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Joined: Jan 2005
Posts: 38,964 Likes: 17
Campfire 'Bwana
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Campfire 'Bwana
Joined: Jan 2005
Posts: 38,964 Likes: 17 |
I've never been into counterfeiting.
Not a real member - just an ordinary guy who appreciates being able to hang around and say something once in awhile.
Happily Trapped In the Past (Thanks, Joe)
Not only a less than minimally educated person, but stupid and out of touch as well.
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Joined: Jan 2001
Posts: 7,493
Campfire Tracker
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Campfire Tracker
Joined: Jan 2001
Posts: 7,493 |
I make enough to be comfortable. My wife and I own our business, and we are debt free except for the commercial building that my company rents from my LLC. I have a couple mil in positive equity in the building and it's not far from being paid off. Home and cars are paid for and we have no credit card debt. Been working for 45 years and am slowly easing into semi-retirement, letting my crew run things more.
I don't live high on the hog, but we can afford to buy the things we want/need, and still save and invest for retirement. No complaints here. The harder/smarter I work, the luckier I get.
To anger a conservative, lie to him. To annoy a liberal, tell him the truth.
Promoted to Turdlike status 03/17/12
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Joined: Feb 2006
Posts: 44,052 Likes: 29
Campfire 'Bwana
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OP
Campfire 'Bwana
Joined: Feb 2006
Posts: 44,052 Likes: 29 |
Again, thank you all for being so candid.
Interesting to hear how location, age and career all play into this somewhat significant part of life.
We gotta eat.
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Joined: Jan 2001
Posts: 31,039 Likes: 30
Campfire 'Bwana
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Campfire 'Bwana
Joined: Jan 2001
Posts: 31,039 Likes: 30 |
Again, thank you all for being so candid.
Interesting to hear how location, age and career all play into this somewhat significant part of life.
We gotta eat. make enough....... to order this badd boy this morning Ruger 9mm .....
T R U M P W O N !
U L T R A M A G A !
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Joined: Feb 2006
Posts: 44,052 Likes: 29
Campfire 'Bwana
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OP
Campfire 'Bwana
Joined: Feb 2006
Posts: 44,052 Likes: 29 |
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Joined: Dec 2013
Posts: 23,699 Likes: 5
Campfire Ranger
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Campfire Ranger
Joined: Dec 2013
Posts: 23,699 Likes: 5 |
A man who I would consider a mentor, and who’s advice has ALWAYS been solid told me a long time ago your goal shouldn’t be to maximize your income, but to grow your net worth as much as possible each year. Buy a property and improve it with cash. Buy it for $100k, spend $50k and sweat equity and at the end of the year it appraises out at $200K. You’re net worth just grew by $50k and you didn’t pay income taxes on it.
What you make isn’t as important as what you’re worth. I know an MD that makes $750k a year and spends $850k a year. Always in debt and always stressed about money.
Last edited by jackmountain; 01/25/23.
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Joined: Jan 2001
Posts: 31,039 Likes: 30
Campfire 'Bwana
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Campfire 'Bwana
Joined: Jan 2001
Posts: 31,039 Likes: 30 |
9mm.......no plinker to burn up ammo
T R U M P W O N !
U L T R A M A G A !
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Joined: Jan 2001
Posts: 31,039 Likes: 30
Campfire 'Bwana
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Campfire 'Bwana
Joined: Jan 2001
Posts: 31,039 Likes: 30 |
this is a LR p/dog rig
T R U M P W O N !
U L T R A M A G A !
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Joined: Feb 2006
Posts: 44,052 Likes: 29
Campfire 'Bwana
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OP
Campfire 'Bwana
Joined: Feb 2006
Posts: 44,052 Likes: 29 |
Tikka, I was joshin'!....
Jack, that's just it.
My dad always said he never made any money but the money he did make, made land payments, cattle payments, machinery payments...etc..
Sorta like Jim, a little cash poor but all the while building up major equity.
Spending cash on dumb chit is fun but keep it in check!
Crude math but my wife and I save probably 30-40% of our income, or at least it remains a tangible asset.
But we have no expensive little children to feed and live in NE MT in a little old house and never do anything fun, wahhhh wahhhh.....lol
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Joined: Oct 2004
Posts: 26,780 Likes: 29
Campfire Ranger
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Campfire Ranger
Joined: Oct 2004
Posts: 26,780 Likes: 29 |
I honestly don't pay attention to what I make in a few paltry pensions and odd jobs. In less than 2 years I get SS and will fully retire. My hope is that I can build my house in TN with my 401K and the equity I have in this house. If I can do that, I think I'll clear about $4500/month with no house note. That should keep me comfortable and allow me to take a vacation every now and then.
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Joined: Sep 2011
Posts: 61,409 Likes: 35
Campfire Kahuna
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Campfire Kahuna
Joined: Sep 2011
Posts: 61,409 Likes: 35 |
"farmers live poor, and die rich."
These premises insured by a Sheltie in Training ,--- and Cooey.o "May the Good Lord take a likin' to you"
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Joined: Sep 2014
Posts: 22,022 Likes: 16
Campfire Ranger
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Campfire Ranger
Joined: Sep 2014
Posts: 22,022 Likes: 16 |
As a factory worker who is emp,owed in one of the highest paid facilities in our area I'm well paid. Well enough that I avoid conversations about it.
But compared to many here, I'm feeling poor.
Wife makes about $7hr less, has forced direct deposit, pays all bills. The account continues to increase. Cash my checks. Use that to buy everything we need. Sometimes go 2 to 3 weeks without needing to cash a check. When cash builds up, we have to do something with it.
O debt.
What the numbers are? Doesn't matter.
We are very blessed, quite comfortable.
Parents who say they have good kids..Usually don't!
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Joined: Dec 2013
Posts: 23,699 Likes: 5
Campfire Ranger
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Campfire Ranger
Joined: Dec 2013
Posts: 23,699 Likes: 5 |
Tikka, I was joshin'!....
Jack, that's just it.
My dad always said he never made any money but the money he did make, made land payments, cattle payments, machinery payments...etc..
Sorta like Jim, a little cash poor but all the while building up major equity.
Spending cash on dumb chit is fun but keep it in check!
Crude math but my wife and I save probably 30-40% of our income, or at least it remains a tangible asset.
But we have no expensive little children to feed and live in NE MT in a little old house and never do anything fun, wahhhh wahhhh.....lol We literally live on 15-20% max of our income. Rest gets put into capital improvements on the properties or capital investments in the companies, or to finance projects. All of which builds assets/net worth. Everything is paid off, kids college educations fully funded, retirement funds above average for age, passive income from rentals equal to our average yearly expenses. On the flip side, one reason we can live on that amount is because we work nearly every day. If I retired and was able to fish/travel as much as I look forward to doing I’ll need twice as much in retirement as I do now.
Last edited by jackmountain; 01/25/23.
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Joined: Dec 2019
Posts: 3,122 Likes: 8
Campfire Tracker
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Campfire Tracker
Joined: Dec 2019
Posts: 3,122 Likes: 8 |
I honestly don't pay attention to what I make in a few paltry pensions and odd jobs. That’s what I used to say, but the IRS still wanted the proof!
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Joined: May 2017
Posts: 1,225
Campfire Regular
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Campfire Regular
Joined: May 2017
Posts: 1,225 |
I made all my money before 50. Now spending it at same speed i made it! Might be livin in a tent on the beach when im 80 but thats about the only thing i havent done! Might be fun
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Joined: Feb 2006
Posts: 44,052 Likes: 29
Campfire 'Bwana
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OP
Campfire 'Bwana
Joined: Feb 2006
Posts: 44,052 Likes: 29 |
You're either busy making it or busy spending it.
Or sleeping.
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Joined: Feb 2013
Posts: 7,766 Likes: 2
Campfire Outfitter
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Campfire Outfitter
Joined: Feb 2013
Posts: 7,766 Likes: 2 |
"Shoot low sheriff, I think he's riding a shetland!" B. Wills
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Joined: Dec 2013
Posts: 23,699 Likes: 5
Campfire Ranger
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Campfire Ranger
Joined: Dec 2013
Posts: 23,699 Likes: 5 |
You're either busy making it or busy spending it.
Or sleeping. “If you wake up in the morning broke, you shouldn’t have been sleeping”
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Joined: Oct 2013
Posts: 19,028 Likes: 14
Campfire Ranger
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Campfire Ranger
Joined: Oct 2013
Posts: 19,028 Likes: 14 |
A man who I would consider a mentor, and who’s advice has ALWAYS been solid told me a long time ago your goal shouldn’t be to maximize your income, but to grow your net worth as much as possible each year. Buy a property and improve it with cash. Buy it for $100k, spend $50k and sweat equity and at the end of the year it appraises out at $200K. You’re net worth just grew by $50k and you didn’t pay income taxes on it.
What you make isn’t as important as what you’re worth. I know an MD that makes $750k a year and spends $850k a year. Always in debt and always stressed about money. A lot said right here.
The last time that bear ate a lawyer he had the runs for 33 days!
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Joined: Jun 2005
Posts: 13,885 Likes: 6
Campfire Outfitter
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Campfire Outfitter
Joined: Jun 2005
Posts: 13,885 Likes: 6 |
A personal question like that - Just doesn't make cents.
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