Quote:
Originally Posted by raguemoe
Greg, now that we got the basics out of the way. I'd like you to address the proper allocation of one's resources (ie wife, kids & cars). This seems to be my greatest downfall in saving for the long term. Meaning I give the wife & kids too much, spend a little on cars and know I should be saving more! I know nothing about you, but anyone building a car like the 62 must have done well for themselve (And I assume has paid their dues & made sacrifices when younger). Thanks-Morris!
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I would suggest looking at what you can reasonably save, do a budget, actually look at what you spend money on and how much you need to spend and then look at what is left over and I would suggest setting up auto transfers to a savings or other account.
Most people if they make x, will spend x, or x+. Many people are focused on looking wealthy than actually being. Live below your means and save what you can then, putting it to work for you.