Originally posted by slow99
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Chooooooo$$$$$$$$ Choooooooooo$$$$$$$$$$!!1
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Originally posted by FreightTrain View PostMeh what's 4k a month at 8% annually for 35 years.
The point I was making is if all you got is 3k grand to your name it's better to enjoy it or put it away for a rainy day. Aka the A/C breaks. If you can't add to that 3k each month or quarter methodically you can't afford to invest.
Guess since I can't keep up with your level of standards I should just be foolish and play the lottery, is this correct?
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Originally posted by FreightTrain View PostMeh what's 4k a month at 8% annually for 35 years.
The point I was making is if all you got is 3k grand to your name it's better to enjoy it or put it away for a rainy day. Aka the A/C breaks. If you can't add to that 3k each month or quarter methodically you can't afford to invest.
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Originally posted by FreightTrain View PostLOL at investing 3k. Go on vacation and enjoy the money. Or if you really want to have fun put it in a money market account and after 30 days go buy a quick pick for the mega millions with the $1 in interest you just earned.
I know it gets stated quite often, but I feel I kind of need to reiterate it after this quote. You're a fucking idiot.
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I wouldn't say so much he's an idiot, but a giant in his head among the little people around him. Things are so relative. slow99 can relate, for sure. Making six figures when all your homies are scraping by must feel pretty good. Then you got the guys making low/mid/upper six figures that hang out with dudes who make that in less than a month and you don't feel so tough. Then, the scale goes on up where guys are pulling seven figures a month and don't even have to work due to royalties, residuals, etc. Then, you have the dudes who net worth starts with a B and they aren't talking about cars, homes(er..estates/properties), etc. they are talking companies, islands, Gulfstreams, commissioning yachts, etc.
Then you have people like me who don't give a crap at all so long as I can sit on my couch at home, eat out when I want, travel when I want, have some car fun, and still save a few bucks.Ford
GM
Toyota
VAG
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He's an idiot for laughing at someone for investing 3k. The very basic premise of investing is the money compounding on top of itself, and everyone has to start somewhere. To dissuade someone from trying to improve themselves is just one more moronic post from him in an increasingly long line of them.
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Originally posted by talisman View PostHe's an idiot for laughing at someone for investing 3k. The very basic premise of investing is the money compounding on top of itself, and everyone has to start somewhere. To dissuade someone from trying to improve themselves is just one more moronic post from him in an increasingly long line of them.
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Originally posted by talisman View PostHe's an idiot for laughing at someone for investing 3k. The very basic premise of investing is the money compounding on top of itself, and everyone has to start somewhere. To dissuade someone from trying to improve themselves is just one more moronic post from him in an increasingly long line of them.
Originally posted by FreightTrain View PostYea you're real smart when it comes to money. If all someone has to their name is 3 grand they don't need to tie that money up. They need it for when life happens. That 8% return doesn't sound so good when they are paying 15% on a credit card because they didn't have any cash to fix their car or replace the water heater in the house when it goes out.
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Originally posted by FreightTrain View PostYea you're real smart when it comes to money. If all someone has to their name is 3 grand they don't need to tie that money up. They need it for when life happens. That 8% return doesn't sound so good when they are paying 15% on a credit card because they didn't have any cash to fix their car or replace the water heater in the house when it goes out.
Oh, I see you now magically know exactly what his financial situation is. We'll just put that post right behind the other one I quoted a few minutes ago.
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Originally posted by Ratt View PostThis.
How do you know that's all he has? Maybe he already has a solid savings/investment plan and has $3,000 extra he wants to play with while earning some interest off of it?
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Originally posted by FreightTrain View PostYea you're real smart when it comes to money. If all someone has to their name is 3 grand they don't need to tie that money up. They need it for when life happens. That 8% return doesn't sound so good when they are paying 15% on a credit card because they didn't have any cash to fix their car or replace the water heater in the house when it goes out.Originally posted by BroncojohnnyHOORAY ME and FUCK YOU!
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