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re: If Baby boomers and Gen X ruined this country
Posted on 8/24/16 at 10:44 pm to Vood
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
1
Posted on 8/25/16 at 12:07 pm to cas4t
quote:
ongrats on keeping up with the Jones' though. You in the red or the black? Be honest.
I will be honest. I am doing very well, if you knew me personally, you would know I have two houses, one primary and one rental. Both in very desirable neigherhoods on the northshore.
I plan to retire at 59.5. Unlike your generation I dont mind working. I have two kids, nice cars, nice savings and a fat 401k.
All 100% honest. Its not OT rich but I am set.
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