Search found 602 matches

by Nissanzx1
Wed Sep 18, 2019 10:36 am
Forum: Personal Consumer Issues
Topic: $2k repairs on $12K car
Replies: 81
Views: 5164

Re: $2k repairs on $12K car

You are hesitant to spend $2000 on repair, yet you think nothing of spending much more on sales tax alone for another vehicle?

I’d be fixing the car and enjoying it.
by Nissanzx1
Sat Aug 24, 2019 7:24 am
Forum: Personal Consumer Issues
Topic: Amazon -- no longer the lowest prices, evidently
Replies: 120
Views: 13055

Re: Amazon -- no longer the lowest prices, evidently

I’m probably the last human who isn’t prime, never have been, never will be. I watch prices like a hawk and I simply can’t shop there they are so high... not a fan Where are you shopping for the lowest prices? Every time I see one of these threads, I search around for the lowest price on the next f...
by Nissanzx1
Wed Aug 07, 2019 11:32 pm
Forum: Personal Consumer Issues
Topic: Amazon -- no longer the lowest prices, evidently
Replies: 120
Views: 13055

Re: Amazon -- no longer the lowest prices, evidently

I’m probably the last human who isn’t prime, never have been, never will be. I watch prices like a hawk and I simply can’t shop there they are so high... not a fan
by Nissanzx1
Tue Aug 06, 2019 6:39 am
Forum: Personal Investments
Topic: Portfolio review -- early 40s
Replies: 10
Views: 1579

Re: Portfolio review -- early 40s

Looking good! I’d say write about a $70,000 check today to mortgage lender and make a hard sacrifice to be mortgage debt free in 2 more years. Bootstrap it. You will have even more to plow into the markets. With the politics what they are and no mortgage payment, you will be able to buy lots of shar...
by Nissanzx1
Mon Aug 05, 2019 11:35 pm
Forum: Personal Consumer Issues
Topic: ways to stay a little cleaner during diy car maintenance
Replies: 39
Views: 2499

Re: ways to stay a little cleaner during diy car maintenance

I lay on a harbor freight movers blanket. I wear the most crappy clothes I can find. Some designs are more conducive to spills, I almost always spill something filling up the jug with the old oil...
by Nissanzx1
Mon Aug 05, 2019 6:37 am
Forum: Personal Finance (Not Investing)
Topic: Financial anxiety and next steps in relationship
Replies: 102
Views: 7729

Re: Financial anxiety and next steps in relationship

I would probably like to know how much of the student loan she has paid off since degree completion? I would certainly not include student loan forgiveness in your financial plan after marriage, because we just don’t know politically what will happen. That leaves you married, with all these loans an...
by Nissanzx1
Mon Aug 05, 2019 6:24 am
Forum: Personal Finance (Not Investing)
Topic: Are we considered House poor?
Replies: 21
Views: 3535

Re: Are we considered House poor?

26% seems fine. Eventually, the plan should probably include planning for a day when its zero percent but I don’t feel like 26% is crazy at all...
by Nissanzx1
Sat Aug 03, 2019 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: Companies not sending bills
Replies: 14
Views: 1159

Re: Companies not sending bills

With the amount of letters/packages we get for other people around town, I wouldn’t be surprised if it they are getting delivered elsewhere. I had 1 letter last week get incorrectly delivered to us twice! I don’t do bill pay or any auto payments here, everything must come in paper form. I will pay a...
by Nissanzx1
Sat Aug 03, 2019 6:44 am
Forum: Personal Consumer Issues
Topic: my toyota camry transmission life time garantee test
Replies: 14
Views: 1576

Re: my toyota camry transmission life time garantee test

I would drain and fill the fluid with the Toyota spec fluid.

I don’t subscribe to lifetime fill whatsoever, but certainly suit yourself.
by Nissanzx1
Sat Aug 03, 2019 6:05 am
Forum: Personal Consumer Issues
Topic: Older used car with low miles or newer used car with higher miles
Replies: 37
Views: 2421

Re: Older used car with low miles or newer used car with higher miles

Many buyers get hung up on mileage. I have found high mileage cars to be a tremendous value. The key is to make sure you are buying from the individual owner that has the actual receipts (or a logbook) of services performed. My daily driver has 285K and really runs very well. Make sure you read up o...
by Nissanzx1
Sat Aug 03, 2019 5:50 am
Forum: Personal Investments
Topic: Young with large windfall - would appreciate input on nuanced investment plan
Replies: 14
Views: 3437

Re: Young with large windfall - would appreciate input on nuanced investment plan

I’m assuming that you have considered gift tax in your plan as your relative gifted this before he passed away? You may have a significant amount due here to state and federal taxes, please be very careful. Also, I can’t think of a millionaire I know that leases cars. I’d re think that plan. Leasing...
by Nissanzx1
Fri Aug 02, 2019 7:10 am
Forum: Personal Consumer Issues
Topic: luxury vehicle: what income/asset range
Replies: 75
Views: 4781

Re: luxury vehicle: what income/asset range

No real hard and fast rule. We probably wouldn’t spend over $25,000 on a vehicle unless we had about a $1M NW. Our next car will be bought in 1-2 years for $15,000ish. It will be a used Lexus from a private owner. We will pay cash. NW will be somewhere around $750K then. I think the idea is not to h...
by Nissanzx1
Mon Jul 29, 2019 7:00 am
Forum: Personal Finance (Not Investing)
Topic: Is a rental property a good way to diversify my income to protect against job loss and / or stock market decline?
Replies: 21
Views: 1808

Re: Is a rental property a good way to diversify my income to protect against job loss and / or stock market decline?

We have 2 rentals. I don’t mind it personally BUT I would (and haven’t) ever borrowed money to buy or maintain them. They must be paid for so that all the rent comes to you. You will find that the only one making money if you finance, is your lender. And you won’t feel “diversified” if you get a bad...
by Nissanzx1
Wed Jul 24, 2019 11:05 pm
Forum: Personal Consumer Issues
Topic: wine in cans
Replies: 34
Views: 2533

Re: wine in cans

The acrobat Cans from Oregon are the best I’ve had. I’m in the wine biz. Only problem is that one can is half a bottle of wine, so don’t chug it like beer lol.
by Nissanzx1
Wed Jul 24, 2019 10:29 am
Forum: Personal Finance (Not Investing)
Topic: Creative, "outside the box" to lower auto expenses?
Replies: 63
Views: 3677

Re: Creative, "outside the box" to lower auto expenses?

I save thousands every year on auto repair doing it myself. That didn't come across as too inspiring, but sounds terrible as in: My cars break all the time. I guess we save thousands every year on auto repair because our cars never need any repairs. Lol I totally see your point! I guess you pay for...
by Nissanzx1
Tue Jul 23, 2019 3:32 am
Forum: Personal Consumer Issues
Topic: New house... need to buy fridge and washer & dryer
Replies: 44
Views: 3596

Re: New house... need to buy fridge and washer & dryer

We just did this and were told everywhere by sales people avoid Samsung. We went Maytag and whirlpool.
by Nissanzx1
Tue Jul 23, 2019 3:29 am
Forum: Personal Finance (Not Investing)
Topic: Creative, "outside the box" to lower auto expenses?
Replies: 63
Views: 3677

Re: Creative, "outside the box" to lower auto expenses?

Just added a 150cc scooter to the fleet for around town. $1.91 in gas last week and I drive the thing everywhere.

Other than that, don’t be afraid to dig around YouTube and get your hands dirty. I save thousands every year on auto repair doing it myself.
by Nissanzx1
Tue Jul 23, 2019 3:20 am
Forum: Personal Finance (Not Investing)
Topic: What two or three financial things to do to wind up wealthy regardless if you make numerous other financial mistakes?
Replies: 85
Views: 9383

Re: What two or three financial things to do to wind up wealthy regardless if you make numerous other financial mistakes

Bad financial mistakes take years to get corrected. Be cautious here, really think things through. 1) Don’t borrow money other than modest home. 2) Don’t ever carry consumer debt balances. 3) Save 25% of everything you make for emergencies and retirement. 4) marry the right person who is on the same...
by Nissanzx1
Sun Jul 21, 2019 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: MBA worth it?
Replies: 95
Views: 8214

Re: MBA worth it?

I though about it for a few years... decided to keep the money. I know a few people here who have one, they don’t make much more than me...

I’m sure up and coming people on the coasts can really make big money with an MBA climbing the corporate ladder. Nothing wrong with that.
by Nissanzx1
Sat Jul 20, 2019 8:51 am
Forum: Personal Investments
Topic: Where to invest "car fund" for 10 years or more
Replies: 22
Views: 2444

Re: Where to invest "car fund" for 10 years or more

I’d honestly just set aside $200/mo from your income into a separate savings account and call it “vehicle repair/replacement.” We do $300 monthly and there is always money for whatever we need including acquiring a nice used vehicle, if necessary. Seems like that would give you some piece of mind wh...
by Nissanzx1
Sat Jul 20, 2019 7:06 am
Forum: Investing - Theory, News & General
Topic: Zero % down mortgages. Are we going to see 2008 again?
Replies: 27
Views: 3034

Re: Zero % down mortgages. Are we going to see 2008 again?

Never underestimate the greed of lending institutions. I’d say it’s unlikely to be as bad as 2008 again. I think the bigger problem is consumer lending via credit cards, student loan balances, and auto loans which appear to be at record levels. I saw a dealer in my area yesterday pushing 84 month fi...
by Nissanzx1
Thu Jul 18, 2019 6:57 am
Forum: Personal Finance (Not Investing)
Topic: Please help, Father dying & losing homes
Replies: 22
Views: 3113

Re: Please help, Father dying & losing homes

Attorney for sure. Dad May be in real trouble here depending on rules in your particular state. Doing a quick switcheroo on property titles could open recipient up to gift taxes depending how this gets done. Additionally, whatever you do make sure Dad isn’t going to get in trouble later for hiding a...
by Nissanzx1
Thu Jul 18, 2019 6:46 am
Forum: Personal Finance (Not Investing)
Topic: How much house to buy?
Replies: 14
Views: 1240

Re: How much house to buy?

One leading popular personal finance guy says no more than 25% of take home pay on a 15 year fixed. Seemed reasonable to me. I think the idea is just so people don’t get house poor (40% or more is generally considered house poor). Besides, you’ll want income left over to make all those repairs and u...
by Nissanzx1
Thu Jul 18, 2019 3:29 am
Forum: Personal Investments
Topic: Beginning Investments
Replies: 8
Views: 669

Re: Beginning Investments

I was in your situation last year and opened a Robinhood account. It’s kinda fun picking stocks... of course, my “real” money goes into VTSAX...
by Nissanzx1
Wed Jul 17, 2019 9:12 pm
Forum: Personal Consumer Issues
Topic: Box wine- update and recommendations?
Replies: 73
Views: 6030

Re: Box wine- update and recommendations?

Wine sales guy here. We have samples every night from the work day, which is nice. Our wine budget is zero, BUT if we had to pay for wine we would likely keep some Bota Box on hand. The only fair warning I’ll give you is that with boxed wine there is NO way to remember how much you have drank- so it...
by Nissanzx1
Wed Jul 17, 2019 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a Different Vehicle
Replies: 17
Views: 2214

Re: Buying a Different Vehicle

My advice is simple for used vehicles: 1) Pay cash money or don’t buy. 2) Buy from individual sellers only (prefer Original owners). They must have records for service work and the vehicle must be independently inspected by a trusted mechanic. Use results of inspection to negotiate and pay attention...
by Nissanzx1
Wed Jul 17, 2019 4:04 am
Forum: Personal Investments
Topic: Should I refinance my home loan?
Replies: 13
Views: 1130

Re: Should I refinance my home loan?

The 30 year note is generally for people buying at the max borrow they can qualify for, or people who just aren’t really adding up the costs of borrowing- lol or both. There is massive opportunity cost of paying off mortgage in 15 years versus 30 years. Interest isn't the only cost. Also, not every...
by Nissanzx1
Wed Jul 17, 2019 3:49 am
Forum: Investing - Theory, News & General
Topic: [Merrill Lynch charges high fees]
Replies: 43
Views: 4489

Re: [Merrill Lynch charges high fees]

I can almost guarantee whatever Dad signed allowed them to do what they did. It truly is shark infested waters... I’m so sorry, that’s insane and would make me furious...
by Nissanzx1
Tue Jul 16, 2019 10:47 pm
Forum: Personal Investments
Topic: Should I refinance my home loan?
Replies: 13
Views: 1130

Re: Should I refinance my home loan?

Your rate is decent, I suppose it’s worth shopping it around. If you are really concerned about how much interest you are paying, you need to be in a 15 year note and payoff early. The 30 year note is generally for people buying at the max borrow they can qualify for, or people who just aren’t reall...
by Nissanzx1
Tue Jul 16, 2019 10:38 pm
Forum: Personal Finance (Not Investing)
Topic: 1 million in liquid assets or paid off mortgage by 40?
Replies: 61
Views: 6555

Re: 1 million in liquid assets or paid off mortgage by 40?

Either of them are great financial goals. We paid off the home at 39. 41 now, Not millionaires yet be we can see it on the horizon hopefully in the next few years. I do have to say that these are kinda arbitrary goals and honestly I wouldn’t let either consume me. Gotta live life too :). 60 years fr...
by Nissanzx1
Tue Jul 16, 2019 10:30 pm
Forum: Personal Finance (Not Investing)
Topic: Do you care about your home appreciating?
Replies: 91
Views: 5499

Re: Do you care about your home appreciating?

Current home has climbed 32% alledegly in past 6 years. Past one I left $25000 in the street on repairs so I guess it averages out. I consider home really more of a lifestyle decision than anything. Ideally I’d like to loose no money but it’s more about day to day life than appreciation. It just mea...
by Nissanzx1
Sun Jul 14, 2019 7:45 am
Forum: Personal Consumer Issues
Topic: Should I Buy a Motorcycle?
Replies: 59
Views: 3251

Re: Should I Buy a Motorcycle?

Yes financing it will hurt you. You already have one reasonably large auto loan outstanding. Lender will not like seeing two auto notes on the application, it will throw the debt/income ratio further off. If your number one goal is really getting the home built, spend the rest of this year paying do...
by Nissanzx1
Sun Jul 07, 2019 10:30 pm
Forum: Personal Investments
Topic: Anyone itching to dabble in crypto?
Replies: 46
Views: 3281

Re: Anyone itching to dabble in crypto?

Never heard of her. Lol seriously though, no I wouldn’t even suggest this to an enemy...
by Nissanzx1
Wed Jul 03, 2019 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: The Day Has Come - Hit Retirement Number - Now What?
Replies: 103
Views: 11088

Re: The Day Has Come - Hit Retirement Number - Now What?

I’d just stay where you are until you find the answer to work that you might really love. Set a goal by X months you are out of that job and on to something you like that’s fulfilling. This market will pull up and down hard and you will feel much less flush with the major indexes halved when it does...
by Nissanzx1
Fri Jun 28, 2019 6:44 am
Forum: Personal Investments
Topic: Sold one of two houses. Pay off the other house?
Replies: 18
Views: 1691

Re: Sold one of two houses. Pay off the other house?

As long as their is a 6 month emergency fund in place, I’d pay the house off. The mortgage tax deduction is an absolute joke that people like to use to justify long-term mortgage debt as “smart.” Its not smart. What’s smart is paying off your home early and investing large portions of your income fo...
by Nissanzx1
Fri Jun 21, 2019 6:40 am
Forum: Personal Finance (Not Investing)
Topic: Permanent DINK couples - Considerations, thoughts, etc?
Replies: 97
Views: 10778

Re: Permanent DINK couples - Considerations, thoughts, etc?

We are DINKs Male 41, Female 37. We would love kids, just hasn’t happened for us yet. We run about 12 month Emergency Fund, paid-for modest 1700 SQ Ft home. We have small (250K) term life policies. We probably save 30% between IRA’s, 401K’s, brokerage, etc. Plan is to leave it to our 29 nieces and n...
by Nissanzx1
Fri Jun 14, 2019 12:21 pm
Forum: Personal Investments
Topic: Purchasing home with less than 20% downpayment experiences?
Replies: 52
Views: 3659

Re: Purchasing home with less than 20% downpayment experiences?

I did zero down FHA when I purchased my first home. Lived there for 10 years. Made every payment on time. Refinanced twice, one to remove girlfriend and another to move for 15 year vs 30. Never took any cash out. After ten years walked away with $7000 upon sale. Make $675 payments for 10 years. I p...
by Nissanzx1
Fri Jun 14, 2019 7:24 am
Forum: Personal Consumer Issues
Topic: Buy Mini-Van Tomorrow or No?
Replies: 59
Views: 3727

Re: Buy Mini-Van Tomorrow or No?

Minivans are handy. Your current cars aren’t bad. Suits the needs of immediate family.

Personally if I can’t pay cash, the answer is always no. Especially if there was already another car with outstanding payments.

Just my $.02
by Nissanzx1
Fri Jun 14, 2019 12:13 am
Forum: Personal Consumer Issues
Topic: Alternatives to car rental for three months?
Replies: 57
Views: 4293

Re: Alternatives to car rental for three months?

Just buy something inexpensive and dump it when done.
by Nissanzx1
Thu Jun 13, 2019 10:24 pm
Forum: Personal Consumer Issues
Topic: Side x Side/Utility Vehicle
Replies: 20
Views: 1410

Re: Side x Side/Utility Vehicle

I am not an expert but have experience being around them. My folks have a basic Mule 4x4. It was around $8000 and drives beautifully and they even pull a trailer with it sometimes. I have friends with Polaris side by side Utility and Sport models as well. They seem pretty well made, one Polaris Rang...
by Nissanzx1
Thu Jun 13, 2019 6:43 am
Forum: Personal Investments
Topic: Purchasing home with less than 20% downpayment experiences?
Replies: 52
Views: 3659

Re: Purchasing home with less than 20% downpayment experiences?

I did zero down FHA when I purchased my first home. Lived there for 10 years. Made every payment on time. Refinanced twice, one to remove girlfriend and another to move for 15 year vs 30. Never took any cash out. After ten years walked away with $7000 upon sale. Make $675 payments for 10 years. I pa...
by Nissanzx1
Mon Jun 10, 2019 11:53 pm
Forum: Personal Finance (Not Investing)
Topic: Planning for potential second home purchase
Replies: 8
Views: 1240

Re: Planning for potential second home purchase

Seems like there are quite a few unknowns here. Long distance land lording is not without its challenges... $350K plus $750K owed on mortgages is quite a bit to chew with this net worth. I’m kind of sweating just thinking about it quite frankly. In the meantime, I’d be cutting lifestyle and socking ...
by Nissanzx1
Thu Jun 06, 2019 11:10 pm
Forum: Personal Investments
Topic: $10,200 Gross commission Check... What would you do with it?
Replies: 31
Views: 3488

Re: $10,200 Gross commission Check... What would you do with it?

Congrats on the big check! Good stuff.

2 and 4 would be what I’d do in your shoes. It’s time to clean those up. Curious what you bought with the credit card?

If you don’t have 3-6 months expenses liquid in savings I’d use the leftover amount to jump start that... otherwise I’d do the Roth.
by Nissanzx1
Thu Jun 06, 2019 6:26 am
Forum: Personal Investments
Topic: TSP Loan for Real Estate Investment
Replies: 18
Views: 779

Re: TSP Loan for Real Estate Investment

Don't do anything with partners especially with real estate. Why not? The D’s: Divorce Death Disinterest Drug/alcohol Addiction Default No way I’d do this deal. Save up and pay cash for your rentals. You will find that it’s a much cleaner way of doing business and as stress free as possible. I’d ra...
by Nissanzx1
Wed Jun 05, 2019 3:03 am
Forum: Personal Consumer Issues
Topic: Do you drive old cars for long distance travels?
Replies: 105
Views: 7750

Re: Do you drive old cars for long distance travels?

Yes just returned 10 hour round trip in 2003 Honda with 281K.
by Nissanzx1
Sun Jun 02, 2019 9:28 pm
Forum: Personal Investments
Topic: Do I need a financial planner or investment advisor or just this forum?
Replies: 30
Views: 3227

Re: Do I need a financial planner or investment advisor or just this forum?

Stick around here and most readers will agree a paid advisor isn’t really necessary. People can get into trouble with asset allocation simply because there are nearly endless possibilities. Suggested reading: Jim Collins, the Simple Path to Wealth. Some people think that something as hairy as the su...
by Nissanzx1
Sun Jun 02, 2019 8:57 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off debt or create passive income?
Replies: 12
Views: 1130

Re: Pay off debt or create passive income?

I’m getting anxiety for you and your family just reading this. Listen to your wife. Please don’t build a house of cards on a windy day. We have rentals but rentals come only after all other debts are paid and we also pay cash for ours because we want as little risk as possible. I personally wouldn’t...
by Nissanzx1
Sun Jun 02, 2019 5:20 pm
Forum: Personal Investments
Topic: 31 and needing outsider critique on finances - Correct Format!
Replies: 38
Views: 5192

Re: 31 and needing outsider critique on finances

You are doing better than many your age. I’m most concerned with the credit card debt. Not because of anything other than your willingness to even flirt with it. If I were in your shoes I’d be most concerned with eliminating the credit card, student loans, and increasing the emergency fund. You nee...
by Nissanzx1
Sun Jun 02, 2019 10:31 am
Forum: Personal Investments
Topic: 31 and needing outsider critique on finances - Correct Format!
Replies: 38
Views: 5192

Re: 31 and needing outsider critique on finances

You are doing better than many your age. I’m most concerned with the credit card debt. Not because of anything other than your willingness to even flirt with it. If I were in your shoes I’d be most concerned with eliminating the credit card, student loans, and increasing the emergency fund. You need...
by Nissanzx1
Sat Jun 01, 2019 11:22 pm
Forum: Personal Consumer Issues
Topic: Negotiate for Used Car via Email
Replies: 13
Views: 1018

Re: Negotiate for Used Car via Email

Used car buying requires a face to face negotiation because the vehicle must be driven and inspected. No reason to be afraid of this, polite but firm is the way to be. Explain what the car needs to be useful to you, make your offer, and walk away if they don’t take it. Don’t be unreasonable or unkin...