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My partner and I are early 40's with a net worth of around 6MM including my business. Closer to 3.25MM liquid with a paid off primary residence. It has taken us 20 years of regular investing to get to this point. She's an executive at her company, which just sold. She got a fairly sizeable...

Hi All, It has been a while since I’ve posted here. I joined way back in 2007 which seems like a lifetime ago. I just spent some time reading some of my old comments and that was a trip! I joined as a married 28 year old with no kids and I’m now a 42 year old with 2 kids including toddler...

I don't get it.. Friends of mine and DW just bought a perfectly nice house about a year ago in an upscale suburb of Chicago. It's plenty big for their family of 4. However, they've recently told us that they sold their house and just bought a 4000 square foot house in the same suburb. We looked...

I'm trying to decide between a SEP IRA and a Solo 401k. From what I understand, contribution limits for the SEP is either 25% of compensation or $51k, whichever is less. As far as the Solo 401k goes, I know I can contribute up to $17,500 as an employee and $17,500 as an employer. Also, both are...

My wife is accepting a new position at a small company which doesn't offer a 401(k) plan to its employees. Aside from maxing out her traditional IRA, is there any way to make up for the current tax advantages of a 401(k)? She's contributing 15k/yr into her current plan and adding that amount...

With the addition of recent funds into my traditional IRA, I now have over 100k in that account. :dance: We've had well over 100k in investable assets for some time now but it's been spread out between various IRA's, both roth and traditional, taxable accounts and 401k's. So seeing 100k in 1...

So...I ran across this article this morning and I noticed a few ways missing. Being frugal, saving and investing wisely seem not to have made the list. Maybe beliefs like this are the reason most can't/don't retire early. Five Ways to Retire a Multi-Millionaire

I've had tenants in a townhouse I own since August of '09. We resigned a 12 month lease this past August. On Monday I got a phone call from one of my tenants saying she lost her job and thet would be moving out in 30 days. I told her that she's still liable for the rent for the remainder of the...

I joined back in August of 2007 and in my very first post I asked about the benefits/pitfalls of owning rental property. Nearly 2 years later, my wife and I have just bought our first single family home and have decided to put our townhome up for sale and rent at the same time. If we rent our...

My brothers and I inherited a house from our father a few years back. We decided to put in on the market a few months ago and we recently received an offer on the home but it's structured in a wierd way. We have the house listed for 224k. The offer from the buyers was 230k with us giving them...

I bought Your Money & Your Brain a few days ago, with a gift certificate from Christmas of course. I've only read a chapter or two so far but it seems really interesting. It examines the relationship between how our brains function and the investment decisions we make. Just wondering who...

What do you all think of UIT's. Are they just a way for a broker to guarantee a trade for himself every 12-15 months? Do they add any value to a portfolio?

What the hell............. Felony: 10-year-old used knife in school lunchroom - On Deadline - USATODAY.com

A good friend of mine recently inherited a good chunk of money from a grandmother who passed recently. He was the only grandchild and is obviously the only child to his parents who are also well off financially so he'll eventually inherit their money as well. I find myself being a bit...

Young, rich and possibly available and looking. Too bad there's no picture to go with the article. ;D Forbes: 26-year-old woman is China's richest person - USATODAY.com

Millionaires in the Making Justin and Emily Bergman « For the life of me, I can't figure out why these people were profiled as "millionaires in the making". Sure, they've got some savings and investments but they inherited 50k and took 25k profit from the sale of a home and list just under...

Hanging With The Money Crowd I just read this article and immediately thought that this has to be the reason many of us joined here. While it seems to be common sense, I found it interesting. Hanging with the money crowd - Oct. 2, 2007

I've become quite an addict over the past month or so. I log on probably 6 or 7 times on any given day, maybe more. I'm just wondering how much time everyone spends here daily.

I need a new pair of jeans. And I mean NEED not want. So I went looking for jeans over the weekend and found a decent pair at Nordstrom Rack......for $59!!! I picked them up, carried them around the store once or twice, went to stand in the checkout line and then returned them to the rack and...

Hip-hoppers rap on investing - Sep. 10, 2007 It seems the the fine people in the Hip Hop world have realized they have some influence over today's young people. I like the part of the article where it says: "Their overall advice: Work hard, dont abuse credit and balance the bling against...

As a professional coffee drinker, I happily gulp down 3-4 cups in the morning and another 1 or 2 during the day. Recently I've read some conflicting articles on the effects of coffee. I'm interested to know how much coffee is too much and how many cups per day do you drink.

I caught part of what I think is a new show on CNBC called The Millionaire Inside. Has anyone watched this program? If so, do you think it's a good show offering solid advice or do the panelists just spout off the same old cliche's?

I'm 27 and have 18 years before I RE at 45. I know I'll have enough money to generate the kind of income I'll require in retirement. What I don't know is how much I'll have to pay in taxes. Do you think it'll be a Carter era 70% in the highest bracket or will tax rates stay roughly the same...

How many people use a financial advisor or planner? Do you think there's any benefit to hiring professional help or should I continue to manage my investments myself? Also, how do I make sure the person I hire is qualified and will have my best interest in mind when making a recommendation?

My first post! Hooray for me. Anyways, I've built what I consider a strong investment portfolio and would like to venture out into real estate by buying a rental property and try my hand at being a landlord. I'm a little nervous because I've heard horror stories about terrible tenants and I...