- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Two questions:
Posted on 1/4/25 at 3:24 pm
Posted on 1/4/25 at 3:24 pm
1. What is your opinion of the advice given out by the guys from The Money Guys Show?
2. I’m in the military and move every 3-4 years. My wife and I are planning to retire in Arkansas in 10-12 years. Her father died and left us some money. We are looking at buying land and building a shop now with the intentions of building a house closer to retirement. Do you think it’s a good idea to pay cash for the land and finance the shop or should we invest the money somewhere else?
We want to buy land and build a shop to store things we don’t want to move around so much and the location we want to buy at is rapidly growing and it will probably be very expensive in 10 years.
2. I’m in the military and move every 3-4 years. My wife and I are planning to retire in Arkansas in 10-12 years. Her father died and left us some money. We are looking at buying land and building a shop now with the intentions of building a house closer to retirement. Do you think it’s a good idea to pay cash for the land and finance the shop or should we invest the money somewhere else?
We want to buy land and build a shop to store things we don’t want to move around so much and the location we want to buy at is rapidly growing and it will probably be very expensive in 10 years.
8
Posted on 1/4/25 at 3:48 pm to TizzyT4theUofA
I’m a big fan of the money guys. Their advice is pretty sound they add in the whole “you should be sure to remind yourself you aren’t a money machine” idea.
I’ve yet to hear them say anything outlandish or flat out wrong.
As for your other question, I’ll let someone smarter than me answer it. Chances are you’ll want to compare the interest rates on whatever loan you’ll need to build vs the expected rate of return of leaving it in the market.
You’ll also need to consider how much you expect the property to increase in value with the addition and appreciate over the next 10 years.
I’ve yet to hear them say anything outlandish or flat out wrong.
As for your other question, I’ll let someone smarter than me answer it. Chances are you’ll want to compare the interest rates on whatever loan you’ll need to build vs the expected rate of return of leaving it in the market.
You’ll also need to consider how much you expect the property to increase in value with the addition and appreciate over the next 10 years.
Posted on 1/4/25 at 4:02 pm to horsesandbulls
Everything they say seems logical to me and I’ve been taking their advice for a few years. I’ve seen some pretty good returns on their advice. I’m just curious if I’m short changing myself.
Posted on 1/4/25 at 4:23 pm to TizzyT4theUofA
(no message)
This post was edited on 2/7/25 at 10:52 am
Posted on 1/4/25 at 4:33 pm to TizzyT4theUofA
quote:
1. What is your opinion of the advice given out by the guys from The Money Guys Show?
2. I’m in the military and move every 3-4 years. My wife and I are planning to retire in Arkansas in 10-12 years. Her father died and left us some money. We are looking at buying land and building a shop now with the intentions of building a house closer to retirement. Do you think it’s a good idea to pay cash for the land and finance the shop or should we invest the money somewhere else?
We want to buy land and build a shop to store things we don’t want to move around so much and the location we want to buy at is rapidly growing and it will probably be very expensive in 10 years.
If you plan on building a shop and house in 10-12 years then im investing my money right now and waiting 10 years to buy the land. That's just me. And im paying cash for the land and putting the biggest down payment i can on the shop and house.
Posted on 1/4/25 at 5:19 pm to TizzyT4theUofA
Love the Money Guys!
Posted on 1/4/25 at 5:51 pm to TizzyT4theUofA
quote:
planning to retire in Arkansas in 10-12 years.
That is a long time away.
I’m not sure I was ever able to predict a decade in advance regarding anything.
Good for you if you can.
For me, a decade would be to far out to know if that was where I would end up in retirement.
Posted on 1/4/25 at 6:43 pm to TizzyT4theUofA
1. Excellent. Arguably the best advice I have seen anywhere on socials.
2. impossible question without a broader understanding of finances.
2. impossible question without a broader understanding of finances.
Posted on 1/4/25 at 8:15 pm to TizzyT4theUofA
- Plans can change. Do you want to tie your capital down.
- Real estate has carrying costs and less liquid than other investments.
- You can wait until seperating from military and use VA loan with no funding fee if you have a disability rating.
- If area is growing rapidly you may not be happy w how it develops may be better waiting to choose the exact land you want a decade plus from now.
- If you aren't maxing TSP and IRAs I'd get most out of those for long term tax advantaged growth before throwing cash at land.
Money Guys are a good resource.
- Real estate has carrying costs and less liquid than other investments.
- You can wait until seperating from military and use VA loan with no funding fee if you have a disability rating.
- If area is growing rapidly you may not be happy w how it develops may be better waiting to choose the exact land you want a decade plus from now.
- If you aren't maxing TSP and IRAs I'd get most out of those for long term tax advantaged growth before throwing cash at land.
Money Guys are a good resource.
This post was edited on 1/4/25 at 8:38 pm
Posted on 1/4/25 at 9:25 pm to TizzyT4theUofA
Love the money guys
Posted on 1/5/25 at 6:54 am to kaaj24
like the money guys but I'm pretty sure they are paid based on number of times they use the same phrases.
Love it
pay it forward
uncle Warren (Buffett)
favorite taxing uncle (Sam)
fill you up
so many more
I listen to all the shows but they get redundant (kind of have to it seems like) and have to skip thru some
Love it
pay it forward
uncle Warren (Buffett)
favorite taxing uncle (Sam)
fill you up
so many more
I listen to all the shows but they get redundant (kind of have to it seems like) and have to skip thru some
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News