West Coast Connection Forum
Lifestyle => Train of Thought => Topic started by: Trauma-san on April 11, 2004, 08:53:43 PM
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How many of you have caught this concept? It's in the bible; "The Borrower is Slave to the Lender".
I'm never, ever, ever going to borrow money to buy something again. When I was in High School, I borrowed money from my dad to buy a car. When I was in College, I borrowed money on credit cards to just fuck off and do whatever I wanted. Years later, I ended up owing 16 thousand dollars in College Loans for a degree I don't even need to use, and 12,000 dollars in Credit Card bills, with not 1 thing to show for it.
Today, I have it knocked down to the college loan and 1 credit card, and I hope to pay the credit card off in about a year. I'm never, ever borrowing money again (with the exception of a house). It's great not having any payments. I feel free.
People that have 4 or 500 dollar car payments are fucking crazy. You're a slave. You don't even own the car, the bank does, you're just paying them 500 a month to ride in the fucking thing. Rent a cab, it'd be cheaper.
It just shames me to see so many Americans making the mistake of borrowing money. Consumer debt is up to an alltime high, like it is each and every year; higher, higher, higher. Drop that shit and own what you have. The only way a bank makes money is on YOUR money. Make money on your own money, dont' let somebody else have it.
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I feel ya.
I am at 32,000 for college loans, and 3,000 for credit cards. My car is still being paid for, and it's hard starting off when you are in debt. When the Great Depression hit, the main cause was everyone borrowing money, and not being able to pay it off. Borrowing money is a very dangerous thing, and should always be done responsibly. Once I get my full time job, I should be straight, but the Lord knows it's a long road ahead.
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i can't complain about credit cards...i found one that i loved and i stick with it...
it's a credit card availavle to Navy personel, $5000 limit and a minimum of $1 payment a month, and as long as that $1 is paid, there's no interest 8)
plus with financial aid and the GI Bill, i don't ever have to pay for college, in fact i get extra money in my pocket for going to college...
but you do have a good point, i never go on a payment plan for anything...if i don't have the money for it right there, then i can't afford it
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How many of you have caught this concept? It's in the bible; "The Borrower is Slave to the Lender".
I'm never, ever, ever going to borrow money to buy something again. When I was in High School, I borrowed money from my dad to buy a car. When I was in College, I borrowed money on credit cards to just fuck off and do whatever I wanted. Years later, I ended up owing 16 thousand dollars in College Loans for a degree I don't even need to use, and 12,000 dollars in Credit Card bills, with not 1 thing to show for it.
Today, I have it knocked down to the college loan and 1 credit card, and I hope to pay the credit card off in about a year. I'm never, ever borrowing money again (with the exception of a house). It's great not having any payments. I feel free.
People that have 4 or 500 dollar car payments are fucking crazy. You're a slave. You don't even own the car, the bank does, you're just paying them 500 a month to ride in the fucking thing. Rent a cab, it'd be cheaper.
It just shames me to see so many Americans making the mistake of borrowing money. Consumer debt is up to an alltime high, like it is each and every year; higher, higher, higher. Drop that shit and own what you have. The only way a bank makes money is on YOUR money. Make money on your own money, dont' let somebody else have it.
you're right, but that's how our capitalistic society works. go to sweden.
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NO, that is NOT how our capitalistic society works. That is how people choose to use, our capitalistic society. As a matter of fact, if you live in this capitalistic society without incurring debt, you have the opportunity to earn a SHITLOAD of money. When you're in debt, though, the SHITLOAD of money is what you're throwing away each month in interest fees.
That Navy Card sounds like a good deal, Smerlus. Just be sure not to let the temptation lead you into buying shit you don't need or can't afford.
I saw this guy on fuckin' MTV the other day, on Punk'd. They were trying to act like he stole some money, or whatever, and he made the comment about how he bought his car "My Daddy always said, if you can finance it, you can afford it".
I felt like jumping through time and smacking his daddy in the fucking mouth.
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lol you guys are weak ;D
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In Islam, borrowing money is strongly disliked, allowed but disliked, and charging interest is sin. The only time the Prophet Muhammad (saws) adviced the Muslims to borrow money is if one is too poor to get married.
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Very true.. Have said this before, but I never borrow money.
I have one credit card and one debit card. I pay my credit card bill off in full every month. I use it for convenience rather than as 'credit'.. I have the money.. See.. I pay for little things on either, coz it really doesn't matter.. depending how money is going i use the credit or the debit.. all a credit card is to me is a debit card with a 1 month time delay :)
an example.. a few weeks ago my car broke.. i had to pay out roughly two payments of $400 each for that.
1 went on debit, so it came right out, the other went on credit, i'll pay that in a month..
it ends up that my monthly bill is always about the same anyways because I spread the load as best as possible.
or maybe i'll wait to buy something until it would come out of the next months credit..
I figure the 'real' credit is there for if I * really * need it then.. but i've never had to yet.
I also have a chunk of 'security' cash saved... I get a bonus.. where does it go? right on that pile.. unless i've been saving for something.. i want something?.. i just go get it :)
i look at some of my friends and i think its stupid how all they do every month is piss their money up the wall (basically spend it all on drink..) run out of money 2 weeks into the month, end up borrowing, and eventually end up with nothing.. then moan about being broke for the last 2 weeks.. the debts they ran up they have to pay when they get paid, and they're back to square one... round and round they go and they dont learn.. lifes about progression right? how u gonna progress if you aint moving forwards?
the thing about being 'free' is so true... i have minimal bills each month, because all i have is running living costs. and you know whats crazy, being 'free' means you can save faster..
if it came to it if i lost or quit my job, and live my life as is with just my minimal bills and cut back to virtually no extras i could manage easily for over 6 months while looking for something else, or just chilling.. thats pretty free..
they keep freaking about consumer debt being at an all time high here too.
plus... how stupid is it to borrow.. you end up paying a lot more for the same thing!.. Duh!!
"the borrower is slave to the lender" (Proverbs 22:7)
:)
btw.. haven't you heard.. the rich people are the ones careful with their money ;)
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Very true.. Have said this before, but I never borrow money.
I have one credit card and one debit card. I pay my credit card bill off in full every month. I use it for convenience rather than as 'credit'.. I have the money.. See.. I pay for little things on either, coz it really doesn't matter.. depending how money is going i use the credit or the debit.. all a credit card is to me is a debit card with a 1 month time delay :)
Well how are you going to build up your credit with 1 card.
I have no debit card but I have 4 credit cards (2 MasterCard/1 Visa/1 Discover)
Yeah I aslo pay off bills every month...lol they probably hate me cause they're not making money off me ;D
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build up credit for what? i dont need it..
i have 5k ($10k) credit on that one card... so... ?
yes i know your credit rating is better the more in debt you are (as longs you dont fall behind) but thats the trap!
if i *need* to borrow, then i will.. i dont, so i wont..
?
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build up credit for what? i dont need it..
i have 5k ($10k) credit on that one card... so... ?
yes i know your credit rating is better the more in debt you are (as longs you dont fall behind) but thats the trap!
if i *need* to borrow, then i will.. i dont, so i wont..
?
No credit/bad credit good luck buying a house ;)
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stupid though isnt it?
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stupid though isnt it?
If I ran a Real Estate company I wouldn't sell a house to some1 off the street ;D
lol you know a late credit card payments stay on your credit report for 7 years minimum ;D
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but in reality i have a perfect payment record for 5 years for my credit card... sux huh
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Very true.. Have said this before, but I never borrow money.
I have one credit card and one debit card. I pay my credit card bill off in full every month. I use it for convenience rather than as 'credit'.. I have the money.. See.. I pay for little things on either, coz it really doesn't matter.. depending how money is going i use the credit or the debit.. all a credit card is to me is a debit card with a 1 month time delay :)
Well how are you going to build up your credit with 1 card.
I have no debit card but I have 4 credit cards (2 MasterCard/1 Visa/1 Discover)
Yeah I aslo pay off bills every month...lol they probably hate me cause they're not making money off me ;D
It's a MYTH that you 'need' to 'build up' your credit. Don't listen to that shit.
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Very true.. Have said this before, but I never borrow money.
I have one credit card and one debit card. I pay my credit card bill off in full every month. I use it for convenience rather than as 'credit'.. I have the money.. See.. I pay for little things on either, coz it really doesn't matter.. depending how money is going i use the credit or the debit.. all a credit card is to me is a debit card with a 1 month time delay :)
an example.. a few weeks ago my car broke.. i had to pay out roughly two payments of $400 each for that.
1 went on debit, so it came right out, the other went on credit, i'll pay that in a month..
it ends up that my monthly bill is always about the same anyways because I spread the load as best as possible.
or maybe i'll wait to buy something until it would come out of the next months credit..
I figure the 'real' credit is there for if I * really * need it then.. but i've never had to yet.
I also have a chunk of 'security' cash saved... I get a bonus.. where does it go? right on that pile.. unless i've been saving for something.. i want something?.. i just go get it :)
i look at some of my friends and i think its stupid how all they do every month is piss their money up the wall (basically spend it all on drink..) run out of money 2 weeks into the month, end up borrowing, and eventually end up with nothing.. then moan about being broke for the last 2 weeks.. the debts they ran up they have to pay when they get paid, and they're back to square one... round and round they go and they dont learn.. lifes about progression right? how u gonna progress if you aint moving forwards?
the thing about being 'free' is so true... i have minimal bills each month, because all i have is running living costs. and you know whats crazy, being 'free' means you can save faster..
if it came to it if i lost or quit my job, and live my life as is with just my minimal bills and cut back to virtually no extras i could manage easily for over 6 months while looking for something else, or just chilling.. thats pretty free..
they keep freaking about consumer debt being at an all time high here too.
plus... how stupid is it to borrow.. you end up paying a lot more for the same thing!.. Duh!!
"the borrower is slave to the lender" (Proverbs 22:7)
:)
btw.. haven't you heard.. the rich people are the ones careful with their money ;)
Exactly, 100%. You're farther ahead than most people are financially.
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build up credit for what? i dont need it..
i have 5k ($10k) credit on that one card... so... ?
yes i know your credit rating is better the more in debt you are (as longs you dont fall behind) but thats the trap!
if i *need* to borrow, then i will.. i dont, so i wont..
?
Exactly. Your credit is great. Don't listen to him, you don't need to incur a shitload of debt to buy a house. As a matter of fact, you don't need to incur much debt at all, actually purchasing it. You don't NEED a credit record with you owing people all kinds of fucking money. That's bullshit. Of course, I oughta watch what I say, it may be different over there, but money's pretty universal. You can easily buy a house in America with no credit, and you don't have any bad credit, so you're in great shape. I'd save at least 20% downpayment, though, because then you don't have to pay Private Mortgage Insurance, which can run about 70 bucks a month per hundred thousand.
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build up credit for what? i dont need it..
i have 5k ($10k) credit on that one card... so... ?
yes i know your credit rating is better the more in debt you are (as longs you dont fall behind) but thats the trap!
if i *need* to borrow, then i will.. i dont, so i wont..
?
No credit/bad credit good luck buying a house ;)
another god thing about the Navy, i'm gauranteed to qualifu for a $150,000 loan
;D
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^ there are MANNNNNY good things about the Navy. Sounds like you have a nice little setup there, that's cool.
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lol Trauma ;D your house probably cost you $50,000 in Carolina.
;)
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lol.. man i wish houses were that price here.. haha
right now where i live you can expect to pay over $200,000 for a small 2 bed room house (1 double room, 1 single room)... shits nuts..
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March 13, 2004
The median housing price in San Diego County set another record last month at $406,000, as resale houses shot up 23 percent from a year earlier, locally based DataQuick Information Systems reported yesterday.
Overall prices were up 13.7 percent from February 2003, when the median home in the county cost $357,000. Sales totaled 3,927, up 5.4 percent from February 2003, and the highest February on record.
http://www.signonsandiego.com/news/business/20040313-9999-news_1b13housing.html (http://www.signonsandiego.com/news/business/20040313-9999-news_1b13housing.html)
Shoot me :P
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nuts.. what kind of property is a 'median house' ?
i live in a lil country town... not a city..
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nuts.. what kind of property is a 'median house' ?
i live in a lil country town... not a city..
Overseer you don't know the defnition of median? Remember median, mean, mode?
The property they are talking about are single family homes 3-5 Bedrooms/2 story home in most cases.
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yea i guessed that, i figured it meant kinda average...
whats the base entry price for property there?e
the 'average' here is up around $320,000 right now... its stupid...
houses used to be worth half what they are now 10 years ago.
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Things are much different here. Idiots like the bitch that posted above don't know shit about North Carolina, but it has a great mix of rural and urban areas (like any state). I live in Charlotte, one of the largest cities in America, so of course land prices are much more expensive there... if you get out a few miles from the city, though, the prices drop dramatically. You can't go by 'average home price' because in Charlotte, you can get a decent 3 bedroom ranch style home on a third of an acre in a nice neighborhood for about 120,000. You can also buy a 1 bedroom loft downtown for 3 million dollars. So averages don't help much in real estate.
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only $120k? jeez... i wish!!
i would have trouble getting a flat (ya'll call em apartments right?) for that here.. anywheres...
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Good post & quote Trauma. In my opinion, Proverbs is the best part of the Bible to read besides The Psalms Of David. Those are the most applicable lessons throughout all times in the Bible.
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http://www.dqnews.com/ZIPSDUT.shtm (http://www.dqnews.com/ZIPSDUT.shtm)
The farther you are from water(east)...the cheaper it gets.
lol Head Trauma/Overseer don't know what a median is ;D
MAX TEACHES MATH
$100,000
$50,000
$50,000
$15,000
[[[[$15,000]]]] Median
$15,000
$15,000
$9,000
$9,000
Ok that 9 house prices in descending order.
So the one halfway down the list, the fifth value, is $15,000. That's the median. If the median is between two numbers calculate the average. So its not really the average its the most occurrence.
Class dismissed
;D
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I know full well what a median is, dumbass. O stated the 'average' around him, and I said the average doesn't really mean much, and gave some figures locally. There will NEVER, EVER be a day when a piece of shit like you can teach me anything.
the 'average' here is up around $320,000 right now... its stupid...
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Things are much different here. Idiots like the bitch that posted above don't know shit about North Carolina, but it has a great mix of rural and urban areas (like any state). I live in Charlotte, one of the largest cities in America, so of course land prices are much more expensive there... if you get out a few miles from the city, though, the prices drop dramatically. You can't go by 'average home price' because in Charlotte, you can get a decent 3 bedroom ranch style home on a third of an acre in a nice neighborhood for about 120,000. You can also buy a 1 bedroom loft downtown for 3 million dollars. So averages don't help much in real estate.
Eat shit ::) ;D I school you on a regular basis.
Stop trying to go back on what you thought a median was idiot.
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before this 'mean' shit came up i was talking about the ENTRY price, *not* a mean price, i said that ~after~ you said about median prices.. course i know statistics (standard deviations etc blah blah blah)
where i live at least entry prices into the housing market over here are a nightmare right now.
where i live the *cheapest* houses on sale (thats for a small 2 bedroom house) aren't under £110,000 right now.. (thats roughly $220,000)
Compared to where Rud lives up north.. entry house prices are 70,000! ($140,000)
first time buyers are priced out of the market down here..
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Things are much different here. Idiots like the bitch that posted above don't know shit about North Carolina, but it has a great mix of rural and urban areas (like any state). I live in Charlotte, one of the largest cities in America, so of course land prices are much more expensive there... if you get out a few miles from the city, though, the prices drop dramatically. You can't go by 'average home price' because in Charlotte, you can get a decent 3 bedroom ranch style home on a third of an acre in a nice neighborhood for about 120,000. You can also buy a 1 bedroom loft downtown for 3 million dollars. So averages don't help much in real estate.
Eat shit ::) ;D I school you on a regular basis.
Stop trying to go back on what you thought a median was idiot.
Did you even read a fucking thing I said? You said Median. O said Average. So I gave the averages here, and said they don't mean anything. GROW THE FUCK UP.
O, don't apologize to this cunt, I know exactly what you were talking about. He's got the intellect of an 8 year old.
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lol.. itsthat didnt i didnt actually ask what median was i asked *that kind of property* i.e. is it a large 4 bedroom? an apartment?
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Things are much different here. Idiots like the bitch that posted above don't know shit about North Carolina, but it has a great mix of rural and urban areas (like any state). I live in Charlotte, one of the largest cities in America, so of course land prices are much more expensive there... if you get out a few miles from the city, though, the prices drop dramatically. You can't go by 'average home price' because in Charlotte, you can get a decent 3 bedroom ranch style home on a third of an acre in a nice neighborhood for about 120,000. You can also buy a 1 bedroom loft downtown for 3 million dollars. So averages don't help much in real estate.
Eat shit ::) ;D I school you on a regular basis.
Stop trying to go back on what you thought a median was idiot.
Did you even read a fucking thing I said? You said Median. O said Average. So I gave the averages here, and said they don't mean anything. GROW THE FUCK UP.
O, don't apologize to this cunt, I know exactly what you were talking about. He's got the intellect of an 8 year old.
So why did you refer to me then ;D retard.
Idiots like the bitch that posted above don't know shit about North Carolina, but it has a great mix of rural and urban areas (like any state).
haha