I just read through the last 10 pages after being away for awhile and its so refreshing to see the thoughts and insight from all of you. I have been neglecting my accounts, although they have been making money, due to a lack of funds. However, I just paid off my motorcycle and will apply that extra $300 towards my savings and investments. The comments about purchasing new cars and such makes me cringe. Having to make monthly payments on something I see as a luxury and not a necessity has changed my perspective on buying "new" from dealerships. As much as I would love a newer vehicle I believe that monthly payment is better spent towards accruing future income that will help improve my lifestyle and not the portrayal of a lifestyle I wish to have by riding around in something new.
I guess what I'm trying to say is that I am glad to have eliminated some debt and look forward to adding to my investment income. Like Todd mentioned when Greg questioned our lack of participation in this thread. For once I have decided not to disrupt the class and actually listen to what is being taught. Thank you to all that educate us in this thread.
__________________
Jose
|