Previously
Nest Egg
He was reviewing his finances. He’d worked two years. Now he had six months of money.
If I get fired tomorrow and couldn’t collect unemployment. Six months of the lifestyle to which I’m accustomed. About half to rent. Car payment. 30% of it’s interest even though the loan is 6% interest. The car was 16 grand but I’ll end up paying 29 grand if I stay on schedule. How financing works.
What do I have, he thought. The car. Some guitars. What else. My bike got stolen by the citizen offspring of undocumented whatever you call them now. Rent sixteen grand a year, shit not bolted down always stolen instantly. Like a doughnut on the beach snatched by seagulls. A laptop. An Xbox One with a used copy of The Witcher 3, which replaced a wife or girlfriend. 20 grand cash. 8 grand in credit card debt that had been charged off by the bank for two years now. That he’d been paying down 1% and 1% and 1% to keep Bank of America– actually Banc of America, their credit card division, from suing him. Garnishing wages. After paying 8 grand I owe $13,000 on a $16,000 car. If I pay a grand a month I’m out in about a year. Then hack away at the charge card. Call your creditor, Suze Orman told him. Ask to negotiate up to 50% off by offering one lump sum. They said fuck off. Continue reading →
Tags: suze orman
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