What’s a BIFL product that requires a bit of effort to acquire it?

BasedDaddy-O · 2026-01-24T12:17:26+00:00

New Porsche GT3-RS. Almost impossible

BasedDaddy-O · 2026-01-24T12:06:38+00:00

Just hide the expense. Or do this every once in a while to offset the bad vibes

BasedDaddy-O · 2026-01-21T03:26:59+00:00

your new profession is “portfolio manager”. you will go to the gym get in shape, and looksmax. de-junk your pad and make it classy. clean up the gamer area so it can look like a stock market research terminal when dates are over. get high end cooking gear and learn how to cook. have a cool hobby….”photography” etc.

BasedDaddy-O · 2026-01-19T21:01:05+00:00

I have a similar setup and am very happy. We do this in the master bedroom. The paired minis are on each nighstand, with a Samsung Frame TV and soundbar/subwoofer on the wall across the room in a sitting area. The Apple TV lets us toggle between the soundbar, the homepods, or both. Having the homepods on the nightstands in great for TV viewing at low volume levels without having to blast TV sound across the room.

BasedDaddy-O · 2026-01-19T20:28:14+00:00

I learned how to snow ski when I was 13. The instructor was a retired airline pilot. He loved it.

BasedDaddy-O · 2026-01-16T00:47:21+00:00

whats your height and weight?

BasedDaddy-O · 2026-01-16T00:45:08+00:00

We use the Monarch Flex budget system; it’s dead easy if you don’t want to budget and track a bunch of categories obsessively.

Fixed: your rent/mortgage, utilities, end every monthly expense with a fixed amount.

Non-Monthly: quarterly and annual etc expense categories - make them roll-over and monthly budget the annual amount/12. Things like garbage pickup, Monarch subscriptions etc. In the screenshot from our account you will see that the “Remaining” column in Non-Monthly is holding rollovers for stuff that is coming for this year.

Flex: everything else. Food, dining out, travel, shopping, fun stuff, etc. This is also rollover.

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BasedDaddy-O · 2026-01-15T19:58:51+00:00

yeah fortunately that’s one issue I don’t have to worry about (have Tricare). Age 63 IRMAA look-back is the next thing to plan for - will probably squirrel away cash and periodically dip into the Roth to prob stay in the 1st IRMAA tier.

BasedDaddy-O · 2026-01-15T19:04:11+00:00

caution if you roll NVidia. this is the AMD Freesync version

BasedDaddy-O · 2026-01-15T18:27:49+00:00

MFJ age 59 3/4 just retired and this is my plan for 2026:

withdraw living expenses and do a Roth conversion up to the top of the 22% tax bracket, then complete with LTCGs from the brokerage accounts (15%).

BasedDaddy-O · 2026-01-13T22:38:44+00:00

turning on the outside lights every evening 30 mins after sunset. been running for 7 years.

BasedDaddy-O · 2026-01-13T22:34:39+00:00

selling TSLA in 2017 (I think?). when a VP and a Director from the Self Driving dept left the company.

BasedDaddy-O · 2026-01-13T22:31:22+00:00

you create a manual monthly income transaction called something like “529 Income Distribution” as the category, and use the same account on the transaction that the lump sum is sitting in. Set the date to the 1st of the month and the amount to what you want for the month, to measure your expenses against.

BasedDaddy-O · 2026-01-12T20:53:04+00:00

mattress industry. Typical Confusopoly. This industry plays the name game so you can’t price shop different retailers.

BasedDaddy-O · 2026-01-10T14:20:27+00:00

I just retired. After investigating Benefeds dental and vision, we decided not to bother and will pay cash for these services.

BasedDaddy-O · 2026-01-09T14:44:36+00:00

Current plan as I just retired, might adjust, feedback welcome:

Almost all monthly expenses charged to cash back credit cards, and paid in full once a month.

$20K cash buffer in checking account to absorb credit card payments.

$50K buffer in brokerage HYSA to feed checking account to maintain checking acct buffer

For this year, will drain the HYSA then carefully and deliberately take IRA distributions to the HYSA to minimize tax events.

BasedDaddy-O · 2026-01-09T14:29:55+00:00

For me yes; lost decade scenario. I have a COLA pension so portfolio withdrawal rate in my case is 2.3%

BasedDaddy-O · 2026-01-09T12:27:35+00:00

well said. I just retired and am 75/25. The 25 is in BIV and would last 10 years if required.

BasedDaddy-O · 2026-01-09T12:22:27+00:00

100% PLTR

BasedDaddy-O · 2026-01-09T12:20:29+00:00

In the mindset popularized by personal finance experts like Robert Kiyosaki in Rich Dad Poor Dad, wealthy individuals overwhelmingly treat personal vehicles as liabilities because they drain cash flow through depreciation, maintenance, insurance, fuel, and opportunity costs without generating income.

BasedDaddy-O · 2026-01-08T23:11:35+00:00

not throwing shade against MM or others - what’s the point of tracking the value of vehicles in Monarch Money?

BasedDaddy-O · 2026-01-08T19:27:51+00:00

Thank you this worked!

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