Forum Replies Created
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AuthorPosts
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LuckyInOC
ParticipantI stopped using Cosco for fuel after about a year when my vehicle engine light started turning on. Code indicated loose cap, but it never was loose. Switched back to mainly Chevron and problem went away. Shortly later, the O2 sensors before the converter failed. I believe it was from the Costco fuel.
I always use premium to save on injector maintenance/replacement. I never had any injector problems. Individuals I know that use only regular fuel recommended for their vehicles usually end up with injector issues. Premium is always $0.20 higher than regular at any price. When prices go up, premium tends to be better value.
Lucky In OC
ParticipantI stopped using Cosco for fuel after about a year when my vehicle engine light started turning on. Code indicated loose cap, but it never was loose. Switched back to mainly Chevron and problem went away. Shortly later, the O2 sensors before the converter failed. I believe it was from the Costco fuel.
I always use premium to save on injector maintenance/replacement. I never had any injector problems. Individuals I know that use only regular fuel recommended for their vehicles usually end up with injector issues. Premium is always $0.20 higher than regular at any price. When prices go up, premium tends to be better value.
Lucky In OC
ParticipantI stopped using Cosco for fuel after about a year when my vehicle engine light started turning on. Code indicated loose cap, but it never was loose. Switched back to mainly Chevron and problem went away. Shortly later, the O2 sensors before the converter failed. I believe it was from the Costco fuel.
I always use premium to save on injector maintenance/replacement. I never had any injector problems. Individuals I know that use only regular fuel recommended for their vehicles usually end up with injector issues. Premium is always $0.20 higher than regular at any price. When prices go up, premium tends to be better value.
Lucky In OC
ParticipantI stopped using Cosco for fuel after about a year when my vehicle engine light started turning on. Code indicated loose cap, but it never was loose. Switched back to mainly Chevron and problem went away. Shortly later, the O2 sensors before the converter failed. I believe it was from the Costco fuel.
I always use premium to save on injector maintenance/replacement. I never had any injector problems. Individuals I know that use only regular fuel recommended for their vehicles usually end up with injector issues. Premium is always $0.20 higher than regular at any price. When prices go up, premium tends to be better value.
Lucky In OC
Participant[quote=sdrealtor]Lucky
By 40 he has paid most of it. I was referring to someone like him being able to buy a home when he was in his early 30’s and just beginning his big earning years. Back then he had big student loans (close to $500K). He has also had to buy into a partnership the last 5 years as well as contribute toward the construction of a new office building that houses their practice. He lives anything but extravagently rarely going on a vacation. He cant afford to take the time off because he is dedicated to getting his debt paid off asap.[/quote]That’s part of delayed gratification. If you become a doctor and must get student loans, you will need to delay certain things in order to get the big payday in the end. How many individuals make $300-$500k 20 years after high school. By the way, what is the unemployment rate for doctors these days.
Your friend had a choice buying into a partnership and building a new office building. He couldn’t work for under another partnership for 5 years instead? They couldn’t find empty office space to start the partnership? By those choices, he impacted and delayed other personal choices he could make for his family. He simply started a business that requires capital, rather than work for someone else.
I want to start a recycling business. Is that noble enough to get a low-down, low interest loan on a $1M house?
Lucky In OC
Participant[quote=sdrealtor]Lucky
By 40 he has paid most of it. I was referring to someone like him being able to buy a home when he was in his early 30’s and just beginning his big earning years. Back then he had big student loans (close to $500K). He has also had to buy into a partnership the last 5 years as well as contribute toward the construction of a new office building that houses their practice. He lives anything but extravagently rarely going on a vacation. He cant afford to take the time off because he is dedicated to getting his debt paid off asap.[/quote]That’s part of delayed gratification. If you become a doctor and must get student loans, you will need to delay certain things in order to get the big payday in the end. How many individuals make $300-$500k 20 years after high school. By the way, what is the unemployment rate for doctors these days.
Your friend had a choice buying into a partnership and building a new office building. He couldn’t work for under another partnership for 5 years instead? They couldn’t find empty office space to start the partnership? By those choices, he impacted and delayed other personal choices he could make for his family. He simply started a business that requires capital, rather than work for someone else.
I want to start a recycling business. Is that noble enough to get a low-down, low interest loan on a $1M house?
Lucky In OC
Participant[quote=sdrealtor]Lucky
By 40 he has paid most of it. I was referring to someone like him being able to buy a home when he was in his early 30’s and just beginning his big earning years. Back then he had big student loans (close to $500K). He has also had to buy into a partnership the last 5 years as well as contribute toward the construction of a new office building that houses their practice. He lives anything but extravagently rarely going on a vacation. He cant afford to take the time off because he is dedicated to getting his debt paid off asap.[/quote]That’s part of delayed gratification. If you become a doctor and must get student loans, you will need to delay certain things in order to get the big payday in the end. How many individuals make $300-$500k 20 years after high school. By the way, what is the unemployment rate for doctors these days.
Your friend had a choice buying into a partnership and building a new office building. He couldn’t work for under another partnership for 5 years instead? They couldn’t find empty office space to start the partnership? By those choices, he impacted and delayed other personal choices he could make for his family. He simply started a business that requires capital, rather than work for someone else.
I want to start a recycling business. Is that noble enough to get a low-down, low interest loan on a $1M house?
Lucky In OC
Participant[quote=sdrealtor]Lucky
By 40 he has paid most of it. I was referring to someone like him being able to buy a home when he was in his early 30’s and just beginning his big earning years. Back then he had big student loans (close to $500K). He has also had to buy into a partnership the last 5 years as well as contribute toward the construction of a new office building that houses their practice. He lives anything but extravagently rarely going on a vacation. He cant afford to take the time off because he is dedicated to getting his debt paid off asap.[/quote]That’s part of delayed gratification. If you become a doctor and must get student loans, you will need to delay certain things in order to get the big payday in the end. How many individuals make $300-$500k 20 years after high school. By the way, what is the unemployment rate for doctors these days.
Your friend had a choice buying into a partnership and building a new office building. He couldn’t work for under another partnership for 5 years instead? They couldn’t find empty office space to start the partnership? By those choices, he impacted and delayed other personal choices he could make for his family. He simply started a business that requires capital, rather than work for someone else.
I want to start a recycling business. Is that noble enough to get a low-down, low interest loan on a $1M house?
Lucky In OC
Participant[quote=sdrealtor]Lucky
By 40 he has paid most of it. I was referring to someone like him being able to buy a home when he was in his early 30’s and just beginning his big earning years. Back then he had big student loans (close to $500K). He has also had to buy into a partnership the last 5 years as well as contribute toward the construction of a new office building that houses their practice. He lives anything but extravagently rarely going on a vacation. He cant afford to take the time off because he is dedicated to getting his debt paid off asap.[/quote]That’s part of delayed gratification. If you become a doctor and must get student loans, you will need to delay certain things in order to get the big payday in the end. How many individuals make $300-$500k 20 years after high school. By the way, what is the unemployment rate for doctors these days.
Your friend had a choice buying into a partnership and building a new office building. He couldn’t work for under another partnership for 5 years instead? They couldn’t find empty office space to start the partnership? By those choices, he impacted and delayed other personal choices he could make for his family. He simply started a business that requires capital, rather than work for someone else.
I want to start a recycling business. Is that noble enough to get a low-down, low interest loan on a $1M house?
Lucky In OC
ParticipantSDR, something does not sound right with your doctor friend…
From ’99 to ’05, I worked 70 hrs/wk on 2 or 3 jobs/wk as a contractor for major aerospace companies. I earned at least 1/3 to 1/4 of what your doctor friend has made in the last 6 years. During that time I had a mortgage, paid for private school for 2 kids, bought two new vehicles for cash (>$20k), and manage to put $200k (1/3) down and $30k in remodeling for 2700 sf home during the peak year. We still carried the mortgage on the first home for another 15 months. And my wife did not work and we had a son in ’04.
Just in his excess income over and above what I was able to perform in 6 years, he should have been able to pay down his student loans and taxes. It sounds like he spent most of his discretionary income on other things then saving for a home or paying down his student loans. At 40 and 9-10 years earning from 300k, it sounds like he averaged about $400k/yr or 3.6 mil. I just don’t buy he could not have paid off his student loans in that time or at least substantially reduce the amount.
He could have been paying the maximum of $2500/yr interest just to get the tax write-off during and after his first year residency. That alone would have taken off about $25k of interest + any additional accumulated interest + the tax savings.
Sounds like he needs a good tax man.
Lucky In OC
ParticipantSDR, something does not sound right with your doctor friend…
From ’99 to ’05, I worked 70 hrs/wk on 2 or 3 jobs/wk as a contractor for major aerospace companies. I earned at least 1/3 to 1/4 of what your doctor friend has made in the last 6 years. During that time I had a mortgage, paid for private school for 2 kids, bought two new vehicles for cash (>$20k), and manage to put $200k (1/3) down and $30k in remodeling for 2700 sf home during the peak year. We still carried the mortgage on the first home for another 15 months. And my wife did not work and we had a son in ’04.
Just in his excess income over and above what I was able to perform in 6 years, he should have been able to pay down his student loans and taxes. It sounds like he spent most of his discretionary income on other things then saving for a home or paying down his student loans. At 40 and 9-10 years earning from 300k, it sounds like he averaged about $400k/yr or 3.6 mil. I just don’t buy he could not have paid off his student loans in that time or at least substantially reduce the amount.
He could have been paying the maximum of $2500/yr interest just to get the tax write-off during and after his first year residency. That alone would have taken off about $25k of interest + any additional accumulated interest + the tax savings.
Sounds like he needs a good tax man.
Lucky In OC
ParticipantSDR, something does not sound right with your doctor friend…
From ’99 to ’05, I worked 70 hrs/wk on 2 or 3 jobs/wk as a contractor for major aerospace companies. I earned at least 1/3 to 1/4 of what your doctor friend has made in the last 6 years. During that time I had a mortgage, paid for private school for 2 kids, bought two new vehicles for cash (>$20k), and manage to put $200k (1/3) down and $30k in remodeling for 2700 sf home during the peak year. We still carried the mortgage on the first home for another 15 months. And my wife did not work and we had a son in ’04.
Just in his excess income over and above what I was able to perform in 6 years, he should have been able to pay down his student loans and taxes. It sounds like he spent most of his discretionary income on other things then saving for a home or paying down his student loans. At 40 and 9-10 years earning from 300k, it sounds like he averaged about $400k/yr or 3.6 mil. I just don’t buy he could not have paid off his student loans in that time or at least substantially reduce the amount.
He could have been paying the maximum of $2500/yr interest just to get the tax write-off during and after his first year residency. That alone would have taken off about $25k of interest + any additional accumulated interest + the tax savings.
Sounds like he needs a good tax man.
Lucky In OC
ParticipantSDR, something does not sound right with your doctor friend…
From ’99 to ’05, I worked 70 hrs/wk on 2 or 3 jobs/wk as a contractor for major aerospace companies. I earned at least 1/3 to 1/4 of what your doctor friend has made in the last 6 years. During that time I had a mortgage, paid for private school for 2 kids, bought two new vehicles for cash (>$20k), and manage to put $200k (1/3) down and $30k in remodeling for 2700 sf home during the peak year. We still carried the mortgage on the first home for another 15 months. And my wife did not work and we had a son in ’04.
Just in his excess income over and above what I was able to perform in 6 years, he should have been able to pay down his student loans and taxes. It sounds like he spent most of his discretionary income on other things then saving for a home or paying down his student loans. At 40 and 9-10 years earning from 300k, it sounds like he averaged about $400k/yr or 3.6 mil. I just don’t buy he could not have paid off his student loans in that time or at least substantially reduce the amount.
He could have been paying the maximum of $2500/yr interest just to get the tax write-off during and after his first year residency. That alone would have taken off about $25k of interest + any additional accumulated interest + the tax savings.
Sounds like he needs a good tax man.
Lucky In OC
ParticipantSDR, something does not sound right with your doctor friend…
From ’99 to ’05, I worked 70 hrs/wk on 2 or 3 jobs/wk as a contractor for major aerospace companies. I earned at least 1/3 to 1/4 of what your doctor friend has made in the last 6 years. During that time I had a mortgage, paid for private school for 2 kids, bought two new vehicles for cash (>$20k), and manage to put $200k (1/3) down and $30k in remodeling for 2700 sf home during the peak year. We still carried the mortgage on the first home for another 15 months. And my wife did not work and we had a son in ’04.
Just in his excess income over and above what I was able to perform in 6 years, he should have been able to pay down his student loans and taxes. It sounds like he spent most of his discretionary income on other things then saving for a home or paying down his student loans. At 40 and 9-10 years earning from 300k, it sounds like he averaged about $400k/yr or 3.6 mil. I just don’t buy he could not have paid off his student loans in that time or at least substantially reduce the amount.
He could have been paying the maximum of $2500/yr interest just to get the tax write-off during and after his first year residency. That alone would have taken off about $25k of interest + any additional accumulated interest + the tax savings.
Sounds like he needs a good tax man.
Lucky In OC
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