leroydb 0 #1 August 3, 2003 i owe 10k total debt.. 5 k on a bike 4 k on a car 1 k student loan Should I pay off the car or bike first, assuming that I have the money to do so.. . . .Leroy ..I knew I was an unwanted baby when I saw my bath toys were a toaster and a radio... Quote Share this post Link to post Share on other sites
skydiverbrian 0 #2 August 3, 2003 Screw 'em! Go to a boogie! In a world full of people, only some want to fly... isn't that crazy! --Seal Quote Share this post Link to post Share on other sites
Cornholio 0 #3 August 3, 2003 $10,000 ?? HA!! I should only be so lucky. I'm somewhere around 67,000 and only about 1-2 grand is skydiving related. From the top of my head... School - 22,000 (haven't started paying on this one yet) Truck - 18,000 CC's - 15,000 Other loans - 12,000 est. (mostly family related - I have lots of time to pay these back) Gosh, I'm broke... The good news is that my house is paid for !! Thanks Mom! Butthead: Whoa! Burritos for breakfast! Beavis: Yeah! Yeah! Cool! bellyflier on the dz.com hybrid record jump Quote Share this post Link to post Share on other sites
freakous 0 #4 August 3, 2003 Pay the one off with the highest interest rate! Ideally, if you own a home than take out a equity line of credit or Home equity loan. Role all these amounts into that loan. Now you can deduct the interest you pay on your taxes. Of course if you are renting then this is a moot point, but still pay the one off with the highest interest rate. Quote Share this post Link to post Share on other sites
squirrel 0 #5 August 3, 2003 careful on rolling all that debt against a house...if you default they now can take your house. go out a get another job, or 2 more...and stop buying autos on credit! buy something that will apreciate...duh...what did you learn in college. for 60 grand, i mortaged 9 rental houses in florida...if you did not learn how to make money in college...go back to school, or get a refund. ________________________________ Where is Darwin when you need him? Quote Share this post Link to post Share on other sites
Blahr 0 #6 August 3, 2003 Hahahahaha! Man! Just wait till you have kids! Or even worse, an ex-wife with your kids living with her. Quote Share this post Link to post Share on other sites
leroydb 0 #7 August 3, 2003 apparently you dont persuse this area much.... I am in the military and am deployed to afghanistan... So it would be a tad difficult for me to get a 2nd job.... unless I became a man whore for the afghan women. We all know most of the men here are fags.... (the news says that its their culture) . . . . .Leroy ..I knew I was an unwanted baby when I saw my bath toys were a toaster and a radio... Quote Share this post Link to post Share on other sites
squirrel 0 #8 August 3, 2003 maybe they should listent to rave ramsey daveramsey.com ________________________________ Where is Darwin when you need him? Quote Share this post Link to post Share on other sites
squirrel 0 #9 August 3, 2003 yeah...a gay whore...that would be tough...sell off some debt, live light for awhile... or hell...see how much you can rack up...seems to work for some people. best of luck. ________________________________ Where is Darwin when you need him? Quote Share this post Link to post Share on other sites
squirrel 0 #10 August 3, 2003 not to rag on you...but 90% of your debt is based on self pleasure. which, if that is your way, ok. but lets say you put that 9 grand down on a house...rented it, then enjoy the fact that someone else if buying your house. be safe over there... ________________________________ Where is Darwin when you need him? Quote Share this post Link to post Share on other sites
leroydb 0 #11 August 3, 2003 Quotenot to rag on you...but 90% of your debt is based on self pleasure. which, if that is your way, ok. but lets say you put that 9 grand down on a house...rented it, then enjoy the fact that someone else if buying your house. be safe over there... take into account what my car bill used to be and what other debt I have had.. Being in afghan for a collective year has allowed me to be a good consumer and pay all my credit cards, store credit, and other misc debts. So, as I have been working towards all along, I will continue to pay off my bills as stated and once they are paid I will devote most of my extra cash into a few diff investments. Of course leaving me 300-500 for jumping per month..... woooooo hooooooooo Now if I can start videoing for money I can devote even more money into investments.... . . .Leroy ..I knew I was an unwanted baby when I saw my bath toys were a toaster and a radio... Quote Share this post Link to post Share on other sites
squirrel 0 #12 August 3, 2003 good good...your on your way...no worries ________________________________ Where is Darwin when you need him? Quote Share this post Link to post Share on other sites
wmw999 2,593 #13 August 3, 2003 If you really really want to keep both the bike and the car, pay off the car, because you're more likely to actually need it when you get back. A paid-for car is a wonderful thing. And you're doing awesome. Wendy w.There is nothing more dangerous than breaking a basic safety rule and getting away with it. It removes fear of the consequences and builds false confidence. (tbrown) Quote Share this post Link to post Share on other sites
leroydb 0 #14 August 3, 2003 thanks, I am trying to be the responsible consumer... I am looking at trying to have 125k minimum before i retire around 60 . . . .Leroy ..I knew I was an unwanted baby when I saw my bath toys were a toaster and a radio... Quote Share this post Link to post Share on other sites
freeflir29 0 #15 August 3, 2003 Quote I am looking at trying to have 125k minimum before i retire around 60 Debt or cash? Quote Share this post Link to post Share on other sites
