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He's a little too flippant with the healthcare costs I think. Once he gets in his 50s even those high deductible plans are going to be 1-2000 a month, and one post he had said he just wasn't going to get his kid braces. I'm not sure if he's expanded on it anymore though.
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Jul 18, 2013 16:10
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baquerd posted:You can specifically get maternity insurance, and if your birth goes perfectly it won't be that expensive to begin with, less than $5k. Really? I can't imagine such a service being worth it financially since the only people who would get it would be women expecting to get pregnant soon. Cicero posted:http://www.mrmoneymustache.com/2011/09/21/i-can-never-retire-because-of-health-insurance-waaah-waaah/ That only enforces my point. He has a low rate because he and his wife are in their mid to upper 30s. When I run a husband and wife in my zip code born in 1950, lowest service is $580 a month. Born in 1960, lowest service is $380. And then consider that the average rate inflation expected by the industry is 12% a year. Harry fucked around with this message at 18:58 on Jul 18, 2013 |
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Jul 18, 2013 18:46
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Cicero posted:How does admitting that plans will run from around $350-$600 only 'enforce' (reinforce?) your point that those plans will be one to two thousand dollars? I too believe that when my numbers are off by a factor of 3, that only reinforces them. Should be reinforce, phone doesn't know best. Anyway, these were flyby quotes from a website for only 2 people. Even under some dream scenario where you're only paying $380 a month at age 60, you will still be incuring a ton of medical costs from medication and any doctors visit.
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Jul 18, 2013 19:32
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It's pretty obvious the wife doesn't care. Quit trying to pretend this is something it isn't.
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Oct 23, 2013 20:18
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LorneReams posted:I stand by my statement. And if she cared she'd ask about it at some point.
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Oct 23, 2013 20:25
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There's a difference between paying for someones college and getting them braces.
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Nov 4, 2013 00:27
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tuyop posted:Or just get a grip on your impulses and keep it in your chequing account. You can kiss that money goodbye if someone gets ahold of your account number.
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Nov 6, 2013 18:55
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Jeffrey posted:Are you suggesting it is a bad idea to have a checking account at all? That is a weird post. No, having all your money in a checking account is a bad idea.
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Nov 6, 2013 19:01
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razz posted:That's not how my overdraft protection works. It doesn't siphon it from my savings account. It just won't let the transaction run through. Capital One and Chase (I'm assuming all major banks as well) has the option for the money to come out of your savings account automatically instead of being declined/overdrafted. It's title is something similar to overdraft protection.
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Nov 6, 2013 21:47
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I would be careful with private REITs. There's a lot of fly by night ones popping up now, that basically round up investor and ream them with fees.
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Feb 2, 2014 03:25
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Jeffrey posted:This is very much true with mutual funds as well, charging you fees to not beat the market is a racket. Agreed, but those are federally regulated and have a much clearer picture of the fee structure. I work in the industry, and let's just say there's some winners and a lot of suckers. Especially since they're a hot investment tool these days.
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Feb 2, 2014 03:46
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Is it a 2-door or 4-door?
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Nov 8, 2014 03:11
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the littlest prince posted:How do people using Betterment avoid creating a wash sale from activity in other accounts? Because your basis in a stock doesn't matter in an IRA or 401k.
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Nov 8, 2014 15:42
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I'm upset that MMM has committed wrong think as well. You should try to bait him into a Twitter exchange and have people email his work for him to get fired. Oh wait
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Mar 4, 2015 16:29
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I don't think keeping finances completely separate and Financial Independence really meshes together. You also don't seem to understand there's a difference between positioning yourself defensively with your family and going almost out of your way to get hosed over. Just combine your finances if you want to do the stay at home dad thing.
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Apr 16, 2015 01:27
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Dwight Eisenhower posted:Separated finances with mutually understood commitments to recurring expenses keep all additional discretionary spending and saving from becoming a point of contention. When two people have income coming in I see splitting it working (although I still don't see the point). But when you have one stop working, then having to use a bulk of their savings to pay off the mortgage where the wife then will contribute more to the monthly expenses it just doesn't make sense.
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Apr 16, 2015 14:15
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TraderStav posted:DB plans also are not nearly as prevalent currently. Neither this generation of employees or companies want DBs. Employees want the freedom to change jobs and companies want the burden off of their shoulders in the future. The loyalty of a company to an employee, and of an employee to a company is shattered compared to the Pre-1980s. Also the average age of a company has like halved since then. Does really make sense to rely on a defined benefit plan when the company can vanish in a year or two.
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May 11, 2015 22:34
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Because that's something that takes 5 minutes to explain (if it even needs to be).
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May 25, 2015 16:03
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What if I were rich and paid a lab to make a clone of myself. He would have the same genetics, and be privileged in the sense he wouldn't exist without me having money. But I wouldn't tell him how to use an online bank.
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May 28, 2015 04:08
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N.N. Ashe posted:I'm pretty gun shy about getting credit cards for rewards, then sacking them or what not. Are there some good primers on this anyone would recommend? Chase freedom is doing a $200 reward for $500 spend. Pretty much a perfect babies first bonus. Just sign up online, get card, spend money on it, get bonus.
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Jun 16, 2015 15:46
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Another 20 something female millennial writer telling people how to live on what is most likely Daddy's dime.
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Sep 19, 2015 18:16
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Dwight Eisenhower posted:This is laughably wrong for one simple reason: you have to pay interest on the loan in addition to securing some amount of income on your investment in the triplex. He's worded so many things wrong here, but you're not factoring in him living in one of the units. I have no idea what he means by "return" since you don't base your return off the full purchase price, and a 6% cap rate would be way too high for a triplex with one unit not collecting. But let's say each unit rents for $750 just for fun. That gives us the $1,500 a month in income we want, then we take out the mortgage of $1381.25, and let's just say $400 a month in additional expenses. So that leaves a -$281.25, but he's living in a unit rent free that goes for $750. So he's really benefitting by $468.75 a month, or $5,625 a year. His return is based on what money he put in (the $15,000), so it's a 37.5% return. Now, if all 3 units rent for $1,500 a month, clearly it was a poo poo deal. REITS and rental properties are nowhere even close to comparable and I don't understand why people keep acting like they are.
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Feb 12, 2017 04:35
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How are dividends taxed? Is there a cap on your mortgage when adjustment comes?
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May 5, 2018 05:26
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danse macabre posted:
In the US a lot of ARMs have a max about the interest can jump. So you have a 3.75%, and rates just sky rocket to 8%, some mortgages will have a max of let's say 5%.
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May 6, 2018 01:14
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I would say it depends what the payoff schedule looks like for the home. I think FIRE’ing without a paid off home is a terrible idea. So if you have 10 years left on the house payments, I wouldn’t accelerate the payoff.
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Oct 12, 2018 22:14
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GoGoGadgetChris posted:Exactly! You've got the freedom to change price points, neighborhoods, cities, states, anything you want. If you do that with a house, you're either going to sell it (and take a haircut from broker's fees) or rent it out, and suddenly you're a landlord to one of the worst investment vessels you could make. Yeah there's the freedom, but what's the likely hood of you doing it? I was a big fan of that freedom, but I still lived within the same 10 mile area for 10 years (7 years renting). It depends what kind of rental market you're in, but in Dallas for example rents average 6% increases YoY for like 8 years straight. It's leveled off some now, but your options were either pay the increased rent, most likely pay higher rent somewhere else, or move even further out. This wasn't even a market where you need first, last, and a month's security deposit to move places.
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Oct 13, 2018 00:05
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