Search found 309 matches

by Sam1
Mon May 20, 2019 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE - What am I missing in the News Stories
Replies: 224
Views: 13196

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

100% agree. Having my son was easily the best thing I’ve ever done. It’s cliche but true - no amount of money could replace the joy I’ve gleaned from that experience Child free was the best decision we've ever made and we have zero regret. We do enjoy our nieces and nephews but at the end of the da...
by Sam1
Mon May 20, 2019 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE - What am I missing in the News Stories
Replies: 224
Views: 13196

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

I am strongly against FIRE. I think it’s foolish to give up a paying job at a young age to live off of existing assets. Not only are you withdrawing from your accounts but you’re not contributing. It’s a double whammy. I think it is fine to take a lower paying job, one less stressful, part time, etc...
by Sam1
Mon May 20, 2019 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE - What am I missing in the News Stories
Replies: 224
Views: 13196

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

Exactly. No one wants to hear about the routine choices and sacrifices you made that they could also make. Instead, they want to hear about some elaborate luck that they never had. "no kids" is hardly a routine choice or sacrifice, though... That's a seriously life-altering one. I don't think you'l...
by Sam1
Mon May 20, 2019 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE - What am I missing in the News Stories
Replies: 224
Views: 13196

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

This was my point in some earlier posts. Even though I kinda hit a lottery by cashing out $300k from company stock, my short answer of "no kids, no debts" quickly bored most people I told about my early retirement. Exactly. No one wants to hear about the routine choices and sacrifices you made that...
by Sam1
Mon May 20, 2019 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE - What am I missing in the News Stories
Replies: 224
Views: 13196

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

If you were 100% retired now, you could be 100% on vacation. It is an easier problem than figuring out how to get employed. Sure, but I don't know that I would want to be 100% on vacation indefinitely. That's how I feel right now at least. I probably wouldn’t call it vacation. It’s more like a cons...
by Sam1
Sun May 19, 2019 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE - What am I missing in the News Stories
Replies: 224
Views: 13196

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

I guess they think there isn't any stress in low paying jobs but I would argue quite the reverse. Oddly, it seems low paying jobs frequently have lots of stress. It seems they need a class in stress management not a new job bagging groceries. I am confused. :shock: :shock: Low paying jobs are stres...
by Sam1
Tue May 14, 2019 6:22 pm
Forum: Personal Investments
Topic: 31 Years Old, Sold Company for 3MM. Want to retire. How to allocate in taxable?
Replies: 19
Views: 3060

Re: 31 Years Old, Sold Company for 3MM. Want to retire. How to allocate in taxable?

What are you going to do exactly for the next 60 years? I know a lot of 30 somethings with $3 million, but everyone is still working. It's not that everyone really needs more money (well, some will spend it I guess); they just have nothing else to do. I'd also be concerned about deterioration of yo...
by Sam1
Sun May 12, 2019 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: How much can parents gift children in 2019 tax free?
Replies: 38
Views: 4658

Re: How much can parents gift children in 2019 tax free?

Lastly, does it matter if I pay them back within the year? Yes, it does matter. If you pay it back, it is a loan and not a gift. Loans are required to charge interest. If no interest is charged then you have to calculate how much interest SHOULD have been charged and then treat that as a gift. Figu...
by Sam1
Sun May 12, 2019 7:14 am
Forum: Personal Finance (Not Investing)
Topic: How much can parents gift children in 2019 tax free?
Replies: 38
Views: 4658

Re: How much can parents gift children in 2019 tax free?

They can give as much money as they would like. Even if they are over the estate tax threshold, it won’t become due until they have both passed. It blows my mind that so many Americans think there is really a tax on gifts. I’m sorry it blows your mind, but there really is a tax on gifts in excess o...
by Sam1
Sat May 11, 2019 6:52 pm
Forum: Personal Finance (Not Investing)
Topic: How much can parents gift children in 2019 tax free?
Replies: 38
Views: 4658

Re: How much can parents gift children in 2019 tax free?

They can give as much money as they would like. Even if they are over the estate tax threshold, it won’t become due until they have both passed.

It blows my mind that so many Americans think there is really a tax on gifts.
by Sam1
Sat May 11, 2019 6:38 pm
Forum: Personal Finance (Not Investing)
Topic: Do you rent even if you can afford to buy?
Replies: 121
Views: 18661

Re: Do you rent even if you can afford to buy?

But renting a house? Forever, including in retirement? no way. I can’t imagine entering a retirement with a huge housing expense. It reminds me of leasing a car where the monthly expense might be lower but it never goes away - ever. Interestingly enough a couple of my retired friends right now are ...
by Sam1
Sat May 11, 2019 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Do you rent even if you can afford to buy?
Replies: 121
Views: 18661

Re: Do you rent even if you can afford to buy?

Are most of these posters single people?? I can imagine renting a one bedroom unit is way better than buying in many situations. But renting a house? Forever, including in retirement? no way. I can’t imagine entering a retirement with a huge housing expense. It reminds me of leasing a car where the...
by Sam1
Sat May 11, 2019 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: Do you rent even if you can afford to buy?
Replies: 121
Views: 18661

Re: Do you rent even if you can afford to buy?

Are most of these posters single people?? I can imagine renting a one bedroom unit is way better than buying in many situations. But renting a house? Forever, including in retirement? no way. I can’t imagine entering a retirement with a huge housing expense. It reminds me of leasing a car where the...
by Sam1
Sat May 11, 2019 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: Do you rent even if you can afford to buy?
Replies: 121
Views: 18661

Re: Do you rent even if you can afford to buy?

Are most of these posters single people?? I can imagine renting a one bedroom unit is way better than buying in many situations. But renting a house? Forever, including in retirement? no way. I can’t imagine entering a retirement with a huge housing expense. It reminds me of leasing a car where the ...
by Sam1
Sat May 04, 2019 4:31 pm
Forum: Personal Consumer Issues
Topic: Rotational Program at MegaCorp for college grad hires
Replies: 40
Views: 2197

Re: Rotational Program at MegaCorp for college grad hires

I have bad news to share. The bad news is that it’s pretty obvious from your post and assumptions about what is going on, that you have taught your son behaviors that will limit his ability to become successful. I can’t imagine being your age and having such an interpretation of what my child told m...
by Sam1
Sat May 04, 2019 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: Move to South Florida or Baltimore?
Replies: 29
Views: 2826

Re: Move to South Florida or Baltimore?

How long do you plan to stay in your next city? Is this a 3-5 years until another opportunity arises or do you plan to put down serious roots. Your income will likely get you very far in Baltimore. I’d choose Miami because it’s an outstanding and unique city. Baltimore doesn’t have anything to offer...
by Sam1
Thu May 02, 2019 4:47 am
Forum: Non-US Investing
Topic: Downshift ("Barista FI") while consulting and raising kids? [Switzerland]
Replies: 77
Views: 5624

Re: Downshift ("Barista FI") while consulting and raising kids? [Switzerland]

I don’t see how you have enough money to retire now! Don’t you have a decent amount of vacation in Switzerland? I wouldn’t want my retirement plan to be to move to a less expensive country. If you wouldn’t do that right now, you probably won’t want to do that in 20 years. Also who knows what could p...
by Sam1
Mon Apr 29, 2019 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: Texas property tax protest
Replies: 55
Views: 5139

Re: Texas property tax protest

As someone who just applied for a job in TX, I have to ask about these outrageous property taxes. Do they go up every year? Is personal property taxes in Texas high as well? I live in Arkansas, where they tax you on everything, including income. It seems AR is death by a thousand cuts and TX is jus...
by Sam1
Mon Apr 29, 2019 6:10 am
Forum: Personal Finance (Not Investing)
Topic: Texas property tax protest
Replies: 55
Views: 5139

Re: Texas property tax protest

So your tax bill is around $13k. Looks like my tax bill would be around $15k based on the percentage you listed. This is still an amazing deal.

We paid around $30k in state taxes. Our property tax is $7k. I’d much rather pay another $8k in taxes than $30k in income taxes!
by Sam1
Mon Apr 29, 2019 6:07 am
Forum: Personal Finance (Not Investing)
Topic: Texas property tax protest
Replies: 55
Views: 5139

Re: Texas property tax protest

As someone who just applied for a job in TX, I have to ask about these outrageous property taxes. Do they go up every year? Is personal property taxes in Texas high as well? I live in Arkansas, where they tax you on everything, including income. It seems AR is death by a thousand cuts and TX is jus...
by Sam1
Thu Apr 25, 2019 5:31 am
Forum: Personal Consumer Issues
Topic: When is it worth it, and not, to live in a (very) high COL region?
Replies: 31
Views: 2585

Re: When is it worth it, and not, to live in a (very) high COL region?

It’s worth it if you can manage one of the following: 1. Live in a tiny, old, crappy apartment so you can save money OR have a long commute so you can save money. I notice posters on here saying they pay $1,900 for rent in NY. I assume they live in a pretty terrible place. I remember looking at apar...
by Sam1
Mon Apr 22, 2019 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: At a crossroads on how much to put down towards new home
Replies: 32
Views: 2289

Re: At a crossroads on how much to put down towards new home

I’d move...to another state. I wouldn’t want to live in a location with declining property values due to state finances and criminal activity. You may be able to avoid direct impact now but eventually you’ll experience some sort of effect. However, I understand you may need to be in Chicago because ...
by Sam1
Sun Apr 21, 2019 6:28 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a house without a realtor
Replies: 49
Views: 4437

Re: Buying a house without a realtor

Just keep in mind that when you buy a house, you are probably engaging in the biggest financial transaction of your life, and you will be signing some of the most complicated and obtuse legal documents known to man, which will commit you for the next 15 to 30 years. Unless you have your own agent o...
by Sam1
Sat Apr 20, 2019 11:47 am
Forum: Personal Finance (Not Investing)
Topic: Home Purchase Feasibility
Replies: 22
Views: 1248

Re: Home Purchase Feasibility

Sorry to pile on but this is insane. You make 5700x12 = 68k per year and you are trying to buy a house 7x your income??????? You wont just be house poor, you will be at risk of loosing the house if ANYTHING at all goes wrong.. even a minor repair. And thats assuming any bank would approve a loan li...
by Sam1
Sat Apr 20, 2019 11:37 am
Forum: Personal Finance (Not Investing)
Topic: Can we afford a $1mil home?
Replies: 64
Views: 8300

Re: Can we afford a $1mil home?

Every Bay Area housing thread leaves me staring at the post hoping there was a typo or something. Unless you absolutely have to live there, I don’t get it. You can move to the Midwest, live a much better quality of life on half the income and have plenty left over for multiple luxury trips back, sh...
by Sam1
Thu Apr 18, 2019 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: Weigh in on our Marital Argument =)-- HCOL edition
Replies: 110
Views: 13277

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

Thanks for the update. You’ve inspired me to stay in our starter home longer. I know it’s the smart move financially.
by Sam1
Thu Apr 18, 2019 5:56 am
Forum: Personal Finance (Not Investing)
Topic: Young Couple Seeking Financial Advice From Bogleheads
Replies: 27
Views: 2692

Re: Young Couple Seeking Financial Advice From Bogleheads

I live in a HCOL area. Here’s some important advice - don’t have kids until you’ve saved up a downpayment or you’ve decided you never want to buy a home. Once you have daycare costs, it’s VERY hard to save for a house. Daycare costs where I live are approx $2,500 for an infant. A nanny is around $4k...
by Sam1
Tue Apr 16, 2019 7:01 pm
Forum: Personal Consumer Issues
Topic: seriously thinking about leaving S. CA but where to?
Replies: 177
Views: 9982

Re: seriously thinking about leaving S. CA but where to?

Atlanta has a miserable climate. HOT 9 months out of the year and cold with rain for the other 3. The weather isn’t conducive to sports, living a walkable lifestyle or not using AC all the time. This is pretty much the exact opposite of reality (unless you consider 70 degrees hot and 50 degree cold...
by Sam1
Tue Apr 16, 2019 6:59 pm
Forum: Personal Consumer Issues
Topic: seriously thinking about leaving S. CA but where to?
Replies: 177
Views: 9982

Re: seriously thinking about leaving S. CA but where to?

Atlanta has a miserable climate. HOT 9 months out of the year and cold with rain for the other 3. The weather isn’t conducive to sports, living a walkable lifestyle or not using AC all the time. This is pretty much the exact opposite of reality (unless you consider 70 degrees hot and 50 degree cold...
by Sam1
Tue Apr 16, 2019 1:52 pm
Forum: Personal Consumer Issues
Topic: seriously thinking about leaving S. CA but where to?
Replies: 177
Views: 9982

Re: seriously thinking about leaving S. CA but where to?

Atlanta has a miserable climate. HOT 9 months out of the year and cold with rain for the other 3. The weather isn’t conducive to sports, living a walkable lifestyle or not using AC all the time. This is pretty much the exact opposite of reality (unless you consider 70 degrees hot and 50 degree cold...
by Sam1
Tue Apr 16, 2019 5:15 am
Forum: Personal Consumer Issues
Topic: Soon to be dad, how to prepare
Replies: 127
Views: 6140

Re: Soon to be dad, how to prepare

Read books about baby/toddler sleep. It’s true some kids are better sleepers than others. But Every single friend I have with a child who doesn’t sleep well is doing things to encourage the not sleeping. They don’t seem to realize this and you can’t point out these things. But it’s super obvious to ...
by Sam1
Mon Apr 15, 2019 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford this house ?
Replies: 20
Views: 2023

Re: Can we afford this house ?

No. Your house would be roughly 5x your TSP

Keep saving
by Sam1
Mon Apr 15, 2019 5:56 pm
Forum: Personal Consumer Issues
Topic: Walking shoes
Replies: 33
Views: 2172

Re: Walking shoes

Really happy with me Eccos. Have held up well and incredibly comfortable. European friend introduced me to them. Worth the $ since they last season after season. I walk on average 5 miles a day running errands and to/from work
by Sam1
Mon Apr 15, 2019 4:41 pm
Forum: Personal Consumer Issues
Topic: seriously thinking about leaving S. CA but where to?
Replies: 177
Views: 9982

Re: seriously thinking about leaving S. CA but where to?

Any suggestions based on the criteria Criteria: 1/ Mild climate similar to Orange County, CA. Okay with some snow in the winter but not fond of huge amount of rain. - Partial Check 2/ No hurricane , flood , tornado and blizzard - Check 3/ Not Hawaii - Check 4/ Low crime - Check Not a must but would...
by Sam1
Sun Apr 14, 2019 7:19 am
Forum: Personal Finance (Not Investing)
Topic: Home affordability - Can I afford it?
Replies: 22
Views: 2367

Re: Home affordability - Can I afford it?

Your age is key info that's missing. Paying nearly 4x gross with mortgage nearly 3x gross is unwise in my opinion. Why is that people make plans based on a perpetual happy path? What happens if bad luck strikes your family - health, layoff, children develop issues that require a stay-home parent, e...
by Sam1
Sat Apr 13, 2019 7:36 pm
Forum: Personal Consumer Issues
Topic: Soon to be dad, how to prepare
Replies: 127
Views: 6140

Re: Soon to be dad, how to prepare

try and avoid saying things like “we are breastfeeding.” “When we were at the upsides having baby Suzy”. “Labor was really hard for us”. only the mom can breastfeed and give birth. Don’t try and steal credit from her. I was so angry postpartum hearing my husband telling everyone how hard labor was f...
by Sam1
Thu Apr 11, 2019 5:12 am
Forum: Personal Finance (Not Investing)
Topic: Should you use a real estate agent when buying a house? What are your experiences?
Replies: 72
Views: 3842

Re: Should you use a real estate agent when buying a house? What are your experiences?

Use an agent but be very careful what you tell them! They don’t work for you. They work for the deal. You have no control over what they tell the sellers agent. Try and not listen to them at all. Here’s a good story as to why We found a house on our own and contacted the listing agent directly. Offe...
by Sam1
Wed Apr 10, 2019 4:50 am
Forum: Personal Finance (Not Investing)
Topic: Not much work at new megacorp job
Replies: 70
Views: 5553

Re: Not much work at new megacorp job

I’d make sure to ask to help with things “how can I help?” “ I received this email regarding X. What can I do to help?” I’d make sure this communication is via email and would save them. If anyone ever criticizes you during a performance review for not doing anything, I’d tell them about how you’ve ...
by Sam1
Wed Apr 10, 2019 4:34 am
Forum: Personal Consumer Issues
Topic: Grand Canyon and Sedona
Replies: 40
Views: 3716

Re: Grand Canyon and Sedona

Don’t spend much time in Vegas.

Instead check out Page, Arizona and Antelope Camyon. There are a bunch of sites around Page to see , including with kids

We drove from Phoenix to salt Lake (but could have instead gone to Los Vegas).
by Sam1
Tue Apr 09, 2019 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: Would you do this renovation?
Replies: 23
Views: 1366

Re: Would you do this renovation?

I wouldn’t do any of these renovations. They will have very little monetary return. You already have a bathroom for the kids. Same with the washer/dryer. Maybe replace the AC. Who cares if it’s on the roof? Ours is and we recently replaced without it being an issue. Have a contractor or architect wa...
by Sam1
Sat Apr 06, 2019 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: Married couples: can you have a team mentality with separate finances?
Replies: 183
Views: 8552

Re: Married couples: can you have a team mentality with separate finances?

If my husband pulled this I’d make sure and live my life like a male bachelor. I wouldn’t have kids but if I did I wouldn’t take a day of unpaid leave I wouldn’t do any unpaid labor at home more than my spouse does. None of the invisible work of women like planning vacations, decorating the house, h...
by Sam1
Sat Apr 06, 2019 8:09 am
Forum: Non-US Investing
Topic: Your opinion on debt?
Replies: 111
Views: 6599

Re: Your opinion on debt?

Another point is that the 30 year fixed rate mortgage is an amazing gift. Few people outside of the US ever have this opportunity. Our financial system is what allows it. Over time, inflation reduces your monthly mortgage payment significantly because it’s a fixed rate. It’s hard to create wealth if...
by Sam1
Sat Apr 06, 2019 8:07 am
Forum: Non-US Investing
Topic: Your opinion on debt?
Replies: 111
Views: 6599

Re: Your opinion on debt?

Everything in moderation.

Look at societies that don’t allow debt/interest. It’s been extremely difficult to build wealth. There’s a noticeable difference in the standArd of living. Some of this can be attributed to other factors, but a large part of it is the inability to borrow.
by Sam1
Sat Apr 06, 2019 8:03 am
Forum: Non-US Investing
Topic: Your opinion on debt?
Replies: 111
Views: 6599

Re: Your opinion on debt?

I believe "keeping up with the Joneses" is mainly a US phenomenon. In many parts of the world it is considered highly inappropriate to show off with your wealth (or pretend that you can afford to do so). By "many" you mean maybe couple of countries in north west Europe. Because in many parts of the...
by Sam1
Fri Apr 05, 2019 7:34 pm
Forum: Personal Finance (Not Investing)
Topic: Married couples: can you have a team mentality with separate finances?
Replies: 183
Views: 8552

Re: Married couples: can you have a team mentality with separate finances?

As the sole high income earning in our family, it would be unfair to my wife to ever make her feel like we had separate money. It’s “our money”. As a man, there are really only three logical reasons a husband would want to keep money seperate: 1. He wants to play with some of the money and not answ...
by Sam1
Fri Apr 05, 2019 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: Married couples: can you have a team mentality with separate finances?
Replies: 183
Views: 8552

Re: Married couples: can you have a team mentality with separate finances?

In my view, the first aspect of "team mentality" is common savings and financial goals. If in marriage there is an agreement on saving, spending, investing, and steps towards little/no debt and financial independence, separate finances can work - though it will be harder than shared finances. The b...
by Sam1
Wed Apr 03, 2019 5:19 am
Forum: Personal Finance (Not Investing)
Topic: Weighing career options (34 yo, considering leaving low COL for high COL, am I crazy?)
Replies: 54
Views: 3934

Re: Weighing career options (34 yo, considering leaving low COL for high COL, am I crazy?)

besides the job opportunity, the fact you don’t have kids is the determining factor. Even in a very HCOL city, you can find a decent one bedroom to rent that doesn’t cost an arm or a leg. Having kids is what makes a HCOL city hard. You suddenly require a lot more space, childcare costs are high, may...
by Sam1
Wed Apr 03, 2019 5:12 am
Forum: Personal Finance (Not Investing)
Topic: Weighing career options (34 yo, considering leaving low COL for high COL, am I crazy?)
Replies: 54
Views: 3934

Re: Weighing career options (34 yo, considering leaving low COL for high COL, am I crazy?)

ohai: It's in-house legal work that would make me very marketable in most major and midsized cities in the United States and I wouldn't need preexisting relationships or a book of business, which is rare in my profession. This sounds like a great opportunity. I’d go for it. It will open up doors in...
by Sam1
Tue Apr 02, 2019 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: At a crossroad - Expensive House or Private School Tuition?
Replies: 68
Views: 4184

Re: At a crossroad - Expensive House or Private School Tuition?

Always buy in the good school district. your house is much more likely to retain/increase its value that way. $50k/yr for 12+ years of private school tuition could pay for a lot of house Private school is so expensive now that it doesn’t make sense unless you’re independently wealthy It’s 50k per k...
by Sam1
Tue Apr 02, 2019 8:34 am
Forum: Personal Finance (Not Investing)
Topic: At a crossroad - Expensive House or Private School Tuition?
Replies: 68
Views: 4184

Re: At a crossroad - Expensive House or Private School Tuition?

Financially it's basically a wash. In the end you could have a $1M house to your name instead of 700k, but if you add in the cost of higher maintenance, renovation, taxes, etc., it may break even too. I'd consider other factors. Location, neighborhood, proximity to amenities, commute, etc. School f...