Posted on Aug 10, 2015
Great financial skills or poor priorities decisions? Can both be mixed?
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I live on post, the area where I live is for E1-E4 SM. This weekend I was driving around and was kind of shocking seeing the cars that were parked in front of the houses. Jaguars, big nice Trucks, brand new mustangs, turbo charged Subarus, etc. And there was me, driving my 2000 Nissan Maxima in awe.
My wife and me are one of the few couples with no children in the area, we save more than 30% of our income. We've been talking about getting a new car but like 2 years from now. I'm not the kind of person that like to judge others by appearances, and I can't see the inside of their houses so I have to hold my judgement (They can't see my furniture either).
I've seen 2015 Mustangs and Camaros with a baby car seat in the back seat, maybe that means that they wanted the car so bad that it didn't matter that much the practicality of the car. Or maybe his other car is a Dodge Caravan and he had a little trip with the baby. We'll never know.
Have you ever got a Soldier with poor decisions skills or he just had great financial skills?
http://www.duffelblog.com/2012/05/army-pfc-buys-ford-mustang-after-deployment-gets-really-great-deal/
Note: Photo from Google Images
My wife and me are one of the few couples with no children in the area, we save more than 30% of our income. We've been talking about getting a new car but like 2 years from now. I'm not the kind of person that like to judge others by appearances, and I can't see the inside of their houses so I have to hold my judgement (They can't see my furniture either).
I've seen 2015 Mustangs and Camaros with a baby car seat in the back seat, maybe that means that they wanted the car so bad that it didn't matter that much the practicality of the car. Or maybe his other car is a Dodge Caravan and he had a little trip with the baby. We'll never know.
Have you ever got a Soldier with poor decisions skills or he just had great financial skills?
http://www.duffelblog.com/2012/05/army-pfc-buys-ford-mustang-after-deployment-gets-really-great-deal/
Note: Photo from Google Images
Finance
Decisions
Money
Posted >1 y ago
Responses: 17
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Many of those in our ranks have multiple deployments and what you see is the deployment money, as long as they manage their finances no problem - in those cases, they put their ass on the line so let them spend it the way they want without being judged as irresponsible....rather them spend it on a vehicle than on something illegal or on alcohol.
Now, for the naysayers.....ask any of my Soldiers and you will know that I am a huge proponent of compounding interest and always talk with Soldiers about investing in their future, you cannot get back missed time. And for your investment schedule SGT(P) (Join to see), you are doing outstanding with your investment plan! My primary vehicle is a 1989 Jeep Comanche!
Now, for the naysayers.....ask any of my Soldiers and you will know that I am a huge proponent of compounding interest and always talk with Soldiers about investing in their future, you cannot get back missed time. And for your investment schedule SGT(P) (Join to see), you are doing outstanding with your investment plan! My primary vehicle is a 1989 Jeep Comanche!
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SGT(P) (Join to see)
CSM Michael J. Uhlig thanks for this great response! This helps me understand better how they can afford those cars. And about your truck, those don't die!
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SGT(P) (Join to see)
This is my "Golden Boy", I didn't invest even $500 in the changes. Found the rims on Craiglist for $75, believe or not. CSM Michael J. Uhlig SSG Zachary Vrba
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They are either: (a) trustfund babies, (b) independently wealthy, (c) deployment SMEs, and/or (d) in debt up to their eyeballs. Dealer's choice. :)
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SGT(P) (Join to see)
I hope the answer is C or B, I've seen D and is very uncomfortable when someone is telling you their economical problems and you see they don't help themselves. CMSgt (Join to see)
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Its all in how your credit looks. Some people have priorities that lie in material things, others prefer to invest. Weve all known that Soldier who went and got ripped off on a car. A good leader would always go with a Soldier when making a large purchase to help ensure he isn't getting screwed.
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SGT(P) (Join to see)
When I got my car I was talking with a NCO and told him that I wanted to make it some mods, rims, headlights, etc. He asked me, why don't you get a new car? I told him that the mods wouldn't be more than $500 and that would be just a month of payment on a brand new car. He understood me. SFC (Join to see)
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