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Posts Tagged ‘10 years’

If this question bores or annoys you, please just close it out. Otherwise, i really am looking for what you would do. Thank you!

Lets say you won ten million and you wanted to give 1 million to your bf of 10 years (more like best friends but he’s done a lot for me) but he said he’s going to take it and go to New Hampshire. Lets say you were planning to go to your dream California but he said he didn’t want to go there. Would you give him the 1 million? I just feel it’s bitter-sweet, to come into wealth and your bff leaves if you share a chunk of it with him. I mean he might have helped me out a total worth maybe 15g. I think if he’s going to leave, I’m not going to give him 1 million even though he calls me selfish. I feel that 1 million is for someone who is going to remain in my life for now, now move somewhere else right now, otherwise I’ll give him 100 grand or something. Is this fair? What would you do?.

Also if you have time, what to do about his family? The parents had a daughter that did some illegal acts in hurting the other sibling. She tried to blame me to the sibling and the parents kept their mouth shut even though thy knew she was behind it. In the end, the other sibling found out the truth. Long ago, they gave me a place to stay when I was poor. Now I feel bitter-sweet towards them. I am thankful of the past but I think it was really crappy how they let me be scapegoated for their daughter’s crime for awhile. I feel it almost evens everything out. At most I wanted to just pay off their debts and that’s it. I thought to give them 11 grand each, the most you can give without them having to report it and have to pay taxes but I’m not sure I should even do this. Lets say just before I won, my bf lost his job and his mom wouldn’t help us with any bills because she wishes we’d move back home so her son would be close to her again. She’s nice on the surface but I feel it’s selfish in the end. What would you do?
Well, it’s not buying a friend. I’d give 100 grand anyways but I was thinking we’d go to Cali together and I’d give him 250g to enjoy out there. If he’s going to choose a long distance relationship and move to another state, I don’t feel that is commitment to the relationship and abandoning me for money (that I gave him). So thank you, from you say, I think I’d give him 100g and monthly installments as long as we’re together. If I break up at some point and he still wants to go to New Hampshire and he was good, I’ll give him the rest lump sum.

As for his parent, on one hand i want to share my $ with people who once helped me but after I recently found out they scapegoated me to protect their criminal sibling, I feel angry but don’t want to be petty or greedy but I think it’s a big enough slap in the face but they are telling my bf that I’m cruel and selfish not to give them $ so it was that guilt since I’m sensitive. But reading what you said, I think paying off their debt is enough a
BTW thank you. Just hearing some other opinion outside of this makes me feel better and see more clearly the answer I couldn’t see lost in my own thoughts.

& of course I’d invest BUT I did want to share with some family and loved ones.

My husband has 2 daughters: one 24 years old and the other one 17. The old one works and lives with her boyfriend. The younger lives with us and dropped School and it is not working. My husband feels constantly worried for his daughters due to his ex-wife is very irresponsible. She is a prescription drug addicted and collects disability. She always has financial problems and manipulates their daughters to get money from my husband. For example she gets problems with bills, obligates her older daughter to give her money and then the older daughter comes complaining to my husband. So, finally my husband ends paying his ex-wife bills. On Christmas he gave big extra money to his girls to buy gifts for their mom and friends. My step-daughters are old enough to buy the gifts with their own money. I understand buying Christmas gifts for his daughters but giving them money to buy gifts for others. It was not making much sense to me. My husband looks worried to lose their daughters if he doesn’t help their mother. Lately he asked his ex-wife to go to a rehab and he will help her with a place where to live. I feel like he feels guilty and obligated with her. I mentioned him that his ex-wife has a big family that she sees every weekend and has sisters. Her family should help her, not him. He answers ‘her family won’t help her’. I feel like he doesn’t understand the line. He has a big debt and we shouldn’t be getting into more bills. I feel like he needs to make understand his daughters that he doesn’t have any obligation with their mom. My husband’s ex-wife cheated him in the past and they are divorced for almost 10 years. I believe he loves me deeply but I feel that he doesn’t know how to handle the boundaries and he puts constantly his daughters in the middle. I love my step-daughters but they should be more responsible. Just in case we don’t have kids together. Please, give me your inputs and I would like to know what you think about my situation. Thank you.

we got a 0,000 15 year loan at 4.375% 5 years ago and now owe about 0,000. On my last payment about 50 went to principal and 8 went to interest. On the current pace I will be debt free within 10 years. My wife who does not currently work wants more money to spend each month. She is tired of me planning for the future and me telling her that we don’t have extra money for the things she wants (needs are taken care of) and wants more money now.

She figures that since we have 0,000 in equity that she ought to be able to use that money right now. She wants to re-finance the house at the current rate (around 6%) for 30 years to bring our out of pocket cost for the house down each month so that there is more disposable income. In doing so, the amount going to principal is hardly anything and the whole payment would go towards interest. Can someone give me some advice on how to convince the wife that her plan is not the smartest thing to do? It’s tearing us apart

we got a 0,000 15 year loan at 4.375% 5 years ago and now owe about 0,000. On my last payment about 50 went to principal and 8 went to interest. On the current pace I will be debt free within 10 years. My wife who does not currently work wants more money to spend each month. She is tired of me planning for the future and me telling her that we don’t have extra money for the things she wants (needs are taken care of) she spends 00 after fixed bills and wants more money now.

She figures that since we have 0,000 in equity that she ought to be able to use that money right now. She wants to re-finance the house at the current rate (around 6%) for 30 years to bring our out of pocket cost for the house down each month so that there is more disposable income. In doing so, the amount going to principal is hardly anything and the whole payment would go towards interest. Can someone give me some advice on how to convince the wife that her plan is not the smartest thing to do

I know it would fall off in 7-10 years but I am wondering if my financial situation improves and I am able to pay all past debts and fees – if there is a way to remove that credit mark sooner?

I have 10k sitting in a savings account but I am sure there are different ways to make that money grow than just regular account to reach my goals. Main goal is to buy a house in 5-10 years at the most. I am currently 22 and am debt free. I have been looking into the different type of accounts there are such as money market cd’s mutual funds and don’t really know what would be the best way to go. I am considering splitting the money but think maybe that wont give me the highest interest that can possibly be earned. I will be setting up a different IRA account besides the retirement account I currently already have which is through my work so this 10k is strictly to try and maximize for a few years down the road any info on these accounts would help alot and advice on how to invest the money.

For lack of a better term i was forced to take out a mortgage last year on my home that was paid for. The terms and percentages were awful but thats besides the point.

My income at the time was sufficent to pay my bills and the mortgage.

I ran a successful business for a little over two years until 4 months ago when things went downhill. My mortgage payment is more than most people make in my area in 2-3 paychecks and now im unemployed with a SMALL list of other monthly bills besides the mortgage. I do have about k in other unsecured debt from the business and other unsecured creditors from when i was young that i never took care of.

I have thought about bankruptcy, chapter 13 is a no-go mostly because i cant afford the mortgage payments now so why would i waste my time with a 13?Otherwise it could work,but otherwise i dont really need a bankruptcy if were not including the house mortgage because i could just set up monthly payments with my creditors at a small payment.
7 minutes ago – 3 days left to answer.
my monthly expenses are slim so im not worried about that.

My problem seems to stem from my home, i have about 40k worth of equity in a 117k home.

With that kind of equity, it really does not make sense to file a chapter 7 because in my state you lose all equity besides 5k no matter what.

It really doesnt make sense to do a 13 because as already stated i cant afford the payments now,much less the payments to all my creditors plus the mortgage.

And the only other options are selling, of which is not really an option because foreclosure has already been initiated.

Or a deed in lieu of foreclosure, but then im giving them all of my equity for "free" although the foreclosure would likely not show up on my credit report and i could begin to repair the other damage.It would be faster to do this than to wait 10 years for a BK to come off the credit or 7 years for a foreclosure to come off.

OR just let it be foreclosed on……thats not appealing at all ofcourse.
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