Liberal Forum

Cannonpointer » 10 Jul 2024, 6:42 pm » wrote: ↑

10 Jul 2024, 6:42 pm

Just so ya know, you have NEVER gamed the system. When you THOUGHT you were gaming the system, the system was gaming you. You were going where they put the cheese. 

The day I sorted that out, I almost **** myself.

No, actually, in terms of money usage, I gamed them, hands down...

if I pull my credit report, there are 15-20 unused credit cards listed...every one of them borrowed me money as a balance transfer... I had literally thousands in loans and never paid a dime in interest...

when interest rates were favorable (high) I would finance thru my 401k and pay myself the interest...1 point over prime..

while I did borrow for my house, I did refinance 4 times in 2 years without paying any points or upfront fees from 11 to 7% allowing me to accelerate my loan from 30 to 10 years with paying myself the interest the last 2 years via 401k...saving myself well north of 100k in bank interest...

if the interest rates are low and my investments make more, I'll use their monies and if interest rates are high, I'll use mine...
 
Everything here is definitely rocket science...