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A place for Get Rich Slowly readers to ask questions
and exchange ideas
It is currently Tue Sep 27, 2016 5:06 pm

Viewing profile - JMC

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Joined: Mon Jan 02, 2012 3:21 pm
Last visited: Tue Dec 03, 2013 11:55 am
Total posts: 89
[0.10% of all posts / 0.05 posts per day]
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Most active forum: Personal Finance
[ 70 Posts / 78.65% of user’s posts ]
Most active topic: Hypothetical - How to Pay No Taxes on $100,000 Income
[ 8 Posts / 8.99% of user’s posts ]



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JMC Posts

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 Forum: Personal Finance   Topic: new 401k with high fees

 Post subject: Re: new 402k with high fees
Posted: Tue Dec 03, 2013 11:16 am 

Replies: 6
Views: 1635

Do you already max out a Roth IRA for yourself and spouse (if married)? Even if your income is too high you can do back-door conversions. Then you could invest in low-cost funds anywhere you wanted.

 Forum: Personal Finance   Topic: Stock Portfolio

 Post subject: Re: Stock Portfolio
Posted: Tue Dec 03, 2013 9:57 am 

Replies: 125
Views: 13839

This is an interesting conversation. I have a few comments as a late-joiner. 1. Value investing does work, but only because the markets are compensating you for holding extra risk. Stocks are priced at a "value" because there is something wrong with their ability to generate free cash flow...

 Forum: Personal Finance   Topic: Advice for a 29 year old?

Posted: Tue Dec 03, 2013 9:33 am 

Replies: 11
Views: 2734

With regard to investments, I would recommend buying a simple low-cost index fund, and only when you intend to leave the money invested for several years (for goals like retirement, or your baby's college education). Vanguard is excellent (and non-profit), but other brokerages can be acceptable. Ind...

 Forum: Personal Development   Topic: Elite MBA Worth the Cost?

Posted: Mon Aug 19, 2013 1:58 pm 

Replies: 26
Views: 24038

Good luck with your goals, Gsingh. I'm currently in a weeklong "crash course" at the start of my MBA, designed to give engineers and poets, etc (non-bankers) a fighting chance in Accounting and Finance courses when the real semester starts. I'm very happy with the decision to come here and...

 Forum: Personal Development   Topic: Planning A Career For Myself; My Situation

Posted: Wed Jul 31, 2013 4:15 am 

Replies: 12
Views: 6034

No senior engineer at my company makes $350k in total compensation, but I'm at a very large company, known for its friendliness to work-life balance and family situations. If you know the industry well, you can probably guess where I work. I'm OK with making a little less in exchange for job securit...

 Forum: Personal Development   Topic: Planning A Career For Myself; My Situation

Posted: Wed Jul 24, 2013 4:19 pm 

Replies: 12
Views: 6034

Geology is about as lucrative as it gets, if you want it to be. The good news is that you don't HAVE to have an internship until you begin your masters, if you are interested in the oil and gas route. I highly recommend moving to Houston or New Orleans for a summer to try it out. A few anecdotal com...

 Forum: Personal Finance   Topic: Personal Cash Flow

 Post subject: Re: Personal Cash Flow
Posted: Wed Jul 24, 2013 3:53 pm 

Replies: 4
Views: 1370

My wife and I each have an equal "allowance" every month. Whenever we buy something that is purely for personal pleasure, we record it in a spreadsheet that we maintain. We usually spend less than our allowance, so at the end of the year we have a discussion about what to do with the extra...

 Forum: Personal Finance   Topic: Trying to plan for my taxes next year

Posted: Sat Apr 27, 2013 6:53 am 

Replies: 82
Views: 6495

Come to think of it, I had lots of friends in high school who had moved to north Dallas from Cali. Their families tended to own the 6,000 sf McMansions. I think when they saw the real estate prices they always thought "Oh my gosh, I can live in a palace that costs less than my modest home in LA...

 Forum: Personal Finance   Topic: Trying to plan for my taxes next year

Posted: Sat Apr 27, 2013 6:50 am 

Replies: 82
Views: 6495

I'm way late to this whole conversation, but it has been fascinating to see varying perspectives on wealth, income, and the definition of "rich". The OP linked to an article that made the argument that a $250k income for a family is not that high, and that it would be tough to make ends me...

 Forum: Personal Finance   Topic: All of my expenses are paid for the next 4 years. What now?

Posted: Sun Apr 21, 2013 12:32 pm 

Replies: 25
Views: 2776

You can actually make a small amount of side money while building your credit. I had no credit cards one year ago, but thanks to some folks on this forum I realized I might need to consider building some credit history. I had to start with a basic card, but now I have a package of rewards cards that...

 Forum: General Discussion   Topic: Quantifying Physical Fitness

Posted: Sun Oct 07, 2012 5:59 pm 

Replies: 8
Views: 2792

I love the deadlift + 1 mile run idea... that is an elegant balance of strength and speed. There are lots of guys who can run a 5 minute mile, and lots of guys who can pull 400 lbs (I once did 390!), but I'd imagine very few can do both. The only problem is the intense nature of a max deadlift attem...

 Forum: General Discussion   Topic: Help Me Guys!!

 Post subject: Re: Help Me Guys!!
Posted: Sat Oct 06, 2012 7:25 pm 

Replies: 4
Views: 2077

I echo the recommendation to try it before committing. I am an excellent student in the traditional classroom, but a terrible student in a distance learning environment. It's very different from what you might be used to from high school or college.

Good luck!

 Forum: General Discussion   Topic: Quantifying Physical Fitness

Posted: Sat Oct 06, 2012 7:18 pm 

Replies: 8
Views: 2792

I recently got back on the wagon of physical fitness, and this time I wanted to quantify my progress in a neat, easily measurable way to help with motivation. I started Googling and ended up looking at the Army Physical Fitness Test as a way to crudely measure physical fitness with one neat, easy-to...

 Forum: Personal Finance   Topic: Question on credit card limits

Posted: Sat Oct 06, 2012 6:44 pm 

Replies: 2
Views: 1067

Also, if you remove your parents from the card they will likely drop the credit limit.
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