Originally Posted by Kanati
Once you have kids you will never... have... money... again.
No exactly true....but anything you save, you spend on them!
If you have a motorcycle and the associated goodies that go with it. Sell those, if you have a gun safe, filled with expensive guns, sell those. You know that Xbox 360 you bought along with all the games, sell that. That 50" plasma TV you just bought....get rid of it, along with all that fancy A/V equipment. Instead of eating out 3 times a week, eat at home. give up going to the bar. If you have a fancy car with the HUGE payments, get rid of it, buy something cheap. reliable and fun (Scion
) give up smoking. Now that your not sitting in front of you HUGE ASS plasma screen TV, playing Xbox, or going to the bar to drink and smoking, get a second PT job. Use all the above money to pay off your debts. And guess what you'll still have your mutual funds, and you'll still be able to contribute to them.
I personally know one member of this board, who wanted a new BMW, he's bar tending in the evenings
Smart guy, isn't going into debt and will have new bike in the spring.
I wanted a new bike(s).....I saved my pennies.....did extra jobs.....watched what I was spending on.....for example do you really need that racer replica Arai helmet, when a closeout HJC helmet from Newenough will do? Do you really need the tire warmers for track days? The easiest thing to do in the world is save money.