Investing 102

[CRCRFT78]

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.

[preston]

And don't forget our collective blind spot - I've always paid cash for cars and haven't had debt in 20 years and save pretty good. But I've also spent well over $100k on my car project over the last 12 years and all I have to show for it is a project car that *might* fetch $20k if I'm lucky. Would I change that path if I could go back ? Yes, I would.

[toy71camaro]

Still check this multiple times a day. Although I dont post much. Glad to see a few other names in here chatting it up.

I agree with the "good debt" as long as you understand it and use it to your advantage. Which, unfortunately, a lot of people dont understand it and it hurts them more than they realize.