but you typically leverage that 37,000 by a factor of 5, so while you would "only" be making 4% on the house, its compounding for the entire value. you would need to pull 20% in a bank account.
of course, the problem with real estate is that its not very liquid. at all.
balance, is our friend. stocks, real estate, and bonds when the interest rates go back up.
except you are missing the whole "bonds" oprtion of the cycle.
at some point, interest rates will rise. at one point during the 80's, you could have bought TBills paying 18%. Riskier credit vehicles were paying nearly 30%.
and i gotta tell ya - if you can guarantee me 18%, tax-free, i'll eat ramen noodles just to invest as much as i possibly can.
i know a few people who are self-made millionaires, and none of them would be satisfied if they ust kicked back and relaxed for the rest of their lives. there is a deep fire within this type of person that pushes them to constantly challenge themselves and excel in socially accepted ways.
i work for one guy that i *know* is financially secure, and yet is working 12-16 hour days, 5-7 days a week, hacking god-awful crap, because he loves the damn job.
if you would really be content to sit on an island somewhere, coding and plucking your guitar, whilst sipping margaritas,you probably dont have the drive to make it happen.
my personal philosophy has been to plan for the worst, but work for the best: fortune favors the prepared.
i'm also a realist that many people simply dont have the tools to succeed, whether thru genetics, life situation, or plain laziness. you gotta make sure that they are comfortable enough that their current life is more comfortable than giving their life for a charismatic leader's cause.
it is a balancing act. marx doesnt work, but neither does rand.
my concerns regarding the non-saving culture of the US is that we have not been this involved in a consumer driven economy since the 1920's. Keynesian Government programs need to come to the forefront, and relieve pressure on the american consumer.
the disabled also use social security, as my sister is, and is using my fathers benefits.
my father used ss whgen my grandfather died when he was 19. which was the only way he made it through school.
FDIC is another one of FDR's programs to guard against another depression, as with welfare, medicare and social security. i'm certain that the repubs will be after the FDIC as soon as their done dismantling SS.
stated in a nutshell, society must provide a subsistence level safety net that catches (theoretically) everyone. if we do not, we risk a violent revolution of the proletariat over the bourgeioses.
and i'm using marxist terms here for a reason. few people today realize how close we were to a marxist revolution in the US in the 30's. FDR's programs insured that it would not happen, not then, not ever.
and frankly, its a small price ot pay for the capitalistic freedom we have, as well as the non-existence of violent revolt.
it was meant to insure a minimum subsistence level, and to be without risk.
>or insurance against health accidents...
actually, that is precisely one of the things it was meant for. if the main salary maker were to be stricken with illness, the family would not become destitute due to misfortune.
however, i am for means-testing social security. i have relatives that have absolutely no need for the money, yet are collecting.
unfortunately, i havent found a printer refill ink brand that comes close to the quality of authentic canon ink. i'm talking about printing pictures here, and the colors are just a touch off, and they fade extra-quick with refill ink.
so, as the previous poster asked - what brand are you using?
i've never really seen a good reason to refill my i850 tanks, as the print quality is amazing, and the cost-per-page is ridiculously cheap, compared to every opther printer with this type of quality.
funny, netflix doesnt assume that i want to keep and own a movie, even if i keep it out a month, or two
blockbuster has always been in the screw the customer over camp, and i avoid using them like i avoid eating at mcdonalds, and shopping at walmart.
for instance - blockbusters rentals are 3 days/2 nights, but because of the way they define nights, days and rental periods, they are effectively one-day rentals.
blockbuster is scum, and it would be an absolute shame if they managed to buy hollywood, or put netfdlix out of business.
volvo's and audi's both have absolutely terrible long-term reliability ratings. if you wanted to make the "it pays in the long run" argument, buy a toyota or honda, or their medal-branded lexus and acura lines. these will last forever.
there are a couple of american car models that can claim a similar reliability stat, but there are exactly ZERO euro-cars that come close to any of the japanese manufacturers reliability.
and as for the "safety" bit with volvos, that hasnt been true for a long time. these days, honda and toyota are where safety is best, again with a couple american cars thrown in.
Slashdot Mirror
but you typically leverage that 37,000 by a factor of 5, so while you would "only" be making 4% on the house, its compounding for the entire value. you would need to pull 20% in a bank account.
of course, the problem with real estate is that its not very liquid. at all.
balance, is our friend. stocks, real estate, and bonds when the interest rates go back up.
except you are missing the whole "bonds" oprtion of the cycle.
at some point, interest rates will rise. at one point during the 80's, you could have bought TBills paying 18%. Riskier credit vehicles were paying nearly 30%.
and i gotta tell ya - if you can guarantee me 18%, tax-free, i'll eat ramen noodles just to invest as much as i possibly can.
you call the period from 86-88 a "minor blip" ???
wow.
look man,
i know a few people who are self-made millionaires, and none of them would be satisfied if they ust kicked back and relaxed for the rest of their lives. there is a deep fire within this type of person that pushes them to constantly challenge themselves and excel in socially accepted ways.
i work for one guy that i *know* is financially secure, and yet is working 12-16 hour days, 5-7 days a week, hacking god-awful crap, because he loves the damn job.
if you would really be content to sit on an island somewhere, coding and plucking your guitar, whilst sipping margaritas,you probably dont have the drive to make it happen.
silly paradox and all that.
you're funny.
the founders absolutely, positively need to be scrounging for every penny that they possibly can. people should be working of of fold-up desks.
your "server" should be a high-end PC, as cheap as you can find, without sacrificing an undue amount of time.
secretaries? what the hell are they? maybe, MAYBE you get one receptionist for the entire office, but not likely.
no, there are no free lunches.
you pool money for coffee.
everything needs to be squeezed as much as possible, and then more.
if you are the type of person that would stop working if you got a couple million, chances are you dont have the drive to make those couple million.
the harvard mba is crap...
harvard undergrad, is wonderful, but not the mba.
kellog, wharton, northwestern, stanford, ucla, mit, yale, and a couple others.
but not harvard.
but i thought that nobody would want to give up control over their own machine, and data?
you can ignore the inherent crappiness of a hierarchical filesystem with a good-enough search technology.
so, if this is the renaissance, when was the first big-time for thin clients?
you make the marketting guys the SCRUM Master.
my personal philosophy has been to plan for the worst, but work for the best: fortune favors the prepared.
i'm also a realist that many people simply dont have the tools to succeed, whether thru genetics, life situation, or plain laziness. you gotta make sure that they are comfortable enough that their current life is more comfortable than giving their life for a charismatic leader's cause.
it is a balancing act. marx doesnt work, but neither does rand.
my concerns regarding the non-saving culture of the US is that we have not been this involved in a consumer driven economy since the 1920's. Keynesian Government programs need to come to the forefront, and relieve pressure on the american consumer.
the disabled also use social security, as my sister is, and is using my fathers benefits.
my father used ss whgen my grandfather died when he was 19. which was the only way he made it through school.
FDIC is another one of FDR's programs to guard against another depression, as with welfare, medicare and social security. i'm certain that the repubs will be after the FDIC as soon as their done dismantling SS.
stated in a nutshell, society must provide a subsistence level safety net that catches (theoretically) everyone. if we do not, we risk a violent revolution of the proletariat over the bourgeioses.
and i'm using marxist terms here for a reason. few people today realize how close we were to a marxist revolution in the US in the 30's. FDR's programs insured that it would not happen, not then, not ever.
and frankly, its a small price ot pay for the capitalistic freedom we have, as well as the non-existence of violent revolt.
sorry about the name calling.
and you're called ignorant.
how does this solve the problem of the disabled? how is this a guarantee? how does this solve the problem of early parental death?
can you design an insurance progrtam that guarantees a subsistence lifestyle for everyone, regardless?
well...
>.it wasn't meant to be a retirement account...
it was meant to insure a minimum subsistence level, and to be without risk.
>or insurance against health accidents...
actually, that is precisely one of the things it was meant for. if the main salary maker were to be stricken with illness, the family would not become destitute due to misfortune.
however, i am for means-testing social security. i have relatives that have absolutely no need for the money, yet are collecting.
but the x protocol still goes through the transport layers, even if it isnt over the wire.
the biggest strength of x, the separation of display and communication layers, is also its bigges weakness.
well... e has a tendency to be quite resource-intensive.
not that kde or gnome can claim better these days.
what do you mean, in practice, not as much?
social security is a beautiful program that has been incredibly successful. whats not working with it?
unfortunately, i havent found a printer refill ink brand that comes close to the quality of authentic canon ink. i'm talking about printing pictures here, and the colors are just a touch off, and they fade extra-quick with refill ink.
so, as the previous poster asked - what brand are you using?
i've never really seen a good reason to refill my i850 tanks, as the print quality is amazing, and the cost-per-page is ridiculously cheap, compared to every opther printer with this type of quality.
2-3%? if thats all your making, then i agree with the other poster; go with a no-load index fund, you'll probably (over time) hit 12% annually.
you should be able to hit 15-17% annually with minimal work by yourself, though.
funny, netflix doesnt assume that i want to keep and own a movie, even if i keep it out a month, or two
blockbuster has always been in the screw the customer over camp, and i avoid using them like i avoid eating at mcdonalds, and shopping at walmart.
for instance - blockbusters rentals are 3 days/2 nights, but because of the way they define nights, days and rental periods, they are effectively one-day rentals.
blockbuster is scum, and it would be an absolute shame if they managed to buy hollywood, or put netfdlix out of business.
good lord.
volvo's and audi's both have absolutely terrible long-term reliability ratings. if you wanted to make the "it pays in the long run" argument, buy a toyota or honda, or their medal-branded lexus and acura lines. these will last forever.
there are a couple of american car models that can claim a similar reliability stat, but there are exactly ZERO euro-cars that come close to any of the japanese manufacturers reliability.
and as for the "safety" bit with volvos, that hasnt been true for a long time. these days, honda and toyota are where safety is best, again with a couple american cars thrown in.
so, you're saying that we should expect growth similar to utility and mature businesses out of microsoft?
if thats true, then they're already dead.
the real test is if they are going to be forced to fight the browser wars again.
if firefox forces microsoft to move the IE team out of the dungeon, and into the spotlight again, its over.
in a war, if you fight multiple battles over the same territory, you will lose.