SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: SilentZ who wrote (496318)7/19/2009 3:46:47 PM
From: bentway1 Recommendation  Respond to of 1571405
 
" If my income were to be reduced 10%, I'd be fine. If theirs were, they'd lose everything they have."

That's bullshit Z. Ten knows he'd have to ski Utah or Colorado instead of the Swiss Alps. It's a BIG DEAL. It involves real SACRIFICE, loss of status and face..



To: SilentZ who wrote (496318)7/19/2009 3:53:03 PM
From: steve harris  Read Replies (2) | Respond to of 1571405
 
Ask your parents what they were taught in setting up a budget, especially how much of their income was to be applied towards a house.

Back in the good old days, we were taught never spend more than 25% of your income for a home.

The schools are failures and we see examples every day.

Here's a 28% rule of thumb:
credit.com

I chose not to get myself into a financial bind, while others today are screwing themselves. Now you're telling me it's my responsibility to help them? BS