Search found 1513 matches

by EnjoyIt
Mon Jul 30, 2018 12:42 am
Forum: Personal Finance (Not Investing)
Topic: Soc Sec benefit estimates: Anyone get a nasty surprise when filing?
Replies: 61
Views: 7691

Re: Soc Sec benefit estimates: Anyone get a nasty surprise when filing?

Here is a nice excel spreadsheet created by Physician on Fire that will let you know where you stand today.
https://www.physicianonfire.com/calculators/ssa/
by EnjoyIt
Sun Jul 29, 2018 10:29 pm
Forum: Personal Consumer Issues
Topic: Home Theater vs. Soundbar
Replies: 67
Views: 5516

Re: Home Theater vs. Soundbar

Personally I would choose wires and good sound over simplicity and a sound bar any day of the week. Sound quality is the most important aspect to envelop you into the action. A sound bar will never compare. We have a dedicated theater room with a 5.1 surround setup and a projector. Watching movies ...
by EnjoyIt
Sun Jul 29, 2018 6:07 pm
Forum: Personal Consumer Issues
Topic: Flooring: Hard wood vs Ceramic Tile that looks like wood
Replies: 26
Views: 2556

Re: Flooring: Hard wood vs Ceramic Tile that looks like wood

I have replaced old hardwood with wide ceramic planks that look like wood, and am happy with it. However, my decision was driven on very specific circumstances. The old hardwood had sustained water damage, from water seeping near the French doors to the back porch. Never found the water or but the ...
by EnjoyIt
Sun Jul 29, 2018 6:05 pm
Forum: Personal Consumer Issues
Topic: Home Theater vs. Soundbar
Replies: 67
Views: 5516

Re: Home Theater vs. Soundbar

Personally I would choose wires and good sound over simplicity and a sound bar any day of the week. Sound quality is the most important aspect to envelop you into the action. A sound bar will never compare. We have a dedicated theater room with a 5.1 surround setup and a projector. Watching movies ...
by EnjoyIt
Sat Jul 28, 2018 12:15 pm
Forum: Personal Consumer Issues
Topic: Flooring: Hard wood vs Ceramic Tile that looks like wood
Replies: 26
Views: 2556

Re: Flooring: Hard wood vs Ceramic Tile that looks like wood

Thanks everyone who responded. I appreciate everyone's experience and shared opinions.

For those that have engineered wood, has anyone had damage to it via water left unwipped or scuffing that irritated you and required repair? How hard or bad was the repair?
by EnjoyIt
Sat Jul 28, 2018 12:03 pm
Forum: Personal Consumer Issues
Topic: Home Theater vs. Soundbar
Replies: 67
Views: 5516

Re: Home Theater vs. Soundbar

Personally I would choose wires and good sound over simplicity and a sound bar any day of the week. Sound quality is the most important aspect to envelop you into the action. A sound bar will never compare. We have a dedicated theater room with a 5.1 surround setup and a projector. Watching movies i...
by EnjoyIt
Wed Jul 25, 2018 8:51 pm
Forum: Personal Consumer Issues
Topic: Flooring: Hard wood vs Ceramic Tile that looks like wood
Replies: 26
Views: 2556

Flooring: Hard wood vs Ceramic Tile that looks like wood

As the title says. We are looking to replace the flooring of several highly trafficked areas of the house with either engineered wood or with ceramic tiles that look like wood. The flooring must hold up to traffic by animals, kids, and people. I figure that wood is wood which will always look better...
by EnjoyIt
Mon Jul 23, 2018 10:55 am
Forum: Personal Finance (Not Investing)
Topic: Am I crazy to pay off my 30-yr fixed 3.625 mortgage?
Replies: 139
Views: 17380

Re: Am I crazy to pay off my 30-yr fixed 3.625 mortgage?

It's kind of fun to NEVER have to worry about the pay off debt or invest question again. Although I guess there is always the question of "should I borrow to buy this or just pay cash for it." I often wonder why more folks don't suggest saving beforehand in order to pay cash for their home, rather ...
by EnjoyIt
Mon Jul 23, 2018 8:48 am
Forum: Personal Finance (Not Investing)
Topic: Salary vs. Lifestyle
Replies: 142
Views: 17062

Re: Salary vs. Lifestyle

But the way companies and other organizations operate, job satisfaction increases up the salary ladder and stress increases down the ladder. Victoria I have found that to be my experience. Down the ladder, you are the ping pong ball. Up the ladder you are the paddle. Which would you rather be? I th...
by EnjoyIt
Mon Jul 23, 2018 8:41 am
Forum: Personal Finance (Not Investing)
Topic: Salary vs. Lifestyle
Replies: 142
Views: 17062

Re: Salary vs. Lifestyle

There is always more. You can always find ways to spend more money on just about anything. At some point you need to realize that spending more doesn't provide any real value to one's life so why look to earn more? Sure if you make $30k a year and you go up to $80k that is a big deal. But if you ma...
by EnjoyIt
Sun Jul 22, 2018 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Salary vs. Lifestyle
Replies: 142
Views: 17062

Re: Salary vs. Lifestyle

There is always more. You can always find ways to spend more money on just about anything. At some point you need to realize that spending more doesn't provide any real value to one's life so why look to earn more? Sure if you make $30k a year and you go up to $80k that is a big deal. But if you mak...
by EnjoyIt
Fri Jul 20, 2018 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: Salary vs. Lifestyle
Replies: 142
Views: 17062

Re: Salary vs. Lifestyle

Everybody I know that has had higher salary has figured out a way to enjoy life while earning a higher salary. I think much of the pain now stuff is just talk to make the wealthy feel more normal and not get hassled by the less well off. Excellent points. Victoria I don't understand the points. Can...
by EnjoyIt
Fri Jul 20, 2018 11:32 am
Forum: Personal Finance (Not Investing)
Topic: Salary vs. Lifestyle
Replies: 142
Views: 17062

Re: Salary vs. Lifestyle

The amount of money one needs is very personal because a family can be very happy living on $50k/yr or $100k/yr while I also see families making $500k+/yr and just can't be happy. Reality is that most of the crap we buy purchases very little happiness and many of us are willing to sacrifice a lot of...
by EnjoyIt
Mon Jul 09, 2018 8:54 pm
Forum: Personal Finance (Not Investing)
Topic: Should I take a $60k paycut to work 4days/week
Replies: 58
Views: 5464

Re: Should I take a $60k paycut to work 4days/week

I think you need to ask yourself a much larger question. What do you need money for? Are you looking for a lavish lifestyle? Big huge house, nice cars first class vacations? What makes you happy and what is the best use of your money? The reality is that you make a very good income at $200k, $300k a...
by EnjoyIt
Wed Jul 04, 2018 4:30 pm
Forum: Investing - Help with Personal Investments
Topic: Bitcoin Futures?
Replies: 18
Views: 1322

Re: Bitcoin Futures?

This is not investing this is gambling. You are guessing what the bitcoin market will do based on potential patterns. it is no different than using astrology.

You want to gamble then do so in Vegas or at the very least no more than 5% of your net worth.
by EnjoyIt
Wed Jul 04, 2018 3:53 pm
Forum: Investing - Help with Personal Investments
Topic: Anxiety Spending Money
Replies: 52
Views: 5396

Re: Anxiety Spending Money

You have some awesome advice up there and I just want to reiterate a few items I think are very important: Create a budget for all those items including a monthly food budget. Do not go hungry it will actually cost you more in the long run either through decreased productivity or health reasons by n...
by EnjoyIt
Tue Jun 19, 2018 7:54 pm
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000?
Replies: 1115
Views: 271888

Re: Best watch for around $5,000?

I get it, this is jewelry and art. Once you make it that comparison I can understand the choice much better and can appreciate someone owning something pretty. What bugs me about these hand made timepieces is that they require more time and money to own and I hate having things that own me. Things t...
by EnjoyIt
Tue Jun 19, 2018 7:14 pm
Forum: Investing - Help with Personal Investments
Topic: Yikes! EX-hubby died and left me and four children money
Replies: 5
Views: 2603

Re: Yikes! EX-hubby died and left me and four children money

BEST advice I can give you is to take your time. There is no rush. Even if the money just sits in a money market fund for a year collecting 1-1.5% interest that is way better than rushing and making a mistake. Read the Wiki above, take your time ask questions and then make a decision. Also, your com...
by EnjoyIt
Tue Jun 19, 2018 11:43 am
Forum: Personal Consumer Issues
Topic: How much car to buy reasonably?
Replies: 86
Views: 5437

Re: How much car to buy reasonably?

May I give you a bit of a different discussion. I get where you are coming from. You make good money, and have been saving it for years to create the wealth that you have. Spending it frivolously on something so silly as a fancy car just seams down right stupid because any car gets you from A to B. ...
by EnjoyIt
Thu Jun 14, 2018 10:14 pm
Forum: Personal Consumer Issues
Topic: Can we discuss whisk?
Replies: 29
Views: 3060

Re: Can we discuss whisk?

freebeer wrote:
Mon Jun 11, 2018 8:26 pm
Lagavulin
Whisk and not whiskey. Lagavulin 16 year is my favorite Islay
by EnjoyIt
Mon Jun 11, 2018 1:21 pm
Forum: Investing - Theory, News & General
Topic: Early retirement pros and cons:
Replies: 78
Views: 10400

Re: Early retirement pros and cons:

I early retired over 15 years ago when I reached 40 (had reached FI several years prior). Have not had a dull moment since. It is all up to your own ability to be creative and take on opportunities and challenges, as full-time working life no longer provides you with any structure. You meet people ...
by EnjoyIt
Mon Jun 11, 2018 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Why do we work?
Replies: 121
Views: 10721

Re: Why do we work?

I feel sorry for you. (I used to have the same feeling, but not anymore). You "feel sorry" for someone who's contributing socially and enjoys what they're doing with their time? I feel sorry for you . One may "like" his/her job. But "loving" his/her job is too much in my opinion. The response doesn...
by EnjoyIt
Mon Jun 11, 2018 9:06 am
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 504
Views: 109007

Re: Anyone regret paying off mortgage early?

A lot of people might consider where we live a high cost of living area, but I would disagree. Our mortgage is $500K, and we live beyond comfortably. With a 2.75% interest rate, we only have $14K a year of interest. But it is also hard to generate a lot of mortgage interest because there is a mortg...
by EnjoyIt
Sun Jun 10, 2018 9:07 pm
Forum: Personal Finance (Not Investing)
Topic: Why do we work?
Replies: 121
Views: 10721

Re: Why do we work?

Right now I am contemplating purchasing something nicer. We are currently in need of a new receiver for our entertainment system. I have narrowed it down to two different receivers the Arcam AVR390 or the Arcam AVR550. They cost $2500 and $3400 respectively. Obviously I can buy an even less expensi...
by EnjoyIt
Sun Jun 10, 2018 8:41 pm
Forum: Investing - Theory, News & General
Topic: Early retirement pros and cons:
Replies: 78
Views: 10400

Re: Early retirement pros and cons:

Goal #1 is to be financially independent or very very close to it. Goal #2 choose and the key word is choose to work part time for a multitude of reasons. Goal #3 always have the option to stop working and do something else that may be more fun. Goal #4 devote extra time to all the current projects ...
by EnjoyIt
Sun Jun 10, 2018 2:32 pm
Forum: Personal Consumer Issues
Topic: Can we discuss whisk?
Replies: 29
Views: 3060

Re: Can we discuss whisks?

Thanks everyone for their advice. We bought something on Amazon following some of the links provided for whisk eduction. Lets hope it can withstand the volatility of our kitchen.
by EnjoyIt
Sun Jun 10, 2018 11:54 am
Forum: Personal Consumer Issues
Topic: Can we discuss whisk?
Replies: 29
Views: 3060

Re: Can we discuss whisks?

You want your whisk to have many floppy, springy wires, not a few wires, nor stiff wires, to enable good whisking action. You should be able to deform the balloon with your palm, and it should spring right back when you stop pressing. I got this tip from a professional chef on TV, and he was right!...
by EnjoyIt
Sun Jun 10, 2018 11:26 am
Forum: Personal Consumer Issues
Topic: Can we discuss whisk?
Replies: 29
Views: 3060

Re: Can we discuss whisks?

Good advice, but we are buying one for ourselves and another as a gift for fathers day and the buy/return option would not work here. Thanks
by EnjoyIt
Sun Jun 10, 2018 11:06 am
Forum: Personal Consumer Issues
Topic: Can we discuss whisk?
Replies: 29
Views: 3060

Can we discuss whisk?

I am searching for a good whisk and was hoping someone here can shed some personal experience and advice. It seams that every whisk I have purchased so far (usually from target) has the handle fall off from the whisk after a few years. Also, I am looking for a whisk that is balanced where the handle...
by EnjoyIt
Sun Jun 10, 2018 10:51 am
Forum: Personal Finance (Not Investing)
Topic: Why do we work?
Replies: 121
Views: 10721

Re: Why do we work?

Right now I am contemplating purchasing something nicer. We are currently in need of a new receiver for our entertainment system. I have narrowed it down to two different receivers the Arcam AVR390 or the Arcam AVR550. They cost $2500 and $3400 respectively. Obviously I can buy an even less expensiv...
by EnjoyIt
Sat Jun 09, 2018 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: Why do we work?
Replies: 121
Views: 10721

Re: Why do we work?

Did I stumble into MMM? "Advertising has us chasing cars and clothes, working jobs we hate so we can buy [censored] we don’t need." We don't talk about fight club. Seriously though. MMM is a bit extreme on this topic especially since you don't see "Should I buy this Rolex?" thread in those forums. ...
by EnjoyIt
Sat Jun 09, 2018 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Why do we work?
Replies: 121
Views: 10721

Re: Why do we work?

The answer obviously depends on what stage you're at in your career in terms of both aspirations and retirement savings. Before financial independence, the answers are as obvious as those stated here in the thread: I'm hungry. I don't like sleeping on cardboard under an overpass, etc... The questio...
by EnjoyIt
Sat Jun 09, 2018 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Why do we work?
Replies: 121
Views: 10721

Re: Why do we work?

It isn't fun lol. Probably do 9AM - 2AM M-F, try and only do 5 hours or so Saturdays and then 10 or so Sunday. It is not a sustainable lifestyle. Certainly takes a toll on your personal relationships and health. But it is for a fixed amount of time (3 years) and then I either get promoted and work ...
by EnjoyIt
Fri Jun 08, 2018 9:28 pm
Forum: Personal Finance (Not Investing)
Topic: Why do we work?
Replies: 121
Views: 10721

Re: Why do we work?

It all depends what is important to you. Using your house example, some would say why work an extra 2-1/2 years to be able to afford a nicer house in a nicer area? Others would say why not work an extra 2-1/2 years and then you get to live in a nicer house in a nicer area for the rest of your life?...
by EnjoyIt
Fri Jun 08, 2018 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: Why do we work?
Replies: 121
Views: 10721

Why do we work?

I have a question for those willing to answer: Why do you work? I can see working for some goals such as making sure you are debt free and the kids get a college education. But then why do you work? Sure make sure we have a roof over our heads and well fed. Okay but after those are covered why do yo...
by EnjoyIt
Thu Jun 07, 2018 1:56 pm
Forum: Investing - Theory, News & General
Topic: Don’t cheat yourself with the 4% rule
Replies: 159
Views: 18570

Re: Don’t cheat yourself with the 4% rule

I used to be a strong proponent of the 4% rule for myself. But thanks to reasonable growth and a good job market I have decided that 3.5-3.7% will work better. Not because I don't think 4% will work but because I want to practically garuantee lifestyle creep to our retirement. Also to make sure that...
by EnjoyIt
Thu May 31, 2018 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: Have $3m at 33, "approach to career" advice needed
Replies: 99
Views: 12967

Re: Have $3m at 33, "approach to career" advice needed

You have 3.2 million in your early 30s and expenses of 120k a year. Assuming 15% tax rate, you're pulling 4.4% of portfolio to cover expenses. This is bad math. Your taxes will oakley be much lower than 15%. This is especially true if much of those assets are in a taxable account. Capital gains is ...
by EnjoyIt
Wed May 30, 2018 9:46 pm
Forum: Personal Finance (Not Investing)
Topic: How much is a Roth worth?
Replies: 14
Views: 2518

Re: How much is a Roth worth?

Maybe I am misunderstanding your scenario, but you can put money in your spouses Roth IRA without the spouse being employed. It is called . . . Spousal IRA

https://www.investopedia.com/retirement ... ributions/
by EnjoyIt
Wed May 30, 2018 9:39 pm
Forum: Personal Finance (Not Investing)
Topic: Have $3m at 33, "approach to career" advice needed
Replies: 99
Views: 12967

Re: Have $3m at 33, "approach to career" advice needed

First and foremost. Based on your expenses you are officially financially independent . Congratulations, you never have to work another day of your life and the chance of you not running out of money is in the high 99% range based on history which incorporates some horrible financial times like the ...
by EnjoyIt
Mon May 28, 2018 2:08 pm
Forum: Investing - Help with Personal Investments
Topic: If you suddenly became a millionaire [exceed FDIC insurance limit]
Replies: 31
Views: 5235

Re: If you suddenly became a millionaire [exceed FDIC insurance limit]

First, if your account is joint the FDIC limit is $500k. It's $250k per account holder so you'd only need 2 joint accounts to park $1M. If you really want to keep it in cash and keep it simple, I'd look at the online High Yield Savings Accounts. 1.75% on the CIT MoneyMarket and 1.70% on Marcus are ...
by EnjoyIt
Mon May 28, 2018 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: Why pay cash for a car?
Replies: 248
Views: 30695

Re: Why pay cash for a car?

One thing people often forget about is insurance. When you finance the loan company demands a certain type of insurance. When you own the car, you get to choose what you want. For example we often choose a much higher deductible on our cars since self insuring the higher deductible makes a lot of se...
by EnjoyIt
Thu May 24, 2018 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Am I crazy to pay off my 30-yr fixed 3.625 mortgage?
Replies: 139
Views: 17380

Re: Am I crazy to pay off my 30-yr fixed 3.625 mortgage?

I would pay off the mortgage, once you do that the house is yours and yours only, no one can take it away. What happens if you lose your job? I respectfully disagree. First, you certainly can lose your paid-off house if you don't make property tax payments, don't pay HOA fees (if any), can't afford...
by EnjoyIt
Wed May 23, 2018 9:48 pm
Forum: Personal Finance (Not Investing)
Topic: New(ish) attending physicians in the Bay Area: Housing
Replies: 150
Views: 13108

Re: New(ish) attending physicians in the Bay Area: Housing

Great point and I can see that potentially happening. On the other hand why should I be motivated by a massive expense. How does having an expensive house make my life better? How is working full time day in and day out just to pay down that expense make my life better and my family's life better? ...
by EnjoyIt
Tue May 22, 2018 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: New(ish) attending physicians in the Bay Area: Housing
Replies: 150
Views: 13108

Re: New(ish) attending physicians in the Bay Area: Housing

This sounds like buying yourself a prison that keeps you working full time/overtime for many years to come. I would hate to live that kind of life just for a house. It's a strong motivator to achieve something exceptional. It's hard to be strongly driven to do new things when life is too easy. Rega...
by EnjoyIt
Tue May 22, 2018 5:27 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review Request
Replies: 9
Views: 904

Re: Portfolio Review Request

Why do you have all this cash but still owe $1000 in student loans at 6%. Pay it off and be done with it.

The studies show having a small bond percentage up to about 20% won't lower your returns but may actually increase them. Therefore I would recommend being closer to 10% bonds instead of 0%
by EnjoyIt
Thu May 17, 2018 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: New(ish) attending physicians in the Bay Area: Housing
Replies: 150
Views: 13108

Re: New(ish) attending physicians in the Bay Area: Housing

Not sure what "bubble" people are talking about. High house prices don't signify a bubble. There's a chronic supply/demand problem in the area, not a bubble. The typical approach in the Bay Area for people in stable high-paying jobs is to stretch to buy a place where they would be ok in the long ru...
by EnjoyIt
Mon May 14, 2018 11:12 am
Forum: Personal Finance (Not Investing)
Topic: New(ish) attending physicians in the Bay Area: Housing
Replies: 150
Views: 13108

Re: New(ish) attending physicians in the Bay Area: Housing

This has crossed my mind too although the counter is that at least for now, our cash flow is very healthy renting and while that may one day eventually change, we’ll be well prepared to buy or move at that point (saving maybe 200k/year currently). Much of that annual savings is wiped out by the ann...
by EnjoyIt
Mon May 14, 2018 10:29 am
Forum: Investing - Theory, News & General
Topic: Withdrawal Rates – Part 24: Flexibility Myths vs. Reality
Replies: 98
Views: 11062

Re: Withdrawal Rates – Part 24: Flexibility Myths vs. Reality

Personally I can't imagine bringing my portfolio high enough for a 2% or less withdrawal rate. I just have no interest working another decade of my life full time. Maybe part time, but full time, is a huge "heck no." What I can imagine is making sure that our fixed/mandatory expenses are as low as ...
by EnjoyIt
Sun May 13, 2018 11:37 pm
Forum: Investing - Theory, News & General
Topic: Withdrawal Rates – Part 24: Flexibility Myths vs. Reality
Replies: 98
Views: 11062

Re: Withdrawal Rates – Part 24: Flexibility Myths vs. Reality

Personally I can't imagine bringing my portfolio high enough for a 2% or less withdrawal rate. I just have no interest working another decade of my life full time. Maybe part time, but full time, is a huge "heck no." What I can imagine is making sure that our fixed/mandatory expenses are as low as p...