Forum Replies Created
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AuthorPosts
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Scarlett
Participant[quote=AN][quote=Scarlett]
Totally agree with you! Of course this couple doesn’t have kids for 15 years either. Or take vacations, buy cars.[/quote]
Or get a raise, or get a bonus, or experience high inflation period, or get an inheritance, or drive the same car for 15 years, or take cheap vacation.[/quote]
Or lose a job or move to a more expensive area/housing or have a medical emergency or have high maintenance costs for the old cars, old home etc.I thought it was calculated based on safe stable living with 8% return. Now you are saying things like inheritance and high inflation. Why not winning the lottery.
I see that the issue of having 2-3 kids is not disputed. So what is your point? that one in a million couples with that kind of income can do that?
Scarlett
Participant[quote=AN][quote=Scarlett]
Totally agree with you! Of course this couple doesn’t have kids for 15 years either. Or take vacations, buy cars.[/quote]
Or get a raise, or get a bonus, or experience high inflation period, or get an inheritance, or drive the same car for 15 years, or take cheap vacation.[/quote]
Or lose a job or move to a more expensive area/housing or have a medical emergency or have high maintenance costs for the old cars, old home etc.I thought it was calculated based on safe stable living with 8% return. Now you are saying things like inheritance and high inflation. Why not winning the lottery.
I see that the issue of having 2-3 kids is not disputed. So what is your point? that one in a million couples with that kind of income can do that?
Scarlett
Participant[quote=AN][quote=Scarlett]
Totally agree with you! Of course this couple doesn’t have kids for 15 years either. Or take vacations, buy cars.[/quote]
Or get a raise, or get a bonus, or experience high inflation period, or get an inheritance, or drive the same car for 15 years, or take cheap vacation.[/quote]
Or lose a job or move to a more expensive area/housing or have a medical emergency or have high maintenance costs for the old cars, old home etc.I thought it was calculated based on safe stable living with 8% return. Now you are saying things like inheritance and high inflation. Why not winning the lottery.
I see that the issue of having 2-3 kids is not disputed. So what is your point? that one in a million couples with that kind of income can do that?
Scarlett
Participant[quote=AN][quote=Scarlett]
Totally agree with you! Of course this couple doesn’t have kids for 15 years either. Or take vacations, buy cars.[/quote]
Or get a raise, or get a bonus, or experience high inflation period, or get an inheritance, or drive the same car for 15 years, or take cheap vacation.[/quote]
Or lose a job or move to a more expensive area/housing or have a medical emergency or have high maintenance costs for the old cars, old home etc.I thought it was calculated based on safe stable living with 8% return. Now you are saying things like inheritance and high inflation. Why not winning the lottery.
I see that the issue of having 2-3 kids is not disputed. So what is your point? that one in a million couples with that kind of income can do that?
Scarlett
Participant[quote=AN][quote=Scarlett]
Totally agree with you! Of course this couple doesn’t have kids for 15 years either. Or take vacations, buy cars.[/quote]
Or get a raise, or get a bonus, or experience high inflation period, or get an inheritance, or drive the same car for 15 years, or take cheap vacation.[/quote]
Or lose a job or move to a more expensive area/housing or have a medical emergency or have high maintenance costs for the old cars, old home etc.I thought it was calculated based on safe stable living with 8% return. Now you are saying things like inheritance and high inflation. Why not winning the lottery.
I see that the issue of having 2-3 kids is not disputed. So what is your point? that one in a million couples with that kind of income can do that?
Scarlett
Participant[quote=sdcellar]The part that’s not accurate is the $1.5 million figure. If you round up, it’s $1.4 ($1,393,380.57 to be fairly precise). Precision and accuracy are two different things, but I digress (and doubt you’re aware of the distinction anyway).
But, I don’t even care about that!
What’s not typical or realistic is the notion that this $150K couple socks away $4k every month. For 15 straight years, no less! And doesn’t touch a penny of it!
And what about that annual return? 8%? That’s awesome! And pretty hard to come by, I think. Year in, year out, just fantastic.
But, hey, maybe it’s just me.[/quote]
Totally agree with you! Of course this couple doesn’t have kids for 15 years either. Or take vacations, buy cars.
Scarlett
Participant[quote=sdcellar]The part that’s not accurate is the $1.5 million figure. If you round up, it’s $1.4 ($1,393,380.57 to be fairly precise). Precision and accuracy are two different things, but I digress (and doubt you’re aware of the distinction anyway).
But, I don’t even care about that!
What’s not typical or realistic is the notion that this $150K couple socks away $4k every month. For 15 straight years, no less! And doesn’t touch a penny of it!
And what about that annual return? 8%? That’s awesome! And pretty hard to come by, I think. Year in, year out, just fantastic.
But, hey, maybe it’s just me.[/quote]
Totally agree with you! Of course this couple doesn’t have kids for 15 years either. Or take vacations, buy cars.
Scarlett
Participant[quote=sdcellar]The part that’s not accurate is the $1.5 million figure. If you round up, it’s $1.4 ($1,393,380.57 to be fairly precise). Precision and accuracy are two different things, but I digress (and doubt you’re aware of the distinction anyway).
But, I don’t even care about that!
What’s not typical or realistic is the notion that this $150K couple socks away $4k every month. For 15 straight years, no less! And doesn’t touch a penny of it!
And what about that annual return? 8%? That’s awesome! And pretty hard to come by, I think. Year in, year out, just fantastic.
But, hey, maybe it’s just me.[/quote]
Totally agree with you! Of course this couple doesn’t have kids for 15 years either. Or take vacations, buy cars.
Scarlett
Participant[quote=sdcellar]The part that’s not accurate is the $1.5 million figure. If you round up, it’s $1.4 ($1,393,380.57 to be fairly precise). Precision and accuracy are two different things, but I digress (and doubt you’re aware of the distinction anyway).
But, I don’t even care about that!
What’s not typical or realistic is the notion that this $150K couple socks away $4k every month. For 15 straight years, no less! And doesn’t touch a penny of it!
And what about that annual return? 8%? That’s awesome! And pretty hard to come by, I think. Year in, year out, just fantastic.
But, hey, maybe it’s just me.[/quote]
Totally agree with you! Of course this couple doesn’t have kids for 15 years either. Or take vacations, buy cars.
Scarlett
Participant[quote=sdcellar]The part that’s not accurate is the $1.5 million figure. If you round up, it’s $1.4 ($1,393,380.57 to be fairly precise). Precision and accuracy are two different things, but I digress (and doubt you’re aware of the distinction anyway).
But, I don’t even care about that!
What’s not typical or realistic is the notion that this $150K couple socks away $4k every month. For 15 straight years, no less! And doesn’t touch a penny of it!
And what about that annual return? 8%? That’s awesome! And pretty hard to come by, I think. Year in, year out, just fantastic.
But, hey, maybe it’s just me.[/quote]
Totally agree with you! Of course this couple doesn’t have kids for 15 years either. Or take vacations, buy cars.
Scarlett
ParticipantThank you very much everybody! IF we decide to buy, we’ll put down at least 10% and my in-law ~ 50K, and we’ll make sure to get the money in our checking account at least 2 months before we start shopping for loans, probably right when we start looking at houses. I am relieved to find out that the gifts are not considered taxable income for us, and also, that we don’t have to put our parents on the loan. I completely agree with SD R and sdr, it’s just not a good idea, just in case something happens.
Scarlett
ParticipantThank you very much everybody! IF we decide to buy, we’ll put down at least 10% and my in-law ~ 50K, and we’ll make sure to get the money in our checking account at least 2 months before we start shopping for loans, probably right when we start looking at houses. I am relieved to find out that the gifts are not considered taxable income for us, and also, that we don’t have to put our parents on the loan. I completely agree with SD R and sdr, it’s just not a good idea, just in case something happens.
Scarlett
ParticipantThank you very much everybody! IF we decide to buy, we’ll put down at least 10% and my in-law ~ 50K, and we’ll make sure to get the money in our checking account at least 2 months before we start shopping for loans, probably right when we start looking at houses. I am relieved to find out that the gifts are not considered taxable income for us, and also, that we don’t have to put our parents on the loan. I completely agree with SD R and sdr, it’s just not a good idea, just in case something happens.
Scarlett
ParticipantThank you very much everybody! IF we decide to buy, we’ll put down at least 10% and my in-law ~ 50K, and we’ll make sure to get the money in our checking account at least 2 months before we start shopping for loans, probably right when we start looking at houses. I am relieved to find out that the gifts are not considered taxable income for us, and also, that we don’t have to put our parents on the loan. I completely agree with SD R and sdr, it’s just not a good idea, just in case something happens.
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