Search found 171 matches

by Coachrhino11
Fri Dec 29, 2017 9:57 pm
Forum: Personal Finance (Not Investing)
Topic: Another should i buy my dream porsche thread...
Replies: 240
Views: 14446

Re: Another should i buy my dream porsche thread...

bb wrote:
Fri Dec 29, 2017 9:13 pm
Coachrhino11 wrote:
Fri Dec 29, 2017 8:02 pm
drive boring Camry, can’t imagine.
Hey - I really like my camry!
It’s all good, my wife had her Camry around 12 years or so. Super reliable, just not my kind of car. Lol, if I were smarter I’d drive one and invest rest in index funds but life’s too short for me to never buy a roadster.
by Coachrhino11
Fri Dec 29, 2017 9:55 pm
Forum: Personal Finance (Not Investing)
Topic: Another should i buy my dream porsche thread...
Replies: 240
Views: 14446

Re: Another should i buy my dream porsche thread...

As far as being actionable, this forum is full of people asking for opinions on what to do with their money. This is just another one. OP has clearly stated, several times, that their mind is made up and nothing is going to change it, but that they just wanted other people's opinions. Why? My only ...
by Coachrhino11
Fri Dec 29, 2017 8:02 pm
Forum: Personal Finance (Not Investing)
Topic: Another should i buy my dream porsche thread...
Replies: 240
Views: 14446

Re: Another should i buy my dream porsche thread...

OP, you make a good bit more than we do and congrats. I understand your frustration and probably surprise. I was told I couldn’t afford a freakin Miata by some on this forum, wow. We only earn 130k, no debt outside mortgage and taxes. Contribute to retirement accounts. You have damn good amount save...
by Coachrhino11
Thu Dec 28, 2017 11:35 am
Forum: Personal Finance (Not Investing)
Topic: Miata as second car
Replies: 94
Views: 5137

Re: Miata as second car

I just wanted to thank everyone here contributing to my car sickness. I thought lots yesterday, slept on it, discussed more this morning with wife about goals. Wife like many here said please save and pay cash. I’m keeping my Jeep, not even looking at Camaro’s. I’m sticking to original plan of savin...
by Coachrhino11
Wed Dec 27, 2017 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: Miata as second car
Replies: 94
Views: 5137

Re: Miata as second car

I’d pay off a loan at 6.25% before I dropped money on a car I didn’t need. I also wouldn’t freak out about paying cash for the car, but I sure wouldn’t borrow at 6.25%. Our car loan was 2.25%. We’ve never paid 6.25% for car, that’s second lien. My Jeep was 1.79. Only reason we took 6.25% on second ...
by Coachrhino11
Wed Dec 27, 2017 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: Miata as second car
Replies: 94
Views: 5137

Re: Miata as second car

I’d pay off a loan at 6.25% before I dropped money on a car I didn’t need. I also wouldn’t freak out about paying cash for the car, but I sure wouldn’t borrow at 6.25%. Our car loan was 2.25%. We’ve never paid 6.25% for car, that’s second lien. My Jeep was 1.79. Only reason we took 6.25% on second ...
by Coachrhino11
Wed Dec 27, 2017 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: Miata as second car
Replies: 94
Views: 5137

Re: Miata as second car

Wife wants me to see if booster seat will even fit in Miata, trunk? Myself. She said if not, look into Camaro’s and Mustangs. Small back seats, but they do have back seat. This thread and your responses really do read a bit like they should have been posted in a car forum and not a personal finance...
by Coachrhino11
Wed Dec 27, 2017 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: Miata as second car
Replies: 94
Views: 5137

Re: Miata as second car

instead we finance toys that are paid off in 6 months to a year. I was all over map as you say because you conveniently left out part about my wife and I having conversation this morning about space and safety. I do love my Jeep but I also acknowledged I don’t really off road. I said I love top dow...
by Coachrhino11
Wed Dec 27, 2017 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: Miata as second car
Replies: 94
Views: 5137

Re: Miata as second car

And if you read above we have already started making plans for accelerated pay off of second lien.
by Coachrhino11
Wed Dec 27, 2017 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: Miata as second car
Replies: 94
Views: 5137

Re: Miata as second car

I’m sure most wont understand, but I love cars... Car people get it, people who aren’t into cars don’t, pretty simple. I’ve always wanted a fun little roadster convertible, and the newer Miata is the one I really want... By having my Jeep and Miata I get best of both worlds IMO. I disagree about a ...
by Coachrhino11
Wed Dec 27, 2017 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: Miata as second car
Replies: 94
Views: 5137

Re: Miata as second car

Which two fun vehicles does your wife have in the garage? Good morning to you too. Car people get it, people who aren’t into cars don’t, pretty simple. This wasn’t about my wife but since you are wanting to know, honestly she doesn’t even care about cars, never has. If you gave her a million she wo...
by Coachrhino11
Wed Dec 27, 2017 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: Miata as second car
Replies: 94
Views: 5137

Re: Miata as second car

I honestly think you have a pretty good convertible with the Jeep. I am a car guy myself and dream about getting a roadster from time to time. Then reality sets in. I have 2 kids under 4 and there is no way I would be able to drive it as much as I would like. I figure I will Need to wait till until...
by Coachrhino11
Wed Dec 27, 2017 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Miata as second car
Replies: 94
Views: 5137

Re: Miata as second car

Wife wants me to see if booster seat will even fit in Miata, trunk? Myself. She said if not, look into Camaro’s and Mustangs. Small back seats, but they do have back seat.
by Coachrhino11
Wed Dec 27, 2017 11:39 am
Forum: Personal Finance (Not Investing)
Topic: Miata as second car
Replies: 94
Views: 5137

Re: Miata as second car

Have been browsing gently used Jeeps with nice aftermarket mods and I’ve noticed they are selling for pretty good money. I wouldn’t trade in if I decided to get rid of it, I’d sell it privately. Meaning I can save money while having it listed with no reason to rush and take way less.
by Coachrhino11
Wed Dec 27, 2017 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Miata as second car
Replies: 94
Views: 5137

Re: Miata as second car

Reason our mortgage is that is because we have a 15% second lien that’s 6.25% and close to $300 month factored in. That’s what we are paying off early. I would pay off the second lien completely and then feel guilt-free about saving and paying cash for a Miata. If I got the Miata now, I would enjoy...
by Coachrhino11
Wed Dec 27, 2017 11:35 am
Forum: Personal Finance (Not Investing)
Topic: Miata as second car
Replies: 94
Views: 5137

Re: Miata as second car

Fun car but not practical. Neither car is very safe for kids or highway travel. You should be looking at minivans. :mrgreen: But seriously I'd get a Mustang convertible so your daughter can ride with you. Used ones are a good buy as they depreciate more than Mazda. Miata has great handling but it i...
by Coachrhino11
Wed Dec 27, 2017 11:25 am
Forum: Personal Finance (Not Investing)
Topic: Miata as second car
Replies: 94
Views: 5137

Re: Miata as second car

Our debt level too high? We have no debt except our house. Yes sir. Call me ultra-conservative but I have been burned in the past. You guys have a 130k HH income, and have a 2150/mo mortgage. That is high to me. For the record, we have a HH income that is more than double. When we did have a mortga...
by Coachrhino11
Wed Dec 27, 2017 9:22 am
Forum: Personal Finance (Not Investing)
Topic: Miata as second car
Replies: 94
Views: 5137

Re: Miata as second car

Wife has agreed to let me save $2,000 per month.... I’m looking at 20-25k. Save for 10-13 months and pay cash. You will likely get a better deal and also appreciate the purchase more. While I understand your love of cars, your debt level is a bit high for my tastes. I would certainly not purchase a...
by Coachrhino11
Wed Dec 27, 2017 9:21 am
Forum: Personal Finance (Not Investing)
Topic: Miata as second car
Replies: 94
Views: 5137

Re: Miata as second car

Any advice or opinions appreciated even if I disagree, I’m a big boy and can handle it. I will say, I’m not interested in just driving used Corrolla or Civic and nothing else. You already have a Jeep Wrangler, with is "not just a used Corrolla (sic) or Civic". By having my Jeep and Miata I get best...
by Coachrhino11
Wed Dec 27, 2017 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Miata as second car
Replies: 94
Views: 5137

Re: Miata as second car

Save and invest 30% of after tax income, religiously. Paying off principal on a home is included, not interest, and certainly not a car purchase. Beyond that IMHO feel free to purchase any toy that turns you on. I paid $50k for my astronomical equipment, excessively bizarre to most BHs, but I did n...
by Coachrhino11
Wed Dec 27, 2017 12:25 am
Forum: Personal Finance (Not Investing)
Topic: Miata as second car
Replies: 94
Views: 5137

Re: Miata as second car

Love the car and it is a blast to drive. Hopefully you have some roads around you that will let you experience the Miata's true strength which is its handling. I live in PA and have a friend who has a Miata, put snow tires on it, and it is an absolute beast with up to 4 to 5 inches of snow. After t...
by Coachrhino11
Tue Dec 26, 2017 11:29 pm
Forum: Personal Finance (Not Investing)
Topic: Miata as second car
Replies: 94
Views: 5137

Re: Miata as second car

Well, I’m pretty sure I mentioned it already. But I know many here have said pay cash and get older model and my wife would be happier if I did, but I don’t want older Miata. They redesigned body in 2016, I personally like newer models much more. The 2018’s are coming out this coming month and I ful...
by Coachrhino11
Tue Dec 26, 2017 11:02 pm
Forum: Personal Finance (Not Investing)
Topic: Is our Early Retirement Plan sound?
Replies: 9
Views: 1860

Re: Is our Early Retirement Plan sound?

If you want to do this bad enough, you’ll make it happen. Everyone will have more if they work a few more years. There’s always ways to cut spending instead of going back to some crappy part time gig. Unless you find something you enjoy. I don’t want to punch a clock for anyone after 60, just me.
by Coachrhino11
Tue Dec 26, 2017 10:48 pm
Forum: Personal Finance (Not Investing)
Topic: Miata as second car
Replies: 94
Views: 5137

Re: Miata as second car

Love to see a Miata thread here. Jonesing after an RF Club as third car here, in the process of stepping back from Triumph Tiger 800 moto, so it seems quite reasonable in the safety/comfort and me-slowly-aging trade-offs. Shaking out new tax law implications first (probably prepay 1/2 mortgage prin...
by Coachrhino11
Tue Dec 26, 2017 10:43 pm
Forum: Personal Finance (Not Investing)
Topic: Miata as second car
Replies: 94
Views: 5137

Re: Miata as second car

Tough call. As others have said, I'd recommend only buying one when you can pay cash. I've owned a car and a truck (4X4) most of my life. But looking back, that was an extreme indulgence. Current fun car is a 2007 Mustang GT convertible. I do love it, and enjoy it. But I also feel a tinge of "oppor...
by Coachrhino11
Tue Dec 26, 2017 10:33 pm
Forum: Personal Finance (Not Investing)
Topic: Miata as second car
Replies: 94
Views: 5137

Re: Miata as second car

Wait until you can pay cash. It sounds like you are getting into a vicious cycle where you always have car loans. You just got the Jeep paid off so if you get a loan to buy the Miata then it will take several years to pay that off and by then you may not have enough time to save up enough to pay ca...
by Coachrhino11
Tue Dec 26, 2017 10:23 pm
Forum: Personal Finance (Not Investing)
Topic: Miata as second car
Replies: 94
Views: 5137

Re: Miata as second car

It’s not crazy. The Miata is a great car. You’ll love driving it. It sounds like you’re on a solid plan to financial security. If both of you are okay with the purchase, go for it. We’ve had a Miata as our 2nd car for nearly six years and it’s great. Insurance is reasonable, by the way. Cheap so fa...
by Coachrhino11
Tue Dec 26, 2017 10:19 pm
Forum: Personal Finance (Not Investing)
Topic: Miata as second car
Replies: 94
Views: 5137

Re: Miata as second car

I own a low mileage 2007 BMW Z4, which I love. I think Miata's are great cars but they only weight about 2300 lbs and I worry about the safety. The Z4 weights about 3100 lbs (about the same as a 2018 Honda Accord). But you are right to be concerned with the Z4 maintenance costs. Brakes, A/C, etc. a...
by Coachrhino11
Tue Dec 26, 2017 10:15 pm
Forum: Personal Finance (Not Investing)
Topic: Miata as second car
Replies: 94
Views: 5137

Re: Miata as second car

...you can replace the Wrangler +1. Is there anything worse to drive than that? You can split the difference with any number of fun cars that are functional, too. Any Mazda will handle like a dream compared to your Wrangler. My everyday driver is a blast and a four-seater. (We have no room for a se...
by Coachrhino11
Tue Dec 26, 2017 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: Miata as second car
Replies: 94
Views: 5137

Re: Miata as second car

I’d buy used. Perhaps a 2nd generation S2000. More enjoyable car in my opinion and a very clean one can be had for under $10K. Nope, I realize nice is a subjective term but "nice" S2000s usually are considerably more than 10k. I sold my 2006 46,000 mile S2K for $19,500 last fall. Early Miatas (NA,N...
by Coachrhino11
Tue Dec 26, 2017 6:55 pm
Forum: Personal Finance (Not Investing)
Topic: Miata as second car
Replies: 94
Views: 5137

Re: Miata as second car

I recommend that you check what it will do to your insurance premiums, including umbrella, before you commit. Insurers generally do not like two-seaters. Already checked, not bad to me. Around $70 month for newer ‘16-17 model soft top, $50 range for older model. Small price to pay for fun. I even c...
by Coachrhino11
Tue Dec 26, 2017 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: Miata as second car
Replies: 94
Views: 5137

Re: Miata as second car

I would prefer you pay for your toy car in cash. It is a totally irresponsible purchase (that I completely understand), so why pay for it for years forward? Just set aside money every month until you have enough to pay cash. Also, consider since it is a toy car, do you really need to buy such a pre...
by Coachrhino11
Tue Dec 26, 2017 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: Miata as second car
Replies: 94
Views: 5137

Re: Miata as second car

I love love love the 2016 and later MX-5 RF (Retractable Hardtop) and commend you on this choice. I'm keeping an eye on used ones around me. So far there haven't been many but probably because the 3 year leases aren't up yet. DW doesn't like them because of the mechanical adjustment of the drivers ...
by Coachrhino11
Tue Dec 26, 2017 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: Miata as second car
Replies: 94
Views: 5137

Re: Miata as second car

...you can replace the Wrangler +1. Is there anything worse to drive than that? You can split the difference with any number of fun cars that are functional, too. Any Mazda will handle like a dream compared to your Wrangler. My everyday driver is a blast and a four-seater. (We have no room for a se...
by Coachrhino11
Tue Dec 26, 2017 6:20 pm
Forum: Personal Finance (Not Investing)
Topic: Does it make sense to accelerate paying off mortgage now that I am 57 yrs old?
Replies: 44
Views: 5311

Re: Does it make sense to accelerate paying off mortgage now that I am 57 yrs old?

I like to hang on to my mortgage, also at 3.5%. I called my loan officer recently and he said mortgage rate is a lot higher now. But YMMV, some people like to brag that they have their mortgage paid off. I don't have that deep need. If anything I like to brag that I have 30-year mortgage at 3.5%. B...
by Coachrhino11
Tue Dec 26, 2017 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: Does it make sense to accelerate paying off mortgage now that I am 57 yrs old?
Replies: 44
Views: 5311

Re: Does it make sense to accelerate paying off mortgage now that I am 57 yrs old?

I like to hang on to my mortgage, also at 3.5%. I called my loan officer recently and he said mortgage rate is a lot higher now. But YMMV, some people like to brag that they have their mortgage paid off. I don't have that deep need. If anything I like to brag that I have 30-year mortgage at 3.5%. B...
by Coachrhino11
Tue Dec 26, 2017 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: car thread- too much money?
Replies: 85
Views: 7896

Re: car thread- too much money?

Many gently used cars have blind spot monitoring, etc... My 2015 Mazda 6 did. You never mentioned mileage or year of current Honda.
by Coachrhino11
Tue Dec 26, 2017 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: Miata as second car
Replies: 94
Views: 5137

Re: Miata as second car

Forgot to mention starting this month we are paying extra $1,000 per month on mortgage.
by Coachrhino11
Tue Dec 26, 2017 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: Miata as second car
Replies: 94
Views: 5137

Miata as second car

Ok, I’d prefer to not put my entire life out for this. I’ll throw out basics. We earn around 130k combined. Mortgage is around 2,100-2,200 when you combine P&I, taxes, insurance No other debt Max out both Roth’s I pay into teacher state pension Wife has 403b and with employer + her contribution it’s...
by Coachrhino11
Tue Dec 26, 2017 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Should we downsize?
Replies: 42
Views: 3480

Re: Should we downsize?

Stay! 7 minute commute, we would kill for that. Dream house, easily affordable, pay off early and still invest plenty. What’s point of waking up and grinding everyday if you are just going to hoard all money into investments? You CAN have cake and eat when you are making 250k and pay 36k housing. Mo...
by Coachrhino11
Tue Dec 26, 2017 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Does it make sense to accelerate paying off mortgage now that I am 57 yrs old?
Replies: 44
Views: 5311

Re: Does it make sense to accelerate paying off mortgage now that I am 57 yrs old?

I like to hang on to my mortgage, also at 3.5%. I called my loan officer recently and he said mortgage rate is a lot higher now. But YMMV, some people like to brag that they have their mortgage paid off. I don't have that deep need. If anything I like to brag that I have 30-year mortgage at 3.5%. B...
by Coachrhino11
Tue Dec 26, 2017 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: Does it make sense to accelerate paying off mortgage now that I am 57 yrs old?
Replies: 44
Views: 5311

Re: Does it make sense to accelerate paying off mortgage now that I am 57 yrs old?

I like to hang on to my mortgage, also at 3.5%. I called my loan officer recently and he said mortgage rate is a lot higher now. But YMMV, some people like to brag that they have their mortgage paid off. I don't have that deep need. If anything I like to brag that I have 30-year mortgage at 3.5%. Y...
by Coachrhino11
Tue Dec 26, 2017 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: Does it make sense to accelerate paying off mortgage now that I am 57 yrs old?
Replies: 44
Views: 5311

Re: Does it make sense to accelerate paying off mortgage now that I am 57 yrs old?

I like to hang on to my mortgage, also at 3.5%. I called my loan officer recently and he said mortgage rate is a lot higher now. But YMMV, some people like to brag that they have their mortgage paid off. I don't have that deep need. If anything I like to brag that I have 30-year mortgage at 3.5%. Y...
by Coachrhino11
Tue Oct 17, 2017 11:17 pm
Forum: Personal Finance (Not Investing)
Topic: Car fund in index fun or savings?
Replies: 19
Views: 2263

Re: Car fund in index fun or savings?

No real time line. I have new vehicle about to be paid off in 2 months and wife has paid off '13 and drives her cars forever. Honestly, I might want to buy another used car. Not tomorrow, but well before 10 years, probably before 5.
by Coachrhino11
Tue Oct 17, 2017 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Car fund in index fun or savings?
Replies: 19
Views: 2263

Re: Car fund in index fun or savings?

Sorry, index fund, lol
by Coachrhino11
Tue Oct 17, 2017 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Car fund in index fun or savings?
Replies: 19
Views: 2263

Car fund in index fun or savings?

Our goal is to never finance another car again. So, would it be smarter tax wise to keep car fund money in index funds vs. savings? Not to mention it would be nice to make some money on fund. Willing to take some risk. Really just trying to do what's best for tax consequences. Thanks in advance.
by Coachrhino11
Tue Sep 26, 2017 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: Bogleheads monthly costs of dog ownership?
Replies: 83
Views: 6925

Re: Bogleheads monthly costs of dog ownership?

onthecusp wrote:
Tue Sep 26, 2017 9:14 am
Which breed has the best Expense Ratio?
For that matter which definition applies?

ER(dog) = Annual Expenses / Purchase price + Initial Expenses
ER(dog) = Annual Expenses / "Value"
Lol, that's great! Wife wants dog more than me. I'd rather have another car to go with Jeep...dang I'm selfish!
by Coachrhino11
Mon Sep 25, 2017 9:53 pm
Forum: Personal Finance (Not Investing)
Topic: Bogleheads monthly costs of dog ownership?
Replies: 83
Views: 6925

Re: Bogleheads monthly costs of dog ownership?

My wife and I both work full-time and we wanted a lab. We were rejected by every lab adoption agency because we weren't home all day. We ended up getting a 4 month old puppy from a breeder. At 4 months, she was crate-trained, and could stay in her crate for 4-5 hours. She is very active being a lab...
by Coachrhino11
Mon Sep 25, 2017 8:00 am
Forum: Personal Finance (Not Investing)
Topic: Bogleheads monthly costs of dog ownership?
Replies: 83
Views: 6925

Re: Bogleheads monthly costs of dog ownership?

MulesFan wrote:
Sun Sep 24, 2017 5:34 pm
Getting to know all your neighbors because the little stinker runs away every once in awhile.... Priceless
I know them well enough. :sharebeer
by Coachrhino11
Mon Sep 25, 2017 7:58 am
Forum: Personal Finance (Not Investing)
Topic: Bogleheads monthly costs of dog ownership?
Replies: 83
Views: 6925

Re: Bogleheads monthly costs of dog ownership?

I'm beginning to think dogs are much more than expensive financially, they are extremely needy which is why I told wife get cat and be done. We've had some cool cats over the years. Never actually thought I'd be so sad when a cat died, but I was indeed last one did and haven't gotten one since, abou...