saw em off said:
I've always been pretty good at living within the means. My wife was a stay-at-home mom for 20 years. We had one kid (tried for others but no luck). I was anal about no debt early on other than house/cars. I didn't make anywhere near 6 figures, and we didn't eat sandwiches either. We went on vacations every year, I was able to save enough to where my daughter will graduate debt free in a year. She goes to Lamar and lives at home. I don't invest, but will have a nice retirement in about 6 years if we elect the right president. Retirement might be a foreign concept if we don't.
No bragging here, just say all that to say, I was constantly evaluating our household budget and finding ways not go overboard with stuff. Thanks to youtube, I do 90% of all house and car maintenance/repairs myself. Always shopping for lower insurance premiums. I've found that there are always clever ways to cut back without sacrificing too much.
UTExan said:saw em off said:
I've always been pretty good at living within the means. My wife was a stay-at-home mom for 20 years. We had one kid (tried for others but no luck). I was anal about no debt early on other than house/cars. I didn't make anywhere near 6 figures, and we didn't eat sandwiches either. We went on vacations every year, I was able to save enough to where my daughter will graduate debt free in a year. She goes to Lamar and lives at home. I don't invest, but will have a nice retirement in about 6 years if we elect the right president. Retirement might be a foreign concept if we don't.
No bragging here, just say all that to say, I was constantly evaluating our household budget and finding ways not go overboard with stuff. Thanks to youtube, I do 90% of all house and car maintenance/repairs myself. Always shopping for lower insurance premiums. I've found that there are always clever ways to cut back without sacrificing too much.
Investing in the market is pretty much agnostic when it comes to presidential candidates except for Biden's stupidity over energy policy early on. The parties depend on a healthy economy to maintain legitimacy and if investors don't prosper, they don't invest or find alternative venues in which to park their money, which means the economy spirals down. The stupidity of people like Harris' advisor who wanted to tax unrealized capital gains quickly earned rebukes from almost every media source, shutting that down quickly, because the crazy anti capitalist and antisemitic Left will never be allowed to take power for long.
fc2112 said:
That's why we hear of people earning $40k who have saved millions. And people earning $400k who are broke.
yeh, except for the guy who wrote the book that a lot of people read.. no one actually did this lol.FIDO*98* said:fc2112 said:
That's why we hear of people earning $40k who have saved millions. And people earning $400k who are broke.
No, you don't in fact hear about people that make 40,000 that saved millions
62strat said:
no one actually did this lol.
that guy didn't save millions, he invested a little in the stock market which grew over several decades.fc2112 said:
https://en.m.wikipedia.org/wiki/Ronald_Read_(philanthropist)
And before you say it's just one, you said "no one" has done it.
if youre in texas, all you have to do is make it to 65 years old. the state wont foreclose on your property after that. they just defer all the back taxes til the property is sold. in my neighbors case, she has essentially left her son with no inheritance.AM09 said:Need the blueprint on this strategy!Serious Lee said:
85 yr old single woman across the street from me has one of the nicest homes in the neighborhood, probably over 5K sq ft. husband left her the house in the divorce 30 years ago but no money. she hasnt worked in 40 years, quit paying property taxes 20 years ago. has charitable organizations doing her lawn/landscaping. doesnt seem to have an ounce of shame either. some people just know how to get by.
Ok, Adding to my Texags Retirement Planning Notes: No more relying on compound interest/growth calculations when we talk about saving for retirement.62strat said:that guy didn't save millions, he invested a little in the stock market which grew over several decades.fc2112 said:
https://en.m.wikipedia.org/wiki/Ronald_Read_(philanthropist)
And before you say it's just one, you said "no one" has done it.
I take it you've never been to the valley.evestor1 said:
As a landlord ... never discount how stupid people are.
In general Hispanics are most realistic with their money. Anyone that has been in America 2 generations has potential to be bad with money.
that's the thing though he never did 'retire'. He had money in stocks until he was in his 90s and never even sold them. He continued to live in frugality it sounds like. Think of how much growth that was from a retirement age of early 60s to 92. $9k is $1m after 70 years at typical 7%. A lot of 22 year olds could save $9k in a heartbeat if they were diligent.Caliber said:Ok, Adding to my Texags Retirement Planning Notes: No more relying on compound interest/growth calculations when we talk about saving for retirement.62strat said:that guy didn't save millions, he invested a little in the stock market which grew over several decades.fc2112 said:
https://en.m.wikipedia.org/wiki/Ronald_Read_(philanthropist)
And before you say it's just one, you said "no one" has done it.
/You didn't do that/
I was going to post a similar response. I have an F-150 XLT Powerboost I bought used to do the same stuff you're using yours for, but I also have a Hyundai Elantra for commuting and long drives where I don't need cargo or towing because it gets 45-50 mpg. Sure, I can afford a lot more in vehicles, but I don't see the need to blow the money if I can get what I want for less money.62strat said:sorry but this example doesn't fit with the others.Quote:
It's driving a nice Honda Accord Sport vs. a Brodozer truck.
Some people use the capabilities of trucks. Your accord sport isn't pulling our camping trailer, and I've used the bed of my truck so many times over the years I can't even count. Yard projects, house projects, etc.
This year alone, I bet I've done 20 loads of stuff.. rocks, mulch, concrete bags, lumber, etc.
Having said that, it's a stock F150 FX4 powerboost. I don't know the parameters of your terminology.
Ryan the Temp said:I was going to post a similar response. I have an F-150 XLT Powerboost I bought used to do the same stuff you're using yours for, but I also have a Hyundai Elantra for commuting and long drives where I don't need cargo or towing because it gets 45-50 mpg. Sure, I can afford a lot more in vehicles, but I don't see the need to blow the money if I can get what I want for less money.62strat said:sorry but this example doesn't fit with the others.Quote:
It's driving a nice Honda Accord Sport vs. a Brodozer truck.
Some people use the capabilities of trucks. Your accord sport isn't pulling our camping trailer, and I've used the bed of my truck so many times over the years I can't even count. Yard projects, house projects, etc.
This year alone, I bet I've done 20 loads of stuff.. rocks, mulch, concrete bags, lumber, etc.
Having said that, it's a stock F150 FX4 powerboost. I don't know the parameters of your terminology.
Not everyday, thankfully, but a lot. I'm also going between Houston and Austin more.62strat said:
200 miles a day, Jesus.
I spent some time doing the math on this one today and it turns out it is between $150 and $200 cheaper to keep both vehicles, based on costs of insurance, registration, miles driven, and fuel mileage. However, that doesn't take into account the fact I had to buy a new truck in May and got saddled with a payment again, so it looks like if I sold the Elantra and kept just the truck, I'd save a little over $20,000 over the next five years.62strat said:Ryan the Temp said:I was going to post a similar response. I have an F-150 XLT Powerboost I bought used to do the same stuff you're using yours for, but I also have a Hyundai Elantra for commuting and long drives where I don't need cargo or towing because it gets 45-50 mpg. Sure, I can afford a lot more in vehicles, but I don't see the need to blow the money if I can get what I want for less money.62strat said:sorry but this example doesn't fit with the others.Quote:
It's driving a nice Honda Accord Sport vs. a Brodozer truck.
Some people use the capabilities of trucks. Your accord sport isn't pulling our camping trailer, and I've used the bed of my truck so many times over the years I can't even count. Yard projects, house projects, etc.
This year alone, I bet I've done 20 loads of stuff.. rocks, mulch, concrete bags, lumber, etc.
Having said that, it's a stock F150 FX4 powerboost. I don't know the parameters of your terminology.
Quick anaylsis here;
I get 20-25 mpg commuting. So we're talking 1 gallon a difference a day (for my 50RT mile commute), that's ~$750 a year savings for your elantra assuming $3/gal.
Insurance and registration alone is more than $750 a year, so that doesn't add up to me. Obviously every situation is different, but outside of a really long commute, this doesn't make sense.
