All Forum Posts by: Ami Sapir

@Jeremy M.

Thanks, it's nice to meet a fellow traveler. Is it wrong that i'm kinda happy to meet someone with more credit cards than me?

@Thomas S.

My commitment is to become debt free within 2 years and I am looking for ways to make that happen including cutting expenses.

I'm not sure that "living the high life" quite applies to my lifestyle but respect your right to an opinion. 

Once the debt is gone I will use all freed up funds to get on the right path to financial freedom.

How about you keep tracking my progress and then decide if I am serious or not.

@Frank Chin

Making $2000 will be a tough go so i guess cutting like you say is the only viable choice. 

It looks like somebody is interested in acquiring my car lease so it's a good start ($256 payment, $100 insurance $280 parking space $100 gas total $736) and can all be replaced by a $100 bus pass. 

That is $636 in real money that i can cut from my expenses.

I also didn't factor in my monthly bonuses into my income since they aren't automatic but they usually total about $750 a month extra (net).

I'm not that far off.

@Victor S.

The Charity is a commitment that i made to a family member and it's not something i want go back on.

The house warranty is something that i will reexamine.

Cell phone is $120 for 4 lines unlimited everything (Cricket)

ADT is worth researching further

Dining $140 is for my wife and I (the occasional unavoidable business lunch)and the whole family once in a while. I might be able to cut some out but would it result in a marked improvement at the expense of taking the girls out for ice cream or a pancake house once in a while is the question. This was our first cost cutting when i realized that we used to spend $1100+ a month.

@Ian Hoover

That is the method i am using to pay down the CCs. I know that i will never lease a car again and only buy use cash to buy used cars going forward.

Once i acheive finacial freedom and my assets can generate income to pay for some of the newer items that i want that's fine. 

Till then i will try to figure out ways to treat my W-2 income as soldiers that i don't want to sacrifice (spend).

It's going to take a little time to get to a frugal (Scott Trencher) lifestyle going but i am moving towards it.

@Michael Swan

I'm also looking forward to the podcast it sounds like we have like stories. You are really providing value to all of us with your story.

@Dave G.

My oldest daughter has a mother in Illinois leaving the state is not an option that i would consider. I do intend to focus mostly on Indiana and Michigan in a few years when i have money to invest in RE. 

Everyone,

Here is where this whole thing is going to get real and painful, but this is also where the real healing can begin. My monthly expenses:

Total expenses including debt repayment $7500

@Mark H.

@Rhiannon thank you for sharing your life story with me. First, I hope your health issues are better. You are an inspiration to me and I will carry your story in my heart. 

I realize that I come off sounding a little ridiculous when we have a great income and still struggle. 

I am committed to doing better for my family as you have obviously done for yours.