 |
|
02-11-2010, 12:47 PM
|
#21
|
|
Full time employment: Posting here.
Join Date: Jul 2008
Posts: 619
|
I believe you have lots of company in that "financial denial" boat. Good on you for making changes at your tender age. 
|
|
|
 |
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!
Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!
|
|
02-11-2010, 01:09 PM
|
#22
|
|
Thinks s/he gets paid by the post
Join Date: Oct 2005
Posts: 2,203
|
what's wierd is was only in financial denial for the last 6 months or so...never before...that is why it is so foreign to me
as i mentioned, i am glad i set up a mental 'trick' for myself...auto-debiting 40,50,75 bucks at a time to various savings accts which makes money disappear...but re-appear when i really really need it....
|
|
|
|
|
02-11-2010, 01:35 PM
|
#23
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2006
Posts: 12,880
|
__________________
Al
|
|
|
|
|
02-12-2010, 09:01 PM
|
#25
|
|
Full time employment: Posting here.
Join Date: Apr 2006
Posts: 897
|
The deal is. Stability. So much more easier to manage when things are mellow, consistant, and predicable. Since your life is not like that, now... sacrifice a little risk and gains for more stability.
Or, maybe I'm wrong. It's all what you want.
-CC
__________________
"There's those thinkin' more or less, less is more, but if less is more, how you keepin' score?
It means for every point you make, your level drops. Kinda like you're startin' from the top..." "Society" - Eddie Vedder
|
|
|
|
|
02-12-2010, 09:33 PM
|
#26
|
|
Moderator Emeritus
Join Date: Feb 2006
Location: San Francisco
Posts: 8,827
|
 Quote:
Originally Posted by TromboneAl
I've noticed this, and I almost get stressed just reading about all your different ventures (bounce houses, duct cleaning, house flipping, lawn care, bathroom renovation, rental, rental property management, third child, Ebay sales, moving, more).
Maybe simplifying would help you clear your mind and let you concentrate on finances more.
|
Yup.
__________________
Rich
San Francisco Area
ESR'd March 2010. FIRE'd January 2011.
As if you didn't know..If the above message contains medical content, it's NOT intended as advice, and may not be accurate, applicable or sufficient. Don't rely on it for any purpose. Consult your own doctor for all medical advice.
|
|
|
|
|
02-13-2010, 05:26 AM
|
#27
|
|
Full time employment: Posting here.
Join Date: Jun 2005
Posts: 761
|
One other thing that helps an entrepreneur with a lot of ideas is to test drive them before you invest in them. I'm sure all of your business ventures are money makers but how many of them fit the lifestyle that you want to live. I came up with a lot of ideas for businesses here in Texas that would no doubt make money. When I researched them further I realized it would take a lot of my time away from family and the businesses would never make $1,000,000 per year so I scrapped them and put them on the back burner. Once I was honest with myself on what I wanted besides the money (like freedom, few employees, no collections, etc) the choice of business I chose to pursue became crystal clear. I still get distracted with other business ideas but once I do the mental exercise of what it would take to run it I shelve it and get back to work.
There is nothing wrong with selling a couple of your businesses and use the proceeds to grow the one with the most promise.
__________________
You take the blue pill - the story ends, you wake up in your bed and believe whatever you want to believe. You take the red pill - you stay in Wonderland and I show you how deep the rabbit-hole goes.
|
|
|
|
|
02-13-2010, 07:00 AM
|
#28
|
|
gone traveling
Join Date: Apr 2009
Location: Eastern PA
Posts: 3,851
|
Quote:
Originally Posted by REWahoo
T-Al may be right. I sense a case of "entrepreneurial overload" - attempting to spin way too many plates simultaneously.
|
Wow - a blast from the past  . However I believe it represents the OP's situation, based upon comments.
|
|
|
|
|
02-13-2010, 07:58 AM
|
#29
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2006
Posts: 12,880
|
__________________
Al
|
|
|
|
|
02-13-2010, 09:02 AM
|
#30
|
|
Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,860
|
Quote:
Originally Posted by Arif
I still get distracted with other business ideas but once I do the mental exercise of what it would take to run it I shelve it and get back to work.
There is nothing wrong with selling a couple of your businesses and use the proceeds to grow the one with the most promise.
|
I loved Scott Adams' "Lazy Entrepreneur" concept. That had the beginnings of a real entrepreneur's incubator, and at this point in my life I'd happily give my best ideas away for a fraction of a percentage royalty to a favorite charity.
__________________
*
Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
Author of the book written on E-R.org: "The Military Guide to Financial Independence and Retirement."
I don't spend much time here— please send a PM.
|
|
|
|
|
02-13-2010, 10:05 AM
|
#31
|
|
Thinks s/he gets paid by the post
Join Date: Dec 2007
Posts: 4,764
|
Quote:
Originally Posted by thefed
what's wierd is was only in financial denial for the last 6 months or so...never before...that is why it is so foreign to me
as i mentioned, i am glad i set up a mental 'trick' for myself...auto-debiting 40,50,75 bucks at a time to various savings accts which makes money disappear...but re-appear when i really really need it....
|
Im still looking forward to some more house flipping adventures. 
|
|
|
|
|
02-13-2010, 03:46 PM
|
#32
|
|
Thinks s/he gets paid by the post
Join Date: Oct 2005
Posts: 2,203
|
we're working on it....bought and sold one that i didnt document here because we were able to find a buyer and do a simultaneous close for +$5k
other than that, the slew of foreclosed homes around here are not hitting the market...maybe one or 2 a week vs. 10+/wk in the summer
i cant wait til the proverbial sh!t hits the fan...we will be standing by with cash in hand!
|
|
|
|
|
02-14-2010, 08:05 PM
|
#33
|
|
Thinks s/he gets paid by the post
Join Date: Dec 2005
Posts: 1,228
|
Here in SF, we've got a Medical Marijuana Dispensary called Mr. Nice Guy. Seems like our state is on the verge of legalizing your favorite crop, thefed. Move here and start a thread called "Mr. Nice Guy 2".
|
|
|
|
|
02-14-2010, 08:34 PM
|
#34
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Apr 2003
Location: Hooverville
Posts: 22,983
|
Quote:
Originally Posted by TromboneAl
|
Al, is that from Fellini's 8 1/2?
Ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
|
|
|
|
|
02-15-2010, 05:35 AM
|
#35
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2007
Location: Denver, Colorado
Posts: 6,258
|
Quote:
Originally Posted by TromboneAl
|
yeah, I have been trying to recall the comedy act (the Ed Sullivan Show and others) that used this song to great effect. It featured a small ("Little Person"?) trying frenetically to keep up with the beat of the song. The name of the group is on the tip of my tongue but...
__________________
"It's tough to make predictions, especially when it involves the future." ~Attributed to many
"In theory, there is no difference between theory and practice. But, in practice, there is." ~(perhaps by) Yogi Berra
"Those who have knowledge, don't predict. Those who predict, don't have knowledge."~ Lau tzu
|
|
|
|
|
02-15-2010, 06:00 AM
|
#36
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2006
Location: Pacific latitude 20/49
Posts: 7,677
|
Quote:
Originally Posted by thefed
That was impressive T-Al...did you have to do a search or was that off the top of your head?
|
Does it matter?
__________________
For the fun of it...Keith
|
|
|
|
|
02-15-2010, 06:56 AM
|
#37
|
|
Thinks s/he gets paid by the post
Join Date: Oct 2005
Posts: 2,203
|
Quote:
Originally Posted by free4now
Here in SF, we've got a Medical Marijuana Dispensary called Mr. Nice Guy. Seems like our state is on the verge of legalizing your favorite crop, thefed. Move here and start a thread called "Mr. Nice Guy 2".
|
my best friend is already there holding down the fort for me. got his card a few months ago for his, ummmm, medical issues.
|
|
|
|
|
02-15-2010, 09:23 AM
|
#38
|
|
Recycles dryer sheets
Join Date: Apr 2007
Posts: 53
|
American Express saved me from myself in my wild, care free years in the 70's. You couldn't carry a balance, it was the only card I had and that saved my rear!!!!!
|
|
|
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
|
| Thread Tools |
|
|
| Display Modes |
 Linear Mode
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|
