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We figured out that the Focus ST cost us about 50% more to run than the corvette. We own all of our cars so no payment to consider. On the highway the corvette gets better mileage and the insurance on the corvette is less than half of the Focus ST. It's a good day when it makes sense to keep the corvette!! I really will miss that Focus though. FUN little car. We just don't need an extra car and can put the money towards other endeavors.
congrats on your nice ride .. well , lets here those tips if your giving them out . I'm listening
this is what helped me. This is all behavior driven with some work ethic.
This is one is tough...delayed gratification. If I cant afford it, I can't enjoy it.
obviously the car is very low on the priority list
many things must be taken care of first.
i started my wealth building debt killing endevour back in 2009. We lived well below our means and kept our eyes on the prize. Focus determination grit!
i also busted my tail to earn more. I am 100% commission so I eat what I kill. A great motivator.
Every year i made more more but kept life style the same. Paying off 60k in student loans then knocking out 250k mortgage. I made sure to keep maxing out 401k and Roth IRA's since 2006 despite the debt bc I knew the power of compounding interest.
I would not not recommend stopping retirement saving all together to knock out debt. Its time you will never get back for growth.
I have had setbacks with my daughters surgeries
emergecy funds tapped into and repeatedly replenished. Life is hard the only garuntee is paying for something I wasn't planing on.
we have to keep pushing we seasons are tough
I place my trust in Jesus and I reminds everyday I can't do this by myself
Glad you could keep the 'Vette. Those ST's are a lot of fun, but too small for me with the Recaros. I did own a GTI which, though slower, was a much better fit.
Dave suggests to buy used for cash until net worth is a million debt free.
Dave also recommends that the value of all paid for vehicles are no more than 1/2 annual income.
Here is my Dave Ramsey car
I am debt free including house supporting a family of 4 on my one income. It can be done. I can give great tips on how to make this happen. btw I grew up on welfare and food stamps so if I can do it you can as well.
HA! I love to see more Dave fans. I made my kids listen to audio of him to and from college. I put 2 kids through school (Veterinarian and Pharmacist). I drove a 1999 F150 (which I still own) so that I could make that happen. I paid cash for my 01 Vette after they graduated and were on their feet. That being said, good for you! Not many financial savvy individuals out there that live the teachings of Dave Ramsey!!!
Dave suggests to buy used for cash until net worth is a million debt free.
Dave also recommends that the value of all paid for vehicles are no more than 1/2 annual income.
Here is my Dave Ramsey car
I am debt free including house supporting a family of 4 on my one income. It can be done. I can give great tips on how to make this happen. btw I grew up on welfare and food stamps so if I can do it you can as well.
congrats on your nice ride .. well , lets here those tips if your giving them out . I'm listening
We have arrested almost all debt except the house. Like a couple months from being done with that part and well on our way. The Focus sale will fund our emergency fund.
congrats on your nice ride .. well , lets here those tips if your giving them out . I'm listening
this is what helped me. This is all behavior driven with some work ethic.
This is one is tough...delayed gratification. If I cant afford it, I can't enjoy it.
obviously the car is very low on the priority list
many things must be taken care of first.
i started my wealth building debt killing endevour back in 2009. We lived well below our means and kept our eyes on the prize. Focus determination grit!
i also busted my tail to earn more. I am 100% commission so I eat what I kill. A great motivator.
Every year i made more more but kept life style the same. Paying off 60k in student loans then knocking out 250k mortgage. I made sure to keep maxing out 401k and Roth IRA's since 2006 despite the debt bc I knew the power of compounding interest.
I would not not recommend stopping retirement saving all together to knock out debt. Its time you will never get back for growth.
I have had setbacks with my daughters surgeries
emergecy funds tapped into and repeatedly replenished. Life is hard the only garuntee is paying for something I wasn't planing on.
we have to keep pushing we seasons are tough
I place my trust in Jesus and I reminds everyday I can't do this by myself
Last edited by Jsilvester81; 06-04-2017 at 07:25 AM.
It will be extremely hard for most people (especially age 20-40) to have a million dollars in assets. Unless you inherited a great deal or earn a 6 figure salary for at least 10-20 years, that is going to be very hard, if not impossible, to do.
I totally agree, no one should try and live on credit and thus live beyond their means. Going back to my early years, I can remember the misery of seeing every dime I made being allocated just to have a place to live, a vehicle to drive, putting food on the table, paying utilities, etc. Miserable existence.
A good rule of thumb is to never obligate yourself above three weeks of pay, regardless of your age or financial condition. Best to keep it to no more than two weeks pay for all expenses, if possible.
Always pay yourself 10% of your net monthly salary/wages, meaning targeted for a savings account. Follow those simple rules and you should be able to reach that million dollar asset over the course of the next 20-40 years.
Last edited by bikeriderga; 06-04-2017 at 12:36 PM.
It will be extremely hard for most people (especially age 20-40) to have a million dollars in assets. Unless you inherited a great deal or earn a 6 figure salary for at least 10-20 years, that is going to be very hard, if not impossible, to do.
I totally agree, no one should try and live on credit and thus live beyond their means. Going back to my early years, I can remember the misery of seeing every dime I made being allocated just to have a place to live, a vehicle to drive, putting food on the table, paying utilities, etc. Miserable existence.
A good rule of thumb is to never obligate yourself above three weeks of pay, regardless of your age or financial condition. Best to keep it to no more than two weeks pay for all expenses, if possible.
Always pay yourself 10% of your net monthly salary/wages, meaning targeted for a savings account. Follow those simple rules and you should be able to reach that million dollar asset over the course of the next 20-40 years.
I agree, a big shovel is a key ingredient to building wealth relatively quickly.
Good youre keeping up on whats affordable
noone really needs Ramsey just basic math ie whats coming in, what goes out=live life accordingly
Common sense, most out there that "look' like they got $ dont or are in debt up to their neck trying to keep up with the Joneses
06-03-2017, 12:22 AM
Doing Dave Ramsey. Keeping the vette.
