At any bank out there, they absolutely love people like you, which means the bank will just take your house after they end up flipping it at least three times over once you run out of cash to cover the monthly payments🙂
I'm telling you, don't ever put your property up as collateral 🙂 🧐 not even if you're facing a medical emergency
So I apparently misheard about five or six people saying the bank was going to seize everything!🙂 👋
But hold on, it’s not like I can just stop making my payments. They usually tell you that you'll pay when you actually have the money. I guess that's why they bother with insurance in the first place.🤔
Back when a woman was helping me run the numbers for an attic renovation, she asked where I was getting the cash. I told her straight up I was going to put the house up for mortgage, and she just looked at me and said, "Oh, very smart," as if she's some kind of expert in the field! I wasn't being smart.
So, I must have misheard at least five or six people saying the bank is going to seize everything!🙂 👋
But hold on, it's not like I can just choose not to pay my installments. They usually tell you that whenever you actually have the cash, you can hand it over. I guess that's exactly why they bother with insurance in the first place.🤔
Back when a woman was helping me run some numbers for an attic renovation—it was quite a large space she asked where I was getting the funds from. I told her straight up that I was putting the house up as collateral, and she just goes, "Oh, very smart," as if she's some kind of financial expert! And honestly, I wasn't being smart at all.
At any bank, really—they absolutely love people like you, so they'll just take your house and then flip it at least three more times after that once you run out of cash to cover the monthly payments 🙂
I mean, don't ever go putting your property up as collateral 🙂 🧐 not even if you're dealing with a medical emergency
rowdybadger3 said:...Look, let's just cut to the chase here. People in this country don't seem to grasp the basic concept that if you have a company car, it’s strictly for business hours. Period. Anything outside of that isn't "company business"—it's a personal trip. $50000 So, if you were to buy a vehicle outright with cash and use it for personal stuff—basically treating it as fringe benefits—the company would be on the hook for a monthly tax of 1% based on the purchase price ($500). Now, if you're leasing, say, you're paying maybe $400 a month, whereas that 1% tax would only be about $3.50—which is a hell of a lot less than $500. Of course, people around here love to play fast and loose with the rules, driving those company rigs everywhere they go, even though theoretically, they're asking for trouble. Honestly, it all just comes down to how much the IRS actually decides to care about it... If anyone thinks I'm wrong, speak up now or just shut up forever.
You might be right, but there isn't anyone competent enough around here to confirm it, or maybe they just don't want to.😉
jademoose10 said:The reality is that while the internet is full of noise, it lacks the hard data needed for actual calculations.
Look, I’m clearly out of my depth here, so maybe you can walk me through this—what does a financial advisor actually do? 1. Are you just telling people where to stash their cash in a savings account? Or 2. Are you advising them on where to invest so they actually see a return and have enough to live on?
I don't have much use for whatever "insurance" or "savings plans" you're talking about; I'm strictly looking for something like option number two.😎
Go check out WebMD or maybe just search some medical forums, I actually had to dig through similar stuff recently and managed to find plenty of answers myself. Hang in there.