Submitted by AmethystOrator t3_114062f in UpliftingNews
elpajaroquemamais t1_j8wztyx wrote
Reply to comment by Kuli24 in Tyler Perry to donate $2.5M to help older Atlanta homeowners by AmethystOrator
You are describing exactly why you need to save that money instead of spending it on a PS5 or charity. Thanks for proving my point.
Kuli24 t1_j8x0n6p wrote
I'm saying that $625 is a typical expense we are already used to paying. What's one more of them? I'm saying if you have $250k of the house paid off, chances are you can drop $625 without it affecting you. And no, we shouldn't save all of our money. Buy a PS5 and enjoy if it doesn't hurt you financially.
elpajaroquemamais t1_j8xmldz wrote
The house may have been worth $200000 when you bought it. But when it becomes more valuable it increases your net worth. That’s my point. It’s not cash in hand.
Kuli24 t1_j8xr7rg wrote
Ohhh that's what you meant. I thought you meant a $400k mortgage with 150k remaining.
elpajaroquemamais t1_j8xw4hp wrote
Nope. And now you see what a worthless number net worth is.
Kuli24 t1_j8xwbt9 wrote
No kidding.
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