211–218 of 218 posts
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Your lifestyle/spending in your 20s and 30s has little to do with your retirement lifestyle/spending. Especially if you're rasing children...
And is that an argument not to plan at all? Of course you can't pinpoint an exact figure, but it still pays off to plan even on a ballpark figure.
I did not say don't plan at all, just think about the lifestyle you may have in the future, not the one you have now.
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There's also issues with the suggestions. It suggests driving for Lyft or Uber for a cool $28k more a year, but the article linked doesn't seem to account for costs of that work, just revenue.
Turns out after accounting for costs Uber drivers MIGHT even make less than minimum wage https://www.npr.org/sections/thetwo-way/2018/03/02/590168381... And why "Uber?" Cuz it's cool? Why not "Starbucks barista" or "shelf stocker?" Because what we're really talking about is "work more" I guess "part time job" doesn't sound as hip as it used to...
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That's not what "guaranteed" means.
In what sense? The company guarantees you will get paid back for the loans at 11%. For higher rates there is risk, but that isn't what I'm talking about.
Just like the "guarantees" Bernie Mandoff made to his "investors."
The money has to come from somewhere and the underlying assets producing returns are speculative.
If the underlying assets don't produce enough return for the company to offset losses, then that guarantee is worth the paper it's written on.
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In what sense? The company guarantees you will get paid back for the loans at 11%. For higher rates there is risk, but that isn't what I'm talking about.
"Guarantees" Just like the "guarantees" Bernie Mandoff made to his "investors." The money has to come from somewhere and the underlying assets producing returns are speculative. If the underlying assets don't produce enough return for the company to offset losses, then that guarantee is worth the paper it's written on.
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"Guarantees" Just like the "guarantees" Bernie Mandoff made to his "investors." The money has to come from somewhere and the underlying assets producing returns are speculative. If the underlying assets don't produce enough return for the company to offset losses, then that guarantee is worth the paper it's written on.
Like I said, they have solid financials. The loans they sell are at much higher rates.
I say this as someone who invests in P2P loans. They are speculate investments.
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Like I said, they have solid financials. The loans they sell are at much higher rates.
Their "solid financials" don't change the fact that their "guarantee" is entirely based on speculative investments. If the returns are lower than expected they can't fulfill the "guarantee." I say this as someone who invests in P2P loans. They are speculate investments.
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tino shows a default or delayed rate of around 25%. That means your returns are not risk free.
That doesn't matter, because for the highest rated loans (Buyback and PG) Twino guarantee payments even in the case of defaults or delays.