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2013-14 Shelby GT500
Thinking of selling my car
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<blockquote data-quote="mustangc" data-source="post: 13024844" data-attributes="member: 87570"><p>You just took your first step out of the middle class and into becoming wealthy. $60k in assets going up in value will have a positive effect on your net worth, unlike a $60k asset that is depreciating.</p><p></p><p>Kenwood is right on the money, pardon the pun. Building wealth, and keeping it, is like cooking in a crock pot (slow and steady). You must have long term discipline. How is that possible? You don't have to lock yourself in a room and only come out on triple coupon Thursdays. Create a written plan on paper on purpose every month. Allow yourself a little blow money for having fun. The budget keeps you on track AND removes the guilt: because you planned for fun and you know it's not destroying your wealth-building plan.</p><p></p><p>My advice to you is to avoid debt, live on less than you make, and maintain honesty and integrity in everything you do. Oh, and read at least one non-fiction book a month.</p><p></p><p>There are many ways to build wealth once you've freed up your income to do so (mutual funds, real estate, business investment, etc). The choice is yours.</p><p></p><p>Aword of warning: You will have a lot of people try to hold you back by telling you that </p><p> "you only live once" or,</p><p> "you can't take it with you", or </p><p> "the little man just can't get ahead"</p><p>...These are the mantras of the middle class. But when your broke friends are making fun of you, you know you're right on track. The Bible says a wise man leaves an inheritance to his children's children. Good luck!</p></blockquote><p></p>
[QUOTE="mustangc, post: 13024844, member: 87570"] You just took your first step out of the middle class and into becoming wealthy. $60k in assets going up in value will have a positive effect on your net worth, unlike a $60k asset that is depreciating. Kenwood is right on the money, pardon the pun. Building wealth, and keeping it, is like cooking in a crock pot (slow and steady). You must have long term discipline. How is that possible? You don't have to lock yourself in a room and only come out on triple coupon Thursdays. Create a written plan on paper on purpose every month. Allow yourself a little blow money for having fun. The budget keeps you on track AND removes the guilt: because you planned for fun and you know it's not destroying your wealth-building plan. My advice to you is to avoid debt, live on less than you make, and maintain honesty and integrity in everything you do. Oh, and read at least one non-fiction book a month. There are many ways to build wealth once you've freed up your income to do so (mutual funds, real estate, business investment, etc). The choice is yours. Aword of warning: You will have a lot of people try to hold you back by telling you that "you only live once" or, "you can't take it with you", or "the little man just can't get ahead" ...These are the mantras of the middle class. But when your broke friends are making fun of you, you know you're right on track. The Bible says a wise man leaves an inheritance to his children's children. Good luck! [/QUOTE]
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2013-14 Shelby GT500
Thinking of selling my car
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