Search found 1439 matches

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: 9565

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: 9565

$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: 2044

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: 894

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: 1804

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: 1189

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: 2044

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: 14744

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: 2309

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: 2309

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: 2309

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: 739

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: 2101

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: 1686

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: 2309

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: 2309

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: 2309

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: 10232

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: 1534

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: 2309

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: 90
Views: 11101

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: 2309

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: 2309

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...
by guitarguy
Fri Mar 03, 2017 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: What the heck - student loans vanquished over here too!!
Replies: 9
Views: 1101

What the heck - student loans vanquished over here too!!

Like a couple others have recently done, I'm also happy to share that we're totally student loan free here too as of 3/1!! It has taken us 9 years (I graduated in 2008) to pay off $83k...but it's done. 8-) The reason it took so long for us as compared to others who paid off twice that amount in half...
by guitarguy
Fri Mar 03, 2017 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Fincancial checklist for becoming a landlord in the future
Replies: 35
Views: 2309

Re: Fincancial checklist for becoming a landlord in the future

Thank you for your input. RE: Economy of Scale Single family home rentals have low "economy of scale". This means it has 1 tenant, 1 income stream. If it is leveraged, that means if a tenant does not pay rent then you have to pay all of the monthly mortgage payment until it is rerented. Th...
by guitarguy
Fri Mar 03, 2017 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Fincancial checklist for becoming a landlord in the future
Replies: 35
Views: 2309

Re: Fincancial checklist for becoming a landlord in the future

I don't have much in terms of the landlord thing, but please consider the cost of childcare and what that means for your collective net salary. If you have free childcare, that's great, but otherwise, one of you will need to work less/alternate schedules or you will need to pay someone for care. We...
by guitarguy
Fri Mar 03, 2017 9:27 am
Forum: Personal Finance (Not Investing)
Topic: Fincancial checklist for becoming a landlord in the future
Replies: 35
Views: 2309

Fincancial checklist for becoming a landlord in the future

OK, so I'm wondering if anyone has some practical experience on planning to become a landlord. My thought is on the financial side, assuming one has already decided to dive into it, and the whole time/effort/etc needed will not be a problem. Interested in leveraging a mortgage on the rental property...
by guitarguy
Fri Mar 03, 2017 8:07 am
Forum: Personal Finance (Not Investing)
Topic: Student loan debt - vanquished!
Replies: 19
Views: 1658

Re: Student loan debt - vanquished!

I should make my own thread...but I'll continue to just post on others! hahaha

We wiped out the last $5k of our $83k total yesterday. To quote Ice Cube, "today was a good day" for us as well.

Such an amazing feeling!

:sharebeer
by guitarguy
Fri Mar 03, 2017 8:04 am
Forum: Personal Finance (Not Investing)
Topic: Paid off 80k in student loans in 14 months- At the starting line
Replies: 12
Views: 1378

Re: Paid off 80k in student loans in 14 months- At the starting line

Congrats to the OP. We just "wrote a check" for the last $5100 of student loan debt we had. $83k GONE for wife and I combined too! :sharebeer Regarding the pay slow and invest vs fast...we had rates floating around 2.5% forever...but the last 2 quarters they raised the rate by 0.25% each t...
by guitarguy
Thu Jan 19, 2017 1:04 pm
Forum: Personal Consumer Issues
Topic: Award flight from NY to MIA with ultimate reward points
Replies: 17
Views: 1315

Re: Award flight from NY to MIA with ultimate reward points

Hi all, My wife and I have 100,000 ultimate rewards points from the recent Reserve bonus. We are interested in a trip to the florida keys from 4/9 to 4/15 however flight prices in cash are insane and I can't seem to find any good reward flights either. Is there a good website for sorting through aw...
by guitarguy
Wed Jan 18, 2017 1:01 pm
Forum: Personal Consumer Issues
Topic: Keeping kitchen knives sharp
Replies: 54
Views: 4328

Re: Keeping kitchen knives sharp

Thanks for all the replies everyone!

I will probably go with one of the cheaper options and see how that works to sharpen up every so often.

:sharebeer
by guitarguy
Wed Jan 18, 2017 12:45 pm
Forum: Personal Consumer Issues
Topic: Crack in basement wall of house
Replies: 10
Views: 1080

Re: Crack in basement wall of house

2 sump pumps...high water table? They must have a drain tile (interior or exterior) running into the pumps...? If anything that means they've taken action to make sure the water is getting away from the house. In my experience that's a good thing rather than bad...as long as everything is working th...
by guitarguy
Sun Jan 15, 2017 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1363
Views: 170759

Re: What's Your Credit Card Rewards Strategy?

Speaking to using Korean Air miles on partner flights, this is echoed on several sources from a google search...so it appears...yes I'm sure. But not happy about it. http://onemileatatime.boardingarea.com/2014/02/14/how-to-redeem-korean-air-skypass-miles/ Thank you for the link. Initially I was ver...
by guitarguy
Fri Jan 13, 2017 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1363
Views: 170759

Re: What's Your Credit Card Rewards Strategy?

We've found that many of the rewards travel cannot be booked online. (And those that can be booked on line, seem to be the ones we don't want, or at least don't want to use these days.) The only annoyance we've found is getting through to the right "desk" or department. Once we get the ri...
by guitarguy
Fri Jan 13, 2017 7:01 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1363
Views: 170759

Re: What's Your Credit Card Rewards Strategy?

Enlightening!! But it says it can't be booked online when I looked up my local airport to HNL. This type of booking has to be done over the phone? We've found that many of the rewards travel cannot be booked online. (And those that can be booked on line, seem to be the ones we don't want, or at lea...
by guitarguy
Fri Jan 13, 2017 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1363
Views: 170759

Re: What's Your Credit Card Rewards Strategy?

Enlightening!! But it says it can't be booked online when I looked up my local airport to HNL. This type of booking has to be done over the phone? We've found that many of the rewards travel cannot be booked online. (And those that can be booked on line, seem to be the ones we don't want, or at lea...
by guitarguy
Fri Jan 13, 2017 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1363
Views: 170759

Re: What's Your Credit Card Rewards Strategy?

What currencies do you like Skymiles over? In my experience they're probably the least valuable airline miles, including foreign airlines. This can be strongly affected by where you fly. In particular being in a Delta captive city can make Skymiles more useful than the gyrations necessary to use &q...
by guitarguy
Wed Jan 11, 2017 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Where do you keep your emergency fund?
Replies: 80
Views: 6623

Re: Where do you keep your emergency fund?

2 months expenses in Ally savings. 4 more months expenses are allocated in one of our Roth IRAs at Vanguard, in VBIRX. We also have plenty more cash on hand at Ally that is earmarked for other stuff, that we could tap if needed. We separate into "buckets" but if something really catastroph...
by guitarguy
Wed Jan 11, 2017 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: need advice: How can housewives get credit cards?
Replies: 15
Views: 2132

Re: need advice: How can housewives get credit cards?

My wife is retired, and so am I. I have great credit score (810). She went to CreditKarma to get her score - also 810! We thought it would be good for her to have a card in her own name. She applied through that site, got approval for a chase card in minutes with a huge limit. Kind of surprised. FY...
by guitarguy
Wed Jan 11, 2017 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: need advice: How can housewives get credit cards?
Replies: 15
Views: 2132

Re: need advice: How can housewives get credit cards?

Yes, for income you use household income. ... even if the card is only for the non-working spouse. When you're married it can't be for only one person. It's marital income and marital debt. When I try to make a phone inquiry on my wife's account, they won't talk to me. To me, that means the account...
by guitarguy
Wed Jan 11, 2017 12:17 pm
Forum: Personal Consumer Issues
Topic: Keeping kitchen knives sharp
Replies: 54
Views: 4328

Keeping kitchen knives sharp

Anyone have any tips for tools to easily keep kitchen knives sharp? Do those dinky little sharpeners that you just slide the knife through really work? Or do you need like a stone type tool that you slide the blade up and across? I'm not really up to snuff on my knife sharpening skills...but need to...
by guitarguy
Tue Jan 10, 2017 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1363
Views: 170759

Re: What's Your Credit Card Rewards Strategy?

What currencies do you like Skymiles over? In my experience they're probably the least valuable airline miles, including foreign airlines. This can be strongly affected by where you fly. In particular being in a Delta captive city can make Skymiles more useful than the gyrations necessary to use &q...
by guitarguy
Thu Jan 05, 2017 2:46 pm
Forum: Personal Consumer Issues
Topic: Website Form Builder
Replies: 8
Views: 432

Re: Website Form Builder

Been using WordPress for, oh, a decade. In my opinion, the best form builder is Ninja Forms. Like many WP plugins, there's a free version and a souped up version that you can pay for. Link: https://wordpress.org/plugins/ninja-forms/ Can I still use something like this if I don't move my website fro...
by guitarguy
Thu Jan 05, 2017 10:04 am
Forum: Personal Consumer Issues
Topic: Website Form Builder
Replies: 8
Views: 432

Website Form Builder

Anyone by chance have a recommendation for a form builder type tool for websites? Looking for something, preferably free but I would be willing to pay a small annual fee if it's worth it, that will allow me to pick and choose what fields I want, allow for a drop down menu, etc, and will simply email...
by guitarguy
Wed Jan 04, 2017 8:28 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1363
Views: 170759

Re: What's Your Credit Card Rewards Strategy?

Still using my CapitalOne Venture card. 2% cash back on anything valid for travel purchases. Because I always have travel expenses, it has helped me save over $2,000 last year. And you can redeem for travel purchases as soon as the purchase hits your account. No need to wait for a monthly statement...
by guitarguy
Wed Jan 04, 2017 8:26 am
Forum: Personal Finance (Not Investing)
Topic: Max It Out Tomorrow [your IRA]
Replies: 116
Views: 10353

Re: Max It Out Tomorrow [your IRA]

Now I get on here and have to read about lump sum vs DCA?? :oops: :greedy "lump sum vs DCA" is easy. "lump sum investing" is when you invest exactly once in your entire life. "DCA" is when you invest more than once in your entire life. "not investing at all" ...
by guitarguy
Wed Jan 04, 2017 7:57 am
Forum: Personal Finance (Not Investing)
Topic: Max It Out Tomorrow [your IRA]
Replies: 116
Views: 10353

Re: Max It Out Tomorrow [your IRA]

Interesting. Over the past couple of years we've finally made it to the point where we can max out both Roth IRA's. Now all that's left is to tick up 401k contributions 1%...or more if we can swing it...per year until those are maxed as well. Right now we're at a savings rate of 23% of gross income....
by guitarguy
Tue Jan 03, 2017 2:01 pm
Forum: Personal Consumer Issues
Topic: Running electrical wire (Romex) on outside of house without conduit. Allowed?
Replies: 29
Views: 3057

Re: Running electrical wire (Romex) on outside of house without conduit. Allowed?

I didn't read all of the above posts.

OP: Would it not cost like $20 and an extra half hour of time to just run the conduit?

Required by local code or not...I really don't see a reason not to use it.
by guitarguy
Tue Jan 03, 2017 1:42 pm
Forum: Personal Consumer Issues
Topic: Home upgrades, timing and cost
Replies: 10
Views: 770

Re: Home upgrades, timing and cost

Hello,Plan to move out in approximately 3 years That alone, IMO, is enough reason to avoid doing any major renovations whatsoever. The only exception being that the kitchen/bathroom/etc is in such shambles it would be a major factor and derail you selling the place. Smaller upgrades like paint, may...
by guitarguy
Tue Jan 03, 2017 1:39 pm
Forum: Personal Consumer Issues
Topic: Home upgrades, timing and cost
Replies: 10
Views: 770

Re: Home upgrades, timing and cost

I think there is a big difference between "upgrade" and "update". You used upgrade, so I'm assuming you have somewhat modern kitchen and bath, but whose style isn't the most current trend. Others are right in saying these sorts of upgrades, while helpful, don't bring back full v...

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