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Any words of wisdom for the younger THTers?

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Any words of wisdom for the younger THTers?

Old 01-26-2017, 12:46 PM
  #21  
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The answer is always NO if you have not asked. So ask; her, the boss, GOD...
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Old 01-26-2017, 01:04 PM
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I'm 49 getting ready to turn 50 , I've been living debt free for 11 years. I set a goal to be debt free by the time I turned 40 and was able to do it at 39. It's real simple live well below your means. Could I have bought a big new house sure but I didn't, for 22 years I lived in a house built in 1955. I never bought high dollar cars or boats. Never took expensive vacations, stay at cheap hotels. But don't get me wrong I've had lots of fun. Just because you can afford something doesn't mean you should.
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Old 01-26-2017, 01:08 PM
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You won't live forever,spend 75% of your income on hookers and blow and waste the rest.
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Old 01-26-2017, 01:15 PM
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I'm 49, will be 50 this Fall. I make a good living, could have done better with my money than what I have. Took me a long time to learn the ol....."Don't sweat the small stuff, and it's almost all small stuff." Wish I could have learned it earlier.
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Old 01-26-2017, 01:36 PM
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Learn to ask for what you want. Took me too long to figure this out, but it certainly improved my life when I did.
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Old 01-26-2017, 02:17 PM
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Don't just listen to the advice of others ..... follow it.

Live two notches down from where you could live. If you qualify for a 500k house, buy one that costs 350k. If you can afford a Porsche, buy a Mustang. You don't have to live on mac&cheese so treat yourself occasionally.....using cash. Do this until you achieve financial freedom. After that it's party time and you will still be young.
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Old 01-26-2017, 02:18 PM
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Originally Posted by sinjun View Post
I'm 49 getting ready to turn 50 , I've been living debt free for 11 years. I set a goal to be debt free by the time I turned 40 and was able to do it at 39. It's real simple live well below your means. Could I have bought a big new house sure but I didn't, for 22 years I lived in a house built in 1955. I never bought high dollar cars or boats. Never took expensive vacations, stay at cheap hotels. But don't get me wrong I've had lots of fun. Just because you can afford something doesn't mean you should.
I read this after I posted my two cents.
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Old 01-26-2017, 02:38 PM
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Who knows what the definition of " rich" or " wealthy" is these days? I'm 54 and would I suspect fall into the " well off,wealthy,or " rich" description of most people I know or meet. I own my own business, work as much or little as I want and when I want or dont want to, I have no debt, either personal or business. My method of arriving here? First is savings and there are several levels of savings. I listened to very little that my elders told me when I was young but one thing that stuck and stayed was from my Grandfather. He told me to save 10% of every penny I ever earned and I've done so. As I got older I realized that was not enough and began to contribute the max amount every year on 401K. Then I got around to learning about an emergency fund and slowly built that up. I now have 2 of them, one for personal and one for my business. Both contain 8 months of complete living/operating expenses.

And my second method of arrival was that I have not had any debt whatsoever since turning 30, either personal or business. This was hard at times, especially when I wanted to buy more equipment to expand the business but I never borrowed a penny. Paid my home mortgage off 3 months shy of 30 and have paid outright for several upgrade moves since. So anyway there is my advice, it wont be easy and it wasn't for me but it WILL pay big rewards not that far down the road.
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Old 01-26-2017, 02:41 PM
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Listen to your elders
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Old 01-26-2017, 03:24 PM
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Those who think guidance about money is wisdom, may not be so wise.

If you were on your death bed and could live your life in reverse.... then what? What would your life look like?

The right questions are important, because every answer already exists, only waiting to be discovered.
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Old 01-26-2017, 03:31 PM
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Always wear a condem
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Old 01-26-2017, 03:34 PM
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Originally Posted by fishocean View Post
Start putting in IRA by 21 and always LIVE WITHIN YOUR MEANS!
live BELOW your means and you'll get there faster!
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Old 01-26-2017, 03:34 PM
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Build up a cash nest egg, you will need it to pay for hookers and blow, those folks do not take plastic.
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Old 01-26-2017, 05:34 PM
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My advice: always be sure that your liquor is older than your women.
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Old 01-26-2017, 05:56 PM
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DON'T get married!

DON'T have kids!
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Old 01-26-2017, 06:02 PM
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Don't take yourself so seriously because no one does and never pass up an opportunity to fish or hunt with loved ones, you or them may not be around for the next trip. If you chase money your whole life it still will never be enough.
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Old 01-26-2017, 06:05 PM
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Lot of wisdom in this thread! Set goals, never take on bad debt, don't sweat the small stuff
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Old 01-26-2017, 06:09 PM
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Originally Posted by AquaWhaler View Post
My advice: always be sure that your liquor is older than your women.
Damn! That's a good one.
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Old 01-26-2017, 06:24 PM
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Oh ya enjoy life. Fish and hunt with family and Friends as often as you can!
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Old 01-26-2017, 06:26 PM
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Live for today............save for tomorrow. Find the proper balance in your families life.
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