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#571 | |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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Quote:
Real easy now isn't it Mr. Smarty Pants! ![]() BTW can you loan me $20 until Monday? |
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Posts: 51,084
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#572 | |
Kind of a mod
Join Date: Aug 2005
Location: Donkey Land
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Quote:
There is very little in financial planning that is a "right" or "wrong" way of doing things, so others may shift their priorities in the above a bit. Nothing wrong with that. Finally, in terms of investments, if you know NOTHING, you can always start with a target date fund. The fees are a little high, but they're managed and will generally keep you pointed in the right direction. A step above that is where I'm at: I'm lazy and go with a three-fund lazy portfolio for the most part. Be wary of "full-service" places - they're great for advice, but they're taking fees out of EVERYTHING, which can add up ENORMOUSLY over time. If you really start to have a feel for what you're doing, you can invest in individual stocks obviously, but 90% of people will just get themselves in trouble doing that IMO. |
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Posts: 52,066
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#573 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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On a serious note, every school system in the US should teach basic financial education by 10th grade or less:
-Balancing a check book -The danger of debt -How interest works -Reading a balance sheet -The importance of a 401(k) and pretax dollars -Pretax and after tax dollars -How not to waste money on DEPRECIATING assets -The importance of stock ownership -How to start a business -Pay yourself first These are all the things I DIDN'T learn until too late in life after I pissed away money. ![]() I have spent somewhere between $450,000-$550,000 over the last 23 years in restaurants and bars. Not bragging, just showing what an ass I am for wasting so much money. I should be retired....... |
Posts: 51,084
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#574 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Posts: 45,762
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#575 | |
Banned
Join Date: Jan 2013
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Quote:
![]() While not to your caliber, I think back at all the dough I blew through and cringe. Stupid me had a great time though. |
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Posts: 53,803
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#576 |
Shit
Join Date: Jun 2008
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Posts: 55,715
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#577 |
Molôn Labé
Join Date: Sep 2001
Location: North Carolina
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You guys have gotten a helluva lot smarter since this thread was originally started... Congrats to all of you for being responsible
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Posts: 23,166
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#578 |
MVP
Join Date: Oct 2012
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Posts: 17,754
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#579 |
Molôn Labé
Join Date: Sep 2001
Location: North Carolina
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Posts: 23,166
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#580 |
Consuming CP souls
Join Date: Oct 2005
Location: U.S.A.
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Fire a piss jug at him
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Posts: 69,363
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#581 |
On Hiatus
Join Date: Aug 2000
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Posts: 11,427
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#582 |
On Hiatus
Join Date: Aug 2000
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Posts: 11,427
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#583 | |
On Hiatus
Join Date: Aug 2000
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Quote:
Not to mention one catastrophic illness away from eating up any savings/investments. |
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Posts: 11,427
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#584 | |
On Hiatus
Join Date: Aug 2000
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Quote:
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Posts: 11,427
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#585 | |
On Hiatus
Join Date: Aug 2000
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Quote:
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Posts: 11,427
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