 If you only had $1 what would you do with it? |
| You only have $1, what do you plan on doing with it? If you planned on investing it or gambling with it, what would you gamble or invest it with? What you plan on just saving it? What are your plans ... |
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 Getting out of Debt Strategy? |
| I currently have a lot of debt, house 100k, Student Loans 60k, other loans/debt(car) 30k, and 15k in ccard debt. I pay all my bills every month, my credit score is just shy of 700 and I don't ... |
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 I am turning 50 -I freelance - I have no retirement savings, what can I do? |
| As a freelance decorator and character actor, I experience a roller coaster income ride: Some months are good, many are bad, and some are just down right frightening! The good months let me survive ... |
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 What is better the wife or the work? |
| well you need money to have a wife otherwise she will leave you, but if you work hard them she will leave too, them if you measure both them equally and try equally time or quality like they said , ... |
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 How can I buy something on ebay with cash? |
How can I buy something on ebay with cash?
I heard you can buy a gift card from the bank and use it on ebay?
Is it possible? I don't have a credit card.
T... |
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 What is a better way to pay off credit card debt and improve my credit score? |
| Here is the scenario.... I have a credit score of 650, I have high balances on all four of my small credit cards (500-650 limits). I have 1,200 saved up to go towards paying off these balances. W... |
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 How can i encourage my son to save without nagging him? |
| he is 16 and in his first job. we just want him to save a little a week but at the moment he just blows it all and has nothing to show for it, he works hard for his money and i know he is entitled ... |
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 What are some tips on saving money.? |
| i need to save a lot of money in one year. because i'll be moving off to college. i have a job but i'm a horrible shop o holic. how can i tell myself no. what do i need to do mentally to ... |
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 What's a good way to earn money, being underage to get a 'real' job? |
| i don't want answers that are like babysit or petsit. i want some creativity in this question.... |
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 How rich are you? |
If you don't feel minded to say "mind you own business" then feel free to answer the question.
How much cash, shares, property do you have (in pounds or dollars) but how ... |
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 How can I pay my mortgage with a credit card? |
| I know AMEX has a program that allows this but I only have a Visa and MC. I don't have a cash flow problem but would love to get the rewards. My new Visa has a 0% rate for a year on it so is ... |
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 Can anyone tell me about prepaid credit cards? |
| I used to do alot of shopping on the internet but I got ripped off by fraudsters a few months ago, I got most of the money back eventually but the experience has left me wary of internet shopping, I&#... |
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 Is it possible to earn good money with online business, to supplement a full time job? |
| I preferably would like a personal develpment type of online business where I can earn good money and help others as well. Any ideas?... |
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cdngal64 | How many would retire, if they still had a mortgage or debts? |
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Jessica M
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The truth is mortgages and debts are only half of the equation. You have to determine if you have assets or income enough to carry debt into retirement. Some people will actually make more when they retire than they do now because they invested wisely. |
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justme
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i would pay them off first...why stress urself out...thats what retirements meant to be ur rest time...worry free... |
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Happy to help
|
Simple answer have you looked at what you will need to retire?
When planning you wnat to take a look at how much each year you will need then figure out if you are there.
General rules of thumb:
1. Compute what amount of money will give you about 70% of your current income for 40 more years at least, if you are 50 or younger.
2. Add in, inflation to your income generally 3-4%/ year
3. Find out if you are eligible for medicare (you must be 65) if not how much will medical insurance cost you until 65
4. Will you need extra money for special occasions. Future childs/grand childs college, a special vacation you want to take or unexpected medical expense
After those numbers are crunched if your mortgage is affordable, it is fine to have one.
Ask me any questions if you want further details. |
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jititi j
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I would consolidae my debts and retire with zero debt:
Ways to Consolidate Debt
http://www.debt-explained.com/category/Ways-to-Consolidate-Debt.html |
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Emperor Tom
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Well, I'm happily retired and still have a mortgage, although no other debt. Rather than pay off the mortgage, I have invested the money to earn a higher rate of return and maintain some financial flexibility. Keep in mind that the mortgage interest deduction is one of the few tax deductions available to the ordinary person. |
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onelonevoice
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you always have debts. but as long as you keep them under control, you can retire. |
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flowerspirit2000
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THEY DONT USUALLY.....AND ITS NOT THE DEBTS THAT KEEP THE AGING POPULATION AT A JOB THAT THEYD RATHER NOT DO....ITS THE GIANT COSTS OF PHARMACEUTICALS AND MEDICAL COVERAGE....IT S ASTRONOMICAL ...ALMOST TO THE POINT OF BEING INCOMPREHENSIBLE....SSEC IS ONLY ENOUGH FOR FOOD.... |
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kitkool
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I would work till those are paid off even if I have to get a second job after retirement... and then I would retire peacefully |
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englishkeymaster
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I would, and i havent left college yet!
The inevitable mortgage for a nice house is what keeps me working... |
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dawn18417
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retirement is overrated if you retire you sit home and count cars passing by and watch tv all day because you are scared to spend to much money cause you only have a limited budget for each month.Keep working you will be better off. |
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cristanine
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I am retired and I still have debts, but if I die they're all paid off. So live and let lvie. |
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Xae
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where im from you pay cash
for everything
Mortgage and Debts , that slike a white persons layaway plan |
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Happy1
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I would, If I could afford it. |
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JP E
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If you are more responsible I think you will not retire when you still have debts to service. Personally I do not want my children or family members to help service my debts - they have their own commitments as well!
Even if I do not have debts to service, and I have millions in my bank account, the chance is that I will continue working - although maybe on a lower profile as long as my health is fine. |
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