Views: 1122

Re: Helping Mother-in-law: any potential for $ win-win?

Is there any way to turn this into a good financial situation for everyone involved? I don't really see one. I'd say she and bro need to sell, she takes her part, downsizes, and gets a place of her own, and you venture into RE on your own. Too much mixing of family, housing, and finances otherwise,...
by chevca
Sun Feb 18, 2018 6:55 pm
Forum: Investing - Help with Personal Investments
Topic: I reduced my exposure to US stocks before the correction.
Replies: 39
Views: 3955

Re: I reduced my exposure to US stocks before the correction.

so -- new to bond vs stock AA. is the point of the bond AA so that you can reallocate back to stocks when there is actually a correction? for example.. if you are 90/10 stocks and you anticipate downward movement, maybe you go 60/40 stocks. now, as that move down in equities happen, the dollar valu...
by chevca
Sun Feb 18, 2018 5:22 pm
Forum: Investing - Help with Personal Investments
Topic: I reduced my exposure to US stocks before the correction.
Replies: 39
Views: 3955

Re: I reduced my exposure to US stocks before the correction.

so -- new to bond vs stock AA. is the point of the bond AA so that you can reallocate back to stocks when there is actually a correction? for example.. if you are 90/10 stocks and you anticipate downward movement, maybe you go 60/40 stocks. now, as that move down in equities happen, the dollar valu...
by chevca
Sun Feb 18, 2018 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: Emergency costs
Replies: 22
Views: 1348

Re: Emergency costs

Some of the things folks have brought up in recent EF threads that get called emergencies, I would call catastrophic. I sure must have a different idea of what an EF is for?? :confused