I know some here may think this is a joke or similar. Here is a real problem I have. 90% of my income is disposable income. Now I save over 50% of what I make. The problem is I feel like I'm addicted to buying knives I have no plan on using with a portion of the remaining funds. I think I will seriously bring this up with my psychiatrist next week....?? What would you do?
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OK please, I really need help!!
- Thread starter swamp
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I would cancel the psychiatric appointment. Buy what you like. Life is too short.
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First of all, if you have so much cash like you say, buy a membership and help support this site.
Second,
Buy a house
Invest in a 401k/index or mutual fund
Start a business
Become a philanthropist
Get a doctorate degree
Make knives
Stop batoning with folders
Second,
Buy a house
Invest in a 401k/index or mutual fund
Start a business
Become a philanthropist
Get a doctorate degree
Make knives
Stop batoning with folders
Bigfattyt
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Some funny stuff!
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you could donate to the RREWF (the rusty razor empty wallet fund) ...good cause I recon. if your biggest problem is that you have too much money, and don't know what to do with it, you are doing ok. as stated above "life is short, buy what you want" but take a couple bucks and support the site so you can learn more about the knives you love and blow the rest on whatever the hell you want :thumbup:
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Keep them in good condition and use them to help pin down exactly what elements you want in your knives. Then, when the desire for acquisition dies down a bit, sell some off and use the money to get customs that fit exactly the parameters that you want. Or if the acquisition is the bigger part of it start trading on the forum instead of buying new. Gives you the same satisfaction of acquiring a new blade without all the expense or guilt for spending the money.
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Yeah, we know you make the big bucks working the greens at a golf course... I guess expenses are low when you can live in the tool shed...
well, I'll tell you this as my advice. Too much money can be a big problem (nope, I don't have that problem)
Set a monthly knife allowance and stick to it; that way it will give you a "limit" and you will have to "save" if you want something.
Buy whatever you want in order to understand what knife you like and the ones that you don't.
Why do you buy knives? is it for the rush of buying?
Keep taking your medication and yes, like RevDevil mentioned: STOP BATONING WITH YOUR XXXX FOLDERS
)Set a monthly knife allowance and stick to it; that way it will give you a "limit" and you will have to "save" if you want something.
Buy whatever you want in order to understand what knife you like and the ones that you don't.
Why do you buy knives? is it for the rush of buying?
Keep taking your medication and yes, like RevDevil mentioned: STOP BATONING WITH YOUR XXXX FOLDERS
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You may have missed choice one, but you seem to have nailed choice two.:thumbup:
I would cancel the psychiatric appointment. Buy what you like. Life is too short.
From the way the OP stated it, I gather its a standing appointment.
Probably best if he not cancel and of those.
Absolutely!
As to the other options suggested, we might want to nail down 90% of what income.
If you spend your time saying "Want fries with that?" and live at home, 90% of your income might be disposable, but options become more limited.
At least he's having 50%...always good to get in that habit.
You're certainly not the only one here with that problem.
Coming here for help is much like going to a bar for counciling with your alcoholism.
That said, traditionals are greal collectibles and have the advantage of taking up less room.
CWL....Yeah, we know you make the big bucks working the greens at a golf course... I guess expenses are low when you can live in the tool shed...
Golf course superintendents also cut cups if they want to see the greens from a different perspective. I own my own home and where I live we make six figures and live in trailers not tool sheds. Lol. My initial post came off wrong evidently. I'm not rich, not poor. Wasn't bragging about how much I make.
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Golf course superintendents also cut cups if they want to see the greens from a different perspective. I own my own home and where I live we make six figures and live in trailers not tool sheds. Lol. My initial post came off wrong evidently. I'm not rich, not poor. Wasn't bragging about how much I make.
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Sorry- I was born with a wooden spoon in my mouth.
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Same here. Was never given anything except a strong work ethic, that was inherited through genetics though.
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Ya'll got spoons?
If you got a passion and a hobby, roll with it. I'm dirt poor, I find a way to play with knives. Go figure.
Moose
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I had a 100% disposable income at 16. Too bad I only made 8 bucks an hr haha.
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i was pathetic when i was 16. i used to throw like a girl... now that i'm older, i throw like a woman!
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Like what was stated above, too much money can be problematic. The psychology behind the problem is now that you're trying to buy happiness and spending a lot more on impulse purchases and not appreciating what you buy. That need for instant gratification becomes an addiction which is satisfied though purchases.
First, make sure your 401K/retirements are fully funded.
Next, are all your debts paid off? (Mortgage, cars, etc...)
Do you have at least 6 months salary in savings for emergencies?
Do you have college funds for your kids? Start saving even if you don't have kids.
Create a budget of all your necessary expenditures (utilities, groceries, living expenses).
What ever is left of your take home salary is disposable. Now, keep 40% of it for fun money broken up into budgets (knife, guns, sailing, hiking, etc) and stick to it.
Place the remaining 60% in a hard to access account. I direct deposit into an account that does auto bill pay and transfers a percentage into my spending account and what's remaining is difficult to access due to red tape at the bank. It keeps me from wasting it.
First, make sure your 401K/retirements are fully funded.
Next, are all your debts paid off? (Mortgage, cars, etc...)
Do you have at least 6 months salary in savings for emergencies?
Do you have college funds for your kids? Start saving even if you don't have kids.
Create a budget of all your necessary expenditures (utilities, groceries, living expenses).
What ever is left of your take home salary is disposable. Now, keep 40% of it for fun money broken up into budgets (knife, guns, sailing, hiking, etc) and stick to it.
Place the remaining 60% in a hard to access account. I direct deposit into an account that does auto bill pay and transfers a percentage into my spending account and what's remaining is difficult to access due to red tape at the bank. It keeps me from wasting it.