Search found 453 matches

by CoAndy
Tue Nov 14, 2017 10:11 am
Forum: Personal Finance (Not Investing)
Topic: 35 yr-old doc needs some wisdom
Replies: 49
Views: 10799

Re: 35 yr-old doc needs some wisdom

Thanks for the update OP. Did you pay off your student loans? I am assuming so since they are not listed. Great job!
by CoAndy
Fri Nov 10, 2017 11:29 am
Forum: Personal Finance (Not Investing)
Topic: Why make more money?
Replies: 134
Views: 12878

Re: Why make more money?

What do you mean when you say people who retire early are subsidized by those who continue to work? I was speaking in terms of the MMM followers who retire very young and claim to live and raise children on $30K to $40K a year in total expenditure. I pay $25K a year in health insurance alone for a ...
by CoAndy
Tue Nov 07, 2017 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: Disposable income... how?
Replies: 106
Views: 9636

Re: Disposable income... how?

Stop keeping up with the Joneses! They're broke! Some people define "Can I afford this?" differently. - Can I afford the monthly payments on my credit card? - Can I pay off the credit card within the month? - Can I pay it in cash without putting it on my credit card? - Can I pay for it in cash afte...
by CoAndy
Thu Oct 19, 2017 3:16 pm
Forum: Investing - Help with Personal Investments
Topic: Help me evaluate my finances pls! - 23 years old
Replies: 8
Views: 902

Re: Help me evaluate my finances pls! - 23 years old

I think everything looks pretty good except the $700 a month food budget. I would at the very least, cut that down to $400 (which is still a lot for one person). If you do that, you can greatly increase your 401(k) contribution.
by CoAndy
Mon Oct 16, 2017 4:42 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 2648
Views: 849905

Re: What Book Are You Currently Reading? Part VI

Recently finished: 1. Supreme Justice by Phillip Margolin Brad Miller and Dana Cutler series, Book 2 Brad is clerking for a Justice on the Supreme Court who is the victim of an assassination attempt. The hit appeared related to a death row case in Oregon and a "ghost ship" tied to TLA (three-letter...
by CoAndy
Mon Oct 16, 2017 4:33 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 2648
Views: 849905

Re: What Book Are You Currently Reading? Part VI

"The Strange Death of Europe" by Douglas Murray.
by CoAndy
Sun Oct 15, 2017 12:03 pm
Forum: Personal Consumer Issues
Topic: What are you driving? And would you buy your current ride again?
Replies: 130
Views: 7262

Re: What are you driving? And would you buy your current ride again?

I have a 2012 Honda Accord with 67k miles. It has been 100% problem free (except for the annoying TPM light that comes on when it gets below 30 degrees, which happens a lot here). While I would absolutely buy it again, I probably wont buy another because I have a need for speed that this car does no...
by CoAndy
Fri Oct 13, 2017 5:41 pm
Forum: Personal Consumer Issues
Topic: How many miles/years do you keep your car?
Replies: 108
Views: 7434

Re: How many miles/years do you keep your car?

I bought my 2012 Honda Accord in November 2011. Currently have 67k problem free miles. I would love to get something a bit sportier but can't get past the foolishness of doing that right now. I will drive this car 4 more years and then get something really nice. Though there is a part of me that wou...
by CoAndy
Thu Oct 05, 2017 1:42 pm
Forum: Investing - Help with Personal Investments
Topic: Where do you think the money will come from to move the overall market higher?
Replies: 31
Views: 2323

Re: Where do you think the money will come from to move the overall market higher?

I wonder about this too, although for a slightly different reason. Total student loan debt in this country: $1,400,000,000,000.00 Total credit card debt in this country: $1,000,000,000,000.00 Total auto loan debt in this country: $1,000,000,000,000.00 And all are growing. This can't possibly end wel...
by CoAndy
Fri Sep 29, 2017 10:57 am
Forum: Personal Finance (Not Investing)
Topic: Weird, meaningless, but fun net worth threshold!
Replies: 13
Views: 2695

Re: Weird, meaningless, but fun net worth threshold!

Great job! Keep plugging away.

I am looking forward to a weird milestone as well and that is when my 401(k) balance exceeds my mortgage balance. That day is coming soon!
by CoAndy
Fri Sep 29, 2017 10:55 am
Forum: Personal Finance (Not Investing)
Topic: Can we afford this house? ("Small Law" edition)
Replies: 19
Views: 2383

Re: Can we afford this house? ("Small Law" edition)

I thought you would be just fine until I saw those $1,200 a month in property taxes. That made my spider sense tingle.
by CoAndy
Wed Sep 27, 2017 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: My boneheaded financial mistakes
Replies: 77
Views: 9905

Re: My boneheaded financial mistakes

Panicking and selling and missing out on some great gains following the last recession.

Marrying a complete disaster of a woman.

Spending too much on frivolous purchases.

Luckily, the ship has been righted. 8-)
by CoAndy
Wed Sep 20, 2017 12:56 pm
Forum: Personal Consumer Issues
Topic: How much do you spend on "entertainment"?
Replies: 50
Views: 3550

Re: How much do you spend on "entertainment"?

OP, what about getting a couple six packs and having a few friends over and relax on your deck or patio? That would be way less expensive. Personally, my entertainment money is spent on a movie about once a month, going out to eat a few times, and purchasing a couple cigars and many alcoholic bevera...
by CoAndy
Wed Sep 20, 2017 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: The Magic of Savings Rate
Replies: 97
Views: 11225

Re: The Magic of Savings Rate

I have been perusing the earlyretirementextreme.com forum lately an have read about many people that reduce their expenses dramatically (by ditching their car, getting a roommate, living in a van or storage unit) and then increasing their savings rate to 50-70%. As most don't have families and almos...
by CoAndy
Thu Sep 07, 2017 2:13 pm
Forum: Personal Consumer Issues
Topic: Flaunt Your High-Mileage Car
Replies: 350
Views: 40531

Re: Flaunt Your High-Mileage Car

Thought I would bring this thread back to life so see some new inspiring high mileage vehicles!

2012 Honda Accord. 66k miles. 100% trouble free to date...
by CoAndy
Thu Sep 07, 2017 8:54 am
Forum: Personal Finance (Not Investing)
Topic: For those planning early retirement....
Replies: 67
Views: 8931

Re: For those planning early retirement....

I am mostly looking forward to things that either don't cost anything or have minimal costs. Sleeping in, long workouts, hikes with the dog, long leisurely breakfasts, reading, sampling new coffees, beers and cigars, camping, and of course some traveling.
by CoAndy
Wed Sep 06, 2017 9:02 am
Forum: Personal Finance (Not Investing)
Topic: What is the main purpose of holding your current job?
Replies: 66
Views: 5833

Re: What is the main purpose of holding your current job?

"Because I can't sing or dance". Rocky Balboa
by CoAndy
Tue Aug 22, 2017 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: I did it and feel great about it (paid off mortgage)
Replies: 53
Views: 5983

Re: I did it and feel great about it (paid off mortgage)

Congratulations! I am sending a whopping $150 every month extra to my mortgage principal balance. I can't wait to be in your shoes!
by CoAndy
Tue Aug 22, 2017 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: 12 Things Not to Do if You Win the Lottery
Replies: 9
Views: 2032

Re: 12 Things Not to Do if You Win the Lottery

I have read many stories on windfalls being absolutely squandered. I find it mind boggling.
by CoAndy
Sun Aug 20, 2017 10:27 am
Forum: Investing - Help with Personal Investments
Topic: please help...am I overextended - first home
Replies: 78
Views: 7148

Re: please help...am I overextended - first home

Did you make a decision? Don't leave us hanging. :happy I spoke with my realtor today. She is encouraging me to go through with the inspection (she even offered to split it with me but I can't let her do that). I am planning on staying where I currently am and save some money. I got such great feed...
by CoAndy
Tue Aug 08, 2017 6:14 pm
Forum: Investing - Theory, News & General
Topic: news yesterday that Buffett has $100,000,000,000 in cash now
Replies: 65
Views: 9193

Re: news yesterday that Buffett has $100,000,000,000 in cash now

Maybe he`s trying to save enough money to pay off the national debt ? If so , he still has a way to go. BRK could service the US Federal deficit for 82 days before they were completely out of cash. In other words, the National debt would stay constant at it's current ~$20,000,000,000,000 level for ...
by CoAndy
Tue Aug 08, 2017 1:37 pm
Forum: Investing - Theory, News & General
Topic: news yesterday that Buffett has $100,000,000,000 in cash now
Replies: 65
Views: 9193

Re: news yesterday that Buffett has 100,000,000,000 in cash now

Well, that's what you get for reading drudgereport - "news" that is almost entirely wrong. I forget, what's the reasoning on why Buffett doesn't pay dividends? Actually, the drudgereport was entirely right. The OP was wrong in saying it was Buffet holding the $100 billion and not Berkshire Hathaway...
by CoAndy
Tue Aug 08, 2017 1:05 pm
Forum: Investing - Theory, News & General
Topic: news yesterday that Buffett has $100,000,000,000 in cash now
Replies: 65
Views: 9193

Re: news yesterday that Buffett has 100,000,000,000 in cash now

Well, that's what you get for reading drudgereport - "news" that is almost entirely wrong. I forget, what's the reasoning on why Buffett doesn't pay dividends? Actually, the drudgereport was entirely right. The OP was wrong in saying it was Buffet holding the $100 billion and not Berkshire Hathaway.
by CoAndy
Mon Aug 07, 2017 9:30 am
Forum: Personal Finance (Not Investing)
Topic: financial planning for purchasing "forever home" in a few years
Replies: 5
Views: 715

Re: financial planning for purchasing "forever home" in a few years

I agree that you might be looking at homes a bit too pricey. That being said, the fact that you are looking to have kids, buy a new car, and upgrade your house in a few years, I would not pay extra on the mortgage. I would simply stash as much cash as possible in an Ally savings account, which is ea...
by CoAndy
Thu Aug 03, 2017 9:36 am
Forum: Investing - Help with Personal Investments
Topic: Burned out at 28. Do I have enough?
Replies: 62
Views: 10255

Re: Burned out at 28. Do I have enough?

OP, out of curiosity, how much are you able to save and invest every year in your current role?
by CoAndy
Wed Aug 02, 2017 10:10 am
Forum: Personal Finance (Not Investing)
Topic: The age old debate 30 vs 15 [year mortgage rate]
Replies: 41
Views: 5187

Re: The age old debate 30 vs 15 [year mortgage rate]

I think it's very risky to be purchasing a home for a 3-5 year time frame. Even if your company is paying for certain things, the market could drop by 50% or more and you'll be under water. It's happened before and could happen again. I would rent if I were you. You'll avoid a lot of risk and have ...
by CoAndy
Wed Aug 02, 2017 10:06 am
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 276
Views: 25943

Re: How much money do you need to retire?

Currently 46.

Looking to retire when the house is paid off, both pensions secured, $500,000 in 401(k), and $100,000 in a CD. Aiming for age 55.
by CoAndy
Tue Aug 01, 2017 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement savings sufficient to justify home renovations?
Replies: 17
Views: 1941

Re: Retirement savings sufficient to justify home renovations?

It looks to me like you're doing very well. Enjoy the renovations!
by CoAndy
Tue Aug 01, 2017 2:48 pm
Forum: Investing - Help with Personal Investments
Topic: Shall I just leave my investment alone?
Replies: 10
Views: 965

Re: Shall I just leave my investment alone?

With the way the market has gone the last several years, I would not be all that comfortable with that allocation. At the very least, I would change my future contributions to 70/30.
by CoAndy
Fri Jul 14, 2017 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: Finance Q for those that have gone through Divorce
Replies: 38
Views: 3457

Re: Finance Q for those that have gone through Divorce

OP I went through a divorce in Colorado five years ago. A couple thoughts...Is your wife aware this is coming? If not, brace yourself. If you two can agree on everything yourselves, then lawyers are not needed. I got one and in the end, I view it as totally wasting $7,000. In regard to child support...
by CoAndy
Fri Jul 14, 2017 9:18 am
Forum: Personal Finance (Not Investing)
Topic: When to max out 401k (Aspiring Early Retiree)
Replies: 89
Views: 5470

Re: When to max out 401k (Aspiring Early Retiree)

OP, while you are still living with your folks, why not try maxing out your 401(k) for a few paychecks and see how it goes? You can always dial it back down if needed. If you get paid every two weeks (26 paychecks a year), adjust your contributions to $692.30 per paycheck and forget about it for a w...
by CoAndy
Fri Jul 07, 2017 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: Any widower with young kids thinking about retirement?
Replies: 17
Views: 2044

Re: Any widower with young kids thinking about retirement?

I believe I would work for at least a few more years to shore up everything. With those young kids I would want to be in a stronger place financially. Sorry for your loss and good luck to you.
by CoAndy
Wed Jul 05, 2017 9:37 am
Forum: Personal Finance (Not Investing)
Topic: Seeking advice on 1.2m (now 900K) house purchase
Replies: 188
Views: 13022

Re: Seeking advice on 1.2m house purchase

I strongly recommend against doing this.
by CoAndy
Thu Jun 29, 2017 9:11 am
Forum: Personal Finance (Not Investing)
Topic: Friend trades in cars every 2 years, but hates leasing
Replies: 17
Views: 1977

Re: Friend trades in cars every 2 years, but hates leasing

Why does he turn his nose up at leasing? What are his objections to it?
by CoAndy
Thu Jun 29, 2017 9:04 am
Forum: Investing - Help with Personal Investments
Topic: Can I retire now?
Replies: 10
Views: 2085

Re: Can I retire now?

How long does your wife want to keep working? As long as she continues her employment for the next several years, you should be able to retire today. Might want to look into paying the mortgage down with some of that cash sitting around.
by CoAndy
Tue Jun 27, 2017 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: Middle age job blues
Replies: 86
Views: 9542

Re: Middle age job blues

What are your annual expenses? With $2M in savings, you might be able to pull the plug permanently or you might be very close.
by CoAndy
Tue Jun 27, 2017 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Unexpected raise while househunting-- should I change my budget?
Replies: 21
Views: 2733

Re: Unexpected raise while househunting-- should I change my budget?

I would not increase your housing budget. I would keep it where it is and in regard to your raise, I would invest half of it for retirement, and use the other half on lifestyle upgrading.
by CoAndy
Tue Jun 27, 2017 1:05 pm
Forum: Investing - Help with Personal Investments
Topic: co-worker wants to pull out pension
Replies: 40
Views: 4071

Re: co-worker wants to pull out pension

Not a good idea. At all.
by CoAndy
Wed Jun 07, 2017 3:47 pm
Forum: Investing - Help with Personal Investments
Topic: New and want your guidance
Replies: 5
Views: 450

Re: New and want your guidance

My simple reply would be to finish paying off the credit card debt and then tackling the HELOC with as much focus as possible. Once that is gone, you could boost your EF up to, say, about $8,000 or so dollars and then increase your investments each month with the money you are not sending to the cre...
by CoAndy
Wed Jun 07, 2017 3:43 pm
Forum: Personal Consumer Issues
Topic: Dave Ramsey Financial Peace University ??? worth it?
Replies: 120
Views: 9411

Re: Dave Ramsey Financial Peace University ??? worth it?

It surprises me how much some people on this board hate Dave Ramsey. I don't agree with everything he says and I don't think anyone should. However, for the majority of people his message of getting out of debt, following a budget, and planning for the future with college and retirement savings is ...
by CoAndy
Thu Jun 01, 2017 9:34 am
Forum: Personal Finance (Not Investing)
Topic: Relative just bought a house in a hot market. Should I change my investment strategy?
Replies: 53
Views: 5715

Re: Relative just bought a house in a hot market. Should I change my investment strategy?

At a recent family gathering, a relative mentioned that they bought a house a couple months ago, and it's already gone up in value 20% according to Zillow. And I also know another relative whose house has tripled in value in five years. I've always invested in the stock market rather than housing, ...
by CoAndy
Tue May 30, 2017 9:53 am
Forum: Investing - Help with Personal Investments
Topic: I admit, I give up [need strategy for getting back in]
Replies: 33
Views: 5655

Re: I admit, I give up [need strategy for getting back in]

I would pay off the house and put the rest into a 3 fund portfolio with whatever asset allocation you desire. In my 30s I was 100% in the stock market and did not add bond funds until a few years prior to retirement. It is a big mistake to get out of the market when you are young. It is a big mista...
by CoAndy
Tue May 30, 2017 9:49 am
Forum: Investing - Help with Personal Investments
Topic: Maximize tax-efficient accounts before debt payment?
Replies: 22
Views: 1783

Re: Maximize tax-efficient accounts before debt payment?

I would not even worry about investing beyond any company match at this point. I would just cut huge checks every month to that debt. It would be nice if you could live off your wife's 460k salary and throw 100% of your salary at this debt. You could be debt free in 4-5 years.
by CoAndy
Wed May 24, 2017 9:00 am
Forum: Personal Finance (Not Investing)
Topic: i am my own "guy," but not sure I should advertise that
Replies: 107
Views: 15038

Re: i am my own "guy," but not sure I should advertise that

I usually keep my mouth shut unless asked. Though often it is hard as I am surrounded by folks making disastrous financial decisions almost all the time. Example: A few days ago, I was talking to a co-worker. His truck payment is $735 a month. His 401(k) contribution is 3%. He rents an apartment and...
by CoAndy
Mon May 22, 2017 2:26 pm
Forum: Personal Consumer Issues
Topic: What to do w/ $60k Lump Sum?
Replies: 33
Views: 2817

Re: What to do w/ $60k Lump Sum?

I would pay off the entire student loan and throw the remaining $15k to your mortgage, bringing your end of PMI date that much closer.
by CoAndy
Mon May 22, 2017 9:09 am
Forum: Personal Consumer Issues
Topic: Has anyone tried Orangetheory Fitness
Replies: 45
Views: 4859

Re: Has anyone tried Orangetheory Fitness

I have done several workouts there. I really enjoyed them. They were sort of a blend between Cross Fit and weight training, high interval training, etc. Very motivating format.
by CoAndy
Fri May 19, 2017 8:49 am
Forum: Investing - Help with Personal Investments
Topic: At what age... [do you change investments]
Replies: 13
Views: 742

Re: At what age...

Those Target Retirement Funds do all the "moving for you". When you get a chance, pull up Morningstar or go to Vanguards web site and look at the asset allocations of the various Target date Funds. You will see they increase bond holdings as you get closer to the date and decrease equity exposure.
by CoAndy
Thu May 18, 2017 12:46 pm
Forum: Investing - Help with Personal Investments
Topic: Life's big ticket items to save for
Replies: 37
Views: 3614

Re: Life's big ticket items to save for

I think, depending on where you are financially, you should lay the solid foundations right now. In other words, invest at least 15% into your 401(k) (or other retirement account), pay off any consumer debt you may have, build up a good emergency fund, and then maybe from there, just start stashing ...
by CoAndy
Thu May 18, 2017 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Learning how to spend
Replies: 27
Views: 3010

Re: Learning how to spend

I would spend some money on something you enjoy. Do you like traveling? Would you enjoy some upgrades to your house? A Corvette is a great way to spend some money and an unbelievable kick to drive. If you reduced your savings rate down to 20% (still very respectable), enjoy the rest. Enjoy your life...
by CoAndy
Tue May 16, 2017 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Low interest loan to pay off mortgage
Replies: 6
Views: 517

Re: Low interest loan to pay off mortgage

Not sure how low of an interest rate you can get on an unsecured personal loan. Are you talking a personal loan from a friend or family member?