@obsolesce said in Random Thread - Anything Goes:
@eddiejennings said in Random Thread - Anything Goes:
@phlipelder said in Random Thread - Anything Goes:
@eddiejennings said in Random Thread - Anything Goes:
Small victories in life are often the sweetest! As of about 10 AM today, I paid off my car loan. The taste of freedom being being debt-free is so nice.
Both our vehicles were paid off this summer. We've been eyeing the idea of purchasing a 3500 series diesel for a 5th wheel trailer.
But I ain't gonna pay $85K+ for a truck.
The used vehicle market up here is nuts right now. Any truck for sale doesn't get below 70% of retail unless it's a wreck.
And yes, it is a good feeling.
We're putting the extra cash flow into fun things with the fam.
My next goal is building some general savings. I'm putting a good bit away for retirement, but I need to increase my more liquid savings that's easily accessible in case of hardship.
@eddiejennings said in Random Thread - Anything Goes:
@phlipelder said in Random Thread - Anything Goes:
@eddiejennings said in Random Thread - Anything Goes:
Small victories in life are often the sweetest! As of about 10 AM today, I paid off my car loan. The taste of freedom being being debt-free is so nice.
Both our vehicles were paid off this summer. We've been eyeing the idea of purchasing a 3500 series diesel for a 5th wheel trailer.
But I ain't gonna pay $85K+ for a truck.
The used vehicle market up here is nuts right now. Any truck for sale doesn't get below 70% of retail unless it's a wreck.
And yes, it is a good feeling.
We're putting the extra cash flow into fun things with the fam.
My next goal is building some general savings. I'm putting a good bit away for retirement, but I need to increase my more liquid savings that's easily accessible in case of hardship.
Make sure you plan appropriately...
Below is best case IMO.
I'd aim to put enough away to have $3M+ minimum by 2053.
Inflation is driven by the amount of fiat currency printed by a central bank.
It's actually in the banker's best interest, no pun intended, to keep printing that money.
It's why a $35K truck two decades ago is now $65K.
Real estate is somewhat resistant to this, but the catch is that the market bubble always busts bursts. Knowing the signs is key.
My Gram taught me a lot about real estate as she was a speculator's manager in Shanghai (Yeah, China before Mao).
We've done well since our first purchase in the middle 2000s before the bubble burst in '08.
The crazy amount of money being printed over the last year has wiped out any gains we had on our current property though the rush out of the city has helped to keep the price propped up.
Know the signs.