Search found 81 matches

by JoeNCA
Wed May 15, 2013 8:06 am
Forum: ERE Journals
Topic: JoeNCA's ERE Journal
Replies: 54
Views: 6362

<t>Choices choices <br/> After about a week and half of fervent search, several options have surfaced for the noise problem: <br/> Option 1:<br/> The manager is willing to relocate me to a more quiet unit. The dilemma here is that while new unit is quieter, it's still susceptible to significant outs...
by JoeNCA
Sat May 11, 2013 11:12 am
Forum: ERE Journals
Topic: JoeNCA's ERE Journal
Replies: 54
Views: 6362

<t>It takes ingenuity to be poor and not suffer.<br/> What difference a street makes! The contrast between have and have-nots is painfully evident in my stride toward ERE. <br/> Today I saw a man sleeping on a bench next to a bus stop at midnight while another, wandered the street aimlessly speaking...
by JoeNCA
Mon May 06, 2013 6:25 am
Forum: ERE Journals
Topic: JoeNCA's ERE Journal
Replies: 54
Views: 6362

<t>Moving again? Apartment woes<br/> Finished moving into the new apartment in the low $500's this month. <br/> Immediately, an "issue" was discovered after a night's stay - noisy individual AC units (20+)! <br/> The sound ricocheting off of the concrete walls was like a jet take off and rather unbe...
by JoeNCA
Thu Apr 18, 2013 8:08 am
Forum: ERE Journals
Topic: JoeNCA's ERE Journal
Replies: 54
Views: 6362

<t>Hi GPMagnus,<br/> Very interesting points here. <br/> To point 1, this should be the target for where one should be in retirement, esp. for basic necessities - because real wealth is possession of real goods, and not the medium of exchange, such as paper or credit. Producing and possessing real w...
by JoeNCA
Tue Apr 16, 2013 10:19 pm
Forum: ERE Journals
Topic: JoeNCA's ERE Journal
Replies: 54
Views: 6362

<t>GPMagnus, thanks for very informative links on the subject.<br/> Point well taken re: the subject of CPI, and it's quite true that one's consumption choices affect the rate of depreciation - and thus affecting one's "real wealth" - definitely a factor to consider in one's retirement consideration...
by JoeNCA
Tue Apr 16, 2013 8:58 pm
Forum: Money Questions
Topic: Leveraged Income Experiment
Replies: 201
Views: 42269

Watch that margin call George.

by JoeNCA
Fri Apr 05, 2013 9:56 am
Forum: Introduce Yourself
Topic: Tinnitus from work told me to quit early
Replies: 8
Views: 1903

That is brilliant, mustymon.
What a way to utilize overseas employment to increase income and to reduce taxes at same time to leverage ERE.
I must say, that's quite an achievement!
Shows there is more than one way to skin a cat. A food for thought, indeed.

by JoeNCA
Thu Apr 04, 2013 9:27 pm
Forum: ERE Journals
Topic: Jacob's other journal
Replies: 270
Views: 61509

It snows a lot in Eastern WA. Rains a lot in West.
Many from Calif. moved up to WA near OR border and enjoy the benefits of WA's no income tax and OR's no sales tax.

by JoeNCA
Thu Apr 04, 2013 9:19 pm
Forum: Money Questions
Topic: Security vs. Opportunity
Replies: 21
Views: 2438

<t>Well, in a way it's like playing poker.<br/> <br/> If profit goal was met, then it's time to get up and walk away.<br/> By securing those funds, the probability that you will retire at the age that you have selected is 100% - you've done your job. <br/> The work income from the next two years the...
by JoeNCA
Tue Apr 02, 2013 8:31 am
Forum: ERE Journals
Topic: JoeNCA's ERE Journal
Replies: 54
Views: 6362

<t>Moving again<br/> Will be relocating to another place after this month. <br/> I had found an apartment about a year ago, literally right across the street from work, but had to wait for vacancy. <br/> A shopping center, a gym and a hospital are all within walking distance from this location. <br/...
by JoeNCA
Mon Mar 18, 2013 10:15 pm
Forum: Miscellaneous
Topic: Cyprus "Deposit Tax"
Replies: 105
Views: 8574

<t>While it is true that so long as the bank keeps on raising the credit limit, one can continue charging the card beyond the original card limit but this doesn't mean debt isn't there. <br/> As long as goods and services are exchanged with currency as medium of exchange, accumulating debt will have...
by JoeNCA
Mon Mar 18, 2013 7:01 pm
Forum: Money Questions
Topic: Do We Worry About Inflation Or Not?
Replies: 10
Views: 1254

<t>I had similar thoughts recently and of course the answer is to increase the savings rate of return by some means. <br/> My concerns were inflation and taxes with expectation that they will rise in the future and to factor that into rate of return, in the ballpark - my guess is that a double digit...
by JoeNCA
Mon Mar 18, 2013 5:19 pm
Forum: Miscellaneous
Topic: Share your early retirement secrets - USA TODAY interview request
Replies: 18
Views: 2426

I've never been comfortable about discussing my own finances in public, save this forum.
That's because this forum is a modern form of masquerade and I know I will never meet anyone on here, let alone recognize them even if I did.
Somethings are best left hidden.

by JoeNCA
Mon Mar 18, 2013 9:46 am
Forum: ERE Journals
Topic: mrjay's journal
Replies: 13
Views: 2029

If not already, you might want to consider setting aside 3-6 months worth of living expense as buffer for just such occasion.
That way, your ERE doesn't get interrupted unless the situation is truly dire.

by JoeNCA
Mon Mar 18, 2013 6:31 am
Forum: ERE Journals
Topic: JoeNCA's ERE Journal
Replies: 54
Views: 6362

<t>It's an exercise to find the ballpark, nothing more. <br/> US stock market's historical return is said to be somewhere between 8-10%, including dividends. Berkshire Hathaway - over 20%. Inflation excluded. <br/> So 14% return, while difficult, maybe a good target with balanced risk. Not a billion...
by JoeNCA
Fri Mar 15, 2013 12:49 am
Forum: Introduce Yourself
Topic: hi and questions
Replies: 17
Views: 2117

<t>I agree with George entirely, not only should you not have any debt, you should have decent savings before retiring. <br/> Average gross income in US a few years ago was about 50k/year. Where I am (Northern California), 50k/year is just getting by, and that's not factoring in inflation.<br/> 52 j...
by JoeNCA
Thu Mar 14, 2013 9:45 pm
Forum: ERE Journals
Topic: JoeNCA's ERE Journal
Replies: 54
Views: 6362

<t>Observations on rate of return<br/> PRETAX:<br/> Based on CPI data, a rough rule of thumb for purchasing power decline is 50% every 10 years.<br/> Rough rule of thumb on income tax is 50% for single payer.<br/> So half of a half is what you keep after inflation and income tax in 10 years.<br/> Me...
by JoeNCA
Wed Mar 13, 2013 10:50 pm
Forum: ERE Journals
Topic: JoeNCA's ERE Journal
Replies: 54
Views: 6362

<t>Goals for 2013<br/> 1. Increase after-tax cash position<br/> The goal for this year is to achieve minimum 50k in after-tax cash.<br/> Main reason is to prepare for any upcoming investing opportunities in stocks, bonds or real-estate. While saving in pre-tax will provide more leverage, it limits s...
by JoeNCA
Wed Mar 13, 2013 6:56 am
Forum: ERE Journals
Topic: JoeNCA's ERE Journal
Replies: 54
Views: 6362

<r>My current financial snapshot - 2/2013<br/> Retirement-annuity equivalent - 125k<br/> <br/> Retirement: 85k<br/> <br/> Money Market equivalent: 25k<br/> <br/> Savings: 25k<br/> Debt: 2.5k<br/> 2012 has been a difficult year to make strides.<br/> One positive light has been the annuity-equivalent,...
by JoeNCA
Wed Mar 13, 2013 12:32 am
Forum: Miscellaneous
Topic: Your catalyst for ERE?
Replies: 41
Views: 4527

<t>I am still waiting for that moment of epiphany as far as ERE is concerned. <br/> I did crunch the numbers and I'm hoping to get there, albeit very slowly. <br/> Since there isn't a place to get a decent rate of return, the current strategy is simple - spend less and save. <br/> However, I did get...