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Posted on 3/3/25 at 12:42 pm to Mingo Was His NameO
quote:
mean, that’s objectively a bad thing, but congrats on being a new money dork
Money is money, you sound pathetic as usual. You’re a fricking accountant, so noble.
Posted on 3/3/25 at 12:42 pm to Funky Tide 8
quote:
Do you really have to get to the 7 mil range to own a "vacation home"?
The second home comes around WAY before 7 mil. A fraction of that actually.
Posted on 3/3/25 at 12:43 pm to Mingo Was His NameO
quote:
You want to invest in real estate in a country that’s gone through hyper inflation, its currency is valueless, and has no real economic path forward?
When everyone else is scared.
Posted on 3/3/25 at 12:45 pm to jizzle6609
Portugal is a very attractive option.
Posted on 3/3/25 at 12:49 pm to Shorts Guy
quote:
The second home comes around WAY before 7 mil. A fraction of that actually.
We aren’t talking a timeshare or a fricking condo at the Phoenix in gulf shores.
Again, we’re talking about having multiple $1mm+ homes. Could someone with less swing it, yes. The rules aren’t hard and rigid.
Posted on 3/3/25 at 12:49 pm to DCtiger1
quote:
You’re a fricking accountant, so noble.
I fight the government for money back for taxpayers while you slurp off a regulated racket industry.
But like I said, happy for you. Don’t hate the player, hate the game, you’re just a dork
Posted on 3/3/25 at 12:50 pm to DCtiger1
quote:
If you really want to piss off the OT, tell them that the insurance industry has created more millionaires than any other industry in the world, including insurance agents and agency owners.
Parasites get fat while the host dies
Posted on 3/3/25 at 12:52 pm to Mingo Was His NameO
You’re a 5’3 nerd who brags about running and you crunch numbers all day, who are you to call anyone any names?
Not everyone on the OT is a fat slob
Not everyone on the OT is a fat slob
Posted on 3/3/25 at 12:52 pm to el Gaucho
Oh no….. anyway
Posted on 3/3/25 at 12:54 pm to DCtiger1
I’ve got no dog in this fight, but he did come in and trash my thread and then came back to it to participate for whatever reason 
Posted on 3/3/25 at 12:55 pm to southernelite
quote:
$250,000 - Probably have anywhere from $150k-250k annual salary; we can afford a decent house, we may have a bit of commute, can splurge on occasion and probably don't have too much to worry about as long as you don't get laid off.
man the average american doesn't have a clue how much they NEED to actually live a nice comfortable life. You can do every single thing you just mentioned above for less than half that household income.
Posted on 3/3/25 at 12:58 pm to WG_Dawg
This is true, especially in rural areas of southern states
Posted on 3/3/25 at 12:59 pm to southernelite
I would think most of the people on this board don't know what a family office is, why it would exist, or the general risks associated with it.
If you have to work a job to pay your bills you are working class. You are a laborer.
It's incredible how many people I've met who disagree.
If you have to work a job to pay your bills you are working class. You are a laborer.
It's incredible how many people I've met who disagree.
Posted on 3/3/25 at 1:00 pm to WG_Dawg
quote:
You can do every single thing you just mentioned above for less than half that household income.
Highly dependent on where you live. You aren’t living within 30-45 minutes of downtown Dallas in any neighborhood you want to live in for less than about a half milly. At $200k with kids, that’s just about exactly what he described. And if you aren’t in a population center, it’s hard to make $200k. Like almost no one does hard.
Posted on 3/3/25 at 1:05 pm to southernelite
You have an inflated value of what people need to have nice things and what they need to make to accumulate money. It's time in the market. $250k is easily doable for most Americans by just putting a few hundred dollars into an investment a month and letting it grow. There's no need to make $150-$250k a year to put it away.
$250 a month for a 31 year old in something like VOO at the average rate of about 13% a year for 30 years nets over $1.2 million at age 60. I't really not that hard to accumulate money. You just have to pay yourself diligently.
$250 a month for a 31 year old in something like VOO at the average rate of about 13% a year for 30 years nets over $1.2 million at age 60. I't really not that hard to accumulate money. You just have to pay yourself diligently.
Posted on 3/3/25 at 1:09 pm to DCtiger1
Don't make fun of Mingo. He bills at $500/hr and makes his employer a fortune while he brings home $50/hr!!!!!
Posted on 3/3/25 at 1:10 pm to VABuckeye
quote:
$250 a month for a 31 year old in something like VOO at the average rate of about 13% a year for 30 years nets over $1.2 million at age 60.
An 8% return is only like $375k though, which isn’t nearly enough to retire at 60
Posted on 3/3/25 at 1:11 pm to TheOcean
quote:
Don't make fun of Mingo. He bills at $500/hr
$800/hour
Posted on 3/3/25 at 1:25 pm to TheOcean
quote:
Don't make fun of Mingo. He bills at $500/hr and makes his employer a fortune while he brings home $50/hr!!!!!
He dishes it out more than anyone else, he can handle it.
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