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Getbig Main Boards => Gossip & Opinions => Topic started by: el numero uno on June 07, 2017, 08:35:25 PM
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I've been reading about it lately. A financially secure person is someone who basically can live (frugally) from his investments, have many sources of income, etc.
If you're a top notch laywer then you're wealthy but not financially secure (if that's your only income).
On the other side, if you have a moderate income, but you have many sources of income (e.g. rental units) then you're FS.
The book "The millionare next door" is perhaps the best book if you want to learn about this. The only problem I have with the book is that it doesn't consider the quality of life among the cases it presents.
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Millionaire next door is an excellent book.
Also Rich Dad Poor Dad. Biggest thing I took away from that book is pay yourself first.
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I've been reading about it lately. A financially secure person is someone who basically can live (frugally) from his investments, have many sources of income, etc.
If you're a top notch laywer then you're wealthy but not financially secure (if that's your only income).
On the other side, if you have a moderate income, but you have many sources of income (e.g. rental units) then you're FS.
The book "The millionare next door" is perhaps the best book if you want to learn about this. The only problem I have with the book is that it doesn't consider the quality of life among the cases it presents.
"Live like no one else now, so you can live like no one else later on"
I think that's the Dave Ramsey quote that would address the last part.
You avoid the debt trap game, practice delayed gratification and invest early so you can enjoy a solid bank account and the lifestyle that comes with it later on.
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we could all be financially secure
but where's the fun in that?
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Waiting for inheritance, seriously. Then we will talk if it works out. Other than that fuck no
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we could all be financially secure
but where's the fun in that?
This. My goal is not to be rich when I'm old, my goal is to live rich while I'm young.
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I've been reading about it lately. A financially secure person is someone who basically can live (frugally) from his investments, have many sources of income, etc.
If you're a top notch laywer then you're wealthy but not financially secure (if that's your only income).
On the other side, if you have a moderate income, but you have many sources of income (e.g. rental units) then you're FS.
The book "The millionare next door" is perhaps the best book if you want to learn about this. The only problem I have with the book is that it doesn't consider the quality of life among the cases it presents.
One of the few books on finance that I've yet to read. Somebody mentioned Rich Dad Poor Dad I had seen that book everywhere for a long time before I finally gave it a read. Thought it was going to be cheesy and juvenile but and was surprised I actually liked it I think Ive read about 7 of the books in that "series".
To me "financially secure" means having multiple sources of income including passive income. Most people only think about making money through working and making money only when they're working.
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One of the few books on finance that I've yet to read. Somebody mentioned Rich Dad Poor Dad I had seen that book everywhere for a long time before I finally gave it a read. Thought it was going to be cheesy and juvenile but and was surprised I actually liked it I think Ive read about 7 of the books in that "series".
To me "financially secure" means having multiple sources of income including passive income. Most people only think about making money through working and making money only when they're working.
hahahahah so you have read most of them, please tell me how you find time to read all these books bearing in mind the amount of people you are supposed to have met.
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hahahahah so you have read most of them, please tell me how you find time to read all these books bearing in mind the amount of people you are supposed to have met.
just following me from thread to thread trolling and trying to ruin everybody's threads with your pathetic shit.
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Millionaire next door is an excellent book.
Also Rich Dad Poor Dad. Biggest thing I took away from that book is pay yourself first.
What is the concept of pay yourself first?
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hahahahah so you have read most of them, please tell me how you find time to read all these books bearing in mind the amount of people you are supposed to have met.
Cut the man some slack now and then brah.
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rich dad poor dads wife
bet all she ever eat is hay
(http://www.richdad.com/MediaLibrary/RichDad/Images/about/kim-kiyosaki-smiling.jpg)
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Cut the man some slack now and then brah.
I think you're right, I'm even boring myself now.
It looks like no matter how many people pull him on his bullshit hes just going to keep spewing it.
I will leave him alone from now on.
If only we had an ignore function.
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If only we had an ignore function.
you said it
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I've secured my financial security
I can retire when I'm fifty debt free
With a decent income
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What is the concept of pay yourself first?
Listen to David Bach's "Automatic Millionaire" audiobook for free on Youtube.
Great stuff, basically he wants you to automate your saving and automate your monthly bills. If you invest heavily (10-20% of your gross income) in pre-tax retirement funds (aka before the gov't gets your money) then you have "paid yourself first" and will likely retire with in excess of 1 million dollars depending on when you start saving and investing. It's a pretty much idiot-proof plan.
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What is the concept of pay yourself first?
Basically means tuck away some money into savings or investment for you before paying all your money out to bills.
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I've secured my financial security
I can retire when I'm fifty debt free
With a decent income
are you sharing joons trust fund? ;D
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Basically means tuck away some money into savings or investment for you before paying all your money out to bills.
Don't forget that it needs to be tax-deferred to help it grow to it's highest possible dollar amount.
Also, putting 10% of your income in a savings account won't do it. Gotta be in something that will earn you 10% or more.
Compound interest.
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basically it means that if you saved money from the age of 5 when you started working, you will eventually be rich.
problem is most people who pick up on that have a low paying job and are middle age.
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basically it means that if you saved money from the age of 5 when you started working, you will eventually be rich.
problem is most people who pick up on that have a low paying job and are middle age.
True.
Poverty breeds poverty. If your parents were shitty with money you will likely grow up to be shitty with money.
By the time you figure out how the game works it's often too late.
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I've secured my financial security
I can retire when I'm fifty debt free
With a decent income
That sound very nice.
In my case I invested some of the sale of the equity of my business 2 years ago in an annuity which starts when I'm 60. It is a fairly considerable sum but not excessive. I also bought 5 flats which will be rented out but I cant be bothered yet. I bought a new house for cash last year that is worth just under $2 million. Because of the rise in gin and whiskey production in Scotland over the past 2 years the minority share I still hold in my former company is generating more dividends that when I owned all 100% of the equity. This past tax year my dividend was over $200k and I will be able to sell my minority shareholding at the end of the 5 year earn out period for around $5 million which is triple what I expected when I did the deal. I must admit I bought a brand new S class Mercedes 2 weeks ago to replace the noisy Maserati I bought a while back but other than that I save 80% of what I'm currently earning.
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So many of the people I know my age have the appearance of money due to inheritance. Guys that were in the same profession as me are sending two kids to 40K a year colleges bragging how their kids won't have a penny of debt. I often wondered how they saved up 320K for college? Then the truth revelation came. When people get into their 50's it's not uncommon for parents to die and to leave a paid off house to their kids and often other sources of income like savings/life insurance. I didn't have that luxury or my wife. I have often seen 50 something guys buying really nice cars and paying for 100k weddings like it was nothing but the source of their income is obvious. You do not make 120k a year and have 300 k or more in the bank for college and another 100K plus for weddings while paying your own mortgage. Regarding me the zero inheritance guy, lol, I can live okay till I die which could be tomorrow without working if need be. I might have to sell my big house and down size at some point but that's okay.
Morale to the story. Invest in a deferred compensation type account early invested in a safe diverse manner. Have two sets of elderly parents meaning yours and your wife that have mortgage free houses.
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What is the concept of pay yourself first?
I know it's been answered, but a specific example would be not paying a mortgage down early to save interest, but taking that money and investing it.
Instead of paying the bank, you pay yourself.
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Millionaire next door is an excellent book.
Also Rich Dad Poor Dad. Biggest thing I took away from that book is pay yourself first.
Which is what I've been doing for the last 30 years. All of these "get rich" books are really about basic common sense. Unfortunately, common sense has become a rarity. The majority go through most their lives working menial jobs and never acquire a valuable set of skills.
Besides having no valuable skills, poor people routinely make very poor choices that negatively impact their finances. Having children (and raising them properly) is VERY expensive. The more kids you have, the poorer you will be. Again... common sense.
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So many of the people I know my age have the appearance of money due to inheritance. Guys that were in the same profession as me are sending two kids to 40K a year colleges bragging how their kids won't have a penny of debt. I often wondered how they saved up 320K for college? Then the truth revelation came. When people get into their 50's it's not uncommon for parents to die and to leave a paid off house to their kids and often other sources of income like savings/life insurance. I didn't have that luxury or my wife. I have often seen 50 something guys buying really nice cars and paying for 100k weddings like it was nothing but the source of their income is obvious. You do not make 120k a year and have 300 k or more in the bank for college and another 100K plus for weddings while paying your own mortgage. Regarding me the zero inheritance guy, lol, I can live okay till I die which could be tomorrow without working if need be. I might have to sell my big house and down size at some point but that's okay.
Morale to the story. Invest in a deferred compensation type account early invested in a safe diverse manner. Have two sets of elderly parents meaning yours and your wife that have mortgage free houses.
The book adresses something rather similar. The Economic Outpatient Care, aka people getting benefits from their wealthy parents.
I'm in my late 20's, so I haven't experienced what you mention about inheritance. Instead, I see all the time people of my age trying to live as the upper class with their parent's money. The problem is that the parents are not financially secure, but high income earners. As soon as they retire they will stop making that much money, and who's gonna pay for the luxury items of their adult children?
My dad offered to pay my rent. No thanks dad. That's not how I roll. :)
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I spend it as soon as I make it. Delayed gratification is no way to go through life. If things get bad the government will just take it from the savers and redistribute it to me.
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I spend it as soon as I make it. Delayed gratification is no way to go through life. If things get bad the government will just take it from the savers and redistribute it to me.
Eventually, this is what will happen. I do not have a 401k or an IRA. Doesn't make any sense to me to let the government have 100% control of your money.
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aside from my main employment i have an income of around £1250($1600) after mortgage payments per month in rental income on 2 apartments i own. plus quite a healthy amount of equity in these as well.
kick myself for selling 2 other properties for a smallish cash gain around 7 or 8 years ago which if I had have had held onto would now have way more than double the rental income and a ton more equity. wouldn't say i was financially secure going on the definition set out in the OP. but hopefully on the way to being.
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What I don't understand is that if the people that write these get rich books are making so much money then why are they needing to write books to sell to people who are mainly lazy folk in order to make income ?
It's like these guys on the infomercials who ask for folk to buy their real estate books to make themselves rich. If these c.unts are so rich why don't they go and have fun with their money instead of spending their lives selling shit to the gullible ?
Or the c.unts who phone you up and tell you about investments which guarantee you a 20% return ? Well why don't you borrow at 7% from a bank and buy the fuckin investment yourself and make 13% for nothing instead of phoning me to talk shit ? Yet gullible fools will take them up on it every day.
Stupid+lazy+greedy = victim and there's a thousand born every minute.
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aside from my main employment i have an income of around £1250($1600) after mortgage payments per month in rental income on 2 apartments i own. plus quite a healthy amount of equity in these as well.
What tax rate do you pay on your rental income ? Is the new stamp duty second property tax affecting you? It's a c.unt up here in Scotland thanks to the wee whore Nicola Sturgeon making it double the rate for England. Cost me over £100k tax to buy my house in November. Fortunately I already owned my flats or I would be paying 12.5% of the purchase price of each one over to Nicola cuntface.
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As a three board mod on GB I am very well off financially 8)
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What tax rate do you pay on your rental income ? Is the new stamp duty second property tax affecting you? It's a c.unt up here in Scotland thanks to the wee whore Nicola Sturgeon making it double the rate for England. Cost me over £100k tax to buy my house in November. Fortunately I already owned my flats or I would be paying 12.5% of the purchase price of each one over to Nicola cuntface.
not really sure what tax band. i leave it all to my accountant and just pay whatever the bill comes out at each year, my personal tax bill includes income from a business too . he is pretty good TBF if i tried to do my own tax returns pretty certain i would be paying considerably more.
both the rental properties i own have had for 10 yrs + so not affected by new stamp duty rates on BTLs. as i said previously really pssed out off i sold a couple properties years ago. one was a one bed flat in london n7 which is probably worth around 450k (maybe more) now and only had around a 145k mortgage on it . rental would prob be around £1300-1400 pcm now.
hindsight is a wonderful thing though i suppose.
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aside from my main employment i have an income of around £1250($1600) after mortgage payments per month in rental income on 2 apartments i own. plus quite a healthy amount of equity in these as well.
kick myself for selling 2 other properties for a smallish cash gain around 7 or 8 years ago which if I had have had held onto would now have way more than double the rental income and a ton more equity. wouldn't say i was financially secure going on the definition set out in the OP. but hopefully on the way to being.
Hey that sounds great! Congratulations.
Being financially secure means you can live off your investments, no need to worry if you lose your job. $1600 a month as a side income is awesome, if you can live off that I'd say you are already financially secure. :)
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What I don't understand is that if the people that write these get rich books are making so much money then why are they needing to write books to sell to people who are mainly lazy folk in order to make income ?
It's like these guys on the infomercials who ask for folk to buy their real estate books to make themselves rich. If these c.unts are so rich why don't they go and have fun with their money instead of spending their lives selling shit to the gullible ?
Or the c.unts who phone you up and tell you about investments which guarantee you a 20% return ? Well why don't you borrow at 7% from a bank and buy the fuckin investment yourself and make 13% for nothing instead of phoning me to talk shit ? Yet gullible fools will take them up on it every day.
Stupid+lazy+greedy = victim and there's a thousand born every minute.
There are a lot of scammers out there, that's for sure. But the book "The millionaire next door" was written by people who "studied" the rich for 20 years.
They basically tell you the habits of the rich. They're not trying to sell you a get rich fast scheme.
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Hey that sounds great! Congratulations.
Being financially secure means you can live off your investments, no need to worry if you lose your job. $1600 a month as a side income is awesome, if you can live off that I'd say you are already financially secure. :)
Nah no way I could live off that currently. Have a family of four to support and we tend to spend quite a lot yearly on holidays. Cost of living is also pretty high in London.
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I basically live month to month. :-[
I keep playing the lottery though. Hopefully one day, my luck will take a turn for the better. 8)
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I am dead poor but next week I am getting my new shiny Skoda Octavia 1.4 tsi company car. So eat that you 401k bitches!!
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The only way to be financially secure is to earn a shot ton of money and not spend it all. That whole "tuna sandwich for lunch" and "hot dogs for dinner" man turned millionaire at 80 is for the birds! Good luck with that shit if you don't want to be completely socially ostracized! The whole thing is a damn cope/jealous mechanism. We've heard it all before: "I know a rich lawyer; he's got all the toys and a McMansion but he's in debt up to his ears!" and "it's not how much you earn but how how much you save." Yeah, good luck trying to save on five or low six figures in any major city with kids and a home. All ya gotta do is live with one light bulb and skimp on that Starbucks or bodega coffee or bagel with cream cheese every morning and you'll retire a millionaire! Lmao!
Coach has made similar cope posts about Rich Panini in which he states Rich's brand will one day die out because he caters to a low-class, young niche, as if Rich likely doesn't have enough money or various sources of income.
All copes to make middle class little guys feel good about being Ebenezer Scrooge!
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The only way to be financially secure is to earn a shot ton of money and not spend it all. That whole "tuna sandwich for lunch" and "hot dogs for dinner" man turned millionaire at 80 is for the birds! Good luck with that shit if you don't want to be completely socially ostracized! The whole thing is a damn cope/jealous mechanism. We've heard it all before: "I know a rich lawyer; he's got all the toys and a McMansion but he's in debt up to his ears!" and "it's not how much you earn but how how much you save." Yeah, good luck trying to save on five or low six figures in any major city with kids and a home. All ya gotta do is live with one light bulb and skimp on that Starbucks or bodega coffee or bagel with cream cheese every morning and you'll retire a millionaire! Lmao!
Coach has made similar cope posts about Rich Panini in which he states Rich's brand will one day die out because he caters to a low-class, young niche, as if Rich likely doesn't have enough money or various sources of income.
All copes to make middle class little guys feel good about being Ebenezer Scrooge!
BS. It's not about envy, it's about not having to worry about money.
You're right about something thou. Not everyone can do it. You need an above average income, and you need to live frugally.
You also need to be smart enough to invest your money wisely. I've known several people who take loans and don't use the money, it's like saving they say. Wtf, they pay 11% of interests a year on that loan haha.
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i recommend investing in property abroad if you are in the UK
it can be a pain in the ass if you don't have decent local management over there
but the bang for your buck in holiday rentals in the right areas is worth the hassle
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Everyone in this thread is saying, "Invest and get 10% return." How, does one accomplish this if you don't have any money left each month to invest? How are we supposed to ever get ahead? ???
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Everyone in this thread is saying, "Invest and get 10% return." How, does one accomplish this if you don't have any money left each month to invest? How are we supposed to ever get ahead? ???
See my previous post. I don't think everyone can do it.
1. You need an above average income. That alone is hard to get.
2. Then you need to be frugal, this implies being very disciplined, making a budget, writing down all your expenses.
3. Finally, you need a plan. Investing your money is not as easy as some people think.
I follow a guy on social media. He wrote a book about this, he is a very knowledgeable person, and he also holds a PhD in Mathematics. But when he says that anyone can do it... I cringe.
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Millionaire next door is an excellent book.
Also Rich Dad Poor Dad. Biggest thing I took away from that book is pay yourself first.
Cool. I needbto read Rich Dad Poor Dad.
I was reading The Cashflow Quadrant until I realized it was a continuation of Rich Dad Poor Dad lol. I stopped reading it since I want to read them in order.
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Cool. I needbto read Rich Dad Poor Dad.
I was reading The Cashflow Quadrant until I realized it was a continuation of Rich Dad Poor Dad lol. I stopped reading it since I want to read them in order.
The irony: Kiyosaki's dad wasn't poor.
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I am dead poor but next week I am getting being temporarily loaned my someone else's new shiny Skoda Octavia 1.4 tsi company car for as long as I work for my current employer. Once leaving them I will have to purchase my own car. So eat that you 401k bitches!!
Sorry to put the knife in dude, but keep it real.... :-*
Everyone in this thread is saying, "Invest and get 10% return." How, does one accomplish this if you don't have any money left each month to invest? How are we supposed to ever get ahead? ???
You can't. Luck and opportunity play a huge part along with ability (the part which is down to you), and I hate it when people pretend otherwise.
Fortunately for me, I sort of accidentally ended up in a lucrative career (selling mil-spec electronics) early on (my 20s) which kind of set me up in life. This gave me the opportunity to change careers and I now do something so completely different to that - by choice - that it is ludicrous.
Further to this, I am an orphan, so none of this inheritance business counts. And as I've said elsewhere on the board, I have 6 kids (5 over 16) which of course I have totally funded since birth. Despite this, at this moment in time I literally owe not one penny to anyone - this can be done if you decide to use bank accounts with no overdrafts and do not use credit cards or loans. I haven't loaned a penny in over 20 years (apart from mortgage which was settled long ago)
I am no BIG AL MCKECHNIE by any means - he appear to win this 'competition' - but I could possibly scrape by from this point if I had to - but where's the fun in that??? ;D
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Sorry to put the knife in dude, but keep it real.... :-*
You can't. Luck and opportunity play a huge part along with ability (the part which is down to you), and I hate it when people pretend otherwise.
Fortunately for me, I sort of accidentally ended up in a lucrative career (selling mil-spec electronics) early on (my 20s) which kind of set me up in life. This gave me the opportunity to change careers and I now do something so completely different to that - by choice - that it is ludicrous.
Further to this, I am an orphan, so none of this inheritance business counts. And as I've said elsewhere on the board, I have 6 kids (5 over 16) which of course I have totally funded since birth. Despite this, at this moment in time I literally owe not one penny to anyone - this can be done if you decide to use bank accounts with no overdrafts and do not use credit cards or loans. I haven't loaned a penny in over 20 years (apart from mortgage which was settled long ago)
I am no BIG AL MCKECHNIE by any means - he appear to win this 'competition' - but I could possibly scrape by from this point if I had to - but where's the fun in that??? ;D
FFS thats why I stated COMPANY CAR so everybody understands it is just supplied by my employer you queen. I knew the Skoda Octavia can bring out the eny in people but wow I quess you are jealous beond repair of this sweet ride.
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I'm financially okay for about 5 years, beyond that without any additional income would be hard. I need to continue investing and saving to get that up to 20 years then retired. Hopefully I can do that in the next 4-5 years.
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FFS thats why I stated COMPANY CAR so everybody understands it is just supplied by my employer you queen. I knew the Skoda Octavia can bring out the eny in people but wow I quess you are jealous beond repair of this sweet ride.
True dat 8)
(http://cdn2.autoexpress.co.uk/sites/autoexpressuk/files/styles/article_main_image/public/skoda-octavia-1-front-cornering.jpg?itok=Fc36kmRk)
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See my previous post. I don't think everyone can do it.
1. You need an above average income. That alone is hard to get.
2. Then you need to be frugal, this implies being very disciplined, making a budget, writing down all your expenses.
3. Finally, you need a plan. Investing your money is not as easy as some people think.
I follow a guy on social media. He wrote a book about this, he is a very knowledgeable person, and he also holds a PhD in Mathematics. But when he says that anyone can do it... I cringe.
:(
I guess I'll be poor forever. Sigh....
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True dat 8)
(http://cdn2.autoexpress.co.uk/sites/autoexpressuk/files/styles/article_main_image/public/skoda-octavia-1-front-cornering.jpg?itok=Fc36kmRk)
Thats the "old" version. Below the version my employer wil BORROW me
(https://s16.postimg.org/fmmhegnp1/skoda-octavia-combi-2017_1.jpg)
(https://s4.postimg.org/klyqdsxl9/skoda-octavia-combi-2017.jpg)
I will post a pic when I GET the car end of next week.
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Thats the "old" version. Below the version my employer wil BORROW me
(https://s16.postimg.org/fmmhegnp1/skoda-octavia-combi-2017_1.jpg)
(https://s4.postimg.org/klyqdsxl9/skoda-octavia-combi-2017.jpg)
I will post a pic when I GET the car end of next week.
Lend
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Lend
Haha jep. Its just a company car. No job = take the bus :D
I dont own shit exept a toyota aygo 8)
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Haha jep. Its just a company car. No job = take the bus :D
I dont own shit exept a toyota aygo 8)
No worries. It looks like a really nice car. I don't like spending money on cars, personally, so if you get one lent by the company, more power to you.
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I think you're right, I'm even boring myself now.
It looks like no matter how many people pull him on his bullshit hes just going to keep spewing it.
I will leave him alone from now on.
If only we had an ignore function.
No no dont stop because the interaction is entertaining just dont fun him off the board.
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Everyone in this thread is saying, "Invest and get 10% return." How, does one accomplish this if you don't have any money left each month to invest? How are we supposed to ever get ahead? ???
How were you able to register as a member on Getbig if you were not able to show millions in Dubai real estate holdings to the mods?
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No worries. It looks like a really nice car. I don't like spending money on cars, personally, so if you get one lent by the company, more power to you.
Thanx brah
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No worries. It looks like a really nice car. I don't like spending money on cars, personally, so if you get one lent by the company, more power to you.
Yeah, absolutely agree - I was just feeling bitchy (it's passed) - Skoda's are good cars, especially when they're free 8)
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Cool. I needbto read Rich Dad Poor Dad.
You really don't.
My Dad gave me that book to read. Ugh. It's the usual pep talk about how anyone can do it if they invest early and often and don't fritter their money on useless crap purchased on credit. This is fluffed out for however many pages.
There. You just read the book. Except for the extremely Getbig into, where he frames how his dad was a poor saver but some other dude who learned him to be a good saver was a good saver, which he decided to state succinctly as "I had two dads." I wonder if his editor was like, uh, Bob, that can be kinda interpreted, you know?
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It just depends...... I have thought about posting music videos for money.
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How were you able to register as a member on Getbig if you were not able to show millions in Dubai real estate holdings to the mods?
I bribed Ron with a bowl of extra sticky Sesame Chicken.
:D
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I bribed Ron with a bowl of extra sticky Sesame Chicken.
:D
It's orange chicken, you fucking moron. You disgrace this website.
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It's orange chicken, you fucking moron. You disgrace this website.
Fuck off fatso, I'm switching it up.
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Fuck off fatso, I'm switching it up.
May I suggest chicken wings, or are you too lazy to avoid the bones?
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I'm such a retard with money I have no idea what you guys are talking about. Im in my early 30s and have a decent income no kids yet. Where's a good place to start? I need to learn how to invest a little bit of money each month. I don't have much debt.
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Im in my early 30s and have a decent income no kids yet. Where's a good place to start?
A vagina, traditionally.
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You really don't.
My Dad gave me that book to read. Ugh. It's the usual pep talk about how anyone can do it if they invest early and often and don't fritter their money on useless crap purchased on credit. This is fluffed out for however many pages.
There. You just read the book. Except for the extremely Getbig into, where he frames how his dad was a poor saver but some other dude who learned him to be a good saver was a good saver, which he decided to state succinctly as "I had two dads." I wonder if his editor was like, uh, Bob, that can be kinda interpreted, you know?
Much of what Kiyosaki says is irresponsible, impossible, or illegal. And his biological dad was not poor.
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Quote from: spiro on Today at 02:25:04 AM
Im in my early 30s and have a decent income no kids yet. Where's a good place to start?
A vagina, traditionally.
(http://media.giphy.com/media/un1anI14zZx1S/giphy.gif)
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Yeah, absolutely agree - I was just feeling bitchy (it's passed) - Skoda's are good cars, especially when they're free 8)
Lol brah I dont mind anything you said! This whole skoda thing this is part of the gimmick. Its not serious or real life 8)
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Good choice you can pick them up for peanuts
Lot of car for the money
Wheels are shit though
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Far from it and never will be.
Main goal is to get to a point where I can work for myself again but not full tick maybe do one (week long) job a month or so. Got our first house cheap with right to buy scheme and payed a decent deposit along with the discount and now rent it out and the rental income pays mortgage on that property plus current mortgage minus £25. Hope to clear current mortgage in 3-4 years then hopefully move back to self employment. Don't need much to live as long as roof over head and food on table things couldn't be better.
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Far from it and never will be.
Main goal is to get to a point where I can work for myself again but not full tick maybe do one (week long) job a month or so. Got our first house cheap with right to buy scheme and payed a decent deposit along with the discount and now rent it out and the rental income pays mortgage on that property plus current mortgage minus £25. Hope to clear current mortgage in 3-4 years then hopefully move back to self employment. Don't need much to live as long as roof over head and food on table things couldn't be better.
Clear mortage in 3 to 4 yeas?
For me 30 to 40 years lol
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Clear mortage in 3 to 4 yeas?
For me 30 to 40 years lol
I got my house very cheap as it needed (still needs) a shitload of work and also the occupants had died and their son just wanted rid of it as quickly as possible so I got it for £60,000 less that the same house down the steet had just sold for, so mortgage is quite small. Will have to work quite a bit of overtime to achieve this, we have a very busy few years ahead at work with 4 large new machine installs so fingers crossed it should come together nicely.
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I got my house very cheap as it needed (still needs) a shitload of work and also the occupants had died and their son just wanted rid of it as quickly as possible so I got it for £60,000 less that the same house down the steet had just sold for, so mortgage is quite small. Will have to work quite a bit of overtime to achieve this, we have a very busy few years ahead at work with 4 large new machine installs so fingers crossed it should come together nicely.
Henda, would love to move in with you and your family.
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Much easier to become financially secure in The United States versus Europe.
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Henda, would love to move in with you and your family.
Any time mate, I'd happily make wor lass sit on the floor so you can lie comfortably on the other couch
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Maybe we can have a big Getbig sleepover at Henda's house. I can bring my own sleeping bag.
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Except for the extremely Getbig into, where he frames how his dad was a poor saver but some other dude who learned him to be a good saver was a good saver, which he decided to state succinctly as "I had two dads." I wonder if his editor was like, uh, Bob, that can be kinda interpreted, you know?
;D ;D ;D
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Much easier to become financially secure in The United States versus Europe.
What makes you say that?
For me the US feels much more segregated than everything than the UK, including financial mobility.
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I'm financially secure. Not because I have savings or shares of stock but I have some great investments and my online businesses give me residual income. When you can make money without physical work is when you can say you're secure
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I'm good. I'll be 55 in Aug. on track to retire comfortably with a good income by 58. Not bad for a glorified tire flipper but I see no need to retire until I die. Retirement doesn't make sense to me.
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I bought it brand new but got a huge discount from the $100k price. You can get a 2 year old low mileage for around $70k which is not much more than I paid for new as they are bringing out a new engine in October and were trying to shift the current stock.
I actually chose these wheels you cheeky fellow ! It's an AMG pack version which has 20's as standard with ultra low profile tyres but I told them to fit the 19's with 45 profile tyres for a better ride and less chance of tyre splitting from the shit country road potholes we have around here.
For a bit more speed I still have my CLS and SLK although the Maserati was traded in for the S class. To be honest I still prefer pottering around in my kid's mini :D
the wheels look better from a distance
nice house plenty of space
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Far from it and never will be.
Main goal is to get to a point where I can work for myself again but not full tick maybe do one (week long) job a month or so. Got our first house cheap with right to buy scheme and payed a decent deposit along with the discount and now rent it out and the rental income pays mortgage on that property plus current mortgage minus £25. Hope to clear current mortgage in 3-4 years then hopefully move back to self employment. Don't need much to live as long as roof over head and food on table things couldn't be better.
Sounds like a good position to be in buddy, nice one.
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Sounds like a good position to be in buddy, nice one.
Thanks mate, I know it's not much and far from being well off but is more than enough to keep me happy mate
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I was one of the most senior employees at a certain company which had an Employee Stock Purchase plan, in which I invested four percent of my paychecks for the better time I was there. By the time I parted ways with them, I had about a thousand shares. I dumped them about four years ago and got six figures back.
A job that leaves me with several hundred dollars a month in supplemental income, no debt and a good chunk of that money in my savings. Life and God are good.
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I agree with Coach in the sense that I will probably never fully retire. As long as I am physically and mentally healthy, I will keep working. I am not too sure in what capacity, but I will still try to keep on working.
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Any time mate, I'd happily make wor lass sit on the floor so you can lie comfortably on the other couch
Thank you. Would love to invite Goodrum over too.
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Maybe we can have a big Getbig sleepover at Henda's house. I can bring my own sleeping bag.
Who would you share your sleeping bag with?
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I bought it brand new but got a huge discount from the $100k price. You can get a 2 year old low mileage for around $70k which is not much more than I paid for new as they are bringing out a new engine in October and were trying to shift the current stock.
I actually chose these wheels you cheeky fellow ! It's an AMG pack version which has 20's as standard with ultra low profile tyres but I told them to fit the 19's with 45 profile tyres for a better ride and less chance of tyre splitting from the shit country road potholes we have around here.
For a bit more speed I still have my CLS and SLK although the Maserati was traded in for the S class. To be honest I still prefer pottering around in my kid's mini :D
Racist pig!
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This is the sort of car a middle aged getbigger drives.
Dirtbag!!!!
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I got my house very cheap as it needed (still needs) a shitload of work and also the occupants had died and their son just wanted rid of it as quickly as possible so I got it for £60,000 less that the same house down the steet had just sold for, so mortgage is quite small. Will have to work quite a bit of overtime to achieve this, we have a very busy few years ahead at work with 4 large new machine installs so fingers crossed it should come together nicely.
Good for you brah. I am sure you wil reach your goal.
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Maybe we can have a big Getbig sleepover at Henda's house. I can bring my own sleeping bag.
Thank you. Would love to invite Goodrum over too.
Yes !
We could hang out in the garage lifting weight followed by drinking and playing darts while listening to dance music from early 2000's and late 90s
Good for you brah. I am sure you wil reach your goal.
Thanks mate
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Yes !
We could hang out in the garage lifting weight followed by drinking and playing darts while listening to dance music from early 2000's and late 90s
Am I invited?
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Am I invited?
Haha I'd be ok with that but sf maybe not so much, in all serious despite the shit we say on here I'd meet just about anyone for a drink if they in the area, but definitely not tbomz or pillow talk
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Yes !
We could hang out in the garage lifting weight followed by drinking and playing darts while listening to dance music from early 2000's and late 90s
Thanks mate
bass generator!
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Haha I'd be ok with that but sf maybe not so much, in all serious despite the shit we say on here I'd meet just about anyone for a drink if they in the area, but definitely not tbomz or pillow talk
lol ha, I'd be okay with that. As you said, I'd meet just about anyone on getbig. However, I would require that Shizzo sit at least 3 feet away from me.
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lol ha, I'd be okay with that. As you said, I'd meet just about anyone on getbig. However, I would require that Shizzo sit at least 3 feet away from me.
Why?
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Sorry, but it has gotten to the point where I have to celebrate other people's 100 post threads.
These are tough times ;D
(https://i.ytimg.com/vi/AEmPk7uAQ34/maxresdefault.jpg)
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Yes !
We could hang out in the garage lifting weight followed by drinking and playing darts while listening to dance music from early 2000's and late 90s
Thanks mate
Goodrum can share a bed with you. :D :D :D
Can you imagine sharing a bed with the owner of Caliber Fitness Solutions.
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Goodrum can share a bed with you. :D :D :D
Can you imagine sharing a bed with the owner of Caliber Fitness Solutions.
Yes !!!
My bed is quite wide and can easily sleep 3, you are more than welcome to share this fantastic once in a lifetime privalige if you desire !!
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Yes !!!
My bed is quite wide and can easily sleep 3, you are more than welcome to share this fantastic once in a lifetime privalige if you desire !!
Hahaha lol, you and Vince can spoon.
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I feel left out. :'(
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I might also add that a big part of the reason for my financial security is due to my not being married with kids. I assume the same can be said for others here.
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I might also add that a big part of the reason for my financial security is due to my not being married with kids. I assume the same can be said for others here.
This is huge. Very underrated.
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I might also add that a big part of the reason for my financial security is due to my not being married with kids. I assume the same can be said for others here.
Very good. I've been espousing this here for 10 years.
I'm semi-retired at 51. I have no pension, inheritance, or lottery winnings. Frugal living helps, but it's mainly due to never being married or having kids.
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Imagine spooning with the owner of Caliber Fatness Solutions.
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I'm such a retard with money I have no idea what you guys are talking about. Im in my early 30s and have a decent income no kids yet. Where's a good place to start? I need to learn how to invest a little bit of money each month. I don't have much debt.
Max out your 401(k) plan with your employer. Chances are they match a certain percentage of your contributions, usually around 4%. This, combined with the tax advantages of these investments, make them one of the best options available. The limit for annual contributions to 401(k) is currently $18,000 and the limit for an IRA is $5,500. No need to look at other types of investments until you reach the limits with your contributions
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That last picture I swapped the S class for my CLS AMG. The driveway up to the house is 80 yards long so plenty space for parking. I think the CLS is one of the best designed cars on the road so I'm keeping it till it falls apart.
Usually people with useless expensive cars are the least financially secure with debt up the ass.
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That used to be true in the UK but is less so now because of increased requirements on the finance companies. There are much tighter financial checks that the banks and other lenders have to comply with so getting a $1000 per month lease is not so easy. Most guys I know who have Bentleys and Ferraris and such are old money wealthy. An average Joe would never get the finance for them.
My house that I bought last year was originally sold new in 2008 for £500k more than I paid for it. The previous owners got an interest only mortgage for 10 years or they would never have been able to afford it. Interest only mortgages are no longer available so house prices at the £1 million + level have fallen and some of these owners are in huge negative equity. Great time for a cash buyer to pick up bargains.
Dear BIG AL,
May I please have ten grand? I won't pay you back, but I'll put it to good use.
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That last picture I swapped the S class for my CLS AMG. The driveway up to the house is 80 yards long so plenty space for parking. I think the CLS is one of the best designed cars on the road so I'm keeping it till it falls apart.
That shouldn't take too long :D
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Max out your 401(k) plan with your employer. Chances are they match a certain percentage of your contributions, usually around 4%. This, combined with the tax advantages of these investments, make them one of the best options available. The limit for annual contributions to 401(k) is currently $18,000 and the limit for an IRA is $5,500. No need to look at other types of investments until you reach the limits with your contributions
The fund managers are skimming off 3-5% a year, so say goodbye to your 3-4% company match. Unless you quit your job, the government controls that money until you are 59 1/2. You mistime the market cycle... you're fucked. Hasn't been even a market correction in over 8 years. The market is a huge bubble right now, so is real estate. It's not a good time to be "all-in" the stock market.
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Define "financially secure"
Since I define "fuck you money" as $100mm+, I am not there yet.
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Define "financially secure"
Since I define "fuck you money" as $100mm+, I am not there yet.
;D
I love that term, because it's so true.
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Max out your 401(k) plan with your employer. Chances are they match a certain percentage of your contributions, usually around 4%. This, combined with the tax advantages of these investments, make them one of the best options available. The limit for annual contributions to 401(k) is currently $18,000 and the limit for an IRA is $5,500. No need to look at other types of investments until you reach the limits with your contributions
So the 401k and IRAs bother me a bit because it's basically useless money till your 60. I don't want to wait till I'm 60 to have access. I put very minimal money into my IRA per year, and just a moderate percentage to company 401. Most of my money goes into independent mutual funds that I own, which average 9-10 percent return. Own a house, as well. I just like knowing I can pull out 20k of my mutual funds when I need it to make another investment or buy a car if I want. Not sure if my logic is sound here, but that's how I have been looking at it.
I also decided to partake in bitcoin now. Invested about 3k into it so far and a few hundred into Ethereum (basically clueless as to what this is, but I'm a moron with this shit)
Also, the wife/kids thing...I would agree with the get biggers above, but...my wife makes a super good living. If it wasn't for her, we would be way less financially secure. Her paycheck is bigger than mine, and she has huge tits
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The fund managers are skimming off 3-5% a year, so say goodbye to your 3-4% company match. Unless you quit your job, the government controls that money until you are 59 1/2. You mistime the market cycle... you're fucked. Hasn't been even a market correction in over 8 years. The market is a huge bubble right now, so is real estate. It's not a good time to be "all-in" the stock market.
Lol no not even close. My expense ratio averages 0.7%.
As to the rest of your post, I'm not sure what your point is. The whole point of a retirement fund is to finance one's retirement so the age limit isn't an issue. Yes there is risk involved in the stock market but that's no different from any other investment strategy.
Not taking advantage of the matching contributions provided by one's employer is leaving money on the table. That, combined with the tax advantages inherent to the 401k plans make them a no-Brainer, especially for those who don't want to spend a lot of time thinking about how to invest their money.
Yes, I know, you think buying & stockpiling gold bullion is the only sound investment strategy. That too has its downsides, but hey if it works for you why not.
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So the 401k and IRAs bother me a bit because it's basically useless money till your 60. I don't want to wait till I'm 60 to have access. I put very minimal money into my IRA per year, and just a moderate percentage to company 401. Most of my money goes into independent mutual funds that I own, which average 9-10 percent return. Own a house, as well. I just like knowing I can pull out 20k of my mutual funds when I need it to make another investment or buy a car if I want. Not sure if my logic is sound here, but that's how I have been looking at it.
That's a fair point. These are retirement funds after all, so yes the money will be mostly tied up until you reach that point. Everybody's needs/goals are different and there's no one-size-fits-all investment plan. I'd suggest contributing at least enough to your 401k to max out your employers matching contribution
My original post was aimed at spiro, who said he wanted to start saving but didn't know where to begin.