Average auto loan now over $30k

[wxman1]

I think you illustrate here why people tend to to not be as careful with their money as maybe their pocketbook suggests they should. When they think of the prospects, they take it to the extremes.

No one on here has suggested the things you say here or to live like a hermit. It is clear, you didn't read anything on the Mr Money Mustache site because if you did, you'd see that while he is very, very frugal, he also travels, eats out, has one of nicest homes in his neighborhood. Oh...and was able to retire in his 30's due to his disciplined lifestyle so I'm pretty sure he is having a more enjoyable life at his age than your or I are working for the man 40 hrs + a week.

It may not be for everyone, but try and at least paint an accurate picture. If is is so terrible, you shouldn't have to continually exaggerate to try and make your point(s).

I will admit I know nothing about the guy but everyone's circumstances are different. If he is what you describe I would bet he had $0 student loan debt and mommy and daddy probably helped him with a lot.

 

[CarlHungus]

I'll also say one thing that keeps me motivated to avoid debt when possible is investing that money. I often fight the temptation of buying a really nice car by just plugging those numbers in an investment calculator to see what that will grow to (hopefully) when I retire. https://www.investor.gov/tools/calculators/compound-interest-calculator

 

[thatguy]

"what you think i rap for? to push a Rav-4?"- Kanye West

Why work if you aren't going to enjoy the fruits of your labor.

 

[SoapyCy]

"what you think i rap for? to push a Rav-4"- Kanye West

Why work if you aren't going to enjoy the fruits of your labor.

"what you think saving is dumb? not to live only on social security when i retire like a bum" - Kenny West

 

[thatguy]

"what you think saving is dumb? not to live only on social security when i retire like a bum" - Kenny West

Try and keep up, BUT, you can have nice things AND save. I know, I know, its sounds super crazy, but it can be done.

 

[SoapyCy]

Try and keep up, BUT, you can have nice things AND save. I know, I know, its sounds super crazy, but it can be done.

no one here said you can't.

 

[dmclone]

The humongous part about being a celebrity is cashing in on it-- making ****loads of money, having expensive, luxurious things. That way, in case one day you're not famous, you can still be rich as hell and better than everyone around you.— Kenny Powers

 

[capitalcityguy]

Are you including yourself in that group? every other post in this thread is yours arguing with someone's point you don't agree with

Are you not familiar with debating?

Offering a counterpoint, is part of debating an issue. By offering an opposing opinion, it doesn't signal a person is necessarily offended.

Pls provide a quote were I suggest something someone said offended me. On the other side, there seems to be plenty of butthurt comments like, "get off your high horse" or "don't tell people what to do".

 

[JY07]

Pls provide a quote were I suggest something someone said offended me. On the other side, there seems to be plenty of butthurt comments like, "get off your high horse" or "don't tell people what to do".

don't tell me what to do

 

[capitalcityguy]

don't tell me what to do

touche

(but I did say "please")

 

[ArgentCy]

It's about delayed gratification and those with strong or well developed executive functions are more able to see the benefits. By saving and investing wisely you can possibly change your life and your kids or others lives in the future. You won't have to worry about possibly losing a job or the economy heading into a recession etc. Nor will you ever have to worry "about Trump taking my mama's food stamps".

 

[thatguy]

wait, wait, wait. So you are telling me, that a bunch of conservative small town people from the middle of America are risk adverse when it comes to spending? I. DO. NOT. BELIEVE. IT.

 

[SoapyCy]

wait, wait, wait. So you are telling me, that a bunch of conservative small town people from the middle of America are risk adverse when it comes to spending? I. DO. NOT. BELIEVE. IT.

as opposed to people living beyond their means on the west coast?

i don't get the point of this comment. you seem to think people who don't spend every penny they make are somehow inferior.

 

[ArgentCy]

Not inferior, just a bunch of fun haters. Many people with money problems just want to completely ignore it as it's easier that way. My wife was one of those people.

 

[ClonesFTW]

I live my life a 1/4 mile at a time, for that 10 seconds or less... I'm free of auto loan debt.

 

[RotatingColumn]

http://www.cnbc.com/2016/06/02/us-borrowers-are-paying-more-and-for-longer-on-their-auto-loans.html


Fascinating how much people spend on something that will be parked for 90+% of its life.

I'm going to pay $30 grand so this seat I'm in 30 minutes a day looks better.

 

[thatguy]

as opposed to people living beyond their means on the west coast?

i don't get the point of this comment. you seem to think people who don't spend every penny they make are somehow inferior.

i'll make it simple. You live in Iowa because its cheap to live there, probably have family there, and want to live a simple life. That type of person tends to me more conservative, spend less, and saves more. That is just normal for them (you? i don't know.) and always will be. Its not wrong, its different than someone that lives in NYC or Seattle or LA that would rather spend a little more, to have a little more going on. People acting like their way is better is the annoying part, perhaps it is for you, but for some people they would rather spend and live now, than save and live later. Its a different lifestyle philosophy and there is no correct and incorrect.

 

[thatguy]

I'm going to pay $30 grand so this seat I'm in 30 minutes a day looks better.

look good, feel good.

 

[Ficklone02]

as opposed to people living beyond their means on the west coast?

i don't get the point of this comment. you seem to think people who don't spend every penny they make are somehow inferior.

I know alot of people out here who are living well within there means. Best of both worlds.

 

[SoapyCy]

i'll make it simple. You live in Iowa because its cheap to live there, probably have family there, and want to live a simple life. That type of person tends to me more conservative, spend less, and saves more. That is just normal for them (you? i don't know.) and always will be. Its not wrong, its different than someone that lives in NYC or Seattle or LA that would rather spend a little more, to have a little more going on. People acting like their way is better is the annoying part, perhaps it is for you, but for some people they would rather spend and live now, than save and live later. Its a different lifestyle philosophy and there is no correct and incorrect.

quality post.