Oh definitely! Mum and I are hoping to do a Christmas market cruise in a couple of years and they’re one of the best itineraries I’ve found along with including the walking tours each day. If we can get one of the deals with airfare or 2 for 1 it’s pretty comparable to the other river cruise lines. We are definitely not rich but plan special trips using savings every 2-3 years.This. We'd give you a free trip, but it might cause you to see Jen in the wild.
I think the Viking clientele isn't all rich folks, but folks who've made money and it's just where they are in life, the money's not WHO they are.
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I wanted to let non-Americans know that there are often benefits to not paying off your mortgage in full. They bought that Alpharetta, GA house in 2015 for $475,000. It's now worth $900K. Anyways, with that purchase price and the historically low mortgage rates we had at the time, why pay it off. The rates were so low, you'd be foolish to pay off your mortgage. Keep a high mortgage and invest the difference. There are also tax benefits to keeping a mortgage because the federal gov't allows you to deduct the interest you pay on your mortgage. No mortgage, no income tax deductions.
I don't want to come across as a Jenn supporter at all, but just trying to show you why they would still have a mortgage. US mortgage rates have gone up substantially since then, so people's mileage on the above may now vary.
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I wanted to let non-Americans know that there are often benefits to not paying off your mortgage in full. They bought that Alpharetta, GA house in 2015 for $475,000. It's now worth $900K. Anyways, with that purchase price and the historically low mortgage rates we had at the time, why pay it off. The rates were so low, you'd be foolish to pay off your mortgage. Keep a high mortgage and invest the difference. There are also tax benefits to keeping a mortgage because the federal gov't allows you to deduct the interest you pay on your mortgage. No mortgage, no income tax deductions.
I don't want to come across as a Jenn supporter at all, but just trying to show you why they would still have a mortgage. US mortgage rates have gone up substantially since then, so people's mileage on the above may now vary.
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I guess I come from a family where my mum stayed home and my dad taught junior high and they paid their mortgage off ASAP here in Canada and I intend to do the same. We don’t get mortgage interest tax write offs and I’d guess that’s a risky feature to bank on unless you can lock in your mortgage rate for more than 10 years. The longest interest rate term here is 5 year fixed. That’s why so many people who bought with low variable rate mortgages are currently ducked. I just can’t wrap my head around keeping debt in the hopes that you get a tax write off for it and don’t owe as much on your taxes as a result.
UK pretty much same as above. The general advice is to have a buffer in savings to get you through a period of unemployment but having excessive savings whilst paying interest on loans isn’t advisable. You get taxed on interest made on savings over a certain threshold too.
The standard mortgage term in the US is 30 years. If you had a 30 year mortgage loan of 2% a few years ago, you'd be a fool to get rid of that. It's almost like free money.
We can have a 30 year term but your rate is only good for 1, 2, 3 or 5 years depending on what option you went for.
So in the US, whatever interest rate you “lock-in” at the start of your mortgage you have for the entire length of the mortgage? That’s madness.
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We get taxed on savings interest too. But we also have the option for tax free savings accounts for 5 year savings and retirement savings plans that you can redeem once 60 or 65. My meagre savings for a period of unemployment aren’t big enough to accrue enough interest to cause a large tax amount.
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Yes, but this contradicts so much where she has mentioned her kids and saying that they are trying to "build generational wealth." This sounds more like a midlife criss on both their parts.
Generational wealth… IMO that should mean helping your children finish school with as little debt as possible or helping them with a down payment for a home, making sure your affairs are in order so they’re not paying for a funeral when you pass, that you’re debt free, and then enjoy your life, you can’t take it with you. Go on trips, still have some savings to leave them, etc. But with the cost of long term care, you never know when you’ll need to access those funds. My dad was an active retired 69 year old when he had his stroke. If they hadn’t been in a position to move into an apt and sell their house using the proceeds of the sale to pay rent, he would have had to go to a care home costing thousands a month.
Fugly Gucci bags and used Porsches do nothing for generational wealth.
Fugly Gucci bags and used Porsches do nothing for generational wealth.
I've noticed this "generational wealth" term gaining traction more recently. It can go away. To the folks I've seen talk about it, it seems to mean just amassing so much money the kids will never have to work. If that's the case, push them to do something that's beneficial for society and/or the disadvantaged, not just chase even more money.
I don't see how her spending more and more is getting generational wealth. If anything its doing the opposite
It just seems so out of touch to the vast majority of people. The average teacher, nurse, office worker, tradesperson isn’t leaving their kids independently wealthy. You might have a comfortable life, be able to afford vacations and extra curricular activities, and possibly save for retirement but to make your kids wealthy?! Not a chance.
And as discussed before, she comes from a well to do family, because who else was buying a teen a Gucci bag in the late 80s? And she basically went from parents' home to marriage so she's never had to make ends meet on her own merit.
We’ve got our kids through college debt free and have the ability to provide a hefty down payment when the time comes for them to buy a property, they’re extremely lucky. They have to, and do, work hard on their careers, will have to pay down mortgages etc. Generational wealth is for Beyoncé and Jay z imo.
The delusion is real… entrepreneur
6 years and still less than 50k subscribers. This is Brogan Tate level of success.
It's so odd seeing a 50 + woman role playing as an 20 something influencer
People who humblebrag about how hard they work… not buying it. Not from her, not from anyone. Also, if you have time to write nonsense like that and put it out to the world you’re not that busy. Nobody gives a tit about how hard you claim to be working.
She has a 'team'?
Jesus her and Adam really are cut from the same cloth
Jesus her and Adam really are cut from the same cloth
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