Search found 352 matches

by Nissanzx1
Sun Aug 26, 2018 8:44 am
Forum: Personal Finance (Not Investing)
Topic: What is your stealth way to save monthly?
Replies: 87
Views: 9911

Re: What is your stealth way to save monthly?

While I'm sure these penny pinching stealth methods work for some people, I think it's kinda silly. Get control over your money, and do things on purpose. No "auto" things for me other than 401K. I want control not "autopilot." But I'm sure not everyone is willing to do "the work" that mandates. I'm...
by Nissanzx1
Sat Aug 25, 2018 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: Taking a job at a startup without a 401k
Replies: 23
Views: 1823

Re: Taking a job at a startup without a 401k

I probably wouldn't take the job unless the pay was higher than average for the industry.

Too many easy to find jobs with 401K at the moment...

I did turn down a job last year because they didn't have health insurance or 401K. Lol, I was like yeah good luck with that...
by Nissanzx1
Sat Aug 25, 2018 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: Tips paying down mortgage - anybody use equity line ?
Replies: 16
Views: 1220

Re: Tips paying down mortgage - anybody use equity line ?

We paid off our mortgage last year 6 years into a 30 year term. There isn't really a magic bullet. I ran a zero based budget, every dollar we didn't need for expenses or investing, etc went to the mortgage loan. 2X, 3X, 4X the payment- whatever we could do. Sold crap we didn't need, etc. The budget ...
by Nissanzx1
Sat Aug 25, 2018 10:31 am
Forum: Personal Consumer Issues
Topic: Sale of pre-owned Rolex
Replies: 7
Views: 984

Re: Sale of pre-owned Rolex

Has anyone sold their Rolex watch(s) using WatchPayer? They place the agreed upon funds in a third party escrow fund BEFORE you send them your watch. Sounds pretty easy with cash available upon their receipt of your watch. Your thoughts please................... Be careful. I buy and sell Rolex and...
by Nissanzx1
Fri Aug 24, 2018 6:54 am
Forum: Personal Finance (Not Investing)
Topic: I still use cash not credit cards should I reconsider?
Replies: 102
Views: 7968

Re: I still use cash not credit cards should I reconsider?

You won't get rich off the rewards so if for any reason using the cards makes you uncomfortable, don't do it. There is nothing wrong with cash, I'm sure the merchants love you for it!
by Nissanzx1
Thu Aug 23, 2018 4:43 pm
Forum: Investing - Help with Personal Investments
Topic: $360k w/major decisions on the way, please help
Replies: 11
Views: 1565

Re: $360k w/major decisions on the way, please help

If you can, I'd stay put and bank as much cash as you can. Nice work so far.
by Nissanzx1
Tue Aug 21, 2018 9:58 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with a pile of cash?
Replies: 16
Views: 2134

Re: What to do with a pile of cash?

I would beef the cash up over the next 4 months and your Christmas/Holiday gift to yourself/your family is to live in a paid for home. 15K is a little too tight for emergency fund with two small children, so beef it up between now and then. We did it about a year ago and life has never been better. ...
by Nissanzx1
Mon Aug 20, 2018 9:32 pm
Forum: Personal Finance (Not Investing)
Topic: BH Career advice
Replies: 18
Views: 1765

Re: BH Career advice

I think it's time for a new gig. You have done great work. You have more than 95% of the people in this country will ever achieve. I wouldn't necessarily just accept that whatever you do after this gig has to be for very little money. Please at least consider and believe that there is something out ...
by Nissanzx1
Mon Aug 20, 2018 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: Paying cash for a house. Good idea?
Replies: 12
Views: 1870

Re: Paying cash for a house. Good idea?

I would pay cash in a second. Keep it simple.
by Nissanzx1
Sun Aug 19, 2018 10:48 pm
Forum: Personal Consumer Issues
Topic: Sellers beware on eBay.
Replies: 66
Views: 6401

Re: Sellers beware on eBay.

You can even give them a bad rating and eBay will erase it if they dispute it. Actually, not true. As a seller, you can leave feedback for a buyer as follows: 1) Positive There are no options for even a neutral. Comments within a positive feedback don't do anything either. AND if you add a negative...
by Nissanzx1
Sun Aug 19, 2018 10:44 pm
Forum: Personal Finance (Not Investing)
Topic: 'Online Banking – School Me’ 2
Replies: 27
Views: 2414

Re: 'Online Banking – School Me’ 2

I've had nearly all my emergency savings in online bands for well over 10 years. NO Problems! Earned better interest than the locals. No worries!
by Nissanzx1
Sun Aug 19, 2018 10:17 pm
Forum: Investing - Help with Personal Investments
Topic: Where to put the first $5000
Replies: 24
Views: 1923

Re: Where to put the first $5000

VTI would be adequate. I don't want to be a Debbie Downer, but I have to say I would pay off the credit card before I invested. I get that you want to get started. I understand compound interest and time value of money. There is plenty of time left for you and you will no doubt have millions at the ...
by Nissanzx1
Sat Aug 18, 2018 5:19 pm
Forum: Investing - Help with Personal Investments
Topic: Today I retired [should I invest in rental properties?]
Replies: 25
Views: 3010

Re: Today I retired [should I invest in rental properties?]

We have 1 rental. Have had it two years. She pays on time and not many problems. $35K investment, rents $650/mo.

I can't tell you not to do it. Start with 1 and see if it's right for you.
by Nissanzx1
Fri Aug 17, 2018 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Score mysteriously dropped
Replies: 10
Views: 1175

Re: Credit Score mysteriously dropped

Your credit is still good enough to borrow anything you might want. I certainly wouldn't worry about it.

Could it be that it's a different credit bureau? Experian/Equifax/Transunion
by Nissanzx1
Fri Aug 17, 2018 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: Online Banking - School Me
Replies: 21
Views: 2304

Re: Online Banking - School Me

We use discover and capital one 360. We get anywhere from 1.4% to 2.25%. The 2.25% is a one year CD. It's very easy and safe and we generally get funds within 24 hours if we need money. We also keep a couple thousand at the local bank for extra emergencies.

It's working well for us.
by Nissanzx1
Fri Aug 17, 2018 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off personal loan at house closing?
Replies: 12
Views: 984

Re: Pay off personal loan at house closing?

It won't be Income to you and that's all provable by your account statements, which I would keep btw...

Curious why you would lend that much to a friend? Not scolding you at all, but that wouldn't be something I would ever do for a friend...
by Nissanzx1
Fri Aug 17, 2018 2:39 pm
Forum: Personal Consumer Issues
Topic: eBay seller issue
Replies: 13
Views: 1369

Re: eBay seller issue

I'm a power seller and have been for years. Just know that it's their world and you are just livin' in it. I've had so many things stolen and scammed off me it's not funny. But, I still sell there because there isn't any other place that I can get my items in front of as many people. It's just what ...
by Nissanzx1
Fri Aug 17, 2018 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: One more reason for Fidelity Visa
Replies: 15
Views: 3264

Re: One more reason for Fidelity Visa

I seem to remember seeing a few premium credit cards that will cover loss of use. The catch is they require the rental company to show their rental logs, demonstrating that the car would have been rented out if available. If the utilization of their fleet is low, there would be no loss and they wou...
by Nissanzx1
Fri Aug 17, 2018 7:50 am
Forum: Personal Finance (Not Investing)
Topic: Do we really need to save 20 % ?
Replies: 28
Views: 2975

Re: Do we really need to save 20 % ?

The 20% "rule" has stood the test of time. For most, it will help them avoid the PMI and the biggest other advantage is it helps hedge against housing value swings. Remember back to 08-09 where people were upside down? It was largely due to shrugging off the 20% down "rule." Also consider that the r...
by Nissanzx1
Wed Aug 15, 2018 10:53 pm
Forum: Personal Finance (Not Investing)
Topic: Terminating an employee with company car
Replies: 62
Views: 6253

Re: Terminating an employee with company car

At the company I'm at, they take the keys/car at termination and they ask you to call your spouse or a friend. It seems mean, but its just the way they do it. I remember one manager they fired, HR forgot to tell IT to shut off the terminated employees email account. The recently terminated employee ...
by Nissanzx1
Wed Aug 15, 2018 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: Take auto loan 0.9% if I can afford cash?
Replies: 162
Views: 10881

Re: Take auto loan 0.9% if I can afford cash?

Do you have an emergency fun of 3-6 months in cash Plus the savings to pay cash for the car? If so, do what you think makes you happy. If not, don't even think about borrowing the money. The emergency fund trumps a better car any day. Additional point: if you take cash greenbacks with you on the las...
by Nissanzx1
Tue Aug 14, 2018 9:25 pm
Forum: Personal Finance (Not Investing)
Topic: Credi card balance transfer offer
Replies: 10
Views: 1034

Re: Credi card balance transfer offer

Sounds like a considerable amount of trouble and risk for a very small overall gain.
by Nissanzx1
Tue Aug 14, 2018 9:54 am
Forum: Personal Finance (Not Investing)
Topic: Almost 30 - Check In
Replies: 33
Views: 4010

Re: Almost 30 - Check In

I'd slow down a touch. Get her a nice ring ($15K is probably a touch rich for your numbers) and let's get married. After you two are married see what she can save (with you) for home down payment. She needs to have some skin in the game. Is she coming in with debt?
by Nissanzx1
Tue Aug 14, 2018 7:35 am
Forum: Personal Finance (Not Investing)
Topic: How to have “what if” discussion with retired parents?
Replies: 48
Views: 4829

Re: How to have “what if” discussion with retired parents?

This can be a touchy subject. I know where my parents asset binder and will are but I don't ask to see them.

When the time comes for more advanced care, I will be asking more questions so I know more detail. But for now, I'm ok without asking questions. Luckily they were savers.
by Nissanzx1
Mon Aug 13, 2018 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: Marriage [How should finances be handled?]
Replies: 74
Views: 7888

Re: Marriage [How should finances be handled?]

Congrats to you! What an adventure it will be. One thing that I have found among my married friends whom do NOT combine finances, is that they are behind my fiends who do combine. My separate account friends have more debts (in general) and have trouble accomplishing common goals without obtaining c...
by Nissanzx1
Sun Aug 12, 2018 11:16 am
Forum: Personal Finance (Not Investing)
Topic: Financial Advisor Mandatory?
Replies: 36
Views: 3427

Re: Financial Advisor Mandatory?

Thank you to everyone who took time to reply. I have some new books to read, homework I guess you can say. Thanks for the recommendations! I guess we felt that we were somehow missing out or unsophisticated after speaking to our friends (even though I promise that was not their intention as these ar...
by Nissanzx1
Sat Aug 11, 2018 1:41 pm
Forum: Investing - Help with Personal Investments
Topic: 28/F looking for some financial advice
Replies: 22
Views: 2765

Re: 28/F looking for some financial advice

Hi folks, I’m looking for some feedback on my financial health. Salary: $137,200 Total debt: $10,800 (Student loans) around 5.5% Liquid savings/emergency fund: $44,000 Vanguard brokerage: VGTSX: $7,000 VTSAX: $27,800 VOO: $7,100 Apple: $2,900 Facebook: $2,400 McDonalds: $1,925 Microsoft: $4,084 Net...
by Nissanzx1
Sat Aug 11, 2018 7:36 am
Forum: Personal Finance (Not Investing)
Topic: Financial Advisor Mandatory?
Replies: 36
Views: 3427

Financial Advisor Mandatory?

I am 40, wife is 35. $535K Net Worth. $125K Gross Income. Zero Debt. Saving near 18% in a mix of 401K's and Roth IRA's. no children currently. Do we need a financial advisor? (Two absolutely terrible experiences with financial advisors in the past who tried to sell us insurance we don't need) We hav...
by Nissanzx1
Sat Aug 11, 2018 7:19 am
Forum: Investing - Help with Personal Investments
Topic: $1M in cash - invest or pay down mortgage
Replies: 21
Views: 3845

Re: $1M in cash - invest or pay down mortgage

They have worked hard and done well. A couple thoughts: 1) Awfully real estate heavy as a percentage. I'd get it down to one home that's payed off. Mortgages make most retired folks nervous (and they should- esp ARMS). They have plenty of money to vacation, just get a nice hotel room (don't need to ...
by Nissanzx1
Sat Aug 11, 2018 7:04 am
Forum: Personal Finance (Not Investing)
Topic: Huge mortgage mistake
Replies: 58
Views: 8793

Re: Huge mortgage mistake

sergio wrote:
Fri Aug 10, 2018 10:41 pm
Nissanzx1 wrote:
Fri Aug 10, 2018 9:01 pm
OP Gross Income is $120K, what is the amount of the mortgage?
Original mortgage was for $218k, currently at $215k after two payments.
Cool- I'd say 4-5 years to payoff if you are willing to cut down lifestyle. I think you are fine, just keep plugging away.
by Nissanzx1
Fri Aug 10, 2018 9:01 pm
Forum: Personal Finance (Not Investing)
Topic: Huge mortgage mistake
Replies: 58
Views: 8793

Re: Huge mortgage mistake

OP Gross Income is $120K, what is the amount of the mortgage?
by Nissanzx1
Fri Aug 10, 2018 7:42 am
Forum: Personal Finance (Not Investing)
Topic: Should I tell my family/friend that they are making a financial mistake?
Replies: 87
Views: 8241

Re: Should I tell my family/friend that they are making a financial mistake?

No people don't enjoy being reminded of their own ignorance. I'd only step in if they asked me too.
by Nissanzx1
Thu Aug 09, 2018 11:13 pm
Forum: Personal Finance (Not Investing)
Topic: Use cash to pay off low interest student loans and car or downpayment for house?
Replies: 23
Views: 1208

Re: Use cash to pay off low interest student loans and car or downpayment for house?

I'd pay off the student loans and car. Great bonus! Save up 5-6 months of expenses for an emergency fund. After that, start building a "house fund." You can use an index fund for that because it will be a few years... absolutely no rush whatsoever to buy. San Fran is lots of fun. Enjoy! I appreciat...
by Nissanzx1
Thu Aug 09, 2018 11:04 pm
Forum: Personal Finance (Not Investing)
Topic: Rental Property - Keep, sell or refinance
Replies: 20
Views: 1378

Re: Rental Property - Keep, sell or refinance

I'd want out of this deal pronto. Not any meat on the bone left and partnerships scare the hell out of me. ARM too? 😳

Sell it is my vote.

We have a rental home (paid $35,000) that gets $650/mo.
by Nissanzx1
Thu Aug 09, 2018 10:58 pm
Forum: Personal Finance (Not Investing)
Topic: Biggest Threats to Financial Well-Being
Replies: 99
Views: 9686

Re: Biggest Threats to Financial Well-Being

I personally think debt is the biggest long term threat for most people. Paying 4-6-8-10-12-14-22% rates your whole life will really add up and rob you of wealth. I'd say a stable housing situation where you own your housing outright in a reasonable property tax area is a huge plus over the long hau...
by Nissanzx1
Thu Aug 09, 2018 10:48 pm
Forum: Personal Finance (Not Investing)
Topic: Use cash to pay off low interest student loans and car or downpayment for house?
Replies: 23
Views: 1208

Re: Use cash to pay off low interest student loans and car or downpayment for house?

I'd pay off the student loans and car. Great bonus!

Save up 5-6 months of expenses for an emergency fund. After that, start building a "house fund." You can use an index fund for that because it will be a few years... absolutely no rush whatsoever to buy.

San Fran is lots of fun. Enjoy!
by Nissanzx1
Tue Aug 07, 2018 11:56 pm
Forum: Investing - Help with Personal Investments
Topic: Pay off mortgage instead of contributing to 401k?
Replies: 61
Views: 4285

Re: Pay off mortgage instead of contributing to 401k?

It can be both. Most people who have carried a mortgage and used the extra cash flow to invest have done far better than they would have by paying down or saving up to buy with cash. It's certainly part of the reason that I'm now retired and sitting on a substantial portfolio. Any factual statistic...
by Nissanzx1
Tue Aug 07, 2018 11:34 pm
Forum: Investing - Help with Personal Investments
Topic: Pay off mortgage instead of contributing to 401k?
Replies: 61
Views: 4285

Re: Pay off mortgage instead of contributing to 401k?

I, on the other hand, had no feelings about debt other than it was a tool to use to build wealth. We agree on one part. It is a tool to build wealth. Where we disagree is that I feel its a tool to build wealth for the lenders. It can be both. Most people who have carried a mortgage and used the ext...
by Nissanzx1
Tue Aug 07, 2018 11:29 pm
Forum: Investing - Help with Personal Investments
Topic: Pay off mortgage instead of contributing to 401k?
Replies: 61
Views: 4285

Re: Pay off mortgage instead of contributing to 401k?

So many have this aversion to mortgages. It's never bothered me. Sometimes I think it might be because I rented for so long before buying a house, so I was used to a monthly rent payment and the house just swapped in a mortgage payment. In fact the latter was easier as I could set up an automatic p...
by Nissanzx1
Tue Aug 07, 2018 7:12 am
Forum: Investing - Help with Personal Investments
Topic: Pay off mortgage instead of contributing to 401k?
Replies: 61
Views: 4285

Re: Pay off mortgage instead of contributing to 401k?

I'd look at tightening up your budget and eliminating the mortgage in the next 5 years or so. Whatever you can't cash flow, use some of the retirement funds to payoff when you retire. $1700 mo house payment will be no fun on SS... You did a great job saving btw! Nissanzx1, Even if OP pay off the mo...
by Nissanzx1
Mon Aug 06, 2018 11:33 pm
Forum: Investing - Help with Personal Investments
Topic: Pay off mortgage instead of contributing to 401k?
Replies: 61
Views: 4285

Re: Pay off mortgage instead of contributing to 401k?

I'd look at tightening up your budget and eliminating the mortgage in the next 5 years or so. Whatever you can't cash flow, use some of the retirement funds to payoff when you retire. $1700 mo house payment will be no fun on SS...

You did a great job saving btw!
by Nissanzx1
Mon Aug 06, 2018 11:28 pm
Forum: Personal Finance (Not Investing)
Topic: What to do with 401K from an old job?
Replies: 5
Views: 639

Re: What to do with 401K from an old job?

I've done 1 old 401k where I had it merged with my current employer and 1 other old 401K that I rolled into a traditional IRA. I prefer the traditional IRA roll myself. You can pretty much choose about any investment option you prefer that way. I rolled mine into a fidelity index fund earlier this y...
by Nissanzx1
Sat Aug 04, 2018 6:43 am
Forum: Investing - Theory, News & General
Topic: 3 Levels of Wealth
Replies: 125
Views: 12219

Re: 3 Levels of Wealth

I never cared what stuff costs in restaurants, even when my NW was $10K. Ironically, that is what I attribute my success to, never having a budget or trying to save money. I was more focused on thinking about how I can increase my INCOME, not about if paying $50 for a meal will bankrupt me. You can...
by Nissanzx1
Fri Aug 03, 2018 11:19 pm
Forum: Personal Consumer Issues
Topic: Tire experts? Can I trust a patched tire?
Replies: 47
Views: 4368

Re: Tire experts? Can I trust a patched tire?

Yep- drive with no worries. I've driven 10's of thousands of miles on cars with tires ive patched myself.
by Nissanzx1
Fri Aug 03, 2018 11:00 pm
Forum: Local Chapters and Bogleheads Community
Topic: How did you become a Boglehead?
Replies: 53
Views: 3948

Re: How did you become a Boglehead?

I turned 40 recently and realized it was time to get serious about saving. First half of my life has been one big party. Cars/jewelry/motorcycles/bad relationships/just wasteful behavior. I was saving 6% during that time in 401K. Now saving 10% and funding roths. Debt was eliminated completely. The ...
by Nissanzx1
Fri Aug 03, 2018 10:51 pm
Forum: Personal Finance (Not Investing)
Topic: Comfort level with Credit Card Balance
Replies: 86
Views: 5903

Re: Comfort level with Credit Card Balance

Credit cards, car loans, and whole life insurance are all middle class traps. Meaning you will stay firmly in the middle class if you fool with them. If that's cool with you, go for it.

Sounds like your spending might be veering out of control. Are you working a detailed budget?
by Nissanzx1
Thu Aug 02, 2018 7:11 pm
Forum: Personal Finance (Not Investing)
Topic: Vehicle Leasing...Again ;)
Replies: 23
Views: 1966

Re: Vehicle Leasing...Again ;)

I guess saving and paying cash is a thing of the past? Not sure John Bogle would do anything other than write a check and be done with the silly car...
by Nissanzx1
Thu Aug 02, 2018 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: Should I count rental equity towards our retirement number?
Replies: 9
Views: 614

Re: Should I count rental equity towards our retirement number?

Retirement with rental debt? I'd say that doesn't sound fun. Keep pushing until that's done, then make the move.

It won't take as long as you think if you focus...
by Nissanzx1
Thu Aug 02, 2018 6:13 am
Forum: Personal Consumer Issues
Topic: Time to sell my 2003 Accord?
Replies: 33
Views: 2228

Re: Time to sell my 2003 Accord?

Fix it. You'd spend more than $1000 on sales tax alone for a newer car. I drive an 03 Honda Element withe 262K. I spent $4000 last year for a transmission. $900 a couple months back for an a/c compressor. I would want you to be aware that the 6 cylinder 03 Accords did have weak transmissions. Make s...
by Nissanzx1
Wed Aug 01, 2018 11:28 pm
Forum: Personal Consumer Issues
Topic: Durable Dress Shoes for Commute
Replies: 36
Views: 2461

Re: Durable Dress Shoes for Commute

I buy all my shoes in thrift stores. You would never know. Are they used? Aren't you worried about the previous owner's feet bacteria? :shock: Yes gently used. Usually get Ecco's for $5-10. No I don't worry about bacteria. I wear socks and no problems with my feet. Been shopping used clothes for ye...