I am done with the soul sucking idea that debt is necessary... - Page 13 - Triumph Forum: Triumph Rat Motorcycle Forums

Biker Hang-Out The Biker Cafe' at the end of the Universe. C'mon in, we talk everything about motorcycles on Earth and beyond.


Sponsored by: Motorcycle Accessory Discount Superstore

 
LinkBack Thread Tools Display Modes
post #121 of 393 (permalink) Old 11-08-2012, 08:46 AM
Banned
Moto Grand Prix
Main Motorcycle: 1995 Daytona 1200
 
Join Date: Jul 2006
Location: northeast Pennsylvania
Posts: 3,134
Other Motorcycle: 1979 T140E, '06 Scrambler
Extra Motorcycle: 851 Sprbk, YZF R-1, SV650
Thanks for pointing that out.
You are right, of course, but a list of 430 companies that would have lost the investor the same amount could be compiled too.

The standard caveat, "past performance is no guarantee of future returns" shouldn't be ignored.

I'm in agreement with your contention that returns over 3% aren't too difficult to achieve and that a balanced portfolio is the best course but some of us are in situations that require we be more risk averse.
SlowPocono is offline  
Sponsored Links
Advertisement
 
post #122 of 393 (permalink) Old 11-08-2012, 09:45 AM
Lifetime Premium
Site Supporter
Team Owner
Main Motorcycle: Bonneville SE
 
PopPop's Avatar
 
Join Date: Aug 2009
Location: Saint Paul, Minnesota
Posts: 5,039
I have been contributing a regular amount weekly to a Fidelity 457b fund for 13 years. I have chosen funds that have conservative to moderately agressive risk. I regularly get letters from my broker telling me how well my portfolio is doing and I always have to remind him that's a result of my weekly contributions. To date I have about 2% more than if I had just stuffed it in a sock. Likewise with retirement funds in a 4501k and Roth IRA.

EDIT: OOPS, some bad book keeping here. That return is actually about 5.5%, my sock is actually bigger than I thought it was.

Yes, I am as big a pain in the ass in person as I seem to be on line.

Last edited by PopPop; 11-08-2012 at 10:31 AM.
PopPop is offline  
post #123 of 393 (permalink) Old 11-13-2012, 12:41 PM Thread Starter
Senior Member
SuperBike
Main Motorcycle: 2014 FZ09
 
Join Date: May 2012
Location: Indianapolis
Posts: 1,608
Quote:
Originally Posted by Sal Paradise View Post
Great that you got a promotion. Congrats, but I will skip the sermon from now on. Especially the part where you get your kids clothes in a thrift shop while you waste money on new motorcycles and boob jobs. Dad of the year!
I didn't receive a promotion. If you read the thread, youd know this.

I bought a new motorcycle using my own personal allowance money that is budgeted. Granted it took 6 years of trading up and saving up to do this, but this is money that is there to be wasted, its a discretionary spending allowance. Which is also what paid for my wifes surgeries.

Have you ever been to a consignment store? Have you ever had children? First off, the clothes there are like new, for 20% of the new price. That is a no brainer. The same logic applies to buying used cars, motorcycles etc. There is no logical reason to buy new. Secondly, children grow fast and thier clothes will only fit them for three months. Again, why buy everything new? There is no logical reason.

I bought a new bike, I did, brand spanking new. However, unlike most, I paid $9800 OTD for my S3, I was patient and didn't have to have it right now.

If you don't want to read this thread, then don't. I would argue that I am a great father, because I am teaching my children that material things do not matter. I am also teaching them that if the want shiney new things, that they need to save and show patience. I am also teaching them that there are many times in life, when buying new just to buy new, is stupid, even if it is the American way.

Your attack on my ability to father my children or lead my family is terribly misguided, unwarranted and completely uncalled for.

I have to admit, more people have tried to talk me into remaining in debt, than have ever supported living debt free. Seems odd.



Sent from my HTC Glacier using Motorcycle.com Free App

2014 Blazing Orange FZ09
2011 Crystal White S3-SOLD

Last edited by Speedycaptain; 11-13-2012 at 12:52 PM.
Speedycaptain is offline  
post #124 of 393 (permalink) Old 11-13-2012, 01:06 PM
Lifetime Premium
Site Supporter
SOTP Vintage Series
Main Motorcycle: Speed Four
 
spank86's Avatar
 
Join Date: Oct 2009
Location: Hampshire, England
Posts: 7,462
Other Motorcycle: HMS ThunderAce
With regards to speedy captains buying habits, I would have rather had named brand stuff second hand than new bought I branded stuff when I was a kid.

As it happens I didn't get the option but nobody needs to know your shiny new trainers were nearly new but everyone knows your t shirt is from BHS.

Ever thought this forum might be a lot less random if any of us actually read the contents of each others posts?

You don't have to be stupid to be wrong, and you don't have to be wrong to be stupid.
spank86 is offline  
post #125 of 393 (permalink) Old 11-13-2012, 01:25 PM Thread Starter
Senior Member
SuperBike
Main Motorcycle: 2014 FZ09
 
Join Date: May 2012
Location: Indianapolis
Posts: 1,608
Like I said many times before. This is our way to become free from debt. This is not the only way, maybe not the ”best” way, or your way... This isn't supposed to be a thread for forum members to make personal attacks that are uneducated. I am trying to dig my family out of a hole, this is how I am doing it. Like it or not, it works for us.

Sent from my HTC Glacier using Motorcycle.com Free App

2014 Blazing Orange FZ09
2011 Crystal White S3-SOLD
Speedycaptain is offline  
post #126 of 393 (permalink) Old 11-13-2012, 01:49 PM
Lifetime Premium
Site Supporter
SuperSport
Main Motorcycle: '12 Speed Triple R
 
9990's Avatar
 
Join Date: Jul 2012
Location: Philadelphia
Posts: 1,054
Other Motorcycle: '13 Moto Guzzi Norge
Quote:
Originally Posted by Speedycaptain View Post
I have to admit, more people have tried to talk me into remaining in debt, than have ever supported living debt free. Seems odd.
Speedycaptain,

I don't know if this was in response to my suggestion. But rest assured I wholeheartedly support your move to be debt free! If you can pay off your house, I think that's fantastic. Too many people just assume they'll have a mortgage forever -- and even move to more expensive houses regularly, resetting the mortgage clock each time.

I say good for you, and wish you luck with it.
9990 is offline  
post #127 of 393 (permalink) Old 11-13-2012, 05:23 PM Thread Starter
Senior Member
SuperBike
Main Motorcycle: 2014 FZ09
 
Join Date: May 2012
Location: Indianapolis
Posts: 1,608
Quote:
Originally Posted by 9990 View Post
Speedycaptain,

I don't know if this was in response to my suggestion. But rest assured I wholeheartedly support your move to be debt free! If you can pay off your house, I think that's fantastic. Too many people just assume they'll have a mortgage forever -- and even move to more expensive houses regularly, resetting the mortgage clock each time.

I say good for you, and wish you luck with it.
It wasnt you, or just you, LOL... but thanks, I appreciate the support.

2014 Blazing Orange FZ09
2011 Crystal White S3-SOLD
Speedycaptain is offline  
post #128 of 393 (permalink) Old 12-06-2012, 08:35 AM Thread Starter
Senior Member
SuperBike
Main Motorcycle: 2014 FZ09
 
Join Date: May 2012
Location: Indianapolis
Posts: 1,608
In November I worked about 5 days, so we were down about $1k on our house payment, from plan... so, this month, it is all out warfare! I am picking up flying out of any base that has trips open. The first two weeks of this month I am only home 2 days, but it will help to regain the ground lost in November. The only thing that makes it worth while, is knowing after it is all done, I CAN work 5 days per month and watch my kids grow.

2014 Blazing Orange FZ09
2011 Crystal White S3-SOLD

Last edited by Speedycaptain; 12-06-2012 at 08:45 AM.
Speedycaptain is offline  
post #129 of 393 (permalink) Old 12-06-2012, 08:51 AM
Senior Member
World SuperBike
Main Motorcycle: 2010 Bonneville SE Black
 
echoraven's Avatar
 
Join Date: Jun 2011
Location: Brandon, FL
Posts: 2,322
Other Motorcycle: 2011 Rocket III Touring
...still my hero.

...exposing Forchetto's real identity since 2011...
echoraven is offline  
post #130 of 393 (permalink) Old 12-06-2012, 09:04 AM Thread Starter
Senior Member
SuperBike
Main Motorcycle: 2014 FZ09
 
Join Date: May 2012
Location: Indianapolis
Posts: 1,608
Echo, I had a conversation with my 9 year old daughter this morning... She was asking about horseback riding lessons, a cell phone and a new computer. Why were we even discussing this? Because these are all things that her peers are "blessed" with... or perhaps cursed with.

The hardest part about living within your means, is trying to explain to your kids that most people dont, and that is the only reason that they have "more" than you. But, do they really have "more" if they have mortgaged themselves into a corner and left themselves with no choice but to have both mom and dad working 60 hours per week to make all of those payments? To me, it isnt worth it.

To me, the value is in giving my wife the CHOICE to stay home with the kids, and giving myself the CHOICE to work a reserve schedule at work and be home all day 25 days per month. Sure, she can CHOOSE to go to work and I can CHOOSE to work a full schedule, but that is then a CHOICE and not a necessity. Then there is no rat race, there is no need to sprint when you arent running from creditors.

2014 Blazing Orange FZ09
2011 Crystal White S3-SOLD
Speedycaptain is offline  
Sponsored Links
Advertisement
 
Closed Thread

Quick Reply
Message:
Options
All posts must adhere to Forum Rules

Register Now



In order to be able to post messages on the Triumph Forum: Triumph Rat Motorcycle Forums forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter your valid email address, that can receive an automated confirmation message. Otherwise, you won't be able to gain full access.

Email Address:
OR

Log-in









Human Verification

In order to verify that you are a human and not a spam bot, please enter the answer into the following box below based on the instructions contained in the graphic.



Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes
Linear Mode Linear Mode



Similar Threads
Thread Thread Starter Forum Replies Last Post
Triumph Acknowledge debt to Brando johnny black Air Cooled Twins Talk 33 02-25-2010 01:28 PM
sucking it flat HeyMan Tiger Chat 3 12-18-2006 11:43 AM
Tax Debt Sale!! Wolf Daytona Deliberations 0 07-11-2005 07:15 AM
Tax Debt Sale!! Wolf Speed Triple Forum 0 07-11-2005 07:14 AM

Posting Rules  
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome