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  1. #31
    Registered User C@rol's Avatar
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    Great post. We are PAW's and working at it.
    " May we never let the things we can’t have or don’t have or shouldn’t have spoil our enjoyment of the things we do have and can have. As we value our happiness, let us not forget it. One of the greatest lessons in life is learning to be happy without the things we cannot or should not have."
    -Richard L. Evans

    ~Check out C@rols Blog on FV

  2. #32
    Rude and Vile Master Greebo's Avatar
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    Quote Originally Posted by Thevail View Post
    I have to say though, that I think being in the first couple of years of home ownership kinda viciously skews those numbers. When you're paying almost no real amount on the principle in a low value market.. it makes those numbers kinda ugly.
    Are you forgetting to include the value of your house as an asset?
    If your house is worth 100k and you owe 80k you are +20k.
    If you could kick in the pants the person responsible for your problems, you wouldn't be able to sit for a month.

    Did you know that a 4 year student paying $20,000/year who finances their education graduates with over $103,000 in debt to start? But a student who works and pays cash and takes 6 years to graduate ends with $6,300 in their pocket! So much for "getting a head start by financing!"


    Greebo
    (Nerd Spender): Loving and extremely patiently tolerated husband of ceashels.
    WARNING: Y Chromosome behind the keyboard. Adjust your listening filters appropriately!

    Three
    Two mortgages, two one no car loans, one no credit cards, and a partridge in pear tree!

  3. #33
    Rude and Vile Master Greebo's Avatar
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    Quote Originally Posted by a.nonymous View Post
    Awesome. I've lined uo the perfect strategy for us to become PAW.
    Step 1: Become debt-free and save an additional $1 (Net worth: $1)
    Step 2: Lose our jobs and refuse to take out any unemployment money (Income: $0).

    Congratulations, we're clearly in PAW territory.
    Don't forget to sell the house and lose the money then!
    If you could kick in the pants the person responsible for your problems, you wouldn't be able to sit for a month.

    Did you know that a 4 year student paying $20,000/year who finances their education graduates with over $103,000 in debt to start? But a student who works and pays cash and takes 6 years to graduate ends with $6,300 in their pocket! So much for "getting a head start by financing!"


    Greebo
    (Nerd Spender): Loving and extremely patiently tolerated husband of ceashels.
    WARNING: Y Chromosome behind the keyboard. Adjust your listening filters appropriately!

    Three
    Two mortgages, two one no car loans, one no credit cards, and a partridge in pear tree!

  4. #34
    Registered User
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    Quote Originally Posted by Greebo View Post
    Don't forget to sell the house and lose the money then!
    We're renting (living in 4th country over the past 4 years and many more to come), so we're clear there.

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