Overheard at Work

[trailrated]

SF is a very walkable city. Walking drunk is fun. Just, you know, try not to get stabbed.

People worry about that one way too much here.  I hardly ever get stabbed when walking home drunk.

Ahahahaha that made my day

[manonfire1007]

I work with doctors of one sort or another. Many are in thier 50s and 60s. Some have life circumstances that contribute to this, but 0 docs that I know have thier houses paid off. There's no way I'm getting to that stage with a mortgage. Some of these guys make half mil a year.

[Melody]

Well I guess youn dont work with any sensible doctors because at half a mil a year they're all retired ;)
Had a great overheard a work today... coworker needed to go to the pysio because his kneemwas causing him problems but couldn't afford to go because he had no sick leave left. I wasn't sure what was worse... we get 10 sick days a year and they accumulate indefinitely,  so I can barely comprehend how they would run out, or not being able to loose 5% of your monthly pay cheque!

[DeepEllumStache]

Some of the doctors could be holding onto their mortgages strategically if they got a really low interest rate.  If they don't mind the additional risk, holding a 3% mortgage while investing in the stock market could yield them a much better return.

[Rollin]

Had an offsite work meeting last week, which most folks had to travel to.  It took two hotel vans and a personal car to shuttle folks to the office...  across the street.

Incredible.

Was that due to their sloth, perception of poor safety, or bad land use/pedestrian planning?

[Rollin]

Put to prevent this thread from getting too foamy,  here's something on topic.

+1  - that works!

[dragoncar]

Some of the doctors could be holding onto their mortgages strategically if they got a really low interest rate.  If they don't mind the additional risk, holding a 3% mortgage while investing in the stock market could yield them a much better return.

They could be, but doctors are notoriously bad with money.  There must be something about living like a pauper into your late 20s/early 30s before making a shit ton

[Cheddar Stacker]

I work with doctors of one sort or another. Many are in thier 50s and 60s. Some have life circumstances that contribute to this, but 0 docs that I know have thier houses paid off. There's no way I'm getting to that stage with a mortgage. Some of these guys make half mil a year.

I plan to carry a mortgage well into retirement. Different strokes and all, you know.

[boarder42]

I work with doctors of one sort or another. Many are in thier 50s and 60s. Some have life circumstances that contribute to this, but 0 docs that I know have thier houses paid off. There's no way I'm getting to that stage with a mortgage. Some of these guys make half mil a year.

I plan to carry a mortgage well into retirement. Different strokes and all, you know.

Yeah having a house paid off isn't a necessity esp. at today's interest rates.  I would argue it would take you longer to reach FI if you paid off your house vs. investing the money.  (and based on historical avg's i'd win)

[Pooperman]

I work with doctors of one sort or another. Many are in thier 50s and 60s. Some have life circumstances that contribute to this, but 0 docs that I know have thier houses paid off. There's no way I'm getting to that stage with a mortgage. Some of these guys make half mil a year.

I plan to carry a mortgage well into retirement. Different strokes and all, you know.

Yeah having a house paid off isn't a necessity esp. at today's interest rates.  I would argue it would take you longer to reach FI if you paid off your house vs. investing the money.  (and based on historical avg's i'd win)

If you pay off your house in FI, you'll be over the FI line by whatever the monthly payment is (you've over-saved). If you pay if off before, you've lost money that could have been gaining money for you so it takes longer (under-saved relatively). The correct thing is probably to have your mortgage end the day you FI. You're not undercutting yourself nor oversaving (not that over-saving is bad). For knife-edge FI perfection, having house payed off causing you to be FI exactly makes the most sense to me.

[dragoncar]

I work with doctors of one sort or another. Many are in thier 50s and 60s. Some have life circumstances that contribute to this, but 0 docs that I know have thier houses paid off. There's no way I'm getting to that stage with a mortgage. Some of these guys make half mil a year.

I plan to carry a mortgage well into retirement. Different strokes and all, you know.

Yeah having a house paid off isn't a necessity esp. at today's interest rates.  I would argue it would take you longer to reach FI if you paid off your house vs. investing the money.  (and based on historical avg's i'd win)

If you pay off your house in FI, you'll be over the FI line by whatever the monthly payment is (you've over-saved). If you pay if off before, you've lost money that could have been gaining money for you so it takes longer (under-saved relatively). The correct thing is probably to have your mortgage end the day you FI. You're not undercutting yourself nor oversaving (not that over-saving is bad). For knife-edge FI perfection, having house payed off causing you to be FI exactly makes the most sense to me.

Or just simulate your mortgage payment ending partway into retirement.  I think cfiresim has this option

[Cheddar Stacker]

If you pay off your house in FI, you'll be over the FI line by whatever the monthly payment is (you've over-saved). If you pay if off before, you've lost money that could have been gaining money for you so it takes longer (under-saved relatively). The correct thing is probably to have your mortgage end the day you FI. You're not undercutting yourself nor oversaving (not that over-saving is bad). For knife-edge FI perfection, having house payed off causing you to be FI exactly makes the most sense to me.

I think I get what you're saying but there are ways around "over-saving". Example:

Annual spend without mortgage = $40,000
Annual spend with mortgage = $50,000
Years left on mortgage = 8
Stache needed to cover FI today using exactly a 4% SWR = $1,080,000 ($1M + excess cash needed ($10K) for 8 years)

If you can calculate this and everything else makes sense, you've saved exactly what you need, no under or over saving, and you still have a mortgage into FIRE.

[lifejoy]

If you pay off your house in FI, you'll be over the FI line by whatever the monthly payment is (you've over-saved). If you pay if off before, you've lost money that could have been gaining money for you so it takes longer (under-saved relatively). The correct thing is probably to have your mortgage end the day you FI. You're not undercutting yourself nor oversaving (not that over-saving is bad). For knife-edge FI perfection, having house payed off causing you to be FI exactly makes the most sense to me.

I think I get what you're saying but there are ways around "over-saving". Example:

Annual spend without mortgage = $40,000
Annual spend with mortgage = $50,000
Years left on mortgage = 8
Stache needed to cover FI today using exactly a 4% SWR = $1,080,000 ($1M + excess cash needed ($10K) for 8 years)

If you can calculate this and everything else makes sense, you've saved exactly what you need, no under or over saving, and you still have a mortgage into FIRE.

Question: say you're strategically hanging on to your mortgage. Then you get sick and can't work anymore. Would that make you wish you had paid off the house?

[lifejoy]

Overheard at work:

Multiple coworkers have said to me, "Oooh you're a doctor's wife now! He'll have to buy you some nice jewellery, a nice big rock... Etc."

I never anticipated being defined in this away by my husband's career. Apparently there is a whole way a doctor's wife is supposed to live, act, dress...

*facepalm*

[senecando]

Overheard at work:

Multiple coworkers have said to me, "Oooh you're a doctor's wife now! He'll have to buy you some nice jewellery, a nice big rock... Etc."

I never anticipated being defined in this away by my husband's career. Apparently there is a whole way a doctor's wife is supposed to live, act, dress...

*facepalm*

You have to start wearing a bedazzled stethoscope, right?

[lifejoy]

Overheard at work:

Multiple coworkers have said to me, "Oooh you're a doctor's wife now! He'll have to buy you some nice jewellery, a nice big rock... Etc."

I never anticipated being defined in this away by my husband's career. Apparently there is a whole way a doctor's wife is supposed to live, act, dress...

*facepalm*

You have to start wearing a bedazzled stethoscope, right?

No, I'm not quite sure you get it... HE would wear the bedazzled stethoscope, I would wear jewels around my ears, neck, wrist, and fingers. ;)

Not to mention the fact that now we have to buy a giant house! Darn.

[Cheddar Stacker]

Question: say you're strategically hanging on to your mortgage. Then you get sick and can't work anymore. Would that make you wish you had paid off the house?

A few years ago, maybe, because our stache was smaller than our mortgage. But I could have also sold the house and hoped to come out of that with a little cash, or at least a much smaller loan.

Now that our stache far exceeds our mortgage I have no worries. We have over 2 years of mortgage payments in liquid investments and cash, and total holdings including tax deferred accounts 1.33x our total outstanding mortgage. By the end of 2015 I expect holdings to be 3 yrs of payments liquid and ~1.8x our total outstanding mortgage.

It's not perfect, but there's a safety margin in place now aside from disability pay. A few more years from now it won't even be on my radar.

[lifejoy]

Question: say you're strategically hanging on to your mortgage. Then you get sick and can't work anymore. Would that make you wish you had paid off the house?

A few years ago, maybe, because our stache was smaller than our mortgage. But I could have also sold the house and hoped to come out of that with a little cash, or at least a much smaller loan.

Now that our stache far exceeds our mortgage I have no worries. We have over 2 years of mortgage payments in liquid investments and cash, and total holdings including tax deferred accounts 1.33x our total outstanding mortgage. By the end of 2015 I expect holdings to be 3 yrs of payments liquid and ~1.8x our total outstanding mortgage.

It's not perfect, but there's a safety margin in place now aside from disability pay. A few more years from now it won't even be on my radar.

That makes sense. But it highlights for me how home ownership is an emotional thing as much as it's a financial thing. I just can't stand the idea of not paying off a mortgage ASAP! Reason goes out the window, for me.

[RyanAtTanagra]

That makes sense. But it highlights for me how home ownership is an emotional thing as much as it's a financial thing. I just can't stand the idea of not paying off a mortgage ASAP! Reason goes out the window, for me.

That's ok, I'm the same way.  If we are in a position to, we will probably buy/build our first home with cash.  I know it doesn't make financial sense, but it's a home, not an investment.  A home is where you go to feel safe, secure and happy, and for some having it paid off increases all of the above.

[lifejoy]

That makes sense. But it highlights for me how home ownership is an emotional thing as much as it's a financial thing. I just can't stand the idea of not paying off a mortgage ASAP! Reason goes out the window, for me.

That's ok, I'm the same way.  If we are in a position to, we will probably buy/build our first home with cash.  I know it doesn't make financial sense, but it's a home, not an investment.  A home is where you go to feel safe, secure and happy, and for some having it paid off increases all of the above.

+1

[frugalnacho]

Put to prevent this thread from getting too foamy,  here's something on topic. We had a meeting to discuss something at work, and at the end, a coworker asked our boss about travel. Turns out he couldn't book the hotel since they want to put a hold on a credit card for the booking amount. He said he couldn't do it because he has less than $100 credit left on his card!

To be fair . . . if you're traveling for work, your work should pay for as many of your expenses as possible in full, up front.  There's really no good reason to not operate this way.  I've pretended that I am nearly at the limit of my personal credit card to force the company to do the right thing.

And forgo free rewards (or cash back)? That's madness!  As long as they reimburse you before your statement due date I don't see what the problem is.  I actually get upset when my company pays for something and I don't have the opportunity to use my personal credit card to get the cash back (or the hotel reward points).

[Cheddar Stacker]

Question: say you're strategically hanging on to your mortgage. Then you get sick and can't work anymore. Would that make you wish you had paid off the house?

A few years ago, maybe, because our stache was smaller than our mortgage. But I could have also sold the house and hoped to come out of that with a little cash, or at least a much smaller loan.

Now that our stache far exceeds our mortgage I have no worries. We have over 2 years of mortgage payments in liquid investments and cash, and total holdings including tax deferred accounts 1.33x our total outstanding mortgage. By the end of 2015 I expect holdings to be 3 yrs of payments liquid and ~1.8x our total outstanding mortgage.

It's not perfect, but there's a safety margin in place now aside from disability pay. A few more years from now it won't even be on my radar.

That makes sense. But it highlights for me how home ownership is an emotional thing as much as it's a financial thing. I just can't stand the idea of not paying off a mortgage ASAP! Reason goes out the window, for me.

I do everything in my power to leave emotion out of it completely. I did not do this 7 years ago when we purchased the place, but our next purchase will be more in line with this thinking. That MMM post was one of the first ones I read shortly after finding the site and it changed my mindset. Think transactionally, not emotionally, including when considering mortgage payoff.

Mindset: You can start things off by giving yourself a great gift that will make the rest of the process go much more smoothly: a calm and rational mind. Repeat after me: “I am not buying a flowery pillowcase of emotions or a future of warm memories. I am conducting a business transaction to purchase a piece of land and an assembled collection of construction materials.”

Perfect.

[going2ER]

I was recently moved into a new office location so I'm working with all new people, although there are only 3 of us.

I was talking to one of the men, he's about 55-60 years old, about a section of the highway where cops always wait for speeders. Because I use to drive past this location daily, as I had to go that way to get to my old office, I said that I always set my cruise control, that way I didn't need to worry about getting a ticket. He was telling me that he had a Tracks? (its a small SUV) that he had to trade in after 2 years before he had hardly anything paid on it as it didn't have cruise. The conversation ended around then as one of us had to do something workwise.

So yesterday, we were both leaving another office building at the same time and I see him get into his car. A shiny new BMW, it looked really nice, but seriously? I have no idea what kind of BMW it is as I am not a car person. So I guess I know why he is still working.

[NoraLenderbee]

Back in the 90s, a co-worker was telling my boyfriend how expensive it was to have children. Apparently the first thing he "had" to do when his wife got pregnant was go out and spend 30K on a new luxury car.  Because you can't possibly drive Baby around in the two Mercedes convertibles you already have.

(30K bought a new Acura Vigor back then.)

[Elderwood17]

So yesterday, we were both leaving another office building at the same time and I see him get into his car. A shiny new BMW, it looked really nice, but seriously? I have no idea what kind of BMW it is as I am not a car person. So I guess I know why he is still working.

A lot of people would rather work and buy fancy things than retire and not spend on high end cars, etc.  I have a co-worker who just turned 60 and I know he has over a million in retirement accts but he keeps working because he loves his cars and his two boats.  I think he is nuts but he thinks I am nuts for driving my old econocar and talking about retiring early.

Others don't think about it at all....they just buy!

[Pooperman]

So yesterday, we were both leaving another office building at the same time and I see him get into his car. A shiny new BMW, it looked really nice, but seriously? I have no idea what kind of BMW it is as I am not a car person. So I guess I know why he is still working.

A lot of people would rather work and buy fancy things than retire and not spend on high end cars, etc.  I have a co-worker who just turned 60 and I know he has over a million in retirement accts but he keeps working because he loves his cars and his two boats.  I think he is nuts but he thinks I am nuts for driving my old econocar and talking about retiring early.

Others don't think about it at all....they just buy!

If someone knows they could retire if they were to save a lot but instead chooses to spend money on cars, etc (but no debt), then I am totally comfortable with that decision. There's a guy in my office like that (likes to work, likes his toys). It's the people who don't realize there is another way and just mindlessly consume, go into debt, and complain about their (solvable) problems that deserve to be in this thread.

[Josiecat]

I love my job RIGHT NOW. It could all change.  Wonder if my awesome boss leaves?  Wonder if I get a crazy, micromanagement boss what hates me?  Wonder if the company gets sold.  So many things could go wrong.  I'm thinking it's better to be prepared for RE just in case.  If I continue to love my job, I will continue to work as long as it's fun.

[MikeBear]

Around here in my area in mid Michigan, you can buy a very good livable house for a total mortgage payment of 1/2 of what the same house would rent for. $100k or less. You could also pay crazy prices if you have more money than brains.

It might not be a "dream house", but it wouldn't be a junker or chicken house either.

[mm1970]

Overheard at work:

Multiple coworkers have said to me, "Oooh you're a doctor's wife now! He'll have to buy you some nice jewellery, a nice big rock... Etc."

I never anticipated being defined in this away by my husband's career. Apparently there is a whole way a doctor's wife is supposed to live, act, dress...

*facepalm*

You have to start wearing a bedazzled stethoscope, right?

No, I'm not quite sure you get it... HE would wear the bedazzled stethoscope, I would wear jewels around my ears, neck, wrist, and fingers. ;)

Not to mention the fact that now we have to buy a giant house! Darn.

Don't forget his and hers BMWs.

My dentist and my OB/GYN both drive them.

Then again, my GP rides his bike to work.

[Malaysia41]

Overheard at work:

Multiple coworkers have said to me, "Oooh you're a doctor's wife now! He'll have to buy you some nice jewellery, a nice big rock... Etc."

I never anticipated being defined in this away by my husband's career. Apparently there is a whole way a doctor's wife is supposed to live, act, dress...

*facepalm*

When I find myself in a group of expat ladies, the first question they usually ask is, "so, tell us, what does your husband do?"

Even as I answer, the whole time I'm thinking, 'why is this even relevant?  He's not ever here!  However I'm here so how about you ask me to tell you about me?'

Yeah - it's the whole defined by SO's career thing.  I know just how that feels now.

[lifejoy]

Overheard at work:

Multiple coworkers have said to me, "Oooh you're a doctor's wife now! He'll have to buy you some nice jewellery, a nice big rock... Etc."

I never anticipated being defined in this away by my husband's career. Apparently there is a whole way a doctor's wife is supposed to live, act, dress...

*facepalm*

When I find myself in a group of expat ladies, the first question they usually ask is, "so, tell us, what does your husband do?"

Even as I answer, the whole time I'm thinking, 'why is this even relevant?  He's not ever here!  However I'm here so how about you ask me to tell you about me?'

Yeah - it's the whole defined by SO's career thing.  I know just how that feels now.

It's bizarre! But it's just another reason to achieve FIRE as soon as possible. What do people expect of unemployed (aka FIRE'd)  people? 8D Win.

[plainjane]

Coworker1 - this is why I can't save money, because I keep on going to the slots
Coworker2 - sometimes you win a lot, so you're probably at par
Coworker1 - yeah

(last night after a work event they went to the casino, CW1 lost 120, CW2 won 130)

[odput]

Coworker1 - this is why I can't save money, because I keep on going to the slots
Coworker2 - sometimes you win a lot, so you're probably at par
Coworker1 - yeah

(last night after a work event they went to the casino, CW1 lost 120, CW2 won 130)

Sounds like CW2 needs a lesson in statistics...

[AlanStache]

Coworker1 - this is why I can't save money, because I keep on going to the slots
Coworker2 - sometimes you win a lot, so you're probably at par
Coworker1 - yeah

(last night after a work event they went to the casino, CW1 lost 120, CW2 won 130)

Sounds like CW2 needs a lesson in statistics...

I always loved the slots, mainly because often casinos will advertise that you will lose 0.03$ per 1.0$ played, as if this was a good thing.  (I do play some blackjack to be social on work trips but I fully understand that I am down relative the house.)

[RWD]

Coworker1 - this is why I can't save money, because I keep on going to the slots
Coworker2 - sometimes you win a lot, so you're probably at par
Coworker1 - yeah

(last night after a work event they went to the casino, CW1 lost 120, CW2 won 130)

Sounds like CW2 needs a lesson in statistics...

I always loved the slots, mainly because often casinos will advertise that you will lose 0.03$ per 1.0$ played, as if this was a good thing.  (I do play some blackjack to be social on work trips but I fully understand that I am down relative the house.)

It is possible to not lose money at the casino (or even come out ahead) on average if you don't play the wrong games and take advantage of promotional deals. See Casino Gambling for Dummies. I don't recommend gambling in general, but if you are going to do it on occasion then it's best to be informed.

[VirginiaBob]

Coworker1 - this is why I can't save money, because I keep on going to the slots
Coworker2 - sometimes you win a lot, so you're probably at par
Coworker1 - yeah

(last night after a work event they went to the casino, CW1 lost 120, CW2 won 130)

Sounds like CW2 needs a lesson in statistics...

I always loved the slots, mainly because often casinos will advertise that you will lose 0.03$ per 1.0$ played, as if this was a good thing.  (I do play some blackjack to be social on work trips but I fully understand that I am down relative the house.)

My parents are the worst offenders.  Huge gamblers and always complaining about money and asking thier kids for handouts.  Always report the nights they come out ahead, but never discuss the nights they lose.

[Pooperman]

Coworker1 - this is why I can't save money, because I keep on going to the slots
Coworker2 - sometimes you win a lot, so you're probably at par
Coworker1 - yeah

(last night after a work event they went to the casino, CW1 lost 120, CW2 won 130)

Sounds like CW2 needs a lesson in statistics...

I always loved the slots, mainly because often casinos will advertise that you will lose 0.03$ per 1.0$ played, as if this was a good thing.  (I do play some blackjack to be social on work trips but I fully understand that I am down relative the house.)

My parents are the worst offenders.  Huge gamblers and always complaining about money and asking thier kids for handouts.  Always report the nights they come out ahead, but never discuss the nights they lose.

SO's mother is very much the same way. She likes to pull that arm. SO and I have been gambling a combined 5 times or so. About $20 up between us give or take, but we don't enjoy it so we don't go. Super boring when the thrill isn't there (if you act like an adult, not a child). I'd like to try poker when my company takes a trip to atlantic city next year more for the experience than anything else.

[AgileTurtle]

a while back when I was moving a coworker asked if I was getting movers or just going to buy new stuff. I said neither, I am taking my current things and moving them myself to the new place. He was amazed. He said he sometimes has movers move the stuff he still likes but usally buys new things once he gets to the new place. That way they will deliver them and set it up for him.

[Travis]

From a book of Murphy's Laws: Gambling - A tax on people who are bad at math. See also "lottery."

[jda1984]

a while back when I was moving a coworker asked if I was getting movers or just going to buy new stuff. I said neither, I am taking my current things and moving them myself to the new place. He was amazed. He said he sometimes has movers move the stuff he still likes but usally buys new things once he gets to the new place. That way they will deliver them and set it up for him.

Wow!  What does he do with the stuff he doesn't like?  Just leave it there for the landlord (or new owners) to take care of (and deduct from his deposit)?  I hope I don't have him for a tenant.

[dragoncar]

a while back when I was moving a coworker asked if I was getting movers or just going to buy new stuff. I said neither, I am taking my current things and moving them myself to the new place. He was amazed. He said he sometimes has movers move the stuff he still likes but usally buys new things once he gets to the new place. That way they will deliver them and set it up for him.

Wow!  What does he do with the stuff he doesn't like?  Just leave it there for the landlord (or new owners) to take care of (and deduct from his deposit)?  I hope I don't have him for a tenant.

Yeah but free stuff.  Just craigslist it

[VirginiaBob]

LOL - We are actually in the camp of throwing stuff out instead of moving it.  Just the rental fees of the truck and gas expense is  worth way more than the old bachelor furniture we currently have.

[AgileTurtle]

LOL - We are actually in the camp of throwing stuff out instead of moving it.  Just the rental fees of the truck and gas expense is  worth way more than the old bachelor furniture we currently have.

How do you get diffrent stuff to the new place then without moving it? You toss out your old stuff. You get to the new place now what?

[VirginiaBob]

LOL - We are actually in the camp of throwing stuff out instead of moving it.  Just the rental fees of the truck and gas expense is  worth way more than the old bachelor furniture we currently have.

How do you get diffrent stuff to the new place then without moving it? You toss out your old stuff. You get to the new place now what?

The plan is to take out a very high interest loan and buy a bunch of stuff for the new house from the highest end stores in town.  Then I will make the minimum payments on that high interest loan.  I will delay buying this stuff  for months though so that we can eat out at restarants every day instead of utizing our kitchen.

[dragoncar]

LOL - We are actually in the camp of throwing stuff out instead of moving it.  Just the rental fees of the truck and gas expense is  worth way more than the old bachelor furniture we currently have.

How do you get diffrent stuff to the new place then without moving it? You toss out your old stuff. You get to the new place now what?

The plan is to take out a very high interest loan and buy a bunch of stuff for the new house from the highest end stores in town.  Then I will make the minimum payments on that high interest loan.  I will delay buying this stuff  for months though so that we can eat out at restarants every day instead of utizing our kitchen.

This is stupid.  I suggest rent-to-own instead.

[skunkfunk]

LOL - We are actually in the camp of throwing stuff out instead of moving it.  Just the rental fees of the truck and gas expense is  worth way more than the old bachelor furniture we currently have.

How do you get diffrent stuff to the new place then without moving it? You toss out your old stuff. You get to the new place now what?

The plan is to take out a very high interest loan and buy a bunch of stuff for the new house from the highest end stores in town.  Then I will make the minimum payments on that high interest loan.  I will delay buying this stuff  for months though so that we can eat out at restarants every day instead of utizing our kitchen.

This is stupid.  I suggest rent-to-own instead.

Why the hell would you do that?? You'll get repo'd on a rent-to-own once you default! When I default on the credit card it just goes to stupid collections and I get to keep the stuff.

[AgileTurtle]

LOL - We are actually in the camp of throwing stuff out instead of moving it.  Just the rental fees of the truck and gas expense is  worth way more than the old bachelor furniture we currently have.

How do you get diffrent stuff to the new place then without moving it? You toss out your old stuff. You get to the new place now what?

The plan is to take out a very high interest loan and buy a bunch of stuff for the new house from the highest end stores in town.  Then I will make the minimum payments on that high interest loan.  I will delay buying this stuff  for months though so that we can eat out at restarants every day instead of utizing our kitchen.

This is stupid.  I suggest rent-to-own instead.

I make my rent to own payments with cash advance money.

[frugalnacho]

a while back when I was moving a coworker asked if I was getting movers or just going to buy new stuff. I said neither, I am taking my current things and moving them myself to the new place. He was amazed. He said he sometimes has movers move the stuff he still likes but usally buys new things once he gets to the new place. That way they will deliver them and set it up for him.

Wow!  What does he do with the stuff he doesn't like?  Just leave it there for the landlord (or new owners) to take care of (and deduct from his deposit)?  I hope I don't have him for a tenant.

Yeah but free stuff.  Just craigslist it

Or charge him a removal/disposal fee, and also list it on craigslist.  It's win-win.

[skunkfunk]

I make my rent to own payments with cash advance money.

Then how do you pay the mortgage?

[Threshkin]

LOL - We are actually in the camp of throwing stuff out instead of moving it.  Just the rental fees of the truck and gas expense is  worth way more than the old bachelor furniture we currently have.

How do you get diffrent stuff to the new place then without moving it? You toss out your old stuff. You get to the new place now what?

The plan is to take out a very high interest loan and buy a bunch of stuff for the new house from the highest end stores in town.  Then I will make the minimum payments on that high interest loan.  I will delay buying this stuff  for months though so that we can eat out at restarants every day instead of utizing our kitchen.

This is stupid.  I suggest rent-to-own instead.

Why the hell would you do that?? You'll get repo'd on a rent-to-own once you default! When I default on the credit card it just goes to stupid collections and I get to keep the stuff.

I just rent-to-own.  Then when I have to move for non-payment of rent I don't need to move all that crap.  I just stop paying and let them repo it.  Moving problem solved!