Search found 28 matches

by bigred3
Thu Apr 23, 2020 11:05 am
Forum: Personal Finance (Not Investing)
Topic: Afford 800K forever home w/ 600K mortgage?
Replies: 17
Views: 2484

Re: Afford 800K forever home w/ 600K mortgage?

Thoughts on buying and comfortably affording a 600K mortgage/800K house here in the next 12 months? One thing you can do is to live on your new budget for a year to see if you are comfortable with it. Be sure to include everything including utilities, commuting costs, lawn care, and for home mainte...
by bigred3
Wed Apr 22, 2020 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: Afford 800K forever home w/ 600K mortgage?
Replies: 17
Views: 2484

Afford 800K forever home w/ 600K mortgage?

My wife and I have been renters and are thinking about buying a house we plan on staying in for the long haul (looking for 2 level single family homes/2,400 sq feet+/small/medium yard). We have a 7 month old and thinking about possibly having another child. We live in a HCOL area, but our stable job...
by bigred3
Sat Mar 16, 2019 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Should I just buy the townhouse I'm currently renting
Replies: 33
Views: 3284

Re: Should I just buy the townhouse I'm currently renting

We decided to rent another place down the street. One question: We are on a month to month lease (no contract since the initial term ended) and the owner wants to list the house in April, but also wants us to pay rent thru May 31st. We are potentially looking to move into our new place on April 1st....
by bigred3
Fri Mar 08, 2019 7:19 pm
Forum: Personal Finance (Not Investing)
Topic: Should I just buy the townhouse I'm currently renting
Replies: 33
Views: 3284

Re: Should I just buy the townhouse I'm currently renting

Another thing..... I wonder if there is some bargaining or something I can do to prolong renting for a couple months. My wife is a teacher and moving during the summer would make things easier... just a thought My wife is a Kindergarten teacher at a great school so we always have the option for our ...
by bigred3
Fri Mar 08, 2019 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: Should I just buy the townhouse I'm currently renting
Replies: 33
Views: 3284

Re: Should I just buy the townhouse I'm currently renting

Thank you for your thoughts. With regards to monthly payments at 20% down and 25% down, PITI would be roughly $2,490 and $2,370, respectively. We were getting a great deal with our rent and it remaining unchanged for a couple years, but it's also unlikely we will find another rental under $2,400 of ...
by bigred3
Fri Mar 08, 2019 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: Should I just buy the townhouse I'm currently renting
Replies: 33
Views: 3284

Should I just buy the townhouse I'm currently renting

Me and my wife (ages 33 and 31) are currently renting a spacious 2,300 sq foot townhouse for $2,400 per month and have been for over 2 years in a HCOL area. My landlord contacted me about putting the house up for sale. Similar homes in the neighborhood have been selling for 485K-505K. I predict me a...
by bigred3
Wed Aug 02, 2017 7:19 pm
Forum: Personal Investments
Topic: Burned out at 28. Do I have enough?
Replies: 62
Views: 11977

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

I can relate to a certain extent. Don't buy a car haha go travel and explore. You've earned. The real world will be waiting with open arms when you get tired of that. Don't waste being young and miserable. Your in a fortunate position much like I was in my 20s, but don't make yourself miserable.
by bigred3
Sat Apr 01, 2017 10:51 am
Forum: Personal Investments
Topic: Currently have $700,000 at 26 years old get $100,000 a year
Replies: 165
Views: 32874

Re: Currently have $700,000 at 26 years old get $100,000 a year

I'm assuming the school is Arizona State and if I was 26 with 4 times the budget of a normal college student I might not want to leave either. All kidding aside (assuming you don't have any real substance abuse problems/gambling) you will get tired of it eventually and figure things out. I have frie...
by bigred3
Thu Mar 30, 2017 10:23 pm
Forum: Personal Investments
Topic: Currently have $700,000 at 26 years old get $100,000 a year
Replies: 165
Views: 32874

Re: Currently have $700,000 at 26 years old get $100,000 a year

I'm in a similar position as you, but a few years older. I would put 20%-50% in a SP500 index fund (or some amount you are comfortable with) and just let it ride. Wouldn't look at it/pay attention to the markets. Be careful so others don't know about your situation, especially potential girlfriends ...
by bigred3
Wed Nov 16, 2016 10:17 pm
Forum: Investing - Theory, News & General
Topic: "Comedians' best lines of financial wisdom"
Replies: 20
Views: 5699

Re: "Comedians' best lines of financial wisdom"

Dave Chappelle on the difference between 10M and 50M:

https://www.youtube.com/watch?v=Gj7A9jXClEo
by bigred3
Sun Sep 04, 2016 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: 1 month into new job, should I leave for better job
Replies: 20
Views: 4117

Re: 1 month into new job, should I leave for better job

Thank you everyone for the advice. I appreciate it. Looks like I will be going in for an in person interview this week at which point I will get a better feel of the company/culture/commute. If everything works out, I might have a decision to make here pretty soon. Thank you!
by bigred3
Thu Sep 01, 2016 9:26 am
Forum: Personal Finance (Not Investing)
Topic: 1 month into new job, should I leave for better job
Replies: 20
Views: 4117

1 month into new job, should I leave for better job

Previous poster here, but I just started my job after my honeymoon and I had this job lined up before we left. Signed the offer back in June and took 2 months off to travel for our honeymoon. Now I'm one month into my current job and the commute and hours are a little longer than I originally expect...
by bigred3
Mon May 23, 2016 2:35 pm
Forum: Investing - Theory, News & General
Topic: What was your first investment?
Replies: 117
Views: 10439

Re: What was your first investment?

Vanguard Wellington Fund - In IRA when I was ~17 or roughly 13 years ago with money I earned in HS. My dad did all the leg work, opened the fund and helped me deposit my paychecks. Continued to add to it with various jobs/internships throughout HS/College. Probably had about 8K-10K by the time I fin...
by bigred3
Thu May 19, 2016 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Getting married and how to quit my job. This is follow-up post earlier post
Replies: 16
Views: 2489

Re: Getting married and how to quit my job. This is follow-up post earlier post

Everything here sounds reasonable... just wanted to make sure I wasn't doing anything unreasonable that might rub people the wrong way (or at least minimize creating any hard feelings). I realize a few might not think highly about my idea, but overall it will be all good with most that understand I'...
by bigred3
Wed May 18, 2016 10:08 pm
Forum: Personal Finance (Not Investing)
Topic: Getting married and how to quit my job. This is follow-up post earlier post
Replies: 16
Views: 2489

Getting married and how to quit my job. This is follow-up post earlier post

Hello All, I appreciated all the advice back in January to my post about being "29 and quitting job for long honeymoon." (https://www.bogleheads.org/forum/viewtopic.php?f=2&t=182086). Now the time has come, I'm getting married in a few days, and I am looking to put in my 2 weeks notice...
by bigred3
Wed Apr 20, 2016 1:23 pm
Forum: Personal Investments
Topic: What do you wish you had known in your early 20's?
Replies: 46
Views: 11048

Re: What do you wish you had known in your early 20's?

Great question. Depends on how much student loan debt you have, but if you have little or none, I would say try a job out of college that your are passionate about, not just something you studied or would look good on your resume. I graduated right around the time of the "great recession" ...
by bigred3
Mon Apr 18, 2016 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: University of Virginia vs University of Miami
Replies: 148
Views: 15897

Re: University of Virginia vs University of Miami

I grew up in Northern Virginia and went to high school with a lot of friends who ended up going to UVA (500 plus in my graduating class, probably ~50 or more went to UVA). The group that I grew up with and knew where smart and I ended up visiting them throughout my college years. I ended up going to...
by bigred3
Mon Mar 14, 2016 2:46 pm
Forum: Personal Investments
Topic: 28 year old, $6mm, how to retire?
Replies: 71
Views: 17688

Re: 28 year old, $6mm, how to retire?

3) =rate(10,,-6,10) = 5.24% + 1.4% (living exp) =rate (12,,-6,10) = 4.35% + 1.4% (living exp) =rate(15,,-6,10) = 3.46% +1.4% (living exp) You could reach 10M in 10, 12, 15 years by withdrawing 1.4%/year and getting total real returns of 6.6%, 5.8%, or 4.8%. Anyways, you could likely get there someti...
by bigred3
Fri Jan 15, 2016 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: 29 and quitting job for long honeymoon. Is it a bad idea? Talk me out of it
Replies: 69
Views: 12372

Re: 29 and quitting job for long honeymoon. Is it a bad idea? Talk me out of it

Thank you for all the replies. I guess I need to think about a plan here in the next month of how we want to do this. I was happy to hear some saying to take a longer trip, but I don't think we will do this option. My fiancee loves her kids and job too much, so we need to be done by mid August (she ...
by bigred3
Thu Jan 14, 2016 11:33 pm
Forum: Personal Finance (Not Investing)
Topic: 29 and quitting job for long honeymoon. Is it a bad idea? Talk me out of it
Replies: 69
Views: 12372

29 and quitting job for long honeymoon. Is it a bad idea? Talk me out of it

Hello all, I am asking advice on the idea me and my fiance have come up with for this once in a lifetime opportunity. We are set to get married on May 21st and want to take an extended honeymoon. We would like to backpack across Europe for ~50 days (possibly do a Contiki travel tour for part of the ...
by bigred3
Tue Dec 15, 2015 11:33 am
Forum: Personal Consumer Issues
Topic: Flaunt Your High-Mileage Car
Replies: 661
Views: 94125

Re: Flaunt Your High-Mileage Car

1998 Volvo wagon-- ~225K
by bigred3
Tue Jun 30, 2015 12:55 pm
Forum: Investing - Theory, News & General
Topic: What ratio are you stocks/bonds and how old are you?
Replies: 278
Views: 60403

Re: What ratio are you stocks/bonds and how old are you?

28 years old:

82% stocks/ 11% bonds/ 7% PE
by bigred3
Tue Jun 23, 2015 10:48 pm
Forum: Personal Finance (Not Investing)
Topic: One million dollar home
Replies: 37
Views: 11872

Re: One million dollar home

I'd go with option C and put down ~40%-50%
by bigred3
Tue Jun 02, 2015 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Your opinion on realistic income to live in a $1 million home?
Replies: 144
Views: 55388

Re: Your opinion on realistic income to live in a $1 million home?

20% down and mortgage of 3X consistent salary makes sense to me.

So save 200K to put down and making 260K/year consistently. Make personal budget cuts to cars/travel/entertainment if you really value having a $1M house.
by bigred3
Mon Feb 02, 2015 10:50 pm
Forum: Personal Investments
Topic: New Boglehead Portfolio Checkup
Replies: 4
Views: 1463

Re: New Boglehead Portfolio Checkup

Yes, that sound about right.... Bought the ring, proposing next weekend (~5K)..... As for the car, I'm leaning towards a 1-2 year old, 15K-30K miles Honda Accorda, Toyota Camry, or maybe a Ford (so maybe another ~20K)..... I'm not sure if I should pay cash for the car or take out a loan, leaning tow...
by bigred3
Sun Jan 25, 2015 3:51 pm
Forum: Personal Investments
Topic: New Boglehead Portfolio Checkup
Replies: 4
Views: 1463

Re: New Boglehead Portfolio Checkup

Thanks! I think I will move 50K from my vanguard S&P 500 index to the Total International Stock Index (in 401k). This will bump my international asset allocation up to ~15% and I can decide if I want to increase further to 20%. I do like the idea of keeping roughly 40%-50% in US large caps and ~...
by bigred3
Sun Jan 18, 2015 7:17 pm
Forum: Personal Investments
Topic: New Boglehead Portfolio Checkup
Replies: 4
Views: 1463

New Boglehead Portfolio Checkup

28 year old looking for feedback on my current portfolio and advice going forward: My goals right now are to retire in my 60’s with roughly $3M (in today’s dollars) and to one day buy a house (6-10 years from now) FA making 80K/year with no debt Net Worth of 733K (233K in retirement accounts and 410...