Search found 512 matches

by Olemiss540
Fri Jul 20, 2018 7:36 am
Forum: Personal Finance (Not Investing)
Topic: Buying A New House - Looking for Suggestions
Replies: 8
Views: 1009

Re: Buying A New House - Looking for Suggestions

Sorry if I missed it, but how much liquid CASH do you have for this home purchase/home sale transaction? Definately agree to RENT while home shopping. TAKE YOUR TIME, as this is the largest purchase of your lives and can have the biggest negative impacts on your financial futures if you make a mista...
by Olemiss540
Sun Jul 15, 2018 5:20 pm
Forum: Investing - Help with Personal Investments
Topic: Abundance came late, now I'm overwhelmed playing catch up
Replies: 26
Views: 4469

Re: Abundance came late, now I'm overwhelmed playing catch up

SLOW DOWN! STOP! DON'T JUST DO SOMETHING, STAND THERE! You have accumulated 300k over your life. Congrats. What you do over the next 3-6 months will make ZERO appreciable difference in the outcome, so I STRONGLY recommend you sit in cash/CDs for the next 6 months while you educate yourself and your...
by Olemiss540
Sun Jul 15, 2018 9:05 am
Forum: Investing - Help with Personal Investments
Topic: Abundance came late, now I'm overwhelmed playing catch up
Replies: 26
Views: 4469

Re: Abundance came late, now I'm overwhelmed playing catch up

SLOW DOWN! STOP! DON'T JUST DO SOMETHING, STAND THERE! You have accumulated 300k over your life. Congrats. What you do over the next 3-6 months will make ZERO appreciable difference in the outcome, so I STRONGLY recommend you sit in cash/CDs for the next 6 months while you educate yourself and your ...
by Olemiss540
Fri Jul 13, 2018 5:28 pm
Forum: Personal Consumer Issues
Topic: When does frugal cross the line to cheapskate?
Replies: 136
Views: 10005

Re: When does frugal cross the line to cheapskate?

When she ate at a restaurant, my ex-MIL would order water with ice and extra lemon, then she would squeeze the lemons into the water and add sugar from the sugar packets on the table and make what I would refer to as "cheapskate lemonade." I think that crosses the line to cheap and it always embarr...
by Olemiss540
Fri Jul 13, 2018 5:18 pm
Forum: Personal Finance (Not Investing)
Topic: Would you trade experiences in your youth for early retirement
Replies: 81
Views: 5503

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

Really, the "American Dream" is about new Ford Expeditions, fancy gated neighborhoods, nice furniture, and expensive electronics. You don't need to pay a lot for "experiences", many life long memories I have were amazingly cheap. The question is why do you try to justify spending through internal mo...
by Olemiss540
Mon Jul 09, 2018 6:29 pm
Forum: Personal Finance (Not Investing)
Topic: A little guidance welcomed
Replies: 16
Views: 841

Re: A little guidance welcomed

Strongly consider a budgeting software like YNAB. I would immediately wipe out the CC deficit with my emergency funds and spend the next year getting the emergency fund up to 25 or 30k. No more wine at auctions :beer You don't need to do as good as the Jones'on here, just have to have the patience t...
by Olemiss540
Sat Jul 07, 2018 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: How to "retire" in your 30's article
Replies: 110
Views: 14844

Re: How to "retire" in your 30's article

Mods should just lock this thread. Nothing actionable at this point and turning into every other forum on the internet with quipping/whining/complaining. Since you have the whining and complaining down, I will jump in for the quip before the lock! I think people get worried about these FI bloggers ...
by Olemiss540
Sat Jul 07, 2018 4:38 pm
Forum: Personal Consumer Issues
Topic: That Extravagant Thing You Do
Replies: 245
Views: 49738

Re: The Spend More Thread

Race car
Relocating to beach town for a year
Going to NYC and Turks in next 60 days

Going to Mexican tonight to treat the twins!
Meet my savings goals then spend the rest before my wife does.
by Olemiss540
Sat Jul 07, 2018 4:07 pm
Forum: Personal Consumer Issues
Topic: Just purchased the new 2018 Jeep Wrangler
Replies: 12
Views: 1293

Re: Just purchased the new 2018 Jeep Wrangler

Wish we could get a pic! Want one and have since I was 16, but not versatile enough to justify and rather a track car than a trail car.

Congrats on the purchase! Hold their resell well that's for sure..
by Olemiss540
Sat Jul 07, 2018 4:04 pm
Forum: Personal Consumer Issues
Topic: Tipping at non sit down places
Replies: 94
Views: 8169

Re: Tipping at non sit down places

I knew that any server in that state would know the message I was sending: "I've waited tables myself and you stunk. But I'm NOT going to make YOU pay for the fact that I chose to dine here." Then shouldn't you have tipped 12% of 9.5%? I personally tip at frequented local restaurants on takeout ser...
by Olemiss540
Thu Jul 05, 2018 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off my car or trade in on new?
Replies: 36
Views: 1798

Re: Pay off my car or trade in on new?

I enjoy fun cars as well, but living in LA there's not much point to have a fun commuter. Driving a slow car fast > driving a fast car slow. +1000 Thats why I don't bother with newer cars for my fun car...my M3 is a 98 and is a blast to drive because you can push it to its limits in the canyons wit...
by Olemiss540
Thu Jul 05, 2018 2:35 pm
Forum: Personal Consumer Issues
Topic: Multi-unit garbage woes..
Replies: 20
Views: 1577

Re: Multi-unit garbage woes..

Could they implement a cheap keycode lock or otherwise secure the trash dumpster? I would think the landlord would be receptive to keep their waste costs down.
by Olemiss540
Thu Jul 05, 2018 2:31 pm
Forum: Personal Consumer Issues
Topic: Party for 30
Replies: 15
Views: 1743

Re: Party for 30

We usually stick to two go-to's:

1.) Tray of baked rigatoni with side trays of meatballs and sausages from local italian eatery
2.) Food truck (we usually book BBQ truck)
by Olemiss540
Wed Jul 04, 2018 7:05 am
Forum: Investing - Help with Personal Investments
Topic: 33 year old- How am I doing?
Replies: 22
Views: 2198

Re: 33 year old- How am I doing?

Your progress can not be measured without goals to measure them against. What is your family's goals with regards to savings? When do you both want to retire? What is your marginal tax rate (including fed and state taxes)? Have you ever done your own taxes to see the effect of the marginal dollar on...
by Olemiss540
Sun Jul 01, 2018 8:27 am
Forum: Personal Finance (Not Investing)
Topic: What are your property taxes?
Replies: 212
Views: 13518

Re: What are your property taxes?

I rent, so property taxes = $0. A bit like saying "my monthly mortgage payment includes an escrow payment that covers tax and insurance so my property tax = $0" Except in one scenario the property taxes are paid by me, and the other they are not. Pretty much the same though. This thread seems kind ...
by Olemiss540
Sun Jul 01, 2018 7:31 am
Forum: Personal Finance (Not Investing)
Topic: What are your property taxes?
Replies: 212
Views: 13518

Re: What are your property taxes?

I rent, so property taxes = $0.
by Olemiss540
Sat Jun 30, 2018 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: $1 million house--- sanity check
Replies: 101
Views: 11634

Re: $1 million house--- sanity check

Do it! For folks not living on the west coast (I live in Seattle), a million dollar house is pretty ordinary for those in the top 5% and likely to continue to get more expensive. Enjoy your life and (future) kids! I clarified that statement. This is why some folks come on Bogleheads and don't come ...
by Olemiss540
Wed Jun 27, 2018 1:00 pm
Forum: Investing - Help with Personal Investments
Topic: Advice on Saving For House Downpayment
Replies: 10
Views: 625

Re: Advice on Saving For House Downpayment

1.) KISS when it comes to trying to eek out an additional .5% from short term savings (and taking additional risk commiserate). Just leave the prime fund be and continue to plow down payment funds into it. 2.) What is you combined federal and state marginal rate? With a 400-500k house, I would plan ...
by Olemiss540
Wed Jun 27, 2018 9:49 am
Forum: Personal Finance (Not Investing)
Topic: Lost out on promotion
Replies: 104
Views: 10590

Re: Lost out on promotion

Can I go tell my boss that I feel used? He had already made up his mind about hiring Carlos. He used me to show to his colleagues that Carlos was chosen amongst multiple applicants. It was a sham interview. He said my interview went really well and my technical skills are unmatched, but he hasn't s...
by Olemiss540
Fri Jun 22, 2018 10:12 am
Forum: Personal Finance (Not Investing)
Topic: What do you include in your grocery budget?
Replies: 36
Views: 1772

Re: What do you include in your grocery budget?

Anything bought at grocery store for us counts as "grocery" budget. I usually subtract out make-up and condoms tho and put them in personal care category. condoms could go into "cheaper than kids" category I guess. Your condom budget is big enough to break out from your groceries? ^ guy *sexs*
by Olemiss540
Thu Jun 21, 2018 7:45 pm
Forum: Personal Consumer Issues
Topic: Boglehead guilt with buying a car - Volvo vs Toyota Highlander
Replies: 69
Views: 4650

Re: Boglehead guilt with buying a car - Volvo vs Toyota Highlander

2 year old Lexus. I do like the look of the new highlander tho!
by Olemiss540
Thu Jun 21, 2018 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: What is/ was your career and would you recommend it now?
Replies: 345
Views: 33711

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

I honestly believe that going into a trade like plumbing will be more lucrative and stable than engineering. It's one of the jobs that can't be outsourced. Civil Engineers will never be outsourced to another country. There are too many local, state, and federal regulations, codes, standards, requir...
by Olemiss540
Thu Jun 21, 2018 7:55 am
Forum: Personal Finance (Not Investing)
Topic: Is the first 100k really the hardest?
Replies: 156
Views: 43478

Re: Is the first 100k really the hardest?

Topic-starter mentioned that he reached $100.000 in investments before reaching a $100.000 net worth. I'm a Dave Ramsey-fan and balk at the idea. Am I alone in that? I thought an emergency fund is common practice here? I don't have an emergency fund. Many here do, but I wouldn't categorize it as "c...
by Olemiss540
Wed Jun 20, 2018 6:18 pm
Forum: Investing - Help with Personal Investments
Topic: 401k Roll Over Into TIRA or ROTH IRA?
Replies: 10
Views: 640

Re: 401k Roll Over Into TIRA or ROTH IRA?

You can go ahead and roll the entire balance to a TIRA at Vanguard and Roth convert some of it towards the end of the year when you have a good grasp on your marginal rate. No need to make a guess now and rush a decision that could cost you thousands.

*not a tax advisor so definitely do your own HW.
by Olemiss540
Wed Jun 20, 2018 6:14 pm
Forum: Personal Finance (Not Investing)
Topic: Is the first 100k really the hardest?
Replies: 156
Views: 43478

Re: Is the first 100k really the hardest?

Topic-starter mentioned that he reached $100.000 in investments before reaching a $100.000 net worth. I'm a Dave Ramsey-fan and balk at the idea. Am I alone in that? I thought an emergency fund is common practice here? I don't have an emergency fund. Many here do, but I wouldn't categorize it as "c...
by Olemiss540
Tue Jun 19, 2018 7:25 am
Forum: Investing - Help with Personal Investments
Topic: Shorting Amazon
Replies: 44
Views: 4518

Re: Shorting Amazon

r/wallstreetbets

I got u fam.
by Olemiss540
Sun Jun 17, 2018 8:14 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab Independent Franchise
Replies: 25
Views: 1842

Re: Schwab Independent Franchise

Personally, I think it is a waste of brain power to concern yourself with this non-issue. To think your 7 figure account balance somehow gives you additional say in the operations of a multi billion dollar bank comes of a bit arrogant tbh.
by Olemiss540
Sun Jun 17, 2018 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: How to calculate "fun money" per year?
Replies: 37
Views: 3546

Re: How to calculate "fun money" per year?

OP, I know I'm not ansewring your question but you stated you're not funding the HSA. Why? If you're eligible for an HSA account which is the best saving and investing instrument available, fund it. If you have to, reduce the 401K contribution enough to get the maximum match and use the difference ...
by Olemiss540
Sat Jun 16, 2018 6:11 pm
Forum: Personal Consumer Issues
Topic: What are your hobbies?
Replies: 59
Views: 5502

Re: What are your hobbies?

Automotive repair (racecar building) and driving said racecar at high performance driving events.

Most fun I have had since I was 10 driving my first go-cart. A bit more expensive though......
by Olemiss540
Fri Jun 15, 2018 12:05 pm
Forum: Personal Consumer Issues
Topic: Too much house vs. just enough
Replies: 38
Views: 3575

Re: Too much house vs. just enough

How big is your extended family? Frequency of overnight visitors? Not sure your question makes much sense given you don't have an apparent NEED for a 4th bedroom regardless of the financial impacts. Only get a 4 bedroom if it prevents another move in the future as value in reducing transaction costs...
by Olemiss540
Fri Jun 15, 2018 9:03 am
Forum: Personal Finance (Not Investing)
Topic: $75,000 bonus - help me with my plan
Replies: 24
Views: 3301

Re: $75,000 bonus - help me with my plan

You have $250k in cash already, and your bonus coming, and a very healthy income if you’re in the 32% bracket. Look at the situation in reverse. If you were debt free today, would you borrow $190k so you could put a bunch of cash in savings accounts? That’s effectively what you’re doing. I think I’...
by Olemiss540
Sat Jun 09, 2018 7:25 am
Forum: Personal Finance (Not Investing)
Topic: Branching career paths
Replies: 3
Views: 475

Re: Branching career paths

COL differences in either city?

Zero long term difference in pay with either role?

Stress is a killer. I would erroron the lower stress side if all else was equal.
by Olemiss540
Thu Jun 07, 2018 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: Stuck in Quicksand (Guidance Appreciated)
Replies: 46
Views: 3554

Re: Stuck in Quicksand (Guidance Appreciated)

So, a top 2% salary with family time aplenty? Would you also like to telecommute and live in a LCOL area? Try volunteering for the needy and doing some reading on contentment. Maybe some meditation? I have heard that helps. Being stuck in a quicksand pit of upper middle class America is MANY peoples...
by Olemiss540
Sun Jun 03, 2018 9:37 am
Forum: Personal Finance (Not Investing)
Topic: Max out 401k w/credit card debt?
Replies: 30
Views: 1967

Re: Max out 401k w/credit card debt?

Can you sell some stuff? Downgrade cars? Sell any expensive collectables or furniture? Have a yard sale? Get a second job? Get a third job? I would treat the debt as an emergency. Your life is on pause while you lay under a mountain of consumer debt. Knock this stuff out while putting a complete hol...
by Olemiss540
Wed May 23, 2018 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: Purchasing a house, downpayment vs. retirement and other considerations
Replies: 170
Views: 7971

Re: Purchasing a house, downpayment vs. retirement and other considerations

I think you are feeling rushed to not be "priced out". As hard as it may be, with your tremendous savings rate and your young age, I would seriously consider putting off a house for another 2-3 years and enjoying the time you have with your SO. Leave the stressful $%^# for the idiots and enjoy trave...
by Olemiss540
Fri May 18, 2018 6:09 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey it or keep low interest debt
Replies: 134
Views: 9634

Re: Dave Ramsey it or keep low interest debt

Look at it this way... if you had both car loans paid for ($58k), would you go BORROW $58k just to invest it? Even worse, would you go borrow $58k just to finance another vehicle? The question isn't about financing another vehicle, but paying off a loan vs. investing. I'm not the OP, but at 1.24% w...
by Olemiss540
Tue May 15, 2018 8:36 pm
Forum: Personal Finance (Not Investing)
Topic: Requesting to go part time - negotiating strategies
Replies: 41
Views: 4193

Re: Requesting to go part time - negotiating strategies

Why don't you say yes (that you intend to quit), and mean it? You have a lot of "excuses" as to why you haven't done it yet, or why this job is important to you, or how you can't "part time it" because you would have to pay for 2 extra days of day care. Tell themyou will quit if youare not allowed t...
by Olemiss540
Tue May 15, 2018 6:26 am
Forum: Investing - Help with Personal Investments
Topic: Planning for the Future
Replies: 10
Views: 1077

Re: Planning for the Future

I would not have bought a $460k house on a 110k salary that's for sure.... Sell the rental and pay off your debts. Live on YOUR salary and SAVE/INVEST your wife's salary. Retire in 20 years. Easy button. The hard part is staying focused and driven to not "keep up with the jones's". With 300k in sala...
by Olemiss540
Fri May 11, 2018 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: ques
Replies: 47
Views: 4633

Re: Should I pay cash for a house?

Why do you have 300k in cash? How much do you have in retirement?

These are important questions as it allows others to determine the alternative options if you don't pay full cash.
by Olemiss540
Thu May 03, 2018 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: When to buy a new car (need to find a Boglehead way)
Replies: 34
Views: 2982

Re: When to buy a new car (need to find a Boglehead way)

It is easy to have the numbers work out better when you are pulling them off your laptop. Are you planning to sell it yourself or trade it in? You going to spend any money fixing it in preperation for a sale? Are you going to have to pay sales tax on a new car? Have you negotiated the price of the n...
by Olemiss540
Tue May 01, 2018 6:34 am
Forum: Personal Finance (Not Investing)
Topic: Checking Reasonableness on Home Purchase
Replies: 9
Views: 1019

Re: Checking Reasonableness on Home Purchase

Trying to find a blind spot? How about trying to figure out how to spend the other 15k a month?

1.4M at 37? Congrats and good work!
by Olemiss540
Mon Apr 30, 2018 6:00 am
Forum: Personal Finance (Not Investing)
Topic: Moving - should I rent or buy?
Replies: 24
Views: 1724

Re: Moving - should I rent or buy?

I know your position on the car, but know it is severely impacting your ability to compound investments early in your career, which will lose HUNDREDS of thousands of dollars in future $$$. Consider again selling the car and buying a reliable car for 10k. Consider buying a new BMW 3 series now is co...
by Olemiss540
Thu Apr 26, 2018 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: Emergency fund done, now what?
Replies: 9
Views: 875

Re: Emergency fund done, now what?

I wouldn't bother with bond funds. I would hold your efund in an online savings account (high yield) and adding the $500-600 a month, and then start putting every raise into your Roth IRA/4013b. That will build your cash holding up by 6k/year while also building your savings rate up for the potentia...
by Olemiss540
Thu Apr 26, 2018 8:12 am
Forum: Personal Finance (Not Investing)
Topic: Another house budget question
Replies: 25
Views: 2568

Re: Another house budget question

I follow this site but don’t post advice ever, apart from a few about paying off student loans. But you can pay straight cash for your house and not have a mortgage payment... so unless you’re looking for gratification of your net worth, I don’t understand why you’re even asking. +1. Here's the pat...
by Olemiss540
Tue Apr 17, 2018 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: Help me explain why pre-tax investing can help when retiring in same bracket
Replies: 83
Views: 7660

Re: Help me explain why pre-tax investing can help when retiring in same bracket

If your tax rate is the same while you are working and while you are retired, then the deferral offers no advantage -- I assume that's the point you're making. No, I'm making the opposite point, that it in fact does offer an advantage. The reason is the difference between effective and marginal tax...
by Olemiss540
Tue Apr 17, 2018 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: Overall Help w/ Budget
Replies: 15
Views: 1622

Re: Overall Help w/ Budget

short answer. Get serious about reducing your expenses as much as possible until it hurts. Throw everything at your student loan debt (ext $, summer school, bonuses). You don't want to be mid-50's paying off student loan debt-- at the same time your kids head off to college. Once you have knocked o...
by Olemiss540
Mon Apr 16, 2018 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: Can I retire at age 40?
Replies: 158
Views: 18004

Re: Can I retire at age 40?

Love the folks who claim it's impossible to support a family of 5 on a $2.8 Mil best egg. Literally nobody has said that. People have stated that the portfolio wouldn't support a $120k annual withdrawal figure. The OP can certainly support a family of 5 if they reduce their withdrawal rate. Literal...
by Olemiss540
Mon Apr 16, 2018 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Can I retire at age 40?
Replies: 158
Views: 18004

Re: Can I retire at age 40?

Love the folks who claim it's impossible to support a family of 5 on a $2.8 Mil best egg. Literally nobody has said that. People have stated that the portfolio wouldn't support a $120k annual withdrawal figure. The OP can certainly support a family of 5 if they reduce their withdrawal rate. Literal...