Good Financial Advice

[RoyDalParticipant]

Lessons in Finance from the Famous

http://jameshirsen.com/lessons-in-finance-from-the-famous/

Society asks MGTOWs: Why are you not making more tax-slaves?

[ILiveAgainParticipant]

Great link RD. I remember Bill Burr talking about the way Tiger Woods and Arnie were raped for no other reason ….  then they could.

There was nobody there to help them. Warn of the bus loads of gold digging whores who would come after them.

Head not dick ☺

[Won'tGetFooledAgainParticipant 3293]

The advice in that article seems pretty obvious, save as much of your income as you can and don’t get into debt.   The people who moan about never having any money are the ones that have an expensive car on finance, go on holiday twice a year, go out every weekend, have the latest mobile phone and buy coffee and lunch out every day.   They spend more than they earn so end up buying useless things they don’t need on credit cards which just means they end up having less and less money each month.

I save half my salary each month and I find this easy as I don’t waste any money on rubbish I don’t need.

1)The most important rule is to have no debt.  Use all your spare money to clear your debt, starting with the debt with the highest interest rate first.

2)Don’t have a credit card.  If you must have one for emergencies, make sure you don’t carry it and it has a zero balance.

3)Buy a second hand car cash, never finance a car.  Learn how to fix it yourself, this will save you a fortune and make you less reliant on other people which is MGTOW.

3)Make your own lunch each day and never buy coffee out.  Although this might not sound like a large amount each day, it adds up to a fair amount each month

4)Don’t eat out if you can avoid it.  Personally, I know I can make much nicer food at home myself for a tenth of the cost.

5)Don’t date.  For me, when I was still blue pill this was taking up a ridiculous amount of my money each month.  Spending money on trying to impress women in the hope that they will sleep with you is a totally blue pill thing to do.  The aim should be to get a couple of FWB who know the score and are happy for you to pop over and just have sex.  I find that these sort of women are so pleased to spend time with you that you don’t need to spend money to try and impress them.  If you are having to spend money on a woman to impress her then she is clearly not that into you and is purely after your money.

 

 

For women, everything eventually boils down to Alpha Fucks, Beta Bucks.

[BeerParticipant 11832]

Won'tGetFooledAgain wrote:

3)Buy a second hand car cash, never finance a car. Learn how to fix it yourself, this will save you a fortune and make you less reliant on other people which is MGTOW.

Buying used cars is such an amazing way to save so much money over the course of your life time.  I bought a 2013 car in march.  Two years earlier someone drove it off the lot with a sticker price of 31,000.  The thing was in perfect shape mechanically, and only had a couple cosmetic blemishes…a scuff on one rim and a couple small scratches you’d really have to look for to see…pretty much par for the course for any 2 year old car that isn’t living in a garage and being driven as a pleasure vehicle.  I paid 17,000 for it, and the guy that financed it at 31,000 probably ended up paying 36,000 for it after interest…so I pretty much got a two year old car for half price, and as long as I take care of it it should easily still have 80-90% of its life span left ahead of it.

In 4 years, if I want a change, or just want something newer for some reason, I could probably sell it for like 8k at least if I wanted, add like 9k to it, and go buy another 2 year old car.  I could literally buy a 2 year old car every 4 years and it would be cheaper than buying 1 new car and driving it for 8.  But hey…if people are ok with the ridiculous amount of money you lose the second you drive a brand new car off the lot, I’m not going to stop them, it just gives me a bigger selection to pick from next time I’m looking to buy.

[Won'tGetFooledAgainParticipant 3293]

Beer wrote:

Buying used cars is such an amazing way to save so much money over the course of your life time. I bought a 2013 car in march. Two years earlier someone drove it off the lot with a sticker price of 31,000. The thing was in perfect shape mechanically, and only had a couple cosmetic blemishes…a scuff on one rim and a couple small scratches you’d really have to look for to see…pretty much par for the course for any 2 year old car that isn’t living in a garage and being driven as a pleasure vehicle. I paid 17,000 for it, and the guy that financed it at 31,000 probably ended up paying 36,000 for it after interest…so I pretty much got a two year old car for half price, and as long as I take care of it it should easily still have 80-90% of its life span left ahead of it.

I live in the UK and it seems a lot of people are so terrified of a car breaking down or having to deal with a garage that they would rather lease a brand new car that they will never own.   In the UK, once a car gets to 3 years old it has to pass a basic roadworthy test (M.O.T) every year which takes about 40 minutes.  I worked with a guy who would rather buy a brand new diesel Ford Focus every 3 years and lose £10,000 in the process than have to take the car for an M.O.T.

We also have pretty much the cheapest second hand cars in the world, yet people would still rather buy a bottom of the range brand new Kia Picanto when for the same money they could have their choice of BMWs, Audi’s or Mercedes.

My dad is a mechanic so I have the advantage of being able to get my car fixed for free.   I am currently driving an immaculate 10 year old Audi A4 Convertable which cost me around 10% of the original list price.   I used to have an Audi A6 which my uncle was very jealous of until I pointed out he could have bought three of them for what his poverty spec Vauxhall Astra cost.

These are the people that constantly moan about having no money and think leasing a brand new car is going to be cheaper than buying a second hand car outright.

For women, everything eventually boils down to Alpha Fucks, Beta Bucks.

[BeerParticipant 11832]

Won'tGetFooledAgain wrote:

These are the people that constantly moan about having no money and think leasing a brand new car is going to be cheaper than buying a second hand car outright.

That’s what my car was…one that someone had leased with no accidents and a clean title.  I’m not a mechanic, I don’t do much on my own, but if you don’t beat the crap out of your car how much stuff really breaks on them?  My last car, I had for a little over 10 years, and other than the basic gas/lube/filters/tires/brakes all cars will need…it went to the shop for repairs three times during that period, and I took it in at 100k just for a tune up and to have my mechanic give it a quick look over to see if anything needed done.  I maybe put 1000-1200 into it…but that car was the same deal…bought it when it was 2 years old at less than half price, kept it for over 10 years.  Had I bought it new and kept it for 12 years it would have cost 19k, plus any interest on a loan since I didn’t have that much cash at the time, and it would have had the same 1000 dollars for repairs needed, so I would have paid in the ballpark of 20-25k.  Instead I paid 8000 for it, plus 1000 for repairs…so I paid 9000 to have it for 10 years instead of 20-25k to have it for 12.  Seems like a no brainer to me.

[AntaresParticipant 208]

Why is it that people are so terrified of their car breaking down that they only buy new, and rotate every two years? Like it’s guaranteed you’ll be sodomized on the side of the road by wild animals if your car ever breaks down. Just get the f~~~ing thing towed and get a new car. The universe will not end if you have to walk or take the bus for a week. These days you can buy a fairly old Honda (just to name one brand) and the damn thing will run forever.

I realized holding on to a car for just an extra year or two, means I’d buy two (or more) less cars over my lifetime. Saving the cost of even a car or two is a LOT of cash.

Price is what you pay, value is what you get. -- Ben Graham

[Author]

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