Need Life Advice From Older Gents, Financial (40+)

2017-12-30T01:49:40+00:00

So you spend 70-80k on what exactly?

You don't have an income problem, you have a spending problem.

sLiKcAt · 2017-12-30T02:11:11+00:00

To me it sounds like you are doing something.....your paying down debt (as you should be). The extra 600-1000$ you're using to pay down debt is why you don't have money. Once the debts are paid off that's the money you should be using to invest/buy property and build wealth. Listen to Dave Ramsey if you get the chance. He's a little churchy but I think his financial advice is pretty sound.

ThePanther99 · 2017-12-30T02:23:15+00:00

"2500 gone between rent/bills and debt repayments... 1K for some food/clothes/regular expenses of life "

$42k for living expenses. Let's add 8K for eg. hookers and blow

$50k approx p.a.

$20-30k per year left over. Blown on what???

That's two years for a house deposit on a starter home without changing your lifestyle.

If you're 40+ and MGTOW, i would even bother with buying property. I'd rent in better/worse areas, move around, invest in other areas (not crypto ffs), travel, buy a cheap holiday house, a used boat, nice car and travel the world on the cheap with a few selective high end/splurge type things.

liaisonguy · 2017-12-30T05:09:31+00:00

You should check out Dave Ramsey. He does a radio show and the archives are online for free. I'm not in your situation, but Dave gives solid advice. He'd tell you to cut expenses and get a second job to eliminate your debt. In the short term, you need to make more sacrifices to get out from under the debt.

Listen to his show archives. He inspired me to pay off my debts.

Title	Need Life Advice From Older Gents, Financial (40+)
Author	[deleted]
Upvotes	5
Comments	14
Date	December 30, 2017 12:47 AM UTC (8 years ago)
Subreddit	Posted in /r/MGTOW
Original Link	https://old.reddit.com/r/MGTOW/comments/7mydt3/need_life_advice_from_older_gents_financial_40/
Archive Link	https://theredarchive.com/r/MGTOW/need-life-advice-from-older-gents-financial-40.518251 https://theredarchive.com/post/518251

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