Reply
Page 2 of 4 FirstFirst 1 2 3 4 LastLast
Results 31 to 60 of 109
  1. #31
    let that sink in Ying2012's Avatar
    Join Date: May 2012
    Location: Auckland, Central, New Zealand
    Posts: 6,242
    Rep Power: 26243
    Ying2012 has much to be proud of. One of the best! (+20000) Ying2012 has much to be proud of. One of the best! (+20000) Ying2012 has much to be proud of. One of the best! (+20000) Ying2012 has much to be proud of. One of the best! (+20000) Ying2012 has much to be proud of. One of the best! (+20000) Ying2012 has much to be proud of. One of the best! (+20000) Ying2012 has much to be proud of. One of the best! (+20000) Ying2012 has much to be proud of. One of the best! (+20000) Ying2012 has much to be proud of. One of the best! (+20000) Ying2012 has much to be proud of. One of the best! (+20000) Ying2012 has much to be proud of. One of the best! (+20000)
    Ying2012 is offline
    Everything below is my pure opinion without any studies or reasoning so take it for what it is.

    I stopped reading at "frugal lifestyle" can you explain why you think thats necessary?
    Coming from a sales/business background im wondering if you can't part yourself of money or understand that there's no shortage of money only time how do you get others to do the same?

    I can understand being careful with spending if you have a solid need for saving but living day to day you need to understand that you'll always have cash income opportunities and that 100% applies to you. However one thing you can't get back is time and your age so how does this help anyone? Well you want more money and who has the money? Your customers/clients/prospects how ever you call them. If you can't part yourself of your money how do you expect to do the same for others?
    Would you buy a product from someone who wouldn't even buy it themselves or would you rather buy a product from someone who would 1000% go broke for it?

    Now i'm not saying we should go spending and have no savings but the idea of money is to enjoy it and use it. Understand why people spend and why you spend money and you'll be able to make others spend their money for you.

    Anyway back to the thread

    I have always wanted self income and it's funny a couple weeks ago i tried going back to the work force and couldn't last 2 weeks. 100% not for me.
    I started earning money online at the age of 13 starting with those systems where they paid you for x amounts of downloads to affiliate marketing to cpa to Programming subscription programs(Biggest winner 10k/month) to Investing to eCommerce/Services.

    I'm currently in my early twenties and working on a new business which has my full focus and attention. I hope it becomes my baby and will be the one that springs my future businesses, I spend my free time on "sales" books usually because I believe there's nothing more important for anyone who wants to be successful in their own way than to understand sales and how humans think.

    I have probably failed over 200 ideas since the start (age 14) thinking about it lol, never realized. I remember at age 15 I was making around 80usd/day on a couple of my sites but I got comfortable and let them go... I didnt learn that lesson for the next 4 years lol. I would constantly find a new way to earn income but I would always let it go once the money was flowing....

    Now this new business I'm working on with a partner finally (Previous attempts all have been pretty much solo) we hope to grow from 1 unique niche market into bigger competitive markets we're starting slow but I feel like i've finally learnt enough from past failures to grind this one out until we dominate each market before expanding. I have also learnt to understand money more, I no longer waste too much of my time doing the same thing day by day when I could just pay someone to get it done for me and work on other things instead of repetitive tasks.

    Doing a 180 back on money I don't really put them in savings as they tend to lock you in for a term with small returns when I believe i could invest them in business ideas or import to sell on the side which will make you way more than any savings account. I side hustle I do with my extra cash is import and sell locally for margins way over 1-5% lol picture $2 cost and $13 sale price. $55 Cost $110 sale cost... Yea no point putting them in savings when you can legit spend a few hours to research what wells and use your money on that.
    *Everything I write on the Misc is facts and to be taken seriously.

    ~~~New Zealand Crew~~~
    ++ Positive Crew ++
    Great leg genetics
    Have default great calves
    Reply With Quote

  2. #32
    Registered User Gizzyhardcore's Avatar
    Join Date: Aug 2008
    Location: New Zealand
    Age: 47
    Posts: 2,373
    Rep Power: 2596
    Gizzyhardcore is just really nice. (+1000) Gizzyhardcore is just really nice. (+1000) Gizzyhardcore is just really nice. (+1000) Gizzyhardcore is just really nice. (+1000) Gizzyhardcore is just really nice. (+1000) Gizzyhardcore is just really nice. (+1000) Gizzyhardcore is just really nice. (+1000) Gizzyhardcore is just really nice. (+1000) Gizzyhardcore is just really nice. (+1000) Gizzyhardcore is just really nice. (+1000) Gizzyhardcore is just really nice. (+1000)
    Gizzyhardcore is offline
    Originally Posted by yeshli2nuts View Post
    - Put $1,000 a month into index funds, currently have $22,000 in, for long term investments (new car, children education, home renovations, etc)
    - Both put 15% salary into 401k, we have combined about $50,000 in.
    It will surprise you how fast those will go up with compound interest and you contributing constantly and consistently, you'll wake up one day and there will be a massive amount in there, at least that was my experience
    Reply With Quote

  3. #33
    Registered User Gizzyhardcore's Avatar
    Join Date: Aug 2008
    Location: New Zealand
    Age: 47
    Posts: 2,373
    Rep Power: 2596
    Gizzyhardcore is just really nice. (+1000) Gizzyhardcore is just really nice. (+1000) Gizzyhardcore is just really nice. (+1000) Gizzyhardcore is just really nice. (+1000) Gizzyhardcore is just really nice. (+1000) Gizzyhardcore is just really nice. (+1000) Gizzyhardcore is just really nice. (+1000) Gizzyhardcore is just really nice. (+1000) Gizzyhardcore is just really nice. (+1000) Gizzyhardcore is just really nice. (+1000) Gizzyhardcore is just really nice. (+1000)
    Gizzyhardcore is offline
    Originally Posted by Ying2012 View Post
    Everything below is my pure opinion without any studies or reasoning so take it for what it is.

    I stopped reading at "frugal lifestyle" can you explain why you think thats necessary?
    Coming from a sales/business background im wondering if you can't part yourself of money or understand that there's no shortage of money only time how do you get others to do the same?

    I can understand being careful with spending if you have a solid need for saving but living day to day you need to understand that you'll always have cash income opportunities and that 100% applies to you. However one thing you can't get back is time and your age so how does this help anyone? Well you want more money and who has the money? Your customers/clients/prospects how ever you call them. If you can't part yourself of your money how do you expect to do the same for others?
    Would you buy a product from someone who wouldn't even buy it themselves or would you rather buy a product from someone who would 1000% go broke for it?

    Now i'm not saying we should go spending and have no savings but the idea of money is to enjoy it and use it. Understand why people spend and why you spend money and you'll be able to make others spend their money for you.

    Anyway back to the thread

    I have always wanted self income and it's funny a couple weeks ago i tried going back to the work force and couldn't last 2 weeks. 100% not for me.
    I started earning money online at the age of 13 starting with those systems where they paid you for x amounts of downloads to affiliate marketing to cpa to Programming subscription programs(Biggest winner 10k/month) to Investing to eCommerce/Services.

    I'm currently in my early twenties and working on a new business which has my full focus and attention. I hope it becomes my baby and will be the one that springs my future businesses, I spend my free time on "sales" books usually because I believe there's nothing more important for anyone who wants to be successful in their own way than to understand sales and how humans think.

    I have probably failed over 200 ideas since the start (age 14) thinking about it lol, never realized. I remember at age 15 I was making around 80usd/day on a couple of my sites but I got comfortable and let them go... I didnt learn that lesson for the next 4 years lol. I would constantly find a new way to earn income but I would always let it go once the money was flowing....

    Now this new business I'm working on with a partner finally (Previous attempts all have been pretty much solo) we hope to grow from 1 unique niche market into bigger competitive markets we're starting slow but I feel like i've finally learnt enough from past failures to grind this one out until we dominate each market before expanding. I have also learnt to understand money more, I no longer waste too much of my time doing the same thing day by day when I could just pay someone to get it done for me and work on other things instead of repetitive tasks.

    Doing a 180 back on money I don't really put them in savings as they tend to lock you in for a term with small returns when I believe i could invest them in business ideas or import to sell on the side which will make you way more than any savings account. I side hustle I do with my extra cash is import and sell locally for margins way over 1-5% lol picture $2 cost and $13 sale price. $55 Cost $110 sale cost... Yea no point putting them in savings when you can legit spend a few hours to research what wells and use your money on that.
    LOL its nothing to do with parting with money, its the more you invest early and the longer in whatever it is (property, index funds, private equity etc) generally the better its going to be. So how do you maximise how much you have to invest, sure hustle all you can - this seems to be your strength as you seem to be a sales guy - but for a lot of people when they start out all they have is their job, so the other half becomes minimising how much you spend, so you can have a decent amount left over to pump into investments.

    If I hadn't have done this it might have taken me much longer to save for a deposit on my first rental property back in 2002, heck if I had lived it up I might have brought a car or something and not brought that rental property. My life would be very different now. I'm pretty sure I would have a good job still, but I'd be paying off a mortgage, maybe have a little bit of money investments and be driving an ok car.

    As it is, I have no mortgage, am near 7 figures in investments, make ~10k a month passive income off that (have just had 3 months in a row where its been closer to $20k, so my heads kinda big right now) and I'm about to buy a $150k super car tomorrow.

    Theres no harm in living frugally, it teaches you financial discipline, it makes you become really value conscious. This is from my perspective having a finance / maths background, like I said you sound like your'e really good at sales so your approach might be different.
    Reply With Quote

  4. #34
    i need a tan mp83's Avatar
    Join Date: Dec 2011
    Location: Wisconsin, United States
    Posts: 10,097
    Rep Power: 97652
    mp83 has a brilliant future. Third best rank! (+40000) mp83 has a brilliant future. Third best rank! (+40000) mp83 has a brilliant future. Third best rank! (+40000) mp83 has a brilliant future. Third best rank! (+40000) mp83 has a brilliant future. Third best rank! (+40000) mp83 has a brilliant future. Third best rank! (+40000) mp83 has a brilliant future. Third best rank! (+40000) mp83 has a brilliant future. Third best rank! (+40000) mp83 has a brilliant future. Third best rank! (+40000) mp83 has a brilliant future. Third best rank! (+40000) mp83 has a brilliant future. Third best rank! (+40000)
    mp83 is offline
    I am 35 and am about 50% to financial independence. Should be there in 5-10 years. Feels good man.

    I make good money (6 figures), live frugally (expenses are about $35k per year). Max out the 401k and Roth and invest the rest in index funds.

    I've been doing it 5 years now and it's amazing how fast it goes up. Put as much as you can as soon as you can. Compound interest is amazing
    {Misc Fisherman Crew}
    {Misc Investing Crew}
    Reply With Quote

  5. #35
    Trancebrah _zman's Avatar
    Join Date: Jan 2009
    Age: 38
    Posts: 12,106
    Rep Power: 86161
    _zman has a brilliant future. Third best rank! (+40000) _zman has a brilliant future. Third best rank! (+40000) _zman has a brilliant future. Third best rank! (+40000) _zman has a brilliant future. Third best rank! (+40000) _zman has a brilliant future. Third best rank! (+40000) _zman has a brilliant future. Third best rank! (+40000) _zman has a brilliant future. Third best rank! (+40000) _zman has a brilliant future. Third best rank! (+40000) _zman has a brilliant future. Third best rank! (+40000) _zman has a brilliant future. Third best rank! (+40000) _zman has a brilliant future. Third best rank! (+40000)
    _zman is offline
    Originally Posted by NinjaBoots View Post
    I'm some where in the middle. I want to retire by 55 at the latest, but would love to accelerate that down to 45-50. Real estate is the way I imagine I will do this. Not buying and flipping, but buying a two family, fixing up, renting. Rinse and repeat. I really need to buckle down and start some research on this though. Does anyone have any good books/podcasts/youtube videos to get me started?
    You can pick up a book or two and know a lot more in a weekend. But for the most part it's a learn as you go type of game imo.

    I worked with a partner and what I know and what he knows are two different things. Something that worries him, I have to account for, but I wouldn't normally. So this business is actually pretty opinionated. So if I were to give any advice, go at it alone if you can.
    ★★★ A State of Trance Crew ★★★
    ♞♞♞ Misc Horse Head Crew ♞♞♞
    Reply With Quote

  6. #36
    don't **** up OfficerJimLahey's Avatar
    Join Date: Sep 2012
    Posts: 15,469
    Rep Power: 154246
    OfficerJimLahey has a reputation beyond repute. Second best rank possible! (+100000) OfficerJimLahey has a reputation beyond repute. Second best rank possible! (+100000) OfficerJimLahey has a reputation beyond repute. Second best rank possible! (+100000) OfficerJimLahey has a reputation beyond repute. Second best rank possible! (+100000) OfficerJimLahey has a reputation beyond repute. Second best rank possible! (+100000) OfficerJimLahey has a reputation beyond repute. Second best rank possible! (+100000) OfficerJimLahey has a reputation beyond repute. Second best rank possible! (+100000) OfficerJimLahey has a reputation beyond repute. Second best rank possible! (+100000) OfficerJimLahey has a reputation beyond repute. Second best rank possible! (+100000) OfficerJimLahey has a reputation beyond repute. Second best rank possible! (+100000) OfficerJimLahey has a reputation beyond repute. Second best rank possible! (+100000)
    OfficerJimLahey is offline
    my vehicle will be paid off next month. I made over a year's worth of payments on it this month. I am growing to hate having debt more and more. made some real solid progress this past year, still have some work to do but getting to where I want to be is in sight.
    Baltimore Orioles
    Most positive poster in this thread.


    MFC Poor Crew President and Founder.
    Reply With Quote

  7. #37
    Abortion survivor Miscbob's Avatar
    Join Date: Jul 2018
    Posts: 2,145
    Rep Power: 21614
    Miscbob has much to be proud of. One of the best! (+20000) Miscbob has much to be proud of. One of the best! (+20000) Miscbob has much to be proud of. One of the best! (+20000) Miscbob has much to be proud of. One of the best! (+20000) Miscbob has much to be proud of. One of the best! (+20000) Miscbob has much to be proud of. One of the best! (+20000) Miscbob has much to be proud of. One of the best! (+20000) Miscbob has much to be proud of. One of the best! (+20000) Miscbob has much to be proud of. One of the best! (+20000) Miscbob has much to be proud of. One of the best! (+20000) Miscbob has much to be proud of. One of the best! (+20000)
    Miscbob is offline
    Originally Posted by tunafish01 View Post
    Gary Vee Show
    Does this guy ever say anything tangible or is it just an endless pep talk?
    Reply With Quote

  8. #38
    Registered User whitepaper's Avatar
    Join Date: Jun 2011
    Posts: 14,697
    Rep Power: 56671
    whitepaper has much to be proud of. One of the best! (+20000) whitepaper has much to be proud of. One of the best! (+20000) whitepaper has much to be proud of. One of the best! (+20000) whitepaper has much to be proud of. One of the best! (+20000) whitepaper has much to be proud of. One of the best! (+20000) whitepaper has much to be proud of. One of the best! (+20000) whitepaper has much to be proud of. One of the best! (+20000) whitepaper has much to be proud of. One of the best! (+20000) whitepaper has much to be proud of. One of the best! (+20000) whitepaper has much to be proud of. One of the best! (+20000) whitepaper has much to be proud of. One of the best! (+20000)
    whitepaper is offline
    Originally Posted by Gizzyhardcore View Post
    Am 41 now, 42 soon, life goes so fast

    heres my story in cliffs

    - brought up relatively frugally, always kinda understood working, saving, delayed gratification
    - went to uni had no idea what i wanted to do, did maths (stats) changed to finance
    - first job out of uni (2001) was happy with living a slightly upgraded university lifestyle, didn't want for big things was saving money
    - read rich dad poor dad, suddenly had focus for that money
    - kept being frugal, saving, brought first rental property.
    - brought more, added in my brother as partner cause banks wouldnt lend to me anymore
    - went to work in london (2004), massive exchange rate difference meant it was like getting a 4x payrise on any money I sent home
    - returned to NZ in 2007, had some good work experience now, managed to get a near 6 figure job, brought a nice car - nice to me, a WRX
    - took focus off investing, got lazy. GFC hit - interest rates on my mortgages went up to 10%, 2 of my apartments needed major repairs cause leaky, and got laid off from job
    - by bye london savings, had to do ****ty contracting work
    - (2014) economy recovered, properties had gone up in value a lot
    - 2015, sold some of them off, paid back mortgages, started investing in shares, index funds, private equity and peer to peer lending
    - kept finger on the pulse of whats going on, read a lot more now, keep a spreadsheet that I update month that tracks everything (makes you think about it more)
    - have nice 2 bedroom apartment I live in no mortgage, nice car and and near $1m investments with about $300k low interest debt. Passive income is usually $5-$10k per month (economy has been real strong)
    - 2018, got a new job, 48% payrise over old one, everythings going good, still single though haha
    Where in NZ?

    I'd love to own property there, but from what I've seen in Auckland, prices are so stupid, that it surprises me how people live there. Not to mention, the hoards of Chinese immigrants that they allow to buy up any property. No wonder shiit holes are going for 1.5Mil+. Prices are worse than Vancouver, BC.
    2014 Misc Resolution: Negging no pics (screen captures of text don't count as pics)

    HairyWBush Reps for life - Hamster Compassion: https://forum.bodybuilding.com/showthread.php?t=181804893
    Reply With Quote

  9. #39
    Registered User tunafish01's Avatar
    Join Date: Jul 2017
    Age: 54
    Posts: 1,881
    Rep Power: 5781
    tunafish01 is a name known to all. (+5000) tunafish01 is a name known to all. (+5000) tunafish01 is a name known to all. (+5000) tunafish01 is a name known to all. (+5000) tunafish01 is a name known to all. (+5000) tunafish01 is a name known to all. (+5000) tunafish01 is a name known to all. (+5000) tunafish01 is a name known to all. (+5000) tunafish01 is a name known to all. (+5000) tunafish01 is a name known to all. (+5000) tunafish01 is a name known to all. (+5000)
    tunafish01 is offline
    Originally Posted by Miscbob View Post
    Does this guy ever say anything tangible or is it just an endless pep talk?
    I know, I stopped listening to him. Its a but much. I get following your dreams, but its a bit far fetched.
    Reply With Quote

  10. #40
    Banned fof7's Avatar
    Join Date: Aug 2018
    Age: 54
    Posts: 29
    Rep Power: 0
    fof7 will become famous soon enough. (+50) fof7 will become famous soon enough. (+50) fof7 will become famous soon enough. (+50) fof7 will become famous soon enough. (+50) fof7 will become famous soon enough. (+50) fof7 will become famous soon enough. (+50) fof7 will become famous soon enough. (+50) fof7 will become famous soon enough. (+50) fof7 will become famous soon enough. (+50) fof7 will become famous soon enough. (+50) fof7 will become famous soon enough. (+50)
    fof7 is offline
    having FU money is essential to living a 5 star life. wake up everyday working towards that goal
    Reply With Quote

  11. #41
    don't **** up OfficerJimLahey's Avatar
    Join Date: Sep 2012
    Posts: 15,469
    Rep Power: 154246
    OfficerJimLahey has a reputation beyond repute. Second best rank possible! (+100000) OfficerJimLahey has a reputation beyond repute. Second best rank possible! (+100000) OfficerJimLahey has a reputation beyond repute. Second best rank possible! (+100000) OfficerJimLahey has a reputation beyond repute. Second best rank possible! (+100000) OfficerJimLahey has a reputation beyond repute. Second best rank possible! (+100000) OfficerJimLahey has a reputation beyond repute. Second best rank possible! (+100000) OfficerJimLahey has a reputation beyond repute. Second best rank possible! (+100000) OfficerJimLahey has a reputation beyond repute. Second best rank possible! (+100000) OfficerJimLahey has a reputation beyond repute. Second best rank possible! (+100000) OfficerJimLahey has a reputation beyond repute. Second best rank possible! (+100000) OfficerJimLahey has a reputation beyond repute. Second best rank possible! (+100000)
    OfficerJimLahey is offline
    Originally Posted by OfficerJimLahey View Post
    my vehicle will be paid off next month. I made over a year's worth of payments on it this month. I am growing to hate having debt more and more. made some real solid progress this past year, still have some work to do but getting to where I want to be is in sight.
    yes quoting myself. paid it off today. approx 15 months of payments made in the last 2 months. feels good!
    Baltimore Orioles
    Most positive poster in this thread.


    MFC Poor Crew President and Founder.
    Reply With Quote

  12. #42
    Registered User tunafish01's Avatar
    Join Date: Jul 2017
    Age: 54
    Posts: 1,881
    Rep Power: 5781
    tunafish01 is a name known to all. (+5000) tunafish01 is a name known to all. (+5000) tunafish01 is a name known to all. (+5000) tunafish01 is a name known to all. (+5000) tunafish01 is a name known to all. (+5000) tunafish01 is a name known to all. (+5000) tunafish01 is a name known to all. (+5000) tunafish01 is a name known to all. (+5000) tunafish01 is a name known to all. (+5000) tunafish01 is a name known to all. (+5000) tunafish01 is a name known to all. (+5000)
    tunafish01 is offline
    Originally Posted by OfficerJimLahey View Post
    yes quoting myself. paid it off today. approx 15 months of payments made in the last 2 months. feels good!
    Good job man!

    Just closed on my place today. PITI is 1200 a month. Renting out one room for $500 plus utilities and $425 plus utilities.

    Hoping to pay it off in 15 years vs 30.
    Reply With Quote

  13. #43
    Registered User yeshli2nuts's Avatar
    Join Date: Jul 2010
    Location: Florida, United States
    Age: 36
    Posts: 7,556
    Rep Power: 50144
    yeshli2nuts has much to be proud of. One of the best! (+20000) yeshli2nuts has much to be proud of. One of the best! (+20000) yeshli2nuts has much to be proud of. One of the best! (+20000) yeshli2nuts has much to be proud of. One of the best! (+20000) yeshli2nuts has much to be proud of. One of the best! (+20000) yeshli2nuts has much to be proud of. One of the best! (+20000) yeshli2nuts has much to be proud of. One of the best! (+20000) yeshli2nuts has much to be proud of. One of the best! (+20000) yeshli2nuts has much to be proud of. One of the best! (+20000) yeshli2nuts has much to be proud of. One of the best! (+20000) yeshli2nuts has much to be proud of. One of the best! (+20000)
    yeshli2nuts is offline
    Originally Posted by tunafish01 View Post
    Good job man!

    Just closed on my place today. PITI is 1200 a month. Renting out one room for $500 plus utilities and $425 plus utilities.

    Hoping to pay it off in 15 years vs 30.
    What kind of interest rate did you get? I got 3.875% on my house I bought back in February which is lower than many other investment options. That being the case, I decided to go for the 30-year with minimum down payment (20% in order to avoid PMI), even though I could afford 15-year or more cash down, just because of how good the interest rate was. If you're talking about 30 years, you will definitely get better interest putting that cash into the stock market.
    Never neg first but always neg back crew
    Reply With Quote

  14. #44
    Registered User blademontane's Avatar
    Join Date: May 2015
    Age: 54
    Posts: 68
    Rep Power: 325
    blademontane will become famous soon enough. (+50) blademontane will become famous soon enough. (+50) blademontane will become famous soon enough. (+50) blademontane will become famous soon enough. (+50) blademontane will become famous soon enough. (+50) blademontane will become famous soon enough. (+50) blademontane will become famous soon enough. (+50) blademontane will become famous soon enough. (+50) blademontane will become famous soon enough. (+50) blademontane will become famous soon enough. (+50) blademontane will become famous soon enough. (+50)
    blademontane is offline
    I've started up an affiliate website a little over a week ago, and am constantly adding more content to flesh it out. I'm planning on scaling it up in size until I'm making enough money to quit my day job, and support my future family.

    At the moment, both my partner and I make a little over £25k combined, after tax. We've saved £7k so far for the mortgage on a house. I want to be making enough money to be able to stay at home with her all the time.
    "Wennschon Dennschon"

    Bodybuilder/Powerlifter.
    Reply With Quote

  15. #45
    Registered Patriot Omnivium's Avatar
    Join Date: Feb 2013
    Location: United States
    Posts: 15,093
    Rep Power: 74282
    Omnivium has much to be proud of. One of the best! (+20000) Omnivium has much to be proud of. One of the best! (+20000) Omnivium has much to be proud of. One of the best! (+20000) Omnivium has much to be proud of. One of the best! (+20000) Omnivium has much to be proud of. One of the best! (+20000) Omnivium has much to be proud of. One of the best! (+20000) Omnivium has much to be proud of. One of the best! (+20000) Omnivium has much to be proud of. One of the best! (+20000) Omnivium has much to be proud of. One of the best! (+20000) Omnivium has much to be proud of. One of the best! (+20000) Omnivium has much to be proud of. One of the best! (+20000)
    Omnivium is online now
    Is now a good time to invest in the stock market? It's been on a bull run for 9 years now...
    Reply With Quote

  16. #46
    Truth Teller Aesthetical's Avatar
    Join Date: Jan 2011
    Location: United States
    Posts: 19,816
    Rep Power: 53111
    Aesthetical has much to be proud of. One of the best! (+20000) Aesthetical has much to be proud of. One of the best! (+20000) Aesthetical has much to be proud of. One of the best! (+20000) Aesthetical has much to be proud of. One of the best! (+20000) Aesthetical has much to be proud of. One of the best! (+20000) Aesthetical has much to be proud of. One of the best! (+20000) Aesthetical has much to be proud of. One of the best! (+20000) Aesthetical has much to be proud of. One of the best! (+20000) Aesthetical has much to be proud of. One of the best! (+20000) Aesthetical has much to be proud of. One of the best! (+20000) Aesthetical has much to be proud of. One of the best! (+20000)
    Aesthetical is offline
    Originally Posted by Omnivium View Post
    Is now a good time to invest in the stock market? It's been on a bull run for 9 years now...
    Its always a good time to start investing. Just depends if you have a large pool or money to dump in or are just going to start investing a set amount every month. In 30+ years, looking back at the timing to start investing is going to be insignificant. Likely, the market will bounce up and down pretty dramatically at least twice in your investment lifetime.
    PUBG - X1
    xX nRAG3D Xx

    MCC Crew: WTC crew
    Reply With Quote

  17. #47
    Registered User ruskiMishka's Avatar
    Join Date: Jul 2014
    Age: 33
    Posts: 1,841
    Rep Power: 6271
    ruskiMishka is a name known to all. (+5000) ruskiMishka is a name known to all. (+5000) ruskiMishka is a name known to all. (+5000) ruskiMishka is a name known to all. (+5000) ruskiMishka is a name known to all. (+5000) ruskiMishka is a name known to all. (+5000) ruskiMishka is a name known to all. (+5000) ruskiMishka is a name known to all. (+5000) ruskiMishka is a name known to all. (+5000) ruskiMishka is a name known to all. (+5000) ruskiMishka is a name known to all. (+5000)
    ruskiMishka is offline
    Index fund recommendations?

    I have about 10k just sitting, and another 10k in individual stocks (at a loss right now). Was debating on taking my losses and putting them into an ETF for time being while i rethink my plan.
    Посмотри на меня - самый модный тренд (В тренде!)
    Гоша Рубчинский - это мой best friend
    goon shxt 與太者
    Coming soon.
    Reply With Quote

  18. #48
    Registered User tunafish01's Avatar
    Join Date: Jul 2017
    Age: 54
    Posts: 1,881
    Rep Power: 5781
    tunafish01 is a name known to all. (+5000) tunafish01 is a name known to all. (+5000) tunafish01 is a name known to all. (+5000) tunafish01 is a name known to all. (+5000) tunafish01 is a name known to all. (+5000) tunafish01 is a name known to all. (+5000) tunafish01 is a name known to all. (+5000) tunafish01 is a name known to all. (+5000) tunafish01 is a name known to all. (+5000) tunafish01 is a name known to all. (+5000) tunafish01 is a name known to all. (+5000)
    tunafish01 is offline
    Originally Posted by yeshli2nuts View Post
    What kind of interest rate did you get? I got 3.875% on my house I bought back in February which is lower than many other investment options. That being the case, I decided to go for the 30-year with minimum down payment (20% in order to avoid PMI), even though I could afford 15-year or more cash down, just because of how good the interest rate was. If you're talking about 30 years, you will definitely get better interest putting that cash into the stock market.
    I got a high 4% interest rate, kinda sucks, but will be looking to pay down the principal asap.

    Originally Posted by Omnivium View Post
    Is now a good time to invest in the stock market? It's been on a bull run for 9 years now...
    Time in the market > Timing the market. Youre young bro, just set it and let it ride.

    Originally Posted by ruskiMishka View Post
    Index fund recommendations?

    I have about 10k just sitting, and another 10k in individual stocks (at a loss right now). Was debating on taking my losses and putting them into an ETF for time being while i rethink my plan.
    What stocks do you have?

    For index funds I use Vanguards Total US Stock Market Fund (VTSAX). Id recommend using them for just about everything.
    Reply With Quote

  19. #49
    4doorsmorewhores SpeedCheeser's Avatar
    Join Date: Apr 2010
    Location: Texas, United States
    Posts: 10,793
    Rep Power: 147981
    SpeedCheeser has a reputation beyond repute. Second best rank possible! (+100000) SpeedCheeser has a reputation beyond repute. Second best rank possible! (+100000) SpeedCheeser has a reputation beyond repute. Second best rank possible! (+100000) SpeedCheeser has a reputation beyond repute. Second best rank possible! (+100000) SpeedCheeser has a reputation beyond repute. Second best rank possible! (+100000) SpeedCheeser has a reputation beyond repute. Second best rank possible! (+100000) SpeedCheeser has a reputation beyond repute. Second best rank possible! (+100000) SpeedCheeser has a reputation beyond repute. Second best rank possible! (+100000) SpeedCheeser has a reputation beyond repute. Second best rank possible! (+100000) SpeedCheeser has a reputation beyond repute. Second best rank possible! (+100000) SpeedCheeser has a reputation beyond repute. Second best rank possible! (+100000)
    SpeedCheeser is offline
    Originally Posted by Omnivium View Post
    Is now a good time to invest in the stock market? It's been on a bull run for 9 years now...
    You're 25. It is absolutely a good time to start investing in the market. The key is that when the inevitable crash happens, you continue investing in the market.
    Misc Firearms Crew

    Official Supp. Misc Beer Crew

    RIP YGST
    Reply With Quote

  20. #50
    Registered User yeshli2nuts's Avatar
    Join Date: Jul 2010
    Location: Florida, United States
    Age: 36
    Posts: 7,556
    Rep Power: 50144
    yeshli2nuts has much to be proud of. One of the best! (+20000) yeshli2nuts has much to be proud of. One of the best! (+20000) yeshli2nuts has much to be proud of. One of the best! (+20000) yeshli2nuts has much to be proud of. One of the best! (+20000) yeshli2nuts has much to be proud of. One of the best! (+20000) yeshli2nuts has much to be proud of. One of the best! (+20000) yeshli2nuts has much to be proud of. One of the best! (+20000) yeshli2nuts has much to be proud of. One of the best! (+20000) yeshli2nuts has much to be proud of. One of the best! (+20000) yeshli2nuts has much to be proud of. One of the best! (+20000) yeshli2nuts has much to be proud of. One of the best! (+20000)
    yeshli2nuts is offline
    Originally Posted by Omnivium View Post
    Is now a good time to invest in the stock market? It's been on a bull run for 9 years now...
    If you're going to try to beat the ups and downs of the market, you're going to fail, just like the geniuses of Wall Street continue to fail. There's no way to know when the next crash is coming. Yeah it's been on a bull run for 9 years now, I remember 5 years ago when people were saying "it's been on a bull run for 4 years now, the crash is coming soon".
    Never neg first but always neg back crew
    Reply With Quote

  21. #51
    Registered User ruskiMishka's Avatar
    Join Date: Jul 2014
    Age: 33
    Posts: 1,841
    Rep Power: 6271
    ruskiMishka is a name known to all. (+5000) ruskiMishka is a name known to all. (+5000) ruskiMishka is a name known to all. (+5000) ruskiMishka is a name known to all. (+5000) ruskiMishka is a name known to all. (+5000) ruskiMishka is a name known to all. (+5000) ruskiMishka is a name known to all. (+5000) ruskiMishka is a name known to all. (+5000) ruskiMishka is a name known to all. (+5000) ruskiMishka is a name known to all. (+5000) ruskiMishka is a name known to all. (+5000)
    ruskiMishka is offline
    Originally Posted by tunafish01 View Post

    What stocks do you have?

    For index funds I use Vanguards Total US Stock Market Fund (VTSAX). Id recommend using them for just about everything.
    Gamble OTC: ADTM, XALL
    PLUG, BLDP, FCEL, and NAKD which i fked up on with the app by selling instead of averaging down.. so my 800$ profit got raped with the downtrend.

    I had AMD and NVDA from when they were 1.80 and 22 respectively, back when i first started and had no money. Also made a 8k profit on a option call so im pretty much even, even though those other ones are pulling me down.
    Last edited by ruskiMishka; 08-20-2018 at 05:43 PM.
    Посмотри на меня - самый модный тренд (В тренде!)
    Гоша Рубчинский - это мой best friend
    goon shxt 與太者
    Coming soon.
    Reply With Quote

  22. #52
    Registered User joshgamer's Avatar
    Join Date: Jun 2018
    Age: 54
    Posts: 51
    Rep Power: 0
    joshgamer is not very well liked. (-100) joshgamer is not very well liked. (-100) joshgamer is not very well liked. (-100) joshgamer is not very well liked. (-100) joshgamer is not very well liked. (-100) joshgamer is not very well liked. (-100) joshgamer is not very well liked. (-100) joshgamer is not very well liked. (-100) joshgamer is not very well liked. (-100) joshgamer is not very well liked. (-100) joshgamer is not very well liked. (-100)
    joshgamer is offline
    These replies are super inspiring, I'm 26 and only been working towards financial freedom for 12 months.

    So far I've got £12,000 ($15,000) invested into Cryptocurrency and also I'm in a property investment with my parents which will yield a massive profit when we sell the family home in a couple years.

    Now I've setup an auto savings transfer and I'm saving for my first rental property, I need £15,000 ($19,000) will hopefully have that in 12 months by September 2019.

    To occupy my mind for the next year I'll just be focusing Powerlifting and travelling the world while my savings grow, and hopefully in a year my cryptocurrency will be worth more but no worries if not as I've got backup plans.

    Thanks to everyone for all the advice, this threads awesome
    My Workout Log:

    https://forum.bodybuilding.com/showthread.php?t=176131141

    Current PR's:
    Squat - 140KG/315lb
    Bench - 130KG/286lb
    Deadlift - 200KG/440lb
    Reply With Quote

  23. #53
    4doorsmorewhores SpeedCheeser's Avatar
    Join Date: Apr 2010
    Location: Texas, United States
    Posts: 10,793
    Rep Power: 147981
    SpeedCheeser has a reputation beyond repute. Second best rank possible! (+100000) SpeedCheeser has a reputation beyond repute. Second best rank possible! (+100000) SpeedCheeser has a reputation beyond repute. Second best rank possible! (+100000) SpeedCheeser has a reputation beyond repute. Second best rank possible! (+100000) SpeedCheeser has a reputation beyond repute. Second best rank possible! (+100000) SpeedCheeser has a reputation beyond repute. Second best rank possible! (+100000) SpeedCheeser has a reputation beyond repute. Second best rank possible! (+100000) SpeedCheeser has a reputation beyond repute. Second best rank possible! (+100000) SpeedCheeser has a reputation beyond repute. Second best rank possible! (+100000) SpeedCheeser has a reputation beyond repute. Second best rank possible! (+100000) SpeedCheeser has a reputation beyond repute. Second best rank possible! (+100000)
    SpeedCheeser is offline
    You should be looking at crypto as more of a gamble than an investment.
    Misc Firearms Crew

    Official Supp. Misc Beer Crew

    RIP YGST
    Reply With Quote

  24. #54
    Registered User joshgamer's Avatar
    Join Date: Jun 2018
    Age: 54
    Posts: 51
    Rep Power: 0
    joshgamer is not very well liked. (-100) joshgamer is not very well liked. (-100) joshgamer is not very well liked. (-100) joshgamer is not very well liked. (-100) joshgamer is not very well liked. (-100) joshgamer is not very well liked. (-100) joshgamer is not very well liked. (-100) joshgamer is not very well liked. (-100) joshgamer is not very well liked. (-100) joshgamer is not very well liked. (-100) joshgamer is not very well liked. (-100)
    joshgamer is offline
    Thanks I know man, nobody knows what going to happen with cryptocurrency although I do think history repeats itself and there's a lot of positives coming out from institutional investors so I'm willing to take that risk in my 20's and it's only risking 12 months of savings.

    Although yeah like you said I will count any money in cryptocurrency as forgotten about and now build up safe assets like property etc.
    My Workout Log:

    https://forum.bodybuilding.com/showthread.php?t=176131141

    Current PR's:
    Squat - 140KG/315lb
    Bench - 130KG/286lb
    Deadlift - 200KG/440lb
    Reply With Quote

  25. #55
    Banned denmarker's Avatar
    Join Date: Jul 2018
    Age: 54
    Posts: 60
    Rep Power: 0
    denmarker is on a distinguished road. (+10) denmarker is on a distinguished road. (+10) denmarker is on a distinguished road. (+10) denmarker is on a distinguished road. (+10) denmarker is on a distinguished road. (+10) denmarker is on a distinguished road. (+10) denmarker is on a distinguished road. (+10) denmarker is on a distinguished road. (+10) denmarker is on a distinguished road. (+10) denmarker is on a distinguished road. (+10) denmarker is on a distinguished road. (+10)
    denmarker is offline
    Originally Posted by mp83 View Post
    I've been doing it 5 years now and it's amazing how fast it goes up. Put as much as you can as soon as you can. Compound interest is amazing
    totally agree with compounding.
    pls compound with stocks or funds, don't compound with those low growth insurance policies.
    Reply With Quote

  26. #56
    Registered User tunafish01's Avatar
    Join Date: Jul 2017
    Age: 54
    Posts: 1,881
    Rep Power: 5781
    tunafish01 is a name known to all. (+5000) tunafish01 is a name known to all. (+5000) tunafish01 is a name known to all. (+5000) tunafish01 is a name known to all. (+5000) tunafish01 is a name known to all. (+5000) tunafish01 is a name known to all. (+5000) tunafish01 is a name known to all. (+5000) tunafish01 is a name known to all. (+5000) tunafish01 is a name known to all. (+5000) tunafish01 is a name known to all. (+5000) tunafish01 is a name known to all. (+5000)
    tunafish01 is offline
    bump, its been a while
    Reply With Quote

  27. #57
    Registered Physiologist Goose102's Avatar
    Join Date: Jun 2006
    Posts: 3,552
    Rep Power: 21045
    Goose102 has much to be proud of. One of the best! (+20000) Goose102 has much to be proud of. One of the best! (+20000) Goose102 has much to be proud of. One of the best! (+20000) Goose102 has much to be proud of. One of the best! (+20000) Goose102 has much to be proud of. One of the best! (+20000) Goose102 has much to be proud of. One of the best! (+20000) Goose102 has much to be proud of. One of the best! (+20000) Goose102 has much to be proud of. One of the best! (+20000) Goose102 has much to be proud of. One of the best! (+20000) Goose102 has much to be proud of. One of the best! (+20000) Goose102 has much to be proud of. One of the best! (+20000)
    Goose102 is offline
    Just rolled an old employer 401K into Vanguard last week. I split the money 60/20/20 in total stock market/total int. market/total bond market
    Also have a target date fund through them.

    My fiancé works for the state and has her 403B, and pension (if it still exists by retirement).

    We have our wedding/honeymoon planned and were able to budget/side hustle well enough to have paid both off completely without going into any debt. That feels good man.

    Our biggest goals post wedding: pay-down both of our cars (financed), pay down the rest of my student loans (50K, but tiny interest rates), and save for a house.

    All in all, we're looking good for being just 27 years old.
    B.S. Exercise Physiology
    NASM-CPT
    MMA Brah
    Reply With Quote

  28. #58
    Registered User MousePad's Avatar
    Join Date: Jan 2012
    Location: Rhode Island, United States
    Age: 32
    Posts: 1,254
    Rep Power: 5815
    MousePad is a name known to all. (+5000) MousePad is a name known to all. (+5000) MousePad is a name known to all. (+5000) MousePad is a name known to all. (+5000) MousePad is a name known to all. (+5000) MousePad is a name known to all. (+5000) MousePad is a name known to all. (+5000) MousePad is a name known to all. (+5000) MousePad is a name known to all. (+5000) MousePad is a name known to all. (+5000) MousePad is a name known to all. (+5000)
    MousePad is offline
    I’ve been utilizing the DRIP in my Roth IRA however since I can’t touch that until quite some time (26 now). I just recently opened up an individual tax account so it can actually supplement my income when it gets highs enough..

    The current career path I am on right now I cannot retire until I am 50 if I want that state pension. I do enjoy what i do and don’t plan on “leaving early” however, My goal is to have enough FI And supplemental income to where if I wanted to quit whenever I wanted to I could.

    And like other people said I just want to be able to handle whatever life throws at me without issue, if I want to go buy a brand new sports car or tuck one day I can just do it without having to look back and think or re arrange some finances.

    Currently the only major debt I have is my somewhat high interest rate car payment (under 10k used car, first time getting from dealer, NEEDED the car within a few days so I didn’t look at interest rate) now I owe about 5k left and I pay more than the monthly minimum each month to boost the process.

    I pay off my credit card 100% each month. I do need to start keeping It at home though because I get carried away with eating out.

    Currently shopping for a house. (Most likely single family now, living for a few years/ repairs if need to and selling for a profit or using as a rental)
    ** KNEE DRAGGERS UNITE **
    ++ Positive Crew ++
    Reply With Quote

  29. #59
    Registered User tripod29's Avatar
    Join Date: Oct 2017
    Age: 37
    Posts: 12,960
    Rep Power: 298876
    tripod29 has a reputation beyond repute. Second best rank possible! (+100000) tripod29 has a reputation beyond repute. Second best rank possible! (+100000) tripod29 has a reputation beyond repute. Second best rank possible! (+100000) tripod29 has a reputation beyond repute. Second best rank possible! (+100000) tripod29 has a reputation beyond repute. Second best rank possible! (+100000) tripod29 has a reputation beyond repute. Second best rank possible! (+100000) tripod29 has a reputation beyond repute. Second best rank possible! (+100000) tripod29 has a reputation beyond repute. Second best rank possible! (+100000) tripod29 has a reputation beyond repute. Second best rank possible! (+100000) tripod29 has a reputation beyond repute. Second best rank possible! (+100000) tripod29 has a reputation beyond repute. Second best rank possible! (+100000)
    tripod29 is online now
    Subbed
    Reply With Quote

  30. #60
    Cutting Frank Drebin's Avatar
    Join Date: Jul 2007
    Location: Canada
    Posts: 20,309
    Rep Power: 85358
    Frank Drebin has a brilliant future. Third best rank! (+40000) Frank Drebin has a brilliant future. Third best rank! (+40000) Frank Drebin has a brilliant future. Third best rank! (+40000) Frank Drebin has a brilliant future. Third best rank! (+40000) Frank Drebin has a brilliant future. Third best rank! (+40000) Frank Drebin has a brilliant future. Third best rank! (+40000) Frank Drebin has a brilliant future. Third best rank! (+40000) Frank Drebin has a brilliant future. Third best rank! (+40000) Frank Drebin has a brilliant future. Third best rank! (+40000) Frank Drebin has a brilliant future. Third best rank! (+40000) Frank Drebin has a brilliant future. Third best rank! (+40000)
    Frank Drebin is offline
    Originally Posted by SpeedCheeser View Post
    You're 25. It is absolutely a good time to start investing in the market. The key is that when the inevitable crash happens, you continue investing in the market.
    there was a graphic on Reddit I believe that showed if you lump summed invested in the s&p the day before major crashes ('87,'01,'08) your returns would still be phenomenal
    Reply With Quote

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts