Search found 199 matches

by DFWinvestor
Fri Feb 28, 2014 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: UPDATE: [physician, career options, life options]
Replies: 93
Views: 11822

Re: UPDATE: [physician, career options, life options]

Giving up on a lot of things at this age is harder to actually do than I imagined it would be. Instead of pursuing committee this, med staff that, system leadership whatever, I'd give up 0.2 FTE formal administrative duties, plus another 0.1-0.2 worth of clinical duties, and pretty much check out o...
by DFWinvestor
Fri Feb 28, 2014 5:18 pm
Forum: Investing - Help with Personal Investments
Topic: Rental Property Analysis
Replies: 17
Views: 2042

Re: Rental Property Analysis

Frankly speaking, annual turnover and 3-month vacancies is an extremely conservative expectation. At least, a standard lease is 1 year, and anything less comes with a premium. Unless... shudder... you're thinking of renting to students. In which case, I withdraw my endorsement. You're not a dormito...
by DFWinvestor
Fri Feb 28, 2014 9:43 am
Forum: Investing - Help with Personal Investments
Topic: Rental Property Analysis
Replies: 17
Views: 2042

Re: Rental Property Analysis

The quality of tenants I got from craigslist was depressingly worse than via a realtor. Totally worth the fee. This was my rationale as well. I see the process of finding tenants as a bit labor intensive and I'd be better off spending those hours at work rather than having to show the property, dea...
by DFWinvestor
Fri Feb 28, 2014 8:35 am
Forum: Investing - Help with Personal Investments
Topic: Rental Property Analysis
Replies: 17
Views: 2042

Re: Rental Property Analysis

$9,000-($2,300x3)=$2,100. Hey, you're subtracting cash flow from net income. The $2300 pays $500 back to you in equity, so your net income in that case is $3600. The numbers look good. If you're up for the job, why not. Try to refinance into a better rate while you're there. Also, look into various...
by DFWinvestor
Thu Feb 27, 2014 9:09 pm
Forum: Investing - Help with Personal Investments
Topic: Rental Property Analysis
Replies: 17
Views: 2042

Rental Property Analysis

Hello everyone, this is a bit of an offshoot to a previous post where I mentioned the possibility of being a landlord, amongst other things. I wanted to get a little more specific input on our current property as I am considering keeping it as a rental. Beforehand a little backstory: wife and I boug...
by DFWinvestor
Thu Feb 27, 2014 6:28 pm
Forum: Investing - Help with Personal Investments
Topic: physician 2.5 years out of training
Replies: 71
Views: 8746

Re: physician 2.5 years out of training

I understand the Dave Ramsey method. I don't have a cash flow issue, so I am paying off the highest tax-adjusted rate loan first, which I did calculate (not in original post). It turns out it is the 3.42% student loan which I have decreased by 20k since original post. That's one reason I thought so...
by DFWinvestor
Thu Feb 27, 2014 5:38 pm
Forum: Investing - Help with Personal Investments
Topic: physician 2.5 years out of training
Replies: 71
Views: 8746

Re: physician 2.5 years out of training

I think I've seen this thread before. People tend to pile on the OP a little bit IMO in most of these threads. There is a thin line between offering useful suggestions and shaming someone for their debt burden---in this case most of which was for education. I don't see the condo as a huge burden giv...
by DFWinvestor
Mon Feb 17, 2014 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Should I become sole provider for fiance?
Replies: 97
Views: 8335

Re: Should I become sole provider for fiance?

I'm sorry but it's threads like this that make me less likely to frequent this forum in the future. Then why do you read threads like this? That's a fair question and I may not in the future. One reason I read this particular thread was I have in some respects been in a similar situation myself. Bu...
by DFWinvestor
Mon Feb 17, 2014 9:15 am
Forum: Personal Finance (Not Investing)
Topic: Should I become sole provider for fiance?
Replies: 97
Views: 8335

Re: Should I become sole provider for fiance?

I'm sorry but it's threads like this that make me less likely to frequent this forum in the future. Everyone is incredibly cynical and everyone believes they know what is right for someone else's life. Everyone has one anecdote to share from a friend of a friend who was in this situation and it did...
by DFWinvestor
Mon Feb 17, 2014 8:27 am
Forum: Personal Finance (Not Investing)
Topic: Should I become sole provider for fiance?
Replies: 97
Views: 8335

Re: Should I become sole provider for fiance?

I'm sorry but it's threads like this that make me less likely to frequent this forum in the future. Everyone is incredibly cynical and everyone believes they know what is right for someone else's life. Everyone has one anecdote to share from a friend of a friend who was in this situation and it didn...
by DFWinvestor
Sat Feb 15, 2014 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: UPDATE- Paying back student loans- Am I being too aggressive???
Replies: 34
Views: 4461

Re: Paying back student loans- Am I being too aggressive???

These threads are always interesting. There are a lot of reasonable approaches. I don't fault you for getting wife a new car particularly given the length of her commute and how old (and potentially unreliable) her old car was. My wife and I collectively have similar income although a few years olde...
by DFWinvestor
Tue Feb 11, 2014 3:30 pm
Forum: Personal Consumer Issues
Topic: Raising kids in a small town vs. big city/suburbs
Replies: 89
Views: 11522

Re: Raising kids in a small town vs. big city/suburbs

I grew up in a foreign country, but we went through this as kids. My mom wanted to "escape" the small town to "give us better opportunities in life". We moved and we went to better schools and than college. We left extended family behind - all my aunts, uncles, cousins. I missed them very much. She...
by DFWinvestor
Tue Jan 28, 2014 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: Student loans
Replies: 13
Views: 1457

Re: Student loans

Just curious how do you get a guaranteed rate of 7% in a 403b and where can I sign up?
by DFWinvestor
Sat Jan 25, 2014 2:48 pm
Forum: Personal Consumer Issues
Topic: hybrid cars
Replies: 55
Views: 4897

Re: hybrid cars

Not to veer off topic but it seems to me that the studies looking at environmental impact of hybrid batteries, mining, etc overlook one thing: Gasoline also has to be drilled for, refined, and transported all over the country. This also requires a significant amount of energy and it's next to imposs...
by DFWinvestor
Sun Jan 05, 2014 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: Living vs. saving
Replies: 75
Views: 11274

Re: Living vs. saving

This may not be a popular opinion here, but it is not really a badge of honor to stack up as much money as you can while you drive an old beater of a car and clip coupons, brown bag for lunch every day, buy clothes at a thrift store, and never go to a nice dinner out. For those who truly enjoy livi...
by DFWinvestor
Sun Jan 05, 2014 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: Living vs. saving
Replies: 75
Views: 11274

Re: Living vs. saving

To the OP: I can certainly relate to having a difficult time striking the right balance between saving and rewarding yourself. Having spent the past 6.5 years making 300K or more annually, I have been super aggressive about investing and paying down debt. And I find that reaching financial milestone...
by DFWinvestor
Sun Jan 05, 2014 2:34 pm
Forum: Personal Consumer Issues
Topic: Possible new car in the cards
Replies: 13
Views: 1246

Re: Possible new car in the cards

This is a great example of how buying the cheapest wheels available can wind up leading to more costs/headache than it's worth. It sounds like you had some very good reasons for doing so at the time though. I think I'd spring for something new this time, maintain it well, and plan on driving it for ...
by DFWinvestor
Sun Dec 29, 2013 5:49 pm
Forum: Personal Consumer Issues
Topic: Frugal suit purchase options--need, but don't want
Replies: 52
Views: 7188

Re: Frugal suit purchase options--need, but don't want

I'm surprised no one has mentioned Jos. A Bank. I bought two of theirs a few years back and have been very pleased.
by DFWinvestor
Mon Dec 23, 2013 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: Swamped In Debt - Thoughts?
Replies: 68
Views: 15098

Re: Swamped In Debt - Thoughts?

I think the arguments for both sides have been pretty well laid out so I won't belabor that. If it were me I'd pay off both cars tomorrow, free up over $800/month immediately. If you put all of your cash towards the 2nd mortgage you still wouldn't have it paid off. Pay off the cars and approach it f...
by DFWinvestor
Sat Dec 14, 2013 3:20 am
Forum: Investing - Help with Personal Investments
Topic: Considering a "Year Off" from retirement contributions.....
Replies: 64
Views: 7115

Re: Considering a "Year Off" from retirement contributions..

What a pompus attitude. I only make 1/5th as much as he does, what kind of car am I supposed to drive? He feels the need to drive a car that reflects his pay rate. :annoyed I'm anything but pompous and I've never been a guy who needed a "status car". But this one in particular I'm pretty fired up a...
by DFWinvestor
Fri Dec 13, 2013 11:17 pm
Forum: Investing - Help with Personal Investments
Topic: Considering a "Year Off" from retirement contributions.....
Replies: 64
Views: 7115

Re: Considering a "Year Off" from retirement contributions..

It seems to me that given your income and age your retirement accounts are pretty thin, and you are almost 40 with student loans still on the books. I think you should consider stretching out your expenditures over a period of years. Once you have a child you will also find a whole new set of expen...
by DFWinvestor
Fri Dec 13, 2013 7:27 pm
Forum: Investing - Help with Personal Investments
Topic: Considering a "Year Off" from retirement contributions.....
Replies: 64
Views: 7115

Re: Considering a "Year Off" from retirement contributions..

Thanks all for the continued thoughtful input. Porcupine---we have paid about 28% most years in taxes, after subtracting out deductions for real estate, pre-tax investments, etc. I have a SEP and I'm a 1099 employee so can contribute up to 51K annually. I don't worry so much about my wife and I not ...
by DFWinvestor
Fri Dec 13, 2013 5:59 pm
Forum: Investing - Help with Personal Investments
Topic: Considering a "Year Off" from retirement contributions.....
Replies: 64
Views: 7115

Re: Considering a "Year Off" from retirement contributions..

To put it another way, no one ever said "I saved too much money for retirement." Plenty of people have regretted buying a car, or buying "too much house too soon." Agree with almost all of your post but this I think is debatable. There are plenty of people in this world who work too much, die with ...
by DFWinvestor
Fri Dec 13, 2013 5:53 pm
Forum: Investing - Help with Personal Investments
Topic: Considering a "Year Off" from retirement contributions.....
Replies: 64
Views: 7115

Re: Considering a "Year Off" from retirement contributions..

Gives me pause to hear someone on this forum say that maybe they regret paying off their loans so quickly. Given that it was exactly the advice I received for my question, it truly points to how personal that decision really is. Mark I had people warn me against it. I thought they were foolish. The...
by DFWinvestor
Fri Dec 13, 2013 5:40 pm
Forum: Investing - Help with Personal Investments
Topic: Considering a "Year Off" from retirement contributions.....
Replies: 64
Views: 7115

Re: Considering a "Year Off" from retirement contributions..

It seems to me that given your income and age your retirement accounts are pretty thin, and you are almost 40 with student loans still on the books. I think you should consider stretching out your expenditures over a period of years. Once you have a child you will also find a whole new set of expen...
by DFWinvestor
Fri Dec 13, 2013 5:32 pm
Forum: Investing - Help with Personal Investments
Topic: Considering a "Year Off" from retirement contributions.....
Replies: 64
Views: 7115

Re: Considering a "Year Off" from retirement contributions..

don't stop retirement investing, when it may be hard to start it up again. That is one of my worries, although I think I could pull it off. Our "settle down home" would likely only cost an extra $2,000 a month and half of that would be off set by the rental property income. My wife is not maxing he...
by DFWinvestor
Fri Dec 13, 2013 5:01 pm
Forum: Investing - Help with Personal Investments
Topic: Considering a "Year Off" from retirement contributions.....
Replies: 64
Views: 7115

Considering a "Year Off" from retirement contributions.....

Hey all, I have a lot of big decisions to make and would like to hear your points of view. I know the strict bogleheads answer would be this is not a good idea. But we don't always live our lives on paper. Let me just explain a little about my situation. This is more than I would typically share in ...
by DFWinvestor
Wed Oct 23, 2013 10:11 am
Forum: Personal Consumer Issues
Topic: Moving to Dallas, TX
Replies: 76
Views: 7340

Re: Moving to Dallas, TX

I'm not sure the proximity to the airport is a big advantage for Grapevine/Keller. Unless you are going to DFW on a VERY regular basis it just doesn't make a big difference. I can get to DFW airport in just over 20 minutes from Dallas (near downtown) if there isn't much traffic. We also have Love F...
by DFWinvestor
Tue Oct 22, 2013 5:35 pm
Forum: Personal Consumer Issues
Topic: Moving to Dallas, TX
Replies: 76
Views: 7340

Re: Moving to Dallas, TX

Dallas resident for nine years. I enjoy a lot of things about this city, we are lacking in "outdoorsy" things compared to some areas but there is just enough of it to keep me here. I love White Rock Lake and White Rock creek biking trails, Katy trail is also nice except for being a little too heavil...
by DFWinvestor
Fri Aug 30, 2013 4:07 pm
Forum: Personal Consumer Issues
Topic: Tesla S
Replies: 1002
Views: 184397

Re: Tesla S

I haven't checked this thread in a good while but it seems to me the naysayers are getting more and more nit picky, to try to find criticisms. Kind of a desperate run to find something not to like about the car or the company. We have a new car company, producing cars right here in the United States...
by DFWinvestor
Sun Jul 21, 2013 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: What risks did you choose to take?
Replies: 18
Views: 2255

Re: What risks did you choose to take?

I would not describe myself as a huge risk taker, but I have a few. 1) Leaving a good secure job where I had a small administrative role to supplement my income to go in a different direction with a new company. Starting anew is never easy. I am four months in and it has been a bit of a bumpy road i...
by DFWinvestor
Thu Jul 18, 2013 8:48 am
Forum: Investing - Help with Personal Investments
Topic: Late 30s: 2 Years In
Replies: 42
Views: 5155

Re: Late 30s: 2 Years In

I think I'd set a goal to have your wife's car paid off in the next 12-15 months. I am guessing your cash emergency fund is earning less than the interest on her car loan, although by a marginal amount. When you have fewer fixed monthly expenses, your emergency fund can be smaller as a result. Or to...
by DFWinvestor
Tue Jul 09, 2013 10:07 am
Forum: Personal Finance (Not Investing)
Topic: How to get over finance envy
Replies: 167
Views: 24378

Re: How to get over finance envy

A lot of great points from many different angles. Another thing to consider is there are probably some things you may splurge on that these people don't (or at least some of them). For instance, when my friends and I all started earning good salaries a few years back I stuck with my old Camry while ...
by DFWinvestor
Fri Jul 05, 2013 4:00 pm
Forum: Personal Consumer Issues
Topic: Tesla S
Replies: 1002
Views: 184397

Re: Tesla S

But to rationalize that it's green is a bit disingenuous in my opinion. Growth of clean/renewable energy sources is exponential right now. Here's just one link to TX: http://www.window.state.tx.us/specialrpt/energy/renewable/wind.php I have been on wind energy for the past seven years. Solar is bec...
by DFWinvestor
Fri Jul 05, 2013 12:20 pm
Forum: Personal Consumer Issues
Topic: Tesla S
Replies: 1002
Views: 184397

Re: Tesla S

DWFinvestor, I think from the replies you see my point (and btw, I am also not ignorant, but I am asking hard questions). I realize you are buying a Tesla, or already have which has colored your responses as you are protecting your investment. While understandable, that could be described as 'ignor...
by DFWinvestor
Fri Jul 05, 2013 11:55 am
Forum: Personal Consumer Issues
Topic: Tesla S
Replies: 1002
Views: 184397

Re: Tesla S

jdb wrote: Model S received highest crash rating, five stars.
When did they release the crash rating results? I follow Tesla fairly closely and I must have missed it.
by DFWinvestor
Fri Jul 05, 2013 12:10 am
Forum: Personal Consumer Issues
Topic: Tesla S
Replies: 1002
Views: 184397

Re: Tesla S

Apology accepted but you continually are referring to the future as if it is a fact and it isn't. I want this car to succeed. I have nothing against it. I would never buy a car with the "hope" that these things come on in a timely fashion (if they are important to you). You could be 4 years into th...
by DFWinvestor
Thu Jul 04, 2013 11:37 pm
Forum: Personal Consumer Issues
Topic: Tesla S
Replies: 1002
Views: 184397

Re: Tesla S

Uh, what you just admitted is the point of my original post. That is a weakness with the Tesla. It is near useless from a road trip/freedom perspective. I live in Chicago. Here in Chicago people drive up into Wisconsin or along the coast of Michigan or to Detroit or to Indianapolis or Cleveland. Or...
by DFWinvestor
Thu Jul 04, 2013 10:55 pm
Forum: Personal Consumer Issues
Topic: Tesla S
Replies: 1002
Views: 184397

Re: Tesla S

I don't think anyone "protests opposing viewpoints". It's more about being weary of ignorant viewpoints. You can see it in the posts above, another poster thought it took "hours" to charge. This was incorrect, which I pointed out. Superchargers are free and by next year you will be able to drive co...
by DFWinvestor
Thu Jul 04, 2013 10:34 pm
Forum: Personal Consumer Issues
Topic: Tesla S
Replies: 1002
Views: 184397

Re: Tesla S

\ By the protests to any opposing viewpoints , it appears that some here have already driven it and are now looking to justify a pending purchase to themselves, or perhaps have placed that deposit and are nervous about the long wait. Your mind is made up, but you are still the very small minority. ...
by DFWinvestor
Thu Jul 04, 2013 9:50 pm
Forum: Personal Finance (Not Investing)
Topic: 22 Year Old First Time Home Purchase?
Replies: 14
Views: 1231

Re: 22 Year Old First Time Home Purchase?

With all due respect OP, when I read the thread title my immediate response was "No, don't even consider it". Then I figured there would be some special circumstances like a huge inheritance which led to considering the home purchase, and there was not. At your age and income level, this would be a ...
by DFWinvestor
Thu Jul 04, 2013 9:22 pm
Forum: Personal Consumer Issues
Topic: Tesla S
Replies: 1002
Views: 184397

Re: Tesla S

The Tesla will remain the 'latest thing for the 1 percent' until ... and has a range of 450 miles+ _D_ It's a constant amusement that the detractors insist that electric cars must be able to do something that over 90% of the cars on the road can't. I'm amazed there are still naysayers at this stage...
by DFWinvestor
Thu Jul 04, 2013 8:01 pm
Forum: Investing - Help with Personal Investments
Topic: New Investor Portfolio Review, Bogle Me
Replies: 9
Views: 1584

Re: New Investor Portfolio Review, Bogle Me

knopflergrass , Put no more than $20K into taxable. Use the extra $100K to pay down your student loan debt. $270K is a huge drag on you. Much of this portfolio is dizzying to me and the allocation is beyond my level of knowledge, but this is what jumped out at me right away. If you put extra money ...
by DFWinvestor
Thu Jul 04, 2013 7:37 pm
Forum: Personal Consumer Issues
Topic: Tesla S
Replies: 1002
Views: 184397

Re: Tesla S

The Tesla will remain the 'latest thing for the 1 percent' until ... and has a range of 450 miles+ _D_ It's a constant amusement that the detractors insist that electric cars must be able to do something that over 90% of the cars on the road can't. I'm amazed there are still naysayers at this stage...
by DFWinvestor
Tue Jun 25, 2013 8:29 am
Forum: Personal Consumer Issues
Topic: "Beggar" at gas station - how would you handle it?
Replies: 73
Views: 11544

Re: "Beggar" at gas station - how would you handle it?

I generally tell them I don't have any cash and leave it at that. Fortunately I drive an older vehicle and don't look like I have much. I find that these people like gas stations because they are so high volume with plenty of people coming and going and a convenient excuse of "out of gas money". One...
by DFWinvestor
Mon Jun 24, 2013 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: What age did you reach 100K networth?
Replies: 299
Views: 67016

Re: What age did you reach 100K networth?

Impossible for me to say EXACTLY when I hit 100K because over the past six years I have aggressively chipped away at student loans and didn't track my net worth all that closely until most of the student loans were gone. It was kind of depressing for a few years watching my retirement balance grow, ...
by DFWinvestor
Mon Jun 24, 2013 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: 21, aspiring medical student
Replies: 17
Views: 1751

Re: 21, aspiring medical student

OP, I hope you can get your parents to read this. Parents: if you are upper middle class and can afford to give a no interest loan, you can afford to pay of rmedical school outrugt. I did for my daughter just recently and the pleasure of having a child graduate as a doctor with no debt is priceless...
by DFWinvestor
Mon Jun 24, 2013 10:47 am
Forum: Personal Finance (Not Investing)
Topic: 21, aspiring medical student
Replies: 17
Views: 1751

Re: 21, aspiring medical student

I would suggest trying to find a job as a scribe. I am an Emergency Medicine physician, I can tell you in my area there are many job opportunities for scribes. The new EMR programs are making documentation a tedious process, and scribes allow us to be more efficient---and a lot less frustrated as we...
by DFWinvestor
Sat May 04, 2013 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: UPDATE: [physician, career options, life options]
Replies: 93
Views: 11822

Re: [physician wants to explore career options]

yes just to clarify, I am talking about 25 x expenses, not income. I do have trouble spending money. But I don't think spending more is what I'm looking for. I want more blocks of time off for myself, and less pressure during the hours I actually work. I get what you are saying. One of my friends f...
by DFWinvestor
Sat May 04, 2013 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: UPDATE: [physician, career options, life options]
Replies: 93
Views: 11822

Re: [physician wants to explore career options]

Another physician here. Emergency Medicine. Just a shot in the dark and this may be way off target, but is there any possibility you are just not doing enough to enjoy yourself in your free time? The only reason I mention this is the fact that you are projecting you will have 25x your annual income ...