Search found 233 matches

by getthatmarshmallow
Sun Dec 09, 2018 4:28 pm
Forum: Personal Consumer Issues
Topic: Teachers, Professors, and others with lots of vacation days: what do you do in the summer?
Replies: 36
Views: 2633

Re: Teachers, Professors, and others with lots of vacation days: what do you do in the summer?

Being an academic in the humanities means there's a sense in which I'm never off mentally -- tenure and promotion require research, and teaching improvements, and the summer is the best time to get extra work done on that, plus my work is something of a vocation -- but my contract is indeed for nine...
by getthatmarshmallow
Mon Dec 03, 2018 5:48 pm
Forum: Personal Consumer Issues
Topic: Best values at Costco? Honestly, a little disappointed...
Replies: 149
Views: 15741

Re: Best values at Costco? Honestly, a little disappointed...

The thing with Costco, IME, is that one of two things is often true: 1) The price is good for whatever the thing is, but only the premium version of the thing is available. (E.g., organic pasta, but not regular non-organic pasta.) 2) The price is competitive for whatever the thing is, but the thing ...
by getthatmarshmallow
Mon Dec 03, 2018 1:13 pm
Forum: Investing - Theory, News & General
Topic: Older Dads - how do you plan for your own retirement while still raising kids?
Replies: 38
Views: 5048

Re: Older Dads - how do you plan for your own retirement while still raising kids?

An older mom here, and while it's a ways off yet, I'll be 55 when the youngest starts college, and the answer is basically: 1) Scrimp a lot. 1) is possible without feeling too deprived because our income is moderately high for our area. Perhaps as your kids get older your wife can pick up some work ...
by getthatmarshmallow
Fri Nov 30, 2018 6:24 pm
Forum: Personal Consumer Issues
Topic: Guy's Western US Ski Trip - suggestions?
Replies: 44
Views: 2360

Re: Guy's Western US Ski Trip - suggestions?

You said you're ruling out Utah, but I'll post this anyhow. We've done Snowbird, Alta, Park City over the years. But our best trip overall was to Snowbasin (near Ogden). This was several years ago though, and I don't know if things are still the same there. Utah is hard to beat for short trips, sin...
by getthatmarshmallow
Wed Nov 28, 2018 10:31 pm
Forum: Personal Finance (Not Investing)
Topic: How did YOU choose your career?
Replies: 148
Views: 8506

Re: How did YOU choose your career?

I'm a college professor. I was headed for a STEM career, but I had to take an introductory humanities seminar as a freshman. The professor noticed that I had some talent, I took some more courses, changed my major from the sciences (high GPA but hated lab), and one of them tried to talk me into grad...
by getthatmarshmallow
Tue Nov 20, 2018 10:55 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 8502
Views: 1666786

Re: U.S. stocks in freefall

Oh, you loons made me check. Up 0.5% for the year. I've only been managing my own portfolio instead of socking it all in a target date fund this past year, so I apparently missed when this happened in 2016, and in 2011. Ignoring it then seemed to be a good strategy that I stumbled into by accident. ...
by getthatmarshmallow
Tue Nov 20, 2018 8:49 am
Forum: Personal Finance (Not Investing)
Topic: Is my husband ready to quit tenured professorship to pursue side hustle?
Replies: 97
Views: 10380

Re: Is my husband ready to quit tenured professorship to pursue side hustle?

It's not too much of an exaggeration that my goal in saving is to ensure that I can take a buyout, should it be offered when I'm in my early 60s. Though like many professors also can see myself working until much older, assuming good health. The only thing that makes me hesitate in your case is your...
by getthatmarshmallow
Sat Nov 17, 2018 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: How Long / Hard To Become a Millionaire on Under $100k Income
Replies: 133
Views: 12292

Re: How Long / Hard To Become a Millionaire on Under $100k Income

It's doable, if you're in a lowish cost of living area and your expenses are low. It will take us about 20 years (moving average income is under $100K over the past decade, but likely higher going forward as it doubled in 2016.) It requires not just diligence (the first few years are slow going) but...
by getthatmarshmallow
Thu Nov 08, 2018 11:05 pm
Forum: Personal Finance (Not Investing)
Topic: If expenses are low, are some of us over saving?
Replies: 120
Views: 11937

Re: If expenses are low, are some of us over saving?

Quite possibly, but it's not a problem unless one feels that one is missing out on life, and that's a very personal decision. I'm reasonably certain we would just be fine with social security and a paid-off house, once we're in our 60s or 70s, as my grandparents lived very comfortable, modest lives ...
by getthatmarshmallow
Wed Nov 07, 2018 12:38 am
Forum: Personal Finance (Not Investing)
Topic: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?
Replies: 180
Views: 11170

Re: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?

I think a lot of the anti-LCOL arguments here are actually straw man arguments against VLCOL, i.e. remote rural areas, which have their own plusses and minuses. I don't think that's the type of area that *most* people are considering when they're thinking about building wealth in a LCOL area. The D...
by getthatmarshmallow
Sun Nov 04, 2018 10:05 pm
Forum: Personal Finance (Not Investing)
Topic: Teaching kids there is an ample amount of money
Replies: 108
Views: 8064

Re: Teaching kids there is an ample amount of money

There's surely at least three questions here, and I think they're all important, and hard to figure out. 1) How to talk to kids about family wealth, especially when it may be out of step with their peer group. 2) How to teach kids how to be responsible with money, and how to correlate it with hard w...
by getthatmarshmallow
Tue Oct 30, 2018 10:17 am
Forum: Personal Finance (Not Investing)
Topic: Am I doing well financially?
Replies: 162
Views: 12760

Re: Am I doing well financially?

I imagine that if these salaries are new there's a lot of delayed gratification spending going on. But you're not in bad shape. You're not in bulletproof shape, and there's room for improvement. If it were me, I'd make it a goal to save 25-30% -- 401K, Roth IRA, then taxable. You can probably do tha...
by getthatmarshmallow
Tue Oct 30, 2018 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Calculating ROI for PhD
Replies: 86
Views: 4847

Re: Calculating ROI for PhD

The data are very noisy, but the usual rule of thumb is that the PhD is unlikely in most fields to lead to a monetary benefit over a bachelor's or a master's degree, and that the reason to do the PhD is that you like doing research, or that the job you want requires it (usually but not exclusively t...
by getthatmarshmallow
Tue Oct 30, 2018 8:07 am
Forum: Personal Finance (Not Investing)
Topic: Girlfriend's Student Loans
Replies: 101
Views: 9349

Re: Girlfriend's Student Loans

I'm wondering if her debt includes a master's degree. While parents can take out plenty of loans for undergraduate expenses, usually the student can't borrow too much as an undergrad. Regardless, while it's a lot of money, it's likely not a good indicator of her general attitude toward money. Plenty...
by getthatmarshmallow
Mon Oct 15, 2018 9:38 pm
Forum: Personal Finance (Not Investing)
Topic: Kids not interested in money / allowance
Replies: 50
Views: 5080

Re: Kids not interested in money / allowance

Mine are littler, but honestly I wouldn't worry about it too much. They don't care much about money. If it's because they have everything they want, well, that's compatible with two explanations: either they are given everything they want and are subsequently spoiled, or they simply don't want all t...
by getthatmarshmallow
Mon Oct 15, 2018 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: Kids and Money
Replies: 38
Views: 1888

Re: Kids and Money

Kids are pretty perceptive, and they'll figure out at some point that their family is well-off when others aren't. If you're in a position that your children would theoretically never have to work, you're quite wealthy, and that means that even if you're reasonably frugal and not flashy with your mo...
by getthatmarshmallow
Mon Oct 08, 2018 11:35 am
Forum: Investing - Help with Personal Investments
Topic: Term life success! Thank you Bogles!
Replies: 3
Views: 842

Re: Term life success! Thank you Bogles!

Question on this. Wife and I (in our mid 30s) each have around ~$450k in life insurance thru work policies at around $6/mo each maybe; is term life still recommended if we have this? The problem with policies through your employer is that they go away if you lose or change jobs. At that point, you ...
by getthatmarshmallow
Sat Oct 06, 2018 4:35 pm
Forum: Investing - Help with Personal Investments
Topic: Term life success! Thank you Bogles!
Replies: 3
Views: 842

Term life success! Thank you Bogles!

Just wanted to thank everyone here for inspiring me to "adult" and get around to getting term life insurance. Spouse and I both have some coverage through work, and always viewed each other as the "insurance policy" as we both work, but with two little kids we figured we needed some extra security. ...
by getthatmarshmallow
Sat Oct 06, 2018 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: What is your annual cost for health insurance?
Replies: 137
Views: 10077

Re: What is your annual cost for health insurance?

Employer-provided HDHP, which is incentivized with $120/month into my HSA. The standard HMO/PPO option cost $150/month for a family of four, so when I switched plans, I rolled my "contribution" into my HSA. Our deductible is $3K/person; $7K/family, but with four healthy people, well-child visits com...
by getthatmarshmallow
Fri Oct 05, 2018 12:11 pm
Forum: Investing - Theory, News & General
Topic: Correlation between the FIRE movement and one of the greatest bull markets
Replies: 158
Views: 13972

Re: Correlation between the FIRE movement and one of the greatest bull markets

I think the 2008 recession is also a factor. Millennials saw how quickly people can lose their jobs and have their career derailed. I hope to have the option of working until I'm ready to quit, but I'm aware that it might not be up to me. +1. My career went sideways in 2009, and it's had the effect...
by getthatmarshmallow
Tue Oct 02, 2018 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: Root of Good's cost of raising a child: $3,300 per year
Replies: 163
Views: 5767

Re: Root of Good's cost of raising a child: $3,300 per year

My worry would be that it would be bad to prize frugality over developing skills (swimming lessons, e.g.) that are best learned in childhood. My parents taught me to swim at no cost. Parents can teach kids lots of skills, but it does require patience, empathy, and understanding. +1 every life skill...
by getthatmarshmallow
Tue Oct 02, 2018 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: Root of Good's cost of raising a child: $3,300 per year
Replies: 163
Views: 5767

Re: Root of Good's cost of raising a child: $3,300 per year

Back on topic , it's been a while since anyone has commented on means they've found to reduce the cost of raising children. -Cook at home, and avoid eating out or relying on convenience foods -Most things can be found or free or inexpensively secondhand. A friend gave me a pricey jogging stroller, ...
by getthatmarshmallow
Tue Oct 02, 2018 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: Root of Good's cost of raising a child: $3,300 per year
Replies: 163
Views: 5767

Re: Root of Good's cost of raising a child: $3,300 per year

My worry would be that it would be bad to prize frugality over developing skills (swimming lessons, e.g.) that are best learned in childhood. My parents taught me to swim at no cost. Parents can teach kids lots of skills, but it does require patience, empathy, and understanding. I hope you aren't s...
by getthatmarshmallow
Tue Oct 02, 2018 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: Root of Good's cost of raising a child: $3,300 per year
Replies: 163
Views: 5767

Re: Root of Good's cost of raising a child: $3,300 per year

For those who are suggesting that these kids are not being well cared for, I'd suggest that you dig into the blog posts a bit more. They cook amazing food at home all the time, they travel to incredible destinations on a regular basis, and their kids always look happy. Despite the fact that they sp...
by getthatmarshmallow
Tue Oct 02, 2018 11:06 am
Forum: Personal Finance (Not Investing)
Topic: Root of Good's cost of raising a child: $3,300 per year
Replies: 163
Views: 5767

Re: Root of Good's cost of raising a child: $3,300 per year

I'm curious about the methodology that the USDA uses. How does one calculate the transportation costs for a two-year-old? Daycare is our biggest non-mortgage expense, but "saving money" by having one parent out of the workforce may be a problem years down the road. I know a lot of SAHMs who are havi...
by getthatmarshmallow
Sun Sep 30, 2018 8:03 am
Forum: Personal Consumer Issues
Topic: College Student Performance Issues
Replies: 83
Views: 4675

Re: College Student Performance Issues

As a college prof, my $0.02: 1) Google "lawnmower parent." Don't be that. Right now she's learning that if she screws up it doesn't matter, because daddy pays for it anyway. College is still a relatively safe place to fall on your face. 2) If your daughter has a diagnosed disability, she (not you) n...
by getthatmarshmallow
Fri Sep 28, 2018 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: New Relationship - Best way to handle finances?
Replies: 92
Views: 6953

Re: New Relationship - Best way to handle finances?

You know the phrase about what happens when you get world leaders in a room, you get the sum of their fears? When you ask Bogleheads about relationship finances, you get the sum(s) of their ex-wives. I'm wondering if while you were dating you fell into the habit of always picking up the tab/treating...
by getthatmarshmallow
Fri Sep 28, 2018 6:17 am
Forum: Personal Consumer Issues
Topic: Suggestions on Phonics & Reading programs for 4 year old? Pre-K to Kindergarten
Replies: 27
Views: 1278

Re: Suggestions on Phonics & Reading programs for 4 year old? Pre-K to Kindergarten

We consistently read to our now five-year-old for years, but what I think flipped the switch for him last fall were apps for the Kindle called Endless Reader and Endless Alphabet, which he played on a long car trip during a family vacation. (It was his first experience with the Kindle, and it's most...
by getthatmarshmallow
Wed Sep 26, 2018 6:36 pm
Forum: Personal Consumer Issues
Topic: Losing Passion for Hobbies. Cheap or normal aging?
Replies: 71
Views: 9108

Re: Losing Passion for Hobbies. Cheap or normal aging?

Lots of people here mentioning kids and other family obligations getting in the way of their hobbies. I get that, but OP doesn't have kids. I'm guessing there's a big dose of obsession over finances mixed with some mild depression or other psychological issue: "loss of motivation", "sense of guilt"...
by getthatmarshmallow
Tue Sep 25, 2018 10:48 am
Forum: Personal Consumer Issues
Topic: Minimalist Lifestyle
Replies: 92
Views: 11767

Re: Minimalist Lifestyle

I tend not to accumulate a lot of things and would be happy in a studio apartment were I by myself, but I find the trend toward minimalism more often about obnoxious posturing ("I own only 100 items discounting all of the things that I can count as jointly owned with my family") than any real virtue...
by getthatmarshmallow
Mon Sep 24, 2018 10:36 am
Forum: Personal Consumer Issues
Topic: Acoustic Pianos
Replies: 42
Views: 2134

Re: Acoustic Pianos

livesoft wrote: ↑
Mon Sep 24, 2018 10:26 am
We've had two Yamaha upright pianos for decades.
Why two?
by getthatmarshmallow
Mon Sep 24, 2018 10:30 am
Forum: Personal Consumer Issues
Topic: Acoustic Pianos
Replies: 42
Views: 2134

Re: Acoustic Pianos

Go here: pianobuyer.com. It will have all the information you need and then some, as well as recommendations by price point and value. MSRP are usually huge markups and the site will help you figure out what's reasonable. You'll find a wide range of responses. If your kids are just starting you may ...
by getthatmarshmallow
Wed Sep 19, 2018 6:00 pm
Forum: Investing - Theory, News & General
Topic: Convince a friend to go Boglehead
Replies: 17
Views: 1058

Re: Convince a friend to go Boglehead

I honestly think that if someone is going to be a good candidate for managing their money, they have to be the one actively seeking it out. Plant the seed, sure, but someone who has to be hounded into it probably won't be able to stay the course. If his money guy keeps him from bailing when the mark...
by getthatmarshmallow
Tue Sep 18, 2018 5:25 pm
Forum: Investing - Theory, News & General
Topic: Is there such thing as saving TOO much?
Replies: 78
Views: 7157

Re: Is there such thing as saving TOO much?

Under $200 is pretty tough, but under $250 is easy. We usually come in around $220 - maybe we could get it lower at WinCo instead of Walmart, not sure. But Walmart will bring the groceries to the car so my wife doesn't have to get the toddler in and out so much. Not sure if WinCo does that. It's ju...
by getthatmarshmallow
Tue Sep 18, 2018 10:46 am
Forum: Investing - Theory, News & General
Topic: Is there such thing as saving TOO much?
Replies: 78
Views: 7157

Re: Is there such thing as saving TOO much?

Transportation--I have a car. This may be my biggest expense...which is still relatively cheap (Small car--paid for--good gas mileage--900$/yr insurance) Utilities are included with my rent to my Dad. Like I said, I am in a situation that I'm sure a lot of people my age are not in. So I am taking a...
by getthatmarshmallow
Mon Sep 17, 2018 12:48 pm
Forum: Personal Consumer Issues
Topic: a low grade in a 9th-grade test
Replies: 44
Views: 3540

Re: a low grade in a 9th-grade test

At some point in schooling your natural ability runs out, and you have to "learn how to learn." This is a meta-skill that will help them the rest of their lives, and includes things like how to take notes, how to study, how to ask teachers for help, and how to form study groups. Other supporting sk...
by getthatmarshmallow
Sat Sep 15, 2018 2:24 pm
Forum: Personal Consumer Issues
Topic: The twenty dollar rule revisited
Replies: 44
Views: 5210

Re: The twenty dollar rule revisited

I think I would be inclined to set a budget rather than a dollar amount above which one had to ask permission for purchases. Suppose you spend $7 a day on coffee and muffins and she goes out twice and spends $60 on housewares and make-up. At the end of the month, you've spent more, but she's the onl...
by getthatmarshmallow
Fri Sep 14, 2018 11:22 am
Forum: Personal Finance (Not Investing)
Topic: If you're FI, or close to FI, are still fighting to climb the Corp. Ladder?
Replies: 118
Views: 11632

Re: If you're FI, or close to FI, are still fighting to climb the Corp. Ladder?

Not near FI yet, but reached a major career milestone last year and not sure what my next steps are. I've pretty consistently picked autonomy over income my entire career, and autonomy is more valuable to me than ever before with young children around. Spouse could be making more money, but doing so...
by getthatmarshmallow
Thu Sep 13, 2018 9:55 pm
Forum: Personal Finance (Not Investing)
Topic: Massive Student Loan Debt - Fiancee
Replies: 108
Views: 10530

Re: Massive Student Loan Debt - Fiancee

I don't think you're shallow -- finances are important. But I also don't see any reason to think your concerns are valid, at least not from what you've said, because it doesn't seem like you've had an in-depth conversation with her. She has debt, and she didn't do what you would have done with extra...
by getthatmarshmallow
Thu Sep 13, 2018 8:31 am
Forum: Personal Consumer Issues
Topic: 401k "advice" to my associates
Replies: 51
Views: 2242

Re: 401k "advice" to my associates

I don't think the skip-a-latte advice is all that great, and I remember at that age finding it somewhat insulting, to be honest. The idea that if anyone has any discretionary money they're an irresponsible slacker who needs to be educated really isn't a fair assumption, and however well intentioned...
by getthatmarshmallow
Wed Sep 12, 2018 6:43 pm
Forum: Personal Consumer Issues
Topic: 401k "advice" to my associates
Replies: 51
Views: 2242

Re: 401k "advice" to my associates

I don't think the skip-a-latte advice is all that great, and I remember at that age finding it somewhat insulting, to be honest. The idea that if anyone has any discretionary money they're an irresponsible slacker who needs to be educated really isn't a fair assumption, and however well intentioned,...
by getthatmarshmallow
Wed Sep 12, 2018 11:39 am
Forum: Personal Consumer Issues
Topic: Botched countertop installation - leave it as-is or risk the repair?
Replies: 78
Views: 8506

Re: Botched countertop installation - leave it as-is or risk the repair?

If you want to play devil's advocate by analogy, you'll have to construct a parallel case. That's hard to do -- the oil light issue without further explanation is a safety issue, and even a complete fix ("Jeeves, order me another Lexus and return this one") is minimal hassle for you. It's not like y...
by getthatmarshmallow
Wed Sep 12, 2018 10:43 am
Forum: Personal Consumer Issues
Topic: Botched countertop installation - leave it as-is or risk the repair?
Replies: 78
Views: 8506

Re: Botched countertop installation - leave it as-is or risk the repair?

Imagine that you hadn't just put in the kitchen, but perhaps had purchased the house, and sometime later somehow found out about the missing caulk. Would you feel the need to rip out the counters and damage the backsplash in order to fix it? I imagine not. If the install is otherwise solid, that inn...
by getthatmarshmallow
Mon Sep 10, 2018 9:50 pm
Forum: Personal Consumer Issues
Topic: Can Sneakers go with Business Casual?
Replies: 172
Views: 8773

Re: Can Sneakers go with Business Casual?

You stated that Vans or Chucks or like footwear are on the same level as literal running shoes in workplace formality. In the majority of situations/environments in contemporary culture, that simply isn't true. I'm not sure how not being able to wear "casual" footwear in your workplace in any way c...
by getthatmarshmallow
Mon Sep 10, 2018 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else playing catch-up in their 40's?
Replies: 68
Views: 7449

Re: Anyone else playing catch-up in their 40's?

You'll be fine, and you have good company! Spouse immigrated to the US at 31. I spent my 20s in grad school and my 30s buying a house, having kids, and putting him through university. We avoided debt and saved a lot, and this past year I got serious about investing mostly because the only thing bett...
by getthatmarshmallow
Thu Sep 06, 2018 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: To Be or Not to Be...Married
Replies: 135
Views: 5088

Re: To Be or Not to Be...Married

The flipside of "it's just a piece of paper" is that if all it is to you is a legal contract, it hardly makes sense to try to duplicate the off-the-shelf option (civil marriage) with multiple, more expensive and less effective legal contracts, especially if you're not otherwise opposed to a long-ter...
by getthatmarshmallow
Sun Sep 02, 2018 11:17 am
Forum: Personal Consumer Issues
Topic: Piano for a child
Replies: 60
Views: 3267

Re: Piano for a child

If your daughter is taking lessons, she definitely needs to be able to practice at home! I wouldn't immediately purchase even an old used piano, however; they're heavy and if the action is worn or it can't hold a tune, all you'll have is an expensive heavy doorstop. I'd recommend getting an inexpen...
by getthatmarshmallow
Sun Sep 02, 2018 11:07 am
Forum: Personal Consumer Issues
Topic: How do you save money on groceries?
Replies: 157
Views: 10595

Re: How do you save money on groceries?

I find asparagus to be worthwhile only for a few weeks in the spring, and risotto is basically a way of using up leftovers (before it was foodie-fied.) Put whatever you want in it. (I make a great one with mushrooms. I make another good one with peas and prosciutto. And my saffron risotto is heaven....
by getthatmarshmallow
Fri Aug 31, 2018 7:11 am
Forum: Personal Consumer Issues
Topic: Piano for a child
Replies: 60
Views: 3267

Re: Piano for a child

If your daughter is taking lessons, she definitely needs to be able to practice at home! I wouldn't immediately purchase even an old used piano, however; they're heavy and if the action is worn or it can't hold a tune, all you'll have is an expensive heavy doorstop. I'd recommend getting an inexpens...
by getthatmarshmallow
Thu Aug 23, 2018 9:08 pm
Forum: Personal Finance (Not Investing)
Topic: Varying college costs across kids in the same family
Replies: 92
Views: 5288

Re: Varying college costs across kids in the same family

I liked the car insurance example, and thought it illustrated a great point. Some things that parents buy children are treated somewhat as indivisible goods, which are doled out fairly if everyone gets the same kind of good. Other things that parents buy children are treated as equivalent to cash, a...