Big Life Purchases Question
Once you own your home and car (maybe even a 2nd mode of transportation) what are you going to blow your money on?
A boat?
A vacation property?
"experiences?"
Just save for retirement to rot?
What?
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Results 1 to 15 of 15
Thread: Big Life Purchases Question
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11-11-2021, 01:05 AM #1Methodological Naturalism
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Big Life Purchases Question
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11-11-2021, 01:44 AM #2Osawatomie John Brown
- Join Date: May 2010
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I'm considering diversifying my investments. Rental properties, a laundromat, maybe eventually a self storage business.
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11-11-2021, 01:49 AM #3Methodological Naturalism
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\Originally Posted by StoliFun
So working after your done working?
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11-11-2021, 01:54 AM #4Md, Misc, Old-Brah
- Join Date: Jul 2011
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Younger Man Priorities were:
Retirement
Kid's College Fund
Middle Aged Man Priorities are:
Retirement
Vacation Place
Helping Kids
Experiences
Old Man Priorities will be:
Medical/Long Term Care
RopeEarly AM workout crew.
Holy crap dude, Satan's huge crew.
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11-11-2021, 02:23 AM #5Pronoun: Phaggot/Genius
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My personal philosophy as long as you’re on track for retirement and any savings for your children Ie college savings do whatever the F you want with your money. You only live a short time on this planet, don’t live it hording cash.. you can always make more money if you’re not brain dead, but you can never get more time to do the things you really want to do.
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11-11-2021, 02:29 AM #6
If you would rather be doing anything else other than your job, I would use that extra money in figuring how to make that anything your job instead of purchasing useless 2nd vehicles.
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11-11-2021, 02:37 AM #7Registered User
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OP I wpupd make sure you really own your home and vehicles first and not just making payments. Until then, you are broke. After that, Pepsi and sloots.
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11-11-2021, 02:45 AM #8Registered User
- Join Date: Jan 2013
- Location: United Kingdom (Great Britain)
- Age: 32
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Travel / holiday / experiences
Eating out / socialising / seeing friends
Hobbies / Cars / Motorbikes
Investments
Real Estate / Vacation Properties / Rental Properties
Multi-generational wealth for kids/grandkids (weddings paid for, houses, deposit for houses, trust funds)
Charity / Philanthropy
Building a legacy or something that helps make other peoples lives better or easier.
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11-11-2021, 02:49 AM #9Osawatomie John Brown
- Join Date: May 2010
- Location: Cypress, Texas, United States
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I'm 37. I'm not looking to retire soon. My stock portfolio has been doing well for a long time now. The rental properties would be as much for the investment potential as the cash flow, and the storage lot idea has been in the back of my mind for a while. I'd need to find a good partner to live on site and manage the day to day for like 75% of the year.Originally Posted by tk217
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Kurt Russell, Ray Winstone, Mickey Rourke Crew
"The dominant economic order rests on unofficial dependency and official individualism. Survival requires the transposition of these two ideas: official solidarity and unofficial individualism."
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11-11-2021, 02:51 AM #10Banned
- Join Date: Mar 2021
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real doll
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11-11-2021, 02:58 AM #11Registered User
- Join Date: Apr 2021
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Just gonna give the rest to the poor
Beans. Cleans. Gasoline.
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11-11-2021, 04:10 AM #12Registered User
- Join Date: Mar 2019
- Age: 54
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I went boats, snowmobiles, ATVs, Jet ski, and other outdoor gear. Done buying stuff now, just maintaining what I have and life is good.
Do side work occasionally for cash, but I never bought anything I don't have the cash for.
Bought a second 3 acre property a few years back and will build another house on it in a year or so. Property has already doubled in value, so was good to buy when I didSee BrianDaMans sig.
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11-11-2021, 05:09 AM #136'0" 200
- Join Date: Jan 2017
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Originally Posted by tk217
My kids' college education, I don't want them to start their adult life with a mortgage size debt to pay off. College costs are not reasonable anymore and are only getting worse. I used ot hope my kids got into a top 25 or even a top 10 college, now University of Illinois is looking like an incredible value, the whole 4 years is the cost of 3 semesters at a top private school. It's insane that these same schools have billions of dollars in their endowments but they financially cripple the students who go there,
Honestly, in about 10 years after my second child is through college, I'm going to have more money that I know what to do with. Between child support, expenses, and college savings there is a lot of money that will be freed up when they are done. I don't even think about it or what I will spend my money on.I'm just a white guy from the future, I'm completely out of touch
This machine is obsolete
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11-11-2021, 05:10 AM #14Registered User
- Join Date: Apr 2012
- Location: Alberta, Canada
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YesOriginally Posted by tk217
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11-11-2021, 05:22 AM #15Living in 3024
- Join Date: May 2010
- Location: Georgia, United States
- Posts: 15,127
- Rep Power: 182563
-Currently 5 years ahead on Mortgage
-College fund started for my niece
-College fund started for a kid that I don't even have yet
-Savings account with 6 months of expenses in it
-Truck paid for
-Retirement account going
Just dropped $6k on a project car about 5-6 weeks ago and have dropped $1500 on it with another $7k (projected) that I need to drop.
Other than that, just more savings/investments/projects/travel
Wife and I have talked about buying a rental house or property, but haven't made any moves on it yet.
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