El Jason
Well-known member
That’s what I thought.
Anybody Buying Yet? Where’s the Bottom?
- Thread starter NEWHunter
- Start date
Jack Ryan
Active member
When you work for the money you are investing, you are a lot more careful with it.
I’m not so sure about that, take a look at statistics on who plays the lottery the most.
BigHornRam
Well-known member
They were closer to 30k when I turned 40. 15k when I first started looking around 1996. Buzz is 60. He should have a wall full.
406dn
Well-known member
- Joined
- Dec 12, 2019
- Messages
- 2,982
That might be a red flag for a Bernie Madoff situation.
Jack Ryan
Active member
I guess there are exceptions to every rule.
For working or being and investment advisor, I've never said, wrote or implied any different. Clearly talked about conversations around the TOOL BOX and break area. But I was fully retired long before 60 and have never even considered looking another job, even turned down several offers.
I did "advise" my own children. Both of them owned their own fully paid for homes by about 30, have their own solid investment plans they can manage on their own. One of the two has a pretty good job in digital security. The other has an ok job, but she likes it so I guess it is a good job. She owns her house and doesn't owe any one, has her investments and she would not have to work any where if she didn't want to.
I'm pretty proud of it all. No one inherited a nickel or won any lotteries. Just work, save, invest. Not a plan, not if, coulda or woulda. Just did it.
For working or being and investment advisor, I've never said, wrote or implied any different. Clearly talked about conversations around the TOOL BOX and break area. But I was fully retired long before 60 and have never even considered looking another job, even turned down several offers.
I did "advise" my own children. Both of them owned their own fully paid for homes by about 30, have their own solid investment plans they can manage on their own. One of the two has a pretty good job in digital security. The other has an ok job, but she likes it so I guess it is a good job. She owns her house and doesn't owe any one, has her investments and she would not have to work any where if she didn't want to.
I'm pretty proud of it all. No one inherited a nickel or won any lotteries. Just work, save, invest. Not a plan, not if, coulda or woulda. Just did it.
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I’m not saying that paying off homes early was the wrong thing to do, but the opportunity cost of that move over the past decade was huge. Had they invested that money instead they would be way ahead in terms of overall net worth.
However, there is something to be said about not having debt hanging over your head, and hindsight is 20/20. Past results do not necessarily predict future results.
BuzzH
Well-known member
No, I'm not 60.
I should have more than 4 rams that is true though. Turned down a stone hunt in 1995 for 6k...hunted dall that year for $4750.
Netted a B&C dall, which is a rare bird so didnt completely blow it. No doubt should have done at least 2-3 more back when they were cheap.
I'm pretty happy with the 4 that I have on my wall. No regrets.
Im the definition of living within your means and currently have a good job, but its not easy for people to raise a family and pay bills nowdays. Things have increased greatly due to quantative easing and free money printing under Bush, Osama, Trump, Obiden, and Dumpster 2.0. Its very difficult on a single person or single parents to ever get ahead, but we are light years more blessed than most of the other countries
El Jason
Well-known member
This is a ridiculous statement. I’ve watched coworkers work hard for money and blow it.
I’m glad you were financially successful. This is turning into a dick measuring contest. I really don’t care what age you retired at. I’m happy you were able to.
BuzzH
Well-known member
The U.S. is not number 1 in many favorable catagories...which is counter intuitive considering the tremendous wealth.
Also counter intuitive is we are number 1 in many unfavorable categories.
Sure, we're light years ahead of Ethiopia, but we arent light years ahead of comparable countries.
The veracity of this statement depends largely upon how much money you have (which could be argued is an indictment on its own).
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Doublegunner
Well-known member
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- Nov 1, 2018
- Messages
- 289
Debt is one way to get tax breaks.
SAJ-99
Well-known member
The geniuses are on it...I'm not sure if the result is no more inflation or no more income. YMMV.
finance.yahoo.com
Elon Musk Says AI and Robots Will Do ‘So Much Stuff’ We Run Out of Things for Humans to Do — But ‘We’ll Basically Just Issue Money to People’
The biggest workplace debate of the next decade might not be about asking for a raise. It could be figuring out what to do when the robots have already finished the job. That’s the future Tesla and SpaceX CEO Elon...
finance.yahoo.com
Nameless Range
Well-known member
The geniuses are on it...I'm not sure if the result is no more inflation or no more income. YMMV.
Elon Musk Says AI and Robots Will Do ‘So Much Stuff’ We Run Out of Things for Humans to Do — But ‘We’ll Basically Just Issue Money to People’
The biggest workplace debate of the next decade might not be about asking for a raise. It could be figuring out what to do when the robots have already finished the job. That’s the future Tesla and SpaceX CEO Elon...
I recently watched an interview with Musk where he said, ""Don't worry about squirreling money away for retirement in 10 or 20 years, it won't matter." People will enjoy "universal whatever you want you can have income".
So this thread, with its 660,000 views - probably a waste of time according to him.
SAJ-99
Well-known member
Return to a slavery-based economy...but with robots. Power and wealth are concentrated to the few that can purchase the robots, further restricting capital flow. The scary part is some people will believe it.
Southern Elk
Well-known member
I just don’t believe this. AI is controlled by a handful of billionaires. Do you think they’re going to share with the rest of us? Nothing in the past indicates that will ever happen.
Nameless Range
Well-known member
I don't believe it either, nor frankly, do I desire it. Their religion is getting weird.
In the horse races of history there's always a shiny quarterhorse named Utopia at the starting line that draws a lot of bets. In a thousand races she's never won, and so the answer as to whether we should once again bet the house on her is obvious.
Nick87
Well-known member
I've already started filling my Amazon cart for the big day.
Just goes to show that you can be a genius in one thing while still totaling failing to understand another. I've known a few people like that in my life.
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