Search found 28 matches

by yuppiebogle
Wed May 29, 2019 9:58 am
Forum: Personal Finance (Not Investing)
Topic: Buying a "new" car - Advice pls
Replies: 76
Views: 5968

Re: Buying a "new" car - Advice pls

Late reply - Thanks for all the feedback and insight, guys. Lately, I've been looking more at new cars since all the used cars I keep looking at keep having accident histories that I keep finding out about :( (even the ones being sold at dealerships).. Would it be fiscally irresponsible to throw dow...
by yuppiebogle
Fri May 17, 2019 10:33 am
Forum: Personal Finance (Not Investing)
Topic: Buying a "new" car - Advice pls
Replies: 76
Views: 5968

Re: Buying a "new" car - Advice pls

How many miles/yr do you drive? Just ran a rough calculation based on my weekly schedule.. at my current rate I think I'll drive ~20-22k miles a year. How tolerant are you to the risk of a car breakdown? For some, a small chance is no big deal -- annoying if it happens, but not that bad. For others...
by yuppiebogle
Tue May 14, 2019 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a "new" car - Advice pls
Replies: 76
Views: 5968

Re: Buying a "new" car - Advice pls

Unfortunately, you can't drive a Kia safely. However, if I were you, I would buy whatever model is rated top safety. In addition, I think 7months is wayyy too far from now to really know what you'll be doing. Anything can happen/change here on out. I say wait about a month, weeks if possible, then ...
by yuppiebogle
Tue May 14, 2019 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a "new" car - Advice pls
Replies: 76
Views: 5968

Re: Buying a "new" car - Advice pls

You’re so young that an extra $10k now could easily be worth $2M-$5M later in life. I’d expand the search to include the 2015+ Kia Forte and buy used. Whatever you buy please inspect it and drive it safely. Good luck! You’re so young that an extra $10k now could easily be worth $2M-$5M later in lif...
by yuppiebogle
Tue May 14, 2019 11:09 am
Forum: Personal Finance (Not Investing)
Topic: Buying a "new" car - Advice pls
Replies: 76
Views: 5968

Re: Buying a "new" car - Advice pls

If I am you.... 1) I will avoid buying new due to the much higher expenses. You'll need to pay "destination fee" for about $1K, your insurance premium and excise tax will go up and of course you'll need to pay higher sales tax. Everything adds up. Noted. I do acknowledge and will take into consider...
by yuppiebogle
Tue May 14, 2019 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Buying a "new" car - Advice pls
Replies: 76
Views: 5968

Re: Buying a "new" car - Advice pls

I'd suggest you take a look at 2018 Mazda 3's. The new 2019 model is completely redesigned and is driving prices down on the 2018s. I was able to grab a Touring model (2.5L) with Bose/Tech package for $19.6K OTD, taxes registration, everything (MSRP was >$22K). If you just want the basic Sport mode...
by yuppiebogle
Tue May 14, 2019 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Buying a "new" car - Advice pls
Replies: 76
Views: 5968

Re: Buying a "new" car - Advice pls

As others have mentioned, spend the smallest reasonable amount to buy a car. The Craiglist saved search I have is for: cars & trucks - by owner title status: clean, max odometer: 49999, max price: 11999, min odometer: 5000, min model year: 2012, min price: 3500 This nets a surprising amount of cars...
by yuppiebogle
Tue May 14, 2019 10:40 am
Forum: Personal Finance (Not Investing)
Topic: Buying a "new" car - Advice pls
Replies: 76
Views: 5968

Re: Buying a "new" car - Advice pls

FlyAF wrote:
Tue May 14, 2019 10:25 am
No comment on the car, but you're crushing it for your age. I wish I had had your head on my shoulders at 25 y/o.
Thanks and appreciate the compliment. Though the funny thing is, you always still feel like you're not doing enough / can be doing incrementally better (at least I do). :|
by yuppiebogle
Tue May 14, 2019 10:37 am
Forum: Personal Finance (Not Investing)
Topic: Buying a "new" car - Advice pls
Replies: 76
Views: 5968

Re: Buying a "new" car - Advice pls

I would buy the nicest/lowest mileage car you can get for the $15k (above your emergency fund). How much of the $15k that you saved are you willing to spend on a car? That is the right amount to spend at 25. - I guess all of it, if I want to.. The 15k (amount above my arbitrary 6k emergency fund) i...
by yuppiebogle
Tue May 14, 2019 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Buying a "new" car - Advice pls
Replies: 76
Views: 5968

Re: Buying a "new" car - Advice pls

Personally--in my experience, new cars cost a whole lot less than used cars, once you take into account all of the expenses associated with the car. I've owned many used cars that crapped out after 2-3 years, and usually had significant maintenance expenses associated with them. The only new car I'...
by yuppiebogle
Tue May 14, 2019 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Buying a "new" car - Advice pls
Replies: 76
Views: 5968

Buying a "new" car - Advice pls

Hi fellow Bogleheads, I will be potentially in the market for a "new" car (most likely a 4 door sedan) within the next 6 - 7 months and wanted your advice regarding questions such as: - How much can I afford / How much should I look to spend on the car itself? - What is considered a healthy/conserva...
by yuppiebogle
Tue Feb 26, 2019 1:56 pm
Forum: Personal Investments
Topic: 25 years old - Evaluate my finances
Replies: 19
Views: 1772

Re: 25 years old - Evaluate my finances

You're doing great. Maxing out a 401k at age 25 is an impressive feat. That said, what are your long term goals? You should consider investing in yourself to scale up the revenue side of the finances. Thanks. Long-term goal, generally is to be financially independent retire early (FIRE). Don't real...
by yuppiebogle
Tue Feb 26, 2019 11:45 am
Forum: Personal Investments
Topic: 25 years old - Evaluate my finances
Replies: 19
Views: 1772

Re: 25 years old - Evaluate my finances

A Few Notes: - Still single - Rent + Utilities: ~$400/mo. ( moved into a friend's living room to get out of the parents' house and be closer to work :happy ) I foresee myself potentially switching jobs this year and moving elsewhere which will probably increase my rent/living costs a decent amount,...
by yuppiebogle
Tue Feb 26, 2019 10:50 am
Forum: Personal Investments
Topic: 25 years old - Evaluate my finances
Replies: 19
Views: 1772

Re: 25 years old - Evaluate my finances

You are doing great accumulating over $100k as such a young age. Thanks. I guess when you spend a lot of time on this forum/community and compare yourself to others who make more than you, it's easy for you ( cough , me) to always feel behind/like you could be doing better no matter where you're at...
by yuppiebogle
Tue Feb 26, 2019 10:17 am
Forum: Personal Investments
Topic: 25 years old - Evaluate my finances
Replies: 19
Views: 1772

Re: 25 years old - Evaluate my finances

You are doing great accumulating over $100k as such a young age. Thanks. I guess when you spend a lot of time on this forum/community and compare yourself to others who make more than you, it's easy for you ( cough , me) to always feel behind/like you could be doing better no matter where you're at...
by yuppiebogle
Tue Feb 26, 2019 10:15 am
Forum: Personal Investments
Topic: 25 years old - Evaluate my finances
Replies: 19
Views: 1772

Re: 25 years old - Evaluate my finances

Personally, my emergency fund is my Roth IRA contributions and a portion of my HSA This is good to hear. I use my Roth IRA contributions as my emergency fund as well. Additionally, I hold $10k in actual cash in case I have a quick need want and it requires quick access to cash. Example - I found a ...
by yuppiebogle
Mon Feb 25, 2019 5:15 pm
Forum: Personal Investments
Topic: 25 years old - Evaluate my finances
Replies: 19
Views: 1772

Re: 25 years old - Evaluate my finances

It looks to me like you're doing great. Only thing I don't see is what is your desired asset allocation? I see no bonds in your retirement savings, which is a reasonable thing at your age. But when do you plan to transition to holding some? Also what is your desired international stocks percentage?...
by yuppiebogle
Mon Feb 25, 2019 3:58 pm
Forum: Personal Investments
Topic: 25 years old - Evaluate my finances
Replies: 19
Views: 1772

25 years old - Evaluate my finances

Hey everyone! I discovered this community ~1 - 1.5 yrs ago and have really enjoyed absorbing as much knowledge as I can from all of you bright folks. I thought it would be beneficial to do an annual check-in here for myself to see where I've improved/fell short and what else I could/should be improv...
by yuppiebogle
Sat Feb 09, 2019 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: Pay for life insurance on myself for my parents?
Replies: 12
Views: 530

Re: Pay for life insurance on myself for my parents?

You are not being selfish. I assume that your parents are the beneficiaries of this term life insurance. Do you get life insurance through your employer that you could replace this with? Do you have anyone else (spouse, significant other, children, siblings) that would receive more benefit from bei...
by yuppiebogle
Sat Feb 09, 2019 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: Pay for life insurance on myself for my parents?
Replies: 12
Views: 530

Pay for life insurance on myself for my parents?

Context : Chinese parents, I'm young (twenties), healthy, and work a stable corporate job. Situation : My dad bought term life insurance on me and my siblings when we were very young and now wants to pass on the annual premiums to me now that I work/can support myself. My first thought is, "I don't...
by yuppiebogle
Sun May 20, 2018 12:07 am
Forum: Personal Finance (Not Investing)
Topic: Is the first 100k really the hardest?
Replies: 156
Views: 47199

Re: Is the first 100k really the hardest?

I've been fortunate to have established some good financial habits young.. living with parents post college has helped too. Should be hitting 100k net worth by end of this year.. 2 years out of college :happy Would've been several months sooner if I had not made some 10-20k mistakes over the past 2 ...
by yuppiebogle
Wed Apr 18, 2018 10:01 am
Forum: Personal Finance (Not Investing)
Topic: How old are you and how much do you save for retirement a year
Replies: 244
Views: 34615

Re: How old are you and how much do you save for retirement a year

24 years old 401k - $ 21.7k (max contribution + company match) Roth IRA - $5.5k (max contribution) HSA - $3.45k (max contribution) Taxable - ~12k (1k/mo.) --- Total: 42.65k Taxable isn't really for 'retirement' more so cash for near-medium term goals, so I guess if you don't include that amount then...
by yuppiebogle
Tue Apr 17, 2018 7:06 pm
Forum: Personal Investments
Topic: 24 years old - Evaluate my finances
Replies: 11
Views: 1802

Re: 24 years old - Evaluate my finances

Anyone have any additional recommendations on what should I do with my cash balance right now? (how much to throw into investments? should I throw near term savings in a CD vs. keeping it in a high-yield savings account?)
by yuppiebogle
Mon Apr 16, 2018 7:04 pm
Forum: Personal Investments
Topic: 24 years old - Evaluate my finances
Replies: 11
Views: 1802

Re: 24 years old - Evaluate my finances

k3vb0t, Thanks for your insights! Currently, I do not "own" a car. Me and my siblings all drive a car that are under my dad's name. I take care of my own fuel and auto insurance expenses. My dad is fine with letting me use his cars for as long as they will drive/last and that's what I intend to do s...
by yuppiebogle
Mon Apr 16, 2018 5:57 pm
Forum: Personal Investments
Topic: 24 years old - Evaluate my finances
Replies: 11
Views: 1802

Re: 24 years old - Evaluate my finances

Anyone else have something to share that I might have overlooked?
by yuppiebogle
Sun Apr 15, 2018 1:31 pm
Forum: Personal Investments
Topic: 24 years old - Evaluate my finances
Replies: 11
Views: 1802

Re: 24 years old - Evaluate my finances

Thank you for the information and book recommendations, dratkinson! :happy
by yuppiebogle
Sun Apr 15, 2018 1:17 pm
Forum: Personal Investments
Topic: 24 years old - Evaluate my finances
Replies: 11
Views: 1802

Re: 24 years old - Evaluate my finances

brother7, VGINT description: The Vanguard Institutional 500 Index Trust seeks to track the performance of a benchmark index that measures the investment return of large-capitalization stocks. The trust portfolio currently invests all its assets in Institutional Select shares of the Vanguard 500 Inde...
by yuppiebogle
Sat Apr 14, 2018 9:59 pm
Forum: Personal Investments
Topic: 24 years old - Evaluate my finances
Replies: 11
Views: 1802

24 years old - Evaluate my finances

Hi fellow Bogleheads! :happy Please help evaluate my current financial position and share any insights/advice you may have on how I can further improve! A little bit about Me --- - Graduated from college 2 years ago and have been living at home with the parents in a low COL area. - Not a huge spende...