Search found 1311 matches

by ohai
Sat Jan 26, 2019 2:20 am
Forum: Personal Consumer Issues
Topic: What lifestyle creep made you happier?
Replies: 519
Views: 67557

Re: What lifestyle creep made you happier?

Hi. I went from spending $20k or so after college to about $125k (with my wife) 10 years later in 2018. What changed: 1) Rent went from $1.2k to $5k+. I don't think I would like to live in the sort of place I did before. 2) Pets 3) Eating out a lot and going on nice-ish vacations. You get bored of a...
by ohai
Sat Jan 26, 2019 2:10 am
Forum: Personal Finance (Not Investing)
Topic: Millionaire by 40 and How you Did it?
Replies: 205
Views: 36658

Re: Millionaire by 40 and How you Did it?

Millionaire by 40 and How you Did it? What is the definition of a Millionaire in 2019? Certainly $1M in this day/age does not seem like a millionaire due to inflation. Are You A Real Millionaire? $3 Million Is The New $1 Million I'd say for most people, $3 million or so is when you start to "feel r...
by ohai
Sat Jan 26, 2019 2:00 am
Forum: Personal Finance (Not Investing)
Topic: Millionaire by 40 and How you Did it?
Replies: 205
Views: 36658

Re: Millionaire by 40 and How you Did it?

Hi. Nowadays, it's not too unreasonable to become a millionaire even in your 20s, just by attending a high tier college, getting hired in a competitive industry, and saving and investing as much money as you can afford to. I worked in a fairly typical high paying job and had $1 million in liquid ass...
by ohai
Sun Feb 11, 2018 8:38 pm
Forum: Personal Finance (Not Investing)
Topic: [Ally online savings now at 2.20%]
Replies: 285
Views: 54179

Re: Ally online savings now at 1.45%

Do you really care if your savings account rate is 1.45% or 1.50%? They are both substantially equal to zero after inflation and considering other investment choices. You should not have a large cash allocation to either of those accounts.
by ohai
Sun Feb 11, 2018 8:36 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford to move to a lower paying career?
Replies: 53
Views: 6679

Re: Can I afford to move to a lower paying career?

I'd wait until the kids are of college and you're sure none of them is going to be a financial drain. Other than that, it depends on whether the lifestyle change is worth the money for you. I'd guess you'll be ok financially whatever your decision though.
by ohai
Fri Jan 26, 2018 11:21 pm
Forum: Personal Finance (Not Investing)
Topic: What will you do with your tax refund?
Replies: 87
Views: 8076

Re: What will you do with your tax refund?

I've been getting negative refunds for the past few years. I think it has to do with how bonus income taxes are withheld, since I haven't been trying to game my W4. I get a bill for dividends as well, which is not nice, but understandable...
by ohai
Fri Jan 26, 2018 11:19 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a condo in NYC?
Replies: 18
Views: 3177

Re: Buying a condo in NYC?

Hi, OP. If your breakeven on buy vs rent is 10 years, that means it's probably a bad idea to buy the condo. It's really unlikely that you will be able to commit to living in this place for 10 years. The optionality of renting has positive value, which means that your breakeven should really be consi...
by ohai
Wed Dec 27, 2017 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: Do you see a meaningful change in your income with new Tax Bill?
Replies: 266
Views: 27449

Re: Do you see a meaningful change in your income with new Tax Bill?

I'm about breakeven, living in NYC, which has possibly the highest SALT of anywhere. What saved me is owning no real estate, and the better brackets for Married filers. If I was single or had a large house, I would have had to pay five figures more in tax. Of course, we should not forget other econo...
by ohai
Wed Dec 27, 2017 3:37 pm
Forum: Personal Investments
Topic: Is it me or does everything seem expensive?
Replies: 47
Views: 6293

Re: Is it me or does everything seem expensive?

Even if forward looking valuations are high, these new ratios might be justified by the current state of the world. There are far fewer global "wild cards" that could jeopardize earnings. Economies in every continent, even if not thriving, are growing; the EU, Brazil, East Asia, and the US are all w...
by ohai
Wed Dec 27, 2017 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Another should i buy my dream porsche thread...
Replies: 240
Views: 17239

Re: Another should i buy my dream porsche thread...

Hi, OP. I would not even think of paying $100k for a car with those numbers. The lost returns on capital would be too great to give up for the sake of indulging some potential midlife crisis. Another poster made quite a good suggestion of finding value from the depreciation curve. If it were me, rat...
by ohai
Wed Dec 27, 2017 2:37 pm
Forum: Investing - Theory, News & General
Topic: Muni Money Market funds starting to look good!
Replies: 139
Views: 32491

Re: Muni Money Market funds starting to look good!

Hi, OP. Keep in mind that you're still going to lose about 1% on those yields, after adjusting for inflation. Also, if you believe in market risk premium, whatever your alternative investment was when rates were lower should have similar excess return to what they had when interest rates were lower....