MossRoad
Super Moderator
- Joined
- Aug 31, 2001
- Messages
- 57,682
- Location
- South Bend, Indiana (near)
- Tractor
- Power Trac PT425 2001 Model Year
Which is why we don't have loans.It's never about how much you make, it's about how much you save.
Which is why we don't have loans.It's never about how much you make, it's about how much you save.
which makes it impossible to have a good credit score...Which is why we don't have loans.
My take on that kind of response is that you might be rather unforgiving and probably not morally superior to your friend.Any close "friend" that did that to me would be the last time I lent my time or equipment unless he paid for it.
You don't get to write off the interest unless you pay more in interest than the standard deduction. DUH!
That's $25,900 for a married couple filing jointly for 2022.
No it doesn't. We have had no loans since 1995 and have an outstanding credit score.which makes it impossible to have a good credit score...
I accidently hit the Good Post button. I have not had a loan since I bought my first house in 1973 and paid it off by 1978. My credit score has been over 800 for many years. I would never pay interest on a loan to try to raise my credit score. I have credit cards that pay me back rebates and I pay the balance in full every month. There are many different factors that determine your credit score.which makes it impossible to have a good credit score...
My experience in life has taught me that people like that neighbor are good at taking and not as good at giving.My take on that kind of response is that you might be rather unforgiving and probably not morally superior to your friend.
In 37 years of marriage (today, happy anniversary sweetie) we've itemized every year and never once beat the standard deduction. Kids. Mortgage. Medical expenses. Property taxes. Sales taxes. All of it. Not once. Yet we've managed to pay off a house. 20 acres of land. Another house. Sent 2 kids to private school k-12. Both to Purdue debt free. Take great vacations and drive decent cars. Saved about 4 decades worth of income in investments, too. Add to that social security, the value of our house, land and possessions, we have enough cash to last us well past 110. All on two people making average wages and living below their means.More than interest goes into the standard deduction...which when combined with other deductions, makes that interest write off glorious in a raising rate environment.
LOL...No it doesn't. We have had no loans since 1995 and have an outstanding credit score.
If you go back and hit the good post button again, it should take it back.I accidently hit the Good Post button. I have not had a loan since I bought my first house in 1973 and paid it off by 1978. My credit score has been over 800 for many years. I would never pay interest on a loan to try to raise my credit score. I have credit cards that pay me back rebates and I pay the balance in full every month. There are many different factors that determine your credit score.