Quote:
Originally Posted by noclue
Thanks for sharing.
You need to either cut cost or make more money or both.
1. We're all car enthusiasts and hurts to say it but you need to sell your CTR like yesterday and get an appliance car. Don't tank your credit score for an expensive hobby.
2. I don't know your education/skillset or what the circumstances were that you had to shut down your businesses but you cant survive on 60K with your responsibilities.
3. Might have to explore selling the house if it appreciated in value. Like Hondaracer said, your parents can qualify for a co-op or a low income housing and it'll set you free financially to focus on yourself.
4. Move to Alberta... depends on the individual's skillset/desires. The job market there is hit or miss.
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I thought the mortgage was at a crazy low interest rate?
Probably doesn't make sense to move if you're in at 800k at like 1.3%
The car purchased in 2021 is probably also a lower interest rate (3%?).
Again, you could sell it but unless you buy a total beater it doesn't rly make sense.
The best new car deal I can find rn is ~500/mo taxes in on a Equinox EV.
Not much cost to cut here other than selling the FK8 and driving the Civic but need to boost income/earnings.
Bro sending money back (depending on timeline) can help with the short term pain.
Once there's a bit of room to breathe, I do see a longer term horizon change that starts with physical/mental health + finding more positive male and career leadership.