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Time to go shopping...

Discussion in 'Members' Lounge' started by Airjockie, Feb 4, 2007.

  1. Airjockie

    Airjockie Watanabe Whore!!!

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    What to get....

    I'll have a decent tax return...and some vacation pay and other shit...I'll have a decent lump of money, Me and the wife wants to have some time in Japan this year, but we have to wait till she finishes her classes, so that will be around May... But she also wants me to get a newer car to have her pimp around with...and I wouldn't mind something reliable as well...so I'm looking for a Subaru...she wants an outback, I'm happy if I can find something that is BG5-ish... and well, I also want to get the pilots license, maybe get a plane.... a new TV would be nice, and some home improvements of course.... too many things to think about, or too consider...and not enough money to actually buy everything.

    But the wife said that she could pop $200 a month my way for a car payment....so that would mean that we could get something in this century...:D My company will only shell out half of my flight hours for a private lic, so I'll prolly end up with a few grand to finish it....but they pay for the ground school and books. Then I'll only be able to fly a single engine plane...unless I dump more money and get type rated for twins,, and IFR...and other shit...then I can look for a plane to drop a second mortgage on. And I guess that means I might just give up on cars... I haven't really done anything this year or last year...and they are just rusting away, and the parts are collecting dust.... I'll prolly dump a little, and get one car decked out for an all around drift, autocross, and show car...and sell off the others...and sell off a lot of parts. That might make me back some money. And that could go for the house.

    If the interest rates drop again, then I might refinance with a home equity loan in the $60Ks area...and use that for a down payment on a decent, safe plane... and now that the wife has MS, were stuck in northern area's forever...so moving to a warmer climate area is now out of the question..so I might as well stay at my current job and just rake the good money in. So I'll have plenty of time to just build the house up slowly, and make it perfect for just me and the wife.

    Now what to do....

    A. Dump all the money into a new Subaru, and end up with payments for a few years. No trip to Japan. 2005-7 legacy GT or outback...

    B. Dump all the money into an older Subaru, and be stuck with no payments...and no trip to Japan.

    C. Dump all the money into the projects I have now...and sell them. Possible trip to Japan...also possible new Subaru.

    D. Dump half into Japan trip, half into sweet TV.

    E. Dump half into Japan trip, half for home improvements..

    F. Dump all of it into pilots licenses...

    G. spread it around on everything...and live humble for another year.

    H. Drop it in the markets...and see what it becomes.

    I. Pursue the BG5...pimp it out to the hilt...prolly have it built by someone.

    J. Dump it in the house...and get a few years dropped off my mortgage.


    Right now I owe $135K's at 5.625% for 14 years on the house...and I have student loans thats at $27Ks...for another 12 years. And I make now an average of $90-110Ks a year... In other words, I pay $1600 a month for the mortgage, and that includes house insurance and taxes, I drop $70 a week into the student loans, $230 a week into the 401K, and the bills are 180 for car insurance... 60-200 for gas for heat, 200ish a month for electricity, 200 a month for phone, cable, internet, and cell phones. And I have the car gas that runs me about $30 every 4 days. So if I stop the cars, pick up planes, the same money will be used. And I do my own work since I'm an A&P mech...and all I'll have to do is rent a place to park the plane and come up with gas for it. I can now afford something, but what should I shoot for? I hate thinking for myself.

    And also me having a plane, I could fly some of the local guys to pick up or look at a cars, snag parts, or short trips for the price of airplane gas and landing fee's. :p
     
  2. TurboMirage

    TurboMirage YEEAAAHHH VIP

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    finish one project completely that you are going to sell, then use the rest for either your trip or start with your licensing.
     
  3. Airjockie

    Airjockie Watanabe Whore!!!

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    I can see myself in this.... :p

    [​IMG]


    the more I look at it...the more I want my cars gone... :(
     
  4. Airjockie

    Airjockie Watanabe Whore!!!

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    [​IMG]


    Red PBY FTW!!!!11!1!1!11 :D
     
  5. Airjockie

    Airjockie Watanabe Whore!!!

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    I want a damn plane..... :(
     
  6. Airjockie

    Airjockie Watanabe Whore!!!

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  7. phunky.buddha

    phunky.buddha Admin with a big stick Admin VIP

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  8. ScrapinSi

    ScrapinSi Senior Member

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    Do something towards the house, and maybe the pilots licensce... How about sell all the cars/parts and use all that money to buy something newer?
     
  9. BigJ

    BigJ I'm just about that action Boss. VIP

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    Not bad. My old boss had a few planes. Like 4 or something. Had a beaver, fully restored, the works, only one I knew too much about. My uncle also had a plane before he died. A 10 person, dual engine plane. Pretty sweet I guess. Flying is amazing. I remember going flying all the time as a young'n.



    But Maybe a trip to Japan then go from there and see what you have left.


    And btw. If you make an extra payment every year you drop 7 years off your mortgage......
     
  10. Airjockie

    Airjockie Watanabe Whore!!!

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    I pay a little extra every month, enough to make a full payment in a year, or close to it...and I re-fied last year and got a fixed 15 year mortgage...so I'm working hard to get the place paid off...
     
  11. Bob Vila

    Bob Vila ɐןıʌ qoq Admin VIP

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    Who did you refi through?
     
  12. Airjockie

    Airjockie Watanabe Whore!!!

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    countrywide...they assed rapped me...I was at 132K's, when all was said and done, I bumped up to 142Ks...now I'm back down to 135ish... but the interest rate at 5.625 and locked at 15 years was kinda worth it.
     
  13. Airjockie

    Airjockie Watanabe Whore!!!

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    an extra payment a year would only knock off 2 years off the loan, $300 extra a month would knock it down to 4 years early, and $500 a month would knock the loan down to 9 years early...basically a 6 year loan...mortgages are funny...
     
  14. Airjockie

    Airjockie Watanabe Whore!!!

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    But considering where I live, how old I am, all the crap I have, the job I got, and the money I'm actually in debt with...I'm doing pretty good for myself...considering the wife doesn't work. If she made $1000 a month, and dropped $500 into the house...it would be paid off in no time.
     
  15. Airjockie

    Airjockie Watanabe Whore!!!

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    And the reason for the PBY, is that every month, 8-12 of us chip in the money for the gas, we load it up with camping stuff, drinks, BBQ food, diving equipment...and fly down to the islands, land on the ocean, find a remote island and camp the weekend...then fly back Sunday night.... or any other place where there is a nice body of water and something to do. Other planes, mostly only sit 4 people with the pilot, cargo is limited to a few hundred pounds, and well....nothing would be pimping enough to see an old relic land...and the party flows out of it.
     
  16. reckedracing

    reckedracing TTIWWOP VIP

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  17. get_nick

    get_nick These snozzberries taste like snozzberries... VIP

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    clear out all the half finished projects. sell them. get one good project that you will be motivated to finish. put some into the house and put the rest into a trip to japan.
     
  18. Airjockie

    Airjockie Watanabe Whore!!!

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    Don't tell me about it....I helped build up Harrods or whatever his name is.. Heli...the Victoria Secrets S-92 helicopter...:ph34r:

    [​IMG]
     
  19. Celerity

    Celerity Well-Known Member

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    Live on the fucking plane.
     
  20. Airjockie

    Airjockie Watanabe Whore!!!

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    IF the wife dies or divorces me...I might...:D

    But then I would have to get an old Caribou, DHC-4. But it's not a sea plane...but it is another favorite of mine...:D
     
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