Search found 396 matches

by Nissanzx1
Fri Jan 18, 2019 7:40 am
Forum: Investing - Theory, News & General
Topic: Investing and Paying down Debt
Replies: 9
Views: 722

Re: Investing and Paying down Debt

It sounds like lots of big goals at once. I'd slow down and prioritize a large emergency fund, because of your concern about job loss. That will help you feel more secure as you make your way through subsequent goals. You made a decision a couple years back to take on a sizable mortgage. Depending o...
by Nissanzx1
Thu Jan 17, 2019 3:31 am
Forum: Investing - Help with Personal Investments
Topic: Why are you NOT buying rental properties?
Replies: 189
Views: 11489

Re: Why are you NOT buying rental properties?

I think the true answer is most people don't care to put in the work or take risks. I guess I can understand that. We have one rental and shopping for another now. You can mitigate some risks by saving and paying cash. We have had a good experience the last 2.5 years so far. We will buy more propert...
by Nissanzx1
Wed Jan 16, 2019 11:54 pm
Forum: Personal Finance (Not Investing)
Topic: Ever encountered a toxic advisor? How did you handle it?
Replies: 25
Views: 2940

Re: Ever encountered a toxic advisor? How did you handle it?

Met with two in my life. I won't do it again. They were both impressed with their certifications and accreditations. It had the opposite effect on me than what they intended.
by Nissanzx1
Tue Jan 15, 2019 11:41 pm
Forum: Personal Finance (Not Investing)
Topic: Change my mind - Lease > Buy New Car
Replies: 23
Views: 1938

Re: Change my mind - Lease > Buy New Car

I don’t like leases because I like eventually not having a car payment! Frees up cash for investing. +1. I never understood why otherwise smart people rationalize giving a (sometimes sizable) portion of their income (every month) to someone else for the purpose of getting themselves around town. It...
by Nissanzx1
Tue Jan 15, 2019 11:24 pm
Forum: Personal Finance (Not Investing)
Topic: A co-worker makes more than me
Replies: 77
Views: 6504

Re: A co-worker makes more than me

I wouldn't let this bother me. You like the job and are willing to do it for the money right? Concentrate on adding value and you will get your dues in the end. Besides if you make a big deal about it, it's going to get noticed and in the wrong way. Remember, there isn't anything more important than...
by Nissanzx1
Sun Jan 13, 2019 12:18 pm
Forum: Personal Consumer Issues
Topic: Brake fluid replacement?
Replies: 68
Views: 3808

Re: Brake fluid replacement?

I have a 2003 Honda with 277K. I service it myself and about every 2 years I use a turkey baster to suck out the old fluid from resoivoir and I replace it wil new clean fluid up to the Fill line. It's costs $2 and works great for me. Good Luck. When you change your oil (assuming 4 quarts), do you d...
by Nissanzx1
Sun Jan 13, 2019 11:10 am
Forum: Investing - Help with Personal Investments
Topic: Real estate as part of overall investment plan
Replies: 37
Views: 2595

Re: Real estate as part of overall investment plan

We have one rental and are shopping another right now. It's pretty hard to go wrong if you 1) get a deal and 2) pay cash. If you can't do both of those things, I personally wouldn't do it. I'm sorry that comes off as pretty naive. If you can't go wrong with it and all you need is cash then why are ...
by Nissanzx1
Sun Jan 13, 2019 5:41 am
Forum: Personal Consumer Issues
Topic: Brake fluid replacement?
Replies: 68
Views: 3808

Re: Brake fluid replacement?

I have a 2003 Honda with 277K. I service it myself and about every 2 years I use a turkey baster to suck out the old fluid from resoivoir and I replace it wil new clean fluid up to the Fill line. It's costs $2 and works great for me.

Good Luck.
by Nissanzx1
Sun Jan 13, 2019 5:34 am
Forum: Investing - Help with Personal Investments
Topic: Real estate as part of overall investment plan
Replies: 37
Views: 2595

Re: Real estate as part of overall investment plan

We have one rental and are shopping another right now. It's pretty hard to go wrong if you 1) get a deal and 2) pay cash. If you can't do both of those things, I personally wouldn't do it. Not really. See this thread as an example. https://www.bogleheads.org/forum/viewtopic.php?t=191039 My spouse i...
by Nissanzx1
Sat Jan 12, 2019 9:23 pm
Forum: Investing - Theory, News & General
Topic: Any thoughts on the role of Gold in your portfolio?
Replies: 96
Views: 5183

Re: Any thoughts on the role of Gold in your portfolio?

The only Gold we have is jewelry and watches. Certainly we enjoy them but we wouldn't consider owning gold as an investment.
by Nissanzx1
Sat Jan 12, 2019 9:18 pm
Forum: Investing - Help with Personal Investments
Topic: Real estate as part of overall investment plan
Replies: 37
Views: 2595

Re: Real estate as part of overall investment plan

We have one rental and are shopping another right now. It's pretty hard to go wrong if you 1) get a deal and 2) pay cash. If you can't do both of those things, I personally wouldn't do it.
by Nissanzx1
Fri Jan 11, 2019 5:49 am
Forum: Personal Finance (Not Investing)
Topic: Saving for Home Down-payment
Replies: 10
Views: 759

Re: Saving for Home Down-payment

We are doing this now. We use an online savings account with Discover bank. It paid something like $83 last month.. Since your timeframe is short, I'd resist the temptation to "invest" the money in stocks/mutual funds. In this environment, you could loose a significant amount in one day. I'd challen...
by Nissanzx1
Thu Jan 10, 2019 11:52 am
Forum: Personal Consumer Issues
Topic: Cleaning Car Battery Terminals
Replies: 26
Views: 1549

Re: Cleaning Car Battery Terminals

Just mix up some baking soda and water and drizzle it on there slowly.

Or Coca Cola also works in a pinch.

There is a small metal tool that cleans these. $4 at harbor freight. Search Battery post cleaner and it should take you there.
by Nissanzx1
Thu Jan 10, 2019 8:56 am
Forum: Personal Finance (Not Investing)
Topic: Debt free...now what?
Replies: 10
Views: 1532

Re: Debt free...now what?

Lots to do, this is just the beginning of your financial success. I suggest you use a zero-based budget and allocate every penny according to your budget. This keeps lifestyle creep from happening. We use separate savings accounts for: Car Repair/Replacement Emergency Fund Hobby Fund Property Taxes/...
by Nissanzx1
Mon Jan 07, 2019 1:57 pm
Forum: Investing - Help with Personal Investments
Topic: Fiancée Thinks I'm Putting Too Much Towards Retirement/ Not Enough Towards Short-Term Goals
Replies: 136
Views: 10525

Re: Fiance Thinks I'm Putting Too Much Towards Retirement/ Not Enough Towards Short-Term Goals

Lots of good advice here. Just a couple thoughts (From a married 40 year old male): 1) Proposed wedding budget seems very high. Make sure that you are both in agreement there. 2) seems like your personal financial philosophies are different. Probably best to sit down and work through that before the...
by Nissanzx1
Mon Jan 07, 2019 7:55 am
Forum: Personal Consumer Issues
Topic: $70k Salary, how much Car can I afford? Recommendations?
Replies: 22
Views: 2708

Re: $70k Salary, how much Car can I afford? Recommendations?

We are in a similar situation to yours as far as income and we bought a car about 2 years ago. Paid cash, about $5500 purchase. We have enough cash sitting around to buy a new Yukon, but that isn't congruent with our financial goals ;) I'd be hesitant to spend much more than $7000-$8000 in this situ...
by Nissanzx1
Sat Jan 05, 2019 11:36 pm
Forum: Personal Finance (Not Investing)
Topic: $40,000 in debt, bankruptcy seems to be the best option right now
Replies: 258
Views: 20239

Re: $40,000 in debt, bankruptcy seems to be the best option right now

Dave Ramsey's system will help you. There is hope. I used his system and my life has taken a 180 (it wasn't easy but worth it!). Your priorities: 1) home cooked food 2) utilities 3) shelter 4) transportation Credit cards can get paid last. Housing as a percentage of income won't let you win with mon...
by Nissanzx1
Sat Jan 05, 2019 8:50 am
Forum: Personal Finance (Not Investing)
Topic: Does a PMI in lieu of 20% down ever make sense?
Replies: 48
Views: 2887

Re: Does a PMI in lieu of 20% down ever make sense?

I have to say that Bogleheads are an interesting group. I'd say not more than 30% of my Buyers have 20% to put down on a house. (Those are usually move up Buyers). Right or wrong most people want to get on with their lives. They want a yard for kids and dogs and a place to set roots. Not surprised,...
by Nissanzx1
Sat Jan 05, 2019 8:36 am
Forum: Personal Consumer Issues
Topic: Engagement Ring (Affordable)
Replies: 138
Views: 7313

Re: Engagement Ring (Affordable)

It is a case of knowing your soon to be partner. My wife grew up poor. Her mom had a $300 wedding ring her whole life. Wife drives a 03 Nissan to this day so she isn't a diva by any stretch. She wanted a nice ring that she had custom designed. I bought a beautiful 1.03 Carat diamond loose on eBay (o...
by Nissanzx1
Sat Jan 05, 2019 8:27 am
Forum: Personal Consumer Issues
Topic: Paying (paper) cash for daily transactions
Replies: 83
Views: 3758

Re: Paying (paper) cash for daily transactions

I carry less than $40. There are 3-4 thrift stores I shop weekly that only accept cash. Otherwise, everything on my fidelity rewards visa for Extra Roth IRA money. I do pay cash for large purchases sometimes. If I am buying a used car from an individual (the ONLY way I would ever buy a car), always ...
by Nissanzx1
Fri Jan 04, 2019 12:22 am
Forum: Personal Consumer Issues
Topic: Engagement Ring (Affordable)
Replies: 138
Views: 7313

Re: Engagement Ring (Affordable)

High end Pawn shop all the way...

Congrats!
by Nissanzx1
Tue Jan 01, 2019 9:54 am
Forum: Personal Finance (Not Investing)
Topic: How to choose a rental property?
Replies: 10
Views: 1087

Re: How to choose a rental property?

I use the county appraisers website and research the owner. How many other properties do they have? Where does the owner live? What's their cost basis in the property (here the price they paid is public)? Are the taxes about due? The last one we bought, Dr owner lived 1500 miles away and purchased t...
by Nissanzx1
Tue Jan 01, 2019 9:21 am
Forum: Personal Consumer Issues
Topic: Bookshelf speakers under $300
Replies: 81
Views: 3407

Re: Bookshelf speakers under $300

I have some NHT bookshelf speakers I bought at a yard sale for $40. They were about $500 new. I love them...
by Nissanzx1
Sun Dec 30, 2018 9:46 pm
Forum: Investing - Help with Personal Investments
Topic: Too Heavy in Real Estate?
Replies: 12
Views: 976

Re: Too Heavy in Real Estate?

Of the really rich people I know, several I can think of are real estate heavy. Nothing wrong with it if you understand real estate and are comfortable with / enjoy being a land lord. We have a much smaller net worth than you but we are about 45% real estate (as percentage of net worth). I'd be comf...
by Nissanzx1
Sat Dec 29, 2018 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: How to afford a sports car?
Replies: 128
Views: 8939

Re: How to afford a sports car?

I understand your delima. Most men with this dream don't achieve this goal until 60 years of age, if ever. I'm 40, I've had some cool cars in my life. Porsche Boxster, lots of Mercedes, several 300ZX's. My rule is $10,000 max on cars, cash only. Currently my weekend cars are a 07 MBZ E350 and a 92 5...
by Nissanzx1
Thu Dec 27, 2018 10:58 pm
Forum: Personal Consumer Issues
Topic: Do Hertz/Avis really cost double Enterprise?
Replies: 58
Views: 3270

Re: Do Hertz/Avis really cost double Enterprise?

I was in car rental for 10 years. The rates are largely determined by demand in the local market you are renting. I never really found much rhyme or reason to the rates.

enterprise owns Alamo and National. The old motto, "If you can't beat em, just buy em"
by Nissanzx1
Thu Dec 27, 2018 10:52 pm
Forum: Personal Finance (Not Investing)
Topic: Will I be renting forever?
Replies: 44
Views: 3129

Re: Will I be renting forever?

Lots of things going on in your life. Relocation seems like it might solve many of the issues you are facing. We live in the Midwest and sit in a 3 br/ 3 bath 1800 square foot home with attached garage for 2 cars. I purchased it 6 years ago for $121,000. We feel like there is plenty to do, and belie...
by Nissanzx1
Tue Dec 25, 2018 8:22 am
Forum: Personal Consumer Issues
Topic: Buying house - Advice requested
Replies: 39
Views: 3958

Re: Buying house - Advice requested

Lots of ways to go wrong with a home purchase. Careful what you say to a real estate agent. You want to transmit very little emotion. Always tell the agent that there are other houses you want to see (and have examples and showings) even during the offer process, so that he/she knows the particular ...
by Nissanzx1
Sun Dec 23, 2018 7:40 pm
Forum: Personal Consumer Issues
Topic: MIL looking for a large "luxury" sedan
Replies: 51
Views: 4983

Re: MIL looking for a large "luxury" sedan

LS460 is the only car to own of those mentioned. Don't believe me? Drive the rest and then drive the LS...
by Nissanzx1
Sun Dec 23, 2018 7:26 pm
Forum: Investing - Theory, News & General
Topic: What was your best investment in 2018?
Replies: 127
Views: 7234

Re: What was your best investment in 2018?

I switched my 401K out of high fee managed funds into Ultra low fee index funds. My time here on this forum has been a great investment as well.
by Nissanzx1
Sat Dec 22, 2018 3:50 am
Forum: Investing - Help with Personal Investments
Topic: Investing in Stocks & Property
Replies: 14
Views: 841

Re: Investing in Stocks & Property

Nothing wrong with property investing IF you WANT to be a landlord. I have one rental and shopping now for another. The only thing I do different is I pay cash. This way I minimize my risks and keep ALL the profits (not interested in sharing with a lender).

Good luck to you.
by Nissanzx1
Sat Dec 22, 2018 3:43 am
Forum: Investing - Theory, News & General
Topic: 1-yr Emergency Fund
Replies: 10
Views: 1541

Re: 1-yr Emergency Fund

For most 1 year is more than enough. If you are heavily leveraged or are a high income earner with an impossible to replace at current salary job, the EF calculus will need to change. EF's should ideally not really be connected to the equities market for most people. For job loss and other large set...
by Nissanzx1
Fri Dec 21, 2018 7:38 am
Forum: Investing - Theory, News & General
Topic: Why contribute to retirement funds?
Replies: 43
Views: 3230

Re: Why contribute to retirement funds?

Something I learned from google recently: Another thing to consider is that 401K and qualified IRA plans are protected in bankruptcy to 1.245M. Worth pointing out for folks heavily leveraged with large real estate portfolios or extreme lifestyle creep issues. We have one acquaintance that had millio...
by Nissanzx1
Fri Dec 21, 2018 7:24 am
Forum: Personal Finance (Not Investing)
Topic: brick-and-mortar vs online bank
Replies: 50
Views: 2628

Re: brick-and-mortar vs online bank

We keep checking and One small savings account local- no minimums, no fees. I stop in about once a week to get a $20 bill and a free coffee.

Started buying a few shares of this local bank in my fun money account. They actually paid me an $81 dividend last month lol
by Nissanzx1
Thu Dec 20, 2018 8:20 pm
Forum: Investing - Theory, News & General
Topic: Who's buying today? where's all the "dry powder" folks at? :)
Replies: 240
Views: 20251

Re: Whose buying today? where's all the "dry powder" folks at? :)

No plans to change my strategy but I did pick up a few single shares for my "gambling" account. I'm not very good at it, but it's wayyyy cheaper than a casino ;)
by Nissanzx1
Thu Dec 20, 2018 7:51 am
Forum: Investing - Help with Personal Investments
Topic: Will you contribute all $6,000 to IRA in Jan or DCA?
Replies: 32
Views: 1957

Re: Will you contribute all $6,000 to IRA in Jan or DCA?

We will DCA and it will take all year to come up with the $12,000 from our income.
by Nissanzx1
Wed Dec 19, 2018 10:24 am
Forum: Personal Consumer Issues
Topic: Buying home-good idea in this case?
Replies: 9
Views: 688

Re: Buying home-good idea in this case?

I think you know it's probably not the best idea, but I'm not sure that will give you much pause. Be wary of rationalization of major financial decisions. You will feel like a rat in a wheel with that much debt. I'd be making significant headway on your massive student loans with the smallest and ch...
by Nissanzx1
Wed Dec 19, 2018 10:04 am
Forum: Personal Finance (Not Investing)
Topic: Is it time to increase the cash Emergency Fund?
Replies: 51
Views: 3572

Re: Is it time to increase the cash Emergency Fund?

We keep 12 months expenses. Makes us feel more secure. No reason you can't keep more if it makes you feel more safe.

I don't see at all how the stock market affects emergency funds. Two completely different things that have no relation, at least they don't in my brain...
by Nissanzx1
Wed Dec 19, 2018 9:57 am
Forum: Personal Consumer Issues
Topic: Math: How much would you spend to repair this car?
Replies: 53
Views: 2372

Re: Math: How much would you spend to repair this car?

I'd fix and drive before I took any car loan. I'd also fix before I parted with that much cash. Go to a mom and pop body shop and explain you are paying cash and you won't fix if it's "too expensive." Corporate body shop will come back with a stupid number. This car still has A TON of life! Don't le...
by Nissanzx1
Wed Dec 19, 2018 12:10 am
Forum: Personal Consumer Issues
Topic: Omega watch expenses
Replies: 33
Views: 2371

Re: Omega watch expenses

I am a Watch guy. Like, way more than I want to admit.

Call Mark Sirianni The Watch Dr in Kane, PA. He's "my guy" for watches.

Mechanicals can be great but they won't be any cheaper to service or anymore accurate.

Cheers...
by Nissanzx1
Wed Dec 19, 2018 12:06 am
Forum: Personal Finance (Not Investing)
Topic: Non-budgeters: How do you handle large purchases?
Replies: 47
Views: 3536

Re: Non-budgeters: How do you handle large purchases?

Interesting topic. Wife and I don't budget monthly. I handle all finances and I Watch expenses like a hawk and we go over bills monthly (10 minute meeting). She appreciates that very little goes to waste. If the air condition blows up, we write a check. If we need to buy a used car (the only car we ...
by Nissanzx1
Tue Dec 18, 2018 11:50 pm
Forum: Investing - Theory, News & General
Topic: What Happened to you during the Financial crisis of 2007–2008
Replies: 249
Views: 20300

Re: What Happened to you during the Financial crisis of 2007–2008

I got hit for about $40,000 (half of my 401K at the time). Did nothing different and continued to contribute. I have quite a bit more than $80K today.

I have switched my 401K holdings to low cost funds from managed funds, so hopefully that will make an impact over the rest of my life.
by Nissanzx1
Tue Dec 18, 2018 11:46 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Loan and Buy vs Rent (already searched forums)
Replies: 33
Views: 1953

Re: Physician Loan and Buy vs Rent (already searched forums)

Thanks for responses. Details -> 35 Married 1 child Spouse works a little, but it's minimal. All of her income (probably $20-30K/year) goes to her 401 and childcare. I'm 35, married with 1 child (in two weeks). Income ~300k. We have a 1000sqft unit 2br/1ba and plan to stay there for at least anothe...
by Nissanzx1
Tue Dec 18, 2018 10:45 pm
Forum: Personal Consumer Issues
Topic: Buyer's Remorse on purchasing a Mercedes
Replies: 82
Views: 6811

Re: Buyer's Remorse on purchasing a Mercedes

Ouch, so sorry but glad you woke up to that fact that this won't work for the long term. Sell it immediately private party, you'll need every penny. Finance the difference on a personal loan. Or better yet, have your dad do that- because he made this mistake in the first place. Go buy a $2500 car an...
by Nissanzx1
Sun Dec 16, 2018 5:38 am
Forum: Personal Consumer Issues
Topic: Favorite Purchase of 2018?
Replies: 255
Views: 19500

Re: Favorite Purchase of 2018?

A few things actually.

January payed off wife's last student loan.

Spring: wife and I toured Hawaii. Incredible

Last month bought a used Honda 4 Wheeler just for fun!

It was a good year... wish everyone here a prosperous 2019.
by Nissanzx1
Fri Dec 14, 2018 11:24 pm
Forum: Personal Finance (Not Investing)
Topic: Forgoing health insurance
Replies: 112
Views: 5259

Re: Forgoing health insurance

If you were broke I'd possibly say it's an option. Mid 40's and retired? Go get a low stress job that pays health benefits and keep socking extra money away for your kids.

Going without health insurance in your situation is like playing Russian roulette.
by Nissanzx1
Fri Dec 14, 2018 8:59 am
Forum: Personal Finance (Not Investing)
Topic: ReFi...Yes or No
Replies: 16
Views: 1029

Re: ReFi...Yes or No

If you are getting a touch jittery after only 1 month, I'm not sure the rental game is for you. It takes as long as it takes to find the right tenant. One slip up with choosing the wrong person and you've wasted 6-8 months and untold thousands of dollars. Given that money is owed, this plan does pr...
by Nissanzx1
Fri Dec 14, 2018 8:46 am
Forum: Investing - Help with Personal Investments
Topic: [Help with my wife's retirement plan]
Replies: 20
Views: 1244

Re: [Help with my wife's retirement plan]

I'm not seeing a household income here but I'm a touch concerned with the debt (especially the CC Debt while holding $0 for emergency fund). Another thing to consider is Roth IRA's. The Roth is THE vital tool for retirement. I'd be making sure Roths are funded before driving a $450/ month car person...
by Nissanzx1
Fri Dec 14, 2018 7:51 am
Forum: Personal Consumer Issues
Topic: Potential New Home - Planes and Trains Noise
Replies: 35
Views: 2611

Re: Potential New Home - Planes and Trains Noise

I used to live within a block of a train crossing. You get used to it after a few months. We would have visitors who would say: “How do you stand that noise?” I would hear it all evening because they called it to my attention. Next day I wouldn’t notice it. I disagree. When we built our first house...
by Nissanzx1
Fri Dec 14, 2018 7:46 am
Forum: Personal Consumer Issues
Topic: portable jump starters
Replies: 58
Views: 4157

Re: portable jump starters

The key is will the portable pack hold its charges for months of freezing weather? I personally replace my car battery every four years whether it needs it or not. Cheap insurance against being stranded. As others pointed out, jump starting a car can be very dangerous and you have to really pay clos...