TYM vs Yanmar

[bmaverick]

TYM+Kukje+Yanmar = Rural King RK tractors too.

37Hp diesel.

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[Torvy]

Also, all of Bad Boy tractors are TYM (Branson models). I don't think any of those have a Yanmar engine, though.

 

[CloverKnollFarms]

I had a financial advisor once who wanted me to leverage everything and invest everything. Even down to an interest only home loan.

My personality doesn't rest well with owing anyone anything. So, we went through life only paying things in full. Including our last home, property, tractor, cars...

Now, I am good at math. So I understand interest and ROI. I also place value on risk and peace of mind.

Now, we have averaged 13% in the market for a couple decades. I might have been more wealthy if I had leveraged my life. I might have also spent a lot more, knowing I didn't have to have the cash to buy it at the time.

I have a lot of peace of mind. I retired early. Maybe I'd be more wealthy. Not sure the anxiety would have been worth it.

 

[California]

I had a financial advisor once who wanted me to leverage everything and invest everything. Even down to an interest only home loan.

My personality doesn't rest well with owing anyone anything. So, we went through life only paying things in full. Including our last home, property, tractor, cars...

Now, I am good at math. So I understand interest and ROI. I also place value on risk and peace of mind.

Now, we have averaged 13% in the market for a couple decades. I might have been more wealthy if I had leveraged my life. I might have also spent a lot more, knowing I didn't have to have the cash to buy it at the time.

I have a lot of peace of mind. I retired early. Maybe I'd be more wealthy. Not sure the anxiety would have been worth it.

My experience is about the same as yours. And similar results. The peace of mind, was worth it.

 

[Torvy]

I had a financial advisor once who wanted me to leverage everything and invest everything. Even down to an interest only home loan.

My personality doesn't rest well with owing anyone anything. So, we went through life only paying things in full. Including our last home, property, tractor, cars...

Now, I am good at math. So I understand interest and ROI. I also place value on risk and peace of mind.

Now, we have averaged 13% in the market for a couple decades. I might have been more wealthy if I had leveraged my life. I might have also spent a lot more, knowing I didn't have to have the cash to buy it at the time.

I have a lot of peace of mind. I retired early. Maybe I'd be more wealthy. Not sure the anxiety would have been worth it.

There's a happy medium. We used a lot of 90 days deals to help build our credit. Wife has MBA and we both spent many years in banking.

Another important ratio is debt-to-income. We liked to keep ours around 25%. Lenders will go much higher. Sometimes as much as 50%.

Now we really don't mess with debt other than revolving cards. We pay them in full every month, so it's not a big deal. Our investments pay the bills and we live very cheaply. We're on pace to spend about $30k for the full year. The point being that we don't need to build more.

 

[CloverKnollFarms]

There's a happy medium. We used a lot of 90 days deals to help build our credit. Wife has MBA and we both spent many years in banking.

Another important ratio is debt-to-income. We liked to keep ours around 25%. Lenders will go much higher. Sometimes as much as 50%.

Now we really don't mess with debt other than revolving cards. We pay them in full every month, so it's not a big deal. Our investments pay the bills and we live very cheaply. We're on pace to spend about $30k for the full year. The point being that we don't need to build more.

We are in the same boat. Our annual expenses are about $30k. When you don’t have debt, life can get quite inexpensive.

It will be nice when I can access my retirement accounts in 12 years

 

[Torvy]

We are in the same boat. Our annual expenses are about $30k. When you don’t have debt, life can get quite inexpensive.

It will be nice when I can access my retirement accounts in 12 years

There are ways. Wife had hers draw early. (Rule 72t) I'm old enough now to draw without strings or penalties. I just haven't needed to. Her 72t draw covers us. In a couple of more years, I'll start drawing SocSec. It may not be viable when I get to 70. Haha

 

[California]

I wish living expenses in California were that low! But we're ok. The Fidelity account has grown 50% since I took early retirement in 1998.

After a couple of years fine tuning a spreadsheet that projected all expenses, and income such as future SS, I decided I could safely pull the plug. Things have worked out as projected back then. (Yes, MBA here. )

IRA money replaced some of the wage income, enough to be comfortable. Back then you could start drawing from an 459 (IRA) years early, I think age 50, if you signed to take a flat amount monthly for life.

We lived comfortable but below our actual income level for years while accumulating savings. And today, still do.

 

[California]

Torvy, I'm convinced I've paid less for cars than if I had financed them.

When I bought the 99 Subaru Outback (new) I went in Monday with the check and was told Sergei doesn't work here any more. I hadn't realized I beat him up that bad! He must have been desperate to make a sale, any sale.

And the car had been sabotaged. A different dealer discovered the horn, turn signals etc fuses had been removed between my test drive and taking possession. Maybe I PO'd the finance guy too.

Yeah I'm cheap, when we're talking $thousands.

Still have the car. It hasn't given me any reason to replace it.

 

[CloverKnollFarms]

There are ways. Wife had hers draw early. (Rule 72t) I'm old enough now to draw without strings or penalties. I just haven't needed to. Her 72t draw covers us. In a couple of more years, I'll start drawing SocSec. It may not be viable when I get to 70. Haha

Yeah, I'm aware of the 72t... But not a fan of 12 years of it.

We don't NEED it now...
But when I can finally tap my retirement, I'll actually feel like all those years were worth it. Right now I still feel like I'm waiting to retire in a sense