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  Topic: Loan Advice
christcorp

Replies: 3
Views: 3197

Post image iconForum: Personal Finance   Posted: Tue Apr 25, 2017 3:59 pm   Subject: Loan Advice
I never recommend student loans. They are simply a bad investment. They aren't necessary. Not even counting the fact that 35% of college students with student loans use the money for wasteful purposes ...
  Topic: How to treat 149k loan
christcorp

Replies: 4
Views: 2511

Post image iconForum: Personal Finance   Posted: Sat Apr 15, 2017 3:25 pm   Subject: How to treat 149k loan
I'm curious about the term inherited a loan. Are you saying that you inherited a home that has a mortgage on it? Loans are strictly money. People get confused. There's no such thing as a home loan or ...
  Topic: what to do with 30k??
christcorp

Replies: 4
Views: 8406

Post image iconForum: Retirement Planning   Posted: Fri Apr 14, 2017 1:54 pm   Subject: what to do with 30k??
I'm all for investing the $30K. But a lot of areas, that might be important, haven't been addressed.

1. Do you have any debt? Car loans, student loans, credit card balances, etc.
2. Do you have an ...
  Topic: General/Personal Advice
christcorp

Replies: 2
Views: 2952

Post image iconForum: Personal Finance   Posted: Fri Apr 07, 2017 10:21 pm   Subject: General/Personal Advice
A lot depends on how expensive the house is. If it's $200k and they put 50% down, $100k, almost any bank will loan the money with him on the account. On the other hand, if it's an $850k house, the $10 ...
  Topic: pay off debt vs necessary home repair
christcorp

Replies: 7
Views: 4523

Post image iconForum: Personal Finance   Posted: Fri Mar 24, 2017 6:53 pm   Subject: pay off debt vs necessary home repair
"Paying Off" implies you have enough money to be debt free. Unfortunately, you don't. You say you have about $6,000 saved; and about $12,000 in debt.

First thing is for you to sit down and determin ...
  Topic: 50K inheritance, loan pay off or home improvement? HELP!
christcorp

Replies: 9
Views: 7090

Post image iconForum: Personal Finance   Posted: Tue Mar 21, 2017 1:51 pm   Subject: 50K inheritance, loan pay off or home improvement? HELP!
Actually; "Debt Reduction" IS investing. Most people just don't recognize it as such. For that 4-6% car loan debt; that 6-8% student loan debt; that 6-10% signature loan debt; and that 12-15% credit c ...
  Topic: how much cash should I have on hand
christcorp

Replies: 16
Views: 8249

Post image iconForum: Money Watch   Posted: Tue Mar 21, 2017 1:21 pm   Subject: how much cash should I have on hand
If a person keeps very little cash on hand, because they feel is a temptation that will lead to "Extravagant Expenditures", then that person has financial problems that requires assistance that this f ...
  Topic: Financial advice for a for a 23 year old
christcorp

Replies: 4
Views: 4292

Post image iconForum: Personal Finance   Posted: Sat Mar 18, 2017 3:46 pm   Subject: Financial advice for a for a 23 year old
Some will say that it's ok to have loans, to keep them, and to invest your spare money. That is good advice. However, that only applies when your debt is charging 2,3, or 4% interest. When your debt i ...
  Topic: Recent Grad with some questions
christcorp

Replies: 12
Views: 4767

Post image iconForum: Personal Finance   Posted: Thu Mar 16, 2017 3:40 pm   Subject: Recent Grad with some questions
You are so correct Old guy. There are a lot of people who are afraid of the market. My dad and mom for instance will have NOTHING to do with stocks, 401k, ira, roth, etc. They don't trust the market. ...
  Topic: Recent Grad with some questions
christcorp

Replies: 12
Views: 4767

Post image iconForum: Personal Finance   Posted: Thu Mar 16, 2017 3:09 am   Subject: Recent Grad with some questions
Yes, retirement planning can definitely be complicated. And reaching the 75-80% of working income can be even more difficult if you have a rather large working income.

But there is definitely some ...
  Topic: Recent Grad with some questions
christcorp

Replies: 12
Views: 4767

Post image iconForum: Personal Finance   Posted: Wed Mar 15, 2017 8:57 pm   Subject: Recent Grad with some questions
I believe that the formula to financial "SUCCESS" is "Multi-Faceted". I look at it from a long term perspective. Just like Old Guy does; but from a "Different Window" in the "Same House".

When I'm ...
  Topic: invest in stock
christcorp

Replies: 10
Views: 11860

Post image iconForum: Investing, Stocks and Bonds   Posted: Wed Mar 15, 2017 7:31 pm   Subject: invest in stock
For most investors, and especially NEW investors, you shouldn't be buying individual stocks. You should invest in Mutual Funds. The difference is, Funds are made up of 10's or 100's of stocks. This is ...
  Topic: Recent Grad with some questions
christcorp

Replies: 12
Views: 4767

Post image iconForum: Personal Finance   Posted: Wed Mar 15, 2017 7:14 pm   Subject: Recent Grad with some questions
JGT. Old guy isn't talking about "Playing the Market". Investing in an S&P500 type FUND is not the same as buying "STOCKS". The whole purpose of a "FUND" is so you DON'T play the market. Either a ...
  Topic: Buying a home - lots of student debt
christcorp

Replies: 5
Views: 4218

Post image iconForum: Personal Finance   Posted: Mon Mar 13, 2017 8:57 pm   Subject: Buying a home - lots of student debt
Thanks for the additional info. The #1 greatest thing you have going for you is time.

One thing I'm confused on, is you list your income, but use the word "NET" of $149,000. Net, for this discussi ...
  Topic: Buying a home - lots of student debt
christcorp

Replies: 5
Views: 4218

Post image iconForum: Personal Finance   Posted: Mon Mar 13, 2017 6:42 pm   Subject: Buying a home - lots of student debt
Well, I have a problem with how much student loan debt you have. A basic debt estimater for college loans, shows that for every $50,000 in college debt, the payment will be about $550 a month, and tha ...
 
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