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06-16-2021, 08:38 AM | #661 |
Stroking to the SB Champs!
Join Date: Aug 2000
Location: Flatlands of Kansas
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Yep - that's a Net Worth Equation. If you have enough tangible assets that are primarily paid off and very little to no debt, it's not unthinkable that you could accumulate ~$1MM in Net Worth even if you haven't had a lucrative career.
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Posts: 39,381
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06-16-2021, 08:42 AM | #662 | |
Kind of a mod
Join Date: Aug 2005
Location: Donkey Land
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Quote:
https://onemileatatime.com/value-miles-points/ |
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Posts: 51,983
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06-16-2021, 08:46 AM | #663 |
Has a particular set of skills
Join Date: Dec 2003
Location: On the water
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I grew up poor. Most of my life I was poor. I'm no longer poor.
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Posts: 79,274
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06-16-2021, 09:16 AM | #664 |
Cheat Death
Join Date: Nov 2007
Location: Land of Drincoln
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If you have an airline of choice or live in a hub city an airline rewards card could be ideal.
We use Southwest Rapid Rewards and have been flying on points for a few years now + companion pass. Obviously it all got disrupted in 2020. |
Posts: 34,132
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06-16-2021, 09:22 AM | #665 |
Would an idiot do that?
Join Date: Nov 2000
Location: Arizona
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You should have dumped all of your money into paying off the house years ago, no matter how much you could have made with it in your 401k/investments during that time!!!
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Posts: 55,712
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06-16-2021, 09:33 AM | #666 | |
Would an idiot do that?
Join Date: Nov 2000
Location: Arizona
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Quote:
Definitely a good goal by that point in life, and with the right investments and strategy, should be more than enough to retire (unless maybe you plan on living until 110). |
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Posts: 55,712
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06-16-2021, 09:38 AM | #667 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Quote:
I had honestly forgot about all those discussions. Obviously DaFace is still salty. Thinking back I think this thread was the one the prompted me to stick everything on the card for the points. |
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Posts: 56,956
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06-16-2021, 09:45 AM | #668 |
'Tis my eye!
Join Date: Aug 2000
Location: Chiefsplanet
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Not broke at all...
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Posts: 100,022
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06-16-2021, 10:00 AM | #669 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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I'm very, very rich in experiences........
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Posts: 50,851
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06-16-2021, 10:26 AM | #670 | |
Kind of a mod
Join Date: Aug 2005
Location: Donkey Land
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Quote:
To put it another way, if I'd rented all of this time, I still probably wouldn't have saved enough to pay cash for my place even in 2009 values, and the price has nearly tripled since then. My net worth would literally be $300k+ lower right now if I'd followed R8ers advice. |
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Posts: 51,983
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06-16-2021, 11:25 AM | #671 | |
El Gato Gordo Loco
Join Date: Apr 2006
Location: Earth
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Quote:
Don't listen to Dave Ramsey. Dave Ramsey is for people who can't wrap it around their heads that they shouldn't spend a ton of money on 40k truck if they make 40k a year. Managing your money is one of the easiest things to do on this planet, that for some reason most people cannot do. Last edited by BWillie; 06-16-2021 at 11:33 AM.. |
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Posts: 46,424
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06-16-2021, 11:29 AM | #672 |
Mindful Taoist German
Join Date: Aug 2000
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Posts: 74,429
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06-16-2021, 11:31 AM | #673 |
El Gato Gordo Loco
Join Date: Apr 2006
Location: Earth
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Posts: 46,424
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06-16-2021, 11:32 AM | #674 |
Mindful Taoist German
Join Date: Aug 2000
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Posts: 74,429
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06-16-2021, 11:33 AM | #675 |
I’m a Mahomo!
Join Date: Aug 2004
Location: Mid-Missouri
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Depends on how AMC does.
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Posts: 54,038
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