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#151 |
Inmem 2.0
Join Date: Aug 2007
Location: My house
Casino cash: $-952442
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What if you don't make shit?
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Posts: 78,075
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#152 |
Constable of Untruths
Join Date: Oct 2010
Location: Wichita
Casino cash: $-748916
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Posts: 15,344
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#153 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $-1318100
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You should be building an emergency fund then and setting aside even small amounts if your employer offers any retirement funds.
Then you work on bettering yourself and working on job prospects to start making more or switch careers to something with more of an increased career ladder. |
Posts: 46,292
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#154 |
Stroking to the SB Champs!
Join Date: Aug 2000
Location: Flatlands of Kansas
Casino cash: $-291038
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__________________
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Posts: 40,894
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Hog's Gone Fishin |
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#155 |
MVP
Join Date: Jan 2004
Location: K.C.
Casino cash: $9914975
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I retired in 2012.
Live below your means. Avoid debt. Invest long term. And if you don't consider yourself a financial wizard (and I'm certainly not) consider using an adviser who acts as a fiduciary. Retirement is awesome. I strongly recommend it as soon as you can. Especially if you have a large family. Just make sure you are financially prepared. Time passes quickly when you're alive. |
Posts: 7,917
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#156 |
Woman should only make babies
Join Date: Nov 2003
Location: Apartment "G UNIT!"
Casino cash: $-153864
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__________________
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Posts: 54,931
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#157 |
Constable of Untruths
Join Date: Oct 2010
Location: Wichita
Casino cash: $-748916
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Posts: 15,344
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#158 | |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
Casino cash: $-670000
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Quote:
![]() I have had my Scottrade account since 2009 and I love it. - They refund ALL my ATM fees no matter what the cost - The second I use my debit card, the transaction shows in my account with great detail - They just lowered the price of their options trading - Competitive price for trades - My direct deposit paycheck comes into my account the NIGHT before payday without fail between 9:45 and 10:10 pm for the last 7 years - Live quotes - Easy to use - $2,500 debit limit per day and $500 ATM per day for a $3,000 total - You can call and ask for a one time limit increase and they grant it 99% of the time up to $5,000 - Good research tools - Unlimited transfers back and forth from your Scottrade bank account to your Scottrade brokerage account - You can export all your transactions - Local branches take in deposits (no cash of course) Overall there is really nothing more I personally need. I like it quite a bit and they have many other tools to take advantage of.
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"The only difference between sex for free and sex for money is that sex for free costs you a WHOLE LOT more!" ~Redd Foxx~ ![]() "The men who drafted Patrick Mahomes" ![]() |
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Posts: 54,894
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#159 | |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
Casino cash: $-670000
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Quote:
Did you get bored early on? Did you find yourself spending money you wouldn't normally because so much time on your hands? Many of your friends also retired or no pals to hang with during the day? Gain weight by hanging around alot or lose weight because you decided to use your time to get in shape? Any charity or volunteer work? ![]()
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"The only difference between sex for free and sex for money is that sex for free costs you a WHOLE LOT more!" ~Redd Foxx~ ![]() "The men who drafted Patrick Mahomes" ![]() |
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Posts: 54,894
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#160 |
Seize life. Be an ermine.
Join Date: Jul 2001
Location: My house
Casino cash: $-412449
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I'm not really very good at stock analysis these days. I just use three simple rules: are revenues growing, is it consistently profitable, and does it pay a dividend. NVDA seems to pass all of those tests, which intrigues me since I'm sitting on a bunch of cash right now and looking for some good stocks. I generally go for dividends greater than 1%, but I need a bit more tech stock and they aren't big dividend payers.
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Active fan of the greatest team in NFL history. |
Posts: 145,191
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#161 |
MVP
Join Date: Mar 2004
Location: Helena, MT
Casino cash: $1378849
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Personally, I feel a significant financial event will happen in the next two years based on the strength of the US dollar and weaknesses in the global economy. Specifically, a reckoning is coming to agriculture in the US. Due to the operating cycles, agricultural operations typically take bad years like this year and use equity to shore them up. However, land prices haven't dropped significantly yet despite the significant drop in commodity prices. As soon as the land prices start to correct, the equity in farm operations will no longer be in place to support carrying over bad years. As a result, liquidations will start to occur, further driving down land prices, further evaporating equity in struggling operations, forcing another wave of liquidations.
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Posts: 18,647
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#162 | |
Starter
Join Date: Feb 2009
Location: Arkansas
Casino cash: $7795815
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Quote:
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Posts: 831
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#163 | |
MVP
Join Date: Mar 2004
Location: Helena, MT
Casino cash: $1378849
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Quote:
Right now, land sales are sparse, and when they do occur, they are done with historical crop prices in mind. When these farmers are forced to liquidate, either in an effort to payoff operating carryover or through foreclosure, a lot of land will hit the market simultaneously. Valuations must then adjust to make economic sense, based on a cap rate and operating cash flows going forward. When this adjustment hits, it will be significant. |
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Posts: 18,647
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#164 |
Banned
Join Date: Jan 2013
Casino cash: $9998560
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Posts: 53,803
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#165 |
On Hiatus
Join Date: Aug 2000
Casino cash: $-1060300
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The other day at work we were discussing saving for retirement and amassing a large sum for retirement.....one of the guys was talking about his Father in Law and how he had lived frugally, saved wisely and had set himself up for a very comfortable retirement.
He retired at age 65 like he had planned....5 months after he retired he was playing golf on a course in Phoenix while on a trip with his wife and had a heart attack. He never made it off the golf course alive. About 3 months after burying his Father In Law, his wife went over to check on her Mom since she hadn't heard from her for a couple of days and found her dead. He lamented how they had lived so frugally, sent their kids to college, and saved wisely so they could enjoy retirement and never got the chance to. What was worse was watching how the kids fought over dispersal of the estate. Sometimes even if you make the best plans it still doesn't mean everything will turn out like you plan. You still have to plan for retirement but don't forget to enjoy your life along the way. |
Posts: 12,383
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Hog's Gone Fishin |
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