Amen Rick Knoble 1985 300 CD ----- Original Message ----- From: "Rob S." <[EMAIL PROTECTED]> To: "Mercedes mailing list" <[EMAIL PROTECTED]> Sent: Tuesday, July 12, 2005 10:28 AM Subject: Re: [MBZ] Health insurance, OT
> who cares? the only thing a good credit rating is good for is to get > into debt. > > if you don't have the money -- don't buy it! > > I learned that the hard way. Just now recovering. wrote a check for > the last of my student loans last week, bought an Odyssey with a check > this week. > > one remaining credit card is sitting pretty at 0% interest until April, > I'll have it paid off long before then. > > We'll own our house outright in 5 years. (bought it a year and a half > ago) > > My first credit card was in college -- $500 limit. I went out and > bought a digital camera for almost $400. A few months later I got a > $10K limit Discover Plutonium card. (or something like that) A new > Powerbook, iPod and a few vacations later I had $9K on it. Graduated > college, got a teaching job making $33K a year and went out and bought > a $24,000 jetta (TDI wagon -- loved it!) > > I didn't know any better. My parents never had consumer debt and never > taught me anything about it. All I knew is I got free t-shirts for > filling out credit card applications outside the dining hall. > > Met the redhead, and at the time had a $15K car loan (with $518 > monthly payments) had $8500 on a credit card and a $5000 student loan > balance. Signed a contract on a house, sold the Jetta (for $2K > more than I owed -- gas prices were high and TDIs were scarce) and > started driving $800 cars. cut up the credit cards and ended up saving > $15K to put down on this house. > > My wife and I are both school teachers in our third year of teaching. > It's a good income, but not anywhere near six figures. > > Spend less than you make. Have an emergency fund (a la Dave Ramsey) > and pay more than minimum payments and don't use plastic. > > > Hopefully that inspires someone out there. > > -Sealover > 83 300D > 84 300D future parts car > 77 300D present parts car (free to good home, FOB York PA) > 95 Odyssey EX > 98 Breeze (wife's) > 91 Aerostar XLT ($500 obo) > 76 CB750F >
