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Viewing profile - debtfree

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debtfree
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Joined: Mon May 12, 2008 6:37 pm
Last visited: Sat May 21, 2011 12:12 pm
Total posts: 368
[0.42% of all posts / 0.13 posts per day]
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Most active forum: Personal Finance
[ 343 Posts / 93.21% of user’s posts ]
Most active topic: Young investor, confused!
[ 10 Posts / 2.72% of user’s posts ]

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debtfree Posts

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 Forum: Personal Finance   Topic: prenuptial agreement

 Post subject: Re: prenuptial agreement
Posted: Tue Mar 01, 2011 8:30 pm 

Replies: 44
Views: 6587


Stay single. Trust me, just stay single.

 Forum: Personal Finance   Topic: Vanguard RIRA Transfer

 Post subject: Re: Vanguard RIRA Transfer
Posted: Fri Feb 18, 2011 10:41 am 

Replies: 3
Views: 1071


Thanks for the quick response! :D Getting your answer here is one option, but Vanguard has great CS and will give you the best answer. I call Vanguard every time I have a technical question and they are always very helpful.....and much more accurate since they have all the details of your situation.

 Forum: Personal Finance   Topic: Rules for Paying off Credit Card Monthly?

Posted: Wed Feb 16, 2011 11:01 am 

Replies: 18
Views: 3130


Welcome and congrats on getting debt free, you won't regret it! In regards to your question, you are over-thinking the credit card thing way too much. After years of not using a credit card I too use a credit card b/c of both convenience and the rewards, then I pay off the card each month. Whether y...

 Forum: Personal Finance   Topic: Buying New Car for Better MPG even if I still Owe Money??

Posted: Wed Feb 09, 2011 8:57 pm 

Replies: 39
Views: 6535


Also, let's say you're new car makes 40mpg (which it won't). So essentially your gas costs will decrease by 50% per month since your old car made about 20mpg. So, if you're spending $300/month now, then you'll save $150/month. ($150/month X 12 months = $1,800 per year savings) If the Hyundai dealer...

 Forum: Personal Finance   Topic: Buying New Car for Better MPG even if I still Owe Money??

Posted: Wed Feb 09, 2011 7:21 pm 

Replies: 39
Views: 6535


Also, let's say you're new car makes 40mpg (which it won't). So essentially your gas costs will decrease by 50% per month since your old car made about 20mpg. So, if you're spending $300/month now, then you'll save $150/month. ($150/month X 12 months = $1,800 per year savings) If the Hyundai dealer ...

 Forum: Personal Finance   Topic: Buying New Car for Better MPG even if I still Owe Money??

Posted: Wed Feb 09, 2011 4:06 pm 

Replies: 39
Views: 6535


I bought it used in 2006 with a 5 year loan. At that point, it was 3 years old already. I was thinking of getting a used Prius, but they are quite expensive and costs the same as the new Hyundai Elantra. So I figured might as well get a new car. I really want a dependable car that I can just put ga...

 Forum: Personal Finance   Topic: Question about Lending Club investment returns?

Posted: Mon Feb 07, 2011 9:35 am 

Replies: 25
Views: 8748


Thanks for all the thoughts guys. I think for now I will hold off on investing any money in p2p. I was thinking of allocating some of my large emergency fund (kind of like laddering CD's) into the 36-month LC notes, but I think I'll keep things a little more liquid for now. I will definitely be foll...

 Forum: Personal Finance   Topic: Question about Lending Club investment returns?

Posted: Thu Feb 03, 2011 10:58 am 

Replies: 25
Views: 8748


I was curious about these kinds of peer-to-peer lending so I have been researching them. To answer your question, normally the 10% is APR meaning you get paid 10% of the principal outstanding each year. But since the principal is declining as the loan is paid off you don't actually get $10 per year...

 Forum: Personal Finance   Topic: Question about Lending Club investment returns?

Posted: Thu Feb 03, 2011 10:36 am 

Replies: 25
Views: 8748


I've never used Lending Club or site like it myself, so maybe I am missing something? Prosper takes a 1% cut and they do the management of the loan. I don't know why anyone would pay a 1% fee. You can invest in a high yield bond fund for a lower fee and get much better risk-reward ratio. My take on...

 Forum: Personal Finance   Topic: Question about Lending Club investment returns?

Posted: Thu Feb 03, 2011 10:31 am 

Replies: 25
Views: 8748


Just looking at the site without delving too depp, that 10% would be an APR. APR being annualized percentage rate. So the 10% is the amount returned per year on the loan. I'm sure lending club takes a cut out of this, or charges a fee or something, so the real ROI is probably less than that. The pr...

 Forum: Personal Finance   Topic: Question about Lending Club investment returns?

Posted: Thu Feb 03, 2011 10:01 am 

Replies: 25
Views: 8748


I've been researching possibly getting into investing in Lending Club (lendingclub.com). They report high "annualized returns" and I know that differs from other return of investment (ROI) equations. My question is about the monthly returns. I understand they take all the money out of your...

 Forum: Personal Finance   Topic: Help with IRA

 Post subject: Re: Help with IRA
Posted: Tue Feb 01, 2011 8:01 am 

Replies: 37
Views: 5792


Study up A BUNCH on investing. Then study some more. Then take your money to Vanguard and get a Targeted Retirement fund. Set it and forget it. That's fine advice. But the OP has a plan through an employer. Vanguard does not seem to be an option. So the task at hand is to help him select the best (...

 Forum: Personal Finance   Topic: Requested a House Showing

Posted: Tue Feb 01, 2011 6:48 am 

Replies: 13
Views: 1738


No, you will never have to pay to see a house. As an aside, I think real estate agents are some of the shadiest, sketchiest people out there. I put them below commission-based Financial Advisors. When we bought our house, our agent got her 2% commission, which worked out to $7,300. She showed us ma...

 Forum: Personal Finance   Topic: Help with IRA

 Post subject: Re: Help with IRA
Posted: Tue Feb 01, 2011 6:43 am 

Replies: 37
Views: 5792


Study up A BUNCH on investing. Then study some more. Then take your money to Vanguard and get a Targeted Retirement fund. Set it and forget it.
Page 1 of 25 [ Search found 368 matches ]




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