Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Where is that link???
Old 08-11-2006, 04:53 PM   #1
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: May 2005
Posts: 13,251
Where is that link???

OK, I have someone at work who want to continue to spend... but, I can see a bit of hope if he gets some education...

I have seen a numbe of times someone post a link showing a scale of where someone should be at various ages with savings level, debt levels etc... can someone find it for me?? I have looked a lot and can not find...

Thanks..
__________________

__________________
Texas Proud 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 Early-Retirement.org 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!

Re: Where is that link???
Old 08-11-2006, 05:23 PM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jun 2005
Posts: 8,615
Re: Where is that link???

Original article on Personal Finance Ratios by Charles J. Farrell:

http://www.fpanet.org/journal/articl...p0106-art6.cfm
__________________

__________________
LOL! is offline   Reply With Quote
Re: Where is that link???
Old 08-11-2006, 11:09 PM   #3
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: May 2005
Posts: 13,251
Re: Where is that link???

THANKS.... exactly what I was looking for... I hope it will help the guy...
__________________
Texas Proud is offline   Reply With Quote
Re: Where is that link???
Old 08-13-2006, 09:56 AM   #4
Thinks s/he gets paid by the post
 
Join Date: Mar 2006
Location: Houston
Posts: 2,155
Re: Where is that link???

Quote:
Originally Posted by LOL!
Original article on Personal Finance Ratios by Charles J. Farrell:

http://www.fpanet.org/journal/articl...p0106-art6.cfm
Do you feel that table 1 is realistic?* Especially about the Debt Ratio for 30 and 35 year old?* With the exception of a few low housing cost cities (Houston, for example), how can a 30 year old purchase a house and still maintain 1.70 debt ratio

A 4.0 ratio would be more likely in this housing market.
__________________
Sam is offline   Reply With Quote
Re: Where is that link???
Old 08-13-2006, 10:13 AM   #5
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: May 2005
Posts: 13,251
Re: Where is that link???

Sam,

Interesting question... but, the guy I want it for IS in Houston....

But, I will answer your question.... YES, it is realistic. Going into a 4X debt because of a housing bubble is like saying the whole stock market should change its PE because we are in a 'new economy'... look what that did back in 2000...

These ratios are are a guideline, but they come from a good basis for future well being..
__________________
Texas Proud is offline   Reply With Quote
Re: Where is that link???
Old 08-13-2006, 10:46 AM   #6
Thinks s/he gets paid by the post
 
Join Date: Mar 2006
Location: Houston
Posts: 2,155
Re: Where is that link???

Quote:
Originally Posted by Texas Proud
But, I will answer your question.... YES, it is realistic.* Going into a 4X debt because of a housing bubble is like saying the whole stock market should change its PE because we are in a 'new economy'... look what that did back in 2000...
TexasProud,

I personally would never get into a 4x ratio for a house.* But that's because I have a choice.

What would you do if you're 30 to 35 years old, making 50 to 75K a year, and living in Boston, Orange County, West Palm Beach, etc...?

I personally would move if possible, but it's not always possible (family, job).* Now what?
__________________
Sam is offline   Reply With Quote
Re: Where is that link???
Old 08-13-2006, 03:35 PM   #7
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: May 2005
Posts: 13,251
Re: Where is that link???

Quote:
Originally Posted by Sam
TexasProud,

I personally would never get into a 4x ratio for a house.* But that's because I have a choice.

What would you do if you're 30 to 35 years old, making 50 to 75K a year, and living in Boston, Orange County, West Palm Beach, etc...?

I personally would move if possible, but it's not always possible (family, job).* Now what?
Rent... buy a small place... or like you said.. move

There also is the 'let's commute' mentality... I know people that worked in NY that lived way down in the state of NJ... some even in Penn.. or way out on Long Island so they could afford a house...
__________________

__________________
Texas Proud is offline   Reply With Quote
Reply


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
canal boat rental link dex Other topics 4 06-22-2013 08:40 PM
Mutual Fund Chart with Dividend reinvested. Link? Sam Other topics 8 03-09-2007 11:13 PM

 

 
All times are GMT -6. The time now is 03:47 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.