Just paid off my car

[ArcturisParticipant 2819]

I’m 27 years old. 4 Years ago, I made ANOTHER terrible financial decision for my first car. I bought a BRAND NEW vehicle on finance.

With insurance & petrol I’ve been paying between 25-35% of my salary a MONTH.

After going MGTOW just over a year ago, I put steps in motion to start clearing my debt. I realised how much money I was wasting on my relationship and I sacrificed my accommodation and entertainment habits to go ‘back to basics’. The past year I’ve lived in a room in someone else house but I love it. I don’t have to prove anything to anyone and I’ve also been able to pay back a lot of debt. (Side note: I also got a much better job!)

TODAY I PAID OFF MY CAR. IN FULL. A year earlier than my contract + the final payment so I didn’t have to give it back to the garage.

IT FEELS F~~~ING GREAT.

It might be my first car, it’s nothing fancy, but everyday I drive it i LOVE it. Now that feeling has been tripled as it belongs to ME!!

In 4 months time I will be totally debt free and I’m getting pretty excited. My ONLY compulsory expenses will be my rent and a £30 a month phone bill.

Just wanted to share some good news! 😀

Protect Your Sovereignty. Women WILL TRY To Manipulate You. #NOCONTACT #ICETHEMOUT

[743 roadmasterParticipant]

Congrats, feels good to get out from under payments.

mgtow is its own worst enemy- https://www.campusreform.org/

[ArcturisParticipant 2819]

Thanks roadmaster! Yes it does.

The more salary I free up each month – the better I feel.

Next plan is to save a flat deposit in 2 years, buy my first place at 30 and pay it all off by 35.

A small 1 bed will do me.

Then I can live the rest of my life on my terms and not need anyone for anything.

Protect Your Sovereignty. Women WILL TRY To Manipulate You. #NOCONTACT #ICETHEMOUT

[TaxGuyParticipant]

Great plan Arcturis. Not having a car payment is a huge relief. Now just plan for when the time comes that you’re paying too much for upkeep. Eventually it will make economic sense to trade it in for something newer.

Order the good wine

[ArcturisParticipant 2819]

Cheers TaxGuy – I live VERY close to work so it only has 28,000 miles. I look after it so should get a good few years out of it yet.

One less thing to worry about for a few years at least 🙂

Protect Your Sovereignty. Women WILL TRY To Manipulate You. #NOCONTACT #ICETHEMOUT

[JVBParticipant]

My man !!! Well done bro.

Peace is > piece.

[FrankOneParticipant 1417]

Excellent work!

I drive a 10 year old car. That saves a fortune. The tenants I rent properties to drive ‘nicer’ cars. But they are debt slaves. Change the oil and keep the car humming as long as possible. I plan to keep mine at least another 5 years unless it has a major problem. I garage it and maintain it. I have NFG if people snicker at my car — my net worth is multiples of theirs, I can retire at will. They are plantation debt slaves.

You also might want to consider STAYING in your current arrangement. In other words, buy the flat and rent it out the first few years rather than living in it, or get one with a basement or a room above a garage where you can live or one with three bedrooms and rent two out.. Then the tenant pays the rent for you, for, say, the first 5 years. With no car payment, and little or no rent, you can then double down on payments. Buying a double is also attractive. Rent half of it, live in the other half. I rent several paid off properties and I am in my late 40’s. My home has been paid off since my mid 20’s. That makes a HUGE difference in your ability to save, and ultimately your net worth, not having significant outlays for car and housing.

[BeerParticipant 11832]

The trick is to realize if you were once paying 50% of your income to monthly debt obligations, once you pay those debts off, you should be able to save 50% of your income. Most people will never realize this, carry debt burdens pretty much their entire life, and spend who knows how much on interest each year. Its so much nicer having a positive net worth and watching your money grow than it is paying interest on debts.

[MonkParticipant 16975]

MGTOW wins in so many ways.

Just think, if you had a female in tow, you would by now be on your fifth car and with more debt than ever.

[MarketWatcherParticipant]

Good job Sir!

Drive it until the wheels fall off.

No car payments for years.

[ArcturisParticipant 2819]

Thanks all & cheers for the advice.

Monk wrote:

Just think, if you had a female in tow, you would by now be on your fifth car and with more debt than ever.

Indeed. Most of what I’ve paid off the past year was because of her. Of course it was my decision to apply for loans but it was all to ‘please’ her and ‘compete’ against her instagram ‘friends’. We used to joke, all I had to do was take her places she could instagram and she’d be happy…

Sad but true.

All those holidays (because she NEEDED a hot holiday and a cold holiday every year), festivals, brunches, weekends away, etc etc.

FrankOne wrote:

You also might want to consider STAYING in your current arrangement. In other words, buy the flat and rent it out the first few years rather than living in it, or get one with a basement or a room above a garage where you can live or one with three bedrooms and rent two out.

Thanks FrankOne, interesting idea. I will consider that route once I’m in that position. No doubt i’ll be back here for advice.

Protect Your Sovereignty. Women WILL TRY To Manipulate You. #NOCONTACT #ICETHEMOUT

[iMickey503Participant 12465]

You know if you save up 100,000 bucks That’s a ton of money in Venuzila. Get a job doing remote customer service over the phone for some of these companies, make that min wage here at $15 bucks and hour and you will be happy as a clam till you really kick that bucket.

You are all alone. If you have been falsely accused of RAPE, DV, PLEASE let all men know about the people who did this. http://register-her.net/web/guest/home

[Anonymous 5]

Congratulations. You’re out of the herd loop. Consumerism is starting to release it’s iron grip on your indoctrinated mind.

It’s not how much you make, it’s what you do with your money, it’s how much your value has increased by the end of the year. Once you’re in the top 10%, it’s how much your worth after each 10 years.

Make an Excel or Open Office spreadsheet or use any of the free budgeting programs on the net to find out where your money really goes. It’s fascinating and fun.

Be like Ben Franklin and never pay too much for the whistle.
At first it takes discipline and a mild sense of self denial to cut out all the frivolous bulls~~~ spending that we think is making us happy but after 12 or 18 months we realize that none of that stuff ever brought us any real satisfaction anyhow. It was all chasing a consumer happiness goal that can never be reached.
This is the stage where making money becomes a game and it’s at this point you get more thrills having money than spending it.
Money is power.

[AwakenedParticipant 35200]

The LESS you pay to OTHERS; the MORE you pay to YOURSELF….

In a World of Justin Beibers Be a Johnny Cash

[LionOnTheLooseParticipant 1315]

Hey Arcturis! Great news. I don’t own a car, don’t really need one where I live, but I like the idea of the freedom it gives you. Sounds like you’re making great progress.

Arcturis wrote:

Of course it was my decision to apply for loans but it was all to ‘please’ her and ‘compete’ against her instagram ‘friends’. We used to joke, all I had to do was take her places she could instagram and she’d be happy…

What a load of f~~~ing bulls~~~. Women like this make me sick. I have to do social media for work but honestly I find it more and more nauseating: everyone being their own little PR agents, building their little “personal brands”, showing off and flexing. Instagram is the very bottom of the pit too in my view. It’s repellent, and encourages the very worse kinds of behaviour and attitude: obsession with image, greed, selfishness. It’s also the most brilliant way to extract money from women and their blue-pilled cucks. I’ve heard of hotels increasingly advertising how instagrammable they are.

You did well to escape all that crap my friend! Keep saving, live thriftily, overcome your ego and forget about the trappings of success and fame. I’m sure your finances in 5, 10, 15 years will be incredible and you’ll be living off that 4% before long.

There aren't holes in your pockets. It's called marriage.

[ArcturisParticipant 2819]

Such wise and true comments, thanks all.

@lion, Happy New Year mate!

Protect Your Sovereignty. Women WILL TRY To Manipulate You. #NOCONTACT #ICETHEMOUT

[Dark KenshiParticipant 2132]

I am in the same road, mate.

Working to pay my debts off, living a simpler life, because I have plans to retire at 55. I am currently 30, so I still have 25 years to save and buy my farm.
I want to be my own version of Dick Proenneke, and live far off in the cold mountains, but in the south hemisphere of the world, with nothing to my name, except the property and a few animals.

Keep up the great job, mate. I want to see your progress, so I can compare notes and start to build your property like you are doing now.
Cheers, mate!

"Young was I once, I walked alone, and bewildered seemed in the way; then I found me another and rich I thought me, for man is the joy of man." Odin, Hàvamàl, stanza 47.

[WPLParticipant 2390]

My daily-driver is 20 years old and it’ll hit a quarter-million miles on the original engine and transmission within a couple of months. My “weekend car” is 22 years old with 120k miles on it. Yes, things occasionally need attention beyond routine maintenance but I do nearly all repairs and maintenance myself so the cost to keep them going isn’t much. Even if I do have to eventually replace, say, an engine… it’ll cost me less than what some people pay on a couple months worth of car payments.

FrankOne wrote:

Excellent work!
I drive a 10 year old car. That saves a fortune. The tenants I rent properties to drive ‘nicer’ cars. But they are debt slaves. Change the oil and keep the car humming as long as possible. I plan to keep mine at least another 5 years unless it has a major problem. I garage it and maintain it. I have NFG if people snicker at my car — my net worth is multiples of theirs, I can retire at will. They are plantation debt slaves.
You also might want to consider STAYING in your current arrangement. In other words, buy the flat and rent it out the first few years rather than living in it, or get one with a basement or a room above a garage where you can live or one with three bedrooms and rent two out.. Then the tenant pays the rent for you, for, say, the first 5 years. With no car payment, and little or no rent, you can then double down on payments. Buying a double is also attractive. Rent half of it, live in the other half. I rent several paid off properties and I am in my late 40’s. My home has been paid off since my mid 20’s. That makes a HUGE difference in your ability to save, and ultimately your net worth, not having significant outlays for car and housing.

[Buller100Participant 2189]

Well done , you have identified the way to wealth..

[Anonymous 0]

Good on ya. Arcturis

[Author]

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