Wednesday New Year's Eve Eve Thread

[kobesgame]

morning all

house for sale on my street, just two houses down from me. Mrs Pnk is excited they're moving out. They're nice people, but always junk in their yard, they light off fireworks all summer, and other minor nuisance stuff. I tell her it could be a lot worse

Definitely could be worse. I could move in and send my kids over to your house all the time to bother you.

 

[redseat]

First advice I gave my kids on personal finance was to get to a point where there is no car payment. Pay cash. I understand the need for transportation, but borrowing money for something that depreciates in value is a losing proposition.

I was at that point then I pretty much was forced into buying a new vehicle since mine was at the point where the repairs would be more than the cars value but I have no problem paying my car loan at all

 

[PnkPanther]

Yeah people keep telling me to buy a condo.. I'm like, "no, they won't be sold for nearly what you paid for it and not many people want them." I get that "notion" that it is better to start off with a condo when it's your first time buying something but in the long run it truly isn't worth it.

Bright side of renting - I don't do any maintenance, if something breaks I call landlord and he pays to fix it at his expense (unless I did something completely wrong), there are no HOAs, No time wasted shoveling out driveway (only brushing off car).. Don't have to pay HUGE water/tax bills and I live in a 11 complex building where I know everything (ask me there names and I won't be able to do it because I am shitty with names but I will know they live in my building!)

well, i bought a condo in not so great area at the peak of over priced market.

I'm not against condos, and buying one can make sense, but it's not risk free and if you don't know how long you'll be there, might not be worth it

 

[basement bias]

That is very very true! I still have my health, family (albeit far away) and a job so I got that going for me...

best of luck! What are you looking to do?

I've been wanting to go back loan processing, but I've been out of it for 3 years or so. That doesn't seem to be favorable. If I get my second house sold for my asking price, I may find some part time gig or 2 and go back to school to get a teaching degree. I think the teaching degree would be the best bet for me after all this COVID is gone or manageable.

 

[PnkPanther]

Morning. Last work day until next Tuesday. Finishing up a few little odds and ends.

Wife has had sinus swelling for over a week. Thought it might have been a tooth abscess at first, but the dentist didn't find anything. Hoping she can see an ENT doctor today to figure out how to kick this.

Also, Little Guy is starting to get to "fun baby" stage. He's able to sit up and reach a few things. I was rolling a ball to him last night. Now, if we can just get him to get used to going to sleep before 2AM, that will be awesome.

not going to lie, I initially read anus swelling

 

[Kburjr]

I was at that point then I pretty much was forced into buying a new vehicle since mine was at the point where the repairs would be more than the cars value but I have no problem paying my car loan at all

Cool. I just advise against it. The best part about being debt free is that your money has 100% value. With debt, subtract your interest from that 100%. That is your opportunity cost.

 

[PnkPanther]

Definitely could be worse. I could move in and send my kids over to your house all the time to bother you.

they have a little guy, he's pretty cute

they have a dog that looks similar to murray, so he thinks Tucker and Murray are brothers

 

[redseat]

well, i bought a condo in not so great area at the peak of over priced market.

I'm not against condos, and buying one can make sense, but it's not risk free and if you don't know how long you'll be there, might not be worth it

yeah area is everything!

 

[Me]

morning all

house for sale on my street, just two houses down from me. Mrs Pnk is excited they're moving out. They're nice people, but always junk in their yard, they light off fireworks all summer, and other minor nuisance stuff. I tell her it could be a lot worse

Which NHLer is moving into this one?

 

[redseat]

I've been wanting to go back loan processing, but I've been out of it for 3 years or so. That doesn't seem to be favorable. If I get my second house sold for my asking price, I may find some part time gig or 2 and go back to school to get a teaching degree. I think the teaching degree would be the best bet for me after all this COVID is gone or manageable.

I would think in a few months that someone would hire your regardless of being out 3 years. You have the experience. Teaching would certainly work out... Always looking for those

 

[PnkPanther]

Cool. I just advise against it. The best part about being debt free is that your money has 100% value. With debt, subtract your interest from that 100%. That is your opportunity cost.

I have a more moderate stance on a car

If you need to take out an 8 year loan, you can't afford the car.

but I'm not a mizer that thinks you should buy an old civic and drive it until dies. But i made some mistakes with car purchases

 

[PnkPanther]

Which NHLer is moving into this one?

i cant imagine one would

 

[redseat]

Cool. I just advise against it. The best part about being debt free is that your money has 100% value. With debt, subtract your interest from that 100%. That is your opportunity cost.

If I wanted to I could pay the entire thing off today.... But I would have basically $7k left... But I don't want to put myself in that position. I still have other bills not to mention I would like to eat

 

[Me]

Don't go out on amateur nite. Will split a bottle of wine with the missus while we do a full audit of our finances while we eat lots of shrimp. Family tradition that dates back to when we started a family

Did my net worth a couple days ago

 

[Kburjr]

If I wanted to I could pay the entire thing off today.... But I would have basically $7k left... But I don't want to put myself in that position. I still have other bills not to mention I would like to eat

If you are comfortable with it, go for it.

 

[DJ Fieri]

Morning. Last work day until next Tuesday. Finishing up a few little odds and ends.

Wife has had sinus swelling for over a week. Thought it might have been a tooth abscess at first, but the dentist didn't find anything. Hoping she can see an ENT doctor today to figure out how to kick this.

Also, Little Guy is starting to get to "fun baby" stage. He's able to sit up and reach a few things. I was rolling a ball to him last night. Now, if we can just get him to get used to going to sleep before 2AM, that will be awesome.

Give him a little Nyquil about 20-30 minutes before you wanna go to bed.

 

[redseat]

If you are comfortable with it, go for it.

Not comfortable enough to only have $7K left in my checking and savings..

 

[Kburjr]

I have a more moderate stance on a car

If you need to take out an 8 year loan, you can't afford the car.

but I'm not a mizer that thinks you should buy an old civic and drive it until dies. But i made some mistakes with car purchases

I haven't had a car payment for 15 years. And my civic is an old F-150. Still gets me from point A to point B. We all have different values.

 

[Me]

First advice I gave my kids on personal finance was to get to a point where there is no car payment. Pay cash. I understand the need for transportation, but borrowing money for something that depreciates in value is a losing proposition.

Eh, it's not the worst thing in the world. I just keep to the 20/3/8 rule.

But I am going to try to pay myself "car payments" for future rides.

 

[basement bias]

I would think in a few months that someone would hire your regardless of being out 3 years. You have the experience. Teaching would certainly work out... Always looking for those

The openings in the area are on the low level. I could tell on the last interview they were looking for a teller or someone they could develop in an opening. They seemed scared off from my current salary. I don't think they did their due diligence before setting up the interview. I think they saw previous teller experience and skimmed over the loan processing above it. Plus it was a bigger bank in the area, and I came from a small town local bank where you did multiple jobs compared to one small role.