[Raybyrnes]

I would think that as a commodity there would be little or no variance. To verify this just google gold shops in your area and give them a call. You might also go to the Better Business Bureau and use that as a starting point.

[Raybyrnes]

fat_lazy_union

Tax wise you might want to see if your company offers a dependant care account which can reduce your taxable income. I believe the limit is 5K. If you and your wife are both working find see if one of you is over the SSI (around 97K) limit as it is that person who will see less value from the reduction.

The other area to look at is the Flex spending accounts. I have found these 2 things helpful with respect to lowering my taxes.

Last but not least consider getting your real estate licenses, insurance licenses, or any other license that allows you the ability to set up the shell for a small business. Or find a small business that you could run as a passive manager. This then provides you with a host of other tax deducitons.

[Raybyrnes]

fat_lazy_union

Tax wise you might want to see if your company offers a dependant care account which can reduce your taxable income. I believe the limit is 5K. If you and your wife are both working find see if one of you is over the SSI (around 97K) limit as it is that person who will see less value from the reduction.

The other area to look at is the Flex spending accounts. I have found these 2 things helpful with respect to lowering my taxes.

Last but not least consider getting your real estate licenses, insurance licenses, or any other license that allows you the ability to set up the shell for a small business. Or find a small business that you could run as a passive manager. This then provides you with a host of other tax deducitons.

[Raybyrnes]

fat_lazy_union

Tax wise you might want to see if your company offers a dependant care account which can reduce your taxable income. I believe the limit is 5K. If you and your wife are both working find see if one of you is over the SSI (around 97K) limit as it is that person who will see less value from the reduction.

The other area to look at is the Flex spending accounts. I have found these 2 things helpful with respect to lowering my taxes.

Last but not least consider getting your real estate licenses, insurance licenses, or any other license that allows you the ability to set up the shell for a small business. Or find a small business that you could run as a passive manager. This then provides you with a host of other tax deducitons.

[Raybyrnes]

fat_lazy_union

Tax wise you might want to see if your company offers a dependant care account which can reduce your taxable income. I believe the limit is 5K. If you and your wife are both working find see if one of you is over the SSI (around 97K) limit as it is that person who will see less value from the reduction.

The other area to look at is the Flex spending accounts. I have found these 2 things helpful with respect to lowering my taxes.

Last but not least consider getting your real estate licenses, insurance licenses, or any other license that allows you the ability to set up the shell for a small business. Or find a small business that you could run as a passive manager. This then provides you with a host of other tax deducitons.

[Raybyrnes]

fat_lazy_union

That’s the way I see it. THis strategy, as I see had more merit before electronic accounts. Now if you are computer literate you should be earning 5% or better by using a sweep account into a high yield money market account or 4% or better in your checking account. With these accounts your cash is never really dormant. Whether or not the immediate payment toward the MOrtgage of 6% or higher can offset by fees etc I don’t know. Additionally If all of my purchases are now going against my line of credit how does the tx deduciton play into that.

Again this is hurt by the fact that right now I use a variety of 0% credit card offers in conjunction with points, miles bonuses etc. SO this diminishes many of the potential advantages.

But here is the wild card. I study this stuff and pay attention to it. I proactively look for credit card offers, car loans, leasing rates etc. What if I were the average JOE who doesn’t do this. Could someone like this benefit from a well contructed cash mangement/ mmortgage management plan that had him paying down his debt and seeing the light at the end of the tunnel by paying down his mortage. Yeah, I could se some value to that.

Whether this is the most opportunistic way, that is the unknown. I would like to see some data or hear from someone using the system.

[Raybyrnes]

fat_lazy_union

That’s the way I see it. THis strategy, as I see had more merit before electronic accounts. Now if you are computer literate you should be earning 5% or better by using a sweep account into a high yield money market account or 4% or better in your checking account. With these accounts your cash is never really dormant. Whether or not the immediate payment toward the MOrtgage of 6% or higher can offset by fees etc I don’t know. Additionally If all of my purchases are now going against my line of credit how does the tx deduciton play into that.

Again this is hurt by the fact that right now I use a variety of 0% credit card offers in conjunction with points, miles bonuses etc. SO this diminishes many of the potential advantages.

But here is the wild card. I study this stuff and pay attention to it. I proactively look for credit card offers, car loans, leasing rates etc. What if I were the average JOE who doesn’t do this. Could someone like this benefit from a well contructed cash mangement/ mmortgage management plan that had him paying down his debt and seeing the light at the end of the tunnel by paying down his mortage. Yeah, I could se some value to that.

Whether this is the most opportunistic way, that is the unknown. I would like to see some data or hear from someone using the system.

[Raybyrnes]

fat_lazy_union

That’s the way I see it. THis strategy, as I see had more merit before electronic accounts. Now if you are computer literate you should be earning 5% or better by using a sweep account into a high yield money market account or 4% or better in your checking account. With these accounts your cash is never really dormant. Whether or not the immediate payment toward the MOrtgage of 6% or higher can offset by fees etc I don’t know. Additionally If all of my purchases are now going against my line of credit how does the tx deduciton play into that.

Again this is hurt by the fact that right now I use a variety of 0% credit card offers in conjunction with points, miles bonuses etc. SO this diminishes many of the potential advantages.

But here is the wild card. I study this stuff and pay attention to it. I proactively look for credit card offers, car loans, leasing rates etc. What if I were the average JOE who doesn’t do this. Could someone like this benefit from a well contructed cash mangement/ mmortgage management plan that had him paying down his debt and seeing the light at the end of the tunnel by paying down his mortage. Yeah, I could se some value to that.

Whether this is the most opportunistic way, that is the unknown. I would like to see some data or hear from someone using the system.

[Raybyrnes]

fat_lazy_union

That’s the way I see it. THis strategy, as I see had more merit before electronic accounts. Now if you are computer literate you should be earning 5% or better by using a sweep account into a high yield money market account or 4% or better in your checking account. With these accounts your cash is never really dormant. Whether or not the immediate payment toward the MOrtgage of 6% or higher can offset by fees etc I don’t know. Additionally If all of my purchases are now going against my line of credit how does the tx deduciton play into that.

Again this is hurt by the fact that right now I use a variety of 0% credit card offers in conjunction with points, miles bonuses etc. SO this diminishes many of the potential advantages.

But here is the wild card. I study this stuff and pay attention to it. I proactively look for credit card offers, car loans, leasing rates etc. What if I were the average JOE who doesn’t do this. Could someone like this benefit from a well contructed cash mangement/ mmortgage management plan that had him paying down his debt and seeing the light at the end of the tunnel by paying down his mortage. Yeah, I could se some value to that.

Whether this is the most opportunistic way, that is the unknown. I would like to see some data or hear from someone using the system.

[Raybyrnes]

ucodegen

You pay 6% on 300000 K average outstanding balance for 30 days. 18000

If I pay 7 % on my money but I lower the outstanding balance to 250000 I can have a higher rate and lower my overall cost. 17500

End of story. If you don’t like the math don’t play the game. Go look up averge outstanding balance in a Finance textbook and then come post.

The whole premise of this program was to truly eliminate all other forms of credit. All monthly purchases go against the LOC. This would mean credit card debts, car payments, everything. So yes all cashflows need to be accouted for.

As for costs. If you don’t recognise opportunity cost uield positive or negative outcome, again pick up any basic finance or accounting texbook and they will cover that for you.

[Raybyrnes]

ucodegen

You pay 6% on 300000 K average outstanding balance for 30 days. 18000

If I pay 7 % on my money but I lower the outstanding balance to 250000 I can have a higher rate and lower my overall cost. 17500

End of story. If you don’t like the math don’t play the game. Go look up averge outstanding balance in a Finance textbook and then come post.

The whole premise of this program was to truly eliminate all other forms of credit. All monthly purchases go against the LOC. This would mean credit card debts, car payments, everything. So yes all cashflows need to be accouted for.

As for costs. If you don’t recognise opportunity cost uield positive or negative outcome, again pick up any basic finance or accounting texbook and they will cover that for you.

[Raybyrnes]

ucodegen

You pay 6% on 300000 K average outstanding balance for 30 days. 18000

If I pay 7 % on my money but I lower the outstanding balance to 250000 I can have a higher rate and lower my overall cost. 17500

End of story. If you don’t like the math don’t play the game. Go look up averge outstanding balance in a Finance textbook and then come post.

The whole premise of this program was to truly eliminate all other forms of credit. All monthly purchases go against the LOC. This would mean credit card debts, car payments, everything. So yes all cashflows need to be accouted for.

As for costs. If you don’t recognise opportunity cost uield positive or negative outcome, again pick up any basic finance or accounting texbook and they will cover that for you.

[Raybyrnes]

ucodegen

You pay 6% on 300000 K average outstanding balance for 30 days. 18000

If I pay 7 % on my money but I lower the outstanding balance to 250000 I can have a higher rate and lower my overall cost. 17500

End of story. If you don’t like the math don’t play the game. Go look up averge outstanding balance in a Finance textbook and then come post.

The whole premise of this program was to truly eliminate all other forms of credit. All monthly purchases go against the LOC. This would mean credit card debts, car payments, everything. So yes all cashflows need to be accouted for.

As for costs. If you don’t recognise opportunity cost uield positive or negative outcome, again pick up any basic finance or accounting texbook and they will cover that for you.

[Raybyrnes]

ucodegen

“HELOCs don’t have a positive yield.. they have a cost. You get charged the interest… it is not paid to you. The interest rate charged on an HELOC is higher than a standard mortgage.”

This analyis is biased and not universally true. If I am an investor and have a brokerage account that offers me a a margin rate then relative to the HELOC the heloc is a saving and not an expense.

If I am comparing it to a fixed rate mortgage taken out 3 or 4 yers ago then it is an expense. You are viewing this thing in a vacuum and not considering the big picture. To me that leaves your mindset closed off and gives 0 credibility to your analysys. Your are going to defend your point to the very end even if information is contrary to your point.

I am in the camp of most of the posters her ethat sure their might be some ability of this working for you but that I could probably manage this on my own without Accelerator program.

[Raybyrnes]

ucodegen

“HELOCs don’t have a positive yield.. they have a cost. You get charged the interest… it is not paid to you. The interest rate charged on an HELOC is higher than a standard mortgage.”

This analyis is biased and not universally true. If I am an investor and have a brokerage account that offers me a a margin rate then relative to the HELOC the heloc is a saving and not an expense.

If I am comparing it to a fixed rate mortgage taken out 3 or 4 yers ago then it is an expense. You are viewing this thing in a vacuum and not considering the big picture. To me that leaves your mindset closed off and gives 0 credibility to your analysys. Your are going to defend your point to the very end even if information is contrary to your point.

I am in the camp of most of the posters her ethat sure their might be some ability of this working for you but that I could probably manage this on my own without Accelerator program.

[Author]

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