Suppose you had no bills. What would you do differently? (1 Viewer)

[Thorn]

So a magic wand has been waved. All of your debt is paid off, mortgages, car loans, student loans, credit cards, everything. Even better, all of your existing monthly bills are paid for the rest of your life. Your take home pay is exactly that: yours.

What lifestyle changes would you make?

 

[bosoxs45]

I would't go vegan for sure.

 

[Arizona Ron]

I'd make more bills.

 

[Evilgrin 72]

I'd travel a HELL of a lot more and I'd probably only cook a meal once or twice a month, everything else would be eating out. Other than that, not much.

 

[Brony]

Name brand sandwich bags from now on!

 

[Thorn]

I'd make more bills.

Not sure how to read this

1) more debts that you have to pay monthly

2) more currency

3) more dudes named William

 

[culdeus]

If all future bills are paid off shouldnt I just go and flip expensive cars?

 

[Doctor Detroit]

Two chicks at the same time

 

[Thorn]

If all future bills are paid off shouldnt I just go and flip expensive cars?

The current level of bills will be paid perpetually. If you add to them, you must pay them.

 

[Ministry of Pain]

Something close is going to happen very soon, fingers crossed.

We plan on hiring some help so we have more free time to either make more or enjoy what we have already. So a weekly housekeeper and perhaps a private health chef to make a few of the meals during the week so we don't have to.

Simple things to help free up valuable time.

And from a philanthropy standpoint I plan on building my own charter school

The MOP School for Higher Learning and the Arts, something like that.

 

[Bull Dozier]

Work less.

 

[TheAristocrat]

That is basically my life right now.

 

[comfortably numb]

your mom

 

[Random]

Retire.

 

[Brony]

We live within our means now, so this is pretty close to our situation. I'm from a big family, so frugalness/being cheap is ingrained in me. The only noticeable change I've done recently is to not sweat anything less than $10. Oddly, I used to contemplate getting the medium vs the large just to save $0.80 at the fast food restaurant. Same thing with grocery or liquor store, outside of some wines, we're saving tons by eating at home vs. out, so don't even blink at the price of any beer at the liquor store.

 

[whoknew]

I'd buy an Aston Martin.

 

[Cjw_55106]

Max out my 401K contribution.

 

[Bucky86]

Buy a squatty potty

 

[IvanKaramazov]

I guess I'd have to start rooting for the Vikings for my weekly gut-punch.

 

[FUBAR]

So a magic wand has been waved. All of your debt is paid off, mortgages, car loans, student loans, credit cards, everything. Even better, all of your existing monthly bills are paid for the rest of your life. Your take home pay is exactly that: yours.

What lifestyle changes would you make?

well, for one thing, I'd stop paying bills.

We have no debt, so the first part is already done.

 

[Rirruto]

I would get the premium cable package.

 

[AAABatteries]

So I still need money for emergencies, repair/replacements and luxuries?

If so, I'm not sure I change much of anything - probably wouldn't spend too much more but rather save and donate more.

Another question - if I currently have paid of vehicles can I get a new car and have that car payment paid for? If so, that's definitely the first thing I would do is get a new car for me and one for my wife.

 

[Arizona Ron]

I'd make more bills.

Not sure how to read this

1) more debts that you have to pay monthly

2) more currency

3) more dudes named William

It means I would end up buying another car and/or another condo that would create new bills (assuming future bills aren't paid also).

 

[GROOT]

I have no bills. I'm doing what i did with bills.

 

[Thorn]

So I still need money for emergencies, repair/replacements and luxuries?

If so, I'm not sure I change much of anything - probably wouldn't spend too much more but rather save and donate more.

Another question - if I currently have paid of vehicles can I get a new car and have that car payment paid for? If so, that's definitely the first thing I would do is get a new car for me and one for my wife.

Future bills that you choose to increase are not paid. If you increase your monthly nut, you have to cover it. Whatever you are currently paying willl be forever paid.

 

[Tiger Fan]

So I still need money for emergencies, repair/replacements and luxuries?

If so, I'm not sure I change much of anything - probably wouldn't spend too much more but rather save and donate more.

Another question - if I currently have paid of vehicles can I get a new car and have that car payment paid for? If so, that's definitely the first thing I would do is get a new car for me and one for my wife.

Future bills that you choose to increase are not paid. If you increase your monthly nut, you have to cover it. Whatever you are currently paying willl be forever paid.

I would definitely do this

 

[urbanhack]

save it all

 

[Grace Under Pressure]

Same lifestyle, no new bills needed. Spend the time with my daughter. Take her out of the After Care she is subjected to so her mother and I can provide for her properly.

 

[FUBAR]

So I still need money for emergencies, repair/replacements and luxuries?

If so, I'm not sure I change much of anything - probably wouldn't spend too much more but rather save and donate more.

Another question - if I currently have paid of vehicles can I get a new car and have that car payment paid for? If so, that's definitely the first thing I would do is get a new car for me and one for my wife.

Future bills that you choose to increase are not paid. If you increase your monthly nut, you have to cover it. Whatever you are currently paying willl be forever paid.

I would definitely do this

covering it seems a good idea too.

 

[Ministry of Pain]

save it all

I would like to know what investing a couple thousand a month would do over 10 years. Could I retire in my early 50s and live off some of that until 59 1/2 rolls around? I'm all for getting it done early and living below means to stretch the savings thru retirement. Having to work 1 day longer than absolutely necessary for the man is 1 day too long.

 

[urbanhack]

save it all

I would like to know what investing a couple thousand a month would do over 10 years. Could I retire in my early 50s and live off some of that until 59 1/2 rolls around? I'm all for getting it done early and living below means to stretch the savings thru retirement. Having to work 1 day longer than absolutely necessary for the man is 1 day too long.

I'm already behind on retirement savings in my late 40s, so nothing else is an option.

 

[SacramentoBob]

I'd stop logging into my bank's bill pay portal.

 

[SacramentoBob]

So I still need money for emergencies, repair/replacements and luxuries?

If so, I'm not sure I change much of anything - probably wouldn't spend too much more but rather save and donate more.

Another question - if I currently have paid of vehicles can I get a new car and have that car payment paid for? If so, that's definitely the first thing I would do is get a new car for me and one for my wife.

Future bills that you choose to increase are not paid. If you increase your monthly nut, you have to cover it. Whatever you are currently paying willl be forever paid.

I would rack up a bunch of expensive bills before the wand is waved.

 

[tonydead]

No debt and monthly bills are already as low as I can possibly make them so it's not enough of a difference in take home to make it life changing. I'd just put it towards retirement so I could retire a little bit earlier.

 

[Leroy Hoard]

Name brand sandwich bags from now on!

And I would display them prominently so as to impress the women I take home.

 

[Mors Venit]

2 chicks at the same time

 

[Gianni Verscotchie]

Hookers. Many, many hookers!

 

[Mors Venit]

Hookers. Many, many hookers!

Rotation or a new one each night?

 

[chauncey]

Something close is going to happen very soon, fingers crossed.

We plan on hiring some help so we have more free time to either make more or enjoy what we have already. So a weekly housekeeper and perhaps a private health chef to make a few of the meals during the week so we don't have to.

Simple things to help free up valuable time.

And from a philanthropy standpoint I plan on building my own charter school

The MOP School for Higher Learning and the Arts, something like that.

Made me think of this.

 

[Dentist]

My retirement age just got moved up 10 years... from 55 to 45... so I just have to coast out about 7 more years now... that's great news!

 

[Tiger Fan]

spend more money on things that save me more time.

 

[Spin]

You guys that are saying you already have no debt, are you including your house as well?

If all things go according to plan, my wife and I will be debt free in Mar 2023.

We're currently 253k in debt from my student loans, house (just built in September, 2014) and our van.

So ask me again in 7 years and I'll tell ya.

 

[Grace Under Pressure]

You guys that are saying you already have no debt, are you including your house as well?

If all things go according to plan, my wife and I will be debt free in Mar 2023.

We're currently 253k in debt from my student loans, house (just built in September, 2014) and our van.

So ask me again in 7 years and I'll tell ya.

Good stuff man, 7 years will make a big dent on that, just stay the course. Saying this before the "why so much debt" questions start. Enjoy.

 

[GregR]

Disband the AFC East, moving the Dolphins and Jets to the AFC South, the Patriots to the AFC North and the Texans to the AFC West. Would make sense to put Baltimore in the South instead of the Jets, but not sure I want to break up the North at all.

Getting rid of the Bills would suck for scheduling, too.

 

[flysack]

Travel. I'd blow almost all my money on seeing the world with my wife and son.

 

[Jaysus]

drink better whiskey

 

[Kanil]

I'd immediately go get my teaching certification and become a teacher. No more of this corporate BS!

 

[Spin]

You guys that are saying you already have no debt, are you including your house as well?

If all things go according to plan, my wife and I will be debt free in Mar 2023.

We're currently 253k in debt from my student loans, house (just built in September, 2014) and our van.

So ask me again in 7 years and I'll tell ya.

Good stuff man, 7 years will make a big dent on that, just stay the course. Saying this before the "why so much debt" questions start. Enjoy.

Meh, I have 41,000 in student loans, 20,000 on my wife's student loans, 184,000 on our house and 8,000 on our van. My parents didn't save anything for college, so loans were my only option. Sure I'd like to go back and figure out a way to save more while in high school and not spend near as much on alcohol while IN school, but what can I do now.

 

[NutterButter]

so you're saying i could just retire now with the expenses i have now paid for as well as having my existing retirement account balance as additional disposable income. cool. sign me up.

 

[Kanil]

You guys that are saying you already have no debt, are you including your house as well?

If all things go according to plan, my wife and I will be debt free in Mar 2023.

We're currently 253k in debt from my student loans, house (just built in September, 2014) and our van.

So ask me again in 7 years and I'll tell ya.

Good stuff man, 7 years will make a big dent on that, just stay the course. Saying this before the "why so much debt" questions start. Enjoy.

Meh, I have 41,000 in student loans, 20,000 on my wife's student loans, 184,000 on our house and 8,000 on our van. My parents didn't save anything for college, so loans were my only option. Sure I'd like to go back and figure out a way to save more while in high school and not spend near as much on alcohol while IN school, but what can I do now.

Down to the final 7k in my student loans. Wife's family paid for her school so none there. I'm really looking forward to the day when I have that extra $$$ available.