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Author Topic: what does the FED RATE increase mean for you???  (Read 459 times)

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Offline hmgROCK

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what does the FED RATE increase mean for you???
« on: January 03, 2019, 06:58:52 AM »
i know they didn't teach us about money in school
and kinda of have to learn that by yourself or go to school for it


when the FED increase the interest rate
it get more expensive to borrow money
to buy cars, houses, etc....
for example: it use to be 3% but now it's 5%

since it get more expensive to borrow money
your regular saving/checking interest rate is also going increase
right now, as I type this,
you should be around the 2% interest rate in your saving/checking
if your bank is not offering that, than it's time to switch bank




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Offline hmgROCK

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Re: what does the FED RATE increase mean for you???
« Reply #1 on: January 03, 2019, 07:02:48 AM »
a question i get ask is

why is my interest rate so low/high

because when you put your money in the bank
it gets loan out to other people
so they can buy cars, house, start business, etc....
so you get some interest back
it will still show you have $10,000
but really, it's probably $5,000 at the bank
and the FED control the rate




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Offline theking

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Re: what does the FED RATE increase mean for you???
« Reply #2 on: January 03, 2019, 03:03:08 PM »
i know they didn't teach us about money in school
and kinda of have to learn that by yourself or go to school for it


when the FED increase the interest rate
it get more expensive to borrow money
to buy cars, houses, etc....
for example: it use to be 3% but now it's 5%

since it get more expensive to borrow money
your regular saving/checking interest rate is also going increase
right now, as I type this,
you should be around the 2% interest rate in your saving/checking
if your bank is not offering that, than it's time to switch bank


Why worry about "borrow money" and go through all that work when you can just win the lotto since you're "the hmong Nostradamus and is always right"...??  ???



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Offline hmgROCK

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Re: what does the FED RATE increase mean for you???
« Reply #3 on: January 04, 2019, 07:17:31 AM »
Why worry about "borrow money" and go through all that work when you can just win the lotto since you're "the hmong Nostradamus and is always right"...??  ???

errr....
why you gotta put word in my mouth
i did not say anything about predicting lottery number
that's all you

stop trolling already



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Offline theking

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Re: what does the FED RATE increase mean for you???
« Reply #4 on: January 04, 2019, 03:01:12 PM »
errr....
why you gotta put word in my mouth
i did not say anything about predicting lottery number
that's all you

stop trolling already

First it's "sports" only and now "put word in my mouth"...When you're "the hmong Nostradamus and is always right"..it comes with the territory unless, you're a FRAUD... ???



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Offline DuMa

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Re: what does the FED RATE increase mean for you???
« Reply #5 on: January 04, 2019, 04:24:59 PM »
No care about interest rate if you follow the hole in bucket theory.  Water leaking from bucket so you have to put water into the bucket to be optimal.  They charge you 2% more so you have to make that 2% by allowing the bank to take your money and lend it out and give you 2% while it collects 10%. 

Interest rate rises could mean a strong economy so who not want that? :2funny:



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Offline hmgROCK

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Re: what does the FED RATE increase mean for you???
« Reply #6 on: January 05, 2019, 07:24:46 AM »
First it's "sports" only and now "put word in my mouth"...When you're "the hmong Nostradamus and is always right"..it comes with the territory unless, you're a FRAUD... ???

that's all you, man
i play lottery for fun
you and your grudge against me
you say all of that by yourself

time to grow a pair



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Offline hmgROCK

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Re: what does the FED RATE increase mean for you???
« Reply #7 on: January 05, 2019, 07:27:20 AM »
No care about interest rate if you follow the hole in bucket theory.  Water leaking from bucket so you have to put water into the bucket to be optimal.  They charge you 2% more so you have to make that 2% by allowing the bank to take your money and lend it out and give you 2% while it collects 10%. 

Interest rate rises could mean a strong economy so who not want that? :2funny:

it makes borrowing money hard and expensive (interest on loan)
the economy isn't strong, when you still got like, i forgot the number
but something like 70-80% of people living paycheck to paycheck

wish i was i have $10,000 back in the 80s
i would lock in a 30 years treasure with a 15% rate
hahah, easy half a million right there


« Last Edit: January 05, 2019, 07:29:48 AM by hmgROCK »

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Offline theking

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Re: what does the FED RATE increase mean for you???
« Reply #8 on: January 07, 2019, 12:48:09 AM »
that's all you, man
i play lottery for fun
you and your grudge against me
you say all of that by yourself

time to grow a pair

NOPE, "that's all you, man"..since you're the one that claimed you're "the hmong Nostradamus and is always right"...No "grudge" but more like pondering why you would do all that when you're "the hmong Nostradamus and is always right"...And NOPE, you also tried use your "Nostradamus" claim for the "lottery" too...That last big Mega Million drawing was an EPIC FAIL on your part though...

If you want me to stop pondering, then "grow a pair" and own up to your mistake of claiming to be "the hmong Nostradamus and is always right" and admit that you're a fraud and will learn from your mistake of being a fake "Nostradamus" since you failed time and time again... ;D O0



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Offline Believe_N_Me

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Re: what does the FED RATE increase mean for you???
« Reply #9 on: May 31, 2019, 12:44:27 AM »
it makes borrowing money hard and expensive (interest on loan)
the economy isn't strong, when you still got like, i forgot the number
but something like 70-80% of people living paycheck to paycheck

wish i was i have $10,000 back in the 80s
i would lock in a 30 years treasure with a 15% rate
hahah, easy half a million right there

Yeah, too bad you're not old or tall enough to have ridden that ride.  :2funny:

That's why newbie, I say you don't know jack s.hit compared to those who have lived longer than you and has had time to earn more than you through investments.



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Offline theking

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Re: what does the FED RATE increase mean for you???
« Reply #10 on: May 31, 2019, 10:24:28 AM »
it makes borrowing money hard and expensive (interest on loan)
the economy isn't strong, when you still got like, i forgot the number
but something like 70-80% of people living paycheck to paycheck

wish i was i have $10,000 back in the 80s
i would lock in a 30 years treasure with a 15% rate
hahah, easy half a million right there

Yeah, too bad you're not old or tall enough to have ridden that ride.  :2funny:

That's why newbie, I say you don't know jack s.hit compared to those who have lived longer than you and has had time to earn more than you through investments.

LOVE IT!!! ;D ;D ;D



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