Bikerdude
Thinks s/he gets paid by the post
- Joined
- Jul 4, 2006
- Messages
- 1,901
Bikerdude said:Just got back from a few beers at "Gatekeepers". Peter says "Hi"
I guess you didn't get out much in your 4 years in Middletown. :
Bikerdude said:Just got back from a few beers at "Gatekeepers". Peter says "Hi"
brewer12345 said:You might wish to be a tad more polite. There are several very seasoned investment professionals posting here that have a much better track record than either of the two clowns you mention.
redduck said:Well, we're up to about 200 replies and I haven't read most of them, so this may have already been addressed, but: If you're making $100,000 a year how are you saving $65,000? (I've got to know, because I'm sure not doing it). You did mention taxes and a car note. Are you living in your parent's basement? Do you spend money on dates/clothes/food/utilities--including cable TV? Do you go to the dentist?
bbbamI said:Hmmm. I've been busy lately. Has anyone got a summary of this thread, or do I have to read all of it?
Khan said:Young lawyer genius tells us ignoramni that high cost managed funds are the only way to paradise.
Khan said:Young lawyer genius tells us ignoramni that high cost managed funds are the only way to paradise.
Olav23 said:I was also amused that people go through sort of a 12-step process in investing.
1. get responsible and start saving
2. invest in managed funds
3. begin thinking you can beat everyone and the market because you are "just that much smarter than the clueless unshaved masses"
4. chase performance
5. get burned
6. go through the anger/denial/blame
7. find index funds and give up
damn, i need 5 more steps.. maybe as soon as I RE, I'll come up with them!
NinjaPigeon said:Woohoo! I started at number 7
ERD50 said:Google wesleyan and middletown and you'll find they don't even have a school of law
FIRE'd@51 said:In all fairness to AJ, he didn't say he went to law school at Wesleyan. He said he went there for undergraduate school, and went to law school at Tulane.
FIRE'd@51 said:In all fairness to AJ, he didn't say he went to law school at Wesleyan. He said he went there for undergraduate school, and went to law school at Tulane.
redduck said:Well, we're up to about 200 replies and I haven't read most of them, so this may have already been addressed, but: If you're making $100,000 a year how are you saving $65,000? (I've got to know, because I'm sure not doing it). You did mention taxes and a car note. Are you living in your parent's basement? Do you spend money on dates/clothes/food/utilities--including cable TV? Do you go to the dentist?
I'm just frugal by nature so it's how I know to live, once I get up to that million threshold, I'll start to let it go a bit
Olav23 said:.............. but getting married on the other hand
don't let the curmedgeons here beat ya down AJ. Some of the people here are just jealous: you have a high income, are young, AND have a clue! You have much to learn, but then, don't we all? Just keep plugging away and keep accumulating. Read lots of books and get varied opinions. You'll find the path that works for you and hopefully it won't cost you a fortune! Whatever you do, at this point you are way ahead of the game.AirJordan said:Yes it is in fact possible. A lot of my money consists of being out on the road and going to court houses. I get per diem money tax free, and I get mileage tax free. So when I make 100k a year, I might only have to pay 20k in taxes, since so much of my income is tax exempt. I don't live in my parent's basement, just an apartment I share with 3 guys and a girl, which is about 200$ a month for each of us, so just 2400 a year. I've got a steady girlfriend, and I drive a pretty nice car.
I am a scrimper in a lot of ways though, hardly ever go out to eat, brown bag it a lot, get drinks before I go to the bar. Etc. etc., I'm just frugal by nature so it's how I know to live, once I get up to that million threshold, I'll start to let it go a bit
Alex said:don't let the curmedgeons here beat ya down AJ.