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Buying a car for fuel efficiency

December 14, 2006 by Lazy Man 2 Comments

My fiancee has recently moved in with me and has made the sacrifice or lengthening her commute from the “get out of bed and slide into work in 10 minutes” to the “break out the iPod because it’s going to be awhile” time of 40 minutes. I have had to commute more than 40 minutes before and it’s not that bad, but losing an hour a day is a shock. I’ve thought about giving in and moving a little closer to her work (I enjoy the 10 minute commute now) when we look for the next home, but I’m not that comfortable moving that far outside of Boston. I’m already further than I really intended to ever be, but with housing prices what they are, it’s necessary.

Here’s the straw that breaks the camel’s back. She has an SUV that simply guzzles gas like no tomorrow. We can’t really get rid of it, because we always seem to be moving some big thingamajig. My car doesn’t get the greatest MPG, but it’s better. We switched cars a couple of times, but I can tell that’s not something she feels overly comfortable with. She’s mentioned possibly getting a third car for commuting. Seems like it’s not a terrible idea as long as our insurance doesn’t sky rocket and we get the condo to allow us to park a third car.

So this is where I ask for your help. If you could buy a car now as the most cost effective way to travel about 60-70 miles a day, what would you get? I’m eliminating a new cars as it would take too long to recoup the cost of gas when you factor in depreciation. I get the feeling it’s going to be between a 4-5 year old Miata, the first year the Prius was made, or some kind of Kia/Hyundai that gets decent milage.

Give me your suggestions and in a future I’ll run some rough numbers.

Filed Under: Smart Purchases

Live Long and Prosper?

May 26, 2008 by Lazy Man 1 Comment

That will be my first and hopefully last Star Trek reference I make. I’m probably one of the few software engineers that haven’t spent any time watching it.

About 6 weeks ago, I took $100 and deposited it with a new website, Prosper. The website is often called the Ebay of loans. It basically matches up borrowers and lenders. It’s an idea that I came up with quite some time ago, but never did anything with it. I didn’t have the resources or connections to get it done right, and well, as this blog says, I’m lazy.

Let’s get back to the Prosper. A similar website has been successful in Europe for awhile. The site is backed by some pretty big sources, so I had no doubts about their legitimacy. They’ve done all the right things and provided lots of financial checks on the borrowers as well as providing collection agencies for the lenders.

For my first loan, I found someone looking for a loan at 12% interest. That’s about 3 times better than I can in my high interest bank account and 12 times better than a lot of savings accounts today. I presume this rate is better than what the person could have got from a bank or else he wouldn’t take it. Sure I’m taking a risk, but sometimes that what it takes if you want to make more than 4%. In the end, the borrower wins, the lender wins, and the bank misses out.

Don’t forget to read my Prosper Review

Filed Under: P2P Lending Tagged With: Prosper

Rich Dad, Poor Dad

June 3, 2007 by Lazy Man 3 Comments

I’ve been reading about Rich Dad, Poor Dad for some time and finally took the plunge and used a gift certificate to pick it up. I have to admit that I really enjoyed about the first 120 pages, but the last 60 or so weren’t quite as good.

I’m sure I should have took away more than just this, but what I did take away was a lesson that I already knew, but had forgotten. That lesson was to collect assets that will earn a passive income – money that I can count on each month to subsidize and eventually replace my salary.

Filed Under: Alternative Income

Welcome

December 14, 2006 by Lazy Man 6 Comments

This blog is about a man, a lazy man, and his quest to not only retire early, but to retire rich enough to live a comfortable lifestyle. I’m a software engineer, so don’t expect journistic quality writing or professional quality money ideas. I’m from the Boston area (just a few miles west) and my motivation for this blog comes in large part from Boston Gal’s Open Wallet. I’m also influenced by Adventures in Money Making who is doing what I haven’t had the guts to do yet and leverage himself big in real estate.

You can expect Lazy Man and Money to be about 85% money, 5% technology (hey, I’m a software guy), 2% health, 5% random soapboxing, and 3% “zany”-ness. Maybe we’ll up that zany as time goes on.

Filed Under: About / Admin, Announcements

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