Tundras live: Dumb Dad Jokes, Incorrect Opinions, and Relationship Advice.

Exactly. There are cells at the bottom of the calculators that show Additional Payment. The bottom screen shot shows the $2K being applied at the start of the loan.

It's probably info overload but I wanted to include a screen shot of the calculators and the inputs, for proof of concept.

 

TLDR. Just pay cash and be done with it.

 

No prob, I appreciate it.

So..
Adam pays $18,984.13
Zach pays $18,728.92

 

ONLY if the interest on the loan is less than the potential yield on investing that cash.

 

I don't get it either, but it's a fact. Maybe a smart person can explain it to us.

 

Dave Ramsey would slap you.

 

It hasn't been in decades. We have made some purchases with 0 interest, furniture if I recall correctly.

 

Gotta give @LarryDangerfield a run for his money in the pretty pictures dept.

 

And if you use a sinking fund then you pay cash and have interest work for you instead of against you.

 

I haven't heard that term but, same principle as a high yield savings account?

 

A sinking fund is used to set aside money to pay for future expense. If you set money aside and let it accrue interest (or grow in a conservative money market mutual fund) then it grows with the added interest meaning you will have more than your principal invested (saved) to make the later purchase. Interest works for you.
If you get a loan to buy now what you cannot afford then you must pay interest that fights against you.

 

I already had the 640’s stock length suspension (275mm front/300mm rear) resprung and revalved about 4~5 years ago. It rides like a flying carpet and literally floats over rocks at lower speeds, and can easily handle 4 to 5 foot high landings at higher speeds. Like it’s pretty darn amazing…even with the fuel tank completely full (close to 7 gallons). I literally couldn’t ask any more from it, so i brought my suspension tuner all the parts needed to extend the travel another 25/20mm (to 300mm and 320mm). It doesn’t sound like much, but that extra inch-ish of travel does make a huge difference. The longer suspension is currently back on the bike, but it might be another year before i get around to finishing up the build.

We’ll all get to the point somewhere in life where we decide not to ride anymore. Kayaking sounds like a great way to have a fun workout! Unfortunately i get cold super easy, and even thinking about being out on the water gives me the shiver bumps.

 

Yep, I get all that. As long as you don't withdraw the interest gained, correct?

 

That’s my house at all times

 

I've never heard the terminology sinking fund, but I find myself constantly sinking money into savings for a future purchase. As noted above that I pay a car payment to myself into my savings when I don't have a car payment. Then when I buy a car, I use those funds towards a loan I can pay off in under 2 years. But it looks like I've been doing it all wrong. The mmmf play is genius.

 

What return are those giving these days? I probably should throw some cash in one

 

As long as shit doesn't go sideways and the safe MFunds go tits up.

 

Now you've opened Pandora's box. How often do y'all actually change sheets? Who usually does it? My house personally, maybe once a month. Could be myself or the wife. I do a lot of the other laundry though because I don't like certain things dried. I'm usually just to lazy to change the sheets out.

 

Everything you said, applies to our house too

 

I have a Fidelity that is paying 5.8% - but has a little risk

 

I always wanted one of those 640's before I bought the 690. So much torque in them and I can see why you'd put longer travel on it if you're riding trails with 4/5 foot drops. I was never that daring to move fast enough to manage that on such a big bike. Mtn bike maybe, but definitely not a dirt bike, let alone an adv touring bike. The whitewater trips made rafting and kayaking so much more fun than a bike for me though. Once you push off from a shore and float into a solitary canyon for a few nights or longer no sport as far as adrenaline wise has ever given me such a high. Every year I paddle my raft or kayak as much as I can. I'm actually about to drive to Oregon on Monday to disappear into the rogue river gorge for 5 nights next week. I can hardly wait to run it as it'll be a first descent for the entire crew going. 2 rafts and 3 kayaks. Here's some pics of trips I did this year. Minus Peru that was 2019

Kayaking the Rio Maranon in Peru



Pulling into camp on the Colorado River



Kayaking Westwater Canyon UT


Paddle raft Eagle River CO



Edit. How could I leave out everyone's favorite quintessential river trip. The Grand Canyon. These are from 2021.

 

F***’n A tell me about it - lost $1,500 on one of my Fidelity accounts over the past 10 days

I will say, having a savings account with Ally Bank has been fantastic. It’s currently at 4.20% APY.

Between that and paying/purchasing what I can with a TD cash back credit card (I do not revolve), it racks up to +$500 extra month!

 

That's a nice apy at ally. Cash back cc's are the best. Every monthly bill goes on it. Paid of monthly. No brainer there.