I hate having this dilemma...

Well, most of you know that I've been bikeless for over 1 1/2 years now, but now I have a REAL dilemma on my hands. I'm currently in debt about 14K, but it's not all what I would consider "bad" debt. 4K of it is a 0% subsidy loan that I have 3 years before it has to be paid, 4K of it is at 6% int, which isn't too bad, 3K is about 11% and the other 3K is at 13%, both of which I consider "bad debt". Here's my problem: I currently have 8K that JUST came in from tax refunds, work bonus, and the sale of a stock that had dipped low enough to hit my trailing stop and sell. I have four choices of what to do with that 8K: 1. Pay off the "bad debt" and part of the 6% debt and have nothing left over. 2. Use the 8K as a down payment on a house, but keep the debt. 3. Pay off the bad debt and put the remainder into my retirement account. 4. Say hell with it all and buy a bike with the 8K. So, what do my friends on TWF think I should do?

Well, most of you know that I've been bikeless for over 1 1/2 years now, but now I have a REAL dilemma on my hands. I'm currently in debt about 14K, but it's not all what I would consider "bad" debt. 4K of it is a 0% subsidy loan that I have 3 years before it has to be paid, 4K of it is at 6% int, which isn't too bad, 3K is about 11% and the other 3K is at 13%, both of which I consider "bad debt". Here's my problem: I currently have 8K that JUST came in from tax refunds, work bonus, and the sale of a stock that had dipped low enough to hit my trailing stop and sell. I have four choices of what to do with that 8K: 1. Pay off the "bad debt" and part of the 6% debt and have nothing left over. 2. Use the 8K as a down payment on a house, but keep the debt. 3. Pay off the bad debt and put the remainder into my retirement account. 4. Say hell with it all and buy a bike with the 8K. So, what do my friends on TWF think I should do? so are we talking about friends or economic advisors??? as a friend hell with it get your bike mang....:dthumb: as economic advisors bay off your bad debt and save the rest. :dthumb:

:idk: I would lean towards paying off the debt, but a bike is a hard thing to not have...:idk:

you could very well get a bike for 4 or 5k and use the remainder to pay some debt off.

Pay off the bad debt and put the rest in a bank account by itself and keep adding to it each month/week until u can afford ur bike. Or just put the rest as a down payment for a new bike but that will put u into more debt.:idk:

I'd pay off the "bad debt" and put the 2k left over asside for a bike or as a down payment on a bike (my bike is financed at 6.2) but definatly pay off the bad debt... but I think you need to reward yourself a little too... :2cents:

Pay off the bad debt and put the rest in a bank account by itself and keep adding to it each month/week until u can afford ur bike. Or just put the rest as a down payment for a new bike but that will put u into more debt.:idk: I'd pay off the "bad debt" and put the 2k left over asside for a bike or as a down payment on a bike (my bike is financed at 6.2) but definatly pay off the bad debt... but I think you need to reward yourself a little too... :2cents: :iagree: with these guys they seem to be on the right track.

I'd use the entire 8K to pay off debts. It'll take a little longer to get a bike, but you've been without one for a year and a half. A few more months won't kill ya. I'm in the debt boat too except my debt is around 105,000 dollars. Payoff the debt man. You'll feel so much better. Not only that, but with those payment's gone, you can set aside more money to save up for a bike. That's just me though. Oh, and when you do get a bike, pay cash. I financed mine. Never again. I just paid my truck off. I signed for the truck OTD for 15,800. With interest, I ended up shelling out over 23,000 bucks for the truck. Doesn't really seem logical to pay an extra 8K just to satisfy the 'I need it now' craving.

go for the bike. i mean, when are you gonna get another chance like this?! at least the bike will be paid for. so it's not like you lost anything. you'll still be in the same position as before, except you'll have a bike. :dthumb:

go for the bike. i mean, when are you gonna get another chance like this?! at least the bike will be paid for. so it's not like you lost anything. you'll still be in the same position as before, except you'll have a bike. :dthumb: :iagree:

It's definitely a tough decision, but if I know me, I'll payoff the bad debt and keep renting for a little while till I can save up and buy a house and bike. Have a feeling the bike will come before the house, though. :leaving:

It's definitely a tough decision, but if I know me, I'll payoff the bad debt and keep renting for a little while till I can save up and buy a house and bike. Have a feeling the bike will come before the house, though. :leaving: :dthumb: :iagree:

yeah i would pay your debt off first. the average american is 80,000 dollars in debt so dont keep going in debt. otherwise you will never get out. there is plenty of time for a bike but take that money and get rid of that debt.

I currently have about $9,000 in debt. I saved up 20,000 bucks and I used it to buy my GSX-R750 K6 and I still have that debt. I have a roof over my head, car in the driveway, the bike on my porch, and money in my pocket. Life can be good. While we in this world we will forever be in debt so we might as well treat ourselves from time to time.

I currently have about $9,000 in debt. I saved up 20,000 bucks and I used it to buy my GSX-R750 K6 and I still have that debt. I have a roof over my head, car in the driveway, the bike on my porch, and money in my pocket. Life can be good. While we in this world we will forever be in debt so we might as well treat ourselves from time to time. but why not pay off that 9k debt... you'd still have 11K to buy the bike and have money left over for gear and what not...? or are you trying to build your credit? cause if that's the case your going about it the right way:dthumb:

but why not pay off that 9k debt... you'd still have 11K to buy the bike and have money left over for gear and what not...? or are you trying to build your credit? cause if that's the case your going about it the right way:dthumb: Because most of my debt will be gone after like a year. It should fall off my credit report. When I was younger I got caught up with credit cards in College and didn't have a job. When I tried to pay it off it seemed like I was going no where. I"m sure I paid those cards off if it weren't for the interest and fees so I don't feel guilty. So I just eventually said screw them. Now I have a high paying job and could pay it off easily, but it just wouldn't make any sense if the debts are about to come off my credit.

Because most of my debt will be gone after like a year. It should fall off my credit report. When I was younger I got caught up with credit cards in College and didn't have a job. When I tried to pay it off it seemed like I was going no where. I"m sure I paid those cards off if it weren't for the interest and fees so I don't feel guilty. So I just eventually said screw them. Now I have a high paying job and could pay it off easily, but it just wouldn't make any sense if the debts are about to come off my credit. how are they going to come off your credit if you haven't paid them off?:scratch:

how are they going to come off your credit if you haven't paid them off?:scratch: most companies don't go back more than 7 or 9 years because the debt is so old. As the debts are sold from collection agency to collection agency I just challenge an old bill. 8 out of 10 times these collection agencies can't find the original paperwork that comes with the debt and it is taken off my credit.

most companies don't go back more than 7 or 9 years because the debt is so old. As the debts are sold from collection agency to collection agency I just challenge an old bill. 8 out of 10 times these collection agencies can't find the original paperwork that comes with the debt and it is taken off my credit. :skep:

:skep: He's actually right. A collection will fall off your credit report within about 7 years. But I've always been of the mindset that, "I ran it up, I'm responsible for paying it off, including all interest, etc." I'm not a fan of not paying a debt. Even if it takes me forever, I'll pay the debt because I was the one that ran it up, regardless of circumstances.

:skep: :iagree: He's actually right. A collection will fall off your credit report within about 7 years. But I've always been of the mindset that, "I ran it up, I'm responsible for paying it off, including all interest, etc." I'm not a fan of not paying a debt. Even if it takes me forever, I'll pay the debt because I was the one that ran it up, regardless of circumstances. :iagree:

Speaking as someone with horrible spending habits, I would say pay off that debt and get yourself some of that new fangled debt. It's got 10 extra horsepower for '07. Seriously though, as fun as it is to splurge and get what ya want right now, its not fun owing Mr. Bank everything. Now...if i could only practice what I preach...

Speaking as someone with horrible spending habits, I would say pay off that debt and get yourself some of that new fangled debt. It's got 10 extra horsepower for '07. Seriously though, as fun as it is to splurge and get what ya want right now, its not fun owing Mr. Bank everything. Now...if i could only practice what I preach... Yeah, I know what I SHOULD do, but also know what I WANT to do. I'm sure I'll pay off the bad debt, at least. Probably put the rest in my Roth IRA account because I should be able to earn better than 6% on it if I invest correctly. I'll most likely get the 6% debt paid before I decide to buy a bike, as much as I hate to wait that long. But the 0% interest loan...well, that will be paid off as slow as absolutely possible.

I don't have any debt, but I do have investments, putting them up as collateral on a loan there this week if they'll give it to me.

Also, don't be too lax with that 0%-er. If you put it off long enough they'll nab ya after the three years with like 9 billion percent.

Also, don't be too lax with that 0%-er. If you put it off long enough they'll nab ya after the three years with like 9 billion percent. Well, this one must be paid off in 3 years and I have to make regular payments. It's a subsidy loan from when I tried to be an insurance agent, which is the reason for all of the debt that I currently have. When I said, "as long as possible," I meant, "for as long as it's still 0%". I'll pay it within the 3 year period, but not paying it off early.

He's actually right. A collection will fall off your credit report within about 7 years. But I've always been of the mindset that, "I ran it up, I'm responsible for paying it off, including all interest, etc." I'm not a fan of not paying a debt. Even if it takes me forever, I'll pay the debt because I was the one that ran it up, regardless of circumstances. no I know he's right... i just don't agree with it... doesn't matter if you Agree with the intrest rate or what not of the loan... if you used it... you should pay it as you stated above!:dthumb: I was using the :skep: to show me biting my tongue. :dthumb: reps to ya!

#1 is my final answer!

#1 is my final answer! Wait, what does peeing have do with anything? :flush: (Sorry, had to)

most companies don't go back more than 7 or 9 years because the debt is so old. As the debts are sold from collection agency to collection agency I just challenge an old bill. 8 out of 10 times these collection agencies can't find the original paperwork that comes with the debt and it is taken off my credit. I have a similar situation going, CC companies are crazy to give out so much money to people. I dont feel bad for schticking the credit card companies because they dont feel its wrong to schtick millions of people with mountains of debt and generally make thier quality of life worse. credit card companies are like drug dealers, they give you something for practically nothing and by the time you're in too deep they have you hook line and sinker. Unsecured loans, the only thing they can really do is make an imaginary number you dont really need get smaller. work the system, thats my motto.

so are we talking about friends or economic advisors??? as a friend hell with it get your bike mang....:dthumb: as economic advisors bay off your bad debt and save the rest. :dthumb: I have a hard time disagreeing with any part of this statement. go for the bike. i mean, when are you gonna get another chance like this?! at least the bike will be paid for. so it's not like you lost anything. you'll still be in the same position as before, except you'll have a bike. :dthumb: Yet...this statement rings true in so many ways. Now my view is this: It's only money. Spend it. You can make more later. BTW...this statement is totally 100% unacceptable to my wife. :leaving:

I have a similar situation going, CC companies are crazy to give out so much money to people. I dont feel bad for schticking the credit card companies because they dont feel its wrong to schtick millions of people with mountains of debt and generally make thier quality of life worse. credit card companies are like drug dealers, they give you something for practically nothing and by the time you're in too deep they have you hook line and sinker. Unsecured loans, the only thing they can really do is make an imaginary number you dont really need get smaller. work the system, thats my motto. I disagree.... if you don't like the credit card companies methods... don't use them... you have a choice... same with the other Millions who are schticked... I think people need to be more responsible for their actions... and consider the consequences when applying for that card or loan:2cents:

well when i accumulated the debt i was not as well versed in the financial world as I am today. i was duped into "zero apr for 6 months" with a couple banks and after that i had some real bad times and made some bad choices with my spending. For a while i just neglected the debt and said to hell with them, they arent going to come and get me. then i got involved with a debt relief non profit org and they negotiated most of my debt away. I still paid about what i spent, but F*ck that interest, thats lunacy. Theres no way an 18 year old should have a credit card. strangly i got a job working at one of the banks i had owed money too shortly after i negotiated one of my cards away, strange how things work.

well when i accumulated the debt i was not as well versed in the financial world as I am today. i was duped into "zero apr for 6 months" with a couple banks and after that i had some real bad times and made some bad choices with my spending. For a while i just neglected the debt and said to hell with them, they arent going to come and get me. then i got involved with a debt relief non profit org and they negotiated most of my debt away. I still paid about what i spent, but F*ck that interest, thats lunacy. Theres no way an 18 year old should have a credit card. strangly i got a job working at one of the banks i had owed money too shortly after i negotiated one of my cards away, strange how things work. your first statement is exactly why I agree with your second one (the ones in bold) but the thing is... at 18 your an adult... you SHOULD research that sort of thing before getting into it... unfortuantly it doesn't happen that way very often just so you know... I was exactly like you... got a card when I was 18... ran it up to the max... then threw away the bills... till my $500 credit limit had a bill of $3g's! I ended up paying $1500 to close it out...

go for the bike. i mean, when are you gonna get another chance like this?! at least the bike will be paid for. so it's not like you lost anything. you'll still be in the same position as before, except you'll have a bike. :dthumb: Actually, the bike wouldn't really be paid for. If I can pay off 10 and 13% debt OR buy a bike with the money, then I'm essentially financing the bike for between 10 and 13%. I guess my other choice would be to pay off the debt and request the companies immediately report it to the credit bureau, then I could go find a 2 or 3% two-year loan when the manufacturers offer those deals again. Right now, the best deal is 7 or 8%, which sucks. I have a similar situation going, CC companies are crazy to give out so much money to people. I dont feel bad for schticking the credit card companies because they dont feel its wrong to schtick millions of people with mountains of debt and generally make thier quality of life worse. credit card companies are like drug dealers, they give you something for practically nothing and by the time you're in too deep they have you hook line and sinker. Unsecured loans, the only thing they can really do is make an imaginary number you dont really need get smaller. work the system, thats my motto. I got in the same situation when I was in college (the first time around) and my first year or two in the military. But I cut costs where I could and got myself out of that, so you can too. I also got myself in debt when I left the military and was making less than before I got out, but kept spending the same money. I got out of that and had a good chunk of change saved up. Then tried to get into my own business as an insurance agent and went from having almost 10K saved to having 15+K in debt. And you know what? I'll get out of this debt, too. The key is seeing the problem before you get too deep and taking action to stop it. I don't think people can blame their debt on the credit card companies any more than people can blame their obesity on junk food companies. People need to learn to control their own actions and fix their own problems instead of expecting someone else to watch over them and "not take advantage of them."

I don't think people can blame their debt on the credit card companies any more than people can blame their obesity on junk food companies. People need to learn to control their own actions and fix their own problems instead of expecting someone else to watch over them and "not take advantage of them." :withstupi

Actually, the bike wouldn't really be paid for. If I can pay off 10 and 13% debt OR buy a bike with the money, then I'm essentially financing the bike for between 10 and 13%. I guess my other choice would be to pay off the debt and request the companies immediately report it to the credit bureau, then I could go find a 2 or 3% two-year loan when the manufacturers offer those deals again. Right now, the best deal is 7 or 8%, which sucks. I got in the same situation when I was in college (the first time around) and my first year or two in the military. But I cut costs where I could and got myself out of that, so you can too. I also got myself in debt when I left the military and was making less than before I got out, but kept spending the same money. I got out of that and had a good chunk of change saved up. Then tried to get into my own business as an insurance agent and went from having almost 10K saved to having 15+K in debt. And you know what? I'll get out of this debt, too. The key is seeing the problem before you get too deep and taking action to stop it. I don't think people can blame their debt on the credit card companies any more than people can blame their obesity on junk food companies. People need to learn to control their own actions and fix their own problems instead of expecting someone else to watch over them and "not take advantage of them." Thats the key, but unfortunatly there is a vast majority that continues to just blindly make minimum payments every month and get more and more in the red. I paid most of my debt off and after working for a while made some wise investments. a year later i own (own, mine, paid off) 2 and a half acres and a small house in 3 seperate lots. when i sell all of this and get back to school i wont need more loans for that and by the time i graduate my credit score start climbing again. Like i've said before, i've worked for a bank and i know how things go. We would literally get trained on HOW to convince people to sign up for more credit cards. People know junk food is not healthy, not so many people know that credit card debt is such a sticky trap.

We would literally get trained on HOW to convince people to sign up for more credit cards. People know junk food is not healthy, not so many people know that credit card debt is such a sticky trap. A fool and his money are easily parted. Businesses know this and yes, they take advantage of the fools. I'm glad to hear that you took care of your debt and are being smart about it now. And while there may be people who don't understand how bad credit card debt is, many of them DO know, but simply don't care.

spend 4K on a used bike.... once you have the bike you will find yourself saving on gas for transportation to and from work and find yourself riding more and spending less on "going out" since you will be too busy riding.... take the other 4k and pay off some of your bad debt... remember if you find a good deal on a bike you can always sell it again if you get behind or in a pinch and usually you can get what you paid for it back..... BUY THE BIKE BUY THE BIKE BUY THE BIKE BUY THE BIKE BUY THE BIKE BUY THE BIKE BUY THE BIKE BUY THE BIKE BUY THE BIKE BUY THE BIKE BUY THE BIKE BUY THE BIKE BUY THE BIKE BUY THE BIKE BUY THE BIKE BUY THE BIKE BUY THE BIKE BUY THE BIKE BUY THE BIKE BUY THE BIKE BUY THE BIKE BUY THE BIKE BUY THE BIKE BUY THE BIKE BUY THE BIKE BUY THE BIKE BUY THE BIKE BUY THE BIKE BUY THE BIKE BUY THE BIKE BUY THE BIKE BUY THE BIKE BUY THE BIKE BUY THE BIKE BUY THE BIKE BUY THE BIKE BUY THE BIKE BUY THE BIKE BUY THE BIKE BUY THE BIKE BUY THE BIKE BUY THE BIKE BUY THE BIKE BUY THE BIKE BUY THE BIKE BUY THE BIKE BUY THE BIKE BUY THE BIKE BUY THE BIKE BUY THE BIKE BUY THE BIKE BUY THE BIKE BUY THE BIKE BUY THE BIKE BUY THE BIKE BUY THE BIKE

I get the feeling Tater wants you to buy a bike. :scratch: :idk:

I get the feeling Tater wants you to buy a bike. :scratch: :idk: i get the feeling he's more excited about it than capn, as well.

i get the feeling he's more excited about it than capn, as well. I concur.

$4500 http://indianapolis.craigslist.org/mcy/274667038.html http://d.im.craigslist.org/c0/lL/K6vRYsnJTreWDDvAhIx2MaWsHy4o.jpg ONLY $2900 http://indianapolis.craigslist.org/mcy/275695667.html http://b.im.craigslist.org/IH/so/aE16Eni6wzQTaILpflwbdsUL5HsF.jpg HERE'S ONE IN YOUR BACK YARD.... http://indianapolis.craigslist.org/mcy/285158564.html IN WESTFIELD

$4500 http://indianapolis.craigslist.org/mcy/274667038.html http://d.im.craigslist.org/c0/lL/K6vRYsnJTreWDDvAhIx2MaWsHy4o.jpg ONLY $2900 http://indianapolis.craigslist.org/mcy/275695667.html http://b.im.craigslist.org/IH/so/aE16Eni6wzQTaILpflwbdsUL5HsF.jpg HERE'S ONE IN YOUR BACK YARD.... http://indianapolis.craigslist.org/mcy/285158564.html IN WESTFIELD Cap'n will denounce those. He's Yami guy.

Pay the debt. Your savings in interest will reward you with better financial ability in less than the 3 years you have to pay it off. Pay the debt. If your comfortable about getting a similar tax return next year there is your bike. 1 year is along time to be bikeless but having a nice bike paid for is a good thing too. I hear you all about the credit card thing but sometimes it isn't the spending habits as much as it is life that gets you into trouble. I had 2 professional incomes and had my finances well in check, but after my divorce I got all the debt and one professional income. Instantly I was stuck on the minimum payment and a 65% debt to income ratio (recommended is 36% total monthly debt payments to gross monthly income). Fast forward 5 years and one child birth with no medical insurance (C section $13500) and I have serious debt problems with no hope for repayment. My only options are file bankruptcy (which the thought of is repulsive to me) or sell my home and everything else I can to get my debt down to where I can manage and slowly rebuild/buy whenever my debt is paid down low enough to allow...:cursin:

So which way are you leaning?

Pay off the debt... I ******* hate debt. I don't even own a credit card except the one I have supplied to me for work. Cash, Cash, Cash is the way to go!!! :dthumb: Plus the less debt you have the easier it would make it to get a bike loan, which is debt, but at least it'll be lower interest then say credit card debt.

I won't tell you what to do with the cash. The debate on using the cash to buy a bike in full or do fincacing is something I know you can number crunch. The loan on a bike at best will be 6% most likely. Maybe less if you go for under 5yrs. So either pay off the high interest loan and get a bike payment or leave everything else and pay cash for the bike. Your call. But bottom line is this. In order to keep your sanity and make the daily struggle of life worth something to you. You need to reward yourself a bit. That's why I have a bike on top of my other debts! I need that to keep myself centered. I understand you have a kid and all but sometimes you just have to do something for yourself. Treat yourself. You'll be glad you did with in 1 mile of your first ride! Let us know bud what you come up with! :cheers:

I get the feeling Tater wants you to buy a bike. :scratch: :idk: yeah, so do I. Cap'n will denounce those. He's Yami guy. You know me well. I actually did consider tater's idea and have been looking on eBay at the '05 R6's that are out there. But, I know the financially responsible thing is to pay the debt first. As far as better gas mileage... I'm driving a 30 mpg car that uses 87 octane, while the bike would use high octane. I'd have to do the math, but I imagine I wouldn't save enough on usage due to the higher cost of the fuel. I hear you all about the credit card thing but sometimes it isn't the spending habits as much as it is life that gets you into trouble. I had 2 professional incomes and had my finances well in check, but after my divorce I got all the debt and one professional income. Instantly I was stuck on the minimum payment and a 65% debt to income ratio (recommended is 36% total monthly debt payments to gross monthly income). Fast forward 5 years and one child birth with no medical insurance (C section $13500) and I have serious debt problems with no hope for repayment. My only options are file bankruptcy (which the thought of is repulsive to me) or sell my home and everything else I can to get my debt down to where I can manage and slowly rebuild/buy whenever my debt is paid down low enough to allow...:cursin: I can understand this situation. Sometimes, things just happen to flip everything around on you, which is how I got in the boat I am in now. But in your situation, you agree that filing bankruptcy is repulsive, but you're looking at all of your options. You don't have the attitude of, "I don't care about debt, I'll just file bankruptcy." Some situations are out of our control and it becomes necessary, but you're looking at it logically. I know it would suck to sell your place and start over, but sometimes you gotta do what you gotta do. Can you live with the decision if you file, or would you feel better if you were able to work out a deal with your creditors to get interest rates reduced as long as you're making regular payments? Believe me, they'd much rather get LESS money, than NO money, so a lot of them will be willing to work with you and reduce interest rates as long as you show them you're not trying to stiff them. Gas Man, it would not be at all logical for me to pay cash for a bike and keep 10 and 13% debt, but you already know that. What happened to the days of 1.9% for two years on a bike? Now it's 7 and 8%. While that's better than 10, it's still higher than I like, so I'll just wait it out.

Strange thing when it comes to credit card companies is that they won't compromise with rate or minimum payment until you have demonstrated (I.E. been past due and paid enough overlimit and past due charges) a financial hardship. They would much rather push you into a bankruptcy than deal with you. They will take an up front arrangment $2500 now to forgive a $5-6000 debt, but they will still show the balance as a charged of collection on your bureau. And those collections do fall off your bureau after 7 years IF the finance company doesn't sell it to a 3rd party collector who can place it on the bureau from themselves for another 7 years and so on if they decide to sell the debt a 3rd or 4th time. Most people (especially those with very small collections that cost more in legal fees to pursue than they are worth) get it dropped after the 2nd time or so unless the collectors are smart enough to trace their employment for garnishment or find a way to attach a lien to any real property.

A fool and his money are easily parted. Businesses know this and yes, they take advantage of the fools. I'm glad to hear that you took care of your debt and are being smart about it now. And while there may be people who don't understand how bad credit card debt is, many of them DO know, but simply don't care. You notice back in high school they never taught kids the importance of credit. The'll say "No to drugs, but not No to credit cards" I guarantee if you just give any youngster a credit card with a contract in small print, he/she will use that card and mess up their credit. There needs to be more education about keeping your credit good while you are young.Now that I"m older I know the importance, but when I was 20 or 21 I wasn't concerned with it. The system is designed to keep people in debt. I used to work for Providan Credit card company and the fees and the bullcrap charges that were issued to our customer's were unbelievable. I've been in the meetings where the manager says that customer's that don't pay there bills on time are the cream of the crop for the business.

I will agree with you that we need to teach kids about finance in schools. I don't think anyone should be able to graduate without being able to balance a checkbook. Unfortunately, our school systems are getting easier and easier on kids, letting them get by with lower grades cause we don't want them to feel like failures. And, somehow, I'm not surprised you heard management say that crap. There are a lot of sharks out there, but there are still people who really don't care.

Being a "kid" @ 16, id say pay off everything u can first then take out one for a bike. I couldnt have gone 1.5 years without a bike holy crap! Or just say f it and buy a new gixxer thou, you only live once so spend it up! I owe my dad 8257 still on my r6 and i have about 1500 in it and gear. So ive been able to pay off like 2 grand and all that working on min wage and doing 55hrs a week in school.

Being a "kid" @ 16, id say pay off everything u can first then take out one for a bike. I couldnt have gone 1.5 years without a bike holy crap! Or just say f it and buy a new gixxer thou, you only live once so spend it up! I owe my dad 8257 still on my r6 and i have about 1500 in it and gear. So ive been able to pay off like 2 grand and all that working on min wage and doing 55hrs a week in school. Yeah, but you don't have to pay rent, utilities, child support, buy food, or all the other stuff that comes with adult-hood. ;)

Yeah, but you don't have to pay rent, utilities, child support, buy food, or all the other stuff that comes with adult-hood. ;) :zowned: buy the bike :mc3:

Ugh!!! This, and the weather, is killing me! http://indianapolis.craigslist.org/mcy/284526638.html

Ugh!!! This, and the weather, is killing me! http://indianapolis.craigslist.org/mcy/284526638.html cant help you with the bike, but as far as the weather, it gets a tad chilly after about 30 miles anyways :wink: now tomorrow in the 50's and close to 60, THEN is when you'll really be joansin for a ride.

Ugh!!! This, and the weather, is killing me! http://indianapolis.craigslist.org/mcy/284526638.html cant help you with the bike, but as far as the weather, it gets a tad chilly after about 30 miles anyways :wink: now tomorrow in the 50's and close to 60, THEN is when you'll really be joansin for a ride. :lol: :lol: :mc2: buy the bike:mc3: you know you want to ... its right there waiting on you:lol:

Yeah, but you don't have to pay rent, utilities, child support, buy food, or all the other stuff that comes with adult-hood. ;) Ain't that the damn TROOF! Ain't it great being a grown up? :lol: Ugh!!! This, and the weather, is killing me! http://indianapolis.craigslist.org/mcy/284526638.html That sucker looks good.

ok after riding all week end and having the chance to re-think about it...I say...get the freaking bike!!! http://i40.photobucket.com/albums/e211/wfugmu/th_DOIT.gif now for an important question....:scratch: http://i37.photobucket.com/albums/e95/Darcy_Mousy/th_animalcrackerso_0.gif

Yeah thats what i was saying i do not have to pay utilities or food or family/gf whatever. I do also deal with 5.57$/hr after taxes so it probally equalls out and i can only work like 20-25hrs a week. Rent is redictilous im living with mommy and daddy forever :lol: Trying to think and plan now for collage, get my r6 paid off to my dad, sell it get an 09' R1 Raven and get my 4 year in buisness or management cause im gonna make the big bucks.... pharmacutical sales!

Good luck with the plan. I'm not sure if it all equals out in the end or not, though. Child support alone is over $400/mo, rent is $1K (now you know why I want to get a roommate or buy a house), other utilities and insurance runs $600. If I don't work overtime, I bring home $2K per month. Add up my rent, child support, utilities and insurance costs (life, auto, etc.) and I'm already over the amount that I bring in. I haven't even bought gas or food yet. :yikes:

Yeah thats what i was saying i do not have to pay utilities or food or family/gf whatever. I do also deal with 5.57$/hr after taxes so it probally equalls out and i can only work like 20-25hrs a week. Rent is redictilous im living with mommy and daddy forever :lol: Trying to think and plan now for collage, get my r6 paid off to my dad, sell it get an 09' R1 Raven and get my 4 year in buisness or management cause im gonna make the big bucks.... pharmacutical sales! To do that Yamaha is going to have to start making the Raven again. :cheers:

Yeah thats what i was saying i do not have to pay utilities or food or family/gf whatever. I do also deal with 5.57$/hr after taxes so it probally equalls out and i can only work like 20-25hrs a week. Rent is redictilous im living with mommy and daddy forever :lol: Trying to think and plan now for collage, get my r6 paid off to my dad, sell it get an 09' R1 Raven and get my 4 year in buisness or management cause im gonna make the big bucks.... pharmacutical sales! Getting a 4 year in business is only the start. Then you have to work to earn an opportunity, work to get that opportunity, then work to make the most of that opportunity. 14 years after my Business managment degree and the kids living at home still have nicer vehicles/bikes than I do and more money to spend:cry:

Good luck with the plan. I'm not sure if it all equals out in the end or not, though. Child support alone is over $400/mo, rent is $1K (now you know why I want to get a roommate or buy a house), other utilities and insurance runs $600. If I don't work overtime, I bring home $2K per month. Add up my rent, child support, utilities and insurance costs (life, auto, etc.) and I'm already over the amount that I bring in. I haven't even bought gas or food yet. :yikes: You can buy food!?!:bash: I am there too. Factor in the debt from my divorce 4 years ago and the c section bills from my son 2 years ago and I have depleted everything. I really go in the hole about $200 each month and have no hope of getting anywhere in the next 5 or 6 years:flush: Maybe Stunt4life has an idea with that Pharmaceutical sales thing. Hope he learns how to spell it. I think I should look into a cash crop of my own!:whistle:

Yeah thats what i was saying i do not have to pay utilities or food or family/gf whatever. I do also deal with 5.57$/hr after taxes so it probally equalls out and i can only work like 20-25hrs a week. Rent is redictilous im living with mommy and daddy forever :lol: Trying to think and plan now for collage, get my r6 paid off to my dad, sell it get an 09' R1 Raven and get my 4 year in buisness or management cause im gonna make the big bucks.... pharmacutical sales! Not a good industry to be in right now. I have several neighbors that are in that industry and some are loosing their job. Besides why do you think they make big bucks? What do you call big bucks? 100K? Let me tell you 100K aint sh*t these days. :2cents:

Not a good industry to be in right now. I have several neighbors that are in that industry and some are loosing their job. Besides why do you think they make big bucks? What do you call big bucks? 100K? Let me tell you 100K aint sh*t these days. :2cents: ****... I'd take that extra 70-60k a year!

Well, most of you know that I've been bikeless for over 1 1/2 years now, but now I have a REAL dilemma on my hands. I'm currently in debt about 14K, but it's not all what I would consider "bad" debt. 4K of it is a 0% subsidy loan that I have 3 years before it has to be paid, 4K of it is at 6% int, which isn't too bad, 3K is about 11% and the other 3K is at 13%, both of which I consider "bad debt". Here's my problem: I currently have 8K that JUST came in from tax refunds, work bonus, and the sale of a stock that had dipped low enough to hit my trailing stop and sell. I have four choices of what to do with that 8K: 1. Pay off the "bad debt" and part of the 6% debt and have nothing left over. 2. Use the 8K as a down payment on a house, but keep the debt. 3. Pay off the bad debt and put the remainder into my retirement account. 4. Say hell with it all and buy a bike with the 8K. So, what do my friends on TWF think I should do? GET RID OF THAT BAD DEBT!!! I'd pay off the "bad debt" and put the 2k left over asside for a bike or as a down payment on a bike (my bike is financed at 6.2) but definatly pay off the bad debt... but I think you need to reward yourself a little too... :2cents: :iagree: Only I'd opt to buy a clean older bike for cheap just to be on two wheels... even if you end up with a 500 Ninja (I know where you can get one... :D)... You'll have a toy AND some piece of mind knowing that a huge chunk of your debt is gone... Plus, not having that debt payment over your head is like getting a raise... I disagree.... if you don't like the credit card companies methods... don't use them... you have a choice... same with the other Millions who are schticked... I think people need to be more responsible for their actions... and consider the consequences when applying for that card or loan:2cents: :withstupi Pay off the debt... I ******* hate debt. I don't even own a credit card except the one I have supplied to me for work. Cash, Cash, Cash is the way to go!!! :dthumb: Plus the less debt you have the easier it would make it to get a bike loan, which is debt, but at least it'll be lower interest then say credit card debt. My motto is, if I can't pay it off immediately, I don't need it... Obvious exceptions would be bike, car, home, and other big ticket items... ****... I'd take that extra 70-60k a year! I ran out of 'agreement' smilies... so 'No Chit!':dthumb:

Not a good industry to be in right now. I have several neighbors that are in that industry and some are loosing their job. Besides why do you think they make big bucks? What do you call big bucks? 100K? Let me tell you 100K aint sh*t these days. :2cents: I make the 50k **** 50k more is like to me imo living like royalty. my house(my lady passed away and house was paid and other property was paid.. got back 450k but lost the best person in my life...:cry: ..:sorry: , my property, my truck and bike's...my life style is very simple...and slow. I like to take it easy...really don't need another 50k but I would not complain.so 100k is not sh*t is good..it's all about the life style one chooses.

Oh... Cap'n... I forgot to add... You can also bite the bullet and get a 2nd job... Work part time for $8/hr for a few months... Yeah it will suck, but it could get you out of debt and on two wheels much faster...

Oh... Cap'n... I forgot to add... You can also bite the bullet and get a 2nd job... Work part time for $8/hr for a few months... Yeah it will suck, but it could get you out of debt and on two wheels much faster... :iagree: 100%...I used to work 2 jobs..well I still do but is just monthly stuff..lol...when I go and get the rent from the renters..lol..it's a nice job...lol..but yeah man 2nd job is a good idea..check it out man...

I make the 50k **** 50k more is like to me imo living like royalty. my house(my lady passed away and house was paid and other property was paid.. got back 450k but lost the best person in my life...:cry: ..:sorry: , my property, my truck and bike's...my life style is very simple...and slow. I like to take it easy...really don't need another 50k but I would not complain.so 100k is not sh*t is good..it's all about the life style one chooses. Try to support a family of 4 on 100K is doest go very far. Now granted my wife doesnt HAVE to work, I have a nice house and ok cars. but at the end of the day there isnt much left.

Try to support a family of 4 on 100K is doest go very far. Now granted my wife doesnt HAVE to work, I have a nice house and ok cars. but at the end of the day there isnt much left. I think you are lucky man 4 kids and mommy for the kids still living well... I ennnnnv-u...that's why I said the life style you choose...but WOW that's the American Dream to me...wife, kids and lifestyle of what we choose..:cheers: much left....you have 4 kids and a wife all that left and you're life with them...seems to me that you have much more left..:cheers:

I think you are lucky man 4 kids and mommy for the kids still living well... I ennnnnv-u...that's why I said the life style you choose...but WOW that's the American Dream to me...wife, kids and lifestyle of what we choose..:cheers: much left....you have 4 kids and a wife all that left and you're life with them...seems to me that you have much more left..:cheers: I said family of 4 that me, my wife and 2 kids.

I said family of 4 that me, my wife and 2 kids. oOOoh ok...

So Capt... the decision is????

So Capt... the decision is???? A couple ounces of blow, a gallon of Tequila, a few quality hookers... and directions to your house?

I make the 50k **** 50k more is like to me imo living like royalty. my house(my lady passed away and house was paid and other property was paid.. got back 450k but lost the best person in my life...:cry: ..:sorry: , my property, my truck and bike's...my life style is very simple...and slow. I like to take it easy...really don't need another 50k but I would not complain.so 100k is not sh*t is good..it's all about the life style one chooses. :iagree: rept...:dthumb:

So Capt... the decision is???? :tt: were waiting :yaewn:

Oh... Cap'n... I forgot to add... You can also bite the bullet and get a 2nd job... Work part time for $8/hr for a few months... Yeah it will suck, but it could get you out of debt and on two wheels much faster... Well, right now OT is available so I'm doing that at $24.5/hr. The job slows down in the summer so OT won't quite be available, which means I'll most likely have to get a second job, which will suck because I'll have to work 3 times as much just to make the amount I'm bringing in from OT. So Capt... the decision is???? Well, I doubt I'll be buying the bike this year. I was certainly dreaming, but realized it before I pulled the trigger on a purchase. I think it's more important to pay off the bad debt and keep a little extra in savings account in case things get too tight in the summer. Sure, it might be stupid to be paying 6% on debt and only earning 5% on savings, but I'd hate to get stuck not being able to pay my normal monthly bills.

Well, right now OT is available so I'm doing that at $24.5/hr. The job slows down in the summer so OT won't quite be available, which means I'll most likely have to get a second job, which will suck because I'll have to work 3 times as much just to make the amount I'm bringing in from OT. Well, I doubt I'll be buying the bike this year. I was certainly dreaming, but realized it before I pulled the trigger on a purchase. I think it's more important to pay off the bad debt and keep a little extra in savings account in case things get too tight in the summer. Sure, it might be stupid to be paying 6% on debt and only earning 5% on savings, but I'd hate to get stuck not being able to pay my normal monthly bills. :hug: no worries, so long as you dont plan on going anywhere.

Find a roomate that rides and with the savings on rent you will most certainly be able to afford the bike.... even if the roomate isn't someone you plan to hang out with, having two riders in the house guarantees that you won't have to be hanging around the house a lot... one of you will most likeley be out riding when you have free time..

Sounds like a plan Capt!

It all depends on what interest rate you could get a bike for. If you could get 8% or less, I say go for the bike and put 2K down. Use the remaining 6K to pay off the 11 and 13% loans. Rent a house. That way you don't have to worry about sh*t breaking. The owner will.

Lol dlit thats funy i dunno why. What bike you getting? gixxer thou? The one?

Lol dlit thats funy i dunno why. What bike you getting? gixxer thou? The one? He's leaning towards a '05+ R6.

2 words... 50th anny :cheers:

2 words... 50th anny :cheers: One word. Raven

I decided with in 5 min at the dealer between the raven and the $400 more anny. both were in the back in boxes. I dunno i love the raven but nobodys got the anny in comparo to any bike out there.

I decided with in 5 min at the dealer between the raven and the $400 more anny. both were in the back in boxes. I dunno i love the raven but nobodys got the anny in comparo to any bike out there. In Vegas, there's a balanced mix between the two. The anny is sick too. They just didn't have one at the dealer.

THe anny kinda looks like a show bike and one would think in vegas there would be more of the "over the top" kinda things. If i dont go nuts on this r6 with all the parts and such my next bike will be raven probally 09 r1.

It seems their steering away from the Raven. They have that new charcoal color now.

It seems their steering away from the Raven. They have that new charcoal color now. The 07 FZ1 comes in Raven. But the charcoal R1 still looks bad ass.

Im checking out the website now and doing the 360 view the charcol looks like crap compared to the raven. Nothing will look more bad assed than the raven. Hoever its nice enough to own lol.