How much do you owe?

Sounds the same as me. The Tacoma is paid off and I have a Mustang GT in storage until the spring. The Mustang is my fix for speed.

4BYTOY

 

Exactly this. I owe my savings account a lot of money that I will put back into it over the next 2 years.

 

Holy shit man, how're you doing?

 

Always had a mortgage...have about $150K equity on a 400K house...still a healthy balance. If the wife would let us, I’d sell the house, use the equity to buy a very decent house for less than 150k. We could save and pay cash for a similar 400k house in 7-10 years if she would just have the foresight to live simply for a while. Instead I’ve got 25 more years of payments.

 

Zero
I could have bought 2
V6 4x4
And that was from one of my checking accounts

I'm not rich and don't own a home
Just single
If I can't buy it with cash I can't afford it

 

We did that twice when the markets went crazy. Sold a home in San Diego in the 90s and bought two 120K homes in Las Vegas for 40K down. Sold both homes in 2005 for $590K Profit during the home bubble in Vegas. Moved to SCarolina, had a home built and have been cash and carry since. Property taxes are paid with couch change. LOL

 

I drove shitty old vehicles while I built my house so that helped a lot. I hadn’t had a car payment in about 4 years before buying the 4Runner and with the super low interest rates it just made sense to keep that money liquid

 

And sorry to hear about the health issues. I wish you the best

 

yes mortgage was $3200.... now its $0

 

I financed it originally (october 2017) quickly realize I was wasting money, paid it off December 2018.... so yes you are technically correct.... but it is paid for in cash. I should have done it from the get go.

 

It was a good bonus year at work. Taco should be paid off by October, and house by March 2021. It will feel good to be debt free, but I want to buy a 2021 Shelby GT500 Mustang, so it might not last long lol.

 

Nada, zilch, nothing and it feels sooooo good! And it's going to stay that way for years to come!!!

 

If I didn't get 1.9% I would've bought a Corolla straight cash instead of my Tacoma lol.

 

With median household income somewhere in the lower $60k per year range, many people cannot save up 20% to put a downpayment on a house, much less save the $200k+ it takes to buy one outright in most cities.

 

This thread has inspired me to save money. Sips on Starbucks and cries a little.

 

Not rich, but paid cash for my 2019.

 

But they can spend $ on cable,internet, cell phones,vacations, restaurants and car payments. With prioritizing it’s amazing how much you can save with a modest income and still have fun along the way

 

I hope when I'm debt free in a couple years, I'm not a douchebag about it. Everyone chooses their own path in life.

 

Are you saying you’re hoping to rid yourself of douchebagness?

 

Uhm, no, not at all.