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I think one question most people would ask off the bat is, do either of your employers offer a 401(k) plan with matching?
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# ¿ Jun 14, 2019 06:03 |
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# ¿ May 14, 2024 01:35 |
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He already owns the RV. Well not really owns, but you know.
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# ¿ Jun 15, 2019 05:48 |
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Duckman2008 posted:KG thread 2019: in debt for the rest of my life, but I once got to eat Nashville hot chicken I’m most likely missing something in this thread but if dude actually has 5000/mo to put to debt payment it seems like it’d be not horrifically hard to get out of debt in about two years. Still kind of hosed for a 35 year old with a family but out of debt.
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# ¿ Jun 17, 2019 19:46 |
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What’s up with that debt pay down line? It seems to say that 2595 - 751 = 2509
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# ¿ Jun 18, 2019 05:56 |
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Knyteguy posted:Ok so how about this plan, based on feedback. One effort post from me. If you guys honestly, no bullshit, have $5000/mo to put towards your debt, this is what I would do: 1) pay off the credit cards this Friday as planned. 2) Have Mrs. Owl put 3% of her gross into her 401(k) to get the matching. If I remember the numbers correctly, this should be about $85/mo. 3) Order of these two doesn’t matter a whole lot if you have many thousands per month to use: - a) Get the RV out from underwater. - b) Save enough to move into a rental property. 4) As soon as those two are done, move. As a side benefit this should let you stop the rental storage. 5) Sell the RV. You may not like it, and it doesn’t maximize your debt repayment speed, but get rid of it. Close that chapter. Move forward. 6) Focus every effort into getting into a position to sell the truck and getting a reliable used car. Do that and before Christmas 2020 you can have your family be in an actual home, have a decent but reliable unflashy car, be out of debt, and have a few thousand in a 401(k).
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# ¿ Jun 19, 2019 02:28 |
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April posted:The old thread really is the gift that keeps on giving.... quote:Plus we could probably save around $400/mo if we get rid of everything we own and move into a motel for $400/mo. Hell even better we could live in a camping trailer my mom has behind her house for maybe $100/mo. That's sustainable.
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# ¿ Jun 20, 2019 01:31 |
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Even with $1500 rent added on, if their claims are true they still have about $42,000/yr to put toward paying off debt. More income doesn’t seem like priority one to me.
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# ¿ Jul 2, 2019 22:34 |
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My Rhythmic Crotch posted:Always go Vanguard.
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# ¿ Jul 20, 2019 15:47 |
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Out of curiosity, what do you expect property taxes to be in Reno (or the county) for a house with a $400,000 replacement value?
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# ¿ Jun 15, 2020 21:34 |
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Yeah forget the XX% income crap at first and use dollars (inflation adjusted).
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# ¿ Jun 17, 2020 21:09 |
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# ¿ May 14, 2024 01:35 |
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I don’t know anything about used truck value, but I don’t think there’s much “possibly” to it. He said in July he still owed $38,000 on a six year old (?) truck.
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# ¿ Sep 29, 2020 16:13 |