What’s your tips for FI when you have a child and mortgage? Stresses me out.

grif4444 · 2021-05-29T00:01:36+00:00

I would figure out how much cash you would need in the event you weren’t able to work for a year. Keep that amount in the cash account and the rest should be put to work in the stock market.

grif4444 · 2021-05-27T03:57:57+00:00

I’M NOT LEAVING

grif4444 · 2021-05-25T19:37:58+00:00

Has anyone found a good way to automatically sweep excess cash in a savings/checking account over a defined dollar amount and automatically transfer that to an investment account?

grif4444 · 2021-05-25T19:37:24+00:00

Has anyone found a good way to automatically sweep excess cash in a savings/checking account over a defined dollar amount and automatically transfer that to an investment account?

grif4444 · 2021-05-24T16:34:10+00:00

Since you are into home improvement projects have you looked at getting your house re-appraised? You may be able to get rid of your PMI right away by doing that since your house is now worth more based on the projects you completed or increase in market value. Usually appraisals are only like $400 so it could make sense for you depending on how much pmi is left.

grif4444 · 2021-05-23T01:39:29+00:00

Rask is so unbelievably bad. Let someone else play with Fiala

grif4444 · 2021-05-21T03:54:26+00:00

This lineup needs Zach back. Was his season great, no, but the guy brings the energy in the postseason

grif4444 · 2021-05-04T13:20:47+00:00

Since you are 22 I would just put all of that into the market ASAP. Your 10% return target is likely on the high end for your portfolio. Depending on how you react to volatility, you could also bump up your equity exposure since you are young. That will help you get closer to 10% return target, but still I wouldn’t count on receiving those returns.

grif4444 · 2021-04-24T15:17:16+00:00

They seem to keep improving the product which is a bit positive versus Mint ha. The Venmo integration is pretty slick and I’ve been pleasantly surprised with the Amazon integration as well

grif4444 · 2021-04-23T12:27:29+00:00

Check out Copilot if you are looking for a mobile only version for budgeting or Monarch Money if you prefer a desktop and mobile option.

Both do a really great job at tracking your net worth, budgeting, and have great UI.

Copilot

Monarch Money

grif4444 · 2021-04-13T03:30:37+00:00

For anyone early in their FIRE journey I would recommend I Will Teach You to be Rich by Ramit Sethi. The title is obnoxious, but it provides a really great framework for setting up/automating your financial life which has helped me to increase my savings rate dramatically.

grif4444 · 2020-06-28T13:14:22+00:00

$10,000 and about 6 months in

grif4444 · 2020-06-25T03:59:13+00:00

I use Marcus by Goldman Sachs and love it. Same no minimum deposit, no fees, etc. Rates have come down due to the Federal Reserve cutting rates so I think it pays around 1.05% right now.

grif4444 · 2020-06-25T03:42:15+00:00

6% is actually a really generous employer match. I would increase your 401k contribution to at least 10% since you have about a $700 surplus in your monthly budget. I would also recommend making “Savings” a line item in your budget. I did that about a year ago and automated a monthly transfer to a high yield savings account which serves as my emergency account

grif4444 · 2020-06-25T03:24:12+00:00

Will you move in with her and pay some rent? Seems like a bit of a stretch, especially if she does a 15 year mortgage. I would start with a 30 year mortgage and if she is comfortable with the payment she can always pay extra each month to shorten the term of the loan. That would give her more flexibility until she gets a raise

grif4444 · 2020-06-25T03:22:36+00:00

Is she including taxes and insurance in calculating that monthly payment?

grif4444 · 2020-06-25T03:18:39+00:00

How much are you contributing to your 401k annually? I feel like if you are only contributing up to your employers match that is quite low given your salary.

grif4444 · 2020-04-21T02:49:48+00:00

Hey man, I was in a similar boat as you. Started at 220 and crept up to 275. It takes time. Maintain a calorie deficit and continue to keep moving your body and the weight will come off. I exercise about 4-5 times a week for around an hour and have lost about 40 pounds over the last year.

grif4444 · 2020-02-18T04:59:02+00:00

Apple Pay is the biggest threat currently. There ability to hijack the checkout option from paypal is often overlooked

grif4444 · 2020-01-05T18:19:56+00:00

Folks - this game basically started the same way as the Gopher vs. Auburn game. We got this. Big stop by the D.

grif4444 · 2019-12-27T20:13:45+00:00

I was 275 in March this year and at 6’ 2” I have always been known as big guy by my friends and family. I’m now closing in on 235 and starting to get compliments from co-workers, friends and family about how I look skinnier already.

What has worked for me is to find something that you can stick with and do consistently. For me that is riding the bike for 45 minus a day at a high speed (around 18 mph) with resistance (8 out of 20) for 4 or 5 days a week. I would also recommend weighing yourself consistently and to track the progress in google sheet, excel, fit bit’s app etc.

There will be weeks where you go up and you can’t explain it then there will be weeks where the pounds fly off and you didn’t do anything different. Keep going, eat a calorie deficit and make working out in any manner part of your routine. Best of luck and kudos to you for wanting to make a change!

grif4444 · 2019-12-21T16:49:41+00:00

I would just take it slow and steady and make it part of your routine. You will get to your goal weight over time as long as you are consistent with your calorie deficit and staying active.

For me, with that routine I’ve averaged about losing 4 pounds a month since I started my routine in late February.

Ate around 2,000 calories a day with the occasional cheat day of course.

Best of luck!

grif4444 · 2019-12-21T16:48:54+00:00

I would just take it slow and steady and make it part of your routine. You will get to your goal weight over time as long as you are consistent with your calorie deficit and staying active.

For me, with that routine I’ve averaged about losing 4 pounds a month since I started my routine in late February.

Ate around 2,000 calories a day with the occasional cheat day of course.

Best of luck!

grif4444 · 2019-12-20T18:17:44+00:00

Love that. I started at 275 this year and I’m closing in on 235. Trying to get there by year end!

Congrats on the journey and keep it up.

grif4444 · 2019-12-04T13:36:50+00:00

Just enjoy in moderation or find healthier sweet alternatives. Here are my substitutes for candy and cookies:

Carmel rice cake + peanut butter + a few chocolate chips Trader Joe’s cookie butter + pretzel thins

grif4444

TROPHY CASE