Quinc
Buy a Superjet
- Location
- California
Met a guy at the Pismo ride that was in his 60's and killing it on a SXR. Also there a difference between wanting to work and having to work.
Dave Ramsey, debt, credit cards, retirement, etc
- Thread starter SuperJETT
- Start date
Met a guy at the Pismo ride that was in his 60's and killing it on a SXR. Also there a difference between wanting to work and having to work.
Mark44
Katie's Boss
- Location
- 100% one place
Agreed, I quite work at 48 and now when I work its because I want too.
OCD Solutions
Original, Clean and Dependable Solutions
- Location
- Rentz, GA
There are plenty of guys who will easily surpass that age for riding. Go back and check the age poll thread.
http://www.x-h2o.com/index.php?threads/what-is-your-age.124693/
http://www.x-h2o.com/index.php?threads/what-is-your-age.124693/
- Location
- Washington
Invested in my first property a few months back. Went in 50% with my dad. It's a 8-unit duplex complex. It will pay for itself every month and bring in a chunk of change to rollover into a future property.
Sent from my iPhone using Tapatalk
Sent from my iPhone using Tapatalk
- Location
- sunbury ,ohio
Let me see ......... I been retired 15 months Im 55+
and I still rip the surf , but yea there wont be many of us / well done on your finances Brice, great thinking , some people need guidance others can figure it out on their own so thats where Ramsey can help . Retirement a Farce you say
?? hahha no way ! ...... Im not going back to work for anybody , every day is a day of my life and I will trade it to no one for money any more '' I did 37 years of working for the man ''. I have many interests and hobbies and like to travel , I cannot do that when Im tied up working for somebody for the day . I say let the young people have the jobs who need to support a family , I would have retired even sooner if I knew it was this much fun, the world is a BIG place and I want to do what I was not able to when I had to work every day to raise the family ! . So IMO Retirement is not a Farce ... Its Fantastic ! Next time your dragging your ass out of bed at 6 am wishing you did not have to go to work ....... Think of me, as ill be doing what I 'want' to do that day as I am trading a day of my life for it and wont be selling it for cash ! Gee what would ramsey say to that LOl.... He still has to work !
and I still rip the surf , but yea there wont be many of us / well done on your finances Brice, great thinking , some people need guidance others can figure it out on their own so thats where Ramsey can help . Retirement a Farce you say ?? hahha no way ! ...... Im not going back to work for anybody , every day is a day of my life and I will trade it to no one for money any more '' I did 37 years of working for the man ''. I have many interests and hobbies and like to travel , I cannot do that when Im tied up working for somebody for the day . I say let the young people have the jobs who need to support a family , I would have retired even sooner if I knew it was this much fun
, the world is a BIG place and I want to do what I was not able to when I had to work every day to raise the family ! . So IMO Retirement is not a Farce ... Its Fantastic ! Next time your dragging your ass out of bed at 6 am wishing you did not have to go to work ....... Think of me, as ill be doing what I 'want' to do that day as I am trading a day of my life for it and wont be selling it for cash ! Gee what would ramsey say to that LOl.... He still has to work !
- Location
- La Crosse, WI on the BIG River
My point was your 20 year old self will rip harder than you ever will after 55. I ride with ROBODAD, he's 70+? But does he drink and chase tail after riding all day, that's what I thought. I'm speaking to my Generation(Y). Most of us won't/didn't have kids until age 25+, if not 30. Looking at current trends, we're going to be working until 67 and living until 100. That means you're best earning years are later also.
You've been retired less than two years! Just wait, you'll spend time doing something that brings in money at some point before you pass on, even if it is fun or a hobby. ROBODAD invented the Robo-Tow, and we all love it.
I agree with your let the younger crowd work, but tell that to the rest of the baby-boomers still punching the clock. If I could go back and tell my 20 year old self to dropout earlier and do more with my youth, I would! You can't put a price on youth or experience, but you can put a price tag on school/education. I'd rather work in my later years part time and have more free time NOW!
I've been working since age 10 doing paper routes, mowing lawns, shoveling, or fixing computers. I still enjoy doing all 4 of them. I never drag my butt out of bed, I jump out with excitement. I ENJOY my career for multiple reasons, the biggest being freedom to take multiple vacations a year and work from anywhere if needed. I sent an email to our owners three weeks ago telling them "I love working for your company!" My co-worker is 63, he does exactly what I do. He says he could retire, but he's waiting on his wife to. My next move is working less hours(less than 40) and getting paid the same, so I can spend time with kids when the time comes.
you're retired and I still ride more than you, I'm going to ride tonight in the rain. BRAAAP!
You've been retired less than two years! Just wait, you'll spend time doing something that brings in money at some point before you pass on, even if it is fun or a hobby. ROBODAD invented the Robo-Tow, and we all love it.
I agree with your let the younger crowd work, but tell that to the rest of the baby-boomers still punching the clock. If I could go back and tell my 20 year old self to dropout earlier and do more with my youth, I would! You can't put a price on youth or experience, but you can put a price tag on school/education. I'd rather work in my later years part time and have more free time NOW!
I've been working since age 10 doing paper routes, mowing lawns, shoveling, or fixing computers. I still enjoy doing all 4 of them. I never drag my butt out of bed, I jump out with excitement. I ENJOY my career for multiple reasons, the biggest being freedom to take multiple vacations a year and work from anywhere if needed. I sent an email to our owners three weeks ago telling them "I love working for your company!" My co-worker is 63, he does exactly what I do. He says he could retire, but he's waiting on his wife to. My next move is working less hours(less than 40) and getting paid the same, so I can spend time with kids when the time comes.
you're retired and I still ride more than you, I'm going to ride tonight in the rain. BRAAAP!
- Location
- sunbury ,ohio
Quote : '' we're going to be working until 67 and living until 100 '' I agree with you'll work till your 67 ..... but from what I have seen if you hit 80+ and start to see what old age has in store for you ...... you might not want to live to 100 ! and BTW you have to make it to 67 first , a lot of folks dont get that far !! its all about luck and genetics ! as far as the other baby boomers I have told them .. work to live /dont live to work .
Ducky
Back in the game!
- Location
- Charlotte, NC
Yea? Well Old, Financially stable guys crack me up so ha!
SpaceCowboy
breaking something
- Location
- Ypsilanti Michigan
Quote : '' we're going to be working until 67 and living until 100 '' I agree with you'll work till your 67 ..... but from what I have seen if you hit 80+ and start to see what old age has in store for you ...... you might not want to live to 100 ! and BTW you have to make it to 67 first , a lot of folks dont get that far !! its all about luck and genetics ! as far as the other baby boomers I have told them .. work to live /dont live to work .
That is one of my favorite sayings! I work to live for sure! Getting the money to do what I want once the 40 hours hits is where its at. I don't care what work you do the feeling when you are upside down in mid air and have nothing but gravity in control, no job will give you that.
- Location
- La Crosse, WI on the BIG River
I know they have all these plans(cough Jet Dreams) not ruined by bad choices or kids! (I'm 30 and plan on devoting my 30s/40s to raising my kids. I did most of the crazy stuff already!)
I have two living grandmas, one will be 93 and the other 84 this April. 93 is in a home, mentally she has dementia, physically she can beat Pneumonia. 84 is alive and well still traveling the country, goes on Facebook daily, still drives in town. Both volunteer(ed) locally at the library or schools. Both my grandpas were smokers, in a war (WWII and Korea), and lived off stuff cooked in too much butter. One died at 75 the other 78. I think I'm fine Genetically speaking....but your grammar isn't.....
is your engine back together? Clinton Lake is in less than two weeks!
I have two living grandmas, one will be 93 and the other 84 this April. 93 is in a home, mentally she has dementia, physically she can beat Pneumonia. 84 is alive and well still traveling the country, goes on Facebook daily, still drives in town. Both volunteer(ed) locally at the library or schools. Both my grandpas were smokers, in a war (WWII and Korea), and lived off stuff cooked in too much butter. One died at 75 the other 78. I think I'm fine Genetically speaking....but your grammar isn't.....
is your engine back together? Clinton Lake is in less than two weeks!
Quote : '' we're going to be working until 67 and living until 100 '' I agree with you'll work till your 67 ..... but from what I have seen if you hit 80+ and start to see what old age has in store for you ...... you might not want to live to 100 ! and BTW you have to make it to 67 first , a lot of folks dont get that far !! its all about luck and genetics ! as far as the other baby boomers I have told them .. work to live /dont live to work .
OCD Solutions
Original, Clean and Dependable Solutions
- Location
- Rentz, GA
Hindsight is 20/20. Young folk think they have it all figured out but life has a funny way of throwing curve balls at you. You can absolutely plan for things you are aware of but there is a huge world of possibility (positive and negative) that you just can't see coming. That's why they call it experience, because you have to experience things to get it.
When i was 26, I sold off two of three properties I had and devoted an entire year of my spare time and 6 years of investments to building a house on a local lake. I was going to make a killing and this was going to be what kick started me down the path to having a $250K home bought and paid for before I turned 35. My first appraisal came in at $235K before the house was even finished and I was only into it for $153K.
Less than 8 months after completion, the economy tanked and I was forced to leave the province to find work. I carried my mortgage payment for 18 months before I was finally able to sell the house for $142K.
Thankfully I went to work in Alberta during a boom and made more than enough money to recoup my losses. I learned a very valuable lesson though and now walk a very fine balance between work and play. I pay cash whenever possible, have no credit debt other than my home and only spent money on things that either make money or prevent me from spending more.
When i was 26, I sold off two of three properties I had and devoted an entire year of my spare time and 6 years of investments to building a house on a local lake. I was going to make a killing and this was going to be what kick started me down the path to having a $250K home bought and paid for before I turned 35. My first appraisal came in at $235K before the house was even finished and I was only into it for $153K.
Less than 8 months after completion, the economy tanked and I was forced to leave the province to find work. I carried my mortgage payment for 18 months before I was finally able to sell the house for $142K.
Thankfully I went to work in Alberta during a boom and made more than enough money to recoup my losses. I learned a very valuable lesson though and now walk a very fine balance between work and play. I pay cash whenever possible, have no credit debt other than my home and only spent money on things that either make money or prevent me from spending more.
Quinc
Buy a Superjet
- Location
- California
Don't wait too long, are you are not going to be able to keep up with your kids!
- Location
- La Crosse, WI on the BIG River
ha, I don't have everything figured out. please don't make that assumption. Much more humble than I type (I just don't approve of Ramsey's methods!).
I didn't get a raise for two years at my first job/internship, due to the 2008 crash. My entire generation got lied to or undersold about the job market. You and every other property owner were told your house would appreciate every year...than 2008 happened. My dad sold real estate, he has since switched jobs and now sells industrial light bulbs.
You did have the skills to re-coup. That's one of my first rules for employment, keep yourself desirable in more than ONE field. I dread the day computers program themselves or kids in Africa write good code for pennies.
I didn't get a raise for two years at my first job/internship, due to the 2008 crash. My entire generation got lied to or undersold about the job market. You and every other property owner were told your house would appreciate every year...than 2008 happened. My dad sold real estate, he has since switched jobs and now sells industrial light bulbs.
You did have the skills to re-coup. That's one of my first rules for employment, keep yourself desirable in more than ONE field. I dread the day computers program themselves or kids in Africa write good code for pennies.
Mark44
Katie's Boss
- Location
- 100% one place
So true, too.............
What are his methods that you don't like?
(realize I'm not a 100% DR follower, like anything I read and educate myself then make the best decision for myself given what I know about it)
- Location
- La Crosse, WI on the BIG River
1. $1000 emergency fund is to generic and not enough.
I have over $1000 in payments/debits on my checking account in less than two weeks (as an example)
2. Paying your lowest credit card payments first.
If you need his plan, good chance your credit score isn't great, so opening some 0% CCs now won't hurt your score when you're out of debt in a few years. He doesn't mention other options(I read the first few paragraphs, rolled me eyes, laughed, and quit reading.)
There's a word for people who put their names on silly 5-10 step plans and then spews it to the masses:
I have over $1000 in payments/debits on my checking account in less than two weeks (as an example)
2. Paying your lowest credit card payments first.
If you need his plan, good chance your credit score isn't great, so opening some 0% CCs now won't hurt your score when you're out of debt in a few years. He doesn't mention other options(I read the first few paragraphs, rolled me eyes, laughed, and quit reading.)
There's a word for people who put their names on silly 5-10 step plans and then spews it to the masses:
Ducky
Back in the game!
- Location
- Charlotte, NC
The $1000 dollars is not really the emergency fund.....its more of a save $1000 quick because that should be enough for random expenses like your car needing work, then work towards your real emergency fund.
He goes on later to state that you really need 3-6 months worth of income saved up for a real emergency fund..
He goes on later to state that you really need 3-6 months worth of income saved up for a real emergency fund..
And there you go. Before you completely dismiss something, find out what it actually is about. Step 3 is the continuation of step 1, and the $1000 is not for your payments/debits.
- Location
- sunbury ,ohio
Birdie : My eng is back together but I cant do flatwater unless there were no other place to go ... At least there is possibility of waves in VB so Ill chance it ! However Ill see ya at the next flat one when I have no surf to go to .
FYI My Grammar is just fine bro ,but as this thread indicates its your comprehension thats out -a-wak ! ski ya later !