Make a Contribution to Remove NSFW Ads

Anyone investing heavily this year??

How much money did you lose/gain this past week?

  • I have been looking at the payout on my wife's life insurance policy...do I still need her?

    Votes: 2 6.7%

  • I guess I will postpone paying off the mortgage for a few more years

    Votes: 19 63.3%

  • I knew this day would come and was shorting the hell outta the market

    Votes: 9 30.0%
  • Total voters
    30
  • Poll closed .
DC_Dude

DC_Dude

Rising Star
BGOL Investor
moblack said:
Yeah a lot of money turns up when you budget. I know I need to do so but a brother needs helps. Basics, food, outside retirement is all we should be spending on.
Click to expand...

Ced has template on his website you can download to start budgeting

Free Resources | Cedric Nash

Are you ready to become a millionaire and beyond? If so, you need to create a plan and execute it consistently. Download and use my free templates to help you
cedricnash.com cedricnash.com

Also, another tool you can use is to sync your accounts and see how much you spending and track your budget
 
Last edited:
M

moblack

Rising Star
BGOL Investor
Madrox

Madrox

Vaya Con Dio
BGOL Investor


Howard Marks: Oaktree Capital, Investment philosophy, risk and randomness
How can you judge the quality of a decision? Howard Marks is the co-founder of Oaktree Capital and one of the world's most respected investors. In this episode he tells us about how he got started in finance, his investment philosophy, his thoughts on risk management and much more. Tune in for an insightful conversation with one of the greatest minds in the world of finance.
Click to expand...
 
DC_Dude

DC_Dude

Rising Star
BGOL Investor
A to Dah K said:
“Millionaire” is middle class now, the saying doesn't hold as much weight as it did 10-20 yrs ago
Click to expand...

True, but if you watched the video it explains how those people got to where they are which is the whole point.....It's a few people making $300 -$500,000 a year and still living pay check to pay check....

You can have 2 folks making a combined 1 million, but if you add in liabilities and debt, that shit means zero if you not budegting and saving your money....

At the end of the day, I would still rather have a million dollars (liquid or assets) than not have that amount at all.....Most people don't even have $50,000 saved let alone a million.....

It's always PROCESS>RESULTS
 
Last edited:
Flawless

Flawless

Flawless One
BGOL Investor
A to Dah K said:
Exactly, these headlines can easily be misleading.Keep pushing!
Click to expand...
Yep these are the millionaires the media try to convince us that drive 10 year old cars and buy clothes at walmart, all while conveniently not mentioning that these people may be millionaires based on their retirement and house but they cannot afford a better lifestyle.
 
N

Non-StopJFK2TAB

Rising Star
Platinum Member
moblack said:
A lot of people are millionaire's by assets and don't realize it. Same way they inflate entertainers to be Billionaires.
Click to expand...
Mansa Musa has $400 billion. Do you think Bezos billions and Musa’s billions are the same?

Dave Chappelle had the opportunity to put a few into Musk and didn’t.
 
Helico-pterFunk

Helico-pterFunk

Rising Star
BGOL Legend
TIMEISMONEY said:
Thanks
Click to expand...



You got it, man. It's inspirational to hear that you're in a good place in your early-40s. I just turned 45 this year, and I'm happy with the way things have been trending over the years. Expenses remain relatively low, income's been steady, and more earned on investments / passive income.

I'd like to retire by 50 - 55, but I might wait until 58 to maximize my MPP long-term (municipal pension plan). Combine that with CPP, TFSA, OAS, RRSP and savings and things will be good ... property was paid off years ago.
 
TIMEISMONEY

TIMEISMONEY

Rising Star
BGOL Investor
Helico-pterFunk said:
You got it, man. It's inspirational to hear that you're in a good place in your early-40s. I just turned 45 this year, and I'm happy with the way things have been trending over the years. Expenses remain relatively low, income's been steady, and more earned on investments / passive income.

I'd like to retire by 50 - 55, but I might wait until 58 to maximize my MPP long-term (municipal pension plan). Combine that with CPP, TFSA, OAS, RRSP and savings and things will be good ... property was paid off years ago.
Click to expand...
You’re definitely on your way there, keep it up!! I’ve made a lot mistakes on the journey,
But I’m glad with the outcome so far. The goal now is to minimize mistakes and avoid risks.
 
Helico-pterFunk

Helico-pterFunk

Rising Star
BGOL Legend
TIMEISMONEY said:
You’re definitely on your way there, keep it up!! I’ve made a lot mistakes on the journey,
But I’m glad with the outcome so far. The goal now is to minimize mistakes and avoid risks.
Click to expand...



Thanks fam'. That's the thing ... the long-term outcome, after occasional missteps along the way.

I remember losing a fair bit of money on investments back in the day and griping to my mom. She was like - "Ah, you worry too much. Retirement is a long way's off ..."

I was explaining to her that as a young person I was trying to make smart decisions ... especially as I tried to map out my future with a modest income. Never gonna be "rich" ... but comfortable. Being more careful with investments later on and getting back to a place that felt right. I don't regret working like a madman in my 20s. I was keeping my expenses really low & hustling hard. Saving as much as possible to put towards down payment. Able to get into the real estate market before prices skyrocketed over the next 10 - 15 years. Working at job locations that had perks like being able to eat on the job free of charge, which saved thousands annually for years, etc. Putting lots towards retirement portfolio while offsetting those higher income years, etc.
 
N

Non-StopJFK2TAB

Rising Star
Platinum Member
moblack said:
Bro I'm not following your question
Click to expand...
Look at this thread. How many posters and their replies does it have? How many retired early posters does it contain or produced?

There is a thread 2 posts above that highlights that a stock has gained 60% in a week because it’s a prison company advertising its occupancy level. It’s a Bizzaro World WeWork.
 
Madrox

Madrox

Vaya Con Dio
BGOL Investor
jlcollinsnh.com

President Trump and the future of stock returns

Since last Wednesday, depending on your political leanings, you have been celebrating or in mourning. Or maybe you greeted the news with indifference. Now, as the dust settles, you might be wondering what this all means for your portfolio. Love him or loathe him, Mr. Trump is a disruptive force...
jlcollinsnh.com jlcollinsnh.com

President Trump and the future of stock returns​

by JL Collins 16 Comments - Updated: November 11, 2024

Since last Wednesday, depending on your political leanings, you have been celebrating or in mourning. Or maybe you greeted the news with indifference.
Now, as the dust settles, you might be wondering what this all means for your portfolio.

Love him or loathe him, Mr. Trump is a disruptive force and
Mr. Market hates disruption.

Back in November 2015 that was my analysis, and I was sorely tempted to move to cash. Instead, I stuck to my discipline and remained fully invested. No one can predict the market even – especially – when the road ahead seemed so clear.

Good move, it turned out. Despite my instincts to the contrary, Mr. Market turned in a very strong performance over those four years.

My guess for the next four years?

So far, Mr. Market seems very pleased with the election results. But to me, it feels like we could see a significant bear market sometime down the road.

Love him or loathe him, Mr. Trump is a disruptive force and Mr. Market hates disruption. Plus, one is due. We are at the pinnacle of a massive 15 year bull market and such runs don’t last forever.

So, time to move to cash?

Not for me. My discipline remains the same. No one can predict Mr. Market, least of all me. I will remain fully invested.

Should my bearish speculation prove correct, I will have tied myself to the mast and will stay invested, and investing, as it rages and passes.

Should the Mr. Market continue this historic bull run, I’ll be right there with it.

This is The Simple Path to Wealth.

Should the Mr. Market continue this historic bull run, I’ll be right there with it.

This is The Simple Path to Wealth.
Click to expand...
 
Flawless

Flawless

Flawless One
BGOL Investor

Make a Contribution to Remove NSFW Ads
You must log in or register to reply here.
Top