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Posted on 9/8/22 at 12:10 pm to BabyTac
Around 500k.
Posted on 9/8/22 at 12:13 pm to BabyTac
Mortgage and about $10k I borrowed as unsecure loan for a side hustle. I can't wait until my mortgage is paid off....I'll be rich that day.
Posted on 9/8/22 at 12:19 pm to mthorn2
quote:
.I'll be rich that day.
It saves me about $1500/month - the one thing I like is that if I have to make an insurance claim the check comes straight to me and not the bank first - the last time that happened it took about 5 trips to the bank before they got it all figured out. I prob wasted 8 hours trying to get a stupid insurance check for hail damage.
Posted on 9/8/22 at 12:29 pm to BabyTac
Mortgage (approximately 1x annual income) + $40K in educational debt that will be gone in approximately 6 months.
Posted on 9/8/22 at 12:30 pm to BabyTac
About 100k on my mortgage
About 3k on vehicle.
I have a credit card that I use for most purchases that I pay off in full each month.
781 credit score
About 3k on vehicle.
I have a credit card that I use for most purchases that I pay off in full each month.
781 credit score
Posted on 9/8/22 at 12:33 pm to BabyTac
None. Home paid off, truck paid off, no loans. I use my AMEX to pay for most stuff and pay it off monthly.
Feels good man.
Feels good man.
Posted on 9/8/22 at 12:50 pm to BabyTac
Around $2M in current, intermediate, and long term business debt. About $30k on one house and $90k on the other. Sounds like a lot but the equity > amount owed.
Posted on 9/8/22 at 12:53 pm to BabyTac
Home for 10 more yrs
One vehicle for 4 yrs
One vehicle for 4 yrs
Posted on 9/8/22 at 12:56 pm to lsu777
quote:
Same with the idiots that bang on people taking out 8 year 1.9% car loans. And then brag about paying off their car. Dumb
What's wrong with paying off your car note?
Posted on 9/8/22 at 12:58 pm to El Segundo Guy
quote:
Yes, my wife works as a Registered Nurse. She chooses to work because she feels like she was born to be a nurse. She could quit tomorrow and is just shy of 42. I was in the military for over 20 years. Whilst in, I took every penny and started 2 businesses and started investing in real estate. 2008 made me a LOT of money. I bought property in coastal California for pennies on the dollar because I had cash on hand from my deployments and businesses (lawn care servicing commercial and government contracts and a Paintless Dent Repair business). Oh and Mingo you're such an angry little fella. Such an ax to grind. It's really not becoming
Around this same time period I was in the mortgage business and one of my clients was a marine in Germany who had been in about 20 year, captain I think, he owned 96 investment properties. It's crazy how you can snowball that stuff over time.
Posted on 9/8/22 at 12:59 pm to Gings5
quote:
What's wrong with paying off your car note?
Nothing, it's just not the best use of your cash
Posted on 9/8/22 at 1:13 pm to Gings5
quote:
What's wrong with paying off your car note?
nothing, but also its essentially free money in most cases when you compare the interest rate vs inflation.
but a lot of guys on here who have no understanding of money want to get on here and dog people and make fun of people for taking out the longest loan they can on a car.
hell if i went tomorrow and they offered me a 20 year note with interest under 3....i am taking it as fast as i can.
the thing of the OT though is to throw out the 96 month loan like its the wrong thing to do when it is the correct thing to do.
also its frickign retarded to pay cash for a vehicle and shows a total misunderstanding of money. i mean unless you have shite credit and get an interest rate over 4.
Posted on 9/8/22 at 1:18 pm to Mingo Was His NameO
quote:
Nothing, it's just not the best use of your cash
Edit
This post was edited on 9/8/22 at 1:25 pm
Posted on 9/8/22 at 1:19 pm to Palmetto98
quote:
Yet Y’all complain more
wait what?
Posted on 9/8/22 at 1:20 pm to Mingo Was His NameO
quote:can't it make sense in some cases due to insurance?
Nothing, it's just not the best use of your cash
Posted on 9/8/22 at 1:23 pm to lsu777
quote:
wait what?
False alarm, misread his post lol
Posted on 9/8/22 at 1:24 pm to BabyTac
2 years ago all inhad was a mortgage for about 6 months. Then I bought a new truck, then we bought a new SUV for the wife.
At the moment between 2 cars and mortgage, we about 180k. No CC, no Student loans..... kids going to trade school for free, and my daughter should be going to college for free too.
At the moment between 2 cars and mortgage, we about 180k. No CC, no Student loans..... kids going to trade school for free, and my daughter should be going to college for free too.
Posted on 9/8/22 at 1:26 pm to BabyTac
Mortgage
My wife’s car note
That’s about it. My truck is paid off, we paid of student loans (minimal with TOPs and I was a GA in grad school).
I use my personal card for work travel so I usually have 2-3k revolving on that card until I get my expense report done.
My wife’s car note
That’s about it. My truck is paid off, we paid of student loans (minimal with TOPs and I was a GA in grad school).
I use my personal card for work travel so I usually have 2-3k revolving on that card until I get my expense report done.
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