meeku entha appu vundi?

[4Vikram]

$50K 

[Neutral]

house meeda 500k loan undi...... credit cards every month clearance vallu vesey interest kattadam istam ledu....only using credit cards vallu ichey 1 to 2 % returns kosam....cars eppudu lease aa...

[speedracer]

Db lo vallaki appulundavu ekkuva, vuntey ikkada roju enduku dobbinchukuntaru.office nunchi intiki velley darilo mcchicken tini intiki vacchi db login avutaru

[samaja_varagamana]

1 hour ago, Android_Halwa said:

exactly...try to create a portfolio where you can gain returns more than interest rates. use a credit card..20k..then consolidate it with a loan...okadi appu teerchadaniki inkoka appu cheyu bhai...liquid enduku cheppu...and interest rates are on par with inflation rates, why do you want to pay up debt ?

interest kadutav...but thats okay..you have higher access to credit...cheap money man..I know a guy who has 300k credit cards and almost 1.5 million debt..and he has made much more than he paid interest..

its a cycle..its life..who cares if you die with millions of debts..at least you had chance to enjoy the money..

Asalu neetho business cheyali bhayya

[McD_Murthy_02]

200k in shares...150k in savings...no appus no loans man

[tennisluvr]

14 minutes ago, McD_Murthy_02 said:

200k in shares...150k in savings...no appus no loans man

[Batman_fan]

2 hours ago, Android_Halwa said:

A honest advice and this is coming from a person who has tested such a model successfully and i am trained to do so...this credit system is a trap..try to take advantage of cheap interest rates.

Do not payback..try to refinance...try to take a loan to consolidate your debt..use your cash to invest..

rather than taking credit cards from different banks, open a checking account, link it to your salary..and start taking a credit card one for every 6 months...oka 5-6 different cards..try taking all the cards...then take loan to consolidate all those credit cards...take those credit cards and put then in closet...now, change bank account, go to different bank..repeat the same procedure..take cards..consolidate cards...2-3 cycles like these, may be in 3 years, you will close credit cards and by the time you close them, one can expect good credit limit increases...use them to invest wisely..keep on repeating this cycle..and save your cash..try to create a situation where you should use cash only to make loan payments and nothing else...

who cares if you have debt..and my personal suggessions..transfer all the credit into investments and stay in debt..investments and returns will be with you as your backup..banks don;t expect you to payback..they only expecct you to pay back slowly..

Orini...enta uncertainty vunte matram inta bari tegistara. It only works theoretically and when the amounts are small. Who will give loan more than 25K if you don't have collateral. 

[Batman_fan]

3 hours ago, Android_Halwa said:

exactly...try to create a portfolio where you can gain returns more than interest rates. use a credit card..20k..then consolidate it with a loan...okadi appu teerchadaniki inkoka appu cheyu bhai...liquid enduku cheppu...and interest rates are on par with inflation rates, why do you want to pay up debt ?

interest kadutav...but thats okay..you have higher access to credit...cheap money man..I know a guy who has 300k credit cards and almost 1.5 million debt..and he has made much more than he paid interest..

its a cycle..its life..who cares if you die with millions of debts..at least you had chance to enjoy the money..

There is no portfolio that gives you more return than the interest you pay. Average portfolio returns are 8% for last 10 years. Credit card payments Apr is 16%. Almost two times. You will never be able to break even

[Batman_fan]

Car loan 20K and saving 20K. So break even.

[Android_Halwa]

4 minutes ago, Batman_fan said:

There is no portfolio that gives you more return than the interest you pay and inflation. Average portfolio returns are 8% for last 10 years. Credit card payments Apr is 16%. Almost two times. You will never be able to break even

 

Exactly man..there is no portfolio which can give you higher return than inflation and interest adjusted.

But there something where one can expect good return, that is called as profit by investing wisely and securely, for say, housing, commondities, metals, etc. depending upon personal interests. Low risk, low returns, high risk, higher returns..blah blah..we have b een reading this for ages now..

What I am trying to say, when you die, why we need die debt free, lets die with couple of million on credit cards and loans..and paid up house. 

imagine next life of 30 years..every 4-5 years, try to consolidate all your debts into one huge loan..use up all your credit..build your profile..do it for 4-5 years..buy a house..in 4-5 years..you will fall into debt again..thats good news..you can take up loans again..more credit..more money..more chances to invest..the earlier house you bought, do a foreclosure and sign another house..and you now have huge debt..but an asset too..do it like this..repeat the cycle..refinance the paid up house, use that money for another house..congrats, you got intop huge debt again..take rest for 2-3 years..start to replay with your pay and rents or any other income..see your property prices going up or appreciating..and yeah, now you have an asset and use that asset to borrow money again, invest in another house..go on like that and by 60, you have assets, and few of them would be paid up and few of them still under mortgage..who cares..now, calculate the interest you paid all these years, and worth of the assets you have and most importantly, the amount of debt..and forget about the debt, don't clear it and die peacefully..just make minimal payments and keep waiting for the death...transfer all the paid up properties to your wife or childred and enjoy life, your portfolio is safe..and your debts won;t bother anyone..I mean its just an example..there are manyw ays to invest and get returns..although not every investment should return something, its risky but thats what life is all about..some small risks here and there..

My sincere advice, do not die debt free guys..no one cares if you die debt free but if you can use the same credit for your family and die with huge debts, our mission in life is successful..

Don't die debt free..and once you have money with you,secure assets, who the fkuc cares about credit history..

[Android_Halwa]

20 minutes ago, Batman_fan said:

Orini...enta uncertainty vunte matram inta bari tegistara. It only works theoretically and when the amounts are small. Who will give loan more than 25K if you don't have collateral. 

 

yeah..to start off with..oka town house konu..mella mellaga..ade asset ayitadi..ninda munchanika ade panikostadi..takattu pettu...there are ways and methods..start small..oke roju evadu kuda niku adiginantha ivadu..start off with 20k..use it for a purpose investment or for an asset..opika pattuko..create that asset as collateral...ipudu cheppu bhaiyya, dani viluva entho, antha istadu loan..now you have open up market for lot of money and cheap capital...repeat this circle for the next 30 years and see, the kind of debt you gonna leave back and the kind of money you can make and enjoy..

 

[srshb445]

3 hours ago, Android_Halwa said:

I have presently 40k appu. and antha credit card appule...

I have no intention to clear them anytime in near future...and I am looking forward to increase my debt to 100k by the end of 2017..Looking for a personal loan of 15k, credit cards of another 20k..and car loan of 20k..

target...atleast 250k debt by 2020...intha uncertainity vunapudu, I don't want to payback to the backs..when I get a feeling that I can stay here for another 10 years without hassles, then appudu teerpadam start pedutha..last year i cleared 20k debt..danike badha padutunna, anavasaranga peerpina ani..

2017, looking forward for atleast 60k more appu..bless me my luck..

 

interest pay cheyyakunda ela manage chestunnavu 40k balance ni

[chor]

36k unkulu 🤒

[crazymatta]

14k cc balance, 19k auto loan

[Android_Halwa]

7 minutes ago, srshb445 said:

 

interest pay cheyyakunda ela manage chestunnavu 40k balance ni

 

andulo oka 25k balance transfer lo vundi...ipudu inkoka card teesi balance transfer cheyali...

Jai CITIbank...vaadi degara 21 months interets free...longest vaade...already 2 teesina..time degara padutundi..vadi degara inkoka card vundi...adi teesukunaka, oka 20k loan teesukunta..oka 7% APR padutundi..vatitho CC clear chestha..apudu CC mida full balance vastadi..oka 1-2 years nadustadi..apatiki loan clear chesestha//credit limit perugutadi...already loan clear chesina kabatto higher access to credit availability dorukutadi//

adamaina kathalu cheyali bro..