Search results

@irishbelle You've got it covered. good luck, man! Come back in a year. It would be interesting to get an update!

@irishbelle Best way to deal with this anxiety is to have a plan. Make a monthly budget and start testing it from tomorrow. Draw-up the rainy day scenarios, what if you loose your job, what if you have an accident or get seriously sick, what if you will have an unexpectedly large expense to...

@irishbelle the buyout price of 110k seems to high to me. In plan A, if you sell the apartment now, you will have to split a maximum of 116k (350k-234k) that will remain after reimbursement of the loan. Assuming that you have a 50/50 arrangement, the worst possible outcome is her getting 58k. So...

@irishbelle To do the math asset wise, we would need more details: how much is left on the initial loan, how much your ex asks for the buyout, how much you have in savings and how much you earn per year. Then, you have to think a bit about the future plans, even though it may be hard at this...

@jesushockeyandfriends Thanks for the reality check, much appreciated! In my case, this spent is about 10% of my net worth which is spread between ETFs, real estate, shares of my employer, a bit of crypto and cash savings account (will be used for the purchase). The difference between the car...

@bethlehem57 thank you for the links, this is the debate I was looking for. indeed the math may be in favor of the loan, however the hassle and potential risks may not be worth marginal gains...

@janetmal definitely not an unexpected question in this sub :) the cost difference between the car i need and the car i want is well within the range that will not affect my lifestyle and will not significantly affect my net worth. there is always the debate on alternative (more satisfying)...

(long time lurker, first time poster) My last 5 years were quite productive income wise, thanks to a series of salary raises, timely investments decisions and controlled spending. So, I decided to reward myself with buying a new car for my family of four. I currently own a german 9 y.o...