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What would you rather have/be
Gotteskrieger
Member Posts: 3,170 ✭✭
What would you rather have? a ton of money and live poor or live high on the hog but no savings? I hear over and over "you can't take it with you" These people have all the toys,they are making the payments , enjoying life but no savings.
Comments
Bode
P.S. I also live in the country and have two horses, three dogs, three cats and two rats, (my daughter's).
(plus, i can take the stuff, and sell it if i need money) [:D][:D]
Travis seems to have learned the lesson without being taught it, and at a young age. He has been turned down for rental houses because he had no credit rating, when he could have written a check and bought the house outright. The boy will be rich one day.
Ok, that wasn't one of the options. But I've got my retirement $ in good shape and have all the goodies I need. I just need the time to enjoy them.
I like having a nice savings account
To answer your question, hoarding money at the expense of happiness is not wise. Although having no savings is imprudent. And going into debt to have toys is submitting to slavery.
You can't take it with you, but you can pass it on to your children.
I like having a nice savings account
Bingo!
Travis seems to have learned the lesson without being taught it, and at a young age. He has been turned down for rental houses because he had no credit rating, when he could have written a check and bought the house outright. The boy will be rich one day.
Same here. I have a small amount of extra money saved up in case of a rainy day or if something were to happen, yet I do have some nice toys. Also, I have a few toys that I know I could sell quickly and for a decent amount of money if I needed it tomorrow.
Jon
As far as toys, toys mean different things to different people. Quads, boats, jet skis.....no interest in any of them, maybe a quad someday if it comes for the right price.
I'm just humble, I was raised that way.
Poor is a frame of mind.
second choice is current new america...and look where its leading the nation....[:0][;)]
Former Member U.S. Navy Shooting Team
Former NSSA All American
Navy Distinguished Pistol Shot
MO, CT, VA.
That is priceless.
Somewhere in between. I will have money in the bank, yet I will indulge myself when I choose to. If I want a toy, or need something essential, I write a check for it. Ain't going hat-in-hand to some banker and ask pretty-please can I borrow some of your money. It's bad enough that I have a mortgage, but I got that before I learned how to live well within my means and pay cash for everything.
Travis seems to have learned the lesson without being taught it, and at a young age. He has been turned down for rental houses because he had no credit rating, when he could have written a check and bought the house outright. The boy will be rich one day.
Very rare today to see young folk with economic sense. He was paying attention. One thing I have learned is that you make your money on the purchase, not the sale of the item. My folks were the same way. If Dad didn't have the money to buy something outright, he did without until he did have the cash. That common sense was quickly put into use when I got older.
I've never believed money good for anything except wiping your *. It's only the stuff money can get for you that's important.
Of course, I would like to have a ton of money available too to get more stuff![;)]
Balance
Saving side:
We have a 401K but I don't contribute the max. I could.
We have few months pay in the bank incase of .... whatever
We have cash in the safe incase of a Hurricane or Flood.
Spending side:
We go out to eat someplace nice about once a week when we are at home
We go see movies we want
Just got her a new (used) vehicle, paid cash
We go on vacation (inside the US) three or four weeks a year.
I shoot almost all I want almost every weekend.
I get maybe one or two new guns a year
We are still careful to get good value when we spend, mostly sometimes to do or get something really nice you have to pay the going rate. Most purchases we are careful, like getting her a used car, low mileage, under book value, not new car depreciation. I reload, I could spend on factory ammo but why? I would rather be reloading than watching TV or reading and posting here. I do spend a little more on .22 ammo, I like the accuracy and reliability of Target Match .22 ammo but I am not buying Eley, just good Federal, Agulia or Wolf.
I am not beyond picking stuff out of the trash. The computer I use in my shop is a road side salvage job. Runs fine and does the job, I pick up ammo and brass that people leave where I shoot. I hate to see things go to waste, the waste in this country is a blemish on our society. I dig lead out of the berms too. I take our aluminum cans to the scrap dealer because they stopped curb side recycling.
I think that you can spend and enjoy and save and not waste. Balance, I don't think you see much about balance in Christian Doctrine, some but not much and you don't hear it from the pulpit. Eastern religions it is a strong message along with respect for elders.
quote:Originally posted by Rack Ops
You can't take it with you, but you can pass it on to your children.
I like having a nice savings account
Bingo!
A FICA (sp?) insured Savings account[:p]
Always have a few months worth of money for emergencies.
I've got enough put back to bury me and maybe keep the wife from starving. That's about all.
I think I have all the bases covered.
Life insurance on me for the Wife and Kids
401K and pension.
Still enough left over to live pretty good.
If the market or country go off the deep end or I die there will be a few things I will have wished I had done but I am slowly working on them.
Our oldest car is 4years old and the only debt we have is the mortgage, and I have enough in the bank that if a toy comes along I want I can buy it.
I sold off 29 firearms to pay for this toy with no regrets ... I don't care what anyone says, the fewer payment you have to make, the less stressful life is [;)]
? otherwise, you'll find an excuse.