All Forum Posts by: Ami Sapir

@Charles A.

I am the epitome of everything that you included in your definition of "Income Trap" right down to the two kids. I have started reading or listening to one book on a Investment/Real estate/Debt every week (some weeks 2 books as i love to learn) and Capital is now on my list of books.

From now on I will add to my weekly updates books that i have read and who has suggested them. Thank you

@Jon Q.

Your words ring so true in my ear. Everything that you mapped out is the path that i am hoping to follow. Recently my eyes have been opened to the truth of your words. I will be reading the Millionaire Next Door as you suggest. Thank you.

@Derek Stewart

For sure.

@Adam Widdicombe

I have reached out to my leasing company (Toyota Financial Services) and they do allow lease transfers so I will try that route before i pay a buyout of the lease. Thanks, much appreciated. This community keeps pointing me in a good direction.

Everyone,

I haven't had a chance to go over all my numbers regarding expenses yet. I will be doing that over the weekend and posting everything.

I will be completely transparent about every dollar that i spend, my credit score (610), my exact debt and progress that i am making on paying down the debt in real time.  

I intend to post all the numbers weekly and follow any reasonable advice that people give me. I don't have the answers just a plan but as my father used to say "people make plans and God laughs" so the plan is open to change if there is a better way that anyone suggests.

I am done pretending that i have "made it" when the truth is that i am far away from "it"

The day will come that we will be debt free and cash flowing in a positive way and i will have all of you to thank.

@Paul B.

I feel like you get me (wife wise). When we decided to buy a house instead of spending $600k in an upscale Chicago neighborhood we chose to spend half in a middle class neighborhood. We love the house and intend to stay in it for the long term. 

@Mike Cumbie,

I agree and will follow your advice. Relationship building is something that i am good at and enjoy doing.

@Derek Stewart (not sure why this blue thing works for some but not others) Thanks for the quote it is pretty cool. Let's share our struggle and be there to support each other. 

@marcinkuczynski I will learn to get out of debt from resources like Dave Ramsey and learn about investments on BP so once i am out of debt i can start building my future. If i have patience with step one (credit elimination) i should be able to start studying and learning about step two (investment). If i am thinking about this incorrectly please adjust my thinking.

@Roshan K. All autopays have been cancelled and it's amazing how many of those we had that were sucking us dry.