Apr 172014
 
The unseen costs of your 9-5 job

The unseen costs of your 9-5 job

Sure, owning a car is expensive and if you want it to last it needs maintenance. But there are more cost effective ways of doing it than relying on the official agents. I think that will be the last visit to the dealer for routine maintenance. In future it will be either my own labour or that of a trusted independent workshop.Isuzu 195000km

One of the keys to validating the ER-Plan is a proper understanding of which expenses are a necessity for your chosen lifestyle and which are really just there because of the way life is at present.

That brings me to a niggling thought that  just won’t leave me lately. The Isuzu, while filling a future ER dream of 4×4 touring off the beaten path, is currently not put to that use and is expensive overkill for the present home-to-office commute. Expensive to maintain, expensive to fuel up. In a sense this is tantamount to ‘pre-purchasing the RV or the golf club membership’ prior to retirement. Maybe not the way to go, especially with a machine that has a very good chance of wearing out / failing before there’s ever the time to realise that travel goal ? Yet, now that it’s done, does it make sense to sell it and get something else? I’m not so sure.

Gut-feel tells me it’s always cheaper to keep and maintain the vehicle you currently own rather than giving in to the temptation to get something different. Besides, I still hold to the belief that an old 70’s gas guzzler is greener than a new hybrid because the hole for the former has already bee dug in the earth. I’ll need to follow this up with a detailed xls calc [such an engineer I’m told], but I think I know what the outcome will be. Deep down it’s just this irrational emotional urge to buy a ‘new’ car and it’s the tricky bits looking for rationalisations to justify this.

Our present life and future vision is what it is, what we’ve chosen it to be. Take the yacht as a similar example, or even Glencairn. It’s also ‘pre-paying the future’ dream. Is it the wisest strategy? In terms of some of the ER-thought out there it’s ridiculous. Rather used the value in the boat to bring your ER-date closer. On the other hand, I am me if I’m making any sense here. I’m human and just like all humans everywhere, I have irrational personal quirks when viewed against the popular ‘science’ of ER’ing.

The yacht is a big part of me, my lifestyle, the way I want to live. For me, what purpose is served to spend the next 5 years without Ocean Blue in my life? It’s not a sacrifice I choose to make and I believe that where I am now is the best balance for me between my interests and my need to pump the stash to step off. When I do step off then I want no debt on Glencairn and so we’re compelled to get it behind us now, using the space in the current mortgage facility to access ‘cheap’ money.

Easily rationalised for the sweet little boat and the dream pad by the sea but requiring a bit more mental gymnastics to apply to the Isuzu me’thinks.

Anyhow, in terms of road transport, my current philosophy is “if it aint broke then don’t fix it”. While it’s reliable and not emotionally draining I’ll stick with and be happy with what I have – ‘Suzi and ZR7 – here’s to many more miles together.

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