buying a condo... is it feasible?

[Admiral Beez]

Here's how i saved money: I lived in homeless shelters while making $800/week as a construction labourer. My total daily expenses: $1 (for breakfast) 6 months later, I was living with the parents--and saving at a slightly less advantageous rate Nonetheless, living on my own (rent approx $800/month) and carless, I still managed 70% saving rate. Then i take some of my savings and start to gamble online--sometimes win big sometimes a wash but the net result: financial freedom without a mortgage! (I'm a renter and love it that way! Buying a condo is just to responsible a thing to do and ultimately, kinda boring from my pov.)

But, good luck to you--although seriously, wait until you've saved at least $25000 before buying.

I love it, sounds like a good book theme.

 

[urbandreamer]

^I'm working on it. Shhh.

 

[buildup]

Quote:
"Here's how i saved money: I lived in homeless shelters while making $800/week as a construction labourer. My total daily expenses: $1 (for breakfast) 6 months later, I was living with the parents--and saving at a slightly less advantageous rate

That is a pretty amazing story, urbandreamer. I'm always amazed by people who can so tightly control their finances."

He's not controlling his finances so much as offloading them to taxpayers and parents...

 

[urbandreamer]

Hmm considering I save 75% of my after tax income, how much control do I really have? The thing I hate about daytrading: the tax bill. I've got to figure out how to avoid paying taxes or at least reduce my rate. It's insane