The smart money is in investing in a business venture that will have a nearly constant demand, regardless of the economic climate. Now, some people will say real estate, as people always need homes, but I say the smart money's in crack.:cool:

1.Fix as much of my own crap as possible.
2.Invest heavy for retirement.
3.Try to raise my kids so they won't be a finacial anchor after there of age
4.Time & a half
5.Double time
My wife & I talked about investing in rental property, but decided against it because we felt it would have a negative impact on our qaulity of life.

WHAT ME WORRY
 

All this talk about saving and investing gives me a headache...or is that just the hangover from last night at the casino....well another 3.7K hit the bricks and found a new home. I don't worry about a thing, Mother takes care of all my finances, all I have to do everyday is go out and spend money, gamble and drink....

Re: WHAT ME WORRY
 

you have it to easy....why dont you try working 40-50 hrs/week for a change just to see what it's like.

:)

With this work thing would I have to get up before noon?

yep, if you get up at noon, you will spend time getting ready, driving to work, NOT getting your lunch paid, and your commute home.

so when you get home by 9/10 PM, then that's your 8 hours.
wake up tomorrow , repeat for 4 more days.

by Friday, you'll be listening to all the other idiots at work saying "thank God it's Friday", then leave and sit in traffic for 1 hr.... if you're still driving you're 20 year old 911, you'll be sweating bullets under the hot sun.

Now why would I want to go and do a thing like that, when my money does that 24/7 for me?

so what's your secret?

Time and money compounded. There really is no get rich secret. One has to live behind the income curve and save your money. When your young one needs to take an aggressive approach. On needs to realize what the highest and best use of money is. I also believe on a more esoteric level one needs to be able to move money from one asset class to another as dictated by the markets. However unless we are Mother even the best of us don't always do whats best for our money.

One example about the highest and best use of money...Why pay your house off and tie up all that money. It doesn't do you any good. Now going and buying a car with the money would be a waste. However if you can borrow the money on the house and then invest it and get a greater return on the money than the percentage you are paying to borrow the money. Then you are using the money to it's highest and best use. Now many people as they get older want the security of a paid off home..they maybe financially wise in all other areas...so in that case because we want the emotional security we don't always do whats best for our money.

With our money it is a balancing act...we have to plan for the future and what it brings and we have to live for today, because all we have is the moment.

A little more about saving your money....a way to save your money is to watch where you spend it. Do you shop at the Mall or do you shop at the Discounters. Do you buy a NEW car or a 2 or 3 year old car, where the depreciation has allready been taken? See in a way you can have your cake and eat it to, if you choose wisely. I have known some VERY WEALTHY people and they invariably watch where and how they spend their money very closely. For example Warren Buffet who is the second wealthiest man in the world still lives in his modest home that he bought in 1957.

One other thing the financial advisors tell you that as you grow older one should become more conserative in one investing strategy. I believe that until we die we have to keep our moneies in play.

Print out tabs' post "Time and money compounded." I agree with it 100%. Investments and living below means is all it takes, but it takes discipline. It takes a certain mindset to win the game (meaning beat the game before it even begins). Some people just aren't built to be independently wealthy, and like Porsches, if I have to explain, you probably won't get it (not trying to be snotty at all).