I have a buddy who swears by his car leases. He says they're great because he

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Aug 4, 2022
6:38:16pm

Cougar Junkie Truly Addicted User

doesn't have to worry about the car breaking down after the warranty expires.

This message has been modified

Originally posted on Aug 4, 2022 at 6:38:16pm

Message modified by Cougar Junkie on Aug 4, 2022 at 6:38:55pm

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Cougar Junkie

Bio page: Cougar Junkie
Joined: Oct 10, 2001
Last login: Apr 28, 2024
Total posts: 10,095 (12 FO)

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Messages

Author

Time

10 Money Traps To Avoid

brazilcoug

8/4/22 6:32pm

Marriage...kids...

EEcougar

8/4/22 6:36pm

I've done a 401k loan, but it was paid back 60 days later. Ooh yeah and those evil credit cards. I got a couple. Man

DJROSS

8/4/22 6:38pm

RE: I've done a 401k loan, but it was paid back 60 days later. Ooh yeah and

brazilcoug

8/4/22 6:42pm

I have a buddy who swears by his car leases. He says they're great because he

Cougar Junkie

8/4/22 6:38pm

If there was a reasonable drive it into the ground leasing option I might bite, but for someone who racks up serious

DJROSS

8/4/22 6:42pm

If you own your own business, leases with lowest reserve possible can be great.

Mtbcoug

8/4/22 6:50pm

Hmmm. Never considered that. I'll look into it.

DJROSS

8/4/22 7:27pm

“I have a buddy…” 😂🤣😂

brazilcoug

8/4/22 6:43pm

Okay, you busted me.

Cougar Junkie

8/4/22 6:47pm

RE: 10 Money Traps To Avoid

BoiseBlueCoug

8/4/22 6:38pm

BOAT — Break Out Another Thousand

Cougar Junkie

8/4/22 6:39pm

Best family investment I ever did. But ya, it’s expensive.

FromCAtoUT

8/5/22 12:20am

I know a CPA who got financially destroyed by an ARM. Avoid at all cost.

Jeff Spicoli

8/4/22 6:39pm

ARMs can be better products if you know you won’t be in place for very long.

Iman23

8/4/22 6:44pm

You get killed when something unexpected happens.

Cougforgood

8/4/22 8:08pm

Agreed. That's a no go. I don't care how desperate someone is to "own" a house.

DJROSS

8/4/22 6:45pm

Several of those can make a ton of sense in certain circumstances.

garyfan

8/4/22 6:39pm

RE: Several of those can make a ton of sense in certain circumstances.

brazilcoug

8/4/22 6:45pm

RE: Several of those can make a ton of sense in certain circumstances.

garyfan

8/4/22 6:50pm

I am utterly shocked that the guy who insists that he has life figured out

crazY

8/4/22 7:53pm

I used a 401k loan for down payment on house. I got back 300k when we sold 7 yrs

ordinary tri guy

8/4/22 6:40pm

RE: I used a 401k loan for down payment on house. I got back 300k when we sold 7

brazilcoug

8/4/22 6:46pm

Same here. I cut out the PMI charges and paid myself back. I'd do a 401k loan

Forzaitalia

8/4/22 7:09pm

401K loans, if you pay them back, are very useful

HiLife

8/4/22 7:44pm

Yep same way for me. It was a great option.

ordinary tri guy

8/4/22 8:06pm

The only one I've done is credit cards. I just have no-fee cards, and always

Cougar Junkie

8/4/22 6:42pm

Yep we do credit cards too under the same philosophy. There is the

AFewThoughts

8/4/22 6:55pm

Ahhh come on.. You can't just have one...

DJROSS

8/4/22 7:32pm

I have a few cards I pay hundreds in fees a year. Its

SouthernBlueBlood

8/4/22 7:44pm

For me, the Costco credit card works the best. I buy a lot of gas (4% back)

Cougar Junkie

8/4/22 7:58pm

Credit cards are fine

Princepete

8/4/22 6:43pm

Dave Ramsey is great for people that have no discipline and need bright line

Ozymandias

8/4/22 6:50pm

And "baby" steps. Because, you know, a "regular" step can be daunting.

Cougar Junkie

8/4/22 6:56pm

The argument is so…

brazilcoug

8/4/22 7:02pm

Okay dude. Yawn all you want. I have never paid a cent in credit card interest

Ozymandias

8/4/22 7:09pm

Laugh all you want. Glad I didn’t follow his advice.

Ozymandias

8/4/22 7:20pm

Dave Ramsey didn't get rich on the expense side of the equation. He got rich on

Dryfire

8/4/22 7:38pm

Dave Ramsey: Don't use credit cards...now pay me...

WJCougar

8/4/22 7:02pm

And buy all these overpriced goods and services I am marketing to you while I

Ozymandias

8/4/22 7:03pm

… Said every financial advisor ever. Dave doesn’t ask for much and his services

brazilcoug

8/4/22 7:05pm

Do you send him a check in the mail?

garyfan

8/4/22 7:08pm

My biggest gripe about Dave is that he has a debt-free scream hourly on his show

Cougar Junkie

8/4/22 7:10pm

My goodness. Of all the things to complain about.

brazilcoug

8/4/22 7:19pm

I enjoy his show otherwise. When the debt-free scream segment starts, I change

Cougar Junkie

8/4/22 7:24pm

Lol. Look into the money he receives for “recommendations” to ELPs and what it

Ozymandias

8/4/22 7:14pm

Wow. I’ll just 😃

brazilcoug

8/4/22 7:20pm

More like

Ozymandias

8/4/22 7:21pm

#11: paying your employees market rates

Mitty

8/4/22 7:13pm

The "market rate" is how much an employee is willing to work for. To argue

Cougar Junkie

8/4/22 7:16pm

RE: The "market rate" is how much an employee is willing to work for. To argue

Ozymandias

8/4/22 7:19pm

Oops. My bad.

Cougar Junkie

8/4/22 7:25pm

Really dumb to not take advantage of credit card rewards and pay them off.

Manauara

8/4/22 9:16pm

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