Recent Posts

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Mustachian Marketplace / Re: Looking for old Nintendo (NES) games
« Last post by GuitarStv on Today at 08:57:48 AM »
+1 on emulators and not using the old controllers.  Those rectangular monstrosities nearly crippled me.
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Mustachian Marketplace / Re: Looking for old Nintendo (NES) games
« Last post by YttriumNitrate on Today at 08:55:54 AM »
Unless you are going for the nostalgic effect of having to wiggle / blow into a cartridge to get the game to work (and have your saved game disappear after you get 20 hours into a game), I'd suggest just running an emulator. Add a USB controller (like this one) and it's just like the mid-80s. Although, I still remember getting blisters from those damn old controllers, so do yourself a favor and use at least an SNES controller (or better yet a playstation type one).
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Ask a Mustachian / Re: Biking to Work and other biking questions
« Last post by GuitarStv on Today at 08:55:39 AM »
I ride 11 miles each way to work, about half through relatively quiet suburbs and half through very busy city streets.  It takes about 40 - 45 minutes each way.  I personally would not bike to work if there weren't showers, as (especially during the summer) I sweat puddles on the ride.

Before you cycle in traffic make sure that you're comfortable starting/stopping/turning on your bike.  There is a bit of a learning curve to riding traffic, but after a couple months you'll get the hang of it.  Learn when to take the lane, look well ahead for obstacles so that you're never swerving out in front of cars at the last moment, signal your turns by pointing in the direction you're going (most drivers don't know the proper bike hand signals).

I've used a hybrid and a road bike for the commute.  A road bike makes the commute faster and easier.  A hybrid puts you in a more upright position and tends to have wide handlebars, so it's easier to learn on.

Fenders are nice to have when it's raining, and when the road is wet after a rain.  They're must haves for the winter.

Use safety equipment.  Always wear a helmet.  Run a light on the front and rear of your bike any time it gets close to dusk/dawn or is overcast.  When in doubt, turn them on.  Wear fluorescent clothing in low light conditions.  Wear reflective stuff.  Make sure your brakes are in working condition.

Carry the minimum you can get away with.  Keep your heavy U-Lock and cable locked at your office bike rack.  If you can, bring your spare changes of clothing in to work on Monday, and pick it up on Friday.  Keep a pair of shoes at your desk.  What you do need to carry:  A mini pump, a multi-tool, a spare tube, tire levers (depends on your rim - often you can get away without them, but better safe than sorry), your lunch.  That's pretty much it.
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I've probably got ten more years in the rat race, but I'll still be done in my early 40s.  I might be able to get there a few months faster by counting the pennies, but it wouldn't be worth it.

We have noticed this same effect when discussing promotions at work.  When you're within about two years of your retirement date, promotions become less and less meaningful.  Why would I work my ass off for a 2% pay raise for the next two years, when I can make just as much money by retiring 12 days later at my current pay rate?

Amen! A few years back when I was topped out at my pay grade, I had the option of a $1500 cash award (before taxes) or a 40-hour time off award, i.e., a free week of vacation! Man, that's a no-brainer -- give me the vacation!
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Ask a Mustachian / Re: how to go grey gracefully
« Last post by bluebelle on Today at 08:54:29 AM »
yes, it can be odd, the reactions you get from people....when I first put the highlights in, I got positive reactions, since it basically lightened my hair colour from auburn to 'something'....people liked the lighter colour....but if I explained I was embracing my natural grey/white, most folks don't get it.  They can not understand why I wouldn't keep colouring my hair, "just get it done every month"....or "can't you just colour it all grey".....now I'm just digging in my heels and folks can suck it if they don't like it.   Hubby's only concern is how damaged my hair looked after the major bleaching 6 weeks ago, but my hair has somewhat recovered, although my bangs are more straight than curly now, but they'll grow out.....Even though the bleaching was very damaging to my hair, I find that the streaks really to soften the 'skunk' line.

I've been using Joico's purple shampoo and violet conditioner every other wash, it does change the colour a little, makes the white seem brighter, although I'm not seeing a great improvement in the brassy tones.....it must deposit a little colour, because next time I shampoo, the suds look a little grey/mauve to me.

The other thing I find funny, the 1/4 to 1/2" of white skunk line always seemed to appear so quickly, but now that I'm at 13+ weeks of root grow out, it doesn't seem to be growing out as fast......
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Throw Down the Gauntlet / Re: 2018 Financial Goals
« Last post by Rosy on Today at 08:50:14 AM »

My 2018 Financial Goals

1. Save every penny of my SS every month - to reach my goal of $50K by Dec 2019.
2. Save $200 from Jan to July to boost my travel fund  - for a combination bucket list trip to Europe and seeing my Mom on her 90th birthday.

I must become a badass MMMer for at least the next seven months to meet all my goals. May start a new journal to help me stay on track.

3. Find a way to bring in at least an extra $300 a month for nine months, Jan-July and Sep to Oct 2018.
4. Keep paying off the credit cards each month - no credit card debt allowed.

5. Challenge - full throttle STOP buying jewelry. Period! - I cannot afford to buy a thing all year unless it is on the approved budget list or a planned expense!

PROGRESS REPORT:
Goal #1 - yes - I am saving every penny of my SS. ON TRACK!
Goal #2 - travel fund - bucket list trip - funding almost complete - leaving late July:) YAY!

3. $300 avg extra income a month: Yes, but funded differently, $300 bank bonus, $246 tax return, $597 tax return - pending,
   $1200 payback received on a loan.
4. YES - credit cards are paid off in full each month.

5. Challenge - no jewelry buying: Caved once in April - hoping to make it through the rest of May, June and July.
After that, I may set new/different criteria.

Wow, I surprised myself to see that I'm really sticking to my goals, but with a lot more whining and heavy sighing than I've ever done before, which is not good. These are all rather ambitious goals to embark on all at the same time.
When I return from my trip at the end of Sep - I'll re-evaluate, but for now, I simply must stick to the plan.

I already know that next year I will take on only one goal - which hopefully will go a long way toward avoiding the level of financial anxiety that I am putting myself through at the moment - I can't see the trees for the forest.
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Read the stoics, or alternatively read some modern, secular Buddhism.  You can live a good life right here in the present moment.   
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Once again I have made another move in terms of work transportation. The old Honda was great, but it required too much attention ($) to keep running well.

SO, I have now sold it and replaced it with a motorcycle. So far so good! 60 mpg's isn't too bad to and from work.

My update:
Sold expensive truck: $28k
Bought Honda (and put money into it running) $4500
Purchased older Truck: $10k
Sold Honda: $3600
Purchased Motorcycle: $4500

$12,600 back into savings.

I realize it hasn't been a lottery winning adventure, but I was still able to put cash into savings for future house renovations, rather than a fancy pickup.

Overall, I am happy with my initial decision to sell the expensive truck. Since the beginning of this thread (about a year), its been a pretty obvious realization that my new-truck-purchase was unnecessary and that reliable, fuel efficient transportation can be had at a much lower cost.

Hope this helps someone else in a similar situation.
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Ask a Mustachian / Re: The windfall of all windfalls
« Last post by RichMoose on Today at 08:48:19 AM »
Update:

We spoke as a family last week and the inheritance should shake out next June and the sum should be around $200,000 after taxes. My thoughts as of now are to do the following:

1. Max out TFSA approx 30k left in room
2. Open general taxable account and put the remainder into Wealthsimple. My current RRSP and TFSA are with them. I'm very content there and happy with the Roboadvisor fee of 0.4%. would be open to other reccomend though?
3. Take a small vacation (Under $5,000k) after my wedding.

My question is around my current savings rate (approx 40%). I won't be paying off my fiance's debt as she is taking steps to have it paid off by the wedding. Do I continue saving in a taxable account at my current rate of 40%? Or do I sit and let the 200k compound for 20 years (I am 24 now) and not touch the dividend or the principle?

Maxing out your TFSA is definitely the best first step. Tax free growth for life is powerful.

I would seriously look at something other than Wealthsimple just because the fees add up significantly when compounded over 20, 30, or 40 years. One option you might consider are the new Vanguard Portfolio ETFs. You buy one ETF that does all the rebalancing for you and the fee is just 0.2%, including the underlying fees on their own products up to that amount.

I'm not sure why this lump-sum investment should have any impact on your savings rate. Make sure that every dollar you spend has absolute value and meaningful improvement to your life and save the rest. Depending on your income, you'll find yourself saving 30% or 40% or more without even thinking about it much.
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Welcome and General Discussion / How Rich is "Rich"? - article
« Last post by dude on Today at 08:48:02 AM »
A quite different view than the one generally taken by folks here in the MMM forums:

https://www.bloomberg.com/news/articles/2018-05-23/bankers-don-t-think-you-re-rich-unless-you-have-25-million
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