Search found 19 matches

by Rsanchez
Fri Nov 27, 2020 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: Defining your emergency savings account
Replies: 14
Views: 1326

Defining your emergency savings account

Novice question....

Is your 6-month emergency saving suppose to in cash only or otherwise? How do you have your emergency fund set up?

Thank you.
by Rsanchez
Wed Nov 11, 2020 11:44 pm
Forum: Personal Consumer Issues
Topic: Finding balance between responsibility and hedonism
Replies: 16
Views: 1499

Re: Finding balance between responsibility and hedonism

Thanks all for the candidness. A reality check is in order from time to time.

I’m going to steady the course and continue with my plan - which has been well guided by folks in this forum.

Stay safe!
by Rsanchez
Tue Nov 10, 2020 11:45 am
Forum: Personal Consumer Issues
Topic: Finding balance between responsibility and hedonism
Replies: 16
Views: 1499

Finding balance between responsibility and hedonism

Hi friends, I’m in a bit of philosophical dilemma of sorts. I want to buy a new vehicle but don’t need too. After finance and such, it’ll be about $500 per month. I have a car now, paid off. I can afford the new car payment but in the spirit of financial prudence I know I shouldn’t buy a new car and...
by Rsanchez
Mon Oct 21, 2019 8:03 am
Forum: Personal Consumer Issues
Topic: Use of online teaching platforms for income?
Replies: 3
Views: 685

Re: Use of online teaching platforms for income?

Thank you. Can you share your site? Did you use a third party platform like teachable to host your courses?
by Rsanchez
Sun Oct 20, 2019 11:06 pm
Forum: Personal Consumer Issues
Topic: Use of online teaching platforms for income?
Replies: 3
Views: 685

Use of online teaching platforms for income?

Hello Friends, I’ve been thinking about creating online courses in public health statistical analysis on platforms like data camp, udemy, and teachable. I’ve taught biostatistics at the undergraduate level, so I have some good resources. I also know SAS and R very well. My question is, do you or do ...
by Rsanchez
Sat Oct 12, 2019 9:34 pm
Forum: Personal Investments
Topic: Thinking through investment strategies and options for some cash
Replies: 24
Views: 2469

Re: Thinking through investment strategies and options for some cash

Hi Friends, Responding to the inquiries above. 1) Long and short term capital gains from brokerage account. -- VDIGX: $1,187 -- VFIAX: $1,813 2) Whole life policy surrender amount. --- No taxable gains reported from the surrender. 3) Annual contribution to 401K. --- $12,000 per year. This does not i...
by Rsanchez
Sun Oct 06, 2019 10:59 pm
Forum: Personal Investments
Topic: Thinking through investment strategies and options for some cash
Replies: 24
Views: 2469

Re: Thinking through investment strategies and options for some cash

Hi friends, I updated the original post. Wanted to share updated.

Thank you all.
by Rsanchez
Mon May 06, 2019 6:21 pm
Forum: Personal Investments
Topic: Thinking through investment strategies and options for some cash
Replies: 24
Views: 2469

Re: Thinking through investment strategies and options for some cash

Get rid of the expensive whole life policy. If you have dependents, then get a term life policy for a fraction of the cost. +1 It’s not clear from your posts whether you have an annuity, a whole life policy, or some mix of the two. If it’s an annuity, stop funding it NOW. Consider surrendering it b...
by Rsanchez
Mon May 06, 2019 5:36 pm
Forum: Personal Investments
Topic: Thinking through investment strategies and options for some cash
Replies: 24
Views: 2469

Re: Thinking through investment strategies and options for some cash

Hello friends, I need some further advise. I have gotten rid of all of my non-student loan debt, so now, my goal is to get to student loan debt zero. Here is the breakdown: Interest: $13,500 Principle: $79,000 Interest rate: 6.8% Here is my strategy: Step 1. Combine cash value of whole life and some...
by Rsanchez
Sat Mar 23, 2019 7:42 pm
Forum: Personal Investments
Topic: Thinking through investment strategies and options for some cash
Replies: 24
Views: 2469

Re: Thinking through investment strategies and options for some cash

Thank you all for your advice. My student loan is at 6.8% fixed. My credit debt is %16. Yikes Here are my next steps: - pay credit card debt Monday morning. - increase 401k. I may be able to do 10%, If not more Some more info and thoughts: - I have 3 months of saving - my car loan is $7.5k and the l...
by Rsanchez
Sat Mar 23, 2019 11:21 am
Forum: Personal Investments
Topic: Thinking through investment strategies and options for some cash
Replies: 24
Views: 2469

Re: Thinking through investment strategies and options for some cash

Thanks for the perspectives! Yes, my intent is to improve my financial situation for short term and long term needs. Nothing is imminent at the moment. I want to continue to let my money grow. I have several accounts because I was experimenting with options. The index funds in the brokerage account ...
by Rsanchez
Sat Mar 23, 2019 8:59 am
Forum: Personal Investments
Topic: Thinking through investment strategies and options for some cash
Replies: 24
Views: 2469

Thinking through investment strategies and options for some cash

*** Updates: 05/11/2020 ****; Hope everyone is doing well and your families are okay during these difficult times. No changes to my 401K and IRA contributions, however, I have a few questions and wanted your thoughts on a strategy. Here is my current situation with what debt I and monies I have to d...
by Rsanchez
Wed Feb 14, 2018 3:22 pm
Forum: Personal Investments
Topic: Pay tuition cash or use student loans and invest instead or both
Replies: 12
Views: 1037

Re: Pay tuition cash or use student loans and invest instead or both

A total of about 30K Not to pile on but if you are able to invest the money and make more, after taxes, then you might clear one percent if you do very well and don't take a lot of risk. 1% is only $300 which is not a life changing amount. Having $30K in debt could cause all sorts of problems if th...
by Rsanchez
Wed Feb 14, 2018 8:58 am
Forum: Personal Investments
Topic: Pay tuition cash or use student loans and invest instead or both
Replies: 12
Views: 1037

Re: Pay tuition cash or use student loans and invest instead or both

Thank you all! I appreciate the feedback.

As advised, I’ll steady the course. Cash is king.
by Rsanchez
Wed Feb 14, 2018 12:35 am
Forum: Personal Investments
Topic: Pay tuition cash or use student loans and invest instead or both
Replies: 12
Views: 1037

Pay tuition cash or use student loans and invest instead or both

Hi All, I am a working doctoral student. I’ve decided to pay for my PhD in cash. About $500 a month. The program is 4-5 years. A total of about 30K My question is - should I accept a loan for the full cost of tuition and put it in an established index fund, or another fund, and continue to make paym...
by Rsanchez
Tue Dec 12, 2017 1:57 am
Forum: Personal Finance (Not Investing)
Topic: Infuse Student Loan into Mortgage?
Replies: 31
Views: 3469

Re: Infuse Student Loan into Mortgage?

To the OP - I am very interested in your experience with this. Can you give us an update on what steps you took and how things turned out!


Big shout out to all of those who posted, an incredible amount of knowledge. +1

Warm Regards,

RSanchez
by Rsanchez
Mon Oct 02, 2017 9:37 pm
Forum: Personal Finance (Not Investing)
Topic: net income vs net asset => what do i make of it, and how to keep growing!
Replies: 7
Views: 1074

net income vs net asset => what do i make of it, and how to keep growing!

Hi all, Thanks for your support. Currently, my income is at 100K, have 100K in assets (mutual funds, retirement accounts, a few stocks, a bit of cash), and 100K in debt (student debt, and car loan). I follow the basic rules of paying myself first (investment accounts, savings, retirement, annuities)...
by Rsanchez
Sun Oct 01, 2017 11:39 am
Forum: Personal Finance (Not Investing)
Topic: Using investments to pay student loans.
Replies: 8
Views: 853

Re: Using investments to pay student loans.

Thanks, all!! I guess I am coming to terms with having such a debt burden when I can be using those same funds for financial growth. The mistake I made wasn't my degree or profession, it was going to such an expensive school on my dime - lesson learned. Paying something off over 20 years is mind-bog...
by Rsanchez
Sat Sep 30, 2017 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: Using investments to pay student loans.
Replies: 8
Views: 853

Using investments to pay student loans.

I have about 85K in student loans. Also have 90k in assets, mostly retirement accounts. Should I liquidate my assets, pay the loans, pay the tax penalties to free up that cash and restart investing my money into funds? Let me know what figures I can provide to give a better picture. Thank you. - RSa...