Just completed the ultimate zl1 mod - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

tartagliazl1 · 11-26-2023, 06:29 AM

Just paid this baby off 2 years sooner than the loan term. she's all mine now.
Paid off my work promaster 2500 off a few years ago also. No car payments for me for a while. I should now focus on that retirement account.

Kevin C-ZL1 · 11-26-2023, 07:15 AM

Good for you!! I'm sure it's a great feeling to be out from under those loans.
You're right to focus now on your retirement account (Roth) and try to put some extra money against your home mortgage principal regularly. Some sacrifices now will make a big difference in the long run.

Steakmaker1 · 11-26-2023, 07:31 AM

Now you'll have the extra FOR gas & more rear tires...Enjoy!!

tartagliazl1 · 11-26-2023, 07:37 AM

Quote:

Originally Posted by Kevin C-ZL1

Good for you!! I'm sure it's a great feeling to be out from under those loans.
You're right to focus now on your retirement account (Roth) and try to put some extra money against your home mortgage principal regularly. Some sacrifices now will make a big difference in the long run.

You are right. I'm 44 years old and had a late start on my Roth account. I work for myself and never had a 401 till late in 30s. i have 15 years left on the mortgage time to double up some payments on that.

tartagliazl1 · 11-26-2023, 07:39 AM

Quote:

Originally Posted by Steakmaker1

Now you'll have the extra FOR gas & more rear tires...Enjoy!!

especially since I'm switching to e85 this spring. These nitto r2 are expensive.

FasNuf · 11-26-2023, 08:01 AM

That's awesome!
I bet that's a great feeling to be debt free.
Congratulations

Infidel67 · 11-26-2023, 08:05 AM

Quote:

Originally Posted by tartagliazl1

Just paid this baby off 2 years sooner than the loan term. she's all mine now.
Paid off my work promaster 2500 off a few years ago also. No car payments for me for a while. I should now focus on that retirement account.

Well done Bro

tartagliazl1 · 11-26-2023, 08:27 AM

Quote:

Originally Posted by FasNuf

That's awesome!
I bet that's a great feeling to be debt free.
Congratulations

maybe i can afford a garage setup like you now.

FasNuf · 11-26-2023, 09:07 AM

Quote:

Originally Posted by tartagliazl1

maybe i can afford a garage setup like you now.

Yea right, LOL Did you see Ashen's garage? 2 post lift and a mini split.
I'm jealous.

tartagliazl1 · 11-26-2023, 09:25 AM

Yeah for sure ashen has a great setup. My 2 car garage only has room for the zl1 and all my daughters stuff.

AlisoBob · 11-26-2023, 09:26 AM

You build some wealth by starting here:

https://www.ramseysolutions.com/dave...e-7-baby-steps

bsn · 11-26-2023, 09:45 AM

Depending on the interest rate of your mortgage you may be better off putting the extra cash you were going to pay into investments/retirement accounts. You really need to talk to a financial advisor now so when you do retire can rest easy. When you are elderly having property in your name can be a curse, if you need long term care that's the first thing they will take. If you trust your kids look at a living trust or transferring it to them with lifetime right to occupy.

tartagliazl1 · 11-26-2023, 10:26 AM

I plan on contributing more to my Roth account now. But im also a old school person, i like to keep cash stashes. Never lose with the fluctuations of the market. I know thats not right, but feels right to me.

AlisoBob · 11-26-2023, 11:27 AM

Quote:

Originally Posted by tartagliazl1

I like to keep cash stashes. Never lose with the fluctuations of the market. I know that's not right, but feels right to me.

By avoiding the downside, you will miss all the upside.

11-26-2023, 06:29 AM	#1
tartagliazl1 Drives: 2013 zl1 vert Join Date: Dec 2018 Location: Rochester, New york Posts: 956	Just completed the ultimate zl1 mod Just paid this baby off 2 years sooner than the loan term. she's all mine now. Paid off my work promaster 2500 off a few years ago also. No car payments for me for a while. I should now focus on that retirement account. __________________ 22% lower/ 2.5 upper/ 2” headers/ cat delete/ x-pipe/ 2 gallon x tank/ 100-3 pump/ fic 850/ dsx aux kit/ 103mm throttle body/ RPM 5” intake/ meth kit/ prometh lid injection/FI interchiller/ 160* stat/ ngk-7/ msd wires/ elite catch can/ tsp cam/ Che trunnions/ ported supercharger/ 1/2” lid spacer/ brick mod/BMR toe and trailing arms/ 751hp 757 tq SAE @17.3lb on a loaded dyno.

11-26-2023, 07:15 AM	#2
Kevin C-ZL1 Drives: 2015 ZL1, 2015 Z28 Join Date: Dec 2018 Location: Southern NH Posts: 297	Congratulations! Good for you!! I'm sure it's a great feeling to be out from under those loans. You're right to focus now on your retirement account (Roth) and try to put some extra money against your home mortgage principal regularly. Some sacrifices now will make a big difference in the long run.

11-26-2023, 07:31 AM	#3
Steakmaker1 Drives: Chevy Camaro SS 2010 Join Date: Aug 2022 Location: Cicero,NY Posts: 7	Congrats on the PayOff Now you'll have the extra FOR gas & more rear tires...Enjoy!!

11-26-2023, 08:01 AM	#6
FasNuf Drives: 2014 Camaro ZL1 Join Date: Jul 2019 Location: Oregon Posts: 1,618 View My Garage	That's awesome! I bet that's a great feeling to be debt free. Congratulations __________________ . . . . https://www.youtube.com/channel/UCgN...etl17hA/videos

11-26-2023, 09:25 AM	#10
tartagliazl1 Drives: 2013 zl1 vert Join Date: Dec 2018 Location: Rochester, New york Posts: 956	Yeah for sure ashen has a great setup. My 2 car garage only has room for the zl1 and all my daughters stuff. __________________ 22% lower/ 2.5 upper/ 2” headers/ cat delete/ x-pipe/ 2 gallon x tank/ 100-3 pump/ fic 850/ dsx aux kit/ 103mm throttle body/ RPM 5” intake/ meth kit/ prometh lid injection/FI interchiller/ 160* stat/ ngk-7/ msd wires/ elite catch can/ tsp cam/ Che trunnions/ ported supercharger/ 1/2” lid spacer/ brick mod/BMR toe and trailing arms/ 751hp 757 tq SAE @17.3lb on a loaded dyno.

11-26-2023, 09:26 AM	#11
AlisoBob Drives: Camaro 2SS Gen 5 Join Date: Oct 2023 Location: Orange County Ca Posts: 121	You build some wealth by starting here: https://www.ramseysolutions.com/dave...e-7-baby-steps

11-26-2023, 09:45 AM	#12
bsn Drives: 2013 ZL1 Join Date: Sep 2021 Location: Virginia Posts: 301	Depending on the interest rate of your mortgage you may be better off putting the extra cash you were going to pay into investments/retirement accounts. You really need to talk to a financial advisor now so when you do retire can rest easy. When you are elderly having property in your name can be a curse, if you need long term care that's the first thing they will take. If you trust your kids look at a living trust or transferring it to them with lifetime right to occupy.

11-26-2023, 10:26 AM	#13
tartagliazl1 Drives: 2013 zl1 vert Join Date: Dec 2018 Location: Rochester, New york Posts: 956	I plan on contributing more to my Roth account now. But im also a old school person, i like to keep cash stashes. Never lose with the fluctuations of the market. I know thats not right, but feels right to me. __________________ 22% lower/ 2.5 upper/ 2” headers/ cat delete/ x-pipe/ 2 gallon x tank/ 100-3 pump/ fic 850/ dsx aux kit/ 103mm throttle body/ RPM 5” intake/ meth kit/ prometh lid injection/FI interchiller/ 160* stat/ ngk-7/ msd wires/ elite catch can/ tsp cam/ Che trunnions/ ported supercharger/ 1/2” lid spacer/ brick mod/BMR toe and trailing arms/ 751hp 757 tq SAE @17.3lb on a loaded dyno.