Search found 17 matches

by mimn15
Thu Feb 06, 2020 10:47 am
Forum: Personal Finance (Not Investing)
Topic: 22 year old - Should I focus more on saving for a house or retirement?
Replies: 41
Views: 3135

Re: 22 year old - Should I focus more on saving for a house or retirement?

The image below from Vanguard is very informative. Compounding with a long timeline has an outsize effect over retirement contributions closer to retirement. You can choose a hybrid approach of prioritizing retirement and down payment savings (75/25, 50/50 or 25/75). https://investor.vanguard.com/ts...
by mimn15
Mon Jan 06, 2020 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1458
Views: 381909

Re: Share your net worth progression

This is an amazing thread. It convinced me to create a spreadsheet for myself. Here are the totals: Year | Age | Net Worth ---------------------- 2013 | 18 | $72.81 2014 | 19 | $3,877.62 2015 | 20 | $17,197.16 2016 | 21 | $38,825.93 2017 | 22 | $76,546.57 2018 | 23 | $143,118.42 2019 | 24 | $161,57...
by mimn15
Fri Dec 13, 2019 7:34 pm
Forum: Personal Consumer Issues
Topic: [What UN-frugal thing do you do? What do you splurge on?]
Replies: 588
Views: 51540

Re: [What UN-frugal thing do you do? What do you splurge on?]

A couple weeks ago, I signed for the Farnam Street's ReThink workshop at the end of February, which is $2,500 for two-and-a-half days. Amtrak, hotel and food are additional expenses. Victoria Do you mind sharing your experience of the ReThink Workshop? Fan of Farnam Street blog and podcast, so curi...
by mimn15
Thu Nov 14, 2019 10:12 am
Forum: Personal Consumer Issues
Topic: [What UN-frugal thing do you do? What do you splurge on?]
Replies: 588
Views: 51540

Re: [What UN-frugal thing do you do? What do you splurge on?]

A couple weeks ago, I signed for the Farnam Street's ReThink workshop at the end of February, which is $2,500 for two-and-a-half days. Amtrak, hotel and food are additional expenses. Victoria Do you mind sharing your experience of the ReThink Workshop? Fan of Farnam Street blog and podcast, so curi...
by mimn15
Tue Aug 20, 2019 2:04 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1330
Views: 183425

Re: Post your Financial Milestone Announcements Here

Cracked the $250K+ net worth and $100K+ in our retirement accounts recently. :sharebeer "Munger has said that accumulating the first $100,000 from a standing start, with no seed money, is the most difficult part of building wealth. Making the first million was the next big hurdle. To do that a perso...
by mimn15
Wed Jun 05, 2019 11:04 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 4329
Views: 1244868

Re: What Book Are You Currently Reading? Part VI

Previous book I read is Home Game: An Accidental Guide to Fatherhood: Michael Lewis . He is the author of Moneyball, The Big Short, etc. . This book was a fun read. Currently reading a technical book called storytelling with data. So far so good, got some good insights on how to communicate metrics ...
by mimn15
Thu Feb 28, 2019 8:17 am
Forum: Personal Finance (Not Investing)
Topic: Client From Hell Is Driving Me Insane!
Replies: 60
Views: 8439

Re: Client From Hell Is Driving Me Insane!

Adding another resource (a podcast) which I found helpful negotiating for personal/professional life. I also read the book Never Split the Difference and would recommend it. https://fs.blog/2018/01/chris-voss/ Whether you’re buying a car, requesting a raise at work, or just deciding where to eat out...
by mimn15
Wed Sep 26, 2018 1:37 pm
Forum: Personal Consumer Issues
Topic: First time home buyer and Rookie investor looking for advice on home buying process [Updated]
Replies: 20
Views: 1351

Re: First time home buyer and Rookie investor looking for advice on home buying process [Updated]

Thank you, Watty.

The number of things to keep track of is really big. Like you said, will be a steep learning curve for us from going from 900 sq ft apartment to 3BR 1780 sq ft. Hoping to set automatic calendar reminders and checklists for different maintenance tasks.
by mimn15
Wed Sep 26, 2018 10:28 am
Forum: Personal Consumer Issues
Topic: First time home buyer and Rookie investor looking for advice on home buying process [Updated]
Replies: 20
Views: 1351

Re: First time home buyer and Rookie investor looking for advice on home buying process [Updated]

@djpeteski, thank you for your thoughts. The school district is great and we have been renting near the neighborhood and love living around here. We went for it. We hope to add to our family soon. Fingers crossed.
by mimn15
Wed Sep 26, 2018 10:21 am
Forum: Personal Consumer Issues
Topic: First time home buyer and Rookie investor looking for advice on home buying process [Updated]
Replies: 20
Views: 1351

Re: First time home buyer and Rookie investor looking for advice on home buying process

@ Watty, it was initial sticker shock of having to put out close to $6,000 in extra cash. We have never experienced (home buying) this before so our initial reactions were way off the mark. All of the opinions here, from our Realtor and from our family friends helped us reassess the situation better...
by mimn15
Wed Sep 26, 2018 9:40 am
Forum: Personal Consumer Issues
Topic: First time home buyer and Rookie investor looking for advice on home buying process [Updated]
Replies: 20
Views: 1351

Re: First time home buyer and Rookie investor looking for advice on home buying process

Thank you for your thoughts. @barnaclebob, the refrigerator is already present and the seller had excluded it from sale. Currently 50% cost of a Radon mitigation system is funded via closing credits by the seller. Thank you for pointing out. @GT99, thank you for your viewpoint. It gives a different ...
by mimn15
Wed Sep 26, 2018 7:47 am
Forum: Personal Consumer Issues
Topic: First time home buyer and Rookie investor looking for advice on home buying process [Updated]
Replies: 20
Views: 1351

Re: First time home buyer and Rookie investor looking for advice on home buying process

OP here, thank you everyone for your thoughts. The seller is not budging on the purchase price. Me and my DW decided to match the purchase price. Our seller is asking for refrigerator and/or radon mitigation system installed before we close as one final negotiation tactic. As some of you have pointe...
by mimn15
Tue Sep 25, 2018 7:09 am
Forum: Personal Consumer Issues
Topic: First time home buyer and Rookie investor looking for advice on home buying process [Updated]
Replies: 20
Views: 1351

First time home buyer and Rookie investor looking for advice on home buying process [Updated]

Hello everyone, Found out Bogleheads via Four Pillars of Investing book and podcasts. Thank you for sharing valuable information on these forums. Very helpful for us. Problem: We are in the process of buying our first home. The home we are interested in is around 40 years old 3BR 2.5 bath 1780 sqft ...