BABYFACE
Full Member
Tru dat.It’s not what you make.....it’s what you keep.
Tru dat.It’s not what you make.....it’s what you keep.
If not, Parkinson’s Law will take hold. For those not familiar, the law says no matter how much money you earn, you tend to spend the entire amount and a little bit more. Your expenses rise right along with your increases in earnings. This way eye-opening and very true for me, especially raising three kids. Kids are expensive.Pay yourself first.
Conversely (and maybe for this reason), I know a bunch of baby boomers sitting on huge piles of cash they are reluctant to use. Time moves quickly, and infirmity strikes suddenly. Your kids will thank you when standing over your graves.......If not, Parkinson’s Law will take hold. For those not familiar, the law says no matter how much money you earn, you tend to spend the entire amount and a little bit more. Your expenses rise right along with your increases in earnings. This way eye-opening and very true for me, especially raising three kids. Kids are expensive.
Conversely (and maybe for this reason), I know a bunch of baby boomers sitting on huge piles of cash they are reluctant to use. Time moves quickly, and infirmity strikes suddenly. Your kids will thank you when standing over your graves.......
Better than having them curse you when standing over your grave I suppose. The best gift you can give your kids is to make sure they don’t have to take care of you financially in your old age.
Have made it clear to my son that I chaned his diapers in Amon Carter Stadium and one day he will be changing mine.
Over the long-term, throwing your extra mortgage money at a mutual fund will significantly outpace the return from interest savings on the mortgage
Yes, but it also matters when/if you intend to upsize or otherwise move (and property value trends where you own or might move). For example, we under-bought relative to our financial capacity in 2018, in an area with consistent appreciation and intend to hold for 5ish years, and then move to an area with quite a bit higher property values. We aren’t willing to play the market timing game with that money over the medium-term (when we’re ready to move, we want to be able to do so without breaking a sweat over property values and whether the market dropped off), so we are essentially using extra principal like a savings account. Sure we could make more elsewhere, but we could also lose it too).
To each their own, but if your career involves occasional relocations, there are some weird things to plan for. Especially if those moves take you across very different cost of living areas.
Very under rated post.Do you support single mom's or dance yourself?
I've got a 500%+ return business model for you. It's in pharmaceutical sales. Work conditions may be dangerous though, and keep the car legal so you don't get stopped by the cops.
The plastic robot industry has waned in the wake of coronavirus, unfortunately. We had to scale back and shutter a factory temporarilyplastic robots. and have a rock band!
The plastic robot industry has waned in the wake of coronavirus, unfortunately. We had to scale back and shutter a factory temporarily
Hmm... good questions. I have recently shown a preference for Modelo or XX to Corona. Also not drinking much in general. Maybe that is the issue.Have you drank too much Corona? Or is it a lack of Corona that keeps your body from developing an immunity? I think more research on the second idea is necessary.
Yes, but it also matters when/if you intend to upsize or otherwise move (and property value trends where you own or might move). For example, we under-bought relative to our financial capacity in 2018, in an area with consistent appreciation and intend to hold for 5ish years, and then move to an area with quite a bit higher property values. We aren’t willing to play the market timing game with that money over the medium-term (when we’re ready to move, we want to be able to do so without breaking a sweat over property values and whether the market dropped off), so we are essentially using extra principal like a savings account. Sure we could make more elsewhere, but we could also lose it too).
To each their own, but if your career involves occasional relocations, there are some weird things to plan for. Especially if those moves take you across very different cost of living areas.