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03-15-2016, 06:07 PM
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#1
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Oct 2005
Location: North Oregon Coast
Posts: 16,483
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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:
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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.”
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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)
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03-15-2016, 06:24 PM
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#2
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2007
Location: New Orleans
Posts: 47,500
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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.
Happily retired since 2009, at age 61. Best years of my life by far!
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03-15-2016, 06:27 PM
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#3
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Thinks s/he gets paid by the post
Join Date: Jan 2007
Location: Thousand Oaks
Posts: 1,111
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Quote:
Originally Posted by W2R
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.
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Also realize his career will most likely be over in 5 years
Sent from my iPhone using Early Retirement Forum
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03-15-2016, 06:40 PM
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#4
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Thinks s/he gets paid by the post
Join Date: Jan 2011
Location: Fair Lawn
Posts: 2,962
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Kudos to him; it sure looks like he has his head on straight.
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03-16-2016, 11:38 AM
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#5
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Moderator
Join Date: Dec 2007
Location: Eastern WV Panhandle
Posts: 25,340
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Good to hear about one who is doing it right instead of spending it all and then going bankrupt.
__________________
When I was a kid I wanted to be older. This is not what I expected.
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03-16-2016, 12:16 PM
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#6
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,021
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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
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03-16-2016, 12:24 PM
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#7
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2006
Posts: 5,350
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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.
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03-16-2016, 12:32 PM
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#8
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,021
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Quote:
Originally Posted by aaronc879
Now that he signed a GUARANTEED 5yr/$94M+ contract last summer, there is NO reason not to spend a lot more money.
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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.
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How a Swedish Farm Boy Hustled His Way to Becoming the Billionaire Owner of IKEA
__________________
Numbers is hard
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03-16-2016, 03:12 PM
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#9
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Apr 2004
Location: South Texas~29N/98W Just West of Woman Hollering Creek
Posts: 6,674
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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.
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