Search found 22 matches

by jabroni
Mon Jan 06, 2020 8:36 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1412
Views: 365711

Re: Share your net worth progression

I've been hesitant to post in here for a while, since it feels like most people in here are much later in their journey than us. It took until I was 30 to remove my head from my sphincter and start investing. 2015: $11k 2016: $22.6k 2017: $49.3k 2018: $60.9k 2019: $137.3k For clarity, the $137.3k is...
by jabroni
Thu Oct 17, 2019 7:04 am
Forum: Personal Finance (Not Investing)
Topic: What percent of net worth should a persons house be?
Replies: 141
Views: 10884

Re: What percent of net worth should a persons house be?

Using that as a metric would lead to the assumption that a person should get a new house every year as their net worth increases.

Traditional personal finance advice is to ensure that your mortgage payment is ~25% of your monthly take home pay. If you can go cheaper without feeling deprived, great!
by jabroni
Wed Oct 16, 2019 7:59 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4359
Views: 838789

Re: What's Your Credit Card Rewards Strategy?

We've earned the signup bonus on 3 cards so far this year and are now working on the Southwest Companion Pass for early next year, which will essentially double the value of Rapid Rewards points for a couple years. Earned: Chase Ultimate Rewards: 147,231 ($1,472 cash value, $2,208 travel value) Sout...
by jabroni
Tue Oct 01, 2019 9:06 am
Forum: Personal Finance (Not Investing)
Topic: Roth IRA instead of 529 plan
Replies: 54
Views: 2888

Re: Roth IRA instead of 529 plan

I'm firmly in the "put on your own oxygen mask first" camp. Take advantage of every tax-favored investment vehicle you can for your own nest egg. Are you married? If so, does your spouse also work? If so, does he/she have access to a 401(k)? If so, that makes your retirement contribution limit $50k ...
by jabroni
Mon Sep 30, 2019 11:59 am
Forum: Personal Consumer Issues
Topic: Ponder this, BH's... is Ben & Jerry's worth it?
Replies: 142
Views: 11740

Re: Ponder this, BH's... is Ben & Jerry's worth it?

We make our own. I'll take that over B&J any day. I've even pondered the idea of making that my retirement job. Maybe just do local events or something.
by jabroni
Thu Sep 26, 2019 2:31 pm
Forum: Investing - Theory, News & General
Topic: Article - "How Great Is Dollar Cost Averaging? You (Still) Don't Know The Half Of It!"
Replies: 35
Views: 4565

Re: Article - "How Great Is Dollar Cost Averaging? You (Still) Don't Know The Half Of It!"

The author states at the end that if one has the money at hand to invest and instead chooses to dollar cost average it as opposed to lump sum investment, then one can be accused of market timing. I am not sure I agree with that. Couldn't you turn the statement around and say that if you do a lump s...
by jabroni
Tue Sep 24, 2019 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Suburbs or more expensive home closer to city center to maximize job opportunities (Nashville/Charlotte)
Replies: 13
Views: 1696

Re: Suburbs or more expensive home closer to city center to maximize job opportunities (Nashville/Charlotte)

Nashville's full, sorry. Please try again later. In all honesty, the summers here aren't any better than Phoenix. The temperature is lower, but the humidity makes up for it. I live in Lebanon, about 25 miles from where I work. Outside of rush hour, it's a ~40 minute commute. During normal rush hour,...
by jabroni
Thu Sep 19, 2019 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: Median employee compensation challenge
Replies: 13
Views: 1863

Re: Median employee compensation challenge

Per bestplaces.net cost of living index, Weston, FL, is a 154.7, and San Francisco is a 304.7.

Weston median home price = $452k
SF median home price = $1,398k

With that taken into account, the salary difference is pretty much nonexistent. Or those who work in Florida are coming out ahead.
by jabroni
Thu Aug 29, 2019 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for after getting high income
Replies: 46
Views: 6396

Re: Advice for after getting high income

Family and friends It's obvious that I'm doing fine on money but I'm not letting on to what extent. I'm a bit conflicted on this as there are money problems that I could easily fix without it making much financial difference to me. However, these money problems are self-inflicted and my concern is ...
by jabroni
Wed Aug 14, 2019 7:17 am
Forum: Personal Consumer Issues
Topic: which stud finder?
Replies: 52
Views: 3405

Re: which stud finder?

My wife is a pretty good one.
by jabroni
Mon Aug 12, 2019 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: I really do not like using credit cards. Do any of you have a good credit score with no credit cards?
Replies: 247
Views: 7401

Re: Does anyone here have no credit cards? How is that working out for you? Do you have any trouble without them?

We went 3-4 years without using credit cards and had no problems with anything. When we got our first mortgage, my wife had no credit score, so we had to go through manual underwriting. It required sending in additional paperwork to prove that we were trustworthy, but our rate was fine. We started u...
by jabroni
Wed Aug 07, 2019 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: How to assess work culture and job security when applying for new jobs?
Replies: 7
Views: 969

Re: How to assess work culture and job security when applying for new jobs?

Probably the best thing to do is to connect with people who work there. Managers will lie about a job, but staff are less likely to. You can also check Glassdoor to see what others say about that company in your city. I've chosen not to pursue some positions based on what I've found posted by curren...
by jabroni
Tue Aug 06, 2019 8:40 am
Forum: Personal Finance (Not Investing)
Topic: A note on spending for kids
Replies: 148
Views: 11945

Re: A note on spending for kids

But I found this finding most illuminating, since it's really the top performers I am concerned about, not the averages of the mediocre ones: https://nces.ed.gov/surveys/pisa/pisa2015/pisa2015highlights_1.asp Percentages of top performing 15-year-old students (those scoring at level 5 or above) in ...
by jabroni
Thu Aug 01, 2019 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: A note on spending for kids
Replies: 148
Views: 11945

Re: A note on spending for kids

My father spent quite a bit on me playing baseball when I was a kid. I don't think he had any belief that I would be a professional athlete, as I was more talented mentally than physically. However, he loved baseball, and I enjoyed playing it. It makes sense to spend money on things that bring you j...
by jabroni
Thu Jul 25, 2019 10:21 am
Forum: Personal Finance (Not Investing)
Topic: How do you deal with looking bad compared to others?
Replies: 77
Views: 5570

Re: How do you deal with looking bad compared to others?

I wouldn't spend time with family that talk about me like that. Life is too short to spend it with people that try to bring you down.
by jabroni
Tue Jul 16, 2019 7:02 am
Forum: Personal Finance (Not Investing)
Topic: Children's Savings Account & FAFSA
Replies: 29
Views: 1684

Re: Children's Savings Account & FAFSA

Can someone explain to me why FAFSA is such a big deal? We would you want to have less money saved for college in order to take out more debt? Is the goal to get as much debt as possible at a low interest rate? The lower your EFC, the higher your federal Pell Grant. Additionally, some schools and s...
by jabroni
Mon Jul 15, 2019 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: Children's Savings Account & FAFSA
Replies: 29
Views: 1684

Re: Children's Savings Account & FAFSA

Can someone explain to me why FAFSA is such a big deal? We would you want to have less money saved for college in order to take out more debt? Is the goal to get as much debt as possible at a low interest rate? The lower your EFC, the higher your federal Pell Grant. Additionally, some schools and s...
by jabroni
Mon Jul 15, 2019 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: Children's Savings Account & FAFSA
Replies: 29
Views: 1684

Re: Children's Savings Account & FAFSA

It is inaccurate to say your income affects EFC. It is AGI that impacts it. In other words, if you can invest a lot into pre-tax accounts for the years your child applies on FAFSA, you can significantly lower the EFC. I just toyed around with a calculator, and it looked like our EFC dropped by ~$1 ...
by jabroni
Mon Jul 15, 2019 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Children's Savings Account & FAFSA
Replies: 29
Views: 1684

Re: Children's Savings Account & FAFSA

It is inaccurate to say your income affects EFC. It is AGI that impacts it. In other words, if you can invest a lot into pre-tax accounts for the years your child applies on FAFSA, you can significantly lower the EFC. I just toyed around with a calculator, and it looked like our EFC dropped by ~$1 f...
by jabroni
Mon Jul 15, 2019 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: House not appraising for amount we were offered!
Replies: 137
Views: 15230

Re: House not appraising for amount we were offered!

We had a similar issue when selling our last house. We listed it on Easter Sunday and had several offers that day, which is a testament to how much of a sellers market it was. The list price was $225k, and the offer was for $230k. The appraisal came in at $220k. When we got the appraisal report, we ...
by jabroni
Thu Jul 11, 2019 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: HSA contribution limit with mid-year plan change
Replies: 6
Views: 639

Re: HSA contribution limit with mid-year plan change

If my understanding is correct, I should be putting $3500/6 = $1,167 per month in my HSA based on the #2 method. It seems weird because between my wife and I, we will have made >$7,000 contributions to HSAs for 2019 though ($5,250+$3,500 = $8,750). As a household, you can't contribute more than $7k...
by jabroni
Thu Jul 11, 2019 10:38 am
Forum: Personal Finance (Not Investing)
Topic: How Much Home Can I Afford?
Replies: 18
Views: 1703

Re: How Much Home Can I Afford?

I've always gone by the adage that housing should cost <=25% of after-tax income. Assuming that maxing your 401k means $1,583/month, then that would put after-tax take home at ~$7,600. giving a little leeway, I probably wouldn't spend more than $2k (maybe up to 2,300) monthly on housing. Obviously, ...