Anonymous wrote:Not OP, but 30k girl, if you have good credit, or even just ok credit, try to refi the car loan with a credit union if your rate is higher than 2.2% - SECU in Maryland has good rates.

What are the rates and terms of your student loans?

I would direct ALL your energy on getting rid of that CC debt first thing.

I don't have great credit (not very established, obviously, I have more debt than I should). Student loan rates are very low (state government covers the interest).

Anonymous wrote:Not OP, but 30k girl, if you have good credit, or even just ok credit, try to refi the car loan with a credit union if your rate is higher than 2.2% - SECU in Maryland has good rates.

What are the rates and terms of your student loans?

I would direct ALL your energy on getting rid of that CC debt first thing.

There's a porn thread at "explicit sex" DCUM that will help with this.

Not OP, but 30k girl, if you have good credit, or even just ok credit, try to refi the car loan with a credit union if your rate is higher than 2.2% - SECU in Maryland has good rates.

What are the rates and terms of your student loans?

I would direct ALL your energy on getting rid of that CC debt first thing.

Anonymous wrote:Hmm. I am in a different boat from most posters here.

26 years old and single.

Work two jobs for a total of $300,000 before taxes.

$15,000 remaining in student debt.

$1,500 in credit card debt (I know, I know).

Owe $8,400 more on a $21,000 car.

No assets, really.

NP here- I'm not the OP nor am I rich, but girl, pay off that debt ASAP and start saving for your future home/retirement! You're working hard at two jobs and making good $, do the smart thing!

Anonymous wrote:21:14, do you really earn $300k or is it $30k? If $300k, I don't understand why you have your debt, unless it's at 0 percent or something. If $30k, can you do without the car? Bike maybe? Public transport? Cars eat up a lot in loans, maintenance, gas, tickets, etc.

Ha! Yes, sorry, $30,000. My id clearly thinks I should be wealthier. Cannot do without the car. It is essential to my jobs.

21:14, do you really earn $300k or is it $30k? If $300k, I don't understand why you have your debt, unless it's at 0 percent or something. If $30k, can you do without the car? Bike maybe? Public transport? Cars eat up a lot in loans, maintenance, gas, tickets, etc.

If OP is still around...

DH age 36-earns 360k
DW age 34-SAHM

2 kids. (elementary age)
36,000 college debt

1,195,000 home with 1 mil. left on mortgage for the next 30 years (just bought)

500,000 in mutual funds and

350,000 in bank-- from an inheritance from the loss of both parents- (not sure what to do with it yet, the rest is in aforementioned mutual funds)

60,000 emergency fund

Nothing in 529 yet.

Would love to know your thoughts here. Thanks

Hmm. I am in a different boat from most posters here.

26 years old and single.

Work two jobs for a total of $300,000 before taxes.

$15,000 remaining in student debt.

$1,500 in credit card debt (I know, I know).

Owe $8,400 more on a $21,000 car.

No assets, really.

^^^PP here, I should add that the kids' college funds are a mix of 529s and Vanguard funds (chosen by our financial planner some years ago).

I'll bite, too. I'd love to hear your advice.

Me: 52 YO, work PT make $100,000. Thinking about working FT again but I do love PT.
DH 57 YO-$90,000.

1 house worth about $800K currently, we owe $100K on it. It will be paid off in five years.

DH and I together have about $1.4M in retirement.

DH plans to work another ten years but has a chronic illness and may need to retire sooner than that.

Other savings:

$50K emergency/liquid fund

$150K liquid - I just inherited, not sure what to do with this

$220K for the two kids' college educations; kids are 15yo and 12yo, 9th and 6th grades.

We have a $10K HELOC we used to buy our two new-ish cars. We should probably pay that off with some of the liquid savings.

I am thinking about what to do with the money I've just inherited. We will use some for travel, no idea beyond that. We do need to renovate a bathroom (1955 original).

Any advice is appreciated!

OP has a husband so I assumed a she, though may be wrong. She is also the author of the helping parents in retirement thread.

OP, curious how you calculate your self worth. Have seen some very very well off real estate moguls implode when markets headed south.

Could you share the following?

Current market value of my real estate minus mortgages = ___% of my net worth.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:"I think the OP took off when he"

Hmm, I assumed OP is a she.

Smarty pants! OP said:

When I first started I always did my own management (and did until I had about a dozen properties).

The likelihood that "she" fixed the toilets, repaired the roofs and roughed up the deadbeat renters is comparatively low, so I went with "he." No apologies, either.

Just because you self manage doesn't mean you do hands on repairs...

-self managing woman who doesn't rent to deadbeats in the first place

People starting out usually do their own repairs but I'll give you the second point, for decorum's sake. Maybe OP will resolve this.

Anonymous wrote:

Anonymous wrote:"I think the OP took off when he"

Hmm, I assumed OP is a she.

Smarty pants! OP said:

When I first started I always did my own management (and did until I had about a dozen properties).

The likelihood that "she" fixed the toilets, repaired the roofs and roughed up the deadbeat renters is comparatively low, so I went with "he." No apologies, either.

Just because you self manage doesn't mean you do hands on repairs...

-self managing woman who doesn't rent to deadbeats in the first place

Anonymous wrote:"I think the OP took off when he"

Hmm, I assumed OP is a she.

Smarty pants! OP said:

When I first started I always did my own management (and did until I had about a dozen properties).

The likelihood that "she" fixed the toilets, repaired the roofs and roughed up the deadbeat renters is comparatively low, so I went with "he." No apologies, either.