Basic financial questions and tips.

[The Big Daddy C-Master]

Hello ladies and gentlemen, this is a thread for basic financial inquiries and tips. People can share what they know, or ask questions. Doesn't need to be anything too over the top. Money is something that is so important, yet very few people are educated on it.

Keep the questions and advice serious. I don't mind some joking of course, but I don't want this thrown insanely off topic.

[The Big Daddy C-Master]

Here are a few basics for men. Many of these will challenge popular societal thought. But that's the point, to become what most aren't, you have to do what most won't do:

1. Focus on building wealth/passive income as much as possible. Especially if you are young. Using things like real estate, business, and investing is great for you and it keeps you from having to rely on a job your whole life. You also get many tax breaks and most importantly you make money without having to work. You cannot experience true freedom if you can't accomplish this.

2. Don't EVER get married, never ever ever... the worst possible decision a man can make in this society. Due to lobbying and anti-male laws by feminists a woman can simply make a unilateral decision, take everything you ever worked for, and also steal your children. Then she can force you to pay her at gunpoint by the state or go to debtors prison. This is just a bad territory for men that offers no benefits.

3. Don't cohabitate. Closely related to #2. Nowadays the headaches involved with having a woman in your house is just too high compared to the benefits. A man can have all the sex he wants and the freedom without the headache and costs of a woman around. Now they are passing cohabitation laws that act like alimony and is just another way to steal wealth from men and transfer it to women.

4. Don't pay for sex, or pay next to nothing. I know most men have a pussy addiction, but this is very costly and ruins you. Think of all the money men spend on dates, dinners, drinks, looking and dressing nice, mortgages, cars, etc. All of this to please a woman or attract her. You're better off taking care of yourself and building wealth. The woman will come to you and you can do what you need with her and broom her quickly afterwards.

5. Don't go to college unless it's ABSOLUTELY NECESSARY *or* you go free off of scholarship/grant/ wealthy parents (perhaps). Men don't get the financial aid that women do, so for most a free ride off of that is out of the question. The college bubble is bursting and more and more people are without jobs as they are going overseas. With the cost of college and the loans that can't be gotten rid of, it becomes just another form of debt slavery that isn't necessary unless you *need* a degree (like a Doctor or something). Getting a degree "just because" is a fools errand and will cost you dearly. That money is better saved and invested, and with cheap housing you can actually find a house for the cost of a degree in many cases. Many people are paying 1200-1500 a month for a degree. You can pretty much pay all of your living expenses with that right now in this cheap housing market.

6. Cut your costs down and avoid paying interest. Every dollar you pay in interest is a dollar you could make interest on. Keep your costs down and avoid buying junk, but buy nice things that last. For instance you don't need a fresh off the lot car (depreciates too fast), and you don't want a old raggedy car that's falling apart as it costs you in the long run. I'd say find something gently used with 10k or 20k miles and get the best cost/depreciation out of it. Not only that but it runs like new.

These are a few basic steps, and more will come along as I think of them. Other people are welcome to add on.

[Rogue Jedi]

Easy. Don't spend more than you earn. When you get paid, pay your bills first, put back X dollars if you are saving, then blow the rest.

[The Big Daddy C-Master]

Dec 4, 2011 14:28:02 GMT -5 Rogue Jedi said:

Easy. Don't spend more than you earn. When you get paid, pay your bills first, put back X dollars if you are saving, then blow the rest.

Ah a post here.


That is true, you can enjoy your money if you save and invest it properly.

As you know, by being a bachelor, you save loads of money.

[Rogue Jedi]

Indeed. And you don't have to be led around by a ring in your nose.

[The Big Daddy C-Master]

Dec 4, 2011 18:07:52 GMT -5 Rogue Jedi said:

Indeed. And you don't have to be led around by a ring in your nose.

Or having her *real* man the state extort money from you in numerous ways or be put in jail.

[Rogue Jedi]

Ah, fuck her.

[The Big Daddy C-Master]

Dec 4, 2011 22:22:04 GMT -5 Rogue Jedi said:

Ah, fuck her.

Someone in particular?

[Rogue Jedi]

All my exes.

[The Big Daddy C-Master]

Dec 5, 2011 0:40:35 GMT -5 Rogue Jedi said:

All my exes.

Did they try to take all of your money?

[Rogue Jedi]

No, but they tried to run me.

[The Big Daddy C-Master]

Dec 5, 2011 9:23:23 GMT -5 Rogue Jedi said:

No, but they tried to run me.

Well it's in their best interest to rely on men and try to manipulate them. As much as they say otherwise.

Let them pay for their own stuff. Relationships and marriage are the biggest financial traps a man could get themselves into.

[Coolest thing Alive]

All I gotta say is, get some Goddamn discipline! And kick them money drainin habits. Realize that life aint always fun. When you realize how pointless the life society wants you to lead is, the money'll start pourin in.

[The Big Daddy C-Master]

Dec 20, 2011 21:11:11 GMT -5 Coolest thing Alive said:

All I gotta say is, get some Goddamn discipline! And kick them money drainin habits. Realize that life aint always fun. When you realize how pointless the life society wants you to lead is, the money'll start pourin in.

I think you can have fun and freedom. You have to learn to build wealth and make money work for you. You also have to manage your money like you manage your health. Once you get it up to speed you can kick back and let your money do the work.

[Coolest thing Alive]

Exactly! But I never forget, you gotta put yur work in to get paid. Lax effort gets you lax pay. And "puttin yur time in", wont always be fun.

I will admit, various traits of my antisocial personalty disorder makes it excessively easy to manage money and maximize profits. So try to get one of those lol.

[The Big Daddy C-Master]

Well when you're talking about business and building wealth you have to work 10x as hard and risk 10x as much, but it's worth it in the long run because you have more wealth and leisure. So it's work hard first, reap rewards later kind of thing.

[Coolest thing Alive]

Indeed. You'll enjoy life more, cuz you'll have more.

[The Big Daddy C-Master]

You'll have more time to enjoy it and you'll have more options. The best thing about wealth isn't buying fancy cars or houses, it's about options. When you *have* to go to work you lose those options.

[Blaze72]

Dec 5, 2011 9:29:08 GMT -5 The Big Daddy C-Master said:

Relationships and marriage are the biggest financial traps a man could get themselves into.

That Gene simmons seems to be doing good he has a wife and kids but has'nt got married.

[The Big Daddy C-Master]

Jan 21, 2012 4:52:37 GMT -5 Blaze72 said:

Dec 5, 2011 9:29:08 GMT -5 The Big Daddy C-Master said:

Relationships and marriage are the biggest financial traps a man could get themselves into.

That Gene simmons seems to be doing good he has a wife and kids but has'nt got married.

Did he marry that chick?

Well the laws with marriage and children are phenomenally against men, you'd be setting yourself up with a very anti-male system in the form of alimony and child support. This was created to steal wealth from men and transfer it to women.

Look at all the divorce last year.

Hulk Hogan's wife left him and took 70% of everything despite never working.

Mel Gibson has to pay out 425 million.

Kim Kardashian left after 72 days.

Ruben Studdards wife left him and try to break the prenup saying "she didn't know any better".

Kobe's wife left after 10 years (in California 10 years equals lifetime alimony, or slavery if you will).

People born in older times do better as the times and the laws were different, but now, you'd have to be a fool to do it.

[Blaze72]

And then theres that new shit people like to do now Prenuptial agreements.

[The Big Daddy C-Master]

Those can be avoided by the woman throwing it out. So don't bother.

[Dja Majista]

YES I WOULD LIKE TO KNOW IF I SHOULD INVEST IN GOLD THANKS

[The Big Daddy C-Master]

Gold isn't really an investment, it's money. You shouldn't look at it like you look at a stock, but you should compare it to other monies around the world (including our own). The more the dollar weakens by the fed printing, the more that gold looks better.

You'll need to save up to buy some though. Due to government regulations and costs, most companies won't help you with gold unless you are buying a certain amount, like 10,000 or more.

[navycorpsman]

Males under 30 years old:

Find a local sperm bank that charges little to store your sperm, just in case you want a kid later in life. Then, get a vasectomy, and don't have sex for at least a month, get tested to ensure you shoot blanks. Make that tested twice. Total investment, perhaps $1000 for the vasectomy, and storage of your swimmers. Return on investment, priceless, as you cannot father children, not even if you raw dog.

Save every dime you have, eat decent food that only takes your time to prepare. Try not to eat out, the average markup at a restaurant is something north of 50%, more if it's a fancy place (like 150%). Cheap steaks on the grill taste better than someone else cooking, at least most of the time. Fresh salads bought at a decent organic store or farmers market can be about the same or even less than a very cheap salad at a fast food joint. Stay healthier and live better. Put everything else into the bank or under your mattress.

Someone mentioned gold and silver. Yes, 'flight to value' has a lot of sense in it, but do not forget that humans cannot eat either gold or silver and derive any nutritional value. I'm all for an emergency hoard, but keep in mind that at $2500 an ounce, you're going to have a hard time buying groceries with gold, if the crisis turns out to be extended. Peter Schiff predicted $5000 an ounce by 2012. If the Euro crashes and Germany and England pull out of the EU to save their own asses, the dollar might come up, but what happens when Obama decides to bail out other countries? If you save, save in gold and silver, and build a cellar to store food... a lot of it. Also, remember that banks can be closed by the US Government, I presume the same is true in the UK.

Get the education you need, not the education the govt wants to 'give you'. Think about it, there will be no test, except your future. We used to have a proverb about education... what does a PhD say to a client? You want fries with that?

If you are able, stay away from women. I took my wife out to eat less than a week ago, and half the women in the bar were there alone, looking for someone. This, in a tiny town of 10,000. I cannot imagine what it would be like in a city of one million population.

Make sure that whatever you buy, you're buying only what you MUST NEED, not what you wanna have. If you MUST have a 60" big screen TV, better find a way to cut back on other stuff. If you can bicycle to work, that's absolutely perfect... saves gas money AND a car payment that only devalues over the life of the loan. My granddad used to say "Car loans are like paying someone for the privilege of losing money". I did buy an Aston Martin once, with a loan. Car cost me nearly $300k by the time I got rid of it. Never again. Also agree on buying stuff that lasts... it may cost a little more in the beginning, but you won't replace it two years down the road.

Don't buy a house, unless you can pay without a loan. For most people, this is the biggest single expense they have, and the biggest single asset as well. Prices may be down, but they're still not realistic, except in very small communities where you're not close to big city wages and prices. I once paid $37,000 for a four bedroom brick house in a small town. Sold it for $128,000 and change, and it was still underpriced. Last I heard, it sold for $400,000 in 2007. Dumbass. The buyer, not the seller.

Find yourself a bolt-hole. This is a place you can escape to, where you'll blend in, and where food is plentiful nearby. This means southern California is NOT a good place, unless you live in Imperial Valley where they grow produce year round. All this is, is a town where you know you can survive and find food, water and shelter. Everything on top of that, is gravy.

It sounds both bad and sad to say this next line, but reality checks are real... no one is going to help you, but you. This may have been untrue as little as 20 years ago, but ever since, the attitude of the average human being has become "what's in it for me?" I remember hearing in a bar once, "Yeah, he's a friend, but I wouldn't let him sleep on my couch for one night". Granted, I don't know the whole story, but to me, my friends are the ones that can stay on my couch for a year. Otherwise, they're not my friends. Most of them, I served with in the military. Make of that, what you will.

Lastly, realize that the world does not exist for your entertainment. That is, keep your eyes on YOUR brass ring, and stop worrying about the stuff you can do nothing about. Gandhi famously said once,

"Whatever you do will be insignificant, but it is very important that you do it."

Yes, he was talking about something completely different, but the point is still valid. Except that belief will end up biting you in the ass, someday. Maybe you'll get lucky, and it won't, but then again, maybe it will. A lot depends on whatever it is you want to do. Occupy Wall Street? Not much of a problem. Get arrested while occupying Wall Street.. problem. Get charged with a felony while occupying Wall Street... major problem.

Females under 30:

Substitute eggs for sperm. You can still carry a child while having your tubes tied off, and if you store them early enough, you can still have a kid at age 40+. Eggs still in your ovaries at 40+ are about 50-70% non-viable. Total investment about $3000-5000.

Not sure if there are women on this board, but didn't want to leave them out.

[The Big Daddy C-Master]

Feb 1, 2012 23:46:31 GMT -5 navycorpsman said:

Males under 30 years old:

Find a local sperm bank that charges little to store your sperm, just in case you want a kid later in life. Then, get a vasectomy, and don't have sex for at least a month, get tested to ensure you shoot blanks. Make that tested twice. Total investment, perhaps $1000 for the vasectomy, and storage of your swimmers. Return on investment, priceless, as you cannot father children, not even if you raw dog.

Save every dime you have, eat decent food that only takes your time to prepare. Try not to eat out, the average markup at a restaurant is something north of 50%, more if it's a fancy place (like 150%). Cheap steaks on the grill taste better than someone else cooking, at least most of the time. Fresh salads bought at a decent organic store or farmers market can be about the same or even less than a very cheap salad at a fast food joint. Stay healthier and live better. Put everything else into the bank or under your mattress.

Someone mentioned gold and silver. Yes, 'flight to value' has a lot of sense in it, but do not forget that humans cannot eat either gold or silver and derive any nutritional value. I'm all for an emergency hoard, but keep in mind that at $2500 an ounce, you're going to have a hard time buying groceries with gold, if the crisis turns out to be extended. Peter Schiff predicted $5000 an ounce by 2012. If the Euro crashes and Germany and England pull out of the EU to save their own asses, the dollar might come up, but what happens when Obama decides to bail out other countries? If you save, save in gold and silver, and build a cellar to store food... a lot of it. Also, remember that banks can be closed by the US Government, I presume the same is true in the UK.

Get the education you need, not the education the govt wants to 'give you'. Think about it, there will be no test, except your future. We used to have a proverb about education... what does a PhD say to a client? You want fries with that?

If you are able, stay away from women. I took my wife out to eat less than a week ago, and half the women in the bar were there alone, looking for someone. This, in a tiny town of 10,000. I cannot imagine what it would be like in a city of one million population.

Make sure that whatever you buy, you're buying only what you MUST NEED, not what you wanna have. If you MUST have a 60" big screen TV, better find a way to cut back on other stuff. If you can bicycle to work, that's absolutely perfect... saves gas money AND a car payment that only devalues over the life of the loan. My granddad used to say "Car loans are like paying someone for the privilege of losing money". I did buy an Aston Martin once, with a loan. Car cost me nearly $300k by the time I got rid of it. Never again. Also agree on buying stuff that lasts... it may cost a little more in the beginning, but you won't replace it two years down the road.

Don't buy a house, unless you can pay without a loan. For most people, this is the biggest single expense they have, and the biggest single asset as well. Prices may be down, but they're still not realistic, except in very small communities where you're not close to big city wages and prices. I once paid $37,000 for a four bedroom brick house in a small town. Sold it for $128,000 and change, and it was still underpriced. Last I heard, it sold for $400,000 in 2007. Dumbass. The buyer, not the seller.

Find yourself a bolt-hole. This is a place you can escape to, where you'll blend in, and where food is plentiful nearby. This means southern California is NOT a good place, unless you live in Imperial Valley where they grow produce year round. All this is, is a town where you know you can survive and find food, water and shelter. Everything on top of that, is gravy.

It sounds both bad and sad to say this next line, but reality checks are real... no one is going to help you, but you. This may have been untrue as little as 20 years ago, but ever since, the attitude of the average human being has become "what's in it for me?" I remember hearing in a bar once, "Yeah, he's a friend, but I wouldn't let him sleep on my couch for one night". Granted, I don't know the whole story, but to me, my friends are the ones that can stay on my couch for a year. Otherwise, they're not my friends. Most of them, I served with in the military. Make of that, what you will.

Lastly, realize that the world does not exist for your entertainment. That is, keep your eyes on YOUR brass ring, and stop worrying about the stuff you can do nothing about. Gandhi famously said once,

"Whatever you do will be insignificant, but it is very important that you do it."

Yes, he was talking about something completely different, but the point is still valid. Except that belief will end up biting you in the ass, someday. Maybe you'll get lucky, and it won't, but then again, maybe it will. A lot depends on whatever it is you want to do. Occupy Wall Street? Not much of a problem. Get arrested while occupying Wall Street.. problem. Get charged with a felony while occupying Wall Street... major problem.

Females under 30:

Substitute eggs for sperm. You can still carry a child while having your tubes tied off, and if you store them early enough, you can still have a kid at age 40+. Eggs still in your ovaries at 40+ are about 50-70% non-viable. Total investment about $3000-5000.

Not sure if there are women on this board, but didn't want to leave them out.

Most people don't have to have much of what they buy, and most people don't know how to buy things properly.

Most people on here can often find what they are looking for used. Many items go for much cheaper used and can be in good condition, the average guy can get by on that.

Housing depends on the area, there was just an article about them dropping some more. The government can't inflate housing forever. I see 4 bedroom brick houses going for 30k in 2012. This market is for people who want to rent out. We are going back to a multigenerational housold with 3 generations or more, think pre- World War 2. If you can buy a house for 130 a month, why rent for 1200 a month unless you have bad credit. When the bubble was growing I'd have advised most people to rent.

That's right, get a good practical education, not this overpriced nonsense that leads to debt slavery. Don't do what the average person does, that's the way to stay out of trouble.

There are also numerous opportunities for those willing to find them, it is often in ashes that the best is built. Many big corporations were built after the great depression. So it can be done, to you entrepreneurial risk taking types out there.

I don't mind helping people out if they are trying, but I'm not about to carry people's stupid burden's they put on themselves, family included. That's just me.

[navycorpsman]

A lot of people are buying up property, particularly if the land borders their own. It makes sense, but only if you can guarantee that you can pay it off, or buy it outright. Just because things might get bad does not mean they will get so bad that all financial records will be destroyed. They may not have to pay on it for a few years, but sooner or later, someone will want their money.

[The Big Daddy C-Master]

Feb 2, 2012 15:23:25 GMT -5 navycorpsman said:

A lot of people are buying up property, particularly if the land borders their own. It makes sense, but only if you can guarantee that you can pay it off, or buy it outright. Just because things might get bad does not mean they will get so bad that all financial records will be destroyed. They may not have to pay on it for a few years, but sooner or later, someone will want their money.

Right, people who think that are dumb. I had someone say "Credit doesn't matter, it won't matter soon." With all investments be wise about it. This is why you take care of yourself, so you can be open when deals like this come around. If you are swamped in debt, then you won't get anything or be open to these opportunities.

[navycorpsman]

True enough, can't buy food if you spend all your money on say, cars, or TVs or something.

[The Big Daddy C-Master]

Well that's the American way, look big, live poor.