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Topic Review (Newest First)
06-26-2013 10:15 AM
CoreyZ As always... Have something someone else wants.
BlueRidge is spot on with building from the ground up, it just takes some time and dedication. The other thing to think of too is the economic and political climates and what they affect. Those that dump their money into stocks and whatnot are just fooling themselves that their money is secure and accessible should the government collapse. The FedReserve is a private company and wallstreet is controlled by the government.... Back when the market collapsed in the 20's, the government shut down the banks.
Get something tangible and something real and you can make money... look into buying/selling land or other goods. You can even try being a wholesaler or ebayer and work with companies to drop ship to customers rather than keeping stock on hand.
06-26-2013 09:46 AM
Jared66 Hmmm
06-26-2013 07:41 AM
BlueRidgeYJ How are you at painting?

Having contacts in the builder world make job bidding a bit easier, and it is the lowest start-up cost of any construction trade: brushes and drop clothes is all you need. Write your contracts where the customer (or GC) is responsible for supplying the paint, then show up and spread it. I know a few guys that built construction firms out of paint companies, they started just like I said, then added a little more carpentry/building skills as they came across areas needing repair. Now (20 years later) they run multiple crews of painters, builders, repairmen, chasers, etc and one even builds spec houses, too. Pressure washing is a good add-on to such a business, as it goes hand in hand with exterior painting or deck refinishing.

It is far better, I have found, to be your own boss than to work for another. And you're right - politics is for theives.

Also, you (again) are correct. Money is a nessecary evil - it is the pursuit of riches (excess, greed) that must be avoided to find happiness.
06-26-2013 02:06 AM
Jared66 I'm just concerned with being trapped in the cycle. Gotta work to eat and put a roof over my head. And. We'd those 2 things till the day I die... So unless I can get enough money aside I dunno how to create a residual income if I were to stop working. I started my own company when I was 18. ( I'm in western Canada). I started building houses ( Iv grown up in construction). But. I put my trust in the wrong people. And the book keeper I had. Who was my aunt. Was taking more then double her wage, and putting it up her nose. Made me short on the first house I built. And right then the economy slowed. Couldn't find a 2nd project. So it screwed me. The only saving grace I had was the fact that I incorporated right off the get go. So I personally havnt been that affected. Except all my personal money I pointed into it to get it goin. B I contemplate starting another company. But just excavating. ( I am a heavy equipment operator by trade, started when I was 8. Lol). It's what I know best. And it's what I could do on my own. Just the starting money is the trouble. But even still. Starting a company I'm unsure of being a solution either. Even if I keep it going and get over the dreaded 5 year start. Would the time I spend creating it be worth it? Or is there better places to spend the time. To get more. I'd rather not get into politics. I don't think I'd do well. I'd end up trying to be a dictator and getting rid of all the numerous useless people that "make the decisions" about everything. Yet nothing. Wasting our money and time. Etc. I have my firm beliefs and I don't think the worlds ready for me on that scale lol. So. I'm unsure what trail to head up. Just puttering as an operator. Paying bills and drivin my jeep. Until the right opportunity comes around. I'm hoping to figure something out by the time I'm 30. So I got 4 years yet.

Figured it wouldn't heart to see what the forum had to think
06-25-2013 08:03 AM
BlueRidgeYJ
Quote:
Originally Posted by Jared66 View Post
What do you mean? What is the concept that is reality then
The notion that squirreled nuts are the means to survival. Retirement, to me, is living 100% self sufficiently. Money, to me, is not a scorecard, but rather a means to an end. Unfortunately, the govt keeps shortening my stack through ponzi schemes like SSI - otherwise I would retire at 35. Instead, we're hoping for 45.

As the other poster commented, working as a banker is a good idea, but even their free money train (QE) may end soon (thank Jesus) which will collapse their artificial market of commodities. Expensive start-up cost, too.
Or you can spend half a million to get schooled in misguided economical concepts and come out gambling with other peoples life savings, those guys tend to do ok, despite how bad at their jobs they actually are. Probably need a rich daddy to get in that club, though. Those guys never suffer market hicups - they just take more tax money.

I still think politics are the easiest way (in America) to make the most while doing the least, particularly at the Fed level. The best benefits available in the US today are govt benefits, and their retirement is about as good as you can get, too. If that be your concern, get elected, or work for the DoD. Big $$$, comparatively speaking.

Remember, 'The pursuit of Money is the root of all that is Evil'. Don't get dollar vision!
06-24-2013 09:07 PM
Flyfisher76 This is going to sound cliche but find something you love to do and do it well and the money will come. If you are really that concerned with money go get a business degree work for a larger company and bust your ass 50+ hours a week while at the same time getting your MBA. Then you will make money but never have time to use it except on vacation days at which time you will still be tied to work via your smartphone.

I know this sounds cynical but that is the point.....i currently work in corporate america at a large bank and get paid well to do what i do and have no desire to move up the ladder to much more because the added stress is not worth it to me. I want ot be able to see my son's first t-ball game, first hit etc...now i will work hard and take advantage of all that i can and if the stars align i should be able to retire when i am 55 which isn't bad since i took 10 years to finish college after taking time off to play every few years
06-24-2013 09:00 PM
Jared66 What do you mean? What is the concept that is reality then
06-24-2013 07:24 PM
BlueRidgeYJ Work for the government.

Lose your traditional concepts of money and retirement, however, and doors swing open.
06-24-2013 03:57 PM
Jared66
Money

Anyone got any good ideas on how to make a decent Income this day in age. So you can actually get somewhere in life and buy a home etc without the banks owning you?

Legally...?

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