Search found 9013 matches

by stoptothink
Thu Apr 15, 2021 9:36 am
Forum: Personal Finance (Not Investing)
Topic: First child entering college in the fall... need some advice
Replies: 105
Views: 6199

Re: First child entering college in the fall... need some advice

^^^^THIS^^^^ Why all the secrecy? It is not like our kids are going to take your spot? School/major/aid should have all been in the first sentence. I may be wrong, but the first thought is because it isn't a school/program that may offer explainable benefits over other options and therefore posters...
by stoptothink
Thu Apr 15, 2021 7:55 am
Forum: Personal Finance (Not Investing)
Topic: Biggest expenses in life
Replies: 43
Views: 3265

Re: Biggest expenses in life

camden wrote: Thu Apr 15, 2021 7:48 am

Divorce (surprised no one had mentioned that yet). Very painful financially and in every other way. Avoid if you can.
Paying off (ex) wife's undergrad loans and cash-flowing her dental school. The divorce was relatively cheap in comparison.
by stoptothink
Wed Apr 14, 2021 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: "Nobody's ever regretted paying off the mortgage."
Replies: 174
Views: 9629

Re: "Nobody's ever regretted paying off the mortgage."

Paying off the mortgage is a form of forced savings, and indeed most Americans who go into retirement with any kind of savings have most of it in their house. Most people aren't disciplined enough to save what they would have put toward the mortgage payoff: the real decision is between 'pay down th...
by stoptothink
Wed Apr 14, 2021 3:47 pm
Forum: Personal Consumer Issues
Topic: Non-fungible tokens (NFTs): anyone investing in those?
Replies: 246
Views: 17312

Re: Non-fungible tokens (NFTs): anyone investing in those?

Won’t the frictionless proliferation of NFTs have a tendency to erode value. Historically, collectibles have been valuable because of rarity/controlled manufacture. I would think rapid proliferation would quickly eat up available dollars. Maybe that’s not a concern yet, but would seem to be a conce...
by stoptothink
Wed Apr 14, 2021 3:43 pm
Forum: Investing - Theory, News & General
Topic: What's your definition of "Family Money"?
Replies: 45
Views: 4828

Re: What's your definition of "Family Money"?

have recently been told I have family money It might be helpful to describe the circumstances or context in which you were told this. I was letting someone know of the annual gift allowance my wife's grandfather has given to his grandkids as contributions to their Roths since they were old enough t...
by stoptothink
Wed Apr 14, 2021 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: "Nobody's ever regretted paying off the mortgage."
Replies: 174
Views: 9629

Re: "Nobody's ever regretted paying off the mortgage."

I paid off my mortgage six years ago. That money would have been earning close to 20% per year in the market. I deeply regret having paid it off. Paid ours off almost exactly a year ago, in <4.5yrs total. Wife and I agreed that we'd pay the mortgage off before opening a taxable account. Massive mis...
by stoptothink
Wed Apr 14, 2021 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: First child entering college in the fall... need some advice
Replies: 105
Views: 6199

Re: First child entering college in the fall... need some advice

Uh, OK, simply strengthens one of the underlying points of "Operation Varsity Blues"; "elite" universities are the new Rolls Royce for parents. I don't begrudge anybody for spending $80k/yr to send their kid to a specific university without evidence it is somehow "better&qu...
by stoptothink
Wed Apr 14, 2021 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: First child entering college in the fall... need some advice
Replies: 105
Views: 6199

Re: First child entering college in the fall... need some advice

I've asked this in several threads now, with no answer from anybody; outside of the education, how is the "experience" at an Ivy (or other "elite" U) different/better than state college? What is this "college experience" and why can't they get it at state U? Two words:...
by stoptothink
Wed Apr 14, 2021 9:40 am
Forum: Personal Finance (Not Investing)
Topic: First child entering college in the fall... need some advice
Replies: 105
Views: 6199

Re: First child entering college in the fall... need some advice

I've asked this in several threads now, with no answer from anybody; outside of the education, how is the "experience" at an Ivy (or other "elite" U) different/better than state college? What is this "college experience" and why can't they get it at state U? FWIW, I di...
by stoptothink
Wed Apr 14, 2021 7:51 am
Forum: Personal Finance (Not Investing)
Topic: First child entering college in the fall... need some advice
Replies: 105
Views: 6199

Re: First child entering college in the fall... need some advice

Going to college is just a fine experience. If you go for the sake of education, it really does not make much difference if you go to a state college or an ivy school. I've asked this in several threads now, with no answer from anybody; outside of the education, how is the "experience" at...
by stoptothink
Wed Apr 14, 2021 7:24 am
Forum: Personal Consumer Issues
Topic: C8 Corvette?
Replies: 21
Views: 1723

Re: C8 Corvette?

hi_there wrote: Tue Apr 13, 2021 7:15 pm Boglehead website seems to be full of rich guys in their 60s. In other words, exactly the people who buy Corvettes.
My neighbor just brought home a white one a few days ago. He's early 30's with 4 kids, and no, he absolutely can not afford it. Gonna ask him for a ride soon.
by stoptothink
Tue Apr 13, 2021 4:41 pm
Forum: Investing - Theory, News & General
Topic: What's your definition of "Family Money"?
Replies: 45
Views: 4828

Re: What's your definition of "Family Money"?

When I think of the term family money, I picture people living off trust funds. Not having to work But in actuality it’s probably much less than that and likely describes myself. (Always had the safety net of my parents, college fully funded. Help with my first down payment. Then married my wife wh...
by stoptothink
Tue Apr 13, 2021 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else see drastic increase in Zillow value today?
Replies: 132
Views: 12692

Re: Anyone else see drastic increase in Zillow value today?

Mine is up ~5% since I last checked, maybe a month ago. It's actually less than my next-door neighbor just sold for last week, and I'm pretty certain I could get a little more because I have an end unit (townhome) with much nicer finishes and her unit requires some immediate maintenance. Insane, my...
by stoptothink
Tue Apr 13, 2021 10:40 am
Forum: Investing - Theory, News & General
Topic: What's your definition of "Family Money"?
Replies: 45
Views: 4828

Re: What's your definition of "Family Money"?

SmileyFace wrote: Tue Apr 13, 2021 6:40 amI have the opposite (helping upper generation who didn't plan/save).
Yeah, does it count as "family money" when you are helping your in-laws and (to a lesser extent) your parents?
by stoptothink
Tue Apr 13, 2021 10:38 am
Forum: Personal Finance (Not Investing)
Topic: How much does your employer sponsered health insurance cost you?
Replies: 43
Views: 2473

Re: How much does your employer sponsered health insurance cost you?

My wife's employer covers 100% of the premium for our family HDHP. I am separately insured by a plan with my own employer for $10/month, which gives me unlimited free access to our employer-owned medical facility (where I work) and countless other benefits. Without my separate plan I would have had ...
by stoptothink
Mon Apr 12, 2021 6:52 pm
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 164
Views: 7782

Re: The primary factor for picking a College/University is out of pocket cost

Outside of Ivy (or Ivy level) schools, I think choosing the in-state flagship makes the most sense. Why pay an Ivy league price tag for a mediocre education from a lesser private school? This mentality annoys me, when people talk as if there's 10 colleges in the country where you can get a good edu...
by stoptothink
Mon Apr 12, 2021 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 164
Views: 7782

Re: The primary factor for picking a College/University is out of pocket cost

Outside of Ivy (or Ivy level) schools, I think choosing the in-state flagship makes the most sense. Why pay an Ivy league price tag for a mediocre education from a lesser private school? This mentality annoys me, when people talk as if there's 10 colleges in the country where you can get a good edu...
by stoptothink
Mon Apr 12, 2021 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking advice - College selection - Premed
Replies: 51
Views: 2908

Re: Seeking advice - College selection - Premed

For major, when I was applying, most were applying in what you would expect - Biochemistry, biology, etc. I knew I wanted to be a physician since about 10 yo and figured I would spend my life in science so I was a Philosophy major. It proved to be a good choice not only because I got to learn in de...
by stoptothink
Mon Apr 12, 2021 8:47 am
Forum: Personal Consumer Issues
Topic: The $2000-$4000 Car :) This made me wealthy so jump on board
Replies: 262
Views: 18990

Re: The $2000-$4000 Car :) This made me wealthy so jump on board

Maybe the latest safety features provide the illusion of safety. Instead of driving into work, one could own a pogo-stick and live right next to their job. Whatever would have gone into paying for the cars can now be used toward increased housing cost. Another option is to continue to commute from ...
by stoptothink
Mon Apr 12, 2021 8:01 am
Forum: Personal Consumer Issues
Topic: The $2000-$4000 Car :) This made me wealthy so jump on board
Replies: 262
Views: 18990

Re: The $2000-$4000 Car :) This made me wealthy so jump on board

Maybe the latest safety features provide the illusion of safety. Instead of driving into work, one could own a pogo-stick and live right next to their job. Whatever would have gone into paying for the cars can now be used toward increased housing cost. Another option is to continue to commute from ...
by stoptothink
Mon Apr 12, 2021 7:53 am
Forum: Personal Consumer Issues
Topic: Progressive Auto Insurance
Replies: 21
Views: 2059

Re: Progressive Auto Insurance

I currently have Progressive and I’m 100% satisfied. I switched to them, from GEICO, because the premiums were lower. I shop my auto insurance every couple of years, and always end up switching. I believe they all have the same business model. Sell the initial policy cheap. Then raise the rates eac...
by stoptothink
Sun Apr 11, 2021 3:58 pm
Forum: Personal Consumer Issues
Topic: The $2000-$4000 Car :) This made me wealthy so jump on board
Replies: 262
Views: 18990

Re: The $2000-$4000 Car :) This made me wealthy so jump on board

Maybe the latest safety features provide the illusion of safety. Instead of driving into work, one could own a pogo-stick and live right next to their job. Whatever would have gone into paying for the cars can now be used toward increased housing cost. Another option is to continue to commute from ...
by stoptothink
Sun Apr 11, 2021 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: Theory: The Only Four Situations Justifying Debt
Replies: 103
Views: 7009

Re: Theory: The Only Four Situations Justifying Debt

Anyone that makes this kind of comment, “I worked to pay my way through college so everyone now should too” it immediately identifies you as 1) old and 2) out of touch. So maybe stop making that comment ? It’s literally impossible for today’s college kids to work their way through. So yes, educatio...
by stoptothink
Sun Apr 11, 2021 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 164
Views: 7782

Re: The primary factor for picking a College/University is out of pocket cost

Lifetime earnings for an average college graduate is $3M. HYPMS grads are definitely getting at least $5M Tell my sister (a Brown, Oxford, and NYU grad) about this $5M guarantee, she's definitely <$500k for lifetime earnings at 37 and now at a coding bootcamp because she found out the hard way that...
by stoptothink
Sun Apr 11, 2021 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 164
Views: 7782

Re: The primary factor for picking a College/University is out of pocket cost

These recurring college threads make me wonder: Who reading this had a child or themselves admitted to HYPMS and didn't attend any of them? I think that is partly the point: HYPMS is likely worth it (depending on the field of study), but is little known private U or out-of-state public that you'll ...
by stoptothink
Sun Apr 11, 2021 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 164
Views: 7782

Re: The primary factor for picking a College/University is out of pocket cost

+1. $100k vs $300k is chump change when you consider lifetime earnings in the mid seven figures. The college experience is much more important. I went to UCLA for undergrad (finished with zero debt and it costed my mom $0), can somebody use actual words to explain what this magical "college ex...
by stoptothink
Sun Apr 11, 2021 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 164
Views: 7782

Re: The primary factor for picking a College/University is out of pocket cost

No amount of money can repeat 4 years being surrounded by highly motivated peers. Also, $100k is a chump change in some fields. Some of my friends almost saved that much in the first two years out of college working at Google. +1. $100k vs $300k is chump change when you consider lifetime earnings i...
by stoptothink
Sun Apr 11, 2021 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 164
Views: 7782

Re: The primary factor for picking a College/University is out of pocket cost

No amount of money can repeat 4 years being surrounded by highly motivated peers. Also, $100k is a chump change in some fields. Some of my friends almost saved that much in the first two years out of college working at Google. +1. $100k vs $300k is chump change when you consider lifetime earnings i...
by stoptothink
Sun Apr 11, 2021 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 164
Views: 7782

Re: The primary factor for picking a College/University is out of pocket cost

Two, they are hard to get into so a kid able to make it into Harvard can probably get a full ride at the local flagship state school. I'm obviously discounting the student experience part of things, but I'm constantly amazed by the amount of money people pay for "non name brand" private s...
by stoptothink
Sun Apr 11, 2021 11:47 am
Forum: Personal Finance (Not Investing)
Topic: Theory: The Only Four Situations Justifying Debt
Replies: 103
Views: 7009

Re: Theory: The Only Four Situations Justifying Debt

Curious what year you did number 2? Long enough ago that a university would pay an undergraduate enough to cover tuition, housing, and expenses plus $8,000 left over. 70's maybe? Anyone that makes this kind of comment, “I worked to pay my way through college so everyone now should too” it immediate...
by stoptothink
Sun Apr 11, 2021 11:42 am
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 164
Views: 7782

Re: The primary factor for picking a College/University is out of pocket cost

There are two very divergent camps about college on this board. I 100% agree with the OP and I attended (for undergrad) what is currently ranked as the top public university in the country. My sister, who attended an Ivy (then Oxford, then NYU) would agree even more. Unless my kids are HYPMS bound, ...
by stoptothink
Sun Apr 11, 2021 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Theory: The Only Four Situations Justifying Debt
Replies: 103
Views: 7009

Re: Theory: The Only Four Situations Justifying Debt

2) No reason to go into debt for college education. I worked at the university. The university paid me plus giving me an in-state tuition waiver. I graduated with 8K of savings. As for graduate education, someone (employer or the college) should pay you for the graduate education. Or else, it is no...
by stoptothink
Sat Apr 10, 2021 4:00 pm
Forum: Personal Consumer Issues
Topic: The $2000-$4000 Car :) This made me wealthy so jump on board
Replies: 262
Views: 18990

Re: The $2000-$4000 Car :) This made me wealthy so jump on board

Once high earners indulge in luxury lifestyle, it’s difficult to pull back and they’re more susceptible when their income goes away. We know this and we still maintain our lifestyle the same as when we start our professional careers. My brother, who is used to a $300k+ income (oil & gas) was la...
by stoptothink
Fri Apr 09, 2021 3:06 pm
Forum: Personal Consumer Issues
Topic: The Great Swing Set Dilemma
Replies: 56
Views: 4556

Re: The Great Swing Set Dilemma

Not sure that I'll help you out in your decision. But... I'm trying to look at this long term and not just in the immediate term of what my son can or can't do. My advice in the "long term" - this likely won't be used. Or at least it wasn't in our case. Child is currently 12, and we proba...
by stoptothink
Fri Apr 09, 2021 11:25 am
Forum: Personal Consumer Issues
Topic: Are you competitive? If so, how do you compete as you get older?
Replies: 46
Views: 2968

Re: Are you competitive? If so, how do you compete as you get older?

I like to hike and I have encountered many people of advanced age on the trail that put young people to shame. Some are doing long through hikes of trails like the Pacific Crest Trail and others are out there volunteering with trail work teams and working their butt off. If you like to run, hike, c...
by stoptothink
Fri Apr 09, 2021 9:36 am
Forum: Personal Consumer Issues
Topic: Are you competitive? If so, how do you compete as you get older?
Replies: 46
Views: 2968

Re: Are you competitive? If so, how do you compete as you get older?

Similar here, lifelong competitive athlete: football/baseball/wrestling/track growing up, football in college, then powerlifting and superbike (motorcycle) racing, then triathlons/running/cycling races as an adult. Injuries (torn biceps, ruptured achilles, two knee surgeries, and now a host of curre...
by stoptothink
Thu Apr 08, 2021 7:09 pm
Forum: Personal Finance (Not Investing)
Topic: For those retired or FI, how much do you spend annually?
Replies: 285
Views: 20485

Re: For those retired or FI, how much do you spend annually?

My wife and I are 59, retiring in the next 6-12 months, living in a HCOL area. For planning purposes, we made the conservative assumption that we will need what we currently make, minus what we are actively saving for retirement, minus the mortgage we recently paid off, minus support for our daught...
by stoptothink
Thu Apr 08, 2021 6:38 pm
Forum: Investing - Theory, News & General
Topic: Why 1971 has become the starting point for increasing income inequality?
Replies: 24
Views: 1588

Re: Why 1971 has become the starting point for increasing income inequality?

Supply and demand for labor. FWIW, increased "inequality" can be beneficial if the overall standard is rising. "Equality" is easy when everybody has nothing. In before the lock. How is that beneficial for everyone, from the fairness perspective? After all, the "overall stan...
by stoptothink
Thu Apr 08, 2021 11:25 am
Forum: Personal Finance (Not Investing)
Topic: For those retired or FI, how much do you spend annually?
Replies: 285
Views: 20485

Re: How much do you spend annually in retirement?

We're retired, late 60s / early 70s, in a small town in the South, with a paid-off house. Last year we spent a total of about $53K, of which: $8K income tax (fed + state) $12K donations (charitable + political) $7K Medicare premiums $9K housing-related (utilities, property tax, insurance, maintenan...
by stoptothink
Thu Apr 08, 2021 8:19 am
Forum: Personal Consumer Issues
Topic: The $2000-$4000 Car :) This made me wealthy so jump on board
Replies: 262
Views: 18990

Re: The $2000-$4000 Car :) This made me wealthy so jump on board

In old movies or old pictures you rarely see new cars. Now, I look around. Never see a car older than 10 yrs. Never see, for example an old Benzo or old Bmer around. I go to the mall and don't see one single clunker. It is strange. Strange is right. I'm wondering where you live that you never see a...
by stoptothink
Thu Apr 08, 2021 8:06 am
Forum: Personal Finance (Not Investing)
Topic: HOA rules - limit number of rentals?
Replies: 39
Views: 3139

Re: HOA rules - limit number of rentals?

We live in a townhouse community. When we first moved here 5yrs ago there were almost no renters. There is not a single renter in our 8-home unit (4 homes per row, two sides of the street), but we know of a few in other units. But, with how often people are buying and selling, they might as well be ...
by stoptothink
Thu Apr 08, 2021 7:35 am
Forum: Personal Finance (Not Investing)
Topic: For those retired or FI, how much do you spend annually?
Replies: 285
Views: 20485

Re: How much do you spend annually in retirement?

We're retired, late 60s / early 70s, in a small town in the South, with a paid-off house. Last year we spent a total of about $53K, of which: $8K income tax (fed + state) $12K donations (charitable + political) $7K Medicare premiums $9K housing-related (utilities, property tax, insurance, maintenan...
by stoptothink
Wed Apr 07, 2021 8:12 pm
Forum: Personal Investments
Topic: 34yr old - First time poster - Portfolio & Life Help
Replies: 20
Views: 3144

Re: 34yr old - First time poster - Portfolio & Life Help

I've never known anyone who already had a non-academic job whose job prospects were improved by getting a PhD. Obviously can vary by the field but you should have a much clearer idea of what you'd get out of this. Pure enjoyment of research? Change fields? Switch to teaching? Agree with this. If yo...
by stoptothink
Wed Apr 07, 2021 4:35 pm
Forum: Personal Consumer Issues
Topic: The $2000-$4000 Car :) This made me wealthy so jump on board
Replies: 262
Views: 18990

Re: The $2000-$4000 Car :) This made me wealthy so jump on board

Its all priorities. I drive 200k+ car. Dont wanna drive a junk in my prime 30s. No point driving ferrari when you are old and bald lol. Are you going to downgrade when you are older? Psychologically, that is very difficult. If you can "afford" it, who cares? Not much of an issue on Bogleh...
by stoptothink
Wed Apr 07, 2021 3:52 pm
Forum: Investing - Theory, News & General
Topic: How long to turn 1 million to 2 millions for you?
Replies: 88
Views: 30466

Re: How long to turn 1 million to 2 millions for you?

David Jay wrote: Wed Apr 07, 2021 3:45 pm Zombie thread - no posts for 5 years until this afternoon...
If I remember correctly, depending on the value of TSLA for the day, the OP has gone from $1M to $10M+ since 2016. We hit $1M around September and we're at $1.3M+ now (with moderate income for this board, ~$230k/yr).
by stoptothink
Wed Apr 07, 2021 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: Taking a paycut for a more stable state job (CA)?
Replies: 76
Views: 4723

Re: Taking a paycut for a more stable state job (CA)?

Personality-wise, hopefully other people can chime in (my experience is close relatives & friends working public jobs of various sorts - city, county, state.. I never did.) But I'd say those that are happiest: 1) Happy to show up, happy to go home. The work is almost irrelevant. Their work may ...
by stoptothink
Wed Apr 07, 2021 11:53 am
Forum: Personal Consumer Issues
Topic: The $2000-$4000 Car :) This made me wealthy so jump on board
Replies: 262
Views: 18990

Re: The $2000-$4000 Car :) This made me wealthy so jump on board

I agree a car can be purchased for ~$4000 that gets the job done, I did this for ~10 years driving a dodge stratus, then Honda Accord. That and renting an extra bedroom were big levers in my 20s for wealth accumulation. One thing otherwise rational people forget is that you can get in a car wreck t...
by stoptothink
Wed Apr 07, 2021 11:29 am
Forum: Personal Finance (Not Investing)
Topic: Should I be concerned about over funding 529?
Replies: 17
Views: 1672

Re: Should I be concerned about over funding 529?

We stopped at $28k/each, which is slightly more than the current cost of 4yrs of tuition + fees at local U, which is ~5 miles from our home. My kids are 9 and 5 so plenty of time for those accounts to grow (and for tuition to increase). Some of the 529s balances in this thread (and board in general)...
by stoptothink
Wed Apr 07, 2021 9:05 am
Forum: Personal Finance (Not Investing)
Topic: For those retired or FI, how much do you spend annually?
Replies: 285
Views: 20485

Re: For those retired or FI, how much do you spend annually?

@SpaceCowboy It does matter where you live. I have a very nice house that runs about $6K a year in property tax. High end insurance runs about $5K (Car, umbrella and house but not including healthcare). Healthcare would be about $24K unless I qualified for ACA in which case it would be a lot less. ...
by stoptothink
Wed Apr 07, 2021 8:55 am
Forum: Personal Consumer Issues
Topic: The best $10,000 to $15,000 vehicle.
Replies: 42
Views: 3285

Re: The best $10,000 to $15,000 vehicle.

$15k would buy a brand new Honda FIT. Or a slightly used Civic LX. What's important to you besides reliability and fuel mileage? Heck...a Mazda Miata fits the mpg and reliability requirements. A newer NB with low mileage fits your budget easily. Last time we were looking for cars (January '17) the ...