I disagree, as soon as its paid off id take another loan and buy more assets. Doing that you'd never pay off the loans, or not at least for a long time, so you would count assets and liabilities to calc your net worth. Loans that buy quality appreciating assets = good, loans for TVs, phones, gadgets ect even cars (unless required for work) = bad.
You can't rent a good apartment, get a loan, or get low interest on a house unless you have good credit.
Yes, Fun With Paper is certainly mildly entertaining, but rather delusional and based on assumptions that are largely baseless and depend on luck, not facts. Given the regularity of depressions and bank failures historically and the inevitable bailouts of that sort of thing, I would disagree. You' spending money you haven't earned yet, and counting on luck to carry it all through, and just guessing.
Wow good for you. Have close to 50K while still in college is a great achievement. I was broke in college and I was working 2 jobs lol AND was in the National Guard.
If you say so, and you're probably right for many people who are crippled by fear of failure. Everything we do in life is chance, the job you take, the neighborhood you buy in, the timing, the house itself, crossing the street,,,,,, nothing is guaranteed or fact.
I have a good job as a blackjack+poker dealer. I live with my parents so I have less expenses than most (I get a free meal every night and discount accommodation). Makes things easier. That includes all my assets - my gold and silver, my shares, my Banshee 350, my car, my double bass, my savings account, etc. [hr][/hr] I really respect you for being in the National Guard. I have thought about being a rifleman in the ADF Reserves, but I enjoy drugs a lot and figure uni is the time to use them.
Hell yeah mate, just installed some FMF fatty pipes, powercore 2 silencers, +4 timing plate, Toomey 2:1 air filter, 320 main jets, 27.5 pilots, and new tires (Maxxis Razr Ballance rear, Razr XC front). Made for some real good fun over the study break You have a bike?
2007 Honda recon. It's a utility one but still fun. It's not mine, my parents bought it for all of us. In the coming years, I hope to get a fast bike of my own. Yours sounds awesommeee! I bet that baby screams when it hits the road!
No mortgage, no loans, no credit card debt, no car payments... make over $40k/year (pretty good for my region). I do have some medical debt which a judge decided I owe, that couldn't be quantified by the medical institution that sued me... but I guess you'll have that. I know a lot of people who appear wealthy, but it's all debt, so I don't envy them in the slightest. I'd much rather live modestly with minimal liability, than live 'high on the hog' with the risk of it all falling apart, leaving you deep in the negative.
IT won't be long before 90% of the country will have that re medical ripoffs. Largest scam going, and bankrupts people at an alarming rate. Indeed. Those 'Get Rich In Real Estate With No Money Down!!' scams are pretty popular these days.
I had a utility quad growing up, they're great. I would like a 4x4 utility quad as my next one. I really enjoy them on trails. Yeah she goes pretty flat out. Once you hit that powerband it flies. I had to get tires with ridiculous traction so they don't just spin. I'm no mechanic, but I fitted all that without much of an issue. Climbing scarily steep hills made of soft sand is no issue with power like that. Twin 350cc in a 2 stroke engine is just excessive. Most of my mods surrounded increasing airflow. If you're ever in Western Australia swing by and we'll hit the dunes.
I absolutely (*)(*)(*)(*)ing despise the medical industry. I'll refrain from ranting, for fear of being called a commie or something.
I do own five houses I bought from people who lost their asses in the housing bubble under Reagan and Bush I, though; paid cash and had to listen to them whine about how it was all the Democrats fault that they bought $30,000 houses with $70,000 in borrowed money that ended up being sold to people 'crippled by a fear of failure' like myself for $12,000 to $17,000, though. Never did hear which Democrat held a gun to their heads and forced them to borrow all that money. I guess I dozed off. Maybe it was Ted Kennedy, or FDR.
Man that just sounds AWESOME. I can imagine you need some thick traction or else that thing would spin for hours. You could set your tires on a speed bump and burn a whole right through it! I wish I could go to Western Australia! Australia is the one place I would love to visit. I've been to Europe, Asia, and South America. One day I'll get there!
Yes! It must have been him! He's the clown who was on the committee for decades that was supposed to be one of the legislative watchdogs over all that stuff, wasn't he? Then he comes along after the 2008 crash and claims he had nothing to do with it all. Must have been him
Actually, I just got an email telling me that a relative I never knew just passed away and left me 30 million dollars. All I have to do to collect the money is the send my bank account number to some clerk from the national bank of Zimbabwe and pay a $250.00 transfer fee and the the money will be electronically transferred.
North Carolina? I would never have figured Anywhere in NC as the third most expensive housing market.
I said take a loan on a property paid off to buy quality assets. How buying a 30k house for 70k with an LVR way to high makes a quality purchase i dont know. Those people were obviously cluessless fools bound to parted from their money. Just because i say id use debt doesnt mean buying over priced with debt ratios that leave no margin for error, nor does it mean not being diversified enough for protection. But good for you, sounds like you purchased some under valued assets. Just dumb luck you think? I think not. Btw i could buy 5 houses between 12-17k and burn them down just for the giggles so ease up on the high horse.
