The perfect MP3 player
andrewm_hunter at froghunters.com
Mon Sep 19 10:46:08 MDT 2005
> -----Original Message-----
> From: plug-bounces at plug.org [mailto:plug-bounces at plug.org] On Behalf Of
> Sent: Monday, September 19, 2005 10:15 AM
> To: Provo Linux Users Group Mailing List
> Subject: Re: The perfect MP3 player
> Grant Shipley wrote:
> >On 9/18/05, Dave Smith <DavidSmith at byu.net> wrote:
> >>Yeah, I guess we all have our weaknesses... I waste my money on Roth IRA
> >>mutual funds, my 401(k), and paying down my house. I've never owned an
> >>MP3 player, except the Cassiopeia e15 I bought for $90 on Yahoo Auctions
> >>5 years ago, with 16Mb of RAM, and that only played in mono, and barely
> >>at that. I should probably do a better job of contributing to the
> >>economy by spending more on electronics.
> >I hardly call putting money away in investments and savings a waste of
> >money or a weakness. However, it is very important that we save
> >enough for our future (retirement) WHILE enjoying life now. Call my
> >crazy but lets say for example I had 2000 a month to save, I would
> >rather save 1700 and budget in 100 a month for entertainment/toys and
> >another 200 a month for vacations. But -- I am the type of person who
> >enjoys living in a 180k home and having extra money to spend while
> >others enjoy living in 400k homes with no money to spend. It all
> >personal preference but please don't assume that because people buy
> >things they enjoy that they are not saving.
> >I am not a big fan of paying extra on my house every month. Lets say
> >a house payment was 1000.00 a month but you had 1500.00 a month you
> >can spend on a house. Wouldn't it be better to pay the 1000.00 and
> >put the other 500.00 in a savings account? At the end of three years
> >you would have made your house payments and 18000k in a savings
> >account. Then, when you lose you job, you can make your house payment
> >for 18 months (while looking for work) as opposed to owing a little
> >less but not having the money to make payments with the possibility of
> >losing your home. When you have enough in your savings account to pay
> >off your home, do it then.
> Get a home equity line of credit (with a fixed interest rate) for 100%
> of the value of your current mortgage. Then use the equity line to pay
> off your mortgage. You now only have an equity credit line payment and
> no mortgage.
> Next, put all your money you would have saved in a savings account in
> the mortgage. Next, put all the rest of the money you wouldn't normally
> pay on your mortgage in there too. Now, when you need to buy something,
> just take out the amount you need.
> This only works if you can live within your means. If you do it
> however, you'll save a lot of money. The savings is realized by the
> smaller interest you pay each month.
> If you loose your job you can live for some time on the equity line.
> Getting close to paying off the line, you simply withdraw a sum of money
> back to a savings account before you pay it off.
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> Don't fear the penguin.
Geez... buying an MP3 player is way more complicated than I ever imagined...
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