[AustinTrkJunkie]

Originally Posted by AlpineWhite_SJ

When people say save for a rainy day, save for a biblical flood. F80 is paid for, going to pay off the F97 after selling some equity today. Pilot is old and was paid for along time ago. Basically have a mortgage and monthly bills. Looking to pay down the mortgage significantly in the next year or two as well.

Hear that, 6 years in to a 15 year mortgage and have been paying an extra $300 a month to principal so should get out a couple of years early.

The daily E90 is paid for and only owe about 20K on the F80, got super low rate of 1.5% so it's not costing much in interest, but have debated just paying it off...

[BzsBimmer]

Originally Posted by AustinTrkJunkie

Hear that, 6 years in to a 15 year mortgage and have been paying an extra $300 a month to principal so should get out a couple of years early.

The daily E90 is paid for and only owe about 20K on the F80, got super low rate of 1.5% so it's not costing much in interest, but have debated just paying it off...

At 1.5%, why pay off unless you have a lot of disposable income. That’s like almost free money. You might be better off investing that lump of cash. Especially on a depreciating asset.

If you need a cash injection for some awful reason, hard to liquidate the car over cash. Just my humble $.02

[BzsBimmer]

Originally Posted by lsturbointeg

Clearly has affected Whackoffwednesday!

Well you always have milkitmonday, tugittuesday, trytheotherhandthursday, fetishfriday, submissivesaturday, or sextoysunday lol.

(Took me a while to think of those)

[1MOREMOD]

Barely at all. Aside from having to wear mask at work and gum being closed which for me is pretty major. I have home gym and have learned some new tricks though.

[AustinTrkJunkie]

Originally Posted by BzsBimmer

At 1.5%, why pay off unless you have a lot of disposable income. That’s like almost free money. You might be better off investing that lump of cash. Especially on a depreciating asset.

If you need a cash injection for some awful reason, hard to liquidate the car over cash. Just my humble $.02

Yup, agree. It is a really good rate so will hang on the loan

[dreamingat30fps]

This is usually around the time we would take off in the RV for a few months. I'm typically itching to hit the road just a couple of weeks after we get back, but my gf likes being home way more than I do.

So I guess I would normally not be around these forums that much this time of the year, but thanks to covid I'm now on here waaaay too much! So much so I have actually been going into the cesspool pool known as the political sub forum. I would typically not set foot in there, but boredom can make one do crazy things, plus there's always action over there.

[VisualEcho]

I worked my ass off last year to be able to buy a bunch of cool stuff this year, but now, not knowing if I'm getting any more work this year, I have to save all my money for bills.

Had to pass on a new set of FI-R's for $6800 shipped, which KILLED me, since most vendors want $8000 or better for them.

Yokohama has likely pulled my new tires they were giving me for some photography.

Stuff just falling apart.

But I'm healthy, and get along with the wife well, so that part is good.

[NorthCountryGuy]

It has not...yet.

[AlpineWhite_SJ]

Originally Posted by BzsBimmer

At 1.5%, why pay off unless you have a lot of disposable income. That’s like almost free money. You might be better off investing that lump of cash. Especially on a depreciating asset.

If you need a cash injection for some awful reason, hard to liquidate the car over cash. Just my humble $.02

Normally, I’d agree with this, but the amount of easy returns out there is shrinking fast. 1.5% sadly isn’t even a bad return nowadays. Depends on how you feel about risk - you could pay off that loan and be guaranteed the 1.5 vs an unknown return that could be higher or lower. I’m leaning into paying off debt with 2-4% APR because it’s not a bad return given everything going on and it lowers my monthly expenses and risk.

[King Rudi]

Only a handful of small changes on my end.

1. The wearing of a mask for 10 hours a day.
2. Gym closing forced me to stop doing excessive amounts of cardio, which in turn made me bigger and not in a fat way as I continued to workout minus the cardio at home. This in turn made me stronger and I learned some new tricks/exercises.

[Hawkeye]

Just closed on my refi today - 30y fixed at 2.75%. Called when I got there, they dropped off the paperwork at my car, signed in my car and called when done. Was the fastest and easiest close I have ever done.

Other than that I have been spending way too much on woodworking tools and really trying to get the shop in my new house up to snuff.

[BzsBimmer]

Originally Posted by Hawkeye

Just closed on my refi today - 30y fixed at 2.75%. Called when I got there, they dropped off the paperwork at my car, signed in my car and called when done. Was the fastest and easiest close I have ever done.

Other than that I have been spending way too much on woodworking tools and really trying to get the shop in my new house up to snuff.

Great rate. Lender?

[BMWGUYinCO]

Major bummer - I lost an employee two weekends ago due to Covid-19 complications. He was 43 years young.

He was diagnosed with Covid several weeks ago, and then week before last said he was feeling better and put in a full week (had been working remotely since first week of March). Then all of a sudden - I learned he was dead on a Sunday, just like that.

[BimmerDimmer6]

Originally Posted by BMWGUYinCO

Major bummer - I lost an employee two weekends ago due to Covid-19 complications. He was 43 years young.

He was diagnosed with Covid several weeks ago, and then week before last said he was feeling better and put in a full week (had been working remotely since first week of March). Then all of a sudden - I learned he was dead on a Sunday, just like that.

Damn. Wish his family the best, really puts things in perspective when it affects someone you know.

[billnchristy]

Hasn't changed my life a bit besides the inconveniences. I still go to work everyday and haven't had a single day off related to it. Makes lunch a bitch.

[Hawkeye]

Originally Posted by BzsBimmer

Great rate. Lender?

Local credit union, minimal refi costs as well which was nice. My break-even is only 16 months.

[qba335i]

Originally Posted by AlpineWhite_SJ

Normally, I’d agree with this, but the amount of easy returns out there is shrinking fast. 1.5% sadly isn’t even a bad return nowadays. Depends on how you feel about risk - you could pay off that loan and be guaranteed the 1.5 vs an unknown return that could be higher or lower. I’m leaning into paying off debt with 2-4% APR because it’s not a bad return given everything going on and it lowers my monthly expenses and risk.

+1

I got a car loan @ 2.79%. With current volatility and low rates I will pay off the car this year. I already paid ~40% in 4 months.

2.79 after tax risk free return.

[qba335i]

I am WFH. The cold Chicago weather and being stuck in a condo was pretty painful so I decided to spend 3 weeks in AZ. Rented a house with a pool, went hiking pretty often and was playing golf every day. with a 2 hour time difference (work on CST schedule) this felt like a mini-vacation. I will probably do the same thing next month (maybe different location).

So far Work is pretty stable, but busy. Some of my friends already took substantial cuts (salary/bonus/benefits).

[BzsBimmer]

Originally Posted by AlpineWhite_SJ

Normally, I’d agree with this, but the amount of easy returns out there is shrinking fast. 1.5% sadly isn’t even a bad return nowadays. Depends on how you feel about risk - you could pay off that loan and be guaranteed the 1.5 vs an unknown return that could be higher or lower. I’m leaning into paying off debt with 2-4% APR because it’s not a bad return given everything going on and it lowers my monthly expenses and risk.

Originally Posted by qba335i

+1

I got a car loan @ 2.79%. With current volatility and low rates I will pay off the car this year. I already paid ~40% in 4 months.

2.79 after tax risk free return.

I guess I'm in the other camp.
The last two recessions I did that.. I paid off my loans with the cash I had on hand... and missed out on buying some really good investments, whether it was property or stocks.

I agree that paying off debt makes sense... I guess if you have the disposable income to pay off the debt and still have money aside for emergencies, sure (credit cards excluded or anything with high interest).

With these low rates and uncertainties, cash is king vs paying off something that is depreciating fairly quickly and has the potential to be extremely hard to liquidate if cash injection is needed fairly quickly. Everyone has their own priorities and financial vision.

[Hawkeye]

I feel like there are a lot more spammers and scammers popping up with COVID...

I am also in the other camp bzs, I think there are ample investment opportunities that should be 5%+ as long as you don't mind holding the investment for a few years. Of course it is not guaranteed, but it is more likely than not IMO.

[1MOREMOD]

Lot of unemployment fraud happening as well.

[AustinTrkJunkie]

Originally Posted by billnchristy

Hasn't changed my life a bit besides the inconveniences. I still go to work everyday and haven't had a single day off related to it. Makes lunch a bitch.

Mind if I ask what you do/your industry?

I'm from a software start up and we've been locked down/remote since the 2nd week of March and won't be going back until at least end of June