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Message
re: Debt payoff questions
Posted on 12/21/20 at 8:32 pm to Mud_Till_May
Posted on 12/21/20 at 8:32 pm to Mud_Till_May
quote:
I'm not fricked. I have money in the bank?
a complete stock market collapse would have very far reaching ramifications beyond just those invested in the market. What’s your retirement plan? 
2
Posted on 12/21/20 at 8:43 pm to Tigerfan56
quote:
a complete stock market collapse would have very far reaching ramifications beyond just those invested in the market. What’s your retirement plan?
1. Max out 401K
2. Pay off mortgage
3. Save
4. Real-estate.
This post was edited on 12/21/20 at 8:45 pm
Posted on 12/21/20 at 8:44 pm to Tigerfan56
quote:
a complete stock market collapse would have very far reaching ramifications beyond just those invested in the market. What’s your retirement plan?
Thats when I use my assets to buy real-estate.
Posted on 12/21/20 at 8:54 pm to Tigerfan56
quote:
People say this and then defend Trump for not paying taxes
Is the tax code the law of the land? Look, the shenanigans business owners conceive to lower their taxes as long as they are within the confines of the law, is, well.............smart. I realize you may not like to hear that.
Was there an asterisk when you signed on the dotted line for a student loan? An asterisk that stated it might be “forgiven”? If not, shut the frick up and live up to the obligation YOU made.
Posted on 12/21/20 at 9:03 pm to FlyFisherman
quote:
Is the tax code the law of the land? Look, the shenanigans business owners conceive to lower their taxes as long as they are within the confines of the law, is, well.............smart. I realize you may not like to hear that.
I said it was smart for Trump to take advantage.
quote:
Was there an asterisk when you signed on the dotted line for a student loan? An asterisk that stated it might be “forgiven”? If not, shut the frick up and live up to the obligation YOU made.
OP and I didn’t draft up any student loan forgiveness bills nor have we asked for one or said we deserved one. However we live in reality and recognize that it is a possibility, so we consider it. And should it become an option, we will take advantage of it.
Look, the shenanigans consumers conceive to lower their payments as long as they are within the confines of the law, is, well.............smart. I realize you may not like to hear that.
Posted on 12/21/20 at 9:05 pm to Mud_Till_May
quote:
a complete stock market collapse would have very far reaching ramifications beyond just those invested in the market. What’s your retirement plan?
quote:
Thats when I use my assets to buy real-estate.
Keep your money stockpiled in that bank account earning 0.25% interest and come back to laugh at us when the stock market collapses. To each their own
Posted on 12/21/20 at 9:07 pm to Tigerfan56
Commie
Posted on 12/21/20 at 9:15 pm to Tigerfan56
quote:
However we live in reality and recognize that it is a possibility, so we consider it. And should it become an option, we will take advantage of it.
Bless your heart. Which, to my original point, in which you responded, “is what’s wrong with this country”, remember?
I actually live in reality and realize that that money doesn’t just go poof and disappear with the passing of legislation. But I’m assuming you are one of those fellas that prefer to pass this on to your children or grandchildren, rather than be burdened with the consequences of YOUR poor decisions. Amirite?
Posted on 12/21/20 at 9:21 pm to Tigerfan56
quote:
Look, the shenanigans consumers conceive to lower their payments as long as they are within the confines of the law, is, well.............smart. I realize you may not like to hear that.
You trying to lower your payment? All for it. Take away all interest and pay off your debt. Trying to get a write off of YOUR obligation? Go frick yourself
Posted on 12/21/20 at 10:08 pm to FlyFisherman
quote:
You trying to lower your payment? All for it. Take away all interest and pay off your debt. Trying to get a write off of YOUR obligation? Go frick yourself
Again I didn’t write the bill nor have I proposed it.
I’m sure if congress passed a bill to forgive mortgages to qualifying individuals, of which you were one, you would decline to participate.
Posted on 12/21/20 at 10:12 pm to FlyFisherman
quote:
Bless your heart. Which, to my original point, in which you responded, “is what’s wrong with this country”, remember?
I responded no such thing.
Posted on 12/21/20 at 10:15 pm to TheOcean
quote:You just posted last week your law office is going to gross 500k this year with a large amount of that being net revenue. Why are you paying 5% interest on a large student loan?
TheOcean
Posted on 12/21/20 at 10:27 pm to Tigerfan56
You never answered my question:
So, am I right?
That’s laughable because I work and make money.....I would never qualify. I’m absolutely positive I would abhor any such legislation, because as previously noted, legislation does not magically make money obligations disappear.
What I’m more concerned about however, is what college do you owe 35k to that failed to educate you in the most basic principles of US civics?
Furthermore, why did your parents do such a poor job of planning on your higher education expenses? I see the fruit doesn’t fall far from the tree.
quote:
But I’m assuming you are one of those fellas that prefer to pass this on to your children or grandchildren, rather than be burdened with the consequences of YOUR poor decisions. Amirite?
So, am I right?
quote:
I’m sure if congress passed a bill to forgive mortgages to qualifying individuals, of which you were one, you would decline to participate.
That’s laughable because I work and make money.....I would never qualify. I’m absolutely positive I would abhor any such legislation, because as previously noted, legislation does not magically make money obligations disappear.
What I’m more concerned about however, is what college do you owe 35k to that failed to educate you in the most basic principles of US civics?
Furthermore, why did your parents do such a poor job of planning on your higher education expenses? I see the fruit doesn’t fall far from the tree.
Posted on 12/21/20 at 10:58 pm to FlyFisherman
Tell me - is going around making false claims you know nothing about just your MO? What a sad and lonely existence that must be. You should see a therapist about that, you seem angry and likely have a complex. It’ll be hard with your delicate masculinity and self image, though I promise it’ll help. Have I said a damn thing about not paying back? Do you even know me or my situation in the least bit? Obviously not, or you’d know I’ve already overcome extremely traumatizing experiences to lead a successful and happy life, and was a first generation college grad in my family so I truly learned it on my own. That’s included paying my own loans back no problem, though I recognize I’m still in a fortunate situation which is not true of everyone.
As a matter of fact I did work in college, for years. Yet I still needed loans because costs are astronomical for no reason other than greed and predatory lending to kids that are barely, or not, old enough to buy a beer! But frick them I guess for never being taught that grown adults would take advantage of their youthful ignorance while wealthy overlords profit, instead just hearing “you must go to college to succeed.” I personally actually care about other people and would rather a world where human decency and compassion is commonplace, novel concept to you?
People like you are the fricking worst man. Care only about yourself and equate your college situation, what 20-30 years ago, with today as if nothing has changed in education or the world. I choose to think outside of myself though for the betterment of others now and in the future. Newsflash: our country is not as perfect as you’d want to claim it is, and major reform would be a benefit to future generations. What’s good for everyone and the economy is ultimately good for me, and, ironically, YOU though you can’t see the forest for the trees. I feel sorry for you for not seeing the blatant lack of humanity and devotion only to the dollar in your last points.
As a matter of fact I did work in college, for years. Yet I still needed loans because costs are astronomical for no reason other than greed and predatory lending to kids that are barely, or not, old enough to buy a beer! But frick them I guess for never being taught that grown adults would take advantage of their youthful ignorance while wealthy overlords profit, instead just hearing “you must go to college to succeed.” I personally actually care about other people and would rather a world where human decency and compassion is commonplace, novel concept to you?
People like you are the fricking worst man. Care only about yourself and equate your college situation, what 20-30 years ago, with today as if nothing has changed in education or the world. I choose to think outside of myself though for the betterment of others now and in the future. Newsflash: our country is not as perfect as you’d want to claim it is, and major reform would be a benefit to future generations. What’s good for everyone and the economy is ultimately good for me, and, ironically, YOU though you can’t see the forest for the trees. I feel sorry for you for not seeing the blatant lack of humanity and devotion only to the dollar in your last points.
Posted on 12/21/20 at 11:07 pm to FlyFisherman
quote:
But I’m assuming you are one of those fellas that prefer to pass this on to your children or grandchildren, rather than be burdened with the consequences of YOUR poor decisions. Amirite?
Hey at least you got it right this time in attributing what has been said to me and what I actually said in this thread. That’s an improvement, old man.
I am not for the legislation. But if it were passed, I would take advantage of it - sure. I’d be dumb not to, if I qualify.
It’s a very similar situation as my original example with Trump. You’re right - someone has to foot the bill. Is Trump a bad person for not taking on an additional burden that he doesn’t have to, out of some moral obligation? Or is he being smart by doing what he can, within the bounds of the law, to pay less to the government even though he can afford to pay more? You can’t have it both ways.
quote:
What I’m more concerned about however, is what college do you owe 35k to that failed to educate you in the most basic principles of US civics? Furthermore, why did your parents do such a poor job of planning on your higher education expenses? I see the fruit doesn’t fall far from the tree.
Man, you are angry and full of projection
I’m a CPA/CFE and very high up in my respective field at 30 years old. I have 35k of debt inherited through marriage, which I choose to not to pay off because my money earns more for me in the market than I’m losing by paying interest on it- that’s what my college taught me. frick off with all your lazy generalizations and assumptions
This post was edited on 12/21/20 at 11:18 pm
Posted on 12/21/20 at 11:40 pm to Tigerfan56
quote:
That’s an improvement, old man.
Conjecture much? Im 32. If that’s an “old man” well ya got me.
quote:
I’m a CPA/CFE and very high up in my respective field at 30 years old.
Congrats.
quote:
my money earns more for me in the market than I’m losing by paying interest on it- that’s what my college taught me
Great, and again congrats. Did you learn about inflation and the cost of “programs” like loan forgiveness and a government that believes in printing endless money? Did you learn about the consequences of that policy on future generations?
quote:
frick off with all your lazy generalizations and assumptions
Not really lazy or generalizations when they are based off of what you posted. That would make them facts. I’m sorry if I hurt your feelings. Have a good night.
Posted on 12/22/20 at 12:11 am to Starchild
quote:
is going around making false claims you know nothing about just your MO?
Not at all. You responded to a post I made. Remember?
quote:
you seem angry
That’s weird, because Im not at all. You on the other hand.........
quote:
Do you even know me or my situation in the least bit?
Nope, I don’t. But that could also be said about your unsubstantiated conjecture of me, now couldn’t it?
quote:
Obviously not, or you’d know I’ve already overcome extremely traumatizing experiences to lead a successful and happy life, and was a first generation college grad in my family so I truly learned it on my own.
I am sincerely happy for you. And congratulations.
quote:
costs are astronomical for no reason other than greed
This is not entirely true, but do you feel government plays any role in this? Most colleges and universities are publicly ran state institutions that are very efficient at wasting our tax dollars and preying on the very people that are the most vulnerable.
quote:
personally actually care about other people and would rather a world where human decency and compassion is commonplace, novel concept to you?
Nope not novel at all. Wanna compare charitable contributions made this year? I give a lot. I feel fortunate and blessed. I am an extremely compassionate person, but feel free to make gross generalizations about me.
quote:
Newsflash: our country is not as perfect as you’d want to claim it is, and major reform would be a benefit to future generations. What’s good for everyone and the economy
Oh this country is far from perfect, not sure where I said it was (who’s angry again)? It’s still the greatest country in the world.
Agree on the reform, but maybe we have different ideas in said reform. Again passing legislation doesn’t just make those obligations disappear. Somebody, most likely you and I, our children and theirs will eventually pay for this, and it won’t be pretty. We could debate all night on the effects of the national debt on the economy, inflation, etc. (it’s not good).
So I’m sorry if I hurt your feelings. I hope you have a Merry Christmas
Posted on 12/22/20 at 12:15 am to Mud_Till_May
quote:
Mud_Till_May
You really shouldn't be giving anyone advice on here...
Posted on 12/22/20 at 8:30 am to TheOcean
quote:
but with Biden there's a lot of talk about some sort of forgiveness.
You think he'll keep that promise?
good fvcking luck.
Posted on 12/22/20 at 5:19 pm to FlyFisherman
quote:I mean I think student load forgiveness is a terrible idea but you'd be an idiot to rush into paying them off with it being a real possibility
Look no further than this to see what’s wrong with this country.
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