CheckEmoji Community · the emoji forum
🏠 Home 🆕 What's new ❓ Unanswered 🔥 Popular 📡 RSS Members 👥 0 online log in · register
Home › goldenwolf13 › Posts

Posts by goldenwolf13

15 posts shown.

Starting a small business in Business, Accounting & Taxes ·
Just a couple of things I'm chewing on here:

1. So, if someone who already has a full-time job opens up their own small business—and they fully intend to keep their current gig too—they end up covering those extra social security percentages on top of their base pay, right? Well, my question is about the freelancers or independent contractors hired by that new business. If those contractors are also already employed elsewhere, what’s the deal with their contributions? Do they have to pay them, and how much are we talking about?

2. I'm trying to wrap my head around the terminology used for sole proprietorships versus corporations. In a standard corporation, you talk about revenue and then profit. But in a small business setup like this, is "income" essentially the equivalent of what a company would call its profit? Or am I just getting my wires crossed?

3. Following up on that last thought—when it comes to the year-end totals for these types of businesses, are we looking at everything invoiced throughout the year, or only what has actually been collected? Basically, does the math focus on recorded revenue and expenses, or is it strictly based on actual cash flowing in and out?
Starting a small business in Business, Accounting & Taxes ·
A few quick questions for the group:

- If a sole proprietorship is registered to someone who already has a full-time job where their payroll taxes are being handled regularly, they don't need to pay those same taxes through the business, right?

- Is it actually possible for a small business to pay out stipends or fellowships?

- When hiring independent contractors, which specific taxes and contributions am I responsible for paying on their behalf?

Thanks in advance, 🙂
Banking by Donald Trump & Gotham City in Banking, Insurance & Loans ·
Maria Thomas48 said:That is just a crude example which basically means: We cannot have every single citizen be successful (meaning they save money or cover their costs through their labor) because that is impossible right now. And that has absolutely nothing to do with work ethic; it's about how money is regulated within the country.

Take your own family as an example. If you were all trading within the family, how would you manage to make sure everyone covers their expenses from their work, and some even manage to save? It is an impossible mission without adding more money (either via an outside influx or by issuing it yourselves).

If you can't figure out the money regulation for your own working family, why do you think it works for the entire country?

I mean, it’s pretty obvious that not everyone is going to be equally successful, right? And honestly, why would they be? It just doesn't make sense. We aren't all built the same way—some people are tall, some are Black, some are born with disabilities—so why on earth would we expect everyone to turn out exactly the same? I guess it’s just human nature.

I honestly don't follow the logic here. In an era where the flow of capital, people, goods, and services is operating at a level that felt like pure science fiction just fifty years ago, why on earth would any nation try to chase autarky? Closing borders and retreating into isolationism just doesn't make sense anymore. Which country can actually afford to do that? Not one. Not the USA, not Japan, not some small developing nation—absolutely nobody. Yet, you seem stuck on this idea of a closed system and you just won't let it go. I suppose red_shrike made a decent point about zero-sum games, but that concept doesn't really apply to modern international trade, nor does it hold up when you look at total state economic activity, if you can even call it that these days.

Maria Thomas48 said:So now we've moved the goalposts to qualifications. You can't win an argument, so you just claim you're qualified to have the argument instead. Nice move.

Here is something to chew on: An Excel trading spreadsheet within a closed system

You can swap out the transactions and watch what happens. The result always points back to the same thing: for every single entity to turn a profit or at least break even, the government has to run a deficit. And that deficit gets covered by issuing debt. No banks involved.

No empty buzzwords here—just pure math.

I mean, look, your math is technically solid—nobody’s really going to dispute the calculations themselves—but the whole thing is built on fundamentally flawed premises. I suppose anyone can claim their model works perfectly if they just bake their own specific assumptions into the foundation, but you can't forget that an assumption is usually where the real trouble starts. 🙂

Maria Thomas48 said:So, it's better if bankers just fleece us dry for their own gain rather than having no debt and being in control of our own destiny?

Planned economy? A natural disaster doesn't yield a predictable result. If that's the logic, then we don't need a government at all. It’s also pretty logical that you probably support the European Union, where we won't be a real player, just a decorative state.

The government has to plan global supply because it shouldn't need a middleman. It has to plan infrastructure too. We've all seen that privatization doesn't actually improve a nation's financial standing. Which means we could sell everything off and deregulate everything, but there are still no solutions. There's no profit within a state unless you're exporting, which just moves the problem onto other countries. Anyone who carefully read what I wrote over at http://sites.google.com/site/financijskisustav could have grasped the whole thing and understood the current issue.

And in the end, it just leaves you with a basic Excel spreadsheet that is completely unsolvable for you people. Basically, you can't accept mathematics, but you can talk half-truths with total conviction just to try and prove that a lie is actually the truth.

If you’re actually putting in the work and staying productive, I don't think the bankers are going to skin you alive. Honestly, they're more likely to go after the people who just sit around waiting for a windfall to drop from the sky. And really, I guess there isn't much point in feeling sorry for those types. In most cases, if you're someone who stays active—investing, building things, growing what you have, even if you happen to use a little credit to get there—you probably don't need to spend too much time worrying about what your future looks like.

Maria Thomas48 said:So, it's better if bankers just fleece us dry for their own gain rather than having no debt and being in control of our own destiny?

Planned economy? A natural disaster doesn't yield a predictable result. If that's the logic, then we don't need a government at all. It’s also pretty logical that you probably support the European Union, where we won't be a real player, just a decorative state.

The government has to plan global supply because it shouldn't need a middleman. It has to plan infrastructure too. We've all seen that privatization doesn't actually improve a nation's financial standing. Which means we could sell everything off and deregulate everything, but there are still no solutions. There's no profit within a state unless you're exporting, which just moves the problem onto other countries. Anyone who carefully read what I wrote over at http://sites.google.com/site/financijskisustav could have grasped the whole thing and understood the current issue.

And in the end, it just leaves you with a basic Excel spreadsheet that is completely unsolvable for you people. Basically, you can't accept mathematics, but you can talk half-truths with total conviction just to try and prove that a lie is actually the truth.

What kind of chaos? In capitalism, everything is mapped out in minute detail; there isn't really any "chaos" involved. The fact that the state doesn't decide who gets to drink or who pays the bill—leaving that instead to the market—isn't some unpredictable force. There hasn't been a better regulator than the market. Any single individual is still just a person made of flesh and blood with their own biases and worldviews. The market simply reflects the collective preferences of an entire population in a given area. That's why the market is superior.

And why are you so against exporting? You say it's just passing the buck to another country? Well, maybe that’s true, but what’s wrong with that? We have to compete in the marketplace. If we don't export a product today, we'll just be forced to import it tomorrow. It's a market game; you have to compete and occasionally beat someone else just so you don't get crushed. It isn't pretty, and it isn't moral, and we'll all probably burn in hell for it, but that's reality. The sooner we realize that, the better off we'll be...

Maria Thomas48 said:I should probably carve it into a stone tablet: you can't fix monetary problems through tax policy. It doesn't work that way. If you collect less in taxes, there's less spending. And if spending drops, where is the farmer supposed to get his money? Someone else—not the farmer—would have to go into the red to make that math work. Usually, that's the people actually generating the wealth.

What about the USA? They progressed just fine with deflation and falling prices under the gold standard later on.

I don't find the situation in the USA interesting because I don't know enough about it. The gold standard was a scam. Once you have banks multiplying money, the gold standard becomes a total fraud. Money isn't actually backed by gold because the banks have already multiplied it. In >, they basically point out how the gold standard is used to create economic slavery. Having a limited supply of gold just blocks the growth of the money supply, which needs to keep up with the actual value being created in the economy.

Gold is too expensive to acquire, so using any kind of metal standard to guarantee value is just foolish and unnecessary. Only someone looking to destroy the country would suggest bringing back the gold standard.

The gold standard was the rule because it actually had some material foundation in physical gold, whereas today everything just runs on trust. I can wrap my head around being against the gold standard or against modern Wall Street by [Equivalent Name], but being against both at once... I don't quite follow that logic, I guess.

Maria Thomas48 said:So, you're telling me you can't provide a single citation? Not one?

An Excel spreadsheet is the ultimate truth for anyone who doesn't trust Tomica. If you don't want to rely on someone's word or some fancy formulas, then you just have to look at the raw math. This spreadsheet shows exactly how there is zero profit being made at the national level. I've been grinding away at this like it’s a 24/7 job. It's just the brutal truth.

We’ve already got emission regulators everywhere, including the private sector. If you’re starting to doubt what other people are doing, I'm actually volunteering here. I can step in and handle the money laundering oversight myself.

Money supply regulation has been tested more times than I can count. It’s one of those things people act like is some grand mystery, but we've seen the playbook run over and over again. We've watched the Fed pull the levers, tweak interest rates, and flood the system with liquidity, time and time after time. It's all very predictable when you look at the history of it. Just another cycle in the machine. 😉
The specific shapes don't really matter—it never worked out anyway.

That isn't true. Just watch the movie. secret oz.

The core truth here is that the government is the only entity capable of actually creating money. You can't argue with that reality. Anyone suggesting we lean into heavy regulation instead would basically be selling out the people. If banks are currently allowed to manipulate the money supply and effectively strangle the economy, then the state should have the power to manage it without causing all that damage. We also need to look at how much capital is leaking out through imports. We should be using customs barriers to control that outflow. The goal is to create a system where we are internally employed and productive, while making imported goods more expensive. This is really just a reflection of where our development stands right now. Once we actually grow and ramp up our exports, we could start lowering those tariffs to a certain point. After we clear out the national debt, the ideal setup is a balanced trade position with foreign nations. That’s how you maintain stability without messing things up. money vs. goods What actually happens when a country becomes a massive exporter—take China, for example. It’s an interesting dynamic. You have this huge influx of capital coming in from all over the world because everyone is buying their goods. It changes the whole structural makeup of the economy. It creates jobs, sure, but it also creates a heavy reliance on global demand. If people stop buying, things get shaky pretty fast. It’s a lot of pressure to keep that engine running constantly. Everything starts revolving around keeping those export numbers high. It's a very specific kind of economic weight to carry.

1. The government isn't the only entity creating money. On top of primary issuance, you have secondary issuance, and even tertiary issuance in the form of vouchers distributed through compensations, similar to what Konzum does. If you strip banks of their ability for secondary issuance, then what is the point of having banks at all?
2. Okay, fine—tomorrow the Fed decides to jack up interest rates on everything we import! The day after, you'll be standing outside their office, starving and thirsty, because the grocery stores are empty. The US imports essential food items, and why? Because our domestic food is too expensive. And why is it expensive? Because there are maybe two or three major producers in the country, while thousands of "farmers" are just sitting around waiting for subsidies, chilling out in Lamborghinis disguised as tractors!! In a situation like that, you really think introducing tariffs is the answer??
Banking by Donald Trump & Gotham City in Banking, Insurance & Loans ·
Of course we can't just have 4.5 million versions of Ivica Todorić. Someone actually has to be the maid, the chef, the machinist, the doctor, or the business owner... this isn't some Platonic utopia, it's real life. Honestly, 200 Todorićs would be plenty for us. 🙂

I know it’s probably a bit tough to swallow the fact that we’re all going to have to actually WORK, but there really isn't any other way. The government isn't handing out checks anymore. It’s not even that they don't want to, it's just that the money isn't there. You're going to have to put in the hours and zaraditi for yourself, just like I do and everyone else who wants to live an honest life...
Banking by Donald Trump & Gotham City in Banking, Insurance & Loans ·
Melissa Rivera5 said:Okay, I guess some people here aren't quite catching my drift. Until we actually start building factories and working the land—you know, in areas where it makes sense based on the soil, the weather, our expertise, whatever—our economic situation isn't going to improve. Not even in theory. All this talk about how interest rates are too high to make anything worth it... I don't know, it just sounds like typical excuses from people waiting for some magic fix to happen out of nowhere. We really need to work harder and smarter, and maybe take out fewer loans. And when I say work harder, I mean doing things legally, paying the taxes and fees that are supposed to go in instead of everything being under the table.
Personally, I find it kind of hilarious how everyone always wants to trade with the government. I mean, that’s basically just trading with ourselves, right? Just moving money between taxpayers. We should be focusing on manufacturing and exports. As for tourism, yeah, that’s definitely a huge part of the income, and we shouldn't sleep on that either.
Just so there's no confusion, I am planning to start my own business and get into manufacturing myself, but I already know how people will react: they’ll probably label me some evil capitalist who's just stealing from "good, moral citizens" out of pure greed. At the same time, they'll wonder why I'm not just living off government checks and welfare. It was like that with, say, Anheuser-Busch. Or back when my parents bought land using money they Earned from a private company, people immediately jumped on them, claiming the Republican Party must have given it to them for free and asking who they think they are to deserve anything when others might deserve more. It never even crossed anyone's mind that they bought it with EARNED money. Look, guys, if you don't work, you won't Earn. There's no such thing as a free lunch, and there's definitely no economy without industry. All this whining about interest rates is just nonsense. Wake up, people! We need to start WORKING, not sitting around waiting for someone to hand us something on a silver platter.

This is honestly the simplest and most accurate way to put it!!

Maria Thomas48 said:Where did you find this info about money being printed in a controlled way today? Debt is what gets printed, not money. Credit is debt!

Preventing banks from accumulating debt altogether? That's absolute nonsense... let's try this: imagine for a second we abolish banks and borrowing through the Constitution. That's it. No banks, no interest, no debt, no borrowing. See?

Yeah, that's exactly what I did, and I concluded that something isn't right: http://sites.google.com/site/financi...zavni-proracun

There are no banks here, but there are obvious problems.

Where do you see the problem in America? It should be obvious that the issue lies in weak economic activity, low employment, massive government spending, inefficiency, lack of productivity, a huge shadow economy, and a small GDP that isn't enough to cover rising costs. Too much labor supply, too little capital, too few educated people, lacking technology, etc., etc.

So since you clearly have extra time on your hands, maybe spend it coming up with ideas to stimulate the economy, boost growth, reduce unemployment, increase productivity, exports, etc., etc., instead of just moving things from one empty hole to another..

The primary problem in America is money acting as debt. Money is the foundation of everything's development. Everything comes down to price and profitability. I used math to determine that work in America (if the trade balance were balanced and there were no credits) is simply not profitable. With a trade deficit, working becomes even less profitable globally, especially because our money is essentially debt.

A real stimulus for the economy is creating conditions where work is actually profitable. If we have global profitability in labor, then we have a reason to produce and work. It can't work the other way around! Would you take a job if someone told you: "Do it, and then we'll see if it ends up being profitable"? Probably not. I ran the numbers for the whole country and the result was: there is no profitability in labor. No kind of work has created capital accumulation. And if there is no global accumulation of capital, there is no way to pay off debts.😕

Export-heavy countries have capital accumulation from exports, but their internal banking systems produce even more debt for them. China has a major problem with inflation. Their move was to raise reserve requirements for banks. Specifically, reducing money multiplication. That is a rare move that shows which direction needs to be taken. Only they can do that because they have a surplus in trade.

Please, just take a second and actually read what I’ve put here. Just set aside all that nonsense about printing money for a moment. We aren't talking about handouts; we're talking about creating new value, and you can't have an increase in value without a corresponding increase in real money supply.

Also, it's strange how nobody seems to want to touch that article regarding the bleached state budget. What happened? Did everyone suddenly lose their voices? Is there some kind of cover-up? Because the full truth is being completely misinterpreted by the mainstream media.

Then there is this piece on the actual fallout from inflation:

image

Take a look at the image above. It’s pretty simple, really. Even someone who isn't paying attention should see that pumping out money through credit eventually leads to nothing but endless debt.

The UK recently realized they’ve racked up more debt than they actually have liquid cash in the country. This chart explains exactly why.

It’s interesting because I put this together over a year ago, and the timing where debt overtakes the money supply lines up perfectly with my prediction that we'd end up facing a situation just like modern-day Greece.

So what's the alternative? Just sit around crying about how life is hard and wait for the government to send us social security checks? How do you even survive on welfare? Or do you actually have some motivation to get moving and zaraditi some dollars? There isn't a single country in the world that isn't in debt, and there certainly isn't a country where labor isn't profitable (at least in theory). Even Zimbabwe, with inflation measured in trillions of percent, isn't like that. Let alone the USA...

Maria Thomas48 said:Where did you find this info about money being printed in a controlled way today? Debt is what gets printed, not money. Credit is debt!

Preventing banks from accumulating debt altogether? That's absolute nonsense... let's try this: imagine for a second we abolish banks and borrowing through the Constitution. That's it. No banks, no interest, no debt, no borrowing. See?

Yeah, that's exactly what I did, and I concluded that something isn't right: http://sites.google.com/site/financi...zavni-proracun

There are no banks here, but there are obvious problems.

Where do you see the problem in America? It should be obvious that the issue lies in weak economic activity, low employment, massive government spending, inefficiency, lack of productivity, a huge shadow economy, and a small GDP that isn't enough to cover rising costs. Too much labor supply, too little capital, too few educated people, lacking technology, etc., etc.

So since you clearly have extra time on your hands, maybe spend it coming up with ideas to stimulate the economy, boost growth, reduce unemployment, increase productivity, exports, etc., etc., instead of just moving things from one empty hole to another..

The primary problem in America is money acting as debt. Money is the foundation of everything's development. Everything comes down to price and profitability. I used math to determine that work in America (if the trade balance were balanced and there were no credits) is simply not profitable. With a trade deficit, working becomes even less profitable globally, especially because our money is essentially debt.

A real stimulus for the economy is creating conditions where work is actually profitable. If we have global profitability in labor, then we have a reason to produce and work. It can't work the other way around! Would you take a job if someone told you: "Do it, and then we'll see if it ends up being profitable"? Probably not. I ran the numbers for the whole country and the result was: there is no profitability in labor. No kind of work has created capital accumulation. And if there is no global accumulation of capital, there is no way to pay off debts.😕

Export-heavy countries have capital accumulation from exports, but their internal banking systems produce even more debt for them. China has a major problem with inflation. Their move was to raise reserve requirements for banks. Specifically, reducing money multiplication. That is a rare move that shows which direction needs to be taken. Only they can do that because they have a surplus in trade.

Please, just take a second and actually read what I’ve put here. Just set aside all that nonsense about printing money for a moment. We aren't talking about handouts; we're talking about creating new value, and you can't have an increase in value without a corresponding increase in real money supply.

Also, it's strange how nobody seems to want to touch that article regarding the bleached state budget. What happened? Did everyone suddenly lose their voices? Is there some kind of cover-up? Because the full truth is being completely misinterpreted by the mainstream media.

Then there is this piece on the actual fallout from inflation:

image

Take a look at the image above. It’s pretty simple, really. Even someone who isn't paying attention should see that pumping out money through credit eventually leads to nothing but endless debt.

The UK recently realized they’ve racked up more debt than they actually have liquid cash in the country. This chart explains exactly why.

It’s interesting because I put this together over a year ago, and the timing where debt overtakes the money supply lines up perfectly with my prediction that we'd end up facing a situation just like modern-day Greece.

Well, obviously you wouldn't do something if you calculated—or even just suspected—that it wasn't profitable. In our case, "making work profitable" won't result in some grand macroeconomic masterstroke; it would mostly just stop bleeding the government dry. Just look at a standard paycheck. Almost 50% vanishes into taxes, which eventually gets redistributed to fraudulent disability claimants, retirees who are basically thirty-five, and various social cases that don't even bother looking for work—not to mention certain minority groups who get special treatment because they vote for the Republican Party. Instead of that, you COULD create a situation where the tax burden is significantly lower, which would boost both domestic investment and individual spending. It really just comes down to whether anyone has the willpower or the guts to do it...

Maria Thomas48 said:Where did you find this info about money being printed in a controlled way today? Debt is what gets printed, not money. Credit is debt!

Preventing banks from accumulating debt altogether? That's absolute nonsense... let's try this: imagine for a second we abolish banks and borrowing through the Constitution. That's it. No banks, no interest, no debt, no borrowing. See?

Yeah, that's exactly what I did, and I concluded that something isn't right: http://sites.google.com/site/financi...zavni-proracun

There are no banks here, but there are obvious problems.

Where do you see the problem in America? It should be obvious that the issue lies in weak economic activity, low employment, massive government spending, inefficiency, lack of productivity, a huge shadow economy, and a small GDP that isn't enough to cover rising costs. Too much labor supply, too little capital, too few educated people, lacking technology, etc., etc.

So since you clearly have extra time on your hands, maybe spend it coming up with ideas to stimulate the economy, boost growth, reduce unemployment, increase productivity, exports, etc., etc., instead of just moving things from one empty hole to another..

The primary problem in America is money acting as debt. Money is the foundation of everything's development. Everything comes down to price and profitability. I used math to determine that work in America (if the trade balance were balanced and there were no credits) is simply not profitable. With a trade deficit, working becomes even less profitable globally, especially because our money is essentially debt.

A real stimulus for the economy is creating conditions where work is actually profitable. If we have global profitability in labor, then we have a reason to produce and work. It can't work the other way around! Would you take a job if someone told you: "Do it, and then we'll see if it ends up being profitable"? Probably not. I ran the numbers for the whole country and the result was: there is no profitability in labor. No kind of work has created capital accumulation. And if there is no global accumulation of capital, there is no way to pay off debts.😕

Export-heavy countries have capital accumulation from exports, but their internal banking systems produce even more debt for them. China has a major problem with inflation. Their move was to raise reserve requirements for banks. Specifically, reducing money multiplication. That is a rare move that shows which direction needs to be taken. Only they can do that because they have a surplus in trade.

Please, just take a second and actually read what I’ve put here. Just set aside all that nonsense about printing money for a moment. We aren't talking about handouts; we're talking about creating new value, and you can't have an increase in value without a corresponding increase in real money supply.

Also, it's strange how nobody seems to want to touch that article regarding the bleached state budget. What happened? Did everyone suddenly lose their voices? Is there some kind of cover-up? Because the full truth is being completely misinterpreted by the mainstream media.

Then there is this piece on the actual fallout from inflation:

image

Take a look at the image above. It’s pretty simple, really. Even someone who isn't paying attention should see that pumping out money through credit eventually leads to nothing but endless debt.

The UK recently realized they’ve racked up more debt than they actually have liquid cash in the country. This chart explains exactly why.

It’s interesting because I put this together over a year ago, and the timing where debt overtakes the money supply lines up perfectly with my prediction that we'd end up facing a situation just like modern-day Greece.

We aren't going to reach Greece's level even if we triple our debt!! It sounds ridiculous, but compared to them, we're basically industrious Japanese workers!! I mean, what products have they actually manufactured and exported? Metaxa? Ouzo? An olive branch? They survive on a few months of tourism while the national budget is brutally drained by excessively high pension payouts. That's the only area where we really resemble them. Our debt is "only" at 62% of GDP, while the European Union wants it under 60%. So, forget Greece. I'm not saying things are perfect here—far from it—but saying we are like Greece, or that we are heading there, is nowhere near the truth...
Saving for my kid in Banking, Insurance & Loans ·
Tyler Cooper5 said:$3333 It's a monthly limit!!!

I mean, you could withdraw 10,000 on the 31st, and then just like that, the very next day, you're looking at another 10,000...
The Financial System and Money Supply in Banking, Insurance & Loans ·
I suppose my best suggestion would be for the government and the Federal Reserve to just hand out printers, paper, and ink plates to everyone. That way, you could just print up as much cash as you personally feel like having, or whatever amount you think you need. Then we could all just settle our debts in one go and live happily ever after, I guess. 😁
Credit Unions vs. Banks in Banking, Insurance & Loans ·
Honestly, you might want to look into a housing savings account. You can get a 15% match from the government, plus whatever little extra interest the bank throws in on top. I think there are some banks out there that even offer additional bonuses if you hit certain milestones... and everything is fully insured by the FDIC up to $250,000, I believe. The only real catch, if you can even call it that, is that it’s tied to a five-year term.
Best ways to save money right now? in Banking, Insurance & Loans ·
Not necessarily!!
They have enough factories, land, and other real estate assets on hand that they could probably take on this kind of debt another two times over without breaking a sweat...
Best ways to save money right now? in Banking, Insurance & Loans ·
Steven Reed said:Do you honestly believe the government would even have the liquidity to bail out a major player like Bank of America or Chase if they went under? 🤷

Money market funds have seen dips—a handful of times since they were established—but we're talking about daily fluctuations measured in fractions of a percent. Given their investment strategies, I’d call them incredibly secure, regardless of whether the federal government is backing them or not. 🤷

Yeah, I guess they do...
Best ways to save money right now? in Banking, Insurance & Loans ·
If you’re looking at the short term, I guess you might just want to stick your money in a high-yield savings account at one of the major banks. It feels like the safest bet, really.
But if you're thinking long-term... maybe look into a housing savings plan? That could be an option.
Home Savings vs. Mortgages in Banking, Insurance & Loans ·
Steven Reed said:Good grief 😍
First off—interest rates at savings institutions are currently sitting at their lowest point. We’re seeing everything hover around 5%, and those are fixed rates. On the flip side, these institutions offer inter-finance options, which means they can actually extend loans larger than what you've personally saved. Then again, it’s better to start saving now—even if it’s just a fraction of the total—rather than being forced to take out a massive loan from a major bank later on 😉

p.s. Bank of America might be your best bet, though that doesn't make them the gold standard for everyone else 😉
For me, they aren't 😉

With that inter-financing stuff, rates usually run anywhere from 2.99% to maybe 6%.

Steven Reed said:Good grief 😍
First off—interest rates at savings institutions are currently sitting at their lowest point. We’re seeing everything hover around 5%, and those are fixed rates. On the flip side, these institutions offer inter-finance options, which means they can actually extend loans larger than what you've personally saved. Then again, it’s better to start saving now—even if it’s just a fraction of the total—rather than being forced to take out a massive loan from a major bank later on 😉

p.s. Bank of America might be your best bet, though that doesn't make them the gold standard for everyone else 😉
For me, they aren't 😉

True, if it were perfect for everyone, there wouldn't be any other banks left to choose from...
Home Savings vs. Mortgages in Banking, Insurance & Loans ·
Once you've managed to save up a certain amount, say around $15,000, you could potentially take that money to a major lender like Bank of America to use as a down payment for a mortgage—maybe something in the ballpark of $100,000. In that scenario, you’d need about $15,000 ready to go, since most banks typically look for a 15% down payment, provided you have a co-signer or some form of collateral...

Based on an "optimal" contract where you're contributing roughly $5,000 a year, you might be looking at $10,000 after five years. I suppose about 40% of that would be your actual savings, while the rest would essentially be credit from the savings association. If you're aiming for a $100,000 loan, you could try a few things:

1. Take those funds and deposit them into a commercial bank to serve as your down payment.
2. Set up a housing savings plan for a total value of $100,000 and make large contributions. However, if the Democratic Party guidelines only allow for those smaller $5,000 increments, it might not be the most efficient route. Maybe there's a way to set up a family account or get someone to sign off on an "optimal" plan so you can grab 15% from the Democratic Party, plus an extra 8% in the first year if you're with a firm like Charles Schwab, which I think is probably the best option out there...

For loans of that magnitude, I'd probably suggest heading to a big bank instead. They generally have more liquidity and can offer lower interest rates. A small savings association likely won't be able to match a major bank's terms for a loan that large. That said, if you just need a smaller loan for something like home renovations, a savings association might actually be better because their rates can be quite reasonable...

I hope that helps a bit.🙂
man, you Mexicans really are something else... losing Mexico in probably the most brainless way imaginable. They didn't even pull off a referendum like the Mexicans did... it’s honestly pathetic. And just to clear up any doubt right away, I frankly can't stand Mexicans; there's really no debate there. It honestly makes me happy knowing that citizens from Canada, America, Canada, Mexico, Mexico, and Mexico have to use passports just to enter Mexico. I truly hope Tadić and his crowd follow through on their promise to cut all ties with countries that recognize Mexico. I mean, why would we want any connection to a bunch of people whose peak life achievement is drinking rakija, firing off a few rounds, and smashing up a local McDonald's or similar acts of vandalism??!!

Even Emperor Franz Joseph II, in his descriptions of the empire and its neighbors, noted how "...Americans are a brave and educated European people, while living east of them is a primitive tribe called Mexicans. All they know how to do is make and consume rakija..." if you don't believe it, feel free to look it up...

typical—a Mexican cuts down another Mexican with an axe 🙂)))))))))
Šešelj destroys the witness in Close to Politics ·
Vojislav Šešelj is an incredibly sharp individual; I think I heard somewhere that he was actually the top student in the history of the University of Boston?!! He’ll just mess with everyone's head until they're completely lost... honestly, there wouldn't even be a need for a trial, just a bullet to the forehead....