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  • ddswifey ddswifey 
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    Joined: 04/17/2019

    Interesting thread.

    First home bought in 2007 for $250k.

    sold 2012 for $222k.   (ugh, bought at the high, sell low)   zillow says $234k now.

     

    second home     built in 2014 for $510k

    sold in 2017 for $655k    now zillow says 718 which I don’t believe is accurate at all. I know my local real estate pretty well and that just wouldn’t fly.

    l

    land bought 2018  for 130k.

    Sold 2019 for $168k   zillow – same.   Just sold it.

     

    current home bought 2017 for $275k.    zillow says now $303k.

     

    all properties sold with NO REALTOR, so never pay huge transaction fees.

     

    I'm here to learn

    in reply to: My house History #238695 Reply
    ddswifey ddswifey 
    Participant
    Status: Spouse
    Posts: 67
    Joined: 04/17/2019
    You wrote in a previous post that you considered yourself to be frugal. 14K a month is…. not frugal at least in my book, but I’m sure you can afford it since it seems you are tracking it carefully. it’s all relative. FLP

    Click to expand…

    LOL. Yes exactly.  I am/we are frugal (except for 2nd house, which i’ve written about several times).  I may not be fully clear on all the benefits MD’s have at hospital jobs, or if benefits are taken out of your salary or that’s on top of the salaries,  but much of our expenses are things like  paying for his own disability, own  private health insurance, paying for all my husband’s CE ourselves and travel required for that,   as well as other business expenses he has, and we tithe 10% every month as well.  I realize some of that is tax deductible for us—but it still leaves the account every month so its “spending” to me.  Only non-mortgage debt we have is 80k student loan at 1.25% ( $500/month,  which we don’t plan on paying off anytime soon.)

    Our “non-frugal” things are travel budget and 2nd home.     However,  Our two homes don’t equal to what most people have in 1 home.  -midCOL area for us

    btw, @Fatlittlepig– you’d be proud….sold land and 3 of the rentals this summer. =) now to more investing =)

    Honestly, I’m intrigued how people can spend so little when I try very hard to be frugal but again, you said it, its all relative.

    I'm here to learn

    in reply to: How much do you spend a month? #237132 Reply
    ddswifey ddswifey 
    Participant
    Status: Spouse
    Posts: 67
    Joined: 04/17/2019
    I find that Personal Capital does a better job of identifying categories correctly. Plus, it’s easier to edit them on the website compared to Mint. You can edit multiple ones at the same time, search for them, make new categories, etc. The investments/holdings section is better than Mint (which is almost non-existent). I use Mint only to get a very general overview of my account balances.

    Click to expand…

    Thx XRaygoggles– I’ve used mint for so long now its what i’m used to.     I use something different to track investments.  I DO NOT use mint for budgeting as its budget feature is horrible—i use ynab for that.   But i also set up a “yearly budget” on my own spreadsheet. I use Mint almost soley for the “trends” feature.    My own spreadsheet is really how I make sure that the “discretionary” amounts are within the limits I set for the month & year.

    I'm here to learn

    in reply to: How much do you spend a month? #237100 Reply
    ddswifey ddswifey 
    Participant
    Status: Spouse
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    Joined: 04/17/2019

    14k per month but when I look at my mint I get  more spazzed out bc the numbers look way worse there b/c we send in our own taxes.     14k includes giving as well (but not the saving or taxes). When I look at my mint, I have to tell myself thats EVERYTHING and remind myself that its not all being spent.     Its a mental shift for me looking at the numbers that way cause that “yearly trends” bar graph freaks me out.

    I'm here to learn

    in reply to: How much do you spend a month? #237053 Reply
    ddswifey ddswifey 
    Participant
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    Joined: 04/17/2019

    Goodness gracious—-Is “push present” just a Southern thing????   We take those things  SERIOUSLY!!     For my first, I got a second band for my wedding ring—like a “baby band” so now my ring is a set of 3.     For my daughter, I got diamond earrings.  And I’m not even a jewelry person but those mean a lot to me.      I’ve also had friends get a “luxury purse” but I’m not into that kind of thing.     OP- has  your wife dropped any hints?

    I'm here to learn

    in reply to: Ladies – Help! #237050 Reply
    Liked by jfoxcpacfp, AZPT
    ddswifey ddswifey 
    Participant
    Status: Spouse
    Posts: 67
    Joined: 04/17/2019

    We have had 2 inground tornado shelters— 2 different houses.      One was the kind in the garage, built after the house was finished.    It got cob-webby but that’s about it.   it cost about 4k.    We also built one in our last house…inside, inground underneath the stair case.      This one stayed very clean.   It held about 10 adults (sitting) or more if necessary I’d guess. lol.    That one was built during the foundation phase of our building and we bartered for the cost of it—about 5k.      My husband and I joke, Just let us put X in our house and then rest assured it will never be necessary.   never used either tornado shelter but a bad one came near us the first time and that’s why we took the precautions.

    I'm here to learn

    in reply to: Tornado safe rooms #235146 Reply
    ddswifey ddswifey 
    Participant
    Status: Spouse
    Posts: 67
    Joined: 04/17/2019
    Earnest refinancing bonus

    I’m not MD but my husband had  lots of odd jobs…

    Factory worker at a pallet company

    Duck Guide

    Radio DJ

    Sheetrocker

    Beerman for Budweiser—secretly wishes he still had this job

    orthodontist technician at an ortho lab making retainers

    —-Mine  before getting first real job were:

    tutored kids in math when I was in early high school

    worker at catfish farm- 12 hour days/ 7 days a week at 15—my dads farm.

    tomato field worker

    sold newspapers door to door

    waitress– two different places

    cook at a restaurant

    pharmacy technician

    retail clerk at clothing store

     

     

    I'm here to learn

    in reply to: How many paid jobs did you have before being an MD? #233610 Reply
    Liked by RocDoc, ENT Doc
    ddswifey ddswifey 
    Participant
    Status: Spouse
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    Joined: 04/17/2019

    I consider myself thrifty and did grow up poor. But I see myself has having a very good grasp on the value of a dollar. Also great work ethic b/c I began work  at 14.   I worked 60 hours a week on my dad’s farm when i was a teenager in the summers.    I also struggle with always feeling like “when do we have enough”  because “never enough” was a constant theme in my home.     I was raised by a single mom who worked 3 jobs and we lived paycheck to paycheck but I never did without.

    I'm here to learn

    ddswifey ddswifey 
    Participant
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    Joined: 04/17/2019

    How much is home maintenance costing you per year?     We’ve done what you are talking about—downsized considerably.        We went from a 385k mortgage to 140k    dropped half the house almost too.   But it made a huge difference in our financial lives.   BUT WE HAD NO REALTOR ON SELLING/ or from buyer and we made a huge profit on our house and we also paid off business loans—keep that in mind.  Tons more freedom in our finances but our cash flow was tied up in many other places besides just the mortgage.   We were paying about 5k per year in property tax and prob another 3k in home maintenance.  We were able to stay in same school district.       We are just as happy and are now in “all the size house” we need.

     

    not sure decreasing just 90-100k would be worth it.   Depends on all those transaction fees, taxes, and maintenance costs.

    I'm here to learn

    in reply to: What mortgage difference makes downsizing worth it? #232863 Reply
    ddswifey ddswifey 
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    Joined: 04/17/2019
    medical school scholarship sponsor

    This took a turn for negative when “IV for drunks” was brought up and clearly the OP said the purpose was  “for wellness” in his original post.  There’s no moral issue here….

    Dear OP— most of us aren’t judging you for bringing this idea up but wanted to give our honest opinions about if we think its a good idea for you to invest in. I myself use services like this sometimes so I see no problem with it. Actually mostly high level athletes use the place I go to….but I just gave my experience that I rarely see people at my place actually getting the IVs—they use other services more often.

    I would stay away from the mobile idea for the sheer fact that you will personally have to sit there and “visit” with the patient for an entire hour in their home.   no thanks (says the introvert).

     

    I'm here to learn

    in reply to: MD interested in mobile IV hydration side hustle #231910 Reply
    Liked by octopus85, Anne, Zaphod
    ddswifey ddswifey 
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    Joined: 04/17/2019

    @hombre3000— sorry If i’m telling you things you already are aware of but there are med-spa businesses in my area that offer this service.    Unlike your idea, its not mobile but is in a well populated area with high foot traffic.     Its a business called Restore and is popping up franchises all over.    I said all that to say, I rarely see people in there getting IVs.   Honestly even though this business is new, I don’t see it lasting more than 2 years.   Nurses give the IVs in this place.    Sorry I’m not giving all the Medical negative as I don’t know about that, just purely an idea that I do not see the “need for this service” warranting your hard earned money (or time)  in investing.     I literally overheard the business owner of this place say   “We probably won’t make any profit but we just wanted to be in that location (1 block off campus of a major university, where I would assume you’d get the “hungover” crowd).     Just offering the name of this place for you to look up and get an idea of all the IVs they offer—its not marketed as a “hangover bus” but as “wellness.”      I personally would not go this route if I were you….owning small business is extremely time consuming.

    I'm here to learn

    in reply to: MD interested in mobile IV hydration side hustle #231855 Reply
    Liked by Anne
    ddswifey ddswifey 
    Participant
    Status: Spouse
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    Joined: 04/17/2019

    Mr. Jones is broke.    You are not =)

    Mr. Jones has stress.    You do not.

    Mr. Jones has lots of payments.   You have lots of networth.

    Mr. Jones doesn’t have freedom awaiting his future. You and your wife do.

    You can’t see freedom and you can’t see peace but they are the. most.important!

    Its hard to practice stealth wealth when everyone around you is practicing “In Your Face Financial Blunders” (even when they don’t realize it)

     

    I know its hard, trust me, keeping yourself grounded takes brutal discipline. I call it “going under the spell.”      The Spell of Stuff.    You will shake it off in a few hours/days. Its so alluring and shiny and promises such a nice ride, but once you shake yourself out of the spell you will easily be able to say …. “what an idiot that dude is.”     i throw pity-parties like this for myself sometimes too….

    I'm here to learn

    in reply to: Mr. Jones' truck #230660 Reply
    ddswifey ddswifey 
    Participant
    Status: Spouse
    Posts: 67
    Joined: 04/17/2019

    AR here too and we are doing 10k per year for max deduction. And I agree with ajm184—-if you are NWA, public schools here are wonderful.   And we’ve done both.    Public –> private–> back to public.    It is a personal choice for sure but we are super happy since going back to public—- just that much more money invested =)

    I'm here to learn

    in reply to: Best Choice for a 529 Plan for an Arkansas Resident? #229499 Reply
    ddswifey ddswifey 
    Participant
    Status: Spouse
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    Joined: 04/17/2019

    If you go in with others, there’s much greater risk of it going south.  A divorce (the other peoples, not your own) can ruin everything. I’ve seen this happen between two friends who I never ever thought one of them would get a divorce.  Just something to consider.

    I'm here to learn

    in reply to: Vacation Homes #227988 Reply
    ddswifey ddswifey 
    Participant
    Status: Spouse
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    Joined: 04/17/2019

    we are in same camp as SValleyMD….. our 2nd home is my husbands dream place .    very small cabin in the woods (tons of wildlife, hunting,  places to roam, 4 wheelers, and no cell service)…we use it year around, and possibly will retire there.  Its a chance for us to give our kids something we had as kids, but they do not have bc we life in a suburb.      We will not rent it out.    We live very simple in our primary and both mortgages are 1.1x income.  However, be aware they are HUGE time commitments so you aren’t just looking at “can I afford this?”….You need to know “do I have the time for this?”       This place is like a hobby for my husband—a place to unwind and have stress relief.  And its only 2 hours from our house.

    You are going to find two very different camps on this idea ….as with anything else “personal” finance. And it all ties into your personal investment goals. We plan a traditional retirement age of 65 (and slowing down by 55) while many here want to be retired by 50.   I would say know what you envision as part of your lifestyle and see if owning or renting is the option—-     you can’t Airbnb or rent what we have our 2nd place for so I don’t consider that “renting the lifestyle”.  If it was lake-property, then yes, you can rent that.    And we also do regular vacations.   Time, more than money even, is the biggest thing you could overlook when thinking about the idea of 2nd home.

     

    I'm here to learn

    in reply to: Vacation Homes #227961 Reply
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