Soft living

9/16/2022 5:27pm
Titan1 wrote:
I'm a mortgage loan officer (100% commission) and I've built a solid team (who are very good at what they do, and are very well paid)...
I'm a mortgage loan officer (100% commission) and I've built a solid team (who are very good at what they do, and are very well paid) that do pretty much everything. So my business runs without me. I pop in the office for a few hours a day (try and schedule appointments during those hours)...I do take phone calls/return emails, as needed, when I'm not in the office (I had a 10 minute phone call from the mountain bike trail on my ride on Monday morning for example)...but otherwise do what I want when I want (including spend way to much time on here with you fine folks).

ToolMaker wrote:
But it didn't start out that way. People don't think of and register a business name then become instantly profitable with no time investment. I would...
But it didn't start out that way. People don't think of and register a
business name then become instantly profitable with no time investment.
I would bet a doughnut you worked your share of more than 8 hour days.
BTW, you are now an inspiration.
TM
Titan1 wrote:
Yes, that would be very true...I've been at this for 20 years, and its really been the last 5 years or so that I've been able...
Yes, that would be very true...I've been at this for 20 years, and its really been the last 5 years or so that I've been able to live like this...at the start, it was long days with little to no income...then long days with decent income...then long days with decent income...then normal days with great income...now short days with great income....I guess I'm in a position where I can afford this so called "soft living" (FINALLY! at 41 years old lol).

If I liked it more (if it didn't feel so much like work to me) I could earn double/triple what I do...the top guys in my company are earning into the 7 figures each year...but they are still doing the long days (well, in all reality, they are also probably way smarter than me...so I probably couldn't make that much no matter how hard I worked), but I just don't like it that much, and I'm comfortable with my lifestyle.

I'm no inspiration...I just picked a career with unlimited earning potential and which income is only limited by my own ambition. Paid my dues, used my brain...and its worked out...so far.
How are your crew doing with the interest hikes?
I read the industry is down about 20%
That has to hurt.
TM
Titan1
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9/16/2022 5:37pm
ToolMaker wrote:
But it didn't start out that way. People don't think of and register a business name then become instantly profitable with no time investment. I would...
But it didn't start out that way. People don't think of and register a
business name then become instantly profitable with no time investment.
I would bet a doughnut you worked your share of more than 8 hour days.
BTW, you are now an inspiration.
TM
Titan1 wrote:
Yes, that would be very true...I've been at this for 20 years, and its really been the last 5 years or so that I've been able...
Yes, that would be very true...I've been at this for 20 years, and its really been the last 5 years or so that I've been able to live like this...at the start, it was long days with little to no income...then long days with decent income...then long days with decent income...then normal days with great income...now short days with great income....I guess I'm in a position where I can afford this so called "soft living" (FINALLY! at 41 years old lol).

If I liked it more (if it didn't feel so much like work to me) I could earn double/triple what I do...the top guys in my company are earning into the 7 figures each year...but they are still doing the long days (well, in all reality, they are also probably way smarter than me...so I probably couldn't make that much no matter how hard I worked), but I just don't like it that much, and I'm comfortable with my lifestyle.

I'm no inspiration...I just picked a career with unlimited earning potential and which income is only limited by my own ambition. Paid my dues, used my brain...and its worked out...so far.
ToolMaker wrote:
How are your crew doing with the interest hikes?
I read the industry is down about 20%
That has to hurt.
TM
We are a purchase focused team…refi’s are just gravy, we close them when they are there but it isn’t our focus…and there is still a 31,000 unit housing shortage in my market, and values still climbing (though MUCH slower than the past three years) so plenty of people still buying.

But we have felt a hit…right now a lot of elective buyers are holding out and sitting on the sidelines, so we are slower than we might otherwise be. We won’t be setting any production records this year, but still plenty busy.
9/20/2022 8:53pm
im in my mid 30s, single, no debt and a 6 fig job and pay little to no rent

i want to quiet quit as im burnt out but im just pushing through because fuck most millenials and i want this 911 turbo

the cost of living keeps going up and wages are still not keeping up with inflation. i cant hate on my fellow millenials and gen Z kids too much becauae ive been there.

wish the older crowd (looking at you, boomer) would understand this
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hard2kill
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Flag Pond, TN US
9/21/2022 8:40am
you will own nothing and be happy.
3

The Shop

TeamGreen
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9/21/2022 8:53am
hard2kill wrote:
you will own nothing and be happy.
That one is REALLY biting these Globalist Elite's and their Private Jet Buddies...

Right on the Ass!

And it is AWESOME.

Let the insanity continue to "expose itself" so that the minions can catch on and pull their heads out.
1
TeamGreen
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9/21/2022 8:58am
im in my mid 30s, single, no debt and a 6 fig job and pay little to no rent i want to quiet quit as im...
im in my mid 30s, single, no debt and a 6 fig job and pay little to no rent

i want to quiet quit as im burnt out but im just pushing through because fuck most millenials and i want this 911 turbo

the cost of living keeps going up and wages are still not keeping up with inflation. i cant hate on my fellow millenials and gen Z kids too much becauae ive been there.

wish the older crowd (looking at you, boomer) would understand this
You'll have to forgive us if we reply with...

"Welcome to being an adult."

If you think there's a single one of us that wouldn't rather be outside playing all day? Well, you'd be mistaken.

As for,"looking at you, boomer"...?

That's too funny. Why? Because, I have only one thing to say to all of you that came after us; and, it's the same thing that was said to us...

"You're welcome & don't fuck it up."
2
1
Falcon
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Menifee, CA US
9/21/2022 9:00am
Look, if you can make this kind of lifestyle work for you, then go for it. The problem is, and many people who latch onto a particular style of socio-political strategy (I won't name groups or parties,) don't seem to understand, is that we live in a cause/effect world. You don't get something for nothing. Living soft is great until you come to the end of your finances and realize that there aren't too many places giving out free food/clothing/shelter/consumer goods.

bite_the_curb's 911 Turbo doesn't materialize out of thin air, and he knows it. So he's making a sacrifice (working,) so he can attain a goal. Bravo to him. Love and rainbows are free, but Porsches cost money, and they were made by people who work very hard. You have to make similar efforts to attain the capital to buy one.
1
9/21/2022 9:06am
TeamGreen wrote:
You'll have to forgive us if we reply with... "Welcome to being an adult." If you think there's a single one of us that wouldn't rather...
You'll have to forgive us if we reply with...

"Welcome to being an adult."

If you think there's a single one of us that wouldn't rather be outside playing all day? Well, you'd be mistaken.

As for,"looking at you, boomer"...?

That's too funny. Why? Because, I have only one thing to say to all of you that came after us; and, it's the same thing that was said to us...

"You're welcome & don't fuck it up."
tell those toolbags at sandlfeas to SUCK IT


the younger kids are latching onto socialism and the bernie bros because objectively speaking it is over for most of them, there arent enough "good paying" jobs to sustain a middle class lifestyle and more importantly, very few people are actually smart enough to become software developers or electrical engineers

until we have some sort of monetary reset, expect more wacky political ideas.
1
whyZ
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9/21/2022 9:28am
im in my mid 30s, single, no debt and a 6 fig job and pay little to no rent i want to quiet quit as im...
im in my mid 30s, single, no debt and a 6 fig job and pay little to no rent

i want to quiet quit as im burnt out but im just pushing through because fuck most millenials and i want this 911 turbo

the cost of living keeps going up and wages are still not keeping up with inflation. i cant hate on my fellow millenials and gen Z kids too much becauae ive been there.

wish the older crowd (looking at you, boomer) would understand this
Understand what? You're in your mid 30's barley half way through your professional career, and you want to call it quits?

You've obviously have worked hard, and made good decisions so far, and for some reason the up's and down's of life have burnt you out , and it's because of "boomers"?

Not saying your wrong, and you're entitled to make what ever decision you want, but quitting is a tough habit to break. And making up new socially excepted delineations for it doesn't make it any less than what it is.
2
SEEMEFIRST
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9/21/2022 10:19am
im in my mid 30s, single, no debt and a 6 fig job and pay little to no rent i want to quiet quit as im...
im in my mid 30s, single, no debt and a 6 fig job and pay little to no rent

i want to quiet quit as im burnt out but im just pushing through because fuck most millenials and i want this 911 turbo

the cost of living keeps going up and wages are still not keeping up with inflation. i cant hate on my fellow millenials and gen Z kids too much becauae ive been there.

wish the older crowd (looking at you, boomer) would understand this
whyZ wrote:
Understand what? You're in your mid 30's barley half way through your professional career, and you want to call it quits? You've obviously have worked hard...
Understand what? You're in your mid 30's barley half way through your professional career, and you want to call it quits?

You've obviously have worked hard, and made good decisions so far, and for some reason the up's and down's of life have burnt you out , and it's because of "boomers"?

Not saying your wrong, and you're entitled to make what ever decision you want, but quitting is a tough habit to break. And making up new socially excepted delineations for it doesn't make it any less than what it is.
Was hoping someone would ask this.
1
alphado
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Erie, PA US
9/21/2022 10:22am
I'm the manager of a tool and die shop. We have one younger guy that is awesome! Always wants to learn more, he came from a farm. The rest of us are in our 50s and 60s. Trying to build a younger base but it is hard. Wages have gone way up in the trade. Trying to get my youngest son into it. He is a senior in high school now and is taking a cnc class in school.
4
SEEMEFIRST
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9/21/2022 10:26am
alphado wrote:
I'm the manager of a tool and die shop. We have one younger guy that is awesome! Always wants to learn more, he came from a...
I'm the manager of a tool and die shop. We have one younger guy that is awesome! Always wants to learn more, he came from a farm. The rest of us are in our 50s and 60s. Trying to build a younger base but it is hard. Wages have gone way up in the trade. Trying to get my youngest son into it. He is a senior in high school now and is taking a cnc class in school.
Try to find a good machine/maintenance tech that isn't in his 50's.
We tried for 5 years to find a younger guy to teach, and get into the trade.

They all either wanted you be the PLC/ programmer
guy, or they wouldn't show up.
9/21/2022 10:55am
whyZ wrote:
Understand what? You're in your mid 30's barley half way through your professional career, and you want to call it quits? You've obviously have worked hard...
Understand what? You're in your mid 30's barley half way through your professional career, and you want to call it quits?

You've obviously have worked hard, and made good decisions so far, and for some reason the up's and down's of life have burnt you out , and it's because of "boomers"?

Not saying your wrong, and you're entitled to make what ever decision you want, but quitting is a tough habit to break. And making up new socially excepted delineations for it doesn't make it any less than what it is.
home ownership is out of reach for me and when i say homeownership, i mean no mortgage. i refuse to go into debt.

there is little to no job stability anymore, especially in the corporate world. millennials are skating up hill
1
whyZ
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Phoenix, AZ US
9/21/2022 11:39am
whyZ wrote:
Understand what? You're in your mid 30's barley half way through your professional career, and you want to call it quits? You've obviously have worked hard...
Understand what? You're in your mid 30's barley half way through your professional career, and you want to call it quits?

You've obviously have worked hard, and made good decisions so far, and for some reason the up's and down's of life have burnt you out , and it's because of "boomers"?

Not saying your wrong, and you're entitled to make what ever decision you want, but quitting is a tough habit to break. And making up new socially excepted delineations for it doesn't make it any less than what it is.
home ownership is out of reach for me and when i say homeownership, i mean no mortgage. i refuse to go into debt. there is little...
home ownership is out of reach for me and when i say homeownership, i mean no mortgage. i refuse to go into debt.

there is little to no job stability anymore, especially in the corporate world. millennials are skating up hill
Don't disagree with anything you've said. But throwing in the towel is neither sensible or pragmatic. And here you are again, you're quitting even before you started. There are other ways to get into home ownership without incurring a substantial mortgage. Not no mortgage, just not a heavy one.

Stability? I've been at my job as long as you've been alive. And through hard work, ignoring the temptations of quitting, now I'm at the top. Of course you feel there's no stability, employers like me only see quitters these days, or no shows, or unwilling to put the work in. There are no simple answers, but quitting isn't one of them.
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early
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9/21/2022 11:44am
home ownership is out of reach for me and when i say homeownership, i mean no mortgage. i refuse to go into debt. there is little...
home ownership is out of reach for me and when i say homeownership, i mean no mortgage. i refuse to go into debt.

there is little to no job stability anymore, especially in the corporate world. millennials are skating up hill
Most people don't have the ability to pay cash for a house regardless of the generation they are born, taking a loan is preferable to saving for 20 or 30 years (while paying rent?) then buying a house after most of your life milestones have come and gone.
1
Titan1
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9/21/2022 11:50am
whyZ wrote:
Understand what? You're in your mid 30's barley half way through your professional career, and you want to call it quits? You've obviously have worked hard...
Understand what? You're in your mid 30's barley half way through your professional career, and you want to call it quits?

You've obviously have worked hard, and made good decisions so far, and for some reason the up's and down's of life have burnt you out , and it's because of "boomers"?

Not saying your wrong, and you're entitled to make what ever decision you want, but quitting is a tough habit to break. And making up new socially excepted delineations for it doesn't make it any less than what it is.
home ownership is out of reach for me and when i say homeownership, i mean no mortgage. i refuse to go into debt. there is little...
home ownership is out of reach for me and when i say homeownership, i mean no mortgage. i refuse to go into debt.

there is little to no job stability anymore, especially in the corporate world. millennials are skating up hill
Don't get it twisted, you're still paying a mortgage...you're just paying your landlords mortgage rather than your own.

Hypothetically, even if you had the money to buy a home in cash (no mortgage)...it would be a dumb financial decision to do that...for example: if you had half a million bucks (more or less depending on your market) to buy a home in cash...getting a mortgage (even at today's 6% rates) and throwing the bulk of that cash into the the market and letting it earn interest (more interest than you'd be paying on your mortgage) for the next 30 years is the right thing to do...in 30 years you'd be mortgage free (on a home that is worth double/triple what you paid for it), and that $500K initial investment would be worth millions as long as you reinvested the dividends and earned on average even a measly 10% APY. not to mention the taxes you'd save via the mortgage interest deduction over 30 years.

So, even if you don't have the money to buy a home in cash, you'd be far better off buying a home, and paying a mortgage (rather than rent)...writing off the interest, letting the home appreciate in value...rather than paying SOMEONE ELSE'S mortgage in the form of rent (where they get to benefit from the home appreciation, principal reduction on their loan, and the interest deduction...and you get, well, nothing). To assume you don't have debt because you don't have a mortgage is foolish...you've got to pay money to live somewhere, and that's as good as debt.
3
9/21/2022 12:00pm
Titan1 wrote:
Don't get it twisted, you're still paying a mortgage...you're just paying your landlords mortgage rather than your own. Hypothetically, even if you had the money to...
Don't get it twisted, you're still paying a mortgage...you're just paying your landlords mortgage rather than your own.

Hypothetically, even if you had the money to buy a home in cash (no mortgage)...it would be a dumb financial decision to do that...for example: if you had half a million bucks (more or less depending on your market) to buy a home in cash...getting a mortgage (even at today's 6% rates) and throwing the bulk of that cash into the the market and letting it earn interest (more interest than you'd be paying on your mortgage) for the next 30 years is the right thing to do...in 30 years you'd be mortgage free (on a home that is worth double/triple what you paid for it), and that $500K initial investment would be worth millions as long as you reinvested the dividends and earned on average even a measly 10% APY. not to mention the taxes you'd save via the mortgage interest deduction over 30 years.

So, even if you don't have the money to buy a home in cash, you'd be far better off buying a home, and paying a mortgage (rather than rent)...writing off the interest, letting the home appreciate in value...rather than paying SOMEONE ELSE'S mortgage in the form of rent (where they get to benefit from the home appreciation, principal reduction on their loan, and the interest deduction...and you get, well, nothing). To assume you don't have debt because you don't have a mortgage is foolish...you've got to pay money to live somewhere, and that's as good as debt.
i have to be able to move to where my work is and im just taking advantage of the current environment (remote work)

this is my problem with home ownership mostly..its a liability for someone like myself
3
Titan1
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9/21/2022 12:04pm Edited Date/Time 9/21/2022 12:55pm
Titan1 wrote:
Don't get it twisted, you're still paying a mortgage...you're just paying your landlords mortgage rather than your own. Hypothetically, even if you had the money to...
Don't get it twisted, you're still paying a mortgage...you're just paying your landlords mortgage rather than your own.

Hypothetically, even if you had the money to buy a home in cash (no mortgage)...it would be a dumb financial decision to do that...for example: if you had half a million bucks (more or less depending on your market) to buy a home in cash...getting a mortgage (even at today's 6% rates) and throwing the bulk of that cash into the the market and letting it earn interest (more interest than you'd be paying on your mortgage) for the next 30 years is the right thing to do...in 30 years you'd be mortgage free (on a home that is worth double/triple what you paid for it), and that $500K initial investment would be worth millions as long as you reinvested the dividends and earned on average even a measly 10% APY. not to mention the taxes you'd save via the mortgage interest deduction over 30 years.

So, even if you don't have the money to buy a home in cash, you'd be far better off buying a home, and paying a mortgage (rather than rent)...writing off the interest, letting the home appreciate in value...rather than paying SOMEONE ELSE'S mortgage in the form of rent (where they get to benefit from the home appreciation, principal reduction on their loan, and the interest deduction...and you get, well, nothing). To assume you don't have debt because you don't have a mortgage is foolish...you've got to pay money to live somewhere, and that's as good as debt.
i have to be able to move to where my work is and im just taking advantage of the current environment (remote work) this is my...
i have to be able to move to where my work is and im just taking advantage of the current environment (remote work)

this is my problem with home ownership mostly..its a liability for someone like myself
So are you not buying a home because you don't want to live where you work? Can't afford to live where you work? Is your remote work going to end? Does your work move around all the time? You worried your boss is going to fire you (he might if you fall prey to that "quiet quitting" nonsense)?

How is it a liability for someone like you...with a steady 6 figure income and job?
hubbardmx50
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Rancho Cucamonga, CA US
9/21/2022 12:43pm
im in my mid 30s, single, no debt and a 6 fig job and pay little to no rent i want to quiet quit as im...
im in my mid 30s, single, no debt and a 6 fig job and pay little to no rent

i want to quiet quit as im burnt out but im just pushing through because fuck most millenials and i want this 911 turbo

the cost of living keeps going up and wages are still not keeping up with inflation. i cant hate on my fellow millenials and gen Z kids too much becauae ive been there.

wish the older crowd (looking at you, boomer) would understand this
whyZ wrote:
Understand what? You're in your mid 30's barley half way through your professional career, and you want to call it quits? You've obviously have worked hard...
Understand what? You're in your mid 30's barley half way through your professional career, and you want to call it quits?

You've obviously have worked hard, and made good decisions so far, and for some reason the up's and down's of life have burnt you out , and it's because of "boomers"?

Not saying your wrong, and you're entitled to make what ever decision you want, but quitting is a tough habit to break. And making up new socially excepted delineations for it doesn't make it any less than what it is.
This reminds me of the movie Office Space.
1
early
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University Heights, OH US
9/21/2022 1:19pm Edited Date/Time 9/21/2022 1:20pm
Titan1 wrote:
Don't get it twisted, you're still paying a mortgage...you're just paying your landlords mortgage rather than your own. Hypothetically, even if you had the money to...
Don't get it twisted, you're still paying a mortgage...you're just paying your landlords mortgage rather than your own.

Hypothetically, even if you had the money to buy a home in cash (no mortgage)...it would be a dumb financial decision to do that...for example: if you had half a million bucks (more or less depending on your market) to buy a home in cash...getting a mortgage (even at today's 6% rates) and throwing the bulk of that cash into the the market and letting it earn interest (more interest than you'd be paying on your mortgage) for the next 30 years is the right thing to do...in 30 years you'd be mortgage free (on a home that is worth double/triple what you paid for it), and that $500K initial investment would be worth millions as long as you reinvested the dividends and earned on average even a measly 10% APY. not to mention the taxes you'd save via the mortgage interest deduction over 30 years.

So, even if you don't have the money to buy a home in cash, you'd be far better off buying a home, and paying a mortgage (rather than rent)...writing off the interest, letting the home appreciate in value...rather than paying SOMEONE ELSE'S mortgage in the form of rent (where they get to benefit from the home appreciation, principal reduction on their loan, and the interest deduction...and you get, well, nothing). To assume you don't have debt because you don't have a mortgage is foolish...you've got to pay money to live somewhere, and that's as good as debt.
i have to be able to move to where my work is and im just taking advantage of the current environment (remote work) this is my...
i have to be able to move to where my work is and im just taking advantage of the current environment (remote work)

this is my problem with home ownership mostly..its a liability for someone like myself
Titan1 wrote:
So are you not buying a home because you don't want to live where you work? Can't afford to live where you work? Is your remote...
So are you not buying a home because you don't want to live where you work? Can't afford to live where you work? Is your remote work going to end? Does your work move around all the time? You worried your boss is going to fire you (he might if you fall prey to that "quiet quitting" nonsense)?

How is it a liability for someone like you...with a steady 6 figure income and job?
I'd assume that he doesn't want to be stuck with a house possibly underwater some place that doesn't work for him anymore.

Home ownership doesn't work for everyone at every stage and location of their life and that's not a bad thing. The shitty thing is that today, in the highest growth parts of the country we are building alot of the same single family neighborhoods we were building 30 years ago. There should be more high density homes and better provisions for safe non-automobile transportation to try and lower traffic congestion.
1
Titan1
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9/21/2022 1:36pm Edited Date/Time 9/21/2022 1:50pm
i have to be able to move to where my work is and im just taking advantage of the current environment (remote work) this is my...
i have to be able to move to where my work is and im just taking advantage of the current environment (remote work)

this is my problem with home ownership mostly..its a liability for someone like myself
Titan1 wrote:
So are you not buying a home because you don't want to live where you work? Can't afford to live where you work? Is your remote...
So are you not buying a home because you don't want to live where you work? Can't afford to live where you work? Is your remote work going to end? Does your work move around all the time? You worried your boss is going to fire you (he might if you fall prey to that "quiet quitting" nonsense)?

How is it a liability for someone like you...with a steady 6 figure income and job?
early wrote:
I'd assume that he doesn't want to be stuck with a house possibly underwater some place that doesn't work for him anymore. Home ownership doesn't work...
I'd assume that he doesn't want to be stuck with a house possibly underwater some place that doesn't work for him anymore.

Home ownership doesn't work for everyone at every stage and location of their life and that's not a bad thing. The shitty thing is that today, in the highest growth parts of the country we are building alot of the same single family neighborhoods we were building 30 years ago. There should be more high density homes and better provisions for safe non-automobile transportation to try and lower traffic congestion.
That's fine...home ownership doesn't work for everyone all the time (I agree with you)...I'm just trying to get his story straight...

First its because he doesn't believe in debt, and will never be able to save up enough money to buy a house in cash (when purchasing a home in cash is shown to be a bad financial decision for most people), then he has to be able to move to where his work is...

Not buying a home because you don't want debt is a dumb reason not to buy a home...not buying a home because you are relocating soon, or relocate often, or just plain don't want to, are perfectly acceptable reasons to not purchase a home.
avidchimp
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EGL, MN US
9/21/2022 6:33pm
Most of these people that are "soft living" are waiting for those of us that actually had a chance to make something of our lives to die and inherit wealth.

I know my parents did well, and I have done well myself, but I will pass that on to my grandchildren because I know the world is fucked.
2
9/21/2022 7:45pm
Titan1 wrote:
That's fine...home ownership doesn't work for everyone all the time (I agree with you)...I'm just trying to get his story straight... First its because he doesn't...
That's fine...home ownership doesn't work for everyone all the time (I agree with you)...I'm just trying to get his story straight...

First its because he doesn't believe in debt, and will never be able to save up enough money to buy a house in cash (when purchasing a home in cash is shown to be a bad financial decision for most people), then he has to be able to move to where his work is...

Not buying a home because you don't want debt is a dumb reason not to buy a home...not buying a home because you are relocating soon, or relocate often, or just plain don't want to, are perfectly acceptable reasons to not purchase a home.
alot of people lost everything when 2008 happened

i like having cash on hand and like owning things outright
3
Titan1
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9/21/2022 8:02pm Edited Date/Time 9/21/2022 8:05pm
Titan1 wrote:
That's fine...home ownership doesn't work for everyone all the time (I agree with you)...I'm just trying to get his story straight... First its because he doesn't...
That's fine...home ownership doesn't work for everyone all the time (I agree with you)...I'm just trying to get his story straight...

First its because he doesn't believe in debt, and will never be able to save up enough money to buy a house in cash (when purchasing a home in cash is shown to be a bad financial decision for most people), then he has to be able to move to where his work is...

Not buying a home because you don't want debt is a dumb reason not to buy a home...not buying a home because you are relocating soon, or relocate often, or just plain don't want to, are perfectly acceptable reasons to not purchase a home.
alot of people lost everything when 2008 happened

i like having cash on hand and like owning things outright
Those people made stupid decisions and financed their homes on crap loans and/or panicked and dumped their home (either short sold, or foreclosed).

I bought my first home at the very end of 2005 (just about at the peak)…I was upside down during the crash…but, I financed on a fixed rate fully amortized loan, and didn’t panic.

I sold that house in 2016 for almost double what I paid for it in 2005.

Few people who financed on fixed rate loans and didn’t panic, “lost everything” during the 2008 recession. And you wouldn’t either.

(And when it comes to a mortgage, all you should ever lose is the home the mortgage has a lien on…mortgage companies can’t go after other assets to recoup losses.)

You should do some research on how to leverage debt….Financing liabilities, is almost always a dumb idea and should be avoided (cars, credit cards, vacations, motorcycles, etc. things that go down in value or have no resale value at all)…financing things that go up in value, on low risk loans, is almost always a good idea (ESPECIALLY when you’ve got to pay money to live one way or the other anyway…may as well pay your own mortgage-and reap all the other benefits of homeownership…interest deduction, principal reduction, appreciation-rather than paying your landlords mortgage-and getting none of those benefits)..
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TeamGreen
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9/22/2022 9:29am
TeamGreen wrote:
You'll have to forgive us if we reply with... "Welcome to being an adult." If you think there's a single one of us that wouldn't rather...
You'll have to forgive us if we reply with...

"Welcome to being an adult."

If you think there's a single one of us that wouldn't rather be outside playing all day? Well, you'd be mistaken.

As for,"looking at you, boomer"...?

That's too funny. Why? Because, I have only one thing to say to all of you that came after us; and, it's the same thing that was said to us...

"You're welcome & don't fuck it up."
tell those toolbags at sandlfeas to SUCK IT the younger kids are latching onto socialism and the bernie bros because objectively speaking it is over for...
tell those toolbags at sandlfeas to SUCK IT


the younger kids are latching onto socialism and the bernie bros because objectively speaking it is over for most of them, there arent enough "good paying" jobs to sustain a middle class lifestyle and more importantly, very few people are actually smart enough to become software developers or electrical engineers

until we have some sort of monetary reset, expect more wacky political ideas.
Worked a Lockheed for over a decade. It was a REALLY GOOD paying gig.
But…
During that time I recognized “being another cog in the wheel” WAS NOT for me. So, in 1992 I started looking into creating “my own gig”.
Started my 1st company in 1992.
In the 1sf week of 1995, I “retired” from Lockheed…
At 32.

I haven’t looked back since & I sure as hell haven’t had any “quietly quitting” or “Bernie Bro” issues or any other needs to blame ANYONE-ELSE for my outcomes.

Get out there and do your own thing.

You’re worth it.

Manny
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