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Re: 24 year old trying to get to millionaire by 35, punch holes in me plan
Old 03-04-2007, 12:22 PM   #221
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Re: 24 year old trying to get to millionaire by 35, punch holes in me plan

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I'm just frugal by nature so it's how I know to live, once I get up to that million threshold, I'll start to let it go a bit
We'll see! Please let us know when you hit 35 how your spending changes. Frugality is a VERY hard habit to break, trust me! More money didn't seem to cure it for me, but getting married on the other hand... Somehow I am now enforced into a 20% minimum tipping scale when we eat out, no matter the service! Fancier vacations that don't involve just going to mexico and drinking too much

It is the small things that creep up on ya
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Re: 24 year old trying to get to millionaire by 35, punch holes in me plan
Old 03-04-2007, 12:35 PM   #222
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Re: 24 year old trying to get to millionaire by 35, punch holes in me plan

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.............. but getting married on the other hand
I know what you mean. DW told me I was Director of Inflows, and she was Director of Outflows.
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Re: 24 year old trying to get to millionaire by 35, punch holes in me plan
Old 03-04-2007, 01:10 PM   #223
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Re: 24 year old trying to get to millionaire by 35, punch holes in me plan

it's hoped that inflow > outflow.
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Re: 24 year old trying to get to millionaire by 35, punch holes in me plan
Old 03-04-2007, 01:11 PM   #224
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Re: 24 year old trying to get to millionaire by 35, punch holes in me plan

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Originally Posted by AirJordan
Yes it is in fact possible. A lot of my money consists of being out on the road and going to court houses. I get per diem money tax free, and I get mileage tax free. So when I make 100k a year, I might only have to pay 20k in taxes, since so much of my income is tax exempt. I don't live in my parent's basement, just an apartment I share with 3 guys and a girl, which is about 200$ a month for each of us, so just 2400 a year. I've got a steady girlfriend, and I drive a pretty nice car.

I am a scrimper in a lot of ways though, hardly ever go out to eat, brown bag it a lot, get drinks before I go to the bar. Etc. etc., I'm just frugal by nature so it's how I know to live, once I get up to that million threshold, I'll start to let it go a bit :P
don't let the curmedgeons here beat ya down AJ. Some of the people here are just jealous: you have a high income, are young, AND have a clue! You have much to learn, but then, don't we all? Just keep plugging away and keep accumulating. Read lots of books and get varied opinions. You'll find the path that works for you and hopefully it won't cost you a fortune! Whatever you do, at this point you are way ahead of the game.
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Re: 24 year old trying to get to millionaire by 35, punch holes in me plan
Old 03-04-2007, 01:17 PM   #225
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Re: 24 year old trying to get to millionaire by 35, punch holes in me plan

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don't let the curmedgeons here beat ya down AJ.
My feeling is if one has knowledge or opinions that he feels are hard won and at least somewhat likely to be helpful, and he is willing to make the effort to express these ideas clearly, then someone like AJ really doesn't deserve to hear them. No vale la pena.

I have no issues with truth or falsehood of what he says. He is likely telling the truth. My issue is with his lack of ordinary courtesy and also the idiocy of coming to ask people something and then arguing with what they say! :P


Ha
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Re: 24 year old trying to get to millionaire by 35, punch holes in me plan
Old 03-04-2007, 01:33 PM   #226
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Re: 24 year old trying to get to millionaire by 35, punch holes in me plan

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My feeling is if one has knowledge or opinions that he feels are hard won and at least somewhat likely to be helpful, and he is willing to make the effort to express these ideas clearly, then someone like AJ really doesn't deserve to hear them. No vale la pena.

I have no issues with truth or falsehood of what he says. He is likely telling the truth. My issue is with his lack of ordinary courtesy and also the idiocy of coming to ask people something and then arguing with what they say! :P


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Re: 24 year old trying to get to millionaire by 35, punch holes in me plan
Old 03-04-2007, 01:42 PM   #227
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Re: 24 year old trying to get to millionaire by 35, punch holes in me plan

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Originally Posted by Spanky
it's hoped that inflow > outflow.
Fortunately, I was better at inflows than she was at outflows. But I must admit, it's more of a challenge now that I'm retired.

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Re: 24 year old trying to get to millionaire by 35, punch holes in me plan
Old 03-04-2007, 01:44 PM   #228
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Re: 24 year old trying to get to millionaire by 35, punch holes in me plan

Hmmm - 1970 Colorado - XKE Jag(after timing chain mishap zapped roadster), girl from NYC, roommate to cut expenses, jumped on all the per diem assignments I could get, Dean Witter full service stockbroker, sking at Vail, etc.

Jag was used, brown bagged at Vail - And index funds didn't come out till 1977 - heh heh - 73/74 market sort of popped my bubble but I read Ben Graham's Intelligent Investor then and now - it only takes one.

So are indexers skins or shirts? This is fun. Hang in there - you will make it - but I still believe you gonna pay more than you need to.

heh heh heh - theoretically impure but 'mostly' an indexer.
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Re: 24 year old trying to get to millionaire by 35, punch holes in me plan
Old 03-04-2007, 02:13 PM   #229
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Re: 24 year old trying to get to millionaire by 35, punch holes in me plan

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Originally Posted by HaHa
My feeling is if one has knowledge or opinions that he feels are hard won and at least somewhat likely to be helpful, and he is willing to make the effort to express these ideas clearly, then someone like AJ really doesn't deserve to hear them. No vale la pena.

I have no issues with truth or falsehood of what he says. He is likely telling the truth. My issue is with his lack of ordinary courtesy and also the idiocy of coming to ask people something and then arguing with what they say! :P


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Re: 24 year old trying to get to millionaire by 35, punch holes in me plan
Old 03-04-2007, 04:06 PM   #230
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Re: 24 year old trying to get to millionaire by 35, punch holes in me plan

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Originally Posted by unclemick2

Jag was used, brown bagged at Vail - And index funds didn't come out till 1977 - heh heh - 73/74 market sort of popped my bubble but I read Ben Graham's Intelligent Investor then and now - it only takes one.

Now if you only had bought a couple of slope side Condo's.
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