LMCane said:

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Hoyt Ag said:

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I dont want to think about my wheels total. I paid cash for them all but it would be a scary sight. 2 Harleys, F350, flatbed trailer, 5th Wheel and side by side. I might give DR a heart attack.

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what's your net worth (not including your home)?

I see a ton of people in Maryland with F350s living in near trailer parks.

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62strat said:

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Irwin M. Fletcher said:

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AgsMyDude said:

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Irwin M. Fletcher said:

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Tex117 said:

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The boring way really is THE WAY.

Its definitely hard to do it this way as it is well...boring. CryptoBros, tech traders, and all of that are super flashy and happily yell to the world how much crypto has gone up. Real Estate people also have absolutely zero issue with telling the world how much zillow thinks their property has increased.

It always feels like everyone is making more money doing the flashy stuff than you because...they are telling you. (I think its tacky to talk about money in general, but for whatever reason, these investment classes, people talk about and is somewhat socially acceptable).

Then there are is the boring way. For whatever reason, its viewed more tacky to just say "yeah, my investment accounts are well over a million, and its not uncommon to make 20-30k in a day (or lose it for that matter)." That same person bragging about their crypto or real estate then, immediately, gets all scuffy.

Also, the boring way takes awhile to get going. Getting to that first million is a slog. There are alot of sacrifices to be made at a time in life when lots of others are really going HAM on spending (young families). But then, almost like when you wake up and find yourself old (you aren't that old, probably early 40s), you are a millionaire...where your money is going to make money for you and you will retire a multi-millionaire sometime in your 50s.

Its a classic tortoise and the hare.

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Agree with this. One thing I'll also say is a lot of people on this thread have talked about wanting to enjoy life and not worried about how much they accumulate. I'm 54, and I lived below my means but we still enjoyed vacations and doing a lot of things. Even able to send my kids to private school. I also have had season tickets to A&M games for 15 years with my good friends. My wife even drove a Lexus but I bought it used and never had debt on a car. Had a very reasonable mortgage. I'll just say this I agree everyone is different and I really enjoy just saving and investing, like Warren Buffett does. Just watching it grow. Others want other things and that's great, but if you aren't putting at least 15% of your income in retirement or investments and don't have at least three months of expenses in cash and you're going out to eat or making car payments on a depreciating asset you are a stupid person period. This is not an opinion, it just is. At least do 15% and 3 months, after that do what makes you happy.

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Does a stupid person take advantage of a 1.95% loan on an 8-year-old used vehicle, and invest the rest in the market, as opposed to paying cash up front?

Asking for a friend

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I get your point, but remember this isn't t a house that will go up in value over time. This is a rapidly depreciating asset and you need to include that in your calculus. Plus if it's 8 years old how expensive can it be? I'd just pay it off as quick as I could then drive it forever.

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just to jump on this bandwagon.. but this is silly. Whether you're making payments on the car you currently own, or you own the car and are instead making 'payments' towards an account for the future car you buy in cash.. what difference does it make? a low interest rate does not amount to much.

I got 0% on my new F150.. no one in their right mind would not carry that payment out. I did 6 years. 2 years left, hopefully I'll have car 8-10.

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Diggity said:

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Johnny Sack would be jealous....his wife not so much.

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