All Things Personal Finance

[Cushi]

Here’s another finance book that I ordered. I’ve been a “fan” of Suze Orman since I was a teenager. I even used to have a crush on her as a teen. Not because I think she’s exceptionally good looking, but because she’s very intelligent. I like a woman with brains. 
I used to listen to her back when she was more popular. Now that Dave Ramsey has gotten so much publicity, I and the rest of America seemed to have forgotten about her. I’m going to start reading this book tomorrow. I think I’m really going to like it. She’s nowhere near as entertaining as Dave Ramsey is, but I like her advice more. Dave is rational, but she’s reasonable. I’ll let you guys know what I think when I’m done 😊

Edited August 17, 2023 by *Jack*

[Hotteok]

I hope to live in a world where there is no money. 

[Cushi]

19 minutes ago, Hotteok said:

I hope to live in a world where there is no money. 

Me too. But as we continue to live in this system of things, we have to be smart with the way we use money.

[Tortuga]

8 hours ago, *Jack* said:

I used to listen to her back when she was more popular. Now that Dave Ramsey has gotten so much publicity, I and the rest of America seemed to have forgotten about her. I’m going to start reading this book tomorrow.

I read one of her books about 10-12 years ago. I thought it was very informative.

[bobby]

9 hours ago, Hotteok said:

I hope to live in a world where there is no money. 

me to 

 

i all wanted to invest in commodities and R.E.I.T's but cant now i would be penalized by

Medicare and Medicaid 

Edited August 17, 2023 by bobby

[coolbrz731]

I dabbled in crypto for a while.  Kept it low key, cause it was "controversial" in my area at the time.  I did very good when I was in.  I did my research, found a couple of obscure defi coins and invested in them.  I discovered that one of the charts they used to try to predict the ups and downs of the crypto's was fibonacci numbers.  I thought, "hmmm...that's the math used in Jehovah's creation."  And you know what, it worked!  I got in and got out at the right times more often than I thought I would.  It predicted when those coins would go to the moon or when they would fall off a cliff.  Didn't work every time, but I earned enough profit to get my wife the emotional support animal she needed.  She's allergic to dogs, so we got a very expensive hyper-allergenic Yorkshire Terrier.  He's a natural.  When she's having anxiety or depressed, he will go through walls to be there to confort her.

[Hotteok]

1 hour ago, coolbrz731 said:

I dabbled in crypto for a while.  Kept it low key, cause it was "controversial" in my area at the time.  I did very good when I was in.  I did my research, found a couple of obscure defi coins and invested in them.  I discovered that one of the charts they used to try to predict the ups and downs of the crypto's was fibonacci numbers.  I thought, "hmmm...that's the math used in Jehovah's creation."  And you know what, it worked!  I got in and got out at the right times more often than I thought I would.  It predicted when those coins would go to the moon or when they would fall off a cliff.  Didn't work every time, but I earned enough profit to get my wife the emotional support animal she needed.  She's allergic to dogs, so we got a very expensive hyper-allergenic Yorkshire Terrier.  He's a natural.  When she's having anxiety or depressed, he will go through walls to be there to confort her.

 

Thanks for sharing your story!!

I’m allergic to dogs too..

didn’t know there was a dog that wouldn’t give coughs and red eyes! 

[Cushi]

2 hours ago, coolbrz731 said:

I dabbled in crypto for a while.  Kept it low key, cause it was "controversial" in my area at the time.  I did very good when I was in.  I did my research, found a couple of obscure defi coins and invested in them.  I discovered that one of the charts they used to try to predict the ups and downs of the crypto's was fibonacci numbers.  I thought, "hmmm...that's the math used in Jehovah's creation."  And you know what, it worked!  I got in and got out at the right times more often than I thought I would.  It predicted when those coins would go to the moon or when they would fall off a cliff.  Didn't work every time, but I earned enough profit to get my wife the emotional support animal she needed.  She's allergic to dogs, so we got a very expensive hyper-allergenic Yorkshire Terrier.  He's a natural.  When she's having anxiety or depressed, he will go through walls to be there to confort her.

It’s something you mention the Fibonacci sequence because my brother invests in bitcoin and has studied economics for years. He was telling me last night that they use Fibonacci numbers in those charts, something I didn’t know, but am not surprised. I’m glad it worked out for you and you were able to get your wife her emotional support animal 😊

[Cushi]

13 hours ago, *Jack* said:

Here’s another finance book that I ordered. I’ve been a “fan” of Suze Orman since I was a teenager. I even used to have a crush on her as a teen. Not because I think she’s exceptionally good looking, but because she’s very intelligent. I like a woman with brains. 
I used to listen to her back when she was more popular. Now that Dave Ramsey has gotten so much publicity, I and the rest of America seemed to have forgotten about her. I’m going to start reading this book tomorrow. I think I’m really going to like it. She’s nowhere near as entertaining as Dave Ramsey is, but I like her advice more. Dave is rational, but she’s reasonable. I’ll let you guys know what I think when I’m done 😊

This is the booklet I just finished, The Communist Manifesto by Karl Marx and Frederick Engels. I’ve never been interested in political topics, but communism and socialism have been such buzz words lately that I wanted to see what it was about. This was by far the most boring book I’ve ever read in my life, second to to Kill a Mockingbird. It was extremely hard to follow with all its political and socialist jargon. So much so that I had to read many paragraphs 3 or 4 times because my mind kept wandering. I wouldn’t recommend this booklet.

 

 

[Cushi]

I’ve been thinking a lot about financial planning. One of the reasons I’ve cut back spending and gotten more serious about saving is because if this system lasts long enough for me to retire, (which I doubt it will) I’ll want to be able to support myself. I say that because many times we rely on the government to give us social security or a pension from a job when we retire, but these things aren’t promised. 
We all know you can’t trust a word the government says, and just recently Yellow Freight trucking company in the United States said they won’t be able to pay their retirees their due pensions because they are on the verge of bankruptcy. 
We are encouraged to keep Jehovah’s day close in mind and to picture ourselves in the new world. But it’s also good to plan as if Armageddon won’t come in your lifetime, because if it doesn’t, or it comes after retirement, you’ll be prepared.

[Tortuga]

47 minutes ago, *Jack* said:

I’ve been thinking a lot about financial planning. One of the reasons I’ve cut back spending and gotten more serious about saving is because if this system lasts long enough for me to retire, (which I doubt it will) I’ll want to be able to support myself.

Do you have a 401k or IRA? Roth or traditional?

 

If you aren't in the stock market, pick which institution you like and use their robo-advisor to help you with your investments. Start a traditional IRA for the tax benefits if you can. 

 

https://smartasset.com/investing/vanguard-vs-fidelity-vs-schwab

Edited August 18, 2023 by Tortuga

[Tortuga]

Many years ago I read Dilberts One Page Guide to Everything Financial. I followed it and it worked for me. I did eventually get a financial advisor..

https://www.mymoneyblog.com/dilberts-one-page-guide-to-everything-financial.html

[bobby]

 

#7 would have never thought about that one

[Cushi]

 

[Hotteok]

On 8/17/2023 at 11:47 PM, coolbrz731 said:

She's allergic to dogs, so we got a very expensive hyper-allergenic Yorkshire Terrier.  

 

 

Ecc 10:19

19 Bread is made for laughter, and wine makes life enjoyable; but money answers every need.

 

 

Bitcoin is on a rollercoaster by the way. 

Edited August 23, 2023 by Hotteok

[computerwiz]

10 hours ago, Hotteok said:

Bitcoin is on a rollercoaster by the way. 

 

That's how it works.

 

 

 

Almost there!!!

[Cushi]

On 8/16/2023 at 11:22 PM, *Jack* said:

Here’s another finance book that I ordered. I’ve been a “fan” of Suze Orman since I was a teenager. I even used to have a crush on her as a teen. Not because I think she’s exceptionally good looking, but because she’s very intelligent. I like a woman with brains. 
I used to listen to her back when she was more popular. Now that Dave Ramsey has gotten so much publicity, I and the rest of America seemed to have forgotten about her. I’m going to start reading this book tomorrow. I think I’m really going to like it. She’s nowhere near as entertaining as Dave Ramsey is, but I like her advice more. Dave is rational, but she’s reasonable. I’ll let you guys know what I think when I’m done 😊

I just finished this book. It was a really good read and very informative. It was also very concise. She didn’t tell of unnecessary information, but only what you needed to know. All the information was very practical and timeless. I would recommend it.

[Hotteok]

8 hours ago, *Jack* said:

I just finished this book. It was a really good read and very informative. It was also very concise. She didn’t tell of unnecessary information, but only what you needed to know. All the information was very practical and timeless. I would recommend it.

 

What were some of your biggest impressions? 

[Cushi]

12 hours ago, Hotteok said:

 

What were some of your biggest impressions? 

That Suze Orman has a very sensical way of thinking when it comes to financial matters and that is reflected in her book.

[Cushi]

Very good advice

 

 

[Cushi]

 

[Witness1970]

On 5/27/2023 at 12:08 AM, *Jack* said:

I’ve been using credit cards for 6 years now and I haven’t paid one penny in interest because I refuse to pay some sleazy credit card company interest. I pay all my credit card bills 5 days after the statement closing date. The rule that I live by is not to spend anything on a credit card, unless I already have the money in my checking account. I just use credit cards for cash back rewards and to build my credit.

It's been about 6 or 7 years since I have paid any credit card interest.  I normally just pay the statement balance each month.  I plan to pay all my credit cards' full balance this month so that when the statement is generated I will have zero (0) dollars.  I will see what happens to my credit score.

 

I use credit cards for cash back also.  But I also like the idea of leaving money in an interest-bearing account as long as possible.  Every little bit helps.  

[computerwiz]

1 hour ago, Witness1970 said:

It's been about 6 or 7 years since I have paid any credit card interest.  I normally just pay the statement balance each month.  I plan to pay all my credit cards' full balance this month so that when the statement is generated I will have zero (0) dollars.  I will see what happens to my credit score.

 

I use credit cards for cash back also.  But I also like the idea of leaving money in an interest-bearing account as long as possible.  Every little bit helps.  

 

That's the way to do it! 😎👍

[Cushi]

How does a Christian invest in an index like the S&P 500 when some of the companies promote things that are against Bible principles, like pornography, tobacco use, gambling, ruining the earth, etc.

[Tortuga]

10 minutes ago, *Jack* said:

How does a Christian invest in an index like the S&P 500 when some of the companies promote things that are against Bible principles, like pornography, tobacco use, gambling, ruining the earth, etc.

Is that a rhetorical question?