TYM vs Yanmar

[bmaverick]

TYM+Kukje+Yanmar = Rural King RK tractors too.

37Hp diesel.

Tractors | RK37 Series Tractor | RK Tractors

Tractors: RK37 SERIES - 'MORE TRACTOR LESS PRICE' The RK37 Compact tractor series provides plenty of power. Rural King Tractors For Sale.

www.rktractors.com

 

[Torvy]

Also, all of Bad Boy tractors are TYM (Branson models). I don't think any of those have a Yanmar engine, though.

 

[CloverKnollFarms]

I had a financial advisor once who wanted me to leverage everything and invest everything. Even down to an interest only home loan.

My personality doesn't rest well with owing anyone anything. So, we went through life only paying things in full. Including our last home, property, tractor, cars...

Now, I am good at math. So I understand interest and ROI. I also place value on risk and peace of mind.

Now, we have averaged 13% in the market for a couple decades. I might have been more wealthy if I had leveraged my life. I might have also spent a lot more, knowing I didn't have to have the cash to buy it at the time.

I have a lot of peace of mind. I retired early. Maybe I'd be more wealthy. Not sure the anxiety would have been worth it.

 

[California]

I had a financial advisor once who wanted me to leverage everything and invest everything. Even down to an interest only home loan.

My personality doesn't rest well with owing anyone anything. So, we went through life only paying things in full. Including our last home, property, tractor, cars...

Now, I am good at math. So I understand interest and ROI. I also place value on risk and peace of mind.

Now, we have averaged 13% in the market for a couple decades. I might have been more wealthy if I had leveraged my life. I might have also spent a lot more, knowing I didn't have to have the cash to buy it at the time.

I have a lot of peace of mind. I retired early. Maybe I'd be more wealthy. Not sure the anxiety would have been worth it.

My experience is about the same as yours. And similar results. The peace of mind, was worth it.

 

[Torvy]

I had a financial advisor once who wanted me to leverage everything and invest everything. Even down to an interest only home loan.

My personality doesn't rest well with owing anyone anything. So, we went through life only paying things in full. Including our last home, property, tractor, cars...

Now, I am good at math. So I understand interest and ROI. I also place value on risk and peace of mind.

Now, we have averaged 13% in the market for a couple decades. I might have been more wealthy if I had leveraged my life. I might have also spent a lot more, knowing I didn't have to have the cash to buy it at the time.

I have a lot of peace of mind. I retired early. Maybe I'd be more wealthy. Not sure the anxiety would have been worth it.

There's a happy medium. We used a lot of 90 days deals to help build our credit. Wife has MBA and we both spent many years in banking.

Another important ratio is debt-to-income. We liked to keep ours around 25%. Lenders will go much higher. Sometimes as much as 50%.

Now we really don't mess with debt other than revolving cards. We pay them in full every month, so it's not a big deal. Our investments pay the bills and we live very cheaply. We're on pace to spend about $30k for the full year. The point being that we don't need to build more.

 

[CloverKnollFarms]

There's a happy medium. We used a lot of 90 days deals to help build our credit. Wife has MBA and we both spent many years in banking.

Another important ratio is debt-to-income. We liked to keep ours around 25%. Lenders will go much higher. Sometimes as much as 50%.

Now we really don't mess with debt other than revolving cards. We pay them in full every month, so it's not a big deal. Our investments pay the bills and we live very cheaply. We're on pace to spend about $30k for the full year. The point being that we don't need to build more.

We are in the same boat. Our annual expenses are about $30k. When you don’t have debt, life can get quite inexpensive.

It will be nice when I can access my retirement accounts in 12 years

 

[Torvy]

We are in the same boat. Our annual expenses are about $30k. When you don’t have debt, life can get quite inexpensive.

It will be nice when I can access my retirement accounts in 12 years

There are ways. Wife had hers draw early. (Rule 72t) I'm old enough now to draw without strings or penalties. I just haven't needed to. Her 72t draw covers us. In a couple of more years, I'll start drawing SocSec. It may not be viable when I get to 70. Haha

 

[California]

I wish living expenses in California were that low! But we're ok. The Fidelity account has grown 50% since I took early retirement in 1998.

After a couple of years fine tuning a spreadsheet that projected all expenses, and income such as future SS, I decided I could safely pull the plug. Things have worked out as projected back then. (Yes, MBA here. )

IRA money replaced some of the wage income, enough to be comfortable. Back then you could start drawing from an 459 (IRA) years early, I think age 50, if you signed to take a flat amount monthly for life.

We lived comfortable but below our actual income level for years while accumulating savings. And today, still do.

 

[California]

Torvy, I'm convinced I've paid less for cars than if I had financed them.

When I bought the 99 Subaru Outback (new) I went in Monday with the check and was told Sergei doesn't work here any more. I hadn't realized I beat him up that bad! He must have been desperate to make a sale, any sale.

And the car had been sabotaged. A different dealer discovered the horn, turn signals etc fuses had been removed between my test drive and taking possession. Maybe I PO'd the finance guy too.

Yeah I'm cheap, when we're talking $thousands.

Still have the car. It hasn't given me any reason to replace it.

 

[CloverKnollFarms]

There are ways. Wife had hers draw early. (Rule 72t) I'm old enough now to draw without strings or penalties. I just haven't needed to. Her 72t draw covers us. In a couple of more years, I'll start drawing SocSec. It may not be viable when I get to 70. Haha

Yeah, I'm aware of the 72t... But not a fan of 12 years of it.

We don't NEED it now...
But when I can finally tap my retirement, I'll actually feel like all those years were worth it. Right now I still feel like I'm waiting to retire in a sense

 

[CloverKnollFarms]

Torvy, I'm convinced I've paid less for cars than if I had financed them.

When I bought the 99 Subaru Outback (new) I went in Monday with the check and was told Sergei doesn't work here any more. I hadn't realized I beat him up that bad! He must have been desperate to make a sale, any sale.

And the car had been sabotaged. A different dealer discovered the horn, turn signals etc fuses had been removed between my test drive and taking possession. Maybe I PO'd the finance guy too.

Yeah I'm cheap, when we're talking $thousands.

Still have the car. It hasn't given me any reason to replace it.

We 100% paid less for things due to not financing.

Hell, I still drive a 2007, that we paid $8k for, 6 years ago. I'll probably drive it another 5 years. With large cash purchases, comes pain that I don't feel with a monthly payment. It has caused much more restraint.

 

[Torvy]

I got some good deals. Being on the inside, I knew what to do. In one case, our sales manager contacted the dealership for me. My wife was going to look at a used Sienna (4 kids). They treated her like a princess. All they did with the "add-ons" was hand us the catalog in case we wanted something. Zero pressure.

Most of my loans for cars have been 0% (at least since I was 30 or so). Trust me, with most deals, they will cut more off if you use their financing.

I don't know why cars and the like are unique in the US. We don't really negotiate prices on most other things. I suppose it matters more on big-ticket items.

 

[Torvy]

Yeah, I'm aware of the 72t... But not a fan of 12 years of it.

We don't NEED it now...
But when I can finally tap my retirement, I'll actually feel like all those years were worth it. Right now I still feel like I'm waiting to retire in a sense

For her it was only 5 years (the least you can do). As it turns out, our modest investments are making more than we spend. Even the recent variations haven't had a substantive long-term difference.

I'm sure your higher lifetime income has set you up even better.

 

[CloverKnollFarms]

For her it was only 5 years (the least you can do). As it turns out, our modest investments are making more than we spend. Even the recent variations haven't had a substantive long-term difference.

I'm sure your higher lifetime income has set you up even better.

We were blessed with my career, for sure.

 

[Torvy]

We were blessed with my career, for sure.

Risk-reward. I had very little chance of dying on the job.

 

[CloverKnollFarms]

Risk-reward. I had very little chance of dying on the job.

Well, to be fair, you had more chance of dying driving to work, than I did spending a week in a plane

 

[Texasmark]

Neighbor has a 45 hp with cab and has problems with his TYM.
Yanmar was the first small overseas manufactured tractor sold in the N. Dallas area back in the '60's. Yanmar engines are in JD and lots of other makes.....my LS has a Yanmar engine.....bullet proof.

 

[Shawn T. W.]

Usually with the 0% finance "carrot" ... Comes the "big stick" requirements to carry loss/damage insurance on the tractor, same as cars ... Which raises the overall cost of the purchase.

I'm debt free, If I want something and I don't have the money for it, I just keep saving until I do.

 

[CloverKnollFarms]

Usually with the 0% finance "carrot" ... Comes the "big stick" requirements to carry loss/damage insurance on the tractor, same as cars ... Which raises the overall cost of the purchase.

I'm debt free, If I want something and I don't have the money for it, I just keep saving until I do.

Same.

Makes net worth calculations easier

 

[Handloader109]

Cash, Cash only. This is the WAY. The FALLACY of investing the cash and paying by month is a FALLACY. There is 10,000% more chance of you losing that job, your wife losing hers, a major health issue that has you not earning for a year, or just an accident that removes your ability to earn and you've got PAYMENTS to make. Same thing g as the idiots claiming house flipping is great, or buying multiple rentals on loans only. LIFE and Murphy have their plan too. CASH and it belongs to YOU. Not the bank.