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Old 09-11-2009, 07:48 PM   #21
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Contrags, that's simply awesome.
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Old 09-11-2009, 08:55 PM   #22
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Originally Posted by levnubhin View Post
rmcelwee, I want your trailer.
Make your own:

http://www.lightweightmiata.com/trailer/




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Old 09-11-2009, 09:10 PM   #23
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Congratulations man. I bet that feels nice. Due to my income I get laughed at at work because I drive a 2001 Toyota echo, and then went and bought a 15 year old miata instead of an M3. I've been out of school for two years and have a plan to pay down vehicle, student loans, then house. I think everyone would sacrifice a little more if they stopped for a second and realized how little income one needs to be happy when they aren't shelling it all out in monthly payments.

Once my Xterra is paid off I will then apply that payment to my next smallest loan. Continue and repeat until it stays in my pocket

It's amazing the pressure that is put on Americans in general to carry lots of debt just to keep up with the Jones'. I recently visited with relatives in Ottawa Canada. They put a lot more value in being able to vacation. I noticed a lot fewer flashy cars etc.
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Old 09-12-2009, 02:29 AM   #24
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Congrats man, that's awesome. You guys can expect a similar thread from me in the spring of 2037... *sigh*
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Old 09-12-2009, 02:50 AM   #25
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gj man i been debt free for a month now since i paid off my Mazda 3. I always try to keep a minimum of debts imo.
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Old 09-12-2009, 09:10 AM   #26
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great work 42 is impressive, I remember when my father paid of his house, i think he was 46, he thought about buying a corvette, then didn't. he's still working and loves the fact he can tell everyone to suck it and not ever work again. I love watching smart financial decisions pay off in the end. Many of my friends make a whole lot more than i do and somehow manage to squander it and have nothing to show for it. I had originally planned on 35 but after some quick math and since i'm turning 29 next friday it's looking like 42 as well. cool this is the wife says i can retire when we pay the house off and she'll continue to work as she truly loves her work.
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Old 11-09-2010, 02:34 PM   #27
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Well, it lasted for a year and then I had to screw it up. Last week I took a loan ($8300) out of my 401K to buy my new Miata. I'm sure we will get it paid back quickly but paying cash for the car would have completely wiped out all of my savings / emergency fund / etc. Just thought you guys would want to know that I am once again in debt (does it count if you owe yourself the money?).
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Old 11-09-2010, 02:38 PM   #28
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Quote:
Originally Posted by rmcelwee View Post
(does it count if you owe yourself the money?).
Are you playing interest on it? If so, yes.
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Old 11-09-2010, 02:41 PM   #29
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Quote:
Originally Posted by rmcelwee View Post
Well, it lasted for a year and then I had to screw it up. Last week I took a loan ($8300) out of my 401K to buy my new Miata. I'm sure we will get it paid back quickly but paying cash for the car would have completely wiped out all of my savings / emergency fund / etc. Just thought you guys would want to know that I am once again in debt (does it count if you owe yourself the money?).
I think the $8300 for what you are buying is well worth the loan. Should be fun once you get it.
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Old 11-09-2010, 02:44 PM   #30
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Opportunity cost yes, but debt no. As long as you do save efficiently, then you are allowed to spend a little here and there. That's what the money is there for partially.
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Old 11-09-2010, 02:53 PM   #31
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Are you buying Chad's NB?
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Old 11-09-2010, 02:56 PM   #32
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I will have $420k in student loans in about 3 years. Kill me now.
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Old 11-09-2010, 03:02 PM   #33
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Quote:
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Are you playing interest on it? If so, yes.
yeah but you pay it to yourself. nobody else gets your money.
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Old 11-09-2010, 03:03 PM   #34
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Are you playing interest on it? If so, yes.
Yes, but the interest is paid to me. So does it count?

There was a $125 fee to take the loan though. I figured it was worth $125 to keep my wife from freaking out that I spent every penny we had saved up over the past year. FWIW, we are contributing 33% of my two week check to the 401K and then sticking $800 of what was left into an emergency account. This means my bank account was getting lower every month but we were trying to catch up a bit in the 401K before the year was out.
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Old 11-09-2010, 03:04 PM   #35
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I will have $420k in student loans in about 3 years. Kill me now.
You better be planning on installing a lot of boob mods to pay that back and still make a living.
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Old 11-09-2010, 03:12 PM   #36
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Are you buying Chad's NB?
No, the piece of **** V8 conversion that was discussed here:

https://www.miataturbo.net/miata-parts-sale-trade-5/v8-miata-ls1-miata-%2410500-dothan-al-49867/

I got it off ebay for $8150. He's replaced the clutch and fixed the headlights since posting that CL ad.

Yehaw!
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Old 11-09-2010, 03:24 PM   #37
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I wish I was debt free.

I consider rent and insurance to be debt. Other than that, I own my car, my HDTV, my laptop, etc...
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Old 11-09-2010, 03:26 PM   #38
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Currently owing about $500 to the bank and to my CC. Looking to be completely debt-free by the end of the year.
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Old 11-09-2010, 03:38 PM   #39
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Quote:
Originally Posted by neogenesis2004 View Post
You better be planning on installing a lot of boob mods to pay that back and still make a living.
Hopefully it'll pay off in the LONGGG run.
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Old 11-09-2010, 04:41 PM   #40
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Ive got enough cheddar in the bank to pay off the second morgatge small credit card debt. I'd pay it but these days I want cash in the bank.
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