Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
#31
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If you develop a frugal mindset, your income will have very little effect on your spending level.
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#32
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As mentioned your spending can keep up with your earnings. Therefore you should think in terms of saving a big part of any wage increase you get along the way.
You do not have to reduce your standard of living because you just got the income. Then invest in equities if your needs are a long way off. |
#33
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Eliminate all credit card debt. Start with the card that has the highest percentage rate. When that’s gone, put that much money , and more, to the next one, rinse , lather, repeat.
The monthly finance fees are RIDICULOUS. I call it usury. Most are over 20% or even up to 29.7% per year. If you pay this, you’re really throwing away money. Start saving for a house, if that’s what you want. Many transactions require 20% down, in cash. Good luck!
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A hammer is not a screwdriver. (My grandfather Bill.) |
#34
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Quote:
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It is better to laugh than to cry. |
#35
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+1 No one cares about your money like you. Educate yourself. Read. Live below your means. Visit bogleheads dot org. Learn Jack Bogle’s index fund philosophy. |
#36
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Strike a proper balance. Saving for the future is important and should be done. But, don't forget to allow for a good life all along the way.
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#37
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Wisdom from the islands
You work all the time for the things you want.
But, you should only want the things you need. You can work three days a month for the things you need. Then you have time to do whatever you want. |
#38
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I personally can't fathom paying someone else...to manage/invest MY money. At the same time, budgeting to take those occasional vacations or doing those things that are really important to you, while you're still young and able enough to fully enjoy...should not be ignored. A long life is not guaranteed any of us and seeing/reading of those people who die shortly before or after retirement, while scrimping and denying themselves all of their lives...is sadly all too common. While I am one of the lucky ones that dosesn't have to worry about my old age finances, if I could no longer post here because I fell over dead tomorrow (don't get your hopes up...and you know who you are )...I wouldn't have a single regret. |
#39
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Would you pay someone to roll the dice for you ? Thats what you do when you hire a financial planner.
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#40
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I recently heard Steve Harvey speak to a group of young Millennials and he said you only have two choices:
1. You can work to live or 2. You live to work in the end what you put in is what you get out. |
#41
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My addition to all this good advice, take time to read Paul Merriman’s 3 free ebooks.
1. First-Time Investor 2. 101 Investment Decisions 3. Get Smart or Get Screwed Found at paulmerriman.com |
#42
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Even if your income would support you driving a Rolls Royce, stick with a Mercedes or BMW.
Enjoy life, but always spend at least a little below what your income would allow and invest the difference. Most of all, start young! Million Dollar Savings Calculator: How Much Do I Need To Save to Become a Millionaire? | InvestingAnswers
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"No one is more hated than he who speaks the truth." Plato “To argue with a person who has renounced the use of reason is like administering medicine to the dead.” Thomas Paine |
#43
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Here is one of my own. When I want [ key word is want] something I pick it out find the BEST price and wait 1 month or more!!! OFTEN,
very often after 30 days I don't want it. This also saves closet space |
#44
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Although I have overcome those impulse buys, occasionally I get attracted to something or the other guaranteed to save time, money or labor. LOL. BUT WAIT, THERE'S MORE ... Now what I do is check Amazon for reviews on the item. That, in itself, has prevented me from buying a certain amount of junk!
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A great attitude is a choice, not a disposition Last edited by BK001; 09-04-2018 at 12:41 PM. Reason: after thought |
#45
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Ron Popeil - Wikipedia I have to admit though, that a long, long, long time ago...I did once buy his 'Pocket Fisherman.' Amazon.com : Ronco Pocket Fisherman : Baitcasting Rod And Reel Combos : Sports & Outdoors I am shocked to see...that they're still making them. |
Closed Thread |
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