How good are you with money?

suzy1124 · Post by **suzy1124** » 15 Jul 2014, 08:28

NateHyphen wrote:Invest your money. In something tangible(like land, grenades, grenade launchers,
and dysentery. Yes dysentery, somebody's got to buy all that Lomotil I scored from
some guy with Lehman Brothers, who really knows his sh*t).

you're joking right?

NateHyphen · Post by **NateHyphen** » 16 Jul 2014, 06:46

@suzy "you're joking, right?" Yes I am. Theres always someone you can't fool all
the time. I was being glib when I recommended grenades and their launchers. Much
of this pacification product is being used by the godless in such venues as Afghanistan
and Iraq. And, as Jerry Bremer was quick to point out, those people couldn't organize
a fender bender involving more than one vehicle. Just because they have purple thumbs, doesn't make them clairvoyant. Anyway, the lesson here would be to invest in something they do well. So, if someone was foolish enough to create a financial instrument based on the percentage of inventory that arrived in a reasonable amount of time, (and was unequivocally in "kill mode" condition) I'd consider it. If you're not
comfortable with that, stick with a more traditional, blue ribbon security: dysentery.
Those people are so good at it, that the regularity of the first Caliph of Bahgdad was
used to determine the time of day, day of month etc for the opening of Ramadan. And
that's no sh*t. You're awful cute Suzie. Thanks for playing along.
Until recently, my favorite investment, tax exempt municipal bonds, made me look like
a genius. But the USG has stopped buying them in the quantities they were before. And
by the end of the third quarter of this year, I'm going to have to find another shelter for my money. Housing and property values in Nevada are still low, so that market
might be worth consideration. But its going to be awhile before all the toxic securities
that were built in to that sector by the unscrupulous institutions that started the melt down, are completely purged from it. There's no quick fix. Wherever an investor decides to put his money, he should understand his time horizon. It might be 5-10
years before there are substantive returns. BUY DIRT. GOD'S NOT MAKING ANYMORE.

suzy1124 · Post by **suzy1124** » 16 Jul 2014, 08:25

I'm cute?...heeHEheeeeeeeeeee, you're not so bad looking yourself...smiling here...........what do you think of the book/ movie " Freakonomics ? "

NateHyphen · Post by **NateHyphen** » 19 Jul 2014, 02:32

I've read four chapters of Freakonomics. It's Online, so have at it. If
memory serves, Economics isn't exactly an exact science. Like Chemistry.
If you breath too much H2O, you'll drown. It's that simple. Their economics
introduces a number of new metrics to the debate. They seem to pop up
just in the nick of time. Whenever one of the author's premises is running out of steam.
I've just started the chapter recounting the Chicago teachers who knew their students
didn't know the right answers. So they gave them to them.

suzy1124 · Post by **suzy1124** » 19 Jul 2014, 04:17

Right on N.H.!..............you're a good student!...........personally, I found the whole thing FREAKY...

thenameisZelda · Post by **thenameisZelda** » 25 Jul 2014, 15:53

I'm good enough that I pulled my ex-husband out of debt and got him a brand new car with only his test drive miles on it. In three months. With only one income. Not only that I'm good enough that when I drew up a plan of action for our finances, our financial adviser told us he couldn't see any issues and had nothing to add. That we were on the right track and to come back when we were ready to talk investments.

It's really not that hard to handle your finances. I'm 24. It's all about knowing the difference between WANTS and NEEDS. Not spending more than you have. Putting some away for savings. Having clear goals and a clear plan of action. Working up to bigger things, not starting with bigger things. Not putting yourself into debt... I could talk about it all day.

suzy1124 · Post by **suzy1124** » 25 Jul 2014, 16:59

WOW!...impressive, and even moreso considering your age...

NateHyphen · Post by **NateHyphen** » 26 Jul 2014, 04:17

Hear, hear. The hardest part of financial planning is sacrifice and discipline. Which,
obviously, Zelda has. Well done.

-- 26 Jul 2014, 05:17 --

Hear, hear. The hardest part of financial planning is sacrifice and discipline. Which,
obviously, Zelda has. Well done.

ALynnPowers · Post by **ALynnPowers** » 03 Nov 2014, 09:01

I like to think I am pretty good. I have never been in debt, and I have no mortgage or car notes to pay. Savings in the bank. Overall, I think I'm in good shape as far as money management goes.

Bighuey · Post by **Bighuey** » 03 Nov 2014, 20:59

I do OK. Im far from rich and I watch my spending very carefully. I watch sales, buy only what I need (most of the time) and put aside a few pesos for a rainy day. Glad we dont get much rain here. In other words, Im cheap.

nstreit82 · Post by **nstreit82** » 03 Nov 2014, 22:58

Terrible. I spend way too much.

ALynnPowers · Post by **ALynnPowers** » 28 Nov 2014, 08:57

I'm so broke right now. Brought my savings to the US from Japan, but the exchange rate is horrible and it got worse in the 10 hours it took me to change countries. Lost $400 immediately.

Bighuey · Post by **Bighuey** » 28 Nov 2014, 09:50

What is the exchange rate in Japan now? I was there in 1957 and it was 360 yen to the dollar. Here in Mexico its 12.60 to one.

rssllue · Post by **rssllue** » 30 Nov 2014, 15:58

ALynnPowers wrote:I'm so broke right now. Brought my savings to the US from Japan, but the exchange rate is horrible and it got worse in the 10 hours it took me to change countries. Lost $400 immediately.

Ouch!

ALynnPowers · Post by **ALynnPowers** » 04 Dec 2014, 05:16

Bighuey wrote:What is the exchange rate in Japan now? I was there in 1957 and it was 360 yen to the dollar. Here in Mexico its 12.60 to one.

360?!?!? omg!!!!

When I first came to Japan, it was 80 yen to the dollar. Lost money changing the dollar to yen. This trip, it was 125 yen to the dollar. Lost money changing the yen to dollar. Exchange rates hate me.