Are most of you, us, losing our savings and retirement money now that Jbyrd isn't around to tell us what to buy and sell in the market?
Who cares how many deer he has killed!!
You may want to check with Providence Farm... he hands out a good deal of financial advice as well. But it'll be sevenral years before he reaches Jbyrd's status I think.
O honey I really dont know crap. Just so many people know even less so very basics and simple things can get them on track. I just parrot things I have learned from reading and listening to people like Warren Buffett. Some may have heard of him.
Try to shoot my advice down cool but that makes you the fool trying to say Buffet doesn't have a clue. Its very basic may want to make a sticky for this pro level advice.
Spend less than you make, avoid debt, and invest the money leting it compound over time. Simple concept will make everyone a millionaire if they start early enough.
Most people are doing what everybody else is doing expecting different results. Trying to look successful to impress people that dont matter and dont care. Do what everyone else is doing and get the same results.
Do you want to be rich or look rich. If you are busy trying to look rich you won't become rich. Doing this will keep you broke and never able to build wealth.
Your income from your job has a cap. Im a perfect example. I can only work so many hours in a day/week/year max. But there is no limit on assets you can own. So buying assets that build over time and will generate more cash flow than your job over time.
Avoid life style inflation. Get a better paying job and invest the added income dont upgrade the house or car car ect.
Always try to improve yourself. Reading and education can be nearly free. Knowledge compounds just like interest building over time.
Make a clear plan and stick to it. This is much harder than it sounds.
There are a few basic sound bites For you yotetrapper30. Have fun trying to shoot holes in them.
Jbyrd63 had sound advice but was much to conservative for me at my age. CD and bonds were his game. He was risk adverse. Sure he won't loose much but have return that get ate up by inflation.
This change of course should keep this thread going a bit longer.