Millionaire Entrepreneur Forum - View Single Post

Russ H · Oct 17th, 2007, 10:10 PM

Originally Posted by Beingchewsie

If I could work full-time again and kept living like I am...just off my earned income I'd have 30-40k a year to invest or more. I was working 40 hours a month just to make my BMW payment... I might as well have flushed that money down the bowl. My life isn't any different without that truck.. except I have an extra grand a month. I was spending $12,000 a year on a car payment (plus insurance & gas)

I had that truck 3 years..imagine if I had invested that money in an asset and not a liability?

Eggsactly.

Rep points for you.

This is one of the big "AHAs" I had when I started keeping track of all my expenses.

I was *floored* at how much I spent on meaningless little impulse items that came home w/me and were rarely used (to the tune of *thousands* of dollars a year). I'd buy them 'unconsciously', on impulse, b/c buying was fun-- and I enjoyed imagining myself using whatever it was.

Lots of dreams. But I rarely used my dream buys.

Now I use that money for investing.

So I use my "dream money" to make my long-term, real life dreams possible.

-Russ H.