is anyone out there financially free ??
Registered User
Joined: Jun 2003
Posts: 3,335
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From: Delran, NJ
I agree, ratgirl. Or only buy crap like that if you have that kind of disposable income. I like to buy things, but I got into the habit for the most part of paying off my cc's every month and not having to pay the ridiculous interest. But I agree with almost everything that has been said here - live BELOW your means, SAVE, and watch every penny you spend. My mom did all of those things and retired at 50. 
Community Organizer
Joined: May 2002
Posts: 11,336
Likes: 218
From: seattle
hehe... my dad isn't the typical Asian father. He said "Son - this is America. If you don't owe somebody something, you ain't s#it" Go out and get some credit"
I may have taken that advice a little too far... hehe
Maybe it's because he was born in Hawaii.
I may have taken that advice a little too far... hehe
Maybe it's because he was born in Hawaii.
Community Organizer
Joined: May 2002
Posts: 11,336
Likes: 218
From: seattle
no - I was just kidding about the Amway. I've been targeted by SOOOO many people who are though... 
It bothers me that they will often lie to you just to give you the Amway pitch. I do know several people who actually do make money from Amway - the problem is that your social life becomes only about Amway and only seems to contain fellow Amway devotees.
Too high a price to pay, IMO
It bothers me that they will often lie to you just to give you the Amway pitch. I do know several people who actually do make money from Amway - the problem is that your social life becomes only about Amway and only seems to contain fellow Amway devotees.
Too high a price to pay, IMO
Registered User
Joined: Apr 2002
Posts: 943
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From: Seaforth, Sydney
AMWAY - BEST AND FASTEST WAY TO LOSE FRIENDS.
this random guy the other day goes to me "i work for a millionaire who is always on the look out for young, energetic business minded ppl to invest with"
i thought it was some shoppoing centre leasing guy with a potential site for our businesses
howeva, he calls up later on in the week and gives me this website address - turns out to be focking AMWAY.
he hasn't called since and i'm waiting to blow him off.
yo fireball - pm me about robert kiyosaki (the shonk used car salesman)
this random guy the other day goes to me "i work for a millionaire who is always on the look out for young, energetic business minded ppl to invest with"
i thought it was some shoppoing centre leasing guy with a potential site for our businesses
howeva, he calls up later on in the week and gives me this website address - turns out to be focking AMWAY.
he hasn't called since and i'm waiting to blow him off.
yo fireball - pm me about robert kiyosaki (the shonk used car salesman)
Joined: Oct 2000
Posts: 17,288
Likes: 39
From: Nashville
I agree with Real Estate. (i will sound like a informercial right now).... We bought our first rental house about 3 years ago.....a Repo for about $15k (city property)...fixed it for another $5k then got a loan from the bank for $24k (they did it based on 80% of appraised value...it appraised for $30k)..... Anyway..... since then I now have 17 houses.... 10 of them are "section 8" (assisted housing) and 7 are privately rented..... prices of the houses range from $20k to $50k (purchase price)....
If I pay just these 17 houses off.... my net "cash flow" would be about $70k per year..... I know of nothing else that can provide $70k a year (net) of income so quickly.
Avg City "Section 8 property" - $25k (includes $ to get it move in condition).
Rent - $595 / mo (some are higher some lower)
Water / Sewer Trash - $65.00 /mo
Insurance - $30 / mo
Property Taxes - $100 / mo (too high for a $25k house but that is harrisburg)
Maint - $83 / mo (it probably is not this bad, but...)
Total Expenses - $278.00
Net income with no mortgage $317 / mo x 12 = 3,804.00 x 20 fine properties = $76k per year.
End of infomercial
[QUOTE]Originally posted by WFO Racer
If I pay just these 17 houses off.... my net "cash flow" would be about $70k per year..... I know of nothing else that can provide $70k a year (net) of income so quickly.
Avg City "Section 8 property" - $25k (includes $ to get it move in condition).
Rent - $595 / mo (some are higher some lower)
Water / Sewer Trash - $65.00 /mo
Insurance - $30 / mo
Property Taxes - $100 / mo (too high for a $25k house but that is harrisburg)
Maint - $83 / mo (it probably is not this bad, but...)
Total Expenses - $278.00
Net income with no mortgage $317 / mo x 12 = 3,804.00 x 20 fine properties = $76k per year.
End of infomercial
[QUOTE]Originally posted by WFO Racer