What % of your net monthly income do you SAVE ??? - GoFuckYourself.com

datatank · 11-16-2009, 07:13 PM

Interested to hear in this economy

What % of your net monthly income do you SAVE ???

Sly · 11-16-2009, 07:23 PM

I try to do around 7.5 gross, and then another 5 gross on pre-tax investments.

fris · 11-16-2009, 07:25 PM

that informaition is above your pay grade

Barefootsies · 11-16-2009, 07:26 PM

Honestly, it depends.

Right now I am investing a lot back into my business and new 2010 projects. So I should probably be doing more than I currently am. But right now I am looking, and gearing up, to the future.

Nicky · 11-16-2009, 07:41 PM

Quote:

Originally Posted by Barefootsies

Honestly, it depends.

Right now I am investing a lot back into my business and new 2010 projects. So I should probably be doing more than I currently am. But right now I am looking, and gearing up, to the future.

datatank · 11-16-2009, 08:05 PM

Quote:

Originally Posted by fris

that informaition is above your pay grade

huh???????/

rowan · 11-17-2009, 12:58 AM

Quote:

Originally Posted by datatank

Interested to hear in this economy

What % of your net monthly income do you SAVE ???

For the majority of people this is likely to be nil, or negative.

Farang · 11-17-2009, 01:06 AM

Quote:

Originally Posted by fris

that informaition is above your pay grade

datatank · 11-17-2009, 10:03 AM

hmmmmm 0 ?

BradM · 11-17-2009, 10:06 AM

james_clickmemedia · 11-17-2009, 10:11 AM

max out our company 401k that's it right now.

datatank · 11-17-2009, 07:55 PM

;-( ................

Spunky · 11-17-2009, 10:19 PM

I piss it all away like a drunken sailor

bdld · 11-17-2009, 11:28 PM

i have no clue, as long as i make more than what i spend it's all good.

martinsc · 11-17-2009, 11:43 PM

not enough....

bobby666 · 11-18-2009, 12:36 AM

currently 5 percent

Corleone · 11-18-2009, 12:56 AM

Quote:

Originally Posted by rowan

For the majority of people this is likely to be nil, or negative.

im afraid thats the truth

Jakez · 11-18-2009, 01:03 AM

What do you mean by "SAVE"?

Ross · 11-18-2009, 02:54 AM

I try to put away at least 35% every month. This year has been a great year, invested in another property, got solid renters in it, paid 50% of the property cash and I am debt free apart from my own mortgage. I had a lot of student debt hanging over me from 7 years ago, finally killed it all last month. Hoping to push that up to 50% now that I've paid of some other small monthly amounts too. I really have a low cost life.

LoveSandra · 11-18-2009, 03:14 AM

Quote:

Originally Posted by fris

that informaition is above your pay grade

MrMaxwell · 11-18-2009, 04:14 AM

Quote:

Originally Posted by Ross

I try to put away at least 35% every month. This year has been a great year, invested in another property, got solid renters in it, paid 50% of the property cash and I am debt free apart from my own mortgage. I had a lot of student debt hanging over me from 7 years ago, finally killed it all last month. Hoping to push that up to 50% now that I've paid of some other small monthly amounts too. I really have a low cost life.

Since you can borrow money at historical lows.. for NOTHING.. wouldn't you be better off borrowing out of your investment properties in order to buy more? Not so much that your current properties wouldn't cashflow, and comfortably, allowing for vacancy and upkeep... but if it's doable, do it ... you end up with more .. alot more .. every time you end up with too much equity, you pull it out.. borrowing is tax free or at least deferred

How much of my income do I save.. ?
Whatever's left over to put in my belly.. LoL over here.. hell

ruth · 11-18-2009, 04:53 AM

5%/month, and the rest I spend, spend, spend.

Ross · 11-18-2009, 05:59 AM

Quote:

Originally Posted by MrMaxwell

Since you can borrow money at historical lows.. for NOTHING.. wouldn't you be better off borrowing out of your investment properties in order to buy more? Not so much that your current properties wouldn't cashflow, and comfortably, allowing for vacancy and upkeep... but if it's doable, do it ... you end up with more .. alot more .. every time you end up with too much equity, you pull it out.. borrowing is tax free or at least deferred

How much of my income do I save.. ?
Whatever's left over to put in my belly.. LoL over here.. hell

When I buy my next property I'll go over all of that with my Financial guy. He keeps me right, does what is best for me at the time. If I have the cash on hand I prefer to pay the downpayment and forget about it. However if I can buy more properties over a shorter space of time then I'm gonna look into it.

cardinalvices · 11-18-2009, 06:23 AM

Right, lets piss it all away, who gives a fuck, 2012 is coming!

The Duck · 11-18-2009, 08:45 AM

I invest the majority into current and new projects.

Chris · 11-18-2009, 08:46 AM

zero point zero ;/

beerptrol · 11-18-2009, 08:54 AM

I try to save 15-25%. But the gf likes to spend it

Waiter · 11-18-2009, 10:42 AM

hahahaha ... you must be joking bro

good one

MrMaxwell · 11-24-2009, 02:16 AM

Quote:

Originally Posted by Ross

When I buy my next property I'll go over all of that with my Financial guy. He keeps me right, does what is best for me at the time. If I have the cash on hand I prefer to pay the downpayment and forget about it. However if I can buy more properties over a shorter space of time then I'm gonna look into it.

Be damned careful of a "financial guy". I've never heard of one being worth much.
If you're going to be investing YOU need to know what's best for you.
Want him to handle the menial parts of it, fine, but you keep your finger on the pulse of things..

Raf1 · 11-24-2009, 03:52 AM

I don't have much expenses at the moment. Just normal business expenses that my printing company is paying off, so I'm saving most of my income

datatank · 11-30-2009, 11:00 AM

Quote:

Originally Posted by Spunky

I piss it all away like a drunken sailor

nice....

brassmonkey · 11-30-2009, 01:35 PM

30% savings

L-Pink · 11-30-2009, 01:38 PM

I do it a little different, I have a budget that I live within each month the rest goes to savings/investments.

.

bloggerz · 11-30-2009, 01:40 PM

Quote:

Originally Posted by bdld

i have no clue, as long as i make more than what i spend it's all good.

datatank · 11-30-2009, 07:00 PM

Quote:

Originally Posted by Raf1

I don't have much expenses at the moment. Just normal business expenses that my printing company is paying off, so I'm saving most of my income

Are you over 75% ?

andrej_NDC · 11-30-2009, 07:21 PM

A lot. I invest something back to work, pay the bills and then only spend for things like food, some clothes, nothing more lately. Right now I have everything I need, the new house, a car and I just don't feel like there is something missing. But I surely need a vacation, though.

Yngwie · 11-30-2009, 08:38 PM

I haven't really been able to save in quite awhile. Besides paying my own bills and debt(s) I also use a lot of my money to help my dad. No, my dad is not some useless bum or anything like that. A couple years ago he ended up in the hospital, problems happens, some brain damage, he's in a "old folks" home right now and I'm doing everything that I can financially to make sure that he can at least enjoy himself. Sure, it makes me be broke, but as long as my dad is happy that's all that matters right now.

datatank · 12-01-2009, 09:12 AM

Quote:

Originally Posted by Yngwie

I haven't really been able to save in quite awhile. Besides paying my own bills and debt(s) I also use a lot of my money to help my dad. No, my dad is not some useless bum or anything like that. A couple years ago he ended up in the hospital, problems happens, some brain damage, he's in a "old folks" home right now and I'm doing everything that I can financially to make sure that he can at least enjoy himself. Sure, it makes me be broke, but as long as my dad is happy that's all that matters right now.

Great Stuff. Happy Holidays too you and your family

RachelPanda · 12-01-2009, 09:13 AM

Basically about 0% right now...kinda gotta get on that.

Yngwie · 12-01-2009, 09:46 AM

Quote:

Originally Posted by datatank

Great Stuff. Happy Holidays too you and your family

Thanx man. Happy holidays to you and your family to

Forest · 12-01-2009, 09:48 AM

this year close to 50%

last year was about 30%

im working towards an early retirement

After Shock Media · 12-01-2009, 02:14 PM

As much as possible.
Currently I save everything beyond expenses and 15% growth for my online assets. So technically that would be a 85% savings rate. No online assets put any spending money in my household budget anymore. It all goes into savings.

My savings occasionally do end up funding other investment assets every so often after we run numbers to make sure they make 100% sense with minimal risk.

The wife's business's covers all her business expenses plus a 15% growth reinvestment rate. She does pull a 200.00 a week do what she wants with salary which she rarely uses. Her funds also covers the van note and insurance as of 2 months ago since her new business made full sense of it needing a van.

All of our main bills are covered by our rental income, some assorted passive assets income streams, and storage money income. Storage is technically another business though.

Biggest problem is that I have to blow through savings way to often with current medical issues. So to play it safe we do keep assets separate. Always have and always will in the event I can not keep up with my bills. So we have different savings and plans. Most all new investments are hers and my name is not on them. If not for medical problems I could of retired long ago. We still save with retirement in mind. Oddly our retirement plans are a working retirement goal since we both would go bat shit if we did not have something we could do if we wanted and we both have a need and desire to work for ourselves to earn money. It is part of our spirit.

I do catch a lot of shit around here for how frugal I am. Hell bring up a coupon thread or buying off label brands (caned food outlets, warehouse shopping, money saving) etc. and watch how many "players in their minds" laugh and mock you. Saying saving 30 bucks shopping is not worth the hour it took you during the week to prepare for it.

fatfoo · 12-01-2009, 02:46 PM

Right now none. I am drowning in debt.

After Shock Media · 12-01-2009, 02:51 PM

Quote:

Originally Posted by fatfoo

Right now none. I am drowning in debt.

If that is really the case you should evaluate your life right now. Find a job that pays a wage and get that shit ASAP. I know you have to be young enough to be working 80-120 hour wees if needed. Get a damn job or 3 and work them. Do your webmaster stuff when your not working. Only warning would be that you can not post on here as much as you do, then again most people who are hurting for cash should not be on here most of the day anyways when there are jobs available.

11-16-2009, 07:13 PM	#1
datatank Confirmed User Join Date: Aug 2004 Location: My dog is blacker than Tupac Posts: 5,471	What % of your net monthly income do you SAVE ??? Interested to hear in this economy What % of your net monthly income do you SAVE ???

11-16-2009, 07:23 PM	#2
Sly Let's do some business! Industry Role: Join Date: Sep 2004 Location: Austin, TX Posts: 31,340	I try to do around 7.5 gross, and then another 5 gross on pre-tax investments. __________________ Vacares - Web Hosting, Domains, O365, Security & More - Paxum and BTC Accepted Windows VPS now available Great for TSS, Nifty Stats, remote work, virtual assistants, etc. Click here for more details.

11-16-2009, 07:25 PM	#3
fris Too lazy to set a custom title Industry Role: Join Date: Aug 2002 Posts: 55,372	that informaition is above your pay grade __________________ Since 1999: 69 Adult Industry awards for Best Hosting Company and professional excellence. WP Stuff

11-16-2009, 07:26 PM	#4
Barefootsies Choice is an Illusion Industry Role: Join Date: Feb 2005 Location: Land of Obama Posts: 42,635	Honestly, it depends. Right now I am investing a lot back into my business and new 2010 projects. So I should probably be doing more than I currently am. But right now I am looking, and gearing up, to the future. __________________ Should You Email Your Members? Link1 \| Link2 \| Link3 Enough Said. "Would you rather live like a king for a year or like a prince forever?"

11-17-2009, 10:11 AM	#11
james_clickmemedia Confirmed User Join Date: Apr 2003 Location: Texas / London Posts: 2,204	max out our company 401k that's it right now. __________________ $ CLICKMEMEDIA.COM $ CONVERTING ETHNIC TRAFFIC SINCE 1998 ~ $30+PPS BLACK-X.COM - NEW BLACK EX-GF SITE CLICKMEMEDIA.COM ~ ICQ - 8788771

11-17-2009, 10:03 AM	#9
datatank Confirmed User Join Date: Aug 2004 Location: My dog is blacker than Tupac Posts: 5,471	hmmmmm 0 ?

11-17-2009, 10:06 AM	#10
BradM Confirmed User Join Date: Dec 2003 Location: 1123,6536,5231 Posts: 3,397	0.

11-17-2009, 07:55 PM	#12
datatank Confirmed User Join Date: Aug 2004 Location: My dog is blacker than Tupac Posts: 5,471	;-( ................

11-17-2009, 10:19 PM	#13
Spunky I need a beer Industry Role: Join Date: Jun 2002 Location: ♠ Toiletville ♠ Posts: 133,949	I piss it all away like a drunken sailor __________________ *YOUR INFORMATION HERE*

11-17-2009, 11:28 PM	#14
bdld $100,000 Join Date: Dec 2001 Posts: 11,452	i have no clue, as long as i make more than what i spend it's all good.

11-17-2009, 11:43 PM	#15
martinsc Too lazy to set a custom title Industry Role: Join Date: Jun 2005 Location: 127.0.0.1 Posts: 27,047	not enough.... __________________ Make Money

11-18-2009, 12:36 AM	#16
bobby666 boots are my religion Join Date: Nov 2005 Location: Heart of europe Posts: 21,765	currently 5 percent __________________

11-18-2009, 01:03 AM	#18
Jakez Confirmed User Industry Role: Join Date: Jan 2004 Location: oddfuturewolfgangkillthemall!!!!!!! Posts: 5,656	What do you mean by "SAVE"? __________________ [email protected] - jakezdumb - 573689400 Killuminati

11-18-2009, 02:54 AM	#19
Ross Ik ben een aap Industry Role: Join Date: Sep 2002 Location: Traffic Force Towers, Canada! Posts: 18,874	I try to put away at least 35% every month. This year has been a great year, invested in another property, got solid renters in it, paid 50% of the property cash and I am debt free apart from my own mortgage. I had a lot of student debt hanging over me from 7 years ago, finally killed it all last month. Hoping to push that up to 50% now that I've paid of some other small monthly amounts too. I really have a low cost life.

11-18-2009, 04:53 AM	#22
ruth Confirmed User Join Date: Sep 2005 Location: London Posts: 321	5%/month, and the rest I spend, spend, spend. __________________ Promote AllRuth at Simonscans.com

11-18-2009, 06:23 AM	#24
cardinalvices Confirmed User Join Date: Dec 2006 Posts: 2,084	Right, lets piss it all away, who gives a fuck, 2012 is coming! __________________ Cardinal Vices Studio - your one stop shop for webdesign! Paysites \| Consulting \| Tube sites \| TGPs \| Galleries/Banner ads \| Flash peel ads Start your own cam site - Get Live Cam Site Solution

11-18-2009, 08:45 AM	#25
The Duck Adult Content Provider Industry Role: Join Date: May 2005 Location: Europe Posts: 18,243	I invest the majority into current and new projects. __________________ Skype Horusmaia ICQ 41555245 Email [email protected]

11-18-2009, 08:46 AM	#26
Chris Too lazy to set a custom title Industry Role: Join Date: May 2003 Location: icq: 71462500 Skype: Jupzchris Posts: 27,880	zero point zero ;/ __________________ [email protected]

11-18-2009, 08:54 AM	#27
beerptrol Confirmed Asshole Industry Role: Join Date: Feb 2003 Location: Half way between sobriety and fubar. Posts: 12,722	I try to save 15-25%. But the gf likes to spend it __________________ “If we are to have another contest in the near future of our national existence, I predict that the dividing line will not be Mason and Dixon's but between patriotism and intelligence on the one side, and superstition, ambition and ignorance on the other.” -- Ulysses S. Grant

11-18-2009, 10:42 AM	#28
Waiter Too lazy to set a custom title Industry Role: Join Date: Dec 2006 Posts: 15,986	hahahaha ... you must be joking bro good one __________________ The Best Web Hosting Plan ... Amerinoc.com / Unlimited Transfer / Unlimited Web Space / Unlimited Domains / Unlimited Email + Databases ... And much more at Amerinoc.com

11-24-2009, 03:52 AM	#30
Raf1 Too lazy to set a custom title Join Date: Oct 2003 Location: Writer for hire :) Gallery descriptions, articles, blog posts etc. ICQ: 209 356 106 Posts: 12,117	I don't have much expenses at the moment. Just normal business expenses that my printing company is paying off, so I'm saving most of my income __________________ 80% Revshare or 30$ PPS on $1 trials: 200 Niches = Vidz.com Galleries / FLVs / Embeds 3 & 5mins FLVs \| RSS & Tube Feeds \| Matching Thumbs \| FLV Browser & Exporter \| No Prechecked Xsales >> Mobile Redirection Script: mobile.vidz.com also paying 80% net Lifetime << ICQ: 198-394-557

11-30-2009, 01:35 PM	#32
brassmonkey Pay It Forward Industry Role: Join Date: Sep 2005 Location: Yo Mama House Posts: 77,258	30% savings __________________ TRUMP 2025 KEKAW!!! - The Laken Riley Act Is Law! DACA ENDED - SUPPORT AZ HCR 2060 52R - email: brassballz-at-techie.com

11-30-2009, 01:38 PM	#33
L-Pink working on my tan Industry Role: Join Date: Mar 2005 Location: Florida/Kentucky Posts: 39,151	I do it a little different, I have a budget that I live within each month the rest goes to savings/investments. .

11-30-2009, 07:21 PM	#36
andrej_NDC Registered User Industry Role: Join Date: May 2004 Posts: 7,760	A lot. I invest something back to work, pay the bills and then only spend for things like food, some clothes, nothing more lately. Right now I have everything I need, the new house, a car and I just don't feel like there is something missing. But I surely need a vacation, though.

11-30-2009, 08:38 PM	#37
Yngwie I am an Alien from space Industry Role: Join Date: May 2003 Location: Ontario, Canada Posts: 11,118	I haven't really been able to save in quite awhile. Besides paying my own bills and debt(s) I also use a lot of my money to help my dad. No, my dad is not some useless bum or anything like that. A couple years ago he ended up in the hospital, problems happens, some brain damage, he's in a "old folks" home right now and I'm doing everything that I can financially to make sure that he can at least enjoy himself. Sure, it makes me be broke, but as long as my dad is happy that's all that matters right now. __________________ ICQ: 16544251 - Skype: gator37 @ eastlink.ca - email: yngwie @ isys.ca

12-01-2009, 09:13 AM	#39
RachelPanda Confirmed User Join Date: Nov 2009 Posts: 187	Basically about 0% right now...kinda gotta get on that. __________________ ICQ: 589860018 Malloy Martin Brooke Marks Rachel Sexton Misty Gates Active solo models with weekly camshows!

12-01-2009, 09:48 AM	#41
Forest Confirmed User Industry Role: Join Date: Aug 2001 Location: Hollywood Fl. Posts: 9,005	this year close to 50% last year was about 30% im working towards an early retirement

12-01-2009, 02:14 PM	#42
After Shock Media It's coming look busy Join Date: Mar 2001 Location: "Ph'nglui mglw'nafh Cthulhu R'lyeh wgah'nagl fhtagn". Posts: 35,299	As much as possible. Currently I save everything beyond expenses and 15% growth for my online assets. So technically that would be a 85% savings rate. No online assets put any spending money in my household budget anymore. It all goes into savings. My savings occasionally do end up funding other investment assets every so often after we run numbers to make sure they make 100% sense with minimal risk. The wife's business's covers all her business expenses plus a 15% growth reinvestment rate. She does pull a 200.00 a week do what she wants with salary which she rarely uses. Her funds also covers the van note and insurance as of 2 months ago since her new business made full sense of it needing a van. All of our main bills are covered by our rental income, some assorted passive assets income streams, and storage money income. Storage is technically another business though. Biggest problem is that I have to blow through savings way to often with current medical issues. So to play it safe we do keep assets separate. Always have and always will in the event I can not keep up with my bills. So we have different savings and plans. Most all new investments are hers and my name is not on them. If not for medical problems I could of retired long ago. We still save with retirement in mind. Oddly our retirement plans are a working retirement goal since we both would go bat shit if we did not have something we could do if we wanted and we both have a need and desire to work for ourselves to earn money. It is part of our spirit. I do catch a lot of shit around here for how frugal I am. Hell bring up a coupon thread or buying off label brands (caned food outlets, warehouse shopping, money saving) etc. and watch how many "players in their minds" laugh and mock you. Saying saving 30 bucks shopping is not worth the hour it took you during the week to prepare for it. __________________ [email protected] ICQ:135982156 AIM: Aftershockmed1a MSN: [email protected]

12-01-2009, 02:46 PM	#43
fatfoo ICQ:649699063 Industry Role: Join Date: Mar 2003 Posts: 27,763	Right now none. I am drowning in debt. __________________ Send me an email: [email protected]