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What’s your retirement plan?

WhereWeAt

WhereWeAt

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IGotATreeOnMyHouse85 said:
I’ll have to check them out - Ramsey just comes off like a typical boomer, too much “these damn kids and their Starbucks coffee and avocado toast!”
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That's exactly how I arrived at Money Guys. Total opposite. Really positive and constructive. Instead of getting cranky when they hear something dumb, their reaction is, "Weeeelllll here's why I wouldn't go that route..." and go down the long term costs of these decisions.

But more than that, Ramsey is for people who are trying to climb out of toxic debt. If that isn't you, then he's excessively averse to risk and debt.

Ramsey would tell you to avoid a 30 year mortgage, but people who listened to that advice between 2010 and 2022 and waited missed out on some of the cheapest long-term debt they'll ever see. Think about the opportunity cost that fat fuck was responsible for.
 
Toast

Toast

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WhereWeAt said:
That's exactly how I arrived at Money Guys. Total opposite. Really positive and constructive. Instead of getting cranky when they hear something dumb, their reaction is, "Weeeelllll here's why I wouldn't go that route..." and go down the long term costs of these decisions.

But more than that, Ramsey is for people who are trying to climb out of toxic debt. If that isn't you, then he's excessively averse to risk and debt.

Ramsey would tell you to avoid a 30 year mortgage, but people who listened to that advice between 2010 and 2022 and waited missed out on some of the cheapest long-term debt they'll ever see. Think about the opportunity cost that fat fuck was responsible for.
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I agree money guts are way better. I assumed bacon was a crazy person in massive debt, hence that suggestion. Ramsey can be good for the behavioral problem people.
 
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Jack_Horner

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BonnieMcFarlaneMe2 said:
I can never tell if you’re actually the Cumtown guy or if you’re just goofing around.
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100% true

I borrowed three million dollars in 2020 and 2022

Now I can't unload any properties to save my life

At least I'm not "new" at this rodeo; I bought a house in 2008 and was underwater for nine fucking years. Sold it in 2018 for a profit of a whopping $35K.

To put in perspective how volatile real estate is:

1) I bought a house in 2008, sold it in 2018 for a profit of less than 10%

2) I bought a house in 2018 (using the proceeds from above) and netted $700,000 when I sold it, less than three years later

You win some, you lose some. Thank God I know the risks now.
 
BonnieMcFarlaneMe2

BonnieMcFarlaneMe2

❤️subscribe to the bon-fire❤️
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90,090
Jack_Horner said:
100% true

I borrowed three million dollars in 2020 and 2022

Now I can't unload any properties to save my life

At least I'm not "new" at this rodeo; I bought a house in 2008 and was underwater for nine fucking years. Sold it in 2018 for a profit of a whopping $35K.

To put in perspective how volatile real estate is:

1) I bought a house in 2008, sold it in 2018 for a profit of less than 10%

2) I bought a house in 2018 (using the proceeds from above) and netted $700,000 when I sold it, less than three years later

You win some, you lose some. Thank God I know the risks now.
Click to expand...
DM me the hotter daughter’s number then. I’m a scumbag and an alcoholic but *** damn I’m handsome.
 
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