Fiscal Responsibility

68TriShield · 11-26-2008, 06:14 AM

Me thinks Mark was looking in the mirror when he typed this

Seriously though,this is sage advice Mark.

Thanks for posting it

11-26-2008, 06:17 AM

Words of Wisedom that should be heeded!!!!!!

This should be a Sticky!!!!!!!!!!

Buena Fortuna · 11-26-2008, 06:27 AM

Absolutely! Cash is king, debt is death...

BroncoHorvath · 11-26-2008, 06:53 AM

Great post Mark. Hopefully some of the people in those situations will take your advice seriously. Bottom line, don't spend money you don't have.

TripleF · 11-26-2008, 07:04 AM

Great advise Mark!! Thanks. In 2 years of smoking cigars I have yet to charge any cigar, or cigar related purchase.

Unfortunately most who read this, will not reply because charging and paying the minimum monthly fee is the way of life in today's world.

RGD. · 11-26-2008, 07:17 AM

Yep - good post. Also reminded me that I had another responsibility in a group buy on another board that I was remiss in (apologies Mark - taken care of).

Personally though - cigars are one of those things that I don't use the credit card on - but I already have a budget in place (mostly -

)

Ron

11-26-2008, 07:22 AM

Don't be Slave to the Lender........Cash is King....

DBall · 11-26-2008, 07:27 AM

100% agree... I haven't charged any cigar purchases. Ever. If I don't have the money in my checking account and enough to cover what else needs to be taken care of, I'm not buying... plain and simple.

Well written post, Mark

11-26-2008, 08:31 AM

Quote:

Originally Posted by Ron1YY

Words of Wisedom that should be heeded!!!!!!

This should be a Sticky!!!!!!!!!!

Agreed....a sticky this must become. This is a hard lesson I've had to learn and over the past few months, sat down, faced the harsh realization that at the rate I was spending, more money was going out than was coming in. I, too, felt the need to "keep up with the Joneses," and this is not necessary with the fine folks on this forum. Let me say that again: IT IS NOT NECESSARY TO OVEREXTEND YOURSELF FINANCIALLY TO KEEP UP WITH EVERYONE ELSE'S CIGAR COLLECTION!!! We will all "ooooh! and ahhhh!" over it, but take it from someone who knows...you will hurt in the end. There are some great people on this board who could honestly care less whether or not you have 2,000 premium cigars or 2 bargain sticks in your humidor....they just appreciate your friendship. If this place ever had any sort of "elitist" feel to it, I'd certainly not be here. During this time of Thanksgiving, i'm thankful for a place to meet with like-minded individuals for a few moments of each day. I hope all of you have a very safe and happy holiday with your families, and as always....smoke 'em IF you've got em!

Jason

macpappy · 11-26-2008, 06:25 AM

Thanks Mark. I have been thinking along the same lines myself and while I don't have a cigar budget per se, I believe I have a reasonable approach that works for me. I'm self employed and have a set number of clients that I can count on for a solid base income every week. Usually once or twice a month I have small jobs come in that aren't on my weekly schedule. I take half of the income from the "non-scheduled" work and that's what the wife and I use for splurge spending - I use mine to buy cigars.

I have never been able to wrap my mind around the whole "invest in cigars" thing. In my mind, "invest" means you're going to see a profit from your expenditure. When I buy cigars I know I'm not going to re-sell them so there is no profit.

Now I do admit that I have a small stockpile for future enjoyment, but that's different.

11-26-2008, 06:14 AM	#1
68TriShield Got Torque? Join Date: Oct 2008 First Name: Dave Location: Maryland Posts: 7,195 Trading: (40)	Re: Fiscal Responsibility Me thinks Mark was looking in the mirror when he typed this Seriously though,this is sage advice Mark. Thanks for posting it

11-26-2008, 06:17 AM	#2
Ron1YY Guest Posts: n/a	Re: Fiscal Responsibility Words of Wisedom that should be heeded!!!!!! This should be a Sticky!!!!!!!!!!

11-26-2008, 06:27 AM	#3
Buena Fortuna Feeling at Home Join Date: Oct 2008 First Name: Sam Location: SE Michigan Posts: 637 Trading: (18)	Re: Fiscal Responsibility Absolutely! Cash is king, debt is death...

11-26-2008, 06:53 AM	#4
BroncoHorvath Life is Great ! Join Date: Oct 2008 First Name: Steve Location: on the water.... Posts: 412 Trading: (6)	Re: Fiscal Responsibility Great post Mark. Hopefully some of the people in those situations will take your advice seriously. Bottom line, don't spend money you don't have. __________________ There's nothing like a great cigar and being Canadian

11-26-2008, 07:04 AM	#5
TripleF 11/11/11 EPIC IV Join Date: Oct 2008 First Name: Scott Location: Clearwater, FL Posts: 5,626 Trading: (176)	Re: Fiscal Responsibility Great advise Mark!! Thanks. In 2 years of smoking cigars I have yet to charge any cigar, or cigar related purchase. Unfortunately most who read this, will not reply because charging and paying the minimum monthly fee is the way of life in today's world. __________________ Cool Cigar Shirts, Stickers & More

11-26-2008, 07:17 AM	#6
RGD. God Like Status Join Date: Oct 2008 First Name: Ron Location: Alexandria, Virginia Posts: 971 Trading: (1)	Re: Fiscal Responsibility Yep - good post. Also reminded me that I had another responsibility in a group buy on another board that I was remiss in (apologies Mark - taken care of). Personally though - cigars are one of those things that I don't use the credit card on - but I already have a budget in place (mostly - ) Ron

11-26-2008, 07:22 AM	#7
rck70 Guest Posts: n/a	Re: Fiscal Responsibility Don't be Slave to the Lender........Cash is King....

11-26-2008, 07:27 AM	#8
DBall Cigar Jesus Join Date: Oct 2008 First Name: Dan Location: Rochester, NY Posts: 3,783 Trading: (46)	Re: Fiscal Responsibility 100% agree... I haven't charged any cigar purchases. Ever. If I don't have the money in my checking account and enough to cover what else needs to be taken care of, I'm not buying... plain and simple. Well written post, Mark __________________ --------Dan--------- My Music \| My Videos

11-26-2008, 06:25 AM	#10
macpappy Rider on the storm. Join Date: Oct 2008 Location: Slidell, LA Posts: 851 Trading: (0)	Re: Fiscal Responsibility Thanks Mark. I have been thinking along the same lines myself and while I don't have a cigar budget per se, I believe I have a reasonable approach that works for me. I'm self employed and have a set number of clients that I can count on for a solid base income every week. Usually once or twice a month I have small jobs come in that aren't on my weekly schedule. I take half of the income from the "non-scheduled" work and that's what the wife and I use for splurge spending - I use mine to buy cigars. I have never been able to wrap my mind around the whole "invest in cigars" thing. In my mind, "invest" means you're going to see a profit from your expenditure. When I buy cigars I know I'm not going to re-sell them so there is no profit. Now I do admit that I have a small stockpile for future enjoyment, but that's different. __________________ WARNING: I am a Southern White Male. I have a brain and I know how to use it.