Getbig.com: American Bodybuilding, Fitness and Figure
Getbig Main Boards => Gossip & Opinions => Topic started by: Meso_z on April 27, 2013, 02:49:24 AM
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Its not an important amount by any means, but les say a 'noob' in investments, me wants to 'put' those money into something with long term profit.
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Mutual funds, safe and good long term investment. Compound interest is your friend.
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"index funds"
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Buy an existing business or buy into partial ownership of a business. I put 20k into a pest control company that went from a mere 110 clients which has now climbed to over 500. I get a nice little check every year. Easiest business ever, when i actually did the work, i'd get around 80$ for 15 minutes of work. Buy into a cleaning business that has a Hazmat license....BIG money there.
So....yes to business
No to precious metals
Yes to real estate
No to stocks.....unless you have a wealth of knowledge on the subject.
No to collectibles
No to ammunition and firearms.....right now.
Yes to renovations....if you have the right guy at the right price.
No to savings bonds and money markets....you cant pace the inflation rate.
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Yes stay away from gold and precious metals. Real estate is good too but takes a little more work a d knowledge. I like mutual funds.
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Thank you guys. Im waiting for other inputs as well..
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Fidelity Magelland
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A freezer or in the ground, banks are going down around the clock.
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Guitars.
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Muscletech supplements.
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Muscletech supplements.
Solid investment considering the gullibility of the general public.
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Karat bars ::)
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peer to peer lending http://www.prosper.com
take less % but less risk many people are doing this, small and big amounts, you can spread the risk too, overtime you can avg 9+% no need to be involved in mom and pop business garbage or waiting years for markets to turn around
many people say "real estate" anything you ask about investment they reply "real estate", yeah it sounds cool but the downsides are huge.
the only exception is, if you have ungodly amounts of money and your goal is 20+ years and you know you wont need the money you invest, invest in real estate or whatever else, everyone else should shove their ego up their ass and not invest in real estate or real estate will shove something else up yours
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Its not an important amount by any means, but les say a 'noob' in investments, me wants to 'put' those money into something with long term profit.
Guns.
peer to peer lending http://www.prosper.com
Anyone try this? I thought it was a scam ???
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Its not an important amount by any means, but les say a 'noob' in investments, me wants to 'put' those money into something with long term profit.
Sponsoring a young upcoming bodybuilder ( Jason Genova...... ) is the way to go , Kai Green went from homeless to millionaire in less than 2 years , I hope this helps .
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Most basic one - buy a gun, a flashlight and silver coins.
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Kohl....cheap department store, cheap gimmick.
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buy a good watch
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::)
Old nerd. Paying 450$ for a benz with a six figure salary isn't going to do shit to your retirement vs playing 350$ a month for an accord. the benz is a booty call purchase. a negro has to have some fun while putting away for 65. ::)
Currently Browsing: net worth
The Golden Rule of personal finance …
POSTED BY ADRIAN IN NET WORTH ON APR 18TH, 2013 | 11 RESPONSES
If you find yourself asking a personal finance question like this one, this post will give you all the tools that you need to answer it for yourself:
I am in my early 20s, earning between $110-180k/yr depending on my bonus. Would it be inappropriate for me to drive a $50k Mercedes Benz?
Most people would deal with this by saying things like:
- Can you pay cash for the car?
- If you buy a Merc now, what will you buy next year?
- Save for your own home
- And, so on …
Which are all valid concerns …
… but there is one important question that nobody thinks to ask:
What is your current net financial position (i.e. net worth)?
Yet, this is the most important question to ask!
Why?
Because it’s your Net Worth that sustains you in retirement:
- Before your retire, you earn income
- You save and invest as much of your income as possible to build up your ‘nest egg’ (this is your net Worth on the day that you retire)
- After you retire, you live off the income (e.g. interest, dividends, investment income, etc.) generated by your Net Worth and/or deplete it over time
And, this takes you directly to The Golden Rule of personal finance …
… because, it’s the one financial rule to live by; the one above all others; the one that – if you follow it – will answer all of your financial questions and guarantee your financial future:
Always have 75% of your net worth in investments.
This means: at least until you retire at a time and place of YOUR choosing, that you should always have no more than the remaining 25% of your current net worth (tested yearly) as equity in your own home, car, possessions, etc..
These rules of thumb then follow:
- Have no more than 20% of your current net worth as equity in your own home
- Have no more than the remaining 5% of your current net worth in your other possessions. It is typical to split this 50/50 between your car and your other ‘stuff’.
- This means that you should have no more than 2.5% of your current net worth in your car. I suspect that the reader’s proposed Mercedes would break this rule.
There are a few important things to note, if you’re going to obey The Golden Rule:
1. You can – in fact, should -break the 20% Equity rule for your first house (otherwise, you will never be able to afford to buy one), but don’t upgrade for as long as you will be breaking this rule.
2. You will probably need to borrow money to buy your house (first and/or future home), but don’t spend more than 30% of your take home pay on the mortgage repayments, except – again – for your first house (but, only if you absolutely have to).
3. Never borrow money to buy a depreciating asset (e.g. car) UNLESS it’s required to earn income AND you have no other way of buying one. Even then, obviously buy the cheapest that will do the job, borrow the least, and pay it off early.
4. For a pleasant surprise, test these numbers annually: because your Net Worth will go up each year, yet your car and other ‘stuff’ will depreciate (check eBay). This means, you can actually afford to buy more ‘stuff’ every year or so, if you like, or just save up your ‘spare net worth’ for a couple of years to upgrade your car, etc. when ready.
So, are you following The Golden Rule?
If not, what do you have to change in your life so that you do?
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Lottery tickets!
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This is definitely a smart place to come ask for investment advice. You should maybe solicit advice on raising children too.
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This is definitely a smart place to come ask for investment advice. You should maybe solicit advice on raising children too.
And picking up women. ;D
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i asked many times on getbig how to get rich
dont expect enlightenment
life sucks and then you die
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::)
Old nerd. Paying 450$ for a benz with a six figure salary isn't going to do shit to your retirement vs playing 350$ a month for an accord. the benz is a booty call purchase. a negro has to have some fun while putting away for 65. ::)
Currently Browsing: net worth
The Golden Rule of personal finance …
POSTED BY ADRIAN IN NET WORTH ON APR 18TH, 2013 | 11 RESPONSES
If you find yourself asking a personal finance question like this one, this post will give you all the tools that you need to answer it for yourself:
I am in my early 20s, earning between $110-180k/yr depending on my bonus. Would it be inappropriate for me to drive a $50k Mercedes Benz?
Most people would deal with this by saying things like:
- Can you pay cash for the car?
- If you buy a Merc now, what will you buy next year?
- Save for your own home
- And, so on …
Which are all valid concerns …
… but there is one important question that nobody thinks to ask:
What is your current net financial position (i.e. net worth)?
Yet, this is the most important question to ask!
Why?
Because it’s your Net Worth that sustains you in retirement:
- Before your retire, you earn income
- You save and invest as much of your income as possible to build up your ‘nest egg’ (this is your net Worth on the day that you retire)
- After you retire, you live off the income (e.g. interest, dividends, investment income, etc.) generated by your Net Worth and/or deplete it over time
And, this takes you directly to The Golden Rule of personal finance …
… because, it’s the one financial rule to live by; the one above all others; the one that – if you follow it – will answer all of your financial questions and guarantee your financial future:
Always have 75% of your net worth in investments.
This means: at least until you retire at a time and place of YOUR choosing, that you should always have no more than the remaining 25% of your current net worth (tested yearly) as equity in your own home, car, possessions, etc..
These rules of thumb then follow:
- Have no more than 20% of your current net worth as equity in your own home
- Have no more than the remaining 5% of your current net worth in your other possessions. It is typical to split this 50/50 between your car and your other ‘stuff’.
- This means that you should have no more than 2.5% of your current net worth in your car. I suspect that the reader’s proposed Mercedes would break this rule.
There are a few important things to note, if you’re going to obey The Golden Rule:
1. You can – in fact, should -break the 20% Equity rule for your first house (otherwise, you will never be able to afford to buy one), but don’t upgrade for as long as you will be breaking this rule.
2. You will probably need to borrow money to buy your house (first and/or future home), but don’t spend more than 30% of your take home pay on the mortgage repayments, except – again – for your first house (but, only if you absolutely have to).
3. Never borrow money to buy a depreciating asset (e.g. car) UNLESS it’s required to earn income AND you have no other way of buying one. Even then, obviously buy the cheapest that will do the job, borrow the least, and pay it off early.
4. For a pleasant surprise, test these numbers annually: because your Net Worth will go up each year, yet your car and other ‘stuff’ will depreciate (check eBay). This means, you can actually afford to buy more ‘stuff’ every year or so, if you like, or just save up your ‘spare net worth’ for a couple of years to upgrade your car, etc. when ready.
So, are you following The Golden Rule?
If not, what do you have to change in your life so that you do?
haha aren't you still cutting grass for a living?
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Bro you should buy gold, buy you about 4 ounces that my friend will be a start to securing your financial future, and don't just stop buying after u spend this 10 thousand, continue even buy silver, just think if all those people in Cyprus who weren't elite and couldn't get their money out, just think if they would of had gold at the house instead of all their money being stolen.......gold is the best investment next to oil and coffee.
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Bro you should buy gold, buy you about 4 ounces that my friend will be a start to securing your financial future, and don't just stop buying after u spend this 10 thousand, continue even buy silver, just think if all those people in Cyprus who weren't elite and couldn't get their money out, just think if they would of had gold at the house instead of all their money being stolen.......gold is the best investment next to oil and coffee.
what happened in cyprus
and what wouldnt have happened if they had gold
please explain
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You know what happened in Cyprus, beta test
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You know what happened in Cyprus, beta test
Can people invest in your blood pressure, I've heard its only rising.
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Ask OMR
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Ask OMR
He's know for his solid advices
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You know what happened in Cyprus, beta test
not really
i intentionally block out news and media
it's all brain washing
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Guns and precious metals used to be a good investment. Now the prices are inflated because of panic buying. They are bubbles that are likely to burst soon. Especially with the .gov trying to destroy gold because it interferes with their destruction of the US dollar.
Mutual funds, as long as you don't need the money for about 10 years.
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Especially with the US Gov trying to destroy gold because it interferes with their destruction of the US dollar.
^
This!
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Fuck funds. The managers make all the money. Look around u and see what companies are booming and invest in them. Something everyone one uses or what is hot. ie Michael Kohrs when they became hot. Nike and Pepsi are still good companies. NLY has done really well for me, a REIT with a really high yield. I made some good gains when I bought Apple for $79 a share. Just don't get greedy.
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Best investment is not having a wife and kids. Live frugal life style, and save up for assets that'll generate income.
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Best investment is not having a wife and kids. Live frugal life style, and save up for assets that'll generate income.
I fucking second that 8)
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Best investment is not having a wife and kids.
+1
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I fucking second that 8)
abandoning all hope :(
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You could buy one Maersk stock (roughly 7300 USD) and hold onto it - Maersk is, from a "value investing perspective", quite undervalued. But don't take me word for it, do your own research.
http://finance.yahoo.com/q?s=MAERSK-B.CO
FTE and XOM also look "cheap"...
With that said I think it's a very perilous time to invest in the stock market right now and I'm waiting for a big "correction"...
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What do you mean stay away from gold??
Goldprice dropped recently (exactly as foreseen) and will soon go up again, higher then ever before.
The "big correction" in the US will go hand in hand with the further rise of the goldprice, so buying gold or, even better, buying stocks of gold mining companies is a very good idea.
Gold has done very well lately, but as a long term investment over 20 years or more it is terrible. Mutual funds that earn about what the stock market makes is good. Over last 100 years stock market has consistently done better than gold.
Also like someone said avoid wife and kids. More importantly stay out of debt and buy assets that appreciate not liabilities that depreciate.
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abandoning all hope :(
To stay ahead, you need to think ahead.
But in your situation, try to make the best of it, control over your mind is key.
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ETF's can be a solid investment. So long as it is a good one.
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ETF's can be a solid investment. So long as it is a good one.
same can be said about
stocks
alt currency
stamps
coins
metals
clothing
handbags
sunglasses
books
etc
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Roulette wheel. Lay it down and let it ride....if it's meant to be, it's meant to be
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Roulette wheel. Lay it down and let it ride....if it's meant to be, it's meant to be
Black jack gives you better odds
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same can be said about
stocks
alt currency
stamps
coins
metals
clothing
handbags
sunglasses
books
etc
no shit.
Didn't want him to think all ETFs are equal in case he didn't know what they are.
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::)
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Best investment is not having a wife and kids. Live frugal life style, and save up for assets that'll generate income.
yes, because every single guy out there is a multimillionare.. ::)
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yes, because every single guy out there is a multimillionare.. ::)
ahahah, are you married? got kids?
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yes, because every single guy out there is a multimillionare.. ::)
You don't have to be a millionaire to live a frugal life, and focus on assets versus liabilities. Psychopath brings good advice.
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ahahah, are you married? got kids?
Kids probably cost $10,000 a year conservatively. Hope he didn't fall into that trap before he was ready... :o
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Kids probably cost $10,000 a year conservatively. Hope he didn't fall into that trap before he was ready... :o
Dem dere smart persons' estimates of the cost of raising a child to 18 range from $200-300k, or, $11.1k-16.7k per year. But that presumably includes a variety of first world amenities; one could raise them in Uganda on the cheap I'm sure.
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Dem dere smart persons' estimates of the cost of raising a child to 18 range from $200-300k, or, $11.1k-16.7k per year. But that presumably includes a variety of first world amenities; one could raise them in Uganda on the cheap I'm sure.
;D
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yes, because every single guy out there is a multimillionare.. ::)
You just sounded like a girl that was told by a guy he doesn't believe in marriage hahahaa
So let me break it down for ya, as I see your emotions are taking over and you can't think rational.
If you live in the USA and you get married, there is a good chance you will end up getting divorced, yes, I know, the girl you married or are interested in is different, shes unique, you and her have SO SO much in common, but you don't think tens of millions of men said the same about the women they ended up fighting in court and losing their mind and money over?
A guy that gets married in these days deserves ALL the hell he gets and then some, the reason is the info is out there, it's a guaranteed disaster regardless how one spins it, RARELY enhances ones life.
The old and lonely argument is flawed, concentrate on making money and you will never be old and lonely, you can have nice long term arrangements that you start and stop without gov. intervention.
And please don't start with prenup BS, prenups get thrown out all the time
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You could buy a handful of homes in Detroit for that money. Become a slumlord
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my buddy tricked me into thinking a kid was a good idea
once too late for abortion he confessed he intentionally tricked me into thinking it was a good idea
because he wants me to suffer like him he said
:(
trust me it's horrible the foresight of a kid
and actually having one must be even worse
on suicide watch
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Buy an existing business or buy into partial ownership of a business. I put 20k into a pest control company that went from a mere 110 clients which has now climbed to over 500. I get a nice little check every year.
Did you enter into a Master Limited Partnership?
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You could buy a handful of homes in Detroit for that money. Become a slumlord
what if they dont pay their rent and the building lose value rapidly
not as easy as it sounds
making money is nearly impossible anyway
that's why people need to be stingy to survive
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just post a 10,000 cheque to Nigeria to release the £15 million lottery .
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what if they dont pay their rent and the building lose value rapidly
not as easy as it sounds
making money is nearly impossible anyway
that's why people need to be stingy to survive
hahah you think its a real story lol? its one of those fantasy posts people make
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Think about investing in Jay Cutlers mouth piece business. I'm hearing great things.
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pay someone to make a penis enlargement scam website for you
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one could raise them in Uganda on the cheap I'm sure.
That's actually my game plan. When Mangeni and I are ready to settle down.
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them ugandans are gonna scam you white man
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If you are in america, buy real estate. The prices are low, it's the perfect time to buy.
I just recently bought a little something, I got it at a CHEAP price. It can only go up from here.
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the way to aquire and sustain wealth through the generations is
33% - Fine Art
33% - Land
33% - Precious Metals
currencies come and go but all three of those commodities will survive, will always have value to others, and can be converted into liquid fast.
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if only i knew galineko 7 months ago
my future could have been bright
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the way to aquire and sustain wealth through the generations is
33% - Fine Art
33% - Land
33% - Precious Metals
currencies come and go but all three of those commodities will survive, will always have value to others, and can be converted into liquid fast.
at least 2 of those are contingent upon the buyers ability to recognize a good deal and not overpay from the get-go. Too many people overpay to begin with and if they break even, they are fortunate
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the way to aquire and sustain wealth through the generations is
33% - Fine Art
33% - Land
33% - Precious Metals
currencies come and go but all three of those commodities will survive, will always have value to others, and can be converted into liquid fast.
Yeah u are going to buy alot of that with 3,333 for each.
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Precious metals and fine art are being heavily faked...The Hierarchy are stock piling the real shit.
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Its not an important amount by any means, but les say a 'noob' in investments, me wants to 'put' those money into something with long term profit.
you could invest in gold. It has taken a price hit the last months. But this would probably be a long-term investment.
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I am going to the beach with a metal detector, maybe I'll find some expensive rings or coins. Oh wait that's too much effort I'll just outsource it to a Chinese.
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I am going to the beach with a metal detector, maybe I'll find some expensive rings or coins. Oh wait that's too much effort I'll just outsource yo a Chinese.
lol!
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Yeah u are going to buy alot of that with 3,333 for each.
That's not the point. It's the goal to shoot for to preserve wealth. Use it as a down payment on good property, or a nest egg of metals.
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Hookers and Coke, the short term return is excellent, long term, no so much...