Mhennin2's picture

Mhennin2


MEMBER SINCE   April 24, 2014

Recent Activity

Comment 07 Nov 2019

Millennial born in 93, had floppy disks in elementary school, had a flip phone until freshman year of college, grew up where your internet was based on what version of the AOL disk you had installed

Comment 06 Nov 2019

i mean Tebow scored 145 total touchdowns, over 12,000 yards and has 2 national championship rings. Hard to argue against his accomplishments. He wasn't a good NFL QB, but i can't think of any other QB with those credentials in the college game. 

Comment 21 Oct 2019

John Cooper was a hell of a recruiter, I'm not sure you guys consistently out recruited OSU back then, but the coaching during The game was undoubtedly much better

Comment 25 Sep 2019

the next thread is going to be very pleasing, friendly, agreeable, winning, winsome, prepossessing, refined, cultured, amiable, delightful, charming, inviting, pleasant, cordial, courteous, ingratiating, considerate, kind, kindly, helpful, gracious, obliging, and genial

Comment 11 Sep 2019

I've made the mistake myself of financing my car, but I paid it off a few years early and now have a dedicated high interest savings account specifically for my next car (hopefully wont be any time soon because if it is i'll be driving a beater for a while)

Comment 11 Sep 2019

Agree with all of this except for the 30 year mortgage part. Of course if you can then you should be in a 15 year mortgage, but in a 30 year mortgage you are still paying some principal and are building up equity in an appreciating asset (theoretically). Your 30 year mortgage and your rent should be somewhat similar and if you are building equity, having the ability to deduct interest payments,and gaining value in one vs paying someone else's mortgage, then you should always take the former. besides that i agree with everything else

Comment 11 Sep 2019

never ever take out another loan against your 401k, especially not for a vacation. For someone in your situation I would advise to pay down all your debts as fast as possible. Start with the lowest debt first and work your way up from there. Most people when they attack debt with the highest interest rate/balance they get frustrated because they dont see the kind of momentum necessary to pay it all down in a short period of time. Here are the steps I would take:

1. build up an emergency fund of at least 3 months of reserves, for you I'd save up 6k

2. attack the smallest debts first and once you have those paid off, take the payments you were making on those and attack the next smallest and so on and so forth until you are completely debt free

3. invest more aggressively into your 401k and start a roth IRA. Ideally you want to contribute 15% of your income to retirement. This step is a lot easier when you dont have to divert your income towards debt

Other tips:

-dont buy your next car with an auto loan, buy it with cash, paying interest on a depreciating asset is one of the worst things you can do, and that's not just limited to cars but anything that is depreciating.

-set up a separate savings account specifically for vacations if that is something you enjoy or feel is necessary. you dont want to dip into your emergency fund for this or your investments, so if you need that in order to relieve stress, set aside money on your own in order to fund the trip outside of debt

Comment 29 Aug 2019

I'm a loan advisor and what I see all too often is people throwing a large amount of money down and draining their liquid assets only to move in and want to furnish the home right away and throw everything on the credit cards and then drowning and debt and looking for relief in a matter of months. I'm not sure how much you put down, but i'd advise putting as little down initially until you have the home the way you want it, and then you can look to put more towards the mortgage to pay it down faster. Don't stretch yourself thin. Dont fall for 0% interest credit cards that everyone tells themselves they will pay off before interest is due (they rarely do). My wife and I purchased our home in 2016 and still have an entire room that is empty, don't rush to furnish the home if it isn't absolutely necessary. That would be my advise as someone who literally sees this every day

Comment 06 Aug 2019

Togiai and Smith wont start over Cooper and Cornell/Hamilton, but they'll definitely both get their reps

Comment 30 Jul 2019

It's not a guess that Herman and his wife basically have an open marriage and are into the whole swinger thing. If they're both into it that's fine, but don't try and claim you are some "man of faith" while doing all of that