LIVING OFF DIVIDENDS & PASSIVE INCOME

About a week ago I picked up a 2005 Acura TSX. According to KBB.com, the private party value for it would have been about $24,500. The seller was leaving the country and wanted $23,500. I was able to use my awesome negotiating skills to lower the price to $21,250.

Its a pretty sweet ride. Even though its a 4 cylinder it has 200 HP and although the torque is a bit low in the low gears, it drives better than my 1999 V6 Honda Accord Coupe. The turning radius is also very tight and it corners extremely well, especially at high speed. The only problem is that it uses premium fuel. I tried mixing in regular on a half tank (reasoning that the blend of 87 and 91 would work out to mid-grade) and didn’t notice a major difference in performance. The mileage didn’t go down either.

Buying a 2 year old used car is always better than driving a new car. The first owner always has the worst depreciation in the first 2 years. If you can get a low mileage car in good condition, its almost as good as a new car anyway. You pay a lot less for it and if you keep it for 6 years before you sell, you shouldn’t experience major repair costs either.

My ‘99 Accord (which I must confess I bought new) should last me another 2-3 years easily. I has about 100,000 miles on it and I haven’t had any major repairs. Just tires, brakes and regular maintenance.

• Gold Hits $750/Oz Today gold hit $750, the highest its been in 28 years. It looks like we might break the previous intra-day high of $850 within the next few months. There was a slew of bad news today related to the housing industry and inflation worries and both oil and gold reacted by going up. I bought......
• Gold Play: Great Time To Invest As I've mentioned before I think the US is going to enter a period of inflation and recession brought on by the trade & budget deficit and precipitated by the devaluing dollar. Both Oil and Gold have been in a slow and quiet bull market for the past few years.......
• The Deflation Scam The media has been going on and on about deflation. Long-term bond prices have also been trending up and long term yields have been dropping, which means that the market thinks there will be long-term deflation. Even the Consumer Price Index numbers that came out claim that inflation is under......

• Lake Oroville Lake Oroville is located in: Oroville, CA   Phone: (530) 538-2200   About the Lake: Lake Oroville is one of the best places to find salmon in California, but the lake is also stocked with numerous other kinds of fish. The lake covers a surface area of 15,000 acres......
• Should You Now Own Gold for Retirement? Gold as a retirement investment? If you ask ten people, you may hear ten different answers. Gold has one thing going for it: it's an investment that will do well when the world is in crisis. Almost any kind of global calamity or economic bad news will trigger a spike......
• Looking on the bright side My husband's car needs a pretty significant repair (a new rack & pinion) and some maintenance (timing belts replaced, a couple of new tires). Those things really add up. His car is 7 years old, with less than 70K miles on it, so it's odd that it would need a......

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