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Old 10-11-2012, 07:01 PM
 
Location: Brisbane
5,058 posts, read 7,497,346 times
Reputation: 4531

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Quote:
Originally Posted by Tallysmom View Post
Yeah, but here all that meant was you didn't have to pay the full amount..... so those were the first to go in the subprime mortgage meltdown. Those were also marketed more to the bad credit/no credit crowd.
Interesting, its almost the complete opposite here, we have american style fixed mortgages avaiable, but they are not very popular at all. Normally used by people who can only afford to pay the minimum amount and no extra.

Last edited by danielsa1775; 10-11-2012 at 07:22 PM..
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Old 11-04-2012, 11:35 AM
 
Location: West Paris
10,261 posts, read 12,507,746 times
Reputation: 24470
U.S. Consumers Saving More, Spending Less | Via Meadia

It is low...
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Old 11-08-2012, 06:26 PM
 
4,338 posts, read 7,506,118 times
Reputation: 1656
I save 99% of it. 1% of it goes to bills and the rest in investments.
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Old 11-11-2012, 10:19 AM
 
837 posts, read 1,798,228 times
Reputation: 666
Quote:
Originally Posted by Info Guy View Post
I save 99% of it. 1% of it goes to bills and the rest in investments.
You must either have an exceptional income or really low costs.

For my monthly expenses to be 1% I'd have to make about $1.2M a year give or take.
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Old 11-11-2012, 10:45 AM
 
Location: SoCal desert
8,091 posts, read 15,429,770 times
Reputation: 15038
Quote:
Originally Posted by Info Guy View Post
I save 99% of it. 1% of it goes to bills and the rest in investments.
Quote:
Originally Posted by chicagotodc View Post
You must either have an exceptional income or really low costs.

For my monthly expenses to be 1% I'd have to make about $1.2M a year give or take.
Info Guy has claimed this before.
Info Guy lives with family.
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Old 11-11-2012, 11:57 AM
 
Location: Los Angeles area
14,016 posts, read 20,900,579 times
Reputation: 32530
Quote:
Originally Posted by chicagotodc View Post
You must either have an exceptional income or really low costs.
For my monthly expenses to be 1% I'd have to make about $1.2M a year give or take.
Quote:
Originally Posted by Gandalara View Post
Info Guy has claimed this before.
Info Guy lives with family.
Interesting additional information, Gandalara. The fact that InfoGuy failed to disclose that important datum just confirms my original impression of his statement that it was simply saying something outrageous in order to rile people up.
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Old 11-11-2012, 06:48 PM
 
4,338 posts, read 7,506,118 times
Reputation: 1656
Quote:
Originally Posted by chicagotodc View Post
You must either have an exceptional income or really low costs.

For my monthly expenses to be 1% I'd have to make about $1.2M a year give or take.
Really low costs since I live with family. Everyone chips in and gets a chance to invest chunk of their income. Win-win for all of us.
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Old 11-11-2012, 11:45 PM
 
1,257 posts, read 3,682,237 times
Reputation: 941
Quote:
Originally Posted by Info Guy View Post
Really low costs since I live with family. Everyone chips in and gets a chance to invest chunk of their income. Win-win for all of us.
1% eh? How much are you guys making that everyone chips in yet you're only losing 1% of your income?

Are you guys like super millionaires?
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Old 11-12-2012, 03:22 AM
 
Location: Between Heaven And Hell.
13,623 posts, read 10,024,461 times
Reputation: 17006
Nothing.
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Old 11-12-2012, 05:46 AM
 
6,192 posts, read 7,353,597 times
Reputation: 7570
The past year or so we were saving about 40-50% of our combined income.

Now that we're in the midst of purchasing something, not much.

Once we're all moved out and in our new place, we won't' be saving much for awhile. But once we're done with renovating and purchasing stuff for the new place, we will be saving more than we were before.
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