Dave Ramsey, debt, credit cards, retirement, etc

SeaLion · Oct 15, 2007

SuperJETT said:
Yahoo article: http://finance.yahoo.com/banking-budgeting/article/103379/Top-10-Money-Drains

Top 10 Money drains:

1. Coffee -- $360 per year.
2. Cigarettes -- $1,660 a year.
3. Alcohol -- $3,650 per year.
4. Bottled water from convenience stores -- $365 per year.
5. Manicures -- $1,068 per year.
6. Car washes -- $348 per year.
7. Weekday lunches out -- $2,350 a year.
8. Vending machines snacks -- $260 per year.
9. Interest charges on credit card bills -- $4,868 in interest (over time).
10. Unused memberships -- $480 per year.

Surprisingly, brap-juice wasn't on there.

I quit 1,2,3 and 7 all at the same time a few years ago on Christmas eve. I think it paid off my vacation home.

Time Warner cable in Los Angeles had the Fox Business channel. I saw Dave's first episode. I have to say it was good. I have listened to a few of his archives shows here and there but I like the cable show more. It is only one episode afterall, but I guess I am a visual person?

Speedfreak · Oct 15, 2007

SuperJETT said:
1. Coffee -- $360 per year.
2. Cigarettes -- $1,660 a year.
3. Alcohol -- $3,650 per year.
4. Bottled water from convenience stores -- $365 per year.
5. Manicures -- $1,068 per year.
6. Car washes -- $348 per year.
7. Weekday lunches out -- $2,350 a year.
8. Vending machines snacks -- $260 per year.
9. Interest charges on credit card bills -- $4,868 in interest (over time).
10. Unused memberships -- $480 per year.
11. brap-juice

WoW I wish I done a few of those things so I could see the extra money. But I have never done any of those. Well lunch that is all but I cut it down to 1/2 the time and then number 11 that will be a hard one to break....

vitaly · Oct 16, 2007

SuperJETT said:
Yahoo article: http://finance.yahoo.com/banking-budgeting/article/103379/Top-10-Money-Drains

Top 10 Money drains:

1. Coffee -- $360 per year.
2. Cigarettes -- $1,660 a year.
3. Alcohol -- $3,650 per year.
4. Bottled water from convenience stores -- $365 per year.
5. Manicures -- $1,068 per year.
6. Car washes -- $348 per year.
7. Weekday lunches out -- $2,350 a year.
8. Vending machines snacks -- $260 per year.
9. Interest charges on credit card bills -- $4,868 in interest (over time).
10. Unused memberships -- $480 per year.

Surprisingly, brap-juice wasn't on there.

I don't do 1, 5, 6 and 10, so I must be in a pretty good shape.

romack991 · Oct 16, 2007

Paid off my truck today! Only debt I have left is a college loan which is at a 1% fixed rate so I just dont care about it. Setting up my mortgage to have automatic payments for a 15yr loan and I think I can start investing a bit. (already paying into 401K)

It's nice to know I don't owe anyone for my truck.

Flyinbysti · Oct 16, 2007

I have been paying the max allowed for matching into my 401K and have been investing half of the money I made from when I was 15-18yrs old. Have few other investments on the side I'm 27now and think I should be on target with what I want for retirement.

SuperJETT · Oct 16, 2007

The thumbrule I hear is 25 times your salary, so if you make $50k now, you need $1.25mil at retirement. Take out 4% of that per year and you have $50k.

jetskiier · Oct 16, 2007

SuperJETT · Oct 17, 2007

This will be us very soon...

(not our's)
YouTube - Debt Free!!!!!

Peter123 · Oct 26, 2007

Nice.

Are you going to make a sweet donation to X-H2O? lol

vitaly · Oct 26, 2007

yamasaki said:
i know i use a riskier route than you do jett.. but dam, the stock market is like getting free money.. this is a return i just got in the mail today from a $1,500 investment... bye bye credit card balance 1 of 2!!!!

:thewave: :bigok: :usa2:

You still have to pay tax on this.

douglee25 · Oct 26, 2007

yamasaki said:
i know i use a riskier route than you do jett.. but dam, the stock market is like getting free money.. this is a return i just got in the mail today from a $1,500 investment... bye bye credit card balance 1 of 2!!!!

:thewave: :bigok: :usa2:

What did you invest it in? How long did it take to achieve that return?

Doug

Big Kahuna · Oct 26, 2007

or did you cash out.

vitaly · Oct 26, 2007

godaddy?

SuperJETT · Oct 29, 2007

This is the week, check my sig.

vitaly · Oct 29, 2007

SuperJETT said:
This is the week, check my sig.

The Penguin · Oct 29, 2007

should I listen to the show on Wednesday to hear you call in and mkae your announcement? :biggrin:

SuperJETT · Oct 29, 2007

On Friday hopefully, if we can get through on the phone lines. I'll post in here once I'm on hold.

Moondance · Oct 29, 2007

Being debt free involves more than just getting there. It also requires the dicipline to stay that way.

SuperJETT · Oct 30, 2007

Oh Cha-ase, come here, I've got something for you.

Whack!

I need to update my sig countdown.

We're DEBT-FREE!!!!!! (except the mortgage)

jetskiier · Oct 30, 2007

Congratulations, now its time for an EME 1000. Just joking, it feels great to start working for yourself rather than the bank.

Dave Ramsey, debt, credit cards, retirement, etc

SeaLion

Jet Ski Junkie

Speedfreak

vitaly

Анархия - мать порядка!

romack991

homebrewed

Flyinbysti

Rad Dudes

SuperJETT

So long and thanks for all the fish

jetskiier

X

SuperJETT

So long and thanks for all the fish

Peter123

C-Note

vitaly

Анархия - мать порядка!

douglee25

m3booooy

Big Kahuna

Administrator

vitaly

Анархия - мать порядка!

SuperJETT

So long and thanks for all the fish

vitaly

Анархия - мать порядка!

The Penguin

triple secret probation

SuperJETT

So long and thanks for all the fish

Moondance

Just plain me....

SuperJETT

So long and thanks for all the fish

jetskiier

X