PingSpike
Lifer
Originally posted by: Zebo
Originally posted by: bozack
I agree, most if not all of our indiscressionary purchases are made through funds I amass through ebay sales and what not so we try our best not to touch our income....I know too many who work 40K/year jobs who buy 60K cars and other items and then kick their own asses for it later on.
You could be a millionaire in 10 years making 40K a year. Seriously, read millionaire next door. Great book, I think my dad wrote it. 😛 he never made much money while we were growing up but always managed to buy real estate, stocks, and even start a very sucessful business late in life with lots of "capitalization". How? He drove a 74' olds station wagon until 1989. Drives an old 94 buick roadmaster to this day. Always doing his own repairs. Bought his clothes at catholic charities. Basically what many would call cheap! His motto is "assets not liabilites" with every purchase he makes. And today hes what many would call wealthy..lots of assets.
Many would call him cheap and out of touch nowadays. I'd call him a man worthy of respect.
Vermonts current governor is worth over a million now. His only liability is a loan on a 2000 Dodge Neon. I find it humorous and enlightening a man who has that much money drives the same car I do: A cheap econobox. He said he made his money through careful investment and being conservative (read: cheap) with his funds. He's been applying the same policies to the government since he's been in office. The guys got my vote.