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#51 |
Moderator
![]() Join Date: May 2007
Location: Southern Cal
Posts: 19,992
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Re: How do you afford it?
First and foremost, get an education. The more you learn, the more you earn. Live below your means. NO credit cards. I know it is easier said than done. Once you have steady employment (a career), buy a house with 5 miles of your employer so that you can ride a bike to work and not waste your money on commuter gasoline. You will also get a great cardio workout. Refinance to a 15 yr mortgage and pay it off. This will free up TONS of money for you each month, and when you retire, regardless of the state of the economy, you will own the house, and any money made selling it is profit. Eat at home...eating out costs a LOT of money, and the food usually sucks and is horrible for you. Avoid car payments. New cars depriciate in value with every breath you take. If you need a reliable daily driver, buy a 10 yr old Honda. They last forever, are great on gas, cheap insurance, and hold their resale value. You will be suprised at how much money you will have for your truck(s) then. Do not rely exclusively on a 401k retirement plan. Yes, contribute to it, but also tuck away cold, hard available cash in a savings account. It may not earn as much interest as a defined savings contribution plan can, BUT you will NEVER lose money, and it is FDIC insured. I am 34 yrs old, with 3 yrs left to pay on my house, looking at retirement when I am 50. Then I can play truck all I want!!!
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#52 |
Senior Member
Join Date: Aug 2005
Location: tulsa OK
Posts: 3,070
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Re: How do you afford it?
m-f 8-5 aircraft mechanic
sat-sun exotic dancer |
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#53 |
Registered User
Join Date: Aug 2007
Location: Turners Station,Ky
Posts: 842
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Re: How do you afford it?
I go to the junk yard and buy parts for less than they are worth and then sell them on ebay. And I work at a body shop after school
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My Rides 1969 Mustang gt coupe 1971 Chevy Cheyenne 1986 Iroc camaro 1986 K10 Short Bed 1987 Iroc Camaro 1990 rs Camaro 1992 350 ss truck 1998 Honda Civic 2005 Ram 2500 Cummins My Build Thread http://67-72chevytrucks.com/vboard/s...d.php?t=279831 |
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#54 |
Registered User
Join Date: Oct 2007
Location: ST. Joseph MO.
Posts: 38
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Re: How do you afford it?
No house payments---No car or truck payments----No bills but cheap utilitys-and insurance---No wife and kids---Equal to a big ALLOWANCE.
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#55 |
Hootis is as Hootis does...
Join Date: Nov 2002
Location: Southern Georgia
Posts: 500
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Re: How do you afford it?
This is a great post. For me it was all about investing in yourself - education, education, education. I sold a cherry 1969 Z28 camaro to go back to school. I miss that car, but it was a great choice for my life.
Next - live within your means - along with that is being poor in school taught me a lot about wants and needs. Most "needs" are not that - they are wants. - I look at many now who have huge houses to heat and pay for, drive SUV's - and drive 2 hours to work so "they could afford the big house" And they can't sell he house or car. As Toby Keith says "How do you like me now?" - They're stuck. Lastly - I'd add this. In 1989 I made the leap in going to business for myself. I was tired of others making a ton of money off my work. It wasn't easy, and it took 10 years to get back to what I was making before I left - but it was another education, and now I make much more than I ever would have with a "job." So if you have the chance - own what you do. Most of all to the younger members "STAY IN SCHOOL!"
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67 C10 LWB Fleet, 383, TH400, PS, 4BL-Holley, Headers & 3" Exhaust, 3" drop front, 4" rear springs, ECI shock relocate, Panhard Bar kit, wheels & tires 1995 Z28 Convertible - Borla, K&N, Lingenfelter Motor, C6 Wheels & Tires 1990 2500 4x4 Suburban 3" Catbac System, K&N, 2" Lift, Wheels, Tires Last edited by gangforward; 05-19-2008 at 02:44 AM. |
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#56 |
Registered User
Join Date: Feb 2008
Location: Bartonville IL
Posts: 415
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Re: How do you afford it?
The army... it kinda all fell together perfect got my truck with the money I got from AIT and Basic and, then the bonus came I bought a blower, locker, tires, shift kit, new front suspension, then I got a job full time for the national gaurd working on on helicopters, I'm 19, practily no expenses, I make $20+ an hour you can bet that my truck comes first of anything I do and Thats how it will stay until I get deployed this fall and you can bet that the ups man is going to replace me as a son he will be at my house so much
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ΜΟΛΩΝ ΛΑΒΕ |
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#57 |
They call me the Breeze...
![]() Join Date: Jul 2007
Location: New York
Posts: 2,251
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Re: How do you afford it?
Straight up hard work pays for my trucks....
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Mike 69 K20 "Beer is proof God loves us and wants us to be happy"....Ben Franklin |
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#58 |
Arrived on a Pale Horse
Join Date: Mar 2007
Location: SnagTown Indiana
Posts: 2,524
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Re: How do you afford it?
I'm an electronics tech at Ball State University in Muncie Indiana. I specialize in hardwired fire alarm system installation/repair/maintenance. My shop also takes care of all the CCTV surveillance systems, card access, audio systems, security alarms, and fiber optic cable infrastructure for University Computing Services. We have the #1 fiber optic network in the country, and just keep winning awards for innovation and technology. Our state closed the fiscal year with a 2 billion dollar surplus, a feat no surrounding state can achieve.
To make a long story short, I'm a state employee. I make just short of $25 an hour. I grossed almost $6K just in overtime pay last year. My wife is also an employee of the University, but makes a little less than me. Our mortgage is about $40K on a 15 year note with a home valued at over $100K. We owe $10K on a personal loan we built the garage with, but other than that we have everything we need for our children and us to survive. My dad once told me that I would never be where I wanted to be until I was 40, no matter how hard I worked, or wished. Here I am, 1 year and 10 months away, and I think I'm exactly where I need to be. All our vehicles are paid for, and that helps tremendously.... Go to college, and work at one if you can...
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Jason 87 V30 350TBI/400 White w/Boss V-plow 89 R3500 CC SRW |
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#59 |
Registered User
Join Date: Mar 2007
Location: Austin, TX
Posts: 93
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Re: How do you afford it?
Learn how to play drums and get in a band that makes money.
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No matter where you go, there you are. |
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#60 |
Moderator
![]() Join Date: May 2007
Location: Southern Cal
Posts: 19,992
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Re: How do you afford it?
If you are in a field where you cannot go into business for yourself, get to the highest paid hourly position that you can. Do not take a salaried (management) position, or you just sold your life to your employer...no more overtime (well, a LOT more overtime, just not paid for it), and a LOT more headaches to boot, leaving you with no time to work on your truck.
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#61 |
Senior Member
![]() Join Date: Feb 2001
Location: New Madison, Ohio
Posts: 21,363
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Re: How do you afford it?
Well like some of the guys on here I'm an old geezer.
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A husband can be right...or...A husband can be happy. ![]() 67-72 Chevy and GMC Trucks...The Classic Truck for the Classic Folk. ![]() 1970 CST Two tone green, 402BB, 400 Automatic, Tach, Buckets, AC, AM-FM, Tilt, GM CB, GM 8 Tract, LWB, etc ![]() ![]() JOHN 17:3...The better side of "LIFE" Remember: Everyday is a good day...Some are just gooder! |
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#62 |
nec absolutum
Join Date: Jan 2007
Location: Tennessee
Posts: 223
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Re: How do you afford it?
well, for me it's a balancing act. back when I was single, If I needed a new part, I'd go with one less bag of frozen burritos for supper.
now that I'm married, its a little different. up until a month ago, I made right at 15.00 an hour, and up until a few months before that, I worked an insane amount of overtime. now that I'm unemployed, my truck suffers... family first. once I get another job (looks like I'll have to take about a 4-5 dollar pay cut) I'll have to do like I did a long while back. You can actually make decent spare cash by hauling cars to teh scrap yard. If prices are down, take the more common parts off ( pwr steering pump, alternator, carb, etc.) and sell them on the side. take teh engines out of all the hondas you can find... them boys'll pay out the nose for teh b- series engines.... odd jobs on teh weekends...
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"The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants."~ Thomas Jefferson 1967 GMC C1500 LWB 250/3 on the tree- 1969 Chevy C/10 SWB 350/TH350 1996 Chevy Silverado LWB 350/4L60E 1997 Chevy K2500 350/4L80E ![]() ![]() |
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#63 |
The Older Generation
![]() ![]() ![]() Join Date: Aug 2006
Location: Montezuma, Iowa
Posts: 25,370
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Re: How do you afford it?
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Simple.... Work hard, Pay as you go (no credit cards), & Live within your means. Now that I'm retired my goal is not to see how much money I can save, my goal is to see how much money I can spend.... ![]() Oh, and it helps that I do all of my own work too. I forgot to add that I don't build show vehicles, just drivers... LockDoc
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Leon Locksmith, Specializing In Antique Trucks, Automobiles, & Motorcycles (My Dually Pickup Project Thread) http://67-72chevytrucks.com/vboard/s...d.php?t=829820 - Last edited by LockDoc; 05-19-2008 at 09:05 PM. |
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#64 |
Designated A-hole!
Join Date: Mar 2003
Location: South Mississippi
Posts: 36,450
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Re: How do you afford it?
www.daveramsey.com is a good resource no matter what your age or resources. My truck is taking a back seat to us saving to build a house for cash, but when the house is done I will own a fine truck.
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"If it ain't broke, fix it 'til it is!" Being stupid ain't illegal. ![]() We're Still Debt Free Except for the House!!! www.daveramsey.com 70 GMC SWB Stepside project "Green Booger" soon to be 6.0l/4l80e 93 S-10 "Poppaw's Truck" |
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#65 |
Nothing to see here.....
![]() Join Date: Jun 2007
Location: Shawnee, KS
Posts: 4,625
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Re: How do you afford it?
Krue,
when I was posting this afternoon on this subject, I forgot to mention you and Dave Ramsey. Yes, he is infectious, and right. Congrats on living debt free. Nce isn't it?!
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Doug ![]() ![]() The democracy will cease to exist when you take away from those who are willing to work and give to those who would not. Thomas Jefferson |
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#66 |
Registered User
Join Date: Jan 2005
Location: Landsale PA
Posts: 82
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Re: How do you afford it?
this is a great post. one of the reasons i love my old beat up truck is because it is just that. Where I live every idiot drives a huge suv or very expensive sports luxury sedan - whatever that is. sure some people can afford it, but most are just playin keep up with the neighbors. my truck is 40 years old, unique - especially in rustylvania, saves me tons of money because i use it all the time, and oh yeah, long since paid for. when people remark about my truck whether good or bad, i often tell them I only have a few more lease paymetns, as a joke.
live within your means is the number one factor. don't own a 67-72 because you want a super nice one to impress everyone, own it because its the best looking truck every made, and YOU thinks its cool. well 67-68 really. and only spend what you can afford to spend just pick away at it. |
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#67 | |
Designated A-hole!
Join Date: Mar 2003
Location: South Mississippi
Posts: 36,450
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Re: How do you afford it?
Quote:
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"If it ain't broke, fix it 'til it is!" Being stupid ain't illegal. ![]() We're Still Debt Free Except for the House!!! www.daveramsey.com 70 GMC SWB Stepside project "Green Booger" soon to be 6.0l/4l80e 93 S-10 "Poppaw's Truck" |
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#68 |
Jamie Hyneman is my twin
![]() Join Date: Nov 2005
Location: La Junta, Colorado
Posts: 705
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Re: How do you afford it?
I sell artwork. Small and affordable prints add up in my paypal account. My wife says I can spend what I make on what I want. I keep her happy with occasional jewelry, etc.
You'll notice that I don't have a show truck. Cheers for Dave Ramsey!!
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Justin SOLD 1967 K10 Fleetside, 283, Front and Rear Posi SOLD Color Wiring Diagrams Now in High Resolution V8 and Cab and Cab and Chassis Last edited by boundstaffpress; 05-19-2008 at 06:58 AM. |
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#69 |
Looks good at 20-ft .....
Join Date: Apr 2005
Location: Mtn Home, AR
Posts: 707
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Re: How do you afford it?
I'm a business owner / full-time real estate agent, & real estate Appraiser.
Contrary to popular opinion, it IS NOT a career that's about riding around all day in a big car & just cashing really big checks. Not complaining - I do it by choice, but I average about 65 - 80 hours a week, and about $ 6 - 800 a month gasoline bill. I make a pretty-good living doing it, but it's tough. Especially in this down-market. Doesn't leave much time for truck driving & fun stuff. |
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#70 |
Registered User
Join Date: Aug 2007
Location: West Hills, California
Posts: 679
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Re: How do you afford it?
All I have is a house payment, no other depts. Give it some time. I also found myself paying twice for some stuff. Now I think hard before buying something and paying for it twice. Like spending money on a set of cast iron heads and 2 years later buying alum heads.
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#71 |
Senior Member
![]() Join Date: Aug 2004
Location: Centennial, CO
Posts: 2,913
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Re: How do you afford it?
The money you don't spend on BS is more you can save for your ride or house or kids or whatever. I see guys at work eat out every day for lunch and am amazed when they ***** about how they can't afford things. It's just a matter of tracking what/where you spend. I'd rather buy something tangible than a crappy meal at the burger joint.
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ClusterTruck: 68 C10 Bought in 89, wrecked in 03. Slow low $ rebuild started '17. 6.0 & TKO http://67-72chevytrucks.com/vboard/s...d.php?t=788602 93 K1500 Short Step, 350, NV4500, EBL flash ECU. Vortec heads & roller cam someday... 05 Jeep Wrangler Unlimited. 3” lift & 6-speed 02 E320 the insurance total “free car” 13 Tahoe LTZ |
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#72 |
Registered User
Join Date: Jan 2008
Location: North Augusta,SC
Posts: 801
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Re: How do you afford it?
I am not going to knock college. I put my wife through it. She came out with a masters degree in education and makes about half the salary I do as a chemical operator. We should really pay teachers more. I need more truck parts.
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#73 |
Phone's ringin Dude.
![]() Join Date: Mar 2007
Location: Colorado Springs
Posts: 1,426
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Re: How do you afford it?
I married a hot, old chick that makes a lot more money than me.
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![]() ![]() 2003 SILVERADO SS--THE NEW GIRL 1972 GMC--THE OLD GIRL |
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#74 |
Registered User
Join Date: Sep 2007
Location: Lompoc California
Posts: 366
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Re: How do you afford it?
I own a 65 fastback, 66 fastback, 89 Saleen Convertible, 90 LX 5.0 Coupe, 2006 Lincoln Navigator, 2002 F150 SuperCrew and my project trucks are a 1960 F100 and 1970 C-10. All my care I have bought while serving in the military. I have gotten some good deals. Wife and I are blessed to have good jobs and we just bought our first home. She like cars also. I only have her navigator to pay for, the rest is pad for... I am actually shopping a c-20 to replace the F-100.
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All Toys: 1971 C10 Fleetside - I needed it! 1970 C10 Stepside - Midlife Crisis 1969 C20 3/4 Longbed - Beast! 1966 Mustang Fastback - Daily Fun 1965 Mustang Fastback - Money pit! Last edited by 70C10Step; 05-19-2008 at 10:55 AM. |
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#75 |
Account Suspended
Join Date: Jul 2006
Location: DFW
Posts: 1,427
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Re: How do you afford it?
A lot of pretty funny, and a lot of good advice. Not sure I agree completely about everything, but...
The truck is a hobby/toy, not a need. Therefore the money spent on it is the last few pennies that are available. Then again, I troll the scrap yards for the cheapest parts so I don't spend much on the truck. My labor is counted as free. At the same time, if someone doesn't have a 401k or other retirement plan set up, they should, regardless of age. Similarly, you, me, whoever, should be saving something every paycheck, regardless of how little and investing it. Finally, there should be a rainy day fund of cash in the bank for daily disasters that should be added to until you (me and everybody) has cash in short term funds to pay 3-6 months expenses (that should be 6-12 but..,). The above sounds difficult, but it really isn't. start small and work your way up. Really, if the truck is a DD, billet parts aren't needed. Good brakes, etc. are. |
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