Search found 540 matches

by NextMil
Thu Mar 14, 2019 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Is my *entire* life financed when I have a mortgage?
Replies: 84
Views: 5676

Re: Is my *entire* life financed when I have a mortgage?

Sell your house and buy something that you can pay for with cash, otherwise make principal reductions as best you can. I hate debt and paying off my home aggressively with a sub 3% mortgage, but as someone else said life is more than math.
by NextMil
Thu Feb 21, 2019 6:50 am
Forum: Personal Finance (Not Investing)
Topic: Auto Extended Warranties
Replies: 48
Views: 2239

Re: Auto Extended Warranties

I decline every time, especially the "tire warranty." SMH. The warranty is not the same as if you buy new or in the lease, there is always a deductible and they cover either parts or labor - one or the other. Just do some research on any known issues. Get those serviced and then make the call on if ...
by NextMil
Sat Jan 12, 2019 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: Millionaire by 40 and How you Did it?
Replies: 162
Views: 22282

Re: Millionaire by 40 and How you Did it?

People’s heads may explode, but I have to credit Dave Ramsey, as I started my career with a bunch of debt. Anyone else finance an engagement ring? :oops:
by NextMil
Thu Jan 10, 2019 6:03 pm
Forum: Personal Consumer Issues
Topic: Disciplined with finances, but not so with diet
Replies: 217
Views: 10185

Re: Disciplined with finances, but not so with diet

Apple Watch. I used to poo poo fitness trackers, but Apple Watch has been a game changer for me.
by NextMil
Thu Jan 10, 2019 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: Building Wealth Through Home Equity--Myth or Reality?
Replies: 94
Views: 6323

Re: Building Wealth Through Home Equity--Myth or Reality?

Sure, if you buy high and sell low, you are not making any money. The fact is that you cannot apply a hard and fast rule to every situation - location, time horizon, market etc all dictate if you are going to make money, and for all of us having different lives and priorities do not have the luxury ...
by NextMil
Thu Jan 10, 2019 6:49 am
Forum: Personal Finance (Not Investing)
Topic: Recast mortgage?
Replies: 28
Views: 2947

Re: Recast mortgage?

I did not phrase this well and flubbed a cell in my analysis. But the bottom line is that if your recast is small, you could potentially end up with a higher mortgage balance than you otherwise would if you choose to sell the home before the mortgage pays off entirely. In our case that recast amoun...
by NextMil
Tue Jan 08, 2019 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: Recast mortgage?
Replies: 28
Views: 2947

Re: Recast mortgage?

I did it, and just moved the difference to principal curtailment. Only benefit is flexibility, but I like having the flexibility, that I hope to never need.

Make sure there isn’t a hook that penalizes early payment.
by NextMil
Tue Jan 01, 2019 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: Schwab to Vanguard ?
Replies: 45
Views: 3485

Re: Schwab to Vanguard ?

I am normally not one to promote a brand, but I have yet to be disappointed by Schwab and I have what some might view as unrealistic standards. Just this week a new employee fouled something up for the first time in over a decade and they bent over backwards to make sure I was happy.
by NextMil
Wed Dec 19, 2018 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: Balance of living and saving
Replies: 14
Views: 1399

Re: Balance of living and saving

HardHitter wrote:
Wed Dec 19, 2018 8:14 pm

Definitely is a work in progress. She's come a long way since we first met and she's doing great on the progress she's made thus far.
Glad to hear. Been there myself before.
by NextMil
Wed Dec 19, 2018 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: Balance of living and saving
Replies: 14
Views: 1399

Re: Balance of living and saving

1. Everyone thinks they are behind - from what I see I think you are doing really well given your situation. 2. If you are going over budget by $100 or $200 most months, then your budget is wrong. I do it in reverse, I overestimate expenses and then whatever is left over at the end of the month get...
by NextMil
Wed Dec 19, 2018 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: Is it time to increase the cash Emergency Fund?
Replies: 51
Views: 3659

Re: Is it time to increase the cash Emergency Fund?

Thanks all. A lot of great wisdom and insight from you all have helped me land at moving forward with adding on to existing reserves out of leftover monthly budget cash at 10% of what is left over to slowly build. The slow goal will be a year's worth of expenses. Just to answer a couple of other thi...
by NextMil
Wed Dec 19, 2018 8:04 am
Forum: Personal Finance (Not Investing)
Topic: Balance of living and saving
Replies: 14
Views: 1399

Re: Balance of living and saving

1. Everyone thinks they are behind - from what I see I think you are doing really well given your situation. 2. If you are going over budget by $100 or $200 most months, then your budget is wrong. I do it in reverse, I overestimate expenses and then whatever is left over at the end of the month gets...
by NextMil
Wed Dec 19, 2018 7:49 am
Forum: Personal Finance (Not Investing)
Topic: Turbo or not to turbo that is the question
Replies: 2
Views: 611

Re: Turbo or not to turbo that is the question

Meet with a CPA to see if they could save you money above what you would pay out to them in fees and beyond what turbo tax would cover. Most of the time those meetings are free - i.e. initial consultation. It's their chance to sell you on why you should pay them to work for you. My CPA has saved me ...
by NextMil
Wed Dec 19, 2018 7:40 am
Forum: Personal Finance (Not Investing)
Topic: Is it time to increase the cash Emergency Fund?
Replies: 51
Views: 3659

Re: Is it time to increase the cash Emergency Fund?

Fairly insulated industry, but who knows? Everyone thinks that about their profession. My guess is I probably wouldn't be out of work, but my client list might shrink or reduce services. 6 months is nothing changes. Bare bones - could probably stretch to 10 or 11 months. Here is the thing, when I lo...
by NextMil
Wed Dec 19, 2018 6:56 am
Forum: Personal Finance (Not Investing)
Topic: Is it time to increase the cash Emergency Fund?
Replies: 51
Views: 3659

Is it time to increase the cash Emergency Fund?

There are a lot of high finance folks suggesting that the market is going to have some pain going forward. I know no one has a clue, but when folks like Greenspan are raising red flags it does give me pause a little. I am debating whether or not to raise the amount of cash I have in my emergency fun...
by NextMil
Mon Dec 17, 2018 5:39 pm
Forum: Personal Finance (Not Investing)
Topic: Pre-paying mortgage only in early years
Replies: 51
Views: 3622

Re: Pre-paying mortgage only in early years

Although liquidity is important there is a point of diminishing returns. Once the basis in our Roths was larger than the mortgage I felt I had gone well past that point and could decide to pay off or invest based by comparing the mortgage and bond rates. Carrying excess liquidity is insuring agains...
by NextMil
Sat Dec 15, 2018 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: Is this a good time to start paying extra on the mortgage?
Replies: 32
Views: 2179

Re: Is this a good time to start paying extra on the mortgage?

So tired of this debate. Yes it is. It’s also a great time to buy stocks. Both of those things, if you do them consistently, are timeless smart actions to wealth building. The same people who claim they wouldn’t be caught dead market timing investments are the ones who say you should invest more whe...
by NextMil
Wed Dec 12, 2018 9:03 pm
Forum: Personal Finance (Not Investing)
Topic: What percentage of your net worth is your home equity?
Replies: 309
Views: 22637

Re: What percentage of your net worth is your home equity?

About 11% KlangFool’ s is about 7.7% based on his own numbers. :wink: At the end of the day KlangFool and I have about the same net worth. I would tend to think I am in a more resilient position as I don’t carry a mortgage and he does.% Maybe; maybe not. My % home equity to net worth is about 12%. ...
by NextMil
Wed Dec 12, 2018 3:32 pm
Forum: Personal Consumer Issues
Topic: NEW CAR anyone w/ experience buying police, SSV or taxi package?
Replies: 19
Views: 2157

Re: NEW CAR anyone w/ experience buying police, SSV or tax package?

Just really curious, is this just because you want a safer vehicle?
by NextMil
Wed Dec 12, 2018 9:04 am
Forum: Personal Finance (Not Investing)
Topic: learning excel
Replies: 21
Views: 2140

Re: learning excel

1year23 wrote:
Wed Dec 12, 2018 12:34 am
I would like to learn to use excel spreadsheets for simple projects. Can anyone recommend an online tutorial that is low cost or free?
The built in help function + google is pretty good to find things if you know the very basics. I have taught myself quite a bit that way.
by NextMil
Wed Dec 12, 2018 9:01 am
Forum: Personal Finance (Not Investing)
Topic: Bathroom scale
Replies: 17
Views: 1264

Re: Bathroom scale

Seems like an oddly specific time frame. Are you thinking you would give up on weighing yourself after 30 years? Because if you are young, it does not take long to let yourself go especially if you are married, according to my wife. :wink: Jokes aside, just find one from a reputable company with a l...
by NextMil
Wed Dec 12, 2018 8:17 am
Forum: Personal Consumer Issues
Topic: Certified Used BMW, Audi or Mercedes
Replies: 101
Views: 11620

Re: Certified Used BMW, Audi or Mercedes

Again, if you don’t take care of your expensive German car you are going to get expensive bills. No offense, but most people don’t know what they are doing. I have had great experience with BMW. The second to last one I purchased with 95k miles on it. The one before that 8k miles on it. Both had re...
by NextMil
Wed Dec 12, 2018 8:13 am
Forum: Personal Finance (Not Investing)
Topic: What percentage of your net worth is your home equity?
Replies: 309
Views: 22637

Re: What percentage of your net worth is your home equity?

HCOL -38% and I am aggressively paying it off. It’s absolutely part of NW. To suggest otherwise is just silly, as it’s an asset. Even with my aggressive pay down, it is shrinking as a percentage of total NW. Houses can be sold, as can investments, and both can lose value, in some cases(2008) 40+% :w...
by NextMil
Mon Dec 10, 2018 9:32 pm
Forum: Personal Consumer Issues
Topic: Certified Used BMW, Audi or Mercedes
Replies: 101
Views: 11620

Re: Certified Used BMW, Audi or Mercedes

Again, if you don’t take care of your expensive German car you are going to get expensive bills. No offense, but most people don’t know what they are doing. I have had great experience with BMW. The second to last one I purchased with 95k miles on it. The one before that 8k miles on it. Both had rea...
by NextMil
Sun Dec 09, 2018 5:09 pm
Forum: Personal Consumer Issues
Topic: Certified Used BMW, Audi or Mercedes
Replies: 101
Views: 11620

Re: Certified Used BMW, Audi or Mercedes

Again, skip the CPO, and just get a used one under warranty. Just make sure you get all the known issues addressed in the final year of warranty, and you can find those on the countless forums and blogs devoted to these cars. As for Lexus vs German, lexus is cheaper to maintain, but its just not th...
by NextMil
Sun Dec 09, 2018 5:05 pm
Forum: Personal Consumer Issues
Topic: Spotify or Amazon Music?
Replies: 44
Views: 3315

Re: Spotify or Amazon Music?

Prior to switching from Alexa to HomePod, I tried spotify and amazon music paid and non-paid. To be honest, the paid is obviously a lot better, but the free versions are not terrible, if you are ok listening to an add on spotify and having less of a library with free amazon music. I actually liked t...
by NextMil
Sun Dec 09, 2018 8:35 am
Forum: Personal Consumer Issues
Topic: Contractor draws during remodeling project
Replies: 25
Views: 3020

Re: Contractor draws during remodeling project

Last remodel the guy wanted 25% at regular intervals with the last 50% due on completion. I gave him 50% up front. Paid the balance on completion. My view is I don't want to lose my shirt, but I also don't want to be a painful client that results in delays, because the worst part of remodeling is li...
by NextMil
Sun Dec 09, 2018 8:31 am
Forum: Personal Consumer Issues
Topic: Nespresso?
Replies: 103
Views: 9092

Re: Nespresso?

So I tried fresh beans from a few different places before finally settling on a Nespresso machine - huge sales right now in case someone wants permission from a stranger on the internet to splurge on a new coffee machine. I picked up the Vertuoplus model last night -they fixed the temperature issue ...
by NextMil
Sat Dec 01, 2018 7:35 pm
Forum: Personal Consumer Issues
Topic: Calling all 50-60 year old homeowners with kids/families
Replies: 36
Views: 4276

Re: Calling all 50-60 year old homeowners with kids/families

Thanks. I appreciate you guys helping me think through this. A lot of great wisdom in these posts.
by NextMil
Fri Nov 30, 2018 4:30 pm
Forum: Personal Consumer Issues
Topic: Smart Home: Google, Apple, or Amazon?
Replies: 45
Views: 4693

Re: Smart Home: Google, Apple, or Amazon?

Apple, because I don’t trust the others. So much so I returned an echo and got a HomePod after reading up about it. I run lights, unbelievable sounding music, podcasts, weather, timers, etc. HomePod does everything that I used echo for and has way better audio and apple’s commitment to privacy as a ...
by NextMil
Wed Nov 28, 2018 4:48 pm
Forum: Personal Consumer Issues
Topic: Calling all 50-60 year old homeowners with kids/families
Replies: 36
Views: 4276

Re: Calling all 50-60 year old homeowners with kids/families

Thanks, Klang, but I don't want to rehash the invest vs. mortgage paydown debate here, but just to clear it up, we are dumping cash into 529s and we will absolutely pay cash for college/graduate programs.
by NextMil
Wed Nov 28, 2018 4:43 pm
Forum: Personal Consumer Issues
Topic: best Mac malware program?
Replies: 13
Views: 1151

Re: best Mac malware program?

I have used malwarebytes. I ran it on a couple machines and it didn't really turn up anything. Probably naive for me to think this, but I have never really had an issue with a mac, and I thought the way their OS was built you didn't really have to worry about it. You sure its not something else that...
by NextMil
Wed Nov 28, 2018 4:39 pm
Forum: Personal Consumer Issues
Topic: Calling all 50-60 year old homeowners with kids/families
Replies: 36
Views: 4276

Re: Calling all 50-60 year old homeowners with kids/families

A couple years ago we bought a very beat-up rancher built in early 1950s. I said "no" as soon as we walked in for our first viewing, and at the same moment my DW said "this is the house for us." I was floored - the house was terrible (with 50 year old green shag carpet and every room closed off). T...
by NextMil
Wed Nov 28, 2018 7:43 am
Forum: Personal Consumer Issues
Topic: Electricity bill should be 7% per month of home sq footage.
Replies: 66
Views: 4112

Re: Electricity bill should be 7% per month of home sq footage.

We are around 7%, but I agree totally arbitrary. One of the best home upgrades we did was new blown insulation in the attic. Relatively inexpensive when you consider just the ROI in bill reduction, and the house feels a million times better. Easiest thing to do would be to ask your neighbors, odds a...
by NextMil
Wed Nov 28, 2018 7:33 am
Forum: Personal Consumer Issues
Topic: Calling all 50-60 year old homeowners with kids/families
Replies: 36
Views: 4276

Calling all 50-60 year old homeowners with kids/families

I am struggling with some realities regarding home ownership and kids/family. When you are younger and need the space for a family you are more focused on building financial security, when you are older you have all the money in the world, but do not necessarily need the space. I am struggling with ...
by NextMil
Mon Nov 19, 2018 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: sell rental condo 6 miles from Crystal City, VA Amazon location?
Replies: 36
Views: 3905

Re: sell rental condo 6 miles from Crystal City, VA Amazon location?

If you are making $150k, unless you are MMM would you buy a $200k condo?

From my friend who lives in crystal city, 6 miles away might as well be a lifetime away especially for younger crowd, additionally he said they are throwing up high rises like their pants are on fire.
by NextMil
Mon Nov 19, 2018 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Millennial behind - but still have time to [catch up]
Replies: 20
Views: 2291

Re: Millennial behind - but still have time to ketchup

Stop reading those articles, and just pay down debt and invest like crazy. As someone who has fallen into the trap of reading those click bait articles for my generation, I can tell you they will not do a single thing to change your financial position. Just LBYM and invest. Everything else is just n...
by NextMil
Mon Nov 19, 2018 2:41 am
Forum: Personal Consumer Issues
Topic: Men's crew neck t-shirts
Replies: 47
Views: 3833

Re: Men's crew neck t-shirts

Jockey (find an outlet), but go v neck if you ever go open collar with or without a tie. The sight of the crew neck collar when your shirt is open makes you look like an amateur. I resisted for years, but have recently seen the light. It’s an UNDERshirt. No one wants to see your underwear.
by NextMil
Tue Nov 13, 2018 10:47 am
Forum: Personal Consumer Issues
Topic: tipping for grocery delivery
Replies: 53
Views: 4188

Re: tipping for grocery delivery

leeks wrote:
Tue Nov 13, 2018 10:38 am
I feel that everyone - even children of the wealthy - should spend some time in a service job (restaurant or retail). At least a brief stint as a teenager/college student. It is a valuable lesson.
Couldn’t agree more.
by NextMil
Tue Nov 13, 2018 10:44 am
Forum: Personal Consumer Issues
Topic: tipping for grocery delivery
Replies: 53
Views: 4188

Re: tipping for grocery delivery

I've ordered a couple of times from Safeway home delivery. Their site prominently says that their drivers don't accept tips, so I haven't tipped them yet. I live in a multi-story condo building with an elevator. offtopic, but I agree with others in this thread. Tipping in this country is out of con...
by NextMil
Mon Nov 12, 2018 7:45 am
Forum: Personal Consumer Issues
Topic: tipping for grocery delivery
Replies: 53
Views: 4188

Re: tipping for grocery delivery

I've ordered a couple of times from Safeway home delivery. Their site prominently says that their drivers don't accept tips, so I haven't tipped them yet. I live in a multi-story condo building with an elevator. offtopic, but I agree with others in this thread. Tipping in this country is out of con...
by NextMil
Sat Nov 10, 2018 8:10 am
Forum: Personal Consumer Issues
Topic: Apple - Old Product Boxes - Keep or Dispose?
Replies: 20
Views: 2561

Re: Apple - Old Product Boxes - Keep or Dispose?

I used to keep them. Now I toss them. Wished I’d knew about eBay. Only in America.
by NextMil
Sat Nov 10, 2018 8:00 am
Forum: Personal Consumer Issues
Topic: tipping for grocery delivery
Replies: 53
Views: 4188

Re: tipping for grocery delivery

Thanks for your input. I tip $5. I'm sure these delivery people are paid dirt, and they work hard. I buy 10 pound bags of kitty litter, 12 can packs of Coca Cola, etc. and it's about fifty feet from their truck to my door. If they earned decent salaries, I would not tip. The fact is, almost anyone ...
by NextMil
Thu Nov 08, 2018 3:23 pm
Forum: Personal Consumer Issues
Topic: tipping for grocery delivery
Replies: 53
Views: 4188

Re: tipping for grocery delivery

I always tip something on grocery deliveries. I put it in the category of pizza delivery. $5-$10 depending on the size of the order.

I would want my house to be viewed positively for future deliveries.
by NextMil
Sun Nov 04, 2018 7:44 am
Forum: Personal Finance (Not Investing)
Topic: If you have credit monitoring do you need to freeze credit?
Replies: 41
Views: 2270

Re: If you have credit monitoring do you need to freeze credit?

Trism wrote:
Sat Nov 03, 2018 7:45 am
NextMil wrote:
Wed Oct 31, 2018 12:58 pm
Thanks. All fair points, even if they hurt a little. haha. So next question is how awful is it to freeze your minor children?
This is a felony in most US jurisdictions.







:P
See. This is why I ask. :wink:

Now, I am off to the bank to deposit the rest of my 10k in cash.
by NextMil
Wed Oct 31, 2018 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: If you have credit monitoring do you need to freeze credit?
Replies: 41
Views: 2270

Re: If you have credit monitoring do you need to freeze credit?

Thanks. All fair points, even if they hurt a little. haha. So next question is how awful is it to freeze your minor children's credit?
by NextMil
Wed Oct 31, 2018 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: If you have credit monitoring do you need to freeze credit?
Replies: 41
Views: 2270

If you have credit monitoring do you need to freeze credit?

I have credit monitoring, but have not frozen my credit. If I have monitoring is there any good reason to freeze or am I covered?
by NextMil
Sun Oct 28, 2018 2:34 pm
Forum: Personal Consumer Issues
Topic: Blue Green membership insights and tips
Replies: 6
Views: 616

Re: Blue Green membership insights and tips

It’s a timeshare. Ugh.
by NextMil
Sun Oct 28, 2018 2:31 pm
Forum: Personal Consumer Issues
Topic: How many of you have cut the cord?
Replies: 244
Views: 30129

Re: How many of you have cut the cord?

I am curious how many Bogleheads have used Hulu Live TV and their thoughts. I went from FIOS at $259 a month to Hulu Sports Package at $42.30 a month (tax included) for two TV's including everything except the internet which I get from FIOS for $59.99 a month (50/50) for 2 years then it goes up $25...
by NextMil
Sat Oct 27, 2018 5:54 pm
Forum: Personal Consumer Issues
Topic: Gutters and gutter guards
Replies: 64
Views: 10563

Re: Gutters and gutter guards

In case no one mentioned at $4k, gutters cleaned at $200 a pop twice a year break even is ten years. FWIW in a HCOL area I pay $75-125 twice a year, and my landscaper lets me know when I am due. After exploring all other options exhaustively I decided I am happy to pay someone for my two story. YMMV.