Need Some Adulting Advice

Hentz · 12/11/2016, 05:54 PM

Delete

mcgyvr · 12/11/2016, 05:57 PM

part of being an adult is making your own decisions

I'd sell 2 horses..

atitagain · 12/11/2016, 06:13 PM

i got back into reef'n because all my other projects were finishing up and i got idle hands. (that was before I bought my 68 mustang) anyway, with school and moving etc will you have time to dedicate yourself to the tank...or use it as stress relief from school?

atitagain · 12/11/2016, 06:15 PM

Quote:

Originally Posted by atitagain

i got back into reef'n because all my other projects were finishing up and i got idle hands. (that was before I bought my 68 mustang) anyway, with school and moving etc will you have time to dedicate yourself to the tank...or use it as stress relief from school?

just looked at your tank specs...what about "downgrading" what you are keeping? maybe a softy and ACAN tank or something that require less attention.

Moreta · 12/11/2016, 06:17 PM

Well, you probably won't get out what you've put in to the tanks so I would suggest another alternative. What I have done in the past when time or money was in short supply is to break down the tank, sell / trade off the livestock and store the equipment until I could set it back up. Can't tell you how many times I sold off equipment at a fraction of what is was worth to turn around a year (or decade for that matter) later and buy stuff all over again.

Hentz · 12/11/2016, 06:33 PM

I completely get I won't get back what I paid. However I have priced my equipment based off prices I'm seeing the items being sold for on ReefCentral, *********, Facebook Reef groups, and even my local and nearby areas. I know roughly what I can get which is a decent amount.

Another thing, I just rebooted my tank. All I have in there is my three fish I've had for years and two tester acro frags.

I'd still do Acros. Whether I get out of the hobby for a short period of time or not.

whiteshark · 12/11/2016, 08:10 PM

Don't bother with a small tank. Either stay or get out. All a small tank will do is lead you to get another big tank.

SBV · 12/11/2016, 08:27 PM

Quote:

Originally Posted by whiteshark

Don't bother with a small tank. Either stay or get out. All a small tank will do is lead you to get another big tank.

Agreed. I'm a financial minded guy and know my limits. My wife and I have been completely debt free for 5 years now. (I'm under 40 and have 3 children). Let me just say that never being in bondage to money is freedom you cannot explain till you get there. Sell you stuff until it's the right time.

ReefTeacher · 12/11/2016, 10:05 PM

sell, and get excited about a dream system. Take a few years to save and plan. Who knows what new equipment and controllers will be available then!

Half Vaped · 12/11/2016, 10:19 PM

If you have the discipline, I say pay off your debt now and get a really, really nice system going once you and your finances are ready.

moondoggy4 · 12/12/2016, 01:15 AM

Sell the live stock keep the good equipment and sell some of the odds and end. I still have stuff some of the stuff from the 80's. ATI light will always be top tier.

wrott · 12/12/2016, 01:25 AM

Quote:

Originally Posted by Moreta

Well, you probably won't get out what you've put in to the tanks so I would suggest another alternative. What I have done in the past when time or money was in short supply is to break down the tank, sell / trade off the livestock and store the equipment until I could set it back up. Can't tell you how many times I sold off equipment at a fraction of what is was worth to turn around a year (or decade for that matter) later and buy stuff all over again.

I'd do this.

Ron Reefman · 12/12/2016, 06:23 AM

Grow up and figure out your finances. Having debt and savings isn't very sensible. I almost had to declare bankruptcy back 25+ years ago. My situation was a bad divorce, own 2 much real estate (not at all liquid), involved in another expensive hobby (racing sports cars) and loss of a job while having too much credit card debt. Now I own my home, 2 cars (one pricey hot rod), I have no mortgage, no loans and no credit cards and lots of more liquid investments. You're going to get married and you don't own a house... sell the tank and wait until the finances aren't an issue. This isn't a cheap hobby and getting into it when there are bigger life issues to deal with is just foolish.

That my 2 cents based on my own failings.

Joe0813 · 12/12/2016, 07:39 AM

If you sell the tank you never get even close to what you pu in.

OurCoralReef · 12/12/2016, 09:00 AM

Being that you only have 3 fish and 2 acros

i would sell and plan a setup for when im financially stable

as ron reefman said being in debt and having savings is not sensible

sell everything pay back your debt and when your ready you can start saving for your new setup marriage is not cheap

and look at it this way when your ready you can always buy a used setup for the same amount or cheaper than what your selling this setup for

davocean · 12/12/2016, 10:24 AM

I would sell it all and when things are stable and you feel you have the time build new, and take that time to invite your significant other to share that build w/ you if there is interest.

Hentz · 12/12/2016, 12:13 PM

Delete

OurCoralReef · 12/12/2016, 04:53 PM

Quote:

Originally Posted by Hentz

Much appreciated for your feedback.

While my finances aren't an issue by any means, just looking to play it safe on my part. We're both young (early 20's) and are blessed with our jobs and careers ahead of us. Just trying my play my cards right and looking for other advice from fellow reefers like yourselves. While of course I will grow up and figure out my own things, I wanted to hear what advice others had as well. I'm a man who likes to plan and learn as much as possible to prevent mistakes from being made. While I welcome mistakes because they do teach, I also welcome knowledge to prevent!

We decided last night where we'd be while we put more away for property. My tank will definitely not work where we'd live so I'll be selling it off and keeping my beloved fish in a smaller tank or giving them to a close experienced reefer.

Good luck in everything you do

Sonyardo · 12/12/2016, 08:11 PM

I would liquidate horses, fish and put off the marriage until after school. Focus on getting school out of the way and get all your business in order. Then go from there. On a side note, if you're going to sell your current set up and just rebuild it 6 months later, then you might as well keep it. You will take a big loss cashing out.

ericarenee · 12/12/2016, 08:14 PM

Quote:

Originally Posted by SBV

Agreed. I'm a financial minded guy and know my limits. My wife and I have been completely debt free for 5 years now. (I'm under 40 and have 3 children). Let me just say that never being in bondage to money is freedom you cannot explain till you get there. Sell you stuff until it's the right time.

Its amazing not having a mortgage no car payment and no credit card dept with money in the bank... We paid off our home back in the spring. I Now only have to work Sometimes and sometimes sometimes is not very much..

But i agree with what most are saying. Either figure out how to keep what you have to get all the way out until your stable again and out of school..

Sonyardo · 12/12/2016, 08:19 PM

I guess mine was option #4

12/11/2016, 05:54 PM	#1
Hentz Registered Member Join Date: Feb 2013 Location: Las Vegas, Nevada Posts: 2,016	Need Some Adulting Advice Delete __________________ A Reef in the Desert: 120 Gallon (4x2x2) - MP40 x2 - Gyre 130 - ATI Sunpower - Simplicity Pump/Skimmer - Controlled by Apex Last edited by Hentz; 05/18/2018 at 11:16 AM.

12/11/2016, 05:57 PM	#2
mcgyvr Registered Member Join Date: Sep 2003 Location: North Carolina Posts: 20,050	part of being an adult is making your own decisions I'd sell 2 horses.. __________________ Who me?

12/11/2016, 06:13 PM	#3
atitagain Registered Member Join Date: Feb 2015 Location: tucson Posts: 46	i got back into reef'n because all my other projects were finishing up and i got idle hands. (that was before I bought my 68 mustang) anyway, with school and moving etc will you have time to dedicate yourself to the tank...or use it as stress relief from school? __________________ 30G jbj all-in-one, Tunze 9004, 1.5" sand bed/30# rock, 2x Kessil A160we, Vortech MP10, Tunze ATO, Apex Jr with PM1 module, In-Tank media basket Current Tank Info: 30g jbj rimless, vortech wavemaker, kessil 160 + controller, tunze skimmer

12/11/2016, 06:17 PM	#5
Moreta Registered Member Join Date: Sep 2001 Location: Michigan Posts: 113	Well, you probably won't get out what you've put in to the tanks so I would suggest another alternative. What I have done in the past when time or money was in short supply is to break down the tank, sell / trade off the livestock and store the equipment until I could set it back up. Can't tell you how many times I sold off equipment at a fraction of what is was worth to turn around a year (or decade for that matter) later and buy stuff all over again. __________________ Time flys like an arrow. Fruit flies like a banana.

12/11/2016, 06:33 PM	#6
Hentz Registered Member Join Date: Feb 2013 Location: Las Vegas, Nevada Posts: 2,016	I completely get I won't get back what I paid. However I have priced my equipment based off prices I'm seeing the items being sold for on ReefCentral, *********, Facebook Reef groups, and even my local and nearby areas. I know roughly what I can get which is a decent amount. Another thing, I just rebooted my tank. All I have in there is my three fish I've had for years and two tester acro frags. I'd still do Acros. Whether I get out of the hobby for a short period of time or not. __________________ A Reef in the Desert: 120 Gallon (4x2x2) - MP40 x2 - Gyre 130 - ATI Sunpower - Simplicity Pump/Skimmer - Controlled by Apex

12/11/2016, 08:10 PM	#7
whiteshark Registered Member Join Date: Mar 2006 Location: Bethlehem, PA Posts: 3,024	Don't bother with a small tank. Either stay or get out. All a small tank will do is lead you to get another big tank. __________________ Deep Blue 60 gallon cube: Setup in progress.

12/11/2016, 10:05 PM	#9
ReefTeacher Registered Member Join Date: Sep 2003 Location: St. Louis MO Posts: 358	sell, and get excited about a dream system. Take a few years to save and plan. Who knows what new equipment and controllers will be available then!

12/11/2016, 10:19 PM	#10
Half Vaped Registered Member Join Date: Apr 2016 Posts: 401	If you have the discipline, I say pay off your debt now and get a really, really nice system going once you and your finances are ready.

12/12/2016, 01:15 AM	#11
moondoggy4 Registered Member Join Date: Jan 2007 Location: menifee So cal Posts: 11,042	Sell the live stock keep the good equipment and sell some of the odds and end. I still have stuff some of the stuff from the 80's. ATI light will always be top tier.

12/12/2016, 06:23 AM	#13
Ron Reefman Registered Member Join Date: Jul 2009 Location: Cape Coral, FL Posts: 10,431	Grow up and figure out your finances. Having debt and savings isn't very sensible. I almost had to declare bankruptcy back 25+ years ago. My situation was a bad divorce, own 2 much real estate (not at all liquid), involved in another expensive hobby (racing sports cars) and loss of a job while having too much credit card debt. Now I own my home, 2 cars (one pricey hot rod), I have no mortgage, no loans and no credit cards and lots of more liquid investments. You're going to get married and you don't own a house... sell the tank and wait until the finances aren't an issue. This isn't a cheap hobby and getting into it when there are bigger life issues to deal with is just foolish. That my 2 cents based on my own failings. __________________ The good thing about science is that it's true whether or not you believe in it. (Neil deGrasse Tyson) Visit my build thread http://www.reefcentral.com/forums/showthread.php?t=2593017

12/12/2016, 07:39 AM	#14
Joe0813 Registered Member Join Date: Mar 2011 Location: Boston strong Posts: 2,766	If you sell the tank you never get even close to what you pu in. __________________ Joe and Jenny Current Tank Info: 180 reef

12/12/2016, 09:00 AM	#15
OurCoralReef In Memoriam Join Date: Nov 2016 Location: NY Posts: 363	Being that you only have 3 fish and 2 acros i would sell and plan a setup for when im financially stable as ron reefman said being in debt and having savings is not sensible sell everything pay back your debt and when your ready you can start saving for your new setup marriage is not cheap and look at it this way when your ready you can always buy a used setup for the same amount or cheaper than what your selling this setup for

12/12/2016, 10:24 AM	#16
davocean Registered Member Join Date: Nov 2005 Location: San Diego, CA Posts: 14,655	I would sell it all and when things are stable and you feel you have the time build new, and take that time to invite your significant other to share that build w/ you if there is interest. __________________ There's a fine line between owning your tank and your tank owning you! Current Tank Info: SCA 120g RR Starfire, Tunze silence 1073.02 return, 40g sump w/ fuge, SWC Extreme 160 cone skimmer,Geismann reflexx 4xT5, 2x Panorama Pro LED strips, Vortech MP40QD

12/12/2016, 12:13 PM	#17
Hentz Registered Member Join Date: Feb 2013 Location: Las Vegas, Nevada Posts: 2,016	Delete __________________ A Reef in the Desert: 120 Gallon (4x2x2) - MP40 x2 - Gyre 130 - ATI Sunpower - Simplicity Pump/Skimmer - Controlled by Apex Last edited by Hentz; 05/18/2018 at 11:17 AM.

12/12/2016, 08:11 PM	#19
Sonyardo Registered Member Join Date: Mar 2013 Location: OC California Posts: 522	I would liquidate horses, fish and put off the marriage until after school. Focus on getting school out of the way and get all your business in order. Then go from there. On a side note, if you're going to sell your current set up and just rebuild it 6 months later, then you might as well keep it. You will take a big loss cashing out.

12/12/2016, 08:19 PM	#21
Sonyardo Registered Member Join Date: Mar 2013 Location: OC California Posts: 522	I guess mine was option #4