I am a little crazy about cars
Originally Posted by Rip Track:
GENTLEMEN,
I'm not bragging about my accomplishment, because anyone can do it!
There's no secret formula. You don't have to go to financial planning seminars or have conferences with your financial consultant...just save as much money as you can from your paycheck, and discipline yourself never to withdraw anything until its time for that BIG withdrawal...when you retire!
Take advantage of that magic Compounding Interest increasing your savings account balance while you sleep!
While saving a large percentage of my pay, I never had to live "on the cheap", because I had a good paying technical position while working for McDonnell-Douglas and Boeing, and I planned this by taking technical courses at a free community college and getting my certificate before entering the Service, and this also gave me a good position in the 8th Army Communications Center in Seoul, Korea.
After my discharge, the first thing I did was buy a new car, a 1963 Chevrolet Impala V8 Hardtop. I didn't need a new car...I did this just to establish credit, but I got tired of that long 24-month payoff contract, so I paid it off in 18 months.
Nothing magic about what I did, guys...it has been your choice all along!
Cheers,
RIP TRACK (Here's that Chevrolet I bought after my Army discharge...I hate the nickname "Chevy", and never use it...I had the red Naugahyde interior, and installed a pair of mellow-sounding pipes, too.)
Both of these 29's are my dad's.
