posted January 15, 2015 12:35 AM            

Just on the side,
- Are you aware that ALL of mankind (ie ALL countries economies)- enslaved today by a World Banking System which is actually FRAUDULENT, and deliberately designed to empower/enrich the few who run & control it, at the expense of everyone else. Very few people understand this!!!
Facts about the Global Banking Machine -
http://www.ubuntuparty.org.za/2015/01/facts-about-global-banking-machine.html
Read, understand and join the new movement!

In the Bible, it says in various parts- lending with "interest" is condemned.(and with very good reason)

But..... today!- Mankind enslaved/controlled and ripped off...by a FALSE , CORRUPT & EVIL FRAUDULENT Banking system,
-which NOBODY questions!

But..back to you..I suggest
1) Learn how to be fiscally responsible, how to manage your money & become financially independent (I assume you're still young?)
2)Once you're in a secure position yourself THEN you will be suitably empowered to help out others..

posted January 15, 2015 04:02 AM            

quote:

---

Originally posted by aquaguy91:
^ That's what i'm doing right now. I'm using Dave Ramsey's system. I won't be using credit cards, getting loans, or making car payments etc. I'm going to live within my means and save up and buy everything I need/want with cash, that way I never have to pay interest and deal with BS.

---

totally agree, i know many people that takes loans, mortgages .. etc so they can drive that new model of Mercedes Benz and honestly they lose my respect to that stupidity especially they are in their twenties so they are not CEO's at big company at that age.

Charity is important i always take a small portion of my income for charity for the overall well-being of the society and we know Aquas like to help the society

Good luck my friend,

posted January 15, 2015 11:03 AM            

Its exactly why I don't borrow money from people. When I did it was never a large amount but made me feel paranoid until I paid the person. I don't like carrying that on my shoulders.

Like you I'm also a generous, giving person. When I give people money I don't expect to be taken advantage of but unfortunately have been many, many times. Who hasn't been at this point. So I just give without expecting it back. I've been made promises that I'll have the money back and it never happened. It's upsetting on one hand and on the other not so much. I know the people that I've given money to need it more than I do, and I'm the kind of person that just lets it go. I don't hang it over their heads. I just know not to give that person anymore and if I do then it's strictly from the goodness of my heart.

I love being of service to others. The joy you feel from helping another person is indescribable.

I don't think there's anything wrong with having a mortgage payment, a car payment. It builds your credit in which we need to have to buy those things. Where people screw up is by getting things that they can't afford. Like Aries Eagle said, I've seen so many people with the expensive car that you know darn well they can't even afford. So many people live for others, meaning they live their lives through "impressing" others, making themselves appear like they've got it together when they don't. They can't keep up with the Joneses but do so anyway. I mean look at Joe and Teresa Guidice.

I wasn't necessarily irresponsible with money. I always paid for things I knew had to be paid on time, never going over due dates. Shopping is my guilty pleasure but I never went above what I could afford, ever. So many do and it's why they're in debt up to their ears.

If you wanna get out of debt, do the snowball method. If you don't know what it is basically all you do is start with the smallest debt you have. You get it paid off first and apply the money used for it for your next debt and continue on up. So if you have 2 of your smallest debts paid off you use the money for both on your third debt, then all 3 on your 4th and so on. There are many articles online that go into greater detail, that's just the short version. It really does work and it's simple. It's realistic. You pay things off quicker which eases stress and makes you feel better.

posted January 15, 2015 11:27 AM            

quote:

---

Originally posted by Barbiegirl19:
I totally agree with some of what you've said.

Its exactly why I don't borrow money from people. When I did it was never a large amount but made me feel paranoid until I paid the person. I don't like carrying that on my shoulders.

Like you I'm also a generous, giving person. When I give people money I don't expect to be taken advantage of but unfortunately have been many, many times. Who hasn't been at this point. So I just give without expecting it back. I've been made promises that I'll have the money back and it never happened. It's upsetting on one hand and on the other not so much. I know the people that I've given money to need it more than I do, and I'm the kind of person that just lets it go. I don't hang it over their heads. I just know not to give that person anymore and if I do then it's strictly from the goodness of my heart.

I don't think there's anything wrong with having a mortgage payment, a car payment. It builds your credit in which we need to have to buy those things. Where people screw up is by getting things that they can't afford. Like Aries Eagle said, I've seen so many people with the expensive car that you know darn well they can't even afford. So many people live for others, meaning they live their lives through "impressing" others, making themselves appear like they've got it together when they don't. They can't keep up with the Joneses but do so anyway. I mean look at Joe and Teresa Guidice.

I wasn't necessarily irresponsible with money. I always paid for things I knew had to be paid on time, never going over due dates. Shopping is my guilty pleasure but I never went above what I could afford, ever. So many do and it's why they're in debt up to their ears.

If you wanna get out of debt, do the snowball effect. If you don't know what it is basically all you do is start with the smallest debt you have. You get it paid off first and apply the money used for it for your next debt and continue on up. So if you have 2 of your smallest debts paid off you use the money for both on your third debt, then all 3 on your 4th and so on. There are many articles online that go into greater detail, that's just the short version. It really does work and it's simple. It's realistic.

I sort of agree with Ramsey and then I don't. I agree with living within your means. I don't like categorizing every dollar that I have. As long as you're paying things of importance and have extra money to buy something that you want, do it. His system is kind of unrealistic in this day and age, imo anyway. It would take a person years upon years to save enough money to buy a house, that they want, in full. Same goes for a car. It's unrealistic. Pay extra towards the car note and you won't have to pay as much in interest, because you'll be paying it off sooner. Same goes for a house. You never get out of paying some interest, ever.

---

posted January 15, 2015 11:52 AM            

That I don't agree with. It's unrealistic to me, it's like you're a slave to yourself, a slave to you're money. If you're debt free, you can afford to pay extra and get the debt paid off quicker. That's essentially how you should look at it anyway.

I agree with the credit bit. I don't like them, don't use them. However you have to have credit. Without it you pay more which defeats that purpose. No credit is bad credit which means more money that you'll have to pay. Our current world revolves around credit.

posted January 15, 2015 12:03 PM            

quote:

---

Originally posted by Barbiegirl19:
But you limit yourself. If you can afford it, why limit yourself and not go for it.

That I don't agree with. It's unrealistic to me, it's like you're a slave to yourself, a slave to you're money. If you're debt free, you can afford to pay extra and get the debt paid off quicker. That's essentially how you should look at it anyway.

I agree with the credit bit. I don't like them, don't use them. However you have to have credit. Without it you pay more which defeats that purpose. No credit is bad credit which means more money that you'll have to pay.

---

posted January 15, 2015 12:33 PM            

Most car dealerships won't even allow you to pay for a car in full without paying atleast 6 months of minimum payments. You will always pay interest.

Aside from that, let's say you pay full in cash for your car, do you really think your insurance will stay the same? Absolutely not. It will increase tremendously, making it more expensive and defeating the purpose of paying for it in full.

Let's say you can afford to pay for a house in full, you do. Do you have any clue how expensive it'll be to insure that house? It'll be insane. You want to add an addition to your paid off house, you'll either be denied due to lack of credit or you'll be paying astronomical sums because of it.

I'd assume that while saving money for said car and house you wouldn't use a credit card. So you haven't used credit in years. Your credit score will be horrible and will be the cause of paying much more when you wouldn't have years before with good credit.

The smarter thing would be to pay in larger increments then to pay off right away. You're insurance will be affordable, your credit score will be excellent therefore making your life easier. You'll be able to get better loans which means lesser interest.

You have to have credit, our country revolves around it. To do anything you have to have it. Without it your life will be hell and you'll be spending waaaay more money than you should ever have to.

posted January 15, 2015 06:41 PM            

That's partly why I don't accept money from people. It makes me feel dirty accepting money, even if I need it. I don't like being indebted to anyone and would rather get it on my own. I don't want anyone carrying anything over my head. I'd rather go through a bank than a close friend or family member.

I'm not one to whine or complain when I need something, I'll find a way to get it and would rather do it on my own. If I can't get it then I wait, but I always find a way.

posted January 15, 2015 11:54 PM            

quote:

---

Originally posted by Barbiegirl19:
Not true at all.

Most car dealerships won't even allow you to pay for a car in full without paying atleast 6 months of minimum payments. You will always pay interest.

Aside from that, let's say you pay full in cash for your car, do you really think your insurance will stay the same? Absolutely not. It will increase tremendously, making it more expensive and defeating the purpose of paying for it in full.

Let's say you can afford to pay for a house in full, you do. Do you have any clue how expensive it'll be to insure that house? It'll be insane. You want to add an addition to your paid off house, you'll either be denied due to lack of credit or you'll be paying astronomical sums because of it.

I'd assume that while saving money for said car and house you wouldn't use a credit card. So you haven't used credit in years. Your credit score will be horrible and will be the cause of paying much more when you wouldn't have years before with good credit.

The smarter thing would be to pay in larger increments then to pay off right away. You're insurance will be affordable, your credit score will be excellent therefore making your life easier. You'll be able to get better loans which means lesser interest.

You have to have credit, our country revolves around it. To do anything you have to have it. Without it your life will be hell and you'll be spending waaaay more money than you should ever have to.

I agree not many are debt free, they would be if they were smarter with money. They would be if they didn't live outside of their means. That's the biggest problem.

---

posted January 16, 2015 06:53 AM            

You don't need your credit score for an apartment? Most renters now check them to see how dependable you are. Unless you're one to settle for an apartment in a bad neighborhood, that no one else wants to live in, and the renter is desperate. You don't need a good credit score to qualify for a mortgage? Just to qualify, absolutely, you still have to be approved. A lot of jobs nowadays are checking your credit scores before hiring. Do you really think you'll have everything handed to you because you'll pay cash for everything? No. What happens if you're in crisis and need a loan and have no credit or poor credit? You're denied and will be living in crisis.

My father-in-law up until he passed tried to live with the same logic and paid for everything in cash, for big boy purchases it never worked. He had a very comfortable salary. He was denied every time he tried to pay for a car in full, in which he did every few years he wanted a new car, so instead he paid 6 months and had the cars paid off. Excellent credit.

Depending on the price of the used car and it's dependability, it's entirely up to each dealership how they go about handling that. Of course if you buy a 600 dollar car, no one would pay 6 months on it. It's 600 bucks not 10k lol.

Of course a car depreciates when driven off the lot. When you eat half of a hotdog, it's half eaten right, you wouldn't expect a person to pay full price for a half eaten hotdog would you? It lost value after you ate half of it, so why expect anyone to pay full price for it. Same goes goes for a car. Its not a good investment but if you can afford it, and want a new car, go for it. Same goes for used cars. It's only a good investment when you invest in the right one.

Take advantage of foolish people? How naive are you? I agree interest isn't fair, but do you really expect companies to just hand over a big pill of their money? They have to eat too. They're investing their money in you, not just giving it away. You have to prove yourself worthy for lower interest rates, your credit score does just that.

posted January 16, 2015 07:45 AM            

quote:

---

Originally posted by Barbiegirl19:

Take advantage of foolish people? How naive are you?

---

posted January 16, 2015 08:19 AM            

Forget it. You don't get it.

posted January 16, 2015 08:30 AM            

quote:

---

Originally posted by Barbiegirl19:
Wow, you are being incredibly simple.

Forget it. You don't get it.

---

posted January 16, 2015 12:24 PM            

The risks of bad happening is there just as it would be for a house that isn't yet paid off.

It makes perfect sense for insurance companies to screw over those who buy their homes in full, by making them pay more in insurance. I wouldn't doubt that it happens. We do live in a vile world after all.

Home values increase every year with the economy which means increase in insurance.

posted January 16, 2015 01:06 PM            

quote:

---

Originally posted by Barbiegirl19:
I meant simple in a characteristic way, AG. It's a noun. Being ignorant is not the most effective way lol.

I never said it can't happen nor did I say you have to make payments. I said most, not all, dealerships won't allow it without paying at least 6 months first.

---