The Knitting Circle

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I meant debt. And I still consider any land and house an Asset, not a liability. Pay off any consumer loans as well school loans before you "invest" in anything as an "investment". Your house is your homestead, so it doesn't count, cause you need it, now.
 
No reason to even be thinking about the Mortgage if you still have student loans. Even deducting interest...you give them x and you get to keep x times .25(or whatever your tax bracket is) Most stock investments "should" consistently beat the interest on the loans, but I would pay them off anyway for peace of mind. I wouldn't even consider paying extra on the Mortgage until you have maxed a Roth for you and Kait every year.

Seriously, now is the time to invest while you are young.

Look into the early retirement movement - mad fientist, Mr. Money Mushache, Radical Personal Finance(you will probably relate to this guy's outlook) even if that is not your goal you can learn a lot from their techniques.
 
what I meant by dave ramsey the mortgage was:
ramsey says pay off your smallest loan, then keep paying out of pocket the same $ each month, but take what you were paying on X and apply it to your new smallest loan. and keep going until you pay everything off (he includes mortgages, so does hallam, when talking about debt)

Im in the RSA and I pay in the most my company will match into a 401k.

I do need to max out a roth, you're right. I can't afford to do that and make my student loan payment.... Making progress. I like it.

I have been stewing over this for weeks trying to figure out what the smartest thing to do is.
 
The smartest is whatever works best for you.
I'm about to start a new thread cause Matt gave some of those names in the past and I want to listen to their podcasts...

I was looking at some of my mom's RSA stuff. They invest with magic, I swear. I'm not sure at your age I would trust dumping ALL my free money in to them. They seem to me like a paper tiger, spending far more money than they're earning, and investing in every big building that's empty, and WILL remain empty if not get MORE empty... just terrible investors running that system...
 
Sorry didn't see there was gonna be a new thread.....

How do you eat an elephant?

We went thru this a few years ago. I followed a "modified" Ramsey approach. Biggest thing, cut up the plastic if you haven't already. Get rid of those demons and then work thru the rest. Agree with @bhmmapping additional investing, particularly land is not a good idea when there is still anything other than the mortgage owed on. Land is not very liquid and if you need your $$ in a pinch it isn't going to be easy to get to.

Paying off the mortgage fast is good if you can, but over time as you climb the proverbial ladder, it will become less cumbersome as your financial situation improves. Just keep plugging. Once you get one thing knocked out, then the next, it will start to snowball and before long you will wonder why you ever felt the need to have a "_______" payment. When we paid off Erin's car I told her we'd never have another one. We budget and save and when you have that "I don't want another payment" bug buzzing in your ear, it makes every major purchase look a little different. Oddly that's how I ended up in an 80. We needed another 3 person vehicle, I like the looks (at the time I didn't know any better) so we found one we could afford and paid cash. Looking back that single decision, no matter how budget friendly it was then, has been one of the most expensive of my life to date. :D
 
tripreed said:
Changing course a bit, I thought this was a pretty interesting article over on Jalopnik: Why The Land Cruiser Is So Expensive. The guy who wrote it has an 80. I assume he's somewhere on Mud, but don't know what his username is.
Click to expand...
My bet is that it had more to do with the chicken tax during the importation of FJ60/62s than buying trends as he theorizes. Luxury SUVs didn't become a thing until the late 80s early 90s. The chicken tax levied 25% tariffs on foreign imports so they had to load them up with all the bells/whistles to make it worth while to import. In effect, all imports had to be luxury class vehicles because of the tax - it didn't make financial sense to import a bare bones Cruiser that no one would buy (25% higher sticker price) when compared to a big 3 domestic 4WD vehicle.

Buying trends are more of the equation now because even the big 3 started selling luxury trucks and SUVs.

New developments on the abolishment of the chicken tax have been circulating lately http://www.autonews.com/article/20150629/OEM/306299968/after-chicken-tax-a-flood-of-foreign-trucks
 
why does the daughter get a corolla, but the boy gets a 4runner.

after watching the snow/blizzard/white out crash video from this last winter, I saw the huge benefit to having in-car radar. echo location. bat signal what ever it is that keeps you from plowing into something you cant see.
 
image.jpg
New @bhmmapping creation an awesome roof rack. It's soooo nice even built tapered to the body so no overhang. Now just to primer and paint today.
 
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Couple more

image.jpg
 
He did. Those aren't "bends" from his bender
 
I was really disappointed I couldnt put my rack work on my truck.

I will just have to wait until I step up from the RTT to something like this before I can use it again.

nissancrew17.jpg
 
lemme come over and see what it looks like on my hundigger...
lemme hold one of them!
 
...be over in a minute to pick minesez up! THANKS!
 
2 coats of primer some sanding and some filing mixed with a ton of yard work. Going to paint tonight
 
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