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How to Afford Anything

kenrockwell.com

41–50 of 121 posts

Re: How to Afford Anything

#43
post #24
post #18

Earlier quoted context omitted.

How'd I miss that? Marrying smart means to marry someone as cheap as you are. That would require me to marry someone from the intersection of the sets WomenWhoWouldMarryMe and WomenWhoAreAsCheapAsMe. I suspect that the population of that intersection asymptotically approaches zero.

Well really, how many spouses does one need?

One, but the smaller your total viable set the less likely your search algorithm will return within your lifetime.

Re: How to Afford Anything

#44
post #13

Earlier quoted context omitted.

It doesn't seem nearly as bad as the "live with your parents" advice. I mean, he's advocating all this extreme frugality as a way to afford camera gear , right?

> It doesn't seem nearly as bad as the "live with your parents" advice. What's wrong with that advice? It's an American thing that kids need to move out on their own at 18. My wife's culture sees that as rather harsh. She lived at home until 28, when at 27 she married. Her older sister lived at home, sharing a room with their younger sister, until she was 25 (I think), when she finally married and moved out for the f…

my culture is the same - it doesn't make sense to throw out an 18 year old (child, really), out on their own. I'd have lived with my mom had I not attended college on the other side of the country.

Re: How to Afford Anything

#45
post #39
post #28

Earlier quoted context omitted.

Can anyone confirm that this is even remotely true? $60K tax-free!?

It's tax-free if you stay outside the U.S. long enough. I believe the limit is 10 months/year, but it might be higher. Of course, that means you're not subject to U.S. income tax, but you might be subject to some other country's income tax depending on where you spent your time. I've met people who work on offshore oil rigs who have (claimed to have) avoided taxes this way, but apparently it is a recipe for an almost…

10 months? Sadly, it's not that reasonable. If you're in the US for 30 days, as a citizen, you have to pay income tax in the US.

If you earn more than, I think, $86k outside the US, as a citizen, you have to pay income tax.

And either way, you have to file. The law even says you have to file for 10 years after giving up your citizenship!

The US sucks.

Re: How to Afford Anything

#46
His calculations for the cost of commuting take a wrong turn (no pun intended) somewhere. A 40-mile commute is 10K miles per year, which at IRS mileage rates is $5K, not the $10K he cites. He gets this math right for the 20-mile commute, but somehow multiplies the cost by 4 when he multiplies the commute distance by 2.

Re: How to Afford Anything

#48

All this pain to drop $2.5k per year on a Nikon camera? Dude, seriously, just take a few months and learn some skills at something, then get a decent job using them. You'll be able to buy a new camera every freaking month . I mean I'm all for living within your means and planning and frugality but seriously, don't eat out except for the cheapest fast food around? That's the wrong way to go about it. Upgrade your cash…

I agree, so many people spend so much time saving money, what if they spent that time building a business or educating themselves? There's a hard limit on frugality, but there is no such limit on building wealth.

Re: How to Afford Anything

#49
post #22

> ==Live with Your Parents== > I'm serious: This is what I did! How to save money: Spend other peoples' money.

That's not really fair. My parents and my gf's parents both have houses with empty space that we could live in that's not being used. Essentially the space is being wasted. I bet many people's parents have similar available space (probably left over from when you were a child and living with your parents already). My gf, who is Chinese, would love to live with her parents (thankfully she is even cheaper than I am). S…

> Essentially the space is being wasted.

Would you say that an undeveloped greenbelt around a city is wasted?

Empty space in a house is both an option and space. The latter is quite valuable.

Also, some people value the privacy.

Re: How to Afford Anything

#50
There's some good tips in there as well as some bad ones, but none of that is the point. The point is simple: spend money on things you care about; spend nothing on things you don't care about. The author doesn't care about eating out, but that doesn't mean no one else should. People are different. Any financial advice that doesn't take that into account is missing the point.
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