Quote:
Originally Posted by mults
I just turned 57 last month and the wife and I have been saving for something "cool" for many years. When the people at work first saw the Z they said, "see, I knew you guys were rich". My wife and I both work in the same place. They don't see the 9 and 10 year old cars we have as DD's.
We were very fortunate that we weren't living paycheck to paycheck like most of the people we work with and were able to save a little here and a little there. At this stage in our lives, we finally said this is what we want a screw everyone else.
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Same here. We passed on a lot of stuff in life in order to maintain financial stability. That doesn't mean that we passed on life; we've lived in other fulfilling ways. That means no revolving credit card debt, and saving for a rainy day, plus a little more.
When you have savings, that means that you don't have to panic if, God forbid, you lose your job through layoffs or something. It also means that you can jump on an opportunity of a lifetime, because you have the cash.
You have a great credit score so you can borrow at almost free rates! There's no point in using your own cash at such low rates. Keep your cash to take advantage of investment opportunities to grow your money.
My other vehicle is a 1999 Toyota Sienna. I'm going to keep her going as long as I can.