Search found 833 matches

by GCD
Tue May 21, 2019 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: Student loans
Replies: 11
Views: 694

Re: Student loans

I'm not familiar with the PAYE or IBR methods, but those may have popped up after my time. I paid off $50K in student loans several decades ago. The truth is you need to radically cut expenses and live a minimum wage lifestyle. Hopefully she doesn't have any kids, etc. that will hamper slashing her ...
by GCD
Tue May 21, 2019 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Very High Net Worth, elite private or “good” public
Replies: 227
Views: 13968

Re: Very High Net Worth, elite private or “good” public

...My wife and I both went to public schools and state colleges, and we're both successful and in the top 10% of household incomes and wealth. I always found it interesting that the same people who went to public school and were super successful, making millions, for some reason think it's really i...
by GCD
Mon May 20, 2019 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: Very High Net Worth, elite private or “good” public
Replies: 227
Views: 13968

Re: High net worth, elite private or “good” public

I think the bigger question is how involved you will be as parents... if you plan on being actively involved in their enrichment, then I don't know if it matters. The problem is that kids spend 8 hours at school and that is mentally draining. It's especially draining if the kid is bright, but being...
by GCD
Mon May 20, 2019 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Very High Net Worth, elite private or “good” public
Replies: 227
Views: 13968

Re: High net worth, elite private or “good” public

I'm not an expert on European education, but I've read a half dozen articles on it and the way they track kids into different programs at a young age seems really Orwellian. Just horrible, controlling and overbearing in an arrogant paternalistic kind of way. Ask a gifted kid from Europe to describe...
by GCD
Mon May 20, 2019 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Very High Net Worth, elite private or “good” public
Replies: 227
Views: 13968

Re: High net worth, elite private or “good” public

The most important thing in a school is to select and separate kids based on ability and intellectual levels and to promote some kind of competition. Most schools in US don't do this, private or public. I have to disagree. “The most important thing in a school is to select and separate kids based o...
by GCD
Mon May 20, 2019 11:14 am
Forum: Personal Finance (Not Investing)
Topic: FIRE - What am I missing in the News Stories
Replies: 223
Views: 13752

Re: FIRE - What am I missing in the News Stories

Annual expenses above $40k are usually for lavish lifestyles. Median household income was approx. $61,000 in 2017. You picked a pretty low number to set the lavish line at. What's your reasoning for picking that number? 40K take home in a LCOL area you can live really good. I guess it's all a matte...
by GCD
Mon May 20, 2019 10:51 am
Forum: Personal Finance (Not Investing)
Topic: FIRE - What am I missing in the News Stories
Replies: 223
Views: 13752

Re: FIRE - What am I missing in the News Stories

Seems to me that most of the young, FIRE types are just hippies mooching off others and calling it retirement. Ha ha. Don't hold back. Tell us how you really feel. I like your blunt posts. Annual expenses above $40k are usually for lavish lifestyles. Median household income was approx. $61,000 in 2...
by GCD
Sun May 19, 2019 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: Very High Net Worth, elite private or “good” public
Replies: 227
Views: 13968

Re: High net worth, elite private or “good” public

Parenting is 50% of the equation. 40% is the child. 10% is the school. It'd be helpful if you can elaborate on parenting part in improve the situation or his motivation and grade overall. This board is, IMO, notoriously bad at giving parenting advice except for kids that have to choose between Harv...
by GCD
Sun May 19, 2019 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: Very High Net Worth, elite private or “good” public
Replies: 227
Views: 13968

Re: High net worth, elite private or “good” public

I find amazing that people judge the value of a school by arts and sports programs. Nobody seems to say: that school is good, it teaches kids a lot of math, physics, chemistry or biology. That school got gold in math Olympics. Really, sports? Ha Ha. Yeah, no kidding. I once lived in Rapid City, SD....
by GCD
Sat May 18, 2019 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: Very High Net Worth, elite private or “good” public
Replies: 227
Views: 13968

Re: High net worth, elite private or “good” public

I was referring to high school students driving BMWs and other cars that IMO a high school student should not have access to. So how does this work if the family car is a BMW? The inherent problem with being high wealth is your kids will inevitably live a high net worth lifestyle. In the long run, ...
by GCD
Sat May 18, 2019 7:19 pm
Forum: Personal Consumer Issues
Topic: Hiking shoe suggestion for supinators/under-pronators
Replies: 18
Views: 961

Re: Hiking shoe suggestion for supinators/under-pronators

I supinate as well and have worn running shoes for supinators back when I was running more. I have found that I didn't need them in a hiking boot, although there is a distinctive wear pattern in the heel after I've put some miles on them. I have found that anything by Vasque in one of the hybrid fab...
by GCD
Sat May 18, 2019 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: Very High Net Worth, elite private or “good” public
Replies: 227
Views: 13968

Re: High net worth, elite private or “good” public

Be very careful about hidden costs of forced donations. Its mostly with top 10 boarding schools but has trickled down into many day schools. It usually requires an additional 25-50k a year in donations depending on the school. They get you 2 ways. One, if you have a sibling they will not allow that...
by GCD
Sat May 18, 2019 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Very High Net Worth, elite private or “good” public
Replies: 227
Views: 13968

Re: High net worth, elite private or “good” public

Also with grade-inflation (almost any average student gets a 4.0 GPA now) and SAT scores clustering to 1500-1600 they are becoming more of a bare-minimum entry-criteria and emphasis on extra-curricular achievement is increasing. This is a point I recently made to my kids. Their HS 50th percentile G...
by GCD
Sat May 18, 2019 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: Very High Net Worth, elite private or “good” public
Replies: 227
Views: 13968

Re: High net worth, elite private or “good” public

Yeah, I can see why you are considering this move. In response to a couple of replies... School ending time can vary depending on your kids' activities. Even in middle school (6-8th grades around here) my kids varied in after school activities, sports, etc. This gave quite a variation in when they n...
by GCD
Sat May 18, 2019 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: Careers in art
Replies: 91
Views: 4664

Re: Careers in art

College is NOT a place for a person to "FIND THEMSELVES", it absolutely is vocational job training. College isn't and shouldn't be just a vocational program. It's an opportunity for kids to learn how to think, how to find their own path, to be exposed to different people and opinions. It should giv...
by GCD
Sat May 18, 2019 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 952
Views: 253676

Re: Share your net worth progression

There are 2 posters on this page alone . One with an income " north of 2 million " and another " over 3 million ".... :shock: Anybody else feeling intimidated .. Lol . I start to feel like I am poverty stricken and then I see an article online about the average net worth of a retired American and t...
by GCD
Sat May 18, 2019 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Very High Net Worth, elite private or “good” public
Replies: 227
Views: 13968

Re: High net worth, elite private or “good” public

I’ve already read every private school post on this board :) I've posted in about 5 of those threads so I'll try not to be redundant. Currently the elementary /middle / and high schools are all “B” rated schools (7/10 great school rankings). We have the option to send all 3 children next year to a ...
by GCD
Fri May 17, 2019 8:39 pm
Forum: Personal Consumer Issues
Topic: Why do plumbers get paid so well?
Replies: 84
Views: 6126

Re: Why do plumbers get paid so well?

Sandtrap wrote:
Fri May 17, 2019 8:19 pm
It's not just the "trade", it's the business.
:D
I hear that's the case for a great many professions.
by GCD
Fri May 17, 2019 6:17 pm
Forum: Personal Consumer Issues
Topic: Why do plumbers get paid so well?
Replies: 84
Views: 6126

Re: Why do plumbers get paid so well?

Ping Pong wrote:
Fri May 17, 2019 3:50 pm
They don’t get paid while they’re waiting for you to call them.
Neither do lawyers.
by GCD
Fri May 17, 2019 6:08 pm
Forum: Personal Consumer Issues
Topic: Arc'teryx - Anyone else here splurge?
Replies: 30
Views: 3874

Re: Arc'teryx - Anyone else here splurge?

It depends what you do with them. Most "gear" is sold to people who walk with it n the parking lot, between the car and the cubicle. Or go in dangerous places like Europe with mild weather and plenty of shop and restaurants to get in. I ski ~15 days a year (from Lake Placid to California over the y...
by GCD
Fri May 17, 2019 4:30 pm
Forum: Personal Consumer Issues
Topic: Arc'teryx - Anyone else here splurge?
Replies: 30
Views: 3874

Re: Arc'teryx - Anyone else here splurge?

I'm more of a Mountain Hardware guy, but I do have an Arc'teryx backpack that seems to be just perfect for a day pack. Traveling, hiking, whatever. It's held up fantastic. Maybe going on 10-15 years old now. I may have to give their other stuff another look. But I'm pretty well set with multiple set...
by GCD
Wed May 15, 2019 7:19 pm
Forum: Personal Consumer Issues
Topic: How long will a shirt last?
Replies: 34
Views: 2556

Re: How long will a shirt last?

I think will buy 100 of them, and then buy another 20 in a larger size in case I gain some weight. Now that I think about it, I should probably buy enough to last at least 25 years. Wow. That's some dedication! I was going to remark that I can't imagine getting that excited over a piece of clothing...
by GCD
Wed May 15, 2019 7:10 pm
Forum: Personal Consumer Issues
Topic: How long will a shirt last?
Replies: 34
Views: 2556

Re: How long will a shirt last?

This is regular cotton, not premium or low-grade - just a normal cotton white shirt like this (https://www.amazon.com/Calvin-Klein-Undershirts-Classics-Tshirts/dp/B0119GA800/) Will it survive 100 washes? I have no experience with Calvin Klein specifically. Obviously this depends on brand. I have ha...
by GCD
Tue May 14, 2019 7:27 pm
Forum: Personal Finance (Not Investing)
Topic: I accidentally retired, and need tax advice
Replies: 48
Views: 6204

Re: I accidentally retired, and need tax advice

Congrats on your retirement. :beer
by GCD
Tue May 14, 2019 5:30 pm
Forum: Investing - Theory, News & General
Topic: Bloomberg article on American and a bit of Vanguard
Replies: 3
Views: 431

Re: Bloomberg article on American and a bit of Vanguard

...took the trend to the extreme in August by offering the industry’s first zero-fee indexed mutual funds. We should start a pool to guess the date someone offers to pay you to have funds under management. Zero fee is already a money loser for them since it costs something to run an index fund. Why...
by GCD
Sun May 12, 2019 8:12 pm
Forum: Personal Finance (Not Investing)
Topic: Move out or stay at my parents?
Replies: 70
Views: 4744

Re: Move out or stay at my parents?

I'll keep it short. Move out.
by GCD
Sun May 12, 2019 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Inherited ranch
Replies: 97
Views: 7766

Re: Inherited ranch

The family issue complicates it beyond simple financial fundamentals. Personally, I don't like to mix money and friends or money and family, although the first is a little easier to avoid. Money + family is inevitable when dealing with wills, etc. I would try to extract myself from this. As posted a...
by GCD
Sat May 11, 2019 8:11 pm
Forum: Personal Consumer Issues
Topic: Preventing motion sickness in children
Replies: 6
Views: 520

Re: Preventing motion sickness in children

Candied ginger? It might be too spicy for a 6 year old. That's what my wife and I use when boating. Natural Dramomine uses ginger as its active ingredient and each pill contains 1 gram of powdered ginger. We calculated that we could buy a one year supply of candied ginger at Whole Foods or anywhere ...
by GCD
Sat May 11, 2019 8:39 am
Forum: Personal Finance (Not Investing)
Topic: College Expenses
Replies: 232
Views: 10891

Re: College Expenses

I would imagine eventually grad/professional schools will have to start looking at class rank instead of GPA. My kids are only in HS, but I found out from one of the guidance counselors that a B+ average is 50th percentile at their HS. Grade inflation is a real thing and the higher up the food chain...
by GCD
Fri May 10, 2019 7:33 am
Forum: Personal Consumer Issues
Topic: Recycling Different Plastics
Replies: 48
Views: 2502

Re: Recycling Different Plastics

I keep things simple. Everything goes in the trash, including the recycle bins. Done. I'm sure your children and grandchildren will approve of this in the coming years. Not. Although perhaps overly sarcastic, Dan is not far off the mark. If you dig into the realities of recycling you will find that...
by GCD
Thu May 09, 2019 6:33 pm
Forum: Personal Consumer Issues
Topic: Home Safe...Looking for advice
Replies: 19
Views: 2388

Re: Home Safe...Looking for advice

Rather than link to all of them, I'll just suggest searching "break into a safe" on youtube. Obviuously a cheap one isn't very useful. Also, anything small enough to be taken off premises is not useful. It depends on what you are protecting against. Fire, theft? In the range of the small, 2 hour fir...
by GCD
Thu May 09, 2019 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: College Expenses
Replies: 232
Views: 10891

Re: College Expenses

LOL, this board never has discussions about kids with A- averages, 1200 SATs, who played varsity baseball but weren't state champs and who only volunteered at the soup kitchen 3 days a week! Everybody's kid is above average, here: WAY above average. This discussion is always fun, but in the real wo...
by GCD
Thu May 09, 2019 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: College Expenses
Replies: 232
Views: 10891

Re: College Expenses

LOL, this board never has discussions about kids with A- averages, 1200 SATs, who played varsity baseball but weren't state champs and who only volunteered at the soup kitchen 3 days a week!
by GCD
Wed May 08, 2019 12:18 pm
Forum: Personal Consumer Issues
Topic: wedding gift value
Replies: 80
Views: 4184

Re: wedding gift value

stoptothink wrote:
Wed May 08, 2019 12:12 pm
I think we all have attended weddings where we barely know, and may not have even ever met, the bride and/or groom.
Nope, I never have, Nor has my wife. Nor has anyone I've ever met.

Seriously.

We obviously travel in some different social circles!
by GCD
Wed May 08, 2019 12:14 pm
Forum: Personal Consumer Issues
Topic: wedding gift value
Replies: 80
Views: 4184

Re: wedding gift value

There's a lot of talk in this thread about people "guilted" into a certain price of gift. I think it's a stretch to argue guilt is a widespread factor in wedding gift giving. Even if you are trying to cover the price of your meal the driving emotion could be generosity as easily, or more likely, tha...
by GCD
Wed May 08, 2019 7:53 am
Forum: Personal Consumer Issues
Topic: Island life?
Replies: 54
Views: 6828

Re: Island life?

I can't opine on island life from personal experience, but I can speak to "test driving" a vacation location. We moved to a favorite vacation destination, Rapid City, SD. It also had the advantage of being in a state where I already had relatives and where there were several family owned ranches and...
by GCD
Tue May 07, 2019 5:25 pm
Forum: Personal Consumer Issues
Topic: wedding gift value
Replies: 80
Views: 4184

Re: wedding gift value

- Destination weddings: Never been invited to one, but if I were I wouldn't go. Maybe if I were the best man or something, but I'm not going to blow vacation time to travel to your choice of destination. You can have a $50 gift though. - People outside my close friend circle: I don't go. I buy somet...
by GCD
Sun May 05, 2019 8:01 pm
Forum: Personal Consumer Issues
Topic: Outdoor Jacuzzi - Cost vs Value?
Replies: 22
Views: 2328

Re: Outdoor Jacuzzi - Cost vs Value?

I never owned one, but an old girlfriend of mine had a rooftop jacuzzi on her house in Hermosa Beach. It made her popular with me.
by GCD
Fri May 03, 2019 8:44 pm
Forum: Personal Consumer Issues
Topic: Frugality regret: What thing do you regret not spending on?
Replies: 208
Views: 45998

Re: Frugality regret: What thing do you regret not spending on?

In 1993 I was working at a summer job in Alaska. For $200 I could have gone on a photo trip to take relatively close up photos of Kodiak Brown Bears. I didn't do it because I thought it was too expensive and "this place is so awesome I'm coming back to live and work here full-time." Yup, 26 years an...
by GCD
Fri May 03, 2019 3:08 pm
Forum: Personal Consumer Issues
Topic: Rarely used items that are worth having?
Replies: 112
Views: 10850

Re: Rarely used items that are worth having?

Wellfleet wrote:
Fri May 03, 2019 9:53 am
a snow roof rake
I had no idea such a thing existed. This is actually something different from a regular rake?
by GCD
Thu May 02, 2019 7:59 am
Forum: Personal Consumer Issues
Topic: Hiring a contractor to cut down some trees....what should I be aware of?
Replies: 89
Views: 5002

Re: Hiring a contractor to cut down some trees....what should I be aware of?

Do any of you feel bad when someone spends time (and gas money) giving you a free estimate and you choose not to do business with them? :) I used to own a tree removal company. This happens all the time. No big deal. They won't feel bad, neither should you. How much is typically paid up front in a ...
by GCD
Thu May 02, 2019 7:31 am
Forum: Personal Finance (Not Investing)
Topic: 20 countries where 200K in retirement savings will last you decades
Replies: 232
Views: 27279

Re: 20 countries where 200K in retirement savings will last you decades

So out of curiosity I looked for rankings of countries by cost of living. Then I found this list:https://www.numbeo.com/cost-of-living/rankings.jsp It's a list of 433 major cities around the world ranked by cost of living. It reiterates the point many have been making here that where you live in a ...
by GCD
Wed May 01, 2019 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: 20 countries where 200K in retirement savings will last you decades
Replies: 232
Views: 27279

Re: 20 countries where 200K in retirement savings will last you decades

The whole thread is about opinions, and every assertion that some places are best are an assertion that any other person’s differing assertions are wrong, so I’m not sure where you’re going with this. Spinola was being argumentative and inciteful with the American Exceptionalism snarkiness. It's no...
by GCD
Wed May 01, 2019 8:35 pm
Forum: Personal Consumer Issues
Topic: Should we go out of state during a painting project?
Replies: 14
Views: 1094

Re: Should we go out of state during a painting project?

bob60014 wrote:
Wed May 01, 2019 8:22 pm
SevenBridgesRoad wrote:
Wed May 01, 2019 7:43 pm
This is not a reality show where you've trusted your house to Joanna and Chip.
??? Who the heck are these people?
https://en.wikipedia.org/wiki/Fixer_Upper_(TV_series)
by GCD
Wed May 01, 2019 8:23 pm
Forum: Personal Finance (Not Investing)
Topic: 20 countries where 200K in retirement savings will last you decades
Replies: 232
Views: 27279

Re: 20 countries where 200K in retirement savings will last you decades

So out of curiosity I looked for rankings of countries by cost of living. Then I found this list:https://www.numbeo.com/cost-of-living/rankings.jsp It's a list of 433 major cities around the world ranked by cost of living. It reiterates the point many have been making here that where you live in a c...
by GCD
Wed May 01, 2019 6:53 pm
Forum: Personal Consumer Issues
Topic: Should we go out of state during a painting project?
Replies: 14
Views: 1094

Re: Should we go out of state during a painting project?

Are you sure you want to leave your house to a contracted stranger for that period of time?? We were home the entire time we had painters in the house and one of them who was an addict stole some old painkillers my wife had left over from an old injury. We know for a fact this happened because the ...
by GCD
Wed May 01, 2019 3:03 pm
Forum: Personal Consumer Issues
Topic: Off Road Driving Schools
Replies: 7
Views: 783

Re: Off Road Driving Schools

I saw off road driving school in the title and immediately thought of DirtFish (up in Washington state). Sorry, I think that's a little too exciting for what OP wanted. That looks interesting but not really my thing. This is more what I had in mind. http://i66.tinypic.com/2ro23q0.jpg Check out the ...
by GCD
Wed May 01, 2019 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: What if I Never Buy a House?
Replies: 109
Views: 15669

Re: What if I Never Buy a House?

I'm just repeating a lot of what others have said, but I'll repeat for emphasis in case it hasn't sunk in. Live your life and don't worry about buying. I didn't own a house until I was 36 years old and got married. My wife already had a house and I just moved in. We bought a slightly larger house sh...