Financially Speaking

[S_Gurad]

What are your goals finacially?</p>

Do you plan on investing in stock, bonds, real estate?</p>

Got an IRA Already?</p>

how do you save money?</p>

I Plan on getting in on the stock market game or the Option market. I've been doin a lot of reading and studying. However, I am not satisfied with my knowledge on investing yet before i set up a brokerage account. I don't Know about real estate but if i end up doing good with my stocks I may go into real estate. I really want to make a hell of a lot of money and retire early because retail jobs n salary based jobs wont cut it from my point of view. Leeching off my moms educational benefits will be over next year when I turn 23. No Dental health or Vision benfits... damn. Graphic-Web Designing alone wont cut it especially with the health issues i have already. I'm steppin it up mayne.</p>

Let me know what yall doin or if yall just lovin life as it is and going wit the flow.</p>

 

[Kid Chocolate]

one word.</p>

</p>

</p>

manwhoring.</p>

 

[S_Gurad]

lol i forgot to put freeloading in there

 

[Денг Гордон]

I'm going to be taking out a large student loan and going into debt.</p>

After college, I don't really care. As long as I make around 40k+ a year, I can live happily. </p>

Of course, anything more than that would be greatly appreciated. </p>

I'm mildly interested in the stock market. Not sure if I would gamble money in it though. My family has done nothing but lose money in the stock market, and lots of it. But obviously some people have their great successes. </p>

 

[TheBeef]

<div class='quotetop'>QUOTE (Kid Chocolate)</div><div class='quotemain'>

one word.</p>

</p>

</p>

manwhoring. </p>

</div></p>

</p>

man whoring is two words....</p>

 

[Kid Chocolate]

man whoring is two words, but manwhoring is one.

 

[TheBeef]

<div class='quotetop'>QUOTE (Kid Chocolate)</div><div class='quotemain'>man whoring is two words, but manwhoring is one.</div></p>

</p>

man whoring is two words....manwhoring is not a word, its just a jumble of letters </p>

 

[Kid Chocolate]

<div class='quotetop'>QUOTE (TheBeef)</div><div class='quotemain'>

<div class='quotetop'>QUOTE (Kid Chocolate)</div><div class='quotemain'>man whoring is two words, but manwhoring is one.</div></p>

</p>

man whoring is two words....manwhoring is not a word, its just a jumble of letters </p>

</div></p>

</p>

As much as I'd like to think someone named "TheBeef" would be right on a matter like this, it's a portmanteau word. </p>

 

[Denny Crane]

The Beef is two words...</p>

</p>

 

[Petey]

<div class='quotetop'>QUOTE (BG7 Lavigne)</div><div class='quotemain'>

I'm going to be taking out a large student loan and going into debt.</p>

After college, I don't really care. As long as I make around 40k+ a year, I can live happily. </p>

Of course, anything more than that would be greatly appreciated. </p>

I'm mildly interested in the stock market. Not sure if I would gamble money in it though. My family has done nothing but lose money in the stock market, and lots of it. But obviously some people have their great successes. </p>

</div></p>

Set higher goals. Unless someone is gonna leave you a home, it's awfully tough anyway in the US to raise/have a family of 2/3 on that.</p>

-Petey</p>

 

[Petey]

<div class='quotetop'>QUOTE (S_Guard)</div><div class='quotemain'>

What are your goals finacially?</p>

Do you plan on investing in stock, bonds, real estate?</p>

Got an IRA Already?</p>

how do you save money?</p>

I Plan on getting in on the stock market game or the Option market. I've been doin a lot of reading and studying. However, I am not satisfied with my knowledge on investing yet before i set up a brokerage account. I don't Know about real estate but if i end up doing good with my stocks I may go into real estate. I really want to make a hell of a lot of money and retire early because retail jobs n salary based jobs wont cut it from my point of view. Leeching off my moms educational benefits will be over next year when I turn 23. No Dental health or Vision benfits... damn. Graphic-Web Designing alone wont cut it especially with the health issues i have already. I'm steppin it up mayne.</p>

Let me know what yall doin or if yall just lovin life as it is and going wit the flow. </p>

</div></p>

I'm 29. When I was younger, in college, I invested in stocks. When it was all said and done, made out even. </p>

Personally I'm a much bigger fan of real estate investments. If you can buy a multi-family zones house/building, you might get away with putting the down, and having the monthly income cover your mortage costs, and in the long run paid retirement (as a supplement to social security and other sources of $$$). With property, you can turn aroun, take out equity against it to put down for other buildings/homes of that type. Start off early enough and you should be able to pay for your kids' (if you are inclined to have them) college/university, and set yourself up for earlier retirement. </p>

-Petey</p>

 

[Денг Гордон]

<div class='quotetop'>QUOTE (Petey)</div><div class='quotemain'><div class='quotetop'>QUOTE (BG7 Lavigne)</div><div class='quotemain'>

I'm going to be taking out a large student loan and going into debt.</p>

After college, I don't really care. As long as I make around 40k+ a year, I can live happily. </p>

Of course, anything more than that would be greatly appreciated. </p>

I'm mildly interested in the stock market. Not sure if I would gamble money in it though. My family has done nothing but lose money in the stock market, and lots of it. But obviously some people have their great successes. </p>

</div></p>

Set higher goals. Unless someone is gonna leave you a home, it's awfully tough anyway in the US to raise/have a family of 2/3 on that.</p>

-Petey </p>

</div></p>

I hope that my girlfriend can make 100,000 per year or so. (if we stick together), to support a family. </p>

I'd definitely love to make more than 40,000 a year, but just being realisticly its hard to get started in the film industry, and takes some time to establish yourself.</p>

I'm not too worried though. I've done well at everything I've done so far, so I think I should be pretty financially sound. </p>

</p>

 

[Kid Chocolate]

<div class='quotetop'>QUOTE (BG7 Lavigne)</div><div class='quotemain'><div class='quotetop'>QUOTE (Petey)</div><div class='quotemain'><div class='quotetop'>QUOTE (BG7 Lavigne)</div><div class='quotemain'>

I'm going to be taking out a large student loan and going into debt.</p>

After college, I don't really care. As long as I make around 40k+ a year, I can live happily. </p>

Of course, anything more than that would be greatly appreciated. </p>

I'm mildly interested in the stock market. Not sure if I would gamble money in it though. My family has done nothing but lose money in the stock market, and lots of it. But obviously some people have their great successes. </p>

</div></p>

Set higher goals. Unless someone is gonna leave you a home, it's awfully tough anyway in the US to raise/have a family of 2/3 on that.</p>

-Petey </p>

</div></p>

I hope that my girlfriend can make 100,000 per year or so. (if we stick together), to support a family. </p>

I'd definitely love to make more than 40,000 a year, but just being realisticly its hard to get started in the film industry, and takes some time to establish yourself.</p>

I'm not too worried though. I've done well at everything I've done so far, so I think I should be pretty financially sound. </p>

</p>

</div></p>

</p>

Step up, be the man of the house, and wear the pants.</p>

 

[TheBeef]

<div class='quotetop'>QUOTE (Kid Chocolate)</div><div class='quotemain'><div class='quotetop'>QUOTE (TheBeef)</div><div class='quotemain'>

<div class='quotetop'>QUOTE (Kid Chocolate)</div><div class='quotemain'>man whoring is two words, but manwhoring is one.</div></p>

</p>

man whoring is two words....manwhoring is not a word, its just a jumble of letters </p>

</div></p>

</p>

As much as I'd like to think someone named "TheBeef" would be right on a matter like this, it's a portmanteau word. </p>

</div></p>

</p>

Im not going around claiming thebeef is a word</p>

 

[Kid Chocolate]

[quote name='TheBeef'][quote name='Kid Chocolate'][quote name='TheBeef']

[quote name='Kid Chocolate']man whoring is two words, but manwhoring is one.[/QUOTE]</p>

</p>

man whoring is two words....manwhoring is not a word, its just a jumble of letters </p>

[/QUOTE]</p>

</p>

As much as I'd like to think someone named "TheBeef" would be right on a matter like this, it's a portmanteau word. </p>

[/QUOTE]</p>

</p>

Im not going around claiming thebeef is a word </p>

[/QUOTE]</p>

</p>

PORTMANTEAU</p>

 

[TheBeef]

<div class='quotetop'>QUOTE (Kid Chocolate)</div><div class='quotemain'>

</p>

PORTMANTEAU </p>

</div></p>

If it aint in webstersdictionary, im not going to rocogniseit....seems like a lot of bullshit to me</p>

 

[Kid Chocolate]

<div class='quotetop'>QUOTE (TheBeef)</div><div class='quotemain'><div class='quotetop'>QUOTE (Kid Chocolate)</div><div class='quotemain'>

</p>

PORTMANTEAU </p>

</div></p>

If it aint in webstersdictionary, im not going to rocogniseit....seems like a lot of bullshit to me </p>

</div></p>

</p>

Because manwhoring would be websters dictionary.</p>

</p>

Untwist your panties, relax.</p>

 

[TheBeef]

<div class='quotetop'>QUOTE (Kid Chocolate)</div><div class='quotemain'>

</p>

Because manwhoring would be websters dictionary.</p>

</p>

Untwist your panties, relax.</p>

</div></p>

</p>

shouldn't it be: Untwistyour pantiesrelax?</p>

 

[Kid Chocolate]

<div class='quotetop'>QUOTE (TheBeef)</div><div class='quotemain'><div class='quotetop'>QUOTE (Kid Chocolate)</div><div class='quotemain'>

</p>

Because manwhoring would be websters dictionary.</p>

</p>

Untwist your panties, relax.</p>

</div></p>

</p>

shouldn't it be: Untwistyour pantiesrelax? </p>

</div></p>

</p>

No, I think it's stfu, stop being a tool.</p>

 

[TheBeef]

<div class='quotetop'>QUOTE (Kid Chocolate)</div><div class='quotemain'>

</p>

No, I think it's stfu, stop being a tool.</p>

</div></p>

</p>

I dont understand what you mean by that, I dont speak portmanteauen</p>

 

[lukewarmplay]

[quote name='Kid Chocolate'][quote name='TheBeef'][quote name='Kid Chocolate'][quote name='TheBeef']

[quote name='Kid Chocolate']man whoring is two words, but manwhoring is one.[/QUOTE]</p>

</p>

man whoring is two words....manwhoring is not a word, its just a jumble of letters </p>

[/QUOTE]</p>

</p>

As much as I'd like to think someone named "TheBeef" would be right on a matter like this, it's a portmanteau word. </p>

[/QUOTE]</p>

</p>

Im not going around claiming thebeef is a word </p>

[/QUOTE]</p>

</p>

PORTMANTEAU </p>

[/QUOTE]</p>

</p>

According to your link, you're not right about this. </p>

 

[Kid Chocolate]

[quote name='lukewarmplay'][quote name='Kid Chocolate'][quote name='TheBeef'][quote name='Kid Chocolate'][quote name='TheBeef']

[quote name='Kid Chocolate']man whoring is two words, but manwhoring is one.[/QUOTE]</p>

</p>

man whoring is two words....manwhoring is not a word, its just a jumble of letters </p>

[/QUOTE]</p>

</p>

As much as I'd like to think someone named "TheBeef" would be right on a matter like this, it's a portmanteau word. </p>

[/QUOTE]</p>

</p>

Im not going around claiming thebeef is a word </p>

[/QUOTE]</p>

</p>

PORTMANTEAU </p>

[/QUOTE]</p>

</p>

According to your link, you're not right about this. </p>

[/QUOTE]</p>

</p>

It's a portmanteau without the overlapping. A portmanteau compound, if you will. </p>

 

[GMJ]

...I'm a fan of index funds. Using a brokerage firm is kind of a waste of money, you're better off just investing yourself and making your own decisions.

 

[Geaux Tigers]

Ive been investing for about 8 years now. I took homea 300% profit about two months ago. I have a lot of student loans that Im set on paying off ASAP. It sort of puts my investing on hold but I tend to do alright. </p>

Is it ok if I put sports betting in my future financial plans?</p>

 

[Petey]

<div class='quotetop'>QUOTE (Geaux Tigers)</div><div class='quotemain'>

Ive been investing for about 8 years now. I took home a 300% profit about two months ago. I have a lot of student loans that Im set on paying off ASAP. It sort of puts my investing on hold but I tend to do alright. </p>

Is it ok if I put sports betting in my future financial plans?</p>

</div></p>

... why? Aren't their rates far superior to CC and mortagage rates? If so you are better off investing/spending the money.</p>

-Petey</p>

 

[MikeDC]

Here's some really simple stuff that in my experience (and I actually have some experience in these areas) is great for a person who wants to make money and live a responsible, comfortable life. You won't get rich quick doing these things, but you will come out significantly ahead </p>

1. If you have a 401(k) available, you are an absolute fool if you don't contribute to the extent your company matches. The money the company matches is absolutely free. </p>

2. If you want to have worry free investing, especially for long term stuff like a 401(k), simply use an index fund. If you're in your 20s and 30s, you can be pretty comfortable dividing most of it up between an S&P 500 index and something like an EAFE index and not think about it much at all.</p>

3. Even a minimumal investment like that will make a very significant amount of money to live on when you retire. Investing $1000 a year for your first ten years of working should give you well over $100k when you're ready to retire, and that's under about the most conservative estimates possible.</p>

4. Don't get fancy and try to beat the market. You can't, unless you happen to know someone with inside information. Then don't get caught!</p>

---- </p>

That's sort of an absolute minimum amount of investing. Everyone, unless they're almost literally starving, should be able to do that coming out of college (or even high school into a sensible trade) and getting a job, unless they start popping out kids immediately. </p>

If you have more to invest, again, the vast majority of folks should think long term and stick to broad markets (e.g. get index funds, don't try to pick a stock).</p>

Do that with the money you have left over after accumulating enough for a down payment on a house. Sit down and look at what a house costs and figure you need to put 20% down. That's your target. Figure out how long it will take to get you there. </p>

Get a good savings account. ING Direct gives you 5%. That's what you want working for you (but still safe from bad news in the market)... keeping your savings in your checking account sucks eggs.</p>

Don't have kids until you can afford them.</p>

Don't accumulate credit card debt. Pay the entire balance every month.</p>

Pay the minimum, and only the minimum on student loans unless you run into the money to pay them off. The interest on them (especially coupled with the tax breaks) tends to be small enough that you're better off saving money for a house than paying them off.</p>

Don't buy a new car. Buy a two or three old one. Don't buy more car than you need.</p>

Even if it sucks, don't quit a job until you have a new job lined up. </p>

 

[Geaux Tigers]

<div class='quotetop'>QUOTE (Petey)</div><div class='quotemain'><div class='quotetop'>QUOTE (Geaux Tigers)</div><div class='quotemain'>

Ive been investing for about 8 years now. I took home a 300% profit about two months ago. I have a lot of student loans that Im set on paying off ASAP. It sort of puts my investing on hold but I tend to do alright. </p>

Is it ok if I put sports betting in my future financial plans?</p>

</div></p>

... why? Aren't their rates far superior to CC and mortagage rates? If so you are better off investing/spending the money.</p>

-Petey</p>

</div></p>

I'm fairly confident in my ability as an investor to beat my student loan interest rates, but debt just weighs on me. Having it out puts a major stress on me even though mypayments are within my ability to pay back.</p>

And MikeDC that is great advice. I think the ING account is a great thing. I've had one for about 3 years now. 5% for a savings account with virtually no withdrawl limitations is where it's at.</p>