Search found 27 matches

by Username1
Sat Apr 27, 2019 10:31 am
Forum: Personal Consumer Issues
Topic: Living Overseas for 4 Months/Year for Regional Travel (Retirement)
Replies: 75
Views: 5973

Re: Living Overseas for 4 Months/Year for Regional Travel (Retirement)

I've traveled the world for 2 years and expatriated from the US for 2 years. I've executed things similar to what you're describing, OP. Here's my notes: * Finding a *good* apartment overseas is harder than it seems. Basically, you have to rent an AirBnB for a month, at least, to be able to find an ...
by Username1
Wed Apr 24, 2019 5:43 pm
Forum: Personal Finance (Not Investing)
Topic: Lifestyle creep
Replies: 73
Views: 8046

Re: Lifestyle creep

If you are buying expensive, gourmet food, dining out often, buying new furnishings or accessories for the house, visiting the casinos frequently, buying costly gifts for relatives, whatever it is, if it bothers you, just cut it out. Or cut back. Problem solved. IF, OTOH, your expenses are going up...
by Username1
Wed Apr 03, 2019 6:44 pm
Forum: Personal Finance (Not Investing)
Topic: How do you set money aside as a 1099-MISC Contractor?
Replies: 5
Views: 455

How do you set money aside as a 1099-MISC Contractor?

I'm a 1099-MISC contractor and receive a $90,000/year salary plus a 10% profit share. My profit share payments are made in March. This year, I made ~$200,000, after expenses. I owe $45,000 in federal, state, and local tax. I also owe $45,000 in Estimated Taxes to the federal, state, and local govern...
by Username1
Thu Mar 21, 2019 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: U.S. Expats - What To Be Aware Of Tax Wise
Replies: 17
Views: 1910

Re: U.S. Expats - What To Be Aware Of Tax Wise

This is absolutely insane as someone who is a natural citizen of another country but has earned U.S. citizenship. I am absolutely going back to live in my home country at some point, this tax stuff is a complete burden. Unfortunately, when you rescind the US citizenship, you still might be responsi...
by Username1
Fri Mar 08, 2019 6:36 am
Forum: Personal Finance (Not Investing)
Topic: Framework to evaluate life and lifestyle choices?
Replies: 38
Views: 3104

Re: Framework to evaluate life and lifestyle choices?

To answer your exact question, I'd say use a decision-matrix (see https://en.wikipedia.org/wiki/Decision-matrix_method ). You have to populate the fields with options and your values, then score the options.
by Username1
Tue Feb 26, 2019 3:16 am
Forum: Personal Finance (Not Investing)
Topic: Best Side Businesses for Investor with Large Portfolio
Replies: 8
Views: 1357

Re: Best Side Businesses for Investor with Large Portfolio

Buy a parking lot with an automatic gate. Buy a farm with that's professionally managed. I had a friend consider this. In the end, the ROI was too low but it was basically hands free. Buy a self-storage facility that's also professionally managed. If you're in tech, buy a website where the traffic c...
by Username1
Mon Feb 25, 2019 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: $50,000 executive MBA at a state school or $5,000 MBA at a regional school?
Replies: 46
Views: 4429

Re: $50,000 executive MBA at a state school or $5,000 MBA at a regional school?

FWIW - I did some recruiting for a public agency in State of Florida early in my career. Finance/Accounting managers would always review my stack of applicants and inevitably pull the Vanderbilt and UNC business school grads over more qualified candidates. So with that being said, you can say that ...
by Username1
Mon Feb 25, 2019 11:13 am
Forum: Personal Finance (Not Investing)
Topic: $50,000 executive MBA at a state school or $5,000 MBA at a regional school?
Replies: 46
Views: 4429

Re: $50,000 executive MBA at a state school or $5,000 MBA at a regional school?

Thanks guy! I've made my decision. I think it's funny how people's reply show more about themselves than anything else :) Thanks to all the MBAs who answered. It's pretty obvious that going to a top tier MBA program would be the best. It's really who else is in the class that'll make the MBA program...
by Username1
Fri Feb 22, 2019 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: $50,000 executive MBA at a state school or $5,000 MBA at a regional school?
Replies: 46
Views: 4429

Re: $50,000 executive MBA at a state school or $5,000 MBA at a regional school?

Half the value of an MBA is the network you make while there. I don’t know anything about these two programs, but you will want to know what type of people attend, where they work after, and see how that matches your current career path. What specializations do each program have? And does it match ...
by Username1
Fri Feb 22, 2019 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: $50,000 executive MBA at a state school or $5,000 MBA at a regional school?
Replies: 46
Views: 4429

Re: $50,000 executive MBA at a state school or $5,000 MBA at a regional school?

Even if your company won't pay for it, you might want to get the founder's opinion on the two options you are looking at. Other than that, I thought that eMBA degrees didn't have as much prestige/influence as regular MBA degrees -- if that factors into your decision. Otherwise, I'd pick the one tha...
by Username1
Fri Feb 22, 2019 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: $50,000 executive MBA at a state school or $5,000 MBA at a regional school?
Replies: 46
Views: 4429

$50,000 executive MBA at a state school or $5,000 MBA at a regional school?

Hey boggles. I learned my lesson from overpaying $2k for my car; so, now, I’m consulting you guys before making this decision. I’m a 29 year old with a six figure upper management job. I’m one of the decision makers at the company and the two cofounders who i work with both have Harvard MBAs. I have...
by Username1
Mon Feb 11, 2019 12:14 am
Forum: Personal Finance (Not Investing)
Topic: How do I keep from becoming irrelevant
Replies: 57
Views: 7951

Re: How do I keep from becoming irrelevant

Your perspective is wrong. Instead of looking to avoid becoming irrelevant, seek becoming more valuable. You're 39. You have more life experience and (hopefully) common sense than the young 20 somethings working at tech companies. You can easily move into management. This is from a 29 year old hirin...
by Username1
Fri Feb 01, 2019 1:47 am
Forum: Personal Finance (Not Investing)
Topic: How much do you keep in checking?
Replies: 135
Views: 12020

Re: How much do you keep in checking?

1 month worth of expenses.
by Username1
Fri Feb 01, 2019 1:40 am
Forum: Personal Finance (Not Investing)
Topic: Marriage "Benefits"
Replies: 108
Views: 10052

Re: Marriage "Benefits"

Your concern appears to be financial. The financial benefits will never outweigh the potential financial devastation of divorce. If I were not "traditional" and not concerned about non-financial considerations, I would never consider marriage for a second. Good luck, JT That's why you marry up! Dev...
by Username1
Sun Jan 27, 2019 2:53 am
Forum: Personal Consumer Issues
Topic: Did I do a terrible purchase on a used car?
Replies: 38
Views: 4381

Re: Did I do a terrible purchase on a used car?

I dont know specifics out the prius but in general it is always good to check prices with several dealers on same vehicle to make sure your in the ballbark and not donating your money to them. At least you are here now and there are tons of threads you can read bout how to proceed next time moving ...
by Username1
Sun Jan 27, 2019 2:05 am
Forum: Personal Consumer Issues
Topic: Did I do a terrible purchase on a used car?
Replies: 38
Views: 4381

Did I do a terrible purchase on a used car?

I purchased a 2013 Toyota Prius for $15,770. With taxes and fees, it came to $17,049. It has 21,603 miles. I'm doubting my purchase since I purchased it at the sticker price and I've heard you should never buy the sticker price. Please let me know if I was an idiot :) I obviously see an option $24 e...
by Username1
Sun Jan 27, 2019 1:38 am
Forum: Personal Consumer Issues
Topic: 2-week European vacation
Replies: 34
Views: 2702

Re: 2-week European vacation

You're visiting way too many cities. I like to keep it at 3-4 days per city, minimum. This makes the trip a lot less stressful. This is coming from a guy who traveled for 4 years. The first 2 years was a lot of cities every week or so. After about 1 year of that, I started staying in cities for a mo...
by Username1
Fri Jan 25, 2019 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: No Children, what will your legacy be?
Replies: 118
Views: 9602

Re: No Children, what will your legacy be?

Give it away to cats!

https://bigcatrescue.org/

Remember, they are our masters :) /s
by Username1
Sun Jan 13, 2019 7:49 am
Forum: Personal Finance (Not Investing)
Topic: 29 Y.O. with a $60,000 bonus
Replies: 23
Views: 2886

Re: 29 Y.O. with a $60,000 bonus

The Prius was $16,000. It was a 2013 with 25,000 miles :) As for my "business", I am compensated from the parent company through an LLC. The LLC has employees and incurs business expenses through its normal operations. The payroll and expenses are then passed on to the parent company. So, I do not h...
by Username1
Sat Jan 12, 2019 7:05 pm
Forum: Personal Finance (Not Investing)
Topic: 29 Y.O. with a $60,000 bonus
Replies: 23
Views: 2886

Re: 29 Y.O. with a $60,000 bonus

Great advice here. Couple notes - 22,000 dollars in a checking account is not doing you much good - carry about 10K and invest the rest of put it into something that gets interest. - You are young, so money you invest now has the advantage of time and compounding. I would save, and shelter from tax...
by Username1
Sat Jan 12, 2019 7:03 pm
Forum: Personal Finance (Not Investing)
Topic: 29 Y.O. with a $60,000 bonus
Replies: 23
Views: 2886

Re: 29 Y.O. with a $60,000 bonus

Congrats on the bonus! First thing I would do is take 10% of it and stash it in your Roth IRA for 2018... YUP! That's on the to-do list now too. I usually contribute it at the end of the year but, hey, what's wrong with being pro-active? Well if you go over income limitations for a Roth with the $6...
by Username1
Sat Jan 12, 2019 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: 29 Y.O. with a $60,000 bonus
Replies: 23
Views: 2886

Re: 29 Y.O. with a $60,000 bonus

Congrats on the bonus! First thing I would do is take 10% of it and stash it in your Roth IRA for 2018... YUP! That's on the to-do list now too. I usually contribute it at the end of the year but, hey, what's wrong with being pro-active? Well if you go over income limitations for a Roth with the $6...
by Username1
Sat Jan 12, 2019 6:52 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1415
Views: 370702

Re: Share your net worth progression

I feel poor when I read this thread :-(

I'm at +$40,000 right now.

Thanks for the motivation, guys.
by Username1
Sat Jan 12, 2019 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: 29 Y.O. with a $60,000 bonus
Replies: 23
Views: 2886

Re: 29 Y.O. with a $60,000 bonus

your student loan rates will be high so id save it in a safe investment, high interest savings or CD, and use for tuition. Savings it is! Spend $2,000 on experiences you enjoy, or take a trip to somewhere you've wanted to go. Haha. I'm well traveled and used to live overseas :) I think I'm gonna sp...
by Username1
Sat Jan 12, 2019 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: 29 Y.O. with a $60,000 bonus
Replies: 23
Views: 2886

29 Y.O. with a $60,000 bonus

Hey, I have a $60,000 bonus for my department's outstanding performance last year. Here's my financial situation: * I rent a $900/m apartment in the downtown area * I have $20,000 in an emergency fund in Ally Bank * I have $22,000 in my checking account * I have $10,000 in a Roth IRA (I started this...
by Username1
Wed Dec 10, 2014 4:02 am
Forum: Personal Investments
Topic: Lump Sum Windfall of $28,000
Replies: 9
Views: 1374

Re: Lump Sum Windfall of $28,000

Here are the full details on the loans: Loan TypePrincipal Balance *Interest Rate Open Section Direct Subsidized Stafford $1,428.44 6.550% Open Section Direct Subsidized Stafford $3,462.36 5.350% Open Section Direct Subsidized Stafford $989.25 5.350% Open Section Direct Subsidized Stafford $4,451.56...
by Username1
Tue Dec 09, 2014 3:07 am
Forum: Personal Investments
Topic: Lump Sum Windfall of $28,000
Replies: 9
Views: 1374

Lump Sum Windfall of $28,000

Hi. I will be acquiring a lump sum windfall of $28,000 in 2 weeks. How should I invest the money? This is from the sale of a website I started in college. I have about $45,000 in student loans with an average of 6% interest. Of the $28,000 I plan on putting 33% into a savings account for taxes (I'm ...