June 4, 2019 • Page 2 shop online at www.missourivalleyshopper.com The Unusual Date Dave Says Re-Fi Now? Watch Out… Dear Dave, I recently started following your plan, and I’ve looked into refinancing the home I bought five years ago to free up more money to put toward paying off debt. My interest rate is 3.625 percent, along with a private mortgage insurance payment of $200 per month. This makes my mortgage paywww.missourivalleyshopper.com ment $2,700 a month, and I owe $325,000 on the house. I was offered a re-financing plan that included a monthly payment of $2,576 with no PMI, but the interest rate would be 4.6 percent. What do you think? Dave Phil Dear Dave, My wife and I are completely debt-free, and we have a full emergency fund in place. We bring home around $110,000 a year combined, and we are both maxing out 401(k)s at work. We each just opened additional IRAs, as well. At this point, we want to start setting aside $30,000 a year for a few years as savings to help buy a home. www.missourivalleyshopper.com With all this in mind, what do you think about the idea of vintage watches as an investment? I work with a high-end retail company, and I’ve noticed certain sports watches have been doubling or even tripling in value over time. Would it be okay to spend around $5,000 on a vintage watch now, or should I wait until we’re in even better financial shape? Mike www.missourivalleyshopper.com www.missourivalleyshopper.com RAMSEY Dear Mike, Yeah, you could do that. Just make sure you look at it the right way. It would be a hobby, not a real investment. I have a friend who has collected a few thousand bottles of wine over the years. The value of most of them has gone up since he bought them, but it’s not part of his investment strategy. So, if you buy a $5,000 watch in your situation, that’s okay. Just don’t go nuts and buy 10 of them, you know? What we’re talking about here are collectibles. It could be the first step in building a collection of fine watches over the years. You could do the same thing with cars, but don’t make them part of your investment strategy. Treat them like consumption items, things you can afford to spend money on and enjoy. Then, if they happen to go up in value, it’s icing on the cake! —Dave www.missourivalleyshopper.com www.missourivalleyshopper.com Dear Phil, You don’t need to refinance with those numbers. You’d be going up more in terms of interest rate than you’d save with no PMI. The only reason the payment is going down is that you’d be agreeing to stay in debt longer. Now, if you could’ve lost some of that interest rate, and gotten rid of the PMI, that might have come close to making sense. But, even that might not have worked in the end, because you’d have closing costs associated with the deal. There’s no way this deal is a good idea. You’d essentially be going up a full percentage point in terms of interest, and all you’d really be doing is resetting, or re-casting, the loan. Basically, you’d be starting over on the loan. That’s why the larger payment and PMI would go away, but you’d have a significant increase in your interest rate. Where you’re at right now is fine, Phil. You’re off to a www.missourivalleyshopper.com good start, so just keep on moving forward with getting out of debt and gaining control of your finances! —Dave Visit our Web site at www.missourivalleyshopper.com Visit our Web site at www.missourivalleyshopper.com Visit our Web site at www.missourivalleyshopper.com Visit our Web site at www.missourivalleyshopper.com *www.missourivalleyshopper.com Dave Ramsey is America’s trusted voice on money and business, and CEO of Ramsey Solutions. He has authored seven best-selling books, including The Total Money Makeover. The Dave Ramsey Show is heard by more than 12 million listeners each week on 575 radio stations and multiple digital platforms. Follow Dave on Twitter at @DaveRamsey and on the web at daveramsey.com. www.missourivalleyshopper.com www.missourivalleyshopper.com www.missourivalleyshopper.com www.missourivalleyshopper.com Visit our Web sitekitchen timers and gave one a friend- betweenWeb site at Annette at Visit our gales of laughter, ly ding. This thumper and said she could put a regular trumwww.missourivalleyshopper.comgot the www.missourivalleyshopper.com It just happened, you know? One of those serendipitous coincidences that occur when planets line up or you foolishly store oily rags together. It just … happened. Ardis Richardson was looking through the Soup ‘R Market for an egg beater for her mom. Not the electric kind. The turn-the-handle kind. She picked one up and tried it out, causing the friendly little metallic whir that good egg beaters make. What was serendipitous, however, was Anita Campbell not six feet away in the next row thumping pumpkins. As Anita thumped and Ardis whirred, they got in time with each other and Sarah McKinley was checking out whirrer going even more enthusiastically and caused the market’s owner, Annette George, to walk over to the three percussionists, grin, and pick up a brand-new stainless steel funnel, purse her lips, and begin to blow a blues tune on it. It was okay, since she owned the store. Annette, it turns out, played trombone back in high school. While she was bluesing and Anita was thumping and Sarah was dinging and Ardis was whirring, a kind of blissful harmony began and filled the vegetable aisle with music. When they finally stopped, and Visit our Web site at www.missourivalleyshopper.com pet mouthpiece in the funnel and get a better tone. Anita said not to say anything to her husband, Dud, as he thought his accordion playing was the only music in the family. They agreed to get together each Wednesday afternoon and practice until they got good enough for a concert. But they never did. Serendipity just … happens … in its own good time. Visit our Web site at www.missourivalleyshopper.com Interested in this spot? Save 10¢ Off A Gallon Of Gas When You Use Your Sinclair Card Prices Best In Town Captain Morgan Spiced Ru m 25.99 1.75 ML $ Jim Beam Bourbon $27.99 1.75 ML Jim Beam Peach Bourbon NEW! 18.99 750 ML $ Tito’s Vodka $29.99 1.75 ML Black Velvet Whiskey $15.9 9 1.7 Cork N Bottle 5 ML 1500 Broadway, 665-3881 We’ll Match All Local Advertising Prices! We’ll M Local Advertis atch All ing Prices! LARGE SELECTION OF NEW AND PRE-OWNED ZERO TURNS! NEW Built So Homeowners Can Mow Like A Pro! 6,599 $ Hustler Fastrak 54” Rear Discharge Deck 23 H.P. Kawasaki 5,199 Joe, my roommate, and his fiancée, Rochelle, came into our apartment. Rochelle came into the kitchen where I was. “Daris, would you be willing to go out with my sister?” she asked. “Is she going to school here?” “No,” Rochelle replied, “but she is coming with my parents to visit me. I just thought it would be nice if she had a date so she could feel comfortable going to the big concert on Friday with my parents and Joe and me.” “Sure,” I said. “I’d be happy to go with her.” “When they get here tomorrow, I’ll bring her over to meet you,” Rochelle said. Rochelle went back to be with Joe, and I went back to my studies. The next day I was busy with classes, homework, and wrestling. I had forgotten about meeting Rochelle’s sister by the time I got back to the apartment. Another roommate, David, stopped me as I came in the door. “Hey, Daris, could you possibly do dishes for me tonight? I’ve got a big date. I will do them for you on your turn.” “Sure,” I said. “I don’t have anything but studying tonight. I’ll get started right away.” David thanked me and left. I filled one sink with wash water, soap, and dishes. I filled the other sink with rinse water. I rolled up my sleeves and had been busy working for a while when I heard Rochelle’s voice. “Can I come in?” “Sure, Rochelle,” I replied. “I’m back here in the kitchen. I think I’m the only one here.” Rochelle came walking into the kitchen. Right behind her was a girl that looked a lot like her but was slightly shorter and someone more athletically built. Suddenly, I remembered I was supposed to meet Rochelle’s sister. I looked down at the front of my clothes, with water on them. I looked at my arms with soap to my elbows. I thought the timing couldn’t have been worse. Rochelle didn’t even try to hold back her grin. “Daris, this is my sister, Mauren.” I washed the soap off my hands and arms and dried them. I sheepishly held out my hand. “Nice to meet you.” Mauren didn’t shake my hand for a moment. I couldn’t tell what the expression on her face was. Was she disgusted, angry, annoyed? 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I didn’t want to go out with you. That was my sister’s idea. But there are two things I hate: men and athletes. And from my sister, I learned you’re both. So I also hate you, so just zip it!” I knew that as loud as Mauren said it, all of the others had to have heard. I glanced at them. Only Joe seemed as INTERESTED IN THIS SPOT? shocked as I was. The girls’ parents grinned, but purposeCall 665-5884 to place your ad here. ly seem to ignore the outburst, and instead talked about the concert. Rochelle kind of grinned and shrugged. That confused me, too. It wasn’t like Rochelle to set me up for failure. To be continued... www.missourivalleyshopper.com Dining & ent m tertainwww.missourivalleyshopper.com En Interested in this spot? www.missourivalleyshopper.com Call 665-5884 to place your ad here. 71 54” Cutting Deck 23 H.P. Kawasaki of Tyndall on Hwy. 50 Corner of Hwys. 50 and 5 miles West www.schuurmansfarmsupply.com 37 Ph. 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