Search found 155 matches

by Sic Vis Pacem
Wed Mar 03, 2021 9:13 pm
Forum: Personal Finance (Not Investing)
Topic: Big Raise: What to Do With It
Replies: 45
Views: 3353

Re: Big Raise: What to Do With It

As a fellow attorney, I would not overlook what a restart can do for partnership prospects. I know of a couple of attorneys who really struggled through mid and senior associate years due to family obligations who had more or less resigned them-selves to practice-group or of-counsel roles. But once ...
by Sic Vis Pacem
Fri Jan 22, 2021 9:43 am
Forum: Personal Investments
Topic: High Income - should I max my 401k contributions early in the year?
Replies: 27
Views: 2469

Re: High Income - should I max my 401k contributions early in the year?

Assuming you'll do so for a number of years, and assuming no loss of match, the math checks out. I have no match on my 401(k), but frontload my contributions in the first half of the year, for two reasons. First is the hope that extra time in the market will inure to my benefit. Second is that it fo...
by Sic Vis Pacem
Thu Jan 21, 2021 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: Millionaire kids: Do your parents know you’re rich?
Replies: 54
Views: 5014

Re: Millionaire kids: Do your parents know you’re rich?

My parents know that we are comfortable. They know the cost of our home because it's public, and they have a rough sense of my income. That said, they shared with me when they joined the two comma club "on paper," and I think they would be floored to know we have as well. My wife has been ...
by Sic Vis Pacem
Tue Jan 19, 2021 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: Questions about making a will
Replies: 59
Views: 3426

Re: Questions about making a will

Law firms make a fair amount of money drafting wills and trusts.

Law firms make a great deal of money from poorly drafted wills and trusts.
by Sic Vis Pacem
Wed Jan 13, 2021 1:15 pm
Forum: Investing - Theory, News & General
Topic: What might cause a market correction ( 15-20% ) again
Replies: 105
Views: 8335

Re: What might cause a market correction ( 15-20% ) again

HomerJ wrote: Wed Jan 13, 2021 12:05 pm
The 10% long-term historical nominal return INCLUDES the crashes. Read that again.
You are a saint for the patience with which you repeat that nugget on this board. And I both appreciate and reflect upon it every time. Thank you.
by Sic Vis Pacem
Sat Jan 09, 2021 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: What are your Lean FIRE, FIRE, and Fat FIRE numbers?
Replies: 231
Views: 20016

Re: What are your Lean FIRE, FIRE, and Fat FIRE numbers?

Lean: 75K
Fire: 100K
FatFire: 150K
MOFire: 200K
by Sic Vis Pacem
Wed Dec 30, 2020 11:54 am
Forum: Personal Finance (Not Investing)
Topic: So what kind of raise did you guys get for 2021?
Replies: 222
Views: 16615

Re: So what kind of raise did you guys get for 2021?

Enough to keep me from looking elsewhere.
by Sic Vis Pacem
Tue Dec 29, 2020 10:14 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 2475
Views: 564448

Re: Share your net worth progression

I'll add to the thread, if only to revisit and hold myself accountable. And as someone who has enjoyed and been inspired by this thread, I figure the least I can do is contribute. Early numbers are rough before I started tracking. 2007: -$30k (completed undergrad) 2012: -$170k (completed law school,...
by Sic Vis Pacem
Tue Dec 29, 2020 9:57 am
Forum: Personal Consumer Issues
Topic: Warm coat recommendations
Replies: 93
Views: 5107

Re: Warm coat recommendations

While I own a lot of Patagonia and Arc’teryx too, I’ve found over the last couple of years that Outdoor Research is a much better value when comparing products designed for identical use. Furthermore, if you’re patient it can be found steeply discounted if you subscribe to their emails and watch Am...
by Sic Vis Pacem
Tue Dec 08, 2020 12:50 pm
Forum: Personal Consumer Issues
Topic: Warm coat recommendations
Replies: 93
Views: 5107

Re: Warm coat recommendations

Second the suggestions to consider layering. In that type of cold I'll typically wear a long-sleeve baselayer, short/long sleeve shirt, sweatshirt, then the coat. Much easier to adjust a layer if the temp shifts or you decide on a more strenuous walk. Wool is your friend (and if you haven't purchase...
by Sic Vis Pacem
Mon Dec 07, 2020 9:33 pm
Forum: Personal Consumer Issues
Topic: What video games are you currently playing?
Replies: 374
Views: 47523

Re: What video games are you currently playing?

Can I start with the Witcher 3 or do I need to play 1 and 2 first? Also, is it more horror themed or just action? I don't mind small segments of horror, but I prefer action more than walking around a dark area expecting to get jumped at any second. I don't really like a full game of horror moments....
by Sic Vis Pacem
Mon Dec 07, 2020 5:15 pm
Forum: Investing - Theory, News & General
Topic: Is it really worthwhile to save HSA funds instead of using them now?
Replies: 104
Views: 8522

Re: Is it really worthwhile to save HSA funds instead of using them now?

I'm with the other posters saving and investing the HSA fund in equities. I view it as another layer of security against significant health expenses, and a LTC fund if needed. DW and are 36, so I am uncertain of what the tax treatment or allowable expenses will be by the time we need the funds, but ...
by Sic Vis Pacem
Mon Nov 30, 2020 2:59 pm
Forum: Personal Consumer Issues
Topic: Weighted Blanket?
Replies: 17
Views: 1319

Re: Weighted Blanket?

Cap weighted or equal weighted?
by Sic Vis Pacem
Fri Nov 20, 2020 4:53 pm
Forum: Personal Consumer Issues
Topic: Herman miller desk?
Replies: 9
Views: 1210

Re: Herman miller desk?

Sandtrap wrote: Fri Nov 20, 2020 12:27 pm Jarvis stand up desk.
$735.00
Thank you! :sharebeer
by Sic Vis Pacem
Fri Nov 20, 2020 11:34 am
Forum: Personal Consumer Issues
Topic: Herman miller desk?
Replies: 9
Views: 1210

Re: Herman miller desk?

Sandtrap wrote: Fri Nov 20, 2020 9:13 am My best recent office purchase has been a high quality electric sit stand desk.
What did you go with? I'm in the market now but am having some difficulty in parsing the options.
by Sic Vis Pacem
Thu Nov 19, 2020 4:59 pm
Forum: Personal Consumer Issues
Topic: What video games are you currently playing?
Replies: 374
Views: 47523

Re: What video games are you currently playing?

Assassin's Creed Valhalla is the current one. Cyberpunk 2077 is the next one I'm interested in.

Outriders looks intriguing, but after being burned by Anthem, I've backed off on pre-ordering any games-as-a-live-service offerings for now.
by Sic Vis Pacem
Thu Nov 19, 2020 4:43 pm
Forum: Personal Investments
Topic: Take a break from high savings rate?
Replies: 18
Views: 2670

Re: Take a break from high savings rate?

Looks like you've put your family in a very good spot. Could you clarify what "cutting down" means to you? There's a big gap between saving $51k a year and $0. Looks like dialing that back even a modest amount could meet all of your project wish list purchases over the next five years whil...
by Sic Vis Pacem
Thu Nov 05, 2020 9:39 pm
Forum: Personal Consumer Issues
Topic: XBox One S vs XBox Series S for first gaming unit
Replies: 18
Views: 990

Re: XBox One S vs XBox Series S for first gaming unit

Avid gamer here. Get the new one. There is a lot of little upgrades in that box that don't make the topline spec sheets. If you get the older one, get an external SSD drive. It makes a huge difference in load times (which happen more frequently in some games than others) and will keep your child fro...
by Sic Vis Pacem
Wed Oct 28, 2020 9:38 pm
Forum: Personal Consumer Issues
Topic: Battle O'r the Estate
Replies: 123
Views: 9401

Re: Battle O'r the Estate

You're on step G.

You need to go through steps A-F. Those steps likely involve a real estate and family law attorney. Maybe the same person, maybe not.

Good luck. I wish you and your family well.
by Sic Vis Pacem
Wed Oct 21, 2020 9:51 pm
Forum: Personal Consumer Issues
Topic: Items that are worth the money for the quality
Replies: 490
Views: 41666

Re: Items that are worth the money for the quality

Rogue exercise equipment
Darn Tough socks (hiking and running)
Osprey Packs
Allen Edmonds Shoes
K&N Filters (where appropriate)
Good Tires
Xbox Elite Series 2 Controller
Big Green Egg Grill and grilling accessories
Whatever mattress works for you (at any price).
LG OLED TV
Custom Suits
by Sic Vis Pacem
Wed Oct 07, 2020 10:00 am
Forum: Personal Investments
Topic: Should We Ever Save for Children's College?
Replies: 467
Views: 30570

Re: Should We Ever Save for Children's College?

FreddyC wrote: Wed Oct 07, 2020 9:41 am
Brianmcg321 wrote: Tue Oct 06, 2020 10:05 pm Im hoping my daughter gets a full ride somewhere. Then I'm going to pull out her 529 money an buy me a new boat. I'm going to name it "529 Plan".
What about “Scholar Ship”?
+1 :D
by Sic Vis Pacem
Tue Oct 06, 2020 9:46 pm
Forum: Investing - Theory, News & General
Topic: The Psychology of Money - A Blog Post
Replies: 164
Views: 19799

Re: "The Psychology of Money" by Morgan Housel

To me, the biggest takeaway was the humble acceptance that personal finance is... personal. One person may want to optimize returns, one reduce taxes, one minimize risk, one minimize regret, one keep up with the Joneses and one that has never met a Jones. And each one's financial affairs and decisio...
by Sic Vis Pacem
Tue Oct 06, 2020 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: Which commuting route is, financially speaking, better?
Replies: 23
Views: 1993

Re: Which commuting route is, financially speaking, better?

Step 1: When you are ready to leave for work, open up Waze, Google Maps, etc. See which route gets you in faster.
Step 2: Drive that route.
by Sic Vis Pacem
Wed Sep 30, 2020 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Housing Oh Housing
Replies: 21
Views: 1825

Re: Housing Oh Housing

Great feedback, thank you. Anything I can start doing now to prepare for a home purchase in the next year? -I already have saved 200K. -Should I be talking to banks about rates? -Would appreciate any other resources Thank you I'm right in the middle of a purchase of a SFH and sale of my condo, so a...
by Sic Vis Pacem
Tue Sep 29, 2020 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: Wife Quitting High Earning Job?
Replies: 56
Views: 8444

Re: Wife Quitting High Earning Job?

Hire a full time replacement nanny as soon as possible. You do not want the person caring for your children with one foot out the door. Full-time will help with whatever decision your wife makes on employment, and will increase your wife's flexibility as things evolve (and they will). Worse case sce...
by Sic Vis Pacem
Fri Sep 04, 2020 10:06 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 22415
Views: 2966116

Re: U.S. stocks in free fall

newyorker wrote: Fri Sep 04, 2020 10:00 am Staying the course...
You may want to choose another image to express your feelings on staying the course. Pepe the Frog (the morose frog image) has some pretty strong political connotations that may not be what you intended for this particular thread.
by Sic Vis Pacem
Tue Sep 01, 2020 10:01 am
Forum: Investing - Theory, News & General
Topic: For those with $500k-$1m in investments...
Replies: 211
Views: 33928

Re: For those with $500k-$1m in investments...

Mid 30's. We are about 50/50, but that's largely the result of an inheritance. While we are contributing to taxable, we are contributing much more to our tax advantaged accounts, and (fingers crossed) will have access to much more 401k space starting next year, so we expect that percentage to drift ...
by Sic Vis Pacem
Wed Aug 26, 2020 8:57 am
Forum: Personal Finance (Not Investing)
Topic: Finding balance in life: When do you let up off the gas?
Replies: 105
Views: 9966

Re: Finding balance in life: When do you let up off the gas?

Try driving a little slower ( saving a little less, enjoying life a little more). Instead of saving 87%, start with 80%. Invest the 7% in you and your wife. Eating out more, massages, bigger better vacations etc. Try it for a year and see how you feel. 7% reduced savings for 1 year in the long term...
by Sic Vis Pacem
Tue Aug 25, 2020 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: Finding balance in life: When do you let up off the gas?
Replies: 105
Views: 9966

Re: Finding balance in life: When do you let up off the gas?

Try driving a little slower ( saving a little less, enjoying life a little more). Instead of saving 87%, start with 80%. Invest the 7% in you and your wife. Eating out more, massages, bigger better vacations etc. Try it for a year and see how you feel. 7% reduced savings for 1 year in the long term...
by Sic Vis Pacem
Sat Aug 15, 2020 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: Did any inheritance make positive effect on your life?
Replies: 229
Views: 19629

Re: Did any inheritance make positive effect on your life?

My wife inherited a mid 6-figures around 3 years ago, in her early thirties. She and I had already paid off significant school loans and purchased our first home at the time. We both have had strong salary progression and likely will continue to do so for some time. So, we were in good financial sha...
by Sic Vis Pacem
Wed Aug 12, 2020 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Lawyers - How much does it cost to write a prenup contract?
Replies: 48
Views: 6235

Re: Lawyers - How much does it cost to write a prenup contract?

Lawyer, but not one that does pre-nups. There's not nearly enough information here to provide any estimate of what it should cost. $350 an hour for that metro market is reasonable. What's $2500 (plus or minus a few $350 billable hours) compared to what you're trying to protect? In my practice, we se...
by Sic Vis Pacem
Thu Aug 06, 2020 10:54 am
Forum: Personal Consumer Issues
Topic: My gym is reopening - are you going back to yours?
Replies: 42
Views: 1895

Re: My gym is reopening - are you going back to yours?

No. And I was a 4-5 day a week person pre-COVID.
It's taken a while, but I've really settled into my new outdoor exercise routine. I'm doing a lot more bodyweight exercises and more cardio than I did before.

It's going to be tough once it gets cold though.
by Sic Vis Pacem
Thu Aug 06, 2020 9:59 am
Forum: Investing - Theory, News & General
Topic: Family Dynasty 529 plan for multigenerational college planning
Replies: 25
Views: 2848

Re: Family Dynasty 529 plan for multigenerational college planning

This is exactly what we are doing and have been doing for years. We called it a “multigenerational education trust.” I think we're starting on a similar path, although not with as clear of an end-game at this point. Same state. DW and I opened 529's in our names when we found out we were expecting ...
by Sic Vis Pacem
Sat May 09, 2020 6:56 am
Forum: Investing - Theory, News & General
Topic: Will "work from home" destroy the commercial real estate market?
Replies: 169
Views: 13974

Re: Will "work from home" destroy the commercial real estate market?

No idea. A small anecdote. My 30-story office building is really struggling with, of all things, the elevators. There is one bank that serves floors 1-20, and another for floors 20-30. Elevator cabs are sized that you could probably get two people in them at a time with six feet between them, but no...
by Sic Vis Pacem
Fri May 08, 2020 11:32 am
Forum: Personal Investments
Topic: $250,000 Debt, High-Income Potential, beginner starting from ZERO
Replies: 58
Views: 8306

Re: $250,000 Debt, High-Income Potential, beginner starting from ZERO

You've got White Coat Investor on your reading list; good. Since you've got time anyway, go to his website and read it front to back. Read the comments. There is such a wealth of high-quality, tailor made advice on that site for someone in your position and disposition. If you still have questions, ...
by Sic Vis Pacem
Tue May 05, 2020 9:27 am
Forum: Investing - Theory, News & General
Topic: All my friends are outperforming index funds
Replies: 122
Views: 11788

Re: All my friends are outperforming index funds

How much? I have friends that will throw $500 here or $1,000 there (at the casino, or on stocks) and then tell war stories when they hit. "And it went up fivefold!" Cool. You made a few grand. But unless you're willing to put a real chunk of money in the pot, it's not going to make any rea...
by Sic Vis Pacem
Wed Apr 29, 2020 4:37 pm
Forum: Investing - Theory, News & General
Topic: What explains the continued rise in equities?
Replies: 167
Views: 13495

Re: What explains the continued rise in equities?

Teague wrote: Wed Apr 29, 2020 3:43 pm I firmly believe that there are three main reasons which explain the current market behavior.

Unfortunately, I have no idea what they might be.
+1
by Sic Vis Pacem
Mon Apr 27, 2020 10:01 pm
Forum: Personal Finance (Not Investing)
Topic: How do you explain no COVID19 Stimulus Payment?
Replies: 89
Views: 7633

Re: How do you explain no COVID19 Stimulus Payment?

I have one social circle that would never need to ask, and one that I would never tell. To the latter, my response would be "not yet."
by Sic Vis Pacem
Fri Apr 17, 2020 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Upgrade Computer Before Law School?
Replies: 42
Views: 2101

Re: Upgrade Computer Before Law School?

I finished law school in 2012, so take this with a grain of salt, but even then every student lived on their computer. I can only suspect that's increased, not decreased. Think 6-12 hours a day between classes, outlines, notes, studying, etc, depending on your study style and whether exams/papers ar...
by Sic Vis Pacem
Wed Apr 08, 2020 3:25 pm
Forum: Investing - Theory, News & General
Topic: What percentage of your paycheck do you invest?
Replies: 268
Views: 17243

Re: What percentage of your paycheck do you invest?

25-30%, depending on bonuses for DW and I, not including her 401k match.
by Sic Vis Pacem
Sat Apr 04, 2020 8:59 pm
Forum: Personal Consumer Issues
Topic: Tempurpedic Topper
Replies: 9
Views: 619

Re: Tempurpedic Topper

The Tempurpedic mattress topper is a very good product, in my opinion. DW and I have had one on top of our traditional coil-spring mattress for over a year, and thoroughly appreciate it. I cannot say what it will do on top of a foam mattress, but the quality and feel is excellent.
by Sic Vis Pacem
Wed Mar 25, 2020 12:41 pm
Forum: Personal Consumer Issues
Topic: Thinking I should go car shopping amidst the panic
Replies: 106
Views: 11118

Re: Thinking I should go car shopping amidst the panic

Dealers around us are are closed due to the pandemic. I would very strongly suggest to you all NOT to go out for things you don’t absolutely need (like a car). My thought would be to buy online and then have it delivered and wait 10 days before using it. I'm guessing this will become routine in the...
by Sic Vis Pacem
Wed Mar 25, 2020 12:38 pm
Forum: Personal Consumer Issues
Topic: Thinking I should go car shopping amidst the panic
Replies: 106
Views: 11118

Re: Thinking I should go car shopping amidst the panic

DW and I are in the market for a new car sometime in the next 1-2 years. If the deals get good, we may move on this one. GM already offering 84 month 0% financing. Hyundai offering to pay 6 months of payments if you have a COVID job loss. I've tried searching for the information, but does anyone ha...
by Sic Vis Pacem
Wed Mar 25, 2020 11:37 am
Forum: Personal Consumer Issues
Topic: Thinking I should go car shopping amidst the panic
Replies: 106
Views: 11118

Re: Thinking I should go car shopping amidst the panic

DW and I are in the market for a new car sometime in the next 1-2 years. If the deals get good, we may move on this one. GM already offering 84 month 0% financing. Hyundai offering to pay 6 months of payments if you have a COVID job loss. I've tried searching for the information, but does anyone hav...
by Sic Vis Pacem
Tue Mar 24, 2020 1:56 pm
Forum: Investing - Theory, News & General
Topic: Should I have seen this coming?
Replies: 107
Views: 7589

Re: Should I have seen this coming?

Lots of people seem to be second-guessing themselves. Did you have a written plan before this happened? i did (and still do) - and it said (says) nothing about bailing out of stocks before or during a perceived crisis. We have had many crises and the stock market has always recovered and then proce...
by Sic Vis Pacem
Sat Mar 21, 2020 10:43 am
Forum: Investing - Theory, News & General
Topic: Should I have seen this coming?
Replies: 107
Views: 7589

Re: Should I have seen this coming?

I don't see the cognitive dissonance personally. Stocking up just moves future purchases into the present, you don't stand to lose anything. Canceling travel is a little different, you may stand to lose something (non-refundable purchases, experiences, etc) but still your downside is probably defin...
by Sic Vis Pacem
Sat Mar 21, 2020 9:45 am
Forum: Investing - Theory, News & General
Topic: Should I have seen this coming?
Replies: 107
Views: 7589

Re: Should I have seen this coming?

I have numerous facebook posts, emails, and chat logs from late January and early February warning anyone that would listen that this was going to get much worse. The equivalent of the notepad and timestamps discussed above. I even stocked up on food and medicine for my son and some critical supplie...