I admire your discipline. I certainly don't have it!

 

The only discipline I really have is not drinking this year...that's why I'm still financially dependent. I lived at or beyond my means for several years. Thankfully, I realized what my true priorities were early enough in my life that I can still fix the damage.

 

I'm nowhere near financially free. My ass is so broke I can't even pay attention!

I'm so in debt... Including the S, my wife's car, credit cards, loans, etc. I spend a lot of my $$ on stupid sh!t - but oh well. Here's my reasoning (and feel free to flame me), but I live my life a quarter mile at a time - just kidding, but that's too easy. Seriously, I live my life to the fullest and drive nice cars, live in nice areas, have nice things, go nice places, and NOT WORRY! I'm 26 so I have the rest of my life to pay off debt.

Depending on how old / young you are may determine your spending habits. Enjoy your life and $. Just my $.02.

 

4Motto,

The only problem with that is that you will soon find yourself too old to catch up and have enough in savings to support yourself in the life you've gotten used to when it comes to retirement.

I'm not one to say don't enjoy life while you're young enough to do it, but you might want to balance that with a little preparation for your future.

More than anything, the key is a disciplined investement strategy. Factor in the life you have and the things you want and you'll know how much you need to set aside to maintain that lifestyle...

 

Then what are kids for?

(j/k) - I hear ya!

 

BTW Brant...

What's up with the girl from last week? Any luck?

 

Well said.

 

Funny, I've just been doing some research on this recently.

As of RIGHT now, I have just turned 26, and am COMPLETELY debt free... and asset free. I've got about $15,000 in the bank. I was going to buy an S2k next year, but am now rethinking that decision. I've been thinking about buying a house and renting it out to pay for the mortgage. I currently live at home () and have no intention of changing that for at least another year. What do you guys think? I make decent money, is real estate (in a currently VERY VERY hot market) a good idea right now, or buy the S then get into real estate? I don't know!!! (And I know zilch about real estate investing, was planning on buying some books and starting my research).

 

[QUOTE]Originally posted by 4Motto
[B]BTW Brant...

What's up with the girl from last week?

 

This is pretty interesting, some people enjoy life being debt free!

My advise to young people is always don't get into debt over stupid shit like clothes and decor stuff. Be cautious of credit cards, they are useful tools when used carefully. A house is good debt, a car, maybe ok. But not silly toys! And remember bad credit will haunt you for years and your chance for a low rate mortgage.