Search found 4181 matches

by stoptothink
Mon Aug 13, 2018 8:32 pm
Forum: Personal Finance (Not Investing)
Topic: Almost 30 - Check In
Replies: 5
Views: 554

Re: Almost 30 - Check In

That is one heck of an engagement ring considering the current financial situation. I'm sure that is what many of the responses will focus on.
by stoptothink
Mon Aug 13, 2018 8:14 pm
Forum: Personal Consumer Issues
Topic: What is the best way to determine if one should buy something or save their money?
Replies: 28
Views: 1275

Re: What is the best way to determine if one should buy something or save their money?

Before responding, everybody should do a search of OP's prior threads for some context. Entertaining is all I'll say.
by stoptothink
Mon Aug 13, 2018 7:50 pm
Forum: Personal Consumer Issues
Topic: Should I Do This? [borrow from relative to pay off loan]
Replies: 51
Views: 2393

Re: Should I Do This? [borrow from relative to pay off loan]

Wonder if any folks have a "war story" on this topic - from either direction? I'm sure I'm not alone in having several, one involving each of my brothers (separately) and three childhood friends (again, separately). All happened over the course of about 3yrs when I was in my mid 20's, single, and d...
by stoptothink
Mon Aug 13, 2018 7:20 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3650
Views: 1037165

Re: What Movie Have You Recently Watched?

Mission Impossible- Fallout . The last Mission Impossible was the best in the series, and this one can't top it. Still, it's very entertaining. https://www.newyorker.com/magazine/2018/08/06/mission-impossible-fallout-maintains-the-good-spirits-of-its-predecessor Saw this with my family this weekend...
by stoptothink
Sat Aug 11, 2018 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Can we afford to stay in HCOL area?
Replies: 89
Views: 8182

Re: Can we afford to stay in HCOL area?

Your child budget feels low to me - though I'm in NY and have just 1 child aged 4, between nanny, school (just pre-school) and activities we're more like $80k/year. Daycare just isn't available in our area and with both parents in careers you need a much higher level of nanny, OT availability etc t...
by stoptothink
Sat Aug 11, 2018 11:34 am
Forum: Personal Consumer Issues
Topic: Device to listen to while exercising?
Replies: 23
Views: 1582

Re: Device to listen to while exercising?

My husband uses an iPod Shuffle. They have been discontinued by Apple, but can still be found on Amazon. That's what I use. Podcasts, not music. Sometimes books. Also frequently use it at night to listen to a meditation as I drift off to sleep. I'm still using a shuffle too. Simple and just works, ...
by stoptothink
Fri Aug 10, 2018 7:08 pm
Forum: Personal Consumer Issues
Topic: most compelling TV character ever
Replies: 254
Views: 23119

Re: most compelling TV character ever

Idris Elba in Luther, a British cop series. Luther is one damaged detective. You can't mention Luther without including Alice. And don't forget Mitchel in the British Being Human. Come to think of it, why not Aidan in the American version. If my son would have been a girl, he would have been named ...
by stoptothink
Fri Aug 10, 2018 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: Average expenses in MCOL area for a family of 4
Replies: 50
Views: 2287

Re: Average expenses in MCOL area for a family of 4

MCOL, family of four, our total expenses last year were <$45k, including 15yr mortgage, 2 children in full-time daycare, and cash-flowing wife's college tuition. We are are frugal, even by Boglehead standards.
by stoptothink
Fri Aug 10, 2018 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: Is your monthly expense really that stable or in reality, pretty volatile?
Replies: 46
Views: 2986

Re: Is your monthly expense really that stable or in reality, pretty volatile?

Sorry, yes $220 is the total cost - except for the oil change (around $70) which was what i intended to do, also ended up having a transmission fluid change which was close to $100 and an air filter change which was close to $40...after it's all said and done, i realized i probably got ripped off p...
by stoptothink
Fri Aug 10, 2018 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: Should I tell my family/friend that they are making a financial mistake?
Replies: 87
Views: 7544

Re: Should I tell my family/friend that they are making a financial mistake?

Have you done it without hurting their feelings? Never give an opinion on anything unless it’s asked for. The only caveat is when if will affect me. For example,I will voice my opinion if my parents were making financial mistakes that will potentially bankrupt them resulting in me having to financi...
by stoptothink
Fri Aug 10, 2018 12:36 pm
Forum: Personal Consumer Issues
Topic: most compelling TV character ever
Replies: 254
Views: 23119

Re: most compelling TV character ever

Idris Elba in Luther, a British cop series. Luther is one damaged detective. You can't mention Luther without including Alice. And don't forget Mitchel in the British Being Human. Come to think of it, why not Aidan in the American version. If my son would have been a girl, he would have been named ...
by stoptothink
Fri Aug 10, 2018 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Biggest Threats to Financial Well-Being
Replies: 99
Views: 8744

Re: Biggest Threats to Financial Well-Being

College choice- Spending $150k on a degree that can be had for $40k will teach you compounding interest in reverse real quick. “You wasted $150,000 on an education you coulda got for $1.50 in late fees at the public library.” -Good Will Hunting. :) Nice. +2, but that isn't a popular viewpoint on th...
by stoptothink
Fri Aug 10, 2018 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Biggest Threats to Financial Well-Being
Replies: 99
Views: 8744

Re: Biggest Threats to Financial Well-Being

College choice- Spending $150k on a degree that can be had for $40k will teach you compounding interest in reverse real quick. “You wasted $150,000 on an education you coulda got for $1.50 in late fees at the public library.” -Good Will Hunting. :) Nice. +2, but that isn't a popular viewpoint on th...
by stoptothink
Thu Aug 09, 2018 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 13841

Re: Will you pay for your kids' college/graduate education?

(From the VP of admissions at Trinity College: Research shows today’s students may have between 10 and 14 jobs by the time they are 38 years old. Stanford professors Bill Burnett and Dave Evans, write in “Designing Your Life,” that in the United States, only 27 percent of college graduates are work...
by stoptothink
Thu Aug 09, 2018 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: Biggest Threats to Financial Well-Being
Replies: 99
Views: 8744

Re: Biggest Threats to Financial Well-Being

Divorce isn't necessarily that bad. Your per capita net worth doesn't necessarily change that much. Assuming your own employment prospects are decent, things will likely work out fine. Ask me how I know... Maybe it wasn't that bad for you. I walked down the aisle the first time at age 26 with a net...
by stoptothink
Thu Aug 09, 2018 10:02 am
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 13841

Re: Will you pay for your kids' college/graduate education?

Not sure how to reconcile those two statements bolded above. But, I think you have answered my question sufficiently. We will have to agree to disagree on philosophy regarding taking financial responsibility for kids education, if you can afford to do so. It is an individual choice. We very clearly...
by stoptothink
Wed Aug 08, 2018 8:54 pm
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 13841

Re: Will you pay for your kids' college/graduate education?

So, let me get this straight, you have plenty of income/assets to easily pay for your kids education, but in an effort to teach them how to be independent, self-suffucient adults, you have them apply for aid intended for needy families? Got it. Nothing wrong with maximizing tax/government benefits,...
by stoptothink
Wed Aug 08, 2018 7:57 pm
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 13841

Re: Will you pay for your kids' college/graduate education?

In summary, just because a person could spend a lot of money on their children, it does not mean that they are preparing their kids for a real working environment. KlangFool "Preparing... kids for a real working environment" is to me a severely impoverished view of what college does for kids. I wil...
by stoptothink
Wed Aug 08, 2018 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 13841

Re: Will you pay for your kids' college/graduate education?

I have a question for those that have more than sufficient income and assets to fund their kids education, but are choosing not to do so for various reasons. How does that work in practice? Maybe they can get some merit aid. But most financial aid seems to be need-based. If parents can't show need,...
by stoptothink
Wed Aug 08, 2018 7:28 pm
Forum: Personal Finance (Not Investing)
Topic: "Skin in the game"
Replies: 105
Views: 6814

Re: "Skin in the game"

I strongly disagree. "Skin in the game" is universally bad. Either they will have to take on student debt which will put them at a structural disadvantage and limit their career options for decades or it will distract from their studies. There is no upside. It will not teach them "the value of a do...
by stoptothink
Wed Aug 08, 2018 7:24 pm
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 13841

Re: Will you pay for your kids' college/graduate education?

I have a question for those that have more than sufficient income and assets to fund their kids education, but are choosing not to do so for various reasons. How does that work in practice? Maybe they can get some merit aid. But most financial aid seems to be need-based. If parents can't show need,...
by stoptothink
Wed Aug 08, 2018 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 13841

Re: Will you pay for your kids' college/graduate education?

I have a question for those that have more than sufficient income and assets to fund their kids education, but are choosing not to do so for various reasons. How does that work in practice? Maybe they can get some merit aid. But most financial aid seems to be need-based. If parents can't show need,...
by stoptothink
Wed Aug 08, 2018 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 13841

Re: Will you pay for your kids' college/graduate education?

It's easy to throw your money at something. But don't mistake it with parenting or the lack thereof. I supported myself throughout college and grad school. I had 5 jobs, including 2 that were related to my field of study. I graduated with 4.0 GPA and had no debt coming out of school. My wife did it...
by stoptothink
Wed Aug 08, 2018 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 13841

Re: Will you pay for your kids' college/graduate education?

Huh? Really? And where does this responsibility of parents to fund whatever their offspring want to do end? Sorry to be bearer of bad news. It would be, when you die or when you think you have seriously prepared your offspring to lead an independent life. You state your opinion as if it were law. S...
by stoptothink
Wed Aug 08, 2018 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 13841

Re: Will you pay for your kids' college/graduate education?

I'm curious how much will you support your kids. If yes, to what extent? Part of tuition, in-state full tuition, private university tuition, living expenses? Not sure why this is even a Q to begin with. ALL inclusive - maybe will start cutting back once they find an on-campus job or side-gig that w...
by stoptothink
Wed Aug 08, 2018 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: "Skin in the game"
Replies: 105
Views: 6814

Re: "Skin in the game"

What irks me is that "building character" is just a rationalization for "this situation sucks, but I need to see the positive side of it". I'm sure that way of thinking is great when you're in the middle of a crappy situation, but let's find a way out of it rather than make apologies for it. You ma...
by stoptothink
Wed Aug 08, 2018 11:48 am
Forum: Personal Finance (Not Investing)
Topic: "Skin in the game"
Replies: 105
Views: 6814

Re: "Skin in the game"

What irks me is that "building character" is just a rationalization for "this situation sucks, but I need to see the positive side of it". I'm sure that way of thinking is great when you're in the middle of a crappy situation, but let's find a way out of it rather than make apologies for it. You ma...
by stoptothink
Tue Aug 07, 2018 9:35 am
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 13841

Re: Will you pay for your kids' college/graduate education?

They are NOT CC grads. Look at their diplomas they are grads of whatever school the transferred to. I am pretty sure you knew that already and just wanted to debate. Look at my post I said "CC grad". That is NOT the same as going to CC and transferring and GRADUATING from another college. Good luck...
by stoptothink
Mon Aug 06, 2018 10:46 pm
Forum: Personal Consumer Issues
Topic: Your opinion on online courses?
Replies: 26
Views: 1970

Re: Your opinion on online courses?

In my opinion, you will get out what you put in. You can breeze through an in person class just as easy as an online class if you have no desire to learn. It isn’t hard to pass a class when 30% of your grade is attendance. The last thing I will say is that graduates from my online only have been ac...
by stoptothink
Mon Aug 06, 2018 10:28 pm
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 767
Views: 82165

Re: [What TV Show Have You Recently Watched?]

Green Street wrote:
Thu Jul 26, 2018 4:11 pm
The Sinner, had me from episode 1 to the season finale, kinda had a true detective esque feel to it, excited for season 2
This is the latest we just finished. I was very surprised how well it was done. I am assuming season 2 will be about the detective's backstory.
by stoptothink
Mon Aug 06, 2018 10:22 pm
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 767
Views: 82165

Re: [What TV Show Have You Recently Watched?]

My wife tends to shy away from darker shows, and so I end up watching those on my own. Just finished Marvel's The Defenders. I'd started Jessica Jones, which I think is really good, as was Daredevil. I'm circling back to finish Jessica Jones, which I would recommend. I like these darker grittier Ma...
by stoptothink
Mon Aug 06, 2018 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: Dear BH, what are non-BH [financial] actions you do?
Replies: 71
Views: 4483

Re: Dear BH, what are non-BH actions you do?

Also, we have no intentions of paying for the university education of our children. We have ~12 years for our opinion to change as our oldest is 6, but at this point it isn't something we are really considering. We are going to pay as follows (our daughter is 6 now as well) 1) 2-years of Community ...
by stoptothink
Mon Aug 06, 2018 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 13841

Re: Will you pay for your kids' college/graduate education?

Very reasonable argument. Of course, that brings up the argument of taking out loans for a good school vs. graduating from a CC with no debt. My kids are only toddlers so have no clue the implications in the future job market between those two choices. I'm a doc married to one and can say nearly no...
by stoptothink
Mon Aug 06, 2018 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 13841

Re: Will you pay for your kids' college/graduate education?

OP here. Can we please stay on the topic? I am pretty sure this thread is close to getting shut down as I am not sure what new information you are looking for. I have a simple rule I use on this forum that any thread greater then 20 posts have no answer because there are no answers and just becomes...
by stoptothink
Mon Aug 06, 2018 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 13841

Re: Will you pay for your kids' college/graduate education?

If you live in an area with a good community college and your kids can live at home (i.e. enough space, right type of relationships, etc.) the American Opportunity Tax Credit can make the first two years of college very cheap (if not free). Very reasonable argument. Of course, that brings up the ar...
by stoptothink
Mon Aug 06, 2018 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 13841

Re: Will you pay for your kids' college/graduate education?

If you live in an area with a good community college and your kids can live at home (i.e. enough space, right type of relationships, etc.) the American Opportunity Tax Credit can make the first two years of college very cheap (if not free). Very reasonable argument. Of course, that brings up the ar...
by stoptothink
Mon Aug 06, 2018 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 13841

Re: Will you pay for your kids' college/graduate education?

that we will be committing child abuse. You are right to consider that a terrible statement or implication. There are many legitimate reasons for parents not to fund any or all of higher education. I support doing so if parents can afford to but understand that parenting is more of an art not a sci...
by stoptothink
Mon Aug 06, 2018 9:34 am
Forum: Personal Finance (Not Investing)
Topic: Dear BH, what are non-BH [financial] actions you do?
Replies: 71
Views: 4483

Re: Dear BH, what are non-BH actions you do?

-Likely going to pay off a mortgage at 3.49% (and 20+ years remaining) in the next few months +1. We are <3yrs into a 15yr at 3.125%. Instead of opening a taxable account we have funneled excess resources into paying off the mortgage early; we're a little under halfway there. Also, we have no inten...
by stoptothink
Mon Aug 06, 2018 9:26 am
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 13841

Re: Will you pay for your kids' college/graduate education?

We happen to live in an area with the cheapest university education in the country. There are two pretty good universities within biking distance of our home where it is quite easy for students to cashflow the entirety of their own education without taking on any debt whatsoever. We haven't 100% de...
by stoptothink
Sun Aug 05, 2018 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: "Skin in the game"
Replies: 105
Views: 6814

Re: "Skin in the game"

It's really tricky getting kids to make good ROI decisions when it comes to college. Lots of kids go to expensive private/out of state schools that aren't any better than their state school because it just "feels right" to them. It's fairly ridiculous but we've somehow developed a culture that says...
by stoptothink
Sun Aug 05, 2018 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 13841

Re: Will you pay for your kids' college/graduate education?

Independent of whether you are paying and/or "skin in the game", it is useful for the college student to gain some real job experience before they graduated. Can't stress this enough. My employer has had such bad "growing pain" experiences with employees that had great academic resumes but no work ...
by stoptothink
Sun Aug 05, 2018 5:52 pm
Forum: Investing - Help with Personal Investments
Topic: $100k Liquid, 21, no college education
Replies: 25
Views: 2419

Re: $100k Liquid, 21, no college education

Thank you all for your replies. I am considering majoring in Computer Science at the University of Michigan on a half-scholarship this fall. Under the scholarship, I'll be responsible for paying just $10,000 a semester. I'm currently considering "trying out" a semester to see if the experience is h...
by stoptothink
Sun Aug 05, 2018 5:38 pm
Forum: Investing - Help with Personal Investments
Topic: Front load 401k?
Replies: 23
Views: 1902

Re: Front load 401k?

My employer match is per paycheck, so to get the most I have to be able to contribute at least that amount each paycheck without going over the max. I "front load" as much as I can, and then back off when it starts getting closer to the end of the year and need to divide up the amounts over the rem...
by stoptothink
Sun Aug 05, 2018 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 13841

Re: Will you pay for your kids' college/graduate education?

I have read many posts by parents who feel strongly about their college student having "skin in the game." Where I am puzzled is why would a student suddenly need a dose of reality when they go to college? Why is their drive, initiative, work ethic, scholarship, etc. unknown by their parents? Have ...
by stoptothink
Sun Aug 05, 2018 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 13841

Re: Will you pay for your kids' college/graduate education?

We happen to live in an area with the cheapest university education in the country. There are two pretty good universities within biking distance of our home where it is quite easy for students to cashflow the entirety of their own education without taking on any debt whatsoever. We haven't 100% dec...
by stoptothink
Sat Aug 04, 2018 5:27 pm
Forum: Investing - Help with Personal Investments
Topic: $100k Liquid, 21, no college education
Replies: 25
Views: 2419

Re: $100k Liquid, 21, no college education

Is it worth going for the connections that college can provide to my business's growth? From a purely financial standpoint, probably not. What you've done, at such a young age, is super impressive. I have a PhD and a wife who is actually quite successful in tech sales who is currently finishing her...
by stoptothink
Sat Aug 04, 2018 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: Do you think I am being too conservative on buying a house?
Replies: 46
Views: 3566

Re: Do you think I am being too conservative on buying a house?

If you have a condo in that area that you are planning on selling for <$100k, you do not live in an expensive area by any stretch of the imagination; very much the opposite. What you are proposing is a lot of home for the current household income, even by non-boglehead standards. It will become eve...
by stoptothink
Sat Aug 04, 2018 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Do you think I am being too conservative on buying a house?
Replies: 46
Views: 3566

Re: Do you think I am being too conservative on buying a house?

If you have a condo in that area that you are planning on selling for <$100k, you do not live in an expensive area by any stretch of the imagination; very much the opposite. What you are proposing is a lot of home for the current household income, even by non-boglehead standards. It will become eve...
by stoptothink
Sat Aug 04, 2018 11:36 am
Forum: Investing - Theory, News & General
Topic: 3 Levels of Wealth
Replies: 125
Views: 11294

Re: 3 Levels of Wealth

I never cared what stuff costs in restaurants, even when my NW was $10K. Ironically, that is what I attribute my success to, never having a budget or trying to save money. I was more focused on thinking about how I can increase my INCOME, not about if paying $50 for a meal will bankrupt me. You can...
by stoptothink
Sat Aug 04, 2018 9:26 am
Forum: Investing - Theory, News & General
Topic: 3 Levels of Wealth
Replies: 125
Views: 11294

Re: 3 Levels of Wealth

I never cared what stuff costs in restaurants, even when my NW was $10K. Ironically, that is what I attribute my success to, never having a budget or trying to save money. I was more focused on thinking about how I can increase my INCOME, not about if paying $50 for a meal will bankrupt me. You can...