zeitgeist57 Posted February 20, 2019 Report Share Posted February 20, 2019 Whew....I don't know how Kerry does it. My fingers hurt. Quote Link to comment Share on other sites More sharing options...
Geeto67 Posted February 20, 2019 Report Share Posted February 20, 2019 Whew....I don't know how Kerry does it. My fingers hurt. LOL. Finger callouses from playing guitar. Seriously. Quote Link to comment Share on other sites More sharing options...
Cordell Posted February 20, 2019 Report Share Posted February 20, 2019 And a good idea for a thread goes to shit on page 2. Quote Link to comment Share on other sites More sharing options...
bdhill Posted February 20, 2019 Report Share Posted February 20, 2019 air cooled 911...or buy my house in Clintonville-live there two years, fix it up, and cash out... Quote Link to comment Share on other sites More sharing options...
zeitgeist57 Posted February 20, 2019 Report Share Posted February 20, 2019 And a good idea for a thread goes to shit on page 2. How did it go to shit? Quote Link to comment Share on other sites More sharing options...
Sully Posted February 20, 2019 Report Share Posted February 20, 2019 Don't forget about the taxes that will need to be paid on that income first. Unless it was either handed to you in cash, you found it on the street, or robbed a bank. If it is taxable, depending on how it was received, you will need to determine how much to hold back for taxes. Quote Link to comment Share on other sites More sharing options...
coltboostin Posted February 20, 2019 Report Share Posted February 20, 2019 Don't forget about the taxes that will need to be paid on that income first. Unless it was either handed to you in cash, you found it on the street, or robbed a bank. If it is taxable, depending on how it was received, you will need to determine how much to hold back for taxes. Another WIN for investment properties here. Everything, and I mean everything, turns into a write off. Quote Link to comment Share on other sites More sharing options...
nurkvinny Posted February 20, 2019 Author Report Share Posted February 20, 2019 Don't forget about the taxes that will need to be paid on that income first. Unless it was either handed to you in cash, you found it on the street, or robbed a bank. If it is taxable, depending on how it was received, you will need to determine how much to hold back for taxes. Thanks, this is already taxed. Quote Link to comment Share on other sites More sharing options...
nurkvinny Posted February 20, 2019 Author Report Share Posted February 20, 2019 be a partner in smokeout bbq for 2020 Best thing I've seen posted, . You growing? Quote Link to comment Share on other sites More sharing options...
TurboRust Posted February 20, 2019 Report Share Posted February 20, 2019 Best thing I've seen posted, . You growing? In one way or another yes. I'll spend the next 8/10 months securing the right people to be able to do so though. Its not just the money side of it. Its finding my clone...ugh Quote Link to comment Share on other sites More sharing options...
cdk 4219 Posted February 20, 2019 Report Share Posted February 20, 2019 So I'm curious: How stressful is it to deal with renters / morons / people breaking shit, etc.? My father did that when he was my age / younger and he always had a hell of time with it. He advised me never to do it. I personally enjoy the stress free life of just sitting on my money in the aggressive funds I manage while making an average of 13+%, compare to say 20% and dealing with renters... If you enjoy stress free, then your father was right. It’s pretty much another job, unless you hire somebody. You better have good faith in the property manager you hire, and read the fine print of the contract, as they don’t have as much invested as you. Getting non commercial deadbeat renters out of your property is another job and lengthy process within itself. A 50k investment property probably won’t attract renters that have plentiful bank accounts. You very rarely go wrong with paying off debts, and like has been said before 2.5% is net $1250 year and better than nothing for the time being. Quote Link to comment Share on other sites More sharing options...
Dharris89 Posted February 20, 2019 Report Share Posted February 20, 2019 The roth 401k contribution limit in 18 was $5,500 and for 2019 it’s $6,000. If taxes haven’t been filed yet and there is a spouse, that would be another option for a good chunk. I like the real estate option too but I don’t have enough experience (yet) to offer anything on that topic. The market on F-bodies seems to have hit bottom though..... Quote Link to comment Share on other sites More sharing options...
Cordell Posted February 20, 2019 Report Share Posted February 20, 2019 How did it go to shit? You and Kerry in typical CR fashion changing topics, which changed back now so whatever.... Quote Link to comment Share on other sites More sharing options...
ShowHBK Posted February 20, 2019 Report Share Posted February 20, 2019 If he has 50k to piss away, pay for my student loans... that covers about 1/4th of them. Quote Link to comment Share on other sites More sharing options...
Cordell Posted February 20, 2019 Report Share Posted February 20, 2019 If he has 50k to piss away, pay for my student loans... that covers about 1/4th of them. $200k?!? You better have some super killer income with all that school. Fuck that’s ridiculous. Quote Link to comment Share on other sites More sharing options...
cdk 4219 Posted February 20, 2019 Report Share Posted February 20, 2019 You and Kerry in typical CR fashion changing topics, which changed back now so whatever.... Yes Quote Link to comment Share on other sites More sharing options...
RS69 Posted February 20, 2019 Report Share Posted February 20, 2019 Real Estate, Like Clay said above he is right on. My parents have a property manager for their rental properties, however for mine, I am the manager. Quote Link to comment Share on other sites More sharing options...
street pilot Posted February 20, 2019 Report Share Posted February 20, 2019 Assuming all "bad" debt is covered, decide how soon you need the money. Within the next couple years? Money Markets or High-yield savings (Ally). Longer term? Determine your asset allocation (risk tolerance) and invest in low-cost total market bond and stock index funds. https://personal.vanguard.com/us/FundsInvQuestionnaire https://www.bogleheads.org/wiki/Bogleheads%C2%AE_investing_start-up_kit Quote Link to comment Share on other sites More sharing options...
ShowHBK Posted February 21, 2019 Report Share Posted February 21, 2019 $200k?!? You better have some super killer income with all that school. Fuck that’s ridiculous. Even with consolidation, interest, and my scholarships... the grand total was around $176,000. The worst was the government loans. they started at $62k and then with interest they grew to $92k. I will be paying this shit back with reduced payments until im ~50 or so. The price of a B.A. by friend! Quote Link to comment Share on other sites More sharing options...
Forrest Gump 9 Posted February 21, 2019 Report Share Posted February 21, 2019 Even with consolidation, interest, and my scholarships... the grand total was around $176,000. The worst was the government loans. they started at $62k and then with interest they grew to $92k. I will be paying this shit back with reduced payments until im ~50 or so. The price of a B.A. by friend! Thank you for making a shitty day a little brighter. Quote Link to comment Share on other sites More sharing options...
Mojoe Posted February 21, 2019 Report Share Posted February 21, 2019 Are the bills paid and a retirement plan in place? Another thing to think about is, how old are you. For me, I'm 44 and $50k isn't going to do much on the investment side without what I would feel to be high risk, in order for a change in my financial situation. Going through some life seasons last year, don't overlook living and creating smiles. I push all I can through my work, so I can take time to be with the people I care about and enjoy things with them. If that's a trip, we are going. When my Father passed away last year, it was before I could take him on a big fishing trip. I lost making that memory. Don't spoil your kids with wasted places like Disney, but find what the family likes, get rid of the phones and do it. Someone once shared an outlook with me that I hold now. If your kids are 12 years old, you only have 6 more Summers with them before they become too busy. If your parents are older, say 65, and you only visit them twice a year, and given the average of 78 years old being what people live to, you only have 26 more visits with them. Don't blow the money, but be interested in investing in memories and use some $ as needed. My .02. Pun intended Quote Link to comment Share on other sites More sharing options...
nurkvinny Posted February 21, 2019 Author Report Share Posted February 21, 2019 Thanks Joe. I think a lot like what you shared, but don't act on those thoughts as much as I should. No bad debt. Retirement looking ok. College for kids looking ok. Quote Link to comment Share on other sites More sharing options...
Otis Nice Posted February 21, 2019 Report Share Posted February 21, 2019 Finger callouses from playing guitar. Seriously. :lolguy: Quote Link to comment Share on other sites More sharing options...
Mojoe Posted February 21, 2019 Report Share Posted February 21, 2019 Thanks Joe. I think a lot like what you shared, but don't act on those thoughts as much as I should. No bad debt. Retirement looking ok. College for kids looking ok. Do it man. I’m telling you it feels great. Sounds like you are in a good spot. Feed your family real food and be healthy. Last year I got people together and we spent the day grilling and telling stories and catching up. We blew up a shit ton of fireworks and it was an awesome time. Fireworks are literally burning money. All week people messaged me about how fun it was and they loved the fireworks. Some of the people hadn’t seen each other in a few years. It felt great to get everyone together. That’s what living is about to me. I don’t want to look back and wish I had done more. Good luck. Quote Link to comment Share on other sites More sharing options...
ShowHBK Posted February 21, 2019 Report Share Posted February 21, 2019 Thank you for making a shitty day a little brighter. I am honored to be the empty shell of a human for your entertainment... Quote Link to comment Share on other sites More sharing options...
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