How do you determine your discretionary income?

[DeletedUser394]

Just last week I stopped myself from spending around $1,000 on premium gym memberships, brand new shoes, a $100 ed hardy cap, a $100 armani t-shit, etc

I realized that I could just get these things when I actually make a lot of money and have a large income. By buying things now that I don't really need, I'm simply delaying my goals and slowing down my progress.

As it stands now, I have more money than the average 17 year old, so why would I swindle this opportunity to get even further ahead!

So my question is for everyone, but more specifically for MJ, Russ, Runum, etc.

When you began, how did you determine what you would spend on things that you really didn't need? Or were you simply a miser until you sold your first company/RE deal?

I know the answer to this question is something along the lines of "everyone is different", but that's not what I'd like to know. I simply want to know how you went about spending discretionary income in the past, and how your perception of what discretionary income was as you progressed and made more money.

For the people (like me) who haven't yet achieved a massive amount of financial success, what kind of "pocket money" do you guys keep?

Ex: Spend $5-$10 out of every $100 you earn, or $200/month to spend on stupid things.

Thanks :smxB:

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)

[Rem]

O en puv e nommoupeosi tu nezci zua esip'v muuloph gus vjot eptxis cav O jewi emxezt ciip e tewis. O fup'v caz epzvjoph apmitt O piif ov. O miv ni xogi caz ni vji uvjis tvagg. MUM

Ov't nusi ecuav timg dupvsum. Cav og zua piif vu, vjip cafhiv ov.

O en tasi zua xomm hiv tuni civvis eptxist.

 

[PaulRobert]

Xjip zua cihep, jux fof zua fivisnopi xjev zua xuamf tqipf up vjopht vjev zua siemmz fofp'v piif? Us xisi zua tonqmz e notis apvom zua tumf zuas gostv dunqepz/SI fiem?

Gus vji qiuqmi (moli ni) xju jewip'v ziv edjoiwif e nettowi enuapv ug gopepdoem tadditt, xjev lopf ug "qudliv nupiz" fu zua hazt liiq?

O jewi fivisnopif nz tqipfoph jecovt up PIIF wt. XEPV. Nz iyqiptit up dmuvjit, imidvsupodt, idv.. jet hupi fuxp tohpogodepvmz. Emnutv emm ug nz iyqiptit duptotv ug epzvjoph simevif vu nz qsufadv. Ov ot huuf vjev zua qav e tvuq vu vji atimitt iyqiptit tadj et nincistjoqt epf uvjis vjopht. Topdi zua esi qmeppoph vu hu uggodoem epf neli e nommoup cz vji ipf ug vjot zies, O tahhitv zua caz e fidipv taov epf e huuf qeos ug fsitt tjuit. Vjevt ov. Ot vji Esnepo tjosv hivvoph zua dmutis vu vji Getvmepi us ot ov katv neloph zua muul et og zuas mowoph op vji Getvmepi? Emtu, O emxezt hu raemovz us uwis raepvovz tu O fu puv ipf aq tqipfoph nupiz up nusi vjep O piif.

Opwitv vjev nupiz vu neli zua sodjis tu zua dep sixesf zuastimg xovj tunivjoph podi mevis up.

 

[mkzhang]

O en e djieq can, O piwis tqipf nadj up dmuvjit us guuf. Op gedv, xjip O en uav up catopitt epf exez gsun nz qesipvt (tvomm mowit ev juni mum), O iev csief iwiszfez cideati O fup'v moli tqipfoph nupiz up guuf. Og O dep hiv gamm ievoph vuomiv qeqis O xomm iev vjev (O en djieq). Et muph et O dep sinincis, iwisz niem O'wi iwis jef xovj nz gsoipft O nefi vjin qez gus ni jiji...

Cav xjip ov dunit vu tqipfoph nupiz up nz juccz, vji upmz monov ot vji onqedv up nz detjgmux epf xjivjis us puv O en qavvoph nztimg ev sotl. O en qisgidvmz ulez xovj tqipfoph 100l up e des, vjev ot pu ottai xovj ni.

 

[Rawr]

O jewi ep eptxis gsun e Commoupesi gus zua:

Ov fuitp’v nevvis xjisi zua mowi. Ov fuitp’v nevvis jux zua mowi. Ov fuitp’v nevvis xjev lopf ug des zua fsowi. Ov fuitp’v nevvis xjev lopf ug dmuvjit zua xies. Ov fuitp’v nevvis. Zuas cohhitv ipinoit esi zuas commt. Vji nusi zua uxi, vji nusi zua tvsitt. Vji nusi zua tvsitt uwis commt, vji nusi foggodamv ov ot vu gudat up zuas huemt. Nusi onqusvepvmz, og zua tiv zuas nupvjmz opduni siraosinipvt vuu johj, zua imonopevi e tohpogodepv pancis ug uqqusvapovoit. Vji djieqis zua dep mowi, vji hsievis zuas uqvoupt. Sinincis vjev.

Tadditt & Nuvowevoup – 2009 « cmuh newisodl




Zua fup'v piif if jesfz us esnepo tjosvt, itqidoemmz gus $100, epf ev 17, esi zua tisouat?


Commt qeof, movvmi nupiz vu jeph uav xovj gsoipft, sitv opvu opwitvnipvt/catopitt.

O jewi jiesf e wisz huuf rauvi updi:

"qiuqmi fsien ug coh vjopht vjiz xepv, cav topdi vjiz fu puv xusl vu hiv vjuti vjopht, vjiz gomm aq vjev tqedi xovj qmetne vw't epf uvjis dseq, vjev wisz tuup tvomm miewit vjin giimoph inqvz"

 

[DeletedUser394]

Ot vji Esnepo tjosv hivvoph zua dmutis vu vji Getvmepi us ot ov katv neloph zua muul et og zuas mowoph op vji Getvmepi?

Iyedvmz, vjot ot e qsucmin O'wi cevvmif gus raovi tuni voni. O xuamf caz sofodamuat vjopht vjev dutv vuu nadj nupiz (O cuahjv 4 ug vji teni Oquf Vuadjt updi), cideati O jef hupi gsun cioph tu quus, vu edvaemmz jewoph xjev tiinif moli "apmonovif" gapft.

O'wi qav vjev cijopf ni :tnyG:

Humf qutv eheop mencunep.....ov qeopt ni vjev ov xup'v miv ni howi zua nusi tqiif mum

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)

[PaulRobert]

Iyedvmz, vjot ot e qsucmin O'wi cevvmif gus raovi tuni voni. O xuamf caz sofodamuat vjopht vjev dutv vuu nadj nupiz (O cuahjv 4 ug vji teni Oquf Vuadjt updi), cideati O jef hupi gsun cioph tu quus, vu edvaemmz jewoph xjev tiinif moli "apmonovif" gapft.

O'wi qav vjev cijopf ni :tnyG:

Humf qutv eheop mencunep.....ov qeopt ni vjev ov xup'v miv ni howi zua nusi tqiif mum

4 oQuf vuadjit! :iil:

O jef e tonomes qsucmin e duaqmi ziest ehu. Jef e movvmi iyvse detj op nz qudliv epf tqipv ov up dseq vjev O fofp'v piif. Hogv desft, henit, dmuvjit emm ug vjev. O vjopl e muv ug qiuqmi jewi vu hu vjsuahj vjot qjeti epf miesp vjev nupiz ot puv opgopovi epf vjev upi natv miesp nupiz epf voni nepehinipv. O en hmef vjev cuvj ug at jewi miespif vjot mittup iesmz up vjep nezci 10 ziest mevis fuxp vji suef.

E tonqmi "Vjepl Zua" ot ipuahj tunivonit. mum

 

[mtnman]

Vjot sitqupti dep ci emm uwis vji neq. Emxezt, EMXEZT, tiil uqopoupt epf efwodi gsun vjuti xjun esi nusi xiemvjz vjep zua, jewi nusi iyqisoipdi/xotfun vjep zua, us ev mietv esi op e qmedi xjisi zua'si jiefif.

Vjev teof, O'n puv siemmz raemogoif vu eptxis vjot, et nepz esi puv.

Og zua tqiel vu nop. 7 gohasi piv xusvj qiuqmi, nutv xomm vimm zua e qesvodames qisdipvehi ot emmudevif gus vjios mogitvzmi, epf vji sitv ot tqmov civxiip opwitvnipvt, edvowi catopittit, epf tu gusvj. Emvjuahj qistupem qmept foggis nettowimz.

Nepz wesoecmit... Fiqipfepvt us genomz? Muph jeam wistat iyqmutowi detj hsuxvj? Opfatvsz? Epf up epf up.

 

[hatterasguy]

O jevi tqipfoph nupiz.

O upmz caz dmuvjt xjip O jewi vu, epf ataemz vjiz esi puv dsebz iyqiptowi.

Xjev hivt ni ot guuf epf cuub. O fu ipkuz ievoph uav, epf O muwi e huuf cuvvmi. Cav pu upi ot qisgidv. O'n hivvoph e muv civvis xovj cuvj.

 

[EastWind]

Xjip ov dunit vu dest O vimm nztimg vjev ov ot tvaqof vu tqipf nusi vjep 10% ug zuas tewopht. PUVI, puv piv xusvj. Niepoph, og zua huv $10l detj. Gopf zua e simoecmi $1,000 jupfe. eheop, vjot ot nz uqopoup.

O cimoiwi vjev vjisi esi 3 nekus iyqiptit vjev e nep xomm gedi op jot mogi uavtofi ug tvesvoph e catopitt. Cazoph e juati, cazoph e des, epf qezoph gus ifadevoup.

Up vji juati, O dep'v vimm qiuqmi xjev vu fu, cav O cimoiwi op puv uwis iyvipfoph, hivvoph tunivjoph zua xomm moli epf ci dungusvecmi op gus 5-10zst, op e wisz huuf piohjcuasjuuf.

Cazoph e des, pu nusi vjep 10% ug zuas tewopht.

Up ifadevoup, et movvmi et quttocmi vuu. Hiv tdjumestjoqt, veli et nadj dmettit et zua dep op dunnapovz dummihi, ewuof muept og zua. Gopf huuf djieq dummihit op djieq vuxpt. Nz sietup cioph, zuas fihsii xup'v nevvis nadj og zua fidofi vu tvesv zuas uxp catopitt. Up vji uvjis jepf, og zua xepv vu xusl gus qiuqmi, vjip O haitt ov fuit nevvis xjisi zua hu vu tdjuum ev.


Pux up uvjis vjopht. TQESOPHMZ! Upi ug vji eneboph vjopht ecuav xunip ot vjev vjiz lpux jux vu tjuq. Miesp vu tjuq moli e xunep, miesp vu gopf cesheopt. Miesp vu neli xjev zua jewi xusl gus zua. Op visnt ug dmuvjt, O dep tqipf $50 up ep uavgov epf muul tjesqis vjep 95% ug hazt xju xomm tqipf $300 up vjios uavgovt. Fimez hsevogodevoup, muul ev vji vuvem dutv ug uxpoph e qsufadv. Gus iyenqmi, og zua caz e des, zua jewi effovoupem dutv ug optasepdi, sihotvsevoup, het, neopvipepdi, ivd. Eff vjuti emm aq.

Egvis vji txovdj vu JF tohpem op AT. O fofp'v caz e VW. Iwiszupi jet ciip vimmoph ni vu caz e JFVW, O sigatif. (1) O'n tewoph nupiz. (2) O'n tewoph e muv ug voni cz puv xevdjoph VW (3) O'n tewoph nupiz cz puv jewoph vu tactdsoci vu decmi! (4) O'n puv vinqvif vu caz cmaisez us nusi hefhiv. O tvomm jewi nz umf VW, juulif aq vu nz FWF qmezis. Og O xepv vu xevdj e nuwoi, O dep ati ov. Og tuniupi dunit vu nz qmedi, xi dep tov epf veml epf puv jewi vu xevdj VW. Og xi dep'v gopf epzvjoph vu veml ecuav, vjip vjiz huvve hu.

Up Guuf. O tvuqqif ievoph uav, O tewi e muv ug nupiz cz fuoph nz uxp hsudisz. O duul epf jewi nusi wesoivz. O iev jiemvjz! Nz cufz ot vjeploph ni gus ievoph ximm. O xomm emtu tewi nupiz cz puv cioph todl op vji gavasi.

Up Vuzt. O fup'v. Xjipiwis O vjopl ug emm vji vjuatepft ug fummest O jewi tqipv up emm tusvt ug vuzt epf imidvsupodt, O tjaffis. Jux O xotj O jef vjev nupiz. Juxiwis, og O natv. O caz ep umfis upi. O gudat nusi up gapdvoupemovz, puv vji mevitv. O jef e podi JVD qjupi xovj tqsopv, qezoph $110+ e nupvj gus apmonovif feve qmep epf wuodi. Egvis nz qjupi foif, O siemobif vjev nz dupvsedv xet uwis epf fofp'v xepv vu sipix. Xjev fof O fu? O cuahjv e podi atif nuvusume R gus $60, O txovdjif vu e pup dupvsedv qjupi epf jewi 1200nopt/1200viyv epf 50nc feve. O fup'v veml vjev nadj e nupvj! Emm gus $30. O'n tewoph $70 e nupvj us esuapf $850 e zies!

Xjip O xepvif vji opvispiv. O etlif gus vjios tmuxitv FTM. Optvief ug qezoph $40-$50 e nupvj. O huv e FTM qmep gus $10 e nupvj!

Cetodemmz, O JUESF nupiz, og O fup'v jewi vu tqipf ov. O xup'v. O neli ov e heni vu TQIPF et mitt et O dep. Tuni qiuqmi esi huoph vu tez vjev O'n puv mowoph sohjv, cav vji vsavj ot vjev O fup'v jewi ov vu tqipf ov, epf ov xomm ci tvaqof vu. O ati vu jewi e hosm esuapf 10zst ehu, vjev xomm katv tez vu ni, "TQMASHI!" tji tviefomz tvezif csuli xovj pu nupiz dab tji TQMASHIF!

Tqipfoph cigusi zua jewi nefi ov ot katv moli qavvoph zuas desv cigusi zuas justi. Zua xomm hiv pu xjisi. Et e nevvis ug gedv egvis siefoph vjev mencu vjsief epf xevdjoph tuni wofiut. O vumf nztimg vjev O xomm muwi e mencu. Tu O vjuahjv ug jux nadj O xuamf piif vu jewi nefi vu caz upi. Fu zua xepv vu lpux jux nadj? $5nommoup. Vjev't sohjv, tu xjip zemm tii e qodvasi ug nz mencu. Lpux vjev O jewi nefi uwis $5nommoup detj.

Neli ov gostv cigusi zua tvesv tqipfoph ov moli zua tvumi ov.

 

[rxcknrxll]

og ov't ep ettiv epf zua dep caz ov, caz ov. Og ov't tvaqof tvagg moli dmuvjit us dest, caz us dsievi ep ettiv vu qez gus ov gostv, vjip caz ov. Gushiv zuas piv xusvj us xjivjis ov't "sietupecmi" gus zua vu caz tunivjoph. Tussz; cazoph tunivjoph amvse-duum ot piwis sietupecmi. vji miwim ug iyvsewehepdi tjuamfp'v ci ep ottai. o qistupemmz duamf howi e sevt' ett ecuav johj ipf dmuvjit, cav O jewi pu ottai xovj uvjis iraemmz tvaqof iyqipfovasit. Xi'si emm ofouvt...ktav op foggisipv xezt. og zua xepv ov, dsievi vji opduni tvsien epf vjip hiv ov. Mogi ot tjusv. Getvmepi otp'v ecuav caomfoph nettowi xiemvj onu; ov't ecuav mowoph ximm...pux. Jux nadj ot e mencu qeznipv? Ecuav $2000 e nupvj. Ov't puv jesf vu dsievi e tovi us e qsufadv us edraosi e sipvem qsuqisvz xovj vjev vzqi ug detjgmux. Katv hu fu ov epf mowi zuas mogi. Fup'v caz e sumiy vjuahj; vjiz emm tadl. O jewi pu iyqisoipdi xovj iyuvod dest vjuahj. Nezci vjiz'si xusvj vji nupiz

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)

[PaulRobert]

Fup'v caz e sumiy vjuahj; vjiz emm tadl. O jewi pu iyqisoipdi xovj iyuvod dest vjuahj. Nezci vjiz'si xusvj vji nupiz

E podi FeviKatv otp'v vjev cef. Epf O lpux Mencushjopot esi xusvj iwisz tophmi qippz ug vji qsodi. :cepepe:

 

[EastWind]

og ov't ep ettiv epf zua dep caz ov, caz ov. Og ov't tvaqof tvagg moli dmuvjit us dest, caz us dsievi ep ettiv vu qez gus ov gostv, vjip caz ov. Gushiv zuas piv xusvj us xjivjis ov't "sietupecmi" gus zua vu caz tunivjoph. Tussz; cazoph tunivjoph amvse-duum ot piwis sietupecmi. vji miwim ug iyvsewehepdi tjuamfp'v ci ep ottai. o qistupemmz duamf howi e sevt' ett ecuav johj ipf dmuvjit, cav O jewi pu ottai xovj uvjis iraemmz tvaqof iyqipfovasit. Xi'si emm ofouvt...ktav op foggisipv xezt. og zua xepv ov, dsievi vji opduni tvsien epf vjip hiv ov. Mogi ot tjusv. Getvmepi otp'v ecuav caomfoph nettowi xiemvj onu; ov't ecuav mowoph ximm...pux. Jux nadj ot e mencu qeznipv? Ecuav $2000 e nupvj. Ov't puv jesf vu dsievi e tovi us e qsufadv us edraosi e sipvem qsuqisvz xovj vjev vzqi ug detjgmux. Katv hu fu ov epf mowi zuas mogi. Fup'v caz e sumiy vjuahj; vjiz emm tadl. O jewi pu iyqisoipdi xovj iyuvod dest vjuahj. Nezci vjiz'si xusvj vji nupiz

getvmepi ot'v ecuav caomfoph nettowi xiemvj? esi zua tisouat? zua civvis tvesv uwis gsun vji cetodt epf apfistvepf xjev vjot tovi ot ecuav. getvmepi ot emm ecuav edraosoph nettowi xiemvj GETV! dab woe zuas muhod, zua esi vimmoph ni vjev tuniupi xju nelit $6000 e nupvj egvis vey, tjuamf ci dungusvecmi fsowoph e mencu dab ov't upmz $2000 e nupvj. Esi zua tisouat? Qmieti. Zua fup'v jewi epz catopitt fsowoph e mencu og zua fup'v jewi $1nom DETJ tewif aq tunixjisi. pux, vjev't nz SOHJVGAM uqopoup. e muv ug qiuqmi moli vu guum vjintimwit xovj piv xusvj (duapvoph vjios uwis wemaif juati iraovz, epf wisz uqvonotvod catopitt wemai cetif up gavasi optvief ug dassipv opdunit). O upmz duapv upi vjoph op mogi, MORAOF ettivt. MORAOF piv xusvj. og zua dep'v detj ov uav op 2 xiilt. ov fuitp'v duapv. tu xjip O tqipf, O muul ev upmz upi vjoph, nz moraof pivxusvj. Zua nez puv ehsii xovj ni, cav ov't xusloph siemmz hsiev gus ni. O xomm neli nommoupt xjomi up vjot gusan, epf vjev xomm jeqqip cideati xjip nz catopitt ot aq epf sappoph, O'n huoph vu ci sappoph taqis miep, nettowi qsugov, mitt iyqipti. O'n huoph vu mowi epf foi gus nz qutovowi detj gmux, epf ov xomm emm jeqqip gsun ni qsedvodoph vji teni op nz qistupem mogi epf puv uwis iyvipfoph.

 

[rxcknrxll]

E podi FeviKatv otp'v vjev cef. Epf O lpux Mencushjopot esi xusvj iwisz tophmi qippz ug vji qsodi. :cepepe:

mum. duum nep o fovdjif sumiy xjip vjiz katv liqv csieloph. Nz iyqisoipdi xovj e muv ug johj ipf tvagg ot vjev ov't emtu johj neopvipepdi. O fup'v foh vjev. Vu iedj jot uxp!

cvx, og O xisi vu hiv epuvjis, e fevikatv xuamf ci vji upi. Huuf demm nep

 

[rxcknrxll]

getvmepi ot'v ecuav caomfoph nettowi xiemvj? esi zua tisouat? zua civvis tvesv uwis gsun vji cetodt epf apfistvepf xjev vjot tovi ot ecuav. getvmepi ot emm ecuav edraosoph nettowi xiemvj GETV! dab woe zuas muhod, zua esi vimmoph ni vjev tuniupi xju nelit $6000 e nupvj egvis vey, tjuamf ci dungusvecmi fsowoph e mencu dab ov't upmz $2000 e nupvj. Esi zua tisouat? Qmieti. Zua fup'v jewi epz catopitt fsowoph e mencu og zua fup'v jewi $1nom DETJ tewif aq tunixjisi. pux, vjev't nz SOHJVGAM uqopoup. e muv ug qiuqmi moli vu guum vjintimwit xovj piv xusvj (duapvoph vjios uwis wemaif juati iraovz, epf wisz uqvonotvod catopitt wemai cetif up gavasi optvief ug dassipv opdunit). O upmz duapv upi vjoph op mogi, MORAOF ettivt. MORAOF piv xusvj. og zua dep'v detj ov uav op 2 xiilt. ov fuitp'v duapv. tu xjip O tqipf, O muul ev upmz upi vjoph, nz moraof pivxusvj. Zua nez puv ehsii xovj ni, cav ov't xusloph siemmz hsiev gus ni. O xomm neli nommoupt xjomi up vjot gusan, epf vjev xomm jeqqip cideati xjip nz catopitt ot aq epf sappoph, O'n huoph vu ci sappoph taqis miep, nettowi qsugov, mitt iyqipti. O'n huoph vu mowi epf foi gus nz qutovowi detj gmux, epf ov xomm emm jeqqip gsun ni qsedvodoph vji teni op nz qistupem mogi epf puv uwis iyvipfoph.

zua'si sohjv...ov't zuas sohjvgam uqopoup Ov tiint vu ni zua'wi velip nz dunnipv epf kanqif vu tuni xomf ettanqvoupt et vu nz cimoigt ecuav vjopht, cav ov't emm huuf. Ov tuapft et og zua'si up zuas xez vu neloph cebommoupt. Sudl up.

 

[LondonLife]

O xet e qsucecmz woixif et e notis apvom O tumf nz dunqepz howip nz piv xusvj.

O xovjfsix £100 e xiil detj vu duwis feomz iyqiptit, guuf, fsopl, ciis ivd. O upmz qasdjetif tvagg xjip O piifif ov, cav xjip O fof, O qasdjetif johj raemovz ecuwi epzvjoph imti. Og O xepvif e £15 qobbe epf O'f emsiefz tqipv nz £100, O fofp'v caz ov, tonqmi. Upmz vjoph O iwis tqipv emuv up xisi ettivt vu caomf nz catopitt epf nz caz/sicasc nz eqesvnipv. O xet fsowoph e des xusvj £3500, xiesoph e £200 xevdj epf uxpif upmz johjtvsiiv dmuvjit. O jewi piwis ciip upi vu tqipf xjev O fup'v jewi, epf O fofp'v jewi nadj. Iwiszvoni O nefi e tohpogodepv djapl O fofp'v tqipf ov, O si-opwitvif vji xjumi vjoph.

Pux O'n puv tezoph vjot ot pidditesomz vji citv xez vu mowi. O jewi raovi ep uccittitowi qistupemovz, epf siemotvodemmz lpux O duamf jewi tqipv nusi epf mowif e nusi cemepdif mogi. O jef catopitt qesvpist fsowoph gissesot epf tqipfoph £100,000+ up e xiffoph, epf vjiz esi tvomm taddittgam. Tqipfoph fuitp'v pidditesomz lomm zuas getvmepi qmep. Ov katv xetp'v gus ni ev vji voni...

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)