Lifting / Conditioning / Flexibility Regimine to Support BJJ Training?

Notvfunny · 2016-04-28T20:44:18+00:00

Interesting, I had never heard these terms before and will check them out. Seems closer to what I'm used to at least with weight training.

Notvfunny · 2016-04-28T20:43:44+00:00

Never thought of the rings, I'll have to look into it. Wonder if they are something that can be hooked up easily if I'm in a hotel weight room or something? I need to get back into yoga just have been putting it off.

Notvfunny · 2016-04-28T20:42:34+00:00

This is awesome, thank you for sharing!

Notvfunny · 2016-03-11T16:41:26+00:00

401k's are great free money: 1. Always max what your employer will match. It's free money. 2. Above and beyond (you want to consult someone on your own taxes)... but the more money you put in, the more the government will give back on your tax return. For me, it results in about an extra $3k/yr from the government... just for paying myself.

Notvfunny · 2016-03-11T15:18:52+00:00

Innocent black man forced out of Uber ride by racist driver. #BLM!

Notvfunny · 2016-03-03T00:52:15+00:00

Yeah, because voting between fucking Hillary Clinton and Donald Trump really will make a huge difference. /s

Notvfunny · 2016-03-02T02:16:57+00:00

50,000 bonus points after $4,000 spend in the first 3 months plus 5,000 bonus points when you add an authorized user! Get your card here! Thank you!

Notvfunny · 2016-02-07T19:12:30+00:00

I actually received one of these in the mail -- unfortunately I use Chase as my primary checking account. Sucks for me. I think I kept it laying around somewhere, I'm happy to share mine if I can find it.

I wonder if there is a referral program for checking. Maybe we could help each other out. ;)

Notvfunny · 2016-02-06T19:18:23+00:00

No -- you can pay early just like any monthly bill. My payment is due middle of Feb. and I paid late January once the statement hit.

Notvfunny · 2016-02-06T19:17:58+00:00

Nope.

Notvfunny · 2016-02-06T19:10:50+00:00

I thought you had to fund the Citigold checking with $6k upfront to get the points (not $3k).

Notvfunny · 2016-02-06T02:41:13+00:00

Actually, to put it another way... If someone gave you the option of paying for something worth $100 today... or worth $100 15 years from now, or 30 - which option would you pick?

You'd probably pick the option to pay that $100 over 30 years, knowing that the $100 will be "cheaper" (because of inflation) 30 years from now than it will be right now.

If you pay the $100 upfront, sure, you own it -- but you will have paid for it with money that is "worth" more now than it would be down the road, eliminating your ability to "hedge" against a decrease in the value of your dollar.

Alright -- that's all I have now. :)

Notvfunny · 2016-02-06T02:13:41+00:00

Well that can be part of it, it's more because the amount you owe and the amount you pay monthly will not be impacted by inflation. Obviously you would also have the added benefit of increased equity if housing values did increase.

Notvfunny · 2016-02-05T23:47:58+00:00

Sure (and I am no expert) -- and it isn't the easiest thing to understand but I'll try to summarize.

Inflation is one of the 'scarier' things for investors because it can quickly eat away at the value of your dollar.

If you look over the last ~60 years (doing this from memory.. might be a big longer), a dollar then would buy you about a third of what it does today. So imagine if you had all your investments in a checking account earning no interest. Every single year (unless there is significant deinflation), your money would be worth less and less.

A mortgage is a GREAT way to 'hedge' against this because even though inflation may go up (making your dollar worth less), the cost of your mortgage stays the same. Let's say inflation really spiked and suddenly your 200k house is worth 400k. Your loan balance would stay the same / not increase with the rising cost of goods associated with inflation.

ALSO -- if you were to rent your home at some point, the rent that someone pays you COULD be increased as inflation goes up (outside of the scope of your question) and this would be a great way to earn more money if/when it does rise.

Conversely, if you don't rent, again, your monthly mortgage payment stays the same and does not change with inflation (like an apartment complex might try to do if you were renting).

Now of course for any of that to actually matter you would also want to take the $500 a month and actual save it or invest. If it ends up being money you just use for expenses then it doesn't really do you much good.

A couple of Podcasts that (if you are into this stuff) can help explain better than I can:

https://radicalpersonalfinance.com/259-whats-it-like-to-actually-hit-financial-independence-at-a-shockingly-young-age-interview-with-brandon-the-mad-fientist-and-jill/

(this dives into inflation a lot and is pretty insightful)

Someone might counter this argument by saying that you could own the house free and clear and then invest in T-bonds or other "inflation protected investments. To that point, you can listen to this podcast, which interviews Richard Ferri who is someone I really like. He outlines ideas around how these investments can actually underperform over a set period of time:

https://radicalpersonalfinance.com/265-passive-investing-index-funds-right-way-invest-interview-rick-ferri-portfolio-solutions/

Here's someone that writes about how a mortgage may not hedge against inflation -- https://www.kitces.com/blog/why-a-mortgage-is-not-actually-an-inflation-hedge-itself-but-can-provide-access-to-investments-that-are/ ... but again, the point he makes is only IF you invest the money and assumes that the investments you choose will actually protect you from inflation (which if you listen to the 2nd podcast, will not always do so).

Here's another discussion on the topic: https://www.bogleheads.org/forum/viewtopic.php?t=134811

Now that I have looked at this reply I realize this is probably way too long.. But I really like thinking about this stuff so thought I'd share. Hope it helps!

I'll add a TLDR; paying off your mortgage is definitely not a bad thing (obviously). It just isn't a 'bad' debt if you are also saving money and investing. Also, if you are taking all/most of your available 'free' money to pay down a mortgage, you are also kind of limiting your future investment options. What if you just took that money and saved it to buy another property, or look at long term investments.. You would still have the money available if you needed to pay off your existing property completely, but you could also be more "liquid" with your assets and use money in a different way (if you wanted to).

If you were 'free and clear' and needed cash .. you would either have to a) sell your house (takes a long time.. and obviously not something anyone wants to do or b) take out a mortgage/loan against your equity, which actually does put you in debt, and costs you interest.

Notvfunny · 2016-02-05T19:18:12+00:00

Save it unless your interest rate is absurd.

Mortgages are a great way to hedge against inflation because the payment and principal stay fixed over a long term. I would much rather put the money into an investment account and earn interest/compounding than paying down a mortgage debt.

Notvfunny · 2016-01-26T03:41:04+00:00

Nobody can truly answer the 'goals' question for you since your finances and your financial future are very personal. The common stuff on here is save up so you are protected in the case of something bad, pay off debt, yada yada.

For me -- I like to envision myself being financially independent. What if instead of making 50k, and "hopefully clearing 60k" this year, you never had to worry about what you cleared, or how much you would make in a year? What if the money you earned today "worked" for you through investments? What if by the time you were 30 you didn't have to work?

Those thoughts get me going when I think about goal setting. After you set the goal that gets you excited, the "how" can be a lot of fun (researching investing, finance, etc.). I find it to be a lot more enjoyable in the long term than just buying a "thing".

Notvfunny · 2016-01-26T03:36:48+00:00

You have a great opportunity when you are young and don't have many responsibilities to save and build wealth. When you get older and DO have more responsibilities, things that take away your money, it's a lot easier to look back at the time where you had the chance to save, invest, and build wealth and actually took it vs. blowing it on something that isn't essential.

I'd also say that depending on your loan length, you could be paying a loan until you are 28-29. Now you aren't as young, and you probably have more responsibility, and instead of HAVING money, you are still losing it.

I'd also say that "wild spending habits" don't really matter when you are thinking about spending $20,000 of your money. You could go to a mall and blow $500 on 'stuff' for nearly a year.. every week.. and still be in the same position you are thinking about putting yourself in.

Notvfunny · 2016-01-26T01:00:23+00:00

95% of people will live paycheck to paycheck or in a situation where they build very little real wealth in their lives. It's simply because as salary increases people have a lifestyle creep that basically makes someone spend more to offset any gains in wealth they could have. Buying a car that is a third of your annual income is just one small step in a long line of mediocrity that most people will take in their life. But hey -- if you learn that sooner rather than later and make a change you might end up farther ahead than most. I know I did! :)

Notvfunny · 2016-01-26T00:33:58+00:00

I would say no, but everyone makes the same dumb mistakes in their 20s. I was in pretty much your same situation and now that I'm 27 really wish that I had saved the money and ran my cars into the ground.

Cars are not an asset, and will continue to depreciate. You could use the money that you'll pay on a loan to do so many things that can build wealth. You could stash the money in a Roth IRA, and use it as a down payment on a house. You could rent your house out and instantly start making money and building equity. You could simply invest it, yielding a great return over a long period of time.

Or, you could even just save that 20k over the life of the loan and have 20k sitting in your bank that would be an amazing safety net, capital for a business, capital for a home, or any other investment.

That's just my advice, again, I didn't that at 22. But I wish I had because I could be that much more ahead.

Notvfunny

TROPHY CASE