Search found 483 matches

by NextMil
Tue Oct 23, 2018 8:40 am
Forum: Personal Consumer Issues
Topic: Coffee grinder
Replies: 26
Views: 1326

Coffee grinder

Dear Coffee snobs - what do you think is the best coffee grinder on the market? If its something absurdly expensive what is another decently priced workhorse?
by NextMil
Tue Oct 23, 2018 6:04 am
Forum: Personal Consumer Issues
Topic: What do you spend your money on outside of expenses and investments?
Replies: 23
Views: 1476

Re: What do you spend your money on outside of expenses and investments?

Things and vacations that make my family and I happy so I don't end up a miser.
by NextMil
Mon Oct 22, 2018 8:53 pm
Forum: Personal Consumer Issues
Topic: Playing with FIRE(Financial Independence) documentary trailer.
Replies: 32
Views: 4204

Re: Playing with FIRE(Financial Independence) documentary trailer.

It’s not a new concept. People act like these guys are pioneers. They are not. These concepts have been around forever. They sensationalize their websites to drive readers and provide clickbait to increase ad sales. Go read any of their sites and read their posts - they are filled with hyperbole. It...
by NextMil
Mon Oct 22, 2018 12:26 pm
Forum: Personal Consumer Issues
Topic: Playing with FIRE(Financial Independence) documentary trailer.
Replies: 32
Views: 4204

Re: Playing with FIRE(Financial Independence) documentary trailer.

FIRE gurus need a kickstarter campaign to make a documentary. Makes perfect sense. Hard pass.
by NextMil
Sat Oct 20, 2018 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: Yield curve impact on mortgages
Replies: 12
Views: 1072

Re: Yield curve impact on mortgages

I noticed that too, even though I am not in the market. If you have the discipline I would probably have a hard time not doing 30.
by NextMil
Sat Oct 20, 2018 6:45 pm
Forum: Personal Consumer Issues
Topic: Beer - Strong German Style Lagers
Replies: 40
Views: 3228

Re: Beer - Strong German Style Lagers

Go on beer advocate and click German Helles. Sort by rating, and then find whatever is closest to your location.

Germans have strict beer rules, and not to disappoint you, but it may be impossible to get something of similar quality.

Prost!
by NextMil
Sat Oct 20, 2018 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: Put more than 20% down on a house?
Replies: 33
Views: 3403

Re: Put more than 20% down on a house?

Sandi_k wrote:
Sat Oct 20, 2018 1:04 pm
I'd put down 20%, and get a 15 year or 20 year mortgage. That will reduce interest paid substantially, while still allowing the additional downpayment funds to be invested and grow.
+1
by NextMil
Sat Oct 20, 2018 3:54 am
Forum: Personal Finance (Not Investing)
Topic: If I'm convinced to stop making extra mortgage payments, should I recast?
Replies: 15
Views: 1997

Re: If I'm convinced to stop making extra mortgage payments, should I recast?

Yes, if you are convinced that taking the risk in the market is worth it, why only do it halfway? At least go all in with the strategy.

FWIW - I don’t think it’s worth it, but I don’t fault anyone for having a different financial plan.
by NextMil
Fri Oct 19, 2018 7:09 pm
Forum: Personal Finance (Not Investing)
Topic: Depositing Cash if it was gifted?
Replies: 112
Views: 6162

Re: Depositing Cash if it was gifted?

I am going to start depositing $100 cash once a week for 100 weeks into my bank account.

Hopefully they will allow me to log on to my BH account from the hoosegow.
by NextMil
Fri Oct 19, 2018 11:33 am
Forum: Personal Consumer Issues
Topic: Maserati Experiences
Replies: 47
Views: 5372

Re: Maserati Experiences

This should help: (it’s a great read) https://www.craigslist.org/about/best/esh/6324690044.html?lang=en&cc=us Though it does eventually get a happy ending. This is fantastic. I couldn’t stop laughing. I think this was my favorite line. I'm tired of sitting in it at night drinking and making engine ...
by NextMil
Fri Oct 19, 2018 11:25 am
Forum: Personal Finance (Not Investing)
Topic: Depositing Cash if it was gifted?
Replies: 112
Views: 6162

Re: Depositing Cash if it was gifted?

vtjon wrote:
Fri Oct 19, 2018 10:55 am
There's a difference between a CTR (Currency Transaction Report) and a SAR (Suspicious Activity Report). Neither of these go to the IRS as far as I know.
They do, they go to FINCEN, which is shared across a number of agencies including IRS.
by NextMil
Fri Oct 19, 2018 11:14 am
Forum: Personal Finance (Not Investing)
Topic: Paying off the mortgage early - Isn't this the opposite of "putting more money into your house"?
Replies: 82
Views: 6601

Re: Paying off the mortgage early - Isn't this the opposite of "putting more money into your house"?

I'm the one who threw out the "55 cents on the dollar" comment upthread. To elaborate: Nominal dollars are NOT real dollars. If I took out a fixed 4% mortgage today for $250,000, nominal dollars folks would argue how much interest I'm going to pay, more than what the house should/could cost. Said m...
by NextMil
Fri Oct 19, 2018 10:49 am
Forum: Personal Finance (Not Investing)
Topic: Depositing Cash if it was gifted?
Replies: 112
Views: 6162

Re: Depositing Cash if it was gifted?

Nonsense. There has to be a nefarious intent when structuring or smurfing. She isn’t laundering money or committing a financial crime. There is an intent element. 'Structuring' is a dangerously ambiguous concept, undermining the basic idea that criminal laws should be clear. However it's the law fo...
by NextMil
Thu Oct 18, 2018 10:40 pm
Forum: Personal Finance (Not Investing)
Topic: Depositing Cash if it was gifted?
Replies: 112
Views: 6162

Re: Depositing Cash if it was gifted?

OnTrack wrote:
Thu Oct 18, 2018 10:32 pm
"All you have to do to capture the IRS' attention is make multiple large deposits that are less than $10,000 in your account."
https://www.businessinsider.com/the-irs ... re-2014-10
That would still be true if the laws around it had not been changed.
by NextMil
Thu Oct 18, 2018 9:26 pm
Forum: Personal Finance (Not Investing)
Topic: Depositing Cash if it was gifted?
Replies: 112
Views: 6162

Re: Depositing Cash if it was gifted?

I'll bet there's probably more cash in other places in the house. (My in-law put a deceased's persons stuff in the front yard for a yard sale, then started going through the pockets. After they found several hundred dollars, they pulled all the clothes inside for another time. The original family d...
by NextMil
Thu Oct 18, 2018 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: Should we downgrade our house?
Replies: 43
Views: 3781

Re: Should we downgrade our house?

I wouldn’t downgrade. I think I would regret it. Plus preschool costs eventually disappear and you may have kid costs, but not as bad as they are in the daycare years.

Can you get the neighborhood you want and not get a bunch more house I.e. split the difference?
by NextMil
Thu Oct 18, 2018 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: Masters Degree Advice
Replies: 25
Views: 2408

Re: Masters Degree Advice

Is a masters degree worth more than just a bachelors? Yes, of course it is. According to an article I just read on your degree you can typically earn 20% more money over the life of your career with a masters over a bachelors.
by NextMil
Thu Oct 18, 2018 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off the mortgage early - Isn't this the opposite of "putting more money into your house"?
Replies: 82
Views: 6601

Re: Paying off the mortgage early - Isn't this the opposite of "putting more money into your house"?

I still don’t understand why inflation matters. It’s a fixed payment no matter what. From the minute you purchased you locked in the cost of your home. That does not change if you pay it off or not. Either way you have to pay it, and who cares if it’s x percentage less of your take home pay in the ...
by NextMil
Thu Oct 18, 2018 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off the mortgage early - Isn't this the opposite of "putting more money into your house"?
Replies: 82
Views: 6601

Re: Paying off the mortgage early - Isn't this the opposite of "putting more money into your house"?

I still don’t understand why inflation matters. It’s a fixed payment no matter what. From the minute you purchased you locked in the cost of your home. That does not change if you pay it off or not. Either way you have to pay it, and who cares if it’s x percentage less of your take home pay in the f...
by NextMil
Thu Oct 18, 2018 7:20 am
Forum: Personal Consumer Issues
Topic: Maserati Experiences
Replies: 47
Views: 5372

Re: Maserati Experiences

This should help: (it’s a great read) https://www.craigslist.org/about/best/esh/6324690044.html?lang=en&cc=us Though it does eventually get a happy ending. This is fantastic. I couldn’t stop laughing. I think this was my favorite line. I'm tired of sitting in it at night drinking and making engine ...
by NextMil
Thu Oct 18, 2018 7:07 am
Forum: Personal Finance (Not Investing)
Topic: Paying off the mortgage early - Isn't this the opposite of "putting more money into your house"?
Replies: 82
Views: 6601

Re: Paying off the mortgage early - Isn't this the opposite of "putting more money into your house"?

This is ignoring the interest rate changes which are going to be an influence on the decision making process. I refinanced into a 20 year loan 2 years ago, and now the rate for the same term loan is 1.25% higher. Even if I went with a 15 year loan in a refinance now it's still be 0.875% higher. Tak...
by NextMil
Wed Oct 17, 2018 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off the mortgage early - Isn't this the opposite of "putting more money into your house"?
Replies: 82
Views: 6601

Re: Paying off the mortgage early - Isn't this the opposite of "putting more money into your house"?

grokzilla wrote:
Wed Oct 17, 2018 4:28 pm
NextMil wrote:
Wed Oct 17, 2018 3:29 pm
Don't you have to factor in federal taxes for the return on the ten year as well?
Likely easily offset by the mortgage interest deduction, no?
After the new tax law, I don’t pay enough interest. So in my case, no.
by NextMil
Wed Oct 17, 2018 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off the mortgage early - Isn't this the opposite of "putting more money into your house"?
Replies: 82
Views: 6601

Re: Paying off the mortgage early - Isn't this the opposite of "putting more money into your house"?

Just to frame my response, I am very much pro paying off the mortgage. As long as you own that home you will owe the debt until it is paid. That said, I understand the idea behind you are "putting money into your home," and I don't think its a false argument. I think if you are teetering on the edge...
by NextMil
Wed Oct 17, 2018 8:54 am
Forum: Personal Finance (Not Investing)
Topic: What would you do with unexpected tax refund?
Replies: 25
Views: 1295

Re: What would you do with unexpected tax refund?

Add me to the list of people who say make sure the cash is real then pull the trigger on option 2, then use the $255 for option 1, then use all that cash to build an emergency fund.
by NextMil
Wed Oct 17, 2018 8:53 am
Forum: Personal Finance (Not Investing)
Topic: What do you consider 'enough'?
Replies: 93
Views: 10166

Re: What do you consider 'enough'?

Yes - A budget. That is how you figure out if you are making enough to support your lifestyle and get ahead. If you are not running deficits with your spending and funding your retirement then you are at the point where you are making enough. If you are running deficits every month then, no you are ...
by NextMil
Mon Oct 15, 2018 8:45 am
Forum: Personal Consumer Issues
Topic: Not convinced with insurance
Replies: 45
Views: 3570

Re: Not convinced with insurance

I have a stable job with generous pay, and my wife is a Ph.D. student.... Total cost for the umbrella: 300usd for the non-owner + 200usd for the 1M umbrella. What do you think? Get cheap umbrella, get cheap term on both of you, and call it a day for the peace of mind. You make good money, and the c...
by NextMil
Sat Oct 13, 2018 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: Weigh in on our Marital Argument =)-- HCOL edition
Replies: 70
Views: 5401

Re: Weigh in on our Marital Argument =)-- HCOL edition

Stay put. Suck it up until someone breaks, either you or your parents - that is not meant in a mean spirited way, but at some point someone will give in, and it doesn't sound like it will be you. Sounds like your kids are of same gender and in city living that is no biggie. I would pay off current p...
by NextMil
Fri Oct 12, 2018 8:38 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage vs. Cash
Replies: 28
Views: 2191

Re: Mortgage vs. Cash

I would pay cash in a heartbeat. The older I get, the more I want my life to be less complicated.
by NextMil
Thu Oct 11, 2018 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: Consultant Advice: Commission - What to watch out for
Replies: 11
Views: 918

Re: Consultant Advice: Commission - What to watch out for

Thank you for your advice so far. Please keep them coming. From the advices, it seems like this situation is uncommon: The broker suddenly broke the contract with the client (company that I'm doing project with) and the consultant (me). The broker will not be operating with this client company in t...
by NextMil
Thu Oct 11, 2018 6:54 am
Forum: Personal Finance (Not Investing)
Topic: Consultant Advice: Commission - What to watch out for
Replies: 11
Views: 918

Re: Consultant Advice: Commission - What to watch out for

Agree you need a lawyer. Your obligations dpened on what the contract said. From the broker's point of view they have already done their part of the deal- bringing you the client.The fact that they will not bring more does not change the service they already provided. But legally? You need a lawyer...
by NextMil
Thu Oct 11, 2018 5:36 am
Forum: Personal Consumer Issues
Topic: Feeling Guilt among family/peers
Replies: 42
Views: 5184

Re: Feeling Guilt among family/peers

Yes, it's a normal feeling that you have to get over, and it fades the more you play this money game and keep winning. Also, there is always someone richer and poorer than you and there is nothing you can do about that fact. The only thing you can do is to teach a man or woman to fish, but please do...
by NextMil
Thu Oct 11, 2018 5:15 am
Forum: Personal Finance (Not Investing)
Topic: Consultant Advice: Commission - What to watch out for
Replies: 11
Views: 918

Re: Consultant Advice: Commission - What to watch out for

Is the client paying the other half of the commission?

My view would be to tell the broker to pound sand, especially since his breaking the contract could have left you in a lurch.
by NextMil
Tue Oct 09, 2018 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: Formula for when to buy in bulk
Replies: 41
Views: 3245

Re: Formula for when to buy in bulk

I beg to differ. The cost of running out of TP is astronomical. Always buy it in bulk, otherwise you risk having major losses.
by NextMil
Tue Oct 09, 2018 10:35 am
Forum: Personal Consumer Issues
Topic: Kirkland (Costco) Razor
Replies: 31
Views: 3103

Re: Kirkland (Costco) Razor

I tried de safety twice and failed miserably. I used the merkur and tried different blades and couldn’t ever get the angle right Was bummed when Costco stopped carrying the turbo. Switched to 5 blade and I don’t think it performs as well as the turbo which is also disappointing. I have one of those ...
by NextMil
Tue Oct 09, 2018 7:18 am
Forum: Personal Finance (Not Investing)
Topic: College loan advice?
Replies: 39
Views: 2763

Re: College loan advice?

She’s working during college plus studying - imo, as someone who did the same in college and grad school, your child has plenty of “skin” in the game. She may be competing against those whose parents gave them a free ride and don’t need or want to work. If you have the means, pay for school but don...
by NextMil
Tue Oct 09, 2018 7:10 am
Forum: Personal Consumer Issues
Topic: Refinace house but how?
Replies: 26
Views: 1636

Re: Refinace house but how?

Yes, wait. Save up cash and do it bit by bit. I would make a list of highest importance to least important and get quotes for all the jobs, and tick through the most important. I also grew up in a small house with one bathroom and an unfinished basement that we didn't get to use. While it wasn't ide...
by NextMil
Tue Oct 09, 2018 7:04 am
Forum: Personal Finance (Not Investing)
Topic: Income (US vs Europe)
Replies: 55
Views: 3725

Re: Income (US vs Europe)

I guess it depends on how you define stable. With a much higher tax rate in places all of over Europe, its not really a fair apples to apples comparison which wikipedia points out. I think you would have to account for the tax rate of each country and look at net take home pay for the year. There is...
by NextMil
Mon Oct 08, 2018 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: Income (US vs Europe)
Replies: 55
Views: 3725

Re: Income (US vs Europe)

College reduces disposable income by a little. But health insurance by a lot https://www.beckershospitalreview.com/finance/28k-the-average-price-healthcare-will-cost-a-family-of-4-in-2018.html That's why I'm saying than you are better off in US only after you earn enough. 70%-80% percentile is my c...
by NextMil
Mon Oct 08, 2018 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: Income (US vs Europe)
Replies: 55
Views: 3725

Re: Income (US vs Europe)

College reduces disposable income by a little. But health insurance by a lot https://www.beckershospitalreview.com/finance/28k-the-average-price-healthcare-will-cost-a-family-of-4-in-2018.html That's why I'm saying than you are better off in US only after you earn enough. 70%-80% percentile is my c...
by NextMil
Mon Oct 08, 2018 7:38 am
Forum: Personal Consumer Issues
Topic: Garage Shelving?
Replies: 31
Views: 3305

Re: Garage Shelving?

Not cheap, but I use container store elfa system. You can re-arrange it (add and subtract) and simple to install.
by NextMil
Sun Oct 07, 2018 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: Income (US vs Europe)
Replies: 55
Views: 3725

Re: Income (US vs Europe)

Yes. America is better. We have more money, social mobility, way less taxes, and the American dream. It’s why my family left Europe to come to America.

Also unemployment is at its lowest.
by NextMil
Sun Oct 07, 2018 5:52 am
Forum: Personal Consumer Issues
Topic: Best deals to buy iphones
Replies: 28
Views: 2384

Re: Best deals to buy iphones

My recommendation is to pay "full" price from Apple for 2 unlocked Xs with the storage you want. No strings. There really (really) are no deals unless you are willing to go used (X) or sign long term lease or go with Sprint or T-mobile (perhaps). Now, pair it with a plan that saves you money over t...
by NextMil
Sat Oct 06, 2018 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: Should I take a pretty big pay cut to become a diplomat?
Replies: 32
Views: 3754

Re: Should I take a pretty big pay cut to become a diplomat?

Don’t you also not pay any taxes when you are overseas? Between housing allowance, hardship pay, and no taxes, the 30k cut is probably really close to zero.
by NextMil
Fri Oct 05, 2018 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: getting paid as a contractor
Replies: 33
Views: 2254

Re: getting paid as a contractor

That's definitely a long time, but if they cannot pay you they cannot pay you, and even if you take them to small claims and they don't have the money to pay you. Its crushing, I know, but I think your best bet is to hang on and ping them at the end of October early November and ask for an update. ...
by NextMil
Fri Oct 05, 2018 12:17 pm
Forum: Personal Consumer Issues
Topic: Best deals to buy iphones
Replies: 28
Views: 2384

Re: Best deals to buy iphones

Also appears that MVNOs are no frills. Tethering and prioritization are important to me and could be a deal breaker.
by NextMil
Fri Oct 05, 2018 11:47 am
Forum: Personal Consumer Issues
Topic: Best deals to buy iphones
Replies: 28
Views: 2384

Re: Best deals to buy iphones

I got two iPhone Xs for half the price of two full priced phones. I stayed with my same carrier and they allowed me to kill off an old line for the new one. I am not paying any more than exactly what was outlined. I don't understand why people think its not what is advertised. My plan hasn't change...
by NextMil
Fri Oct 05, 2018 11:07 am
Forum: Personal Consumer Issues
Topic: Best deals to buy iphones
Replies: 28
Views: 2384

Re: Best deals to buy iphones

I got two iPhone Xs for half the price of two full priced phones. I stayed with my same carrier and they allowed me to kill off an old line for the new one. I am not paying any more than exactly what was outlined. I don't understand why people think its not what is advertised. My plan hasn't changed...
by NextMil
Fri Oct 05, 2018 11:02 am
Forum: Personal Finance (Not Investing)
Topic: getting paid as a contractor
Replies: 33
Views: 2254

Re: getting paid as a contractor

That's definitely a long time, but if they cannot pay you they cannot pay you, and even if you take them to small claims and they don't have the money to pay you. Its crushing, I know, but I think your best bet is to hang on and ping them at the end of October early November and ask for an update. Y...
by NextMil
Fri Oct 05, 2018 10:41 am
Forum: Personal Consumer Issues
Topic: Best deals to buy iphones
Replies: 28
Views: 2384

Re: Best deals to buy iphones

I did bogo. What makes you think the math does not work out?