Search found 4196 matches

by stoptothink
Tue Aug 21, 2018 8:38 pm
Forum: Personal Consumer Issues
Topic: Graduate Degree Mistakenly (?) Conferred - What to Do?
Replies: 46
Views: 3016

Re: Graduate Degree Mistakenly (?) Conferred - What to Do?

This event is absolutely fascinating to me. I had the exact opposite experience; graduated, moved out of the state for a job and then was contacted 6+ months later, by the individual who did my grad check (a simple formality, which took like 8wks and had a fee associated), stating that they had mess...
by stoptothink
Tue Aug 21, 2018 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: Is a million really the benchmark for retirement
Replies: 88
Views: 8821

Re: Is a million really the benchmark for retirement

[q 100k is a must to have a decent living for two people even if in LCOA. Let's say Rent $2000 a month (or $1000 mortgage, 500 property tax + 500 insurance and repair) Food $1000 a mohth (include eat out) Transportation (auto payment, gas , insurance) $500 Medical expense $1000 (insurance, copay, p...
by stoptothink
Tue Aug 21, 2018 9:04 am
Forum: Personal Finance (Not Investing)
Topic: Is a million really the benchmark for retirement
Replies: 88
Views: 8821

Re: Is a million really the benchmark for retirement

Lots of smart, successful people on Bogleheads. I'm always impressed and thankful for those willing to teach, but I am amused by the "Is $2 million enough for retirement?" threads. +1 and we'll likely be in this area around the time we hit 40(wife)/45 (paid off home and ~2M in retirement assets). W...
by stoptothink
Sun Aug 19, 2018 12:53 pm
Forum: Investing - Theory, News & General
Topic: Remind me (again) how real estate isn't a GREAT investment?
Replies: 158
Views: 12524

Re: Remind me (again) how real estate isn't a GREAT investment?

Really? So you had low to mid seven figures in real estate equity by the time you're in your mid-20s? You have read over 200 books on business, philosophy, and mindset, have been working with at least three mentors.. by your mid-20s? I'd love to hear about it. I always tell younger folks asking me ...
by stoptothink
Sun Aug 19, 2018 12:35 pm
Forum: Investing - Theory, News & General
Topic: Remind me (again) how real estate isn't a GREAT investment?
Replies: 158
Views: 12524

Re: Remind me (again) how real estate isn't a GREAT investment?

Really? So you had low to mid seven figures in real estate equity by the time you're in your mid-20s? You have read over 200 books on business, philosophy, and mindset, have been working with at least three mentors.. by your mid-20s? I'd love to hear about it. I always tell younger folks asking me ...
by stoptothink
Sun Aug 19, 2018 11:01 am
Forum: Investing - Theory, News & General
Topic: Remind me (again) how real estate isn't a GREAT investment?
Replies: 158
Views: 12524

Re: Remind me (again) how real estate isn't a GREAT investment?

in summary, real estate is a very forgiving investment that requires very little brain power and business knowledge and math knowledge to get right. So if it doesn't need brains or knowledge to get right, maybe you were just lucky investing at the right time. I know several people invested in real ...
by stoptothink
Sat Aug 18, 2018 11:43 am
Forum: Personal Finance (Not Investing)
Topic: Teachers Who Have Net Worth of $1 million +
Replies: 104
Views: 12367

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

Wow. That's crazy. :o Your state (Illinois) has an absolute incredible pension for teachers who are tier 1 (2010 and before). My high school baseball coach and PE teacher makes 130k a year from his pension and it goes up every year by 3% at least. It’s truly an incredible benefit, that unfortunatel...
by stoptothink
Sat Aug 18, 2018 11:23 am
Forum: Personal Finance (Not Investing)
Topic: Teachers Who Have Net Worth of $1 million +
Replies: 104
Views: 12367

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

Wow. That's crazy. :o Your state (Illinois) has an absolute incredible pension for teachers who are tier 1 (2010 and before). My high school baseball coach and PE teacher makes 130k a year from his pension and it goes up every year by 3% at least. It’s truly an incredible benefit, that unfortunatel...
by stoptothink
Sat Aug 18, 2018 9:23 am
Forum: Investing - Theory, News & General
Topic: Remind me (again) how real estate isn't a GREAT investment?
Replies: 158
Views: 12524

Re: Remind me (again) how real estate isn't a GREAT investment?

Pretty frequently I'll hear people say they "bought" a rental property, and the tenant's rent covers the entire mortgage payment. It sounds like that's not uncommon at all. In fact, it sounds more common that rent covers the mortgage payment than the opposite. Many even say it covers the mortgage a...
by stoptothink
Fri Aug 17, 2018 10:12 am
Forum: Personal Consumer Issues
Topic: Worth seeing comedian live if already saw their Netflix special?
Replies: 20
Views: 1766

Re: Worth seeing comedian live if already saw their Netflix special?

We saw Ali Wong's first netflix special and decided to see her live. It was new material (which is now on netflix as well), but we didn't find it as funny, irregardless of the method of viewing. To me, the live show is more about the ambiance, crowd, etc., which we're indifferent to, or can be less...
by stoptothink
Fri Aug 17, 2018 9:59 am
Forum: Personal Consumer Issues
Topic: Tipping lawn service and trash pickup
Replies: 27
Views: 2064

Re: Tipping lawn service and trash pickup

no way. Tipping culture is out of control. I won't do anything to reinforce this bad entitlement. I've decided that I am going to start standing on street corners and throwing dollar bills and various beverages at passers-by because I am sure many of them are headed to or from work and they likely ...
by stoptothink
Fri Aug 17, 2018 8:34 am
Forum: Personal Finance (Not Investing)
Topic: Savings rate per month???
Replies: 63
Views: 4899

Re: Savings rate per month???

I thought I was doing decent at 25% of gross ($63,500 income with stay-at-home wife and a one-year-old), not including employer match or extra mortgage principal payments. You are! That is a very above average savings rate in that situation and you should be very proud. We have the 1 yr old and a l...
by stoptothink
Wed Aug 15, 2018 10:34 am
Forum: Personal Consumer Issues
Topic: Biking with 2 young children - what gear to get?
Replies: 24
Views: 1141

Re: Biking with 2 young children - what gear to get?

2-kid trailer, definitely! Sure, they''ll outgrow it sooner or later, but good ones can have phenomenal resale values. (Our grown kids are still mad that I sold ours. They have great memories of it.) Maybe the best "investment" in a consumer product we ever made. Our children are now too large to g...
by stoptothink
Wed Aug 15, 2018 10:09 am
Forum: Personal Finance (Not Investing)
Topic: Housing affordability - what is your take?
Replies: 73
Views: 6780

Re: Housing affordability - what is your take?

Other friends of ours are heavily supplemented by their parents and are definitely not saving for retirement. I am finding out more and more that this is the case, and we're not exactly a fresh out of school couple (37 and 32). I can't believe how many of my friends, neighbors, and extended family ...
by stoptothink
Tue Aug 14, 2018 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Housing affordability - what is your take?
Replies: 73
Views: 6780

Re: Housing affordability - what is your take?

Prices are high because people are willing to spend a huge (and in my opinion unwise) percentage of their income on housing. Your choice is to either compete with them (and make the same poor decision) or move elsewhere. I think this has a huge part to play. I made an off hand comment at work one d...
by stoptothink
Mon Aug 13, 2018 8:32 pm
Forum: Personal Finance (Not Investing)
Topic: Almost 30 - Check In
Replies: 33
Views: 3593

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: 29
Views: 1795

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: 55
Views: 2845

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: 3667
Views: 1040214

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: 92
Views: 9157

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: 1666

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: 260
Views: 24335

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: 2377

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: 3201

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: 7724

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: 260
Views: 24335

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: 8999

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: 8999

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: 14405

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: 8999

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: 14405

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: 14405

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: 14405

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: 14405

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: 7040

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: 14405

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: 14405

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: 14405

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: 14405

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: 14405

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: 7040

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: 7040

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: 14405

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: 2123

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: 775
Views: 83453

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: 775
Views: 83453

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: 4605

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: 14405

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: 14405

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: 14405

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...