Saddled up for an S550 test drive, left with my hopes dashed.
#101
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Keep posting that stuff Charlie. Some of it is read but just not commented on. Advise, good or bad, is advise worth reading at least.
#102
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#103
My question to you would be... "Do you wish to continue living paycheck to paycheck, or do you wish to do things differently?" If the answer is "paycheck to paycheck", then never mind and don't listen to me. If the answer is "do things differently", let me know and I'd be happy to offer financial advice. --- "If you always do what you've always done, you'll always get what you've always gotten." You have to change to make things different in the future. The first step is to stop buying things that you have to finance. Which most people don't want to hear, but it is the truth. Pay your car off and keep driving it, take the money that you used to give the finance company and put it into a Roth IRA invested in broad base index funds like the S&P 500 (Spiders, ticker symbol SPY) That is how you stop living paycheck to paycheck. In truth, it doesn't matter if your paycheck is $1,000 a month or $10,000 a month, you can spend every penny of it and more. Take the first 10% of whatever you make and pay yourself, put it in long term savings. Never touch it, it isn't yours today, it will be yours when you're 65 (or 62 or 68, whatever). Whatever is left, spend however you like, but always keep a positive net worth. Not counting your retirement savings, if you sell everything you have and pay off all debt, is the number a positive or a negative? If it is a negative, don't borrow money. If it is a positive, don't borrow so much that it becomes a negative.
Last edited by KC3333; 1/24/15 at 07:09 AM.
#104
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My question to you would be...
"Do you wish to continue living paycheck to paycheck, or do you wish to do things differently?"
If the answer is "paycheck to paycheck", then never mind and don't listen to me.
If the answer is "do things differently", let me know and I'd be happy to offer financial advice.
---
"If you always do what you've always done, you'll always get what you've always gotten."
You have to change to make things different in the future. The first step is to stop buying things that you have to finance. Which most people don't want to hear, but it is the truth.
Pay your car off and keep driving it, take the money that you used to give the finance company and put it into a Roth IRA invested in broad base index funds like the S&P 500 (Spiders, ticker symbol SPY)
That is how you stop living paycheck to paycheck. In truth, it doesn't matter if your paycheck is $1,000 a month or $10,000 a month, you can spend every penny of it and more. Take the first 10% of whatever you make and pay yourself, put it in long term savings. Never touch it, it isn't yours today, it will be yours when you're 65 (or 62 or 68, whatever).
Whatever is left, spend however you like, but always keep a positive net worth. Not counting your retirement savings, if you sell everything you have and pay off all debt, is the number a positive or a negative? If it is a negative, don't borrow money. If it is a positive, don't borrow so much that it becomes a negative.
"Do you wish to continue living paycheck to paycheck, or do you wish to do things differently?"
If the answer is "paycheck to paycheck", then never mind and don't listen to me.
If the answer is "do things differently", let me know and I'd be happy to offer financial advice.
---
"If you always do what you've always done, you'll always get what you've always gotten."
You have to change to make things different in the future. The first step is to stop buying things that you have to finance. Which most people don't want to hear, but it is the truth.
Pay your car off and keep driving it, take the money that you used to give the finance company and put it into a Roth IRA invested in broad base index funds like the S&P 500 (Spiders, ticker symbol SPY)
That is how you stop living paycheck to paycheck. In truth, it doesn't matter if your paycheck is $1,000 a month or $10,000 a month, you can spend every penny of it and more. Take the first 10% of whatever you make and pay yourself, put it in long term savings. Never touch it, it isn't yours today, it will be yours when you're 65 (or 62 or 68, whatever).
Whatever is left, spend however you like, but always keep a positive net worth. Not counting your retirement savings, if you sell everything you have and pay off all debt, is the number a positive or a negative? If it is a negative, don't borrow money. If it is a positive, don't borrow so much that it becomes a negative.
As I mentioned before, I am not out to make excuses for myself nor try to sugar coat anything.. And just let me say this, if I didn't respect you as person and didn't value your advice ? First of all, I would've stopped replying to your posts in this thread and second, I would had not come forward and revealed any portion of my financial faults/shortcomings whatsoever as I'm pretty much a very private person who does not feel comfortable when it concerns revealing my personal business in public, however as I also mentioned before, I could tell by the advice you've been providing that you have very good intentions and therefore I felt comfortable enough in being able to open myself up to you without fear of being judged nor looked down upon as your posts have demonstrated that you actually are someone who really does care and has taken a sincere interest in helping out his fellow man as a direct result..
With that being said, If I were so happy and content with my life and financial situation ? I wouldn't had bothered wasting my time revealing any portion of my personal life on here to begin with.. So to answer your question, Yes ! of course I am interested..
#105
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Thread Starter
FlyTexas,
You make a lot of great points here but if I may:
Every human person decides to indulge once in a while, in some form or another.
Having a wad of cash in the bank does provide a source of peace of mind and security for the future but that is indeed purely "living in the future." It's my experience that enjoying your life means finding a balance between saving for a happy retirement and enjoying today.
Going into poverty for an optional purchase is a pretty dumb idea but most folks here dont seem to be that type and probably don't need a lecture.
Two: How the hell does someone make that kind of money and have so much free time during the work day?
You make a lot of great points here but if I may:
Every human person decides to indulge once in a while, in some form or another.
Having a wad of cash in the bank does provide a source of peace of mind and security for the future but that is indeed purely "living in the future." It's my experience that enjoying your life means finding a balance between saving for a happy retirement and enjoying today.
Going into poverty for an optional purchase is a pretty dumb idea but most folks here dont seem to be that type and probably don't need a lecture.
Two: How the hell does someone make that kind of money and have so much free time during the work day?
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Last edited by MRGTX; 1/22/15 at 09:49 PM.
#106
Wow! So it's my understanding from what's being said that you shouldn't buy a car unless you can pay for it in cash.. Then if so, don't because rates are low. Hearts in the right place but really wrong. If you really want to get the best buy, never buy a new car. Get one that's two years old as the biggest depreciation occurs in the first two years. If you want yo buy a Mustang, then buy one.. This isn't some minivan, it's a MUSTANG! It's an emotional,purchase. If you really want one, do what I'm doing.. Lease it for the lowest payment possible, so this way you take the difference between the lease payment and the finance payment and save that or invest that. At the end of three years you can either turn it in and get another, or keep it and use the money you saved for a nice downpayment to buy it out.
#107
Wow! So it's my understanding from what's being said that you shouldn't buy a car unless you can pay for it in cash.. Then if so, don't because rates are low. Hearts in the right place but really wrong. If you really want to get the best buy, never buy a new car. Get one that's two years old as the biggest depreciation occurs in the first two years. If you want yo buy a Mustang, then buy one.. This isn't some minivan, it's a MUSTANG! It's an emotional,purchase. If you really want one, do what I'm doing.. Lease it for the lowest payment possible, so this way you take the difference between the lease payment and the finance payment and save that or invest that. At the end of three years you can either turn it in and get another, or keep it and use the money you saved for a nice downpayment to buy it out.
#108
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This thread has a lot of good advice, but in the end it will not be able to work for everyone, different jobs-hours-wages-family-kids-house-cars-saving etc. it all comes to play, the the amount of good strategies to run it all would result in a 300 page long book.
Im one of those immigrant that came here for a better life with my mother and brother when I was 10 years old from Poland. I work with my stepfather in his small (10-20 people) business in Turning aircraft CNC parts for companies like Pratt and Whitney and Rolls Royce and many ,many more sub companies.
Since the day I started working, I'm saving as much money as I can, but at the same time indulge myself in some fun stuff. At age of 24 I bought my 2013 Mustang GT in Feb. 2012 with a down payment of 30Gs and financed the last 9000-10000 for 3 years, to build up my credit. I only got 4 more payment on it, and it will be payed off this May. I see people in my age bracket , but they just dont know how to save money at all, living paycheck to paycheck, paying hundreds of dollars every month for cable,ridiculous cellphone bills, buying every ******* Iphone every year, and so much stupid small Sh_t people waste money on ,its just makes me facepalm.
The worst are the people that will come to me and even have the ***** to say sarcastically "nice car, rich dad hah?" or "how did this kid manage to afford this" or something similar among these lines. I just smile and take it. They dont know my life, and I'm not going to stand there explaining myself how I worked hard and saved my money for this car, how much effort I take to maintain it, so it will last me long time.
People with no life plans and goals will always look down on those that work hard for what they see in their future. I'm 27, I'm planning on buying a house with a garage in 2 years, proably around 140-160G, with a decent down payment on it ,so I can live like a king in my own establishment.
Im one of those immigrant that came here for a better life with my mother and brother when I was 10 years old from Poland. I work with my stepfather in his small (10-20 people) business in Turning aircraft CNC parts for companies like Pratt and Whitney and Rolls Royce and many ,many more sub companies.
Since the day I started working, I'm saving as much money as I can, but at the same time indulge myself in some fun stuff. At age of 24 I bought my 2013 Mustang GT in Feb. 2012 with a down payment of 30Gs and financed the last 9000-10000 for 3 years, to build up my credit. I only got 4 more payment on it, and it will be payed off this May. I see people in my age bracket , but they just dont know how to save money at all, living paycheck to paycheck, paying hundreds of dollars every month for cable,ridiculous cellphone bills, buying every ******* Iphone every year, and so much stupid small Sh_t people waste money on ,its just makes me facepalm.
The worst are the people that will come to me and even have the ***** to say sarcastically "nice car, rich dad hah?" or "how did this kid manage to afford this" or something similar among these lines. I just smile and take it. They dont know my life, and I'm not going to stand there explaining myself how I worked hard and saved my money for this car, how much effort I take to maintain it, so it will last me long time.
People with no life plans and goals will always look down on those that work hard for what they see in their future. I'm 27, I'm planning on buying a house with a garage in 2 years, proably around 140-160G, with a decent down payment on it ,so I can live like a king in my own establishment.
#109
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This thread has a lot of good advice, but in the end it will not be able to work for everyone, different jobs-hours-wages-family-kids-house-cars-saving etc. it all comes to play, the the amount of good strategies to run it all would result in a 300 page long book.
Im one of those immigrant that came here for a better life with my mother and brother when I was 10 years old from Poland. I work with my stepfather in his small (10-20 people) business in Turning aircraft CNC parts for companies like Pratt and Whitney and Rolls Royce and many ,many more sub companies.
Since the day I started working, I'm saving as much money as I can, but at the same time indulge myself in some fun stuff. At age of 24 I bought my 2013 Mustang GT in Feb. 2012 with a down payment of 30Gs and financed the last 9000-10000 for 3 years, to build up my credit. I only got 4 more payment on it, and it will be payed off this May. I see people in my age bracket , but they just dont know how to save money at all, living paycheck to paycheck, paying hundreds of dollars every month for cable,ridiculous cellphone bills, buying every ******* Iphone every year, and so much stupid small Sh_t people waste money on ,its just makes me facepalm.
The worst are the people that will come to me and even have the ***** to say sarcastically "nice car, rich dad hah?" or "how did this kid manage to afford this" or something similar among these lines. I just smile and take it. They dont know my life, and I'm not going to stand there explaining myself how I worked hard and saved my money for this car, how much effort I take to maintain it, so it will last me long time.
People with no life plans and goals will always look down on those that work hard for what they see in their future. I'm 27, I'm planning on buying a house with a garage in 2 years, proably around 140-160G, with a decent down payment on it ,so I can live like a king in my own establishment.
Im one of those immigrant that came here for a better life with my mother and brother when I was 10 years old from Poland. I work with my stepfather in his small (10-20 people) business in Turning aircraft CNC parts for companies like Pratt and Whitney and Rolls Royce and many ,many more sub companies.
Since the day I started working, I'm saving as much money as I can, but at the same time indulge myself in some fun stuff. At age of 24 I bought my 2013 Mustang GT in Feb. 2012 with a down payment of 30Gs and financed the last 9000-10000 for 3 years, to build up my credit. I only got 4 more payment on it, and it will be payed off this May. I see people in my age bracket , but they just dont know how to save money at all, living paycheck to paycheck, paying hundreds of dollars every month for cable,ridiculous cellphone bills, buying every ******* Iphone every year, and so much stupid small Sh_t people waste money on ,its just makes me facepalm.
The worst are the people that will come to me and even have the ***** to say sarcastically "nice car, rich dad hah?" or "how did this kid manage to afford this" or something similar among these lines. I just smile and take it. They dont know my life, and I'm not going to stand there explaining myself how I worked hard and saved my money for this car, how much effort I take to maintain it, so it will last me long time.
People with no life plans and goals will always look down on those that work hard for what they see in their future. I'm 27, I'm planning on buying a house with a garage in 2 years, proably around 140-160G, with a decent down payment on it ,so I can live like a king in my own establishment.
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#110
A Man Just Needs Some....
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This thread has a lot of good advice, but in the end it will not be able to work for everyone, different jobs-hours-wages-family-kids-house-cars-saving etc. it all comes to play, the the amount of good strategies to run it all would result in a 300 page long book. Im one of those immigrant that came here for a better life with my mother and brother when I was 10 years old from Poland. I work with my stepfather in his small (10-20 people) business in Turning aircraft CNC parts for companies like Pratt and Whitney and Rolls Royce and many ,many more sub companies. Since the day I started working, I'm saving as much money as I can, but at the same time indulge myself in some fun stuff. At age of 24 I bought my 2013 Mustang GT in Feb. 2012 with a down payment of 30Gs and financed the last 9000-10000 for 3 years, to build up my credit. I only got 4 more payment on it, and it will be payed off this May. I see people in my age bracket , but they just dont know how to save money at all, living paycheck to paycheck, paying hundreds of dollars every month for cable,ridiculous cellphone bills, buying every ******* Iphone every year, and so much stupid small Sh_t people waste money on ,its just makes me facepalm. The worst are the people that will come to me and even have the ***** to say sarcastically "nice car, rich dad hah?" or "how did this kid manage to afford this" or something similar among these lines. I just smile and take it. They dont know my life, and I'm not going to stand there explaining myself how I worked hard and saved my money for this car, how much effort I take to maintain it, so it will last me long time. People with no life plans and goals will always look down on those that work hard for what they see in their future. I'm 27, I'm planning on buying a house with a garage in 2 years, proably around 140-160G, with a decent down payment on it ,so I can live like a king in my own establishment.
Good for you Hyperdrive. Keep on doing what it takes.
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#112
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