Author Topic: Personal Stuff  (Read 18195 times)

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Offline MH

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Re: Personal Stuff
« Reply #1635 on: June 13, 2021, 07:06:46 pm »
Well it depends on the intent of the person buying.  Some people buy for status, other people just want a nice car.   

"nice" but if it's double-digit percentages of your take home pay...

My friend just told me about a think in LA where guys have expensive cars that they LIVE out of....

Offline wilber

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Re: Personal Stuff
« Reply #1636 on: June 13, 2021, 07:26:56 pm »
"nice" but if it's double-digit percentages of your take home pay...

My friend just told me about a think in LA where guys have expensive cars that they LIVE out of....

That's why I didn't buy one until I was in my late sixties. Now I don't borrow for anything but it took a while to get there.
"Never trust a man without a single redeeming vice" WSC
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Offline MH

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Re: Personal Stuff
« Reply #1637 on: June 13, 2021, 07:28:54 pm »
That's why I didn't buy one until I was in my late sixties. Now I don't borrow for anything but it took a while to get there.

I only borrowed for my house. 

Now the late 60s thing is starting to make sense.  I expect I will be rolling in it by then, and maybe have money to buy something fun. 
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Offline wilber

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Re: Personal Stuff
« Reply #1638 on: June 13, 2021, 07:38:57 pm »
I only borrowed for my house. 

Now the late 60s thing is starting to make sense.  I expect I will be rolling in it by then, and maybe have money to buy something fun.

You don't have to be rolling in it to do a lot of things if you aren't carrying any debt.
"Never trust a man without a single redeeming vice" WSC
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Offline BC_cheque

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Re: Personal Stuff
« Reply #1639 on: June 13, 2021, 07:42:11 pm »
"nice" but if it's double-digit percentages of your take home pay...

My friend just told me about a think in LA where guys have expensive cars that they LIVE out of....

LA is really sad, I have two cousins who live there.  They were visiting with their teenage sons and I mentioned how I'm going to give my Mazda to my daughter when I get a new car and their faces dropped.  Turns out they would be too embarrassed to show up at school with anything less than a BMW.

LA all together is a really status driven city and I would never live there.  You're going to extremes though if you bring that up as an example of why people want a nice car.

As for percentage of income, it all depends on what else is going on with your life.  I know people who are paying 50% of their income for housing.  I don't pay a tonne for housing, I don't have the ability to go out or take expensive vacations.

You can't really have an arbitrary percentage that's 'acceptable'.  It all comes down to how the rest of your budget looks.
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Offline Omni

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Re: Personal Stuff
« Reply #1640 on: June 13, 2021, 08:34:09 pm »
Try a boat....Bring On Another Thousand

Exactly. I bought a boat. Sailed it for 4 years, sold it for 1k over purchase. I do miss it though.

Offline MH

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Re: Personal Stuff
« Reply #1641 on: June 13, 2021, 09:02:57 pm »
1.   I know people who are paying 50% of their income for housing.   
2. I don't have the ability to go out or take expensive vacations.
3. You can't really have an arbitrary percentage that's 'acceptable'.  It all comes down to how the rest of your budget looks.

1. Well, I would assume they aren't renting something far beyond their means, which would be akin to throwing money away on expensive car beyond one's means.

2. I didn't catch whether you are paying a lot for locomotion.   

3. I suppose, but the idea is really that you have basic living expenses, and then "disposable income".  Nobody who makes what I make should be buying a $40K car...

Offline Gorgeous Graham

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Re: Personal Stuff
« Reply #1642 on: June 13, 2021, 09:52:45 pm »
"nice" but if it's double-digit percentages of your take home pay...

My friend just told me about a think in LA where guys have expensive cars that they LIVE out of....

A decent used car that's a few years old with relatively low mileage might be around 10k.  Compared to a new luxury car, let's say a cost of 75k, that extra 65k is a full year's salary for many people.  I can't imagine working an entire year just to be able to go from a used Corolla to a BMW.  As I said I'd much rather retire a year early.  But for the people who can truly afford it hey go nuts.
I can tell how good of a person you are by how you treat the people you disagree with.
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Offline Gorgeous Graham

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Re: Personal Stuff
« Reply #1643 on: June 13, 2021, 09:57:54 pm »
LA is really sad, I have two cousins who live there.  They were visiting with their teenage sons and I mentioned how I'm going to give my Mazda to my daughter when I get a new car and their faces dropped.  Turns out they would be too embarrassed to show up at school with anything less than a BMW.

LA all together is a really status driven city and I would never live there.  You're going to extremes though if you bring that up as an example of why people want a nice car.

People in LA are horrible like that.  I'd imagine so many people walking around with plastic surgery, designer pure-bred dogs on their leashes, judging everyone for what they wear.  It's like nothing is real.  That's why it's Hollywood I guess, the land of make-believe.
I can tell how good of a person you are by how you treat the people you disagree with.
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Offline wilber

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Re: Personal Stuff
« Reply #1644 on: June 13, 2021, 10:38:05 pm »
1. Well, I would assume they aren't renting something far beyond their means, which would be akin to throwing money away on expensive car beyond one's means.

2. I didn't catch whether you are paying a lot for locomotion.   

3. I suppose, but the idea is really that you have basic living expenses, and then "disposable income".  Nobody who makes what I make should be buying a $40K car...

There comes a time in life where not everything needs to be an investment, unless you are just doing it to leave your kids a bigger estate. As one wise person once told me "if you don't fly business class your kids will."
"Never trust a man without a single redeeming vice" WSC
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Offline Gorgeous Graham

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Re: Personal Stuff
« Reply #1645 on: June 14, 2021, 07:52:45 pm »
There comes a time in life where not everything needs to be an investment, unless you are just doing it to leave your kids a bigger estate. As one wise person once told me "if you don't fly business class your kids will."

I don't think any parent owes their kids any money.  Don't die with a load in the bank.   Everyone needs a house, they'll get that which is enough.
I can tell how good of a person you are by how you treat the people you disagree with.

Offline wilber

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Re: Personal Stuff
« Reply #1646 on: June 15, 2021, 11:20:44 am »
In the past I have played the proud grandpa with his oldest grand daughter in the UBC rugby program and looking forward to watching her play next year with her sister who is also joining the program. After missing half of her first year rehabbing from a broken fibula and Covid cancelling the next year she has been training like crazy and in the best shape of her life. Last week she was playing touch rugby with her club and she doesn't know whether she stepped in a hole or something but her knee just went pop. Diagnosis, torn ACL and partially torn MCL and meniscus. Surgery in the fall and another season missed. She was devastated but being the person she is she said she cried it all out in the first couple of days and now is just concentrating on doing the work to get back. The kid has never been a quitter. I feel so bad for her, but proud as well.
"Never trust a man without a single redeeming vice" WSC
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Offline the_squid

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Re: Personal Stuff
« Reply #1647 on: June 15, 2021, 11:30:30 am »
In the past I have played the proud grandpa with his oldest grand daughter in the UBC rugby program and looking forward to watching her play next year with her sister who is also joining the program. After missing half of her first year rehabbing from a broken fibula and Covid cancelling the next year she has been training like crazy and in the best shape of her life. Last week she was playing touch rugby with her club and she doesn't know whether she stepped in a hole or something but her knee just went pop. Diagnosis, torn ACL and partially torn MCL and meniscus. Surgery in the fall and another season missed. She was devastated but being the person she is she said she cried it all out in the first couple of days and now is just concentrating on doing the work to get back. The kid has never been a quitter. I feel so bad for her, but proud as well.

Rugby is a tough sportů.  Not everyone can last, regardless of how good they are.  Sometimes bad luck pops its ugly head up.

Offline wilber

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Re: Personal Stuff
« Reply #1648 on: June 15, 2021, 12:27:41 pm »
Rugby is a tough sportů.  Not everyone can last, regardless of how good they are.  Sometimes bad luck pops its ugly head up.

Up until her broken leg which was the result of someone else falling on her in a ruck, her rugby career had been free of any serious injuries. Just the usual things like a broken nose and dislocated fingers. No concussions or other serious stuff that kept her out for more than a game. Since then she seems snake bit.
"Never trust a man without a single redeeming vice" WSC

Offline MH

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Re: Personal Stuff
« Reply #1649 on: June 18, 2021, 05:32:39 am »
Just got the results from my lung Cancer scan and got the all clear. So glad I did this and so glad I quit smoking when we were getting ready to have Easy.

If you smoked, get your GP to set up a scan...

I'm going to live to 90.
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