CF Financial

[PhillyPhreak54]

Nah, from what I gather is its a self help financial book that is on the aggressive side rather than the traditional safer investing.

Someone recommended it to me today.

[Diomedes]

I don't read self help books.

[ice grillin you]

isnt a self help book the ultimate oxymoron

[Diomedes]

I always thought the ultimate oxymoron was

jumbo shrimp

[ice grillin you]

happily married

[Diomedes]

lol

[SD]

happily married

lol

[ice grillin you]

holy bat signal

[Diomedes]

don't let it go to your head boss

[PoopyfaceMcGee]

interest rates are so low right now i am thinking about going to a 15 year mortgage which would only cost me 400 more per month

If you have any other debt, it's probably better to go with a 30-year.  Then you can pay extra every month once you pay off the car, et al.  If not, have at it.  Pretty cool to get that close to paying off your crib.

Has anyone read "Rich Dad, Poor Dad" and if so, what are your thoughts on it?

Yes.  It will give you some good ideas, but keep this in mind:
-The guy is a cocky shtein and feels that with dedication and hard work, anyone can become absolutely filthy rich.
-The guy is absolutely filthy rich.  Made his money first from real estate but mostly from getting suckers like us to buy his books and attend his seminars.  If you don't think you will make a ton of money like that, you're better off buying a book about budgeting.

[PhillyPhreak54]

I'm pretty good about budgeting, but I want to learn investing. I want to be able to know the ins and outs of the markets so I can grow my savings.

[ice grillin you]

interest rates are so low right now i am thinking about going to a 15 year mortgage which would only cost me 400 more per month

If you have any other debt, it's probably better to go with a 30-year.  Then you can pay extra every month once you pay off the car, et al.  If not, have at it.  Pretty cool to get that close to paying off your crib.

no debt whatsoever...but we still may go in that direction as ill probably be getting a new car in the next couple years

[PoopyfaceMcGee]

I'm pretty good about budgeting, but I want to learn investing. I want to be able to know the ins and outs of the markets so I can grow my savings.

Rich Dad Poor Dad will teach you nothing about investing.

no debt whatsoever...but we still may go in that direction as ill probably be getting a new car in the next couple years

GOAT - FYI, I did the math on a 15 vs 30 and figured if I made the same payment amount from the 15-year at the 30-year rate, it would take 15 years and 9 months to pay off.

If your ladyfriend has a gubment job too, might as well go with the 15.  Mad job security.  Plus, you'll just blow the difference on air travel and chain restaurants.

[Diomedes]

We have a mortgage, college loans, and a note on the kid carrier.

In the last four or five months, three of the four credit cards I hold have instituted a yearly membership fee of something like sixty bucks.  The only card which hasn't is the Sears Mastercard.

I'm a good customer, though I rarely use plastic, when I do, I pay it off on time.  They don't admittedly make much money on me because of this, but all the same, you'd think they'd want to keep a customer they've had for 10+ years who pays his bills.  Nope.  All three made it clear: pay the yearly fee or cancel the card.

I cancelled all three.  Now my credit rating is damaged, because I have about 30 thousand less available credit.

These are the rewards you can expect for being fiscally responsible.

Now if I want to bring that credit rating back up, I have to go out and find a couple cards that don't charge yearly fees, just so I can demonstrate an ability to have (but not overuse) available credit.  And of course, every inquiry against my account in an attempt to apply for a new card will be logged, and will be seen as a red flag on the credit rating.

The whole system is a scam.

[SD]

This game is rigged, man. We like the little bitches on a chessboard.