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re: If Baby boomers and Gen X ruined this country
Posted on 8/24/16 at 10:31 pm to cas4t
Posted on 8/24/16 at 10:31 pm to cas4t
quote:
5k a month mortgage.
Exaggerate much?
quote:
Borrowed money from their future children and grandchildren
Clearly the best money you can spend is money from someone else. BTW Parents don't owe their kids any inheritance.
Jerry Seinfeld said it best, when his daughter asked him are they rich. He said "I am rich, you are dirt poor and have to earn your money."
Good luck with your old cars and massive down payment on a house that you are "going to buy".
I buy a brand new car every four years and pay very little interest if at all each time. Guess what I NEVER have to worry about them breaking down on me. All I do is put gas and oil in it and get everything fixed under warranty. Any money spent on cars as old as yours is a WASTE of money.
3
Posted on 8/24/16 at 10:43 pm to Vood
quote:
Clearly the best money you can spend is money from someone else. BTW Parents don't owe their kids any inheritance.
Jerry Seinfeld said it best, when his daughter asked him are they rich. He said "I am rich, you are dirt poor and have to earn your money."
So its cool to have you kids pay off your debt
Posted on 8/24/16 at 10:44 pm to Vood
Except that I have little to not debt outside of barely any student loans left and take that extra cash and invest.
Sorry I'm 28 and looking to buy multiple properties so I want to stay as cash positive as possible. I'm not looking to have recurring debt just so I can say I drive a brand new Camry.
Your plan to keep buying new cars every 4 years is a complete waste of money that could be spent on something making you money. Or something not making you money, that is far more worth it. I can think of a zillion things I'd rather do than drive a brand new car every 4 years. Like, see the world for instance.
Congrats on keeping up with the Jones' though. You in the red or the black? Be honest.
When do you plan on retiring? Be honest.
Sorry I'm 28 and looking to buy multiple properties so I want to stay as cash positive as possible. I'm not looking to have recurring debt just so I can say I drive a brand new Camry.
Your plan to keep buying new cars every 4 years is a complete waste of money that could be spent on something making you money. Or something not making you money, that is far more worth it. I can think of a zillion things I'd rather do than drive a brand new car every 4 years. Like, see the world for instance.
Congrats on keeping up with the Jones' though. You in the red or the black? Be honest.
When do you plan on retiring? Be honest.
This post was edited on 8/24/16 at 10:49 pm
Posted on 8/24/16 at 11:49 pm to Vood
quote:
. Any money spent on cars as old as yours is a WASTE of money
What the frick? As a GenX doing rather well, I can say, any money spent on cars younger than 6 years old is a complete waste. Are you one of those clueless idiots who waste shite tons on a depreciating asset? Yes, you are.
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