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re: Need help handling wife/money situation
Posted on 7/18/19 at 11:14 pm to olgoi khorkhoi
Posted on 7/18/19 at 11:14 pm to olgoi khorkhoi
quote:
Plus, I can get S63 with really low miles for 60-70k,
Oh so you're looking for an out of warranty AMG mercedes?
Damn baw you're dumber than I thought. Your ol' lady doesn't want you buying that because the guy selling it is probably scared that the 5 figures in annual maintenance that's been covered by warranty will soon be on his time.
This post was edited on 7/18/19 at 11:16 pm
1
Posted on 7/18/19 at 11:16 pm to olgoi khorkhoi
She sounds responsible
Consider yourself lucky
Consider yourself lucky
Posted on 7/18/19 at 11:17 pm to olgoi khorkhoi
quote:
It offends her sensibilites.
Does she still hang around her childhood friends? I grew up poor and a super expensive house or car would make me feel foolish around them. Same with my family. It’s hard to explain, but I understand her mentality. She doesn’t want to feel uncomfortable around the people she loves most. Plus, she probably has a fear of losing everything.
Posted on 7/18/19 at 11:23 pm to olgoi khorkhoi
quote:
F350s and I paid cash for the last 2 (2001-present). Funded my company with cash. bought the land with cash, built current house with cash. I don’t do debt. Sorry to dissapoint.
So you were paying cash for F350s 18 years ago, roughly 3 years before you got married? Around this time, you say you were in rough times and you bought her a 1/2 karat diamond ring after that.
Not to mention, you said you grew up poor. No one I've ever met who grew up poor would ever claim to be in rough times when they were able to pay cash for an F350.
Posted on 7/18/19 at 11:30 pm to olgoi khorkhoi
quote:Good Lord! You don't buy into fly by night bullshite. How about Amazon, McDonalds, Visa, Home Depot, Clorox, J&J, Disney, or an index fund like Fidelity Contrafund? The people who run those companies are far more motivated and goal directed than you.
Still don’t have a dollar in the markets. I’m not giving my money to some random company and hope they do well with it
quote:Holy shite. Nouveau riche
The market is for people who are too lazy to build something themselves.
Posted on 7/18/19 at 11:52 pm to olgoi khorkhoi
quote:The problem is you don't have shite for savings and you're in a recession dependent field, regardless of what you think you noticed last recession.
Plus, I can get S63 with really low miles for 60-70k, which isn’t outlandish for a car.
Posted on 7/18/19 at 11:59 pm to Jake88
quote:
You don't buy into fly by night bull shite. How about Amazon, McDonalds, Visa, Home Depot, Clorox, J&J, Disney, or an index fund like Fidelity Contrafund? The people who run those companies are far more motivated and goal directed than you.
What do blue chip stocks return on average? 7%.
That’s a waste of time and capital.
There are companies that I could invest in to get returns like what I get in my projects, but why take the risk when I have no control or oversight? If I ever lose my motivation or get too old or lazy to run things, maybe I’ll give up and stick my money in Mcdonalds. Can’t lose there with all the fatties running around.
Posted on 7/19/19 at 12:00 am to JohnnyKilroy
Anyone get the distinct impression the wife is the brains of this union?
Plus, I bet there is something she knows we don't.
Plus, I bet there is something she knows we don't.
Posted on 7/19/19 at 12:05 am to olgoi khorkhoi
quote:
She actually said something about how many people you could feed for a year with the cost of an S63.
I actually saw a great rebuttal to this “Mother Theresa” line of thinking:
-sure, you could just feed all of these people once with that money or you could:
Feed the people at all the different factories, assembly facilities, car dealerships, etc AND then those people take their left over money and spend it elsewhere, paying it forward. I’d bet that you feed more people buying a product than you do tossing money at people.
It’s complete entitlement vs capitalist viewpoint.
This post was edited on 7/19/19 at 12:07 am
Posted on 7/19/19 at 12:05 am to olgoi khorkhoi
quote:Not Visa. Not MCD. But, 7% is the market average and that's not bad. You can also pick a few whims at the top of the pyramid like Square, Shopify, and The Trade Desk and make an excellent return.
What do blue chip stocks return on average? 7%.
quote:
That’s a waste of time and capital.
Jesus. What do you have saved? Your wife, listen to her.
Posted on 7/19/19 at 12:07 am to olgoi khorkhoi
quote:
There are companies that I could invest in to get returns like what I get in my projects, but why take the risk when I have no control or oversight?
Exactly. Real Estate investments all the way.
Posted on 7/19/19 at 12:09 am to Sev09
quote:
-sure, you could just feed all of these people once with that money or you could:
Feed the people at all the different factories, assembly facilities, car dealerships, etc AND then those people take their left over money and spend it elsewhere, paying it forward. I’d bet that you feed more people buying a product than you do tossing money at people.
It’s complete entitlement vs capitalist viewpoint.
But that's not what he's doing. He's buying it from some baw that doesn't want to own an out of warranty german luxury car that has maintenance bills commiserate with its 180k price tag.
Posted on 7/19/19 at 12:19 am to Jake88
It wouldn’t matter what I said I had, because I’m not investing it the way you do. If I set 500k in the market and let it go up and down, I’m all good. If I have 500k sitting on the sidelines and a project manager meeting with an insurance company next week about taking on a nationwide condo renovation project and another project manager who’s got clients sending him work to bid, but his current company won’t even look at it, and who’s ready to jump ship, then it’s irresponsible and dumb. I’ll get 30-40% returns on my money and that’s in 45-60 days, not a year. People like you can invest in the market and hope someone else breaks 7% for you. I invest in people and ideas without a middle man. Not wrong, just different. And more lucrative.
Posted on 7/19/19 at 12:22 am to olgoi khorkhoi
Here’s my serious input after reading most of this thread:
Things are going well with your company. That’s fantastic! Take this time to start placing systems in place so your company runs with or without you. This can be hiring assistants, outsourcing tech support/client relations, etc.
After those systems are in place, start transitioning yourself out of the company. You’ve done well and worked hard. Reaping the benefits isn’t buying a large house or a luxury sedan. Of course those things can come later, but take this time to add back and enjoy the most precious resource on this planet- TIME.
Spend time with your family, see the world, work around the house, plant a garden, cook up some good ol baw recipes from the F&D Board, watch a sunset with a beer and nothing on your mind but the view and the sounds of nature, take up some hobbies that you never had time for, visit friends you never get to see anymore.
That’s the REAL fruit of your labor. Sure, buy nice things but we all only have one life, and if you’re in a position to leverage your circumstance against time and the “rat race?” Do it. Live. Love. Laugh. (Lol I had to)
Things are going well with your company. That’s fantastic! Take this time to start placing systems in place so your company runs with or without you. This can be hiring assistants, outsourcing tech support/client relations, etc.
After those systems are in place, start transitioning yourself out of the company. You’ve done well and worked hard. Reaping the benefits isn’t buying a large house or a luxury sedan. Of course those things can come later, but take this time to add back and enjoy the most precious resource on this planet- TIME.
Spend time with your family, see the world, work around the house, plant a garden, cook up some good ol baw recipes from the F&D Board, watch a sunset with a beer and nothing on your mind but the view and the sounds of nature, take up some hobbies that you never had time for, visit friends you never get to see anymore.
That’s the REAL fruit of your labor. Sure, buy nice things but we all only have one life, and if you’re in a position to leverage your circumstance against time and the “rat race?” Do it. Live. Love. Laugh. (Lol I had to)
Posted on 7/19/19 at 12:25 am to olgoi khorkhoi
Y'all hiring?
Posted on 7/19/19 at 12:28 am to Tigers0891
quote:
It’s called common sense relative to his point. He can’t win apparently
I’m lost to what you are replying about.
Posted on 7/19/19 at 12:30 am to olgoi khorkhoi
quote:
I’ll partner with people who have a good plan and need capital, buy undervalued real estate, whatever else. The market is for people who are too lazy to build something themselves.
I’m actually at a loss for words.
Posted on 7/19/19 at 12:39 am to Sev09
quote:
Feed the people at all the different factories, assembly facilities, car dealerships, etc AND then those people take their left over money and spend it elsewhere, paying it forward. I’d bet that you feed more people buying a product than you do tossing money at people.
Lol
Posted on 7/19/19 at 5:21 am to olgoi khorkhoi
quote:
Still don’t have a dollar in the markets. I’m not giving my money to some random company and hope they do well with it. I’ll partner with people who have a good plan and need capital, buy undervalued real estate, whatever else. The market is for people who are too lazy to build something themselves.
Posted on 7/19/19 at 5:48 am to FAP SAM
This thread doesn’t make sense. Dead broke but buys trucks with cash, and funds a business with cash? How many kids do you have that 60 acres isn’t enough to build them a starter home?
This post was edited on 7/19/19 at 6:12 am
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