PersephNoob t1_jeh1x79 wrote on March 31, 2023 at 11:31 PM

Reply to comment by DifficultyNext7666 in Should I pay off my loans if I have the savings for it? by scrooooooooooge

Whatever man, stay broke with all your “good” debt.

PersephNoob t1_jeh13ma wrote on March 31, 2023 at 11:25 PM

Reply to comment by DifficultyNext7666 in Should I pay off my loans if I have the savings for it? by scrooooooooooge

Show me a savings account making 4.79%, and your not considering the simple risk of debt.

PersephNoob t1_jegl3lb wrote on March 31, 2023 at 9:27 PM

Reply to comment by nkyguy1988 in Term Life Denied because of MIB Report, is Whole Life my only option left? by Exciting_Painter_669

Yeah, get an accidental death benefit rider on something.

PersephNoob t1_jegkpt5 wrote on March 31, 2023 at 9:24 PM

Reply to Should I pay off my loans if I have the savings for it? by scrooooooooooge

Pay off your car, it’s a no risk way to make 4.14% on your “investment” if you know what I mean and any competent person would take that. Same with student loans since their is no chance of forgiveness.

PersephNoob t1_je8c2tb wrote on March 30, 2023 at 3:32 AM

Reply to Wanting to trade in current car for something cheaper. How does this work? by NaoMaoi

The purpose of trading in is for the simplicity. But just compare selling prices for trade in vs private sale and if its a great amount just private sell it, pay off the loan and go get your car. I will say in my experience I don’t see much difference between a 14k car and a 28k car so food for thought.