How do these guys afford sledding?!?

[polaris dude]

yeah 106,000 median not 150 but if you find someone paying that much lemme know! lol

 

[hivoltagesledhead]

Nothing wrong with 106,000 yr.

 

[ruffryder]

yeah 106,000 median not 150 but if you find someone paying that much lemme know! lol

I hear it all the time on the Dave Ramsey Show. Probably could do pretty well at bigger cities and what not.. Looks like there is a lot of opportunity.

 

[judger101]

ya but more often than not the bigger the city the higher the cost of living

 

[polaris dude]

Oh I agree 106k is quite respectable, but 150,000 is quite a step up. And my girlfriend absolutely loves fashion and interior design and stuff so if at some point we end up married and such she really wants to go live in New York for a year or two which I think would be kinda fun. I'd also like to live in denver possibly or somewhere out west where the snow is more plentiful!

 

[judger101]

if you are talking 106 in south dakota that is a very good living, 150 wouldnt even be close to the lifestyle in new york. it sure is cheap to live in the dakotas! i know quite a few friends that are pharmacists and it is a good place to be.

 

[hivoltagesledhead]

Oh I agree 106k is quite respectable, but 150,000 is quite a step up. And my girlfriend absolutely loves fashion and interior design and stuff so if at some point we end up married and such she really wants to go live in New York for a year or two which I think would be kinda fun. I'd also like to live in denver possibly or somewhere out west where the snow is more plentiful!

Just remember that this whole thread is about living within your means. Most people would kill to make 106,000 yr. 200,000 is quite a step up from 150,000, but anything is better t han living on the street.

 

[hivoltagesledhead]

yeah 106,000 median not 150 but if you find someone paying that much lemme know! lol

TRADES

 

[polaris dude]

Just remember that this whole thread is about living within your means. Most people would kill to make 106,000 yr. 200,000 is quite a step up from 150,000, but anything is better t han living on the street.

haha its funny because you say that, yet as I sit here on a friday night studying for my chemistry exam monday imagine how many other people are doing the same thing .

 

[hivoltagesledhead]

Study up, dude, study up......knowledge is key !!!!

 

[J-Roc]

Very Intersting thread!

I've now got a great job, that I LOVE, and fortunately, there is lots of hours. I've been on the other side too, and it can get scary. I used to have loans for everything. Now, I try my best to save, and pay cash. I still have a mortgage, and a work truck payment. I don't really consider those debt because the market is holding steady in real estate around here, and the truck is how I make my living.

I have older quads that I have paid cash for, and fixed up, and small sleds. We are happy, and are saving for a wedding and paying cash for a BRP Commander LTD here in a month or so.

Some of my friends have tons of loans. To each thier own I suppose, but our system wiorks for us, and I guess thats what matters!

 

[ruffryder]

I still have a mortgage, and a work truck payment. I don't really consider those debt

 

[sdsnocop]

Nothing wrong with 106,000 yr.

It would take 3 of me to make that salary even with a college degree and 26 years with the state of SD. We pretty much live paycheck to paycheck. I do have 2 months salary in savings. I have no loans except for a 75K morgage. I have never spent more than 5500 for a vehicle and 1500 for a sled. Not because I am cheap but that is what I can afford. My wife makes under 10k and I make a little extra parting out snowmobiles and ATV's for some xtra travelling money for the family. I am lucky I enough sick leave to last me 15 months if I get sick or injured and 15 weeks of leave if I quit and am eligable for retirement.

 

[oldsledsrule]

I don't know what banks you are talking about, but CD rates these days are a joke. 1-2%. And we know the stock market is up. So, um, yeah. Banks burn the average guy. ..............QUOTE]


I have been around the banking business for most of my adult life. Not a banker myself, but know hundreds of community bank presidents. In my line of work, we sell equipment to banks and credit unions....

I talk to these guys every day about their businesses.

Banking is not very profitable anymore. There are incredible expenses that community banks have had to pay for. The list is long and ever growing. I could write a 50 page post on all the things that financial institutions have to deal with in terms of regulations and expenses.

Banks work on a spread system. The reason you are not being paid much at all on CD's is that interest rates are low on the borrowing side. You cannot pay out 4-5% on CD's, and charge 4-7% on loans. The math just does not work..........

These small banks and credit unions make very small margins (If they are profitable at all).

It just chaps me when I see people bashing banks all the time. There are some very good honest people in this business and they are just trying to get a decent return on their investment.

Interesting how when you drive through just about any town or city that the newest, largest and most ornate building there is usually a bank but yet the banking industry is not making any money, maybe if they had to make due like the rest of us and were not putting up huge new buildings in this "poor economy" people would not be so down on them.

 

[snowmobilesrme]

just maybe they're part of a network marketing company of some sort....

network marketing has created more millionaires than any other industry in the world...

 

[Scott]

just maybe they're part of a network marketing company of some sort....

network marketing has put more participants below the poverty line than any other industry in the world...

fixed it for ya.

 

[judger101]

Interesting how when you drive through just about any town or city that the newest, largest and most ornate building there is usually a bank but yet the banking industry is not making any money, maybe if they had to make due like the rest of us and were not putting up huge new buildings in this "poor economy" people would not be so down on them.

noone said banks arent making money, the spreads are just down from a few years ago. one thing that kinda irritates me is when people say the banks are screwing everyone. YOU signed the loan papers for that car or house. noone made you do anything. these days most everything is fully disclosed at banks. they arent hiding anything. they arent "out" to get anyone, but if you agree to a contract you are expected to fufill it. the big bank thing is a marketing thing. if a bank is big and new and such, it gives people the impression that the bank is sound and their money is safe and isnt going anywhere. that way little old granny doesnt thing world war 3 is coming and she has to hide her money under her pillow.

 

[2Thetopp]

I once again noticed all the young guys(between 21-25) who all were riding 2011 or 2012 pro rmks that weren't exactly stock. I also noticed a couple of these fine fellows had nice 5th wheel rigs with towed with fairly new trucks too!

The only semi-logical explanation I could come up with is that most of them were farmers which is why they had the big trucks and trailers.
Anyone else what to chime in on possibilities?

Maybe they were "SPONSHURED"

 

[tymetoride]

I went to college and work for Big Oil (oil refinery) at the age of 26. I could probably do the new tricked out sled and big jacked up pickup thing... but op for the hold over sled and slightly used pickup. They are still really nice and most of the depreciation is already absorbed. It is a nice feeling knowing you have money on hand in case of an emergency. I think being broke in college really helped me build up a savings account. I have lots of friends though my age that have brand knew everything .... and lots of credit card debt and no money in the bank. Also have friends that do the same as me though... I think there is a lot of younger people out there that can afford stuff and then I think there are a lot posing like they can... I don't concern myself with it though... they will learn someday probably. My take on it all...

Sent from my DROID RAZR using Tapatalk

 

[Mattxp]

Oil money here definatley makes its way through the dealers. We farm and have a truck on hauling oil. Most jobs in patch are paying 30+. we pay 40 to drive the truck. do that all winter and she adds up.