Search found 206 matches

by SC Hoosier
Mon Mar 17, 2014 11:55 am
Forum: Personal Finance (Not Investing)
Topic: Just Got a Letter: Our PMI Has Been Automatically Canceled?
Replies: 4
Views: 1735

Re: Just Got a Letter: Our PMI Has Been Automatically Cancel

leo383 wrote:I intend to throw the extra $100 at the mortgage.

We are at 4.25% fixed on the mortgage rate. I do look at it like a guaranteed return, which is a rare thing. :happy
Good for you!
by SC Hoosier
Mon Mar 17, 2014 8:01 am
Forum: Personal Finance (Not Investing)
Topic: Just Got a Letter: Our PMI Has Been Automatically Canceled?
Replies: 4
Views: 1735

Re: Just Got a Letter: Our PMI Has Been Automatically Cancel

On a mortgage you've held for a few years (in order to pay it down to 78%) chances are the equivalent rate is far better than you can get in any other savings or investment that gives such a good rate -- guaranteed with no risk. That's also building more wealth for the future, because in the end --...
by SC Hoosier
Mon Mar 17, 2014 7:51 am
Forum: Personal Finance (Not Investing)
Topic: What premium items are least worth it?
Replies: 105
Views: 9393

Re: What premium items are least worth it?

ie: What are some things you feel are totally overpriced, that most people do not see as price gouged? In my opinion, practically nothing is over priced. It's a very competitive world out there. If something is truly overpriced, it soon gets buried by the competition. Luxury costs. Get over it, or ...
by SC Hoosier
Mon Mar 17, 2014 7:25 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part V
Replies: 3372
Views: 1497236

Re: What Book Are You Currently Reading? Part V

I am currently reading "Strong Fathers, Strong Daughters" by Dr. Meg Meeker. I am a professional parent and this is the best book on parenting I've ever read. Next is "Boys Should Be Boys" by same author.

Hoosier
by SC Hoosier
Sun Mar 16, 2014 7:43 pm
Forum: Personal Finance (Not Investing)
Topic: Do you love your job? What do you do?
Replies: 134
Views: 15469

Re: Do you love your job? What do you do?

I look forward to retirement a lot. Too much. I have read the Ernie Zelinski books on retirement. So I have been trying to incorporate some of my retirement dreams into my life now. I asked myself what would I do if I didn't need money. I would teach kids who don't have good parents, or any parents ...
by SC Hoosier
Sat Mar 15, 2014 7:00 pm
Forum: Personal Finance (Not Investing)
Topic: Opinions on our situation? Very Long Post!
Replies: 21
Views: 3046

Re: Opinions on our situation? Very Long Post!

You should know that there is, with a few exceptions, a bias on this forum against Roth type retirement savings. You are going to get advice toward the traditional deductible variety. I don't think the 15% rebate is worth it. Sure, you can withdraw to use the standard deduction, but you don't know h...
by SC Hoosier
Sat Mar 15, 2014 7:44 am
Forum: Personal Finance (Not Investing)
Topic: Opinions on our situation? Very Long Post!
Replies: 21
Views: 3046

Re: Opinions on our situation? Very Long Post!

SC Hoosier, I should have specified, that $10k I took from savings did go into debt, not into retirement. I paid off the remaining balance on my car loan & a few smaller 6.8% loans. Thanks for the advice. I agree, we really want to be debt free & cannot wait for that day. Congrats on your successes...
by SC Hoosier
Sat Mar 15, 2014 6:14 am
Forum: Personal Finance (Not Investing)
Topic: Opinions on our situation? Very Long Post!
Replies: 21
Views: 3046

Re: Opinions on our situation? Very Long Post!

You'll have more investing options inside the IRA than the 401k. That is really the only big difference. It is a shame that you didn't put the $10k towards the student loans. You could have gotten rid of all but the big one. I would pay those suckers off! You're not going to get a better investment ...
by SC Hoosier
Fri Mar 14, 2014 9:45 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have a side job?
Replies: 59
Views: 8550

Re: Do you have a side job?

Kosmo wrote:I hasn't considered real estate, so I feel obliged to change my vote to yes. However, I don't think of it as another job.
It is another job. One I didn't like.
by SC Hoosier
Fri Mar 14, 2014 9:37 pm
Forum: Personal Finance (Not Investing)
Topic: Opinions on our situation? Very Long Post!
Replies: 21
Views: 3046

Re: Opinions on our situation? Very Long Post!

I think you are doing great as well. Given your whole situation (lowest earning years, new baby, living with MIL, new marriage), I would lower my retirement savings a bit. You are contributing about 20% to retirement funds, which is a lot considering your age and your other competing short term int...
by SC Hoosier
Fri Mar 14, 2014 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: Another one of those 'should I sell my condo?' threads
Replies: 8
Views: 870

Re: Another one of those 'should I sell my condo?' threads

Sell it, pay off other debts and and invest the money in Roth's, or maybe invest in a home for yourself. You'll have to be a landlord for 15 years to equal the profit you'd get out of it now. Plus you pay no tax on it now. It's a no brainer. Good for you!

That is what I'd do.

Hoosier
by SC Hoosier
Fri Mar 14, 2014 8:53 pm
Forum: Personal Consumer Issues
Topic: Car Buying Strategy
Replies: 46
Views: 6344

Re: Car Buying Strategy

I only buy 5 year old cars. I have never regretted one purchase.
by SC Hoosier
Thu Mar 13, 2014 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: Will we be ok?
Replies: 45
Views: 5460

Re: Will we be ok?

I felt I'd better confess to the OP. I've been hard on you about wine, but then I realized I'm planning a $450 round of golf in May at TPC Sawgrass, 3 days after The Players Championship. I'll be on the same course that Tiger and Phil walked only days before. I am excited. We all have our things tha...
by SC Hoosier
Thu Mar 13, 2014 9:18 pm
Forum: Investing - Theory, News & General
Topic: How did you decide how much to save?
Replies: 119
Views: 12637

Re: How did you decide how much to save?

I don't make enough to get much benefit from the Traditional IRA deduction, so I am really excited about the Roth. I chose a retirement savings amount that would stretch me a little bit. Not that we are denying ourselves more than we choose to. I just push myself to budget well and not waste anythin...
by SC Hoosier
Thu Mar 13, 2014 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Will we be ok?
Replies: 45
Views: 5460

Re: Will we be ok?

In regards to paying off the car and credit card, does it really make sense to break cd's at 5% to pay off 0% interest credit cards and 1.7% interest car loan? We have paid cash for cars in the past when the car loan rates were higher, but I didn't think it would make sense to now. Could be wrong o...
by SC Hoosier
Thu Mar 13, 2014 11:53 am
Forum: Personal Finance (Not Investing)
Topic: Will we be ok?
Replies: 45
Views: 5460

Re: Will we be ok?

You seem to be on your way and you are definitely asking the right questions. You have a great income and the Boglehead Wiki will steer you right.

Retiring in a lower cost area should help a lot. I live in South Carolina and enjoy it very much.

SC Hoosier
by SC Hoosier
Thu Mar 13, 2014 6:16 am
Forum: Personal Finance (Not Investing)
Topic: Will we be ok?
Replies: 45
Views: 5460

Re: Will we be ok?

In regards to paying off the car and credit card, does it really make sense to break cd's at 5% to pay off 0% interest credit cards and 1.7% interest car loan? We have paid cash for cars in the past when the car loan rates were higher, but I didn't think it would make sense to now. Could be wrong o...
by SC Hoosier
Wed Mar 12, 2014 9:28 pm
Forum: Personal Finance (Not Investing)
Topic: Will we be ok?
Replies: 45
Views: 5460

Re: Will we be ok?

Thanks Tommy Gun. It's all about priorities for Subie Girl. Reduce debt, thereby increasing the size of your shovel(available money), with which you can pile up savings and investment. Your net worth is currently about $113,000, which isn't great. You can increase your net worth by either paying dow...
by SC Hoosier
Wed Mar 12, 2014 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: Will we be ok?
Replies: 45
Views: 5460

Re: Will we be ok?

At two bottles a month, you have six years of wine in inventory! Stop buying and drink what you bought. You would have a lot more extra money than $900 per month if you didn't have the debt payments. Take your cash and pay off the CC and the car. That frees up over $500/month plus the CC payment. Ke...
by SC Hoosier
Sun Mar 09, 2014 10:04 pm
Forum: Investing - Help with Personal Investments
Topic: First time poster, long time reader, how are we doing?
Replies: 5
Views: 1042

Re: First time poster, long time reader, how are we doing?

Taxable: $36,000
INGDirect savings: $12,000

Throw this and any other money not invested in tax advantaged accounts at the mortgage and sleep better.

Hoosier
by SC Hoosier
Sun Mar 09, 2014 9:57 am
Forum: Personal Consumer Issues
Topic: Where do you order business checks from?
Replies: 18
Views: 2216

Re: Where do you order business checks from?

I just got some personal checks through Walmart.com. They were reasonable. They do business checks too.
by SC Hoosier
Thu Mar 06, 2014 2:12 pm
Forum: Investing - Help with Personal Investments
Topic: stayed out of the market, what to do now?
Replies: 64
Views: 10375

Re: stayed out of the market, what to do now?

Earning 0% real, is not an investment. Let your money do some work for your future! Yes! The mattress is real competition here. Who needs retirement accounts if your earnings is zero?! There are no Mattress Contribution Limits. :D You're earning nothing, but at least you'll SLEEP better. Ha ha ha.
by SC Hoosier
Thu Mar 06, 2014 2:08 pm
Forum: Investing - Help with Personal Investments
Topic: stayed out of the market, what to do now?
Replies: 64
Views: 10375

Re: stayed out of the market, what to do now?

The way I justify it is that it's a tax I pay to keep my principal safe. Safe from what? Inflation? Robber Barons? Ultimate Safety is an illusion. Who knows where the best place to keep money is for the next 10-20 years? Diversification makes sure that whatever that place is, you'll be represented ...
by SC Hoosier
Tue Mar 04, 2014 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: Purchase farmland or sell it?
Replies: 34
Views: 3713

Re: Purchase farmland or sell it?

My father has some Indiana farmland that my sister and I will probably inherit someday. I live in South Carolina. I have no wish to negotiate rent with farmers or develop contracts. I will probably sell it and buy REITs. I do think that people are going to continue to need food, so farmland is going...
by SC Hoosier
Wed Feb 26, 2014 1:24 pm
Forum: Investing - Help with Personal Investments
Topic: Should I Get Cheap Personal Loan & Invest It?
Replies: 72
Views: 5143

Re: Should I Get Cheap Personal Loan & Invest It?

Based on the numbers in the original post, you have a zero net worth. Net worth is the true measure of whether you are getting somewhere, or not, financially. The two ways to increase your net worth is to either pay down debt or save. Borrowing to invest won't change your net worth. This plan of you...
by SC Hoosier
Sat Feb 22, 2014 9:32 am
Forum: Investing - Theory, News & General
Topic: Emerging Markets
Replies: 15
Views: 2518

Re: Emerging Markets

Vanguard's Total International Fund (VTIAX) contains about 14% Emerging Market stocks. Best wishes. Taylor I didn't know it contained that much. So, since my stock allocation is 30% Total International, my emerging market exposure is 4.2%. I am pleased with that. Thanks Taylor. SC Hoosier. PS. It's...
by SC Hoosier
Mon Feb 17, 2014 9:22 pm
Forum: Investing - Theory, News & General
Topic: Rental properties - Risk-adjusted return seems way too high
Replies: 37
Views: 3298

Re: Rental properties - Risk-adjusted return seems way too h

Note that US housing prices do not, in the long run, beat inflation. A result which surprised the heck out of me , but a host of studies national and international seem to show that over the very long run, housing prices don't overcome the inevitable physical depreciation of houses. If there are re...
by SC Hoosier
Wed Feb 12, 2014 11:59 pm
Forum: Investing - Help with Personal Investments
Topic: Late start advice requested (30 years old)
Replies: 49
Views: 4190

Re: Late start advice requested (30 years old)

Welcome to the forum. I can see that you are learning a lot. Dave Ramsey will help you get out of debt and give you a base financial education. After going through the layoff and all the problems that caused you without an emergency fund and late fees on debt payments, I would think the first thing ...
by SC Hoosier
Tue Feb 11, 2014 11:45 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey's voice is in my head...(Updated 12/31/2017)
Replies: 101
Views: 16118

Re: Dave Ramsey's voice is in my head...

The title to my car and the deed to my house are in my file cabinet... not at the bank. Get it? That's the goal. I hope to get there soon! I am happy to be moving in the right direction. It's like a weight is lifted. I was pretty stressed last week over everything. Good for you! I'm glad to hear it...
by SC Hoosier
Tue Feb 11, 2014 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey's voice is in my head...(Updated 12/31/2017)
Replies: 101
Views: 16118

Re: Dave Ramsey's voice is in my head...

I agree that budgeting is an important first step, especially for people who are not accustomed to living below their means. But in my opinion, prioritizing your retirement savings and filling as much retirement space as possible will increase your net worth in the long run more than aggressively a...
by SC Hoosier
Mon Feb 10, 2014 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey's voice is in my head...(Updated 12/31/2017)
Replies: 101
Views: 16118

Re: Dave Ramsey's voice is in my head...

My suggestion...sell the car and don't buy another one. Before selling, try actually only using one car for a week. Hopefully, although it's more effort, you'll realize that you can get by with one. I hope this helps! Savvy If I lived in a populous city with everything in walking distance i'd consi...
by SC Hoosier
Sat Feb 08, 2014 5:49 pm
Forum: Investing - Theory, News & General
Topic: When did/do you want stocks to start rising?
Replies: 58
Views: 4549

Re: When did/do you want stocks to start rising?

Bobby, I feel myself feeling the same way. I'm 38. I think an underlying assumption is that now that the market has risen a bunch, that it will plateau for ten years like 2000-2010(which isn't really the case.) I wish I had bought more during those years, but I did what I could and I must be OK with...
by SC Hoosier
Wed Dec 25, 2013 8:26 am
Forum: Personal Finance (Not Investing)
Topic: Celebrating the small financial victories....
Replies: 42
Views: 4831

Re: Celebrating the small financial victories....

Hitting a new savings record this year in terms of dollars saved, by a large margin. Wahoo! All of it is going into Roth and 401k. The rest of my Baby Steps are done!

Merry Christmas!

SC Hoosier
by SC Hoosier
Sat Nov 30, 2013 10:22 pm
Forum: Investing - Theory, News & General
Topic: Market "melt up" and the Airplane Game
Replies: 71
Views: 7998

Re: Market "melt up" and the Airplane Game

Couldn't we say the same thing every time the market nears the high? JT As I tell my father, if there was no volatility in the market and the market went up 10% per year divided evenly each market day, every day would be a new high. It's SUPPOSED to go up. He is so afraid of getting screwed. Just p...
by SC Hoosier
Sat Nov 30, 2013 4:37 pm
Forum: Personal Consumer Issues
Topic: Buying Wall-to-Wall Carpet: What Do I Need to Know?
Replies: 28
Views: 6613

Re: Buying Wall-to-Wall Carpet: What Do I Need to Know?

I am interested in this since I have never been able to appreciate the finer qualities of the padding. I would probably just go with the least expensive padding. Does anyone have information on why one should spend the extra money for this? The differences in the costs of padding doesn't warrant go...
by SC Hoosier
Sat Nov 30, 2013 2:20 pm
Forum: Personal Consumer Issues
Topic: Buying Wall-to-Wall Carpet: What Do I Need to Know?
Replies: 28
Views: 6613

Re: Buying Wall-to-Wall Carpet: What Do I Need to Know?

Thank you all. This gives me great information to go by. I do want to contact the family-owned carpet company that has great reviews. I am leery about the Big Box stores. We stopped in Lowes too, but could not get any assistance due to no staff available and left. Any tips concerning pricing? I fel...
by SC Hoosier
Sun Sep 01, 2013 6:22 pm
Forum: Personal Finance (Not Investing)
Topic: Do Roth accounts always lose?
Replies: 69
Views: 7091

Re: Do Roth accounts always lose?

I realize that I am a outlier in this forum, but for my situation the tIRA cannot possibly win. My wife and I both work and have a household income of 34,000. We pay NO federal income taxes because we have 3 kids. I probably will work part time in retirement just to feel useful. So, if we make appro...
by SC Hoosier
Sun Sep 01, 2013 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: What Personal Finance Magazines do you read?
Replies: 60
Views: 6785

Re: What Personal Finance Magazines do you read?

I love Kiplingers. Jeremy Siegel is my favorite writer. I like the personal finance stories about real people, personal consumer issues and some new info on retirement. Favorite mail day of the month.
by SC Hoosier
Sat Jul 13, 2013 6:44 pm
Forum: Personal Consumer Issues
Topic: New garage floor: Stain, Epoxy, Paint or leave plain?
Replies: 15
Views: 11235

Re: New garage floor: Stain, Epoxy, Paint or leave plain?

I owned a painted epoxy floor. Fell on my rear lots of times on snowy days as the snow melted off my car. I have had epoxy floors also and the sand they add to give grip wears off. I would leave it bare concrete.
by SC Hoosier
Fri May 10, 2013 8:05 pm
Forum: Investing - Theory, News & General
Topic: 100% equities, anyone?
Replies: 149
Views: 13231

Re: 100% equities, anyone?

100% of invested dollars is in equities. ... I have an emergency fund in cash. It's not invested. ... I chose this strategy because 50% of my net worth is my paid for house ... Circumstances matter ... Hoosier makes sense to me ... Mortgaging a home to the hilt (many discussions on this due to low ...
by SC Hoosier
Fri May 10, 2013 6:49 pm
Forum: Investing - Theory, News & General
Topic: 100% equities, anyone?
Replies: 149
Views: 13231

Re: 100% equities, anyone?

100% of invested dollars is in equities. Wife and I are 37 and 35. I have an emergency fund in cash. It's not invested. I will begin to gradually add fixed income when I near age 50. With the exception of my emergency savings and some spending money, I'm 100% equities and I have been since I starte...
by SC Hoosier
Fri May 10, 2013 6:34 pm
Forum: Investing - Theory, News & General
Topic: 100% equities, anyone?
Replies: 149
Views: 13231

Re: 100% equities, anyone?

100% of invested dollars is in equities. Wife and I are 37 and 35. I have an emergency fund in cash. It's not invested. I will begin to gradually add fixed income when I near age 50. I chose this strategy because 50% of my net worth is my paid for house. I need more high risk high return assets. Als...
by SC Hoosier
Thu May 09, 2013 8:01 pm
Forum: Personal Consumer Issues
Topic: How Much Did You Spend on Your Engagement Ring??
Replies: 289
Views: 33795

Re: How Much Did You Spend on Your Engagement Ring??

Michael Scott from the Office said he paid 3 YEARS salary. Ha ha. I think he was confused.
by SC Hoosier
Mon May 06, 2013 7:41 am
Forum: Investing - Help with Personal Investments
Topic: Should I sell my 2 rental properties?
Replies: 20
Views: 2932

Re: Should I sell my 2 rental properties?

Sell them. Life is too short to stress over something that is earning you nothing. You are earning nothing when you account for vacancies.

I have a friend that just had to sue his property manager for fraud.
by SC Hoosier
Sat Mar 30, 2013 10:20 am
Forum: Personal Consumer Issues
Topic: Organic Lawn Care
Replies: 32
Views: 3422

Re: Organic Lawn Care

Consider composting your grass and lawn clippings and appropriate kitchen waste My father was a greenskeeper as well as a farmer, earlier in life. He said he used far more chemicals when farming. He also said grass clippings should always be left on the lawn. They are a free, cheap fertilizer and i...
by SC Hoosier
Fri Mar 29, 2013 7:24 am
Forum: Investing - Theory, News & General
Topic: Back to the future with the S&P
Replies: 9
Views: 1361

Re: Back to the future with the S&P

On the other hand, your $417 that you bought with in 2009 turned into $935 four years later. Gotta take the good with the bad. :happy
by SC Hoosier
Thu Mar 14, 2013 1:34 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey Defends His Investment Advice
Replies: 120
Views: 19057

Re: Great is the enemy of good in this case.

You all have to understand something. WE ARE NOT NORMAL PEOPLE! We are people that care about and can understand the concepts and math of investing. WE ARE THE MINORITY! Dave is trying to find a one size fits all system for the masses because on a radio show, you can't get into all the specifics to...
by SC Hoosier
Wed Mar 13, 2013 4:36 pm
Forum: Personal Consumer Issues
Topic: What % of gross income do you spend on rent/mortgage?
Replies: 132
Views: 10774

Re: What % of gross income do you spend on rent/mortgage?

0% PI
3.7% PITI

37 years old
Baby step 7
by SC Hoosier
Wed Mar 13, 2013 3:35 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey Defends His Investment Advice
Replies: 120
Views: 19057

Re: Great is the enemy of good in this case.

I think Dave's investment advice is poisonously bad and he sets people up with absurdly unrealistic expectations (12% returns, 8% SWR, 100% Growth Stock portfolio). But his basic get out of debt advice and LBYM advice is sound and delivered colorfully enough that he's entertaining and gets people t...
by SC Hoosier
Wed Mar 13, 2013 2:43 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey Defends His Investment Advice
Replies: 120
Views: 19057

Great is the enemy of good in this case.

I think Dave's investment advice is poisonously bad and he sets people up with absurdly unrealistic expectations (12% returns, 8% SWR, 100% Growth Stock portfolio). But his basic get out of debt advice and LBYM advice is sound and delivered colorfully enough that he's entertaining and gets people t...