This Debt Stops 50-65 Year Olds From Retiring (not mortgage)

Рет қаралды 19,380

25 күн бұрын

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040(B)[Edited Surendra] This Debt Stops 50-65 Year Olds From Retiring (not mortgage)

Пікірлер: 139

@nicolasbenson009 22 күн бұрын

I’ve been diligently working, saving and contributing towards financial freedom and early retirement, but the economy so far since the pandemic has eaten away most of my portfolio, what I want to know is this: Do I keep contributing to my portfolio in these unstable markets or do I look into alternative sectors.

@BridgetMiller- 22 күн бұрын

Just try to diversify your portfolio to other market sectors, that way your investment is balanced and you don’t get to make so much losses.

@tatianastarcic 22 күн бұрын

Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.

@Michaelparker12 22 күн бұрын

I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?

@tatianastarcic 22 күн бұрын

Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.

@berniceburgos- 22 күн бұрын

I just looked her up on the internet and found her webpage with her credentials. I wrote her a outlining my financial objectives and planned a call with her

@nogames8982 23 күн бұрын

I am 54 years old. I paid off my student debt along time ago. So either people are not budgeting correctly or they took out a lot that they didn’t necessarily need. I watched people my age taking out loans so they could go on spring break every year. I never did that. So for some of these people, I really feel bad for their situation, and for others of them absolutely no sympathy at all.

@smitch2954 24 күн бұрын

I used the company tuition matching reimbursement program to get a Masters Degree. They paid 75% and I paid 25%. So very very thankful I was able to complete a degree with no debt!

@brucesmith9144 23 күн бұрын

I utilized a company-sponsored tuition reimbursement plan. The onus was on me to get good grades to get fully reimbursed. That worked well.

@jamesbielicke5422 21 күн бұрын

Same. I obtained a 2nd BA and a MA degree utilizing my company’s reimbursement program. I graduated with both degrees with zero debt. Was it hard? Absolutely - especially while working full-time and with a family. But, it can be done with support and a good strategy that doesn’t break the bank (going into debt), and doesn’t sacrifice your family’s well-being. My 2 cents. Good luck!

@DavidKaprielian 24 күн бұрын

I was working with Fidelity and recall a study showing the fastest growing cohort adding student debt are people 50-60 years old. They may be using the loan to finance their own education, but more likely using it to pay for a child’s education. Doing this is a clear barrier to a financially healthy retirement.

@ihopetospeed1 24 күн бұрын

Easy credit. Just because you qualify for the loan, maybe you shouldn’t do it.

@PorscheSpeedster-kz6nc 24 күн бұрын

I usually buy a two year old car and hold it for 10+ years.

@OroborusFMA 23 күн бұрын

I leased a new car in September 2019, the pandemic hit, my job went remote (and isn't going back), and after three years the car had 10,000 miles on it. I bought out the lease. Now I have a car that's 4 and 3/4 years old and it has 16,000 miles on it.

@av8rgrip 23 күн бұрын

@@OroborusFMAbut how much did the lease cost verses buying it new? See I buy the lease turn in and never pay the lease but get a nice 2 year old vehicle at 20k off.

@taze8230 23 күн бұрын

Me too, but buy at 3 to 4 years old.

@tmusa2002 23 күн бұрын

Just a guess, but I bet all you frugal car buyers do not have student loans you’re paying on either?

@PorscheSpeedster-kz6nc 22 күн бұрын

@@tmusa2002 debt is evil. Never had student loans, paid as I went including grad school. No scholarships but worked. Paid off my mortgage in 8 years and no credit card debt since 1993. You will be amazed how much wealth you can accumulate once all your debt is wiped out!!! Good luck.

@jonathanfoster2263 23 күн бұрын

I don't think the government should pay off student loans but if they do I would not blame anyone for taking advantage of that. I never went to college and I don't relish paying off other peoples debt who probably make twice what I make. But if you owe it you should start paying it off. stop being entitled to everyone else's money.

@zoner__ 23 күн бұрын

Agree. You bought it now pay for it. Forgiving debt distorts the economic decisions. Secondly, anything that's free is more likely abused. Ever take more than two napkins at a fast food place?

@tmusa2002 23 күн бұрын

Agree!! And these people think nothing of buying a $40-50K car! Drive a beater and pay off the damn loans instead. They’re dragging them out and ruining their financial lives.

@davidcastano5698 22 күн бұрын

I agree. Bankruptcy should also be abolished.

@ericmcgrane8000 23 күн бұрын

Student loan forgiveness is immoral and a lie. Nothing is forgiven...its simply moved from the person who signed the loan to some poor taxpayer who had nothing to do with the loan. Disgusting.

@charliebravo8954 24 күн бұрын

No student debt here! 🎉

@JimmieJohn 23 күн бұрын

The only thing worse than a fool is and old fool!

@exchangemigrate7951 23 күн бұрын

Pay oof your student loan debt. It is highly unethical and irresponsible to have other tax payers pay student loan that tax payers did not take out. If you want to do it right, give everyone who went to college and sacrificed their other obligations to pay for college. Getting tired of these woke democrat policies to get votes.

@RealWallyGator 24 күн бұрын

I think the student debt for the people over 50 is “Parent Plus” loans that are offered to parents to pay for the their kids’ tuition. I was offered this when my youngest started at a university last year. In fact they offered to give me twice what the tuition was. At 8% interest. I said no thanks, but I can imagine some parents taking this and now being stuck.

@derek2479 23 күн бұрын

Yes, "Parent Plus" loans are nasty. 4 or so years ago I took one for my child in her 2nd year of college. 8% interest in a 4% world back then. My wife and I paid it off almost immediately at a short-term cost, because we knew it would be a long-term liability. We were fortunate that we could.

@LupeBaptista 23 күн бұрын

From paying for day care and college, to managing mortgage payments. I'm approaching retirement yet inflation is getting worse. How can I generate more income to retire with at least $3m for long term care? I have about $800k in savings.

@FranciszekPawal 23 күн бұрын

We share common goal, making sure you are ready for your later years is very important. I'd suggest you consider financial advisory

@BenBak-wt7qi 23 күн бұрын

@HaroldsTKO congrats! once you hit a big milestone, the next comes easier.. who is your financial advisor if you dont mind me asking?

@bukki07 23 күн бұрын

thanks for putting this out, curiously inputted Katherine Nance Dietz on the web, and spotted her consulting page no sweat.. was able to schedule a call session with her, she actually shows a great deal of expertise

@philc.9280 24 күн бұрын

We are in our late 60's and still have a small mortgage left to pay. It wasn't our original goal but here in California the homes in our area are over $ 2 million so hence the balance remains for much longer than most. We have no other debt.

@eq2092 24 күн бұрын

Paid off what little student loans I had within 5-years of graduating. Only debt i got is my mortgage got 12 years left on it at a rate of 2.25%

@keitho64 23 күн бұрын

Very eye opening, thank you!

@markward7467 23 күн бұрын

So glad I graduated & refinanced my student loans before the government monopolized the market around 2005-2006. My interest was locked at 2.25% and paid off easily in 15 years. My payment was about the same as a utility bill of $155/mo for 20K loans I graduated with in 2000.

@robertthompson5908 18 күн бұрын

Azul: 1) emergency fund 2) fund your 401K 3) payoff non-mortgage debt. Dave: 1) emergency fund 2) payoff non-mortgage debt 3) fund your 401K. I strongly agree with Azul on the order of these steps, especially if your employer offers a match based on what you put in. As for avalanche vs snowball, I agree with Azul that they both make sense and you should do whichever works best for you. Dave is too rigid - he says snowball no matter what, even in an extreme case where someone has a bunch of low interest debts and one high interest, and the high interest one might not have the smallest balance but it clearly makes sense to pay it first.

@floydestelle6242 24 күн бұрын

Still goes back to responsibility. Nothing wrong with student debt if you have a focus of a quality degree. Way too many people are trying to get want degrees (things they think they want to do) and there is difference between an employable degrees!

@PositiveMommaLife 23 күн бұрын

Paying cash for my son’s cyber security degree. He, nor I, will NOT be a participant in this domestic bankers war.

@user-ig3kn2ly2x 23 күн бұрын

Azul.., was thinking. Idea: What is truly needed, is a Mock Retirement Simulation. One which Demonstrates, Exactly What The Future Looks Like for Each. This Way, Folks get to see EXACTLY how Well, or Just How Poor They Will be. My Retirement begins in Just 8 Summers... Unless I put certain Systems and Methods into place NOW.. I just realized my Plan kinda worked, AND kinda Failed Me. We SO need this now. Thanks, Azul 👍✌️

@M22Research 23 күн бұрын

Not indexing the Social Security tax income threshold for inflation was particularly egregious.

@williamread8186 23 күн бұрын

My opinion is that everyone over 60 should strive to be debt free especially including real estate. I failed miserably because of this and feel strongly obligated to work until 70 on account of this.

@JonesWilliams-tj1em 19 күн бұрын

*Amazing video, you work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires*

@iczemi 24 күн бұрын

Ouch! What the hell did they do all their lives?

@tmusa2002 23 күн бұрын

They were buying stuff, leasing nice new cars and not saying “no” to their kids.

@proudpatriarch9341 20 күн бұрын

My wife and I are 40 years old. We decided that despite us paying off our debt and working towards paying our mortgage off we are leaving our home country the United States and retiring in a country where our money goes further.

@tmusa2002 23 күн бұрын

AZUL, please tell people to drive an old car until their student loans are paid off. Tell them to ignore the minimum payment and pay a car payment amount to those loans and get it done in five years (as if it were a car).

@Growing-Our-Retirement 23 күн бұрын

Sounds like we are talking about parents with student loan debt for their kids. How foolish not to save for the kids college or send them to schools you can’t afford. There are other options!

@robertthompson5908 18 күн бұрын

Does this include parent Plus loans?

@JosephMcEntee99 24 күн бұрын

I'm trying to avoid new buys now in order not to get sucked into a bear trap. On the other hand, l'd love to know best possible areas and ways to invest amid downtrend, my goal is to retire comfortably at a ballpark of $1.2M

@debroahmorrow5919 24 күн бұрын

good luck! comfortable retirement all comes down to how you want to live your life, if you pinpoint a particular amount to retire with, then it's only right to plan with a well-qualified advisor

@leonardives1991 24 күн бұрын

I agree, the role of advisors can only be overlooked, but not denied. I remember few summers back, just after my awful divorce, I was in dire need of investing guidance to keep my head above water and thankfully, I came across someone of grit, helped a lot to grow back my reserve notwithstanding inflation, from $360k to nearly 7figure as of today.

@Elina_H 24 күн бұрын

great gains there! mind sharing details of your advisor pleas? i've started gaining more cash flow with my employment and looking at putting money into stocks and alternative assets that can help build wealth over time

@leonardives1991 24 күн бұрын

Jennafer Beaver Turner is the licensed expert I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.

@Elina_H 24 күн бұрын

Wow, I just typed her full name and came across her platform on the net, Truly thanks for bringing this to light will definitely reach out to her.

@untouchable360x 24 күн бұрын

It's your wife.

@scottjackson163 24 күн бұрын

😂 It’s true.

@ppw8716 23 күн бұрын

For me, it’s my kid, unfortunately. I’m hoping for better.

@funL1F3 23 күн бұрын

I literally saw the title and said the same thing! 😅 prenup boys!

@brucesmith9144 23 күн бұрын

Ex-wife

@H..M.. 23 күн бұрын

😂

@user-jn9gv9ve6e 22 күн бұрын

i paid for my college as i went along and didn't borrow money. i am 70 now and have never borrowed money for anything. so if they owe off to work they go. i don't feel sorry for them.

@scottgibson7893 24 күн бұрын

Does this include parents and grandparents that took out parent loans to put their kids through school? I’m guessing it must. We’re 53 and in pretty good shape except for the very large parent plus loan my wife took out to put my stepson through school before we got married.

@markbeardmore4385 23 күн бұрын

I recently asked my older brother why he waited until age 68 to retire ( I retired at 58). He said he'd finally paid off his med school loans and finally felt comfortable retiring.....:-)

@mollygiovanna1095 19 күн бұрын

Is it student loans people took out for their children? One of my coworkers told me and she was embarrassed she co-signed a student loan for her daughter at the tune of $83000 and she had not graduated yet!

@glensmith491 24 күн бұрын

I've seen student loans that all sources (including a mortgage investigator) except one thought was paid (the investigator for the farm bureau for 0 down rural loans). Many of the seniors who owe student loan debt is due to how interest was capitalized in a way to insure that the person would always be paying. Fortunately, predatory loan practices such as this are actually already subject to loan forgiveness (though you have to know that). Upshot, you may have student debt and not know it. The loan outstanding was actually capitalized interest at late 70s rate over a 30 year period. The base loan had been paid off but the last payment which would have been a couple hundred was apparently never 'billed'.

@hanwagu9967 23 күн бұрын

Actually, the debt preventing from retiring is parental guilt debt. Over 60% of boomers are subsidizing their adult children at the expense of the boomers' retirement and retirement savings.

@MelsDiner115 23 күн бұрын

Am very surprised with alot of student loans for over 50 yr Olds. Am assuming they keep deferring payments until after they're 40s, or maybe there are a lot more professional students than expected.

@xlerb2286 23 күн бұрын

School used to be a no-brainer if you were a "book learning" person. I thought I had a huge student loan balance when I got my Master's in Comp Sci, it was around $15K if I remember right. Dollars were a bit bigger then, and it did take awhile to pay it off. But the degree I got was what allowed me to have such a good career, both financially and doing work I enjoyed. And no way could I have gotten that degree working part time. The course work was intense and there were always more projects than you could fit into a week. One of the best decisions I ever made with respect to investing and career.

@JasonBlaha66 23 күн бұрын

They ain’t forgiving that debt

@JSMZeez 23 күн бұрын

What the heck is wrong with people. Who would carry that debt for so long?

@brucesmith9144 23 күн бұрын

Some people have gone back to school late in life to improve their skillset for the workplace.

@joekeegan-yc4nm 23 күн бұрын

My silly daughter.

@davidcastano5698 22 күн бұрын

no judgmental there

@joekeegan-yc4nm 22 күн бұрын

@@davidcastano5698 ❤️

@rodrigok1220 23 күн бұрын

No student debt here… I also put 2 of my three kids through college with no student debt. Working on the third now. Student loans wreck you financially. Didn’t want my kids to have that burden. Hopefully, they do the same for their kids. It’s a huge advantage not having that additional debt, especially with housing prices at an all time high.

@suespony 24 күн бұрын

I know a guy that has master's degree, he didn't pay off his student loan till age 57, now he is 63, told me he has no choice, he has to work till 67. He works at a university in my area of upstate NY, he also told me he only gets paid around 60 k a year, and this private university has no retirement plan for him. Pretty sad

@OroborusFMA 23 күн бұрын

Grim.

@tmusa2002 23 күн бұрын

Dude should have moved on to a better job a LONG time ago.

@anderspedersen6750 23 күн бұрын

but but. Having a fun fast car is so much fun!!! (Was me until a few years ago, 4 years with no car loans driving a boring used hybrid)

@MidlifeCrisisManagement 24 күн бұрын

most folks didn't have the foresight (or couldn't afford) to open 529 accounts for their kids and grandkids and fund them as they were growing up. we're seeing college enrollments tapering off because of the cost.

@aprlk 24 күн бұрын

just a dent for ivy league

@tmusa2002 23 күн бұрын

We thankfully had them but not fully funded, then my 2nd kid (of two) graduated a year early which hurt the plan. It got one kid through and one kid partway through. We’re cash flowing now thanks to a couple of scholarships. Funny/sad story: my in-laws would occasionally brag to friends about the college fund they had for them. When the time came I didn’t expect a lot, maybe $5K was my wild guess. They’d been saving 18 years after all… The “fund” was $300; $150 for each kid. Not sure what happened there! Oh, well. Just one of those things!

@MidlifeCrisisManagement 23 күн бұрын

@@tmusa2002 😂 the thought of anyone bragging about that. good on you for doing 529s and not throwing your kids onto the financial trash heap of life. 👍

@MidlifeCrisisManagement 23 күн бұрын

@@aprlk Harvard costs about $80k/year all-in now, but most students have truly massive scholarships.

@tmusa2002 23 күн бұрын

@@MidlifeCrisisManagement Yes, I knew not to expect a lot, but $300… it was a true shock. Anybody reading this: Give willing grandparents access to donate to the 529 so you can see what is/isn’t in the fund. ✅

@user-mad7max11dystopia 23 күн бұрын

George Carlin told us about this. How the owners of this country would own us and sooner rather than later. It’s like the old Tennessee Ernie Ford song said, I owe my soul to the company store. Higher education became the minimum if you wanted to be successful outside of trades. If everyone went and half graduated you needed more professors more grad assistants bigger buildings. Who would pay? Who always pays? Us of course. You didn’t think billionaires who benefited would have to pay did you? And George said, next they’ll come for your Social Security. And they’ll get it. Cause they own you and they don’t give a fuck about you. Guess what? Medicare is already going away, replaced by Advantage plans that lure you with temporary low premiums and bogus gym memberships then deny needed services so you die sooner. Sorry.

@jfalbo 23 күн бұрын

Why pay it off when......🤬. I worked my way through college. 🍭

@DistractedDaisy 23 күн бұрын

Do. You realize the money you could save from giving up you cell phone plan. 40x. 12 x 40 years and that does not include upgrades. That’s 20k, what if you ate married! 40k. Then you have internet, subscriptions, car insurance, gas and fees! That’s over 150 k you could have for retirement! Early retirement!

@nickdinnen4667 23 күн бұрын

Wow that’s crazy! I’m always amazed how the US higher education system works. Unfortunately the UK seems to followed in recent years. I went to University in early 1990s for my Graphic Design degree. My parents gave me £1,000 a term living expenses (for food and rent) so about £9,000 over the three years. My local government’s education budget paid the courses £3,000 a year course fees. I worked my Summers to pay for my big expenses like Mac computer and SyQuest drive (£2,500) Graduated at 22 years old with less than £500 student debt and still had £1,500 emergency fund and did not take a student loan. Back then £1 equalled approximately $2 USD.

@rodrigok1220 23 күн бұрын

I graduated in the 90’s as well. No student debt. My dad paid tuition, I lived at home and worked to pay anything additional… books, clothes, gas, food, etc… it all comes down to choices. Yes, I’d prefer to not commute, but not at the expense of going into debt.

@peekstr 23 күн бұрын

Don't borrow for a useless degree!!! My daughter borrowed for a PA degree. 75K. Paid it back in 7 years.

@michaelblock3998 23 күн бұрын

Paid mine and my daughters loans in my name off long ago. I am paying off the remainder of my daughter’s loan, balance on $2600.00

@kckuc310 24 күн бұрын

Wow!

@kellyswolfe 24 күн бұрын

Are public service pensions federally taxed?

@280zone 24 күн бұрын

The people I know that have them (state/municipal pensions) are.

@kellyswolfe 23 күн бұрын

@@280zone Thank you I was so curious.

@brycegardner6171 23 күн бұрын

Shouldn't we be looking at median loan balances? I mean the that's how you choose to look at accumulation amounts (401k balances, net worth, etc). I'm sure this is based on what data is available, but it feels like you are over stating the debt and understating the savings just to make things look worse. I want to see the same measure.

@erichearduga 24 күн бұрын

Yikes! Student loan debt in your 50s... I'm glad I paid off all of mine the 1st 3 years out of school. (How much of that debt is for kids and grandkids?)

@Breezeyogi 24 күн бұрын

Stop bragging. You didn't do it alone.

@aprlk 24 күн бұрын

it’s for kids I guess

@glensmith491 24 күн бұрын

@@aprlkno, it is usually for their own education. Remember, rates on student loans back when I was in school were upwards of what credit cards are today. Many student loans in the 70s and early 80s were actually designed so you would never pay them off.

@nogames8982 23 күн бұрын

Parents should not pay their kids way through college or take out loans in their name. Absolutely don’t do it. If the kid wants to college, let them work for it, take out the loans, etc. May be a little help now and then it’s OK but there’s no law that says parents have to pay for college.

@MarkBush-en5cz 24 күн бұрын

I got a military deferment then paid off the whole balance within the time period for no interest. The amount $3,600, one year of tuition. 1,000 hours of then minimum wage. People not paid off by 35 years old got a useless fuckwit degree for some made up or social studies major. Instead of eliminating debt the US Government should cap interest rates at 4%. Then you could work it off. Economics is taught in 7th or 8th grade when students don't give a fuck and hate the terminology. Economics should be a practical subject taught each year through Jr. High and High School.

@jeffraines414 24 күн бұрын

How TF does a college graduate hold student loan debt into their 50's? I have a masters from a top 10 university and had my loans paid off before I ever reached 35🤔

@DeathsquadDemongods 23 күн бұрын

You either get a good job and can pay it down in a reasonable time... or you dont, and dont pay the full amount because you cant afford that much and have a balance that grows forever.

@jeffraines414 23 күн бұрын

@@DeathsquadDemongods A good Job? That's the point of going to college.... If you go to college without a plan for employment, then you deserve what you get. I worked in a factory for 5 years before deciding on which path to take.

@DeathsquadDemongods 23 күн бұрын

@@jeffraines414 Agreed. But there are lots of 18 year olds who dont know better not to take out 80K for a philosophy degree, as well as others who take a sensible major, but fail to obtain employment that allows them to pay their loan back.

@jeffraines414 23 күн бұрын

@@DeathsquadDemongods very true

@donnanorris4733 23 күн бұрын

I retired 3 years ago thinking my student debt would be forgiven. Supreme Court shot that down. I work part time now and guess what? Paying down student loan debt. Debt forgiveness won't happen. I was a non traditional student went back to college after divorce.

@johannesswillery7855 23 күн бұрын

Biden forgave some student loan debt. The Supreme Court hasn't shot that down.

@glennet9613 23 күн бұрын

Are new cars becoming more expensive or are people buying more expensive cars?

@hanwagu9967 23 күн бұрын

they are becoming more expensive. You also had covid related "market adjustments" which drove prices higher and are still being employed by dealerships, despite dealerships sitting on huge inventories (primarily the Big 3 car dealerships).

@aprlk 24 күн бұрын

It’s for Kids and grandkids dude. Come on. They are called parent loans.

@tmusa2002 23 күн бұрын

I wonder if there’s a breakdown of how many are Parent Plus loans. No way will I get one of those. If it comes to that my kids are quitting college.

@Breezeyogi 24 күн бұрын

Wisen Up: 1. Always buy a used car - Toyotas and Hondas of 100,000 miles are fine. 2. Only biy shoes and clothing at Thrift Shops where shoes. Pants, shirts, eyc cost under $10. 3. Patronize food pantries. 4. Get rid of cable. 5. Learn to cook and eat out onky on soevual occassions. 6. Forget living on a golf course - how 😴 boring. Keep an enjoyable partime job FOREVER, or go to school to learn a new cool skill you enjoy and can "sell" to make some extra money so you can preser e your capital or simply bri g some extra income across your door seal. I went back to Mortuary School in my 60's to learn how to do Embalmings on a 1099 trade basus a few times a week when i feel like it. I very much enjoy it. Pats $400 a pop for 2 hours of work i enjoy....; there are tons of other small hustles like this out there.

@tmusa2002 23 күн бұрын

Thanks for sharing. My daughter is currently a Mortuary Science major. 😊

@joshhoodrat451 23 күн бұрын

If student loans are such a bad thing that the government needs to forgive them , then why is the government still making student loans with taxpayer money, only to forgive them later ?

@glennet9613 23 күн бұрын

Exactly, that just encourages people to take out bigger loans and delay paying them off and colleges to increase fees.

@miken7629 24 күн бұрын

I had invested in Sallie Mae bonds in 2006 because I wanted to support students, students could not default on student loans, got 6.25% on triple A bonds back then. Then the government decided to fix student loans with unlimited funds, college tuitions rose exponentially since government provided unlimited funds, college administration got million dollar salaries, my AAA Sallie Mae bonds went to junk status. Stuck with my Sallie Mae bonds even though they dropped to really low market values, they consistently paid monthly interest, will mature in 2029 and I should get my principal back.

@MGTOWmademeMillionaire777 24 күн бұрын

A wife!!! Is worse than a debt! Is a endless expense! Mgtow made me rich 🎉

@gentrybrown2032 24 күн бұрын

Facts

@vincentslusser9205 23 күн бұрын

About $17k balance on a student loan for me at 4.25% interest rate. No hurry to pay it off. Money markets and CDs are liquid and earning significantly more than paying the loan off. But others have challenges to consider. I am 55 y.o. I purchased a new Toyota Venza (hybrid) in December. That car was $42k out the door. I paid cash for the Venza (with a $15k 401k loan spread over 5 years). Do I "need" the Venza (??) No. But I love it like I love my home and other items. I had plenty of economic cars in my life starting from a 1973 Chevy Vega that I purchased for $700 back in the day.