Search found 930 matches

by Thegame14
Sat May 25, 2019 10:59 am
Forum: Personal Finance (Not Investing)
Topic: Close to making an offer on a home
Replies: 9
Views: 699

Re: Close to making an offer on a home

I think the first house is going to get into a bidding war and likely go 20-25K over asking and I dont like the deception no matter how small... The second house if it is a long commute, I would just keep looking there is no rush to buy, if anything housing prices are likely to go down interest rate...
by Thegame14
Fri May 24, 2019 9:05 am
Forum: Personal Consumer Issues
Topic: Should I buy my leased Subaru Outback?
Replies: 18
Views: 716

Re: Should I buy my leased Subaru Outback?

Why not lease a new one and put off a decision for a few years. Because I am tired of wasting money. Originally I was looking to spend $20k, but that does not really seem doable. Everything I look at it cost more for AWD, low miles, leather, etc.. we bought a Mazda CX-9 a year ago with 32K miles on...
by Thegame14
Fri May 24, 2019 8:42 am
Forum: Personal Consumer Issues
Topic: Best bassinet
Replies: 20
Views: 846

Re: Best bassinet

a simple one with wheels. There should be nothing in a bassinet or crib, no toys, no stuffed animals, no blankets no bumpers, nothing except baby. If baby is cold turn thermostat up for put thicker closes on.
by Thegame14
Thu May 23, 2019 6:11 pm
Forum: Personal Investments
Topic: Mortgage as part of AA
Replies: 38
Views: 1201

Re: Mortgage as part of AA

actually the question ahs gotten completely de-railed, the only question was when considering my overall AA, do I include my mortgage with my investments or not....
by Thegame14
Thu May 23, 2019 4:11 pm
Forum: Personal Investments
Topic: Mortgage as part of AA
Replies: 38
Views: 1201

Re: Mortgage as part of AA

Everyone needs to be careful about discussing inflation in a clinical, abstract sense. The real impact of inflation for you is whether your wage increases nominally due to inflation and whether your average cost of living is increasing. The CPI is a basket, if your expenses are dominated by a fixed...
by Thegame14
Thu May 23, 2019 3:54 pm
Forum: Personal Investments
Topic: Mortgage as part of AA
Replies: 38
Views: 1201

Re: Mortgage as part of AA

and what if rates to up to 6% and MM starts paying 4% return? or inflation goes up to 4%? mortgage rates are at historic lowes, they used to be in the teens and even 20% historically, if rates go up just to 6-7% id then be making money on the mortgage.
by Thegame14
Thu May 23, 2019 3:38 pm
Forum: Personal Investments
Topic: Mortgage as part of AA
Replies: 38
Views: 1201

Re: Mortgage as part of AA

Your house is an asset. Your mortgage is a liability. Your asset allocation is for stocks/bonds/CDs/Cash. Do not count your house or mortgage in your asset allocation. It just muddles things. Stay between Age - 10 and Age - 20 for your bond/fixed allocation and you will be fine. I would say that it...
by Thegame14
Thu May 23, 2019 3:08 pm
Forum: Personal Investments
Topic: Mortgage as part of AA
Replies: 38
Views: 1201

Re: Mortgage as part of AA

right but if I owe $270K and inflation is 3% per year, doesn't that mean my real interest rate is 1.25%? Inflation has averaged closer to 2% over the last 20 years. So you're real interest rate is closer to 2.25%. Where you can buy a fixed income investment today that is guaranteed to pay you a 2.2...
by Thegame14
Thu May 23, 2019 2:30 pm
Forum: Personal Investments
Topic: Mortgage as part of AA
Replies: 38
Views: 1201

Re: Mortgage as part of AA

right but if I owe $270K and inflation is 3% per year, doesn't that mean my real interest rate is 1.25%?
by Thegame14
Thu May 23, 2019 2:07 pm
Forum: Personal Investments
Topic: Mortgage as part of AA
Replies: 38
Views: 1201

Re: Mortgage as part of AA

but doesn't this mortgage get cheaper each year as inflation goes up?
by Thegame14
Thu May 23, 2019 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: Pay for Masters in cash vs. retirement contributions?
Replies: 17
Views: 1053

Re: Pay for Masters in cash vs. retirement contributions?

can you do the program in 4 years and start in fall of one year and end in spring of 5th year, so start fall 2019, end spring 2023, and get 5 years worth of $3,000 company allowance?
by Thegame14
Thu May 23, 2019 1:53 pm
Forum: Personal Investments
Topic: Mortgage as part of AA
Replies: 38
Views: 1201

Mortgage as part of AA

I have my IRA about $90K in three fund, 20% bonds, 80% stocks with 25% of stocks international. my 401K $180K, I try to keep 5 funds all around 20% with one being bonds, one being int'l then the other 3 a mix of large cap small cap mid cap, or one 401K has one healthcare fund. So this generally keep...
by Thegame14
Wed May 22, 2019 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: Senior management/executives
Replies: 49
Views: 3464

Re: Senior management/executives

I would just look for a new job and keep quiet. I have been fired for taking paternity leave that was granted by CFO, who then left the company and new CFO fired me for taking the paternity leave since he said he was new and needed me there to work with him. Another company fired me for having surg...
by Thegame14
Wed May 22, 2019 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: Senior management/executives
Replies: 49
Views: 3464

Re: Senior management/executives

I would just look for a new job and keep quiet. I have been fired for taking paternity leave that was granted by CFO, who then left the company and new CFO fired me for taking the paternity leave since he said he was new and needed me there to work with him. Another company fired me for having surge...
by Thegame14
Wed May 22, 2019 8:26 am
Forum: Personal Investments
Topic: $400,000 gift to stepdaughter
Replies: 76
Views: 8512

Re: $400,000 gift to stepdaughter

First of all, isn't the $15K not taxable, so if I was to get another $15K every year not taxable, year 1 I can pay off my car loan and start fixing up back yard (remove rock wall, regrade), year 2 fence in backyard plus deck and kids playset, year 3 pay off HELOC, year 4 get a "new" car, etc... that...
by Thegame14
Tue May 21, 2019 10:38 pm
Forum: Personal Finance (Not Investing)
Topic: What would you do - Large Commission (Bonus)
Replies: 23
Views: 1942

Re: What would you do - Large Commission (Bonus)

I would do something for yourself and wife that isnt going to break the bank, like a new big screen TV for you, or a lawn service and something for DW like a maid once a month, something to save you time or increase your enjoyment of whatever it is you enjoy, new bed, soemething that each of you can...
by Thegame14
Tue May 21, 2019 10:33 pm
Forum: Personal Investments
Topic: Advice on Windfall
Replies: 17
Views: 1901

Re: Advice on Windfall

pay off mortgage, max out 401K using this extra cash to supplement missing income for as long as you can. I personally would pay off the mortgage at 4.75% which leaves you $110k, then start maxing out your Roth IRA and then your 401k. Some may argue to keep the mortgage and just put it all in your ...
by Thegame14
Tue May 21, 2019 7:13 pm
Forum: Personal Investments
Topic: Advice on Windfall
Replies: 17
Views: 1901

Re: Advice on Windfall

pay off mortgage, max out 401K using this extra cash to supplement missing income for as long as you can.
by Thegame14
Tue May 21, 2019 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: Very High Net Worth, elite private or “good” public
Replies: 278
Views: 17619

Re: Very High Net Worth, elite private or “good” public

I know the issue you say isnt the money, but it is alwyas the money. It seems the answer you want is private school, but $30K per child per year for what 12 years, is $360K, if you invest that money in the market for them, by the time they are college grads, they prob have $1M each. is the value of ...
by Thegame14
Tue May 21, 2019 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: What to do when you have enough?
Replies: 31
Views: 3912

Re: What to do when you have enough?

why does the money have to be "used" how about passing it down and helping future generations? Or giving it to charity upon death? That is really a personal question. IMO the goal isn't to "use" the money, it is to live off the money and hopefully pass down to my kids and their kids enough to set th...
by Thegame14
Tue May 21, 2019 11:38 am
Forum: Personal Finance (Not Investing)
Topic: Should I encourage my kids to work in high school/college?
Replies: 165
Views: 7921

Re: Should I encourage my kids to work in high school/college?

I go back and forth on this. I worked from 14 caddying a little and 15/16 at the town tennis club, and then 17 as soon as I got my license at a retail job. It was nice to have my own money and to learn the value of money, but also would have probably paid off a lot more getting better grades and sch...
by Thegame14
Tue May 21, 2019 11:33 am
Forum: Personal Consumer Issues
Topic: Class action law suits
Replies: 51
Views: 5192

Re: Class action law suits

$18.04 foreign exchange $55.53 Kasha lawsuit $13.53 Verizon Wireless $21.84 riding mower $10.19 lawn mower $31.31 memory $15.97 memory $101.44 memory $13.86 CDs $109.28 magazine $505.24 ING rate renewal $8.00 Hertz $8.23 foreign exchange $326.00 IPOs $281.06 IPOs $48.22 stock settlements $170.90 st...
by Thegame14
Tue May 21, 2019 11:32 am
Forum: Personal Consumer Issues
Topic: Class action law suits
Replies: 51
Views: 5192

Re: Class action law suits

I signed up for a newsletter that had these once a month and I signed up for a few and do get a couple bucks here and there. I cant remember the name of the newsletter now.... Just got one for $20 last week
by Thegame14
Tue May 21, 2019 10:16 am
Forum: Personal Investments
Topic: Retirement goal seems far away
Replies: 25
Views: 1950

Re: Retirement goal seems far away

I think 10 years is a short period of time... Id be happy that you aren't 30 years away from retirement, or not able to retire at al like many people.
by Thegame14
Tue May 21, 2019 8:30 am
Forum: Personal Finance (Not Investing)
Topic: What age did you reach 100K networth?
Replies: 316
Views: 72483

Re: What age did you reach 100K networth?

cash and 401K included, probably around 27/28.
by Thegame14
Mon May 20, 2019 10:33 pm
Forum: Personal Investments
Topic: New investor portfolio review & can we afford another baby?
Replies: 15
Views: 1512

Re: New investor portfolio review & can we afford another baby?

Can I ask where you are based? We've reviewed our household budget line by line and have very few areas where further cuts can been made. (To prepare for Kid #1, we cut most inessentials from our budget, so there's truly not much fat left on the bone.) I've been getting mixed messages on where to p...
by Thegame14
Mon May 20, 2019 8:38 am
Forum: Personal Investments
Topic: New investor portfolio review & can we afford another baby?
Replies: 15
Views: 1512

Re: New investor portfolio review & can we afford another baby?

your expenses are too high, we have similar mortgage, and a higher rate, and pay for one daycare about to start second daycare. We make less money by about $75K and just paid $9K in hospital bills for baby #2 and we have no worries about affording this second child. I would pay off the cars before w...
by Thegame14
Sun May 19, 2019 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Aiming to Retire End of 2019 - Abit Scared
Replies: 45
Views: 5605

Re: Aiming to Retire End of 2019 - Abit Scared

I think you are in great shape. Only two thiings I will say are if home is paid off $125K per year of expenses seems insanely high espeically when you are in a LCOL area, being that house is worth $280K. Second I would take the $73K with COLA, unless you think company will go out of business, is the...
by Thegame14
Sun May 19, 2019 12:04 pm
Forum: Personal Consumer Issues
Topic: Crazy to Sell a Newer Car for an Older Car?
Replies: 49
Views: 2885

Re: Crazy to Sell a Newer Car for an Older Car?

So you considering selling a car that your parents have paid for to buy a cheaper one and invest the difference? First, there are transition costs so it won't be as lucrative as you think. Second, if I am understanding this situation correctly, IMO this should be your parent's decision. That’s corr...
by Thegame14
Fri May 17, 2019 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: Careers in art
Replies: 91
Views: 4690

Re: Careers in art

College is NOT a place for a person to "FIND THEMSELVES", it absolutely is vocational job training. High School is where they are supposed to figure out what they like and don't like and "find themselves", and screw around. Then they should choose the best college that suits their desired career cho...
by Thegame14
Fri May 17, 2019 1:00 pm
Forum: Personal Investments
Topic: Near future high earner - getting ready
Replies: 14
Views: 1456

Re: Near future high earner - getting ready

Covert and contribute max to Roth in 2019. obviously max out 401K as much as you can each year, especially in 2020 and beyond. I would advise paying off the loans ASAP, but maybe wait til the new salary kicks in just to be safe. For my the ABSOLUTE most important things, are first and foremost, live...
by Thegame14
Fri May 17, 2019 9:34 am
Forum: Personal Consumer Issues
Topic: Guidance on choosing between UMich and Brown
Replies: 102
Views: 5393

Re: Guidance on choosing between UMich and Brown

With Brown, you have an ivy league degree. Compared to U of Michigan, that might not matter so much if you're going into CS, unless you're thinking of taking that CS and going to fintech/wall street. U of Michigan has a well-respected engineering program, but Brown is an Ivy, which can open doors a...
by Thegame14
Wed May 15, 2019 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: Move out or stay at my parents?
Replies: 70
Views: 4750

Re: Move out or stay at my parents?

Hi I’m 27 and I just bought a 2 family home. I’m renting it both but was debating moving in the downstairs apartment. His lease is up in September. I put down 20 percent and I would be paying around 1100 a month in “rent” towards the mortgage. My parents, and brother are both telling me I should st...
by Thegame14
Wed May 15, 2019 11:38 am
Forum: Personal Consumer Issues
Topic: Dealer or Local Mechanic?
Replies: 41
Views: 1943

Re: Dealer or Local Mechanic?

for my old beaters we use local mechanic, for the new mazda we have used the dealer, but so far only don't brakes which they helped us out with price and oil changes.
by Thegame14
Tue May 14, 2019 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Worth Fighting a Speeding Ticket?
Replies: 64
Views: 4244

Re: Worth Fighting a Speeding Ticket?

usually you go to court and if you plead guilty they will reduce it one level so if you were going 30 over the limit, they will reduce it to 20 over, so I would do that, and then if it is points take the defensive driving course to reduce your points. You dont need a lawyer to do this. The only way ...
by Thegame14
Tue May 14, 2019 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a "new" car - Advice pls
Replies: 68
Views: 4396

Re: Buying a "new" car - Advice pls

you are in the best years of your life, making a good salary and living at home, you wont believe the costs associated with a home, you think mortgage and taxes are the big items, then cable TV is $200, gas is $100, electric $175, car insurance $150, water, sewer, cell phone, day care, home alarm, i...
by Thegame14
Mon May 13, 2019 3:15 pm
Forum: Personal Consumer Issues
Topic: Car lost acceleration
Replies: 111
Views: 5764

Re: Car lost acceleration

mechanic said front brakes fine, needs rear drums adjusted and cost is $68, so lucked out.
by Thegame14
Mon May 13, 2019 1:33 pm
Forum: Personal Consumer Issues
Topic: Car lost acceleration
Replies: 111
Views: 5764

Re: Car lost acceleration

See, that is what worries me. They only care about profit and not the best interest of the customer. they know that most people who come to them aren't going to know what they are talking about and just do whatever they say, Given your post history, you appear to hold a great deal of disdain/bitter...
by Thegame14
Mon May 13, 2019 1:03 pm
Forum: Personal Consumer Issues
Topic: Car lost acceleration
Replies: 111
Views: 5764

Re: Car lost acceleration

They love to say calpers as well because they know if we knew about them we could change the brakes ourselves but if we cant we dont know enough to know if calpers are needed or not, and that doubles the price....and then all of the sudden we are up to a ridiculous $500 for brakes. Calipers need to...
by Thegame14
Mon May 13, 2019 11:32 am
Forum: Personal Consumer Issues
Topic: Car lost acceleration
Replies: 111
Views: 5764

Re: Car lost acceleration

It should be $150 for the pads and less than an hour of labor, but somehow magically it will be over $300, like every other time I take the car to the shop, it is never less than $300 which is why I have anxiety over bringing the car in. it is never a simple easy wuick fix that is like $100 or less ...
by Thegame14
Mon May 13, 2019 10:18 am
Forum: Personal Consumer Issues
Topic: Car lost acceleration
Replies: 111
Views: 5764

Re: Car lost acceleration

Good for you! Now, since you made no efforts for years to do simple repairs, have you at least changed the oil, air filter, possible brake job, new tires, etc.? Hey, I don't like to spend money on cars either, but if you don't spend when needed, you will likely end up spending much more later. Taki...
by Thegame14
Sun May 12, 2019 2:28 pm
Forum: Personal Consumer Issues
Topic: Car lost acceleration
Replies: 111
Views: 5764

Re: Car lost acceleration

I almost always use Delta gas it is the cheapest price and same cash and credit so I can use my 5% off gaes 25% of the year from chase credit card.
by Thegame14
Sun May 12, 2019 1:00 pm
Forum: Personal Consumer Issues
Topic: Car lost acceleration
Replies: 111
Views: 5764

Re: Car lost acceleration

OP here,

AutoZone fixed the battery for free, said to bring car back once check engine light is on. Check engine light didnt come on, and about a week later car has regained power..... is that weird or what?
by Thegame14
Thu May 09, 2019 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Sending $$$ to fiancee to fund solo practice
Replies: 22
Views: 2467

Re: Sending $$$ to fiancee to fund solo practice

first I would get a lawyer and draw up a legal loan document, including interest, you are not married, and she has no experience, this is a disaster waiting to happen for her professionally and you financially.
by Thegame14
Thu May 09, 2019 12:25 pm
Forum: Personal Investments
Topic: Hedge against the decline of the Realtor profession
Replies: 48
Views: 4046

Re: Hedge against the decline of the Realtor profession

If someone in the Realtor profession wants to hedge against the decline of the residential real estate agent profession, what should they invest in? From what I have heard and seen, it is very likely that real estate agents will face major challenges in the next 5-10 years because of falling commis...
by Thegame14
Wed May 08, 2019 4:03 pm
Forum: Personal Investments
Topic: investment for infant
Replies: 29
Views: 2721

Re: investment for infant

Hi, I would like to start investing a certain amount of money for my child. Some rules are: 2. I am fine if it is for education - however, I am hesitant to do a 529 as I am not sure my child may want to restrict their education to the United States. Will look forward to your thoughts Thanks Has you...
by Thegame14
Wed May 08, 2019 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: Going solar
Replies: 29
Views: 2251

Re: Going solar

I've just signed up for a solar lease...they pay a bit up front as a bonus, come and install new panels, and it will lower my energy bill. They are on the hook to repair/replace if anything happens to them. I went the route of the lease because I didn't want to pay anything out of pocket, and not s...
by Thegame14
Wed May 08, 2019 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: Going solar
Replies: 29
Views: 2251

Re: Going solar

you want to start on www.energysage.com. We were spending about $175 a month, now $3 per month. System with new GAF 50 year warranty roof and new electric panel cost $40K, less 30% tax credit, so about net of $28K, about every month, 10 out of 12 we earn an SREC which we sell for about $200 and we s...
by Thegame14
Wed May 08, 2019 11:33 am
Forum: Personal Investments
Topic: One Man Show: Small Business Owner, Help!
Replies: 12
Views: 1370

Re: One Man Show: Small Business Owner, Help!

I am not sure the solo 401K rule, but I think you could put all of yours into it. I think the $19K is for a non business owner.