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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: energyplay who wrote (51110)6/19/2004 2:35:39 AM
From: Taikun  Respond to of 74559
 
Taxes, did I hear someone say I had to pay TAXES? (It's OK, I have note from the IRS)



To: energyplay who wrote (51110)6/19/2004 3:43:48 AM
From: RealMuLan  Respond to of 74559
 
>>Eventually, both cars are paid off,<<

That will be the time to have a new car. Last time I heard is that over 40% of the cars worth less than its outstanding loan.

>>and then the credit card debt is reduced with transfering the balance to cards with lower rates. +4,000<<

That all depends on how much they owe and how is their credit. I have a friend who have US$30000+ credit card debt with 15%-20% APR (he already refinace his house twice). And his wife is unemployed.

>>Both people get nominal rasies at work of about 2%. +4,000<<

Most of state employees (exclude professors in state universities) got an average annual raise 1-1.5%, including the booming days around year 2000.

>>Some will be company stock purchases at 15% discounts. <<

I got a friends working for QCOM, and bought some stock options during the good time, still lost about high 5 figures<g> And he said there are quite a few of his workmates are in the same situation.