Starting over

Discussion in 'General' started by Metalhead, Dec 12, 2018.

  1. rd400racer

    rd400racer Well-Known Member

    I thought that too...

    Paid off two houses earlier this year. Now my taxes and insurance are over $1000 a month. Yeah, that's less than the mortgages but jeez they get their hooks in you any way possible.
  2. Scott S.

    Scott S. Well-Known Member

    Life can throw some crap at anybody any time. Two years ago mine blew up. Lost all. Homeless in a van.. Not much romance in that when your 60 and trying to live on 1100.00 a month pension after a while, then a mild stroke in October set me back a bit. Shook my confidence even more, but most importantly, gave me a dose of reality and helped me get my head out my ass and quit feeling sorry for myself.
    Kid is off doing his own racing gig now, marketing, training and so on.
    I did something right there anyway.
    A couple weeks ago finaly got tired of it all and then got a break..
    There is a saying that if you want to keep something you have to give it away. My calling came in. I am teaching advanced mechanics to kids at Job Corps.
    Pay is okay, benefits are excellent, they offer pensions... Maybe save a kid or two. They need welding instructors.
    Last edited: Dec 13, 2018
    beac83, Fencer, SpeedyE and 6 others like this.
  3. Paige

    Paige Well-Known Member

    As crazy as it sounds, I bet MH would be an excellent teacher. Those kids would probably relate well to him.
  4. Scott S.

    Scott S. Well-Known Member

    They would
  5. jrsamples

    jrsamples Banned

  6. kangasj

    kangasj Well-Known Member

    Ya and that shit NEVER goes just goes up. That's why I sold the damn house. If I ever decide I want to crawl back on land maybe I'll find a cheap shack to rent or buy.... I guess it's OK if the property appreciates faster than the 1K a month but.....
    rd400racer likes this.
  7. COOP 1

    COOP 1 Well-Known Member

    I'm confused. Your taxes and insurance went up because you became debt free?
  8. Venom51

    Venom51 John Deere Equipment Expert

    Still better off to not be shitting out 3 to 5% in interest down the drain on the big stuff or worse be in credit card debt at 9 to 18%...

    We currently stack money away at an alarming rate and have been for the last decade or so...
  9. Tristan

    Tristan Well-Known Member

    I'm thinking he didn't notice before as the payment was rolled into 1
    SuddenBraking and rd400racer like this.
  10. Funkm05

    Funkm05 Dork

    Waitaholdit ... aren’t you the one that just bought a shiny new Porsche? :Poke:
  11. BigBird

    BigBird blah

    don't think it was "new" but close enough :D
  12. rd400racer

    rd400racer Well-Known Member

    Tristan hit it on the head. Yeah, it's my fault for not paying attention to how much of the payment went towards the T&I portion of the monthly. Reality hit in a big way.
  13. Venom51

    Venom51 John Deere Equipment Expert

    Yes and we still managed to save a high priced executives salary worth of money again...

    Ohhh and only one payment was made on the Porsche....
    Funkm05 and BigBird like this.
  14. RRP

    RRP Kinda Superbikey

    Man you guys are a giant ray of sunshine...
    MachineR1 and 418 like this.
  15. jrsamples

    jrsamples Banned

    Welcome to the beeb!!!!!
  16. kangasj

    kangasj Well-Known Member

    Curious, didn't your taxes go up due to losing the homestead and mortgage credit?
  17. Motofun352

    Motofun352 Well-Known Member

    Everybody has their own take on how to live. I have one work friend who spent every dime as soon as he got it. Didn't borrow much and didn't save any either. He had all the cool toys and lots of fun while it lasted....then retirement hit. He's OK but no extra cash so he's liquidating his toys for pennies on the dollar. My Dad always had me save 20% of everything I made. Did that religiously (well except when the kids were in college). I had, have plenty of toys, nothing like him, but I haven't been bored either. Funny thing is I'm also selling off a lot of the "stuff". Tired of all the maintenance. Who was right and who was wrong? I ask myself that a lot. I've no worries and he has some. On the other hand much of the moolah will probably end up with either the retirement home or the kids so there's that.
    jrsamples likes this.
  18. Jack Brock

    Jack Brock Well-Known Member

    Where do you live? I ask, because on my primary house, taxes and insurance are over $9k/year. We have a second home out of state at $2.2k/year, so my focus is to retire there. If a decent place could be had for half that on t & i, I might have to reconsider where I retire. EDIT*Nevermind, I just re-read it and realized that figure was per month.
  19. ToofPic

    ToofPic Member known well

  20. eggfooyoung

    eggfooyoung You no eat more!

    Nobody's more impressed with Kenny, than Kenny!
    jrsamples likes this.

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