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Posted on 7/9/23 at 6:18 pm to BabyTac
You are in the minority and, ironically, believe people want to hear from you……about anything.
Posted on 7/9/23 at 6:18 pm to BabyTac
quote:
If you need a loan or credit That you cannot pay back…you can’t afford it!
Posted on 7/9/23 at 6:20 pm to Dawgfanman
Yes, I paid cash for my last home. Never mentioned that tho. Mortgages are understandable.
If you need to eat tuna and ramen, no need to take out a loan on luxery items (car, furniture, boats, golf carts, appliances). You’re not entitled to a nice life. You need to earn it and respect it when you do! Lot of spoiled brats in here.
If you need to eat tuna and ramen, no need to take out a loan on luxery items (car, furniture, boats, golf carts, appliances). You’re not entitled to a nice life. You need to earn it and respect it when you do! Lot of spoiled brats in here.
This post was edited on 7/9/23 at 6:21 pm
Posted on 7/9/23 at 6:22 pm to BabyTac
My friend’s wife’s dad is on food stamps while financing a new motorcycle and car, makes me sick
This post was edited on 7/9/23 at 6:23 pm
Posted on 7/9/23 at 6:23 pm to BabyTac
If it makes you money (home, car, etc.) a reasonable loan is ok. Most of the time, ATVs, etc, don't make you money, so don't get a loan.
Posted on 7/9/23 at 6:24 pm to BabyTac
Read the creature from Jekyll island, then you will understand. This is part of the plan.
Posted on 7/9/23 at 6:24 pm to Deactived
quote:
posting his drivel on here every day.
Whatever Chicken is paying him to be a bad troll is too much.
Posted on 7/9/23 at 6:26 pm to BabyTac
Does your tirade apply to mortgages too?
Posted on 7/9/23 at 6:28 pm to BabyTac
quote:
Yes, I paid cash for my last home.
Posted on 7/9/23 at 6:36 pm to BabyTac
quote:
You’re not entitled to a nice life. You need to earn it and respect it when you do! Lot of spoiled brats in here.
quote:
Yes, I paid cash for my last home
Check yourself, bitch.
Posted on 7/9/23 at 6:39 pm to High C
quote:
Check yourself, bitch.
Yes that was after mortgaging the previous 3. But always paid more than my minimum and kept building it up. Didn’t get a loan on my equity or keep upgrading because I could afford a payment. Stay humble and pay for your shite.
Stop being part of the problem
This post was edited on 7/9/23 at 6:44 pm
Posted on 7/9/23 at 6:52 pm to BabyTac
I may not be able to afford it...BUT I STILL GOT IT!
Posted on 7/9/23 at 6:56 pm to BabyTac
Part of what you’re saying is true. Lots of loans aren’t necessary.
Posted on 7/9/23 at 7:16 pm to BabyTac
Ok Dave Ramsey. Stfu
Here’s a quick numbers rundown for ya.
Average New Home Price in 1970
In 2023 Dollars: $180k
Average New Home Price in 2023
$436k
The same metrics apply to cars and most other things.
And you really don’t wanna get me started on the tuition spike that’s driven entirely by greedy colleges, banks/lenders, and the DOE.
The world runs on credit and it is that way because that’s the way the people in charge like it.
Also, none of this has to do with “deserving a nice life”. Everyone used to be able to work the 8-5 and live a comfortable life. Not anymore. And it’s not the people’s fault
Here’s a quick numbers rundown for ya.
Average New Home Price in 1970
In 2023 Dollars: $180k
Average New Home Price in 2023
$436k
The same metrics apply to cars and most other things.
And you really don’t wanna get me started on the tuition spike that’s driven entirely by greedy colleges, banks/lenders, and the DOE.
The world runs on credit and it is that way because that’s the way the people in charge like it.
Also, none of this has to do with “deserving a nice life”. Everyone used to be able to work the 8-5 and live a comfortable life. Not anymore. And it’s not the people’s fault
This post was edited on 7/9/23 at 7:17 pm
Posted on 7/9/23 at 7:24 pm to LoneStarRanger
quote:
price range on cars. Try and keep your payment under $300/mo
Some of you really need to run some numbers. With current interest rates, $300/month might get you a 100k mile mid size car with a 5 year repayment term. Sure it’ll get you from point A to point B but that’s bare minimum.
Posted on 7/9/23 at 7:26 pm to jcaz
quote:
but that’s bare minimum.
So live bare minimum. What entitles you to have more?
Posted on 7/9/23 at 7:27 pm to BabyTac
I just financed my Bass Tracker for 120 months, baw.
Posted on 7/9/23 at 8:17 pm to BabyTac
Borrow at 6%
+
Invest cash at 10%
=
Wealthier than paying in cash
Paying in cash is basically giving up the opportunity to invest at a higher return. Paying in cash is effectively locking in a savings at a rate equal to the loan amount.
The ultimate question is: what are you doing with the cash that you are holding onto. If it’s enough to buy a house or a car, it’s enough to create more wealth via investments.
+
Invest cash at 10%
=
Wealthier than paying in cash
Paying in cash is basically giving up the opportunity to invest at a higher return. Paying in cash is effectively locking in a savings at a rate equal to the loan amount.
The ultimate question is: what are you doing with the cash that you are holding onto. If it’s enough to buy a house or a car, it’s enough to create more wealth via investments.
Posted on 7/9/23 at 8:27 pm to BabyTac
quote:
If you need a loan or credit…you can’t afford it!
Pretty sure most intelligent people moved on from Dave Ramsey around 2011.
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