Search found 47 matches

by johncunningham
Sat Jan 16, 2021 9:03 am
Forum: Personal Consumer Issues
Topic: Simple but fun cars
Replies: 57
Views: 4420

Re: Simple but fun cars

Love these car threads. I think you are getting good advice. Get 2 cars. You are halfway to my dream already. Porsche cabriolet and a Jeep. I have a 2013 Jeep 4 door and a 2011 M3 convertible. They are both reliable enough and inexpensive enough to drive and have fun with. I’m actively looking for 2...
by johncunningham
Fri Nov 13, 2020 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: If your net worth is over $3 million, how did you do it?
Replies: 543
Views: 141858

Re: If your networth is over $3 million, how did you do it?

Not wanting to hijack, so move this if its inappropriate... But I'm curious as well. I am late thirties. Married to a (very) part time (since the kids were born) big law attorney and work full-time as physician. This January we hit 1.6M. We are saving aggressively, but live in a HCOL area and have ...
by johncunningham
Thu Aug 27, 2020 1:49 pm
Forum: Personal Consumer Issues
Topic: Any car enthusiasts? (or soon to be)
Replies: 130
Views: 8749

Re: Any car enthusiasts? (or soon to be)

I'll chime in with another thought. My first "play car" was a jeep wrangler four door. I really wanted a convertible but had 2 kids in boosters and another in a baby bucket. I have had the Jeep 8 years. Still love it. My kids love it. Its fun. I drive it all winter with the doors and the r...
by johncunningham
Thu Aug 27, 2020 1:44 pm
Forum: Personal Consumer Issues
Topic: Any car enthusiasts? (or soon to be)
Replies: 130
Views: 8749

Re: Any car enthusiasts? (or soon to be)

Love these threads. Remember, (at least for me) looking, test driving and chasing "the one" is half the fun. I waited till I was early 40's with a secure net worth (close to your suggested range) to start buying. I have a low mileage e93 M3 6MT. Its awesome, super fun, easy to drive, makes...
by johncunningham
Wed Jul 01, 2020 12:16 pm
Forum: Personal Investments
Topic: New Poster. Talk me out of 100%stock allocation
Replies: 56
Views: 11643

Re: New Poster. Talk me out of 100%stock allocation

Fair point regarding cash position. For me it’s around 2 percent of investable assets. 7 years ago it was more like 6%. Portfolio got bigger. Emergency fund stayed the same... Emergency funds are a funny thing tho. At this point, my emergency fund is a many layered cake. There is cash, there is a ho...
by johncunningham
Tue Jun 30, 2020 11:14 pm
Forum: Personal Investments
Topic: New Poster. Talk me out of 100%stock allocation
Replies: 56
Views: 11643

Re: New Poster. Talk me out of 100%stock allocation

OP here I decided to resurrect a thread... I have always appreciated the advice on this forum and for some reason I like to read the longitudinal stories, so I thought I would revive this one. I'll try not to go in excruciating detail. I'm seven years older. still in the same house, and the nest egg...
by johncunningham
Tue Jun 09, 2020 2:59 pm
Forum: Personal Consumer Issues
Topic: Looking at buying house with in-ground pool. What questions should we ask?
Replies: 62
Views: 4006

Re: Looking at buying house with in-ground pool. What questions should we ask?

Re: troublefreepool.com If you are a do it yourself type, that forum is hands down the best resource you will ever find. Cannot overstate this. We are on year five of a gunite pool in New England. It has a gas fired furnace, salt water chlorine generator, and a Polaris. I spend less than an hour a w...
by johncunningham
Wed Apr 22, 2020 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Advice on buying a weekend car [UPDATE]
Replies: 90
Views: 4648

Re: Advice on buying a weekend car

Another point... Fun cars change with time. My Jeep was purchased as a compromise. I wanted a defender... but I had three kids in car seats. Jeep is the only relatively safe (abs, airbags, latch anchors) 5 passenger convertible you can buy. The M3 was purchased because, it had to be a convertible, h...
by johncunningham
Tue Apr 21, 2020 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on buying a weekend car [UPDATE]
Replies: 90
Views: 4648

Re: Advice on buying a weekend car

I love responding to car posts. Won’t comment on the finances other than to say I think you are in fine shape. Waiting, saving, and investing will always be the “safer” play. 7 years ago I bought a wrangler unlimited as a practical fun car. Last year I bought an E93 (2011) M3 convertible. They are b...
by johncunningham
Wed Oct 23, 2019 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: Spending Money - Surprising Low Fun Return
Replies: 58
Views: 6824

Re: Spending Money - Surprising Low Fun Return

I feel like I only log in to reply to car related (even tangentially) posts. I have been an aggressive saver, and I'm only 42, but I bought a ten year old convertible last December, and it makes me smile every time I get in it. I guess its only been a year, but the shine hasn't worn off yet. My kids...
by johncunningham
Mon Apr 08, 2019 11:09 am
Forum: Personal Consumer Issues
Topic: fun car advice
Replies: 140
Views: 10581

Re: fun car advice

I recently picked up a 2011 M3 convertible. It had been a summer only toy for the first buyer. It will remain that way for me. 400 horses high revving 8000+ redline Non turbo v8 that makes an amazing noise... real hard top convertible real backseats 6 speed manual (admittedly about 80% of these M3 c...
by johncunningham
Sat Dec 29, 2018 8:05 am
Forum: Personal Finance (Not Investing)
Topic: How to afford a sports car?
Replies: 128
Views: 10319

Re: How to afford a sports car?

I feel like I mostly respond to car posts... At 24, I was in love with Land Rover defenders, especially British Racing Green, but I drove an inherited Chevy, At 31, I was in love with e39 M5s. In particular Imola red ones. But I bought a Subaru Impreza. At 36, with three small kids, a new mortgage, ...
by johncunningham
Thu May 17, 2018 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage decision killing me
Replies: 52
Views: 7970

Re: Mortgage decision killing me

I was in a very similar place three years ago. Income similar, house, mortgage, age, and savings similar. rates were slightly better. After a fair amount of back and forth, I decided that a 15 year note was a good compromise. I have friends and neighbors that were very focused on "locking in on...
by johncunningham
Fri Mar 30, 2018 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: Should I loan my child money for college?
Replies: 73
Views: 7140

Re: Should I loan my child money for college?

I wish I knew the answer to your specific question. Sadly, I don't. But I will share that my folks loaned me almost 10k at market rates in 1998 to fund a post bacc year. We had a loan agreement typed and signed (at the kitchen table). I kept my end of the bargain and paid them back with earnings fro...
by johncunningham
Sat Feb 03, 2018 12:27 pm
Forum: Personal Consumer Issues
Topic: Life Balance of spending and saving
Replies: 54
Views: 6167

Re: Life Balance of spending and saving

My wife and I faced this decision 2 years ago when our kids were 3,5 and 7. We live in New England. With a spa and a natural gas heater we use our pool intermittently from mid April to May as well as October to early November. June, July, August and September nearly daily use. Small kids love to swi...
by johncunningham
Fri Dec 08, 2017 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: At what age did your net worth increase more than your gross income?
Replies: 2
Views: 925

At what age did your net worth increase more than your gross income?

I didn’t want to hijack a recent similar thread. But I do like frivolous accounting, and some things catch my eye. I realized a few weeks ago, that my net worth will likely increase more this year, than my household gross income. For heavy savers, this may happen at a young age. I’ll go first. God w...
by johncunningham
Fri Oct 13, 2017 9:17 am
Forum: Personal Consumer Issues
Topic: SUV options with 3 little kids
Replies: 57
Views: 6690

Re: SUV options with 3 little kids

I'll play. I'm surprised no one mentioned the Sequoia. Admittedly, it is due for a model refresh. It is absolutely worth looking at tho. It is a little bigger than a Tahoe, which we had previously, and a little smaller than a suburban. It has a a split 40/60 third row, which is HUGE for flexibility....
by johncunningham
Sun Jul 30, 2017 7:52 am
Forum: Personal Finance (Not Investing)
Topic: Can I afford it ? [A new car]
Replies: 95
Views: 9080

Re: Can I afford it ? [A new car]

In my opinion you can easily afford the car. Also, I have no issue with taking low interest loans. You are talking about a purchase that is 1/5 or less income and 1/20th of net worth. Compared to the rest of America very manageable. Compared to conservative bogleheads factions, less so. I am a few y...
by johncunningham
Sat Apr 01, 2017 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: High Earners - What's Your Profession?
Replies: 963
Views: 161511

Re: High Earners - What's Your Profession?

I do not want to derail this thread, but arsenalfan, so you mind if I ask how long you have been in practice?
by johncunningham
Sat Jan 07, 2017 11:03 am
Forum: Personal Finance (Not Investing)
Topic: Doctors and retirement
Replies: 67
Views: 10222

Re: Doctors and retirement

I think that the 5-10M goal needs to be considered in context. If we are talking about 2016 dollars, I agree that seems like a lot. I read WCI regularly and judging by a lot of the commenters, I feel like his audience probably skews younger than older. Five, or even 10 million doesn't seem like that...
by johncunningham
Sat Nov 26, 2016 12:10 am
Forum: Personal Consumer Issues
Topic: What IS this? Salad tongs for elves?
Replies: 63
Views: 12378

Re: What IS this? Salad tongs for elves?

I have no idea if it is indeed a skirt/dress holder... But in my grandmothers kitchen, in rural America, in the seventies, there was one on either side of the kitchen sink. Screwed into the cabinet face. She hung "tea towels" or wash rags on them.
by johncunningham
Wed Oct 19, 2016 3:15 pm
Forum: Personal Consumer Issues
Topic: Two stage Snowblowers -- 22" or 28+"?
Replies: 40
Views: 4166

Re: Two stage Snowblowers -- 22" or 28+"?

I'm in metro west boston and my driveway is short, about 50 feet, but is also three garage bays and a turn around wide. So, my snow blower needs to "throw" quite a distance. I wanted to maximize power and minimize garage footprint during storage. Ended up with an Ariens Platinum 24. It has...
by johncunningham
Mon Sep 05, 2016 3:16 pm
Forum: Personal Consumer Issues
Topic: Next Weekend Car - Dodge Viper to What?
Replies: 65
Views: 9182

Re: Next Weekend Car - Dodge Viper to What?

I have no idea if you need a reasonable backseat, and if you're looking for attention, disregard what follows... I recently turned my weekend car (jeep wrangler) into my daily driver to make room in the garage. Couldn't get rid of the jeep, but opportunity is knocking. I friend has a low mileage e39...
by johncunningham
Sun Jul 31, 2016 10:12 am
Forum: Personal Finance (Not Investing)
Topic: Roth 401k for high earners
Replies: 21
Views: 4591

Re: Roth 401k for high earners

I am in a similar place. Income less than 1MM, but in the range where I believe your thinking is correct. I'm 39, and my wife and I have been able to put ~75k/year into a combo of our 401k's since I was 29, and she was 28. If things go well, we will have RMDs that put us dangerously close to top tax...
by johncunningham
Fri May 13, 2016 11:34 am
Forum: Personal Finance (Not Investing)
Topic: Physician Retirement Savings
Replies: 400
Views: 88356

Re: Physician Retirement Savings

I read the forum daily, and often find an interesting and very helpful nugget. So, I'll try to respond. After typing this, I very nearly deleted it... But, I think this kind of information can be very hard to find. I am 39. Wife 38. I work full time. My wife works a very part time schedule. We have ...
by johncunningham
Thu Dec 10, 2015 6:15 pm
Forum: Personal Consumer Issues
Topic: Used 4 passenger convertible recommendations
Replies: 33
Views: 3100

Re: Used 4 passenger convertible recommendations

I bought a four door wrangler three summers ago. They have been around since 2007 and they are cranking out 20,000 a month. A true three shift assembly line. You give up on some creature comforts but is body on frame construction with airbags and seating for three in the second row. In the beginning...
by johncunningham
Wed Sep 23, 2015 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: MDs--Academics or Private Practice?
Replies: 47
Views: 8440

Re: MDs--Academics or Private Practice?

I am 8 years out of residency. I faced a similar decision when I finished. The thing that I fortunately realized is this: A good/great private practice may only hire every few years. It seemed to me then, and still seems to hold true, that I could get an academic job in my city tomorrow. I am thrill...
by johncunningham
Tue Aug 18, 2015 12:43 am
Forum: Personal Finance (Not Investing)
Topic: Your First Job
Replies: 113
Views: 11371

Re: Your First Job

I have an uncle that is an electrician. I was his gofor (gopher) ( step and fetch it man) after school and on weekends. I started to help him when I was 12 or so. I learned a lot about the trades doing that through high school. Like many have posted, it was off the books, and probably illegal. I was...
by johncunningham
Mon Jun 01, 2015 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: Your opinion on realistic income to live in a $1 million home?
Replies: 144
Views: 55496

Re: Your opinion on realistic income to live in a $1 million home?

I hear a lot of doom and gloom. Its all relative. 500k income with a 20-30% downpayment is a very manageable situation. I took out a 1M mortgage. I made a 30 percent down payment. I have an income around the higher end of your range. Easy Peasy. PITI 96k/yr... 15 year fixed at 3% taxes are a funny o...
by johncunningham
Wed Feb 25, 2015 10:32 pm
Forum: Personal Finance (Not Investing)
Topic: How much did you have saved up for retirement at age 30?
Replies: 173
Views: 25742

Re: How much did you have saved up for retirement at age 30?

I turned 30 in 2006. My personal net worth was ~negative 140k. ~35k in 401k, 175k loan balance. My wife at that time, age 29 had ~100k in retirement savings. Sadly our combined net worth was still negative. Since then she has switched jobs, had three kids and gone very part time at work. I finished ...
by johncunningham
Wed Feb 25, 2015 9:49 pm
Forum: Personal Consumer Issues
Topic: Subaru and Consumer Reports ratings
Replies: 100
Views: 32062

Re: Subaru and Consumer Reports ratings

I have a 2008 Impreza. Also living in the North East. I have a job that requires me to report EVERY day before 0700. I have driven many miles in anything from slick ice to unplowed side roads a foot or more deep. I love the car. It was great with factory tires, but adding a set of dedicated winter t...
by johncunningham
Thu Jan 22, 2015 7:28 pm
Forum: Personal Consumer Issues
Topic: What do you drive, and why?
Replies: 255
Views: 39976

Re: What do you drive, and why?

On rainy, snowy, or cold days I drive a Subaru Impreza. Bought it new. Paid cash. It's practical. On sunny days I drive a Jeep Wrangler. It has half doors and a soft top that has almost never been up. Bought it new. Paid cash. It is almost practical. My wife drives a Toyota Sequoia. Bought it new. F...
by johncunningham
Sun Jan 18, 2015 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: If your net worth is over $3 million, how did you do it?
Replies: 543
Views: 141858

Re: If your networth is over $3 million, how did you do it?

Not wanting to hijack, so move this if its inappropriate... But I'm curious as well. I am late thirties. Married to a (very) part time (since the kids were born) big law attorney and work full-time as physician. This January we hit 1.6M. We are saving aggressively, but live in a HCOL area and have t...
by johncunningham
Tue Dec 23, 2014 12:52 am
Forum: Personal Finance (Not Investing)
Topic: What % of net worth is your home?
Replies: 127
Views: 26657

Re: What % of net worth is your home?

HCOL area. Equity represents ~26% of networth. Home price around 80% of networth. Age 30's. Outstanding balance ~1.6x Income.
by johncunningham
Tue Dec 23, 2014 12:23 am
Forum: Personal Consumer Issues
Topic: Cost to ship a car
Replies: 19
Views: 2812

Re: Cost to ship a car

I shipped a full size SUV (Chevy Tahoe) door to door from Orlando Florida to Massachusetts February 2014 for $750. Open truck. I used a shipping agent, who made a living filling loads on independent trucks. It took a few phonecalls, but was worth every penny.
by johncunningham
Sat Jun 14, 2014 10:56 am
Forum: Personal Finance (Not Investing)
Topic: I need a Bogleheads reminder [New home - how much to spend?]
Replies: 44
Views: 4584

Re: I need a Bogleheads reminder [New home - how much to spe

I have to agree. Never buy the biggest, most expensive, best... In my case the houses I can see from my front door are new"ish", and they sell for 2-3* what I paid. We found out after closing on our house that we were bidding against a developer who was planning on tearing it down. We are ...
by johncunningham
Sat Jun 14, 2014 9:41 am
Forum: Personal Finance (Not Investing)
Topic: I need a Bogleheads reminder [New home - how much to spend?]
Replies: 44
Views: 4584

Re: I need a Bogleheads reminder [New home - how much to spe

Similar situation. My wife and I decided to buy a house for slightly more than twice our gross. We made a significant down payment and have a mortgage that is about 1.5 times our gross. We could have bought for much less in a different town, but chose our location for quality of schools, neighborhoo...
by johncunningham
Tue May 20, 2014 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 2526
Views: 583008

Re: Share your networth progression

2006: -7332 2007: 88,390 2008: 101,100 2009: 120,508 2010: 354,977 2011: 566,091 2012: 769,279 2013: 1,031,610 2014: 1,385,100 All as of 1/1/20XX Before 2006, it was much more negative, but I kept my head in the sand. I'm 37 married to the same woman since 2004. (Divide by two if need be) I have a g...
by johncunningham
Tue Jan 21, 2014 3:12 pm
Forum: Personal Consumer Issues
Topic: How do you buy a weekend car?
Replies: 18
Views: 2792

Re: How do you buy a weekend car?

Slightly off topic, but here goes. Whatever you want, assuming your finances are in order, buy it before the kids arrive. My dream car was by no means exotic, but hardly practical either. I have wanted (and still may one day own a land rover defender). By the time I could readily afford one, I had t...
by johncunningham
Fri Jan 17, 2014 11:26 pm
Forum: Personal Consumer Issues
Topic: Truck/Car Envy....How do You Deal with It?
Replies: 64
Views: 7549

Re: Truck/Car Envy....How do You Deal with It?

As a former owner of a 1994 S10 pickup (which I sadly sold in 2004, when I got married and we only needed 1 car) I hear you. It was, and I imagine still is, one of the most practical cars ever made. That's beside the point though. In 2008, when we needed a second car again, I bought a bare bones sub...
by johncunningham
Sat Dec 07, 2013 5:17 pm
Forum: Personal Consumer Issues
Topic: small 4WD pick-up
Replies: 27
Views: 2922

Re: small 4WD pick-up

I had a 1994 S-10 4WD with the 4.3 V6 and a 5 speed manual transmission. Sold it in 2004 after 125,000 miles. It ran like a top and never once let me down. (I still think about that truck and wish I wouldn't have sold it, but I got married, my wife had a newer car, and we only needed one vehicle.) M...
by johncunningham
Sun Oct 13, 2013 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: Why are so many physicians unhappy with their careers?
Replies: 110
Views: 11285

Re: Why are so many physicians unhappy with their careers?

I'll play. I'm a private practice doc. I'm five years out of residency, and I have to think that I'm actually pretty happy. I am in a hospital based specialty. It isn't everything I dreamed it would be when I was in school, but all in all I think life is good. I think I am paid fairly, and honestly ...
by johncunningham
Fri Sep 27, 2013 4:53 pm
Forum: Personal Investments
Topic: New Poster. Talk me out of 100%stock allocation
Replies: 56
Views: 11643

Re: New Poster. Talk me out of 100%stock allocation

OP here. Thanks for all the thoughtful responses. I have to admit I'm digesting. When considering need to take risk vs risk capacity, who or what should I be reading? As for paying down the mortgage, it seems like a very safe play that at the absolute worst only ensures a roof over my head. Thanks a...
by johncunningham
Fri Sep 27, 2013 4:04 am
Forum: Personal Investments
Topic: New Poster. Talk me out of 100%stock allocation
Replies: 56
Views: 11643

Re: New Poster. Talk me out of 100%stock allocation

Jim

Thanks for your thoughts. I have been considereing exactly what you suggest. I know I could probably do better than the 3.875, but it is a sure thing. I can't imagine the feeling people must have when they are mortgage free.
John
by johncunningham
Fri Sep 27, 2013 1:05 am
Forum: Personal Investments
Topic: New Poster. Talk me out of 100%stock allocation
Replies: 56
Views: 11643

New Poster. Talk me out of 100%stock allocation

Bogleheads, Thanks in advance. I hope this is the proper forum for my question. Please bear with me. The basics: -Emergency funds: 6 months cash -Debt: Mortgage 30 year fixed at 3.875 balance 970k Student Loan 1.625% balance 139k -Federal Tax rate 39.6 State 5.3% -Massachusetts -Age 36, wife 35 -Des...
by johncunningham
Sat Feb 16, 2013 1:57 pm
Forum: Personal Consumer Issues
Topic: Car buying and financial ratios - what do Bogleheads do?
Replies: 100
Views: 11243

Re: Car buying and financial ratios - what do Bogleheads do?

OP, I just joined the forum in order to respond. Long time reader... In any event, I think you are right on. I just bought a "play" car. Long story short, you only live once. In an effort to let everyone judge: I am 36. Married, three small kids. Make a decent income $500k+ But, I have onl...