Redstickbaw

I plan to pay for my children’s car expenses (car insurance, gas, maintenance), college tuition for the first 4 years at a public in state university, and they are more than welcome to live at the house for the years they are in college. If they want on campus housing or apartment during college they will need to get a job and pay for that. If they wanna go out drinking or fun money in college they can get a job to pay for that. After college graduation and they get their career job, all bills are on them except they can stay home a few years if they want to save up for a housing down payment to get ahead on life. If my children don’t want to go to college they have to come up with a career path plan and are welcome to stay with us as long as they have clear defined goals and making reasonable progress towards getting a career in a non college required field. How do my plans compared to your plans or what you did for your children in the past once they finish high school? Is what I outlined above reasonable expectations?

It’s not bad our low income tax and property tax make up for it compared to other states. Real estate is super cheap in Louisiana also

A select few will get together and form an investment group to put in 100mil collectively for a 9.5% non controlling ownership into (a public tax payer institution) LSU athletics. The investor group will also receive investment returns back to themselves. Basically the boosters will now get a return on their donations to LSU as a portion of LSU profits will be returned to this investment group. It appears LSU will be investing the 100m into profitable businesses to get a return on the money so they don’t have to go beg for money from the boosters quite as often. Not quite sure what they are investing in though maybe it’s the S&P 500 or SpaceX?

Leap scores are improving in EBR and magnet schools remain solid. He can do a walk up dance if he keeps the improvement momentum going on as far as I’m concerned.

What services do you leave a tip? Do you leave a tip at a coffee shop if you are ordering a regular brewed coffee at a stand up counter? Should you tip a restaurant for a to-go order? Where do you tip or not tip?

We are solidly in the 22% tax bracket during our earning years. We are still 20 years away from retirement and so the question comes should we be doing pre tax or after tax 401k contributions? I can look at projections all day long assuming different returns and withdrawal rates and they mostly put me in the 22% bracket during retirement years in most scenario's. What would the money talk board suggest for how to put my contributions? I’m thinking 10% toward pretax and 5% after tax. If I put all 15% pretax then I can probably max the 24k limit for the year but won’t get any after tax contributions.

I’ll still go to the mall if I need to. Not to down play what happen this week by any means but this event could have happened anywhere in BR festivals, Perkins Rowe, movie theater, etc.

Looking for guidance on getting into real estate. Should I buy a condo near LSU and put it up for rent? Should I buy a single family house in a DSLD neighborhood and rent it out? Beach condo? What is the best route for me and how much should I put down and what price vs rental income should I be looking at?

Generally speaking it’s known cities have crime and traffic issues. What is it that BR needs in order to have what other cities have that make them more desirable?

Why do you keep six figures in your savings account? Are you not losing opportunity cost for not being invested?

Since we moved in our house we renovated the bathrooms and kitchen with a combination of contractors and doing some of the work ourselves. It just doesn’t quite feel like we ever completed any of the projects because of the imperfections I notice about the spaces and it has me somewhat regretting some of the renovations since they don’t feel complete or the end result wasn’t what I envisioned. Anyone else had a project or renovations you weren’t quite happy with or even regretted? I’m wondering if we should of consulted an interior designer for colors or styles during the process.