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!@#$%! · 04.28.2012, 06:38 PM

FUCKIT, i have a bourbon hangover, which isn't nice at all.

i am renter but im not in debt. i prefer to rent because i don't know where i'll be living next year and buying a place ties you up.

having said that, i have access through my wife to some family land and we have a cabin there, which we are slowly building as a getaway place. we actually lived in it for like a year. living in the sticks was a bitch, but we survived. camping is nice, but if your camping trip goes on forever you'll discover some hard facts, such as: nature is fucking boring and horrible, people are more interesting than trees, and cows shit a lot. i'm a city person and i like it that way.

if you wanna be smart with your money read up on personal finance before coming up with a cockamamie land scheme (i love those 2 words paired, "cockamamie" and "scheme." cliché, i know).

if you don't wanna get tangled up in worksheets and money-tracking software and shit like that i suggest reading elizabeth warren's "all your worth" which is a very simple method for increasing your net worth while having fun.

i've studied a lot of personal finance books in the past 2 or 3 years and hers is by far the best system for the general public, unless you're looking into "early retirement extreme" such as this: http://earlyretirementextreme.com/ <- that is a good place to start if you wanna live off the land etc. the reason is cuz he sets you up to quit work in 5 years. but it requires a certain ascetic temperament to do it, which i totally lack.

anyway the first thing you need to do is amass a good emergency fund, 6 or 12 months of living expenses in your bank account, so that if you run out of a job or something you don't end up eating cat food. even with inflation being higher than the savings interest rate, which means your money is shrinking every day, it's best to have savings than not to have them.

to read more about the use and building of emergency funds and living on cash you can read dave ramsey's "total money makeover," which is a very annoying book full of religious propaganda but actually has some great ideas about the horrible suckiness of debt, how to live on cash, and other good shit. so read *with a fat fucking fistful of salt* but read it anyway.

anyway after you have your 1-year emergency fund or whatever the easiest thing to do is open a roth IRA and start putting money in it and if you have more than $5K/yr to invest you can look at another investment vehicle, depending on your job, etc.

"investing" in land speculation is not an easy thing. first of all land isn't liquid, which means it's not easy to cash out in an emergency, like if you get in a motorcycle accident and need your spine replaced. or a less tragic scenario: you wanna start your turf-management business and need capital but it takes 2 years to sell your land and collect your money. second, unless you have knowledge and expertise of real estate trends you might buy some piece of shit toxic dump right under a powerplant chimney. and then who will you sell to? so don't get into a business you don't know. if on the other hand you have expertise raising hogs by all means go at it and turn profit into bacon. but don't be a dolt and get in a business you know nothing about, that's how fuckers end up with nothing. it's better to invest in a business you know, like your own profession.

anyway, you still need a place to stash extra money and grow your net worth. prolly the easiest investment to manage would be an index fund. it's what warren buffett recommends. http://finance.fortune.cnn.com/2012/...edge-fund-bet/ you can maybe look at low-cost vanguard index funds for that.

but anyway start by building up your savings, else all is blah blah blah.

best wishes. now i need some fucking sleep.

04.28.2012, 06:38 PM	#12
!@#$%! invito al cielo Join Date: Mar 2006 Location: mars attacks Posts: 42,683	FUCKIT, i have a bourbon hangover, which isn't nice at all. i am renter but im not in debt. i prefer to rent because i don't know where i'll be living next year and buying a place ties you up. having said that, i have access through my wife to some family land and we have a cabin there, which we are slowly building as a getaway place. we actually lived in it for like a year. living in the sticks was a bitch, but we survived. camping is nice, but if your camping trip goes on forever you'll discover some hard facts, such as: nature is fucking boring and horrible, people are more interesting than trees, and cows shit a lot. i'm a city person and i like it that way. if you wanna be smart with your money read up on personal finance before coming up with a cockamamie land scheme (i love those 2 words paired, "cockamamie" and "scheme." cliché, i know). if you don't wanna get tangled up in worksheets and money-tracking software and shit like that i suggest reading elizabeth warren's "all your worth" which is a very simple method for increasing your net worth while having fun. i've studied a lot of personal finance books in the past 2 or 3 years and hers is by far the best system for the general public, unless you're looking into "early retirement extreme" such as this: http://earlyretirementextreme.com/ <- that is a good place to start if you wanna live off the land etc. the reason is cuz he sets you up to quit work in 5 years. but it requires a certain ascetic temperament to do it, which i totally lack. anyway the first thing you need to do is amass a good emergency fund, 6 or 12 months of living expenses in your bank account, so that if you run out of a job or something you don't end up eating cat food. even with inflation being higher than the savings interest rate, which means your money is shrinking every day, it's best to have savings than not to have them. to read more about the use and building of emergency funds and living on cash you can read dave ramsey's "total money makeover," which is a very annoying book full of religious propaganda but actually has some great ideas about the horrible suckiness of debt, how to live on cash, and other good shit. so read with a fat fucking fistful of salt but read it anyway. anyway after you have your 1-year emergency fund or whatever the easiest thing to do is open a roth IRA and start putting money in it and if you have more than $5K/yr to invest you can look at another investment vehicle, depending on your job, etc. "investing" in land speculation is not an easy thing. first of all land isn't liquid, which means it's not easy to cash out in an emergency, like if you get in a motorcycle accident and need your spine replaced. or a less tragic scenario: you wanna start your turf-management business and need capital but it takes 2 years to sell your land and collect your money. second, unless you have knowledge and expertise of real estate trends you might buy some piece of shit toxic dump right under a powerplant chimney. and then who will you sell to? so don't get into a business you don't know. if on the other hand you have expertise raising hogs by all means go at it and turn profit into bacon. but don't be a dolt and get in a business you know nothing about, that's how fuckers end up with nothing. it's better to invest in a business you know, like your own profession. anyway, you still need a place to stash extra money and grow your net worth. prolly the easiest investment to manage would be an index fund. it's what warren buffett recommends. http://finance.fortune.cnn.com/2012/...edge-fund-bet/ you can maybe look at low-cost vanguard index funds for that. but anyway start by building up your savings, else all is blah blah blah. best wishes. now i need some fucking sleep.
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