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09-12-23 13:42 #3988
Posts: 2973Aim higher
Bearsi, I personally won't even consider someone still carry a student loan at your age. I don't know anyone after working a few years still owe student loan. If the student qualification is good, he or she can easily have a choice of the school he or she wants to go to with at least 50% scholarship. It the student does not choose to study a degree that can make money to pay off the loan, that decision making is questionable.
The female lawyer in my post. She went to a private college that gave her scholarship. While studying at school, she was making 6 K+ a month during summer internship. She won't own too much if she owed anything at all. Her brother is the same, but he chose to study a useless major. Then he saw his girlfriend and other people who studying computer science getting good job offers so he decided to take out a student loan to get a master degree in CS. He got a job offer one year before graduation. He did so because he knew he can pay off the loan easily by then. The irony is that he initially entered a prestige university to study CS to begin with but he switched major. I was also debt free when I graduated.
I know my regular family and friend circle is not the norm but you certainly can aim higher to avoid some financial issues
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09-12-23 05:14 #3987
Posts: 217Originally Posted by Xpartan [View Original Post]
There's just one catch to discharging federal student loan debt. The IRS may treat the cancelled debt may as income, leading to a tax liability. The federal government may send a 1099-see to the borrower's estate or to the borrower of a Federal Parent PLUS loan. The tax liability is less than the cancelled debt, but it may still be a non-trivial sum.
There is no law requiring lenders to cancel private student loans upon the death of the borrower.
Half of private student loan programs do not offer death discharges. If the borrower dies, the lender will charge the debt against the borrower's estate. The cosigner may become responsible for repaying the remaining debt after the estate is settled.
If you die, your widowed spouse could be left responsible for paying off your student debt, depending on your state of legal residence and whether you borrowed the education loan after you got married.
In the nine community property states – Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington and Wisconsin – a surviving spouse may be held liable for repaying a private student loan following the death of a deceased spouse, even if they didn't cosign the loans, but only if they took out the loan after they were married. ".
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09-11-23 05:38 #3986
Posts: 16038Originally Posted by TjBrazil [View Original Post]
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09-11-23 05:30 #3985
Posts: 16038Originally Posted by Bearsi [View Original Post]
My dad is 73 years old. He said that he loves his kids, but if he had experienced all the places we have traveled to monger in beforehand, then he would have never gotten married. Now a Murphy for the checkmate!
https://youtu.be/wRXq8TKq-a8?si=WUxn9t9DVclbDrUW
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09-11-23 04:56 #3984
Posts: 1173Originally Posted by Nounce [View Original Post]
https://m.youtube.com/watch?v=rGPWW9...IGRlIG5pcm8%3D
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09-11-23 04:30 #3983
Posts: 217Originally Posted by TheCane [View Original Post]
America is a consumer **** that can't help but medicate itself with goods and drowns itself in debt.
It is really shocking how alot of people don't know what APR or a variable APR is. They sign whatever they need to, to get their high on the next big thing.
"my bills are paid and my investments made before I get laid!
-The Cane.
Now this is a quote worthy of bartlett's.
Words I live by as well.
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09-11-23 01:49 #3982
Posts: 2973Originally Posted by Bearsi [View Original Post]
This is how you can walk away quickly like you mentioned in your original post. Issues related to law can't be delayed. When you are equal, you have more time to work it out. When you are not equal, you have to shut it down as soon as you can because time is another factor during divorce. You hear men talking about not getting divorce due to kids. But when you look at the age of the kids and maybe the non-working spouse, you know the man don't really feel he can afford to get a divorce because he has been married too long.
If you are sure she is the one, than you can take more risk to marry someone who makes 1/3 of your income, and what you said makes perfect sense but that is not how the law works when it comes to divorce.
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09-11-23 01:46 #3981
Posts: 2002Originally Posted by Bearsi [View Original Post]
Full disclosure: Am I a lawyer? No.
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09-10-23 22:43 #3980
Posts: 6457Debt
Originally Posted by Bearsi [View Original Post]
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09-10-23 22:19 #3979
Posts: 217Spending VS Saving
Originally Posted by Nounce [View Original Post]
A great article I read on how some people making 5 million still feel poor.
https://nypost.com/2023/08/14/some-of-the-richest-people-in-america-feel-very-poor-survey/
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09-10-23 21:58 #3978
Posts: 217I see your O'neal and raise a Rock
Originally Posted by TjBrazil [View Original Post]
If I'm hungry is new pussy going to feed me? NEW PUSSY CAN'T COOK!
There's no wrong or right answer either way but I'm definitely not going to be that 80 year old man in scandallo that was coughing up a lung or two last time I went.
To each their own anal tho.
https://www.youtube.com/watch?v=qp39zD6_cLU
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09-10-23 13:05 #3977
Posts: 2973Marriage and P4P negotiation
Originally Posted by Bearsi [View Original Post]Originally Posted by Chicago85 [View Original Post]
That is why I brought up a lawyer in my original post because she knows the details. She enjoys luxurious things so she studied hard and works hard to get what she wants herself. She had a boyfriend from college for about 10 years. She broke up with him because she was tired of waiting for marriage. She is dating a medical surgent now. Her brother also has a girlfriend from school. The girlfriend is an engineer in a high paying large tech company, and makes more money then her brother who is in the same profession. With dual income like theirs, they can buy a million dollar house without much difficulty. It can turn into an investment that the house may be worth 2 millions by the time they divorce so dual incomes is a good idea and it's a must for most people who is afraid of financial lost. I am not saying it is easy as meeting the equal counterpart is not that easy, but one can't look for them in hooker or just random people. At my work, I can easily find man like me but zero woman that can match or close to my pay grade.
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09-10-23 03:19 #3976
Posts: 387Originally Posted by MrEnternational [View Original Post]
It's not the post optimistic way to look at life, but the older, more financially secure, and more set in my ways that I get, the more that I realize marriage is a heck of a gamble. I've worked hard and built up comfortable assets. I may also inherit a sizable amount. I'd love to have a couple kids, but overall I'm happy with my life and the freedom I have. I'd hate to be in a position where I have so much of that taken by someone via marriage that I've known for less than 5 years. I'd even be more disappointed if I had a child with the 'wrong' woman, because then I'd be impacting more lives than my own.... and young ones at that.
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09-07-23 08:17 #3975
Posts: 217Debt
Originally Posted by Nounce [View Original Post]
Legally speaking, depending on local laws, when the money is in different accounts like you stated than the woman or man can't touch it since it's not shared in a joint account. It's not easy or simple of course to shield yourself but like you said you can help which I definitely preach.
Famously there was a recent case where a football player wife divorced her husband and when she tried to get her half of his wealth, she found out legally he owned nothing as he had everything under his mother's name and so she went home with nothing. If you have a good relationship with your folks or even friends it can be a good idea to try but risky too.
https://www.indiatimes.com/trending/...ng-599445.html
The one thing I would ask is how much debt she has. Some people are shocked to find out their spouse has hundred of thousands of dollars in debt and now it's both your debt. I understand a business loan or maybe a student loan with a good working degree but maxed out credit cards and / or payday loans and BS like that I would turn away from. If they happen to die, that student loan debt is like a cancer and attaches to the next of kin and now I'm stuck. I've worked too hard and good to keep a good record and no debt to let that happen.
I've been recently following this youtube channel where real people talk about their real finances and most of them are just bad. One of the one's I linked, the wife had a GI Bill pay her college and yet she managed to still pay 52 k in student loans AFTER the GI BILL. She refuses to cook, get a part time job and gets fast food almost 3 times a day.
That makes no sense and that marriage is doomed. A clear red flag.
https://www.youtube.com/watch?v=931l...el=CalebHammer
https://www.youtube.com/watch?v=84eA...el=CalebHammer
And yes the hormones are unpredictable. A miscarriage can rock the boat as well. Postpartum depression is very real. Lots of things to learn about and I thank god I am not a woman and have to deal with all this BS.
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09-07-23 07:46 #3974
Posts: 2973Originally Posted by Bearsi [View Original Post]
Some women are affected by hormone level change more than some others. Having a child probably will affect them a lot more. If their hormone level does not go back to normal, then the woman probably will be different.