- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Paying off everything off while young
Posted on 11/1/13 at 1:58 pm to Zach
Posted on 11/1/13 at 1:58 pm to Zach
quote:
I would pay cash for vehicles
I'm already doing this. I bought my first truck out of school and paid it off about a year later. Every vehicle from now on will be cash.
quote:
Your taste and decision making on a nice home will change.
Good point, although I've wanted ~ 20 acres in the woods and a lake for many years now. It's the environment I'd like to raise my kids in. And I have no plans to make a permanent move away from home. I'm a small town and family oriented guy.
This post was edited on 11/1/13 at 1:59 pm
2
Posted on 11/1/13 at 2:43 pm to braindeadboxer
quote:
Good point, although I've wanted ~ 20 acres in the woods and a lake for many years now. It's the environment I'd like to raise my kids in. And I have no plans to make a permanent move away from home. I'm a small town and family oriented guy.
When I was 11 years old I visited an aunt who had a place on Pass Christian.. a bay off the Gulf. Growing up I was very poor but that image stuck in my head all my life.
When I finally had enough money at age 40 to buy lakefront and design a house I patterned the house design after my memories of her place.
Posted on 11/2/13 at 12:20 am to braindeadboxer
quote:
I bought my first truck out of school and paid it off about a year later. Every vehicle from now on will be cash.
The problem with vehicle purchases isn't how you pay for it, it's that the asset depreciates. You lose far more on asset value buying new than you do on interest. If you're serious about saving money, drive whatever you buy until it turns into a pile of rust.
If you qualify for a "good credit" rate then it doesn't really matter whether you pay cash or finance it. If you don't qualify for that then pay cash for everything.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News