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lewdog 06-17-2016 03:48 PM
Quote:
Originally Posted by Amnorix (Post 12279721)
What, you don't like paying insurance to cover someone ELSE'S risk?

Yeah, every homeowner who pays PMI must work to eliminate it as soon as possible. It does absolutely nothing for them.
You can pay off the PMI outright on a mortgage from the start if you aren't getting the 20% down to avoid the PMI. Not sure why more people don't do this but is saves you money in the long run and obviously makes your monthly payments less.

lewdog 06-17-2016 03:49 PM
Quote:
Originally Posted by BWillie (Post 12279814)
Wow I can't really believe this figure. Sad if true.
http://www.marketwatch.com/story/mos...ngs-2015-10-06

And 21% of people don't even have a savings account.

ChiTown 06-17-2016 03:54 PM
Quote:
Originally Posted by lewdog (Post 12279847)
http://www.marketwatch.com/story/mos...ngs-2015-10-06

And 21% of people don't even have a savings account.
Savings Account's aren't much of a measure anymore. There's all sorts of ways to save money and be liquid without having an actual Savings Account at your bank. So, if someone has an interest bearing checking account, and keeps 3 months worth of salary in there, does that skew the results in that article? Or, are they saying 21% of the people don't have savings in any sort of account?

lewdog 06-17-2016 03:59 PM
Quote:
Originally Posted by ChiTown (Post 12279850)
Savings Account's aren't much of a measure anymore. There's all sorts of ways to save money and be liquid without having an actual Savings Account at your bank. So, if someone has an interest bearing checking account, and keeps 3 months worth of salary in there, does that skew the results in that article? Or, are they saying 21% of the people don't have savings in any sort of account?
I don't ****ing know, but I am guessing by the 62% that don't have $1k saved, that it's probably pretty accurate across all savings vessels.

lewdog 06-17-2016 04:04 PM
I've thought about starting a general financial, stock market and life planning events thread. I really like hearing about companies and investing trends/advice as well.

Not sure if anyone would be interested but I surely learn a lot from others?

eDave 06-17-2016 04:07 PM
PMI is a scam targeting younger first time buyers who most likely don't have the 20%. And being younger carries risk. Like not having the 20%. But they are in a home.

Next, concentrate on getting out of that PMI.

ChiTown 06-17-2016 04:11 PM
Quote:
Originally Posted by lewdog (Post 12279860)
I've thought about starting a general financial, stock market and life planning events thread. I really like hearing about companies and investing trends/advice as well.

Not sure if anyone would be interested but I surely learn a lot from others?
Maybe you and R8ER's could co-author the thread?:D

SAUTO 06-17-2016 04:31 PM
Quote:
Originally Posted by lewdog (Post 12279847)
http://www.marketwatch.com/story/mos...ngs-2015-10-06

And 21% of people don't even have a savings account.
I don't have a savings account.

Bugeater 06-17-2016 04:55 PM
I bet Sauto has all his cash in a wall safe hidden behind a portrait of Smokey Yunick.

Rain Man 06-17-2016 04:57 PM
Quote:
Originally Posted by JASONSAUTO (Post 12279879)
I don't have a savings account.
Offshoring it, eh?

scho63 06-17-2016 05:31 PM
Quote:
Originally Posted by ChiTown (Post 12279766)
I just turned 50, so I'll give you my advice, or shall we say, impart some common sense.

1. Live within your means. I had friends when I was younger, and still have friends at my age, that will spend right up to the very dollar they make......and more. I used to think that they must be super wealthy, but come to find out, they were actually just super stupid. Also, living within your means means that you actually have to save money each and every month. Don't listen to any specific percentage other than the one that works for you at the time that you are making the decision. Adjust it every 6 months to a year, depending upon how your life is changing (income increase/decrease and expense increase/decrease).

2. There is the tortoise and there is the hare. Both will cross the finish line eventually, but one gets there sooner than the other. One spends an enormous amount of energy trying to be first, while the other knows it's a lost cause to do nothing more than to keep a steady, slow pace. Figure out which one of these two you are, or which one you resemble the most. Why? Because it will help you in planning for the future. I knew a guy that wanted to retire when he was 55 (hare), but he wasn't on a career path that was going to allow that (tortoise). It's a bit of a conundrum and can create issues for you down the road, especially if you have convinced your wife you can provide something that won't come to fruition for several years down the road.

Good luck, and enjoy the ride - it goes a lot faster than you think! NO SHIT!
NOW YOU GOD DAMN TELL ME! WHERE THE HELL WERE YOU WHEN I WAS PISSING AWAY $10,000 A MONTH ON NICE RESTAURANTS, FANCY CARS, COKE AND ESCORTS?

Real easy now isn't it Mr. Smarty Pants! ROFL

BTW can you loan me $20 until Monday?

DaFace 06-17-2016 05:40 PM
Quote:
Originally Posted by RunKC (Post 12279672)
What would be yor advice for under 50 people who want to save for retirement? Obviously there's 401k, living below your means and getting rid of debt, but I'm trying to have multiple streams of revenue to my retirement and I want to start early.

I've looked at the stock market, but dividedend stocks seem to only be worth it for people who can put a lot in initially and buy a lot of stock.

Advice welcome from all. It's been on my mind for awhile and I'm always open to older folks who have experience.
I'm certainly not a financial guru (hell, I'm only 34 myself). Others have given some pretty solid takes more generally, but if I go with the assumption that "spend less, save more" is a given, here's how I generally prioritize things:
  1. Pay off credit cards.
  2. Build up an emergency fund of six months worth of expenses. (There's a lot of debate about the exact amount here, so up it if you're conservative, lower it if you're risky and/or have a really stable job that you're not worried about disappearing.)
  3. Put in as much as is necessary to get a company match in your 401k or IRA plans (if applicable).
  4. Pay off anything else that has an interest rate above 5% or so. (This is debatable since you may make more than that in the stock market, but I'm fairly conservative and think you take the guaranteed "return" while you can.)
  5. Start your own IRA (I think Roths make the most sense if you're young, but Trads are fine as long as you know the differences and benefits of each.) Max out your annual contributions if you can.
  6. Pay off any thing you have left that's below 5% interest rate (except your mortgage assuming your rate is good).
  7. Max out your contributions to your company 401k or IRA account (if applicable).
  8. Pay off your mortgage.
  9. Start a standard brokerage account and start investing for income (or possibly look into other types of investments).

There is very little in financial planning that is a "right" or "wrong" way of doing things, so others may shift their priorities in the above a bit. Nothing wrong with that.

Finally, in terms of investments, if you know NOTHING, you can always start with a target date fund. The fees are a little high, but they're managed and will generally keep you pointed in the right direction. A step above that is where I'm at: I'm lazy and go with a three-fund lazy portfolio for the most part. Be wary of "full-service" places - they're great for advice, but they're taking fees out of EVERYTHING, which can add up ENORMOUSLY over time. If you really start to have a feel for what you're doing, you can invest in individual stocks obviously, but 90% of people will just get themselves in trouble doing that IMO.

scho63 06-17-2016 05:49 PM
On a serious note, every school system in the US should teach basic financial education by 10th grade or less:

-Balancing a check book
-The danger of debt
-How interest works
-Reading a balance sheet
-The importance of a 401(k) and pretax dollars
-Pretax and after tax dollars
-How not to waste money on DEPRECIATING assets
-The importance of stock ownership
-How to start a business
-Pay yourself first

These are all the things I DIDN'T learn until too late in life after I pissed away money. :banghead:
I have spent somewhere between $450,000-$550,000 over the last 23 years in restaurants and bars. Not bragging, just showing what an ass I am for wasting so much money. I should be retired.......

lewdog 06-17-2016 06:20 PM
Quote:
Originally Posted by ChiTown (Post 12279867)
Maybe you and R8ER's could co-author the thread?:D
Looks like I won't be starting a thread after-all.

eDave 06-17-2016 06:49 PM
Quote:
Originally Posted by scho63 (Post 12279922)
NOW YOU GOD DAMN TELL ME! WHERE THE HELL WERE YOU WHEN I WAS PISSING AWAY $10,000 A MONTH ON NICE RESTAURANTS, FANCY CARS, COKE AND ESCORTS?

Real easy now isn't it Mr. Smarty Pants! ROFL

BTW can you loan me $20 until Monday?
ROFL

While not to your caliber, I think back at all the dough I blew through and cringe. Stupid me had a great time though.

SAUTO 06-17-2016 08:13 PM
Quote:
Originally Posted by eDave (Post 12279999)
ROFL

While not to your caliber, I think back at all the dough I blew through and cringe. Stupid me had a great time though.
I still do, probably too often in fact ROFL

R8RFAN 06-18-2016 03:40 AM
You guys have gotten a helluva lot smarter since this thread was originally started... Congrats to all of you for being responsible

BlackOp 06-18-2016 04:18 AM
Quote:
Originally Posted by R8RFAN (Post 12280369)
You guys have gotten a helluva lot smarter since this thread was originally started... Congrats to all of you for being responsible
There is a vast difference in smart....and being responsible. Responsible is being an obedient dog on a master's leash.

R8RFAN 06-18-2016 07:47 AM
Quote:
Originally Posted by BlackOp (Post 12280370)
There is a vast difference in smart....and being responsible. Responsible is being an obedient dog on a master's leash.
Ok FIDO

Pasta Little Brioni 06-18-2016 08:33 AM
Fire a piss jug at him

Mosbonian 06-18-2016 08:48 AM
Quote:
Originally Posted by lewdog (Post 12278444)
A figure came out at the end of 2015 that said around 60% of people have less than $1,000 saved.


That's an astonishing figure.
Some economists say that is a conservative figure.....

Mosbonian 06-18-2016 08:49 AM
Quote:
Originally Posted by loochy (Post 12278459)
Yeah

that's pretty bad

WTF are we going to do when all of those people decide to retire?
You're going to have to stay off more lawns....

Mosbonian 06-18-2016 08:55 AM
Quote:
Originally Posted by lewdog (Post 12278605)
We surely don't count on it. I leave it completely out of our retirement planning, meaning we invest and save more so that we can meet out retirement amount goal with it not included. If Social Security is there for us 30+ years down the road, we will be very financially secure. If it's not, we should be fine as well.
I am guessing there were a lot of people saying the same thing before 2000 who are now having to postpone retirement because much of what they saved/invested/speculated on either was lost, depreciated, or stolen/defrauded from them.

Not to mention one catastrophic illness away from eating up any savings/investments.

Mosbonian 06-18-2016 09:08 AM
Quote:
Originally Posted by ChiTown (Post 12279766)
I just turned 50, so I'll give you my advice, or shall we say, impart some common sense.

1. Live within your means. I had friends when I was younger, and still have friends at my age, that will spend right up to the very dollar they make......and more. I used to think that they must be super wealthy, but come to find out, they were actually just super stupid. Also, living within your means means that you actually have to save money each and every month. Don't listen to any specific percentage other than the one that works for you at the time that you are making the decision. Adjust it every 6 months to a year, depending upon how your life is changing (income increase/decrease and expense increase/decrease).

2. There is the tortoise and there is the hare. Both will cross the finish line eventually, but one gets there sooner than the other. One spends an enormous amount of energy trying to be first, while the other knows it's a lost cause to do nothing more than to keep a steady, slow pace. Figure out which one of these two you are, or which one you resemble the most. Why? Because it will help you in planning for the future. I knew a guy that wanted to retire when he was 55 (hare), but he wasn't on a career path that was going to allow that (tortoise). It's a bit of a conundrum and can create issues for you down the road, especially if you have convinced your wife you can provide something that won't come to fruition for several years down the road.

3. Along the way, don't forget to be happy. Money issues seemed to rise up all the time for me between the ages 28-40. There were some great earning years in the age frame, but it also cost me a great deal of time away from Family and Friends. Ambition is great, but ambition doesn't care about you after you retire. Money will come and go, but Family and true Friends are there forever. Find the balance that makes you happy, and I promise you'll never worry about how you didn't didn't spend more time in the office or on the road working. I missed a lot of time with my oldest Son when he was a toddler due to traveling overseas on business. I'd substitute the bonuses and salary bumps I made to have that time back with my Son.

4. Last - Have a retirement goal. Figure out where you want to retire, how you want to retire, and how much money it will take to get there. I fully realize that plans and desires change over time (especially when you are younger), but it's immensely difficult to cross the finish line if you don't know where you are running to. Just a FYI, I never used a pen in planning out my retirement goals. I generally used a pencil with a giant eraser.:D

Good luck, and enjoy the ride - it goes a lot faster than you think!
All of this very great advice.....especially the part I bolded. I am going to live with a little less money, but a lot of good memories I found myself missing at one point. It seems like only yesterday I was bringing my kids home from the hospital.....now my youngest is starting her Junior year of college in August and the reality of her living her life apart from my wife and I is even more evident. We are a much more mobile society these days and kids no longer "come home" to find a job. There isn't one fortune out there I could have made that is worth the memories we created for the kids and ourselves.

Mosbonian 06-18-2016 09:12 AM
Quote:
Originally Posted by ChiTown (Post 12279766)
I just turned 50, so I'll give you my advice, or shall we say, impart some common sense.

1. Live within your means. I had friends when I was younger, and still have friends at my age, that will spend right up to the very dollar they make......and more. I used to think that they must be super wealthy, but come to find out, they were actually just super stupid. Also, living within your means means that you actually have to save money each and every month. Don't listen to any specific percentage other than the one that works for you at the time that you are making the decision. Adjust it every 6 months to a year, depending upon how your life is changing (income increase/decrease and expense increase/decrease).

2. There is the tortoise and there is the hare. Both will cross the finish line eventually, but one gets there sooner than the other. One spends an enormous amount of energy trying to be first, while the other knows it's a lost cause to do nothing more than to keep a steady, slow pace. Figure out which one of these two you are, or which one you resemble the most. Why? Because it will help you in planning for the future. I knew a guy that wanted to retire when he was 55 (hare), but he wasn't on a career path that was going to allow that (tortoise). It's a bit of a conundrum and can create issues for you down the road, especially if you have convinced your wife you can provide something that won't come to fruition for several years down the road.

3. Along the way, don't forget to be happy. Money issues seemed to rise up all the time for me between the ages 28-40. There were some great earning years in the age frame, but it also cost me a great deal of time away from Family and Friends. Ambition is great, but ambition doesn't care about you after you retire. Money will come and go, but Family and true Friends are there forever. Find the balance that makes you happy, and I promise you'll never worry about how you didn't didn't spend more time in the office or on the road working. I missed a lot of time with my oldest Son when he was a toddler due to traveling overseas on business. I'd substitute the bonuses and salary bumps I made to have that time back with my Son.

4. Last - Have a retirement goal. Figure out where you want to retire, how you want to retire, and how much money it will take to get there. I fully realize that plans and desires change over time (especially when you are younger), but it's immensely difficult to cross the finish line if you don't know where you are running to. Just a FYI, I never used a pen in planning out my retirement goals. I generally used a pencil with a giant eraser.:D

Good luck, and enjoy the ride - it goes a lot faster than you think!
One other thing on this.....I read an article some time back about how, in many cases, the wealth that people accumulate over the early years they tend to lose in the age 45-55 age bracket due to unwise decisions, impulse buying, or the thought "well I am close to retirement anyway so it won't affect me as much".

Easy 6 06-18-2016 09:12 AM
Other than the usual monthly bills and a school loan, I dont owe anyone a damn thing... its a beautiful thing

lewdog 06-18-2016 10:09 AM
Quote:
Originally Posted by Mosbonian (Post 12280450)
I am guessing there were a lot of people saying the same thing before 2000 who are now having to postpone retirement because much of what they saved/invested/speculated on either was lost, depreciated, or stolen/defrauded from them.

Not to mention one catastrophic illness away from eating up any savings/investments.
Delayed yes, but if you stay in the market, within 5-6 years you made it back. And with investments, it's not like your taking out all your money out exactly when you retire. You draw it down very slowly so even a market crash like 2008, you could have still done it and came back ahead of your previous high.

We really have no choice though, those of us without pensions that is. Liquids savings just gets eaten up by inflation much too fast to be a retirement option. And those under 35 should not even worry about social security. It's all on you to retire.

Mosbonian 06-18-2016 12:37 PM
Quote:
Originally Posted by lewdog (Post 12280520)
Delayed yes, but if you stay in the market, within 5-6 years you made it back. And with investments, it's not like your taking out all your money out exactly when you retire. You draw it down very slowly so even a market crash like 2008, you could have still done it and came back ahead of your previous high.

We really have no choice though, those of us without pensions that is. Liquids savings just gets eaten up by inflation much too fast to be a retirement option. And those under 35 should not even worry about social security. It's all on you to retire.
There were beatdowns in the market in 2001 and before which affected most people in their late 50's early 60's now. I remember a time where people were told save intelligently in a savings plan, own your home (some even called your home equity your "nest egg") and you will be set. Not anymore....

I fear for my kids more than myself these days......health issues (and watching the Chiefs & Royals) will probably get to me before my money runs out.

BWillie 06-18-2016 04:22 PM
Im glad I got so much bitcoin in the last two yrs. I didnt even want bitcoin, but it was the easiest way to get paid. Its been a pretty good "investment" so to speak in the last two years. I figured it would continue to tank as it got to a high of like $1200 per bitcoin in 2012ish and dropped like a rock after.

EPodolak 06-18-2016 11:34 PM
Quote:
Originally Posted by DaFace (Post 12279926)

Finally, in terms of investments, if you know NOTHING, you can always start with a target date fund. The fees are a little high, but they're managed and will generally keep you pointed in the right direction. A step above that is where I'm at: I'm lazy and go with a three-fund lazy portfolio for the most part. Be wary of "full-service" places - they're great for advice, but they're taking fees out of EVERYTHING, which can add up ENORMOUSLY over time. If you really start to have a feel for what you're doing, you can invest in individual stocks obviously, but 90% of people will just get themselves in trouble doing that IMO.
I'm convinced that these simple index strategies are the best for the vast majority of people, lazy or not. Completely unexciting, but the odds are against beating the market over the long term, it's great that you're figuring this out at your age.

BryanBusby 06-19-2016 02:27 AM
Quote:
Originally Posted by BWillie (Post 12280840)
Im glad I got so much bitcoin in the last two yrs. I didnt even want bitcoin, but it was the easiest way to get paid. Its been a pretty good "investment" so to speak in the last two years. I figured it would continue to tank as it got to a high of like $1200 per bitcoin in 2012ish and dropped like a rock after.
Is there even a point to the bullshit beyond paying for drugs on a silkroad knock off?

rabblerouser 12-05-2016 09:33 PM
Quote:
Originally Posted by R8RFAN (Post 7499017)
You all should listen to a Runaway Child exploiter instead..

Got any new prospects today Dane? Maybe some 16 yr old needs a little pole dancing tips from the expert...

Scumbag
ROFL

Rasputin 12-05-2016 09:40 PM
I'm seeing a bankruptcy lawyer tomorrow I hope it can give me a clean slate I just can't keep up with the debts I got myself into and all the hours at work I do isn't doing me a bit of good when interest eats my paycheck.

Hamwallet 12-05-2016 09:43 PM
DaneMcClouds wife has a BH like a tube of circus peanuts so he has at least $3.50. He isn't broke.... tonight.

New World Order 12-05-2016 09:59 PM
Quote:
Originally Posted by KC Tattoo (Post 12598863)
I'm seeing a bankruptcy lawyer tomorrow I hope it can give me a clean slate I just can't keep up with the debts I got myself into and all the hours at work I do isn't doing me a bit of good when interest eats my paycheck.

I just paid a friend's attorney fee for him to file for bankrupcy.

He seems relieved. Hope it gives you some room to breathe.

Rasputin 12-05-2016 10:06 PM
Quote:
Originally Posted by New World Order (Post 12598893)
I just paid a friend's attorney fee for him to file for bankrupcy.

He seems relieved. Hope it gives you some room to breathe.
Yeah I hope it is too. After talking to him on the phone I felt some relief but it still seems overwhelming to me and going through everything I need is a headache.


I wish life had an easy button like shopping at Staples.

Iowanian 12-05-2016 10:07 PM
Quote:
Originally Posted by Hamwallet (Post 12598865)
DaneMcClouds wife has a BH like a tube of circus peanuts so he has at least $3.50. He isn't broke.... tonight.

I admire the effort at creativity with your insult, however I find it a little "Mediterranean ave with no houses" to take a random pot shot at his Mrs.

Hamwallet 12-05-2016 10:09 PM
Quote:
Originally Posted by Iowanian (Post 12598901)
I admire the effort at creativity with your insult, however I find it a little "Mediterranean ave with no houses" to take a random pot shot at his Mrs.
Well he told me to die of AIDS in my ass. So their.

eDave 12-05-2016 10:16 PM
Quote:
Originally Posted by Hamwallet (Post 12598903)
Well he told me to die of AIDS in my ass. So their.
Still not a shot at your wife. Raw move dude.

SAUTO 12-05-2016 10:19 PM
Quote:
Originally Posted by Hamwallet (Post 12598865)
DaneMcClouds wife has a BH like a tube of circus peanuts so he has at least $3.50. He isn't broke.... tonight.
****ing terrible. Piece of shit thing to do, asshole.

SAUTO 12-05-2016 10:20 PM
Hamwallet should die of aids in his ****ing ass

DaneMcCloud 12-05-2016 10:23 PM
Quote:
Originally Posted by Hamwallet (Post 12598903)
Well he told me to die of AIDS in my ass. So their.
No, I didn't.

I said "Eat AIDS ridden shit and swallow it down with an Ebola cocktail".

That's very, very different.

rabblerouser 12-05-2016 10:25 PM
Quote:
Originally Posted by Iowanian (Post 12598901)
I admire the effort at creativity with your insult, however I find it a little "Mediterranean ave with no houses" to take a random pot shot at his Mrs.
Yeah I'm no Dane fan, at all. But let's leave family members out of this.

That definitely crosses a line.

R8RFAN 08-31-2018 06:22 PM
7 and a half years later

Still....

0 Mortgage debt
0 Consumer debt
0 Car payments

Bills I owe
Directv
Insurance
Taxes
Utilities
Food
and Cell Phone


How bout you? Who has turned their life around and who is still a broke dick?

BIG_DADDY 08-31-2018 06:53 PM
Quote:
Originally Posted by DaneMcCloud (Post 12598925)
No, I didn't.

I said "Eat AIDS ridden shit and swallow it down with an Ebola cocktail".

That's very, very different.
LMAO

LoneWolf 08-31-2018 07:09 PM
Quote:
Originally Posted by R8RFAN (Post 13702483)
7 and a half years later

Still....

0 Mortgage debt
0 Consumer debt
0 Car payments

Bills I owe
Directv
Insurance
Taxes
Utilities
Food
and Cell Phone


How bout you? Who has turned their life around and who is still a broke dick?
You’re just like Warren Buffet. If Warren Buffet was a stupid **** Raiders fan with minimal education and drove a truck for a living.

Pasta Little Brioni 08-31-2018 07:49 PM
Freighters lives in his rig and drinks piss jugs to save cash

New World Order 08-31-2018 07:54 PM
Quote:
Originally Posted by R8RFAN (Post 13702483)
7 and a half years later

Still....

0 Mortgage debt
0 Consumer debt
0 Car payments

Bills I owe
Directv
Insurance
Taxes
Utilities
Food
and Cell Phone


How bout you? Who has turned their life around and who is still a broke dick?
No way you're a real Raider fan

Chief Pote 08-31-2018 08:04 PM
Quote:
Originally Posted by R8RFAN (Post 13702483)
7 and a half years later

Still....

0 Mortgage debt
0 Consumer debt
0 Car payments

Bills I owe
Directv
Insurance
Taxes
Utilities
Food
and Cell Phone


How bout you? Who has turned their life around and who is still a broke dick?
:doh!:

Pasta Little Brioni 08-31-2018 08:10 PM
Quote:
Originally Posted by New World Order (Post 13702621)
No way you're a real Raider fan
He's never been to the black butthole

ROYC75 08-31-2018 08:11 PM
Well with this nice little round of medical bills, that has totaled almost $ 750K, I'll be on the hook for 20% !:cuss:

Or around $ 150K.

And we are NOT done yet!:shake:

I wish they took CP casino cash!

Bugeater 08-31-2018 08:16 PM
Still no mortgage, but we do have a HELOC from our kitchen and various other home improvements.

We now have credit card debt due to me not having a steady job for almost a year.

Wife just financed a car.

Everything else paid for. We'll be back on track in a year.

Buehler445 08-31-2018 08:18 PM
My life didn't need turning around.

Willie Lanier 08-31-2018 08:22 PM
Quote:
Originally Posted by R8RFAN (Post 13702483)
7 and a half years later

Still....

0 Mortgage debt
0 Consumer debt
0 Car payments

Bills I owe
Directv
Insurance
Taxes
Utilities
Food
and Cell Phone


How bout you? Who has turned their life around and who is still a broke dick?
So, you can pay your bills and live like a responsible American....

Great are you looking for a pat on the back? This generation is ****ed

jdubya 08-31-2018 08:24 PM
Mortgage debt

Utilities

no credit card debt

no car payments

no "doodads" debt

BigRedChief 08-31-2018 08:34 PM
I’m in debt up to my aids infested ass.

Doing this right in this thread?

'Hamas' Jenkins 08-31-2018 08:42 PM
I have an assload of student loan debt (probably about 180 stacks by the time I'm done in May), but at least I'll have a job that pays six figures at the end of it.

BIG_DADDY 08-31-2018 08:48 PM
No debt

SuperBowl4 08-31-2018 10:37 PM
I sit on the CLUB LEVEL at ARROWHEAD when I go to a CHIEF game. Not always, but it is my #1 choice. Champagne wishes and caviar dreams. :arrow:

Iowanian 08-31-2018 10:57 PM
I'm now offering a limited time opportunity to sponsor some children in Iowania. You can choose from several sponsorship options....orthodontia! Education! For those lower rollers that want to contribute we offer the chance for school clothing funds, contributions to college funds, transportation expenses, athletic event sponsor.

Nickhead 08-31-2018 11:01 PM
Dick Broke As ****!!!

my current employer has just sacked everyone. she is facing a massive recall (which i predicted) with debris in the bottled water. over 800 pallets of cartons of water are being rejected.

so till i find another job, i won't be any richer than i was yesterday :cuss:

SuperBowl4 08-31-2018 11:26 PM
Quote:
Originally Posted by Iowanian (Post 13702854)
I'm now offering a limited time opportunity to sponsor some children in Iowania. You can choose from several sponsorship options....orthodontia! Education! For those lower rollers that want to contribute we offer the chance for school clothing funds, contributions to college funds, transportation expenses, athletic event sponsor.
Thanks, but no thank you! GO CHIEFS!!

bigjosh 08-31-2018 11:29 PM
Quote:
Originally Posted by New World Order (Post 13702621)
No way you're a real Raider fan
Cant have bills when your posting from prison.

Sent from my LM-Q710(FGN) using Tapatalk

Mr. Flopnuts 09-01-2018 05:19 AM
Quote:
Originally Posted by R8RFAN (Post 12280390)
Ok FIDO
It's FICO buddy.

smithandrew051 09-01-2018 06:35 AM
How broke am I?

I have to eat my cereal with a fork to save milk.

MTG#10 09-01-2018 07:29 AM
-Just bought a house, so I have a $1000/month mortgage payment.

-Just paid off my truck and the next month my fiance's engine blew so I bought her a car and now I have a $300/month auto payment.

-No credit card debt.

-Living with 4 teenagers so I have a 6-line $350 cell phone bill and we go through an ungodly amount of food.

-New house is literally double the size of last home so utilities are much higher.

-Auto insurance with two teenagers on it isn't cheap, and will soon have three.

Still doing fine, and after bills are paid still have several hundred dollars left at the end of every month to go towards savings and/or paying off pissed-off neighbors with stupid dogs.

R8RFAN 09-01-2018 07:30 AM
Quote:
Originally Posted by ROYC75 (Post 13702646)
Well with this nice little round of medical bills, that has totaled almost $ 750K, I'll be on the hook for 20% !:cuss:

Or around $ 150K.

And we are NOT done yet!:shake:

I wish they took CP casino cash!
This is the only excuse anyone has for being in debt... I truly feel sorry for anyone who has went through this.. I hope you don't think I would ever direct this at someone who has went through tragedy because I never would... God Bless you bro... I am just here to razz the the ones I usually razz and the over spenders, not ridicule those who are in a position like you or those who are sick... I could very well be in the same boat one day.

R8RFAN 09-01-2018 07:32 AM
Quote:
Originally Posted by Mr. Flopnuts (Post 13702941)
It's FICO buddy.
Hey I heard you were sick, how are you u cocksmoker :)
Did you say Fico?

One is 815 and the other 825

R8RFAN 09-01-2018 07:33 AM
Quote:
Originally Posted by bigjosh (Post 13702875)
Cant have bills when your posting from prison.

Sent from my LM-Q710(FGN) using Tapatalk
Thats's the first time anyone has ever posted that... You are effing good man ROFL

Hog's Gone Fishin 09-01-2018 07:50 AM
I'm down to 9 mortgages left totaling about 350K. Should be done with all of them in 5 years.

My wifes medical bills ended up with about 250K for 2 weeks in the hospital. Thank god for this insurance I bitch about as my total out of pocket limit was $7400

O.city 09-01-2018 07:52 AM
Quote:
Originally Posted by 'Hamas' Jenkins (Post 13702700)
I have an assload of student loan debt (probably about 180 stacks by the time I'm done in May), but at least I'll have a job that pays six figures at the end of it.
Join the ****ing club bro.

I had 300k when I was done with dental school. Knocking it out as fast as I can

scho63 09-01-2018 07:53 AM
I'm so broke I can't even pay attention!

R8RFAN 06-15-2021 07:43 PM
Over 10 years have passed since I created this thread. I am now 55 years old

I am still 100% debt free
I am officially a Millionaire (on paper) for now.

/thread

TLO 06-15-2021 07:46 PM
Quote:
Originally Posted by R8RFAN (Post 15709579)
Over 10 years have passed since I created this thread. I am now 55 years old

I am still 100% debt free
I am officially a Millionaire (on paper) for now.

/thread
And the Raiders still suck

/ now end thread

R8RFAN 06-15-2021 07:49 PM
Quote:
Originally Posted by TLO (Post 15709583)
And the Raiders still suck

/ now end thread
Raiders gonna beat that ass twice this year like they should have last year

/ thread

Peter Gibbons 06-15-2021 07:57 PM
Quote:
Originally Posted by R8RFAN (Post 15709585)
Raiders gonna beat that ass twice this year like they should have last year

/ thread
Is that what Derek Carr whispers in your ear before he has his way with you?

On a more serious note, congratulations on staying out of debt. I’ve been debt free about 10 years as well and I don’t believe there is any better way to build wealth or reduce stress. I wish our public schools would teach this simple technique to the youth; it would save many people from a lot of anguish.

eDave 06-15-2021 08:01 PM
Your position is slightly less unimpressive than before. Congrats.

R8RFAN 06-15-2021 08:03 PM
Quote:
Originally Posted by Peter Gibbons (Post 15709592)
Is that what Derek Carr whispers in your ear before he has his way with you?

On a more serious note, congratulations on staying out of debt. I’ve been debt free about 10 years as well and I don’t believe there is any better way to build wealth or reduce stress. I wish our public schools would teach this simple technique to the youth; it would save many people from a lot of anguish.
Amen brother... Hope you continue to live the good life and I am going to try to push 5 more years and hang it up. America wants people to be in debt, they will never teach that in schools. Have a good night

FloridaMan88 06-15-2021 08:19 PM
Quote:
Originally Posted by R8RFAN (Post 15709579)
Over 10 years have passed since I created this thread. I am now 55 years old

I am still 100% debt free
I am officially a Millionaire (on paper) for now.

/thread
The Raiders are apparently so broke and/or cheap that they didn’t even build a big enough indoor practice facility in Las Vegas to practice with an expanded roster during the summer months.

Is it a surprise to them that it is 100+ degrees in the summer months there?

Bearcat 06-15-2021 10:28 PM
I vaguely remember this thread... all credit cards are bad, all debt is bad, pay off all debt ASAP no matter what, etc.

It was like Dave Ramsey throwing up in your mouth with terrible financial advice.


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