Subject: RE:Home improvement (not tim alan) by Mr_Mojo on 2008/2/6 12:31:02
Quote:
I am going to share with you a few of the things I have learned in 59 years of life.
Don't borrow the money. Put it aside a little at a time and soon you will have it. You will sleep better at night.
Wifey may not like it but unless your kitchen is a total disaster, she will accept it.
There are many, many good contractors. It only takes one bad one to totally ruin your day.
The only monthly payment you should ever make is your mortage. A car payment is also acceptable, but only one per family. Your second car should be paid for. Carrying a credit card balance is a bad plan.
Lessons learned the hard way.
I learned the hard way also. That's why today I only have one car payment, no mortgage and quite a sum of money put away for retirement. Am I rich? Not by a long shot, but I've gotten smarter with my money over the years and put myself on a budget that actually works. When my insurance bill comes in, I have the cash to pay it, when my Daytona and Dover tickets come in for renewal, I have the cash to pay for it. I plan on retiring in seven years, it will be at a 20% reduction in my pension, but I won't need the extra money that over a lifetime will only add up to $40,000.