tag:blogger.com,1999:blog-6557458849091969678.post2325147417599617201..comments2023-06-15T09:13:45.467-04:00Comments on Liberty's Torch: Sturdy Wisdoms: The Worst HabitFrancis W. Porrettohttp://www.blogger.com/profile/05862584203772592282noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6557458849091969678.post-46233285726619796882017-03-25T20:57:52.455-04:002017-03-25T20:57:52.455-04:00I agree with all of it, and add this one, if I may...I agree with all of it, and add this one, if I may. It isn't mine; the first person I heard say it was Stuart Crane. Live on half your income and wisely invest the rest. It's required most of my life to learn its simple truth, because, if a person has succeeded in living off half his income, he has naturally learned most of the good maxims of which you speak in your post, mainly the difference between 'need' and 'want.'Anonymoushttps://www.blogger.com/profile/07795222563523474963noreply@blogger.comtag:blogger.com,1999:blog-6557458849091969678.post-60451515100167422182017-03-25T09:21:08.451-04:002017-03-25T09:21:08.451-04:00One caveat - if your job involves a commute, and y...One caveat - if your job involves a commute, and you haven't a reliable means of transportation, you might purchase a new, low-end car ($15k or less) - NOT leased - as a way to get past the hurdle of not having sufficient savings to put a down payment on a used car.<br /><br />Take excellent care of that car, ONLY using it for job-related transportation, and POSSIBLY making a once a month trip to the grocery store to make bulk purchases.<br /><br />Aggressively look for others needing a ride to your place of employment, or a nearby place, and plow that money received into paying off the car. Consider doing Uber for the same reason.<br /><br />I was once in a position where the needed down payment wasn't there, and I didn't need to put money down on a new car - I bought the Geo Metro, at that time about $7k, and ran it for 11 years. It more than made up for the investment.<br /><br />Do NOT lease, or buy a more expensive car. This advice is just for the cheap ones.Linda Foxhttps://www.blogger.com/profile/15024201252345608291noreply@blogger.com