Search found 361 matches

by financial.freedom
Tue Oct 04, 2016 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: Help for setting up online store
Replies: 4
Views: 545

Help for setting up online store

I have an idea for setting up an online store that fills a niche. I've researched that niche and do not see anything similar at this time. Have any Bogleheads had success setting up an online store selling T-shirts, mugs, art, etc. related to a specific niche? If so, do you have any advice?
by financial.freedom
Tue Sep 27, 2016 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Hiring a PR person/team to promote music business: worth it?
Replies: 13
Views: 1248

Re: Hiring a PR person/team to promote music business: worth it?

Do you know people in a similar genre who have achieved your goal without the work and sacrifices of going on the road and building an audience? If so, I would interview them and see what they did. As you know, the well worn path is playing live on radio stations, at clubs, and building an audience...
by financial.freedom
Tue Sep 27, 2016 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: Hiring a PR person/team to promote music business: worth it?
Replies: 13
Views: 1248

Re: Hiring a PR person/team to promote music business: worth it?

My husband started a new music project and we've been trying to get the band off the ground as well. I'm no expert but $1,500 as an ongoing rate seems high. Do they guarantee a certain outcome if you sign up with them? The husband's band has two full-time musicians, so they've been doing the bulk o...
by financial.freedom
Tue Sep 27, 2016 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: Hiring a PR person/team to promote music business: worth it?
Replies: 13
Views: 1248

Re: Hiring a PR person/team to promote music business: worth it?

My husband started a new music project and we've been trying to get the band off the ground as well. I'm no expert but $1,500 as an ongoing rate seems high. Do they guarantee a certain outcome if you sign up with them? The husband's band has two full-time musicians, so they've been doing the bulk o...
by financial.freedom
Tue Sep 27, 2016 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: Hiring a PR person/team to promote music business: worth it?
Replies: 13
Views: 1248

Re: Hiring a PR person/team to promote music business: worth it?

How much are you making now selling your music online? Can you afford that much overhead? My songs are streaming online about 1,000 streams per week. Not much in terms of actual purchases. My goal is revenue of $200-500 per month but that may take 9-12 months. I think that goal could be obtained so...
by financial.freedom
Tue Sep 27, 2016 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: Hiring a PR person/team to promote music business: worth it?
Replies: 13
Views: 1248

Re: Hiring a PR person/team to promote music business: worth it?

Thank you for the replies! Touring isn't feasible for me, but it seems songs are downloaded or streamed these days so I think that it would be possible to have a niche with online presence and maybe have a few shows locally.
by financial.freedom
Mon Sep 26, 2016 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: Hiring a PR person/team to promote music business: worth it?
Replies: 13
Views: 1248

Hiring a PR person/team to promote music business: worth it?

I've been selling music online as an independent artist. It has been well-received but it's hard to reach a large audience. Since this is not my main job, I do not have time to tour or promote the album. It's expensive to hire someone for PR to get press and bring attention to the album, but it migh...
by financial.freedom
Thu Jul 28, 2016 9:42 pm
Forum: Personal Consumer Issues
Topic: What makes people succeed?
Replies: 98
Views: 11294

Re: What makes people succeed?

It's called "grit," some interesting studies on this trait and how it relates to successful people.
by financial.freedom
Tue Jun 28, 2016 11:44 pm
Forum: Personal Finance (Not Investing)
Topic: How do I start a side job as a musician and avoid audit?
Replies: 15
Views: 1951

Re: How do I start a side job as a musician and avoid audit?

Thank you for the replies!

Based on my own research and the replies above, this is my plan so far:

1. business bank account and credit card

2. sole proprietor under my name

3. Set up tax ID number

4. Website, advertising, record/sell work
by financial.freedom
Mon Jun 27, 2016 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: How do I start a side job as a musician and avoid audit?
Replies: 15
Views: 1951

Re: How do I start a side job as a musician and avoid audit?

My husband has had a side job as a songwriter and voiceover artist for more than 15yrs now. He has made anywhere from 10-60k a year in side work. I'm not going to be much help with the tax side of things, we haven a cpa handle our taxes. The depreciation, royalties, and home office stuff was just t...
by financial.freedom
Mon Jun 27, 2016 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: How do I start a side job as a musician and avoid audit?
Replies: 15
Views: 1951

Re: How do I start a side job as a musician and avoid audit?

There are plenty of IRS guidelines about what constitutes a business vs. a hobby. Expenses up to income can be deducted in both cases. Losses may only be claimed for a business. A business must make a profit in three out of every five years. The IRS understands that many business will have startup ...
by financial.freedom
Sun Jun 26, 2016 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: How do I start a side job as a musician and avoid audit?
Replies: 15
Views: 1951

Re: How do I start a side job as a musician and avoid audit?

If you have losses for too long (don't recall the exact rule, you can Google it), your "business" will be considered a "hobby" by the IRS and you will run into trouble trying to deduct losses. If you make a profit, you can use some of those profits to fund a Solo 401k, assuming you set up an LLC an...
by financial.freedom
Sun Jun 26, 2016 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: How do I start a side job as a musician and avoid audit?
Replies: 15
Views: 1951

Re: How do I start a side job as a musician and avoid audit?

Declare your side income using schedules C/SE on your tax return assuming you're not going to incorporate. The income reported this way can be used to contribute to Solo 401k. Keep in mind that the Employee salary deferral contribution limit of 18K (24K if age 50+)for solo 401k is shared across all...
by financial.freedom
Sun Jun 26, 2016 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: How do I start a side job as a musician and avoid audit?
Replies: 15
Views: 1951

How do I start a side job as a musician and avoid audit?

My hobby as a musician is becoming more serious. In part, it is because I have more money to buy the instruments I enjoy. Also, I am at a phase in my life that I'm getting closer to financial independence (maybe less than 10 years away depending upon several factors). In an ideal world, I'd like to ...
by financial.freedom
Thu Jun 02, 2016 4:57 pm
Forum: Investing - Theory, News & General
Topic: How long is the delay from IPO to TSM (Facebook)?
Replies: 7
Views: 1109

Re: How long is the delay from IPO to TSM (Facebook)?

Thank you for the replies! 19 months seems a long time to be included, but I guess not over the course of an investing career for a buy-and-hold BH index investor.
by financial.freedom
Thu Jun 02, 2016 10:00 am
Forum: Investing - Theory, News & General
Topic: How long is the delay from IPO to TSM (Facebook)?
Replies: 7
Views: 1109

How long is the delay from IPO to TSM (Facebook)?

When Facebook went public I thought about investing some "play money" in it (<5% of portfolio), but after reading threads on the forum decided it was not worth the risk. It is such a large company that it surprised me it was not a part of VG Total Stock Market fund at that time. Later down the road,...
by financial.freedom
Fri May 27, 2016 3:10 pm
Forum: Personal Consumer Issues
Topic: How to buy a good used grand piano?
Replies: 35
Views: 6611

Re: How to buy a good used grand piano?

Thank you for all of the replies!

Great links for further reading too!

We are taking our time looking at different pianos, learning more, and hope to find one that fits our needs soon.

Thank you again!
by financial.freedom
Sun May 22, 2016 3:56 pm
Forum: Personal Consumer Issues
Topic: How to buy a good used grand piano?
Replies: 35
Views: 6611

Re: How to buy a good used grand piano?

I had a Yamaha baby grand for a while. Were I to do it all over again, I would go with a high-end electronic. Much smaller. Much cheaper. And it will stay in tune. As you probably know, grand pianos have about a million parts, many made of things like felt, wood, and leather. They are expensive to ...
by financial.freedom
Sun May 22, 2016 3:43 pm
Forum: Personal Consumer Issues
Topic: How to buy a good used grand piano?
Replies: 35
Views: 6611

How to buy a good used grand piano?

We're novices who like to play, want to get a piano for our child who will be starting lessons soon, and are thinking of budgeting 7-10k for a used baby grand piano. For that price, we have found several pianos online in our area. We liked the sound of a 6'1" Yamaha G3 piano we saw in a store for ab...
by financial.freedom
Tue May 10, 2016 3:46 am
Forum: Personal Finance (Not Investing)
Topic: How to choose homeowner's insurance?
Replies: 21
Views: 3683

Re: How to choose homeowner's insurance?

I always go back and forth with homeowners insurance. It sure seems like if you use it, your rates go up to the point where they want you to only use it in case of an extreme emergency (like maybe once every 10 years at most). If I use it for anything that isn't extremely expensive my rates would j...
by financial.freedom
Mon May 09, 2016 12:29 am
Forum: Personal Finance (Not Investing)
Topic: How to choose homeowner's insurance?
Replies: 21
Views: 3683

Re: How to choose homeowner's insurance?

boglerdude wrote:Chubb: High customer satisfaction, but expensive
Amica: Most popular here
USAA: 2nd most popular on this forum
State Farm: Decent reputation and often lowest price

Shop around for prices every year or two.
Thank you for the reply.

I checked Statefarm, will contact the others you mentioned.
by financial.freedom
Mon May 09, 2016 12:28 am
Forum: Personal Finance (Not Investing)
Topic: How to choose homeowner's insurance?
Replies: 21
Views: 3683

Re: How to choose homeowner's insurance?

When you obtain quotes on homeowner's insurance have all of the insurance specifications which you desire available to the agents including all of the house and utility specifications which will be listed on their questionnaire. How much personal liability will you desire? (I have $500,000, for exa...
by financial.freedom
Sun May 08, 2016 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: How to choose homeowner's insurance?
Replies: 21
Views: 3683

How to choose homeowner's insurance?

I've filled out online forms and called a few places, but I'm not sure which policy to select. In my area (coastal SoCal), the value is mainly the land not the house. In fact, some lots may be worth more without a house. A rough breakdown for our property is: Land 1.1M, House 400k. But depending on ...
by financial.freedom
Sun Apr 24, 2016 11:13 pm
Forum: Personal Finance (Not Investing)
Topic: Dealing with the "waiting game"
Replies: 32
Views: 5585

Re: Dealing with the "waiting game"

It's Sunday night, I am working steadily and will be here very late. I'm not discouraged right now at this moment but believe me, I've been there. I don't know if it's your job, your lifestyle, your hobbies but you have to do some soul-searching and figure out why you're feeling this way. There are ...
by financial.freedom
Sun Apr 24, 2016 10:50 pm
Forum: Investing - Help with Personal Investments
Topic: Municipal bond fund/etf ?
Replies: 15
Views: 3105

Re: Re:

Vanguard's short and limited duration national muni funds are quite good and have very low volatility (especially the short). I've used a combination of the two for many years. Even with the tax advantages, I don't know if I'd buy into the California muni fund right now, though. Just curious, why w...
by financial.freedom
Sun Apr 24, 2016 10:27 pm
Forum: Investing - Help with Personal Investments
Topic: Municipal bond fund/etf ?
Replies: 15
Views: 3105

Re:

Vanguard's short and limited duration national muni funds are quite good and have very low volatility (especially the short). I've used a combination of the two for many years. Even with the tax advantages, I don't know if I'd buy into the California muni fund right now, though. Just curious, why w...
by financial.freedom
Sat Apr 23, 2016 9:51 pm
Forum: Personal Consumer Issues
Topic: How should we negotiate home decorating proposal?
Replies: 17
Views: 2180

Re: How should we negotiate home decorating proposal?

hoops777 wrote:Sounds like a plan.Just don't kill yourselves trying to earn that financial freedom :D
Thank you. (I'm still at work right now) ;-)
by financial.freedom
Sat Apr 23, 2016 8:55 pm
Forum: Personal Consumer Issues
Topic: How should we negotiate home decorating proposal?
Replies: 17
Views: 2180

Re: How should we negotiate home decorating proposal?

I would make certain the 90 dollar an hour people that you like are not making anything on what they buy for you in terms of furniture and the like.Most decorators make money on your new flooring,window coverings,furniture,etc.They should not make anything if you are paying them 90 bucks an hour. Y...
by financial.freedom
Sat Apr 23, 2016 2:59 pm
Forum: Personal Consumer Issues
Topic: How should we negotiate home decorating proposal?
Replies: 17
Views: 2180

Re: How should we negotiate home decorating proposal?

reriodan wrote:
mouses wrote:Why do you need decorators?
+1. Wouldn't you like to style the place yourself, exactly as you like it?
We have ideas, but no expertise and not enough time to implement them.
by financial.freedom
Sat Apr 23, 2016 2:58 pm
Forum: Personal Consumer Issues
Topic: How should we negotiate home decorating proposal?
Replies: 17
Views: 2180

Re: How should we negotiate home decorating proposal?

We are decorating/furnishing a new house and obtained quotes from 4 interior designers/decorators: 1. The company we liked best quoted us 54 hours of work x $90 per hour for a total of $4,860 2. Our second favorite company quoted us 20-25 hours of work for $225 per hour, so a total of $4,500-5,625 ...
by financial.freedom
Sat Apr 23, 2016 2:55 pm
Forum: Personal Consumer Issues
Topic: How should we negotiate home decorating proposal?
Replies: 17
Views: 2180

Re: How should we negotiate home decorating proposal?

Why do you need decorators? We've lived here a year, still have little furniture, and the walls are bare. We work about 120-150 hours a week between the two of us and are exhausted by the time we come home. Even finding time to be home for a 2-4 hour window for furniture delivery is very difficult ...
by financial.freedom
Sat Apr 23, 2016 2:50 pm
Forum: Personal Consumer Issues
Topic: How should we negotiate home decorating proposal?
Replies: 17
Views: 2180

Re: How should we negotiate home decorating proposal?

freedom... I offer this to you as a life certified public purchasing professional officer (CPPO). Advise each of the companies they are under consideration and ask them to submit a last and final offer on their original proposal by a certain date/time. From that last and final feel free to negotiat...
by financial.freedom
Sat Apr 23, 2016 2:50 pm
Forum: Personal Consumer Issues
Topic: How should we negotiate home decorating proposal?
Replies: 17
Views: 2180

Re: How should we negotiate home decorating proposal?

Let me see - their quote was more detailed and they said it would take more time. Sounds consistent. A detailed, careful company. I would not ask them to do it in fewer hours, that is asking them to cut corners and they do not seem like that kind of firm. They may well take it as an insult. I would...
by financial.freedom
Sat Apr 23, 2016 12:14 pm
Forum: Personal Consumer Issues
Topic: How should we negotiate home decorating proposal?
Replies: 17
Views: 2180

How should we negotiate home decorating proposal?

We are decorating/furnishing a new house and obtained quotes from 4 interior designers/decorators: 1. The company we liked best quoted us 54 hours of work x $90 per hour for a total of $4,860 2. Our second favorite company quoted us 20-25 hours of work for $225 per hour, so a total of $4,500-5,625 3...
by financial.freedom
Fri Apr 22, 2016 10:59 pm
Forum: Personal Consumer Issues
Topic: Any bogleheads use a "smart" sprinkler system?
Replies: 15
Views: 1834

Re: Any bogleheads use a "smart" sprinkler system?

Thank you for the replies! I have to find a system that supports 12 zones, and basically want to "set it and forget it." Will check out those mentioned above. The Rachio can handle up to 16 zones (I have 13 zones in my system). Also, the second generation has manual controls on the front of the uni...
by financial.freedom
Fri Apr 22, 2016 10:57 pm
Forum: Investing - Help with Personal Investments
Topic: Left my employer, want to rollover 401K
Replies: 7
Views: 942

Re: Left my employer, want to rollover 401K

Would it be better to roll it into another 401k? If you roll it into an IRA then you will not be able to make contributions to Roth IRA (or backdoor Roth IRA) without avoiding the pro-rata rule. If you don't have another 401k, you could leave there for awhile, do some 1099 or other side work to set ...
by financial.freedom
Fri Apr 22, 2016 7:10 pm
Forum: Personal Consumer Issues
Topic: Any bogleheads use a "smart" sprinkler system?
Replies: 15
Views: 1834

Re: Any bogleheads use a "smart" sprinkler system?

Thank you for the replies! I have to find a system that supports 12 zones, and basically want to "set it and forget it." Will check out those mentioned above.
by financial.freedom
Thu Apr 21, 2016 9:10 pm
Forum: Personal Consumer Issues
Topic: Any bogleheads use a "smart" sprinkler system?
Replies: 15
Views: 1834

Any bogleheads use a "smart" sprinkler system?

It seems anytime I have to adjust the sprinkler system is when I don't want to -- when it's raining and I get soaking wet. Sometimes I'm not home when it's raining and cannot adjust my standard system for rain delays. Water is expensive in SoCal, so I think a smart sprinkler would pay for itself in ...
by financial.freedom
Mon Apr 11, 2016 5:50 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard California LT Muni Bond VCITX
Replies: 6
Views: 825

Re: Vanguard California LT Muni Bond VCITX

No fed or state tax if you live in CA. Some say the yield for the LT fund is not compensated for enough compared with the Intermed fund, but I'm a relative newbie so might want some of the more experienced BH to chime in. Some folks say to not concentrate too much risk in one state: I've been splitt...
by financial.freedom
Thu Apr 07, 2016 12:37 am
Forum: Personal Consumer Issues
Topic: If you could retire anywhere, regardless of healthcare, etc.
Replies: 118
Views: 14859

Re: If you could retire anywhere, regardless of healthcare, etc.

US: La Jolla, Newport Coast, Santa Barbara, Malibu

Outside US: Koh Samui, Dubrovnik, Sydney
by financial.freedom
Tue Mar 29, 2016 2:06 pm
Forum: Personal Consumer Issues
Topic: Installing AC: Rheem vs. Trane (or other) system
Replies: 28
Views: 19800

Re: Installing AC: Rheem vs. Trane (or other) system

Thank you so much for the replies! I appreciate the followup questions for the HVAC companies. Also greatly appreciate the personal experiences and info from Consumer Reports. The company with Trane is a better price quote, they have great reviews and they seem more thorough, so we'll probably go wi...
by financial.freedom
Mon Mar 28, 2016 5:49 pm
Forum: Personal Consumer Issues
Topic: Installing AC: Rheem vs. Trane (or other) system
Replies: 28
Views: 19800

Re: Installing AC: Rheem vs. Trane (or other) system

Nowizard wrote:The primary issue is not brand so much as the quality of the system. Ask what contractors use in spec homes and purchase at least one level above that.

Tim
Not sure I understand, what is the quality?
by financial.freedom
Mon Mar 28, 2016 5:48 pm
Forum: Personal Consumer Issues
Topic: Installing AC: Rheem vs. Trane (or other) system
Replies: 28
Views: 19800

Re: Installing AC: Rheem vs. Trane (or other) system

My Trane 16i died less than a year after it was installed. A common flaw with that model I later learned. I'll buy something else next time. Yikes, I just read the warranty for the Trane quote: Warranty: 6 year unit replacement, 12 Year functional parts, 12 Year on Compressor I tried looking at Con...
by financial.freedom
Mon Mar 28, 2016 5:39 pm
Forum: Personal Consumer Issues
Topic: Installing AC: Rheem vs. Trane (or other) system
Replies: 28
Views: 19800

Installing AC: Rheem vs. Trane (or other) system

I obtained quotes for installing central AC for our house (2,400 sq ft one-level). Our area is temperate, so we would only use AC about 3-4 months out of the year and just during mid to late afternoon. All three companies recommended a 5-ton condenser. But some quoted 14 SEER and others 16 SEER. The...
by financial.freedom
Fri Mar 18, 2016 12:47 am
Forum: Investing - Help with Personal Investments
Topic: Question about investing in taxable accounts
Replies: 11
Views: 1659

Re: Question about investing in taxable accounts

chielement wrote:I'll look into it. She's a small business owner...not sure if they can have those, but I'll find out.
Did she set up a solo-401k? Would be nice if you can both max out 401k and Roth IRA each year before adding to taxable.
by financial.freedom
Wed Mar 16, 2016 11:09 pm
Forum: Investing - Help with Personal Investments
Topic: Question about investing in taxable accounts
Replies: 11
Views: 1659

Re: Question about investing in taxable accounts

Sure thing. I put all the information below. Does this help or is anything missing? OVERALL STATS Emergency Funds: 8 months Consumer debt: 0 Tax filing status: Married filing jointly Tax rate: 28% State of residence: Illinois Age: 37 (me) /40 (wife) Desired asset allocation: 70% stocks, 30% bonds D...
by financial.freedom
Wed Mar 16, 2016 9:01 pm
Forum: Investing - Help with Personal Investments
Topic: Question about investing in taxable accounts
Replies: 11
Views: 1659

Re: Question about investing in taxable accounts

I have zero debt (other than a mortgage), an emergency fund, and would like to aim for 7-8% returns each year with index funds. In addition to my 401K (maxed out each year), I started a Vanguard account with the following funds: -Vanguard Total Stock Market Index Fund (VTSMX) -Vanguard Total Intern...
by financial.freedom
Wed Mar 09, 2016 6:44 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for physician asking for a raise
Replies: 47
Views: 6974

Re: Advice for physician asking for a raise

The irony is that in the same conversation, they told me that they are looking into hiring another physician for my group and that will lessen my burden in terms of productivity.
by financial.freedom
Wed Mar 09, 2016 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for physician asking for a raise
Replies: 47
Views: 6974

Re: Advice for physician asking for a raise

So much for the meeting. I was called and notified there will be no raise. The person on the phone said they pushed for me and felt I really deserved a raise but that the hospital administration said they lost a lot of money this year and cannot give raises.