Kazza_765 said:
$80 is a lot for a student to spend for a night out! We used to find a lot to do for free or very cheap. But, since I've been talking about balance here, what I'd suggest is that instead of spending $80 and having nothing left, set aside $20 for fun (you can still see a movie or go to a modestly priced restaurant for that) and put $20 into savings, and you still have $40 to buy food so you don't have to eat rice and soy sauce for a week. If you put away just $20 every week, at the end of the year, you have already saved over $1000 even before including any interest you can start earning on it. When you get out of school and have a better paying job, you can start setting aside a little more each month, and it won't be long at all before you have enough for a downpayment on a house.cyrusabdollahi said:
I was just getting fed up.I thought it was more satisfying when I was able to buy my first house.tribdog said:
I think it did come out too strong. I misunderstood the same way it seems everyone else has. It sounded like you were saying you weren't planning on doing anything fun for the next 15 years, just so you could squirrel away every dime. It sounded too much like my father and that's why I had to share that story. Yes, you want to be sure your family is provided for should something happen to you if you have a family, but you also want to enjoy being with them and having some fun together in the present so they'll have memories of more than just you working your fingers to the bone to leave them well-off. I think that's what everyone reacted to. But if it was just a misunderstanding, then that's fine And ultimately, you have to live your life how you choose anyway.cyrusabdollahi said:
Yes, once he elaborated, it doesn't sound so bad. I fully understand waiting to have a family until you're financially secure, children are expensive! However, you might change your mind about that 35 thing, unless you're planning on marrying a much younger woman. But, that's one of those things that will fall into place naturally, and finding the right woman will come first. Jason, I used to think like you did too, don't get married until I'm financially secure myself, but I think that mentality led me to pass over relationship opportunities I shouldn't have passed up. If you meet the right person, go for it; they don't come around all that often. You can always hold off having the family together while you save together. And, if she's right for you, she'll share that perspective on finances anyway. Afterall, if you're very careful with your savings, you probably wouldn't find a spendthrift to be very attractive anyway.JasonRox said:
I married my wife when I was 27 and she was 25. We had our first kid when I was 35 and she 26 (How did that happen?) No, she was 33.Moonbear said:
sometimes I really want to make mad passionate love with you.Moonbear said:
) & that's if he just sits & does nothing but wait. he's going back to get his bsc(n) right now so in a couple yrs he'll probably make more $$$, & have more to put into his rsp since there are no plans for kids or any other major expenses yet. (eg. house, etc) i don't know how much he'll have by the time he's 40 or 50 but i can imagine it will be a stupendous amount, if in 10yrs it grows from 3000 to 25000 & compound interest is (very close to) exponential growth. he says it doesn't compound continuously (ideal) but compounds monthly (not bad, but not as good as continuously). i should really do the same thing. i like some of the other ideas in this thread, like buying repo'ed houses & renting them out, researching the stock market, etc.