Search found 9037 matches

by stoptothink
Sun Apr 18, 2021 11:32 am
Forum: Personal Finance (Not Investing)
Topic: "Nobody's ever regretted paying off the mortgage."
Replies: 321
Views: 21701

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

6. Those who recommend Investing your extra cash flow (after maxing out tax deferred) in stocks instead of using that money to pay off your house are advocating by default to borrow money to invest in stocks. By this same logic should you borrow extra money beyond the value of your house to invest?...
by stoptothink
Sun Apr 18, 2021 11:25 am
Forum: Personal Finance (Not Investing)
Topic: What Does College Tuition Really Cost?
Replies: 69
Views: 5201

Re: What Does College Tuition Really Cost?

Maybe I'm missing something but do all kids graduating get close to a 4.0 GPA? Even with today’s inflated grades, not for un weighted GPA. I guess schools that have 72 valedictorians probably have multiple 4.0s though. https://www.washingtonpost.com/posteverything/wp/2015/06/10/heres-how-my-graduat...
by stoptothink
Sun Apr 18, 2021 9:26 am
Forum: Personal Finance (Not Investing)
Topic: Tales from this insane real estate market
Replies: 431
Views: 53587

Re: Tales from this insane real estate market

btq96r wrote: Sun Apr 18, 2021 12:03 amOh, and I live in the Nashville area, where U-Haul's from California seem to be getting tractor beamed into.
Found out yesterday that my new next-door neighbor (in Utah) moved here from California, that makes 5 of the 8 homes on my block owned by families who are California natives.
by stoptothink
Sun Apr 18, 2021 9:16 am
Forum: Investing - Theory, News & General
Topic: Don't fuss about 529 accounts. Have your child skip the first two years of college instead!
Replies: 135
Views: 9084

Re: Don't fuss about 529 accounts. Have your child skip the first two years of college instead!

My college years were formative and not just because of classes. The socialization, friendships and connections made have benefited me for decades. I hold a dim view of AP classes and online school. College is much more than just getting a class credit. I feel sorry for people who graduate with a d...
by stoptothink
Sat Apr 17, 2021 4:33 pm
Forum: Investing - Theory, News & General
Topic: Don't fuss about 529 accounts. Have your child skip the first two years of college instead!
Replies: 135
Views: 9084

Re: Don't fuss about 529 accounts. Have your child skip the first two years of college instead!

I'm very confused as why there is a push against college, mainly from college educated people. Don't get me wrong the cost is extremely concerning, but the benefits of college vastly outweigh those of no college education. 529's aren't the end all be all and how to fund college should be far less m...
by stoptothink
Sat Apr 17, 2021 11:35 am
Forum: Personal Investments
Topic: Financial Samurai Blog -Passive Income Portfolio - is this guy legit or am I going off track?
Replies: 67
Views: 16316

Re: Financial Samurai Blog -Passive Income Portfolio - is this guy legit or am I going off track?

Also keep in mind that he gets paid by Wealthfront, Lending Club, and RealtyShares. Does "Sam" ever actually acknowledge this - as a disclaimer - when he's hawking these entities? I once looked him up, saw an article om how 400K is not enough to live on in SF, laughed and never visited hi...
by stoptothink
Sat Apr 17, 2021 11:21 am
Forum: Investing - Theory, News & General
Topic: Don't fuss about 529 accounts. Have your child skip the first two years of college instead!
Replies: 135
Views: 9084

Re: Don't fuss about 529 accounts. Have your child skip the first two years of college instead!

Barely any people passed the AP classes when I was in high school. That was 10 years ago tho. The classes were way harder than the college equivalents I took later. Probably the two most difficult classes I ever took were AP classes in high school, and I have an "elite" undergrad and a Ph...
by stoptothink
Sat Apr 17, 2021 8:36 am
Forum: Investing - Theory, News & General
Topic: Don't fuss about 529 accounts. Have your child skip the first two years of college instead!
Replies: 135
Views: 9084

Re: Don't fuss about 529 accounts. Have your child skip the first two years of college instead!

And a personal note. I advance-placed out of freshman physics, and as a result I missed out on the famous demonstration involving the bowling ball suspended on a long wire. (The professor takes the ball and walks backward with it until their head is flat against the wall and the bowling ball is tou...
by stoptothink
Sat Apr 17, 2021 8:03 am
Forum: Personal Finance (Not Investing)
Topic: Factoring tax credits towards being able to Semi-FIRE
Replies: 17
Views: 1298

Re: Factoring tax credits towards being able to Semi-FIRE

I'm not sure how you feed a family of 4 on $25,000 a year. What type of jobs are you thinking of that are so easy to do part-time? Not that I think this is a good idea at all (we're a decade older, with 5x the assets and wouldn't remotely consider it right now ), but we're a family of 4 with total ...
by stoptothink
Fri Apr 16, 2021 2:23 pm
Forum: Personal Consumer Issues
Topic: Please suggest a docuseries to watch
Replies: 24
Views: 1864

Re: Please suggest a docuseries to watch

“This is a robbery” on Netflix I just started that. Feels like 4 episodes that could have been cut to one. You could be right. Although there are a lot of moving parts to the story that would be tricky to rush through too. In the end, we enjoyed it, but it helped a lot that we have visited the Gard...
by stoptothink
Fri Apr 16, 2021 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: What Does College Tuition Really Cost?
Replies: 69
Views: 5201

Re: What Does College Tuition Really Cost?

Very few families pay the sticker price. Even at much lower ranked universities, it's somewhat common to see them knock 10K or so off of their bill as an enticement for the family and student to believe that they're getting a deal, or some kind of recognition. In another college thread, there is a ...
by stoptothink
Fri Apr 16, 2021 1:31 pm
Forum: Investing - Theory, News & General
Topic: Cryptocurrency - Bitcoin Continues to Soar!
Replies: 299
Views: 25261

Re: Cryptocurrency - Bitcoin Continues to Soar!

My social media feeds were filled with posts saying just "Dogecoin"; came here to see why. I see some of my intelligent and otherwise quite financially conservative friends getting heavily involved. I'm staying on the sidelines.
by stoptothink
Fri Apr 16, 2021 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: "Nobody's ever regretted paying off the mortgage."
Replies: 321
Views: 21701

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

I am seriously surprised by the number of people who say they regret paying off their mortgage. I get that the market has done great recently, but if you truly regret it, it is not an irreversible decision. What is stopping you from going out and taking a new mortgage? As I understand it you should...
by stoptothink
Fri Apr 16, 2021 8:39 am
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 211
Views: 10414

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

....unless this entire post/discussion was started as a term we call "gunner behavior" in med school, where you deliberately mislead other people from making the right choice, eliminating competition for select spots before they even know it. Nope. My kid is average. The ROI for spending ...
by stoptothink
Fri Apr 16, 2021 8:15 am
Forum: Personal Consumer Issues
Topic: can I get boglehead approval for a 70K truck?
Replies: 97
Views: 5351

Re: can I get boglehead approval for a 70K truck?

Yes, you can. Just today, one of the employees, 2 levels below in my department showed me his pre-order Tesla truck today. He makes $25 an hour and his wife makes about the same. Sigh. Ehhh, one of my neighbors came home with a C8 the other day, he's a history teacher at the local high school and h...
by stoptothink
Thu Apr 15, 2021 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 2507
Views: 575328

Re: Share your net worth progression

For reference, here is the latest professional study for the retirement savings by age: https://dqydj.com/retirement-savings-by-age/ Most people on this forum are definitely well beyond median numbers. The website provides a calculator to calculate your percentile. That is a very interesting link. ...
by stoptothink
Thu Apr 15, 2021 7:18 pm
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 211
Views: 10414

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

This is really easy to say when money isn't an issue. Tell that to the "average" U.S. family. The average US family will pay none to attend the top privates in the US if their children is accepted. Has anybody said don't attend a top private if you are accepted and have minimal cost? I al...
by stoptothink
Thu Apr 15, 2021 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 211
Views: 10414

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

This might be surprising to some but money isn't everything in life. Say you want to research on robotic arms through neural implants. Good luck finding those jobs outside academia. Or these kinds of cool research projects currently at schools like Carnegie Mellon: (assistive robots for blind trave...
by stoptothink
Thu Apr 15, 2021 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 211
Views: 10414

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

But more seriously -- one of the harder nuts to crack in higher ed is how to acculturate first-generation students (neither parent with bachelor's) to the norms of college, which are instrumental in graduation rates, success, and so forth. Being around a peer group that 'just knows' how things are ...
by stoptothink
Thu Apr 15, 2021 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: First child entering college in the fall... need some advice
Replies: 174
Views: 10426

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

I'll give another perspective that shows just how hard "need" based aid is. Of course, this has probably changed over time, but when I was entering college in the early 1990's, it was expected that my parents (3 kids, I was the only one in college) should be paying some obscene amount of ...
by stoptothink
Thu Apr 15, 2021 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: Power of a personal real estate offer letter
Replies: 77
Views: 4791

Re: Power of a personal real estate offer letter

It works for some people and not for others. You have a 50% chance of them liking it and helping you or hating it :) As a seller in the past, I have asked the realtor to just toss the letters out. For me, this is a financial transaction, not a personal one (buying/selling a house). I know of severa...
by stoptothink
Thu Apr 15, 2021 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 211
Views: 10414

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

The most important constituent on this thread is not participating in it, that is the student, what do they want to do? In end, no matter what other people think, the kid who is going to college will form their own opinion. It's nice to have these conversations for parents to develop ideas, but wit...
by stoptothink
Thu Apr 15, 2021 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 211
Views: 10414

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

The most important constituent on this thread is not participating in it, that is the student, what do they want to do? In end, no matter what other people think, the kid who is going to college will form their own opinion. It's nice to have these conversations for parents to develop ideas, but wit...
by stoptothink
Thu Apr 15, 2021 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: First child entering college in the fall... need some advice
Replies: 174
Views: 10426

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

Another thing to consider is that in a STEM field your daughter will likely be able to corral some well paying internships in the summer. Our sons had internships all three summers after school years, and all paid over 8k per month. That makes a nice dent in the costs. Ding! Ding! Ding! There are i...
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: 174
Views: 10426

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: 50
Views: 4109

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: 321
Views: 21701

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: Investing - Theory, News & General
Topic: Non-fungible tokens (NFTs): anyone investing in those?
Replies: 246
Views: 17411

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: 47
Views: 5500

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: 321
Views: 21701

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: 174
Views: 10426

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: 174
Views: 10426

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: 174
Views: 10426

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: 174
Views: 10426

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: 44
Views: 3813

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: 47
Views: 5500

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: 12728

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: 47
Views: 5500

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: 2552

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: 211
Views: 10414

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: 211
Views: 10414

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: 2994

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: 282
Views: 20840

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: 282
Views: 20840

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: 2096

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: 282
Views: 20840

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: 7038

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: 211
Views: 10414

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: 211
Views: 10414

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: 211
Views: 10414

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...