Search found 235 matches

by camptalcott
Thu Oct 01, 2015 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: Building Wealth
Replies: 45
Views: 7716

Re: Building Wealth

Many threads on Wealth creation at this site...Frequently mentioned: 1. Marry someone who is on the same financial page(frugal) 2.Live Beneath your means 3.Get a good education to hopefully increase your earning power. 4.Stay Out of Debt 5.Save 6.Invest consistently for decades(if you don't do numb...
by camptalcott
Tue Sep 01, 2015 4:49 pm
Forum: Personal Consumer Issues
Topic: [Should I] rent out [my] house [for a 3-day event]?
Replies: 76
Views: 10641

Re: [Should I] rent out [my] house [for a 3-day event]?

Update: I decided to not rent my house out. The primary reason is that I have 2 dogs, one of which is diabetic and needs insulin shots daily. We are expecting 1 million folks that weekend which is insane considering the entire population of Philly is a little over a million. Don't even want to get i...
by camptalcott
Tue Jun 30, 2015 11:57 am
Forum: Personal Finance (Not Investing)
Topic: Financial Support for Parents
Replies: 36
Views: 5416

Re: Financial Support for Parents

What happens when a parent dies with $400k negative net worth? Did you end up paying all your mother's creditors? How can you have $400k negative net worth? I'm not being argumentative, just interested in specific examples. Mother died in 2008. Her home had plummeted in value and was upside down by...
by camptalcott
Fri Jun 19, 2015 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Is it worth aspiring to get more?
Replies: 131
Views: 24853

Re: Is it worth aspiring to get more?

Many if not most people on this forum (and I don't just mean the millionaires) could work part time or quit entirely and live more comfortably than most other Americans indefinitely. The vast majority of us already have enough to live more comfortably than 99% of people on the planet if we never wo...
by camptalcott
Mon Jun 15, 2015 3:47 pm
Forum: Personal Consumer Issues
Topic: Gifting Money at Parties
Replies: 220
Views: 24784

Re: Gifting Money at Parties

We usually give $50 at a wedding, $75 if family. I agree things have gotten out of hand. At our wedding 32 yrs ago, about 1/3 of the gifts were cash, which amounted to $300 total. We were glad to have it. Neither family was rich, and the cost was borne about 2/3 by my wife and I, and 1/3 by the bri...
by camptalcott
Mon Jun 15, 2015 2:03 pm
Forum: Personal Consumer Issues
Topic: Gifting Money at Parties
Replies: 220
Views: 24784

Re: Gifting Money at Parties

A question for the "cover the cost of your plate" respondents: If I have two brothers - one gets married at a VFW hall (dirt cheap wedding, catering is done by family members, etc.) and the other gets married in the city at the Four Seasons - Do I give the second brother more than the first? It see...
by camptalcott
Mon Jun 15, 2015 2:01 pm
Forum: Personal Consumer Issues
Topic: Gifting Money at Parties
Replies: 220
Views: 24784

Re: Gifting Money at Parties

Groundhog wrote:
letsgobobby wrote:Here's another factor. First weddings receive a lot more than second. Kind of like having a baby shower for your third baby. Taaaaacky.
My wife was just invited to a baby sprinkle for a couple's second baby.

I decline those also. lol. what the heck happens if you have 4 kids???
by camptalcott
Mon Jun 15, 2015 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: Transfer of wealth to kids
Replies: 92
Views: 17455

Re: Transfer of wealth to kids

How closely does the IRS watch this gift thing. No sugar daddy reports every time he takes his sugar baby shopping. Billion are "gifted" this way every year. LOL, this made me smile. I had a roommate in college who had her entire college career paid by her sugar daddy. Very proud of hte fact also. ...
by camptalcott
Mon Jun 15, 2015 1:47 pm
Forum: Personal Consumer Issues
Topic: Gifting Money at Parties
Replies: 220
Views: 24784

Re: Gifting Money at Parties

I am interested in learning how other bogleheads decide the appropriate dollar amount to gift at celebrations/holidays (HS graduation parties, weddings, birthdays, etc.). Currently, it's the wife and I, our 2 yo and our 5 mo. Unless it is immediate family, we give $50 for weddings, $30 for HS gradu...
by camptalcott
Fri Jun 12, 2015 1:23 pm
Forum: Investing - Help with Personal Investments
Topic: 401K's and Expense ratio's
Replies: 8
Views: 1056

Re: 401K's and Expense ratio's

Thanks all,
I will definitely update this post in the proper format. my apologies.

our plan administrator is Merril lynch, there is a contact number. LOL I always start here first because I find most of the time I get answers in easier to understand language.

I'll be back.
by camptalcott
Fri Jun 12, 2015 10:23 am
Forum: Personal Consumer Issues
Topic: What do you do to relax just after returning from work
Replies: 59
Views: 9096

Re: What do you do to relax just after returning from work

depends on what I have to do. I'm a working mom so relaxing after work is pretty much a foreign term. :happy now that my kids are college age (still at home though), I usually try and catch a tv show or some thing for 30 minutes just to decompress. Walking the dog around my neighborhood when the wea...
by camptalcott
Fri Jun 12, 2015 10:09 am
Forum: Investing - Help with Personal Investments
Topic: 401K's and Expense ratio's
Replies: 8
Views: 1056

401K's and Expense ratio's

Happy Friday all, A quick question, I apologize if I made it long winded. I currently work for a large chemical company in wilimington DE, been here for 22 years. About 8 years ago they ended the traditional pension and started a pretty good 401k with tons of choices. they match 1:1 on the first 6% ...
by camptalcott
Sun May 10, 2015 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: Philosophies of frugality.
Replies: 64
Views: 9437

Re: Philosophies of frugality.

Unless your career is so demanding that your younger self needs an affordable, luxurious vacation once in a while, I offer this: Expand on the idea of experiences building better memories than things; there may be times in life when certain experiences may provide a greater bang for your buck, time...
by camptalcott
Sun May 10, 2015 7:18 pm
Forum: Personal Finance (Not Investing)
Topic: Frugality Reinforced - The Millionaire Next Door
Replies: 84
Views: 17575

Re: Frugality Reinforced - The Millionaire Next Door

One question that seems to run through my mind is "why" folks accumulate money? and how does buying a luxury car equate to living beyond one's means??? Lol, and how is it possible that everyone knows their neighbors financial situation??? I've had the same neighbors for 20 year's outside of their jo...
by camptalcott
Sun May 03, 2015 6:37 pm
Forum: Investing - Theory, News & General
Topic: "Don't invest in something you don't understand."
Replies: 55
Views: 5289

Re: "Don't invest in something you don't understand."

Some people really don't understand anything (financial). They'll wake up one day and realize they don't really understand this 401k thing, and decide they've got to get their money out of it ASAP. There has to be better advice to give than "Don't invest in something you don't understand." You're a...
by camptalcott
Tue Apr 28, 2015 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: Feel like I made a mistake with buying a house: appreciation
Replies: 43
Views: 8238

Re: Feel like I made a mistake with buying a house: apprecia

I bought a house 2.5 years ago that has appreciated by 12%. Another person I know bought a house 3 years ago that has appreciated by 120%. This person bought in a different area that is a red hot housing market. My area is not. We are both in the same metropolitian area. I'm feeling a bit bad about...
by camptalcott
Thu Apr 09, 2015 12:05 pm
Forum: Investing - Theory, News & General
Topic: The $1 Million Goal: Source of Motivation or Discouragement?
Replies: 172
Views: 23529

Re: The $1 Million Goal: Source of Motivation or Discouragem

It was totally discouraging to me. And usually right after the tell you, you need to have a million dollars they (the experts) then begin to tell you how you are doomed to eat alpo for the rest of your life and live under a bridge if you don't have that million. Now image how folks feel since the ne...
by camptalcott
Mon Apr 06, 2015 5:15 pm
Forum: Personal Finance (Not Investing)
Topic: Family member asking for money
Replies: 141
Views: 22279

Re: Family member asking for money

So a couple of things. As others pointed out, take the cost of the house out of the mix. That's really not the issue. The big issue is htat he is a repeat offender. Since he is a close relative I don't think you would be out of line to inquire about his finances. Maybe the conversation could go like...
by camptalcott
Sat Apr 04, 2015 7:43 pm
Forum: Personal Finance (Not Investing)
Topic: Renting in Retirement - Considerations?
Replies: 53
Views: 6458

Re: Renting in Retirement - Considerations?

This is a thought provoking post.....but we enjoy having a large house to host all our children and grandchildren for holidays and events. Brian For my parents (and probably me also) Brian, that consideration became less and less important. The upkeep on a big house for once or twice a year event w...
by camptalcott
Sat Apr 04, 2015 6:31 pm
Forum: Personal Consumer Issues
Topic: LOL how long do you keep old tax returns
Replies: 39
Views: 7010

LOL how long do you keep old tax returns

I admit it, my family are pack rats. whew. so my new years resolution is/was to declutter. How long do you keep old returns? I've got returns from back to 1990. :oops: Can I start shredding.
c
by camptalcott
Fri Apr 03, 2015 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Paying for childrens' college
Replies: 121
Views: 12267

Re: Paying for children college

I always thought a work-study program was where you worked in the field you were getting a degree and got college credit for it. Not a job where you had time to study. Am I completely misunderstanding? Nope. Its just part of your financial aide package. The job could be anywhere. My son got a work ...
by camptalcott
Fri Apr 03, 2015 4:54 pm
Forum: Personal Finance (Not Investing)
Topic: Paying for childrens' college
Replies: 121
Views: 12267

Re: Paying for children college

I think in 15 years, the whole game could change. Now I did not work in college, so i don't buy into the " skin in the game" mentality. I knew plenty of kids who worked, partied and flunked out. If the end result is getting a degree, having "skin in the game" didn't make them any more responsible an...
by camptalcott
Mon Mar 30, 2015 8:10 pm
Forum: Personal Consumer Issues
Topic: Closing out my first 'snowbirding' winter
Replies: 84
Views: 14114

Re: Closing out my first 'snowbirding' winter

Great thread, this is exactly what I want to do. Next winter I'm going to try a few weeks in Florida. I'm not retired yet but I get 6 weeks of vacation plus I have 2 weeks bank. So the plan is to start investigating parts of fl that I may like. I've only been to Orlando and Ft. Lauderdale. I definit...
by camptalcott
Mon Mar 30, 2015 1:47 pm
Forum: Personal Consumer Issues
Topic: Hate where we live, do we make major changes?
Replies: 132
Views: 17603

Re: Hate where we live, do we make major changes?

I was in the same position a few years ago. I had moved from CA to NV to be near family when I was 54. I was saving a ton of money because it was so incredibly cheap to live there. But I was bored out of my mind and I hated the cold winters. Ironically, I was diagnosed with breast cancer two months...
by camptalcott
Mon Mar 30, 2015 1:40 pm
Forum: Personal Consumer Issues
Topic: How long do sofas really last
Replies: 46
Views: 13327

Re: How long do sofas really last

Gary Guss wrote:If you live in Lexington KY it will only last until they win another NCAA championship.... Image
lol
by camptalcott
Mon Mar 30, 2015 1:37 pm
Forum: Personal Consumer Issues
Topic: Buying a house, not new, what to look for/wish you had
Replies: 33
Views: 3521

Re: Buying a house, not new, what to look for/wish you had

The roof! Make sure the roof is sound! Most of the other things are personal preference and/or easy fixes compared to the aggravation a faulty roof can cause. Ask me how I know. :oops: I had a good inspection done and all, they said the roof didn't have a lot of life left but should be fine for a f...
by camptalcott
Mon Mar 30, 2015 1:26 pm
Forum: Personal Consumer Issues
Topic: How long do sofas really last
Replies: 46
Views: 13327

Re: How long do sofas really last

the furniture I have now has lasted about 15 years but I got it from high point NC and it's very well made. I paid a couple of thousand for it. I also have a gorgeous red leather recliner, I've had it for about 10 years Now also my kids are young adults now so they are not at home as much. so the fa...
by camptalcott
Mon Mar 30, 2015 1:21 pm
Forum: Personal Consumer Issues
Topic: How long do sofas really last
Replies: 46
Views: 13327

Re: How long do sofas really last

Given that IKEA sofas come with a 10 year warranty, I don't get the IKEA bashing personally. Ok, let me count the ways. I'm going backwards. late 2013 I purchased my new home while my old home was on the market. I purchased an IKEA kitchen table with two chairs for staging. LOL it wasn't even used ...
by camptalcott
Fri Mar 27, 2015 6:22 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Debt in Retirement?
Replies: 74
Views: 10162

Re: Mortgage Debt in Retirement?

rgs92 wrote:I want to leave this world with a giant mortgage left behind...

My prince. lol

:happy

I'm retiring next year with a mortgage. I'm perfectly good with it. every year I'll reevaluate and see whether or not to pay it off early.
by camptalcott
Sat Mar 21, 2015 8:47 am
Forum: Personal Consumer Issues
Topic: What won't you pay with Credit Card?
Replies: 77
Views: 13955

Re: What won't you pay with Credit Card?

Pretty much everything with credit cards. I love the rewards.
by camptalcott
Mon Mar 16, 2015 11:28 am
Forum: Investing - Help with Personal Investments
Topic: Steering family away from costly Financial Adviser or MYOB?
Replies: 28
Views: 3224

Re: Steering family away from costly Financial Adviser or MY

Did your father ask for your advice? (Note that I didn't ask if "the topic came up") If the answer is yes, tell him what you think and let him decide. If the answer is no, keep your mouth shut and stay out of it. Understandably, my dad doesn't want the stress of managing his parents portfolio or ma...
by camptalcott
Mon Mar 16, 2015 11:15 am
Forum: Personal Finance (Not Investing)
Topic: My Greatest Weakness.
Replies: 37
Views: 7297

Re: My Greatest Weakness.

This is a very interesting topic. One of my greatest weaknesses is being afraid of failure, which means that I'm afraid to try new things. I like to stay in my comfort zone of things that I know how to do and things that I know I can do well. Another one of my big weaknesses is being too impatient ...
by camptalcott
Mon Mar 16, 2015 7:48 am
Forum: Personal Consumer Issues
Topic: Having a tree removed
Replies: 19
Views: 2594

Re: Having a tree removed

I'm in the south Jersey/Philadelphia area. prices can range but I'll follow suit with the others. 1 make sure they are fully insured. chain saws, trees and height can be a nasty mix. We had one very old silver maple tree in our backyard that had died. It ran us about 1000 bucks to have it cut down, ...
by camptalcott
Fri Feb 20, 2015 1:31 pm
Forum: Investing - Help with Personal Investments
Topic: Renting in retirement permanently. (Georgia?)
Replies: 9
Views: 1424

Re: Renting in retirement permanently. (Georgia?)

I'm not much help with an answer as I pondering the same question. I live in Philadelphia, absolutely love my area in the Spring, summer and fall. My mortgage will be paid soon and I'm retiring, I want to do the snowbird thing and rent for the winter months if possible. Not sure where. I just don't ...
by camptalcott
Tue Feb 17, 2015 5:01 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey Lashes Out at His Financial Critics
Replies: 89
Views: 19079

Re: Dave Ramsey Lashes Out at His Financial Critics

Why does everyone here keep bashing Dame Ramsey? It is like pointing out that salads at McDonalds are not healthy. Yes, any educated person understands that quality ingredients are paramount to eating healthy. And if you want to eat healthy, fast food restaurants are not appropriate. But if someone...
by camptalcott
Tue Feb 17, 2015 4:51 pm
Forum: Investing - Theory, News & General
Topic: Cap Gains & Divs killed me this year
Replies: 65
Views: 9373

Re: Cap Gains & Divs killed me this year

InvestorNewb wrote:Sounds like a good problem to have.

+1
by camptalcott
Tue Feb 17, 2015 2:12 pm
Forum: Personal Consumer Issues
Topic: A Special Message From Social Security
Replies: 68
Views: 11020

Re: A Special Message From Social Security

I got the same email.

I deleted it. I have my original ss card and just got a recent benefit sheet so I took it as spam.
by camptalcott
Tue Feb 17, 2015 1:19 pm
Forum: Investing - Theory, News & General
Topic: The Non-Millionaire Next Door
Replies: 43
Views: 7686

Re: The Non-Millionaire Next Door

I used to beat myself up for years when I saw others with all the latest cars, boats, toys and do-dads and expensive vacations...wondering what I was doing wrong . :confused It turns out, I was the only one who was doing things right . :D +1 Before the market / housing collapse, I saw my friend's s...
by camptalcott
Tue Feb 17, 2015 11:52 am
Forum: Investing - Theory, News & General
Topic: The Non-Millionaire Next Door
Replies: 43
Views: 7686

Re: The Non-Millionaire Next Door

I don't understand the OP. If this is a real situation with a particular relative, then we need more info on what the problem is. Otherwise it comes across as speculating about another's finances, which isn't too useful... Well, it is a data point that validates that there are consequences to one's...
by camptalcott
Tue Feb 17, 2015 10:38 am
Forum: Investing - Theory, News & General
Topic: Converting some assets to cd's
Replies: 1
Views: 369

Converting some assets to cd's

Hello all, I'm getting ready to retire in about a year and a half (September 2016) and I was chatting with some co workers. lots of upheaval at my job and a few of us are thinking of jumping ship. anyhoo, one of my friends said I should start switching money into cd's. I had never heard of doing thi...
by camptalcott
Fri Feb 13, 2015 7:47 am
Forum: Personal Consumer Issues
Topic: Time to finally purchase nice bedding - thoughts?
Replies: 25
Views: 4335

Re: Time to finally purchase nice bedding - thoughts?

Go for it!! Take my advice with a grain of salt though, I got torn apart here because I purchased high end curtains for my windows. lol, who knew. Anyhoo, search around for good sales, February is known for "white" sales. You can get some really good quality sheets and towels on sale. Macys and Bloo...
by camptalcott
Mon Feb 02, 2015 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: Are car loans really that bad?
Replies: 86
Views: 17967

Re: Are car loans really that bad?

I have noticed that a substantial number of BH have commented that car loans are unwise and instead cars should be purchased with cash. I was wondering if someone can elaborate to exactly why this is. The reason I ask is that my last two car loans were for 1.99%. That doesn't seem too bad to me. I ...
by camptalcott
Mon Feb 02, 2015 12:30 pm
Forum: Personal Consumer Issues
Topic: What age did you become financially independent of parents?
Replies: 68
Views: 7916

Re: What age did you become financially independent of paren

This is a hard question to understand. Basically when I turned 24 I got my first full time "career" and that's when I started paying my own way. Then when I was 28 and my dh was 30, our neighborhood was decimated by a tornado and resulting fire. so we moved in with my parents and they help us get ba...
by camptalcott
Mon Jan 26, 2015 11:51 am
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000?
Replies: 1115
Views: 275398

Re: What experts say about $5,000 watches

This thread is mythical. Specifically a hellish nexus of the Sirens and Sisyphus myths. We are all doomed to be drawn irresistibly to the rocky shores of this thread and to pointlessly roll the rock of our opinions uphill till the end of time. With that out of the way... We all perform a cost benef...
by camptalcott
Mon Jan 26, 2015 11:30 am
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000?
Replies: 1115
Views: 275398

Re: What experts say about $5,000 watches

Thank you for posting this, it was quite informative. So would Mr. Bogle buy the $500 Hamilton or the $5,000 Rolex? My guess is that he'd probably buy the $20 Timex and be perfectly happy, since it tells time and that's what a watch is for. Jack doesn't need to make a statement or try to impress an...
by camptalcott
Mon Jan 26, 2015 8:44 am
Forum: Personal Finance (Not Investing)
Topic: Success stories of NOT buying more/too much house
Replies: 65
Views: 10628

Re: Success stories of NOT buying more/too much house

So can't really say I see a lot of my friends and collegues falling into this "trap". We brought new construction for our prior house, we based our decisions solely on what we could comfortably afford. LOL. The house we raised our kids in was about 3,000 sq ft on about a 1/4 acre. I definitely didn'...
by camptalcott
Mon Jan 26, 2015 8:37 am
Forum: Personal Finance (Not Investing)
Topic: Do Bogleheads' Children Qualify For Need Based College Aid?
Replies: 35
Views: 4124

Re: Do Bogleheads' Children Qualify For Need Based College A

No My son received $11k merit scholarship for each of 4 years. This brought cost of attendance down to $33k per year. With $350k in savings bonds, we did not qualify for need based aid. Without the bonds, we would have qualified for aid. I have cashed bonds whose interest can be pertially deducted ...
by camptalcott
Mon Jan 26, 2015 8:36 am
Forum: Personal Finance (Not Investing)
Topic: Do Bogleheads' Children Qualify For Need Based College Aid?
Replies: 35
Views: 4124

Re: Do Bogleheads' Children Qualify For Need Based College A

LOL.

not so much as a penny. Our incomes do us in before we even get to savings. I'm debating even filling out a FASA this year.
by camptalcott
Wed Jan 21, 2015 4:29 pm
Forum: Personal Consumer Issues
Topic: The "Less Than" a Million $ Club
Replies: 73
Views: 14387

Re: The "Less Than" a Million $ Club

Thanks all for the kind words. My goal here was to give hope to all people, that you can live very happily without tons of dough like I do. A few basic tips that we've all heard before: -live within you means, debt is bad -save if you can, especially where your money is matched -be hopeful about th...