Search found 4745 matches

by stoptothink
Tue Feb 19, 2019 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: Losing a job in your 50's...
Replies: 140
Views: 13315

Re: What to do with your mortgage when losing a job in your 50's...

Correct. One should indeed check with their state, find out where the nearest office is, and check on all of the rules and benefits as I imagine it is different in each state. I had to clarify when to apply - right after my last day, or after my final academic paycheck which wasn't until three mont...
by stoptothink
Tue Feb 19, 2019 10:43 am
Forum: Personal Finance (Not Investing)
Topic: What net worth supersedes Bogleheads’s strategy
Replies: 121
Views: 9182

Re: What net worth supersedes Bogleheads’s strategy

the secret is starting as early in life as possible and let it compound. for example, our daughter is 25, works as an RN making 70k, has no student loans or other debt,contributes the max to Roth IRA & 401K and currently has approx 350k invested in indexes. even if she didn't invest another dollar ...
by stoptothink
Tue Feb 19, 2019 10:37 am
Forum: Personal Finance (Not Investing)
Topic: Do I need a degree?
Replies: 53
Views: 2935

Re: Do I need a degree?

Im curious how long would it take someone with a full time job to earn a 4 year degree taking a few classes at night from community college, and how easy is it to then continue on from the associates to bachelors again with a full time job? OP, I am in the same boat, similar age, trying to get both...
by stoptothink
Mon Feb 18, 2019 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: What net worth supersedes Bogleheads’s strategy
Replies: 121
Views: 9182

Re: What net worth supersedes Bogleheads’s strategy

"So tell me how "extraordinary" it would be for a worker bee family to save 54k in 1984." FWIW - In 1984 that would have been impossible for all the folks that I know. My parents earned $34K total that year. We earned a total of $43K that year. The median household income in 1984 was about $43K. In...
by stoptothink
Mon Feb 18, 2019 12:17 pm
Forum: Personal Consumer Issues
Topic: Best PAID music streaming service?
Replies: 52
Views: 2639

Re: Best PAID music streaming service?

I only have experience with Spotify (student, thanks to wife) and it has been great.
by stoptothink
Mon Feb 18, 2019 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: Do I need a degree?
Replies: 53
Views: 2935

Re: Do I need a degree?

My wife returned to school 2yrs ago, at 30. She will hopefully finish sometime in 2020. She was already pretty successful in IT sales, but she kept being told that her upward mobility would be stunted without a degree...I found it interesting that she kept being told this by superiors (literally non...
by stoptothink
Mon Feb 18, 2019 11:01 am
Forum: Personal Finance (Not Investing)
Topic: How much to spend on new home
Replies: 6
Views: 635

Re: How much to spend on new home

Watty wrote:
Mon Feb 18, 2019 9:25 am
You are asking the question wrong.

Make a list of the advantages of the new home...
This. You have $30k in equity; unless you have a really good reason to sell, this isn't a good financial decision.
by stoptothink
Mon Feb 18, 2019 10:51 am
Forum: Personal Finance (Not Investing)
Topic: Easiest Way to Give $100k Cash to Non-Family Member
Replies: 60
Views: 4495

Re: Easiest Way to Give $100k Cash to Non-Family Member

OK, I'll say it. It's not what you want to hear. It is a mistake, do not do it. This. Like another poster, I'd find it odd if they accepted the gift. They very well might decline the gift if we decide to offer it. That could make things uncomfortable. IMO, the chances of this not making things unco...
by stoptothink
Mon Feb 18, 2019 10:46 am
Forum: Personal Finance (Not Investing)
Topic: What net worth supersedes Bogleheads’s strategy
Replies: 121
Views: 9182

Re: What net worth supersedes Bogleheads’s strategy

"So tell me how "extraordinary" it would be for a worker bee family to save 54k in 1984." FWIW - In 1984 that would have been impossible for all the folks that I know. My parents earned $34K total that year. We earned a total of $43K that year. The median household income in 1984 was about $43K. If...
by stoptothink
Sun Feb 17, 2019 8:02 pm
Forum: Personal Finance (Not Investing)
Topic: Easiest Way to Give $100k Cash to Non-Family Member
Replies: 60
Views: 4495

Re: Easiest Way to Give $100k Cash to Non-Family Member

GrowthSeeker wrote:
Sun Feb 17, 2019 7:30 pm
OK, I'll say it. It's not what you want to hear.
It is a mistake, do not do it.
This. Like another poster, I'd find it odd if they accepted the gift.
by stoptothink
Sun Feb 17, 2019 7:59 pm
Forum: Personal Consumer Issues
Topic: Advisability of Using a Personal Trainer at the Gym
Replies: 28
Views: 2022

Re: Advisability of Using a Personal Trainer at the Gym

Some universities offer Masters in Athletic Training for people who already have a related Bachelors such as in Kinesiology. https://www.ttuhsc.edu/health-professions/master-athletic-training/the-profession.aspx And apparently, there is an exam to become Board Certified at least in Texas. Did anybo...
by stoptothink
Sun Feb 17, 2019 10:17 am
Forum: Personal Finance (Not Investing)
Topic: What net worth supersedes Bogleheads’s strategy
Replies: 121
Views: 9182

Re: What net worth supersedes Bogleheads’s strategy

Wife and I each make 150k-ish per year. Net worth at 35 1.4MM. save 175k/yr. if we get 8% returns over the next 65 years and no raises/promotions, that's nearly 500MM by age 100. I plan to live to 120, so could easily be a billionaire on two non-management individual contributor salaries at megacor...
by stoptothink
Sun Feb 17, 2019 10:04 am
Forum: Personal Consumer Issues
Topic: using uber versus buying a car
Replies: 54
Views: 3359

Re: using uber versus buying a car

It seems that your driving would be mostly local short trips. You really don't need a 20K car for this. There are new cars that are less expensive than that and a good used car could be even less. What new cars are less expensive? 10 new cars less than $20K.... https://www.kbb.com/car-news/all-the-...
by stoptothink
Sun Feb 17, 2019 9:58 am
Forum: Personal Finance (Not Investing)
Topic: I want a new Audi A6 2018 (50k) - Can I afford it? Or is this just a really dumb decision...
Replies: 136
Views: 7228

Re: I want a new Audi A6 2018 (50k) - Can I afford it? Or is this just a really dumb decision...

Houston definitely isn't an ideal place to try and live sustainably, but there are plenty of people that do it there if u check out r/bikecommuting on Reddit. I did it in Houston for almost 5yrs. I did own a car (truck), but I drove it a handful of times a year when the rain was horrible. My 3-12 m...
by stoptothink
Sat Feb 16, 2019 3:49 pm
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 1108
Views: 113338

Re: Personal favorite TV/cable series

I have cheap regular cable, and most of it is now crap talent shows, the current creepiest being "The Masked Singer". Only worthwhile channels are some of the retro channels: The Fugitive: was a kid when this was current, I still can't watch a full episode, but it was pretty well done. Janssen's un...
by stoptothink
Sat Feb 16, 2019 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: If your net worth is over $3 million, how did you do it?
Replies: 357
Views: 82195

Re: If your networth is over $3 million, how did you do it?

Work really hard and get into a job that makes a ton of money. At 45, married, 3 kids, we are at $2.95M. However, I’m thr next 18 months I will gross $2.5M. Makes me wonder whether saving a frugality was warranted. Hindsight is always 20/20. I’m no where near your numbers but had a similar thought....
by stoptothink
Sat Feb 16, 2019 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: Help with difficult work situation
Replies: 48
Views: 3469

Re: Help with difficult work situation

Yeah, I'm with everybody else: what's the problem? Get over yourself. I was in a similar situation about a decade ago when a colleague, who I was WAY more qualified than and had been a WAY better performer than, was promoted to director without even interviewing when the former director was fired. S...
by stoptothink
Fri Feb 15, 2019 7:37 pm
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 1108
Views: 113338

Re: Personal favorite TV/cable series

Vikings, Breaking Bad, Luther, and we've made it through the first 4 seasons of Game of Thrones and it is probably up there.

Ozark, the Office, Goliath, Patriot, and Parks and Rec are probably one tier below.
by stoptothink
Fri Feb 15, 2019 10:47 am
Forum: Personal Finance (Not Investing)
Topic: Advice Needed - Options for Commuting to Work
Replies: 37
Views: 1430

Re: Advice Needed - Options for Commuting to Work

I would gladly take a 50% paycut to not have to deal with that commute. IMO, you really should consider if this job opportunity is for you. If you decide it is, I'd take the bus...and use those daily rides to study or learn new skills so I can get another job.
by stoptothink
Thu Feb 14, 2019 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of college and 529
Replies: 642
Views: 24796

Re: Cost of college and 529

Not nothing, they learned lots of mind expanding stuff over the 31+ months they attended college! You can get that knowledge by simply sitting in on the lectures for free, no one will stop you. You can also just "audit" a course. Finally you can get all that knowledge and more for free online, or b...
by stoptothink
Thu Feb 14, 2019 5:06 pm
Forum: Personal Consumer Issues
Topic: Refurbished smart phone or new Consumer Cellular Smart phone?
Replies: 9
Views: 610

Re: Refurbished smart phone or new Consumer Cellular Smart phone?

I think you'll regret not getting a phone with a decent camera. You might be surprised how much you use it. I have taken a grand total of zero pictures in the 5yrs I've had a company provided smartphone. If asked to, I may actually struggle figuring it out (and I'm 37). I do semi-regularly use Marc...
by stoptothink
Thu Feb 14, 2019 11:43 am
Forum: Personal Consumer Issues
Topic: How do YOU buy a car? (TrueCar, Costco, Carvana, etc)
Replies: 63
Views: 5671

Re: How do YOU buy a car? (TrueCar, Costco, Carvana, etc)

We have a local VW dealer that is one of the largest in the country. Based on Cars.com, they have among the cheapest prices in the country, and by far the best deals west of the Mississippi. For our last car purchase, my wife called earlier in the day to confirm the internet price, and then we went ...
by stoptothink
Thu Feb 14, 2019 11:02 am
Forum: Personal Finance (Not Investing)
Topic: Cost of college and 529
Replies: 642
Views: 24796

Re: Cost of college and 529

I am probably the worst parent in the world...I had four kids and they all have completed college, grad school, professional school, whatever..now I was employed most of the time at a few colleges and I usually got a discount for tuition and we usually lived close to campus...I told my kids I would...
by stoptothink
Tue Feb 12, 2019 10:16 am
Forum: Personal Finance (Not Investing)
Topic: Bad Idea or Good Idea? - Investing in 529 College Savings Plan
Replies: 70
Views: 3858

Re: Bad Idea or Good Idea? - Investing in 529 College Savings Plan

OK, wealthy might be "Ineligible for the American Opportunity Tax Credit because of income." We are eligible for AOC and easily max out all available retirement vehicles ($62K+/yr) and make double payments on a 15yr mortgage, do we qualify? We do have 529s, up to state deduction max, although our c...
by stoptothink
Mon Feb 11, 2019 8:38 pm
Forum: Personal Consumer Issues
Topic: Recommendation for home gym (limited space)
Replies: 60
Views: 3848

Re: Recommendation for home gym (limited space)

Kettlebells are inexpensive and very versatile. Kettlebells are very expensive (compared to alternatives) and their functionality is pretty limited. They are ideal for swings, and...? A barbell or adjustable DBs are superior for the large majority of movements. This thread isn't for me because I ha...
by stoptothink
Mon Feb 11, 2019 8:22 pm
Forum: Personal Finance (Not Investing)
Topic: 2 years in community college, then transfer? need opinion please
Replies: 118
Views: 5519

Re: 2 years in community college, then transfer? need opinion please

Plenty of good advice on the mechanics of the degree and it looks very reasonable price-wise. I will say this: there are intangible benefits of attending a 4-year all the way through, especially by building networks of people in similar majors, fraternities, etc. I attended a CC for one year prior ...
by stoptothink
Mon Feb 11, 2019 6:25 pm
Forum: Personal Finance (Not Investing)
Topic: 2 years in community college, then transfer? need opinion please
Replies: 118
Views: 5519

Re: 2 years in community college, then transfer? need opinion please

Plenty of good advice on the mechanics of the degree and it looks very reasonable price-wise. I will say this: there are intangible benefits of attending a 4-year all the way through, especially by building networks of people in similar majors, fraternities, etc. I attended a CC for one year prior ...
by stoptothink
Mon Feb 11, 2019 3:31 pm
Forum: Personal Consumer Issues
Topic: Any meal preppers? I need new dishes. [containers]
Replies: 22
Views: 1922

Re: Any meal preppers? I need new dishes.

I am the king of "meal preppers" as I prepare 95% of the food for myself and my family of 4 each week on Sunday mornings. I've never felt the need for something anymore complex than basic plastic tupperware (which we get at the dollar store). I also use mason jars for overnight oats. We don't regula...
by stoptothink
Mon Feb 11, 2019 1:30 pm
Forum: Personal Consumer Issues
Topic: How many hours do you work and what do you outsource
Replies: 88
Views: 7382

Re: How many hours do you work and what do you outsource

I read years ago never do any work that pays an hourly salary less than your own (this assumes you divert time saved to high value work, such as tasks devoted to progressing in career). If I were still working and still on the leadership track I would probably outsource everything. It's a personal ...
by stoptothink
Sat Feb 09, 2019 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of college and 529
Replies: 642
Views: 24796

Re: Cost of college and 529

And, you could achieve the same goal with the kid's Roth IRAs. I am contributing to my kid's Roth IRAs. And, they have their own savings and investment. Both of my kids will be graduated with 20K to 30K of investment in their taxable account and Roth IRAs. If I am in the position to do so, I fully ...
by stoptothink
Sat Feb 09, 2019 4:00 pm
Forum: Personal Consumer Issues
Topic: Money saving move you regret the most?
Replies: 120
Views: 10616

Re: Money saving move you regret the most?

In about year 2 of our marriage, my wife and I bought our first home. I really wish now that I would have stretched myself more and bought more house. I was concerned about paying a mortgage and after a few months and raises the mortgage was easier to pay. I think this would have ultimately given u...
by stoptothink
Sat Feb 09, 2019 3:53 pm
Forum: Personal Consumer Issues
Topic: How many hours do you work and what do you outsource
Replies: 88
Views: 7382

Re: How many hours do you work and what do you outsource

I read years ago never do any work that pays an hourly salary less than your own (this assumes you divert time saved to high value work, such as tasks devoted to progressing in career). If I were still working and still on the leadership track I would probably outsource everything. It's a personal ...
by stoptothink
Sat Feb 09, 2019 3:46 pm
Forum: Personal Consumer Issues
Topic: Would you eat lab grown meat?
Replies: 64
Views: 1561

Re: Would you eat lab grown meat?

Absolutely
by stoptothink
Sat Feb 09, 2019 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of college and 529
Replies: 642
Views: 24796

Re: Cost of college and 529

Our kids, with their aptitude and stats, and with our income and assets, are facing two possible starkly opposite choices: a near-free degree from a middling state flagship, or near-full sticker at an elite institution (possibly with financial middle ground somewhere halfway due to merit). So we co...
by stoptothink
Sat Feb 09, 2019 11:48 am
Forum: Personal Consumer Issues
Topic: Money saving move you regret the most?
Replies: 120
Views: 10616

Re: Money saving move you regret the most?

I cut my own hair once. Never again. Practice makes perfect. I have been doing it for a good part of the decade. It's consistent result and all fault is yours, you can't blame it on others :D That's what a wife is for. Pretty sure I've never paid for a haircut and the two pairs of clippers I've own...
by stoptothink
Sat Feb 09, 2019 11:34 am
Forum: Personal Finance (Not Investing)
Topic: Cost of college and 529
Replies: 642
Views: 24796

Re: Cost of college and 529

And I'm sure we all know a lot more people who got nothing from that "great pedigree". It could be a really expensive gamble, one some people never recover from (sadly, I can almost guarantee my sister and a few of my employees are in this boat). Examine your own situation. I don’t, but that could ...
by stoptothink
Fri Feb 08, 2019 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: Teachers Who Have Net Worth of $1 million +
Replies: 182
Views: 26751

Re: Teachers Who Have Net Worth of $1 million +

That's because you need the summer months to recover from the other months. That isn't the case for other professions? I can’t speak for anyone else but, as of 10 minutes ago, I wrapped up 30 hours for the week in a small room with elementary school students. It is fulfilling and even a lot of fun ...
by stoptothink
Fri Feb 08, 2019 8:34 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of college and 529
Replies: 642
Views: 24796

Re: Cost of college and 529

In my estimation, it's a gamble that's simply not worth it. Stellar kids, in my experience, will do very well no matter where they go. Could be, but I've known a lot of not-quite-stellar people who seemed to get a lot of mileage out of a great pedigree. And I'm sure we all know a lot more people wh...
by stoptothink
Fri Feb 08, 2019 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: Teachers Who Have Net Worth of $1 million +
Replies: 182
Views: 26751

Re: Teachers Who Have Net Worth of $1 million +

Teachers in many western PA schools do rather well. And if they want to, they can generate more income working in the summer. Almost all I know do not. RM That's because you need the summer months to recover from the other months. That isn't the case for other professions? I can’t speak for anyone ...
by stoptothink
Fri Feb 08, 2019 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: Is the MBA degree market saturated?
Replies: 39
Views: 3440

Re: Is the MBA degree market saturated?

I think there is credential inflation for most degrees and certificates in general. I've met someone who has an MS in Leadership; really? lol Absolutely. This game is never more evident than in public education, where an advanced degree (no matter what it is) usually gets an automatic pay bump. My ...
by stoptothink
Fri Feb 08, 2019 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: How much would you contribute to retirement if you max your 2019 contributions?
Replies: 43
Views: 2810

Re: How much would you contribute to retirement if you max your 2019 contributions?

About $62k. We're close to halfway their already because we funded the Roth IRAs January 1st and I am front-loading my 401k.
by stoptothink
Fri Feb 08, 2019 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: Teachers Who Have Net Worth of $1 million +
Replies: 182
Views: 26751

Re: Teachers Who Have Net Worth of $1 million +

carol-brennan wrote:
Fri Feb 08, 2019 2:55 pm
Random Musings wrote:
Sat Dec 08, 2018 9:59 pm
Teachers in many western PA schools do rather well. And if they want to, they can generate more income working in the summer. Almost all I know do not.

RM
That's because you need the summer months to recover from the other months.
That isn't the case for other professions?
by stoptothink
Fri Feb 08, 2019 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of college and 529
Replies: 642
Views: 24796

Re: Cost of college and 529

You are either far more wealthy or a more giving parent than I (probably both) if you are willing to spend possibly an extra $250k for an "I don't know". That is a complement BTW. :) This is all moot anyway. There are very few schools we would consider paying this kind of money for, and getting int...
by stoptothink
Fri Feb 08, 2019 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Is the MBA degree market saturated?
Replies: 39
Views: 3440

Re: Is the MBA degree market saturated?

MBA’s are as much about networking as they are about education, more so with the elite institutions mentioned previously in this thread. To the OP’s point, I know many MBA grads that went straight through after undergraduate school or little working experience and from an outside perspective, they’...
by stoptothink
Fri Feb 08, 2019 3:19 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of college and 529
Replies: 642
Views: 24796

Re: Cost of college and 529

We are talking probabilities here. Can you get into these sorts of places without going to Harvard? Of course. Are your chances higher from Harvard than from a directional state school? Of course. And of course going to Harvard hardly guarantees you will gain entry at a given employer. I'd also poi...
by stoptothink
Fri Feb 08, 2019 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of college and 529
Replies: 642
Views: 24796

Re: Cost of college and 529

We are talking probabilities here. Can you get into these sorts of places without going to Harvard? Of course. Are your chances higher from Harvard than from a directional state school? Of course. And of course going to Harvard hardly guarantees you will gain entry at a given employer. I'd also poi...
by stoptothink
Fri Feb 08, 2019 1:58 pm
Forum: Personal Consumer Issues
Topic: Money saving move you regret the most?
Replies: 120
Views: 10616

Re: Money saving move you regret the most?

Dropped comprehensive coverage on my 10-year-old Honda Accord. (Had always had comprehensive before and never any claims and I do not drive very much.) Two months later a deer jumped onto the hood of my car doing several thousand dollars worth of damage before bounding away, apparently not too much...
by stoptothink
Fri Feb 08, 2019 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of college and 529
Replies: 642
Views: 24796

Re: Cost of college and 529

It really depends what you want to do career-wise. If you want to go to law school, it doesn't really matter where you go to undergrad (so long as you keep your grades high). If you want to work for Goldman Sachs or Bain and onto an M7 MBA program, then you will have a lot easier time doing that fr...
by stoptothink
Fri Feb 08, 2019 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of college and 529
Replies: 642
Views: 24796

Re: Cost of college and 529

Tuition at our local public university, which is pretty solid, for four years is $26k, less than it was four years ago. That sounds very low. 6.5K/yr? Exactly how solid is that university? If that is a likely academic match, however, then it definitely makes no sense to complicate financial life to...
by stoptothink
Fri Feb 08, 2019 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Another Bay Area home advice thread
Replies: 44
Views: 3281

Re: Another Bay Area home advice thread

Our company recently outsourced some of our dev work to eastern europe. $250k a year gets us 5 VERY high quality developers and a project lead, and that $250k is "all in" - no taxes, benefits etc. which usually add another 25% cost on top of salary for us. These are guys with masters degrees, 10+ y...