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Donnie Gangsta · 12-08-2002, 06:09 PM

Haha.. I have to repsond to this thread. Not like I'm a financial adviser (Those people are scam artists, anyway)...

I hate banks, investment firms, and insurance companies. I've always marvelled at who owns the largest buildings in downtown areas. It's always a bank or an insurance company. Why is that? Cuz they are scamming everyone into thinking that their money is safe with them. They come up with stupid little slogans like "Put your money to work" .. they leave out part.. it should read "Put your money to work for us.." They pay .8% interest on checking accounts, and charge 7% for mortgage loans. It's a big joke. How do you think they afford those skyscrapers? Conning suckers into giving them their money, that's how.. Insurance companies are the same way. Everyone is really pussy and conservative, and they'd rather have some steady job with benefits than take a risk and get rich..

With that said, though, CONSISTENT money is infinitely better than one lump sum. This is why things like real estate are such a good investment. If you want to do something with your money, go buy condos in Florida with 10% down, hire a management company to run them for you for 25%, and in ten years you own a $300,000 condo for only $30k. Beats a CD.. Hell, buy one every month. But, really, I can't stress how important consistency is. I've learned that. I used to think "Oh, a parking ticket! That's just a sign up! Gee.. these prada shoes! Just about 10 sign ups.. " Man, I blew so much money! But all of a sudden, I've grown up and realized what's important...

Being a spend thrift is pretty stupid, and it's really hard to curtail your spending when your level of income is so much higher than a typical person's... But, you have to, or you'll end up broke.

I would suggest reading Think and Grow Rich, as well.. and if you want to know about investing, maybe read The Intelligent Investor, by Benjamin Graham (It's Warren Buffet's road map type book.. he is kinda a pussy but he is still rich, so maybe we can learn something from it)

But, yeah, I just saved you a shitload of money you woulda spent going to Fidelity or Merril Lynch or some other scam operation..

All you need is a plan that you stick to -- in other words, CONSISTENCY.

Cheers

12-08-2002, 06:09 PM
Donnie Gangsta Confirmed User Join Date: Mar 2002 Location: Las Vegas Posts: 1,104	Haha.. I have to repsond to this thread. Not like I'm a financial adviser (Those people are scam artists, anyway)... I hate banks, investment firms, and insurance companies. I've always marvelled at who owns the largest buildings in downtown areas. It's always a bank or an insurance company. Why is that? Cuz they are scamming everyone into thinking that their money is safe with them. They come up with stupid little slogans like "Put your money to work" .. they leave out part.. it should read "Put your money to work for us.." They pay .8% interest on checking accounts, and charge 7% for mortgage loans. It's a big joke. How do you think they afford those skyscrapers? Conning suckers into giving them their money, that's how.. Insurance companies are the same way. Everyone is really pussy and conservative, and they'd rather have some steady job with benefits than take a risk and get rich.. With that said, though, CONSISTENT money is infinitely better than one lump sum. This is why things like real estate are such a good investment. If you want to do something with your money, go buy condos in Florida with 10% down, hire a management company to run them for you for 25%, and in ten years you own a $300,000 condo for only $30k. Beats a CD.. Hell, buy one every month. But, really, I can't stress how important consistency is. I've learned that. I used to think "Oh, a parking ticket! That's just a sign up! Gee.. these prada shoes! Just about 10 sign ups.. " Man, I blew so much money! But all of a sudden, I've grown up and realized what's important... Being a spend thrift is pretty stupid, and it's really hard to curtail your spending when your level of income is so much higher than a typical person's... But, you have to, or you'll end up broke. I would suggest reading Think and Grow Rich, as well.. and if you want to know about investing, maybe read The Intelligent Investor, by Benjamin Graham (It's Warren Buffet's road map type book.. he is kinda a pussy but he is still rich, so maybe we can learn something from it) But, yeah, I just saved you a shitload of money you woulda spent going to Fidelity or Merril Lynch or some other scam operation.. All you need is a plan that you stick to -- in other words, CONSISTENCY. Cheers