Comments on: A Sacrifice Is Not A Loss But A Gain http://www.enemyofdebt.com/2009/01/a-sacrifice-is-not-a-loss-but-a-gain/ Motivational Money Management Wed, 08 Feb 2012 23:11:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: It's Not a Myth, It's a Lie; You Don't Need a Car Payment | Enemy of Debt: Where Behavior Meets Reality http://www.enemyofdebt.com/2009/01/a-sacrifice-is-not-a-loss-but-a-gain/#comment-12233 It's Not a Myth, It's a Lie; You Don't Need a Car Payment | Enemy of Debt: Where Behavior Meets Reality Wed, 13 Apr 2011 04:10:06 +0000 http://www.enemyofdebt.com/?p=321#comment-12233 [...] started with a $500 Honda CRX and upgraded to a 1999 Saturn. My wife started with a paid for $3,000 1993 Volvo 940 and now has a [...] [...] started with a $500 Honda CRX and upgraded to a 1999 Saturn. My wife started with a paid for $3,000 1993 Volvo 940 and now has a [...]

]]> By: Week In Review: Best Of My RSS Feed Edition | Enemy of Debt: Where Behavior Meets Reality http://www.enemyofdebt.com/2009/01/a-sacrifice-is-not-a-loss-but-a-gain/#comment-10107 Week In Review: Best Of My RSS Feed Edition | Enemy of Debt: Where Behavior Meets Reality Sun, 27 Feb 2011 17:20:06 +0000 http://www.enemyofdebt.com/?p=321#comment-10107 [...] Slang” Edition hosted by Budgets Are Sexy.  J. Money decided to include my submission, A Sacrifice Is Not A Loss But A Gain.  J’s theme was interesting to me especially since before I met J I was a “NOOB” [...] [...] Slang” Edition hosted by Budgets Are Sexy.  J. Money decided to include my submission, A Sacrifice Is Not A Loss But A Gain.  J’s theme was interesting to me especially since before I met J I was a “NOOB” [...]

]]> By: From Car Payment To Clunker To Upgrade | Enemy of Debt: Where Behavior Meets Reality http://www.enemyofdebt.com/2009/01/a-sacrifice-is-not-a-loss-but-a-gain/#comment-10101 From Car Payment To Clunker To Upgrade | Enemy of Debt: Where Behavior Meets Reality Sun, 27 Feb 2011 17:12:36 +0000 http://www.enemyofdebt.com/?p=321#comment-10101 [...] on gas, and had lots of character, it just wasn’t the prettiest thing to look at.  At first, I wondered what people thought about my clunker but soon realized it didn’t matter what they thought.  We were finally [...] [...] on gas, and had lots of character, it just wasn’t the prettiest thing to look at.  At first, I wondered what people thought about my clunker but soon realized it didn’t matter what they thought.  We were finally [...]

]]> By: Today is Enemy of Debt's 2 Year Anniversary! http://www.enemyofdebt.com/2009/01/a-sacrifice-is-not-a-loss-but-a-gain/#comment-5588 Today is Enemy of Debt's 2 Year Anniversary! Mon, 05 Apr 2010 09:57:15 +0000 http://www.enemyofdebt.com/?p=321#comment-5588 [...] A Sacrifice Is Not A Loss But A Gain – How far are you willing to go to get out of debt? I sold my nice car to eliminate the heavy car payment I was dragging behind me. JANUARY 2009 [...] [...] A Sacrifice Is Not A Loss But A Gain – How far are you willing to go to get out of debt? I sold my nice car to eliminate the heavy car payment I was dragging behind me. JANUARY 2009 [...]

]]> By: 12 Personal Finance Bloggers Answer – New or Used Car? http://www.enemyofdebt.com/2009/01/a-sacrifice-is-not-a-loss-but-a-gain/#comment-4680 12 Personal Finance Bloggers Answer – New or Used Car? Thu, 18 Feb 2010 01:35:14 +0000 http://www.enemyofdebt.com/?p=321#comment-4680 [...] that I still spend less when the dust settles. In 2 years I have spent $2,500 on 3 different cars. The first, (I re-sold for $300) I drove for more than a year before I upgraded. The upgrade cost me $500 and [...] [...] that I still spend less when the dust settles. In 2 years I have spent $2,500 on 3 different cars. The first, (I re-sold for $300) I drove for more than a year before I upgraded. The upgrade cost me $500 and [...]

]]> By: 7 Critical Ways You Need to Take Your Life Off Autopilot | My Super-Charged Life http://www.enemyofdebt.com/2009/01/a-sacrifice-is-not-a-loss-but-a-gain/#comment-2866 7 Critical Ways You Need to Take Your Life Off Autopilot | My Super-Charged Life Wed, 18 Nov 2009 12:00:54 +0000 http://www.enemyofdebt.com/?p=321#comment-2866 [...] to turn your life around and fix your finances.  Yes, you will have to make some changes, but these sacrifices are gains, not losses!  Get control of your finances [...] [...] to turn your life around and fix your finances.  Yes, you will have to make some changes, but these sacrifices are gains, not losses!  Get control of your finances [...]

]]> By: A Debt Free Christmas Is A Stress Free Christmas | SELF RELIANCE EXCHANGE http://www.enemyofdebt.com/2009/01/a-sacrifice-is-not-a-loss-but-a-gain/#comment-2606 A Debt Free Christmas Is A Stress Free Christmas | SELF RELIANCE EXCHANGE Mon, 12 Oct 2009 18:27:38 +0000 http://www.enemyofdebt.com/?p=321#comment-2606 [...] on a credit card is a way of life.  These same people will also tell you that you have to have a car payment, or that it is not possible to go through life without using credit cards, or as I refer to them [...] [...] on a credit card is a way of life.  These same people will also tell you that you have to have a car payment, or that it is not possible to go through life without using credit cards, or as I refer to them [...]

]]> By: Brad Chaffee http://www.enemyofdebt.com/2009/01/a-sacrifice-is-not-a-loss-but-a-gain/#comment-2459 Brad Chaffee Mon, 14 Sep 2009 01:34:19 +0000 http://www.enemyofdebt.com/?p=321#comment-2459 I wrote an update here but haven't updated my side bar yet. Guess I need to do that. <a href="http://www.enemyofdebt.com/2009/08/from-car-payment-to-clunker-to-upgrade/" rel="nofollow">"From Car Payment To Clunker To Upgrade"</a> I wrote an update here but haven’t updated my side bar yet. Guess I need to do that. “From Car Payment To Clunker To Upgrade”

]]> By: Dave http://www.enemyofdebt.com/2009/01/a-sacrifice-is-not-a-loss-but-a-gain/#comment-2458 Dave Mon, 14 Sep 2009 00:56:19 +0000 http://www.enemyofdebt.com/?p=321#comment-2458 when is the update coming for your new ride when is the update coming for your new ride

]]> By: Financial Samurai http://www.enemyofdebt.com/2009/01/a-sacrifice-is-not-a-loss-but-a-gain/#comment-2457 Financial Samurai Sun, 13 Sep 2009 22:58:38 +0000 http://www.enemyofdebt.com/?p=321#comment-2457 Love it! Well done Brad! If you check out my site, I have a car problem, so I wrote <a href="http://www.financialsamurai.com/2009/07/11/8-cars-in-10-years-i-have-a-problem-but-you-wont/" rel="nofollow">"8 Cars In 10 Years. I Have A Problem But You Won't!"</a>. I think you'll find it a kick. I told myself as soon as I turned 30, i would get a new car, and I resisted. I also told myself as soon as I made over $500,000, I'd get a new car, and I also resisted! I've had my 2000 Land Rover for the past 3 years now, and it is a record. All paid for, and I love it! I don't care about what other people think either. I just need something to haul a lot of stuff to Tahoe during the winter, and is relatively safe. Hope to see you over at Financial Samurai one day. Love it! Well done Brad! If you check out my site, I have a car problem, so I wrote “8 Cars In 10 Years. I Have A Problem But You Won’t!”. I think you’ll find it a kick.

I told myself as soon as I turned 30, i would get a new car, and I resisted. I also told myself as soon as I made over $500,000, I’d get a new car, and I also resisted! I’ve had my 2000 Land Rover for the past 3 years now, and it is a record. All paid for, and I love it!

I don’t care about what other people think either. I just need something to haul a lot of stuff to Tahoe during the winter, and is relatively safe.

Hope to see you over at Financial Samurai one day.

]]> By: Brad Chaffee http://www.enemyofdebt.com/2009/01/a-sacrifice-is-not-a-loss-but-a-gain/#comment-2114 Brad Chaffee Sat, 01 Aug 2009 20:30:54 +0000 http://www.enemyofdebt.com/?p=321#comment-2114 Glad you like the license plate! It has become my identity, LOL! Just one more thing I decided to do to keep people thinking debt free. The mindset you are referring to that tells us we must have something cool, is something we have all suffered from. Thankfully you settled for the Ford Ranger, which is not all that bad of a truck. You are right! Driving debt free is absolutely refreshing. No worries. I know some people that are upside down on vehicles where they make $600 payments every single month. The thought of that is nauseating to me. Again thanks for stopping by Dave and I hope you stick around! Glad you like the license plate! It has become my identity, LOL! Just one more thing I decided to do to keep people thinking debt free.

The mindset you are referring to that tells us we must have something cool, is something we have all suffered from. Thankfully you settled for the Ford Ranger, which is not all that bad of a truck. You are right! Driving debt free is absolutely refreshing. No worries. I know some people that are upside down on vehicles where they make $600 payments every single month. The thought of that is nauseating to me.

Again thanks for stopping by Dave and I hope you stick around!

]]> By: Dave http://www.enemyofdebt.com/2009/01/a-sacrifice-is-not-a-loss-but-a-gain/#comment-2109 Dave Sat, 01 Aug 2009 15:11:45 +0000 http://www.enemyofdebt.com/?p=321#comment-2109 First, I love the license plate. A couple things: When I was 19 years old, I was looking to get a new car. I, at the time, had a Baby Blue Bronco 2. I went with my dad to a few dodge dealership cause I wanted and "must-have" a v8 ram hemi. The price tag was going to be about 18k. Mind you I lived in the city so 1)there was no need for a hemi, 2)I was in college working full time paying all my bills making only $11/hr, 3)my friends pushing me to get it had shitty cars so why was there pressure to be like them. I ended up still taking on debt for new (but reliable) ford ranger. I look back and realize how much I would have wasted by buying that unnecessary Hemi. It was all about the look and I didnt need the look. I was in college for gosh sakes. Everyone is poor in college. Thankfully, I steered my way away from such a bad decision but I know many people that don't. The best feeling with cars is when you own them outright. When you don't have to think about that dreaded bill each month. Currently I don't have a car as I sold it before heading to Australia to try and live there. Now, as I have moved back to the States, I am hoping my GF and I can get by with only one car (hers). I am trying to reverse the societal way of 'Every driver must have their own car in a household' and become more 'Green' by using other very accessible modes of transportation. I will try and use these things called feet for trips under a mile and a bike for anything within 10. I think this will benefit in more ways than just cost. Long story short....I completely agree on sticking to being car-loanless. Well wishes.... Dave First, I love the license plate.
A couple things:

When I was 19 years old, I was looking to get a new car. I, at the time, had a Baby Blue Bronco 2. I went with my dad to a few dodge dealership cause I wanted and “must-have” a v8 ram hemi. The price tag was going to be about 18k. Mind you I lived in the city so 1)there was no need for a hemi, 2)I was in college working full time paying all my bills making only $11/hr, 3)my friends pushing me to get it had shitty cars so why was there pressure to be like them. I ended up still taking on debt for new (but reliable) ford ranger. I look back and realize how much I would have wasted by buying that unnecessary Hemi. It was all about the look and I didnt need the look. I was in college for gosh sakes. Everyone is poor in college. Thankfully, I steered my way away from such a bad decision but I know many people that don’t.

The best feeling with cars is when you own them outright. When you don’t have to think about that dreaded bill each month. Currently I don’t have a car as I sold it before heading to Australia to try and live there. Now, as I have moved back to the States, I am hoping my GF and I can get by with only one car (hers). I am trying to reverse the societal way of ‘Every driver must have their own car in a household’ and become more ‘Green’ by using other very accessible modes of transportation. I will try and use these things called feet for trips under a mile and a bike for anything within 10. I think this will benefit in more ways than just cost.

Long story short….I completely agree on sticking to being car-loanless.

Well wishes….
Dave

]]> By: Brad Chaffee http://www.enemyofdebt.com/2009/01/a-sacrifice-is-not-a-loss-but-a-gain/#comment-2024 Brad Chaffee Fri, 24 Jul 2009 17:28:35 +0000 http://www.enemyofdebt.com/?p=321#comment-2024 Great piece of advice! Definitely important to start saving for repairs and possible replacement early on. I paid $500 for my car, have put 50,000 miles on it, and owned it for a year and a half. We have had to use our Emergency Fund a few times to fund repairs, but never considered getting another car, especially one with a car payment. <b>The most important thing is to have an emergency fund!</b> I am completely against having a car payment so I personally would have bought a cash car that is reliable. Often times people will justify getting a car payment in the name of reliability or some other "need". There are tons of used cars out there that cost $2,000 or less that are reliable. Great piece of advice! Definitely important to start saving for repairs and possible replacement early on. I paid $500 for my car, have put 50,000 miles on it, and owned it for a year and a half. We have had to use our Emergency Fund a few times to fund repairs, but never considered getting another car, especially one with a car payment. The most important thing is to have an emergency fund!

I am completely against having a car payment so I personally would have bought a cash car that is reliable. Often times people will justify getting a car payment in the name of reliability or some other “need”. There are tons of used cars out there that cost $2,000 or less that are reliable.

]]> By: threadbndr http://www.enemyofdebt.com/2009/01/a-sacrifice-is-not-a-loss-but-a-gain/#comment-2023 threadbndr Fri, 24 Jul 2009 17:07:55 +0000 http://www.enemyofdebt.com/?p=321#comment-2023 Those of you who are driving paid off cars or about to pay off your car - piece of advice. Start paying into a car replacement fund. Otherwise, when the beater finally dies, you'll end up with a car payment. :-( I didn't start my new car fund soon enough, but I did have enough to make a BIG downpayment, so I'm not underwater on my new (to me) car. I could have bought another beater, but now that my mom doesn't drive, I don't have a back up car of any kind, so dependability became a major factor. Those of you who are driving paid off cars or about to pay off your car – piece of advice. Start paying into a car replacement fund.

Otherwise, when the beater finally dies, you’ll end up with a car payment. :-( I didn’t start my new car fund soon enough, but I did have enough to make a BIG downpayment, so I’m not underwater on my new (to me) car.

I could have bought another beater, but now that my mom doesn’t drive, I don’t have a back up car of any kind, so dependability became a major factor.

]]> By: Brad Chaffee http://www.enemyofdebt.com/2009/01/a-sacrifice-is-not-a-loss-but-a-gain/#comment-1997 Brad Chaffee Mon, 20 Jul 2009 21:41:09 +0000 http://www.enemyofdebt.com/?p=321#comment-1997 I absolutely do feel that it drives better knowing I have no payment each month. Releasing ourselves from that car payment each month has been a blessing. I hope more people start to realize the benefit not having a car payment provides. Thanks for stopping by Peter. BTW...I love reading your blog! I absolutely do feel that it drives better knowing I have no payment each month. Releasing ourselves from that car payment each month has been a blessing. I hope more people start to realize the benefit not having a car payment provides. Thanks for stopping by Peter. BTW…I love reading your blog!

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