โJan-19-2018 06:44 AM
โJan-20-2018 09:04 AM
NanciL wrote:Wow. I never knew that I wasn't ever "truly happy" the last 40 years. How do you do it, never owe a penny to anyone? Do you prepay your taxes? Your utility providers must use a different system than what I am used to. I am always billed ( meaning I owe them) for the previous month's usage. Do you also prepay for restaurant meals and the like? To me, never owing a penny to anyone seems like a lot of hassle. And saying people that do owe cannot truly be happy seems pretty dang judgemental to me.Jayco-noslide wrote:
i preach against financing anything but a home but not too many listen.
I'll second that and I am one of the ones who won't even finance a home any more.
My wife and I built our last two from the ground up.
A truly happy person is one who doesn't owe a penny to anyone
jack L
โJan-20-2018 07:11 AM
โJan-20-2018 05:04 AM
NanciL wrote:Jayco-noslide wrote:
i preach against financing anything but a home but not too many listen.
I'll second that and I am one of the ones who won't even finance a home any more.
My wife and I built our last two from the ground up.
A truly happy person is one who doesn't owe a penny to anyone
jack L
โJan-20-2018 03:55 AM
jplante4 wrote:1968mooney wrote:rk911 wrote:
only 13.3%?
Must be very conservative investments. Everyone I know made at least 25 percent on 1 mil. investment.
When you get old you dial back the risks and therefore the rewards. If your financial advisor is not advising you to do this, he/she is being reckless with your money.
โJan-20-2018 03:49 AM
Jayco-noslide wrote:
i preach against financing anything but a home but not too many listen.
โJan-20-2018 02:45 AM
1968mooney wrote:rk911 wrote:
only 13.3%?
Must be very conservative investments. Everyone I know made at least 25 percent on 1 mil. investment.
โJan-19-2018 05:09 PM
โJan-19-2018 04:15 PM
rk911 wrote:wing_zealot wrote:rk911 wrote:I had the exact opposite experience. Last year I made 13.3% interest on my money by keeping it invested, while paying 4.4% interest on the RV loan. A 9% payday for me.
as for financing...you're going to be much happier with a cash buy rather than payments hanging over your head. is it harder...well, it certainly takes a bit longer to save up the cash but it's worth it. we've done it both ways and find that overall we're better off and financially ahead by paying cash.
only 13.3%?
โJan-19-2018 04:04 PM
wing_zealot wrote:rk911 wrote:I had the exact opposite experience. Last year I made 13.3% interest on my money by keeping it invested, while paying 4.4% interest on the RV loan. A 9% payday for me.
as for financing...you're going to be much happier with a cash buy rather than payments hanging over your head. is it harder...well, it certainly takes a bit longer to save up the cash but it's worth it. we've done it both ways and find that overall we're better off and financially ahead by paying cash.
โJan-19-2018 03:49 PM
โJan-19-2018 02:50 PM
rk911 wrote:
with the reputation that CW has in terms of their sales gimmicks, ality of their rolling stock and post-sales service I'd be very, very hard pressed to buy an RV from them. lots of dealers, lots of RVs for sale. look elsewhere.
as for financing...you're going to be much happier with a cash buy rather than payments hanging over your head. is it harder...well, it certainly takes a bit longer to save up the cash but it's worth it. we've done it both ways and find that overall we're better off and financially ahead by paying cash.
if the OP must finance then, a) shop around; and, b) put enough down so that you will never be upside down on the loan for the entire time you expect to own the RV.
โJan-19-2018 02:49 PM
โJan-19-2018 02:41 PM
rk911 wrote:I had the exact opposite experience. Last year I made 13.3% interest on my money by keeping it invested, while paying 4.4% interest on the RV loan. A 9% payday for me.
as for financing...you're going to be much happier with a cash buy rather than payments hanging over your head. is it harder...well, it certainly takes a bit longer to save up the cash but it's worth it. we've done it both ways and find that overall we're better off and financially ahead by paying cash.
โJan-19-2018 01:19 PM