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Saudi Arabia not renewing Petrodollar agreement…..
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<blockquote data-quote="BadIdeaGuy" data-source="post: 5925073" data-attributes="member: 73381"><p>You're making some fairly big assumptions in the second half of that post.</p><p></p><p>I would consider myself very well off for my age, and I'm very lucky my parents taught me about finance so early.</p><p></p><p>You are going to have a payment on the travel trailer, yes?</p><p>You are going to need to purchase something to pull it with?</p><p>And you are going to need insurance on both of those things?</p><p></p><p>So really what you are getting for $375 a month is water, trash, and a place to park.</p><p>Cable and wifi are non essentials.</p><p></p><p>If you get a 7 year loan for the trailer, I'd guess about 300 a month?</p><p>And maybe 50 a month for insurance?</p><p></p><p>Just throwing numbers around.</p><p></p><p>But that would put you at $725 a month to live there.</p><p>In a cheaper part of the country, that's not all that far off of a house payment. And if you had the house payment, you'd build equity in something that will probably be appreciating in value at the same time.</p><p></p><p>I'm not trying to beat you up, dude. If you have a good life, I'm happy for you.</p><p>I'm just not sure how much cheaper life actually ends up being when you do more creative stuff like that.</p></blockquote><p></p>
[QUOTE="BadIdeaGuy, post: 5925073, member: 73381"] You're making some fairly big assumptions in the second half of that post. I would consider myself very well off for my age, and I'm very lucky my parents taught me about finance so early. You are going to have a payment on the travel trailer, yes? You are going to need to purchase something to pull it with? And you are going to need insurance on both of those things? So really what you are getting for $375 a month is water, trash, and a place to park. Cable and wifi are non essentials. If you get a 7 year loan for the trailer, I'd guess about 300 a month? And maybe 50 a month for insurance? Just throwing numbers around. But that would put you at $725 a month to live there. In a cheaper part of the country, that's not all that far off of a house payment. And if you had the house payment, you'd build equity in something that will probably be appreciating in value at the same time. I'm not trying to beat you up, dude. If you have a good life, I'm happy for you. I'm just not sure how much cheaper life actually ends up being when you do more creative stuff like that. [/QUOTE]
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