Lateral-g Forums
Page 579 of 635 « First 79479529569577578 579 580581589629 Last »
Show 40 post(s) from this thread on one page

Lateral-g Forums (https://www.lateral-g.net/forums/index.php)
-   Off Topic Forums (https://www.lateral-g.net/forums/forumdisplay.php?f=19)
-   -   Investing 102 (https://www.lateral-g.net/forums/showthread.php?t=34700)

WILWAXU 04-04-2017 07:04 PM
Quote:
Originally Posted by GregWeld (Post 656859)
I doubt anyone reading this thread is in this situation -- but if they/you are.... they/you only have yourself to blame. Saving and investing is a discipline... if you have no discipline... Well.... good luck 'cause you're going to need it.




62% of Americans have less than $1,000 in a savings account. Even at higher income levels of between $100,000 and $149,999, 44% had less than $1,000.


66 million Americans have zero dollars saved in an emergency fund. 47% of Americans could not afford an emergency expense of $400.


43% of working-age families have no retirement savings at all. The median working-age couple has saved only $5,000 for retirement. 70% of couples have less than $50,000 saved.


65% of credit card users carry a balance (don’t pay off their bill every month), paying an average interest rate of over 15%. The average credit card debt for households that carry a balance is $16,048.
Yup, it's crazy. Glad I was able to work my way out of that mess. I do wish I would have started earlier :D .. but thankful everyday for where I am.

GregWeld 04-05-2017 08:02 PM
Quote:
Originally Posted by AMSOILGUY (Post 656864)
I can say not to terribly long ago I fell into at least one of those categories. I sort of look at my brokerage account as a savings. It's available if I need it. I put in a little over 6k last year. :peepwall:



AWESOME!!! You should be proud - you looked - you understood - and most importantly -- you took action. Words are just BS --- but actually DOING --- AWESOMENESS!

mdprovee 04-06-2017 07:06 AM
Greg, before this thread I was in that boat. But after several years of plucking away, we are turning the corner, rely less on credit, have a little savings, and paying more cash. We are getting there, and as always, thank you for your information.

captainofiron 04-06-2017 08:31 AM
ROTH IT IS!
haha

thanks.

As far as those figures, I read an article recently about the 8 money mistakes middle class people make. It had quite a few of those. I think I was only guilty of #8 (relatively big car payments)

http://www.businessinsider.com/8-mon...-making-2017-3

but some of that just blows my mind.

I had a coworker the same age as I was who did not put any money into his 401k, had virtually no savings, and had 3 cars on a lease. But then again he chose to live with his roommates (parents) and was in his 30s...

GregWeld 04-06-2017 06:34 PM
Quote:
Originally Posted by mdprovee (Post 656984)
Greg, before this thread I was in that boat. But after several years of plucking away, we are turning the corner, rely less on credit, have a little savings, and paying more cash. We are getting there, and as always, thank you for your information.
Good to hear Mike!!


Hey == we're running Thunderhill this month = April 22/23rd

And then I rented Thill for May 18th for a private track day for a few buddies to run ====== the FIRST ANNUAL I AIN'T DEAD YET RACE..... Love to see ya!

GregWeld 04-06-2017 06:39 PM
Quote:
Originally Posted by captainofiron (Post 656988)
ROTH IT IS!
haha

thanks.

As far as those figures, I read an article recently about the 8 money mistakes middle class people make. It had quite a few of those. I think I was only guilty of #8 (relatively big car payments)

http://www.businessinsider.com/8-mon...-making-2017-3

but some of that just blows my mind.

I had a coworker the same age as I was who did not put any money into his 401k, had virtually no savings, and had 3 cars on a lease. But then again he chose to live with his roommates (parents) and was in his 30s...


Good on the ROTH -- it's a true gift -- the younger you are the more the gift will be because taking all those gains and dividends TAX FREE == just WOW that can be so YUGE! LOL


It really makes me happy when I see and hear everyone here gaining some traction. And while it might seem paltry or "not much" now..... I know in my heart of hearts that the compounding will show people how great it can be with just a little bit of time.

Now -- if we can just avoid these financial calamities in the market (1999 dot.bomb bust = 2007 housing bust)..... but even WITH THOSE people would be so f'n far ahead!!

SSLance 04-07-2017 06:24 AM
Quote:
Originally Posted by GregWeld (Post 657019)

And then I rented Thill for May 18th for a private track day for a few buddies to run ====== the FIRST ANNUAL I AIN'T DEAD YET RACE..... Love to see ya!
So hope I can make the second annual event!! I'll be much closer by this time next year!!!

GregWeld 04-07-2017 08:27 PM
Quote:
Originally Posted by SSLance (Post 657030)
So hope I can make the second annual event!! I'll be much closer by this time next year!!!
YOU WILL BE INCLUDED!!

carbuff 04-08-2017 08:13 AM
Quote:
Originally Posted by GregWeld (Post 657019)
Good to hear Mike!!


Hey == we're running Thunderhill this month = April 22/23rd

And then I rented Thill for May 18th for a private track day for a few buddies to run ====== the FIRST ANNUAL I AIN'T DEAD YET RACE..... Love to see ya!
Love this! And a bit jealous! :thumbsup:

GregWeld 04-08-2017 04:58 PM
Quote:
Originally Posted by carbuff (Post 657066)
Love this! And a bit jealous! :thumbsup:


LOL ---- "things" (as you're all well aware) have changed a bit for me.... It might be hard for me to do - but I'm going to start having even more fun in my life going forward.


Too bad you're so far away. Although we took a vote -- if you'd arrive with The Salt Lick brisket and some ribs you may be considered! LOL


All times are GMT -7. The time now is 03:45 PM.
Page 579 of 635 « First 79479529569577578 579 580581589629 Last »
Show 40 post(s) from this thread on one page

Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2025, vBulletin Solutions Inc.
Copyright Lateral-g.net