Who's letting investments pay for their truck??

[banzai]

Using proceeds from investments to help supplement large purchases are fine as long as you are also putting enough money away for retirement. If your just using retirement funds to supplement your lifestyle while still working, your playing a dangerous game.

Sure, you can hit the lotto, but for most there is no shortcut to financial security. Guess I'm just old, but I worked at the same place for 42 years, earned a retirement annuity, plus put money away in a 401K investment. I retired at 60, take home the same now as when I was working. Plus, I have no worries about my money running out, even if I live to be 100 or beyond.

No one will be able to work forever, even if you can't afford to stop. At some point everyone needs a source of income to rely on to meet their basic needs. Using that money now and its dividends only lessens what you'll have later. Not trying to preach, but just like freedom isn't free, the easy life isn't easy either.

 

[BaseRaptor]

Tesla stock purchased in 2018 will easily cover the entire purchase price. It was revealed years later that Tesla was only a month away from declaring bankruptcy in 2018. The Model 3 was credited for reversing the fortunes of the company.

I must admit that I am a bit torn deciding between my Cybertruck Tri Motor reservation and my 2022 Raptor reservation. Part of me likes the “designed by Aliens” styling, robust stainless steel body and all electric 3-motor drivetrain. The other part of me wants a fossil fueled Raptor before they go the way of the Do Do bird.

 

[Ron Lanza]

I am 62 retired and have zero debt. So I was fortunate enough to Pay Cash for my Raptor. Or I never would have gotten it!! I didn't take any funds from my retirement investments which will easily last my lifetime. However I will take some out to buy my wife a new SUV in two years when she retires. Because who want's to pay $1000.00+ a month for 5 years for an auto payment ? That's a weekend vacation every month instead.

 

[RaptorWhoSaysNI]

Tesla stock purchased in 2018 will easily cover the entire purchase price. It was revealed years later that Tesla was only a month away from declaring bankruptcy in 2018. The Model 3 was credited for reversing the fortunes of the company.

I must admit that I am a bit torn deciding between my Cybertruck Tri Motor reservation and my 2022 Raptor reservation. Part of me likes the “designed by Aliens” styling, robust stainless steel body and all electric 3-motor drivetrain. The other part of me wants a fossil fueled Raptor before they go the way of the Do Do bird.

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The Cybertruck weighs between 8,500-10,000lbs compared to 5,700 for the Raptor, might as well buy a tractor trailer! LOL Also, volume production of the Cybertruck won't be achieved until at least late 2023, as per Tesla.

 

[COLORAP303]

Some of this reminds me of 08’ on steroids. Everyone was a financial genius as we saw nearly every asset class appreciating. When the tide goes out is when you know who was skinny dipping. One day it will all go the other way. Risk some, but not most. Pay cash for things that depreciate during normal times (these are far from normal) and the roof over your head.

 

[BaseRaptor]

I am 62 retired and have zero debt. So I was fortunate enough to Pay Cash for my Raptor. Or I never would have gotten it!! I didn't take any funds from my retirement investments which will easily last my lifetime. However I will take some out to buy my wife a new SUV in two years when she retires. Because who want's to pay $1000.00+ a month for 5 years for an auto payment ? That's a weekend vacation every month instead.

Zero debt = Freedom

 

[PorterW1111]

i invested in a welder, which def pays for my truck... lol

 

[quikag]

Some of this reminds me of 08’ on steroids. Everyone was a financial genius as we saw nearly every asset class appreciating. When the tide goes out is when you know who was skinny dipping. One day it will all go the other way. Risk some, but not most. Pay cash for things that depreciate during normal times (these are far from normal) and the roof over your head.

Exactly! Everyone is an investment genius nowadays with many laughing at the people paying cash instead of taking out a low interest loan and investing until the bottom drops out of the market. Then, you catch a bunch of people with their pants down trying to dump their rapidly depreciating assets when they realize they can no longer afford it.

I sleep better at night with minimal debt knowing irrespective of the way my pre-tax and after-tax investments go, I won't have to unload paid for vehicles at inopportune times due to cash flow constraints.

 

[ganooch]

Zero debt = Freedom

Some might argue that freedom is living within your means and making more than you spend. That doesn't necessarily mean zero debt.

 

[Shane361]

Not everyone can have zero debt. Not everyone can pay 400K cash for their house, I couldn't. My freedom comes from having the ability to pay for my truck and mortgage payment monthly without having to work, yet I work. There are so much contradictions in so many posts here.