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PrintableOcean said: pardonme4livin said: Tough question Ky.....
Rent not nearly enough in comparsion to the mortgage on it huhMy financial goals seem to change depending on the topography of my world. Right now my goals are simply to pay off my debt...which will be a few years. My long term goals include: * Retire by 60....tough nowadays...but that's my goal. * Have numerous investment properties preferably commercial, that pay me monthly and appreciate significantly over the years. * I am invested in the market, but in the past 3 months I have been losing TONS...I haved to hold out for the long haul with that...  More to come....
Well I'm not even talking about the rental property I currently have.... the market I am referring to is the stock market through my investment plan at work. I had about $40K in it at the begining of the year...it's down to about $30K.....   | |
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Ocean said: abierman said: I don't like talking about my financial goals or situation.....but here I go:
I bought my current apartment almost 8 years ago, still paying for it which is fine.... I can not see me retiring at as certain orgers on this thread want.....what are you gonna do? Post even more on the org??? 
Seriously, if you like working and making more money, why would you stop if you're physically still capable? And: there's always a bigger boat, better car, or cooler vacation.....for that you need money! Am I materialistic?? Well, life does cost money.....if you want to enjoy it you will have to be able to spend. I happen to have a job that provides opportunities, I do not always like it but I will never say no to work because I want to live up to a certain standard that I have gotten used to. Hell, I might be living in Bangkok due to work later this year, how cool is that?? My financial goals is to provide the things I like for myself..... Nice....and I quite agree on the retirement thing.....I want to be in a position that I don't have to work to live....but work because I want to the clue to that is ambition!!! I know you have it!!!  | |
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ZombieKitten said: our goal is totally debt free in next 10 years and then both of us just have cushy part time jobs
  | |
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abierman said: RodeoSchro said: delete
Didn't sound right. Sorry. [Edited 3/17/08 16:22pm]  you're old..... 
 LMAO, I put my financial goal as expressed in dollars, but it looked conceited. Let me just say this: I intend to profit off the current economic climate. | |
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Ocean said: RodeoSchro said: delete
Didn't sound right. Sorry. [Edited 3/17/08 16:22pm]  AWWWWW....  | |
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pardonme4livin said: Ocean said: Rent not nearly enough in comparsion to the mortgage on it huh
Well I'm not even talking about the rental property I currently have.... the market I am referring to is the stock market through my investment plan at work. I had about $40K in it at the begining of the year...it's down to about $30K..... ut oh ...see I know nothing about the stock market which is why I stick to property | |
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abierman said: Ocean said: Nice....and I quite agree on the retirement thing.....I want to be in a position that I don't have to work to live....but work because I want to the clue to that is ambition!!! I know you have it!!!  | |
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pardonme4livin said: Ocean said: Rent not nearly enough in comparsion to the mortgage on it huh
Well I'm not even talking about the rental property I currently have.... the market I am referring to is the stock market through my investment plan at work. I had about $40K in it at the begining of the year...it's down to about $30K..... Review your mutual funds and verify that they're invested in the sectors you want to be invested in. It's gonna be OK. If you had a plan going in that wasn't greedy, I think you'll be fine. Right now, there are AAA-rated municipal bonds you can buy that have underlying collateral that is A-rated, and they yield anywhere from 7% and up. Since munis are tax-free, your real yield could be as high as 10% (or more). | |
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Imago said: #1. Buy Property. It doesnt matter if you're in a recession or property value is going down right now. Just do it. Long term, it will earn you more money than almost all your other investments. So don't rent--own.
#2. Try to own your car for at least 5 to 7 years. That way you'll have a couple of years with no car payment. Buy used if you can (I can't buy used. I just can't  ). A couple of years with no car payment will save you TONS of money, even if you have to pay for maintenance and repairs.
#3. Try not to buy too many things that depreciate in value. If you're going to spend money on major purchases, look for things that go up in value whenever possible. For example, there are actual models of Harley motorcycles that go up in value over time--consider a model that appreciates if you want a bike. Buy property instead of expensive boats, etc. etc. Property ALWAYS earns you money if you buy in the right places. #4. Pay off as much debt as you can. There's little point in saving if you owe more than you save. All financial analyst will tell you that. But it's true. Pay off your debt as quickly as possible---specifically credit cards. #5. Don't own too many pets. They are VERY costly. If you own more than one, pick your favorite and euthanize the rest. If it's legal in your country, consider that with children too if they suck up too much food and heat. #6. Clip coupons. They save hundreds a year. #7. Mary Asian men. You will NOT regret it. you're like suze orman crossed with darth maul  | |
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Anxiety said: Imago said: #1. Buy Property. It doesnt matter if you're in a recession or property value is going down right now. Just do it. Long term, it will earn you more money than almost all your other investments. So don't rent--own.
#2. Try to own your car for at least 5 to 7 years. That way you'll have a couple of years with no car payment. Buy used if you can (I can't buy used. I just can't ). A couple of years with no car payment will save you TONS of money, even if you have to pay for maintenance and repairs.
#3. Try not to buy too many things that depreciate in value. If you're going to spend money on major purchases, look for things that go up in value whenever possible. For example, there are actual models of Harley motorcycles that go up in value over time--consider a model that appreciates if you want a bike. Buy property instead of expensive boats, etc. etc. Property ALWAYS earns you money if you buy in the right places. #4. Pay off as much debt as you can. There's little point in saving if you owe more than you save. All financial analyst will tell you that. But it's true. Pay off your debt as quickly as possible---specifically credit cards. #5. Don't own too many pets. They are VERY costly. If you own more than one, pick your favorite and euthanize the rest. If it's legal in your country, consider that with children too if they suck up too much food and heat. #6. Clip coupons. They save hundreds a year. #7. Mary Asian men. You will NOT regret it. you're like suze orman crossed with darth maul Which one of them said, "If it floats, flies or fucks - lease it!"? | |
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Imago said: #7. Mary Asian men. You will NOT regret it. that's why all them cute Thai girls want to marry a western 'farang'man! Tough luck, Dan! | |
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Ocean said: pardonme4livin said: Well I'm not even talking about the rental property I currently have.... the market I am referring to is the stock market through my investment plan at work. I had about $40K in it at the begining of the year...it's down to about $30K..... ut oh ...see I know nothing about the stock market which is why I stick to property Well I know enough.... I've got "people" .... it's for long term goals though.... I still have many years to work....hopefully there will be more good years than bad ones and I will be sitting pretty with this investment....
Real estate has proven to be one of the only investments that is almost guaranteed to increase in value over long periods of time.... My "people" tell me thought that the real sure thing right now is GOLD.... put all your money in gold and you'll be all right! | |
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Ocean said: ZombieKitten said: our goal is totally debt free in next 10 years and then both of us just have cushy part time jobs
except I want to travel too, so darn it, back to work  | |
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pardonme4livin said: Ocean said: ut oh ...see I know nothing about the stock market which is why I stick to property Well I know enough.... I've got "people" .... it's for long term goals though.... I still have many years to work....hopefully there will be more good years than bad ones and I will be sitting pretty with this investment....
Real estate has proven to be one of the only investments that is almost guaranteed to increase in value over long periods of time.... My "people" tell me thought that the real sure thing right now is GOLD.... put all your money in gold and you'll be all right! | |
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Ocean said: pardonme4livin said: Well I know enough.... I've got "people" .... it's for long term goals though.... I still have many years to work....hopefully there will be more good years than bad ones and I will be sitting pretty with this investment....
Real estate has proven to be one of the only investments that is almost guaranteed to increase in value over long periods of time.... My "people" tell me thought that the real sure thing right now is GOLD.... put all your money in gold and you'll be all right! I'd tell you but.....  | |
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pardonme4livin said: Ocean said: What r u in ..the mafia
I'd tell you but.....  | |
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I thought I was on the road to being financially sound but NOOOOO, some shit had to pop up (which is kinda my fault). So I'll be rebuilding this year, luckily my credit is excellent & I don't have a lot of debt in that sense so I think I can handle what's to come. I need to buy a condo, hopefully in the next 2-3 years...   I never met you, but I LOVE you & I will forever!! Thank you for being YOU - my little Princey, the best to EVER do it | |
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CalhounSq said: I thought I was on the road to being financially sound but NOOOOO, some shit had to pop up (which is kinda my fault). So I'll be rebuilding this year, luckily my credit is excellent & I don't have a lot of debt in that sense so I think I can handle what's to come. I need to buy a condo, hopefully in the next 2-3 years...
At least u sound focused hun | |
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Anxiety said: Imago said: #1. Buy Property. It doesnt matter if you're in a recession or property value is going down right now. Just do it. Long term, it will earn you more money than almost all your other investments. So don't rent--own.
#2. Try to own your car for at least 5 to 7 years. That way you'll have a couple of years with no car payment. Buy used if you can (I can't buy used. I just can't ). A couple of years with no car payment will save you TONS of money, even if you have to pay for maintenance and repairs.
#3. Try not to buy too many things that depreciate in value. If you're going to spend money on major purchases, look for things that go up in value whenever possible. For example, there are actual models of Harley motorcycles that go up in value over time--consider a model that appreciates if you want a bike. Buy property instead of expensive boats, etc. etc. Property ALWAYS earns you money if you buy in the right places. #4. Pay off as much debt as you can. There's little point in saving if you owe more than you save. All financial analyst will tell you that. But it's true. Pay off your debt as quickly as possible---specifically credit cards. #5. Don't own too many pets. They are VERY costly. If you own more than one, pick your favorite and euthanize the rest. If it's legal in your country, consider that with children too if they suck up too much food and heat. #6. Clip coupons. They save hundreds a year. #7. Mary Asian men. You will NOT regret it. you're like suze orman crossed with darth maul That is the funniest shit I've ever read from you  | |
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THERE'S LOTS OF POO IN MY SIGNATURE. | |
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Spookymuffin said: THERE'S LOTS OF POO IN MY SIGNATURE.
your avatar kinda sorta looks like a hairy butt with nipples. in a cute way. | |
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Anxiety said: Spookymuffin said: THERE'S LOTS OF POO IN MY SIGNATURE.
your avatar kinda sorta looks like a hairy butt with nipples. in a cute way. ARE YOU HITTING ON ME? :EYES: | |
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Retire both debt-free by 60 (if not sooner) and owning my own property. Also, enough in retirement to not have to rely on government checks or assitance, and so that my daughter will not have to spend one dime on me if the time comes where I may need extra care. After everything that my family and I have been thru concerning my father, that is extremely important to me. I just couldn't burden Tanys that way... 
I hadn't made any real headway towards these goals until this year, though. I'm planning on the house within 3-5 years. | |
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Byron said: Retire both debt-free by 60 (if not sooner) and owning my own property. Also, enough in retirement to not have to rely on government checks or assitance, and so that my daughter will not have to spend one dime on me if the time comes where I may need extra care. After everything that my family and I have been thru concerning my father, that is extremely important to me. I just couldn't burden Tanys that way...
I hadn't made any real headway towards these goals until this year, though. I'm planning on the house within 3-5 years. Ur thinking of buying in 3 to 5 years? What's stopping u now hun? | |
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I'd like to have some money. Someday. That is my goal.
I don't see myself ever being able to own a house or condo by myself. At least, not in a neghborhood I'm willing to live in. I already buy used cars and never have a car payment. I'm an incredibly frugal girl when it comes to just about everything. I have a 401k and if all goes well, I should have a modest amount of money to retire with when I'm the average retirement age of 65. woo-hoo. I hate money, I really do. |
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CarrieMpls said: I'd like to have some money. Someday. That is my goal.
I don't see myself ever being able to own a house or condo by myself. At least, not in a neghborhood I'm willing to live in. I already buy used cars and never have a car payment. I'm an incredibly frugal girl when it comes to just about everything. I have a 401k and if all goes well, I should have a modest amount of money to retire with when I'm the average retirement age of 65. woo-hoo. I hate money, I really do. What's a 401k hun? | |
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Ocean said: CarrieMpls said: I'd like to have some money. Someday. That is my goal.
I don't see myself ever being able to own a house or condo by myself. At least, not in a neghborhood I'm willing to live in. I already buy used cars and never have a car payment. I'm an incredibly frugal girl when it comes to just about everything. I have a 401k and if all goes well, I should have a modest amount of money to retire with when I'm the average retirement age of 65. woo-hoo. I hate money, I really do. What's a 401k hun? aahhh... It's a retirement plan through my work. I put away a percentage of my income and I don't get taxed on it (yet) and my company matches that amount up to 5% with stock in my company. I can manage the money that I put away myself, or have them do it for me, which is what I do since I don't know anything about that kinda stuff. It's all in a mix of stocks and bonds and whatnot. Since I've been putting away since I was about 22, by the time I'm 65 it's supposed to be a LOT of money. But there are no guarantees... I also fantasize about taking it all out now and traveling the world for a year or two. But that would be a bad idea financially.  |
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Gosh, get out of debt as quickly as possible. I'm making very nice progress, thank the Lord. Those Dave Ramsey tips work.
Save tons. Invest in my retirement. Invest in my house, so that when the market improves, I'll have a nicer house to sell than my neighbors will. 
Over time, to earn money from my artistic interests, ultimately living totally from advances and such. .... oh, and marry a rich woman...
[Edited 3/17/08 21:03pm] | |
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Ocean said: CarrieMpls said: I'd like to have some money. Someday. That is my goal.
I don't see myself ever being able to own a house or condo by myself. At least, not in a neghborhood I'm willing to live in. I already buy used cars and never have a car payment. I'm an incredibly frugal girl when it comes to just about everything. I have a 401k and if all goes well, I should have a modest amount of money to retire with when I'm the average retirement age of 65. woo-hoo. I hate money, I really do. What's a 401k hun? A pension plan/retirement/investment plan that you can take with you from company to company. It's tax free under certain stipulations. Can make you lots of money if you stick with it. | |
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Imago said: Ocean said: What's a 401k hun? A pension plan/retirement/investment plan that you can take with you from company to company. It's tax free under certain stipulations. Can make you lots of money if you stick with it. [Ouch! snip - luv4u] man, he has such an amazing body of music that it's sad to see him constrict it down to the basics. he's too talented for the lineup he's doing. estelle 81 | |
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