Saturday, November 28, 2020
reprogram
allobe
Monday, November 23, 2020
becoming
Tuesday, November 17, 2020
Debt - Finances - Studio - Saving
Life choices create who we are and where we are going. We made choices along the way and those choices impact the future.
There is a lot to unpack here.
The House
The Studio
Savings
Investments
Retirement
Life
When I moved to Cape Cod I met some of who would become the most influential people in my life. Everything in my life took a turn there. My friend Scott was a chef. Accomplished. Very skilled. One of the best. Somehow or another he came to inherit some money, about $10,000. At the time more then any of us would see again for a very long time. So Scott bought a used BMW I don't know how much it was and he had a really nice old Impala it was a great car but I think that external status symbol if having a BMW there are something about it. So fast forward a few years and Scott was living in Colorado and met Doris and got married and the story he told me that his wedding about meeting Doris one of the things that concerned her was he didn't have anything. So he bought that car and that's a symbol of the way that we were he was I am and there was no future to be ready for there was no savings there was no and it wasn't an impulse it was a just living. And that that living gets in the way of having a life there's nothing wrong with it it's a great way to be the things that Doris wanted versus the things that Scott wanted she was prepared. You have a house you have a down payment you have responsibility you have a retirement fund you prepare for the future all of the time living moment to moment day to day there's no consideration for the future. So how can we do both have great consideration for the future and due day today moment to moment living. The the way of being known I'm stuck.
So thinking about finances the Dave Ramsey method saving baby steps doing envelopes whatever there's a method to achieve different way of being with money. Things I agree with things I don't agree with it's hard to tell. I think for normal people it's almost unattainable. To be debt free. To not have to worry about or the next is coming from. The success stories are often not very realistic. So how do you quote on quote when with money I have no idea.
My experience has been up and down life everything so financially 2007 I was in the divorce and realistically walked away with $5,000, a dilapidated RV, and my glass blowing equipment. I think I had $18,000 left on the truck I don't remember what my payment was a month. I moved in with my cousin didn't pay any rent.
I restarted the glass studio downtown Oklahoma City still living with my cousin and then started looking for a house. So just down the street from the studio I found a house for sale around $50,000. $1,350 square feet and it did not require any immediate repairs. So I got a loan for the mortgage 15 year fixed rate I don't know what the APR was from Bank of America enrolled my credit card debt and my truck payment into a loan that I could pay off using the truck for collateral so all of only had one bill that way. And I started making payments to pay everything down and get it paid off it took 2 years I'm not sure to pay off the bank loan and then it took 7 years to pay off the house. So at that point no more rent no more mortgage just daily living expenses. So doing that on a teacher salary at the time when I started that was making about 30,000 a year . I think teaching you get about $100 $150 a year step increase race in Oklahoma.
So I see on the internet the fire financial Independence retire early I just that's certainly not a possibility. I see the Forbes article that was a million dollars to retire is kind of the set desire and they ask people how long how much money they would need a year in retirement and they said $130,000 a year. A million dollars is going to last about 7 years. So in that case you can never really retire. How is it possible to spend $130,000 a year. That from somebody's making currently like $40,000 a year and then make any sense.
objective
Saturday, November 14, 2020
my nature
pursuit
Monday, November 09, 2020
what is best
authentic self
Saturday, November 07, 2020
god fearing
Saturday, October 24, 2020
cypher
the studio
why do I have to shrink and go away so someone else gets to grow?"
-
why do I have to shrink and go away so someone else gets to grow?"
-
so last Friday I was walking to the truck just about 7:00 am to held to work. it was great overcast, maybe a bit of mist in the air. looking...