Question for those better with financial matters than I· Page 3

DakotaT
Select Member

12 years ago

Summary: Wade and DakotaT need to have a steak cook-off. In my backyard. And I get to be the judge. Also, this cook-off is every week so I can take the tasty left-overs to work every day.

Originally Posted by: Porforis

You get us some Packer tickets and it's a go.

Formo
Veteran Member

12 years ago

#22

You get us some Packer tickets and it's a go.

Originally Posted by: Dakotat

Don't believe him.. I've gotten tickets to last years Vikings/Packers game as promised and DakotaT flaked.. 🙂

Thanks to TheViking88 for the sig!!

DakotaT
Select Member

12 years ago

#23

Don't believe him.. I've gotten tickets to last years Vikings/Packers game as promised and DakotaT flaked.. =)

Originally Posted by: Formo

Eat shit asshole, I had way more important things to do you bitch.

That one's even beneath you. 😳 [grin1]

dyeah_gb
Member

12 years ago

#24

Is there something I'm just not getting about how traditional retirement accounts compound interest vs loans compounding interest, or is there absolutely zero reason to invest more than what your company matches until you've gotten out of debt?

Originally Posted by: Porforis

My opinion is that you are two steps ahead of many others to be thinking about these issues in your mid 20s. As others have said, first is, at a minimum, invest to maximize your job's price matching policy. As for what is left over, I would focus on paying the loan off early and accumulating some cash in savings or a fairly liquid investment for emergencies. I think the rule of thumb is to have 1/2 year salary available in cash for when one might hit a rough patch.

Interestingly, I wonder if eating out is more expensive now. In the past few months, my grocery bill has been really absurd. It would be of interest to run the numbers on avg. groceries versus eating out to see if it really still saves alot of money. Of course it also depends on eating at mcdonalds versus more quality restaurants.

The first principle is that you must not fool yourself, and you are the easiest person to fool - R. Feynman

Wade
Veteran Member

12 years ago

#25

Summary: Wade and DakotaT need to have a steak cook-off. In my backyard. And I get to be the judge. Also, this cook-off is every week so I can take the tasty left-overs to work every day.

Originally Posted by: Porforis

If I were a wagering man, I'd probably take DakotaT -- he has the edge in the other component, experience. Despite my agedness, I expect he has a good deal more experience cooking steak than I do.[grin1]

And do not be conformed to this world, but be transformed by the renewing of your mind, that you may prove what is that good and acceptable and perfect will of God.
Romans 12:2 (NKJV)

Wade
Veteran Member

12 years ago

#26

You get us some Packer tickets and it's a go.

Originally Posted by: Dakotat

Ditto.

And do not be conformed to this world, but be transformed by the renewing of your mind, that you may prove what is that good and acceptable and perfect will of God.
Romans 12:2 (NKJV)

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