Search found 1516 matches

by guitarguy
Thu Mar 23, 2017 9:00 am
Forum: Personal Finance (Not Investing)
Topic: Supplemental/Passive Income
Replies: 7
Views: 716

Re: Supplemental/Passive Income

Re: supplemental income... Do you have any hobbies that you could start a business with? I turned my band into a business that nets me $1k/m on average. I can play guitar and piano and sing so I make money with that. Can you fix cars, computers, or stuff around the house? Design websites? Do landsca...
by guitarguy
Wed Mar 22, 2017 1:07 pm
Forum: Personal Consumer Issues
Topic: Where's the sweet spot in the cost/benefit curve for floor speakers?
Replies: 40
Views: 2812

Re: Where's the sweet spot in the cost/benefit curve for floor speakers?

This is too subjective to plot.

Listen to a bunch and buy the ones you like.

:beer
by guitarguy
Wed Mar 22, 2017 1:01 pm
Forum: Personal Consumer Issues
Topic: Debating a weekend in Chicago (south side)
Replies: 40
Views: 2166

Re: Debating a weekend in Chicago (south side)

Wow...thanks so much for all the ideas! It appears a stop to the Do Division festival might be in order. Definitely looking at some good food too...Big Star, Bongo Room, Au Cheval, west loop...all duly noted. A blues bar would be cool too...I wonder if a crisp Benjamin would get me up on stage to do...
by guitarguy
Tue Mar 21, 2017 2:03 pm
Forum: Personal Consumer Issues
Topic: $464.12 dinner bill last night. No regrets.
Replies: 78
Views: 10198

Re: $464.12 dinner bill last night. No regrets.

No offense, but this holier-than-thou argument could be made anytime anyone does *anything* that costs money. That family vacation you took? Could've donated the money instead of giving your family lifelong memories. Those Christmas gifts for your kids could've gone to families with kids that don't...
by guitarguy
Tue Mar 21, 2017 1:27 pm
Forum: Personal Consumer Issues
Topic: Debating a weekend in Chicago (south side)
Replies: 40
Views: 2166

Re: Debating a weekend in Chicago (south side)

ugh...whelp it turns out I read the schedule wrong and the ballgame is AWAY for chicago that weekend. :oops: The Cubs are at home but of course it's sold out. :oops: :oops: Now we're gonna need some activities to keep 3 dudes busy besides eating and drinking!!! :shock: You'll be able to get Cubs ti...
by guitarguy
Tue Mar 21, 2017 1:08 pm
Forum: Personal Consumer Issues
Topic: Debating a weekend in Chicago (south side)
Replies: 40
Views: 2166

Re: Debating a weekend in Chicago (south side)

ugh...whelp it turns out I read the schedule wrong and the ballgame is AWAY for chicago that weekend. :oops:

The Cubs are at home but of course it's sold out. :oops: :oops:

Now we're gonna need some activities to keep 3 dudes busy besides eating and drinking!!! :shock:
by guitarguy
Tue Mar 21, 2017 12:31 pm
Forum: Personal Consumer Issues
Topic: Debating a weekend in Chicago (south side)
Replies: 40
Views: 2166

Re: Debating a weekend in Chicago (south side)

4) Wicker Park/Bucktown. These are the areas to the West of Old Town and Lincoln Park. There's a nightlife area around the intersection of North Ave/Damen Ave/Milwaukee Ave. There's also a blue line stop there (Damen). Fun area. Big Star is a great place to go early, get a table outside and eat tac...
by guitarguy
Tue Mar 21, 2017 11:16 am
Forum: Personal Consumer Issues
Topic: Debating a weekend in Chicago (south side)
Replies: 40
Views: 2166

Re: Debating a weekend in Chicago (south side)

Well apparently everybody and their brother is visiting Chicago on the weekend of June 3...is there something going on? I've checked like 5 hotels and nothing available. Really? :confused :confused I was looking around the River North area based on recommendation...but maybe there's another area th...
by guitarguy
Tue Mar 21, 2017 10:55 am
Forum: Personal Consumer Issues
Topic: Debating a weekend in Chicago (south side)
Replies: 40
Views: 2166

Re: Debating a weekend in Chicago (south side)

Well apparently everybody and their brother is visiting Chicago on the weekend of June 3...is there something going on? I've checked like 5 hotels and nothing available. Really? :confused :confused I was looking around the River North area based on recommendation...but maybe there's another area tha...
by guitarguy
Tue Mar 21, 2017 10:51 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1637
Views: 251483

Re: What's Your Credit Card Rewards Strategy?

Reached a milestone today: One Million miles. Took a little over a year, wife and I have opened 25 cards in 14 months. Have used about 500,000 of them, holding the rest for a trip next year. We are going to take it easier this year, recently our applications have not been immediately approved, I fe...
by guitarguy
Tue Mar 21, 2017 10:08 am
Forum: Personal Consumer Issues
Topic: Debating a weekend in Chicago (south side)
Replies: 40
Views: 2166

Re: Debating a weekend in Chicago (south side)

Thanks everyone! We are certainly not hell-bent on staying anywhere in particular...so it looks like staying elsewhere and taking the train to/from the stadium is the way to go. That said, what can you guys recommend as far as a place to stay? Would be interested in recommendations for location/area...
by guitarguy
Tue Mar 21, 2017 9:18 am
Forum: Personal Consumer Issues
Topic: Debating a weekend in Chicago (south side)
Replies: 40
Views: 2166

Debating a weekend in Chicago (south side)

So I have been to Chicago several times staying more on the north side near Wrigley Field. Have been there for a ballgame. We had friends that used to live there and always stayed with them in their great location condo near lots of great restaurants and bars, in a great neighborhood, walking distan...
by guitarguy
Tue Mar 21, 2017 8:11 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1637
Views: 251483

Re: What's Your Credit Card Rewards Strategy?

Anyhow I have rocked out the Amex delta gold and platinum business cards this year to avoid 5/24. Hi guitarguy - yes, great thread. Are you saying that you know for certain that these two don't count? I am keeping a list of ones to apply for that don't count (currently) - some of the references i h...
by guitarguy
Tue Mar 21, 2017 7:53 am
Forum: Personal Consumer Issues
Topic: Rechargeable AA & AAA Batteries:NiMH or Li-Ion?
Replies: 25
Views: 1431

Re: Rechargeable AA & AAA Batteries:NiMH or Li-Ion?

I'm curious what household items go through batteries so fast for you all that they warrant using rechargeable batteries? We have some tv remotes. My wife has a couple pen flashlights for work. Regular old alkalines last for YEARS in these items. We buy batteries so infrequently that buying recharg...
by guitarguy
Tue Mar 21, 2017 7:50 am
Forum: Personal Finance (Not Investing)
Topic: Wife going back to school. What financial steps should I take?
Replies: 23
Views: 1256

Re: Wife going back to school. What financial steps should I take?

OP - your situation mirrors my own in almost every aspect. From our income levels and that of our spouses, to your situation regarding having kids, to your wife leaving a job she doesn't like and going back to school full time to expectedly double her income in the end doing something she enjoys, t...
by guitarguy
Tue Mar 21, 2017 7:41 am
Forum: Personal Consumer Issues
Topic: $464.12 dinner bill last night. No regrets.
Replies: 78
Views: 10198

Re: $464.12 dinner bill last night. No regrets.

Like all others have said.....congrats! I am going to present another point of view I assume will not be popular. If I were your aunt and uncle, I would have been prouder and happier if you had learned the lesson of paying it forward. That one dinner bill would provide almost 100 meals for a person...
by guitarguy
Tue Mar 21, 2017 7:28 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1637
Views: 251483

Re: What's Your Credit Card Rewards Strategy?

Most business cards don't count towards 5/24, but Capital One business cards do because they report them on your personal credit report. Thank you Drew, seems like every general rule in this hobby, has an exception.....have a great day. Yep! The only thing set in stone is nothing is set in stone. F...
by guitarguy
Tue Mar 21, 2017 7:13 am
Forum: Personal Consumer Issues
Topic: Rechargeable AA & AAA Batteries:NiMH or Li-Ion?
Replies: 25
Views: 1431

Re: Rechargeable AA & AAA Batteries:NiMH or Li-Ion?

Once you try some you will never buy an alkaline again... They actually last longer than throwaway batteries in many devices. About the only drawback is the lower starting voltage than a alkaline, but the discharge curve is very flat so the average voltage of the battery over its period of use is a...
by guitarguy
Tue Mar 21, 2017 7:08 am
Forum: Personal Consumer Issues
Topic: Rechargeable AA & AAA Batteries:NiMH or Li-Ion?
Replies: 25
Views: 1431

Re: Rechargeable AA & AAA Batteries:NiMH or Li-Ion?

I'm curious what household items go through batteries so fast for you all that they warrant using rechargeable batteries? We have some tv remotes. My wife has a couple pen flashlights for work. Regular old alkalines last for YEARS in these items. We buy batteries so infrequently that buying recharge...
by guitarguy
Mon Mar 20, 2017 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: Wife going back to school. What financial steps should I take?
Replies: 23
Views: 1256

Re: Wife going back to school. What financial steps should I take?

OP - your situation mirrors my own in almost every aspect. From our income levels and that of our spouses, to your situation regarding having kids, to your wife leaving a job she doesn't like and going back to school full time to expectedly double her income in the end doing something she enjoys, to...
by guitarguy
Mon Mar 20, 2017 1:52 pm
Forum: Personal Consumer Issues
Topic: $464.12 dinner bill last night. No regrets.
Replies: 78
Views: 10198

Re: $464.12 dinner bill last night. No regrets.

Soul.in.Progress wrote:I agree that this is a great story, thanks for posting OP.

I liked your provocative title, too!


Haha thanks, I figured it would make it click-worthy!

Glad people enjoyed our little story. On top of that we all learned about the Kansas City Strip and some things about Delmonico.

:D
by guitarguy
Wed Mar 15, 2017 6:20 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Checkup
Replies: 16
Views: 2292

Re: Financial Checkup

The reason for going to Roth is because we both now have employer sponsored plans that will be maxed out. That doesn't mean you necessarily have to move to Roth. You could still choose to contribute to a tIRA instead of Roth if it makes sense based on your tax bracket. At what interest rate would i...
by guitarguy
Wed Mar 15, 2017 10:36 am
Forum: Personal Finance (Not Investing)
Topic: What if someone gets your password and transfers money from your bank to theirs?
Replies: 42
Views: 6144

Re: What if someone gets your password and transfers money from your bank to theirs?

1. 2-step verification. Username and password is not enough.

2. Email alerts set to notify me of transactions that occurred within/outside of parameters I have setup would notify me of something like this within seconds.
by guitarguy
Wed Mar 15, 2017 10:23 am
Forum: Personal Consumer Issues
Topic: $464.12 dinner bill last night. No regrets.
Replies: 78
Views: 10198

Re: $464.12 dinner bill last night. No regrets.

Also, steak, lobster and wine for 4 for less than 500 at a fancy restaurant is not a bad deal at all, especially if the steak is truly top-notch. This is actually not that expensive at all for 4 people! :D Yeah...I know this! I didn't get into details...but my wife doesn't eat red meat...she had sa...
by guitarguy
Wed Mar 15, 2017 9:31 am
Forum: Personal Consumer Issues
Topic: What to do with $100???
Replies: 78
Views: 5579

Re: What to do with $100???

A savings bond? Naw.

Go with a buddy or 2 to the range and rent a fully automatic ak47 assault rifle and take turns blowing through a couple hundred bucks a piece of ammo. :twisted:

We did that on a "guys afternoon" once and had a blast. Quite literally. Not cheap though. :wink:
by guitarguy
Wed Mar 15, 2017 8:36 am
Forum: Personal Consumer Issues
Topic: $464.12 dinner bill last night. No regrets.
Replies: 78
Views: 10198

Re: $464.12 dinner bill last night. No regrets.

Thanks for all the congrats everyone. Your savings rate if maxing 401k's and paying $80k worth of debt is great. Something like $4k - $5k savings per month? If you get a return of 5% on your net worth per year and keep that savings rate, you are a millionaire at 42. While our savings rate is pretty ...
by guitarguy
Wed Mar 15, 2017 8:18 am
Forum: Personal Consumer Issues
Topic: $464.12 dinner bill last night. No regrets.
Replies: 78
Views: 10198

Re: $464.12 dinner bill last night. No regrets.

Good story! So one day who is going to take you and your spouse to dinner and tell us that story? Good question. If we are fortunate enough to eventually be able to have children after having difficulty in that area and going through a still birth...maybe it will be our own son or daughter. If not,...
by guitarguy
Wed Mar 15, 2017 8:15 am
Forum: Personal Consumer Issues
Topic: $464.12 dinner bill last night. No regrets.
Replies: 78
Views: 10198

Re: $464.12 dinner bill last night. No regrets.

poker27 wrote:$464 for dinner for 4 actually sounds very reasonable at a 'very nice' restaurant. Apparently you have better restaurant deals by you ;)


We are in the Midwest 'burbs. :wink:
by guitarguy
Wed Mar 15, 2017 7:43 am
Forum: Personal Consumer Issues
Topic: $464.12 dinner bill last night. No regrets.
Replies: 78
Views: 10198

$464.12 dinner bill last night. No regrets.

That's not a typo...and even though it might not be very BH-ish to spend that much on a meal...I could not have been more happy to pay it. I would like to tell a nice story that explains why. When I started college (undergrad) and began trying to figure out how to pay for it, I was pretty overwhelme...
by guitarguy
Wed Mar 15, 2017 6:26 am
Forum: Personal Finance (Not Investing)
Topic: Financial Checkup
Replies: 16
Views: 2292

Re: Financial Checkup

The reason for going to Roth is because we both now have employer sponsored plans that will be maxed out. That doesn't mean you necessarily have to move to Roth. You could still choose to contribute to a tIRA instead of Roth if it makes sense based on your tax bracket. At what interest rate would i...
by guitarguy
Tue Mar 14, 2017 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: Helping a Friend Become Financially Healthy
Replies: 6
Views: 934

Re: Helping a Friend Become Financially Healthy

3. Put $1,000 aside (which she said she currently has) to open a Vanguard Target Retirement Fund....probably 2045 or 2050. Start by putting in whatever she can to fund monthly, and when her car is paid off, reallocate that monthly allotment to pay off student loans. Once those loans are paid off, r...
by guitarguy
Tue Mar 14, 2017 7:59 am
Forum: Personal Finance (Not Investing)
Topic: Looking for direction...two years later
Replies: 18
Views: 1904

Re: Looking for direction...two years later

WIth $500k sitting in cash, you are putting yourself at a tremendous disadvantage in terms of opportunity cost of having that money invested. You make a lot of money for a single filer, I would be maxing out any and all tax advantaged space (401k, Roth IRA, HSA, etc) You have very little in retirem...
by guitarguy
Tue Mar 14, 2017 7:41 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage/Escrow question
Replies: 21
Views: 1323

Re: Mortgage/Escrow question

[...]Oh yeah, I know they are awful. Look up Lucero v Cenlar. I know someone that refinanced with another company to get away from them. Then their mortgage got sold to Cenlar again. :oops: Try to go with a big bank, such as Wells Fargo or Chase. Or - if you are a member - your first choice should ...
by guitarguy
Tue Mar 14, 2017 6:12 am
Forum: Personal Finance (Not Investing)
Topic: Financial Checkup
Replies: 16
Views: 2292

Re: Financial Checkup

Have you been contributing to Her tIRA at all for 2016? Remember you can only contribute $5500 total for Roth and tIRAs combined. What is the reason behind switching from tIRA to Roth? Are you now in a lower tax bracket? What exactly is "her teacher retirement?" Just curious. A pension of ...
by guitarguy
Mon Mar 13, 2017 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: How Much in Your Emergency Fund And Is It Used?
Replies: 176
Views: 15643

Re: How Much in Your Emergency Fund And Is It Used?

Tier 1: $5k (2 months expenses) in Ally savings acct. We pulled $500 from it to replace our washing machine recently. Put it back over a couple of months. Didn't really have to...but that's what we did. That's what it's there for. Tier 2: $10k (another 4 month's expenses) in contributions Vanguard R...
by guitarguy
Fri Mar 10, 2017 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Fincancial checklist for becoming a landlord in the future
Replies: 35
Views: 2492

Re: Fincancial checklist for becoming a landlord in the future

I would focus on saving toward downpayment for next property rather than doing anything with my current mortgage. You can also get your free credit report and confirm that your record is correct. Keep an eye on your credit utilization and keep it under control so that you can move quickly if you fi...
by guitarguy
Thu Mar 09, 2017 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: Fincancial checklist for becoming a landlord in the future
Replies: 35
Views: 2492

Re: Fincancial checklist for becoming a landlord in the future

P.S. Thanks very much to everyone that has responded.

Per usual with BHs...I'm learning a ton from you all. :beer
by guitarguy
Thu Mar 09, 2017 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: Fincancial checklist for becoming a landlord in the future
Replies: 35
Views: 2492

Re: Fincancial checklist for becoming a landlord in the future

My recommendation is hire a property management company. Yes, they take up to 10% of the rent every month, but I have never been called for a maintenance issue. I feel like I don't even own rental properties - only time I am reminded is when I get my rent checks deposited every month and do my taxe...
by guitarguy
Thu Mar 09, 2017 7:48 am
Forum: Personal Finance (Not Investing)
Topic: Best bank for managing accounts from different entities, trusts, businesses, etc....
Replies: 12
Views: 824

Re: Best bank for managing accounts from different entities, trusts, businesses, etc....

I have been banking with Chase for 20+ years (I'm 32). We have checking and business checking accounts there, along with several personal and business credit cards. Their customer service and app/online capability are both outstanding...bill pay, quickpay, mobile check deposit, etc all work seamless...
by guitarguy
Tue Mar 07, 2017 4:01 pm
Forum: Personal Consumer Issues
Topic: Bank of America vs Chase
Replies: 26
Views: 2582

Re: Bank of America vs Chase

If BoA is no longer serving your needs, there's no reason to stay with them. I have no experience with Chase other than that they handled our home mortgage, so I can't speak to their banking services. I have the exact opposite experience (mortgage with BoA). They were awful to deal with. Horrible c...
by guitarguy
Tue Mar 07, 2017 3:50 pm
Forum: Personal Consumer Issues
Topic: Can a cordless Reciprocating Saw do the job of a small chainsaw?
Replies: 30
Views: 1921

Re: Can a cordless Reciprocating Saw do the job of a small chainsaw?

For a quick, one off, small branch job here or there, yes probably. But the larger the branch the more easily a sawzall blade will get pinched and jam up. Yes, I know this from experience. If you're going to be frequently doing this type of work, then do yourself a favor and just get the right tool....
by guitarguy
Tue Mar 07, 2017 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Fincancial checklist for becoming a landlord in the future
Replies: 35
Views: 2492

Re: Fincancial checklist for becoming a landlord in the future

I think you may have glossed over some of the point above regarding the duplex or fourplex, too. The more tenants you have the less risk you have to your income streams (more risk in other areas). One single family unit means you have 100% vacancy with one tenant lost. With a fourplex you have 25% ...
by guitarguy
Tue Mar 07, 2017 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: Fincancial checklist for becoming a landlord in the future
Replies: 35
Views: 2492

Re: Fincancial checklist for becoming a landlord in the future

I would not go backwards in mortgage today-i don't like taking on that negative for such an unknown so far away, but it's an option for the future. That general concept proposed by that poster is definitely better than yours. Meaning their outlook on what a rental is/does is better than yours. Whic...
by guitarguy
Tue Mar 07, 2017 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Fincancial checklist for becoming a landlord in the future
Replies: 35
Views: 2492

Re: Fincancial checklist for becoming a landlord in the future

As far as moving to a 30-yr mortgage, I don't like it. Worked hard to move to a 15-year and the thought of moving "backward" is hard to swallow. Plus the idea that we make this house a rental is still exactly that at this point - just an idea, so don't want to throw all our eggs into this...
by guitarguy
Sat Mar 04, 2017 7:18 pm
Forum: Personal Finance (Not Investing)
Topic: Seems Dave Ramsey is right about debt
Replies: 55
Views: 10671

Re: Seems Dave Ramsey is right about debt

Dave Ramsey has a completely different audience than Bogleheads. We've already established that the BH way is not the norm. Most people in this country would indeed benefit from the DR approach to handling money. Once you graduate from DR, then you're ready for BH. Ramsey helps you get out of debt,...
by guitarguy
Sat Mar 04, 2017 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off car loan early or contribute to Roth IRA(s)?
Replies: 24
Views: 1689

Re: Pay off car loan early or contribute to Roth IRA(s)?

If you filed for 2016, then I think contributing to 2016 you force you to do an amended return for 2016. I don't like debt, but in this case I would focus on filling up your 2017 Roth IRAs. bloom2708, I don't think so. KlangFool So that whole section when you fill out your tax return if you contrib...
by guitarguy
Fri Mar 03, 2017 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: Fincancial checklist for becoming a landlord in the future
Replies: 35
Views: 2492

Re: Fincancial checklist for becoming a landlord in the future

Thanks for the info...good to hear from a real estate investor! Lots going on here... Here are my thoughts: First, the good news. You have a ton working for you! You're obviously financially secure, and your property doesn't sound like a bad long-term rental (decent rent ratio, decent price-point, w...
by guitarguy
Fri Mar 03, 2017 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: What are the big things to get right?
Replies: 91
Views: 12449

Re: What are the big things to get right?

This is from the perspective of a millennial. But there's some of us here. Here's my personal pet peeve: I purchase my lunch from the hospital cafeteria every day. It's $5-7/day. Let's call it $6. I enjoy hot food. I enjoy the diverse choices at the cafeteria. I don't enjoy lugging around a lunch b...
by guitarguy
Fri Mar 03, 2017 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Fincancial checklist for becoming a landlord in the future
Replies: 35
Views: 2492

Re: Fincancial checklist for becoming a landlord in the future

As a lead guitarist myself, I'd say to learn to play the bass and don't play it like a guitarist. Unless you're literally Eddie Van Halen, lead guitarists are a dime a dozen. Bassists who show up are very, very, very rare and are quickly scooped up by signed bands. :D First of all, in no way am I t...
by guitarguy
Fri Mar 03, 2017 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: Fincancial checklist for becoming a landlord in the future
Replies: 35
Views: 2492

Re: Fincancial checklist for becoming a landlord in the future

One more thing, I would consider any future improvements you make on the home, to be rental grade, which to me doesn't mean selecting the cheapest, but rather the more durable/foolproof/quality brands. Just a suggestion. In general that's the way we have gone when improving the house overall. Not a...

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