Reducing financial burden to hobby more

[Caligula2020]

Folks,

I've been hobbying on & off past 15 years and had some great experiences both with MPA, Semi-legit, hookers, escorts etc..

In the past I travelled a lot globally and had my fair share of experiences from Singapore, Malaysia, Thailand, India, Dubai, UK, Amsterdam, Madrid, Melbourne & Sydney. In the western hemisphere quite a few cities in US & Canada plus the winter sun destinations.

Locally here in Toronto the options are limited and some of the fuck shops are boring with mechanical acts from MPA's with some rare exceptions (I've read comments from fellow hobbyists of similar experiences).

Now coming to the real point of discussion - if I didn't have to be burdened by the mortgage with the Bank noose around my neck I would've had lots more money to hobby locally & globally. I have a decent job but would take another 12-15 years to repay my mortgage of $600k. By the time I'm done with repayments I would be past my prime of healthy life.

Do you'll think it's a good or bad idea to put myself out there and consider crowd-sourcing for my mortgage. I'm not looking for free money, in return I could offer some service like running errands, taking virtual tuitions, teaching yoga or providing some value in return for the contribution.

My end goal is the ability to hobby more often with my hard earned money rather than paying it to the banks to make them richer !!

 

[admin]

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[Hangdai]

Folks,



By the time I'm done with repayments I would be past my prime of healthy life.

Just out of curiousity, what age would be past your prime?

 

[Great gazoo]

S

Folks,

I've been hobbying on & off past 15 years and had some great experiences both with MPA, Semi-legit, hookers, escorts etc..

In the past I travelled a lot globally and had my fair share of experiences from Singapore, Malaysia, Thailand, India, Dubai, UK, Amsterdam, Madrid, Melbourne & Sydney. In the western hemisphere quite a few cities in US & Canada plus the winter sun destinations.

Locally here in Toronto the options are limited and some of the fuck shops are boring with mechanical acts from MPA's with some rare exceptions (I've read comments from fellow hobbyists of similar experiences).

Now coming to the real point of discussion - if I didn't have to be burdened by the mortgage with the Bank noose around my neck I would've had lots more money to hobby locally & globally. I have a decent job but would take another 12-15 years to repay my mortgage of $600k. By the time I'm done with repayments I would be past my prime of healthy life.

Do you'll think it's a good or bad idea to put myself out there and consider crowd-sourcing for my mortgage. I'm not looking for free money, in return I could offer some service like running errands, taking virtual tuitions, teaching yoga or providing some value in return for the contribution.

My end goal is the ability to hobby more often with my hard earned money rather than paying it to the banks to make them richer !!

So it’s the banks fault? They shouldn’t charge you historically low interest rates then? How dare they grow rich at the ludicrous rate of 2-3%
Those fat cats...

 

[Caligula2020]

S

So it’s the banks fault? They shouldn’t charge you historically low interest rates then? How dare they grow rich at the ludicrous rate of 2-3%
Those fat cats...

Just in case your calculator is broken: For a $500k mortgage over 15years the bank collects approx $140k as interest at 3%.
Maybe you were thinking 3% interest on $500k was an interest of $15k over 15 years damn that's a great deal from the banks, pay 40% taxes and get these great benefits in Canada !!!

 

[Great gazoo]

Just in case your calculator is broken: For a $500k mortgage over 15years the bank collects approx $140k as interest at 3%.
Maybe you were thinking 3% interest on $500k was an interest of $15k over 15 years damn that's a great deal from the banks, pay 40% taxes and get these great benefits in Canada !!!

WTF?
Do they not deserve that rate of return?
They are lending you that money for 15 years! Do you think they just go and pick it off their money trees?

40% tax in Canada -really? I pay 53.5% in Canada and what do taxes have to do with what the bank charges you in interest anyway

clearly if you are considering crowd sourcing your mortgage to finance your hobby you are not the sharpest financial tool in the shed

good luck with that crowd sourcing idea

it’s a winner

 

[cupcrazy]

how about bartering? you work as a promoter for spas, in return they can give you discount in the fees. Need advices on this topic? ask the biggest bad ass promoter krayjee

 

[Caligula2020]

WTF?
Do they not deserve that rate of return?
They are lending you that money for 15 years! Do you think they just go and pick it off their money trees?

40% tax in Canada -really? I pay 53.5% in Canada and what do taxes have to do with what the bank charges you in interest anyway

clearly if you are considering crowd sourcing your mortgage to finance your hobby you are not the sharpest financial tool in the shed

good luck with that crowd sourcing idea

it’s a winner

Thanks for the compliments, if an idea doesn't sound crazy for the first 100 people then it's not an idea at all. Check out HomeFundMe or FeatherTheNest there is already a crowd funding platform for down payment the US.
If I told you 10 years ago about Uber concept, people can drive their BMW's & Mercedes as cabs you would have thought I'm a blinking idiot !!

Also go check how US banks are regulated to reduce customer interest rates based on their central banking interest rate. Here even thou Bank of Canada reduces interest rates that benefit is not passed onto clients.

It's no surprise our southern neighbours think we are block heads, we pay super high taxes (to pay 53% tax your making more than $200k/yr) we get shitty services across the board, after that we think we are the best !!

 

[Great gazoo]

Thanks for the compliments, if an idea doesn't sound crazy for the first 100 people then it's not an idea at all. Check out HomeFundMe or FeatherTheNest there is already a crowd funding platform for down payment the US.
If I told you 10 years ago about Uber concept, people can drive their BMW's & Mercedes as cabs you would have thought I'm a blinking idiot !!

Also go check how US banks are regulated to reduce customer interest rates based on their central banking interest rate. Here even thou Bank of Canada reduces interest rates that benefit is not passed onto clients.

It's no surprise our southern neighbours think we are block heads, we pay super high taxes (to pay 53% tax your making more than $200k/yr) we get shitty services across the board, after that we think we are the best !!

Saying that people in the US consider us blockheads - really you are saying that with emphasis right now? That’s your point? People in the US are better off?

if that’s your logic -gazoo out
And at least your calculation is correct on my marginal Tax bracket

good luck with funding your hobby with your go fund me idea