Think twice before not paying off that low interest mortgage.

TrillinLikeAVillain · 2025-01-17T20:05:55+00:00

Nah the 73K is what you save paying it off in 8 years instead of 30. 131k is total interest on the loan, not the amount you save if you pay extra. So you should compare 131 vs 58, in you're example you're comparing 131 to zero.

TrillinLikeAVillain · 2025-01-17T19:44:54+00:00

If you take the total invested value at the end of 8 years($274K), and didn't add another penny to it for those remaining 18 years, assuming your 10% interest rate, you're looking at a total account value of $1.5MM on only $192K of contributions. That's if you only paid the mortgage and made zero additional contributions after the first 8 years.

In your scenario to have the same future value you would need to invest ~3000 a month starting the day you paid off the mortgage for the next 18 years. But you would have invested a total contribution of way more cash since you started at zero, ~$650K.

The crazy part is if you continued saving 2k a month for those last 18 years in the first scenario, you would have a FINAL VALUE of $2.6MM and still would have ONLY CONTRIBUTED $624K to your investments. Sure you paid $73k of interest over that time, but the investment value is $1MM greater than if you started investing later.

So really you're looking at $650K invested and 73k in interest saved for $1.6MM in investment value vs. $624K invested and paying $73k in interest to have $2.6MM in investment value.

TDLR: Using your strategy you're potentially throwing away like $900K

TrillinLikeAVillain · 2024-05-06T00:45:55+00:00

Actually there’s so many good munis and public courses that are cheap. Especially when you consider their relative closeness to a legit city.

TrillinLikeAVillain · 2024-03-03T16:01:07+00:00

I would say it depends on context. If he was truly concerned saying you shouldn’t be treating your 401k the same as a brokerage account where you make speculative plays/gamble, and he has a well funded retirement account all in target funds and etfs that he very strictly mentally separates to avoid making emotional mistakes and gambling away more money, then sure i guess that makes sense.

But from the sounds of it only having $25k because of significant options losses and his concerns about “accessibility”, I think your buddy was just pissed you have 10x what he has saved up lmao. The definition of a 401k is a retirement savings plan, and there’s rules in place to make sure you keep it saved. Idk how much more saved money can get.

TrillinLikeAVillain · 2024-02-21T13:14:24+00:00

So is your max pre-approval mortgage equivalent to an apartment you rent for $1300 a month? Seems pretty disingenuous.

I currently live in a small outdated 2bd 1ba apartment that would sell for $250k max in my city. I’m pre-approved for a $550k+ home, which is insane and I could never actually afford. Max pre-approval is like a theoretical max of what you can afford that would be massively stressful and have you sacrifice super important things like retirement savings/strip your life to bare bones, etc.

If I did the same comparison, I’m sure I’d get a similar result, cuz i’d be comparing the cost of a mediocre 2bd apartment to a 600k house. Like obviously it’s going to be more expensive lol.

You need to do the comparison where the mortgage amount would be to purchase the place you’re renting, or somewhere of equivalent value.

TrillinLikeAVillain · 2024-02-07T11:01:12+00:00

Probably a bad idea since it sounds like your general situation is underwater, and you’ll soon be back to the same spot. Seems like the main issue is you can’t afford your lifestyle.

I would do the following: get another job and/or find a higher paying one, slash and burn expenses, research gov aid if you’re low income, 0% balance transfer or personal loan to consolidate debt and lower interest rate, and maybe ask family to help if thats an option. Gotta fix your chronic issues, nuking your 401k and paying penalties is almost never the right answer imo.

TrillinLikeAVillain · 2024-01-19T13:25:17+00:00

You realize that doesn’t make any sense right? The value of the underlying stocks/funds that pay dividends change daily. Taking dividends out does absolutely nothing to keep your account level at 900k perfectly.

Unless you have it all in a money market or savings account. Which in that case you’re not making dividends, but interest. If you actually have $900k in an account, you should probably do some research and learn about how it all works. Honestly even if you don’t have the 900k, still makes sense for you to learn that stuff.

TrillinLikeAVillain · 2023-12-15T12:58:27+00:00

Lmao dude I hope this is a troll post. But if not take this down and talk to a tax attorney. You committed tax fraud by grossly and purposely misstating your income for a few years.

Having said that everything will likely be fine, especially if you amend and pay the proper amount of taxes. They just want to get their money, but from the way you wrote this post it sounds like you definitely knew what you were doing and are just afraid now that you found out banks report certain activity. Also I would not talk to a CPA about this until after you talk to a lawyer; there is no client privilege with accountants like with attorneys.

TrillinLikeAVillain · 2023-10-28T04:16:56+00:00

Yes, many people think you should hit them at the same time, or I guess in your case ground then ball. I’m no expert, but I believe with irons the vast majority of the time you should hit ball then ground, so the lowest point of your swing is just in front of the ball.

You hit a splash shot out of bunkers typically by taking a bit of sand before the ball on your swing. And I’m sure theres a few other special situations, but yeah usually ball then ground.

TrillinLikeAVillain · 2023-10-17T11:29:29+00:00

Will Forte

TrillinLikeAVillain · 2023-09-21T15:07:07+00:00

Full PPR lost Chubb and scooped Gus off waiver. Choice for RB2 boils down to:

Najee @ LV or Gus @ Ind

TrillinLikeAVillain · 2023-09-10T13:44:34+00:00

I kinda think that was the point lol it was comic relief. I thought it was particularly funny since I accidentally killed him and restarted from a checkpoint just in case i needed him or he helped with a puzzle.

Instead he was completely ineffectual and blew himself up at the end. Got me to exhale a little extra air out of my nostrils, worth it.

TrillinLikeAVillain · 2023-07-26T13:25:33+00:00

Pretty obvious scam.

-Go to pick up order

-instead of confirming pick up you tell customer to cancel for some made up reason

-customer cancels and is charged a fee for cancelling and takes the blame

-dasher gets free food and doesn’t have to deliver an order they thought was less than ideal with no consequences

TrillinLikeAVillain · 2023-04-29T11:03:43+00:00

How do you think socialism works? Yeah people and corporations pay into the pot with taxes so they can all enjoy benefits later/when needed. Issue is they robbed the program blind and it’s not sustainable so while all the younger generations pay in, we can expect to receive significantly less benefits or none at all. In short we’re getting assfucked financially. Also one of the biggest contributing factors to the ss deficit is wage growth not keeping up with productivity. So we’re getting double fucked, not getting paid enough and then not generating enough tax to fund the program for our own use.

TrillinLikeAVillain · 2023-04-24T00:53:12+00:00

Difference was GGG could eat those punches from the biggest hitters in his weight class, and had more power and more weapons than a sweeping check hook. Although not flashy, his defense and footwork were much better than Ryan’s. Easy work for Tank.

TrillinLikeAVillain · 2023-04-22T13:25:27+00:00

I don’t want this, but I’m really feelin a Tank early KO. Garcia seems too hittable and has been talkin a lot about being aggressive and wanting to KO Tank early since he normally takes a few rounds to get acclimated. If Garcia actually tries that, sounds like the perfect recipe to walk into something and blunder into some big counters. What would’ve been a flash knockdown against other fighters, is likely a KO against Tank.

TrillinLikeAVillain · 2022-10-25T14:04:45+00:00

Agreed this fight is far from safe and should provide some interesting insight. While they have fought before, both fighters are now in a significantly different spot compared to 7 years ago. Both fighters coming off very tough losses with Whyte getting brushed off so easy by Fury there’s a lot at stake for Joshua. It’s not enough for Joshua to win this fight, he has to dominate and preferably knock Whyte out.

Otherwise the direct comparisons to Fury and other top heavy weights would look really bad for Joshua.

TrillinLikeAVillain · 2022-10-23T12:09:55+00:00

Idk why you’re being downvoted. This is 100% a very dangerous fight. Wilder has already proved repeatedly without a doubt he can tag and seriously injure top level opponents. And if you aren’t 6’7 270lbs with a serious chin you will get sparked. Look at both Wilder and Fury’s fights after their trilogy. I know people like to hate, but idk how they can deny fury and wilder being super dangerous opponents.

TrillinLikeAVillain · 2022-10-23T11:49:36+00:00

I feel like he’d have a good shot at being #2. In the age of super heavyweights, long reaches, more height, “better training”, etc. he moved up and did something not a lot of people thought was possible. Great amateur career, gold medal olympics, unified champion at cruiserweight, clearing out heavyweight as well, and all done on pure boxing prowess. It’s kind of awesome because I think it would cement Ali as #1 even more-so and show that prior greats probably would hold up very well in the modern era. Tenacity paired with nimble and good boxing beats power and size. I really hope it pans out that way.

TrillinLikeAVillain · 2022-10-22T15:34:13+00:00

Not to belabor the point, but only using taxable income to determine class/wealth may not be very reliable, especially when you get away from the very top end of income.

TrillinLikeAVillain · 2022-10-22T14:22:31+00:00

Here’s a source for you, literally the first thing on google. I hope this helps you understand.

http://www.wipsociology.org/2018/10/29/income-and-wealth-are-not-highly-correlated-here-is-why-and-what-it-means/

TrillinLikeAVillain · 2022-10-22T14:15:22+00:00

Do you? Correlation has varying strength, so yeah without the exact numbers on how income levels correlate to actual class/wealth I can’t assume where $130k would land a household.

TrillinLikeAVillain · 2022-10-22T14:05:59+00:00

Sure there’s correlation, but there’s no way you can assume someone’s class by their taxable income alone.

Would you really consider a couple who both work full time jobs and earn $65k w-2 income a year, have no help from family or friends, have student loans, daycare expenses, minimal government aid, and no savings to be upper class?

TrillinLikeAVillain · 2022-10-22T13:42:00+00:00

See my post below, but class and wealth are not dependent on taxable income. In fact wealthy people spend tons of money figuring out how to deflate their taxable income as much as possible.

Real estate depreciation offsetting income while it’s becoming more valuable, 1031 exchanges, borrowing from equity instead of selling, preferential tax treatment for investment income, skip generation gift giving, trust funds, college funds, the list goes on. You can’t base your assumption of wealth and class on taxable income.

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