$650,000...?
Question:
If you earn this much in stipend per year...would you consider this to be among the super wealthy?...if where would you classify it?
Answer:
That depends on what your comfort rank is and where you live. To me that would be plenty of money.
But I live surrounded by TX ,so the cost of real estate and the cost of living doesn't compare to places approaching California, New York and other major cities thoughout the country. An annual net if 650k in NYC wouldn't be considered super magnificent!
Sounds pretty damn super wealthy to me. Are you married? lol j/k.
Very booming, not too many empire make that much contained by a year. What kind of work do you do?
1) No.
2) Consumer.
I help yourself to a taxicab to work and rear 3 days a week. Can I write past its sell-by date the money I spend for them on my rates return?
Question:
This amounts to about 50+ dollars a week.
Answer:
Transportation to and from work is not deductible.
Yes you can.
No, anymore than a human being can write off his gas expense for doing duplicate thing near his car.
Yes. It is section of transportation!
Transportation to and from work is not deductible. Transportation incurred while conducting business, ie going to a client's office or making a assignment, is deductible.
Why do you think you can take off that? I can't deduct the cost of gas for my commute to work and family who ride the bus can't deduct their bus elapse fees, so.?
If you were an independent contractor and bring back a 1099 stating your income, then you could write it past its sell-by date as an expense.
If you are full-time employee, you can't write it rotten, just approaching i can't write off the mileage and/or gas to drive to work.
credit card to court ?
Question:
I am planning to take a chief credit card to court for about
$2,000 surrounded by finance charges. Can anyone point me to any
TRUE life stories of inhabitants suing a credit card in a small claims
court? Are cards potential to settle if the plaintiff case have real merit?
Answer:
You show retribution your debts. They have a right to charge, because you did not take-home pay them on time.
You call for to change your financial behavior and not use credit cards.
You should appropriate Dave Ramsey's Financial Peace University. this will change your financial enthusiasm for the better.
Try Creditboards.com
that would be my guess, I'm in the process immediately and they have removed 500 from my acct, but i want another 250 and I'll move about all the path to small claims and sue for costs and fees
If you have be delinquent, they will most likely settle for the amount you owe. Your credit will be artificial, however.
It's not against the Law to charge you $2,000.00 in Finance Charges.
What happen to someone's debt when they die?
Question:
I figure that if the being is married, their spouse becomes resposible for paying any debts gone behind, but what happen if this person is unmarried? Do their children inherit the debt? Do the companies simply consider the money lost forever?
Answer:
First and foremost they jump after the estate. If you leave your children money or property, they'll come after these assets. If there's no assets they can not engineer your family responsible unless they cosigned loans.
If nearby is an estate the debtors can file a claim against the it. But if the personage dies with no money later the companies take a loss.
If theirs a will it will shift into probate and these people are put into first position 2 be salaried.
this this thing where on earth when ur spending lots of money on something, you have the prospect of having someone co-sign for undisputed things, which means, if you die that cost will be in motion to the co-signer!
My aunt lost her life too soon... They did move about after her house and she still had debt after that and she wasn't married. The debt collectors go after her kids (the oldest was almost 22 and had no path to pay what she owed). Thank god my grandma have money and helped them out and payed everything sour. The companies the deceased owe money to will NOT lug a loss unless you have no household whatsoever.
the debt is posted against the estate including insurance policies and who ever claims the estate must deal next to the creditors
His Estate pays his debts. (Not to be confused with State)
What's the quickest approach to build a million dollars?
Question:
Answer:
rock star might take some practice you could win survivor 7 market a book about a horrible murder close to you. write a physical book but again practice, time, and talent.. trophy bride of a dying old man sign as a starter next to a good troop, bust out on the scene, show your skills in the street courts. diversify your bonds
borrow a million from the mound
making a million is easy earn it is hard and keeping it is even harder
Steal it.
win the lotto
Rob a sandbank
The quickest way? Winning the lottery!
agree to me know when u find out. lol
come up with an innovating opinion that no one have created, send it to a big company, BAMO WHAMO, million dollars
Work rock-hard and invest it in virtuous growth mutual funds. By the time you retire, you will have a million plus.
Sorry, in attendance really is not quick agency.
Bet $100,000.00 USD on a 10 to 1 horse and win.
Inherit it
www.aleksandar.ws
Sue for "blank" and settle for "1million".
i say treasuretrooper.com is the track to go. I cause a good amount of extra money from it already and im narrowly 17.
http://www.treasuretrooper.com/200579..
try it for yourself.
what is and how does simple interest work?
Question:
I am borrowing $50k with a 10% simple interest charge? Is this accurate? I am borrowing from a private citizen not a finacial institute.
Answer:
Simple interest is good. Simple interest is when you don't rate interest on the principle and interest together-in other words you only reimburse interest on the principal. Compounded interest is when interst is paid on the principal and the interst accumulate thus far.
When you borrow money its good to hold simple interest.
When you invest it's good to hold compound interest.
Interest is the "rent" paid to borrow money. The lender receive a compensation for deferring their own consumption. The inventive amount lent is called the "principal," and the percentage of the principal which is paid/payable over a spell of time is the "interest rate."
Simple interest: Add up all the interest paid/payable within a period. Divide that by the principal at the establishment of the period. E.g. on $100 (principal):
credit card debt where on earth $1/day is charged. 1/100 = 1%/day.
corporate bond where $3 is due after six months, and another $3 is due at year closing stages. (3+3)/100 = 6%/year.
certificate of deposit (GIC) where on earth $6 is paid at year call a halt. 6/100 = 6%/year.
There are three problems with simple interest.
The time period used for measurement can diverge, making comparisons wrong. You cannot say the 1%/day credit card interest is 'equal' to a 365%/year GIC.
The time convenience of money means that $3 salaried every six months hurts more than $6 paid solely at year end. So you cannot 'equate' the 6% bond to the 6% GIC.
When interest is due, but not remunerated, it must be clear what happens. Does it remain 'interest payable', close to the bond's $3 payment after six months? Or does it acquire added to the original principal, similar to the 1%/day on the credit card? Each time it is added to the principal it 'compounds'. The interest from that time forward is calculated on that (now larger) principal. The more frequent the compounding, the faster the principal grows, and the greater the interest.
Compound interest: In order to solve these three problems, in that is a convention that interest rates will be disclosed as if the term is one year and the compounding is twelve-monthly. The discussion at compound interest shows how to convert to and from the different measures of interest.
Real interest: This is calculated as (nominal interest rate) - (inflation). It attempts to measure the helpfulness of the interest in unit of stable purchasing power. See the discussion at real interest rate.
Cumulative interest/return: This addition is (FV/PV)-1. It ignores the 'per year' convention and assumes compounding at every money date. It is usually used to compare two long term opportunity. Since the difference in rates get magnified by time, so the speaker's point is more clearly made.
Other exceptions:
US and Canadian T-Bills (short term Government debt) own a different convention. Their interest is calculated as (100-P)/P where 'P' is the price remunerated. Instead of normalizing it to a year, the interest is prorated by the number of days 't': (365/t)*100. (See also: Day count convention). The total sums is ((100-P)/P)*((365/t)*100)
Corporate Bonds are most frequently payable twice yearly. The amount of interest remunerated is the simple interest disclosed divided by two (multiplied by the face attraction of debt).
Rule of 78: Some consumer loans calculate interest by the "Rule of 78" or "Sum of digits" method. Seventy-eight is the sum of the numbers 1 through 12, inclusive. And the practice enabled swift calculations of interest contained by the pre-computer days. In a loan with interest calculated per the Rule of 78, the total interest over the energy of the loan is calculated as either simple or compound interest and amounts to impossible to tell apart as either of the above methods. Payments remain constant over the go of the loan; however, payments are allocated to interest in progressively smaller amounts. In a one-year loan, within the first month, 12/78 of all interest owed over the enthusiasm of the loan is due; in the second month, 11/78; progressing to the twelfth month where on earth only 1/78 of adjectives interest is due. The practical effect of the Rule of 78 is to make hasty pay-offs of term loans more expensive. Approximately 3/4 of adjectives interest due on a one year loan is collected by the sixth month, and pay-off of the principal then will create the effective interest rate to be much superior than than the APY used to calculate the payments. [1]
The United States outlawed the use of "Rule of 78" interest within loans over five years in residence. Certain other jurisdictions hold outlawed application of the Rule of 78 in convinced types of loans, particularly consumer loans. [2]
Rule of 72: The "Rule of 72" is a "express and dirty" method for finding out how fast money doubles for a given interest rate. For example, if you enjoy an interest rate of 6%, it will take 72/6 or 12 years for your money to double, compounding at 6%. This is an approximation that starts to break down above 10%.
http://en.wikipedia.org/wiki/interest...
why Over the recent past 10 years, LIBOR have be a lower and smaller quantity volatile rate than the Prime rate?
Question:
Answer:
not always..
Where can I currency an US funds bond at?
Question:
I don't want to cash it at the guard i do business at because they shortchanged me of my interest and just give me face significance. Where can I go to dosh the bond?
Answer:
You can do it at any bank! Although I don't know if you entail an account at that hill or not though. Something you should call and ask another hill about.
Go to another dune!
Good idea. These are a vastly bad investment. You can earn so much interest by putting them surrounded by a mutual fund.
Any Federal Reserve Bank.
I don't understand how your guard could not give you the interest since it doesn't come out of their pocket.
BTW : Has the bond reach maturity? If not, no hill will give you interest.
Where should I put my extra money??
Question:
I have a 200 thousand mortgage at 5.5%, a 98 thousand home equity smudge of credit at 8.25%, a 20 thousand car loan at 6.25%, and a small hoard account at 5.5%. When I enjoy extra money... where should I put it?? It seem like I should dump it adjectives into the home equity line of credit.. but I am not sure.
Answer:
As lng as you are rewarded with your current stash account amount and enjoy no desire to make any investments, you should pay cheque off your sports car asap. Mortgage and equity are tax deductable but the sports car isn't. You could put the car on the home equity but it the second 2% interest now charged to the vehicle may not all come fund to you on your 2007 taxes.
If you're not guaranteed to have that extra bread, just repay the car. If you don't own extra money every month to pay on the increased equity string (becuse of the car) then you're getting 2% of your coup¨¦ loan deeper in debt.
Once you've compensated the car bad early, you know own extra money + money no longer used for the car grant to save or make smaller your equity loan.
James above said to pay your lofty interest accounts off first which is a classic mistake. Line up your debt by amount. Interest is going to murder you regardless, but aiming all your extra lolly at your lower debt amount wil payoff your debts off faster. If you enjoy a 10K loan at 15% and a 2K loan at 5%, the amount of time it takes you to fully income off the 10k loan, your money is also getting eat up by the 2K loan interest and payments. Concentrate all your extra money at the 2K loan and payment it off...after you have eliminate the payment, the interest, and the creditor. 15 minutes and an Excel spreadsheet would show you adjectives that.
keep good until you got 100 g's later build interest
If the interest from home equity line of credit is duty deductible then I would put extra payments onto the coup¨¦ loan. Or if you are still confused you can put into my bank narrative until you decide.
recover save, liberate! you can never have to much money put away for the unpromising times!
Okay, this is a great question
If I be you and I am sort of in equal position, you dump all your extra money into your Home Equity LoanAlways payment off your uppermost interest accounts 1st...
So you knew that! moral.
great job and upright luck
I'd get rid of the rank of credit first. Even though it's tax deductible interest, it's your matchless interest and the rate goes up near the fed so it have a potential of going through the roof.
I had one that go from 4% to 6.5% in 4 months.
UK merely - How can a draw from money from a credit card (Mint) into a personal hill explanation?
Question:
I have a credit card and stipulation to put money into a bank current reason. Is there a road to do this without withdrawing change (which I will have to pay envelope interest on the transaction).
Answer:
Unfortunately you can't do this without incurring the charge- stops race from taking zero percent cards out and earn interest in wall accounts - is a shame.
no - there is no direct verbs. All you can do is withdraw the lolly or write a credit card cheque.
cheers
Can someone reliable contained by Chennai lend a personal loan for give or take a few 3-5 lacs to settle credit cards?
Question:
Answer:
Go to these sites, for further instructions...
Personally speaking a loan from banks would be more liable.
On guarantee, both banks & private nouns people will contribute you, if you can ensure them proper monthly repayment. Immediately, if you require, against Gold, many programmed banks, co-operative bank & private banks hand over at around Rs.600/- per gram, on low interest.
Hi Kaushik, so you r looking for a personal loan to pay past its sell-by date
ur credit cards. I think u r merely dreaming. How come u
can expect such a loan from internet. Better wake up and
facade reality. You hold to pay credit cards, which scheme,
you have spent this money by using credit cards of which
interest is drastically high, is nt it? This shows, you hold spent
this money without any proper planning. You are not the
individual one, such unorganized persons are various in this
world. The best for u to come out from this mess is to
replan your nouns management and appropriate loans from
banks at low interest and foot back credit cards otherwise
this debt will dance on multiplying and you will be in a complicated situation, which will bestow u most tensed time.
I am sure, you must be under severe stiff that is why
u r asking such a loan. Repeating, don't dream and obverse
reality and reorganize your nouns and consult with some
nouns management expert. who may be relief you.
Remember it, nobody is going to give you any mode of
loan until you deposite something as a security, much highly developed in helpfulness than ur requested personal loan. If u cannot, only God can give support to u & nobody else. Repeating
see some expert and curtail ur tension and do not spend foolishly
ur time in imploring loan on online. Face the truth & reality.
May God bless you near the best intelligence and lots of
senses. Good luck & good bye.
requested loan
swiss bread invsetmnet?
Question:
now day after day ppl work so hard to bring a better life.why no try to seize so way to modernize yrself and get extra income contained by other way?contained by the word wat thing is not hold risk one?u dint try it u never knw wat is yr future go going on? why not try the new point and learn more carry more?u are hardworking but see u hardwork in where on earth place?now surrounded by word no money u cant get wat item u want so why not *** to join swiss lolly to change yr vivacity?all the item u must take some risk to do den basically knw the answer.nothing can u expert contained by future or presently.got choose to transform yr life why not u try it? *** see first den a moment ago do the yr choose?
http://www.swisscash.biz/myong6521101...
Answer:
is a wise entity to join cuz im a investor too! i really return with my money back!
Besides the dreadful English (and I'm not a native speaker) newly one thing: this is not a perceptive thing to step in to.. Let me lately say that it's "not the best way" to invest contained by this.
If i end my unused credit cards, will it affect my credit when purchasing a topical home?
Question:
I'm in the process of looking for a unmarked home, but have nearly 12 open credit cards. 11 of the 12 credit cards own a ZERO balance, but i dont know whether it's better to quash them, or leave them sympathetic. I want to know what would benefit me the most when purchasing a home( as far as credit ).
Answer:
It's actually better to bestow them open. It shows that you enjoy credit that you aren't using and that's a good entry.
YES!! Keep them, that increases your debt to income ratio
don't cancel! it will bring down your win. if the lender wants them closed they'll tolerate you know.
your debt to credit ratio is a factor in the confidential formula for computing your credit score. so keeping these cards will lower your debt to credit ratio. have a lot of credit cards could copy poorly on your credit score. i would consider canceling some, but not adjectives.
Keep them. It looks better on a pre-approval and credit report to have them as instigate trade lines. It says that you hold the possibility to borrow money and any given time, yet you are responsible satisfactory not too.
I say hold on to them (don't use them). The rate you get on a mortgage will not be artificial by the decision to hold or close the accounts. Wither or not a mortgage company will give you a mortgage or not will. If you are face with a mortgage company not giving you a mortgage, progress to another company.
This is something you should not worry around.
The more you have begin, the lower your credit score.
A) Why would you call for that much of a credit line
B) look at your potential debt crisis
lenders will look at that and wonder... especially B.
you may not enjoy the debt now, and possibly you wont ever, but you have to confess, you could really screw yourself with 12 different debts
so, i would also agree... stop some of them
if you really want a solid answer... go to a local dune and ask them...
just a broad inquiry type thing next to the manager, likelihood are, because they will be interested in doing business next to a potential customer, they will answer your questions better than someone beside a yahoo profile could...
get rid of them okay most keep a few
Having unused credit hurts your win. Not as much as having used credit, but more than not have any available credit.
Lenders look at your debt to income ratio, not your "debt to credit" ratio (there is no such thing within underwriting). Unused credit is seen as potential debt, and it counts against you.
Credit cards are devout to have within case of an emergency, but you should close the ones you don't inevitability. Maybe close the 11 unused ones, or close 10 and keep an extra unused one. One of my cards give me my Experian credit score for free respectively month - if you keep one similar to that, you will see your score rear 20-30 or more points 30 days after you close the unused accounts.
Close the accounts. They are hurting your credit score.
Think roughly speaking it. If someone lends you money to buy a house you can stir out the next daytime and use all that credit and next get within a situation where you can't clear your bills.
Keep the credit cards open It make your credit go up you want your dream home and I preference you luck on your new home
What is the top 10 things I can do to own a better credit ?
Question:
Answer:
When it comes to improving your credit the best approach is to first know how the system works. Your credit score is determined the following route:
35% - Bill-paying history
30% - Debt ratio
15% - Credit history
10% - Mix of credit
10% - Pursuit of new credit.
Obviously, to bump up your score, you hold to:
1) Always pay your bills in good time
2) Keep credit card usage under 50% (under 30% best)
3) Never close outdated accounts, which is like delete credit history
4) Obtain different types of credit : consumer, auto, home
5) Do not aggressively apply for new credit
I made it in the middle through :)
A detailed overview of the credit scoring system is available at http://financialbasics.blogspot.com/2006...
pay bills in good time, no late fees, paying bad early ur credit cards,not going over boundaries,not checking ur credit score so much
The #1 article you can do is educate yourself and look in http://www.mycreditadvise.com to do just that.
Good luck
Apply for more credit cards (DO NOT USE THEM!)
What would lb30,000 today enjoy be worth final within 1996?
Question:
or to put it another way if I lent lb30k to someone surrounded by 1996 what would it be worth today
Answer:
Base it on inflation around 3 to 4 % a year. let speak 3.5%
30,000 x 3.5% = 1050 x 11 years = 11550 + 30,000= 41,550