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re: In debt to well off in 1 year
Posted on 1/1/13 at 9:55 pm to Danchase
Posted on 1/1/13 at 9:55 pm to Danchase
You don't have to stop being a tightass once you're out of debt. Keep the hammer down. In time your investment returns will be enough to support the lifestyle of an OT Baller. Like me.
This post was edited on 1/1/13 at 9:56 pm
0
Posted on 1/1/13 at 10:28 pm to Danchase
When my wife and I moved in together, she was about $20K in Credit card debt. We committed every spare dollar we had and paid it all off plus some in just over a year. It was a very gratifying feeling. Congrats to you, man.
Posted on 1/2/13 at 7:02 am to Danchase
quote:
At this point it's conceivable for me to save upwards of 50% down payment on a home depending on how the market does in the next 5-15 year. I'd like to not buy a home at all while I'm in the military but that can change depending on several factors
With intrest rates were they are at, one would be crazy NOT to buy a house now. The future will show that rates will be going back up in the 7% range in the next 3-4 years.
Posted on 1/2/13 at 8:00 am to fishfighter
quote:
The future will show that rates will be going back up in the 7% range in the next 3-4 years.
If interest rates rise, then the selling price of housing will fall. Interest rates can't rise that much without blowing up the whole economy.
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