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You are more altruistic than I would be, Editormum.
I would pay off my debts, pay for my education, and go to Britain. Why? Because I always wanted to go there.
posted by
msaries
on September 18, 2003 at 2:44 PM
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Check out the "paying off the debt" part.
If you have, or could refinance to, an interest rate lower than the return your investments will ABLOSUTELY deliver, then hold onto the debt, invest that money, pay the debt at the low interest rate, and save the difference to reinvest, attack the principal of your debt, or go buy the dependable new car (which can save you money, too).
If you "re-fi", talk stupid, dress stupid, wear old shoes, and sucker them into thinking you ARE stupid and greedy...then wheedle them into eliminating any "early payment" clause and to allow directed overpayments each month against the PRINCIPAL of the debt, not just hacking away at the interest with a tiny amount to the principal or none at all. Make them think you're counting on hitting the Lotto or Uncle Elvis keeling over at his frozen yogurt cart in the mall.
posted by
majroj
on September 17, 2003 at 10:17 PM
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...What about
...and taxes? At 38.6% plus $90,000 and some change, you might find that million not quite stretching so far. I've always wondered; does the tithing part come before the taxes, or after it?
posted by
firebird
on September 17, 2003 at 4:04 PM
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