Search found 1773 matches

by investingdad
Mon Mar 25, 2013 11:18 am
Forum: Personal Finance (Not Investing)
Topic: Teaching Delayed Gratification
Replies: 6
Views: 1554

Teaching Delayed Gratification

At the end of the day, isn't saving and investing for your future and retirement really just delayed gratification? Of course it is. And I've wondered about different personality types and whether some people have an easier time with delayed gratification than others. My wife and I don't like to spe...
by investingdad
Mon Mar 25, 2013 7:14 am
Forum: Personal Finance (Not Investing)
Topic: 39 y.o. and 18 years of Vanguarding
Replies: 45
Views: 10454

Re: 39 y.o. and 18 years of Vanguarding

Thanks so much for sharing your story! Very inspirational to hear about it from someone who has been through a couple downturns. I also started saving at age 22 fresh out of college as an engineer as well. I'm curious - what does your portfolio consist of? Is it the 3-4 index funds that are often d...
by investingdad
Fri Mar 22, 2013 12:25 pm
Forum: Investing - Theory, News & General
Topic: What % of your income have you converted to wealth?
Replies: 141
Views: 24108

Re: What % of your income have you converted to wealth?

It feels like for a given percentage of X over multiple people, X is going to be more impressive for somebody making less money. Let's assume X is 50%. If our friend had an average income of 40K over 20 years, that would mean he accumulated 400K. Assuming our friend got 8% a year, he'd have to put a...
by investingdad
Fri Mar 22, 2013 9:43 am
Forum: Investing - Theory, News & General
Topic: How do I build wealth?
Replies: 87
Views: 10878

Re: How do I build wealth?

Here's my take on it. There's a few different categories of wealthy, you can call them whatever you like....less than $1 million, $2 million to $5 million, $10 million to $20 million, $50 million to $100 million, >$100 million. Crossing the $1 million threshold is achievable by a large percentage of...
by investingdad
Fri Mar 22, 2013 9:20 am
Forum: Investing - Theory, News & General
Topic: What % of your income have you converted to wealth?
Replies: 141
Views: 24108

Re: What % of your income have you converted to wealth?

After 17 years of working, our net worth is roughly 57% of our combined total earnings since college graduation.

Do I pass?
by investingdad
Thu Mar 21, 2013 8:09 am
Forum: Personal Finance (Not Investing)
Topic: The Math of Pensions and Contributions in lieu of
Replies: 10
Views: 1687

Re: The Math of Pensions and Contributions in lieu of

There are many combinations that provide a solution, but limited combinations that provide a solution that also attempt to mirror historical returns consistent with an age appropriate portfolio.
by investingdad
Thu Mar 21, 2013 7:46 am
Forum: Personal Finance (Not Investing)
Topic: The Math of Pensions and Contributions in lieu of
Replies: 10
Views: 1687

Re: The Math of Pensions and Contributions in lieu of

average annual return prior to retirement, 8.5% If that's what you need, you may want to make plans to save more. 8.5% average annual return may be difficult to achieve because you'll want to make your portfolio more conservative as you get closer to retirement. Oh, trust me, this post wasn't a ref...
by investingdad
Thu Mar 21, 2013 7:36 am
Forum: Personal Finance (Not Investing)
Topic: Do you use an accountant? Why or why not?
Replies: 34
Views: 2748

Re: Do you use an accountant? Why or why not?

My wife is an accountant and she uses Turbo Tax to do our taxes. There may come a time in the near future where we're no longer able to use Turbo Tax. Our salary, dividends and capital gains, and various stock benefits is becoming complex. Also, the non-salary income is getting high enough where our...
by investingdad
Thu Mar 21, 2013 7:31 am
Forum: Personal Finance (Not Investing)
Topic: The Math of Pensions and Contributions in lieu of
Replies: 10
Views: 1687

The Math of Pensions and Contributions in lieu of

The other thread about variable company matches to 401k accounts got me to think about this. My employer is a Fortune 500. If you came on board after a certain date, you're not eligible for pension. In lieu of pension, you get a percent of your salary into your 401k account. This percent is based on...
by investingdad
Wed Mar 20, 2013 11:30 am
Forum: Personal Finance (Not Investing)
Topic: 39 y.o. and 18 years of Vanguarding
Replies: 45
Views: 10454

Re: 39 y.o. and 18 years of Vanguarding

Another engineer here. Congrats on sticking to your plan, OP. :sharebeer I have to admit that it's probably my brain wiring that made compound interest so appealing back when I was little. That, coupled with an inherent laziness that drives a desire to be retired (or at least FI) as early as possib...
by investingdad
Wed Mar 20, 2013 11:23 am
Forum: Personal Investments
Topic: Financial advice for a newbie high earner
Replies: 78
Views: 11981

Re: Financial advice for a newbie high earner

There's so much good advice above my post that I won't try to add to any of it. I'm one of those almost-40 engineers that has been investing since 22, but I'm pretty sure that a 500K salary coupled with a disciplined approach to investing will kick MY butt soon enough (two comma club or not). So I'l...
by investingdad
Wed Mar 20, 2013 7:26 am
Forum: Personal Consumer Issues
Topic: Gardening, the new year
Replies: 90
Views: 13212

Re: Gardening, the new year

I have a raspberry / vegetable garden in the backyard. We built a new home in 2010 and it's just now getting established. The first summer was really dry and the plants struggled. Last year they made some headway but I didn't have them properly protected from wildlife. This year I intend to drape ne...
by investingdad
Wed Mar 20, 2013 7:21 am
Forum: Personal Consumer Issues
Topic: Things I should buy/experience while in my 30s?
Replies: 112
Views: 13860

Re: Things I should buy/experience while in my 30s?

When I was doing my MBA, I did a two week trip to Europe. We made stops in Germany, France, and Belgium. For work, I made a trip to the UK (my wife went along, didn't get to do or see much). For vacations, we've been to the Bahamas once. We've also done a few cruises, twice to a few Western Caribbea...
by investingdad
Mon Mar 18, 2013 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: 39 y.o. and 18 years of Vanguarding
Replies: 45
Views: 10454

Re: 39 y.o. and 18 years of Vanguarding

Well, I started at zero and my contributions were not much to look at. My first engineering job paid me around 33K a year. I was struggling to put 10% a year into my 401k, about $275 a month. But, I put together a spreadsheet. I assumed that if I got a 3% raise a year and put 10% into my account and...
by investingdad
Mon Mar 18, 2013 9:55 am
Forum: Personal Finance (Not Investing)
Topic: 39 y.o. and 18 years of Vanguarding
Replies: 45
Views: 10454

Re: 39 y.o. and 18 years of Vanguarding

I think there's an element of truth to engineers having certain characteristics that lend themselves to certain investment styles. Engineering in general seeks to minimize risk, trusts the numbers as long as the calculations are correct, and considers contigencies for addressing inevitable, unplanne...
by investingdad
Mon Mar 18, 2013 7:36 am
Forum: Personal Finance (Not Investing)
Topic: 39 y.o. and 18 years of Vanguarding
Replies: 45
Views: 10454

Re: 39 y.o. and 18 years of Vanguarding

I admire OP and how rather than needing to find role models to follow, he discovered what I have always called NEGATIVE role models (this term is used by me only with myself-- I never before shared this term or even philsophy as people would think I'm nuts). Growing up in a lower middle class blue ...
by investingdad
Mon Mar 18, 2013 7:18 am
Forum: Personal Finance (Not Investing)
Topic: The Fine line between responsible and selfish/material
Replies: 104
Views: 11105

Re: The Fine line between responsible and selfish/material

Yes. A large part of our mindset is to not be a burden on anyone else and to reduce as much as possible (or eliminate entirely) the need to rely on any form of government assistance (social security, etc). We have always assumed that SS will not be available to us when we retire and have tried to pl...
by investingdad
Mon Mar 18, 2013 5:32 am
Forum: Personal Finance (Not Investing)
Topic: 39 y.o. and 18 years of Vanguarding
Replies: 45
Views: 10454

Re: 39 y.o. and 18 years of Vanguarding

Consider yourself blessed that you make enough money to save for retirement and only have to forego appetizers when you go out to dinner to reach your goal. Most of the citizens of this country do not have that opportunity, under those circumstances. They have no matching 401 (k), no surplus income...
by investingdad
Sun Mar 17, 2013 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: The Fine line between responsible and selfish/material
Replies: 104
Views: 11105

Re: The Fine line between responsible and selfish/material

All the money won’t help if you have a terrible disease or are in a lousy marriage. Money cannot buy health (to a degree) and you have to make good life choices. There are certainly a lot of poor people who are happy and rich people who are miserable. Some of the clichés are apropos, you really can...
by investingdad
Sun Mar 17, 2013 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: 39 y.o. and 18 years of Vanguarding
Replies: 45
Views: 10454

Re: 39 y.o. and 18 years of Vanguarding

I don't know if there was one reason or influence in particular. I think part of it was my non-immediate family (uncles, cousins, etc) and the people I associated with in high school. The family I mention were always blowing money on cars, going to races, hunting and fishing gear, and used to talk a...
by investingdad
Sun Mar 17, 2013 7:45 am
Forum: Personal Finance (Not Investing)
Topic: The Fine line between responsible and selfish/material
Replies: 104
Views: 11105

Re: The Fine line between responsible and selfish/material

I have considered this as well. I'm 39 and my wife is 40. Last year we broke through a major milestone with our net worth and it's had an effect on my thinking. Our incomes are also pretty good (not crazy, but not bad). Honestly, it all makes me a little nervous. A large part of arriving where we ar...
by investingdad
Sat Mar 16, 2013 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: 39 y.o. and 18 years of Vanguarding
Replies: 45
Views: 10454

Re: 39 y.o. and 18 years of Vanguarding

Thanks, appreciate it. We've certainly been very fortunate along the way, no question. But I do think that some bumps can be smoothed out if you plan for them while the road is free and clear. My wife was always onboard with the approach. That made a big difference. I still have the spreadsheet file...
by investingdad
Fri Mar 15, 2013 11:05 pm
Forum: Personal Finance (Not Investing)
Topic: 39 y.o. and 18 years of Vanguarding
Replies: 45
Views: 10454

39 y.o. and 18 years of Vanguarding

Hi all, first post. I knew about this forum and have poked around some of the threads in the past but never really felt the need to post. I wanted to post tonight simply to share my experience with the Bogle investment philosophy and serve as a datapoint for anyone perusing the boards and wondering ...