Your "Pros" and "Cons" Financially

[SirFooK'nG]

Pros:
- House Paid off (last month)
- Purchased Car cash 3 yrs ago, no longer need it (have a company car)
- Two credit cards, both paid off...
- Age 38
- Single Dad (Great son 8yrs Old)
- Cancer Survivor

Cons:
- Widower
- High Risk Cancer

 

[akescpt]

Pros:

- CC paid off
- Investing, finally (and rather aggressively)
- I live like a bum, so rent is cheap
- Should be fully qualified (after 10 long years) soon. Salary skyrockets and demand for me increases exponentially.

Cons:

- I have serious FOMO, so I spend a lot on liver damage
- I'm also single, it's expensive
- Still paying off my car, there's R4k down
- I hate everything about the work I do
- Life feels directionless, even though I can pretty much afford it.

So you going to qualify and you hate what you do and you have waited 10 years to qualify? Your extra money will make up for it I'm sure.

 

[HavocXphere]

So you going to qualify and you hate what you do and you have waited 10 years to qualify? Your extra money will make up for it I'm sure.

That particular career track is one of those go big or go home types. The people that abandon it halfway through crash & burn hard. So deciding to stick it out despite the dislike is a sensible and fairly common approach.

 

[cguy]

That particular career track is one of those go big or go home types. The people that abandon it halfway through crash & burn hard. So deciding to stick it out despite the dislike is a sensible and fairly common approach.

What career track is that? Acc Sci?

 

[HavocXphere]

Yes - though I imagine its the same for most of the degrees that have an equivalent to board exams / bar / whatever.

 

[sn3rd]

For those with multiple smaller credit accounts, consider a debt consolidation product. You can save quite a bit on service fees, etc.

 

[Hamster]

PROS:
Car paid off
Have no debt
Renting means I can pack up and go whenever I please
Having no debt means I can realistically dream about buying that motorcycle and eat too much

CONS:
Rent is WAY too expensive
I like where I stay but it is too far from work which includes travel in N1/M1
Don't own a house :/
RENT IS *** EXPENSIVE!

 

[sn3rd]

Pros:
- 3% linked interest rate on my car
- current bond on track for early settlement (reduction to 40% of original term)
- no short-term debt
- decent retirement savings; 15% of monthly gross
- 2 years worth of livings expenses with no lifestyle changes in a medium liquidity account
- small but growing investment portfolio

Cons:
- disgusting tax
- probably live a lot more extravagantly than I should
- work like a dog

 

[FuLL_MeT4L]

Pros:
- Reasonable dual income with wife
- Comfortable lifestyle, and living within means
- No children
- No debt
- Young

Cons:
- Credit card has still has a month or two till zeroed
- Saving less than 5% in RA
- No rainy day fund
- Renting (exorbitant CPT Southern Suburbs prices)
- I buy **** I don't really need

 

[cguy]

Pros:
- Own 4 properties (all paid in full by end of this year)
- Wife doesn't need to work
- Could retire today if I rented out the most expensive, and moved into one of the two cheaper ones
- No kids
- No car
- No debt apart from home loan
- Several years of living in liquid and illiquid investments (enough to pay off home loan, but I want the security)

Cons:
- Positive financial decisions (move to USA) means that we don't spend nearly as much time with our families as we would like
- Home loan
- Support a few people (I'm happy to do this, but it is a financial con)
- Taxes, social security, Medicare, ...

 

[Brontosaurus]

What career track is that? Acc Sci?

Yeah. Only have board 2 to go. Articles are long done.

And just FYI, I'm not in audits anymore. Actually considering heading back believe it or not.