Search found 1001 matches

by HornedToad
Wed Nov 06, 2019 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: How to collaborate with IT coworkers?
Replies: 6
Views: 581

Re: How to collaborate with IT coworkers?

Well you probably won’t get very far with that attitude. Put yourself in their shoes. Why do you think they take those approaches? Be charitable and assume good intention. For the case of your first coworker, do you check the wiki and other sources for the answer to your question before you call pe...
by HornedToad
Wed Nov 06, 2019 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Sapphire Reserve - Fees Waived?
Replies: 54
Views: 4878

Re: Chase Sapphire Reserve - Fees Waived?

I will be attempting to get the $75 fee waived on the 2nd card, saying we don't need the 2nd priority pass. I want the 4.25% equivalent value on dining/travel points redeemed for travel. My Uber card is going bye bye. My wife has the CSR and we decided to simply forego having a second card. I can s...
by HornedToad
Sun Nov 03, 2019 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: New Job, Depressed, Money issues
Replies: 89
Views: 11551

Re: New Job, Depressed, Money issues

"The only way out is through". You need to embrace that philosophy and not start looking for easier or alternative solutions and focus on putting your head down and learning as much as possible. If you don't learn in time and end up getting fired, then you'll be in a much better situation for the ne...
by HornedToad
Sat Nov 02, 2019 8:16 pm
Forum: Personal Investments
Topic: Employee stock purchase plan - a no-brainer?
Replies: 11
Views: 1080

Re: Employee stock purchase plan - a no-brainer?

Basically anything better than a 5% discount is a no-brainer. I consider 5% right where the hassle factor, trade fees, lockup and fluctuation in price where it doesn't make it auto-matic.
by HornedToad
Tue Oct 22, 2019 11:02 pm
Forum: Personal Finance (Not Investing)
Topic: Is principal portion of mortgage counted for savings rate purposes?
Replies: 126
Views: 6655

Re: Is principal portion of mortgage counted for savings rate purposes?

I think of savings like what is my increase in net worth that I can control, e.g ignoring market fluctuations So in that case it is savings just like saving to 401k, Roth IRA or investment accounts. It’s just illiquid. However, I guess I treat it both ways when I look at monthly expenses, I count th...
by HornedToad
Wed Oct 16, 2019 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: Prenuptial agreement for moderately successful 30 year olds
Replies: 68
Views: 4987

Re: Prenuptial agreement for moderately successful 30 year olds

Hers - $175k in assets. No debt. $105k salary. His - $825k plus about $100k of equity in our $325k house that I've lived in for 7 years. No debt aside from mortgage. $120k salary. I am no expert, but doesn't sound like a prenup is needed for this situation. Since you both earn similar amounts, then...
by HornedToad
Tue Oct 15, 2019 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: Frustrated with dentist fees
Replies: 82
Views: 6185

Re: Frustrated with dentist fees

You've literally started the exact same thread before on this website, the only thing different being the dollar amounts. Did you read the responses in your original thread? Did you read your dental insurance policy documents after the last "incident" and this new one? If I was the dentist, I'd cle...
by HornedToad
Wed Oct 09, 2019 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: Dilemma buying a new house
Replies: 31
Views: 2629

Re: Dilemma buying a new house

We have already set up home equity line of credit in case we need to use it as part of the downpayment. Debt to income ratio with two mortgages is right at 36%. This is calculated by adding the mortgages, HELOC interest, credit card minimum payment and divide by gross annual income. The above seems...
by HornedToad
Sat Sep 28, 2019 11:46 am
Forum: Personal Finance (Not Investing)
Topic: Employer is relocating - how to be allowed to work remotely
Replies: 51
Views: 3759

Re: Employer is relocating - how to be allowed to work remotely

"I really like the company and mission and would like to continue delivering great work. Unfortunately it's impossible for my family to move with the relocation. Is there any way we could work something out to work remotely so I can continue to stay at the company and deliver great work? I would be ...
by HornedToad
Wed Sep 25, 2019 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford around a $2M home?
Replies: 31
Views: 4098

Re: Can I afford around a $2M home?

Sell the condo.

Anything under 2.5M is doable. 2M would be comfortable depending on other expenses
by HornedToad
Fri Sep 20, 2019 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: IT compensation comparison
Replies: 269
Views: 24527

Re: IT compensation comparison

Here we have relatively new software engineers making $250k+, but also have low level IT workers (IT helpdesk) making $85k after 3 years. That's a gigantic difference. I wonder why every IT person doesn't just get a job as a software engineer then? And why isn't every software engineer in the count...
by HornedToad
Thu Sep 19, 2019 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: 2 weeks notice or No Notice ? save 3.5K or Reputation ?
Replies: 135
Views: 11204

Re: 2 weeks notice or No Notice ? save 3.5K or Reputation ?

Even if you are let go immediately, most companies still pay out the two weeks. At least any of the good ones do
by HornedToad
Thu Sep 19, 2019 11:18 am
Forum: Personal Finance (Not Investing)
Topic: IT compensation comparison
Replies: 269
Views: 24527

Re: IT compensation comparison

Don't compare IT and Tech companies, they have different pay scales and skillsets. For skill sets in IT/Information Systems (IS) that do overlap (software engineering, data and analytics, Cloud, etc) then the pay scales are much closer although Tech companies still are significantly higher. Many com...
by HornedToad
Wed Sep 18, 2019 10:19 pm
Forum: Personal Consumer Issues
Topic: Vacation ideas for February
Replies: 48
Views: 3909

Re: Vacation ideas for February

LiveSimple wrote:
Wed Sep 18, 2019 2:07 am
Bobby206 wrote:
Tue Sep 17, 2019 8:25 pm
Hawaii.
Anytime
Yep.

Hawaii, Costa Rica, French Polynesia (Bora Bora is the most beautiful place on earth), Fiji.

Fiji gives a nice mix of Mexico like activities (beach/pool volleyball, jetski safari, with Hawiaii level safety)
by HornedToad
Tue Sep 17, 2019 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: Negotiating Salary out of College
Replies: 36
Views: 2237

Re: Negotiating Salary out of College

Afty wrote:
Tue Sep 17, 2019 11:00 am
mak1277 wrote:
Tue Sep 17, 2019 10:57 am
I think your best bet is to secure another job offer (or more than one) if possible. This would give you both more information and possible leverage.
+1. Without another offer, you have very little leverage.
agreed
by HornedToad
Sun Sep 15, 2019 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area teacher saving half my income – why the doubt? (and asking more questions)
Replies: 508
Views: 29307

Re: Bay Area teacher saving half my income – why the doubt? (and asking more questions)

The takeaway is that you live on ~$3k/mo after housing/childcare costs for a family of 3. Seems frugal but reasonable as many others in America live on that or less. You've found ways to make it work and live a happy, luxurious life for yourself. It also helps having the safety net from high savings...
by HornedToad
Sun Sep 15, 2019 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area teacher saving half my income – why the doubt? (and asking more questions)
Replies: 508
Views: 29307

Re: Bay Area teacher saving half my income – why the doubt? (and asking more questions)

. We're going with my in-laws. They have a two bedroom timeshare and we'll stay there for no cost. The in-laws will also watch the kiddo while my wife and I take a snorkeling cruise together. The sunsets are lovely and free. I follow the same strategy with bonuses. What you're saying - in-laws pay ...
by HornedToad
Sun Sep 15, 2019 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Two Chase Sapphire Reserve Cards or one CSR + 1 other
Replies: 12
Views: 1349

Re: Two Chase Sapphire Reserve Cards or one CSR + 1 other

You can also request a replacement CSR if you want and give it to your wife to use as well so you both have one that just go to the same account. Thanks. Can you get a free replacement or do you mean $75 add on member. Free replacement. The Authorized member gets their own priority pass and you can...
by HornedToad
Sun Sep 15, 2019 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: Two Chase Sapphire Reserve Cards or one CSR + 1 other
Replies: 12
Views: 1349

Re: Two Chase Sapphire Reserve Cards or one CSR + 1 other

There's no reason to have 2 CSR's. You can transfer UR points within a family and just use the Chase Freedom Unlimited for the other user. You can also request a replacement CSR if you want and give it to your wife to use as well so you both have one that just go to the same account. For other premi...
by HornedToad
Sun Sep 15, 2019 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area teacher saving half my income – why the doubt? (and asking more questions)
Replies: 508
Views: 29307

Re: Bay Area teacher saving half my income – why the doubt? (and asking more questions)

Good job Ron 👍🏼. Life dealt you a hand, and you’ve played it phenomenally thus far. Haters are gonna hate 🤷🏽‍♂️. I find it funny when others say, oh no OP is doing this because of that and this, no OP is playing chess while you’re playing checkers. To answer your three questions, yes, the emergency...
by HornedToad
Sat Sep 14, 2019 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area teacher saving half my income – why the doubt? (and asking more questions)
Replies: 508
Views: 29307

Re: Bay Area teacher saving half my income – why the doubt? (and asking more questions)

Good for you OP! I agree with other posters that it is eye opening how different tax liability can be. $1,700 per year federal and state combined ???? :sharebeer Seriously. This is messed up. Our income is over 400k and we paid over 75k in income taxes. So we make roughly 4x as much money and pay r...
by HornedToad
Sat Sep 14, 2019 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area teacher saving half my income – why the doubt? (and asking more questions)
Replies: 508
Views: 29307

Re: Bay Area teacher saving half my income – why the doubt? (and asking more questions)

You bought your home at extreme low in 2010, otherwise you’d be commuting from Manteca to Silicon Valley. There is an element of good fortune that is enabling your ability to live in tri-Valley Bay Area. What % of current Bay Area residents have lived there since 2010 or earlier? I’d guess 80%. Pro...
by HornedToad
Fri Sep 13, 2019 7:20 pm
Forum: Personal Finance (Not Investing)
Topic: Move up in house?
Replies: 25
Views: 2780

Re: Move up in house?

Depends on whether it’s moving from 10% of gross to 20% for monthly mortgage or more like 20% to 40%. Since you won’t share numbers, but on 15 year mortgage, 33% down and presumably stable jobs, then do what makes you happy If not stable jobs or drastically over extending affordability (>35%+ Piti t...
by HornedToad
Fri Sep 13, 2019 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Whistleblowing / Going Rogue at Work
Replies: 122
Views: 6399

Re: Whistleblowing / Going Rogue at Work

I would meet. You want changes done and improvements in it or you would not have sent emails. Now he has the power to make the changes and probably thank you for feedback. Not meeting makes you look overly paranoid and would discount what you've been communicating for the last year. You chose to ema...
by HornedToad
Thu Sep 12, 2019 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: How many years for each $250k of net worth?
Replies: 36
Views: 6163

Re: How many years for each $250k of net worth?

Both income and investment returns go up from the first $250k until income starts to flatline. Depending on how much you save your raises you can estimate something like 7 years, 5 years and then maybe perpetually 3-4 years afterwards depending on expenses/investment returns.
by HornedToad
Wed Sep 11, 2019 8:38 pm
Forum: Personal Finance (Not Investing)
Topic: When do you start gifting the max to your family members? When is enough NW totally enough?
Replies: 80
Views: 9648

Re: When do you start gifting the max to your family members? When is enough NW totally enough?

$30Million or so. Or 4x life expectancy/annual expenses. e.g. 20 years life expectancy and 80 years of expenses.
by HornedToad
Fri Sep 06, 2019 11:53 pm
Forum: Personal Consumer Issues
Topic: Hilton Honors points stolen
Replies: 20
Views: 3211

Re: Hilton Honors points stolen

Happened to me as well. If you call Hilton they'll open a fraud case and eventually refund the points. Potentially give you a new membership number as well
by HornedToad
Thu Sep 05, 2019 6:49 pm
Forum: Personal Finance (Not Investing)
Topic: What do you think is considered a "good" Paternity Leave policy?
Replies: 9
Views: 685

Re: What do you think is considered a "good" Paternity Leave policy?

6 weeks. Use within 12 months of birth and can be split

Then can take ~3weeks after birth and another 3 weeks after maternity leave ends or later in the year for more family bonding
by HornedToad
Wed Sep 04, 2019 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: How often do you receive out-of-sequence pay bumps?
Replies: 56
Views: 3361

Re: How often do you receive out-of-sequence pay bumps?

Every 3-4 years but will slow after next promotion as not much upward mobility after that. I'm 40s I've been told it's really only job changes as the career trajectory of early career growth flattens. That's why don't buy a house in mid 30s assuming same 2-5x+ salary growth as might have happened in...
by HornedToad
Wed Sep 04, 2019 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: HELP! New Job Offer Freezes 401k Contributions for 1 year, Alternatives?
Replies: 20
Views: 1603

Re: HELP! New Job Offer Freezes 401k Contributions for 1 year, Alternatives?

I ran the numbers and not being allowed to contribute $19,000 for a whole year ends up costing ~$146,000 in 30 years. I think that's how much less you'd have in tax-deferred, not what it would actually cost. I'd just take what you would have invested the first year, and invest it in a taxable accou...
by HornedToad
Wed Sep 04, 2019 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: Home Appraisal Fee
Replies: 6
Views: 583

Re: Home Appraisal Fee

Take a higher rate so the negative points cover all expected closing costs to make it a no cost refinance
by HornedToad
Tue Sep 03, 2019 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: Some Computer Science Career Advise?
Replies: 56
Views: 4901

Re: Some Computer Science Career Advise?

Thanks so much for the responses! I had another talk with the senior director today. He says that he's had four people in the last nine months that have wanted to quit, and I'm the first one that he's offered to talk to (implying that he likes me). He said that the VP and Senior VP (reports to CEO)...
by HornedToad
Tue Sep 03, 2019 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: Some Computer Science Career Advise?
Replies: 56
Views: 4901

Re: Some Computer Science Career Advise?

It’s time to leave. You went and got competing offer and it’s much better. Your company had the chance to retain you and chose not to. Of course your manager is scared you’ll leave, but he couldn’t get it done and the firm didn’t value promotion Once you’ve actually got the other offer, it’s time to...
by HornedToad
Fri Aug 30, 2019 11:27 pm
Forum: Personal Finance (Not Investing)
Topic: Investing in my Company Stock Plan (ESPP) - is it worth it?
Replies: 39
Views: 2138

Re: Investing in my Company Stock Plan (ESPP) - is it worth it?

I would do it in an instant. 100 percent return. Hopefully the stock pays a dividend as well. But that should not, of course, be your main retire,ent savings, more like a little bit of extra. In general, there is no benefit to investing in stocks in the open market but this is a special situation. ...
by HornedToad
Fri Aug 30, 2019 9:32 pm
Forum: Personal Finance (Not Investing)
Topic: Any Bay Area companies hiring part-time remote programmers?
Replies: 23
Views: 2185

Re: Any Bay Area companies hiring part-time remote programmers?

IME this is not common. Remote is getting much more common but part-time not so much. I know of a handful of people who've gone part-time remote but they've been long-time employees who needed to downshift and the company was willing to work with them because their experience was so valuable. Also,...
by HornedToad
Sat Aug 24, 2019 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: Grass is greener on the other side - Need inputs
Replies: 25
Views: 3029

Re: Grass is greener on the other side - Need inputs

Great inputs. I like option 2 also. I value the stability and decent predictability. We are sort of comfortable, in late 30s, with a $1.2M NW. We have couple of properties, live in a nice neighborhood in 3k sqft house with a pool (common in PHX). Currently, we try to save about $95k/year between th...
by HornedToad
Sat Aug 24, 2019 6:07 pm
Forum: Personal Finance (Not Investing)
Topic: Agreeing to part ways at job
Replies: 62
Views: 7845

Re: Agreeing to part ways at job

https://www.financialsamurai.com/how-to ... g-goodbye/

There's also several similar on Amazon. I agree with talking to lawyer, but make them buy you out.
by HornedToad
Sat Aug 24, 2019 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Grass is greener on the other side - Need inputs
Replies: 25
Views: 3029

Re: Grass is greener on the other side - Need inputs

Great inputs. I like option 2 also. I value the stability and decent predictability. We are sort of comfortable, in late 30s, with a $1.2M NW. We have couple of properties, live in a nice neighborhood in 3k sqft house with a pool (common in PHX). Currently, we try to save about $95k/year between th...
by HornedToad
Fri Aug 23, 2019 9:02 pm
Forum: Personal Finance (Not Investing)
Topic: Do you categorize additional contribution to debt repay as saving?
Replies: 101
Views: 3958

Re: Do you categorize additional contribution to debt repay as saving?

alter wrote:
Fri Aug 23, 2019 8:35 pm
The more debt you accrue, the more you are forced to save. Recipe for success if you ask me.
Interest on debt doesn’t count..

There’s a reason for the general population that having a home helps them grow wealth due to forced “savings” of mortgage principle pay down.
by HornedToad
Fri Aug 23, 2019 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: Bought a home a year back, thinking of selling now
Replies: 51
Views: 5341

Re: Bought a home a year back, thinking of selling now

Keep the house. Stop reading the news. Problem solved.

You make enough that you are fine with the house and just rebuild your emergency fund/taxable savings so that it helps you sleep better.
by HornedToad
Fri Aug 23, 2019 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: Do you categorize additional contribution to debt repay as saving?
Replies: 101
Views: 3958

Re: Do you categorize additional contribution to debt repay as saving?

vineviz wrote:
Fri Aug 23, 2019 11:50 am
HornedToad wrote:
Fri Aug 23, 2019 11:48 am
No one would argue "saving" for an expense a week later is "savings".
An economist certainly would :)
Lol fair enough.
by HornedToad
Fri Aug 23, 2019 11:57 am
Forum: Personal Finance (Not Investing)
Topic: Do you sacrifice to save?
Replies: 97
Views: 8840

Re: Do you sacrifice to save?

Yes. My wife and I like nice things in life.

Getting up to 20-25% retirement savings I haven't felt the sacrifice, trying to go above that would be more sacrificial and we strive to find the right balance of living now vs savings for future and what's reasonable consumption smoothing.
by HornedToad
Fri Aug 23, 2019 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Do you categorize additional contribution to debt repay as saving?
Replies: 101
Views: 3958

Re: Do you categorize additional contribution to debt repay as saving?

I'm good with mortgage principle paydown as "savings". I don't track other temporary savings for planned expenses as "savings. e.g. I self-escrow my property taxes. The money I save for that isn't monthly savings, it's set aside for a future near term expense. “Money set aside for a future expense”...
by HornedToad
Thu Aug 22, 2019 11:04 pm
Forum: Personal Finance (Not Investing)
Topic: White collars- How much is your work downtime?
Replies: 203
Views: 17565

Re: White collars- How much is your work downtime?

Engineer. Maybe 10% but work 50+ hours/week, so its more a matter of not being as efficient and needing to take a break to check bogleheads/espn/etc. Not true downtime where there is nothing to do at work. There's a reason people say if you want something done, give it to the busiest person in the o...
by HornedToad
Thu Aug 22, 2019 10:05 pm
Forum: Personal Finance (Not Investing)
Topic: Do you categorize additional contribution to debt repay as saving?
Replies: 101
Views: 3958

Re: Do you categorize additional contribution to debt repay as saving?

I know additional payment towards debt repayment (like additional toward mortgage principal) is not savings strictly speaking. But I am curious to know how do you track those in your income-expense-savings tracker. I agree with others who observe the any form debt reduction, whether scheduled or ad...
by HornedToad
Thu Aug 22, 2019 7:02 pm
Forum: Personal Investments
Topic: When Did You Ease Up On Saving Aggressively?
Replies: 170
Views: 13782

Re: When Did You Ease Up On Saving Aggressively?

I never said that. If you're saving it for retirement, it counts in your savings rate, regardless of what vehicle you save it in - IRA, 401k, or any other vehicle meant to be tapped when you retire. The exact figures are not relevant. To me, "saved" and "savings rate" are not the same thing. "Savin...
by HornedToad
Thu Aug 22, 2019 6:29 pm
Forum: Personal Investments
Topic: When Did You Ease Up On Saving Aggressively?
Replies: 170
Views: 13782

Re: When Did You Ease Up On Saving Aggressively?

That being said, I only count funding retirement as "savings." Money toward mortgage principal? Not savings. Money set aside for a future major purchase? Not savings. Money left over at the end of the month after all expenses are paid? Not savings. I see people on forums, particularly r/financialin...
by HornedToad
Thu Aug 22, 2019 2:02 pm
Forum: Personal Investments
Topic: When Did You Ease Up On Saving Aggressively?
Replies: 170
Views: 13782

Re: When Did You Ease Up On Saving Aggressively?

That being said, I only count funding retirement as "savings." Money toward mortgage principal? Not savings. Money set aside for a future major purchase? Not savings. Money left over at the end of the month after all expenses are paid? Not savings. I see people on forums, particularly r/financialin...
by HornedToad
Mon Aug 19, 2019 10:28 pm
Forum: Personal Finance (Not Investing)
Topic: "No cost" mortgage refi: will lender pay my fees?
Replies: 7
Views: 513

Re: "No cost" mortgage refi: will lender pay my fees?

All you have to do is just take a rate high enough with points back that covers the fees of the refinance.

So if 0 points is 3.5%, then -1 point might be 3.75% and that -1 point is worth X thousand. If that covers you are fees then you're good.
by HornedToad
Sun Aug 18, 2019 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford new House of $500-550k?
Replies: 9
Views: 1360

Re: Can we afford new House of $500-550k?

Obviously you can if you are retiring at 65. In your FIRE goals, when are you actually retiring? You certainly don't need $6M if you spend ~75k year+taxes.