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Old 02-14-2012, 07:13 PM   #121
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There is an automatic "spam-catcher" program for new members. It quarantines posts with links until they are reviewed and approved by the moderators. We'll take a look at your post and the link and approve it if warranted.
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Old 02-14-2012, 07:13 PM   #122
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Originally Posted by mjkagan View Post
By the way: Do they not allow you to post links here? I put one in a previous post and it's supposedly "under review"... any idea why?
Because you are new here. We get so much spam that, for new members, we have to filter posts containing links until we are sure they are legit.
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Old 02-14-2012, 07:20 PM   #123
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For me, gay men are the major gentrifiers and markers of an improving neighborhood, not those nasty hipsters with their cigarettes and skinny jeans and pasty complexions
In my usual fashion, I remember something funny that someone said, but don't remember who it was. It could have been someone I know, or could have been someone on this board.

They were talking about how funny the hipsters in LA looked in their woollen hats on hot fall and winter days (I'm guessing those hunter-type hats with the furry ear-covers). In the Pacific NW they're practical but in LA, the hipsters look silly.

In retrospect, I'm now quite glad that my Mum refused to buy me a pair of platform shoes in the 1970's
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Old 02-14-2012, 07:37 PM   #124
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There is an automatic "spam-catcher" program for new members. It quarantines posts with links until they are reviewed and approved by the moderators. We'll take a look at your post and the link and approve it if warranted.

To follow up:

The Community Rules, which are linked at the bottom of the page and with which we all agree to comply when we join the board, prohibit "blog spamming". Accordingly, with rare exception, we do not permit direct links to one's own blog in any post. A link to one's own blog may be placed in the user profile page (but not as a signature).

For that reason, the post has been approved by the moderators, but the link has been deleted.

Members can contact any moderator or administrator by PM if they have any questions about the posting rules.
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Old 02-15-2012, 01:33 PM   #125
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Wow - thanks for all the clarification, everyone.
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Old 04-04-2012, 08:45 PM   #126
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In our son's 1st year of High School (aged 14) a teacher had the class do an "affluenza" quiz, and asked the kids to take the quiz home and have their parents take it from the point in time they were aged 14.
It was a great exercise and eye opener for our son, not that he has ever complained about us depriving him of stuff.
I am very much in agreement that "time spent with" is much more important than "money spent on" your kids.
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It has been 15 years since he brought the quiz home. I have been searching the web on affluenza quizes for teenagers but just cannot find one specific to teenagers.
The quiz he brought home had much to do about what he owned and what was available to him in the home. I answered as when I was 14 (I was the oldest of 3 kids at the time).
Here you go, Alan:
Affluenza...Diagnosis [mod edit to provide affluenza quiz link]

I found a few quizzes from educational websites, but I think they're updated versions of what you remember.

One of them asked if you have more than 3000 iTunes. I guess that question was created when 3000 was considered a lot of expensive music.

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Definitely
I also managed to sneak in a Four Yorkshiremen link...
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Old 04-05-2012, 04:14 PM   #127
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Here you go, Alan:
Affluenza...Diagnosis [mod edit to provide affluenza quiz link]

I found a few quizzes from educational websites, but I think they're updated versions of what you remember.

One of them asked if you have more than 3000 iTunes. I guess that question was created when 3000 was considered a lot of expensive music.


I also managed to sneak in a Four Yorkshiremen link...
Perfect - thanks Nords
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Old 04-07-2012, 05:34 AM   #128
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It's just that, while I want to teach my kids to be good with money, I also want them to have many of the things I didn't. I don't want to deprive them of stuff just because daddy didn't want to work.
Will they get more out of 'things' or out of 'time with dad'?
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1 year later...here's what I did.
Old 08-03-2013, 12:54 PM   #129
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1 year later...here's what I did.

1.)I sold my business which was very beneficial. Due to current national leadership, I did NOT want to expand my business and hire more people (was at 45 employees....could easily have gone to 60 full-timers) ....and also wanted a good 'nest-egg' in the bank should things go to hell. I took care of many long-term employees fairly.

Bottom line....

I had $3.4 million banked, + home paid off. Pessimist that I am, I wanted to have money for private doctors, private school, etc. I decided...that with interest rates so low, I could not earn $200k/year on my investments with low-risk investments. And yes, certain luxuries I didn't want to forgo.

So, bought another business! LOL. But....instead of being 100% vested, I only vested $700k with the total biz value@$2 million. (This is precisely how I did my 1st biz, albeit that was half the value) Again this was a struggling business needing turnaround.

I RELOCATED and to my surprise...6 key employees came with me! They could get jobs at home anytime, but we all love working together so they made the journey.

So.....the new picture:

$1.7 mill in the bank.

$1.2 mill primary home...no mortgage.


$700k vested in new business.

The old house I kept. Just in case the new biz doesn't work out, and I sell the "1.2mm house"....at least we'll move back to a home and state that we're comfy with.

New Biz: If I fail, odds are I'd get most of my money back. If I succeed again, it would easily sell for $1.8mm. This whole year has been profitable so far, fingers-crossed. (Luckily, I won't go over 49 employees. ).

Kicker: New Biz, I pay myself a salary....so I now have $200k per year cash-flow.

Bottom line....

* $200k income is sustaining the lifestyle I want. No mortgage expense.

*My key employees followed me to new Biz....so I actually have enough quality-time with kids and Wife. I work 50 hours a week....which is better than the 70+ i used to work at the last start-up. Also 100% flexibility in my schedule like I've alays been used to...so can take time or days off when needed.

My current realistic goal:

Let the nest-egg earn 2-3% ROI. So i'd "bank" $40k per year. Grow the new-business but sleep well at night knowing that MY risk isn't "all in" like it used to be. Hope to turnaround and sell new-biz in 5 years. If not, hope to get my $700k out of it, go back to my old home with $3.4mm...and then weigh options. But by then hopefully CD's pay 3-4%, and not 1%. IF IF it works out and I sell new-biz successfully....I'd retire if I could have $4.5 mill in bank, + 1.2mm house paid for. So maybe in 5 years when I'm 43 years old. Maybe not.

So i'm not retired. But I have what I want...and now I'm sleeping well at night knowing that nest-egg is there and that NOBODY can get to it because I have no loans, no mortgages, no 'personal guarantees' for business, nothing.

Thanks to all who advised, took interest, mocked, encouraged, whatever.

Hope everyone is doing well.
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Old 08-04-2013, 10:33 AM   #130
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I hoped you moved to a cheap city that will help you in all areas.
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Old 08-04-2013, 01:20 PM   #131
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Nice of you to stop back to post an update; It's nice to hear that things worked out so well for you. I'm pretty curious as to what type of business you own that has put you in such a great position for your age and education level?
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Old 08-05-2013, 12:12 AM   #132
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Thanks for the update, and good luck with new company. Don't let it turn into 70 hrs a week again for you!
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Old 08-05-2013, 08:35 AM   #133
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Thanks for the update. I hope everything works according to plan! I'm also curious of your type of business.
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