Search found 397 matches

by gator15
Tue Jul 16, 2019 10:47 am
Forum: Personal Finance (Not Investing)
Topic: Millionaire by 40 and How you Did it?
Replies: 205
Views: 31466

Re: Millionaire by 40 and How you Did it?

I truly believe in the quote “make hay while the sun shines”. My wife and I have had good incomes for the last 9 years and we’ve used that time to really boost our savings. Sure I started saving modest amounts at age 18 but my portfolio really took off in my 30s when we increased our incomes. We now...
by gator15
Tue Jun 11, 2019 12:08 am
Forum: Personal Consumer Issues
Topic: Anything you wish you had spent money on when you were younger?
Replies: 73
Views: 7250

Re: Anything you wish you had spent money on when you were younger?

I regret not spending more money on hotels while vacationing. For some reason I continue to cut corners when it comes to lodging. I only do this when traveling alone. The thought is I’d rather spend that money on good food, better seats at a concert or sporting event. Regardless, most of the time, I...
by gator15
Wed May 29, 2019 11:16 pm
Forum: Personal Consumer Issues
Topic: Its a Jeep thing?
Replies: 40
Views: 3415

Re: Its a Jeep thing?

I’ve had a lot of nice sports cars over the years. I’ve also owned a 2005 Jeep Wrangler I had for six years. It’s the only vehicle I regret selling. I sold it for $2k less than I paid for it. Sold it because it was my daily driver and I was commuting close to 100 miles a day. Should have kept it and...
by gator15
Sat Mar 02, 2019 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: what are the most important financial goals for you
Replies: 24
Views: 1910

Re: what are the most important financial goals for you

My goal is 30x annual expenses. Once there, I can get the Jeep Rubicon I want.
by gator15
Wed Feb 27, 2019 9:15 pm
Forum: Personal Consumer Issues
Topic: What vacation travel "extras" do you find worthwhile? (and why?)
Replies: 43
Views: 4672

Re: What vacation travel "extras" do you find worthwhile? (and why?)

Not really a splurge but I buy cocktails while traveling to my vacation destination. Good way to start the vacation early.
by gator15
Sun Feb 17, 2019 9:41 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: 7787

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

I would buy it, but: 1. I would not buy new. You can get a pre owned fully loaded 2018 A6 for $40k OTD. Can go down to the $30s if you don’t need top of the line. 2. I would not buy with cash. Tying up so much money in a depreciating asset makes no sense. Get a 0-2% loan. A little story for those B...
by gator15
Sun Feb 03, 2019 5:31 pm
Forum: Personal Investments
Topic: Besides your core.. anyone also hold a play account?
Replies: 61
Views: 3266

Re: Besides your core.. anyone also hold a play account?

I have an account with Acorns. It's got a decent amount in it. Funded a vacation last year and will likely do the same this year.
by gator15
Sun Feb 03, 2019 5:14 pm
Forum: Personal Investments
Topic: Help me understand the Backdoor Roth IRA
Replies: 17
Views: 1154

Re: Help me understand the Backdoor Roth IRA

To clarify - when you contributed to the traditional IRAs, did you deduct the contributions? If you mean deducting when I complete my taxes each year, the answer is yes. Hmmm. That doesn't add up. The MFJ income limit for contributing to a Roth is $193,000, but the limit for making deductible IRA c...
by gator15
Sun Feb 03, 2019 11:38 am
Forum: Personal Investments
Topic: Help me understand the Backdoor Roth IRA
Replies: 17
Views: 1154

Re: Help me understand the Backdoor Roth IRA

To clarify - when you contributed to the traditional IRAs, did you deduct the contributions? If you mean deducting when I complete my taxes each year, the answer is yes. Hmmm. That doesn't add up. The MFJ income limit for contributing to a Roth is $193,000, but the limit for making deductible IRA c...
by gator15
Sun Feb 03, 2019 10:09 am
Forum: Personal Investments
Topic: Help me understand the Backdoor Roth IRA
Replies: 17
Views: 1154

Re: Help me understand the Backdoor Roth IRA

Longdog wrote:
Sun Feb 03, 2019 5:01 am
To clarify - when you contributed to the traditional IRAs, did you deduct the contributions?
If you mean deducting when I complete my taxes each year, the answer is yes.
by gator15
Sun Feb 03, 2019 10:08 am
Forum: Personal Investments
Topic: Help me understand the Backdoor Roth IRA
Replies: 17
Views: 1154

Re: Help me understand the Backdoor Roth IRA

Currently, there are several threads about Backdoor Roth IRAs and I’m trying to better understand them. Here is my situation. For the first 15 years of my wife and my career, we were eligible to invest in Roth IRAs. Over the last three years, we’ve had to invest in Traditional IRAs due to our incom...
by gator15
Sat Feb 02, 2019 11:24 pm
Forum: Personal Investments
Topic: Help me understand the Backdoor Roth IRA
Replies: 17
Views: 1154

Help me understand the Backdoor Roth IRA

Currently, there are several threads about Backdoor Roth IRAs and I’m trying to better understand them. Here is my situation. For the first 15 years of my wife and my career, we were eligible to invest in Roth IRAs. Over the last three years, we’ve had to invest in Traditional IRAs due to our income...
by gator15
Wed Jan 16, 2019 10:19 pm
Forum: Personal Finance (Not Investing)
Topic: Have I Now Become Out of Touch Financially? Aging question...
Replies: 90
Views: 11511

Re: Have I Now Become Out of Touch Financially? Aging question...

I see the OP’s point though as many of you mentioned,it may be based on his location. Nonetheless, I see his point. I’m fairly young but the price of things in 2019 amazes me. I increase my income but then the finish line moves. I’m thankful I bought my house 5 years ago. No way I could afford it to...
by gator15
Wed Jan 16, 2019 9:35 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 555
Views: 49252

Re: Why are you NOT buying rental properties?

I owned a rental property for about 5 years and sold it a couple years. I really lucked out as I bought a foreclosed condo in a great neighborhood for a cheap price shortly after the the financial crisis. In the time I owned it I had good tenants and made decent money each month on the property. Wha...
by gator15
Tue Jan 15, 2019 8:14 pm
Forum: Personal Consumer Issues
Topic: Are You Dumping Netflix?
Replies: 218
Views: 17692

Re: Are You Dumping Netflix?

It's a couple of dollars so no I want Netflix. In fact, they should probably charge more.
by gator15
Tue Dec 25, 2018 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Working Holidays for extra money.
Replies: 64
Views: 4662

Re: Working Holidays for extra money.

When I was single, my peers offered me money to take their shift on Christmas and New Year's Eve. At the time, I was making about $30k a year and I was offered anywhere between $150 to $200 for a 8 hour shift. I did this for about five years. I then realized I valued the time and turned the money do...
by gator15
Tue Dec 25, 2018 9:57 am
Forum: Personal Consumer Issues
Topic: That Extravagant Thing You Do
Replies: 411
Views: 59611

Re: What NON frugal thing did you do today?

Currently staying in a hotel and went down to the hotel bar and spent $20 for two beers when I had beer in my hotel room. Did so because the bar was showing a football game that wasn’t being shown in my hotel room.
by gator15
Mon Dec 24, 2018 10:12 am
Forum: Personal Consumer Issues
Topic: spent too much? festive season gifts
Replies: 25
Views: 2177

Re: spent too much? festive season gifts

I generally go all out for Christmas. One of my favorite holidays.
by gator15
Mon Dec 24, 2018 9:46 am
Forum: Investing - Theory, News & General
Topic: What was your best investment in 2018?
Replies: 127
Views: 7632

Re: What was your best investment in 2018?

Paying off debt of nearly $70k. Will allow for more disposable income in 2019.
by gator15
Fri Dec 21, 2018 7:54 pm
Forum: Investing - Theory, News & General
Topic: When did the musicians on the titanic realize their fate?
Replies: 132
Views: 10253

Re: When did the musicians on the titanic realize their fate?

For the last 17 years I’ve just thrown money at my various investment accounts without thinking much about my asset allocation. The recent drop made me take a look at my AA to determine whether it’s what I desire. What I’ve learned from the recent drop is I may be too aggressive with my AA. Now I’m...
by gator15
Fri Dec 21, 2018 7:41 pm
Forum: Investing - Theory, News & General
Topic: When did the musicians on the titanic realize their fate?
Replies: 132
Views: 10253

Re: When did the musicians on the titanic realize their fate?

For the last 17 years I’ve just thrown money at my various investment accounts without thinking much about my asset allocation. The recent drop made me take a look at my AA to determine whether it’s what I desire. What I’ve learned from the recent drop is I may be too aggressive with my AA. Now I’m ...
by gator15
Mon Dec 17, 2018 8:29 pm
Forum: Personal Finance (Not Investing)
Topic: Military-Advice Needed
Replies: 13
Views: 1519

Re: Military-Advice Needed

All, Thanks for the feedback so far. To answer some of your questions, I don't have to worry about another PCS. My current location is where I will remain and I stay here after retirement as well. Also, throughout my career I've documented any medical ailments. Last, I don't have to worry about any ...
by gator15
Sun Dec 16, 2018 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: Military-Advice Needed
Replies: 13
Views: 1519

Military-Advice Needed

All, I need some feedback. Here is my background. I’m in the military and I’m about 5 years out from being eligible for a pension. At this point, I intend to finish my military career at the 20 year mark. Afterwards, I’m not sure if I want to take on another career. I want the option to work part-ti...
by gator15
Sat Dec 15, 2018 4:30 pm
Forum: Personal Consumer Issues
Topic: Favorite Purchase of 2018?
Replies: 255
Views: 20477

Re: Favorite Purchase of 2018?

I haven't purchased the iPhone 8, but intend to this weekend which will likely be my favorite purchase. I currently have an iPhone 5 with 16MB. Tried to keep it for as long possible, but it's lack of storage has become annoying.
by gator15
Tue Dec 11, 2018 10:04 pm
Forum: Investing - Theory, News & General
Topic: What Happened to you during the Financial crisis of 2007–2008
Replies: 249
Views: 21455

Re: What Happened to you during the Financial crisis of 2007–2008

In the 2008, I had every reason to panic sell, but didn't because it felt like I was losing money to quickly to sell. I reached a point where I said I should just ride this out. That year, I had just reached a six figure amount in savings and I saw it cut in half in no time. That year, I left a stab...
by gator15
Thu Nov 29, 2018 10:28 pm
Forum: Personal Consumer Issues
Topic: How do value the cost of commuting?
Replies: 54
Views: 3611

Re: How do value the cost of commuting?

I'm commuting over 3 hours a day to work. Have been for 18 months now. Don't do it. It's soul crushing. I would gladly take a pay cut to have a shorter commute. You don't realize how much a commute like that affects your life. You are always tired and in my case grumpy. My workout regimen changed. M...
by gator15
Sun Nov 25, 2018 10:45 pm
Forum: Personal Consumer Issues
Topic: Name something you had to have and now you regret purchasing it?
Replies: 505
Views: 65025

Re: Name something you had to have and now you regret purchasing it?

Snowboarding boots. Bought them too small but convinced myself they needed to be tight so I performed better on a snowboard. Finally relenting this year and purchasing new boots.
by gator15
Sun Nov 25, 2018 1:09 pm
Forum: Personal Consumer Issues
Topic: What’s your “barometer” for luxury purchases?
Replies: 72
Views: 5683

Re: What’s your “barometer” for luxury purchases?

Not sure if this answers the question, but through trial and error I've learned that my barometer is based on happiness. Meaning will that product or experience improve my life or happiness and not bring a level of stress with it. As an example, I've had what so my consider luxury cars in the past a...
by gator15
Sat Nov 17, 2018 9:20 am
Forum: Personal Consumer Issues
Topic: Need advice on (2) jackets.
Replies: 32
Views: 2716

Re: Need advice on (2) jackets.

Let’s be honest, whether you get a Canada Goose jacket, Patagonia, Arcteryx or any other expensive coat they are all some form of status symbols and can be interpreted as flaunting wealth or whatever based on who sees you in the jacket. Whether you are buying the jacket for warmth or style its your ...
by gator15
Sun Nov 11, 2018 9:31 pm
Forum: Personal Consumer Issues
Topic: 20th Anniversary vacation ideas wanted
Replies: 29
Views: 2032

Re: 20th Anniversary vacation ideas wanted

Fiji if you want R&R. Queenstown,NZ for adventure
by gator15
Sat Nov 03, 2018 4:42 am
Forum: Personal Finance (Not Investing)
Topic: Should I keep the Mazda or the Lexus?
Replies: 10
Views: 1176

Re: Should I keep the Mazda or the Lexus?

I own a CT200 and the only positive is the mpg. Easily the worse car I’ve own. Sits very low to the ground, lacks horsepower and isn’t a fun car to drive. If you looking to get from point a to b only with good mpg you have your car. Otherwise don’t purchase. Bought mine because I commute to work 150...
by gator15
Sun Oct 28, 2018 10:18 pm
Forum: Personal Consumer Issues
Topic: Just Moved. Furnishing Apartment. Beanbag recommendations
Replies: 19
Views: 1724

Re: Just Moved. Furnishing Apartment. Beanbag recommendations

Get a love sac. I purchased mine 15 yrs ago when I was single and young. I still own it and it sits in our family room in the basement. They are pricey though
by gator15
Mon Oct 22, 2018 5:53 pm
Forum: Personal Consumer Issues
Topic: Canada Goose Jacket
Replies: 57
Views: 4686

Re: Canada Goose Jacket

Bought one a couple of years ago. Excellent jacket and certainly warm. Use it mostly when I'm in the mountains skiing.
by gator15
Wed Oct 17, 2018 10:34 pm
Forum: Personal Finance (Not Investing)
Topic: Masters Degree Advice
Replies: 25
Views: 2568

Re: Masters Degree Advice

I have a friend who has a bachelors in systems engineering and a masters in space systems engineering. He earns in the $150k range. I don’t get the sense if has reached the ceiling in earning potential nor promotion potential
by gator15
Sun Sep 30, 2018 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Now or Wait
Replies: 18
Views: 1740

Re: Retirement Now or Wait

You have 40x expenses. I would have retired yesterday.
by gator15
Sun Sep 30, 2018 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Now or Wait
Replies: 18
Views: 1740

Re: Retirement Now or Wait

You have 40x expenses. I would have retired yesterday.
by gator15
Wed Sep 19, 2018 4:53 am
Forum: Personal Consumer Issues
Topic: What is your single most expensive mistake?
Replies: 293
Views: 26588

Re: What is your single most expensive mistake?

Pretty sure I’m making the single biggest mistake of my life right now. Only time will tell.
by gator15
Sat Sep 15, 2018 6:41 pm
Forum: Personal Consumer Issues
Topic: That Extravagant Thing You Do
Replies: 411
Views: 59611

Re: What is your luxury good?

Monthly massages for the wife and I.
by gator15
Sat Sep 08, 2018 5:57 am
Forum: Personal Consumer Issues
Topic: Your Favorite [Travel Destination] on Earth: Where and Why?
Replies: 155
Views: 17199

Re: Your Favorite [Travel Destination] on Earth: Where and Why?

Went to New Zealand in 2008. Drove from Christchurch to Queenstown. Really enjoyed the trip, especially Queenstown which is the adventure capital of the world. Being an adrenaline junky at the time, really enjoyed sky diving, buggy jumping and acrobatic plane rides. Its also beautiful there
by gator15
Wed Aug 15, 2018 10:32 am
Forum: Personal Consumer Issues
Topic: Adult piggy bank
Replies: 54
Views: 5008

Re: Adult piggy bank

I have a piggy bank where I keep change. Takes about two years to fill. Use the money buy a cool gadget or fund an experience. Also use the Acorns. Used the money saved in acorns to fund a trip to Miami earlier this year. It will also fund my next trip.
by gator15
Sun Aug 12, 2018 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: how much car can we afford?
Replies: 130
Views: 7057

Re: how much car can we afford?

With your income and net worth I would be comfortable spending no more than $55k. The BMW you want is certainly within that range.
by gator15
Mon Jul 30, 2018 6:05 am
Forum: Personal Finance (Not Investing)
Topic: Air Conditioning? [How to finance?]
Replies: 76
Views: 5510

Re: Air Conditioning? [How to finance?]

Have Home Depot install the AC. They offer 0% interest for 24 months.
by gator15
Wed Jul 11, 2018 8:42 pm
Forum: Personal Consumer Issues
Topic: Relocation to Atlanta
Replies: 16
Views: 1950

Re: Relocation to Atlanta

Never lived there but always heard great things about Peachtree City when I lived in Atlanta.
by gator15
Wed Jul 11, 2018 8:42 pm
Forum: Personal Consumer Issues
Topic: Relocation to Atlanta
Replies: 16
Views: 1950

Re: Relocation to Atlanta

Never lived there but always heard great things about Peachtree City when I lived in Atlanta.
by gator15
Fri Jun 22, 2018 7:20 pm
Forum: Personal Consumer Issues
Topic: Did you celebrate when you finally hit $1m?
Replies: 209
Views: 23006

Re: Did you celebrate when you finally hit $1m?

I go to Vegas when I hit milestones. One of my favorite places in the world. Waiting for the next milestone so I have another reason to go.
by gator15
Thu Jun 21, 2018 6:44 pm
Forum: Personal Finance (Not Investing)
Topic: What is/ was your career and would you recommend it now?
Replies: 482
Views: 52170

Re: What is/ was your career and would you recommend it now?

HR and no. Would go into tech if I could do it again.
by gator15
Sat Jun 09, 2018 7:03 am
Forum: Personal Finance (Not Investing)
Topic: Best Advice You Never Took
Replies: 100
Views: 15183

Re: Best Advice You Never Took

Wife tells me I need to stretch more. She’s been telling me this for 10 years now. I should probably listen as I have no flexibility.
by gator15
Wed May 30, 2018 10:22 pm
Forum: Personal Finance (Not Investing)
Topic: Pueblo, CO area places to live
Replies: 12
Views: 1576

Re: Pueblo, CO area places to live

Live in Colorado Springs. Manitou Springs and the Colorado College area are fine as mentioned earlier. Broadmoor is were I would live but I’m not sure your budget will get you there. Northwest near the Air Force Academy is also nice. Peyton gets you more bang for your buck. Many move there for that ...
by gator15
Mon May 28, 2018 9:48 pm
Forum: Personal Consumer Issues
Topic: Splurging on the NBA finals
Replies: 56
Views: 5661

Re: Splurging on the NBA finals

I wouldn’t go unless I had good seats. For me that’s club level or lower. I wouldn’t worry about the price if you can afford. I’ve never regretted splurging on tickets. I paid about the price you mentioned for Masters tix a few years ago. Great experience
by gator15
Mon May 28, 2018 6:29 pm
Forum: Personal Consumer Issues
Topic: Help Buying Mens Shoes for Work and Dating
Replies: 97
Views: 9807

Re: Help Buying Mens Shoes for Work and Dating

Unrelated to the topic but since you are talking about work and dating, if you decide to tuck your shirt into your pants please wear a belt. It looks better. Often see violators of this rule.