Haven't seen anything about him here for awhile. Ready for the controversy!
Recently someone called in and said they have $2 million in savings and her husband wanted to buy a $150K motor home/RV or something like that.
Our savings are similar plus a pension and later SS but I would be scared to death to buy something that expensive (that wasn't a house).
We have 10 year old SUV, 3 year old fun car and a 32 yr old jeep (original owner!)
He said sure, you can afford it, enjoy.
That's 7.5% of their savings.
Am I being too conservative or is he crazy? (like his 12% ROI)
Of course he makes a big deal about people being "millionaires." My thought is that they are forty-thousandaires not millionaires.
Any opinions?
Recently someone called in and said they have $2 million in savings and her husband wanted to buy a $150K motor home/RV or something like that.
Our savings are similar plus a pension and later SS but I would be scared to death to buy something that expensive (that wasn't a house).
We have 10 year old SUV, 3 year old fun car and a 32 yr old jeep (original owner!)
He said sure, you can afford it, enjoy.
That's 7.5% of their savings.
Am I being too conservative or is he crazy? (like his 12% ROI)
Of course he makes a big deal about people being "millionaires." My thought is that they are forty-thousandaires not millionaires.
Any opinions?