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When I was a bit younger, this thread would have hit real close to home. A business venture panned out and I sold out. I blew through, well, damn near everything on travel and good times. Luckily I didn't get too stupid and spend what I didn't have. Instead of having to dig out, I get to do it all over again 
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Quoted: Back in the day I used to date this realtor chick. She sold lots of big "McMasion" homes. She told me that it was pretty common to go back a year later and visit her clients and find the homes pretty much empty...no furniture or anything on the walls. They could barely keep up with the payments......they would rather have a huge house, and lease/finance fancy cars, and buy expensive clothes than have furniture in their homes.  I kinda did this based on the fact that I KNEW I could sell the place for AT LEAST what I paid for it because of the neighborhood and the local school system. I was betting on both future earnings and inflation to drop the percentage of my income that house payments were. For the first couple of years a night out meant a slice of pizza and a coke at the local stand but inside a couple of years and a couple of raises it got much easier. In fact by scrimping and a modest inheritance the 30 year note was paid off in about seven years. |
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Quoted: No, those things are not really "lifestyle changing", what they are a drain on resources unless you are ultra weathy. You only have so many heartbeats and all of that stuff you spent so much money on, won't bring you happiness. The Vanderbilt's learned this when they owned Biltmore Estate. As a famous singer of a band once said, "money won't buy you happiness, but it CAN buy off unhappiness" and truer words have never been spoken. There are no U-hauls behind a hearse, but by the same token, you don't want to be flat fucking broke on your deathbed if you can help it. Its just math. Everyone spends from their resources on things that make them happy. It is absurd to say the following is not lifestyle changing: Sitting around your pool with family/friends, in Texas "Hey, remember that little hole in the wall that served the best italian food ever in NOLA?, lets go" (one phone call, and 30 minutes later you are at your plane ready to go) Two hours later you are sitting in that restaurant with your family and friends. Everyone gets back home in time for normal bed time. If the math of your life allows for that, it is something novel. It is a level of movement and comfort in a timeframe that is not available to people without it. We can make up countless examples. The fact that we all end up in the ground doesnt change that. People who build, maintain and fly rich peoples planes need their jobs as well. Someone living a "humble" life that is brought joy by going to eat at his favorite place is not morally better than the guy using his jet to go eat at his on a whim. |
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Quoted: A friends sister had a huge fairytale wedding. Her parents spent something like $25k on it. Marriage didn't last three months.  I have two daughters. There's no princess weddings in their futures unless they pay for it themselves or bag a rich guy willing to fund it. I cannot think of a bigger waste of money than an elaborate wedding. A couple of years ago I met a guy that was getting married and the father of the bride offered either a 50K (or some such shit) wedding OR 50K down payment on a home. She opted for the wedding and he dropped her like a stone right then and there. The father actually took HIS side. |
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Quoted: Its just math. Everyone spends from their resources on things that make them happy. It is absurd to say the following is not lifestyle changing: Sitting around your pool with family/friends, in Texas "Hey, remember that little hole in the wall that served the best italian food ever in NOLA?, lets go" (one phone call, and 30 minutes later you are at your plane ready to go) Two hours later you are sitting in that restaurant with your family and friends. Everyone gets back home in time for normal bed time. If the math of your life allows for that, it is something novel. It is a level of movement and comfort in a timeframe that is not available to people without it. We can make up countless examples. The fact that we all end up in the ground doesnt change that. People who build, maintain and fly rich peoples planes need their jobs as well. Someone living a "humble" life that is brought joy by going to eat at his favorite place is not morally better than the guy using his jet to go eat at his on a whim. Like everyone keeps saying on here, these "Arfcom millionaires"....  with their $15,000 Cessna and $5000 "Rolex" that nobody can tell from a nice Swiss fake.OK, so you got an airplane...That don't impress me much...If it impresses you, then great...You pay for annuals, hangar fees, fuel and multiple other things.... I could probably swing that if I wanted to make it my only major hobby. I flew in a helicopter last year near Tyndall AFB...It was $300 bucks and that's fine....Kinda like a ride at Disney. I am not spending tens of thousands of dollars doing that every year and making sure I have health insurance, a retirement, vehicles, insurance, a place to live, and a thousand other things that normal people do...If I were Bill Gates I wouldn't buy a personal airplane....It just doesn't impress me/ And the fact that "we all end up in the ground" does matter...Limited number of heartbeats for all of us. Being able to get up every day and not do have to do anything means more to me... You work to live not work right up till you die. |
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Quoted: I'll just continue to whine about not having a new sports car while driving my paid off Ford. Do what I did. Pick up an old Miata and put short money into it and enjoy the fuck out of it. The only one you have to impress is yourself. I put Bilstein HD shocks, some decent rubber, oversized eBay sway bars and a Craigslist $100 Hard Dog roll bar in mine and I've had a lot of fun with it. |
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I worked in the nat gas field in western Colorado from start to crash. I made more $ as an electrician than I ever imagined I could. I wanted to blow a lot of money on dumb shit, but the wife was pushing to pay off the house. I bought way too many guns, but still paid off the house. Saved a bunch of dough too, and by then I was running a shop full of electricians. Had plenty of young guys making more money than they ever had, And they bought all the toys. New truck+20k worth of crap. ATVs, boats, Harleys. Then the layoffs, then the repos. Same story everywhere when energy crashes. Holy cow it was glorious when it was rolling hard tho. |
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Quoted: I used to bounce nightclubs in Scottsdale in the early 2000's. Imagine an even phonier version of Jersey Shore, where the term "thirty thousand dollar millionaire" applied to everyone. Everyone. Bunch of fake Rolex's, fake tits, Dior sunglasses 24/7, rented Lambo's. It is the epicenter of douche on a budget. Not much has changed. At all. haha |
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Quoted: Like everyone keeps saying on here, these "Arfcom millionaires".... with their $15,000 Cessna and $5000 "Rolex" that nobody can tell from a nice Swiss fake.OK, so you got an airplane...That don't impress me much...If it impresses you, then great...You pay for annuals, hangar fees, fuel and multiple other things.... I could probably swing that if I wanted to make it my only major hobby. I flew in a helicopter last year near Tyndall AFB...It was $300 bucks and that's fine....Kinda like a ride at Disney. I am not spending tens of thousands of dollars doing that every year and making sure I have health insurance, a retirement, vehicles, insurance, a place to live, and a thousand other things that normal people do...If I were Bill Gates I wouldn't buy a personal airplane....It just doesn't impress me/ And the fact that "we all end up in the ground" does matter...Limited number of heartbeats for all of us. Being able to get up every day and not do have to do anything means more to me... You work to live not work right up till you die. No where did I speak of impressing people. I was quantifying lifestyle. Not attitude. X dollars buys Y things. It doesnt matter how you feel about that, it just is. "Oh, I forgot, today is that awesome thing I really wanted to do 1000 miles away" and 3 hours later you are doing it. That is a lifestyle issue. It has nothing to do with impressing anyone. Hell, it is done in private. You are insisting on finding a place to put your feelings in a technical issue. |
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Quoted: No where did I speak of impressing people. I was quantifying lifestyle. Not attitude. X dollars buys Y things. It doesnt matter how you feel about that, it just is. "Oh, I forgot, today is that awesome thing I really wanted to do 1000 miles away" and 3 hours later you are doing it. That is a lifestyle issue. It has nothing to do with impressing anyone. Hell, it is done in private. You are insisting on finding a place to put your feelings in a technical issue. Roughly how old are you, if you don't mind me asking? |
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Quoted: I used to bounce nightclubs in Scottsdale in the early 2000's. Imagine an even phonier version of Jersey Shore, where the term "thirty thousand dollar millionaire" applied to everyone. Everyone. Bunch of fake Rolex's, fake tits, Dior sunglasses 24/7, rented Lambo's. It is the epicenter of douche on a budget. I remember the $30,000 Millionaire’s wall to wall at Axis-Radius. Fake douche bags galore but some of the hottest woman I’ve ever seen/banged. To be young again. |
| My brother and sister in-law bought a brand new Cummins amd couldn't afford it. Started getting a lot of debt on their credit cards. So they sold their house to pay off their credit cards and moved in with his parents. They were in their 30s with 3 kids. Kept the Cummins tho |
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Quoted: Mid 40s. Then you probably have roughly half of your heartbeats left in your life and probably only 20 or so years left productively if all goes well and no sickness....What about after that? My dad died of pancreatic cancer at age 64 and was healthy as a horse. I am in my mid 50's so I have less years than you statistically, although I may live longer but you probably will.... Maths... And it doesn't boil down to "one who has the most toys wins", "live life to the gusto" and all that stuff. What's your plan after the 30 years, if you live long enough? |
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Quoted: Then you probably have roughly half of your heartbeats left in your life and probably only 20 or so years left productively if all goes well and no sickness....What about after that? My dad died of pancreatic cancer at age 64 and was healthy as a horse. I am in my mid 50's so I have less years than you statistically, although I may live longer but you probably will.... Maths... And it doesn't boil down to "one who has the most toys wins", "live life to the gusto" and all that stuff. What's your plan after the 30 years, if you live long enough? I have no idea why you are trying to make "X dollars buys Y stuff" a philosophical debate with me. Again, you are trying to insert how you feel into a technical issue. To touch on your issue though, If "we are going to die" is some reason not to do something, where is the line? If it is somehow "wrong" to have a private plane, because "we all die" then why is it ok to have or do anything? Why do you insist that it is about showing off? My entire issue (the technical issue) centers around the lifestyle, not the show off aspect. There is a math to every lifestyle. EVERY LIFESTYLE. The poor and the rich. The fact that we all die one day does not change that. |
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Quoted: Threads like this are a great reminder that I don't really need a new car. This pandemic has been a reality check for me. Lots of people are very overextended. I'll just continue to whine about not having a new sports car while driving my paid off Ford. |
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Quoted: I have no idea why you are trying to make "X dollars buys Y stuff" a philosophical debate with me. Again, you are trying to insert how you feel into a technical issue. To touch on your issue though, If "we are going to die" is some reason not to do something, where is the line? If it is somehow "wrong" to have a private plane, because "we all die" then why is it ok to have or do anything? Why do you insist that it is about showing off? My entire issue (the technical issue) centers around the lifestyle, not the show off aspect. There is a math to every lifestyle. EVERY LIFESTYLE. The poor and the rich. The fact that we all die one day does not change that. I'm comfortable, you have a Cessna and we'll both die in a few years...Every lifestyle has that.... I am talking about a long term life goal. You seem to buy into that philosophy that the guy with the most toys wins....It doesn't work like that because you can't take those toys with you....None of them and neither can I and you deep down know it...You may fantasize about vicariously leaving your Cessna to a grandchild and that becomes a destiny? I don't know... What I will say is this. Ronald Reagan didn't take anything with him, and neither did Dale Earnhardt....Both left the same thing we'll leave...What about after we leave is my question? What you don't seem to understand is that the math ends up incidental. |
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Quoted: Then you probably have roughly half of your heartbeats left in your life and probably only 20 or so years left productively if all goes well and no sickness....What about after that? My dad died of pancreatic cancer at age 64 and was healthy as a horse. I am in my mid 50's so I have less years than you statistically, although I may live longer but you probably will.... Maths... And it doesn't boil down to "one who has the most toys wins", "live life to the gusto" and all that stuff. What's your plan after the 30 years, if you live long enough? Quoted: Quoted: Mid 40s. Then you probably have roughly half of your heartbeats left in your life and probably only 20 or so years left productively if all goes well and no sickness....What about after that? My dad died of pancreatic cancer at age 64 and was healthy as a horse. I am in my mid 50's so I have less years than you statistically, although I may live longer but you probably will.... Maths... And it doesn't boil down to "one who has the most toys wins", "live life to the gusto" and all that stuff. What's your plan after the 30 years, if you live long enough? Your post is a pizza slicer of a post: all edge, no point. Neshomamensch wasn’t extolling the virtues of that lifestyle, he was merely pointing out that at a certain level of wealth it happens. |
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Quoted: Is this the thread where everyone pretends they have no debt, pay cash for everything, invest 50% of their income, and never buy new cars? 
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Quoted: My story is pretty good In 2012 I made $190,000 as per my tax return working only one job Last year I made $50,000 working two jobs Liquidated pretty much all I could to pay everyone that I owned money to and in August 2018 I only had $20 to my name. I have more than $20 to my name so I've been climbing back up there and maybe one day I'll retire |
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Quoted: I'm comfortable, you have a Cessna and we'll both die in a few years...Every lifestyle has that.... I am talking about a long term life goal. You seem to buy into that philosophy that the guy with the most toys wins....It doesn't work like that because you can't take those toys with you....None of them and neither can I and you deep down know it...You may fantasize about vicariously leaving your Cessna to a grandchild and that becomes a destiny? I don't know... What I will say is this. Ronald Reagan didn't take anything with him, and neither did Dale Earnhardt....Both left the same thing we'll leave...What about after we leave is my question? What you don't seem to understand is that the math ends up incidental. *sigh* The conversation is not about who has the most. It is about personal enjoyment. There is no moral difference between a guy who uses his private jet to go enjoy his favorite burger and a guy taking the bus to enjoy his. They both will die one day. The guy with the jet in not someone "wrong" for having the jet becuse he cant take it with him when he dies. Trying to make absurd assumptions about me, or turning it into a showing off issue is not that conversation. Again, you are trying to find a place to insert your feelings into a technical issue. Your argument is ultimately nothing matters...well, if nothing matters, you are a hypocrite for anything you do other than go sit in a corner until death overcomes you. |
 Failed To Load Title Pretty sure the dude about ten minutes in wins the thread. |
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Quoted: That's not really a high bar. You're talking maybe the cost of a mid tier new truck to have all of that. Some people would rather have 50k in guns and drive a well maintained old Toyota. What? You don't know the value of the house or what dollar amount the 50% of income equals. Can't really say that's all possible on 50k. We were both commenting on how people shitpost on here about how they have it all together. Half of it is BS. |
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Quoted: What? You don't know the value of the house or what dollar amount the 50% of income equals. Can't really say that's all possible on 50k. We were both commenting on how people shitpost on here about how they have it all together. Half of it is BS. No I meant having 12 Gucci ARs. That's around 50k. Really not hard to obtain in a few years. Eta: It's also a solid down payment on rental property if you need to add a revenue source more than you need 12 recreational firearms. |
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Quoted: Correct, and even people with just SS or even a mild 401K or defined benefits plan has more than they think... Health care deficits are going to be the problem going forward, not making your monthly bills. If I have $200K in the bank for retirement and no health insurance, then what is the first thing taken by the hospital? This is the issue facing everyone going forward. Your 401k is untouchable to creditors. Except the IRS or divorce. It survives chapter 7. Also. In florida at least. So does your own home (homestead) |
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Quoted: Being in/out of mansions all day makes me very, very happy with my modestly sized house. Bigger they are, the more shit to break. Past a certain point you are almost never alone in your own home, always someone there working on something. Yachts, private jets and mansions are things I would likely never own, no matter how much money I had. So much this. Took care of a 3800 sqft house alone for 3 years and it felt like being alone on a spaceship by the end, basically had 1 of three floors completely sealed off. Stuff was constantly breaking, mold started in the basement (who has a basement, in the south, on a house built on a hillside?), drainage problems, not to mention all the yard work. No thanks, a small house on some land with a large shed/garage will do just fine 
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| My wife will spend every penny that hits her account, and max out any lines of credit she has. I had har pay off her credit card and close the account, and she hated every bit of doing it. She has a $200 overdraft protection on her account and maxes it out every month. She doesn't get that credit is negative money that keeps slipping away a little more each month. I chose very poorly. |
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Quoted: Ok, this requires some further explanation, I think. Quoted: Quoted: Some people have work policies that don’t allow them to be around lenovos, even at home. Cough cough. Ok, this requires some further explanation, I think. Banned by a few companies, banned by a few law firms, banned by state dept in 2006. Not saying they ever proved anything but some firms have a better safe than sorry attitude. https://www.fedscoop.com/defense-department-known-cyber-vulnerabilities-lenovo-lexmark-gopro/ https://www.bloomberg.com/opinion/articles/2019-01-07/lenovo-may-be-next-target-of-u-s-tech-s-cybersecurity-fears https://media.defense.gov/2019/Jul/30/2002164272/-1/-1/1/DODIG-2019-106.PDF https://www.google.com/amp/s/amp.usatoday.com/amp/4312488002 |
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Quoted: So much this. Took care of a 3800 sqft house alone for 3 years and it felt like being alone on a spaceship by the end, basically had 1 of three floors completely sealed off. Stuff was constantly breaking, mold started in the basement (who has a basement, in the south, on a house built on a hillside?), drainage problems, not to mention all the yard work. No thanks, a small house on some land with a large shed/garage will do just fine I get that, but it is not the same when you have people to take care of everything. In many situations, money can buy your time back. If you have to do it yourself, sure, one would be wise to get rid of excess that causes more work. Again, if the math works out, one need not worry about the pool, yard, whatever. it simply gets taken care of. |
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Quoted: a buddy of mine / friend from the national guard got into contracting during our bosnia deployment around 2002. he started working for brown and root IIRC, gone for long periods of time making big tax free deployment money and planning on doing that for 5-10 years and then retiring at around 40 years old. he put pretty much everything he made into savings. about 2 or 3 years into it, he comes home and discovers his wife was tired of being alone and was gone. she had apparently sold their paid off house that was a wedding gift from his / their parents, cleaned out every penny of the savings from his 2-3 years of contracting and had filed for divorce. I hope she is a "missing person"..... |
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Quoted: Banned by a few companies, banned by a few law firms, banned by state dept in 2006. Not saying they ever proved anything but some firms have a better safe than sorry attitude. https://www.fedscoop.com/defense-department-known-cyber-vulnerabilities-lenovo-lexmark-gopro/ https://www.bloomberg.com/opinion/articles/2019-01-07/lenovo-may-be-next-target-of-u-s-tech-s-cybersecurity-fears https://media.defense.gov/2019/Jul/30/2002164272/-1/-1/1/DODIG-2019-106.PDF https://www.google.com/amp/s/amp.usatoday.com/amp/4312488002 Quoted: Quoted: Quoted: Some people have work policies that don’t allow them to be around lenovos, even at home. Cough cough. Ok, this requires some further explanation, I think. Banned by a few companies, banned by a few law firms, banned by state dept in 2006. Not saying they ever proved anything but some firms have a better safe than sorry attitude. https://www.fedscoop.com/defense-department-known-cyber-vulnerabilities-lenovo-lexmark-gopro/ https://www.bloomberg.com/opinion/articles/2019-01-07/lenovo-may-be-next-target-of-u-s-tech-s-cybersecurity-fears https://media.defense.gov/2019/Jul/30/2002164272/-1/-1/1/DODIG-2019-106.PDF https://www.google.com/amp/s/amp.usatoday.com/amp/4312488002 The last company I worked for, massive global database company, our DoD sales/support side of the house was moving to Macs for this reason. CAC and STIG requirements include those systems made them lots of fun. |
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Quoted: A couple of years ago I met a guy that was getting married and the father of the bride offered either a 50K (or some such shit) wedding OR 50K down payment on a home. She opted for the wedding and he dropped her like a stone right then and there. The father actually took HIS side. He made the right choice. |
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Quoted: He made the right choice. Quoted: Quoted: A couple of years ago I met a guy that was getting married and the father of the bride offered either a 50K (or some such shit) wedding OR 50K down payment on a home. She opted for the wedding and he dropped her like a stone right then and there. The father actually took HIS side. He made the right choice. The wisdom of king solomon, plus dad got to keep his cash |
| Yeah. Me in 2009. My lawyer emailed my wife’s lawyer “they have obviously been living far beyond their means for some time.” She didn’t want to get a job, and just shopped like there was no tomorrow. I could have stopped it, but then I would have just gotten divorced quicker. I was so stupid. $40k in credit card debt and no assets to speak of. Fast forward to the present, remarried to a responsible woman and planning to pay off our mortgage early. With my ex I knew I would eventually be walking to work in flip flops in my old age. Living beyond your means is generally living in denial that money is logical and not magical, and loving someone does not mean spending money on them. |
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Quoted: You forgot that we all have 800 credit score are all good drivers too. Quoted: Quoted: Is this the thread where everyone pretends they have no debt, pay cash for everything, invest 50% of their income, and never buy new cars? You forgot that we all have 800 credit score are all good drivers too. Weird because there have already been self admitted stories of financial foolishness, but reading is for fags. Maybe, someone will read these and think, "huh, that sounds like me" and turn it around before it's too late. |
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Quoted: You can’t sell a house with a general poa. You have to have a specific Poa that grants that authority. I think there’s more to the story, as there usually is. Quoted: Quoted: Quoted: How could she have sold "their" house? It would have been in both of their names? Power of attorney Shit can get messy.....If the guy really wanted to go after her, he could spend thousands on lawyers to get her to pay it back. And then she still might not. Divorce really just fucks over guys in the US. The courts don't give a shit about what happens to the men. If it had been the other way around, the courts would have wrecked that guy for selling the house, etc... You can’t sell a house with a general poa. You have to have a specific Poa that grants that authority. I think there’s more to the story, as there usually is. You’d be shocked at what a county recorder will accept to transfer title in real estate. Then it’s off to court. |
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Quoted: I hope she is a "missing person"..... Quoted: Quoted: a buddy of mine / friend from the national guard got into contracting during our bosnia deployment around 2002. he started working for brown and root IIRC, gone for long periods of time making big tax free deployment money and planning on doing that for 5-10 years and then retiring at around 40 years old. he put pretty much everything he made into savings. about 2 or 3 years into it, he comes home and discovers his wife was tired of being alone and was gone. she had apparently sold their paid off house that was a wedding gift from his / their parents, cleaned out every penny of the savings from his 2-3 years of contracting and had filed for divorce. I hope she is a "missing person"..... That kind of shit happens a lot more than you know of. I was at an airport and saw a young E-6 returning from the sandbox a couple of years ago with the biggest WTF look I have ever seen on a human being. I asked him if he was OK and he told me he was coming home to literally NOTHING. He didn't even have a place to sleep `that night other than a motel. Poor bastard didn't know about it until he was getting ready to leave for home. Here he was packing overseas to go home and be met at the airport by his wife and kids and someone came in and broke the news to him his wife had taken the kids, sold the house and left. |
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Quoted: Weird because there have already been self admitted stories of financial foolishness, but reading is for fags. Maybe, someone will read these and think, "huh, that sounds like me" and turn it around before it's too late. Pretty common story around here is grandparents build up an estate through agriculture or another "blue collar" business, the parents are college educated, did their own thing, and are completely uninvolved in the family business other than cashing checks, and their children end up trying to start on their own while also having to manage a multimillion dollar family business that has not been managed by anyone else for over 30 years. These guys are now in their mid 30s and some of them are doing well, some have cashed out, and some of them have managed to blow 100+ years of equity building on stupid stuff like brodozers, cookie cutter mansions, $50,000 football tailgates, and beach vacations. |
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Do I win the top prize? My stupid ass father. 1. Cessna Turbo 210 (bought new) 2. Pitts Acrobatic Airplace (bought new) 3. Grumman Tiger 4. Winnebago Motorhome 5. GMC Motorhome 6. 11 Harleys at the same time (paid over list for each one from Stubb's or Mancuso Harley) 7. $120,000 home entertainment system (Martin Logan, Mark Levinson, Krell) + $80,000 home entertainment system (previous system that he only used for 2 years before tossing it in the storage room McIntosh) 8. 15 Rolexes (President's, Daytona, Submariner, Miligauze, etc.) 9. Bought over 50 vehicles in his lifetime (practically gave them away when he got tired of them, bought all at list price from Timmers Chevrolet aka Monument Chevrolet). 10. LGB Trains (bought every fucking item made, cost more than some of your houses) 11. 8 ATVs (the good shit) 12. Wellcraft Scarab 33 footer Boat 13. Some sort of expensive bass boat. 14. Bought 3 of the most expensive front loader washing machines, 3 most expensive front dryers, 2 dishwashers (for someone that lives by himself) 15. Bought every single tool ever made from Snap On, Mac (high end tools that he never used ever). He blew away 5 million dollars worth of property (that my grandfather left him) in order to show that he was better than you. Funny is that I am supporting his worthless ass right now and he still had a spending problems. |
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Quoted: Your post is a pizza slicer of a post: all edge, no point. Neshomamensch wasn’t extolling the virtues of that lifestyle, he was merely pointing out that at a certain level of wealth it happens. There actually was a point...It in the form of a question in the last sentence. |