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Message
3
Posted on 3/22/22 at 6:28 pm to weagle99
People tell me I am dumb for this all the time but...
My notes.
Car (mine) $0
Car (wife) $0
Boat $0
House $0
I am in my late 30's and should be investing the money I leverage for retirement blah blah blah but not having bills is very freeing and that is worth something.
My notes.
Car (mine) $0
Car (wife) $0
Boat $0
House $0
I am in my late 30's and should be investing the money I leverage for retirement blah blah blah but not having bills is very freeing and that is worth something.
Posted on 3/22/22 at 6:31 pm to armsdealer
quote:it’s not dumb, it’s a choice that might be right for you because you value the the relief that no debt provides you over the gains you otherwise could have made. It’s a choice that isn’t right for everyone
People tell me I am dumb for this all the time but... My notes. Car (mine) $0 Car (wife) $0 Boat $0 House $0 I am in my late 30's and should be investing the money I leverage for retirement blah blah blah but not having bills is very freeing and that is worth something.
Posted on 3/22/22 at 6:32 pm to Snipe
quote:
Jamie Lynn Spears career after her SNL lip sync fiasco.
It was Ashlee Simpson not Jamie Lynn.
This post was edited on 3/22/22 at 6:32 pm
Posted on 3/22/22 at 6:33 pm to Snipe
quote:
Wealthy people don’t finance much. Especially things that depreciate faster than Jamie Lynn Spears career after her SNL lip sync fiasco.
The wealthiest people almost exclusively finance as to avoid taxes on stock investments.
Posted on 3/22/22 at 6:37 pm to weagle99
I haven't paid a car payment in years. That is scary.
Posted on 3/22/22 at 6:37 pm to Ponchy Tiger
quote:
I will never have a car loan I am paying 644 dollars a month on.
I pity someone who thinks they can tell jack shite based on a monthly note. It’s that kind of asinine thinking that dealerships take advantage of every day.
Posted on 3/22/22 at 6:39 pm to armsdealer
quote:Well, a mortgage is a risk adjusted investment...
money I leverage for retirement blah blah blah but not having bills is very freeing and that is worth something.
So, it being paid is more than just the interest rate.
For the worth something part, it's worth a snowball effect, because all of that money that would have went to those bills is now 100% investment.
600 + 600 + 1500 + 500 = $3200/mo.
$38k after tax a year isn't so bad.
Now, you do lose out on the time value of compound interest, but most people just invest in the market.
And to be honest, the difference is only realized after retirement, which isn't set in stone.
So, yeah... peace of mind until then is worth alot!
Posted on 3/22/22 at 6:40 pm to weagle99
quote:
The average monthly new car payment in 2022 is $644
just wait until you get that electric car/truck and its only going to be a $2467 a month payment for 72 months
Posted on 3/22/22 at 6:42 pm to weagle99
quote:
Americans owe $1.46 trillion in auto loan debt
Cancel auto loan debt!!
Posted on 3/22/22 at 6:42 pm to weagle99
I was paying more than that per month for my kid’s 5.0 ‘Stang when he was in high school.
ETA: ...and then again for the second one after he totaled the first one in his second month of driving.
This post was edited on 3/22/22 at 6:46 pm
Posted on 3/22/22 at 6:42 pm to weagle99
Holy shite that is not good
Posted on 3/22/22 at 6:45 pm to TigrrrDad
quote:
I was paying more than that per month for my kid’s 5.0 ‘Stang when he was in high school
I think the most expensive vehicle note I've ever had was $475/mo.
quote:
ETA: ...and then again for the second one after he totaled the first one in his second month of driving
Didn't see that one coming?
This post was edited on 3/22/22 at 6:49 pm
Posted on 3/22/22 at 6:46 pm to LSUSUPERSTAR
I just hate the credit score system because it screwed me in December when I got my truck. I've needed a mortgage or loan for anything before because I know how to save. Frickin needed someone to co-sign.
Posted on 3/22/22 at 6:47 pm to Snipe
quote:
Wealthy people don’t finance much. Especially things that depreciate faster than Jamie Lynn Spears career after her SNL lip sync fiasco.
Lol imagine being this naive
Posted on 3/22/22 at 6:49 pm to weagle99
Holy crap.
Posted on 3/22/22 at 6:50 pm to weagle99
Sounds low to me.
Posted on 3/22/22 at 6:51 pm to weagle99
Before covid deals were available, but not now.
The used inventory is so small that new vehicle prices are inflated.
The used inventory is so small that new vehicle prices are inflated.
Posted on 3/22/22 at 6:52 pm to HooDooWitch
I will finance the shite out of everything for as long as possible at 3% and below.
Posted on 3/22/22 at 6:54 pm to weagle99
I don't know why people feel the need to fill out their entire income. Give a baw a 10k raise, he'll go out and get a new truck when the one he's got is only 2-3 years old.
Got a 2016 cherokee sport in great condition in the driveway that's paid for. Car notes are for the birds.
Got a 2016 cherokee sport in great condition in the driveway that's paid for. Car notes are for the birds.
This post was edited on 3/22/22 at 6:57 pm
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