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#2551 | |
TACO SALAD
Join Date: Apr 2008
Location: yes
Casino cash: $1318468
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![]() It looks like we have a really good shot to finish as the 2nd worst December in history. 1930 was down 7.x%. We're currently down 12.x% so we'd need quite a recovery in the last few days. 1931 was down 14.x% so it's actually within reach. Pulling out a single month is a bit arbitrary but I think it's sort of amazing we're on pace to finish sandwiched between two years of the great depression. |
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Posts: 5,938
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#2552 |
In Search of a Life
Join Date: Jul 2009
Casino cash: $2354064
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Hamas, I’m no expert on this by any means but I was in a similar spot with loans and such.
I would recommend paying as much as you can towards the debt repayment as you can. Don’t forget about retirement obviously, but getting out from under that will help alot |
Posts: 81,573
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#2553 | |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $1240477
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Quote:
![]() How about a list of 5 stocks to invest in this January. |
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Posts: 40,470
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#2554 |
Why so serious?
Join Date: Dec 2016
Location: Chicago
Casino cash: $1960415
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Posts: 12,419
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#2555 |
Now you've pissed me off!
Join Date: Jan 2006
Casino cash: $7919572
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Agreed.
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"When the Know-Nothings get control, it will read 'all men are created equal, except negroes, and foreigners, and Catholics.' When it comes to this I should prefer emigrating to some country where they make no pretense of loving liberty – to Russia, for instance, where despotism can be taken pure, and without the base alloy of hypocrisy.”--Abraham Lincoln |
Posts: 74,859
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#2556 |
Kind of a mod
Join Date: Aug 2005
Location: Donkey Land
Casino cash: $1546899
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Posts: 52,035
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#2557 |
TACO SALAD
Join Date: Apr 2008
Location: yes
Casino cash: $1318468
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I hate debt; It feels like a huge weight youre under and stresses me a bit. From a strict numbers perspective it probably depends on the rates on your loans.
Either way, congrats. It's a lot of money to pay back but seems to have provided you with a great career. |
Posts: 5,938
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#2558 |
In Search of a Life
Join Date: Jul 2009
Casino cash: $2354064
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Those fed loans are a real pain in the ass at 7.2 percent.
I went them a private bank and re did them once I had my office paid for and got the rate a lot lower. |
Posts: 81,573
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#2559 | ||
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $1421900
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Quote:
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And this is basically it. Don't pass up any free money so do the minimum contribution to get all the free money, so 5%. After that, tackle debt. If you have any credit card debt, I'd start there. After that, work on the student loans and possibly refinancing them to a lower rate if you're able (not sure what you're paying). I had $60k debt after my schooling so I only contributed 4-6% to my 401k (to get the entire free match) until I paid off my student loans last year. Now I do 12% to my 401k and it's barely noticeable out of my take-home with the loans now gone, even leaving money left over to contribute to a ROTH IRA each month. Hopefully your employer offers cost effective index funds for your retirement plan. I am invested in only Index funds alone in my 401k (Large, small and foreign). Many companies finally offer low cost index funds, but there are still some hold-overs of employers who offer expensive and less than ideal retirement funds. Let us know your choices when you get that info. |
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Posts: 45,698
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#2560 |
Champs!
Join Date: Mar 2004
Location: Kansas City
Casino cash: $5698476
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Ugh. Definitely a Bear market.
I feel bad for the folks who are about to be retiring. Thank god my father retired just in time.
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Posts: 53,228
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#2561 |
NFL's #1 Ermines Fan
Join Date: Jul 2001
Location: My house
Casino cash: $2838491
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I wish every day could be like today.
If we had 26 straight days like today, I could retire at my current quality of life. If we has 40 straight days like today, I'd live a life of leisure and semi-luxury. If we had a year of days like this, I'd buy the Chiefs and make fun of Bill Gates' cheap wardrobe.
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I'm putting random letters here as a celebration of free speech: xigrakgrah misorojeq rkemeseit. Last edited by Rain Man; 12-26-2018 at 04:06 PM.. |
Posts: 141,827
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#2562 |
Roy E.
Join Date: Sep 2005
Location: Olathe, KS
Casino cash: $11479646
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Posts: 22,805
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#2563 | |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $1240477
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Posts: 40,470
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#2564 | |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
Casino cash: $2291110
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"The only difference between sex for free and sex for money is that sex for free costs you a WHOLE LOT more!" ~Redd Foxx~ ![]() "The men who drafted Patrick Mahomes" ![]() |
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Posts: 50,945
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#2565 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $1421900
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Quote:
For now if I want to make extra money, I'm doing the hourly therapy gig at a different building if they need help. Since it's PRN work, the pay is very good and I just tell them how many hours I can help on that day. Like tomorrow I'll go down the road to a different facility for about 90 minutes of work after my normal job. For me right now, time is money, so if I am going to do something outside of work, I want it to pay well. But I do understand the thought of doing something totally unrelated for a second job and how that can be rewarding as well. You never know what the future may bring! |
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Posts: 45,698
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