Search found 321 matches

by TheHouse7
Wed Aug 30, 2017 6:17 pm
Forum: Personal Consumer Issues
Topic: Is this common bank queuing etiquette? (rant)
Replies: 18
Views: 1763

Re: Is this common bank queuing etiquette? (rant)

It's normal. They are hourly employees that are usually short staffed and under paid. Branch banking in particular can be given really low resources/personnel to handle high volume customer service where there is little new business (cash flow). :annoyed
by TheHouse7
Mon Aug 28, 2017 11:00 pm
Forum: Personal Finance (Not Investing)
Topic: Bad Idea to Have Zero Credit Cards?
Replies: 129
Views: 8227

Re: Bad Idea to Have Zero Credit Cards?

We used only a Visa debit bank card (swiped as "credit", never used the PIN number) for years with zero hassle. We rented cars, booked rooms, and bought plane tickets with zero issues. Our credit union even gave cash back when the card was swiped as "credit". You are also afforded the exact same fr...
by TheHouse7
Sun Aug 27, 2017 9:24 am
Forum: Investing - Help with Personal Investments
Topic: 30 YO, new investor, next steps?
Replies: 6
Views: 1065

Re: 30 YO, new investor, next steps?

if you need the money in the short term (5-7 years) there really are few options. Either short terms CDs, a short term bond bund or a high yield savings account. If I read correctly and you said a 2.8% yield in a savings account you aren't going to do much better at the present time in a US based i...
by TheHouse7
Sun Aug 27, 2017 9:19 am
Forum: Investing - Help with Personal Investments
Topic: 28 y/o, New Member, Next Steps?
Replies: 12
Views: 2104

Re: 28 y/o, New Member, Next Steps?

Thanks for taking a look. 1. For some reason I feel as if 100% allocation in stocks is the way I want to go, or a 90/10 mix if not? Am I crazy to think this? Is this too aggressive? :confused https://portfoliocharts.com/2016/07/25/thinking-beyond-stocks-can-fortify-your-accumulation-plan/ 1a. I am ...
by TheHouse7
Fri Aug 25, 2017 8:26 am
Forum: Investing - Theory, News & General
Topic: Passive investing is a Ponzi scheme
Replies: 77
Views: 7700

Re: Active investing is a Ponzi scheme

That whole interview was little more than a word salad. I agree but I was astonished at the carelessness of her rhetoric. Why? She runs a value house and manages some value funds. She has a lot of funds that trade in illiquid parts of stock markets. She sees wide spreads everyday when stocks have f...
by TheHouse7
Thu Aug 24, 2017 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: I did it and feel great about it (paid off mortgage)
Replies: 66
Views: 11654

Re: I did it and feel great about it (paid off mortgage)

I just did on the 10th! Party at next month's budget meeting! :sharebeer
by TheHouse7
Wed Aug 23, 2017 9:50 am
Forum: Investing - Help with Personal Investments
Topic: 33 years old, how am I doing ?
Replies: 54
Views: 9719

Re: 33 years old, how am I doing ?

Tamalak wrote:
Tue Aug 22, 2017 9:20 am
OP, financially you're doing fine, but I would see a psychologist for your validation- and attention-seeking behavior :oops:
+1 I got a psych b.s. now I'm looking up what an EM is.
by TheHouse7
Mon Aug 21, 2017 11:05 pm
Forum: Personal Finance (Not Investing)
Topic: Advantages of Having No Credit Score
Replies: 42
Views: 4630

Re: Advantages of Having No Credit Score

I'd say the biggest advantage is it means your debt free. You don't need a credit card to rent a car. I rented one in June and used a debit card with no hassle. Might I miss out on a 0% deal on a new car? Nope, we don't buy new cars so that does not affect us. Save up and pay cash for a 2-4 year ol...
by TheHouse7
Fri Aug 18, 2017 10:51 am
Forum: Personal Finance (Not Investing)
Topic: Anyone planning on never retiring?
Replies: 138
Views: 14386

Re: Anyone planning on never retiring?

Seems like such a strange question to me. I only work for money. If I don't need money, I don't need work. I have a huge backlog of Steam games to play, let alone console games and TV series. And I'd actually have time to do things, like clean my house. And I could stay up until midnight and sleep ...
by TheHouse7
Wed Aug 16, 2017 7:06 pm
Forum: Personal Consumer Issues
Topic: Credit score dropped 100 points overnight
Replies: 31
Views: 5037

Re: Credit score dropped 100 points overnight

My guess is a dramatic drop from average credit line history.
by TheHouse7
Sun Aug 13, 2017 9:02 pm
Forum: Investing - Theory, News & General
Topic: It's easy to have an investment plan until you get punched in the face
Replies: 53
Views: 8230

Re: It's easy to have an investment plan until you get punched in the face

I sold all my PSX after a 10% drop. Learned a ton early on and haven't stopped since that lock in of loss. (Holding 20% in bonds at 30) :|
by TheHouse7
Sun Aug 13, 2017 8:58 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey spends two segments on his investing advice
Replies: 84
Views: 14062

Re: Dave Ramsey spends two segments on his investing advice

His program showed us how to get out of debt, and wouldn't able to consider BH advise without it. The biggest red flag in his program is accepting front loaded funds. :beer
by TheHouse7
Wed Aug 09, 2017 2:11 pm
Forum: Personal Consumer Issues
Topic: Gaming laptop vs gaming pc for AAA hi-end graphics games?
Replies: 49
Views: 3913

Re: Gaming laptop vs gaming pc for AAA hi-end graphics games?

Desktop FTW custom mouse, keyboard, are what I like. You could save some money building your own (or spend it on a upgraded GPU). There isn't a wrong answer unless you worry about battery life. :oops:
by TheHouse7
Wed Aug 09, 2017 12:24 pm
Forum: Investing - Help with Personal Investments
Topic: How to not obsess over investments?
Replies: 46
Views: 5138

Re: How to not obsess over investments?

I still have more free time than I'd like. This is the craziest thing I have ever read on the internet. I do have a few ideas. Change your passwords to something you'll never remember (B5!#wuW8) which forces you to go through the reset password process every time you want to log on. Spend as much t...
by TheHouse7
Sun Aug 06, 2017 11:42 pm
Forum: Investing - Help with Personal Investments
Topic: 14k left over after max 401k and tIRA. Advice please ?
Replies: 27
Views: 2321

Re: 14k left over after max 401k and tIRA. Advice please ?

I understand your situation and math from what your have posted. From what I've read, 4% WR will last about 30 years and why it is a rule of thumb. You should do what you want now. Find a way to create a bridge between your current job and the one you want(side gig).
by TheHouse7
Fri Aug 04, 2017 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Like father, like son.
Replies: 1
Views: 1041

Like father, like son.

Have you ever looked at someone else's budget and it was so close to yours it was uncanny? If you see yourself in a frugal household, do you wonder if your cost are the same as others on this board? I've never seen anyone's budget, but my own. My Dad came to visit and showed me his for retirement(he...
by TheHouse7
Fri Aug 04, 2017 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: Are we house poor? [Property Tax Madness]
Replies: 79
Views: 10173

Re: Are we house poor?

Doesn't house poor involve having a mortgage?? :wink: You guys are doing great! As mentioned, a couple thousand less in property taxes is minimal in the big picture. Living in a house you like and love is more important, IMO. +1 You are living on less than what you will MAKE in retirement. What wil...
by TheHouse7
Fri Aug 04, 2017 2:55 pm
Forum: Investing - Help with Personal Investments
Topic: wedding fund
Replies: 24
Views: 2751

Re: wedding fund

VTI DCA 4 25 years! :sharebeer
by TheHouse7
Fri Aug 04, 2017 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: Can my wife afford to stay home?
Replies: 36
Views: 2999

Re: Can my wife afford to stay home?

Emergency funds: Three to six months of expenses Debt: None Tax Filing Status: Married Filing Jointly (112,000) His income: $56,000 (75k after overtime) Her income: $37,000 Tax Rate: 25% Federal, 0% State For 112K income and if you were contributing to both 401ks, it is 36K, then the taxable is 76K...
by TheHouse7
Fri Aug 04, 2017 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: Can my wife afford to stay home?
Replies: 36
Views: 2999

Re: Can my wife afford to stay home?

Anyone decided that double income/daycare just isn't worth it? His income: $56,000 (75k after overtime) ....... My wife wanted to be a stay at home mom so one of the things that she did was to do daycare in our home for one or two other kids while my son was a toddler. The income from that made the...
by TheHouse7
Fri Aug 04, 2017 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Can my wife afford to stay home?
Replies: 36
Views: 2999

Re: Can my wife afford to stay home?

As others have said, you don't really give enough detail to actually answer the question. However, if I was in your position with a $56k income ($75k with overtime) and a payed off house and 10% tithe, this is how I would think about it. 1) Are you saving enough for retirement? Maxing out Tax advan...
by TheHouse7
Fri Aug 04, 2017 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: Can my wife afford to stay home?
Replies: 36
Views: 2999

Re: Can my wife afford to stay home?

You've got a paid off home at 30? That's amazing, great job! :beer Y'all can afford it, though I'd consider contributing to retirement space before maxing your HSA. It doesn't seem like you'll be maxing a 401k, two Roth IRAs, and an HSA on your salary, but you can probably afford to stash away 5-10...
by TheHouse7
Fri Aug 04, 2017 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: Can my wife afford to stay home?
Replies: 36
Views: 2999

Re: Can my wife afford to stay home?

Emergency funds: Three to six months of expenses Debt: None Tax Filing Status: Married Filing Jointly (112,000) His income: $56,000 (75k after overtime) Her income: $37,000 Tithe: 10% Tax Rate: 25% Federal, 0% State State of Residence: WA Age:30/28 Desired Asset allocation: 80% stocks / 20% bonds D...
by TheHouse7
Fri Aug 04, 2017 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Can my wife afford to stay home?
Replies: 36
Views: 2999

Re: Can my wife afford to stay home?

Is your overtime guaranteed? No You can also investigate part time for your wife. Your post is a little cryptic. What does "We live on $50k ($30k net)" mean? You can't live off of anything but net. We pay insurance/deductible hsa/ tithe through my check before tax. I will assume you spend $30k. Let...
by TheHouse7
Fri Aug 04, 2017 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Can my wife afford to stay home?
Replies: 36
Views: 2999

Re: Can my wife afford to stay home?

As a mom who works outside the home full-time, I would like to point out that even though my child has attended daycare and now public schools all her life, her father and I are still "raising" her. I simply don't understand this argument. Presumably you are working and not home all the time with y...
by TheHouse7
Fri Aug 04, 2017 9:05 am
Forum: Personal Finance (Not Investing)
Topic: Can my wife afford to stay home?
Replies: 36
Views: 2999

Can my wife afford to stay home?

Emergency funds: Three to six months of expenses Debt: None Tax Filing Status: Married Filing Jointly (112,000) His income: $56,000 (75k after overtime)(my overtime is not guaranteed) Her income: $37,000 Tithe: 10% Tax Rate: 25% Federal, 0% State State of Residence: WA Age:30/28 Portfolio: 70k combi...
by TheHouse7
Fri Aug 04, 2017 8:34 am
Forum: Personal Finance (Not Investing)
Topic: Deciding between retirement and general savings in my 20s
Replies: 28
Views: 3492

Re: Deciding between retirement and general savings in my 20s

At 30 I have paid for most expenses you speak of. Max Roth IRA, max company match. Max HSA if you can. Max 401k if you can then crush your savings goals for life style changes.
by TheHouse7
Fri Aug 04, 2017 7:30 am
Forum: Personal Finance (Not Investing)
Topic: Easy part time job with great potential for full time:
Replies: 5
Views: 886

Re: Easy part time job with great potential for full time:

If you have the ability to read/study at work, I would round out education for a second career: teaching, business, whatever you plan on doing after you don't have to work for pay.

:beer
by TheHouse7
Thu Aug 03, 2017 7:39 pm
Forum: Personal Consumer Issues
Topic: Best "investment tip" I have gotten from Bogleheads
Replies: 58
Views: 13368

Re: Best "investment tip" I have gotten from Bogleheads

Invest more time in finding the right spouse. By far the most financial hazard around is divorce.
by TheHouse7
Thu Aug 03, 2017 7:32 pm
Forum: Investing - Help with Personal Investments
Topic: 85/15 too aggressive at age 35?
Replies: 104
Views: 14554

Re: 85/15 too aggressive at age 35?

Matador, 60/40 -> Worst case one-year loss ~ 30%, Average return = 8.7% 80/20 -> Worst case one-year loss ~ 40%, Average return = 9.5% So, OP is taking on the possibility of losing 10% more in any year for the average return of 0.8% more. OP has to pray that he did not hit one of those worst years i...
by TheHouse7
Wed Aug 02, 2017 11:15 am
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 658
Views: 82890

Re: How much money do you need to retire?

thangngo wrote:
benign_user wrote:How much money do you need to retire? Please also state your age.
I'm 30.

I need $1M (in 2017 dollars) to retire.

I want $5M when I'm 60. This is the projection with my current saving rate and 4% real growth (7% nominal)

I'm happy to have anywhere in between.
Same 1.1 mil
by TheHouse7
Thu Jul 27, 2017 10:41 pm
Forum: Personal Finance (Not Investing)
Topic: What you wish you had known entering your late 20's
Replies: 128
Views: 32224

Re: What you wish you had known entering your late 20's

Single parent, lower class up bringing. Paid my way through school. Hire people now in your situation with handicaps. Work and results are all we ask. They are rewarded beyond most. The world eventually sees effort and success. Rewards follow. If you have a job for an intelligent, educated, and by ...
by TheHouse7
Thu Jul 27, 2017 2:30 pm
Forum: Investing - Theory, News & General
Topic: 5% fee per year to buy s&p500 with principle gaurantee
Replies: 64
Views: 7886

Re: 5% fee per year to buy s&p500 with principle gaurantee

Nate79 wrote:This kind of sounds like that horrible product called a fixed index annuity.
Perfect reply +1
by TheHouse7
Thu Jul 27, 2017 11:18 am
Forum: Investing - Help with Personal Investments
Topic: 100% Stock Portfolio For Late Starter?
Replies: 35
Views: 3746

Re: 100% Stock Portfolio For Late Starter?

Don't do it. From a analytical point I think one should have 20% to 30% in bonds, but I will concede that there are valid points for discussion here. I am more concerned about your willingness to take risk. I am assuming this is your first major equity investment. I have seen too many late starters...
by TheHouse7
Wed Jul 26, 2017 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Post Nuptial agreement guaranteeing alimony?
Replies: 113
Views: 9050

Re: Post Nuptial agreement guaranteeing alimony?

Perhaps working with a marriage counselor sooner rather than later would be a good idea? This comes up in every single thread on these topics but it never ceases to be condescending and off-topic, especially when you know virtually nothing about the people involved. As a rule of thumb in forums it ...
by TheHouse7
Wed Jul 26, 2017 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: Critique my assumptions in buy vs. rent analysis
Replies: 19
Views: 1934

Re: Critique my assumptions in buy vs. rent analysis

Since this has come up, I thought I should mention that being unmarried isn't due to a lack of commitment. I didn't want to go too deeply into this, but some people seem to see the marital status as a red flag. We've been together for quite awhile, and the idea of getting married has come up, but w...
by TheHouse7
Wed Jul 26, 2017 10:20 am
Forum: Personal Finance (Not Investing)
Topic: Critique my assumptions in buy vs. rent analysis
Replies: 19
Views: 1934

Re: Critique my assumptions in buy vs. rent analysis

... My girlfriend doesn't mind living in a small space and doesn't want to give up the prime location or the amenities she's used to (gym, doorman, dishwasher, laundry in unit, etc.)... Forget all the numbers. A happy girlfriend makes a happy household. 497 square feet is a spacious apartment in ma...
by TheHouse7
Mon Jul 24, 2017 7:09 pm
Forum: Personal Finance (Not Investing)
Topic: Order of Operations (Retirement, Loans, Emergency Fund)
Replies: 25
Views: 2337

Re: Order of Operations (Retirement, Loans, Emergency Fund)

Up to match in 401k
Emergency fund
Roth max
Debt paid off
401k max or other savings goals
by TheHouse7
Mon Jul 24, 2017 5:50 pm
Forum: Investing - Theory, News & General
Topic: % bogleheads of overall population
Replies: 82
Views: 12925

Re: % bogleheads of overall population

Us Gen Xers know we can't rely on pensions, SS is a roll of the dice, and then there is inflation... $1M aint' what it used to be. I'd like to hit $3M, but anything over $2M might entice me to leave the rat race. This stat doesn't surprise me at all. My inlaws were talking about winning the lottery...
by TheHouse7
Mon Jul 24, 2017 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: making a first time home purchase w/ other debts
Replies: 14
Views: 1394

Re: making a first time home purchase w/ other debts

Drop your down savings on your credit card. Then consider 20% down on a conventional loan. Your rise in income over the next 2 years will resolve "market fever". By then there may even be a correction. :?
by TheHouse7
Sat Jul 22, 2017 12:10 am
Forum: Personal Consumer Issues
Topic: Anyone else extremely frugal?
Replies: 100
Views: 10949

Re: Anyone else extremely frugal?

Yeah, I'm wearing the same shirts I started dating my wife in. Same shoes issues. I really enjoy paying for others tabs/ getting people gifts that are a little over the top for our age (late 20's). Enjoy your super power and show up with a half gallon of the good stuff to your friends weddings! :beer
by TheHouse7
Fri Jul 21, 2017 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: simplicity vs chasing bonuses
Replies: 29
Views: 3298

Re: simplicity vs chasing bonuses

Simplicity is the key to this forum. I have yet to read of the many people on here retired/FI off of rewards from financial products.

Speaking of which I will now take a break from this forum. :beer
by TheHouse7
Fri Jul 21, 2017 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: Eliminate 0% CC balance?
Replies: 30
Views: 3114

Re: Eliminate 0% CC balance?

Pay it off and never think of it again. :sharebeer
by TheHouse7
Fri Jul 21, 2017 12:49 pm
Forum: Investing - Help with Personal Investments
Topic: Young invester- building my portfolio
Replies: 12
Views: 1370

Re: Young invester- building my portfolio

I strongly recommend looking at your immediate time horizon 0-7 years: 1. Education (completed, debt, career goals)? 2. Car? 3. Marriage? 4. Down payment on a house? At your stage staying out of debt pitfalls may be the best move. A degree in the right field may pay :moneybag better than investment ...
by TheHouse7
Fri Jul 21, 2017 9:56 am
Forum: Investing - Theory, News & General
Topic: Advise to mass distribute (Dave?)
Replies: 8
Views: 704

Re: Advise to mass distribute (Dave Ramsey?)

lostdog wrote:Boglehead posts show mostly at the top of Google searches. I am pretty sure he has been here to read some of "Dave Ramsey" posts.
I love paranoia when it comes to such a positive topic, I almost considered not have his name in the title or subject post. :D
by TheHouse7
Fri Jul 21, 2017 9:51 am
Forum: Personal Consumer Issues
Topic: Investing well for Retirement can be frustrating
Replies: 52
Views: 4765

Re: Investing well for Retirement can be frustrating

When I witness all kinds of out of control spending on things I would like to have. Then I do the research on how much people really have for retirement for my age group :oops:
by TheHouse7
Fri Jul 21, 2017 9:40 am
Forum: Investing - Theory, News & General
Topic: Advise to mass distribute (Dave?)
Replies: 8
Views: 704

Advise to mass distribute (Dave?)

We plan on going on the dave show to do our debt free scream in the next couple of months. He always asks: What would you say is the key to getting out of debt? (We paid off our house at 30 years old.) My first thoughts are: 1. Get your spouse on the same page. 2. Read about how to handle windfalls....
by TheHouse7
Fri Jul 21, 2017 8:33 am
Forum: Personal Finance (Not Investing)
Topic: Help with Amortization Schedule with Extra Payments
Replies: 33
Views: 3507

Re: Help with Amortization Schedule with Extra Payments

I have a very good excel sheet, just Google variable principle payments.