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  Topic: Need a car - Have other debt obligations... Help!
plush

Replies: 25
Views: 38441

Post image iconForum: Personal Finance   Posted: Tue Aug 30, 2016 8:56 pm   Subject: Need a car - Have other debt obligations... Help!
howdy oldguy, hope you're doing well.

quick question: Since our income is volatile, there will be times that our set percentage of take-home pay for the week/month allows us to invest $2,000 - $5, ...
  Topic: Need a car - Have other debt obligations... Help!
plush

Replies: 25
Views: 38441

Post image iconForum: Personal Finance   Posted: Mon Jul 11, 2016 10:13 pm   Subject: Need a car - Have other debt obligations... Help!
Thanks oldguy. I took your advice and opened a Vanguard account. I'm ready to purchase VFINX (I am starting with $5000 and will bump to $10,000 by the end of this month, so VFIAX is not available to m ...
  Topic: Need a car - Have other debt obligations... Help!
plush

Replies: 25
Views: 38441

Post image iconForum: Personal Finance   Posted: Thu Jul 07, 2016 3:11 pm   Subject: Need a car - Have other debt obligations... Help!
Thanks oldguy! Looks like the properties will have to stay put for a while.

Under what circumstances would you sell one of your rentals? I'm enjoying the cash flow, and hope to have enough passive ...
  Topic: Need a car - Have other debt obligations... Help!
plush

Replies: 25
Views: 38441

Post image iconForum: Personal Finance   Posted: Mon Jul 04, 2016 5:49 am   Subject: Need a car - Have other debt obligations... Help!
Hey Oldguy,

I wasn't very clear with my whole 25k borrowed at 6.8%/366 payment comment--I was referring to the minimum payment on my wife's student loan. Because we have (most of) the $$ to pay it ...
  Topic: Need a car - Have other debt obligations... Help!
plush

Replies: 25
Views: 38441

Post image iconForum: Personal Finance   Posted: Sun Jul 03, 2016 6:57 pm   Subject: Need a car - Have other debt obligations... Help!
Hey oldguy, I'm hoping you can weigh in on this idea:

I've got about $25,000 on top of my 6 month reserve nut. I'm contemplating 2 different uses with it:

1. Pay off my wife's student loan in fu ...
  Topic: Need a car - Have other debt obligations... Help!
plush

Replies: 25
Views: 38441

Post image iconForum: Personal Finance   Posted: Mon Jun 06, 2016 6:00 pm   Subject: Need a car - Have other debt obligations... Help!
Am I missing something here? I just don't see the incentive at present.

That 'method' started out as the "Australian Method to Pay Your Mortgage Fast" about 15 or 20 yrs ago. It shows up occasiona ...
  Topic: Need a car - Have other debt obligations... Help!
plush

Replies: 25
Views: 38441

Post image iconForum: Personal Finance   Posted: Sun Jun 05, 2016 11:57 pm   Subject: Need a car - Have other debt obligations... Help!
SCEngineer - thanks for the post. In talking with Oldguy, I'm becoming less emotional about debt, so I mind it less. It would be great to have no debts tied directly to me (student loans) or my primar ...
  Topic: Need a car - Have other debt obligations... Help!
plush

Replies: 25
Views: 38441

Post image iconForum: Personal Finance   Posted: Sat May 28, 2016 7:51 am   Subject: Need a car - Have other debt obligations... Help!
....But for the 29-yr-old you, 'debt-free' is not so good, consider the end-game - you direct all income to paying cash - and you end at age 65 debt-free but with no wealth.

It may be time fo ...
  Topic: Need a car - Have other debt obligations... Help!
plush

Replies: 25
Views: 38441

Post image iconForum: Personal Finance   Posted: Thu May 26, 2016 5:02 pm   Subject: Need a car - Have other debt obligations... Help!
Thank you for the thoughtful reply; I can definitely relate to your approach. It blows my mind how few people think about money and plan in the way that you and oldguy do. Though you guys have differe ...
  Topic: How to spend $30k
plush

Replies: 5
Views: 14535

Post image iconForum: Personal Finance   Posted: Tue May 24, 2016 4:18 pm   Subject: Re: How to spend $30k
Hi there,

I just had a $30k windfall and hoping for some advice on how to best utilize it. Some background and then my question below:

Mortgage interest rate if 4.75 but now that there is only 2 ...
  Topic: Need a car - Have other debt obligations... Help!
plush

Replies: 25
Views: 38441

Post image iconForum: Personal Finance   Posted: Tue May 24, 2016 2:53 pm   Subject: Need a car - Have other debt obligations... Help!
Thank you for the advice! I really struggled with this yesterday, but you make good points. You're right about debt. I know there are multiple avenues to wealth, and stock/fund investment is one viabl ...
  Topic: Nominations for the STUPIDEST use of money.
plush

Replies: 1
Views: 11914

Post image iconForum: Personal Finance   Posted: Mon May 23, 2016 8:46 pm   Subject: Nominations for the STUPIDEST use of money.
I've got one for you:

My grandpa passed away 2 years ago. With his death went his hefty pension (no survivorship rights), leaving my grandma with 1200/mo in SSI benefits in an extremely expensive m ...
  Topic: Personal budgeting - Share your methods
plush

Replies: 9
Views: 19657

Post image iconForum: Personal Finance   Posted: Mon May 23, 2016 6:27 pm   Subject: Personal budgeting - Share your methods
Rather than downloading an app or getting a fancy doo-dad, my suggestion would be that you move quickly to a cash system for miscellaneous household, grocery expenses, clothing, non-essentials, and en ...
  Topic: Need a car - Have other debt obligations... Help!
plush

Replies: 25
Views: 38441

Post image iconForum: Personal Finance   Posted: Mon May 23, 2016 4:47 pm   Subject: Need a car - Have other debt obligations... Help!
Hi everyone! I'm hoping for some sage financial wisdom. Here's what we're working with:

• 29 year-old married couple expecting first child next month
• Gross $180,000 per year as Realtors - NE ...
 
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