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Knyteguy posted:It's a lot of work keeping a thread going, so sometimes I neglect it, especially with a 7 month old child and a wife who deserves attention as well. More like "especially when I do stupid things and don't want to admit to them." Knyteguy posted:I felt like I was in a bit of a catch-22 budgeting for the car. My family, my wife's family, and even my boss has been encouraging me to get one, but I kept holding out for finances and stuff. Finally I just gave in and tried to do it reasonably. That's not to say I didn't want one of course, either. I came to the conclusion after much thought. How is budgeting for a car a catch-22? Step 1: I want a car. Step 2: I see some priced cars for $2k. Step 3: I'll save $200/mo for 10 months, or $400/mo for 5. Knyteguy posted:Edit: also why don't you just go ahead and tell me what your deal is? I'm tired of all the snideness and passive aggressive jabs you make towards me. You are like a child who believes that not saying something out loud means it didn't happen yet. You avoided the thread, but not entirely, because you knew you messed up and you didn't want to "get in trouble." This is not healthy behavior, even if it's just a bunch of strangers on the internet. Strangers you invited into the discussion by starting this thread. Live your life and cop to it. Asses who you are, really, and how committed you are to your financial wellbeing. Or buy some more unplanned thousand-dollar items, that's more entertaining.
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Sep 18, 2015 23:34
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Good for you for side hustling. Just follow through. That's the real problem with the idea - I haven't seen you follow through on a side business, or if you have you haven't really told the thread about it. Are you selling the microscopes FBA? I'm confused as to why you haven't tried to apply knowledge gained with that into something potentially bigger. You have to find a hungry marketplace. You can't just come up with ideas that sound fun or interesting. I know you know this. Delivering pizza is a joke. Infinitely more people get ahead with side businesses that do well than minimum wage jobs. Dave Ramsey has some good ideas, pizza delivery is not one of them. Or maybe I'm wrong, it's not like most people are equipped to run a business, so maybe for most people pizza delivery is a better option. But you have skills and can do better. Spend your free time on side businesses and with your family.
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Sep 19, 2015 00:13
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Inverse Icarus posted:More like "especially when I do stupid things and don't want to admit to them." The disconnect here is that I am living my life and I am copping to it personally. I assessed who I am and what I wanted, and I decided I wanted the car. Your assumption on my lack of posting is incorrect. I was in a bad mood when I posted a couple of days ago (which I believe was pretty apparent) and I didn't feel like having the dialog yet. Cicero posted:You say this like it's some crazy expectation BFC is trying to impose on you, but you're the one who said he wanted to reach FI quickly. It sounds like getting a second car works against that, and you gave no reason for doing so other than "I wanted one so there". I do. For me the car was a weighing of practicality vs finances. I mean MMM just posted this: https://www.facebook.com/mrmoneymustache/photos/a.532540643427634.141152.215290341819334/1135832503098442/?type=1 so it's still viably within the gamut of FI. I went with a car I found to be pretty reasonable, too. This car will enable me to go to interviews, my buddy wants to get coffee to discuss that job opening next week and I can say yes without worrying about how I'm going to do it, etc. It will be much easier to explore opportunities without worrying about having to work around everyone's schedule. My next point re: FI: right now, being frank, I don't think my wife and I can reach FI in a reasonable time frame at our current income levels. If we were making way more money, with way more room to cut, then it would be completely different. Instead of cutting down to rice and beans levels (I'm being hyperbolic to an extent) I'm trying to focus on increasing the amount we pull in. If we saved about what we can save on a tight budget every month for the next 10 years, we would be about 20-30% of the way to being FI. Even MMM and his wife had a ton of income coming in when they became FI. So the choice I see should provide some insight into my recent actions - we need to make more money. Yes we might have a few hundred thousand saved by the time I'm 65, but I mean I could be dead, or maimed, or incompetent (perhaps even incontinent) by then. My son could have a terrible yet unknown to us disorder that will cause him to be reliant on us for the rest of our lives. This is not used as an excuse to say "well gently caress it I could die tomorrow better spend everything", instead it's acknowledging the reality of the situation. Anecdotally my grandmother is well off (she called buying the car "smart", by the way). She paid off her house in 10 years, she has a very nice nest egg (though she's never shared the details), etc. However her inability to face risk has sadly limited her for a very long time. If she hadn't been afraid of the stock market (by doing her research) then she probably would have much much more than she has now. Unfortunately her aversion to risk caused her to stick solely to CDs for 30 years of savings. She also waited 30 years to finally start her photography business (which has been wildly successful the past year or so), and she's now approaching 70. She's a nurse so it's not like she's been hurting or anything, but I know there's some regret there. She never gave her dreams a real shot until recently (I am glad she decided to give them a shot, though). imabanana posted:Good for you for side hustling. Just follow through. That's the real problem with the idea - I haven't seen you follow through on a side business, or if you have you haven't really told the thread about it. I think the microscopes have that problem of not having a strong market. I haven't made a sale in months and the margin is just too low after commission fees and Paypal fees. Someone beat me out on the FBA stuff, and their margins are even thinner (why I don't know. Perhaps it's the company itself competing.). I could probably have some luck selling at dermatologist conventions (they're most specifically for crime scene investigators and dermas), but I don't think the ceiling is too great there. Even at 10 sales non-commissioned @ $149.95 (my sale price) it would still only be $500 gross profit, and that's only if I had a presence at the convention. See yeah I see many people getting side incomes going in here, and it certainly seems like a viable option. I don't think it's easy by any means, but viable. There's been a lot of talk and about a relatively successful competing product, and many people talking about this product have wished for X feature which is what I want to deliver. I don't know if it's worth a million bucks or something, but if I could make even $50,000 off of this that would get us out of debt at least (and then some). I've followed through on exactly two since the thread has begun. The microscope company was done in roughly a weekend and I believe I finished up eBay listings just around December of the year the thread started. I also finished my little Steam program which is continually getting site users and even affiliate link clicks, but it's only made like $0.50 so far. I'm averaging about 50-60 affiliate clicks per month and it's insanely frustrating that I'm not making even small sales off of them. My lead generation company isn't scrapped, but the backend code is totally unusable due to poor planning, so I just haven't picked it back up yet. Also thanks. I needed to hear this. Anyway I'm off work now and this post is already huge. I'll be glad to continue conversing with anyone who wants to continue. I'll hit up your last post at the least n8r as it had some points I wanted to talk about. Knyteguy fucked around with this message at 01:07 on Sep 19, 2015 |
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Sep 19, 2015 01:03
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Such an accurate thread title.
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Sep 19, 2015 01:25
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Sorry buddy, but that was a bunch of dumb excuses to buy a car just because you wanted to. You stated yourself earlier that it's just a car for errands. That's stupid. My husband and I have easily shared a car for 8 years. Also, I find it suspect that you haven't told us what kind of car it is. That leans far more toward you buying it for fun and a hobby. You go to all this trouble to defend yourself, but you still can't just be honest with us. Post your budget.
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Sep 19, 2015 01:39
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*sigh* Every time you disappear from this thread for a little bit, you come back with something stupid like this. I'm not saying a car is a bad idea -- in fact, a car's probably pretty useful if you need to start interviewing around and you're only spending 2k on it. As the other poster asked: was this the best car you could get for 2k? If you can get a good deal on maintenance by having family help with it, then it might very well be. But you never mention this poo poo when it's in the planning stage to us and then you're somehow completely incapable of budgeting for it. You're running on an "it's better to ask forgiveness than permission" mindset with the thread and that's loving stupid, because we don't really care that much about what your goal is, we just want to help you meet whatever goal you decide you have. You're giving up on FI for now? Fantastic! That means you can save less aggressively and spend more on whatever dumb poo poo you want, and as long as you understand that you have chosen to make this tradeoff (your future early retirement in exchange for your present happiness), then that's fine. What are your new goals? What is your new plan for your future? What do you prioritize? Does this sound accurate (please, please feel free to fill it in better with more info)? "My name is Knyteguy. I work in software and I have a wife who works in (field; sorry, I forgot what it is) and a 7-month old son. My short term family goals are [increasing my salary, starting a successful new side business] and my long term goals are [a modest retirement in my 60s, running my own business full time, ensuring I can pay for my child's college tuition]. In order to achieve these goals, I will do [work on side businesses in my free time, follow some sort of budget]. The things I value are [being near and spending time with family, providing a comfortable life for my child, living reasonably comfortably in the present]. Things my family has currently done towards these goals are [interviewing for a better job, starting several new side businesses, wife got a new job]. Things I could work better on are [having realistic goals, not failing my budget goals, not treating windfalls as free money/relying on them as income]." Also I really do think it's good that you gave up on FI because as you've realized, you clearly don't have the control to cut your spending enough to actually make that feasible, you were setting yourself up for failure by trying, and it's not like you need FI to live a comfortable and fulfilling life and eventually retire at a regular age. I can't believe you impulse-bought a $2000 dollar car, loving hell. I couldn't even successfully talk myself into buying a new iPhone I actually budgeted for.
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Sep 19, 2015 01:49
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Two people with a baby getting by with just one car in the USA is some extreme poo poo, not any sort of reasonable expectation. I'm surprised he lasted this long.
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Sep 19, 2015 01:53
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Yeah I'm not really surprised he bought a second one, and 2k's not a bad price or anything, I'm just frustrated that he did it without telling anyone and without budgeting for it and then used "but our income is higher this month and I might sell something" as a justification.
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Sep 19, 2015 02:01
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I don't think anyone would fault KG for having a second car, but he didn't budget for it. He then goes off a buys a stupid toy and tries to justify it as some sort of a job idea when he probably just wants to watch virtual reality porn. I don't know anything about this FI bullshit, but it sounds like just another crackpot idea which is a shortcut for how people actually build financial security - which is spending less than you earn and the miracles of compound interest. You might laugh at the pizza delivery thing, but it's the sorta gig you can easily do as a second job, and if you get in at the right place you'll make far more than minimum wage. If you take all of the funds of even $300/month earned at a second job and tossed them at your high interest loans, you will be in a significantly better financial position 5-10 years down the road.
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Sep 19, 2015 03:48
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Financial independence is KG's escapist fantasy. He's much more interested in having a decent life with his wife and kid and family.
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Sep 19, 2015 04:10
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n8r posted:I don't know anything about this FI bullshit, but it sounds like just another crackpot idea which is a shortcut for how people actually build financial security - which is spending less than you earn and the miracles of compound interest.
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Sep 19, 2015 05:20
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Some of that FI stuff I've read on here seems to be crossing into the line of the weird reddit stuff along the line of nofap craziness. At this point, I'm not sure what else there can be done. KG understands what proper budgeting is, and for short periods of time he's actually implemented it. It seems like when he finally realized that a cash envelope system could really help not overspending, he had made a real big step. KG, at this point, I think you should consider finding a therapist that specializes in CBT with regard to spending. You've got all the necessary tools, but there are underlying issues preventing you from succeeding at controlling your habits.
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Sep 19, 2015 06:49
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Knyteguy posted:This is not used as an excuse to say "well gently caress it I could die tomorrow better spend everything", instead it's acknowledging the reality of the situation. Sure sounds like a bunch of horse poo poo to justify an unplanned purchase! RheaConfused posted:Sorry buddy, but that was a bunch of dumb excuses to buy a car just because you wanted to. You stated yourself earlier that it's just a car for errands. That's stupid. My husband and I have easily shared a car for 8 years. Inverse Icarus fucked around with this message at 18:00 on Sep 19, 2015 |
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Sep 19, 2015 17:55
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Right now, I'm not even sure if KG is on track for FI at 67. Isn't the monthly retirement savings amount $0?
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Sep 19, 2015 20:10
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I'm dying to know what kind of car it was, please tell us!
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Sep 19, 2015 20:56
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How many interviews are you going on where spending $2k outright, $40/month, and who knows what in future maintenance costs less than a $30 taxi ride? You need two interviews a month to justify the insurance alone. Better get crackin'!
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Sep 19, 2015 21:50
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Bro you spent 25% of your savings on a 20 year old piece of poo poo car you don't need while you have a kid. You got major problems.
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Sep 19, 2015 22:09
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the chief v2 posted:Bro you spent 25% of your savings on a 20 year old piece of poo poo car you don't need while you have a kid. You got major problems. Well it's better than financing it.
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Sep 19, 2015 23:16
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You guys wonder why I don't want to post anything sometimes.  I'm happy with the car, I'm happy we bought the car, and I'm happy with the price of the car. It was far from an impulse purchase, as my wife and I have been talking about it for months, and I've talked with all of you multiple times about it. Good god you'd think I went and financed a loving Porsche @ 12% or something looking at some of the reactions here. Yeesh. I'll be back sometime later. I spent 25% of my cash savings by the way, not my total savings. Yes we are saving for retirement, as my wife's 401k is contributing, and our HSA acts as an IRA at 59.5 or whatever the age is. I'll be meeting my buddy on Monday for that interview information.
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Sep 19, 2015 23:26
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I thought every time you talked to the thread about buying a second car the answer was, "No, don't"?
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Sep 19, 2015 23:46
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Knyteguy posted:There's some big recurring stuff that comes up often (a second car); with that said we still don't have a second car. I believe that's evidence that my impulsive tendencies aren't this force I can't say no too Knyteguy posted:So thanks for talking me out of a second car. It's unneeded. So what changed since August 18?
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Sep 19, 2015 23:47
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It was an impulse purchase knyteguy. You thought about it for "months" but the actual decision to buy it was on impulse. If it wasn't on impulse, you could have sought advice on the car. A bunch of people here supported you buying a second car the whole time, but you did it in the same old irresponsible knyteguy way, which is what the thread is trying to prevent. We want you to have the things your family needs. We don't want every large spending decision to be "gently caress it, I've been thinking about this for months and we have the savings lets just do it".
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Sep 19, 2015 23:52
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Knyteguy posted:You guys wonder why I don't want to post anything sometimes. I also want to know what changed since last month when you said you didn't need it.
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Sep 19, 2015 23:57
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Knyteguy posted:You guys wonder why I don't want to post anything sometimes. Ok Blue Story. KG: I think people are disappointed because you made forward progress and now took a regression. Its a hard lesson to take to heart, and one I don't always remember, that past success does not justify future failure.
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Sep 20, 2015 00:02
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What kind of car is it?
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Sep 20, 2015 00:03
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foxatee posted:I thought every time you talked to the thread about buying a second car the answer was, "No, don't"? Exactly. Every time I tried to talk about it I was shut down. I had to make my own choice on it since the thread would basically never support it. I'll just quote sms here. slap me silly posted:Two people with a baby getting by with just one car in the USA is some extreme poo poo, not any sort of reasonable expectation. I'm surprised he lasted this long. I'd also like to note that Rhea while you and your spouse have been sharing for you said 8 years, my wife and I have been sharing for 6 years. We've shared a car nearly our entire marriage, minus about 6 months. Inept posted:So what changed since August 18? I didn't want to ride my bike in the snow and sleet with a potential huge el nino winter coming. I was wasting about an hour a day getting ready and on the bike ride (remember the whole time thing I keep going on about?). I was tired of being stuck at home. I was tired of having to wait for my wife to get home if I needed to do anything. I had no way of getting my baby around. I had no time to run to the store in the morning for anything (absolutely nowhere to lock the bike). What if my son got sick, what if my sister got sick, what if my mom got sick, what if my baby got hurt, what if he's having such a poor night and I'm stuck at home for some reason? Can't take the baby on a bike trailer - he's too young. How can I commute off road with a bike trailer even if he could ride in it if I needed to pick him up? I was tired of being stuck at work for my hour lunch every single day. I forgot my lunch? poo poo I'm going hungry. There wouldn't be enough time to get home and back after getting everything out the door. That's probably 50% of it. Small inconveniences, and large potential troubles (some of which I ran into by the way) but they absolutely added up and I got sick of it. ITM posted:It was an impulse purchase knyteguy. You thought about it for "months" but the actual decision to buy it was on impulse. If it wasn't on impulse, you could have sought advice on the car. A bunch of people here supported you buying a second car the whole time, but you did it in the same old irresponsible knyteguy way, which is what the thread is trying to prevent. We want you to have the things your family needs. We don't want every large spending decision to be "gently caress it, I've been thinking about this for months and we have the savings lets just do it". I did seek advice on another forum asking all about the common problems, maintenance, and I shopped around for something for a long time with a budget in mind. I hit the high end of my budget, but I got the car I wanted in good condition. As far as being irresponsible with it: many times I wanted to add a second car to the budget (in fact I did at one point in the thread), and I kept getting talked out of it. I had to proceed how I thought best despite that. And I did pretty drat well buying an old reliable car for cheap. Just enough to get me around town when I need to. I totally get the fact that most people here want to help, but sometimes I think it needs to be said that we won't always see eye to eye. The fact is I was the one living without a car in Reno in the suburbs where my wife works at X and I work at Y and we have a baby that is Z months old. I don't think anyone can see that same perspective sometimes, just like I can't see everyone else's. RheaConfused posted:What kind of car is it? Let's say it's a 1995 Porsche 911 Turbo, because it matters about all that much. Horking I know you wrote a bunch. I'll get to your responses. Anyway as I said my goal is bringing in more money. Knyteguy fucked around with this message at 00:41 on Sep 20, 2015 |
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Sep 20, 2015 00:38
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That's fine KG. But why didn't you budget for it? And it does matter what kind of car it is, because part of doing this right and responsibly (besides budgeting) is to be truthful with yourself. Admit that part of your motivation was wanting a hobby to work on. The more you avoid being truthful, the less anyone wants to be helpful and supportive to you. I've tried to be encouraging and helpful here, and you're just basically smacking me in the face for that. Edit: I think you don't want to tell us because it goes against these noble reasons you're giving for buying the car. It seems pretty obvious.
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Sep 20, 2015 00:47
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I don't really care you bought a car. You should have just said months ago, look thread I am going to buy a car $2000 budget, pay cash. It may not be the most needed thing but for taking care of my family I need it. And told everyone to stfu about it and be done with it. Easier than what you are doing now.
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Sep 20, 2015 00:53
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It sounds like the thread is more of a burden than a useful tool for you now. Hiding things from the thread isn't helpful; feeling like you have to be on the defensive and therefore not feeling like sharing major purchases with the thread is not helpful. Close the thread if it's hurting more than it's helping.
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Sep 20, 2015 00:56
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What you do with your money is up to you. All you can do if say, "These are my goals. How do I achieve them?" The thread gives you advice and you can choose what to follow based on your own circumstances. If you wanted to buy a second car and saw a need, it doesn't matter what the thread thinks. You felt you circumstances called for a second car. Fine. Save up for it. Don't hum and haw and try to think how to make the thread happy-- think how to make you happy. Had you just told the thread (not asked. Told) you were going to buy a second car for X, Y, Z reasons, they would at least insisted you save up for it even if they didn't agree with the decision. Stop trying to make everyone happy. And while you're at it, stop looking over other people's fences. I don't care what everyone else is doing. I don't care that other people have managed to get their side projects off the ground. You haven't shown the commitment to do such things. Quite frankly I'm more disappointed with the oculus purchase than the vehicle. At least the vehicle has a purpose while the other is just fueling another of your pipe dreams.
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Sep 20, 2015 03:23
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A good reliable car for 2k is a good deal IMO. Earlier when you were talking about buying one, I was thinking you would be financing one for like 10k. Did you end up making a big payment towards the other car this month?
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Sep 20, 2015 03:42
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Knyteguy posted:I didn't want to ride my bike in the snow and sleet with a potential huge el nino winter coming. I was wasting about an hour a day getting ready and on the bike ride (remember the whole time thing I keep going on about?). I was tired of being stuck at home. I was tired of having to wait for my wife to get home if I needed to do anything. I had no way of getting my baby around. I had no time to run to the store in the morning for anything (absolutely nowhere to lock the bike). What if my son got sick, what if my sister got sick, what if my mom got sick, what if my baby got hurt, what if he's having such a poor night and I'm stuck at home for some reason? Can't take the baby on a bike trailer - he's too young. How can I commute off road with a bike trailer even if he could ride in it if I needed to pick him up? I was tired of being stuck at work for my hour lunch every single day. I forgot my lunch? poo poo I'm going hungry. There wouldn't be enough time to get home and back after getting everything out the door. Pretty sure nobody hassles you had said that you and your wife were cutting your discretionary/restaurant budget $200/month for 5 months so you can afford a $2000 car. The long and the short of it is: you want to stick to a budget only if it isn't hard and requires no real planning or sacrifices. 'I was tired of having to wait for my wife to get home if I needed to do anything' - Plan ahead better, ride your bike, take the bus. 'I didn't want to ride my bike in the snow and sleet with a potential huge el nino winter coming' - Take the bus, carpool, or coordinate with your wife. 'I was wasting about an hour a day getting ready and on the bike ride (remember the whole time thing I keep going on about?)' - Aren't you all of 4 miles away? Pedal harder, get your poo poo together the night before so you don't gently caress around in the morning. 'I had no way of getting my baby around. ' - Plan ahead better, take the bus. 'I had no time to run to the store in the morning for anything (absolutely nowhere to lock the bike).' Go to a different store, or go to the store when you have the car. 'What if my son got sick, what if my sister got sick, what if my mom got sick, what if my baby got hurt' - Call 911 'I was tired of being stuck at work for my hour lunch every single day. I forgot my lunch? poo poo I'm going hungry.' - What are you 8? Don't forget your lunch. Ride your bike to a place to get lunch (you really can't afford to go out for lunch FYI). You had issues in the past about running out of food at the house, so your only solution was to go blowing money on dinners since you had nothing at the house. All of this bike related stuff seems like similar stuff where you weren't planning ahead enough to solve a lot of these issues. The last time you disappeared from BFC you came back with a 10%+ loan on a brand new car you had no business buying. There is a direct correlation between you disappearing and you making poor financial choices. So if you plan on falling off the BFC posting wagon, what will you do to stay on track?
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Sep 20, 2015 05:14
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I would recommend checking the forums attached to the book I told you to read earlier in the thread. You're going to find interesting reading there about businesses and more support for what you are trying to do - I don't think most people here are going to be supportive of non W-2 work. Partially because of the history in the thread I think, in fairness, and the way it is framed. I do think you need more of a plan for whatever you are doing, but you may just not be going into the Oculus thing in detail, which is fine. With the microscope endeavor - my point was that just by realizing that you can import/dropship/whatever you are doing, and doing it, you are are further along than 99.9% of people who day dream about starting a business. So it didn't work with the microscope thing. Pick a different product. Try a different product with FBA. Try something else with the knowledge you gained, which is the bottom line. No idea what you are talking about with the Steam thing, I may have missed you talking about that, but once again I think you are trying ideas that sound fun (just based on it being something attached to video games, which in general is saturated) instead of ideas that are serving hungry, underserved markets. I'm about to start importing products and selling them FBA (and via an ecommerce site.) In most of the case studies I am reading of successful people doing this, it's the unsexy stuff that works. I'm sure some people are going to get rich from the Oculus, but I would think about that a little bit, in general.
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Sep 20, 2015 07:38
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What type of car is it?!
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Sep 20, 2015 08:42
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There's a lot of us Automotive Insanity guys in here and we all want to know what you got. I'm willing to bet it's a luxury brand and that's why you're so cagey about it. Because you know when you say "it's a BMW  " the thread will collectively poo poo a chicken. Also, there is no way in hell you'd be able to find a 95 911 turbo for $2000 that hasn't been wrapped around a tree.E: I just found what you should have gotten for your roadside pit BBQ dream http://houston.craigslist.org/for/5160443360.html  E2:  1995 Carrera c2 for $58,000 I knew boomers were buying up those things but JFC that's ridiculous for ~the last aircooled 911~
BloodBag fucked around with this message at 11:55 on Sep 20, 2015 |
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Sep 20, 2015 11:48
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Hiding purchases from a thread you specifically started to coach you on avoiding unnecessary purchases is worrying. And you are being so hostile about it. It's like an alcoholic telling his wife to throw out any booze he buys, but then buying some anyway and snapping at her when she throws it away. Everyone could see you were planning to buy another car. You are no Mr Money Mustache and you clearly loathe having to share and bike. Why hide it? Buying an Oculus Rift is just an expensive hobby. If you had wanted to blow some money with a chance of making some, an old iPhone and a developer account would have had an outside chance of making money back. The Oculus is just tempting nerd junk. You need more time than Sunday afternoons to develop worthwhile apps for it. It'll be in the garage gathering dust in a year. Sharing your plans with the thread would have helped you distinguish between the car purchase (inevitable) and the Oculus (pointless).
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Sep 20, 2015 17:38
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I don't think getting a car is bad! I know the area and I can only imagine how difficult it must be to get around with only one car between both of you, especially with a baby and winter coming up. However, everyone is upset because of the way you went about it. If you had just posted "I need to get a second car, it will cost $X, which is worth it to me to not be inconvenienced, it will delay my goals by X months, and I plan to buy it by X time" the very few people would have probably had an issue. You didn't post that, because you didn't think that deeply about it. If it's truly something you wanted for the last couple of months, be an adult and put it in your budget! Defray the cost somewhat by making sacrifices to your blow money! Instead you bought it on impulse and hid it from the thread, your place to get honest feedback, and you know that you hosed up because you were cagey and secretive about it. Even for a casual reader of the thread, it's very obvious that you have a impulse spending problem and you need to face it. I know that you believe making more money is the only way to reach FI, but if you truly read MMM he actually emphasizes reducing spending as being the key to FI. As an aside, I really do think you've made some progress as you didn't finance a car beyond your means, at least, which would have happened in the past. Also I'm still glad you didn't move to Stockton or whatever, yeeesh.
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Sep 20, 2015 18:03
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Knyteguy posted:Yes we are saving for retirement, as my wife's 401k is contributing, and our HSA acts as an IRA at 59.5 or whatever the age is. I'll be meeting my buddy on Monday for that interview information. I also want to know what you bought damnit. You already said it wasn't an e34... And a 2k any other BMW would be a really bad call (besides an e30 but those with kids? Dunno....) E: I too don't think it's out of line to buy a car. But it is out of line to impulse buy one vs budget. I'd really like to see a budget for Sept and reconciliation for Aug, too... This should have been super simple with envelops. Look at them and write their balance at 8/31 and update YNAB with single outflow transactions out of your Cash account. SiGmA_X fucked around with this message at 15:58 on Sep 21, 2015 |
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Sep 21, 2015 07:31
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KG, I actually think that as a growing family you did right to purchase a new car. Like the rest of the thread, I definitely want to know what kind of car it was. Comedy option: Pinto or Gremlin.(Yes I know these would both be more then 20 years old). I agree that the biggest part that you, I and many other posters in BFC have had is making decisions without bringing them to the thread, and just blindly spending. Regardless of this thread, you are your own man. That means you can always put your foot down and say "Listen guys, I'm buying a car. Why? Because I feel that I need it. I don't feel that I should have to ride a bicycle to/from work and I shouldn't have to rely on my wife to get me around.". Having a 2k set back sucks, but you made a good choice IMO.
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Sep 21, 2015 15:30
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Knyteguy posted:Let's say it's a 1995 Porsche 911 Turbo, because it matters about all that much. I'd say it matters from a car budget perspective including gas, maintenance budget and insurance. Whatever the response from the forums, what's done is done. At the very least you can say what kind of car it is so input can be provided on whether or not your monthly car budget is sufficient or potentially lacking.
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Sep 21, 2015 15:50
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