Search found 1012 matches

by mak1277
Wed Jul 17, 2019 10:07 am
Forum: Personal Finance (Not Investing)
Topic: The Boglehead is anti-entrepreneur?
Replies: 79
Views: 6455

Re: The Boglehead is anti-entrepreneur?

I have no interest in closing my eyes, believing good things will happen, and trusting the broader market with a majority of my worth. This is an interesting point of view. Personally, I have a LOT more faith in the broad US economy/market than I do in any one individual or organization (myself inc...
by mak1277
Wed Jul 17, 2019 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Millionaire by 40 and How you Did it?
Replies: 205
Views: 31436

Re: Millionaire by 40 and How you Did it?

I think another question worth asking (though rather ambiguous to interpretation), and perhaps a more salient one (if advising other young adults) is.... Of the 40 year old (or younger) millionaires who did not inherit their money or otherwise obtain it without working for it, how much of your yout...
by mak1277
Wed Jul 17, 2019 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Do you care about your home appreciating?
Replies: 91
Views: 4645

Re: Do you care about your home appreciating?

I would like my home to appreciate only because that will mean I will allow myself to buy a more expensive home when I move. For my next move, I'm hoping to buy a new house without any net cash outlay after selling my current house. I won't be upset if it doesn't appreciate but it would be nice if i...
by mak1277
Tue Jul 16, 2019 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: Being a hands off homeowner
Replies: 48
Views: 2705

Re: Being a hands off homeowner

We also value a well maintained, updated, aesthetically pleasing home. Ultimately this is the key difference. I don't value that much at all and my choices on maintenance (or lack thereof) prove it out. I typically don't take action on something unless it presents a danger, threatens lasting damage...
by mak1277
Tue Jul 16, 2019 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: Being a hands off homeowner
Replies: 48
Views: 2705

Re: Being a hands off homeowner

We DIY all cleaning, lawn mowing/landscaping, snow removal and a lot of basic renovation work (interior painting, light electrical and plumbing, etc)... and yet still manage to spend at least 1% of those house market value each year or more on major projects we contract out. If you hire EVERYTHING,...
by mak1277
Tue Jul 16, 2019 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Being a hands off homeowner
Replies: 48
Views: 2705

Re: Being a hands off homeowner

This is crazy to me...how do you have so many projects that you spend that much annually? I get it if you have a huge roof issue, but in most years we spend less than 0.2% of the cost of our home on maintenance. You're indexing and they have a financial advisor. :beer No, I'm just not doing anythin...
by mak1277
Tue Jul 16, 2019 10:09 am
Forum: Personal Finance (Not Investing)
Topic: Being a hands off homeowner
Replies: 48
Views: 2705

Re: Being a hands off homeowner

We DIY all cleaning, lawn mowing/landscaping, snow removal and a lot of basic renovation work (interior painting, light electrical and plumbing, etc)... and yet still manage to spend at least 1% of those house market value each year or more on major projects we contract out. If you hire EVERYTHING,...
by mak1277
Tue Jul 16, 2019 8:53 am
Forum: Personal Investments
Topic: Company Stock at discount - immediate sell
Replies: 16
Views: 868

Re: Company Stock at discount - immediate sell

Well the "win" is a guaranteed gain on the stock. Not necessarily guaranteed. Case in point .... I recently acquired stock through my Employer Stock Purchase Plan at a price days before a material drop in price. Now, averaged out over several years I have certainly come out ahead but I would argue ...
by mak1277
Tue Jul 16, 2019 8:42 am
Forum: Personal Investments
Topic: Company Stock at discount - immediate sell
Replies: 16
Views: 868

Re: Company Stock at discount - immediate sell

I wanted to confirm my thinking. I have never done this and have no experience I have a young friend that is buying his company's stock at a discount and then turning around and selling the stock within a few days/weeks. He pays taxes on the ST "gain" as ordinary income, there is no real win for hi...
by mak1277
Tue Jul 16, 2019 8:20 am
Forum: Personal Finance (Not Investing)
Topic: Being a hands off homeowner
Replies: 48
Views: 2705

Re: Being a hands off homeowner

It's definitely possible, but a lot of it depends on your personal attitude towards things. I've lived in my current home for a decade now and I haven't put anywhere near 1% per year into upkeep. I have a lawn service ($30 per week), I've redone two bathrooms, and I've had minor plumbing issues. All...
by mak1277
Mon Jul 15, 2019 9:48 am
Forum: Personal Finance (Not Investing)
Topic: Millionaire by 40 and How you Did it?
Replies: 205
Views: 31436

Re: Millionaire by 40 and How you Did it?

I think another question worth asking (though rather ambiguous to interpretation), and perhaps a more salient one (if advising other young adults) is.... Of the 40 year old (or younger) millionaires who did not inherit their money or otherwise obtain it without working for it, how much of your yout...
by mak1277
Fri Jul 12, 2019 7:50 am
Forum: Personal Finance (Not Investing)
Topic: Should I encourage my kids to work in high school/college?
Replies: 221
Views: 12790

Re: Should I encourage my kids to work in high school/college?

While I suppose a minimum wage job is an exciting thing when one is 16, it will be distracting from studying, extra curricular activities, and the like. From my perspective, strong performance in school (both high school and college) strongly correlates to future earnings, and doing well at school ...
by mak1277
Fri Jul 12, 2019 7:40 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3844
Views: 1105442

Re: What Book Are You Currently Reading? Part VI

I'm a couple of chapters into The Secret Agent by Joseph Conrad. I'm having some trouble getting into it. I had no trouble with Heart of Darkness -- a great book -- but in the past I gave up on Nostromo . Any words of encouragement? Give it up. There are way too many excellent books in the world to...
by mak1277
Wed Jul 10, 2019 10:20 am
Forum: Personal Consumer Issues
Topic: Who cuts your hair? And for how much?
Replies: 153
Views: 7970

Re: Who cuts your hair? And for how much?

If you try using the search bar first you will see this question is asked every few months. Most recent (from April) is here: https://www.bogleheads.org/forum/viewtopic.php?t=278299 It's up at the top right - just type in "Hair Cut" I always question threads whereby the OP starts by asking for some...
by mak1277
Wed Jul 10, 2019 9:37 am
Forum: Personal Consumer Issues
Topic: Who cuts your hair? And for how much?
Replies: 153
Views: 7970

Re: Who cuts your hair? And for how much?

If you try using the search bar first you will see this question is asked every few months. Most recent (from April) is here: https://www.bogleheads.org/forum/viewtopic.php?t=278299 It's up at the top right - just type in "Hair Cut" I always question threads whereby the OP starts by asking for some...
by mak1277
Wed Jul 10, 2019 9:01 am
Forum: Personal Consumer Issues
Topic: Yellowstone guidance
Replies: 12
Views: 1246

Re: Yellowstone guidance

There are several fly shops in West Yellowstone that would offer all sorts of guided fishing trips...both floating and wading.
by mak1277
Wed Jul 10, 2019 8:04 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3844
Views: 1105442

Re: What Book Are You Currently Reading? Part VI

Currently in process: Smartest Guys in the Room - story of the Enron catastrophe. Stopped reading this a while back when I went on vacation and need to pick it back up to finish. Welcome to the Monkey House - Vonnegut short stories. Highly recommended Annapurna by Maurice Herzog - Story of the first...
by mak1277
Wed Jul 10, 2019 7:58 am
Forum: Personal Consumer Issues
Topic: Who cuts your hair? And for how much?
Replies: 153
Views: 7970

Re: Who cuts your hair? And for how much?

My barber, Vincent, has been cutting my hair for the past 12 years...best haircuts I've gotten in my life. Price of the cut is $18 and I tip between $3 and $7 (depends on what I have in my wallet at the time). I give a $100 around Christmas or New Years every year as well.
by mak1277
Mon Jul 08, 2019 12:42 pm
Forum: Personal Consumer Issues
Topic: Where to sit @ Fenway Park?
Replies: 11
Views: 736

Re: Where to sit @ Fenway Park?

Field boxes, as close to the field and as close to home plate as you can get.
by mak1277
Tue Jul 02, 2019 8:42 am
Forum: Personal Consumer Issues
Topic: What lifestyle creep made you happier?
Replies: 412
Views: 44157

Re: What lifestyle creep made you happier?

DarnToughSocks. They have socks high as $35. I stick with $22-$28. I'm sorry for bringing up a point from six months ago, but... I can't resist bragging. I, too, am a fan of DarnTough socks, but my last purchase was made at $16.46 each when Backcountry had them on sale 25% off, which miraculously c...
by mak1277
Mon Jul 01, 2019 11:55 am
Forum: Personal Consumer Issues
Topic: Going to switzerland this september-advice?
Replies: 30
Views: 1866

Re: Going to switzerland this september-advice?

Get up into the mountains and out of Interlaken. We spent five nights in Wengen, up the mountain from Lauterbrunen and loved it. The views are amazing. From there we did a number of surprisingly gentle but gorgeous hikes, explored the lakes around Interlaken, explored the waterfalls, and just soake...
by mak1277
Thu Jun 27, 2019 10:55 am
Forum: Personal Consumer Issues
Topic: What lifestyle creep made you happier?
Replies: 412
Views: 44157

Re: What lifestyle creep made you happier?

Sure. My point was that at this point in this man's life, nothing else was "thrilling" him anymore. Maybe his money was useful to do all the traveling and stuff that he wanted to, and he finally reached the end of the internet. -B I can say with absolute certainty that the thrill I received while g...
by mak1277
Thu Jun 27, 2019 10:44 am
Forum: Personal Consumer Issues
Topic: What lifestyle creep made you happier?
Replies: 412
Views: 44157

Re: What lifestyle creep made you happier?

Sure. My point was that at this point in this man's life, nothing else was "thrilling" him anymore. Maybe his money was useful to do all the traveling and stuff that he wanted to, and he finally reached the end of the internet. -B I can say with absolute certainty that the thrill I received while g...
by mak1277
Thu Jun 27, 2019 10:18 am
Forum: Personal Consumer Issues
Topic: What lifestyle creep made you happier?
Replies: 412
Views: 44157

Re: What lifestyle creep made you happier?

Sure. My point was that at this point in this man's life, nothing else was "thrilling" him anymore. Maybe his money was useful to do all the traveling and stuff that he wanted to, and he finally reached the end of the internet. -B I can say with absolute certainty that the thrill I received while g...
by mak1277
Thu Jun 27, 2019 9:23 am
Forum: Personal Consumer Issues
Topic: What lifestyle creep made you happier?
Replies: 412
Views: 44157

Re: What lifestyle creep made you happier?

I agree that less is often more, but I think if you could point to studies that would make a more compelling argument. Which counties, income levels, generations, etc are happiest? I believe I have seen studies that suggest that, in the USA at least, increased wealth has some positive correlation w...
by mak1277
Wed Jun 26, 2019 7:47 am
Forum: Personal Finance (Not Investing)
Topic: Deferred compensation, thoughts?
Replies: 22
Views: 1756

Re: Deferred compensation, thoughts?

I participate up to the point we clear out of a higher tax bracket. Biggest risk beyond the general creditor/default issue is that often, if you leave before eligible early retirement age, you get it all as a lump sum. That’s how my plan works. I’m rolling the dice as a result on whether there will...
by mak1277
Mon Jun 24, 2019 8:03 am
Forum: Personal Finance (Not Investing)
Topic: PROBLEM RESOLVED! - Buying new construction inventory home. Seemingly standard feature appears missing. What to do?
Replies: 46
Views: 3445

Re: Buying new construction inventory home. Seemingly standard feature appears missing. What to do?

If it's on your plans and in your contract, then you should ask. I would ask as soon as possible. While you might not want to be litigious, I think this is a situation where at least the threat of a lawsuit would help you move things along...if for some reason they don't just agree to put it in. I t...
by mak1277
Mon Jun 24, 2019 7:41 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3844
Views: 1105442

Re: What Book Are You Currently Reading? Part VI

Getting close to finishing The Right Stuff...absolutely loved it. Can anyone recommend a good follow-up to that that continues the story with the next steps in the space program?
by mak1277
Mon Jun 10, 2019 4:04 pm
Forum: Personal Consumer Issues
Topic: Are destinations weddings a new trend?
Replies: 8
Views: 679

Re: Are destinations weddings a new trend?

If there was ever a day/event to have as a "me first" type of thing, a wedding seems like it would be tops on the list.
by mak1277
Fri Jun 07, 2019 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Highly appreciated whiskies
Replies: 34
Views: 3428

Re: Highly appreciated whiskies

I would simply not concern myself with the current market value. Not everything is a financial decision. If you don't like the product, then by all means sell it, but don't use the current market price as a reason not to enjoy something you bought at a price that you were happy with. If I could buy ...
by mak1277
Thu Jun 06, 2019 7:51 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3844
Views: 1105442

Re: What Book Are You Currently Reading? Part VI

I am reading Seneca's On the Shortness of Life: Life is Long if You Know How to Use It. What is more valuable then money? Time! This book is about making the best use of your time. I highly recommend it. " It is not that we have a short time to live, but that we waste a lot of it. Life is long enou...
by mak1277
Wed Jun 05, 2019 8:13 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3844
Views: 1105442

Re: What Book Are You Currently Reading? Part VI

I am reading Seneca's On the Shortness of Life: Life is Long if You Know How to Use It. What is more valuable then money? Time! This book is about making the best use of your time. I highly recommend it. " It is not that we have a short time to live, but that we waste a lot of it. Life is long enou...
by mak1277
Wed Jun 05, 2019 8:07 am
Forum: Personal Consumer Issues
Topic: Resort vacation w/ 6 month old...?
Replies: 30
Views: 1715

Re: Resort vacation w/ 6 month old...?

I thought some of the most relaxing trips were when our children were babies. Their needs at that age are pretty simple, eating (especially breast fed) and taking lots of naps. The most difficult parts were always the getting to and from, i.e. strapped down in a car seat or in a loud airplane. Fort...
by mak1277
Wed May 22, 2019 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: Should I encourage my kids to work in high school/college?
Replies: 221
Views: 12790

Re: Should I encourage my kids to work in high school/college?

We all want better for our children. That’s what I would have thought, also. There are frequent posts that boil down to “xxx was good enough for me, I turned out well, so it will be good enough for my kids.” I understand that some families have limits dictated by circumstances; I’m referring to tho...
by mak1277
Wed May 22, 2019 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: Should I encourage my kids to work in high school/college?
Replies: 221
Views: 12790

Re: Should I encourage my kids to work in high school/college?

We all want better for our children. That’s what I would have thought, also. There are frequent posts that boil down to “xxx was good enough for me, I turned out well, so it will be good enough for my kids.” I understand that some families have limits dictated by circumstances; I’m referring to tho...
by mak1277
Wed May 22, 2019 8:37 am
Forum: Personal Finance (Not Investing)
Topic: How much house (% of NW) should a retiree have?
Replies: 16
Views: 1968

Re: How much house (% of NW) should a retiree have?

I don't think the percentage of net worth matters at all. In my mind, the only question that matters is whether or not my investable assets can support my expenses in retirement. The value of my residence doesn't change my needs in terms of investable assets.
by mak1277
Wed May 22, 2019 7:29 am
Forum: Personal Finance (Not Investing)
Topic: Should I encourage my kids to work in high school/college?
Replies: 221
Views: 12790

Re: Should I encourage my kids to work in high school/college?

If we looked at the answers offered, we would think that working a minimum job as a kid would boost your personality and you would land in a megasalary job. Unfortunately, research says personality is formed much earlier (Seven Series, ...) As a teenager I worked offering database solutions to the ...
by mak1277
Tue May 21, 2019 11:10 am
Forum: Personal Finance (Not Investing)
Topic: Should I encourage my kids to work in high school/college?
Replies: 221
Views: 12790

Re: Should I encourage my kids to work in high school/college?

One other aspect of working in high school that really helped me was the realization that I could reinvent myself. Both school and sports involved the same general group of people, whereas my first high school job was with a completely different group of people (most of them older). I realized that ...
by mak1277
Tue May 21, 2019 7:58 am
Forum: Personal Consumer Issues
Topic: Recently promoted - how to match image with title?
Replies: 54
Views: 4948

Re: Recently promoted - how to match image with title?

Not a woman, but I did spend a significant amount of time in a profession where I was always the youngest person in the room for meetings (e.g., making presentations to F500 boards in my mid- to late-20s). More than anything, the key (in my mind) is that when you speak you need to speak with authori...
by mak1277
Mon May 20, 2019 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: Should I encourage my kids to work in high school/college?
Replies: 221
Views: 12790

Re: Should I encourage my kids to work in high school/college?

Found out that one of my nieces/nephews got his first minimum wage job, and his grandparents are quite proud of him to be gainfully employed. I winced when I heard that. It will be distracting from studying, extra curricular activities, and the like. Based on that, I'd be really hesitant to encoura...
by mak1277
Mon May 20, 2019 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Should I encourage my kids to work in high school/college?
Replies: 221
Views: 12790

Re: Should I encourage my kids to work in high school/college?

I got a job as soon as I got my driver's license because I didn't like asking my parents for gas money. I continued to get good grades and play sports while working, although I suspect the world was a lot different then (90s) because I don't recall spending much time on homework even in high school....
by mak1277
Mon May 20, 2019 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE - What am I missing in the News Stories
Replies: 223
Views: 14570

Re: FIRE - What am I missing in the News Stories

Sam1 wrote:
Mon May 20, 2019 12:43 pm
I also can have someone clean my house weekly, take a taxi when there is bad weather, order takeout when I’m tired, buy something overpriced because I like it, etc.
I'm planning to FIRE and still be able to do all of those things comfortably. It's not always an either/or choice.
by mak1277
Mon May 20, 2019 9:07 am
Forum: Personal Finance (Not Investing)
Topic: Do you reward yourself for achieving a financial goal?
Replies: 107
Views: 6771

Re: Do you reward yourself for achieving a financial goal?

And finally the Rolex (or other expensive watch) example: They hold their value to some extent. If you compare it with an apple watch that you have to replace every 2 years, you might be better off with a rolex. A rough estimate: 10 years maybe depreciates a rolex with 2k out of its 5k, and 5 apple...
by mak1277
Wed May 15, 2019 1:27 pm
Forum: Personal Investments
Topic: If you are already wealthy, what keeps you motivated?
Replies: 101
Views: 12018

Re: If you are already wealthy, what keeps you motivated?

My question is...for those who are doing well financially, what keeps you motivated? When is time more important than money? I think you have 2 erroneous assumptions in your question. First, you assume money is their motivation because you assume they lose their motivation when they get money (beco...
by mak1277
Wed May 15, 2019 1:17 pm
Forum: Personal Investments
Topic: If you are already wealthy, what keeps you motivated?
Replies: 101
Views: 12018

Re: If you are already wealthy, what keeps you motivated?

My question is...for those who are doing well financially, what keeps you motivated? When is time more important than money? I think you have 2 erroneous assumptions in your question. First, you assume money is their motivation because you assume they lose their motivation when they get money (beco...
by mak1277
Wed May 15, 2019 12:27 pm
Forum: Personal Investments
Topic: If you are already wealthy, what keeps you motivated?
Replies: 101
Views: 12018

Re: If you are already wealthy, what keeps you motivated?

Based on what you describe, I think you need to evaluate the value of the 9-5 job. You likely don't need it from a financial point of view. You need to decide if it's something you want to do because of the nature of the work, or because there is significant additional growth opportunity. If I was i...
by mak1277
Wed May 15, 2019 9:59 am
Forum: Personal Finance (Not Investing)
Topic: Do you reward yourself for achieving a financial goal?
Replies: 107
Views: 6771

Re: Do you reward yourself for achieving a financial goal?

Buying something because you saved a bunch of money is akin to eating ice cream because you achieved a new weight loss goal. No, I don't go out and buy something because of meeting a financial goal. Back in the day, in my late 20s, I got my cholesterol checked for the first time. Found out it was n...
by mak1277
Wed May 15, 2019 8:42 am
Forum: Personal Finance (Not Investing)
Topic: Do you reward yourself for achieving a financial goal?
Replies: 107
Views: 6771

Re: Do you reward yourself for achieving a financial goal?

I don't buy things when I hit milestones, I buy them when I want them. I bought a Rolex because I wanted it. I go on nice vacations because I want to.

I don't believe early retirement would be worth it if I had to live less of a life than I desire.
by mak1277
Mon May 13, 2019 1:21 pm
Forum: Personal Investments
Topic: Does your retirement plan work if stocks are flat or in decline for decades?
Replies: 180
Views: 10699

Re: Does your retirement plan work if stocks are flat or in decline for decades?

It depends. If SS is eliminated,, I would be screwed. If SS is cut be 25% and keep what I have , ok.. If I lose 50% for over a decade, I am again in deep doo doo. SS comes nowhere into my retirement planning. I am in my 30's. It will be either greatly reduced or have a significantly older eligibili...
by mak1277
Mon May 13, 2019 11:02 am
Forum: Personal Investments
Topic: Does your retirement plan work if stocks are flat or in decline for decades?
Replies: 180
Views: 10699

Re: Does your retirement plan work if stocks are flat or in decline for decades?

Clearly you can believe what you wish but SS is the most popular entitlement there is, and it's not going anywhere. The sky is not falling. The changes needed are very minor in relative terms: higher income cutoff (probably the easiest to implement), higher FRA (seems likely but will be phased in) ...