Tuesday
VIP Member
Joined: Dec 2005
Posts: 6,866
From: Fugitive
Car Info: MOPAR Baby!! yeeaaaahhh
If i were you i would just save the money man, thats what im trying to do. Im past the whole have to have a nice car thing now & im trying to save some money & maybe buy a house..
I say keep the maro & save the cash.
I say keep the maro & save the cash.
VIP Member
Joined: Dec 2005
Posts: 6,866
From: Fugitive
Car Info: MOPAR Baby!! yeeaaaahhh
You've never heard of Amortization!? 
If I were you, I would invest the $30k to gain the interest and use part of that for a down payment. Per the "rule of thumb" for buying a house. You should be making ~$55,000/year for a $250,000 house.
Not saying you can't do that, just making sure you're aware.
If I were you, I would invest the $30k to gain the interest and use part of that for a down payment. Per the "rule of thumb" for buying a house. You should be making ~$55,000/year for a $250,000 house.
Not saying you can't do that, just making sure you're aware.
VIP Member
iTrader: (7)
Joined: Jun 2003
Posts: 25,095
From: Funtown
Car Info: A limousine with a chauffer
You've never heard of Amortization!?
If I were you, I would invest the $30k to gain the interest and use part of that for a down payment. Per the "rule of thumb" for buying a house. You should be making ~$55,000/year for a $250,000 house.
Not saying you can't do that, just making sure you're aware.
If I were you, I would invest the $30k to gain the interest and use part of that for a down payment. Per the "rule of thumb" for buying a house. You should be making ~$55,000/year for a $250,000 house.
Not saying you can't do that, just making sure you're aware.
VIP Member
iTrader: (7)
Joined: Jun 2003
Posts: 25,095
From: Funtown
Car Info: A limousine with a chauffer
Yeah they can. They just keep getting increased credit card limits and living like rockstars while also using the CC to buy their necessities.
It's ok though. When the house increases in value, you refi, pay off the credit card, take out a grip of cash, buy an escalade (or a 300c) with RIMMMZZZZ, then resume charging up the credit card and repeat the process when the house goes up in value more in the next few years. Bonus points if you put yourself in to an adjustable interest only loan.
As long as the housing market doesn't take a ****, you're golden.
Oops.
It's ok though. When the house increases in value, you refi, pay off the credit card, take out a grip of cash, buy an escalade (or a 300c) with RIMMMZZZZ, then resume charging up the credit card and repeat the process when the house goes up in value more in the next few years. Bonus points if you put yourself in to an adjustable interest only loan.
As long as the housing market doesn't take a ****, you're golden.
Oops.
Registered User
iTrader: (3)
Joined: Feb 2005
Posts: 10,232
From: Front pleated TWill pants...
Car Info: 2004 PSM WRX
You've never heard of Amortization!?
If I were you, I would invest the $30k to gain the interest and use part of that for a down payment. Per the "rule of thumb" for buying a house. You should be making ~$55,000/year for a $250,000 house.
Not saying you can't do that, just making sure you're aware.
If I were you, I would invest the $30k to gain the interest and use part of that for a down payment. Per the "rule of thumb" for buying a house. You should be making ~$55,000/year for a $250,000 house.
Not saying you can't do that, just making sure you're aware.
Troll
iTrader: (6)
Joined: Jan 2006
Posts: 15,877
From: In SoggyNoodles Low Rise Pants
Car Info: 2008 Legacy Spec-B
Amortization (simplified) means that your first payment is like 99% interest and 1% principal, and your last payment is 1% interest and 99% principal. Its actually a curved line with lots of math theory behind it, and blah blah blah.
If you take the loan out to term, there is no difference. What it does, though, is give the banks a bit more of their profit on the loan early, just in case you default on the loan, or you decide to pay it off early.
If you take the loan out to term, there is no difference. What it does, though, is give the banks a bit more of their profit on the loan early, just in case you default on the loan, or you decide to pay it off early.
You've never heard of Amortization!?
If I were you, I would invest the $30k to gain the interest and use part of that for a down payment. Per the "rule of thumb" for buying a house. You should be making ~$55,000/year for a $250,000 house.
Not saying you can't do that, just making sure you're aware.
If I were you, I would invest the $30k to gain the interest and use part of that for a down payment. Per the "rule of thumb" for buying a house. You should be making ~$55,000/year for a $250,000 house.
Not saying you can't do that, just making sure you're aware.
from what i've seen in my industry I should be able to make roughly 45-55k starting. That being said I might have to start as like an intern making zero money. I need to find a place that will accept me with my AS in software application:RockOn - not mine:
Troll
iTrader: (6)
Joined: Jan 2006
Posts: 15,877
From: In SoggyNoodles Low Rise Pants
Car Info: 2008 Legacy Spec-B
Yeah they can. They just keep getting increased credit card limits and living like rockstars while also using the CC to buy their necessities.
It's ok though. When the house increases in value, you refi, pay off the credit card, take out a grip of cash, buy an escalade (or a 300c) with RIMMMZZZZ, then resume charging up the credit card and repeat the process when the house goes up in value more in the next few years. Bonus points if you put yourself in to an adjustable interest only loan.
As long as the housing market doesn't take a ****, you're golden.
Oops.
It's ok though. When the house increases in value, you refi, pay off the credit card, take out a grip of cash, buy an escalade (or a 300c) with RIMMMZZZZ, then resume charging up the credit card and repeat the process when the house goes up in value more in the next few years. Bonus points if you put yourself in to an adjustable interest only loan.
As long as the housing market doesn't take a ****, you're golden.
Oops.
Debt = Bad my goal in life is to stay the hell away from it
The bank owned signs are reproducing in a hurry.
You've never heard of Amortization!?
If I were you, I would invest the $30k to gain the interest and use part of that for a down payment. Per the "rule of thumb" for buying a house. You should be making ~$55,000/year for a $250,000 house.
Not saying you can't do that, just making sure you're aware.
If I were you, I would invest the $30k to gain the interest and use part of that for a down payment. Per the "rule of thumb" for buying a house. You should be making ~$55,000/year for a $250,000 house.
Not saying you can't do that, just making sure you're aware.
Troll
iTrader: (6)
Joined: Jan 2006
Posts: 15,877
From: In SoggyNoodles Low Rise Pants
Car Info: 2008 Legacy Spec-B