How are you affording this?
- Thread starter Waynebob
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This might be more for future you’s long term plan depending on your age and career trajectory. If you aren’t in a career or financial position to do these things, apologies in advance. At 51, this has been my strategy since my late 20s after being on my career trajectory at a company for about 5 years. That is what allows me to afford it now, but i also now earn low 6 figures after being at that same company for 27 years now…
Don’t get married or have kids
Tax deferred retirement investments automatically deducted from paychecks.
Low overhead expenses (ie don’t spend money on stuff you can do yourself for cheaper out of convenience or laziness - if you are eating out or door dashing all your meals, learn to grocery shop and cook for yourself).
Pay your credit card bill in full every month - carry little debt unless you are investing in real estate or very financially savvy). Maintain excellent credit.
Save save save as much as you can and don’t buy shit you can’t afford or are buying just for status signaling.
Be modest about purchasing luxury items you think you need but really don’t.
I'm sure for some Perbites, posting multiple "reviews" daily IS their side hustle. One of them recently got banned permanently for trading reviews for discounts and perks. Now someone has increased his already prolific output as if to "compensate"'for the other's absence.🙄
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Freakydeaky covers it.
Start investing when you are young.
Don’t waste money on stupid junk.
I make more from investment than from working.
Start investing when you are young.
Don’t waste money on stupid junk.
I make more from investment than from working.
It's expensive if you are into Caucasian ladies only . If you are more into Asians or other ethnicities you can save way more money by traveling to Asia or South America. There is no point of paying $300 for an Asian here when you can get it 10x cheaper overseas
I have a middle income blue-collar job.
This “activity” is my only vice. I try to indulge in it at least once per month.
I don’t smoke cigarettes, vape, gamble, or do recreational drugs. I only drink maybe 1 or 2 beers per week.
I don’t have any expensive hobbies or own any man toys (motorcycle, boat, snowmobile, ATV, camper, etc).
Never owned a new vehicle, always bought used.
Got divorced over a decade ago. It was expensive at the time, but in the long run I have been better off financially.
This “activity” is my only vice. I try to indulge in it at least once per month.
I don’t smoke cigarettes, vape, gamble, or do recreational drugs. I only drink maybe 1 or 2 beers per week.
I don’t have any expensive hobbies or own any man toys (motorcycle, boat, snowmobile, ATV, camper, etc).
Never owned a new vehicle, always bought used.
Got divorced over a decade ago. It was expensive at the time, but in the long run I have been better off financially.
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A lot of my clients are retired or have just sold a house.
They’re still working part time and some have admitted they took a little job just to keep “hobbying” not because they need the money
They’re still working part time and some have admitted they took a little job just to keep “hobbying” not because they need the money
Was told 25 years ago to invest in gold and silver. Haven’t looked back since.
Why don't they retire and use their savings/pensions in a country where it's cheaper to pay for this hobby ?
They should be teaching us this in school instead of some useless bs.
Not really. you can get a lot of child tax credit benefits. Also when you get older and sick you can save money having your children taking care of you instead of paying a nurse.
Yeah that one was me being a bit snarky - I would probably still be ok and maybe happier had my marriage worked out - so I guess I was not entirely forthcoming in retrospect, but for me my marriage lasted all of 6 months before she stepped out on me and when I found out 6 months after that, and said I wanted a divorce, she didn’t come after anything and being in California with a no fault clause, she was entitled to half. I got all the wedding presents too 😂 since I paid for half of that stupid destination wedding she always wanted.
At least they are happily married now with kids, so in my mind there was some sort of positive outcome after the whole mess (for her). Have always wondered if she’s cheated on him too, considering she cheated with me on a prior BF before we got married - shoulda seen it coming huh?
Sorry off topic, but wanted to add a little clarity being slightly jaded, so we don’t need to all get into cheating wives and marriages and get this thread 86ed for going off the rails. 🕺
I have plenty of other interests besides the hobby.
Spent 25 years making my house just the way I want it, not moving after all that effort.
Why would they? Not everything is about sex. Why would they move away from their family and friends just to get cheaper sex?
Some of you have very interesting views on life…
You're the one who mentioned that they get a part time job just for the sake of paying for this hobby. So it will probably make sense to move to another country where they can just live off their savings and pay for this hobby without having to get another job. A lot of Canadians retire in Mexico because of the climate. I can ask the same question "Why would they move away from their family and friends just to get better climate?"
For some people better climate is important to reture, for some other people access to sex and companionship.
THIS.
This is something that as far as I am concerned should be mandatory in every kids schooling. How to balance a cheque book. Fundamentals of day to day expensing, savings, basic investing and so on.
Sure there are those who are scraping by so hand to mouth is their norm, and some parents never got the memo so don't teach their kids how to eat for a starter let alone manage money. But at least give the kids a chance somewhere along the way on how to manage money.
They never taught in my school or university for that matter. So for me it was early in the 80's. Still in my 20's, starting off on my career. Met a guy, my age, drove a Biarritz, had a car phone, the top floor of a False Creek apartment. How do you do it? I asked. He said, work at 2 things, one your money to get you by the other to make money. Be productive, do something for your businesses at least 5 full days a week if not more. Make money your product. In his 20's this guy was running in the Nelson Skalbania, Peter Pocklington circles.
Oh and be mindful of the divorces ........
I have a very comfortable life, but this is my only real extravagance.
For me it’s always been about living within my means, saving what I can, and knowing the difference between needs and wants. I’ve just always been this way and now I’m reaping the benefits.
I live a very modest lifestyle, no expensive tastes in food or luxury goods, dine out / order food rarely, don’t use any recreational drugs and quit drinking years ago. I enjoy times with friends and have other interests but none are expensive. It always shocks me when I hear what some guys spend money on.
A friend who always complains about the cost of living bought a new high end Polaris sled this winter, even though he’s already got a perfectly good machine. When he told me how much it cost my immediate reaction was to calculate how many girls I could be seeing for that amount of cash. I guarantee I’d get more pleasure, but I can’t show it off to my friends and neighbours.
We all have to decide on our priorities.
For me it’s always been about living within my means, saving what I can, and knowing the difference between needs and wants. I’ve just always been this way and now I’m reaping the benefits.
I live a very modest lifestyle, no expensive tastes in food or luxury goods, dine out / order food rarely, don’t use any recreational drugs and quit drinking years ago. I enjoy times with friends and have other interests but none are expensive. It always shocks me when I hear what some guys spend money on.
A friend who always complains about the cost of living bought a new high end Polaris sled this winter, even though he’s already got a perfectly good machine. When he told me how much it cost my immediate reaction was to calculate how many girls I could be seeing for that amount of cash. I guarantee I’d get more pleasure, but I can’t show it off to my friends and neighbours.
We all have to decide on our priorities.
I've always taken a certain portion of my paycheck and put into seperate account to A: make lump sum payments on my mortgage B: siphon some of that for the hobby.
This year did the final overpayment on mortgage (25 yr mortgage done in 17 years)
But I'm still taking that money and putting into the account but using that set aside for education and other unseen events. Just some of.it will be locked in for better savings, but not all😉
This year did the final overpayment on mortgage (25 yr mortgage done in 17 years)
But I'm still taking that money and putting into the account but using that set aside for education and other unseen events. Just some of.it will be locked in for better savings, but not all😉
I think us older dudes maybe got more of this kind of tough love financial education from our parents than current generations in their 20s and 30s.
Maybe it was just cuz they weren’t wealthy but [insert crotchety old man grumbling voice “when I was your age…”] I had my first job at 12 picking blueberries on a farm I had to ride my bike 5 miles to at 6 am (I grew up in the sticks on the east coast US mind you) for 10 cents a pint just so I could get money to play video games at the local gas and go, and buy candy, but they made me earn every penny for whatever I wanted to buy, including first car, insurance, the whole nine yards. But I also couldn’t eat anything out of the cupboard without permission, so pretty strict upbringing. But making me learn to earn my own way and driving home the importance of working/earning/saving for things i wanted and really drilling into me the importance of paying my bills early, if not on time, was hugely beneficial later in that I had that good habit instilled in me.
I don’t think I even got a credit card until I was in my mid 20s because I didn’t want to spend money I didn’t have.
Being wise about spending was a result and smart + gradual investing came through osmosis once I started my career and overheard other colleagues talking about it, but having a 401K plan thru my employer was a shove in the right direction.
I don’t know how impactful schooling will be regarding financial security and planning when there aren’t real consequences to your inability to follow some basic guidelines, but I’m sure the better students would benefit.
Times are different now, cell phones weren’t widespread until I was in my late 20s and the internet wasn’t it is today, and there was no such thing as a cell phone. Every internet search in the early days got you 100 porn sites before the real result you were looking for 😂
Social media culture and instagram / you tube influence mentality has kids thinking in strange ways - and I think a lot parents provide a lot more financial support under the guise of mental health + wellness for their children and so they never have to figure it out until very late in life (coming from a divorcee with no kids who is just speculating here based on what I see with my brother and his kids).
My mom also had me prepping dinner after school while she was at work and doing ironing and laundry and shit like that, so that wasn’t fun, but I can take good care of myself now. I remember this one kid in high school (only child) who had the complete opposite treatment from his mom and I was shocked at how incompetent he was about what I assumed all kids knew how to do, basic stuff. But he was waaaay better at soccer than me…..so a fair trade i suppose for him.
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