Ever had a "luxury loan"?

[Boob Johnson]

Wel Boob Johnson,
Sad to see that the almighty dollar seems to be the only way you measure things by.
From that point of view you may be right......

We as humans however add up to more then just an ability to accru maximum amounts of bling ......some of us at least.

Lots of bling does not make you rich....

Lots of bling doesn't make you rich??? What on earth are talking about???



I don't measure everything by the dollar, but it sure plays a large part in all that we do day to day & to not have a set plan is just plain silly in my opinion, if you can't see the dart board how do you expect to hit it?

Prudent fiscal policy does not automatically mean you have only nice (the most expensive) things or are rich. I sure as hell aren't rich. But I make the absolute most out of what I do have these days. Whatever I buy is well thought out & planned. With every bike I get its an upgrade. Right now im saving for the next one & that money is earning interest. I already know what it is, the colour, everything! I know exactly what they sell for at the cheapest to the dearest so when the time is right ill buy right once again & get the best possible deal I can. Ill own it out right & when im done with that one ill trade up once again, rinse & repeat. Natural growth not "I want it, ill have it...........RIGHT NOW & ill justify why paying more for it with some self made hodge podge to make myself feel better". Now this is where Pussy & Patch seem to have got their knickers in a twist, if you know what you are in for, have calculated the extra money that will be spent by having it right now then that's your business, its an expectable price to pay to bring the date forward. That's your choice/right as a citizen, it doesn't however change the fact it's not the smartest way to purchase.

Ever heard of the chap who traded his way from a paper clip to a house? (link below)

http://oneredpaperclip.blogspot.com/

That's the type of thing im talking about. Being smart with what you have, granted that is an absolute extreme case lol but im sure you get the picture.

As previously mentioned I have made money on bikes & will do so with my current car & bike or at worst come out pretty close to even. How you ask? By being patient, saving the cash, studying the market & buying well. I do it on smaller items as well & have some great experiences with bargin hunting, it's a game. Budget where you can, scrimp n save where possible then with that you saved buy the things you want.

Lastly, ever heard of Patricia Monagan? Not sure on the spelling of her last name. At the age of 28, single & working as a manager of a Mac Dee's in Sydney she accumulated a large portfolio of property. She wouldn't be on more than $40k I would say & has managed to achieve THAT! Being smart with a little can lead to a lot (if thats what you want).

I hope that explains it a bit clearer

[Pussy]

Awww, Boob left me some red rep telling me to pull my head in, because I don't agree with him. Diddums. I suppose winning an argument with him is like winning a race at the special olympics.

[Boob Johnson]

Awww, Boob left me some red rep telling me to pull my head in, because I don't agree with him. Diddums. I suppose winning an argument with him is like winning a race at the special olympics.

Crying over spilt milk John? You got a red not because you don't agree, because you presume to know me when you do not. Struth even a special Olympian would agree spending more than is required isn't a prudent move lol, but hey do share some of that folksy wisdom from down on the farm.

There is no argument John, just you throwing ya toys out of the cot, something I understand that isn't foreign for you.

[Pussy]

Crying over spilt milk John? You got a red not because you don't agree, because you presume to know me when you do not. Struth even a special Olympian would agree spending more than is required isn't a prudent move lol, but hey do share some of that folksy wisdom from down on the farm.

There is no argument John, just you throwing ya toys out of the cot, something I understand that isn't foreign for you.

Nup, no crying or toy throwing. It's quite arrogant of you to presume you have a handle on everyones fiscal prudence, and that if an individual doesn't do it your way, then it's wrong.
I suppose all of this is increasing your post count, which is obviously very important to you

[avgas]

my rule of thumb is this, if i can sell the thing at 90% of the total of the loan, then im not that backwards. Which is probably why i dont have a mortgage yet. Screw taking a loan on something that i could sell at 30% the loan rate.

[owner]

Not yet but Im thinking about it!!

[Boob Johnson]

Nup, no crying or toy throwing. It's quite arrogant of you to presume you have a handle on everyones fiscal prudence, and that if an individual doesn't do it your way, then it's wrong.
I suppose all of this is increasing your post count, which is obviously very important to you

You haven't quite got to grips with this thread John or the point being made, if you wish to, then re read it, I sincerely hope you do.

You're not actually going to argue that paying anything over & above the purchase price is prudent are you? Arrogant? Maybe, am I correct? Yes & it WOULD take a special Olympian to argue that. My way? Not my way, only going by what ive been taught by people who know what the fuck they are on about, who the fuck are you?

[scumdog]

Bah humbug to you lot and 'fiscal security' ad nauseum!!

"Sustainable level of debt" is the way to go - otherwise you might be dead before you save all the money needed for that 'must have' toy or trip or whatever.

[Oscar]

I tend toward the "life is short" credo.

Having said that, I'm lucky that I have a reasonable income, so I have the wherewithal to go crazy occasionally.

What I've done the odd time is where I have stumbled across an absolute bargain, I've borrowed to acquire it. The last example was my KTM, which I bought at three months old, with 1500km's on it for $6000 under new price.

It was my dream bike, we'd just built a house, I had no cash, so I borrowed to buy it.

Two years later, I've had the use of it - but if I'd have waited to be a cash buyer I still wouldn't have it.

[awayatc]

Give up smoking
Give up drinking
Give up sex
Give up Holidays
Give up motorbikes
Give up everything you enjoy...
Give up spending money alltogether....

You may actualy not live any longer.....
but it sure as hell will seem so.......

[ashlee]

Hello friends, I got an offer from Capital one to take out a 15,000 personal loan, requiring no collateral at a pretty high rate. Kind of need the money for moving expenses and feel like I can pay it off well ahead of schedule. But I was wondering if this will be damaging my credit. I don’t have any idea about this. Please comments on this topic. How will taking out a personal loan affect my credit?

[Boob Johnson]

Give up smoking
Give up drinking
Give up sex
Give up Holidays
Give up motorbikes
Give up everything you enjoy...
Give up spending money altogether....

You may actualy not live any longer.....
but it sure as hell will seem so.......

Prudent fiscal policy doesn't mean do without all luxuries, its about timing. Have you actually read this thread? Or are you deliberately trying to look like a clown?

Give up sex

Dunno bout you but ive never paid for sex (directly)

[Patch]

Now this is where Pussy & Patch seem to have got their knickers in a twist

ummm no - impossible. I ain't wearing no knickers.

You seem to have quite a comfy seat on your oh so high horse Mr. BooB.

Fiscal policy blah blah blah - no one's listening anymore, people will do what they want anyhow.

Fuck you must be good if you have 400 paying clients. Somehow I think there are a lot more idiots around than that, maybe you were visited by a few.


No one cares what I do but me. My business is none of your business.

[Boob Johnson]

You seem to have quite a comfy seat on your oh so high horse Mr. BooB.

Fiscal policy blah blah blah - no one's listening anymore, people will do what they want anyhow.

Fuck you must be good if you have 400 paying clients. Somehow I think there are a lot more idiots around than that, maybe you were visited by a few.


No one cares what I do but me. My business is none of your business.

Ok so you have taken a stance of "you can't tell me what to do" (not sure why as no one has told anyone what they must do). Do you disagree with the principal of fiscal prudence? Or is this just a childish "don't tell me what to do"?


Actually fuck it, you're right, im wrong, ignore ALL above you, every time you get the urge to buy something, don't think about it for a second, finance it, go mad, don't EVER wait for anything, just do it. Take a complete hedonistic approach to all financial matters, that's the way to go, what the fuck would anyone else know


You're a winner Patch

[Patch]

You're a winner Patch

Cheers Boob. Took ya long enuff to pick that up.



Note: don't assume things. You don't know shit what I do nor how I think.


Good luck with the interweb preaching crusade.