Lot of $$ / Buy vs. Rent
11-01-2024 | 11:39 AM
#121
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Anyone at a legacy right before COVID who was either on 1 or 2 year pay, switched to a WB or upgraded has seen their already upper middle class salary literally double. My salary more than doubled and I sit reserve and have had to leave my house an average of 7 days a month for work.
Also my 401k has doubled, and the equity in my house has increased several hundred thousand dollars.
How any of you people can be anxious about your current financial issues boggles my mind.
When we start facing headwinds and the country is embroiled in much more chaos airline pilots are going to be absolute balls of anxiety.
We will likely know in a week if that’s gonna be very soon or sometime later in the future for some other reason. But it’s gonna happen.
Also my 401k has doubled, and the equity in my house has increased several hundred thousand dollars.
How any of you people can be anxious about your current financial issues boggles my mind.
When we start facing headwinds and the country is embroiled in much more chaos airline pilots are going to be absolute balls of anxiety.
We will likely know in a week if that’s gonna be very soon or sometime later in the future for some other reason. But it’s gonna happen.
You guys out there with vacation houses, fancy cars, airplanes etc amaze me!
11-01-2024 | 12:08 PM
#122
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11-01-2024 | 12:34 PM
#123
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Joined: Feb 2008
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We (I) are worried because all the money coming in can stop nearly on a dime due to pay cuts and furloughs. I don’t plan on keeping this income coming in for long so I am making the most of it for now.
You guys out there with vacation houses, fancy cars, airplanes etc amaze me!
You guys out there with vacation houses, fancy cars, airplanes etc amaze me!
11-01-2024 | 12:36 PM
#124
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11-01-2024 | 12:36 PM
#125
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We (I) are worried because all the money coming in can stop nearly on a dime due to pay cuts and furloughs. I don’t plan on keeping this income coming in for long so I am making the most of it for now.
You guys out there with vacation houses, fancy cars, airplanes etc amaze me!
You guys out there with vacation houses, fancy cars, airplanes etc amaze me!
At some point you have got to live life. After a year or two on property, most of these things can be had if you buy smartly, build a realistic budget (not at 85 hours at your current rate) and have an exit strategy in mind. Extra revenue streams are helpful as well. It’s smart to exercise caution, but no so much that you let life pass you by in constant fear of the next black swan.
11-01-2024 | 01:19 PM
#126
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Joined: Jul 2013
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We (I) are worried because all the money coming in can stop nearly on a dime due to pay cuts and furloughs. I don’t plan on keeping this income coming in for long so I am making the most of it for now.
You guys out there with vacation houses, fancy cars, airplanes etc amaze me!
You guys out there with vacation houses, fancy cars, airplanes etc amaze me!
I would not live your life in fear of what might happen. Once you have 15% below you on the seniority list a quick stoppage of income is highly unlike. The things you mention can be sold if needed. A vacation home for me was always a investment with the added bonus that my family gets personal enjoyment out of it. You want a diversified portfolio and one part of that should be real estate. The real estate side of my portfolio is what is allowing me to enjoy a great retirement without financial issues.
At some point you have got to live life. After a year or two on property, most of these things can be had if you buy smartly, build a realistic budget (not at 85 hours at your current rate) and have an exit strategy in mind. Extra revenue streams are helpful as well. It’s smart to exercise caution, but no so much that you let life pass you by in constant fear of the next black swan.
MODS, AGAIN, didn't chop anything out using quote function yet the quotes are messed up, AGAIN.
Last edited by crewdawg; 11-01-2024 at 01:33 PM.
11-01-2024 | 01:47 PM
#127
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Joined: Dec 2007
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Go ahead and upgrade. You won't regret the increased QOL at home. New appliances are so much nicer and not only cost less than a days pay, but has 0% financing for 12-24 months depending on retailer. Dishwasher cleans, sanitizes, and dries everything. Frenchdoor fridge has all kinds of space and looks good. Washer dryer sleek and quiet. Also super clutch phone notification when cycle complete. Annoying forgetting clothes in the washer and gotta rewash cuz they musty
11-01-2024 | 02:22 PM
#128
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Joined: Jul 2010
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Go ahead and upgrade. You won't regret the increased QOL at home. New appliances are so much nicer and not only cost less than a days pay, but has 0% financing for 12-24 months depending on retailer. Dishwasher cleans, sanitizes, and dries everything. Frenchdoor fridge has all kinds of space and looks good. Washer dryer sleek and quiet. Also super clutch phone notification when cycle complete. Annoying forgetting clothes in the washer and gotta rewash cuz they musty
11-01-2024 | 03:12 PM
#129
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From: Enoch Powell Enthusiast
https://external-content.duckduckgo.com/iu/?u=https%3A%2F%2Ftse1.mm.bing.net%2Fth%3Fid%3DOIP. BnQer_9NFkpdPh0YicvecAHaEK%26pid%3DApi&f=1&ipt=8dc 4bc9ac7347d8dfcb7682f6466b3a22ad1192fd63284f0b50d9 e8513b4acfd&ipo=images
You mean “tenant”? N-T… big difference.
(bonus points if you can name the movie)
You mean “tenant”? N-T… big difference.
(bonus points if you can name the movie)
Also, Tenet was a rare Christopher Nolan miss.
11-01-2024 | 05:34 PM
#130
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Joined: Dec 2022
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At some point you have got to live life. After a year or two on property, most of these things can be had if you buy smartly, build a realistic budget (not at 85 hours at your current rate) and have an exit strategy in mind. Extra revenue streams are helpful as well. It’s smart to exercise caution, but no so much that you let life pass you by in constant fear of the next black swan.
