Quote:
Originally Posted by Sledge13
I don't mean to highjack the thread, but I followed your link and I thought it was very informative. Thanks!
|
Thanks! I've changed my attitude on money since I started listening to Dave. My wife and I are debt free but the house and that should be done in 4 years. I plan to keep my '03 Tundra for 15 years and buy my next truck cash. Even if I have to replace most of the major parts on the truck between now and then, that wouldn't be more than the depreciation I would suffer on one new truck. Not to mention that I will spend $0 in interest over the next 15 years, whereas my money earns 10+% for me every year (at that rate, your money doubles every 7 years). So, if I can save up say $25K in the next 7 years in a "car fund", the interest that money will earn during the next 7 years when I'm ready to buy my next truck will pay for the truck (and yes, I believe I'll be able to buy a solid, nice used truck for $25K 15 years from now).