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  Topic: 50K inheritance, loan pay off or home improvement? HELP!
christcorp

Replies: 9
Views: 1028

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: 4134

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: 3
Views: 237

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: 387

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: 387

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: 387

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: 4
Views: 395

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: 387

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: 400

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: 400

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 ...
  Topic: Advise on early Mortgage Payoff vs Investing
christcorp

Replies: 10
Views: 2400

Post image iconForum: Personal Finance   Posted: Sat Mar 11, 2017 11:47 pm   Subject: Advise on early Mortgage Payoff vs Investing
There are definitely wrong ways to manage money, but there are always more than one right way to manage money. From what I've read in your posts, if you paid off the house, you'd have $10,000 left in ...
  Topic: How should I pay things off?
christcorp

Replies: 4
Views: 530

Post image iconForum: Personal Finance   Posted: Sat Mar 11, 2017 11:25 pm   Subject: How should I pay things off?
Old guy brings up a great point. There isn't anything wrong with debt on the surface. However, if you aren't good at budgeting, and live outside your means, then debt can kill you. Looking at your pos ...
  Topic: What should I pay with my tax return?
christcorp

Replies: 3
Views: 375

Post image iconForum: Personal Finance   Posted: Sun Feb 26, 2017 4:26 pm   Subject: What should I pay with my tax return?
As mentioned, the first thing is to fix your w4. If you're getting a refund on your taxes, then that isn't good money management. If you think you like getting a refund, then no one here can help you ...
  Topic: Pay off Mortgage or Invest in real estate?
christcorp

Replies: 3
Views: 599

Post image iconForum: Credit & Loans   Posted: Fri Feb 17, 2017 7:24 pm   Subject: Pay off Mortgage or Invest in real estate?
I sort of do/did a combination of what Oldguy and Nicholas are saying.

1. For my PRIMARY RESIDENCE which I live in; I want that paid off as soon as possible. You can handle getting laid off; fired; ...
  Topic: Gold and other valuable metals
christcorp

Replies: 15
Views: 3841

Post image iconForum: Money Watch   Posted: Fri Feb 17, 2017 5:19 am   Subject: Gold and other valuable metals
Actually; I've been waiting for you to share something. All you've said so far is:

"It is an investment". That's a comment; but it isn't sharing anything.

Of course you CAN INVEST in Gold and Si ...
 
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