Why is money so hard?!

Discussion in 'The Pub' started by Someguitarguy, Feb 2, 2018.

  1. AXEnGEAR4J

    AXEnGEAR4J Member

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    You hit the nail straight on the head!
     
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  2. Scrapperz

    Scrapperz Member

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    You should be able to check your credit for free at least one time ASFAIK.
     
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  3. Someguitarguy

    Someguitarguy Member

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    Problem is: even IF or when you have cash to pay for whatever it is you might be wanting, you're still most likely nowhere near financial independence. If you are then this spare cash just rolls into your account each week
     
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  4. AXEnGEAR4J

    AXEnGEAR4J Member

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    You will never obtain "financial independence" unless you're are totally capable of self sustainability and sufficiency.
    If you're capable to do this off nature which is a breed of it's own (off the grid) medical then becomes a concern.
     
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  5. Scrapperz

    Scrapperz Member

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    I worked 2 full time jobs for many years and helped my dad at night I rode a bike everywhere. I knew people who are in their 60's working 3 jobs, not all at the same time of course. I'm sure there are people in their 60's working 3 jobs or working harder than they ever did even still.
     
  6. Papanate

    Papanate Gold Supporting Member

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    Yes. At a minimum. It's not easy - and a person has to start
    early. And people have to get out of the mindset that if I work
    hard enough I will make the money. The path has never been
    about working hard. It's amount being smart with money.
    For example: In my lifetime Apple before Jobs returned was
    $17 a share. Qualcomm 1991 $14 a share. Netflix when they
    started was $15 a share.

    Think about those investments if you put $1000 or so in the kitty for each.

    Apple 1999 - 59 Shares @ $17 > 2016 Sell at $385 per share.
    $22715.

    Qualcomm 1991 100 shares @ $14 > 2 Splits and 1 Spinoff and
    and a sell off Dec 30th, 1999 would have netted $287,444.16

    Netflix 2002 67 shares at $15 > 2018 67 Shares @ 267.43 =
    $17917.81.

    Money is to be made - one just has to be observant and
    think about life, trends and what the future may bring.
    Personally I had the blessing of one of my best friends.
    The Gal hasn't been wrong on a stock investment advice
    in 35 years. She has a gift.
     
    Last edited: Feb 2, 2018
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  7. Someguitarguy

    Someguitarguy Member

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    I also find it funny (yea, hilarious!..) that the Australian Government just hands out money to people with no assetts ir money. But if you have anything then you first have to lose it before they'll consider paying you.

    Same, if you work hard to make it the best you can all your life and retire at 67, the more you have the less (or nothing) you will be elightable for.

    So some people get on welfare their entire lives and essentially retire at 18 years old, receiving income for free. And others work very hard for their entire lives to scrape by on whatever they can manage to put aside for their elderly years. It's somewhat mad to think about

    The welfare types do live a pretty shiddy life though and are normally complete losers though so I'll keep turning up to work
     
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  8. AXEnGEAR4J

    AXEnGEAR4J Member

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    Oh I get ya... Liquidation of particular assets I'm constantly reassessing, the best ROI, so far it's been my properties that I've hung on and have provided an 8%-10 ROI, doubtful I'll reinvest in property now where the investment market stands today.

    However if savvy real estate has always proven over all to be one of the best.
    I fortunately reconnected with an old gal friend of a heavy 5 year relationship back in the 80's, (wonderful woman I still can connect with) made BIG $mm bank in real estate top ten sales in the nation at 24 for the top 5 RE companies. Now in OR and up in Seattle and Bellevue, commercial and consumer that's say I could seek her advice.

    Otherwise I dunno at this time in life ...Sell it all and by a big RV? lol
     
  9. Papanate

    Papanate Gold Supporting Member

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    Or figure out a relationship. LOL!

    Real Estate was a good investment strategy. It's still worthwhile depending
    on the approach. One way for you to make money is taking advantage of
    the Equity in your properties. That could fund other property purchases
    where you buy in at $300K and sell it at $400K a few years later.

    Another route is the Real Estate Investment Groups - that's where
    5 or 10 people just like you - in the same economic state put in
    x amount of dollars into a Kitty that buys property with your combined
    economic force - then sells it - and usually returns something decent back
    - at the $50K - $100K investments I've been seeing 20% come back.
    You can see where that heads - that's some significant retirement
    funds coming back to you over 10 years.
     
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  10. Traintrack

    Traintrack Coolest Member Award Aug 2009 Silver Supporting Member

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    Life is good.
     
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  11. Dirtystranger

    Dirtystranger Member

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    What wild dingoes eating babies?
     
  12. AXEnGEAR4J

    AXEnGEAR4J Member

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    I hope to have a few options ahead in both ways...;)
    Right now I'm working to figure out an investment on a secluded property, the 40 acre land and home are worth $365K however there is $1m of timber.... Strip it it's not "secluded and desirable" less value, by zone you can break one 20 acre one lot (20 min).
     
  13. NeuromancerAI

    NeuromancerAI Member

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    Or step on Pokey McPoisonface
     
  14. loudboy

    loudboy Member

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    If you're paying more than $50/month for one cellphone line, you're getting robbed.

    Here's some things we did:

    Look at every bill you get, and try to figure out how to get it lower. Usually, in an afternoon of calling, or signing up online, you can save hundreds of dollars a year, on everything and get the same or better service.

    Do that with every aspect of your business - learn the difference between want and need.

    Get as much money as you can afford into investments - get the money working for you.
     
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  15. Telefunky

    Telefunky Member

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    If asking rhetorically, many previous answers should suffice. If asking specifically, the answer is what's known as "fiat currency".
     
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  16. HaroldBrooks

    HaroldBrooks Member

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    Did you invest in the stock market ? Not like a gambler, but like a long term investor, 401K or Roth IRA (Tax advantages) with carefully picked mutual funds or a carefully picked and diversified stock portfolio, to minimize risk.

    It pays off in spades, in the long run. Much better than most people believe or would imagine. Fear and greed stop people from doing the right things with money, as with other things. Conservative investment in the long hall is a good way to gain for the future. even if you are 50 years old, there a pretty good chance (1 in 4) you will live to be 92 years old or older. That's 42 more years. Take a look at what the Dow Jones Industrial average was around 800 back then ! 800 !

    Today, even with a bad week in the market it's still on the high side of 25,000. That's roughly 31 times the value. Adjusted for inflation, you would have gained a tidy sum.

    It's the same story more or less with any long term period you would like to chose. Think long term, but act now and invest the money you will need down the road. Don't invest today's dollars to be used in the short run, invest for the long term.

    Don't buy new in anything, if you can avoid it.

    Make a Budget, and real world budget based on your recorded expenses of the last 6 months. Trim the Fat where you can, look at your expenses from the top cost down. Control the top cost items.

    Spend Below Your Means, Invest the rest in diversified stocks. 20 years from now, you will most likely be singing a different tune.
     
  17. Gus54

    Gus54 Member

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    You got that right! For a reference in 1955 a dollar was worth 100 pennies. Years ago when Perot was on the platform running with Bill Clinton and George Sr., he made a comment that struck me as odd. He said that a dollar at that moment in time was worth 19 cents. I tried to wrap my head around that and several years back I looked at a few samplings of basing how much the dollar was worth then....I guess about 5 years ago and it was then worth ranging from 7.53-10 cents. I don't know how much a dollar is worth now but I understand things a bit better. Prices don't necessarily rise that much, it's the value of the dollar has fallen so much.
     
  18. BlueRiff

    BlueRiff Member

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    Is your money working for you? Investments?
     
  19. Jacobite_Rebellion

    Jacobite_Rebellion Member

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    The metal-coin type or the folding paper type?
     
  20. Jacobite_Rebellion

    Jacobite_Rebellion Member

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    38 years ago the rate of inflation in the US was 13.91 percent so your real rate of return was a measly 0.09 percent.
     

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