Stocker Steve
Well-known member
Not sure, since I am so young, but I am leaning towards marrying someone with money?
Life Advice
- Thread starter Chevy
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MurraysMutts
Well-known member
Life advice #321
Be careful where u leave things.
Had to flag a guy down at the grocer today.
Left his purse on the roof.
Yep. Driving a chevy!
Be careful where u leave things.
Had to flag a guy down at the grocer today.
Left his purse on the roof.
Yep. Driving a chevy!
Let me add, that there was a group of 4 of us that became friends through 4-H in high school. We all roomed together our Freshman year in college and then drifted apart. But, some 45 years later we are each other's best friends and still get together a couple of times a year.
When my father died a few years ago we had a pretty long "receiving of friends" (he was a Vo-Ag teacher in a small town and very popular, everyone loved him -think Bigfoot on here :) )
At the end of the night, I looked up and my 3 friends were standing there in the back. They had all driven 5-6 hours to be there. That is what college friendships will bring you
Buck Randall
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Don't be afraid of debt. If you're using it to make money at a rate higher than the interest, that's good business. It takes money to make money.
Very true. We have no debt, but financed the big tractor (probably 10 years ago?) because it was 0% interest for 60 months. Interest rates on the money market accounts were pitifully low, but we still came out ahead.
Caustic Burno
Well-known member
That all depends on life events and perspective.
My grandfather lost 300k when the market crashed in 29. I don’t know the equivalent in today’s dollars but it would be millions.
He came out of the depression in good shape because he wasn’t carrying debt .
Lot of people literally lost the farm.
TennesseeTuxedo
Well-known member
I’m sure you asked if there was a discount available if you paid cash upfront, right?
Dave
Well-known member
Along those lines remember life is too short to dance with ugly girls.
Unless they have money.
That's called leveraging and should be kept at a reasonable level.
2% “cash” back on a card at 18-26% interest is Never smart. Miss one months payment and it will take you 2 plus years to recoup the perceived 2%.
If it wasn’t lucrative for the card companies they would not offer it. I think too many people think “someone else will keep a balance and pay for my 2%”. That is equal to placing some of your financial affairs in the hand of a stranger. Careless and irresponsible.
I used to travel a lot for work. Had a company card in my name. The billing went through the company and I never saw it but the fly miles came to me. That was some sweet truly free flying.
Absolutely! But they make more on loans so give you the best deal possible, just to write a loan. Do you remember my F250 diesel fiasco? Even though Ford wouldn't honor the bumper to bumper warranty, insurance ended up paying to replace the engine. But I decided I didn't want the diesel anymore, so traded it in on the exact same truck, one year newer and a gasser. The new truck was actually less then the trade-in, so Ford owed us money - and yet they wanted to finance. What? I don't remember the specifics, but we ended up ahead (again) with incentives and agreed to finance the bogus amount, which Ford paid off within a week. Corporate America makes a ton of money off debt. When someone doesn't play their game, they'll tweak the rules.
1.Figure out what you love to do, then figure out how to make money doing or how to make peace with not having money so that you can do it. Life is to short to be miserable and thinking you will do it tomorrow won’t work out one of these days!
2. Everything in moderation.
3. Treat the people you love the way you want them to remember you when your gone.
2. Everything in moderation.
3. Treat the people you love the way you want them to remember you when your gone.
Dave
Well-known member
They need to have a lot more money than the pretty girls.
It's worth noting that the interest is annual.
Say you had a balance of $2000, you would pay 1/12 of the APR to carry it for a month, if it was 24%, it would cost you $40 a month to keep that balance. You would only pay 24% if you kept that balance for a year.
Where they get you is by keeping the minimum payments so low. The payment on the card above would probably only be ~$50, since $40 of that is going to interest, you are hardly paying off the principle. You will pay for it 2-3 times over by the time it's all said and done, just making the minimum payment.
There was one but she had more issues then grandma's basement full of national geographics.
Buck Randall
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Don't miss your payment.
The credit card company makes money every time you use their card, whether you pay it immediately or not. They charge retailers a fee for every transaction. That's how they can afford to offer kickbacks to customers, even if most of them don't carry a balance.
simme
Old Dumb Guy
It has always worked for me. Card bill is on autopay for 100% full balance from my checking account every month. Monthly charges varies from $2000 to $5000 per month. Never paid any interest. Even pay my auto and homeowners insurance and most medical bills on the card. 2% rebate is automatically deposited in my Fidelity investment account. No action required by me to pay the bill or transfer the 2%. I don't know what the interest rate is since it does not affect me. For me, it has been foolproof for years. Maybe some don't have the discipline and give in to temptation.
Life Advice: Be conservative with spending your money, but not with investing it. Start saving when you are young. Save 20% or so of your income. You may believe that is not possible and you need to spend every penny, but there will be opportunities to save if you look for them. I am cheap. We don't have cable or satellite TV or new vehicles. That is a considerable savings there. If you are less than 50 years old, invest in aggressive growth or index stock mutual funds. High risk, high return funds are what you want for the long term. When the market suffers a big loss and your balance goes down, don't worry. Try to buy more. NEVER sell until you are old. NEVER sell because the market went down. Think long term. High risk, high growth is best for long term. I reached a status level in the late 90's, then saw it go way down in the tech crash in 1999. But it came back strong. Then in 2008, my investments lost about half their value. I just quit opening the statements or looking at the balance. Keep adding to the account. When the market is down, you are buying at a discount and get more shares. You will be rewarded in the long term. Start shifting some investments to more conservative lower risk options when you are in your mid fifties. But keep some in higher risk stock funds into your seventies. Money you won't need for 10+ years should stay in higher risk higher return investments. Items to remember - Spending and politics should be conservative for life. Investments should be high roller early on and conservative only at the end.
Starbucks, alcohol, cable TV, entertainment, sports tickets, fancy cars, big houses, second homes, private colleges, -- those costs are opportunities for investments. I may have crossed a line there and started meddling. :rolleyes:
I never was one to take much advice. If I had of I probably would be broke today.
I will listen to most anything anyone has to say. In the end whatever I decide to do in life and how it turns out. I am the one who gets credit for it. Good or bad.
So i would say each and everyone of us is responsible for how their life turns out regardless of any advice they should decide to listen to including what i am saying.
I have 3 brothers & 3 sisters all colleges graduates. We were all expected to go to college.
All did except me. Finished high school, went to trade school, couple semesters of college.
Decided that was a waste of time & money. Which for me it was. One brother just retired as a nuclear engineer, another brother a Forest ranger, one brother and sister are computer programmers. One sister has a degree in business, one is a school teacher. They all had at a minimum 4 year degree' s.
I have made it through life with as much wealth as the rest of them including the engineer.
Education or going to college to get that education is a business. A roll of toilet paper would be of more benifit than alot of the degrees that you can go to college and get this day and time. Like becomeing a surgeon verses becoming a door to door sales man which i would bet they have a degree to fit that job. I am tring to point out that i would think a surgeon would make alot better living than going door to door saling stuff. Maybe I am wrong about that but I think you get my point.
I am not saying going to college is a bad thing. I just think it's all about the degree your seeking is going to determine how much it is going to benefit you in life.
Some cultures and country's put more value in common sense than education. I myself feel that way.
The reason i am using education as an example is because that seems like one of the things that so many kids rely on to help make them be successful in life.
It does for some but percentage wise. I would bet well over 50 % of college graduates end up making less money in the job market than someone without a college degree. And have a huge student loan that most of them end up defaulting on. Simply because they thought getting the college degree would be their ticket to easy street through life.
College's are money making businesses. I know of a college instructor whom I graduated high school with. How he made it to the forth grade beats me.
I and everyone that went to school with him knew he was lucky to ocassionly make a D on his report card. That was the highest grade he would
make. Most were F's.
Not only did he graduate high school with thoes grades. He is now teaching college courses at a local college. He was into drugs in high school, all the way through life and to this day is a big time druggie !!!
I will listen to most anything anyone has to say. In the end whatever I decide to do in life and how it turns out. I am the one who gets credit for it. Good or bad.
So i would say each and everyone of us is responsible for how their life turns out regardless of any advice they should decide to listen to including what i am saying.
I have 3 brothers & 3 sisters all colleges graduates. We were all expected to go to college.
All did except me. Finished high school, went to trade school, couple semesters of college.
Decided that was a waste of time & money. Which for me it was. One brother just retired as a nuclear engineer, another brother a Forest ranger, one brother and sister are computer programmers. One sister has a degree in business, one is a school teacher. They all had at a minimum 4 year degree' s.
I have made it through life with as much wealth as the rest of them including the engineer.
Education or going to college to get that education is a business. A roll of toilet paper would be of more benifit than alot of the degrees that you can go to college and get this day and time. Like becomeing a surgeon verses becoming a door to door sales man which i would bet they have a degree to fit that job. I am tring to point out that i would think a surgeon would make alot better living than going door to door saling stuff. Maybe I am wrong about that but I think you get my point.
I am not saying going to college is a bad thing. I just think it's all about the degree your seeking is going to determine how much it is going to benefit you in life.
Some cultures and country's put more value in common sense than education. I myself feel that way.
The reason i am using education as an example is because that seems like one of the things that so many kids rely on to help make them be successful in life.
It does for some but percentage wise. I would bet well over 50 % of college graduates end up making less money in the job market than someone without a college degree. And have a huge student loan that most of them end up defaulting on. Simply because they thought getting the college degree would be their ticket to easy street through life.
College's are money making businesses. I know of a college instructor whom I graduated high school with. How he made it to the forth grade beats me.
I and everyone that went to school with him knew he was lucky to ocassionly make a D on his report card. That was the highest grade he would
make. Most were F's.
Not only did he graduate high school with thoes grades. He is now teaching college courses at a local college. He was into drugs in high school, all the way through life and to this day is a big time druggie !!!
