> -----Original Message----- > From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On Behalf Of > Dennis > Sent: Monday, September 19, 2005 10:15 AM > To: Provo Linux Users Group Mailing List > Subject: Re: The perfect MP3 player > > Grant Shipley wrote: > > >On 9/18/05, Dave Smith <[EMAIL PROTECTED]> wrote: > > > > > >>Yeah, I guess we all have our weaknesses... I waste my money on Roth IRA > >>mutual funds, my 401(k), and paying down my house. I've never owned an > >>MP3 player, except the Cassiopeia e15 I bought for $90 on Yahoo Auctions > >>5 years ago, with 16Mb of RAM, and that only played in mono, and barely > >>at that. I should probably do a better job of contributing to the > >>economy by spending more on electronics. > >> > >> > > > >I hardly call putting money away in investments and savings a waste of > >money or a weakness. However, it is very important that we save > >enough for our future (retirement) WHILE enjoying life now. Call my > >crazy but lets say for example I had 2000 a month to save, I would > >rather save 1700 and budget in 100 a month for entertainment/toys and > >another 200 a month for vacations. But -- I am the type of person who > >enjoys living in a 180k home and having extra money to spend while > >others enjoy living in 400k homes with no money to spend. It all > >personal preference but please don't assume that because people buy > >things they enjoy that they are not saving. > > > >I am not a big fan of paying extra on my house every month. Lets say > >a house payment was 1000.00 a month but you had 1500.00 a month you > >can spend on a house. Wouldn't it be better to pay the 1000.00 and > >put the other 500.00 in a savings account? At the end of three years > >you would have made your house payments and 18000k in a savings > >account. Then, when you lose you job, you can make your house payment > >for 18 months (while looking for work) as opposed to owing a little > >less but not having the money to make payments with the possibility of > >losing your home. When you have enough in your savings account to pay > >off your home, do it then. > > > > > Get a home equity line of credit (with a fixed interest rate) for 100% > of the value of your current mortgage. Then use the equity line to pay > off your mortgage. You now only have an equity credit line payment and > no mortgage. > > Next, put all your money you would have saved in a savings account in > the mortgage. Next, put all the rest of the money you wouldn't normally > pay on your mortgage in there too. Now, when you need to buy something, > just take out the amount you need. > > This only works if you can live within your means. If you do it > however, you'll save a lot of money. The savings is realized by the > smaller interest you pay each month. > > If you loose your job you can live for some time on the equity line. > Getting close to paying off the line, you simply withdraw a sum of money > back to a savings account before you pay it off. > > -Dennis > /* > PLUG: http://plug.org, #utah on irc.freenode.net > Unsubscribe: http://plug.org/mailman/options/plug > Don't fear the penguin. > */
Geez... buying an MP3 player is way more complicated than I ever imagined... Andrew /* PLUG: http://plug.org, #utah on irc.freenode.net Unsubscribe: http://plug.org/mailman/options/plug Don't fear the penguin. */
