Comments for Evolving Personal Finance

Comment on Home Equity Is Funny Money by Adam

Adam — Fri, 29 Apr 2022 14:56:25 +0000

Hi Emily – I just stumbled upon your blog.

Great post! Up in Canada this is a very topical issue because of the rapid house price appreciation over the past 2 years.

While your net worth should be accounted for using “market prices” for your home… I think it makes sense to be more conservative when you are trying to calculate a realistic “liquidation value” for your net worth.

If you sell your house you have to pay lots of fees plus where are you going to live after that?

Comment on Home Equity Is Funny Money by Emily

Emily — Mon, 25 Apr 2022 17:38:24 +0000

In reply to JL. I agree that an appraisal is the best number to work with. I can't think of why we would have an appraisal done though? I don't think we'll ever refinance now that rates are going up. :)

Comment on Home Equity Is Funny Money by JL

JL — Mon, 25 Apr 2022 14:54:42 +0000

I only note it as round numbers, in $50k or $100k estimates. I also usually update it only when we have an appraisal or once a year if it increases/decreases by $50k or $100k, depending on the home value. This helps to not update it too often. Zillow and Redfin don’t have much of a concept of how much our current place is worth so I have only updated it with an appraisal so far.

Comment on Avoiding an Expensive 401(k) Plan through Self-Employment by We Maxed Out All Our Retirement Accounts for the First Time! - Evolving Personal Finance | Evolving Personal Finance

Tue, 19 Apr 2022 04:16:00 +0000

[…] was the first year that we contributed to Kyle’s expensive 401(k), and in fact we maxed it out over just the last five months of the […]

Comment on Business Goal Tracking for Week 6 of 2022 by Business Goal Tracking for Week 8 of 2022 - Evolving Personal Finance | Evolving Personal Finance

Sat, 26 Feb 2022 15:41:30 +0000

[…] Done as of two weeks ago! […]

Comment on Business Goal Tracking for Week 6 of 2022 by Business Goal Tracking for Week 7 of 2022 - Evolving Personal Finance | Evolving Personal Finance

Sat, 19 Feb 2022 15:19:31 +0000

[…] Done as of last week! […]

Comment on Hello Again, Four Years Later by Emily

Emily — Sat, 29 Jan 2022 16:38:34 +0000

In reply to Angela. If you're blogging on the subject, you can definitely give a podcast interview! Hope to hear from you. :)

Comment on What’s So Great About High Cost-of-Living Areas? by Brett

Brett — Wed, 19 Jan 2022 16:53:23 +0000

I found this post while trying to handle my own COL crisis. I live in South Florida and I’m about to give up and move just because I can’t fathom paying these new absurd prices for homes and rent. I have done the research and if I move to the midwest or south, I can basically, monthly take a weekend trip to South Florida and still come out ahead. The rent skyrocketed that much that it really just doesn’t make a lot of sense to stay anymore. It doesn’t help that for my profession South Florida is actually a terrible job market in terms of pay vs COL. It is hard to move on from these friendships and start over though, that is probably the only reason I haven’t moved yet.

Comment on Hello Again, Four Years Later by Angela

Angela — Wed, 19 Jan 2022 05:19:50 +0000

In reply to Emily. I was a stealth reader :) I've started blogging about personal finance targeted towards the PhD crowd recently. I'll think about volunteering, I don't feel like I have a lot of interesting things to say!

Comment on Avoiding an Expensive 401(k) Plan through Self-Employment by Hello Again, Four Years Later - Evolving Personal Finance | Evolving Personal Finance

Sat, 08 Jan 2022 20:07:04 +0000

[…] my solo 401(k). We avoided using Kyle’s 401(k) because 1) there was no match offered and 2) it is with Edward Jones (read: very […]