Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
A kindred spirit?
Old 03-15-2016, 07:07 PM   #1
Moderator
ziggy29's Avatar
 
Join Date: Oct 2005
Location: Texas
Posts: 15,613
A kindred spirit?

The tightwads frugal folks who choose to live well below their means will appreciate this:

Kawhi Leonard Drives A ’97 Chevy Because ‘It Runs And It’s Paid Off’

From the article:

Quote:
He often drives a rehabbed ’97 Chevy Tahoe, nicknamed Gas Guzzler, which he drove across Southern California’s Inland Empire as a teenager. “It runs,” Leonard explains, “and it’s paid off.”
He'll probably be FIREd by the time he's 40 if he wants to. Hell, he's already FI, especially seeing how he manages his money.....
__________________

__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)

RIP to Reemy, my avatar dog (2003 - 9/16/2017)
ziggy29 is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 03-15-2016, 07:24 PM   #2
Administrator
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 38,932
But, but, but... he's only 24 years old! I didn't even have my first car by then, old or new!

OK, OK, I realize he makes a lot of money but it's pretty hard for me to relate. He is definitely living below his means, but his means are so much more than mine ever were at that age.
__________________

__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities.

- - H. Melville, 1851
W2R is online now   Reply With Quote
Old 03-15-2016, 07:27 PM   #3
Full time employment: Posting here.
 
Join Date: Jan 2007
Location: Thousand Oaks
Posts: 839
Quote:
Originally Posted by W2R View Post
But, but, but... he's only 24 years old! I didn't even have my first car by then, old or new!

OK, OK, I realize he makes a lot of money but it's pretty hard for me to relate. He is definitely living below his means, but his means are so much more than mine ever were at that age.

Also realize his career will most likely be over in 5 years


Sent from my iPhone using Early Retirement Forum
__________________
mh is offline   Reply With Quote
Old 03-15-2016, 07:40 PM   #4
Thinks s/he gets paid by the post
 
Join Date: Jan 2011
Posts: 1,210
Kudos to him; it sure looks like he has his head on straight.
__________________
mystang52 is offline   Reply With Quote
Old 03-16-2016, 12:38 PM   #5
Moderator
Walt34's Avatar
 
Join Date: Dec 2007
Location: Eastern WV Panhandle
Posts: 16,571
Good to hear about one who is doing it right instead of spending it all and then going bankrupt.
__________________
I heard the call to do nothing. So I answered it.
Walt34 is offline   Reply With Quote
Old 03-16-2016, 01:16 PM   #6
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
 
Join Date: Jun 2002
Location: Texas Hill Country
Posts: 42,133
I'm not sure but I suspect (and hope) he and some of his other teammates are following the lead of David Robinson, another Spur who is up for induction into the sadly underpopulated NBA Financial Management Hall of Fame.
__________________
Numbers is hard

When I hit 70, it hit back

Retired in 2005 at age 58, no pension
REWahoo is offline   Reply With Quote
Old 03-16-2016, 01:24 PM   #7
Thinks s/he gets paid by the post
 
Join Date: Jan 2006
Posts: 2,972
I can understand and appreciate keeping his spending down during his rookie contract but now he should spend some money. His rookie contract was for 4yrs/$8.3M. At the end of his contract he probably still had $4M after taxes, plenty to FIRE at age 24. It was smart to limit spending in case he blew out his knee and was forced to retire after his first contract. Now that he signed a GUARANTEED 5yr/$94M+ contract last summer, there is NO reason not to spend a lot more money.
__________________
aaronc879 is offline   Reply With Quote
Old 03-16-2016, 01:32 PM   #8
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
 
Join Date: Jun 2002
Location: Texas Hill Country
Posts: 42,133
Quote:
Originally Posted by aaronc879 View Post
Now that he signed a GUARANTEED 5yr/$94M+ contract last summer, there is NO reason not to spend a lot more money.
But if he is happy, is there any reason TO spend a lot more money?

This guy apparently doesn't think so:

Quote:
The man who founded IKEA, the world-famous Swedish furniture store, insists on flying economy and buying his clothes secondhand at flea markets.

Kamprad, who turns 90 this March, has an estimated net worth of $39.3 billion.
How a Swedish Farm Boy Hustled His Way to Becoming the Billionaire Owner of IKEA
__________________
Numbers is hard

When I hit 70, it hit back

Retired in 2005 at age 58, no pension
REWahoo is offline   Reply With Quote
Old 03-16-2016, 04:12 PM   #9
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
mickeyd's Avatar
 
Join Date: Apr 2004
Location: South Texas~29N/98W
Posts: 5,884
Kawahi Leonard has the biggest hands in NBA. Does being LBYM indicate big hands?
__________________

__________________
Part-Owner of Texas

Outside of a dog, a book is man's best friend. Inside of a dog, it's too dark to read. Groucho Marx

In dire need of: faster horses, younger woman, older whiskey, more money.
mickeyd is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Spirit Airlines announces "Spirit Superiority" MichaelB Travel Information 3 04-01-2015 03:12 PM
Greetings Kindred Spirits/Birds of a Feather Green Hornet 21 Hi, I am... 8 11-19-2013 04:52 PM
Favorite spirit HFWR Other topics 71 08-08-2008 03:48 PM
Spirit Cruises - welcoming your input Fireup2020 Other topics 7 05-30-2007 02:47 PM

 

 
All times are GMT -6. The time now is 06:39 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.