Financial reviews

[TJ Hooker]

It's that time of the year again, where we review our review of our finances.

How often are you reviewing these days?

Discuss.

Click to read more...

 

[John Price]

Only on the weekends

 

[CycloneLaunch]

It's summer time so I tend to review them more frequently at the moment

 

[holy]

I spend most of my money on hookers, so I don't have much time to review.

 

[HisIceness]

I found a $5 the other day and decided to spend it on a quarter pounder meal from McDonalds.

 

[TJ Hooker]

I spend most of my money on hookers, so I don't have much time to review.

 

[holy]

No, seriously, it's become quite the problem. I don't have any money for Christmas gifts for my loved ones and I feel so empty inside.

 

[Jot]

Inflation is a TAX that we have no control on. Caused by Fractional Reserve Banking, Federal Reserve; printing money out of thin air to pay debts, which the politicians put us in.

Prices of everything is going up faster than an average jobs increase in paycheck. Percentage wise.

Managing Finances is the out most Priority.

Simple Rule:
Put your money in assets that appreciate in value over long term.
not....
Put your money in assets that depreciate in value over long term.

Its unfortunate, but majority of a persons paycheck goes into depreciating assets/expenses long term. No wonder people are having trouble retiring.

 

[Club]

Stupid thread

 

[LarryFisherman]

net neutrality issues will likely curb my financial reviews

 

[LarryFisherman]

like, I don't wanna pay $15/mo just to empty my accounts

 

[Havre]

Inflation is a TAX that we have no control on. Caused by Fractional Reserve Banking, Federal Reserve; printing money out of thin air to pay debts, which the politicians put us in.

Prices of everything is going up faster than an average jobs increase in paycheck. Percentage wise.

Managing Finances is the out most Priority.

Simple Rule:
Put your money in assets that appreciate in value over long term.
not....
Put your money in assets that depreciate in value over long term.

Its unfortunate, but majority of a persons paycheck goes into depreciating assets/expenses long term. No wonder people are having trouble retiring.

Why would anyone on purpose invest in a depreciating assset?

 

[Jot]

Why would anyone on purpose invest in a depreciating assset?

Think about where every person paycheck goes. Im saying by default, unconsciously, we've all become consumers of products. Unconsciously we are putting are money in depreciating assets.

We have to be more conscious about our money, and plan ahead of time.

 

[John Price]

I found it more difficult to review finances since some of my websites I'd been using to review them have been under heavy scrutiny / had their accounts removed. But I think things are more stable in the market now

 

[Havre]

Think about where every person paycheck goes. Im saying by default, unconsciously, we've all become consumers of products. Unconsciously we are putting are money in depreciating assets.

We have to be more conscious about our money, and plan ahead of time.

Consuming a product isn’t exactly the same as investing in a depreciating asset.

Not to mention many appreciating assets are appreciating because others are consuming products.

 

[LarryFisherman]

this was a mistake

 

[John Price]

Yes, I guess you can call management of financial assets self-pleasure.

 

[Ceremony]

Which previously banned user is holy?

 

[LarryFisherman]

Which previously banned user is holy?

embrace the recycle

 

[Jot]

Consuming a product isn’t exactly the same as investing in a depreciating asset.

Not to mention many appreciating assets are appreciating because others are consuming products.

Agreed.

Lets change the vocabulary. Investing = Spending money.

Where are we all spending our money? Some expenses are unavoidable like Tax/Groceries/Gas/ Basic Needs expenses.

After that we spend money on our desires. We don't prioritize our short term and long term financial goals.

Warren Buffet says "Spend what is left after Saving"

What i'm basically saying is, building a strong financial future has to be done on purpose, planning ahead, starting early, keeping discipline, and understanding the importance.

 

[holy]

Which previously banned user is holy?

Honestly, I'm flattered, but I'm taken. And I don't swing that way.

 

[Cheese Wagstaff]

I try and check my IRA before bed every night. Sometimes I can't sleep though and an hour later I'll give it another quick review.

 

[John Price]

I try and check my IRA before bed every night. Sometimes I can't sleep though and an hour later I'll give it another quick review.

Lol.

 

[LarryFisherman]

I try and check my IRA before bed every night. Sometimes I can't sleep though and an hour later I'll give it another quick review.

good alt

 

[John Price]

I recently was reading reddit and i received some very disturbing information which i wish to make this community aware of.

This information theorized that regular financial review was directly responsible for hair loss. Many people said when they stopped reviewing their finances, they witnessed amazing regrowth of hair.

When I received these startling facts it made me reconsider my habits. Is there any truth to these rumors?