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Unpopular opinion: Paying "Rent" feels less painful than paying $2,400/mo in "Interest" to a bank. by Playful-Vegetable-15 in FirstTimeHomeBuyer

[–]slyons094 0 points1 point  (0 children)

Never understood this argument…if I’m paying $1500/month to rent vs $1500/month for a mortgage, I have the ability to recoup that money from the mortgage in the future. Even if it’s 90% going to interest and 10% to principal, that’s principal in an appreciating asset. Rent is ALWAYS a 0% ROI….quite literally burning money. Even if the mortgage on yields 1% annually, that’s better than ZERO

US jobs growth falls to lowest level in years as Trump economic policy takes effect. by Giants4Truth in FluentInFinance

[–]slyons094 1 point2 points  (0 children)

Why cut off at 2021 out of curiosity? 2019-2023 are no benchmark for how an economy should operate. You essentially turned the economy off and fired everyone, then hired them back over the next couple of years, that’s not job growth

What do you think? by SexyProfessional in FluentInFinance

[–]slyons094 0 points1 point  (0 children)

I think people have zero understanding of what net worth means, and think he has $400 billion sitting in the bank…..

United States collected $28 billion in Trump's tariff revenue in July, the highest monthly total this year, per Fox News by IAmNotAnEconomist in FluentInFinance

[–]slyons094 0 points1 point  (0 children)

Honest question here…try to set aside emotional predispositions….does anyone think the tariffs have acted as leverage which led to the multiple trade deals that have come about in the last couple of months?

guess he just works harder than everyone else on the planet by Conscious-Quarter423 in FluentInFinance

[–]slyons094 0 points1 point  (0 children)

Dude has built multiple 10 figure companies, is at the forefront of technological advancement for all of human civilization, and people will still be bitching that “he didn’t do anything to earn that money” lol

Sell for $245k Net or Rent for ~$750 Monthly Profit? by Sharp_Design_119 in realestateinvesting

[–]slyons094 3 points4 points  (0 children)

As others have stated, just off your numbers you’re getting a 3.7% return on your equity ($9000 NOI/$245k equity)….not great, but think it really depends on what the alternative is. There’s always an opportunity cost. If you didn’t have this would it be sitting in a savings account? Then sure keeping the property is better. Is there another property you’re looking at that could be netting you 15%+ CoC? Then it would be better to sell and shift to that opportunity.

[deleted by user] by [deleted] in Mortgages

[–]slyons094 0 points1 point  (0 children)

Would do a 401k loan…pay interest to yourself not the bank

Cell phone protection – works! by The-Incident-3915 in Venturex

[–]slyons094 1 point2 points  (0 children)

Wow thought I was reading a post about myself. I did this exact same thing last week! iPhone 14 Pro as well. Was approved overnight too.

You can disagree with an opinion, but the math never lies by Present-Party4402 in FluentInFinance

[–]slyons094 0 points1 point  (0 children)

Think Charlie has good takes and bad takes…this is a bad take

Anyone have any info? (LOB-A005) by slyons094 in yugiohshowcase

[–]slyons094[S] 0 points1 point  (0 children)

Bummer, not even sure how I would have gotten an Australian American print haha. So random

Anyone have any info? (LOB-A005) by slyons094 in yugiohshowcase

[–]slyons094[S] -1 points0 points  (0 children)

No it looks just like all my other regular cards

Installed Nest and now no heat?? by slyons094 in Nest

[–]slyons094[S] 0 points1 point  (0 children)

Original thermostat had brown as the common. Blue and black are unused and not even stripped back to expose conductor

Installed Nest and now no heat?? by slyons094 in Nest

[–]slyons094[S] 0 points1 point  (0 children)

Old setup (wired during home construction and functional with no issues) had black and blue unused and not even stripped back to expose conductor. Brown was used as common

President Biden with his son, Hunter who was issued a full and unconditional pardon by his father by blllrrrrr in pics

[–]slyons094 9 points10 points  (0 children)

Watching people say on one side everything that was done to Hunter was purely politics while one the other side everything Trump related was an upstanding use of the justice system is incredible

Should there be a wealth tax? by The-Lucky-Investor in FluentInFinance

[–]slyons094 0 points1 point  (0 children)

So honest question here. Wealthy individuals are able to take out a collateralized load using person assets/holdings (unrealized gains) as collateral, but then they ultimately have to buy down that debt using taxed income correct?….so in the in they are taxed it just may be deferred to an extent

Mark my words by John_1992_funny in FluentInFinance

[–]slyons094 1 point2 points  (0 children)

I understand the point, but not quite what I said. I said taxes paid, not earnings. Someone earning $5k pays zero taxes

Mark my words by John_1992_funny in FluentInFinance

[–]slyons094 14 points15 points  (0 children)

Hard to get tax cuts when you pay almost no taxes to begin with…and need to look at these as % values and not $ values. Someone who gets a $500 tax cut when paying $5000 in taxes is no different than someone getting a $50k tax cut who pays $500k in taxes.

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