Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Old 01-20-2008, 04:39 AM   #21
Thinks s/he gets paid by the post
Join Date: Jul 2005
Posts: 4,933
anything you get a loan for and dont pay back is taxable income you owe the irs technically.

mathjak107 is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 01-20-2008, 06:28 AM   #22
Recycles dryer sheets
ikubak's Avatar
Join Date: Dec 2007
Posts: 332
Originally Posted by haha View Post
The reason you couldn't get him to understand this is that he wants to sell you some financing.

I've never met a dumb salesman who wasn't dumb for a good dollars and cents reason.



Retire date sometime in 2017
ikubak is online now   Reply With Quote
Old 01-20-2008, 07:02 AM   #23
Recycles dryer sheets
Join Date: Nov 2004
Posts: 117
Originally Posted by Twinkle Toes View Post
So, if you give the keys and RV back to the bank...and the bank sells the RV for what the market will bring...don't you still owe the bank the difference between what you owed at default (plus legal costs, sales cost, etc.) and what the bank was able to sell the RV for? And will the bank issue you a 1099 for the "difference" you still owed them if they have to write it off?
I suppose you could then buy another RV and go "on the lam". Besides, you can then start doing drugs for a hobby. Its a recreational vehical after all!
slepyhed is offline   Reply With Quote
Old 01-20-2008, 08:14 AM   #24
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
HFWR's Avatar
Join Date: May 2005
Location: Lawn chair in Texas
Posts: 12,554
Originally Posted by slepyhed View Post
I suppose you could then buy another RV and go "on the lam". Besides, you can then start doing drugs for a hobby. Its a recreational vehical after all!
C'mon get happy...
Attached Images
File Type: jpg bus2000.jpg (23.8 KB, 46 views)

Have Funds, Will Retire

...not doing anything of true substance...
HFWR is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Where to put the Cash? Culture FIRE and Money 21 09-18-2007 07:01 PM
Where to put cash if you don't trust the market.... HBH FIRE and Money 46 12-19-2006 05:07 PM
Poll: Where'd you put the cash from your real estate sale? wabmester FIRE and Money 19 04-23-2006 06:52 PM
Put some spending cash in CDs or in I bonds? Nords FIRE and Money 60 03-15-2005 04:37 AM
Where to put cash? billystu FIRE and Money 1 12-17-2004 05:40 AM


All times are GMT -6. The time now is 01:25 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.