Dave I am with you on this one... I could not sleep at night if I was living on over-extended credit and in debt to my receading hairline! Much less live a Rock Star lifestyle in the process. I am also a DINK family. My wife and I are 27 and 28 respectively. Both of us have Bachelors Degrees, hers in CIS (Computer Information Systems) and mine in IET (Industrial Engineering Technology). We clear over 6 figures, and have an LLC in rental property. We are both pretty frugal spenders. Simply she doesen't spend much and I shop EBAY and drive around buying used equipment when I need a new toy!
We both work at the same Manufacturing facility, she is the Computer Programmer and I am a Multi-Craft Maintenance Technician (mostly Electrician/PLC/Robotics Guru). Our co-workers call us "rich" because they cannot afford to take weekend trips to the beach (staying at friends condos), buy land (sweet deal I worked for 8 months, 50 acres for $1700/acre in an area with $5-$8k/acre), own a tractor (1962 Farmall 504), and the like. They all live in houses to big that they paid too much for, have new cars, and spend money on un-nessecary material things like a $25K Harley Davidson.
I grow food in my large garden, proud to have equipment older than me, live in a mobile home (for now, saving to put out a decent down payment and plan to build myself, sub-contract the rest), drive a paid for 8 year old truck, once out of college paid off ALL DEBT first never to return; If I cannot pay it at once I do not need it, still have the 1979 Chevrolet C20 I had in high school, put 10% in my 401k weekly, buy stocks monthly, help my elderly neighbor when he need it including filling his propane tank in the winter, ect.
And by managing what I have my wife and I live modest, do as we please, travel as we please, and keep a comfortable cushion in the checking accounts. How do we do it? Well the co-workers call us "rich". I call it Dave Ramsey. If you have not heard of him, learn more. He is not smart, he just applies common sense to managing money.
The only bills I have are common utilities, phone (no residential landline only 2 cells and a cellular modem), insurances, land mortgage, and the wife's 2008 MINI COOPER S (she pay the note and she put $9000 down).
I know a guy I used to work with. He was over extended in debt and found a new job. He sold me his 10 year old mobile home and moved into a rent house (3 BR, 1 BA him, wife, 4 kids for $700/mo.) Changed jobs, cashed in his 401k and took a trip to Disney World. Now he is laid off living in a garage apartment at his in-laws... He made $$$ more than me... I have no sympathy for those who are not responsable.
Sorry for the ranting post, It struck a nerve and I have been drinking a little :o I respect those who have been prepared and unaffected by the failing economy. I am not "rich", just aware of what I must do to survive life and learned from past financial mistakes.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
... [Read Article]
Latest Ad:
1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
