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I'm in my early thirties and have 2 young kids. Similar to other posters mentioned, max out your retirement savings and then put some money towards kids education. I do have some extra cash in my taxable acct and my goal was to put away 100k each (present value) for a full ride but, now, I'm...

Chase slate card offers 0% for 15 months and $0 balance transfer fee.

I think money gives you options, which gives you comfort/less stress but not happiness. For example, my wife can stay home with kids on my salary alone and not juggle between career/kids. I don't have to take that next job with high stress to afford our lifestyle. Happiness is when my kids...

DR says you can earn 14% easily by looking at Morningstar and searching for funds that generated at least that much return over 15+ yrs. He really believes this. He says market return has been 11% so it's ok to use SWR of 8%. Obviously, I wouldn't listen to his investment advice. However, I...

I'm pretty bummed. Even though I'm 90% equity/10% bond allocation on most of my portfolio, I was hoping for low return or even double dip. Another reason is because traffic's been lighter. If the economy gets back to 4% unemployment, traffic's really going to suck again. I was thinking...

Same experience as FIREd. A friend asked where to invest his money and gave him general diversified funds advice. He followed it but, when the market tanked, he blamed me. Since then, I'm much more careful with giving advice. I still do but mainly in LBYM talk.

Agree with Hamlet but this is a good opportunity to decrease that fixed monthly expenses. Yes, it's tough, very tough for most people but, if one can raise monthly living expenses due to rise in income, decrease is possible due to decrease in income. Hopefully they learn their lesson and can...

Didn't read all the comments on here but just chiming in b/c we're in similar life situation (1 and 2 yr olds). 1. I often think about quitting and staying home with the kids but they're off at preschool and they enjoy it so don't want to pull them out. It's not really a full retirement b/c I...

Just goes to tell you that amount of money is not the issue here. One can have millions but, if can't LBYM, you're screwed. It's the life style that's more important than money.

Seems it's unanimous I should go. I think I already knew it but have a hard time letting go of my current gig. I know about the new job boss/co-workers only through the interview. Of course, nothing's certain but I have a pretty good feel from multiple interviews and the fact that their...

Current job: No stress, pays enough money, stable, good hours, good co-workers/boss, acceptable commute. Negatives are no growth and no learning. My boss personally told me I won't go anywhere unless he leaves. Other Opprotunity: Little stress, 20% more money, stable, good hours, good...

We live in an urban area that's walking distance to most of our needs. Good commute for LA standard as well. We love this area. However, we do have 2 small kids and would likely move to the suburbs when they're school age. That's pretty much the only reason. If they had good schools here...

Went to Wal Mart at 10:30pm (opened at 10pm) and parking lot was PACKED!! Some people parked elsewhere and walked over. Took awhile to get my fake christmas tree b/c of all the people blocking the aisle with their shopping carts and those people couldn't move b/c they were blocked by other...

It always amazes me the kinds of justification people come up with to feel like a victim. Like your dad and stepmom's embarrassment from the community, I'm sure they truly feel that they're the victim. It's really amazing and sad.

If it's difference of 5 yrs, I would go with less stress and hours. You have 10 more yrs to go at your current job... think about it, that's a long time to be miserable/stressed out/long hours.

Welcome aoneone81. I'm korean as well and in my low 30s. I think you're the only korean I know who retired early and LBYM. What's wrong with you!!! Get back to work!!! jk I know what you mean by koreans being shallow but I'm sure you can say that about any other culture. I think people...

When you have someone else take care of your child, there will be difference in the way they do things but they're usually small stuff like you said. It comes with the territory and you either have to accept it or find someone else who fits your style. It's hard to gently push them to do...

We cut our cable about 5 yrs ago and it's been great. Money saving is good but I'm more happy with not sitting on couch hours watching useless stuff. Another good thing was changing my cell service to prepaid plan. I really really hated the fact that my cell bill go up slightly due to taxes...

Congrats!! I remember you were swaying me away from SoCal RE but must be a good buy if you're buying in Seattle area.

Welcome to reality!! I heard about it but never accepted it or went with a low number... I was in denial. It was a big surprise for sure. I always tell myself it's only temporary.

My parents tried to refi but, since they're underwater, couldn't do it unless they came with cash. However, not worth it to throw cash on real estate "asset". I bought a house with 5% down while back but had to short sale it due to job loss. My co-worker bought a house with 20% down but can't...

All the way through my 20s, I wasn't tied down either. My wife and I just saved money and progressed in our career. Didn't really think about anything philosophical outside of that. We're in our early 30s and still not tied down except we have 2 kids. However, my wife can stay home with a...

Nope. Pg 5 under Amount of Gain or Loss. http://www.irs.gov/pub/irs-pdf/p523.pdf Stupid b/c you have to include the gain but can't take the loss.

Don't think anything wrong with high speed trading. In fact, I support it. Company's fundamental hasn't changed but market's perception of that company wildy fluctuates up and down b/c of high speed trading. As a value investor, I love that b/c I'll buy when the market has negative perception...

Yesterday, I setup contributions for my kids' 529 plans. The thing is, it takes 2 days for the money to transfer and purchases on the day's close. So, I'll buy into today's NAV. Figured today will be slight up or down day. It was up earlier (darn), then down (yippee!!), then sideways, then...