Madison MoneySports - Personal Finance Thread

[Kaan]

I have all of your bad decisions beat. I'm $400,000 in debt and make $58,000 per year working 80 hour weeks. Hope it makes everyone feel a little better about their life choices.

Tyler - hot damn. I'll be your special date for a celebratory dinner. Hit me up.

Obligatory comment that we should definitely pay education expenses for doctors, my God.

i mean its way more complicated than just paying for education... litigation in general, do you pay the $400k doctor bill or just rehab the entire education expense part and pay that "lower" bill.. etc. but lets not turn this into politics... 

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We "finally" paid down our FHA loan enough for PMI to go away. by the time the interest rates and property values aligned to refinance and make it go away... it was cheaper to just pay it down and keep the remaining years on the mortgage. 

Once we got rid of PMI i guess the company took us seriously (i tracked it down to the month)... we got an offer to do a program to pay half 15 days early and the other half on time, something about speeding up our pay off? anyone have any experience with that? 

either way, with paying over and now rolling our PMI amount into an over payment, we should be paid off in 10 more years... just in time to participate in the "catch up" retirement programs when you are over 50 and all that jazz. 

now to keep to the budget and roll my next two raises into retirement property... or maybe just an enclosed trailer with a nice diesel (priorities)