Slap!

Steve

 

Last year I had TWO S2000s. Two months ago I had a baby. Today I have zero S2000s. I never expected a baby but it happened. Now that I no longer have 2 expensive toys I'm saving ass loads of money. It feels good to not live check by check. wait till the s is paid off and see how it feels

 

To echo jeggy, pay off your S before you do a major mod like a turbo.

 

Exactly.

 

this. always eliminate debt prior to "investing" or buying such big ticket wants....

also, coming from a guy with a turbo (that has had ZERO problems over 3 years)...sometimes i wish i was still NA

 

Silly goose. S2000s are for turning. Leave FI to the "m0ar powaH" guys... best decision you ever made was buying the RR... selling it... not so much (in my not so humble opinion)...

The fastest FI S2000 is far less streetable and far more expensive to run than a bone stock 600RR. *wink*

 

<semi-political rant>PS: Buying a place is a joke nowadays... if you do plan on settling down... one day (hopefully) you'll retire and may be on fixed income.... what happens if the assessed property value goes up and your fixed income... well being fixed... doesn't?

Back taxes and government thef... err confiscation. The power to tax is the power to take away... ownership is an illusion in this (and many other) countries</semi-political rant>

 

I believe you inadvertently bring up a good point: Don't buy things you can't afford. (or in this case, continue to afford)

Any purchase requiring a form of a loan and / or annual taxes, ESPECIALLY a home or property, requires a tremendous amount of foresight, which may, by definition, prove to be wrong over time. Make sure you can very comfortably continue to make the necessary payments for years to come, even if things change. Just because you can afford something now doesn't always mean you can continue to do so.

Many people got burned recently by buying houses that were, quite frankly, way out of their league, thanks to unrealistic loans. If it looks too good to be true, it probably is.

<personal opinion>I *personally* don't have much sympathy to those who get themselves into these kind of messes when they attempt to live a lifestyle that they can't afford. Likewise, I wouldn't expect much sympathy if I screwed up similarly. I took a risk with my current S2000, but I was in a financially stable enough situation to do it; however, I would have expected "i told you so" comments from many of our esteemed members here.</personal opinion>

 

Harry...

Old-fashion views and practices regarding financial maintenance, technical innovation, and American manufacturing is what made this country great.

Which one of these are we at a micro level have been maintained...how about at the macro level?


...my last car loan payment was in July '02. It was a loan that I got married into. If things go according to plan, my last house payment should be in the near future. Then it's REALLY time to start building wealth. I really wish I understood day to day and month to month cash flow better when I was in my early 20's. My financial health would have been better for it.

 

We're wired for instant gratification. Trying to teach a 20year old about retirement savings and the magic of compound interest is usually pretty futile. Not the next but certainly a forseeable economic crisis will come when Gen X/Y look to retire and realize they didn't save enough and no one wants to hire a 50/60/70 year old.