Search found 528 matches

by Nissanzx1
Tue May 21, 2019 10:27 am
Forum: Personal Consumer Issues
Topic: Anybody recommending Windows World?
Replies: 22
Views: 1708

Re: Anybody recommending Windows World?

I did recently replace about 15 windows in a rental. Paid around $2600 with tax from the Home Depot. Simple white vinyl, single hung. They look pretty good! I did them all myself slowly over a few weeks. That way I know they are done right and had the right silicone applied, etc. I have heard the go...
by Nissanzx1
Wed May 15, 2019 7:58 am
Forum: Personal Consumer Issues
Topic: Dealer or Local Mechanic?
Replies: 41
Views: 1943

Re: Dealer or Local Mechanic?

I do everything I can myself. If I can’t figure it out, I send it to my local independent mechanic.

I had a dealer once charge me $462 for an oil change. That was it for me.
by Nissanzx1
Sun May 12, 2019 7:41 am
Forum: Personal Finance (Not Investing)
Topic: Potential Real Estate Rental Investment
Replies: 11
Views: 1050

Re: Potential Real Estate Rental Investment

In your case it’s too much risk for a small reward. We have a couple small rentals but paid cash only after our home was paid for. Keep your risks as low as possible. Find a steal with cash (steal, not just a deal). You are young there is plenty of time. I do agree with others about making sure you ...
by Nissanzx1
Tue May 07, 2019 11:28 pm
Forum: Personal Finance (Not Investing)
Topic: Walk away from my auto lease?
Replies: 154
Views: 7350

Re: Walk away from my auto lease?

Sorry I don’t buy parts of the story. But if 100% true I would place the vehicle in front of their dealerships with posters in the window detailing the problems you have had with the car. I’d pay to have the car moved from store to store to store to get the message out. I’d also make the payments. F...
by Nissanzx1
Thu May 02, 2019 3:43 pm
Forum: Personal Consumer Issues
Topic: Car lost acceleration
Replies: 111
Views: 5764

Re: Car lost acceleration

Need ODB Codes first. This issue could be several things. Check oil and transmission fluid levels. I have this exact problem now on my Honda Element and it’s a VTEC Spool Valve Solenoid. Oil has been leaking on it and it slowly (after 279K miles) it failed. You have had some recent bad luck. I’m sor...
by Nissanzx1
Wed Apr 24, 2019 3:55 am
Forum: Personal Consumer Issues
Topic: Pros/Cons of Condo Living?
Replies: 83
Views: 10762

Re: Pros/Cons of Condo Living?

Brother bought a 1BR unit up on 3rd floor 3 years ago for $28K cash. Dumped $10K into it on updates. $185 mo dues include insurance, water, trash, cable. It’s really inexpensive living. Super-nosy older neighbors that all insist on smoking indoors (yuck!) and turned him into the association for havi...
by Nissanzx1
Sun Apr 21, 2019 10:33 pm
Forum: Personal Investments
Topic: Tapping into Roth to buy a house
Replies: 21
Views: 1529

Re: Tapping into Roth to buy a house

Do what you want. Here’s what I would do: Slow wayyyy down. Pay the rentals off or sell them and then buy your primary 100% down or large enough down to avoid PMI. Build the rentals back up later with cash. Rentals that are financed are trouble and pressure. I feel a storm brewing here. I hope I’m w...
by Nissanzx1
Sun Apr 21, 2019 7:55 am
Forum: Personal Finance (Not Investing)
Topic: First Time Home Buyer Tips
Replies: 32
Views: 2029

Re: First Time Home Buyer Tips

Home inspection including sewer cam. Condition of siding, windows, HVAC, insulation, roofing, foundation, ETC.

Other general deal breakers:
20% Down min
15 Year Fixed Max term
Don’t buy with partner unless married. Been there, got the T Shirt. Major disaster.
by Nissanzx1
Thu Apr 18, 2019 11:11 pm
Forum: Personal Finance (Not Investing)
Topic: Not Maxing 401K OK?
Replies: 53
Views: 5448

Re: Not Maxing 401K OK?

Err on the side of savings. Even in the short term you'll be amazed at how it accumulates. But have fun. For about 10 years I did some amazingly stupid things financially--second homes, expensive cars, expensive watches--but on the whole I don't regret it because (1) I learned from it (that is, how...
by Nissanzx1
Wed Apr 17, 2019 10:38 pm
Forum: Personal Finance (Not Investing)
Topic: I’m a Loser Stuck in a Dead End Job
Replies: 63
Views: 7941

Re: I’m a Loser Stuck in a Dead End Job

Any family members or friends making fun of you for working the job you do are toxic and must be cut from your life or significantly diminished. Cut or diminish contact with these people. They are defeating your spirit. You cannot allow that. You don’t need to be rude or argue about it, just vanish....
by Nissanzx1
Wed Apr 17, 2019 10:24 pm
Forum: Personal Finance (Not Investing)
Topic: Not Maxing 401K OK?
Replies: 53
Views: 5448

Re: Not Maxing 401K OK?

So I see lots of folks on here maxing 401K’s. Question is: For us mortals with lower income, is it ok to not max? Deets below... I’m 40, wife 36. I gross $50K, she grosses $76K. I save 18% pre tax VTSAX, Roth maxed out (2018 was my first Roth sadly, wife too) we invest in mostly VTI in Roth’s. She ...
by Nissanzx1
Wed Apr 17, 2019 10:17 pm
Forum: Personal Finance (Not Investing)
Topic: Not Maxing 401K OK?
Replies: 53
Views: 5448

Re: Not Maxing 401K OK?

So I see lots of folks on here maxing 401K’s. Question is: For us mortals with lower income, is it ok to not max? Deets below... I’m 40, wife 36. I gross $50K, she grosses $76K. I save 18% pre tax VTSAX, Roth maxed out (2018 was my first Roth sadly, wife too) we invest in mostly VTI in Roth’s. She ...
by Nissanzx1
Wed Apr 17, 2019 10:07 pm
Forum: Personal Finance (Not Investing)
Topic: Not Maxing 401K OK?
Replies: 53
Views: 5448

Re: Not Maxing 401K OK?

Tdubs wrote:
Wed Apr 17, 2019 10:05 pm
Re. the TIAA target fund, there are usually two versions in TIAA. Make sure you are using cheaper ER index fund version.
I had no idea. Thanks we will check into this!
by Nissanzx1
Wed Apr 17, 2019 10:05 pm
Forum: Personal Finance (Not Investing)
Topic: Not Maxing 401K OK?
Replies: 53
Views: 5448

Re: Not Maxing 401K OK?

You are saving 20%-25% between 401ks and Roth which is very good. Perhaps you are getting some company match too? You are doing well. If you have the opportunity to put more in the 401k then do so, but you are on a good pace. The benefit to saving more is you have the option to retire earlier. At y...
by Nissanzx1
Wed Apr 17, 2019 10:03 pm
Forum: Personal Finance (Not Investing)
Topic: Not Maxing 401K OK?
Replies: 53
Views: 5448

Re: Not Maxing 401K OK?

So I see lots of folks on here maxing 401K’s. Question is: For us mortals with lower income, is it ok to not max? Deets below... I’m 40, wife 36. I gross $50K, she grosses $76K. I save 18% pre tax VTSAX, Roth maxed out (2018 was my first Roth sadly, wife too) we invest in mostly VTI in Roth’s. She ...
by Nissanzx1
Wed Apr 17, 2019 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: Not Maxing 401K OK?
Replies: 53
Views: 5448

Not Maxing 401K OK?

So I see lots of folks on here maxing 401K’s. Question is: For us mortals with lower income, is it ok to not max? Deets below... I’m 40, wife 36. I gross $50K, she grosses $76K. I save 18% pre tax VTSAX, Roth maxed out (2018 was my first Roth sadly, wife too) we invest in mostly VTI in Roth’s. She s...
by Nissanzx1
Wed Apr 17, 2019 3:12 pm
Forum: Personal Investments
Topic: Wife's 1st retirement account? Please advise
Replies: 7
Views: 580

Re: Wife's 1st retirement account? Please advise

Zero minimum is a major red flag for me in your post. She’s 37 and has zero retirement funds. Time to be shooting above zero as she is waaayyyy behind.

Get a budget and a plan together and swing for the fences. It’s time to shine.

Just my $.02
by Nissanzx1
Wed Apr 17, 2019 12:05 am
Forum: Personal Finance (Not Investing)
Topic: In Laws Retirement Nest Egg
Replies: 156
Views: 14410

Re: In Laws Retirement Nest Egg

They live frugally, they are fine. My grandparents lived off SS for 25 years with a paid for house and old paid for car. Their nest egg was $40K. No one starved, bills were paid... I’d personally let it be. They have more money than probably 90% of retirees. Of course it would have been nice for him...
by Nissanzx1
Sun Apr 14, 2019 5:17 pm
Forum: Personal Consumer Issues
Topic: Walking shoes
Replies: 33
Views: 2175

Re: Walking shoes

Hoka One One or New Balance for Athletic and Merrell for Hiking. You will thank me later ;)
by Nissanzx1
Sun Apr 14, 2019 5:50 am
Forum: Personal Finance (Not Investing)
Topic: Home affordability - Can I afford it?
Replies: 22
Views: 2370

Re: Home affordability - Can I afford it?

You are making good money. I’d say if you can do it on a 15 year fixed, go for it. Just keep a large emergency fund for payments that high. It does add an increased element of risk to your life, but as long as you can accept that...
by Nissanzx1
Fri Apr 12, 2019 6:09 am
Forum: Personal Investments
Topic: Where to invest $50k, how to wisely invest $50k
Replies: 13
Views: 1653

Re: Where to invest $50k, how to wisely invest $50k

I would personally pay off any other non- mortgage debt. After that’s accomplished, start deleting the home mortgage.

A paid for home has a nice return to it in a number of ways...

Congrats on your successes! You keep saving like this, and you will be very wealthy.
by Nissanzx1
Thu Apr 11, 2019 10:03 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a house next year. Wife wants a big house. Thoughts?
Replies: 104
Views: 8645

Re: Buying a house next year. Wife wants a big house. Thoughts?

I’d compromise. She wants the big place but the down payment fund is a touch light. You two as a team scrape a total of 50% down in cash. Make her participate in the sacrifice. You’ll be more content and less worried about risks of job loss and she still gets the big home. Jobs paying what you both ...
by Nissanzx1
Thu Apr 11, 2019 7:25 am
Forum: Personal Finance (Not Investing)
Topic: How do 40 year olds decide what they can afford?
Replies: 85
Views: 9701

Re: How do 40 year olds decide what they can afford?

I’m 40, I only buy what I have the cash for. The only “Toy” I really really want is a larger retirement fund balance.

I’d consider dumping some mortgage debt. I think it’s time to get at least down to one mortgage.
by Nissanzx1
Wed Apr 10, 2019 6:33 am
Forum: Personal Finance (Not Investing)
Topic: Finding buyer's agent if we might buy our current rental
Replies: 8
Views: 520

Re: Finding buyer's agent if we might buy our current rental

You were right to be upfront. I would guarantee the agent a small fee if they show you 20 houses and you end up with your rental, say $250 or $500 for their time. It isn’t fair to expect someone to work for free. If the roles were reversed, how would you feel? Ideally you would just make the decisio...
by Nissanzx1
Tue Apr 09, 2019 11:20 pm
Forum: Personal Finance (Not Investing)
Topic: Bogleheads, why won't anyone hire me?
Replies: 194
Views: 17703

Re: Bogleheads, why wont anyone hire me?

Stop trying so hard. Good things will come to you, start over with a new gig and work it ground floor up. There is plenty of time.

Have patience. Remember that this game is as much how you spend it as how much you earn...
by Nissanzx1
Mon Apr 08, 2019 9:07 pm
Forum: Personal Investments
Topic: Real Estate Investing - Actual Property vs an Index fund
Replies: 10
Views: 1495

Re: Real Estate Investing - Actual Property vs an Index fund

I only have 2 rental properties. I think it’s either in your blood or it’s not. Nothing wrong with you if it’s not. Nothing wrong with sticking your cash in index funds or even a few REIT’s. We paid cash for our two properties (combined value only about $110K). $1350/mo rents for the pair. I sure w...
by Nissanzx1
Mon Apr 08, 2019 8:59 pm
Forum: Personal Consumer Issues
Topic: fun car advice
Replies: 140
Views: 9047

Re: fun car advice

Most used $50K sports cars will depreciate. NSX won’t Air Cooled 911 won’t, water-cooled Porsche will depreciate. Older Ferrari won’t BUT Will cost you considerable money in maintaining the vehicle Turbo Carerra water cooled (the exception to above rule) I’d personally cut your budget to $20K and ge...
by Nissanzx1
Mon Apr 08, 2019 8:51 pm
Forum: Personal Investments
Topic: Real Estate Investing - Actual Property vs an Index fund
Replies: 10
Views: 1495

Re: Real Estate Investing - Actual Property vs an Index fund

I only have 2 rental properties. I think it’s either in your blood or it’s not. Nothing wrong with you if it’s not. Nothing wrong with sticking your cash in index funds or even a few REIT’s. We paid cash for our two properties (combined value only about $110K). $1350/mo rents for the pair. I sure wo...
by Nissanzx1
Mon Apr 08, 2019 6:47 am
Forum: Personal Investments
Topic: Those that have an "Anti-Boglehead" investment account, what are your "risky" plays?
Replies: 92
Views: 6395

Re: Those that have an "Anti-Boglehead" investment account, what are your "risky" plays?

I have about 1% of our net worth in some single stocks. 12 month roll up only 3.76% but have quite a few dividend payers in there on top of that. Own Coke, McDonald’s, Pepsi, Kraft, AT&T, and the majority in a smaller regional bank with very conservative lending style, and a large grocery conglomera...
by Nissanzx1
Sun Apr 07, 2019 7:30 am
Forum: Personal Finance (Not Investing)
Topic: How Much Term Life Insurance?
Replies: 56
Views: 3280

Re: How Much Term Life Insurance?

Great job on income and net worth. If I were you, I would want additional coverage as well. I’d probably get another $250-$500K for peace of mind.
by Nissanzx1
Sun Apr 07, 2019 4:55 am
Forum: Personal Finance (Not Investing)
Topic: Rent it out VS Live in it
Replies: 5
Views: 647

Re: Rent it out VS Live in it

I’d personally want nothing to do with roommates. The only other assumption you are making here is both tenants always pay rent and on time. There is possible risk that they don’t pay or slow pay. That would change the math and hassle factor. Be prepared for occasional vacancy. In the case of the on...
by Nissanzx1
Sun Apr 07, 2019 4:41 am
Forum: Personal Finance (Not Investing)
Topic: Any benefits to low salary job with high income spouse?
Replies: 25
Views: 5088

Re: Any benefits to low salary job with high income spouse?

SS credits could be a good point, although she might already have enough years in to qualify for a payment. Highly suggest Roth IRA’s if you aren’t already fully loading them. I believe income limit is around $193K married. Should be able to do $12K per year there depending on your ages. Also, time ...
by Nissanzx1
Fri Apr 05, 2019 11:00 am
Forum: Personal Finance (Not Investing)
Topic: New Car Fund
Replies: 13
Views: 769

Re: New Car Fund

We just use online savings but you could move into mutual funds or ETF if you don’t mind the ups and downs. You will probably come out better in that long time horizon.
by Nissanzx1
Fri Apr 05, 2019 7:09 am
Forum: Personal Investments
Topic: Mom retired with not quite enough savings, questions about annuity
Replies: 44
Views: 5547

Re: Mom retired with not quite enough savings, questions about annuity

I’d suggest a new full time job or two part time jobs (40 hours total) until her home is paid for. I never understood how some seniors don’t realize that retiring the mortgage is pretty critical to their risk picture.

The only other real option is having you kids kick in for bridging gaps.
by Nissanzx1
Fri Apr 05, 2019 6:52 am
Forum: Personal Investments
Topic: Advice for son begining to invest
Replies: 33
Views: 1655

Re: Advice for son begining to invest

Maybe show him some graphs/tables with clear explanation of compound interest. Maybe share how your own investing has provided in your own life. How your life would have been different if you didn’t invest. I would echo others comments that the kid has to get out on his own. If he was staying with m...
by Nissanzx1
Thu Apr 04, 2019 7:17 am
Forum: Personal Consumer Issues
Topic: Pay cash for hvac or leverage 0% financing?
Replies: 42
Views: 1747

Re: Pay cash for hvac or leverage 0% financing?

Pay off car loan first, then pay cash for HVAC. If it’s still working, it’s not yet an emergency... You will do better in life if you avoid going into debt (especially for consumable items like cars and HVAC). Don’t even let the option seep into your mind. That means more money to invest for you an...
by Nissanzx1
Thu Apr 04, 2019 4:44 am
Forum: Personal Consumer Issues
Topic: Pay cash for hvac or leverage 0% financing?
Replies: 42
Views: 1747

Re: Pay cash for hvac or leverage 0% financing?

Pay off car loan first, then pay cash for HVAC. If it’s still working, it’s not yet an emergency... You will do better in life if you avoid going into debt (especially for consumable items like cars and HVAC). Don’t even let the option seep into your mind. That means more money to invest for you and...
by Nissanzx1
Tue Apr 02, 2019 7:33 am
Forum: Investing - Theory, News & General
Topic: Can A Watch Be Considered An Investment?
Replies: 33
Views: 2093

Re: Can A Watch Be Considered An Investment?

I’ve been collecting watches for 20 years and am lucky to own everything I want. I’d say watches probably make up around 15% of my net worth. I do wear a nice watch everyday and enjoy the absolute heck out of them. If I ever had to, I could get some very strong money out of them. The last few years,...
by Nissanzx1
Tue Apr 02, 2019 7:03 am
Forum: Personal Consumer Issues
Topic: Dealing with craigslist scammers
Replies: 22
Views: 1827

Re: Dealing with craigslist scammers

I do try and string them along with dumb questions and reply’s but there really isn’t many other forms of revenge..l
by Nissanzx1
Tue Apr 02, 2019 6:59 am
Forum: Personal Finance (Not Investing)
Topic: Comparison shopping for a mortgage - any advice?
Replies: 9
Views: 1032

Re: Comparison shopping for a mortgage - any advice?

If you want to minimize the amount of interest you pay to the lender, look for a 15 year fixed or better yet, put 100% down. Minimum 20% down or the PMI will eat up any savings you received by rate and fee shopping, and then some. Lots of variables here, so shop at least 3-4 lenders at minimum. The ...
by Nissanzx1
Tue Apr 02, 2019 6:37 am
Forum: Investing - Theory, News & General
Topic: Any Insurance Products better than the Stock Market?
Replies: 22
Views: 1770

Re: Any Insurance Products better than the Stock Market?

I know a few people who most of us would consider “rich.” They don’t do it by buying insurance products. Many stay flush with dividend paying equities and real estate rents. While term life insurance is very important to the average young family, I’ll be disappointed if I need it past 55-60 years of...
by Nissanzx1
Mon Apr 01, 2019 7:43 am
Forum: Non-US Investing
Topic: Your opinion on debt?
Replies: 111
Views: 6602

Re: Your opinion on debt?

At 39, We had finally paid off mortgage, wife’s law school loans, etc. We would never borrow again other than our credit card we pay balance on monthly.

The amount of money we can now invest is staggering. Wish I would have done it 10 years ago to be honest. True peace.
by Nissanzx1
Thu Mar 28, 2019 6:44 am
Forum: Personal Consumer Issues
Topic: Are independent garages cheaper than dealer?
Replies: 58
Views: 4226

Re: Are independent garages cheaper than dealer?

Independent only for us. If your Indy has loaners, free coffee, free donuts, etc - you are likely paying too much.
by Nissanzx1
Wed Mar 27, 2019 10:44 pm
Forum: Personal Investments
Topic: Debating renting our house after we move (also, financial assessment?)
Replies: 14
Views: 857

Re: Debating renting our house after we move (also, financial assessment?)

Welcome! In your situation, I’d sell. Rentals that aren’t paid for can be ticking time bombs. Stress, anxiety, using “your” money to tote the note when someone is late or doesn’t pay. Nope, nope, nope. And then you tell me, “I don’t really like being a landlord.” Trust your gut on this! I would say ...
by Nissanzx1
Tue Mar 26, 2019 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: Paid off mortgage!
Replies: 88
Views: 7323

Re: Paid off mortgage!

Congrats to you! What a feeling...
by Nissanzx1
Tue Mar 26, 2019 6:45 am
Forum: Personal Consumer Issues
Topic: Buying a home
Replies: 13
Views: 875

Re: Buying a home

I think that I would pay attention to hard surface counters/kitchens in general. Sewer updating, windows that aren’t old, high efficiency HVAC a plus, siding, colors on interior and exterior that are neutral enough to resell, egress basement windows, etc. People love these “open” floor plans now so ...
by Nissanzx1
Mon Mar 25, 2019 6:42 am
Forum: Investing - Theory, News & General
Topic: Move beyond stocks after couple mil ?
Replies: 44
Views: 6001

Re: Move beyond stocks after couple mil ?

Good to be thinking outside the box. Trust me when I say you want nothing to do with food service. I have a couple friends in the field and there just isn’t enough money for the stress and trouble. It doesn’t sound like you are all that interested in rental property- and that’s ok! Keep doing what y...
by Nissanzx1
Sun Mar 24, 2019 7:47 am
Forum: Personal Finance (Not Investing)
Topic: What to do when client doesn't pay and ignores you?
Replies: 29
Views: 3579

Re: What to do when client doesn't pay and ignores you?

Keep in mind this person may be experiencing financial hardship and may only be able to pay those that have them in legal process. Yes, I would file a simple small claims action. I think there is a good chance you will get resolution/restitution.
by Nissanzx1
Sun Mar 24, 2019 2:18 am
Forum: Personal Finance (Not Investing)
Topic: Sell our condo or rent it out?
Replies: 17
Views: 1316

Re: Sell our condo or rent it out?

Rental income needs to make 10% on equity at minimum.

In your example I’d be selling. Play around with rentals after your home is paid off.
by Nissanzx1
Sat Mar 23, 2019 7:46 am
Forum: Personal Consumer Issues
Topic: Lease a car or buy a car
Replies: 49
Views: 3102

Re: Lease a car or buy a car

We have two older Mercedes in the garage now. They are pretty good cars, but nowhere even close to Toyota reliability overall. Cars today are engineered to extract your cash on the service drive if, God forbid, you use the dealer after the warranty period. There are so many features in the modern ca...