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Post by Phil on May 26, 2009 19:22:06 GMT -5
I think it would be a good thing to stimulate the econemy. I also think there would have to be major penalties for lack of conforming though. If you didn't pay off your home loan or car loan you would be subject to a major fine and possibly beign sued for the entire refund of the payoff.
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Post by Mahnarch on May 28, 2009 22:16:14 GMT -5
Hmm.... I don't know about all that.
Sure, it's a benefit to the individual to pay everything off but, having a recurring debt does stimulate the banks - via interest.
The better part of that deal I'd be interested in is the physical removal of everyone who's over 55 (actually) so that job opportunities open up for the younger generations and, I don't want to leave the elderly out in the cold.
It'd also be a good stop-gap to end the Social Security program.
They get it made (if they do it right*) and don't fall into poverty levels.
*Invest in a Good Growth Stock Mutual Fund that will, on average, grow at a rate of 12%, annually.
If you invest $800,000 in a GGSMF you could, potentially, draw out $80,000 a year and never touch the principle.
$80k is twice the average annual income of an average American household.
Then, set up in your will (for after you die) a trust fund for your children with that original $800K to pay them out (depending on how many times you and your old lady got funky) a couple tens of thousands a year in free money.
You change your family tree, right there.
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Post by Blastgirl on May 30, 2009 0:09:07 GMT -5
You know a lot about investments Mahnarch. Some Minor League (Major League for that matter) athletes should read your advice. Its disgusting how many of them end up broke.
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Post by Jason O'Lewa on May 30, 2009 13:30:23 GMT -5
We are going to take a Atv ride where railroad tracks used to be.
i wanted to take my dads truck but he said no way we arent taking that through the path but he thinks it would fit. im not so sure
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Post by Phil on May 31, 2009 13:55:45 GMT -5
It would fit easy. It's just the trouble you get in if you take a road vehicle on the rail path. A train car is much wider than my pickup. You can't be sure about the ground the whole way through the railpath though. You get stones and hard ground for a while but what happens when you get to where a bridge crossing was and the bridge is removed and there's a lake there? That's when you're going to wish you had an atv or motorcycle to go around things.
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Post by Mahnarch on Jun 2, 2009 0:02:28 GMT -5
Or a boat, Phil....and Jason.
Thanks Blastgirl.
I tend to fancy myself as a semi-amateur financial guru of sorts.
I've dithered with the idea of offering my services here on Lewasite but, I'm not entire confident that I'll know all the answers to everyone's questions - though, I could probably get the knowledge, given time.
401ks
403ks
529s
ESAs
HSAs
PMIs
Debt Snowballs
IRAs
.... I understand a lot of these and can help a lot of people but, most won't listen.
If I'm trying to help someone get out of debt and I say, "Sell your car",..... they don't.
Maybe I need to re-up my motivational speeches before I go public..
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Post by Phil on Jun 2, 2009 13:27:33 GMT -5
Or a boat, Phil....and Jason. If you have 1 waiting on the shores that will transport your ATV across the water. The thing is the ground has to be maintained even if the tracks are removed but the terrain is still way too rough for a vehicle and like I said where ever bridges are removed is where you end up getting stuck. The ground is soupy in a lot of places too. Maybe if you happen to know where the path comes out of and its short distance it might be your shortcut to the store as opposed to fighting traffic. That was not a suggestion though. Not that I've ever done that either. |
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Post by Mahnarch on Jun 4, 2009 23:51:57 GMT -5
Mmm-Hmm.... lol.
I'd have a boat ready for an ATV.
My fantasy boat is a 30ft long pontoon with a cabin at center and open decks - front and rear.
My buddies all have ski boats and what not.
I'd like to have a pig of a boat. A floater.
Somewhere to tie onto and come aboard for a beer of 5.
Some TV. A stove. Microwave...... a beer...
My buds and I would go out at the same time.
Anyone wants to ski, they get on one of their boats and skis. The rest of us sit on the deck of my boat and watch from a safe distance. ;D
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Post by Phil on Jun 5, 2009 13:35:41 GMT -5
I like your boat. I don't think a creek is deep enough for it to float through though. But it would carry an ATV.
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Post by Jason O'Lewa on Jun 7, 2009 16:27:13 GMT -5
This is going to be my vehiceal in about 4 years
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Post by Blastgirl on Jun 8, 2009 22:23:30 GMT -5
What a nice pretty truck Phil.
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Post by Mahnarch on Jun 8, 2009 22:24:56 GMT -5
"built in Pontiac, Michigan."
Looks like something else that I sent you!!
Well, the mirrors, anyway, were probably on my trailer at one point.
"Not so sure about the spray on bedliners....."
BLASTPHEMY!!!
And, Jason..... You're first car/truck is going to be a '94 Chevy Lumina LS; if I get your dad into the right thought process...
Sorry, dude. It's a right of passage.
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Post by Blastgirl on Jun 9, 2009 2:21:12 GMT -5
I take it Mahnarch is all about the Spray On Bet Liners? ;D My Dad loves it.
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Post by Phil on Jun 9, 2009 13:16:22 GMT -5
I know lots of people that think the paint in liner is the best thing since sliced bread. Maybe it is. I just always had the inserted liner and that's what I still have.
Jason had a good chance of getting my 2003 truck because by then the truck would have been 10 or 11 years old and I might and I say might have been more inclined to get a new 1 then. This truck will only be 4 years old when he starts driving so he wont be getting this 1 right away. And he knows that.
He might get his mother's 2002 Buick depending what we decide to do for her vehicle by then.
Mahnarch has the right idea get something old to start out.
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Post by Mahnarch on Jun 10, 2009 0:10:37 GMT -5
The spray on bed liners are the shiznit! - given the right brand.
There are some that are more like, "someone sprayed liquid tar in the bed".
Rhinoliner seems to be one of the better ones. Though, I do have a plastic bed liner, myself.
But, from my garage experience, I'd like to upgrade.
Mahnarch is right about starting with a beater (and, Mahnarch is me!):
A 16 year old is going to beat the crap out of anything "handed" to him/her.
A 16 year old isn't going to understand why they're in a 4 wheeled, sideways, locked slide over loose gravel on asphalt, going 45MPH.
A 16 year old isn't going to understand why they just flipped a 180 on fresh snow when they slammed the brakes just now.
A 16 year old isn't going to be paying that close attention behind them when they back into the mail boxes across the street from the driveway.
A 16 year old isn't going to be paying attention to the "No Parking" sign he parks downtown and will scratch his head when he comes out of "Abercrombie and Fitch" and wonder where his car went.
A 16 year old WILL run the car/truck out of gas - burning up the fuel pump in the process.
A 16 year old will take down a mail box while text messaging.
A 16 year old WILL do a doughnut in an empty parking lot to show off for his friends.
A 16 year old will do 90MPH on the interstate 'just to see if he can'.
A 16 year old will pull onto an old, closed off two-track to.....do stuff (hang with friends, drink, make out with a girl, etc).
Nothing you want him doing with a new truck.
I don't mean to give Jason any ideas but, these are all the truth.
It's what kids do. That's why you give them [read: they buy] a $400-$1,000 car/truck first.
It's not worth the investment.
Jason needs to start off like we all did - only updated for the decades:
A 1994 Ford Escort.
A 1996 Buick LeSabre.
A 1996 Ford Ranger.
A 1992 Pontiac Bonneville.
Something early to mid 90s.
....it's the 'late 70s' version of our first cars. ;D
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Post by Blastgirl on Jun 10, 2009 1:20:27 GMT -5
Mahnarch, you described everything Dan did when he started driving. The three girls were good. He was naughty. ;D
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Post by Phil on Jun 10, 2009 14:15:48 GMT -5
I agree with Mahnarch he won't be getting my 2009 Silverado right away. The best he might get is his mother's 2002 Buick if we still have it by then. We might need to get a minivan soon.
That doesn't mean he gets that car automatically.
My 1st car was a 1977 Olds Cutlass. I have some car knowledge I did my own work to it. My next was my father's 87 Chevy Silverado. I've told that story a lot. That demise brought on my 2003 Chevy and that met a bad ending last October.
Otherwise I would have kept the 87 a little longer. But it was pretty old by then. I changed my own engine in that truck. I put clutches in it twice too. Once at about 90,000 miles and again when the motor was out. It was not worn out but if you're going to take a motor out you should swap the disc and pressure plate.
My next 2 trucks have been automatic.
I can pretty safely say my truck wont be ready for Jason in 4 short years. Mahnarch describes all the things done by most but not all 16 year old drivers. Jason will learn a little about simple car attention between now and then too.
I'm a fixer in all capacities and my kids will be too.
Jason is a pretty crafty kid. He put together a 3 tier fliptop table last Christmas that was on the complicated side.
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Post by Mahnarch on Jun 10, 2009 21:45:40 GMT -5
I must confess: I did ALL of those things - and readily admit it.  Even though, my first car was a 1986 Yugo GV, so I wasn't so glorious in the "doughnut" category. My second car was a 1982 Plymouth Reliant that would spin a reverse doughnut so tight that the inner rear wheel would turn in backwards from the rest!! ;D I ended up breaking the shifter in that one and had to spend a few hours driving back home from school in reverse along the shoulder of the road (7 miles)...... Phil: The more he learns now, the better off his is later.... or vice versa. He could see it as: "I don't really want to replace the CV joints if I spin the shafts." Or, "I just added 15 horsepower to this engine and I'm going to see what she can do!!" You just can't win.. lol. |
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