How do we make our dreams come true?
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Suzuka Master
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How do we make our dreams come true?
All right, apparently it's not as simple as having a great salary and continuing to live below your means.
I'm wondering if anyone has found (or made) a fancy "dreams calculator." I've found all sorts of "how much do you need to save every month to be a millionaire by 40" calculators, but I am wondering if there's anything out there that's more specific.
In other words, let's say I have the following goals:
4 children, private schooling throughout, then college.
A used car for each of them at age 18.
Own a home (with at least 5 bedrooms for my 4 kids).
6-car garage (probably built after home purchase - to Scott's specs)
6 cars to go in said garage (always one economical car, one sporty car, 1 kid-transporter, 3 classics)
Replace economical and kid-transporting cars every 6 years
Retire at 55 (in 2035)
Is there anything out there that takes into account the average cost to raise kids, sending to private school, then college, at least one car each? Then adds in inflation over the course of my life, the expense of a new today-$30k car every 6 years, the likely mortgage interest rate for a couple with good credit, etc... and will tell you how much you need to make in salary AND how much you should be saving in order to reach those goals comfortably?
If there isn't something like this, shouldn't someone design it? I'd think all you had to do is use average historic inflation and interest rates...
I'm wondering if anyone has found (or made) a fancy "dreams calculator." I've found all sorts of "how much do you need to save every month to be a millionaire by 40" calculators, but I am wondering if there's anything out there that's more specific.
In other words, let's say I have the following goals:
4 children, private schooling throughout, then college.
A used car for each of them at age 18.
Own a home (with at least 5 bedrooms for my 4 kids).
6-car garage (probably built after home purchase - to Scott's specs)
6 cars to go in said garage (always one economical car, one sporty car, 1 kid-transporter, 3 classics)
Replace economical and kid-transporting cars every 6 years
Retire at 55 (in 2035)
Is there anything out there that takes into account the average cost to raise kids, sending to private school, then college, at least one car each? Then adds in inflation over the course of my life, the expense of a new today-$30k car every 6 years, the likely mortgage interest rate for a couple with good credit, etc... and will tell you how much you need to make in salary AND how much you should be saving in order to reach those goals comfortably?
If there isn't something like this, shouldn't someone design it? I'd think all you had to do is use average historic inflation and interest rates...
dɐɹɔ ǝɥʇ ʇɐɥʍ
Joined: Jan 2004
Posts: 7,522
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From: Lexington, KY
Sit down with a financial planner, you have your goals laid out, that's the hard part, the next step is to start planning to make it happen. Those are fairly ambitious goals, but with proper planning and doing with out now, I am sure you can achieve all of the items on your list.
I have no clue what you two make now or what your current savings are - but just food for thought I am saving $1600+ per month and have been for a number of years(currently have $70k +/- in retirement type savings) now and I think those goals may be hard to obtain for me, keep in mind I am a few years younger and live in a cheaper area. But like I said I have no clue what your making/saving/have saved already and what your willing to sacrafice.
I have no clue what you two make now or what your current savings are - but just food for thought I am saving $1600+ per month and have been for a number of years(currently have $70k +/- in retirement type savings) now and I think those goals may be hard to obtain for me, keep in mind I am a few years younger and live in a cheaper area. But like I said I have no clue what your making/saving/have saved already and what your willing to sacrafice.
dɐɹɔ ǝɥʇ ʇɐɥʍ
Joined: Jan 2004
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From: Lexington, KY
Originally Posted by csmeance
save a little everymonth, get a money market account, it has 4.5% interest
Don't do that, that's not how you achieve wealth. That's the way to have a small emergency fund that is keeping up with inflation. I keep so little in that type of account its hardly worth mentioning, however, it is good to keep a little money available quickly. Long term you should make at least 10% annually or your being robbed, but opening the right type of account is key to avoid paying taxes on this money. That's another problem with a money market account, you are taxed on your 4-5% as capital gains, bringing it down to LESS then inflation. With how quickly you can buy/sell mutual funds these days I hardly see a money market account being worth while.And when you have lofty goals you need to do more then save a little, you have to be disciplined. If you saved $100/ month in a money market account and had a kid in 9 months, you wouldn't even have enough to put him through private school - with the goals she has, they are going to need a very strict plan and stick to it, which is very difficult to do for the first few years.
Suzuka Master
Joined: Jun 2003
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From: SoCal
let's talk realistically...while living in sunny socal, you and scott will either need to inherit/come into a good amount of money, or be banking at least $250-300K annually to afford those "goals."
Thread Starter
Suzuka Master
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Originally Posted by CrockPot
let's talk realistically...while living in sunny socal, you and scott will either need to inherit/come into a good amount of money, or be banking at least $250-300K annually to afford those "goals."
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Thread Starter
Suzuka Master
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Seriously, though, we just realized that we're seriously overspending and not saving enough, so I want a "Doomsday Estimate" to kick us both in the ass and realize how we have to change our habits in order to do what we want...
The mere fact that you guys say those are lofty goals shows me how out of touch I am... the goals outlined above are a pretty bare minimum of what we have in mind. The only thing we already have are three of the 6 cars I mentioned, and only one of those is an "investment car." The private school is only mandatory if we live in an area with bad public schools.
Because the thing is, I don't think we'll ever be able to settle in SoCal with a family; it's just too expensive out here. I see us building a nest egg out here while renting and making Cali-style salaries, then moving somewhere cheaper and buying a home and living on less.
We're just at that point in life... Scott's looking for a career, I'm moving forward in mine, we're no longer getting financial assistance from the parents, and it's time to stop living in la la land and doing something serious.
The mere fact that you guys say those are lofty goals shows me how out of touch I am... the goals outlined above are a pretty bare minimum of what we have in mind. The only thing we already have are three of the 6 cars I mentioned, and only one of those is an "investment car." The private school is only mandatory if we live in an area with bad public schools.
Because the thing is, I don't think we'll ever be able to settle in SoCal with a family; it's just too expensive out here. I see us building a nest egg out here while renting and making Cali-style salaries, then moving somewhere cheaper and buying a home and living on less.
We're just at that point in life... Scott's looking for a career, I'm moving forward in mine, we're no longer getting financial assistance from the parents, and it's time to stop living in la la land and doing something serious.
Suzuka Master
Joined: Oct 2003
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From: Lakeway, TX
Almost every online broker has financial planning tools that allow you to make this calculation. The trick is correclty estimating mean rates of return. Frankly I think the 10 -12% figure bandied about by brokers and financial planners is a little optimistic - especially if you are projecting more than ten years into the future. Ultimately, unless corporate profit margins were to expand markedly profit growth is constrained by the growth of the economy. Real GDP growth is roughly 3.5 - 5.0% per year. That would translate into 6.5 - 8.0% growth.
Also, since most brokers/financial planners are well versed in espousing a bullish view on the economy you may want to look at sites like www.prudentbear.com to get an opposing view.
Also, since most brokers/financial planners are well versed in espousing a bullish view on the economy you may want to look at sites like www.prudentbear.com to get an opposing view.
Team Owner
Joined: Jan 2001
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From: Jersey
Considering where you live and that I'm guessing housing there is very expensive you will need to have a combined income of about 300k/year to achieve that or a big check from mommy/daddy/other relatives.
Keep in mind that todays 30k car will cost 35k in 6 years, in 12 years its 40k.
What's a 5 bedroom house with 6 car garage go for there? Over a $1mil easy I bet.
Keep in mind that todays 30k car will cost 35k in 6 years, in 12 years its 40k.
What's a 5 bedroom house with 6 car garage go for there? Over a $1mil easy I bet.
Suzuka Master
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From: SoCal
Originally Posted by doopstr
Considering where you live and that I'm guessing housing there is very expensive you will need to have a combined income of about 300k/year to achieve that or a big check from mommy/daddy/other relatives.
Keep in mind that todays 30k car will cost 35k in 6 years, in 12 years its 40k.
What's a 5 bedroom house with 6 car garage go for there? Over a $1mil easy I bet.
Keep in mind that todays 30k car will cost 35k in 6 years, in 12 years its 40k.
What's a 5 bedroom house with 6 car garage go for there? Over a $1mil easy I bet.
a 5 bedroom house with room for a 6 car garage will be closer to $2mil. $1mil will just buy you a "modest" 4 bedroom, 3 car garage.
05/5AT/Navi/ABP/Quartz
Joined: Nov 2004
Posts: 3,348
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From: Central CA
Seems to me that you need to consider at least two additional considerations.
1. You might want to relocate to an area with much less expensive housing.
2. If you are making primarily financial rather than lifestyle decisions, you might want to think about going into business for yourselves or getting lot of education.
FWIW - Are you really wanting to make the scrafices necessary to obtain these material accompolishments? They alone will not make you or you family happy. There are no guarantees. My $.02 after 55+ years.
1. You might want to relocate to an area with much less expensive housing.
2. If you are making primarily financial rather than lifestyle decisions, you might want to think about going into business for yourselves or getting lot of education.
FWIW - Are you really wanting to make the scrafices necessary to obtain these material accompolishments? They alone will not make you or you family happy. There are no guarantees. My $.02 after 55+ years.
05/5AT/Navi/ABP/Quartz
Joined: Nov 2004
Posts: 3,348
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From: Central CA
A few more thoughts....
Read something like 'The Millionaire Next Door' and follow those principals.
Buy some real estate and stop buying cars. My first house, purchased for $24,000 many years ago is now valued at over $200,000 (I don't still own it though). We got lucky with real estate (income property held for long term) a little later in life because I work in the industry. Again, educate yourselves about everything that you may be interested in. YMMV
Read something like 'The Millionaire Next Door' and follow those principals.
Buy some real estate and stop buying cars. My first house, purchased for $24,000 many years ago is now valued at over $200,000 (I don't still own it though). We got lucky with real estate (income property held for long term) a little later in life because I work in the industry. Again, educate yourselves about everything that you may be interested in. YMMV
Joined: May 2000
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From: where the weather suits my clothes
Start selling what you're smoking. 
I agree with what everyone said. Biggest issue is your location. When Scott decides on a career it's probably time to start looking at other regions of the country.
Since you don't currently have kids, I say sock as much money as you can away for retirement. Once the kids start coming, you'll quickly realize you have a LOT less money left after each month.
"Pay yourself first" Read the Automatic Millionaire.
I agree with what everyone said. Biggest issue is your location. When Scott decides on a career it's probably time to start looking at other regions of the country.
Since you don't currently have kids, I say sock as much money as you can away for retirement. Once the kids start coming, you'll quickly realize you have a LOT less money left after each month.
"Pay yourself first" Read the Automatic Millionaire.
Suzuka Master
Joined: Jun 2003
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From: SoCal
Originally Posted by SakiGT
Honestly, while I think dreaming is important, youve got many expensive goals.
I think listing things in order of importance would be helpful. Would you give up the extra car to have an extra kid?
I think listing things in order of importance would be helpful. Would you give up the extra car to have an extra kid?
Suzuka Master
Joined: Aug 2003
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From: MD
I saw an article on yahoo finance a while ago detailing what it would take to live an "upper-class" lifestyle in different regions of the country. some parts were simliar to your goals, some were different. Actually I think it was a little more tame than your goals. But for some areas it said you would need 200k-300k per year AFTER taxes, and in other areas that number went up to 400k-500k. Good luck. I wish i could find that article, it was insightful.
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Suzuka Master
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The four kids are non-negotiable, but the private school depends on the area we live in. I already said we probably won't settle in SoCal and get the stuff we want.
Obviously none of the stuff listed is a "need". That's why I titled the thread, "How do we make our dreams come true?" This is just how our families and older friends are currently set up (fewer kids, more cars for most of them), but they're all wildly successful and I'm just wondering how wild I have to be to get where they are.
Obviously none of the stuff listed is a "need". That's why I titled the thread, "How do we make our dreams come true?" This is just how our families and older friends are currently set up (fewer kids, more cars for most of them), but they're all wildly successful and I'm just wondering how wild I have to be to get where they are.
Suzuka Master
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Just make goals and stick with them.
Little things tend to get in the way. Is eating out every night of the week as important as that 5th car (some people could make a car payment with just savings by eating at home). Same with mall outings, electronics, other hobbies, etc.
Little things tend to get in the way. Is eating out every night of the week as important as that 5th car (some people could make a car payment with just savings by eating at home). Same with mall outings, electronics, other hobbies, etc.
Senior Moderator
Joined: Aug 2002
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From: Swansea, MA
go to Vegas and put it all on the black
There are formulas out there for calculating this type of stuff, but you need to be an economics major to understand it all
Just for general information purposes, 'cause some other people might not be familiar w/ the "millionaire by 40" calculators:
Money market accounts are a good way to create income, but without risk, there isn't much gain
If you want to make money, you have to invest in things with a higher rate of return...
Generally you should be able to double your investment in 7 years...
http://www.oswego.edu/~dighe/cecch4.htm
There are formulas out there for calculating this type of stuff, but you need to be an economics major to understand it all
Just for general information purposes, 'cause some other people might not be familiar w/ the "millionaire by 40" calculators:
Money market accounts are a good way to create income, but without risk, there isn't much gain
If you want to make money, you have to invest in things with a higher rate of return...
Generally you should be able to double your investment in 7 years...
http://www.oswego.edu/~dighe/cecch4.htm
THE RULE OF 72:
An asset with a compounded annual return of X% will double in value in approximately 72/X years.
This rule is very handy because the number 72 is evenly divisible by a lot of numbers (1, 2, 3, 4, 6, 8, 9, 12, 18). As long as you remember your times tables from grade school, you can produce decent estimates of the rate of doubling without having to use a calculator.
The Rule of 70 is a common alternative and actually gives a closer approximation than 72/X does for small values of X (1, 2, 3, 4, 5). But since simplicity is really the goal with these rules, I suggest you use 70 for numbers that divide evenly into 70 (2, 5, 7, 10, 14) and 72 otherwise..
Note well that this rule is only an approximation, and it doesn't work for particularly large values of X (those larger than, say, 25). For values of X larger than, say, 25, the time to double will be more than 72/X years. (For example, an asset earning 100% per year will double in value in exactly 1 year, not in 72/100 years.) But, most financial assets have long-term annual returns well under 25% anyway.
Exs.:
* Savings account, which pays 3% interest
--> value of your account will double in ~72/3 = 24 years (or, a little more precisely, about 69/3 = 23 years)
* A CD that pays an annual return of 7% a year
--> value of that CD will double in ~70/7 = 10 years
* Stocks in the late 1990s; annual return was about 24% a year
--> value of a stock portfolio doubled in ~72/24 = 3 years
Ex.: Now suppose your grandfather wants to set up an investment account for you earning 10% per year and having a value of $1 million fifty years from now, when you're 70. About how much does he need to put in the account now?
A: We'll apply the Rule of 70, since 10 divides evenly into 70 --> that account will double in value every 7 years (= 70/10). So over the next 50 years, your initial investment will double in value 7 times (since 7*7= 49, very close to 50). Working backwards, we just need to divide $1,000,000 in half 7 times (with some rounding, since the point of the exercise is to keep the arithmetic fairly simple): 1) $500,000. 2) $250,000. 3) $125,000. 4) $62,000. 5) $31,000. 6) $15,500. 7) $7,800.
-- So investing about $7,800 today makes you a millionaire 50 years later.
An asset with a compounded annual return of X% will double in value in approximately 72/X years.
This rule is very handy because the number 72 is evenly divisible by a lot of numbers (1, 2, 3, 4, 6, 8, 9, 12, 18). As long as you remember your times tables from grade school, you can produce decent estimates of the rate of doubling without having to use a calculator.
The Rule of 70 is a common alternative and actually gives a closer approximation than 72/X does for small values of X (1, 2, 3, 4, 5). But since simplicity is really the goal with these rules, I suggest you use 70 for numbers that divide evenly into 70 (2, 5, 7, 10, 14) and 72 otherwise..
Note well that this rule is only an approximation, and it doesn't work for particularly large values of X (those larger than, say, 25). For values of X larger than, say, 25, the time to double will be more than 72/X years. (For example, an asset earning 100% per year will double in value in exactly 1 year, not in 72/100 years.) But, most financial assets have long-term annual returns well under 25% anyway.
Exs.:
* Savings account, which pays 3% interest
--> value of your account will double in ~72/3 = 24 years (or, a little more precisely, about 69/3 = 23 years)
* A CD that pays an annual return of 7% a year
--> value of that CD will double in ~70/7 = 10 years
* Stocks in the late 1990s; annual return was about 24% a year
--> value of a stock portfolio doubled in ~72/24 = 3 years
Ex.: Now suppose your grandfather wants to set up an investment account for you earning 10% per year and having a value of $1 million fifty years from now, when you're 70. About how much does he need to put in the account now?
A: We'll apply the Rule of 70, since 10 divides evenly into 70 --> that account will double in value every 7 years (= 70/10). So over the next 50 years, your initial investment will double in value 7 times (since 7*7= 49, very close to 50). Working backwards, we just need to divide $1,000,000 in half 7 times (with some rounding, since the point of the exercise is to keep the arithmetic fairly simple): 1) $500,000. 2) $250,000. 3) $125,000. 4) $62,000. 5) $31,000. 6) $15,500. 7) $7,800.
-- So investing about $7,800 today makes you a millionaire 50 years later.
I love cars!
Joined: Feb 2003
Posts: 3,807
Likes: 2
From: TEXAS
Originally Posted by Caliadria
Seriously, though, we just realized that we're seriously overspending and not saving enough, so I want a "Doomsday Estimate" to kick us both in the ass and realize how we have to change our habits in order to do what we want...
The mere fact that you guys say those are lofty goals shows me how out of touch I am... the goals outlined above are a pretty bare minimum of what we have in mind. The only thing we already have are three of the 6 cars I mentioned, and only one of those is an "investment car." The private school is only mandatory if we live in an area with bad public schools.
Because the thing is, I don't think we'll ever be able to settle in SoCal with a family; it's just too expensive out here. I see us building a nest egg out here while renting and making Cali-style salaries, then moving somewhere cheaper and buying a home and living on less.
We're just at that point in life... Scott's looking for a career, I'm moving forward in mine, we're no longer getting financial assistance from the parents, and it's time to stop living in la la land and doing something serious.
The mere fact that you guys say those are lofty goals shows me how out of touch I am... the goals outlined above are a pretty bare minimum of what we have in mind. The only thing we already have are three of the 6 cars I mentioned, and only one of those is an "investment car." The private school is only mandatory if we live in an area with bad public schools.
Because the thing is, I don't think we'll ever be able to settle in SoCal with a family; it's just too expensive out here. I see us building a nest egg out here while renting and making Cali-style salaries, then moving somewhere cheaper and buying a home and living on less.
We're just at that point in life... Scott's looking for a career, I'm moving forward in mine, we're no longer getting financial assistance from the parents, and it's time to stop living in la la land and doing something serious.
http://www.daveramsey.com/fpu/
I love the new saying: "If you'll live like no one else, later you can live like no one else!"
I love cars!
Joined: Feb 2003
Posts: 3,807
Likes: 2
From: TEXAS
Here are the 13 lessons that will put you on teh road to making your dream come true. And some of Scott's, too!
Super Savers teaches the importance of saving money and how to get the best return on your money.
Cash Flow Planning will teach us step-by-step how to put together a zero-based monthly budget and walk through how to complete all of the financial management forms with samples included.
Relating with Money is about the importance of working together in relationships and how we handle money.
Buying Only Big, Big Bargains teaches us Dave's personal techniques on how to negotiate and get the very best deals when buying something.
Dumping Debt teaches how to get out of debt and stay out of debt.
Understanding Investments teaches the difference between stocks, bonds, mutual funds, CDs, annuities, and where we can get the very best return on our hard-earned money.
Understanding Insurance will help us learn the types of coverage we need when it comes to health insurance, homeowner and car insurance, life insurance, and disability insurance.
Retirement and College Planning teaches about the new Roth IRA, how much to put into the SEPP and 401(k) or 403(b) plans and how to best fund your child's college education.
Buyer Beware warns us about how we are being marketed to and teaches us the keys to developing the power over purchases.
Real Estate and Mortgages will teach us the best way to BUY and SELL a house and the difference between a 15- and 30-year mortgage, plus the best ways to finance a home.
Careers and Extra Jobs teaches the importance of doing with our life that which we love.
Collection Practice and Credit Bureaus teaches us how to check and clean up our credit report and deal with collection agencies.
The Great Misunderstanding will teach us the importance of being good managers over the blessings we have been given and to share them.
Super Savers teaches the importance of saving money and how to get the best return on your money.
Cash Flow Planning will teach us step-by-step how to put together a zero-based monthly budget and walk through how to complete all of the financial management forms with samples included.
Relating with Money is about the importance of working together in relationships and how we handle money.
Buying Only Big, Big Bargains teaches us Dave's personal techniques on how to negotiate and get the very best deals when buying something.
Dumping Debt teaches how to get out of debt and stay out of debt.
Understanding Investments teaches the difference between stocks, bonds, mutual funds, CDs, annuities, and where we can get the very best return on our hard-earned money.
Understanding Insurance will help us learn the types of coverage we need when it comes to health insurance, homeowner and car insurance, life insurance, and disability insurance.
Retirement and College Planning teaches about the new Roth IRA, how much to put into the SEPP and 401(k) or 403(b) plans and how to best fund your child's college education.
Buyer Beware warns us about how we are being marketed to and teaches us the keys to developing the power over purchases.
Real Estate and Mortgages will teach us the best way to BUY and SELL a house and the difference between a 15- and 30-year mortgage, plus the best ways to finance a home.
Careers and Extra Jobs teaches the importance of doing with our life that which we love.
Collection Practice and Credit Bureaus teaches us how to check and clean up our credit report and deal with collection agencies.
The Great Misunderstanding will teach us the importance of being good managers over the blessings we have been given and to share them.
Don Ramsey
Joined: Apr 2004
Posts: 301
Likes: 0
From: Spokane WA Liberty Lake WA
Ok so I feel for this guy..... Every comment is complete bs,......( except about 2 of them! ) Forget your long term, you sound like you are just like me. How bout we dont sit on savings or roth ira's that will take twenty years.?.?. How bout we dont focus on saving................... WHAT! Is it just me or does everyone in america finnaly realize that the only way to make money is to spend it??????? Screw the long term..., Make that S$*# now! Like some of you said REAL ESTATE! For everyone who is still reading , read this RITCH DAD POOR DAD! Yes it is a book........... First book and only book to this day i have ever completed! Yes you can make your money in college...... wait........ not really. So get off your ass and start something up! Long term does work, in a L O N G period! So when it comes down to it life is a gamble/ invesment( if you are smart) . So if you really want this So Cal lifstyle you are talking about then get off your ass and do it! Or get ahold of me...... but i am in Idaho, so ya i am a working class citizen w/ nothing to live for..... no! Smart thoughts were done on this thread, get the F$%@ out of SD and invest in other places! People on this thread laughed at me when i told them the same stuff about where i live but................ lets just say they just dont really know! So research, Finace, invest........... that is the key to your sucsess
I love cars!
Joined: Feb 2003
Posts: 3,807
Likes: 2
From: TEXAS
Originally Posted by burtonblue75
Ok so I feel for this guy..... Every comment is complete bs,......( except about 2 of them! ) Forget your long term, you sound like you are just like me. How bout we dont sit on savings or roth ira's that will take twenty years.?.?. How bout we dont focus on saving................... WHAT! Is it just me or does everyone in america finnaly realize that the only way to make money is to spend it??????? Screw the long term..., Make that S$*# now! Like some of you said REAL ESTATE! For everyone who is still reading , read this RITCH DAD POOR DAD! Yes it is a book........... First book and only book to this day i have ever completed! Yes you can make your money in college...... wait........ not really. So get off your ass and start something up! Long term does work, in a L O N G period! So when it comes down to it life is a gamble/ invesment( if you are smart) . So if you really want this So Cal lifstyle you are talking about then get off your ass and do it! Or get ahold of me...... but i am in Idaho, so ya i am a working class citizen w/ nothing to live for..... no! Smart thoughts were done on this thread, get the F$%@ out of SD and invest in other places! People on this thread laughed at me when i told them the same stuff about where i live but................ lets just say they just dont really know! So research, Finace, invest........... that is the key to your sucsess
I can see from your edukashun by reading books that you are "RITCH" and if Caliadria follows your advice she will be a "sucsess"Come back after your hangover wears off....
dɐɹɔ ǝɥʇ ʇɐɥʍ
Joined: Jan 2004
Posts: 7,522
Likes: 1
From: Lexington, KY
Originally Posted by fast-tl
I can see from your edukashun by reading books that you are "RITCH" and if Caliadria follows your advice she will be a "sucsess"Come back after your hangover wears off....
and don't base your entire financial structure around a single book. Read "The Ritchest Man in Babylon", "Its a long way from Penny Apples", "Who Moved my Cheese" the list could go on and on, there are plenty of well written, highly inspirational books to help you find what will work best for you, but no single book has it all.
Suzuka Master
Joined: Oct 2003
Posts: 7,516
Likes: 1
From: Lakeway, TX
Originally Posted by burtonblue75
Ok so I feel for this guy..... Every comment is complete bs,......( except about 2 of them! ) Forget your long term, you sound like you are just like me. How bout we dont sit on savings or roth ira's that will take twenty years.?.?. How bout we dont focus on saving................... WHAT! Is it just me or does everyone in america finnaly realize that the only way to make money is to spend it??????? Screw the long term..., Make that S$*# now! Like some of you said REAL ESTATE! For everyone who is still reading , read this RITCH DAD POOR DAD! Yes it is a book........... First book and only book to this day i have ever completed! Yes you can make your money in college...... wait........ not really. So get off your ass and start something up! Long term does work, in a L O N G period! So when it comes down to it life is a gamble/ invesment( if you are smart) . So if you really want this So Cal lifstyle you are talking about then get off your ass and do it! Or get ahold of me...... but i am in Idaho, so ya i am a working class citizen w/ nothing to live for..... no! Smart thoughts were done on this thread, get the F$%@ out of SD and invest in other places! People on this thread laughed at me when i told them the same stuff about where i live but................ lets just say they just dont really know! So research, Finace, invest........... that is the key to your sucsess
Is that you Water-S? NB: I am not at all surprised by the comment highlighted in bold face.
Don Ramsey
Joined: Apr 2004
Posts: 301
Likes: 0
From: Spokane WA Liberty Lake WA
you guys act like i am trying to make you loose money! WTF! yea i mighgt be the only one in idaho but all i have to bring is goods. So if yall want it then ok if not ,..........F U you are dumb..! Its all about decididing if you want to be rich or poor.... thats up to you not me. So make up your mind you 5th year college goers
dɐɹɔ ǝɥʇ ʇɐɥʍ
Joined: Jan 2004
Posts: 7,522
Likes: 1
From: Lexington, KY
Originally Posted by burtonblue75
you guys act like i am trying to make you loose money! WTF! yea i mighgt be the only one in idaho but all i have to bring is goods. So if yall want it then ok if not ,..........F U you are dumb..! Its all about decididing if you want to be rich or poor.... thats up to you not me. So make up your mind you 5th year college goers
If you can't show me an account that shows you have over 7 figures(liquid) in it, I don't want to here about how great you are any more.
I love cars!
Joined: Feb 2003
Posts: 3,807
Likes: 2
From: TEXAS
Originally Posted by burtonblue75
you guys act like i am trying to make you loose money! WTF! yea i mighgt be the only one in idaho but all i have to bring is goods. So if yall want it then ok if not ,..........F U you are dumb..! Its all about decididing if you want to be rich or poor.... thats up to you not me. So make up your mind you 5th year college goers
5th year college "goers"? You can stop now...all we need to do is read one or two of your posts to gauge your level of education, but oh no, WE'RE dumb....
Yeehaw
Joined: Aug 2003
Posts: 20,972
Likes: 26
From: Chandler, Arizona
I think you should take the advice from the illiterate guy.
Side note - I don't think you can plan out your life's dreams 40 years in advance. Financial planning is always wise, but having your 4th kids 2nd car planned already seems a bit much. Take it a day at a time.
Side note - I don't think you can plan out your life's dreams 40 years in advance. Financial planning is always wise, but having your 4th kids 2nd car planned already seems a bit much. Take it a day at a time.