Quote:
Originally Posted by BIC_BAWS
Once you get that debt (mortgage) it's over. Everything goes into it. I'm glad I did car stuff first and still try to make car stuff work even with a mortgage. I was supposed to do 0 track days this year, yet I'm about to do my 3rd in August. I do however buy a lot of used tires and brake pads/rotors. Mostly because there's still a lot of usable life in them that most people don't expect.
It's depressing tho - having a mortgage. I just renewed. Went from a 25 year term less 3, back to a 30 year term. The fact that I'm gonna be paying this house off until I'm roughly 56 is depressing as hell. I'm 26 next month and I now know first hand what it's like to be house poor because I have zero savings. Some people spend what little savings they have on dating or vacations, the car / track life is the one thing that helps me keep going.
Of course the smart thing to do would be to sell my car and buy a shitbox. But the shitboxes cost 70% as much and quality of life is so much worse. The smart thing to do, like you say, is to save in my 20s. Props to the people doing or had done the financially responsible things cause it's hard to always choose responsibility over happiness.
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That already seems incredibly rare to be in your mid 20's with a house, and also didn't sacrifice and got to have fun with car stuff. I think you did really well. If you already have property and still able to have extra for fun, I think that's doing it right.
A lot of people out there are much older, with zero savings, an no property. Feel very hopeless of ever being owners and what little they do save up goes into fun, because like you said, it's hard to choose responsibility over happiness.