What is your goal of saving up money by new years? - GoFuckYourself.com - Adult Webmaster Forum

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buddyjuf

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#1

What is your goal of saving up money by new years?

10-01-2005, 11:22 PM

how much do you want to have saved up by new years?

it's also interesting to know how most webmasters use their money... does the average webmaster spend it or coke and whores? or save it well in order to invest it?

let's talk about it!
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Young

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#2

10-01-2005, 11:24 PM

Need a new bigger more powerful coupe (now have a G35) and I'm looking to relocate to sunnier weather...mabye San Diego...or South Carolina. Also want to start a couple of small offline businesses. Oh ya...and those damn school loans.

bdjuf maybe you should stop buying phones and cars ;)

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#3

10-01-2005, 11:26 PM

Originally posted by Young

Need a new bigger more powerful coupe (now have a G35) and I'm looking to relocate to sunnier weather...mabye San Diego...or South Carolina. Also want to start a couple of small offline businesses. Oh ya...and those damn school loans.

bdjuf maybe you should stop buying phones and cars ;)

the cars are investments, I get to sell and profit off them

the phone, yes, money I will never see again.. but hey, I needed a phone, and its the only "stupid" buy I've done all year (besides the clothes i buy )
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#4

10-01-2005, 11:28 PM

Originally posted by bdjuf

the cars are investments, I get to sell and profit off them

the phone, yes, money I will never see again.. but hey, I needed a phone, and its the only "stupid" buy I've done all year (besides the clothes i buy )

Ya I tend to blow my money on clothes too. Just bought a $600 blazer and my phone was $300 after rebate...missed the fucking rebate date so I got stuck paying $400. The week of November 1st shit is going to change. No more blowing money.

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#5

10-01-2005, 11:29 PM

the cars are not investments... Actually the exact opposite....
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#6

10-01-2005, 11:30 PM

Originally posted by Headless

the cars are not investments... Actually the exact opposite....

I bought my car new 2 years ago. Worst fucking investment ever. This time around I'm buying bigger...but its definately going to be used. No worst investment then a new car.

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#7

10-01-2005, 11:30 PM

Originally posted by Young

Ya I tend to blow my money on clothes too. Just bought a $600 blazer and my phone was $300 after rebate...missed the fucking rebate date so I got stuck paying $400. The week of November 1st shit is going to change. No more blowing money.

go for it bro... saving and investing is the way to go

think about the future!

buy a building... and lets say it doesnt even increase in value, just find tenants to pay your mortgage + a few bucks for other problems for 30 years...

in 30 years, you make 10X your downpayment money, 33.3% income per year on your money, not many banks give you that
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#8

10-01-2005, 11:31 PM

webmasters are like most other people... they live well beyond their means. only real difference is webmasters can come on gfy and beg for money to make their 6 benz payments

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#9

10-01-2005, 11:31 PM

Honestly, I don't spend money and I live very cheaply, still living in the same old student apartment. I never have seen the need to really enjoy in the luxuries I could get with the savings I've made and I'm just letting it grow for now.
WG

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#10

10-01-2005, 11:32 PM

Originally posted by Headless

the cars are not investments... Actually the exact opposite....

MYYYY cars are investments, jeeze, how many times do I have to explain it?

My father owns a car dealership, where he buys salvage cars, fixes them up, and sells them for profit.

that's what I am gonna do with 1 of my cars, and the other, drive it until I can sell it and break even with what I paid for it
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#11

10-01-2005, 11:33 PM

Originally posted by bdjuf

go for it bro... saving and investing is the way to go

think about the future!

buy a building... and lets say it doesnt even increase in value, just find tenants to pay your mortgage + a few bucks for other problems for 30 years...

in 30 years, you make 10X your downpayment money, 33.3% income per year on your money, not many banks give you that

Just incorported a Real Estate, Mortgage consulting firm Doing all the paperwork and closings for yourself saves you big.

Wish I had some guidance on generating leads online....anyone care to point me in the right direction?

Other than that I have a great fitness idea thats going to revolutionize fitness as we know it. Can't you just picture my infomercial.

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#12

10-01-2005, 11:33 PM

Originally posted by WiredGuy

Honestly, I don't spend money and I live very cheaply, still living in the same old student apartment. I never have seen the need to really enjoy in the luxuries I could get with the savings I've made and I'm just letting it grow for now.
WG

just make sure it's not too late at some point!
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#13

10-01-2005, 11:34 PM

Originally posted by Young

Just incorported a Real Estate, Mortgage consulting firm Doing all the paperwork and closings for yourself saves you big.

Wish I had some guidance on generating leads online....anyone care to point me in the right direction?

Other than that I have a great fitness idea thats going to revolutionize fitness as we know it. Can't you just picture my infomercial.

generating leads online = SPAMMMM
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#14

10-01-2005, 11:35 PM

Young, how YOUNG are you btw?
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#15

10-01-2005, 11:35 PM

Originally posted by bdjuf

just make sure it's not too late at some point!

Yeah, that's the weird thing, I haven't had any urges or wanted to really buy anything that was worth the money. The only big thing on my mind I guess is a nice house but I'm undecided as to which city I want to live in which is my biggest draw back at the moment.
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#16

10-01-2005, 11:36 PM

Originally posted by WiredGuy

Yeah, that's the weird thing, I haven't had any urges or wanted to really buy anything that was worth the money. The only big thing on my mind I guess is a nice house but I'm undecided as to which city I want to live in which is my biggest draw back at the moment.
WG

do you have a nice car?

cars are always nice things to have
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#17

10-01-2005, 11:36 PM

Originally posted by bdjuf

Young, how YOUNG are you btw?

24 years young. Smarter than your average 75 year old though.

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#18

10-01-2005, 11:37 PM

Originally posted by bdjuf

generating leads online = SPAMMMM

We hire college kids 2 years younger than us to make cold calls. Craigslist will find you absolutely anyone.

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#19

10-01-2005, 11:39 PM

Originally posted by bdjuf

do you have a nice car?

cars are always nice things to have

Acura RSX, bought it new and only put like 40,000km on it. So got a nice car, I've done some travelling, not much else comes to mind to spend on...

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#20

10-01-2005, 11:41 PM

Originally posted by WiredGuy

Acura RSX, bought it new and only put like 40,000km on it. So got a nice car, I've done some travelling, not much else comes to mind to spend on...

WG

RSX is a super hot car, congratz!

I got myself the M3 and the 350z (as investments)

they should both be 100% repaired by next week, and then I get to decide which one to keep and which one to sell
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#21

10-01-2005, 11:45 PM

I'll put the maximum in my IRA for tax deduction purposes, put a little extra towards my mortgage to knock a year or two off my loan, and keep some in savings for emergencies.
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#22

10-01-2005, 11:47 PM

Keep the Z.
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#23

10-01-2005, 11:47 PM

Originally posted by uproared

What's your mortgage rate over there? I think you'd have a tough time finding a tennant willing to pay rent equaling to your interest and principal repayments .

honestly, I have no idea...

and I thought that its very easy to charge someone mortgage rate, simply because they can't afford to pay the downpayment for a house

so how does it work really?
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#24

10-01-2005, 11:48 PM

Originally posted by BigTymer

Keep the Z.

yeah one of them puts 50 000$CAD in my pocket, the other one 25 000$CAD

dilemma dilemma!
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#25

10-01-2005, 11:52 PM

Originally posted by bdjuf

RSX is a super hot car, congratz!

I got myself the M3 and the 350z (as investments)

they should both be 100% repaired by next week, and then I get to decide which one to keep and which one to sell

Pics of the two? Based on the two cars, I'd lean towards the M3 (assuming its not the convertible).
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#26

10-01-2005, 11:53 PM

Originally posted by WiredGuy

Pics of the two? Based on the two cars, I'd lean towards the M3 (assuming its not the convertible).
WG

the M3 is convertible, the 350z is not

I will get you some pics very shortly
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#27

10-01-2005, 11:53 PM

Originally posted by bdjuf

honestly, I have no idea...

and I thought that its very easy to charge someone mortgage rate, simply because they can't afford to pay the downpayment for a house

so how does it work really?

down payments arent required to buy a home. a 20% down payment will only get you out of mortgage insurance. it basically comes down to the property size and value and who you can rent it too. its really not too hard in smaller cities where you can buy a 3bd2bth @ 2500sq ft for 250k and rent it out for 1200/month which will easily cover your mortgage payment + prop taxes. insurance is cheap as well when its setup as a rental property where the contents arent covered by the homes policy.

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#28

10-01-2005, 11:54 PM

here is the M3:
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#29

10-01-2005, 11:56 PM

and here is the 350z in the state that I bought it

in 1 week, it will look just like a showroom car...

hard to believe I know
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#30

10-01-2005, 11:56 PM

The M3 actually looks really good, even if it convertible. Just seems odd to get a convertible with Montreal's winters, lol.
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#31

10-01-2005, 11:59 PM

WiredGuy, how old are you?

I too still live in my student room even though I could easily afford much more. I don't spend much but when I buy the regular things I have to buy I don't really pay attention to the price. I use most money for re-investments.
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#32

10-01-2005, 11:59 PM

Originally posted by WiredGuy

The M3 actually looks really good, even if it convertible. Just seems odd to get a convertible with Montreal's winters, lol.
WG

I will have to store both cars come winter

looking for an SUV to drive in the winter and sell at the end of winter.

got any to recommend?
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#33

10-02-2005, 12:00 AM

Originally posted by Rhesus

WiredGuy, how old are you?

I too still live in my student room even though I could easily afford much more. I don't spend much but when I buy the regular things I have to buy I don't really pay attention to the price. I use most money for re-investments.

what do you usually invest in?
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#34

10-02-2005, 12:01 AM

Originally posted by bdjuf

and here is the 350z in the state that I bought it

...

in 1 week, it will look just like a showroom car...

hard to believe I know

What was the price and how much will you spend on repairing it?
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#35

10-02-2005, 12:01 AM

Originally posted by Rhesus

WiredGuy, how old are you?

I too still live in my student room even though I could easily afford much more. I don't spend much but when I buy the regular things I have to buy I don't really pay attention to the price. I use most money for re-investments.

26, graduated 3 years ago. Sounds very similiar, I could afford a much better place to I simply choose to re-invest my savings instead of upping my cost of living.
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#36

10-02-2005, 12:02 AM

Originally posted by bdjuf

what do you usually invest in?

Just domains (my primary business), I think I should diversify more heh
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#37

10-02-2005, 12:02 AM

Originally posted by bdjuf

I will have to store both cars come winter

looking for an SUV to drive in the winter and sell at the end of winter.

got any to recommend?

The only SUV's that are really appealing to me are unfortunately the monster gas guzzlers like the Escalade or Navigator. But with gas prices as they are now, screw that!
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#38

10-02-2005, 12:03 AM

Originally posted by WiredGuy

26, graduated 3 years ago. Sounds very similiar, I could afford a much better place to I simply choose to re-invest my savings instead of upping my cost of living.
WG

oh well, I'm younger and still a student so it does make some sense to stay living here
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#39

10-02-2005, 12:03 AM

Originally posted by Rhesus

What was the price and how much will you spend on repairing it?

got it for 9000$CAD+customs+fees, will finish at around 19000$CAD, so about 7000-8000$CAD to fix it
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#40

10-02-2005, 12:04 AM

Originally posted by Rhesus

Just domains (my primary business), I think I should diversify more heh

would you be interested in purchasing some of my domains? I will let them go very cheap

ICQ me: 178340550
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#41

10-02-2005, 12:05 AM

Originally posted by WiredGuy

The only SUV's that are really appealing to me are unfortunately the monster gas guzzlers like the Escalade or Navigator. But with gas prices as they are now, screw that!
WG

how about this one? spend the money saved on this instead of an escalade and invest in some bling
http://www.toyota.com/vehicles/minis...rid/index.html

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#42

10-02-2005, 12:05 AM

Still, WG, money is not made only to be saved. What matters in the end is your well-being...

Btw, living in a much bigger place isn't necessarily much more costly.
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#43

10-02-2005, 12:06 AM

Originally posted by uproared

Yeah, you could cover the interest re-payment, but not the principal.

So at the end of the day, your profit would be the appreciation of the property.

dont you also profit the property itself, since at the end the building is yours and you no longer owe the bank any money?
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#44

10-02-2005, 12:06 AM

Originally posted by bdjuf

would you be interested in purchasing some of my domains? I will let them go very cheap

ICQ me: 178340550

No thank you, I only really buy type-in domains, and I don't really want to do much in adult anymore.
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#45

10-02-2005, 12:07 AM

Originally posted by bringer

how about this one? spend the money saved on this instead of an escalade and invest in some bling
http://www.toyota.com/vehicles/minis...rid/index.html

I don't like the look of it, sorry.
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#46

10-02-2005, 12:09 AM

Originally posted by bdjuf

dont you also profit the property itself, since at the end the building is yours and you no longer owe the bank any money?

you basically got a house for a 20% down payment + any bs you have to put up with tenants. risks are possible property damage and 6 month evictions where you get no income.

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#47

10-02-2005, 12:09 AM

Originally posted by uproared

That would only be the case if you were also paying off the principal.

Let me calculate the figures above using canadian mortgage rates, BRB.

why thank you, let's take it as a 10% down payment and as long of a term as possible
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#48

10-02-2005, 12:09 AM

I'm finding that the older I get (I'll be 34 on the 11th), the less I spend. I actually enjoy being somewhat frugal and saving every penny I can for investments or business expansion. I guess after years of accumulation, my needs are diminishing.

I don't have a terribly expensive home, but it is in a prime location across the street from Lake Michigan. I built it in 1993 for $192,000 and paid it off within 10 years. It was recently appraised at $345,000 so my only real personal liabilities are insurance, taxes, and general living expenses.
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#49

10-02-2005, 12:10 AM

Originally posted by Rhesus

Still, WG, money is not made only to be saved. What matters in the end is your well-being...

Btw, living in a much bigger place isn't necessarily much more costly.

Yeah, I know, but there's one thing I absolutely hate with a passion is moving. Once I do get a house I want to stay there for a couple years at least. Even with movers, the idea of moving is something I detest. Being a coop student, I moved at least 10 times in 4 years and that was a for 1 bedroom. The idea of moving a much larger amount of furniture and my business is something I'd like to avoid.
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#50

10-02-2005, 12:11 AM

I would love to know how much some people on GFY have saved up in their bank accounts....

hmmmmmmmmmmm
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