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Pekka
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em seu burro dos pais!
Feb 2002
time: 07:37
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Sure. Actually I have many dreams for businesses, some I love doing, some I think would actually do OK, so I guess I just have to resort those ideas I think are profitable instead of what I like doing the most.. well I like doing them all so it' snot a big trade off.
It would have to do with software, applications, embedded systems and mobile devices. Creation and production of software. Small time things.. nothing extravagant. But cool, and profitable and always a chance to hit the jackpot. We all have personal connections to .. segments that could be helpful, at least to get it introduced so.. and the good thing is the crew is talented and has some experience, we know each other well and get along great, but yet everyone of us have goal oriented thinking and definitely are in it for the experience and work, and not some secondary goals. We just want to get it done. We've been doing some stuff in the past, nothing super but enough to know what we're doing and what we should be looking at. We are starting a new project this fall, we'll see if something comes up or not. We have special knowledge and experience of mobiles, and the infrastructure for it is in here and the players are here as well so.. and we'd do it for free anyway so we're thinking about setting company around it all, why not, since we're doing it for free now.
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Flubber
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With a view of the Rockies
Aug 2000
time: 22:37
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quote:
Originally posted by Provost Harrison
Yeah, it would be a nice deposit...it would be enough for me to be able to afford the rest without too insane a mortgage. Just shows that that amount of money just isn't that much nowadays... |
Ya to be life changing in a significant way, the amount would have to be I think about 2 times or more a person's annual income ( with a minimum of 50 K)
The scenario as stated was, for me, essentially the status quo if I converted my home equity to cash. So it was nothing to get excited about.
Now if someone gave me 125K ON TOP of my current assets, that would be a different matter. I would invest 50K for retirement, plunk 30K down to retire all non-mortgage debt, put 30K in a trip fund so we can start the travel we want to do and spend 15 K on household funishings.
It doesn't look like enough saving but with all non-mortgage debt retired and no necessity to save for a trip, I could increase our mortgage payments markedly and still have more cash on hand than we do at present. But there would be no big change in our life.
Now give me 300K so I could pay off our mortagage and its a different story. I actually think I would pay off the mortgage just for the joy of doing it. If we redirect mortage monies to the other debt and live the same, we would then be debt free in a year. THEN we could become ostentatious consumers, wanton capitalists as it were . . .muwahahahaha
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mrmitchell
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$50-75K for a house (in Camden)...
$25-50K charity
$25K investment
What can I say? If someone just instantly gets money through no work of their own, they should at least give a little of it...
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Krill
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On a cold wet rock, in the middle of the Atlantic Ocean.
Dec 2003
time: 05:37
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I'd shove it all in a bank account and use it to fund my studies. That ought to get me through uni, what with all the extra costs that have been added.
Last edited by Krill on 03-08-2005 at 19:45
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Jon Miller
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pay off loans
pay some down on rent
give to charity
hmm, maybe buy a car? or a trip to europe?
then it would be gone
JM
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Guynemer
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One goes to medical school.
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Zkribbler
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Los Angeles, CA, USA
Feb 1999
time: 21:37
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quote:
Originally posted by GePap
How does one accumulate $250,000 in student loans? |
Go to private undergraduate and graduate schools (law school, medical school) on loans.
=====================================
BTW: Here's a happy student loan story.
Once upon a time, a friend of mine went to law school. He got student loans but didn't live on them. Rather he invested ithem n the stock market and did very well.  When he graduate from law school, he took the money and used it for a down payment in the cruddy little community of Sunland.
Years passed as he worked at his underpaid government job.
Then, at the bottom of the real estate market back in the early 90's, he sold his Sunland house and used the proceeds to buy a fixer-upper in the ritzy communitiy of La Canada. (He also got a loan from his in-laws to fix it up ) Then the RE market went BOOM! He now has almost $1,000,000 in equity in his house. 
And me?? I'm still renting. 
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Jon Miller
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my consideration is that the loan money goes to pay my rent
my made money goes to pay my alcohol
so there is nothing wrong, right?
JM
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02-08-2005 21:44
Might as well sell one's home and make more bling that way. 
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