no lol sled is worth more than the truck. lol 95 chevy almost 200,000 miles numerous dents and dings(i didnt do it!) on it pirdy much a POS with a pirdy 04 orange REV in the back lol. ha ha
how do you guys do it???
- Thread starter ragincajun
- Start date
Buy a carwash/detail business. My neighbor has one. That bastard goes skiing everytime it snows cuz his business is closed. Not me I lock in the hubs and venture to work and dream on.
M
modsledr
Well-known member
If I could go back to 20, I would definitely buy more real estate at an earlier age. Didn't buy my first house until I was 30...I was renting and bought a rental. Best move I ever made. Doubled my money in 5years and bought more real estate...leveraged equity and bought more...etc...etc...
Second best move was reading Rich Dad Poor Dad. Its not a get rich quick book, it's about how to think about money and investing. Example...if you have $20k cash to spend on a sled, DONT DO IT. Invest the money and spend the return on the sled. May take a little longer, but you will always have that $20k earning you a return, doubling every 7-8 years.
Like others have said...education, hard work, find something you love to do.....and condom till you're 35!! lol
modsledr
Second best move was reading Rich Dad Poor Dad. Its not a get rich quick book, it's about how to think about money and investing. Example...if you have $20k cash to spend on a sled, DONT DO IT. Invest the money and spend the return on the sled. May take a little longer, but you will always have that $20k earning you a return, doubling every 7-8 years.
Like others have said...education, hard work, find something you love to do.....and condom till you're 35!! lol
modsledr
DOGMEAT aren't you working the PATCH??? I call BS on you being broke
OH ya wear a helmet!!
Hell if I was back in Wyoming working I'd effectivley have a %7 raise without actually getting a raise! ... Gotta love states with a state income tax
But, the reason I'm broke is mainly because I made two really stupid financial decisions .... I took out a loan on a toy and a pickup truck, even though I bought a used truck and didn't over-buy the truck ... Bought just what I needed, but I still owe $500 a month on it and $300 a month on the 4-wheeler (stupid stupid stupid) ...
Plus work was really slow this winter so I did a lot of traveling ...
Ah well I just got what I hope will be a pretty decent pay raise, so hopefully I can get this stupid quad I bought paid off this summer or sold so I can go back to modding my sled
But yeah, taking out loans on toys is a stupid stupid stupid bad idea ... I am never gonna do it again, that's for sure. I don't even like taking a loan out on a vehicle even though that's really justifyable ...
But yeah college helps too as long as you don't get a degree in underwater basket weaving and go to work handing out wellfare checks for the state government or something hahahah
Buy a carwash/detail business. My neighbor has one. That bastard goes skiing everytime it snows cuz his business is closed. Not me I lock in the hubs and venture to work and dream on.
Dude, you have no idea.
Wanna go in on a car wash with me in Vernal?
I swear to god, you could make a __KILLING__ opening up another car wash in this town ...
I'm seriously honest to god going to look into doing it, with the kicker that there will be "Passenger Vehicle Only" stalls so all the guys driving their work trucks that are muddier than hell will have to use the "work truck" stalls ... so I'll corner the market of people in vernal that are pissed off with the current car washes always being all f*cked up from people's work trucks ...
I swear, I am gonna make a killing off this ... at any one of the three car washes we have here you literally have to go there at 9pm to 5 am in the morning to not have to wait in line.
If I could go back to 20, I would definitely buy more real estate at an earlier age. Didn't buy my first house until I was 30...I was renting and bought a rental. Best move I ever made. Doubled my money in 5years and bought more real estate...leveraged equity and bought more...etc...etc...
Second best move was reading Rich Dad Poor Dad. Its not a get rich quick book, it's about how to think about money and investing. Example...if you have $20k cash to spend on a sled, DONT DO IT. Invest the money and spend the return on the sled. May take a little longer, but you will always have that $20k earning you a return, doubling every 7-8 years.
Like others have said...education, hard work, find something you love to do.....and condom till you're 35!! lol
modsledr
So I am curious, would you still recommend the above if you were starting today? Kind of easy to say you should have bought more real estate as the western Washington area has been booming for the last 10 years or more. But if you were starting out now, would you still buy more real estate?
J
Jaynelson
Well-known member
I'm not quite there yet, but I'm definetly trying to get rich the hard way. I own a small business that's a complete pain in the arse these days, but makes money....and I've got a more-than-full-time job as well. Between keeping the business staffed (needs at least 5 employees to run good), keeping up with goofy new government regs that come out damn near monthy, and keeping the parent company happy (franchise/agency), it gets pretty stressful. Plus being 24, I definetly like to get outside, hit the bars, etc....so needless to say, sleeping is not a big priority. Then go sell cars for 10 hours a day tues-sat. Yeow, didn't see that option on career day in highschool??
Going into hour 5 of work on my "day off" with at least another 2 to go....really makes me wonder some days. Is the money worth the agony? Wouldn't consider myself "wealthy" by any stretch, but it sure is nice to have toys/vehicles paid with cash , and the ability to spend is needed/wanted.....so therein lies the kicker.
If your looking for advise out of this....if you buy/start a business, make sure you also plan it to be your primary job. Either that or be ready for $200/month cell phone bills and a heart attack by age 30 lol
Going into hour 5 of work on my "day off" with at least another 2 to go....really makes me wonder some days. Is the money worth the agony? Wouldn't consider myself "wealthy" by any stretch, but it sure is nice to have toys/vehicles paid with cash , and the ability to spend is needed/wanted.....so therein lies the kicker.
If your looking for advise out of this....if you buy/start a business, make sure you also plan it to be your primary job. Either that or be ready for $200/month cell phone bills and a heart attack by age 30 lol
Be a nice guy, don't develop a drug/alcohol addiction, and yeah, work hard everyday at work and in your personal life, and learn as much as you can about everything. Make lots of friends, the more people you know the cheaper your life will be. I have an uncle in law that is a electrician, buddy that is a welder/fabricator, father is a machinist, etc, etc., Not that you should be-friend all these people for what they could give you, but the more people you know, the more people you are able to ask questions to. Life's a lot cheaper when you can have your buddy the electrician over to help wire your basement or your buddy that is a cement contractor to help pour the foundation for your garage, etc.
Enjoy what you have to ride or can afford, even if its 20 yrs old. I would rather see someone who loves to ride, out there ripping it up on a 15 yr old 440 Ski Doo with a huge smile on their face, than see someone on a $30K sled sitting at the bottom of the hill, trying to look cool and using it as a status symbol. So long as you are out there and YOU enjoy it, the rest of us don't matter. Enjoy everyday while you have them.
"You better make it good, because you can't make it last."
Enjoy what you have to ride or can afford, even if its 20 yrs old. I would rather see someone who loves to ride, out there ripping it up on a 15 yr old 440 Ski Doo with a huge smile on their face, than see someone on a $30K sled sitting at the bottom of the hill, trying to look cool and using it as a status symbol. So long as you are out there and YOU enjoy it, the rest of us don't matter. Enjoy everyday while you have them.
"You better make it good, because you can't make it last."
there is some priceless advice there^^^ everyone's is good. thanks guys.
vector....sweet sled!
vector....i was thinking of a picture of your sled when i started this thread...that thing is one of the works of art i was talking about! absolutely amazing sled!
i work 2 jobs make good money & iam single
vector....i was thinking of a picture of your sled when i started this thread...that thing is one of the works of art i was talking about! absolutely amazing sled!
dogmeat: remember where you got your million dollar idea from. You need to hook a SLEADHEAD brother up down the road. You follow me? Hey I just remembered I have a brother in law in Jensen Utah(Thunder Ranch). He can manage it while we ride hhhmmmm.
NoSecondChances: My philosophy too. Ride anything you can get your hands on. Just ride. I had to swallow my pride and ride my trailering sled last weekend (97 600 XLT) cuz mines totaled. Snow was good and had no choice but to ride. I posted a vid of awesome sic XLT turns on the Utah post. It's quite funny. My riding gear cost 3 times what the sled is worth. But OH Well. Still had fun.
NoSecondChances: My philosophy too. Ride anything you can get your hands on. Just ride. I had to swallow my pride and ride my trailering sled last weekend (97 600 XLT) cuz mines totaled. Snow was good and had no choice but to ride. I posted a vid of awesome sic XLT turns on the Utah post. It's quite funny. My riding gear cost 3 times what the sled is worth. But OH Well. Still had fun.
I agree, Financing a toy is something hard to swallow.
You work hard for your money, invest it wisely.
and always keep in mind: Adversity creates opportunities
You work hard for your money, invest it wisely.
and always keep in mind: Adversity creates opportunities
One more thing to mention...
Let's say your current job simply will not fund a toy such as a sled, so you get a 2nd job (nights/weekends) with the mindset that THIS will be your snowmobile money.
Well, after a year of busting your balls on a 2nd job, you may realize that you don't want to waste $10000 on a sled. The work vs reward may not make sense, but you will never see this perspective on borrowed money.
Let's say your current job simply will not fund a toy such as a sled, so you get a 2nd job (nights/weekends) with the mindset that THIS will be your snowmobile money.
Well, after a year of busting your balls on a 2nd job, you may realize that you don't want to waste $10000 on a sled. The work vs reward may not make sense, but you will never see this perspective on borrowed money.
I would never discourage anyone from getting a good education. However, IMHO the secret is to never ever work for W2 wages unless you are getting them from your own corporation. I would venture to guess that most guys with over $20K into there sleds under the age of 45 are successful business owners.
M
modsledr
Well-known member
Absolutely. True, the puget sound has been hot, and every market is different, but ours is a unique real estate environment. With a bit of a slowdown comes opportunity to buy. We also live in an area with a higher than normal educational level and great universities, diversity in the workforce, and geographic limitations, so we're somewhat shielded from the "bubble" that other hot markets have run into.
A partner and I bought a downtown condo unit 6 months ago (technically at the "peak") as a rental, and looking for more.
In other parts of the country there are unlimited foreclosure opportunities, while others have seen double digit appreciation even with the mortgage meltdown. If you can position yourself to buy in a down market, you'll be years ahead when the market rebounds.
Out of adversity, comes opportunity!!
modsledr
1 . dont go to the bars . its the same price for a weekend of sledding as it is to go out to the bar both nights
2 . dont be a sucker to girls , so many of my friends pay for alot of girls crap ie concert tickets , dinners things for their homes and they arent even "dating" them lol
3 when the work is there work ! i could have gone sledding alot more this winter but its kinda hard to turn down work to go sledding when you dont know when you'll work next .
4. own youre own company as soon as you can !
5 . do side jobs , even if there a pita its still money
2 . dont be a sucker to girls , so many of my friends pay for alot of girls crap ie concert tickets , dinners things for their homes and they arent even "dating" them
lol3 when the work is there work ! i could have gone sledding alot more this winter but its kinda hard to turn down work to go sledding when you dont know when you'll work next .
4. own youre own company as soon as you can !
5 . do side jobs , even if there a pita its still money
I have one of those big dollar sleds and I thank my Dad.When I was young he told me that 40 hrs. a week will pay your bills and that's it.If you want more work more.It has been great advice and has gotten me a very nice life.
Cave
Cave
