Bankruptcy - anyone gone through it?

[Bugeater]

Originally Posted by Dayze

My car will be paid for in 11 months; thank god. Or, depending on how all this stuff shakes out I might be about to just pay it off and use that payment for cashflow.
Haven’t made that call yet.

I’m done with buying ‘new’ cars. Even though I’ve never owned a ‘new’ one per se, they have been 17-20k ish. Screw that. when this one dies (hopefully a long time from now) I’ll spend 8k on a 2 yr old car with 20k miles on it. And drive it until it dies.

Dude, find me a 2 yr old car with 20K on it for $8,000 and I'll take ten of them.

[R8RFAN]

Originally Posted by Bugeater

Dude, find me a 2 yr old car with 20K on it for $8,000 and I'll take ten of them.

2-4 year range
Kias are on craiglist everyday, they can be found
Suzuki Forenzas 2-4 yr olds

You can find em if you will settle for them, but if you think you are a Prince or have a woman that thinks she is a Princess, it gets difficult.

[Bugeater]

Originally Posted by R8ers

2-4 year range
Kias are on craiglist everyday, they can be found
Suzuki Forenzas 2-4 yr olds

You can find em if you will settle for them, but if you think you are a Prince or have a woman that thinks she is a Princess, it gets difficult.

Yes, and those cars likely will be a pile of shit well before they reach 100K. Just because it has a low initial cost doesn't necessarily mean it will be a good value over the long term.

[R8RFAN]

Originally Posted by Bugeater

Yes, and those cars likely will be a pile of shit well before they reach 100K. Just because it has a low initial cost doesn't necessarily mean it will be a good value over the long term.

you can't be choosey when you are broke... Drive less, save gas, save money... Broke people can't do what people with money can do without being more broke

[Skip Towne]

This guy practices what he preaches. He bough one of those Japanese imitation Harleys. He wanted to be a biker but instead turned into a Japanese fake Harley rider.

[R8RFAN]

Originally Posted by Skip Towne

This guy practices what he preaches. He bough one of those Japanese imitation Harleys. He wanted to be a biker but instead turned into a Japanese fake Harley rider.

And I paid cash for it too and could pay cash for a new Harley in 15 mins if I wanted too, actually looked at a Harley before I bought the Roadstar, but when I told him I had cash and he wouldn't take less for the bike as a result, I took my business elsewhere.

What do you have that you actually have paid for Skip with that major salary you earn running cable wires under houses?

Have you even got your trailer paid for yet Skip?

[Skip Towne]

Originally Posted by R8ers

And I paid cash for it too and could pay cash for a new Harley in 15 mins if I wanted too, actually looked at a Harley before I bought the Roadstar, but when I told him I had cash and he wouldn't take less for the bike as a result, I took my business elsewhere.

What do you have that you actually have paid for Skip with that major salary you earn running cable wires under houses?

Have you even got your trailer paid for yet Skip?

I made more money before I was 30 than you will in your lifetime.

[Mosbonian]

Originally Posted by R8ers

And I paid cash for it too and could pay cash for a new Harley in 15 mins if I wanted too, actually looked at a Harley before I bought the Roadstar, but when I told him I had cash and he wouldn't take less for the bike as a result, I took my business elsewhere.

What do you have that you actually have paid for Skip with that major salary you earn running cable wires under houses?

Have you even got your trailer paid for yet Skip?

You know...the more you type the more arrogant you seem to be. And the more you brag, the more it makes you look like a fake.

I came into this thread because I was hoping that someone had given Dayze some good information. It appears that Mr. Flopnuts has covered that admirably...and about all you've done is brag. Instead of taking a crap and wiping it in everyone's face, how about eating a little humble pie.

mmaddog
*******

[Bugeater]

Originally Posted by R8ers

you can't be choosey when you are broke... Drive less, save gas, save money... Broke people can't do what people with money can do without being more broke

Someone who is broke shouldn't be spending $8K on a car. Back in 2000 when I started my own business I was basically broke, I bought a 1992 Caravan for $2,500, drove it for over eight years and made around $2,000 worth of repairs to it. That means that van cost me around $500/yr, that's what broke people should be doing.

[R8RFAN]

Originally Posted by Bugeater

Someone who is broke shouldn't be spending $8K on a car. Back in 2000 when I started my own business I was basically broke, I bought a 1992 Caravan for $2,500, drove it for over eight years and made around $2,000 worth of repairs to it. That means that van cost me around $500/yr, that's what broke people should be doing.

If everything a person buys is being bought on credit and being paid back in time, they are broke.

500 PER yr is much much better than 500 per month..... both were doing the same job, you just didn't look quite as cool to your buds but you pocketed the money instead and put it back into your business.

I agree on the 8 k part but most people won't drive a caravan like you did or a truck like I drive..

Most feel they are entitled to more because they drag their ass outta bed everyday and go to work, just like me and you do (except for today)

[Bugeater]

Originally Posted by R8ers

If everything a person buys is being bought on credit and being paid back in time, they are broke.

500 PER yr is much much better than 500 per month..... both were doing the same job, you just didn't look quite as cool to your buds but you pocketed the money instead and put it back into your business.

I agree on the 8 k part but most people won't drive a caravan like you did or a truck like I drive..

Most feel they are entitled to more because they drag their ass outta bed everyday and go to work, just like me and you do (except for today)

Well IMO, if they can afford it and that's how they want to spend their money, they deserve it. I don't think entitlement comes into the picture most of the time.

And besides, if everyone subscribed to that theory and didn't buy new cars, where would the used cars come from? We'd be like the folks down in Cuba who are all still driving 1958 Packards.

[Dayze]

Originally Posted by Bugeater

Dude, find me a 2 yr old car with 20K on it for $8,000 and I'll take ten of them.

intiially when this process started, we thought about gettign a different vehicle, simple to get more cash in the door (yeah, we'd be starting over in a term, but we needed cash badly). we looked at a 2008 Focus with about 24k miles for 8500.

not an awesome car by any means etc..just saying that the type of car I'll be looking for when my car kicks the bucket etc.

[R8RFAN]

Originally Posted by Dayze

intiially when this process started, we thought about gettign a different vehicle, simple to get more cash in the door (yeah, we'd be starting over in a term, but we needed cash badly). we looked at a 2008 Focus with about 24k miles for 8500.

not an awesome car by any means etc..just saying that the type of car I'll be looking for when my car kicks the bucket etc.

SEE thats what I am talking about....

Most people think they are "too good" for that focus though and they are "entitled" to whatever they want because they get up and go to work everyday.

I remember when I was in credit card debt bad when I was younger, I made pretty good money too, that credit card collector called me and I said to her " Lady, do you know how much money I make"? Like I was ENTITLED to the charges I put on that card.

She said to me that doesn't matter because their are plenty of millionaires out there that can't pay their bills either, I felt like an idiot

[Dayze]

Originally Posted by R8ers

SEE thats what I am talking about....

Most people think they are "too good" for that focus though and they are "entitled" to whatever they want because they get up and go to work everyday.

Yep. And frankly, I don’t know why I ever ‘thought’ I wanted car X (Corvette, BMW, et al). I mean, when I think about it – I spend 45-hour each way in the car to and from work. Then on weekends, it’s errands etc. Sh*t…it aint like I would have time to ‘cruise’ or ‘be cool’ anyway – even if I wanted to (which I don’t) lol

I’m trying to tell my wife “What’s it matter what you drive? You’re only getting to and from work. As long as it’s reliable, and safe etc….why do you care what kind of car you drive to and from work”.

When I actually asked that….she couldn’t answer.

Now, I’m not saying people who have killer cars are dumb etc. Everything is relative. If they can afford it ( I mean, ‘really’ afford it; not cutting it close etc) then go for it. I’m just saying I’m not in the position (and probably never will be) etc.

So in a few years, I’ll be rollin’ in a Focus b*tches with straight up 15”s.

[R8RFAN]

Originally Posted by Dayze

Yep. And frankly, I don’t know why I ever ‘thought’ I wanted car X (Corvette, BMW, et al). I mean, when I think about it – I spend 45-hour each way in the car to and from work. Then on weekends, it’s errands etc. Sh*t…it aint like I would have time to ‘cruise’ or ‘be cool’ anyway – even if I wanted to (which I don’t) lol

I’m trying to tell my wife “What’s it matter what you drive? You’re only getting to and from work. As long as it’s reliable, and safe etc….why do you care what kind of car you drive to and from work”.

When I actually asked that….she couldn’t answer.

Now, I’m not saying people who have killer cars are dumb etc. Everything is relative. If they can afford it ( I mean, ‘really’ afford it; not cutting it close etc) then go for it. I’m just saying I’m not in the position (and probably never will be) etc.

So in a few years, I’ll be rollin’ in a Focus b*tches with straight up 15”s.

put your budget on paper, stick to it, if the money runs out before the month then next month you just budget better, too bad, eat at home and no vacations
You all will be on the road to recovery before you know it.

I hit rock bottom, I went crazy when I got a good job, I never had anything, My Mom worked at a cafeteria and my Dad worked in a furniture manufacturing company and never made over 6 bucks an hour his whole life (he died in 1981) I thought I deserved the new things I bought on that credit card, I thought I was entitled to them because I got my ass out of the bed everyday and worked and America owed it to me.

America don't owe us jack shit, we owe America