Search found 20 matches

by ajg189
Thu Sep 17, 2020 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: How to get over finance envy
Replies: 377
Views: 51528

Re: "What are we doing wrong and what are "THEY" doing right!?"

I would rather be your neighbor, living in hock up to my eyeballs, enjoying every day of my life in a frivolous fashion, than to be some misery Scrooge leaving millions unspent on their demise. I would rather be the miserly Scrooge with millions left at death. If I were in hock up to my eyebrows, I...
by ajg189
Thu Sep 17, 2020 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Can we afford $550K house?
Replies: 17
Views: 1968

Re: Can we afford $550K house?

You can easily afford this
by ajg189
Thu Sep 17, 2020 9:38 am
Forum: Personal Finance (Not Investing)
Topic: How to get over finance envy
Replies: 377
Views: 51528

Re: How to get over finance envy

Some great points in this thread. Often, you do have people living above their means or people who spend on things that are more visible to you. For example, one of my friends bought a new $60k car, but he and his wife never eat out anywhere fancier than Panera. If we were to reallocate our spending...
by ajg189
Thu Jun 18, 2020 8:59 pm
Forum: Personal Finance (Not Investing)
Topic: Planning for future home - overextending?
Replies: 19
Views: 1544

Re: Planning for future home - overextending?

A lot will change in 3-5 years. Keep putting money away (this never hurts) and reevaluate as it gets closer. By then, your situation may completely change, hopefully for the better. At this early stage in life, things move and change quickly because you’re still in the phase of accelerating your car...
by ajg189
Thu Jun 18, 2020 8:36 pm
Forum: Personal Finance (Not Investing)
Topic: Too Much Retirement/Not Enough for House?
Replies: 127
Views: 13519

Re: Too Much Retirement/Not Enough for House?

OP, I totally understand the struggle with finding a decent home in this area for a reasonable amount of money. You have done wel with your retirement savings and 529s, but i would not under any circumstances withdraw these for a house. If you must, then reduce contributions to make it easier month ...
by ajg189
Tue Apr 21, 2020 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on buying a weekend car [UPDATE]
Replies: 90
Views: 4566

Re: Advice on buying a weekend car

911 all day. Best car I ever had (996 4S). I also had a Boxster S before that. 911 is truly a great sports car/gt car. The lotus Elise is great in its own way, but the 911 is probably best all around, whether you’re going away for a weekend trip with the gf or to the track. Unfortunately, I learned ...
by ajg189
Tue Apr 21, 2020 10:33 am
Forum: Personal Finance (Not Investing)
Topic: Can I afford a home in this range?
Replies: 31
Views: 2864

Re: Can I afford a home in this range?

As others have said, I think a $1.3m home is a big stretch given the debt load and low retirement accounts. If I were in your position, i would pay off your wife’s debt today. The interest in that alone is over $1000/mo. Then you can rebuild your down payment fund and buy once you have enough saved....
by ajg189
Tue Apr 21, 2020 10:22 am
Forum: Personal Finance (Not Investing)
Topic: 30yo Checking In
Replies: 20
Views: 3012

Re: 30yo Checking In

Edit: it seems you had a previously different view on debt, two massive student loans, car loans, massive mortgage, *plus* a HELOC, borrowing from family. Very good that your attitude seems to have changed towards debt. Though maybe not enough since you financed a newer car with still plenty of deb...
by ajg189
Tue Apr 21, 2020 7:40 am
Forum: Personal Finance (Not Investing)
Topic: 30yo Checking In
Replies: 20
Views: 3012

Re: 30yo Checking In

Plans for this year are more of the same. Bolster retirement accounts and continue to pay off debt (target 120k debt reduction for the year). Is it the wisest thing financially to aggressively pay off low/no interest debt? Probably not, but I also hate the idea of owing money, especially to family m...
by ajg189
Sun Apr 19, 2020 11:25 am
Forum: Personal Finance (Not Investing)
Topic: 30yo Checking In
Replies: 20
Views: 3012

Re: 30yo Checking In

I have decided to post a one year update here, as a way to track our progress and continue to get advice from this knowledgeable community. Open to thoughts and feedback. We have bumped retirement savings slightly, but continue to focus on paying off the debt. In the past year, we have cleared 70k o...
by ajg189
Sun Apr 19, 2020 10:58 am
Forum: Personal Finance (Not Investing)
Topic: $1M home purchase - can we afford it?
Replies: 74
Views: 7088

Re: $1M home purchase - can we afford it?

We were in your position a couple of years ago when we bought our first home, though we didn’t have nearly as much money saved and a ton of student loans to go with it. We also live in a HCOL area and ended up with a 3br townhouse for under 600k. Now that our situation has improved (lots of debt cle...
by ajg189
Tue May 14, 2019 1:11 pm
Forum: Personal Consumer Issues
Topic: Home warranty - is it worth the money?
Replies: 37
Views: 3705

Re: Home warranty - is it worth the money?

I may be in the minority here, but I had a home warranty included with the purchase of my home. Last year, after being unable to fix our dishwasher (two service calls over an approx. 2 week period), they cut us a check for a new one including install/disposal costs. My appliances are all 10+ years o...
by ajg189
Tue Apr 23, 2019 8:18 am
Forum: Personal Consumer Issues
Topic: Can one own a Porsche 911 that is not a money pit?
Replies: 79
Views: 11766

Re: Can one own a Porsche 911 that is not a money pit?

I owned a boxster s for a year before buying my 911 Carrera 4S (it's a 2003, one-owner car with service records from day 1). At this point, if you buy a nice 996 or 997, you probably won't lose much on resale (probably not even a few k per year). That means your main cost of ownership will be in the...
by ajg189
Wed Apr 03, 2019 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Household budget, savings, retirement, and Home Equity question
Replies: 23
Views: 2605

Re: Household budget, savings, retirement, and Home Equity question

Your house payment and car payments are killing you right now. Luckily, the retirement loan will be done in a year, which will free up some room in your budget. As such, I would do the following: -Stop the $20-$30 prepayments/college funds in a few separate places. These are drops in the bucket for ...
by ajg189
Tue Apr 02, 2019 7:58 pm
Forum: Personal Finance (Not Investing)
Topic: At a crossroad - Expensive House or Private School Tuition? UPDATE
Replies: 75
Views: 6280

Re: At a crossroad - Expensive House or Private School Tuition?

The reference to yourself is understandable. What makes you think you wouldn't have turned out the same if you went public and ONLY made it because of your private upbringing? Good luck. I can’t say for certain that things wouldn’t have turned out the same or better. Even though I was a good studen...
by ajg189
Tue Apr 02, 2019 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: At a crossroad - Expensive House or Private School Tuition? UPDATE
Replies: 75
Views: 6280

Re: At a crossroad - Expensive House or Private School Tuition?

I may be in the minority here, but I do not think a good public school is comparable to a private school. This is not a decision that should be made on a purely financial basis, given that you can afford both. As a graduate of a private school, I think the quality of my education and resources avai...
by ajg189
Tue Apr 02, 2019 8:38 am
Forum: Personal Finance (Not Investing)
Topic: 30yo Checking In
Replies: 20
Views: 3012

Re: 30yo Checking In

Thanks for the advice everyone. We will bump up the retirement savings some more and I will check back in with progress. My debt is on schedule to be repaid by end of October!
by ajg189
Tue Apr 02, 2019 8:35 am
Forum: Personal Finance (Not Investing)
Topic: At a crossroad - Expensive House or Private School Tuition? UPDATE
Replies: 75
Views: 6280

Re: At a crossroad - Expensive House or Private School Tuition?

I may be in the minority here, but I do not think a good public school is comparable to a private school. This is not a decision that should be made on a purely financial basis, given that you can afford both. As a graduate of a private school, I think the quality of my education and resources avail...
by ajg189
Thu Mar 28, 2019 10:44 am
Forum: Personal Finance (Not Investing)
Topic: 30yo Checking In
Replies: 20
Views: 3012

Re: 30yo Checking In

Quick background. DW's retirement is smaller because she is from/spent the first part of her career working abroad and paying into her country's pension system rather than saving in a traditional retirement account as we do in the States. Currently, we have no HSA savings and I believe out of my 105...
by ajg189
Thu Mar 28, 2019 7:57 am
Forum: Personal Finance (Not Investing)
Topic: 30yo Checking In
Replies: 20
Views: 3012

30yo Checking In

Hi Everyone, As I recently turned 30 and started a new job, I wanted to check in and see how my wife and me are doing. We have some large student loan debt from our grad degrees, but are trying to tackle them quickly. I look forward to hearing your thoughts. 30yo married couple in a HCOL area (no ch...