Originally Posted by JamesBond (Post 3601396)

Right on cue.

I couldn't care less what you do with it. I just thought it was funny.

Originally Posted by CBreezy (Post 3601399)

If would be funny if a population with an incredibly high consumer debt load were taking their bonus and blowing it. There are exceptions for sure but, as a whole, I would argue that pilots are generally more financially responsible than average Joe. At the very least in their income to debt ratio.

Originally Posted by JamesBond (Post 3601393)

But you know as well as I that the vast majority of CC holders won't do that. And that actually goes to the heart of what DR is all about - behavior modification. I think an interesting contrast is how DR and Clark Howard go about 'training' people to get out of debt. Dr says to pay off your smallest balance first. That gives the debtor a sense of accomplishment and is a quicker reward. CH on the other hand says to pay off your highest interest rate first (which I think is the better financial move... but requires more discipline which has already shown itself to be elusive).

Anyway you slice it, they are trying to help people that get into a bind via a rigged system. The .gov wants people in debt. Were that not true, how is it that they allow credit card companies... banks... to charge usurious rates of interest on people that already show they cannot afford to be where they are?

Originally Posted by JamesBond (Post 3601400)

No argument with that whatsoever.

Actually, I am in need of a new car, so mine might go to that as well. Our second car died so the wife and I have been sharing the truck for over a year now. Anyway, what is really fun is to walk into a car dealership and negotiate the price down... and write a check for the whole thing. They never see that coming.

Originally Posted by hoover (Post 3601414)

Or put the car on a CC get the points, miles, or cash back and pay it off that month.
Cheques are so 90s

Originally Posted by notEnuf (Post 3601404)

Financial literacy is lacking and the education you choose is what you are exposed to. Carleton Sheets in the 90s had a real estate system that worked for me. Use other peoples money and buy right. If more people understood that gains are made on purchases rather than sales, they would be better off. It's counter intuitive and requires discipline but so does DR and CH. The CS way, you acquire appreciating assets. Que gunfighter. Disclaimer: I'm out of the rental business because I couldn't deal with the DR idiots anymore. They didn't pay their bills, rent included. But I did well enough to be happy and secure.

Originally Posted by hoover (Post 3601414)

Or put the car on a CC get the points, miles, or cash back and pay it off that month.
Cheques are so 90s

Originally Posted by JamesBond (Post 3601418)

Excellent. I think that I have said it before that if I were starting over I would do all of that within my ROTH IRA.

I just saw a blurb on Fox Business that some schools are going to start requiring high school finance classes to graduate. What a concept. Back when dinosaurs roamed the earth we had such classes. I wonder what ever happened to them...

Originally Posted by Crown (Post 3601279)

in an interview he did with Ben Shapiro, he admits that his method of getting out of debt isn't the best mathematically; his is a behavior change to get people that simply can't handle money to see debt as not a tool to use, but rather a burden.

I'm not a fan of debt. I do have credit cards that I use. But I don't have car loans, personal loans, etc. I paid off my student loans, and am vehemently opposed to ANY student loan forgiveness.

Originally Posted by JamesBond (Post 3601400)

No argument with that whatsoever.

Actually, I am in need of a new car, so mine might go to that as well. Our second car died so the wife and I have been sharing the truck for over a year now. Anyway, what is really fun is to walk into a car dealership and negotiate the price down... and write a check for the whole thing. They never see that coming.

Originally Posted by Gspeed (Post 3601456)

Hubris + rookie mistake. Dealers frequently get kickbacks if you finance. Negotiate an added discount if you finance with them and then pay off the loan within 90 days.

Originally Posted by JamesBond (Post 3601469)

I guess the game would be whether or not I could get a better deal with points/cash back/etc or thru their kickback.

Originally Posted by Gspeed (Post 3601456)

Hubris + rookie mistake. Dealers frequently get kickbacks if you finance. Negotiate an added discount if you finance with them and then pay off the loan within 90 days.

Originally Posted by JamesBond (Post 3601393)

But you know as well as I that the vast majority of CC holders won't do that. And that actually goes to the heart of what DR is all about - behavior modification. I think an interesting contrast is how DR and Clark Howard go about 'training' people to get out of debt. Dr says to pay off your smallest balance first. That gives the debtor a sense of accomplishment and is a quicker reward. CH on the other hand says to pay off your highest interest rate first (which I think is the better financial move... but requires more discipline which has already shown itself to be elusive).

Anyway you slice it, they are trying to help people that get into a bind via a rigged system. The .gov wants people in debt. Were that not true, how is it that they allow credit card companies... banks... to charge usurious rates of interest on people that already show they cannot afford to be where they are?

Originally Posted by JamesBond (Post 3601469)

oooooh I like it. I guess the game would be whether or not I could get a better deal with points/cash back/etc or thru their kickback.

You can tell I don't buy a lot of cars. :)

Originally Posted by hoover (Post 3601414)

Or put the car on a CC get the points, miles, or cash back and pay it off that month.
Cheques are so 90s

Originally Posted by Gspeed (Post 3601456)

Hubris + rookie mistake. Dealers frequently get kickbacks if you finance. Negotiate an added discount if you finance with them and then pay off the loan within 90 days.

Originally Posted by WXS15 (Post 3601503)

Don't be surprised when the dealer will only allow you to charge a small part (few $K) of the purchase price on a credit card.

Originally Posted by Vsop (Post 3601518)

Beat me to it. This is perfect advice. You’ll get a lower purchase price since the dealer is expecting to get their profit from the interest on the loan.

Originally Posted by Vsop (Post 3601518)

Beat me to it. This is perfect advice. You’ll get a lower purchase price since the dealer is expecting to get their profit from the interest on the loan.

Originally Posted by PNWFlyer (Post 3601087)

Dave Ramsey would not be very happy with you. You should take $800k out is savings immediately and pay off that debt.

Debt is bad. Just make sure you never do the math. you know the math that you are paying the bank only 2.25% on that money and the $800k you have invested is making significantly more that that. No sure why Dave Ramsey wants people to be poor.

Originally Posted by CBreezy (Post 3601416)

That's expert level

Originally Posted by JamesBond (Post 3601383)

Wasn't there a thread on here somewhere about how guys are gonna spend their retro checks?

Originally Posted by PilotBases (Post 3601246)

Mine says Back the PAC.

Originally Posted by FL370 (Post 3601720)

Same here.

Originally Posted by CBreezy (Post 3599975)

I'll give you sunsetting of NFLY as a concession

Originally Posted by iahflyr (Post 3602354)

What was this about? It looks like Delta got a grand slam contract, so I’m not trying to ignite the concession argument, but I’m just curious.

Originally Posted by OOfff (Post 3602356)

There’s more to it, but short version: covid-based sick calls did not count against your sick bank. That exception sunsetted.

Originally Posted by OOfff (Post 3602356)

There’s more to it, but short version: covid-based sick calls did not count against your sick bank. That exception sunsetted.

Originally Posted by iahflyr (Post 3602368)

Which was given by the company as good will to begin with, so not even a concession.

Originally Posted by Whoopsmybad (Post 3602367)

I agree, but now it’s just like every other sickness. If I have the flu it counts. Now COVID does too. I just don’t see it as that big of a concession.

Originally Posted by Whoopsmybad (Post 3602367)

I agree, but now it’s just like every other sickness. If I have the flu it counts. Now COVID does too. I just don’t see it as that big of a concession.

Originally Posted by CBreezy (Post 3602401)

​​​​​​
But it is a concession. Until Mar 2, if you or a family member got Covid, you didn't use any sick time. Now, if you get Covid or any future pandemic disease, you must use your sick bank. If your family is told to quarantine, you get nothing, with exceptions in state sick locations..

Originally Posted by Jaww (Post 3602402)

I agree, it was a concession. It was disappointing they said no concessions and this flatly stared the pilot group in the face.

That being said, it’s time to snap back to reality. (Oops there goes gravity) The emergency is over and the world goes on. Covid is manageable now and should be treated like a normal illness. It’s here to stay. But the deletion of the LOA to facilitate a TA was a concession, even if I understand why it was done.

Originally Posted by Jaww (Post 3602402)

I agree, it was a concession. It was disappointing they said no concessions and this flatly stared the pilot group in the face.

That being said, it’s time to snap back to reality. (Oops there goes gravity) The emergency is over and the world goes on. Covid is manageable now and should be treated like a normal illness. It’s here to stay. But the deletion of the LOA to facilitate a TA was a concession, even if I understand why it was done.

Originally Posted by Trip7 (Post 3601723)

Dave Ramsey's advice is mainly for the financial illiterate or those that have a spending problem. Those who have high income and good knowledge on different investment strategies can use Debt as a tool for leverage towards greater gains. So long as one doesn't over leverage.

Originally Posted by hockeypilot44 (Post 3602464)

I watched winning time. Jerry Buss couldn’t afford to buy the Lakers. Apparently he leveraged everything he owned and would have lost team if they didn’t win championship in first year. It’s obviously exaggerated, but now I want to buy an NBA team. We can all dream.