<p>
[quote]
Who ever just said they are gonna get a viper and not put collision on it needs to rethink that......
[/quote]
That $250/month quote has collision insurance ($2500 deductible, but still).</p>
<p>
[quote]
If some idiot hits your car and totals it, with a viper, your out 45 grand.....
[/quote]
My understanding is that collision insurance covers repairs on your own vehicle if you're at fault. Usually, the other person's insurance will cover the collision damage to your vehicle, up to a certain dollar amount.</p>
<p>Comprehensive insurance is likely what you are thinking of. And yes, that quote includes that as well.</p>
<p>I'm talking zero deductable, full collision coverage, maximum comprehensive coverage. I don't think you can get that for less than $150/month.</p>
<p>And if you have a $2500 deductable, you better have that much or more cash in the bank to cover it in case you have an accident. Hopefully you won't but you never know. Hope for the best, prepare for the worst, enjoy life.</p>
<p>And I'm excluding 401k as savings because you can't tap into it in an emergency. Nor can you use it before you're 65 without incurring significant penalties, that will probably wipe out any tax savings and returns you made on that money. I'm talking cash savings that are sitting in, say, a high-yield savings account. Ideally, you want to have at least 8 months' savings in an "emergency" fund. But if you got credit card debt, pay that off first.</p>
<p>
[quote]
I'm talking zero deductable, full collision coverage, maximum comprehensive coverage. I don't think you can get that for less than $150/month.
[/quote]
Zero deductible on a Viper? You're crazy dude.</p>
<p>Even on my daily a $1000 deductible is fine for a car worth ~4K-5K.</p>
<p>
[quote]
And I'm excluding 401k as savings because you can't tap into it in an emergency.
[/quote]
Incorrect. You just pay a penalty (in addition to the taxes). And 401K is certainly considered savings. It's just not as liquid as other forms of savings.</p>
<p>
[quote]
Nor can you use it before you're 65 without incurring significant penalties, that will probably wipe out any tax savings and returns you made on that money.
[/quote]
Incorrect. You can withdraw at age 59. And no, a 10% penalty is just that, a 10% penalty. It's not small, it's not very large either.</p>
<p>
[quote]
I'm talking cash savings that are sitting in, say, a high-yield savings account.
[/quote]
Well, that's not what most people are talking about when they mention "savings".</p>
<p>
[quote]
Ideally, you want to have at least 8 months' savings in an "emergency" fund. But if you got credit card debt, pay that off first.
[/quote]
What is your point? That people can't save 20K in a year while making 55K?</p>
<p>My point is that the MAJORITY of people can't save that much liquid cash on 55k. If you include 401k in savings, yes you're right, you can. But I'm certainly not going to pay a penalty to tap into my own money (I'd say 10% to tap into your own assets is a lot of money...even CDs only charge like a 1-2% penalty for closing early), so I personally would write that off my balance sheets until 59 or 65 or whenever you can start withdrawing.</p>
<p>Honestly, unless you are close to retirement in which case you need finacial stability, I would argue that a CD is a terrible investment. Your better CDs are going to give you what 5 or 6% at best?</p>
<p>Im not saying they are the worst, I was just saying they are a terrible investment as compared with other places you could put your money. Atleast until you are approaching retirement.</p>
<p>this is exactly why liberal art’s degrees are useless…(covering some broad points)
besides a museum/art gallery, when would someone ever need these so-called liberal arts degree skills?
everyone and their dog seems to think with a poli sci degree they are getting into law school…what happens if you don’t get in…NO JOB. no one wants someone who has learned crap all for 4 years.
if i had a tax lawyer that was a poli sci graduate i would fire him/her…why? because someone who has knowledge from their undergrad in TAX should be my TAX LAWYER. just as as CORPORATE LAWYER should have an understanding of BUSINESS AND CORPORATIONS
the admission averages to get into programs such as engineering, business, math, even sciences are way higher than liberal arts degrees
anyone can write an essay…only certain people can understand numbers
who on earth is faucaut and what value can he add to my life?</p>
<p>I wouldn’t bothering responding to BusMaj. He’s a ■■■■■. Either that or doesn’t understand how life works. Apparently, he doesn’t think that tax law teaches things about tax… Just about law apparently; no… Obviously going to law school for tax law teaches you nothing about tax.</p>
<p>Just a heads up to you BusMaj:
I suggest you never go see another doctor ever again. Why? Because the most popular undergraduate degree for medical school (or one of the most popular at least) is music. So… Yeah. Since you’re so judgmental about undergrad degrees and seem to give no credit to graduate schools or anything outside of well… Your own world of business and bliss… You should avoid being sick/doctors since they majored in music and therefore, by your logic, must know NOTHING about medicine.</p>
<p>In general for law school any major works…show them a good gpa, lsat, recomendations and make sure you consult admission guides and you should get a decent one.</p>
<p>I definitely won’t try to say it is the most successful degree. However to say political science is completely useless and a failed attempt for a degree is a little much. You can’t stereotype all political science graduates. Some counter intel. agents make 6 figures and they do a good job tracking down international terrorists, all political sci. graduates. As a matter of fact if one is seeking a career in federal law enforcement such as special agents or within the intelligence community (i.e. CIA, NSA, DHS, DSS, DIA, etc.) then political science is the way to go. Especially with jobs greatly rising in Homeland Security these degrees are sought after and agencies pay very well.</p>