Search found 367 matches

by Starfish
Thu Nov 15, 2018 11:59 pm
Forum: Personal Finance (Not Investing)
Topic: Wait, do I need a prenup?
Replies: 63
Views: 6328

Re: Wait, do I need a prenup?

I don't think you need a prenup. If you, or your future spouse, want one, then I guess go ahead. To me it seems like planning for your marriage to end. In which case, why get married? Do you understand the concept of life insurance? Do you think that insurance makes you suicidal? The sad fact is th...
by Starfish
Thu Nov 15, 2018 11:56 pm
Forum: Personal Finance (Not Investing)
Topic: Wait, do I need a prenup?
Replies: 63
Views: 6328

Re: Wait, do I need a prenup?

There are a so many ... non-financial (to be polite) answers for a forum that pretends to be financial.
by Starfish
Thu Nov 15, 2018 5:46 pm
Forum: Investing - Theory, News & General
Topic: "Yes, You Can Time the Market!"
Replies: 51
Views: 12000

Re: "Yes, You Can Time the Market!"

Even re-balancing is timing the market. Dollar cost averaging is timing the market. Changing allocation with age is timing the market. It's just done automatically but is similar.
by Starfish
Thu Nov 15, 2018 5:42 pm
Forum: Personal Consumer Issues
Topic: Lexus NX vs RX
Replies: 10
Views: 943

Re: Lexus NX vs RX

If you want a slow car with small wheels you are basically looking for a cheap car.
by Starfish
Thu Nov 15, 2018 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: [Financial] Habits of the Rich
Replies: 144
Views: 17640

Re: [Financial] Habits of the Rich

"Money may not buy happiness, but I've never seen anyone look sad while riding a jetski!" It depends what you sacrificed for that. Because most of us have this issue: have to exchange time for money. For example is it really worth saving (small amounts of) money when you are 25 instead of maximizin...
by Starfish
Thu Nov 15, 2018 2:56 am
Forum: Investing - Theory, News & General
Topic: Does Early Retirement Make You Live Longer?
Replies: 70
Views: 4179

Re: Does Early Retirement Make You Live Longer?

If you are FI because you are lucky it does not count. People who sacrifice things for FIRE are the one with a drive. but I doubt very many sedentary people switch to an active lifestyle when they retire. I wasn't so extreme. The guy who goes once a week or once a month at the climbing gym might go ...
by Starfish
Thu Nov 15, 2018 2:11 am
Forum: Investing - Theory, News & General
Topic: Does Early Retirement Make You Live Longer?
Replies: 70
Views: 4179

Re: Does Early Retirement Make You Live Longer?

The simple fact that you have a lot of time to walk around, go to the gym, ski, hike, surf, spend with friends etc and without stress makes it healthier to retire early. But you have to do those things. This is why it is said that you have to retire TO something, not from something. Early retiremen...
by Starfish
Thu Nov 15, 2018 2:02 am
Forum: Investing - Theory, News & General
Topic: Does Early Retirement Make You Live Longer?
Replies: 70
Views: 4179

Re: Does Early Retirement Make You Live Longer?

There are 2 kinds of retirement (early or not): 1. no money or no desire, TV, no activities, die early. 2. active, physically, intellectually, socially, healthy, long happy life. I would think that people who identify more with their jobs tend to be more type 1 in retirement while early retirees ar...
by Starfish
Thu Nov 15, 2018 12:49 am
Forum: Investing - Theory, News & General
Topic: Does Early Retirement Make You Live Longer?
Replies: 70
Views: 4179

Re: Does Early Retirement Make You Live Longer?

There are 2 kinds of retirement (early or not): 1. no money or no desire, TV, no activities, die early. 2. active, physically, intellectually, socially, healthy, long happy life. I would think that people who identify more with their jobs tend to be more type 1 in retirement while early retirees are...
by Starfish
Thu Nov 15, 2018 12:32 am
Forum: Personal Finance (Not Investing)
Topic: SoFi Money
Replies: 9
Views: 1110

Re: SoFi Money

Isn't Capital one 360 1.85%?
by Starfish
Thu Nov 15, 2018 12:25 am
Forum: Personal Consumer Issues
Topic: International Travel during Maternity/Paternity
Replies: 86
Views: 3496

Re: International Travel during Maternity/Paternity

No, I would not travel with a 4-6 month old. Where do I begin?? Traveling is expensive and I would not spend a significant amount of money when most of my time traveling would be spent tending to a baby. You do not understand how much your life will be dictated by this baby. Even if you have an eas...
by Starfish
Wed Nov 14, 2018 5:04 pm
Forum: Personal Consumer Issues
Topic: Dentists/Dental Professionals: Front Crowns?
Replies: 19
Views: 1301

Re: Dentists/Dental Professionals: Front Crowns?

Why would you go to a corporate office instead of a local dentist? Dentistry as a business has the issue that the doctor does not have your best interest at heart, but tries to maximize the money s/he makes off you. In corporate offices this problem is compounded due to the way the incentives are st...
by Starfish
Wed Nov 14, 2018 4:57 pm
Forum: Personal Consumer Issues
Topic: Quality pea coat vs parka
Replies: 10
Views: 1044

Re: Quality pea coat vs parka

NYC is has very mild climate. Why you you need anything from goose coming from Canada?
by Starfish
Wed Nov 14, 2018 4:44 pm
Forum: Personal Consumer Issues
Topic: International Travel during Maternity/Paternity
Replies: 86
Views: 3496

Re: International Travel during Maternity/Paternity

No, I would not travel with a 4-6 month old. Where do I begin?? Traveling is expensive and I would not spend a significant amount of money when most of my time traveling would be spent tending to a baby. You do not understand how much your life will be dictated by this baby. Even if you have an eas...
by Starfish
Wed Nov 14, 2018 4:29 pm
Forum: Personal Consumer Issues
Topic: International Travel during Maternity/Paternity
Replies: 86
Views: 3496

Re: International Travel during Maternity/Paternity

This thread is priceless. To make up even (gasp) moral motives why travel with babies is wrong is pretty entertaining to read :D. The idea is great. I would rather go in Europe because I would be worried about medical facilities in 2nd/3rld world countries. Many people do it. As for an active vacati...
by Starfish
Wed Nov 14, 2018 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: [Financial] Habits of the Rich
Replies: 144
Views: 17640

Re: [Financial] Habits of the Rich

Many people on this forum are very successful financially. Many of you are probably very disciplined. What are your habits that elevate your success? Do you read, take classes, have a mentor? Do you have a daily routine or habit that sets you apart? I would love to hear what habits you use to devel...
by Starfish
Wed Nov 14, 2018 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: [Financial] Habits of the Rich
Replies: 144
Views: 17640

Re: [Financial] Habits of the Rich

"Money may not buy happiness, but I've never seen anyone look sad while riding a jetski!" It depends what you sacrificed for that. Because most of us have this issue: have to exchange time for money. For example is it really worth saving (small amounts of) money when you are 25 instead of maximizin...
by Starfish
Wed Nov 14, 2018 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: [Financial] Habits of the Rich
Replies: 144
Views: 17640

Re: [Financial] Habits of the Rich

I am not sure is better to be depressed and rich. But the discussion is pointless. The purpose of life should be maximizing happiness not maximizing money. If you end up unhappy, money are irrelevant. Even if you end up with a less happy total life than you could have been, it might be a loss. Of co...
by Starfish
Wed Nov 14, 2018 3:36 am
Forum: Personal Finance (Not Investing)
Topic: [Financial] Habits of the Rich
Replies: 144
Views: 17640

Re: [Financial] Habits of the Rich

Some of the ideas here give me the impression that I landed on the "how to have a miserable life" "how to change extraordinary years of youth for a handful of dollars" and similar topics. Balance is everything. Don't sacrifice your youth to "gain" couple of years when you are old. See the world. Hav...
by Starfish
Sun Nov 11, 2018 12:16 am
Forum: Personal Consumer Issues
Topic: retirement travel: RVs vs fly/drive/hotel
Replies: 98
Views: 9176

Re: retirement travel: RVs vs fly/drive/hotel

You can use google and come across a couple hundred articles and threads about people facing this problem with hotels and AirBNB. it is at the level where you don't expect it to happen but hearing about it isn't exactly shocking. I do not disagree with you, but my feeling is that bedbugs are not fr...
by Starfish
Sat Nov 10, 2018 2:43 am
Forum: Personal Consumer Issues
Topic: retirement travel: RVs vs fly/drive/hotel
Replies: 98
Views: 9176

Re: retirement travel: RVs vs fly/drive/hotel

If you want to keep it really simple and less expensive: How about an SUV, remove a row of seats (or both rows). Add a nice futon, or air mattress if you want less bulk. Put up some curtains to block windows. Have a small tent if you want to use that at times. Perhaps tow a small trailer if you wan...
by Starfish
Sat Nov 10, 2018 1:55 am
Forum: Personal Finance (Not Investing)
Topic: Doing taxes by hand
Replies: 83
Views: 4796

Re: Doing taxes by hand

I am attracted to the idea of doing my taxes by hand with no software. Just the forms, a pencil, and calculator. Especially since TurboTax is like $70 now. For 2018 I will have no itemized deductions but I will have ESPP and RSU sales, and of course contributions to retirement accounts. Is it a bad...
by Starfish
Sat Nov 10, 2018 1:05 am
Forum: Personal Finance (Not Investing)
Topic: How much money are you leaving your kids after you die?
Replies: 234
Views: 14543

Re: How much money are you leaving your kids after you die?

This is a very specific questions about, "Hey how much are you worth" with in other interest about investing. I don't think it takes a rocket scientist to figure it out why. It is about them gauging how much the parents are worth and that is it. Next thing in the same line of thought is the idea th...
by Starfish
Sat Nov 10, 2018 12:48 am
Forum: Personal Finance (Not Investing)
Topic: How much money are you leaving your kids after you die?
Replies: 234
Views: 14543

Re: How much money are you leaving your kids after you die?

This is a very specific questions about, "Hey how much are you worth" with in other interest about investing. I don't think it takes a rocket scientist to figure it out why. It is about them gauging how much the parents are worth and that is it. Next thing in the same line of thought is the idea th...
by Starfish
Fri Nov 09, 2018 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: How much money are you leaving your kids after you die?
Replies: 234
Views: 14543

Re: How much money are you leaving your kids after you die?

Our daughter doesn't know our net worth. She asks, but I tell her that my father didn't share that with me until I was well into my 40s/50s, and I'm inclined to do the same with her. Unsure about this ... Not to single out this poster, but does anyone else feel this rubs them the same way as it doe...
by Starfish
Fri Nov 09, 2018 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: How much money are you leaving your kids after you die?
Replies: 234
Views: 14543

Re: How much money are you leaving your kids after you die?

Our daughter doesn't know our net worth. She asks, but I tell her that my father didn't share that with me until I was well into my 40s/50s, and I'm inclined to do the same with her. Unsure about this ... Not to single out this poster, but does anyone else feel this rubs them the same way as it doe...
by Starfish
Fri Nov 09, 2018 12:39 am
Forum: Personal Finance (Not Investing)
Topic: How much money are you leaving your kids after you die?
Replies: 234
Views: 14543

Re: How much money are you leaving your kids after you die?

Our daughter doesn't know our net worth. She asks, but I tell her that my father didn't share that with me until I was well into my 40s/50s, and I'm inclined to do the same with her. Unsure about this ... Not to single out this poster, but does anyone else feel this rubs them the same way as it doe...
by Starfish
Thu Nov 08, 2018 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: How much money are you leaving your kids after you die?
Replies: 234
Views: 14543

Re: How much money are you leaving your kids after you die?

Based on theory, I plan to have WR so the money last in perpetuity.
Of course, who knows.
So the plan is couple of millions, but the reality is that he might have to support us.

Zero to charities, it has never crossed my mind, and from churches I would take money if I could.
by Starfish
Thu Nov 08, 2018 1:34 am
Forum: Personal Finance (Not Investing)
Topic: Never thought of living in Bay Area but just got a call from Tesla
Replies: 72
Views: 7426

Re: Never thought of living in Bay Area but just got a call from Tesla

I'm just a random person on the internet, but I would not recommend to a close friend/family member to go work for Tesla. I find the entire business model of Telsa extremely shaky. If there is a recession anytime soon, Telsa will likely have trouble selling vehicles, driving cash flow declines. Thi...
by Starfish
Wed Nov 07, 2018 1:22 pm
Forum: Personal Consumer Issues
Topic: Car rentals, what is the catch?
Replies: 46
Views: 5349

Re: Car rentals, what is the catch?

Maybe the worst experience with a rental companies was with Hertz (very long lines, aggressive sales). And I did use among others Fox, Thrifty, some local company in costa rica etc.
So I wouldn't be so sure about a clear cutoff between "national" companies and the smaller ones.
by Starfish
Wed Nov 07, 2018 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?
Replies: 180
Views: 10997

Re: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?

You are trying to fight the obvious here: high cost areas exists there are a lot jobs making a lot of money. For example all of the people I know with 10-20 years of work (in engineering, software, medical field) in bay area have a 1 to 5 million NW. Now, should you become a waiter in Bay Area? No, ...
by Starfish
Wed Nov 07, 2018 2:33 am
Forum: Personal Finance (Not Investing)
Topic: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?
Replies: 180
Views: 10997

Re: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?

When talking about "flyover country" one thing to keep in mind is that even a smallish farm is a million dollar business so it is a lot more complex than thinking of it as some sort of economic wilderness. You mean like a smallish dental office? Do those farms employ financial annalists or speech r...
by Starfish
Wed Nov 07, 2018 2:16 am
Forum: Personal Finance (Not Investing)
Topic: Never thought of living in Bay Area but just got a call from Tesla
Replies: 72
Views: 7426

Re: Never thought of living in Bay Area but just got a call from Tesla

I'm just a random person on the internet, but I would not recommend to a close friend/family member to go work for Tesla. I find the entire business model of Telsa extremely shaky. If there is a recession anytime soon, Telsa will likely have trouble selling vehicles, driving cash flow declines. Thi...
by Starfish
Mon Nov 05, 2018 2:47 am
Forum: Personal Consumer Issues
Topic: Engineering school
Replies: 66
Views: 4837

Re: Engineering school

I don't deny that some of these schools are ok but my company (Bay Area, chip design) would throw in the trash resumes coming from most of them. Name IS important. That's unfortunate. Engineering was the one of the last places where your skills and abilities mattered more than the name of the schoo...
by Starfish
Sun Nov 04, 2018 12:01 am
Forum: Personal Finance (Not Investing)
Topic: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?
Replies: 180
Views: 10997

Re: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?

T Oh comm'on, you are trying to deny simple market principles here. If our town is so great, how come is LCOL? Every nice place with opportunities is discovered and flooded by people, becoming quickly HCOL. There's more room in the Midwest. Part of the reason San Fran is so expensive is that housing...
by Starfish
Sat Nov 03, 2018 11:31 pm
Forum: Personal Finance (Not Investing)
Topic: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?
Replies: 180
Views: 10997

Re: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?

Thats more of a rural area thing though right. Most LCOL cities have all of this stuff. Rural areas are a whole different thing. The rural areas 2 hours drive from NYC would likely have the same problem. Correct. St. Louis has one of the best hospitals in the world (Barnes-Jewish at Washington Univ...
by Starfish
Sat Nov 03, 2018 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?
Replies: 180
Views: 10997

Re: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?

I did the same, but I disagree. It does cost money. For example if you want to travel you need at least t fly and to take time off work. Both cost money. Time off work yes, but you don't need to fly. Road trips in the United States and Canada are really fun. Road trips cost 50c per mile plus lodgin...
by Starfish
Sat Nov 03, 2018 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?
Replies: 180
Views: 10997

Re: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?

I did the same, but I disagree. It does cost money.
For example if you want to travel you need at least t fly and to take time off work. Both cost money.
by Starfish
Sat Nov 03, 2018 2:11 pm
Forum: Investing - Help with Personal Investments
Topic: retiring abroad with savings worth 200k...
Replies: 48
Views: 7172

Re: retiring abroad with savings worth 200k...

So, I live in Thailand, and I spend similarly to when I lived in San Francisco. Now, it is possible to live in TH or Mexico on a small amount, if you want a very simple lifestyle. However, if you think you will live on 20k/year, you it will mean you have to make sacrifices. Going home over the holi...
by Starfish
Sat Nov 03, 2018 12:39 pm
Forum: Investing - Help with Personal Investments
Topic: retiring abroad with savings worth 200k...
Replies: 48
Views: 7172

Re: retiring abroad with savings worth 200k...

There are countries where 1000$ is nowhere close to poverty but provide frugal but decent living for a family of 2 and pretty good living for one person. You would live in a nice city with very low dangerous crime and go to the opera, theater and philharmonic and spend your evenings drinking beer w...
by Starfish
Sat Nov 03, 2018 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?
Replies: 180
Views: 10997

Re: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?

Having lived in a LCOL area for 20 years and now in a HCOL area, I must say that the critical difference between the two isn't really the lack of stadiums, museums, restaurants, and other entertainment venues etc in the former. These amenities aren't really all that important. The amenities that ma...
by Starfish
Sat Nov 03, 2018 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?
Replies: 180
Views: 10997

Re: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?

Oh, I thought we were comparing apples to apples. There's no such thing as apples to apples. There is nowhere in Kansas with the nightlife, concerts, professional sports teams, restaurants, art, and museums to be found in the NYC area. Indulging in a lot of those city extras is incompatible with sa...
by Starfish
Sat Nov 03, 2018 12:17 pm
Forum: Personal Consumer Issues
Topic: Engineering school
Replies: 66
Views: 4837

Re: Engineering school

I don't deny that some of these schools are ok but my company (Bay Area, chip design) would throw in the trash resumes coming from most of them. Name IS important. That's unfortunate. Engineering was the one of the last places where your skills and abilities mattered more than the name of the schoo...
by Starfish
Fri Nov 02, 2018 7:23 pm
Forum: Personal Consumer Issues
Topic: Good Non-Boring Boglehead Cars Under $30k
Replies: 247
Views: 16830

Re: Good Non-Boring Boglehead Cars Under $30k

As a reference point I paid 22.5k for my GTI, base level couple of years ago (add 1k for DSG, 1k for other options you might want).
So a lot under 30k, if don't consider taxes and fees.
I applied "email method", for a week during meetings at works I negotiated dealers against each other.
by Starfish
Fri Nov 02, 2018 7:00 pm
Forum: Personal Finance (Not Investing)
Topic: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?
Replies: 180
Views: 10997

Re: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?

If he or she gets an apartment in Manhattan for $4k/month, rent is only 36% of net income. Oh, I thought we were comparing apples to apples. There's no such thing as apples to apples. There is nowhere in Kansas with the nightlife, concerts, professional sports teams, restaurants, art, and museums t...
by Starfish
Fri Nov 02, 2018 6:51 pm
Forum: Personal Consumer Issues
Topic: Engineering school
Replies: 66
Views: 4837

Re: Engineering school

I don't deny that some of these schools are ok but my company (Bay Area, chip design) would throw in the trash resumes coming from most of them. Name IS important.
by Starfish
Fri Nov 02, 2018 1:09 pm
Forum: Investing - Help with Personal Investments
Topic: Fully maxed out
Replies: 70
Views: 8074

Re: Fully maxed out

I would happily fully max out everything (except 529, I have no interest in that) but I do not have that opportunity. I have only 1 X 401k (which I max out from the second year of work), I do one 1 X backdoor Roth and from next year I have an HSA. I have also FSA, fully funded for child care and var...
by Starfish
Fri Nov 02, 2018 12:56 pm
Forum: Personal Consumer Issues
Topic: Europe Trip
Replies: 38
Views: 2302

Re: Europe Trip

we did Paris and Italy in the Aprilish time frame and the weather was perfect, cool but that's perfect for all the walking you'll do. Crowds were generally small, however there is a week in April that all museums in Italy are open free to students, so you may want to avoid that. But the kids were m...
by Starfish
Fri Nov 02, 2018 1:25 am
Forum: Investing - Theory, News & General
Topic: An extreme example of inflation and a mortgage
Replies: 37
Views: 3184

Re: An extreme example of inflation and a mortgage

In the 90s I lived in a country with very high rate of inflation. It was high enough that buying a used car was considered a great investment because it did not lose so much value. Everybody who had a fixed interest mortgage (a lot of people) was practically gifted the house. What was a house paymen...
by Starfish
Fri Nov 02, 2018 1:10 am
Forum: Personal Finance (Not Investing)
Topic: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?
Replies: 180
Views: 10997

Re: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?

Many times it makes more sense to rent. Some HCOL areas even have rent control, which makes renting very lucrative.
But if you can't gather 200k probably HCOL is not offering the type of opportunities for your type of job.