Search found 90 matches

by FrugalConservative
Wed Sep 18, 2019 1:59 pm
Forum: Personal Consumer Issues
Topic: Anyonw driving Uber for fun and pocket money in retirement?
Replies: 89
Views: 7704

Re: Anyonw driving Uber for fun and pocket money in retirement?

When making a request for an Uber, you give your pickup point as well as your desired destination. So the driver knows in advance before accepting the task. Least of the issues driving for the ride share folks Mike Doesnt work that way, if that was the case short trips wouldn't occur as drivers wou...
by FrugalConservative
Wed Sep 18, 2019 11:19 am
Forum: Personal Consumer Issues
Topic: Anyonw driving Uber for fun and pocket money in retirement?
Replies: 89
Views: 7704

Re: Anyonw driving Uber for fun and pocket money in retirement?

When making a request for an Uber, you give your pickup point as well as your desired destination. So the driver knows in advance before accepting the task. Least of the issues driving for the ride share folks Mike Doesnt work that way, if that was the case short trips wouldn't occur as drivers wou...
by FrugalConservative
Wed Sep 18, 2019 11:02 am
Forum: Personal Consumer Issues
Topic: $2k repairs on $12K car
Replies: 68
Views: 3733

Re: $2k repairs on $12K car

That is all simple maintence items, nothing significant. I would without a doubt complete those and drive on. Skip the paint on the brakes or whatever snake oil they are selling there, that is rip off. Are you sure you even need brakes, or a new battery? Most of these items you can do yourself for a...
by FrugalConservative
Wed Sep 18, 2019 9:47 am
Forum: Personal Consumer Issues
Topic: Blue Apron for a sick friend?
Replies: 33
Views: 1538

Re: Blue Apron for a sick friend?

You are a good friend, but Blue Apron probably not the best idea.

Lots of good ideas above. Uber eats is a great idea.
by FrugalConservative
Tue Sep 17, 2019 3:37 pm
Forum: Personal Consumer Issues
Topic: Alternatives to Subaru Outback?
Replies: 58
Views: 3588

Re: Alternatives to Subaru Outback?

Honda Pilot
Toyota Highlander
by FrugalConservative
Tue Sep 17, 2019 3:11 pm
Forum: Personal Consumer Issues
Topic: Help! Bought new car and don't like it
Replies: 30
Views: 4838

Re: Help! Bought new car and don't like it

Why dont you want the car?

I'm assuming you researched and settled on it for a reason.
by FrugalConservative
Tue Sep 17, 2019 9:35 am
Forum: Personal Finance (Not Investing)
Topic: How do you spend money to gain time? (young family)
Replies: 117
Views: 6557

Re: How do you spend money to gain time? (young family)

Here is an earlier thread: https://www.bogleheads.org/forum/viewtopic.php?t=213662 and there are many more. I have tons of time because I don't worry what other people think about my clothes, my car, my yard, my house, my kids. I didn't even have to spend any money on not worrying. Example: Toddler...
by FrugalConservative
Mon Sep 16, 2019 12:07 pm
Forum: Personal Consumer Issues
Topic: Insurance Issues - suggestions?
Replies: 16
Views: 911

Re: Insurance Issues - suggestions?

Sorry you are going through this. I can't help unfortunately, but wanted to say dont give up.
by FrugalConservative
Mon Sep 16, 2019 9:35 am
Forum: Personal Finance (Not Investing)
Topic: Bay Area teacher saving half my income – why the doubt? (and asking more questions)
Replies: 466
Views: 20059

Re: Bay Area teacher saving half my income – why the doubt? (and asking more questions)

There is plenty to learn from this thread such as how important it is to understand one's options and the tax code. Understand what exactly? Other then IRA and 401K a great majority of people on this board and outside this board are unable to significantly reduce their tax burden. Lets say I work a...
by FrugalConservative
Mon Sep 16, 2019 9:21 am
Forum: Personal Finance (Not Investing)
Topic: Bay Area teacher saving half my income – why the doubt? (and asking more questions)
Replies: 466
Views: 20059

Re: Bay Area teacher saving half my income – why the doubt? (and asking more questions)

Bought at a good time and they dont have to save for retirement likes those that dont have a cushy pension. This is not the norm, so I take his situation with a grain of salt and chalk it up to luck and a pension. He also initially stated he saved 50% of his income, which obviously isnt the case at...
by FrugalConservative
Mon Sep 16, 2019 9:00 am
Forum: Personal Finance (Not Investing)
Topic: Bay Area teacher saving half my income – why the doubt? (and asking more questions)
Replies: 466
Views: 20059

Re: Bay Area teacher saving half my income – why the doubt? (and asking more questions)

Bought at a good time and they dont have to save for retirement likes those that dont have a cushy pension. This is not the norm, so I take his situation with a grain of salt and chalk it up to luck and a pension. He also initially stated he saved 50% of his income, which obviously isnt the case at ...
by FrugalConservative
Fri Sep 13, 2019 2:47 pm
Forum: Personal Consumer Issues
Topic: Best Leaf Blower?
Replies: 70
Views: 3747

Re: Best Leaf Blower?

Dan is misinformed. The latest generation of top-tier electric blowers are essentially on-par with gas blowers, with similar top air speed and often more volume than their gas counterparts. My Echo electric is better than my Makita gas blower in every way, and will last on a single charge for longe...
by FrugalConservative
Fri Sep 13, 2019 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Should we keep paying for this life insurance policy?
Replies: 18
Views: 1416

Re: Should we keep paying for this life insurance policy?

Ouch.

$118 ( more or less) a month since he was 37 years of a age for a measly 100K.

These types of products should be outlawed.
by FrugalConservative
Fri Sep 13, 2019 10:19 am
Forum: Personal Finance (Not Investing)
Topic: Prulife life insurance
Replies: 41
Views: 1933

Re: Prulife life insurance

Run, dont walk, from that garbage policy.
by FrugalConservative
Thu Sep 12, 2019 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area budget for $350k family income
Replies: 94
Views: 7026

Re: Bay Area budget for $350k family income

There was a post today by Sam Dogen, the financial samurai, on expenses breakdown for a family of four making $350k a year trying to live a "typical" middle class life in a VHCOL coastal city. https://www.cnbc.com/2019/09/11/you-need-to-make-350000-a-year-to-live-a-middle-class-lifestyle-today-here...
by FrugalConservative
Thu Sep 12, 2019 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area budget for $350k family income
Replies: 94
Views: 7026

Re: Bay Area budget for $350k family income

The issue here is clearly one of defining the term "middle-class lifestyle". The hypothetical family is living an upper-class lifestyle, but trying to 'convince themselves' that they are middle-class. $4200/year for a baby, $6000/y for 'entertainment' ($500/m buys a lot of Netflix), and $8000/y for...
by FrugalConservative
Thu Sep 12, 2019 2:12 pm
Forum: Personal Investments
Topic: Too Late To Get Back Into Stocks?
Replies: 115
Views: 9205

Re: Too Late To Get Back Into Stocks?

Good to finally see a real world example of a mom and pop investor.

Buy high, sell low. Sell low, buy high. Rinse repeat.
by FrugalConservative
Thu Sep 12, 2019 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance vs Permanent Life
Replies: 26
Views: 1558

Re: Term Life Insurance vs Permanent Life

Term 20. Done

Term 30 is significantly more expensive and for most, if not all, is not a viable option.
by FrugalConservative
Thu Sep 12, 2019 7:12 am
Forum: Personal Consumer Issues
Topic: Solar Install w/ SolarCity
Replies: 65
Views: 5485

Re: Solar Install w/ SolarCity

16 year payback ( would be higher if you didnt factor in the generator cost as well), $76K for the system.Seems like insanity to me.
by FrugalConservative
Thu Sep 12, 2019 7:11 am
Forum: Personal Consumer Issues
Topic: Solar Install w/ SolarCity
Replies: 65
Views: 5485

Re: Solar Install w/ SolarCity

delete
by FrugalConservative
Thu Sep 12, 2019 7:07 am
Forum: Personal Investments
Topic: Teenager wants to save...
Replies: 29
Views: 2002

Re: Teenager wants to save...

Prettyfrtnt wrote:
Wed Sep 11, 2019 9:24 pm
willthrill81 wrote:
Wed Sep 11, 2019 9:20 pm
Why not 100% stock? Your teen has a far longer life expectancy than Buffett or his wife.

The Bogleheads book is a great starting point.


90/10 I believe beats 100% stocks usually. When backtested.
No it doesnt.
by FrugalConservative
Wed Sep 11, 2019 9:59 am
Forum: Personal Investments
Topic: How to handle 529 with full scholarship
Replies: 13
Views: 1346

Re: How to handle 529 with full scholarship

Being accepted into West Point is an outstanding accomplish. Congrats
by FrugalConservative
Mon Sep 09, 2019 3:37 pm
Forum: Personal Consumer Issues
Topic: Anyone with any experience with Warby Parker eyeglasses?
Replies: 37
Views: 3387

Re: Anyone with any experience with Warby Parker eyeglasses?

I've used eyebuydirect ( they run BOGO once or twice a year) and Zenni. I prefer eyebuydirect. Quality frames and lenses. I find warby parker overpriced ( probably ddue to their large marketing budget/ physical locations). That being said, I will never buy glasses from a brick and mortar again, onli...
by FrugalConservative
Fri Sep 06, 2019 1:38 pm
Forum: Personal Consumer Issues
Topic: Did I commit a tipping faux pas?
Replies: 99
Views: 10803

Re: Did I commit a tipping faux pas?

I've being very surprised when it comes to how people react to tipping.

I've over tipped and have had the individuals not even say thank you.

Other times I've tipped what is par for the course and was given a thank you and handshake.

You did fine OP, dont let it keep you up at night!
by FrugalConservative
Thu Sep 05, 2019 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: Savings Percentage Calculation
Replies: 51
Views: 3001

Re: Savings Percentage Calculation

I do the rule of a third.

A third to the government (fed, local, propery, etc), a third to live (mortgage, food, kids stuff, etc) and a third to me ( taxable, ira, etc).
by FrugalConservative
Thu Sep 05, 2019 11:55 am
Forum: Personal Consumer Issues
Topic: First-hand experiences with United Basic Economy for families?
Replies: 180
Views: 7146

Re: First-hand experiences with United Basic Economy for families?

Willing to roll the dice on having your two young children sit next to complete strangers instead of paying a few hundred dollars, sound logical and acceptable to me. :oops: Dont count on them sitting your with your kids. At the end of the day you are being cheap and its pretty sad when kids are inv...
by FrugalConservative
Thu Sep 05, 2019 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Life Insurance -- Clueless and want to educate myself
Replies: 20
Views: 1301

Re: Life Insurance -- Clueless and want to educate myself

For what it's worth. At age 37, I purchased a 20 year term. I pay $965 a year for $2m via Principal.
by FrugalConservative
Thu Sep 05, 2019 8:45 am
Forum: Personal Finance (Not Investing)
Topic: Buy a house now or in the next 3 years?
Replies: 35
Views: 3728

Re: Buy a house now or in the next 3 years?

1mm home on a 270K salary in HCOL area with a kid and maybe another. HELL NO You are putting too much away into the 529 at the detriment to your own retirement. Those saying you are behind savings wise, aren't being fair. I think you are doing great job, but can always fine tune. At the end of the d...
by FrugalConservative
Thu Sep 05, 2019 8:07 am
Forum: Personal Finance (Not Investing)
Topic: Do you have disability insurance?
Replies: 37
Views: 1783

Re: Do you have disability insurance?

Yes. I have a private plan and work sponsored plan as well. I view the work sponsored plan as useless. Most if not all work sponsored plans are inadequate to say the least. If you are relying primarily on what your job provides for long term disability insurance I would rethink that. Most arent true...
by FrugalConservative
Fri Aug 30, 2019 12:16 pm
Forum: Personal Investments
Topic: Is our fixed income allocation too low?
Replies: 42
Views: 2274

Re: Is our fixed income allocation too low?

The bigger question is , why do you have such a high concentration in one stock ( Your bookvalue thinking doesnt really hold weight TBH)? I've studied Buffett and he is a legend, but I wouldnt feel comfortable with a significant chunk of my networth in one stock. We’ll just have to agree to disagre...
by FrugalConservative
Fri Aug 30, 2019 12:09 pm
Forum: Investing - Theory, News & General
Topic: Is now still a good time to buy VTSAX?
Replies: 45
Views: 3474

Re: Is now still a good time to buy VTSAX?

You’re saying you know you shouldn’t time the market but are asking whether you should do just that? :confused I'm saying that it's easier said than done to ignore all of the noise. As for market conditions, I'm talking about a decade plus bull market and a P/E ratio that is fairly high. Bull marke...
by FrugalConservative
Thu Aug 29, 2019 11:46 am
Forum: Personal Finance (Not Investing)
Topic: Educating Spouse on Personal Finance
Replies: 60
Views: 3732

Re: Educating Spouse on Personal Finance

I don't know what the answer is if your wife isn't interested like I wasn't. My 3 closest women friends are clueless about how to manage finances - their husbands take care of everything like mine did. I urge them to develop an interest and get educated so they don't have to learn the hard way like...
by FrugalConservative
Thu Aug 29, 2019 11:20 am
Forum: Personal Investments
Topic: Is our fixed income allocation too low?
Replies: 42
Views: 2274

Re: Is our fixed income allocation too low?

The bigger question is , why do you have such a high concentration in one stock ( Your bookvalue thinking doesnt really hold weight TBH)? I've studied Buffett and he is a legend, but I wouldnt feel comfortable with a significant chunk of my networth in one stock. We’ll just have to agree to disagre...
by FrugalConservative
Thu Aug 29, 2019 11:08 am
Forum: Personal Finance (Not Investing)
Topic: Pay off mortgage with sale of taxable account assets?
Replies: 87
Views: 4501

Re: Pay off mortgage with sale of taxable account assets?

I dont see the upside on paying off your mortgage other then piece of mind.
by FrugalConservative
Thu Aug 29, 2019 11:03 am
Forum: Personal Finance (Not Investing)
Topic: Should we let go of our Realtor and get a Real Estate Attorney?
Replies: 82
Views: 4196

Re: Should we let go of our Realtor and get a Real Estate Attorney?

If you give both realtors a chance to shave a point off and then you up your offer by a half percent and induce the buyer to come down a half percent, and the realtors won't bite, then I'd have no problem at all waiting out the clawback period and going in unrepresented. a) you couldn't come to ter...
by FrugalConservative
Thu Aug 29, 2019 10:57 am
Forum: Personal Investments
Topic: Is our fixed income allocation too low?
Replies: 42
Views: 2274

Re: Is our fixed income allocation too low?

The bigger question is , why do you have such a high concentration in one stock ( Your bookvalue thinking doesnt really hold weight TBH)?

I've studied Buffett and he is a legend, but I wouldnt feel comfortable with a significant chunk of my networth in one stock.
by FrugalConservative
Fri Aug 23, 2019 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: I spend no money so am I over-saving for retirement?
Replies: 54
Views: 5203

Re: I spend no money so am I over-saving for retirement?

I am in early 40s and married with one three year old. I live very frugally and spend almost no money on myself. Before I got married I saved 80% of my paycheck. Now maybe 50%. We have around 2-3 million in net worth. I do live comfortably. For example: Traveling - I do mostly for free via miles/po...
by FrugalConservative
Thu Aug 22, 2019 9:26 am
Forum: Investing - Theory, News & General
Topic: Why investment complexity is appealing and simplicity isn't
Replies: 65
Views: 3544

Re: Why investment complexity is appealing and simplicity isn't

I wish the rest of my life was as simple as my 3 fund investment philopshy! This is the part of live that we are focusing on now after having restructured our financial lives. We have made a serious push over the last decade (and lately a really hard and determined push) to declutter, clean, simpli...
by FrugalConservative
Thu Aug 22, 2019 9:26 am
Forum: Personal Investments
Topic: 401K bad investment choice...need help
Replies: 13
Views: 639

Re: 401K bad investment choice...need help

100% Vanguard Institutional 500 Index Trust hands down.
by FrugalConservative
Wed Aug 21, 2019 2:33 pm
Forum: Personal Investments
Topic: Overwhelmed by bond diversification strategies for young investor
Replies: 28
Views: 1219

Re: Overwhelmed by bond diversification strategies for young investor

I would go with a HY savings at your age.

I wouldnt even worry about bonds at the age 24 to be honest. 100% equity. You have 40 years till retirement, maybe sooner if you play your cards right.
by FrugalConservative
Wed Aug 21, 2019 12:27 pm
Forum: Investing - Theory, News & General
Topic: Why investment complexity is appealing and simplicity isn't
Replies: 65
Views: 3544

Re: Why investment complexity is appealing and simplicity isn't

I wish the rest of my life was as simple as my 3 fund investment philopshy!
by FrugalConservative
Tue Aug 20, 2019 3:27 pm
Forum: Personal Investments
Topic: [Newbie] Asking for input on my portfolio allocation
Replies: 3
Views: 194

Re: [Newbie] Asking for input on my portfolio allocation

Your bond fund should be a tax efficent (Roth IRA) account not a brokerage account.
by FrugalConservative
Tue Aug 20, 2019 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: Moving from Bay area, CA to Knoxville, TN
Replies: 98
Views: 6938

Re: Moving from Bay area, CA to Knoxville, TN

I think it's a bad idea. Financially I don't think it will work. If you look at your take-home pay, after tax, but including 401k contributions, the difference is about $20,530 per year in favor your current job, or about $1710 per month. (I used a total tax calculator for each state.) Can you cut ...
by FrugalConservative
Tue Aug 20, 2019 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Moving from Bay area, CA to Knoxville, TN
Replies: 98
Views: 6938

Re: Moving from Bay area, CA to Knoxville, TN

No brainer. Move.

High tax states are dying. The property tax load and unaffordable housing is driving many young and old away.

I'm considering moving from NY to NC. Only thing I will miss is my family.
by FrugalConservative
Tue Aug 20, 2019 8:02 am
Forum: Personal Finance (Not Investing)
Topic: Are we financially okay?
Replies: 64
Views: 8229

Re: Are we financially okay?

I never understood these questions, I find them quite disingenious.

You are worth 5mm and you are asking if you are okay financial?

OP, Do you not see an issue with that ?
by FrugalConservative
Thu Aug 15, 2019 8:26 am
Forum: Personal Investments
Topic: Three fund portfolio
Replies: 13
Views: 1586

Re: Three fund portfolio

Invest the 100K over 12 months.

Stick to three funds.

Done
by FrugalConservative
Tue Aug 13, 2019 2:12 pm
Forum: Personal Consumer Issues
Topic: Critique my exercise routine because it's not working for me
Replies: 160
Views: 8926

Re: Critique my exercise routine because it's not working for me

Losing weight is almost entirely driven by diet. My opinion would go against popular belief here in this thread. From many years of tweaking diets and working out, I realize that the best route is building muscle. This works for both men and women. Not only building up muscle allows you to have mor...
by FrugalConservative
Tue Aug 13, 2019 2:10 pm
Forum: Personal Consumer Issues
Topic: Critique my exercise routine because it's not working for me
Replies: 160
Views: 8926

Re: Critique my exercise routine because it's not working for me

You are not doing nearly enough free weight training. I'm taking a guess here but you arent dieting corretly. Cardio ( for weightloss) for the most party is worthless unless it is combined with a correct diet. Think about it. Run a mile you burn 100-150 calories. Run three miles which takes the aver...
by FrugalConservative
Fri Aug 02, 2019 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: Buying $20k worth of mortgage points.
Replies: 47
Views: 3467

Re: Buying $20k worth of mortgage points.

NEVER PAY POINTS.

The 10yr is down to 1.847 , why pay 20K when rates are so low to begin with?