Originally Posted by
scarry
You were luckier than me,i never had my own bedroom.I was one of 4 boys,we only ever had 3 bedroom houses.
I was the eldest and the first to do the bolt.In fact i couldn't wait to get out of the place,but thats another story.....
My parents never gave me a cent,wouldn't even loan me a cent either.i had to get a loan for my first car,all of $1000.
Same here,if we can't afford it,we don't get it.Its also the way i run the business,don't have the money for a new van,well the old one has to do for a bit longer.Same with other gear.
We paid cash for our house,19yrs ago.Sold the last one and added some savings.
i also could by a new RR tomorrow,but why would i waste the money?Massive maintenance costs,and depreciation.
And i don't want one[bighmmm]
We own our commercial investment properties,they are funded by borrowings between our companies,trusts,and SMSF.
No loans to anyone else.
The hard thing is trying to get our sons and their wives/girl friends to think the same.
They are the 'want it now' generation.