Try my method for getting out of debt!

[StealthParticipant 5326]

Pay it off.

"Once you’ve taken care of the basics, there’s very little in this world for which your life is worth deferring." -David Hansson. "It’s not when women are mean or nasty that anything is out of the ordinary. It’s when they are NICE to you that you have to be on high alert..." -Jackinov.

[SpiderHerderParticipant 3753]

I don’t know… sounds too complicated.

[HermitParticipant]

After my divorce, I struggled financially. It was sure a nice feeling to get even just one thing paid off. Can’t remember for sure, but I believe child support was the first thing to end. Then I paid off my motorcycle, then my new shed and lastly was my truck. With each thing getting paid off, it was an ever increasing feeling of relief. When my truck was paid off, I cancelled full coverage insurance and that was a big financial relief as well. Now I pay liability only.

Unfortunately, I now have this new house payment and it will take quite a while to pay off, but it’s the only thing I owe on now and buying a house is actually much cheaper than renting one. I’d have so much money if it wasn’t for the house payment, but I’m doing pretty good right now. Bank account still growing slowly but steadily. Should get a nice work bonus this year to boost the account even higher. Would like to build up enough so I could afford to slap down $10K for a house payment to help get it paid off sooner. That wouldn’t knock off very much time, but it’d sure help.

The evil in women’s hearts leaves them no moral bounds as to inhibit them from descending to the lowest levels of darkness to acquire their self entitled desires.

[The Black ScorpionParticipant 2142]

I was talking to a few of my older uncles a few years back before they passed away.

One of them was one of the hardest workers I’ve ever known, but when we talked about money he told me that, “Financing killed me.” Buying things on credit and paying the interest ate up a lot of the money he earned through his hard work.

The other uncle, although a bacherlor his entire life, told me that one of the biggest mistakes he ever made in his life was that he always wanted a new car every year (trying to be a chick magnet no doubt). Can you imagine the money he p~~~ed always over the decades on a depreciating asset like a car?

Learn from these men’s mistakes – I did.

The greatest tragedy in life is to spend your whole life fishing only to discover that it was not fish you were after. - Henry David Thoreau

[MusclecarGolferParticipant 636]

Yes. Cash-flow all purchases (exceptions for residences) and throw additional principal against the monthly mortgage payments also. Don’t buy new unless essential, and place primary value on utility instead of style. Splurge tactically and proportionally, yet push frugality to the point of discomfort and misunderstanding by others. Discipline, restraint, and delayed-gratification are what separate the elite from the rest.

How do you know you’re doing it the right way? When everyone around makes fun of you for being antiquated, behind-the-times, old-fashioned, uncool, outdated, unhip, <insert derogatory and scornful insult here>, ad-infinitum.

As a 41 y/o on my to seven-figure status, on a sub-six figure income, I write this from 20+ years of practice – it works…every time.

[SandalsParticipant 4253]

[SandalsParticipant 4253]

SpiderHerder wrote:

I don’t know… sounds too complicated.

Needs more cowbell

[SandalsParticipant 4253]

[FrankOneParticipant 1417]

MusclecarGolfer wrote:

Yes. Cash-flow all purchases (exceptions for residences) and throw additional principal against the monthly mortgage payments also. Don’t buy new unless essential, and place primary value on utility instead of style. Splurge tactically and proportionally, yet push frugality to the point of discomfort and misunderstanding by others. Discipline, restraint, and delayed-gratification are what separate the elite from the rest.
How do you know you’re doing it the right way? When everyone around makes fun of you for being antiquated, behind-the-times, old-fashioned, uncool, outdated, unhip, <insert derogatory and scornful insult here>, ad-infinitum.
As a 41 y/o on my to seven-figure status, on a sub-six figure income, I write this from 20+ years of practice – it works…every time.

Yes, I like shopping at thrift stores. I am called ‘cheap’, ‘never spent a dollar he earned’, etc. Funny how they come begging for LOANS, though, isn’t it?

I’d rather collect rent from the Jones than keep up with them.

Full-time work becomes an option, not a necessity, once you’ve accumulated the wealth you have.

[Mr. SpockParticipant 10907]

I don’t know if this will work. Sounds too good to be true.

Feminism isn't about equality with men, it's about leverage over men.

[ResidentEvil7Participant 9540]

I have been debt sober for 7 years this month. Whatever I charge on my Sony VISA card, I pay for it in full on the first of the next month when SSI disability pays me. I no longer charge more than I can pay back; I learned that the hard way. Almost 13 years with credit and I built amazing credit score of 806. Not bad for a guy on government disability SSI. If I had enough money, my credit score would allow me to buy a house.

https://themanszone.webs.com/

[HermitParticipant]

ResidentEvil7 wrote:

I have been debt sober for 7 years this month. Whatever I charge on my Sony VISA card, I pay for it in full on the first of the next month when SSI disability pays me. I no longer charge more than I can pay back; I learned that the hard way. Almost 13 years with credit and I built amazing credit score of 806. Not bad for a guy on government disability SSI. If I had enough money, my credit score would allow me to buy a house.

When I bought my house, my score was 811. Not really concerned about my credit score now though because I don’t want to have to go into debt for anything else. This house payment is bad enough. Never was concerned about it at all in the past either. I’ve always paid all my bills on time so I’ve always had good credit.

The evil in women’s hearts leaves them no moral bounds as to inhibit them from descending to the lowest levels of darkness to acquire their self entitled desires.

[EGParticipant 1851]

MusclecarGolfer wrote:

Yes. Cash-flow all purchases (exceptions for residences) and throw additional principal against the monthly mortgage payments also. Don’t buy new unless essential, and place primary value on utility instead of style. Splurge tactically and proportionally, yet push frugality to the point of discomfort and misunderstanding by others. Discipline, restraint, and delayed-gratification are what separate the elite from the rest.
How do you know you’re doing it the right way? When everyone around makes fun of you for being antiquated, behind-the-times, old-fashioned, uncool, outdated, unhip, <insert derogatory and scornful insult here>, ad-infinitum.

Couldn’t have said it any better myself.

[ResidentEvil7Participant 9540]

When the time comes for me to buy a house, it will be a single lump sum and not monthly payments where I’d pay for because of interest. I’m saving my money and I have $14K saved. And if I win tomorrow’s Powerball game, I won’t have to worry about SSI, jobs and being bankrupt or homeless again. Freedom will be all mine!

https://themanszone.webs.com/

[SandalsParticipant 4253]

Hermit wrote:

When I bought my house, my score was 811.

811? Dude, who are you, James Bond??

[SandalsParticipant 4253]

ResidentEvil7 wrote:

And if I win tomorrow’s Powerball game

If you win Powerball, can you buy us all a house?

[Won'tGetFooledAgainParticipant 3293]

I work with people who despite earning a decent salary moan constantly about having no money. I asked one of them what he spends his money on and the answer was :

1)Sky TV = £100 a month
2)Cleaner = £120 a month
3)eating out at the weekend = £100 a week
4)Car payment = £450 a month
5)Buys lunch every day = £100 a month

That is probably 40%+ of his take home pay immediately, yes it’s a mystery why you are always broke……

This is the issue, it is obvious how not to be in debt but the issue is that people see a fake social media lifestyle and have such low self esteem that they think they need that too.

Me, I drive a 12 year old car, have no credit cards, no loans, £200 mobile with £10 PAYG sim, don’t care for Apple products and have a years take home pay in cash in the bank.

As the video above states, be weird they think I am weird for driving that car but it does exactly what their £450 a month cars do. Looking at my bank balance and the peace of mind it gives me is way better than the feeling of driving a nice car.

For women, everything eventually boils down to Alpha Fucks, Beta Bucks.

[SpiderHerderParticipant 3753]

It’s much easier to be the weird guy for me. It’s in my DNA. LOL

But seriously, I once had several thousand dollars in debt, when I realized my life was empty and I was sad, I stopped spending money on useless things, paid it all off in 6 months. There.

Anyway, great advice, Stealth. Sorry for mocking you… just kidding.

[SpiderHerderParticipant 3753]

Won'tGetFooledAgain wrote:

As the video above states, be weird they think I am weird for driving that car but it does exactly what their £450 a month cars do. Looking at my bank balance and the peace of mind it gives me is way better than the feeling of driving a nice car.

Maybe one day, they’ll get it… like we already do. *wink*

[HermitParticipant]

Sandals wrote:

Hermit wrote:

When I bought my house, my score was 811.

811? Dude, who are you, James Bond??

I don’t get that joke, but it made me laugh anyway.

The evil in women’s hearts leaves them no moral bounds as to inhibit them from descending to the lowest levels of darkness to acquire their self entitled desires.

[Author]

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