Im likely to be able to live off rent money in the future. Both me and my mrs work so we are saving hard to keep acquiring. However judging from where u guys live and the type of work you do,im probably the poorest on this forum amongst the regulars i would think. I own 2 cars but drive around in a ford laser ffs,that gives you an indication im a very economical dude.
This is one of the small keys to wealth in my opinion. I also have two cars, both 9 years old.and still going perfectly well, and still both in great condition.
Such a pointless money pit new cars. Most of.my mates get new cars every 3-5 years and think what they are doing is a great decision every time. "Oh i like new, they are more reliable and cheaper to run, are not broken ever" etc.
Want to know how many times ive had to fix either of my cars?
Once. And it was a warranty job. Spent nothing major on either car ever, and i do most of the maintenance on them, another huge saving over the life of a car. I paid cash for both also initially, so no interest either. I've spent less on two great cars in the last 10.years than most silly ****s spend in 5 years on one.
Other things too that make no sense to me are:
- Running aircon 24/7, 365 days per year.
- Washing clothes every day.
- Running clothes dryers because cbfd hanging shit outside.
- buying the newest greatest phone on the newest greatest plan every year or two.
- wasting fucking food.
Thats thousands of wasted dollars. Thousands. 10's of thousands if you include new cars all the time. Money that can be used to build wealth rather easily tbh. Put that wasted money into your super, or into other investment strategies and watch it grow!
My father inlaw is a small time millionaire, never once had a year.in his life where he earnt more than 78k. He just didnt piss into the breeze with shit he didnt need. Lol
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