Posted on 12/31/2015 10:33:56 AM PST by MtnClimber
Here's how to spend, invest, and save wisely.
For Americans, money is one of the leading causes of stress. It’s no wonder then, that better improving our financial habits is a top resolution for 2016. But holding true to that commitment can be incredibly challenging. While financial planning can be a complicated task, let's break down some of the best ways for you to make progress on your money in the year ahead.
(Excerpt) Read more at fortune.com ...
I did a word search for ‘ammo’ and ‘ammunition’ and they were not found in the article. I don’t know what Fortune thinks “smartest” means, but it’s not what I think it means.
I had a conversation over Christmas with a relative and we both concluded that the best thing we can do with our money is to spend it. Saving is for suckers anymore. You’ll just be penalized when you retire as being one of the “wealthy” whereas if you live the good life and spend everything, you can scream for your handout just like everyone else.
A good ammo supply and more than one firearm per caliber would be good goals to add.
Do the math.
10%? like what?
Yes.
When your adult “kids” ask for a loan, tell them NO.
And never, ever co-sign a loan with them. I learned this the hard way.
I have no debt. My car and house are paid for. Credit card bills get paid in full each month. I’m retired, single and live comfortably on a small pension and social security and still manage to save a little each month. And by the time I croak, there won’t be anything left to pass around.
Call me what you will (stingy, tight, frugal, boring), I don’t give a crap. I’ve had it with my entitled, lazy brats who think I owe them a free ride. Happy New Year.
Buy guns and ammo. And food, fuel, and toiletries. And gun cleaning supplies. And spare parts for your guns. Don’t forget the ammo, and spare magazines. You see where I’m going with this, don’t you?
Good for you.
We are in a similar situation financially.
We never over spent on things, but bought within our means.
Which meant a house that needed some work and used cars.
But the house is being dealt with on an as can afford basis, and we keep a good eye on the cars and prevent any major catastrophes.
Good advice.
I do see...When my grandsons ask me where they should invest their money, I always recommend “precious metals”...Like Lead, copper and brass for instance...
I’m with you. I got a few $ as Christmas gifts from relatives who didn’t know what to get me. Perfect. I ordered some M855 yesterday... ;-) Sure it was a bit more expensive than the M193 (got some of that too) - but I want it mostly just to cheese-off liberal hand-wringers and bed-wetters. Yeah, I have ammo with a LAP (light armor piercing) designation, p*** off! ;-)
Santa brought the boys and I a pistol grip home security pump shotgun and 2 boxes of 00 Military grade buckshot!
Wonder what we’ll get for 2016?
I like that idea. Mostly because it is an excuse to save up for another 1911. I know, I know... There are probably other 45s that are arguably "better" or more reliable (not going to start that religious war). I will admit I simply like 1911s, the look, the feel, the fun dis-assembly (with what other firearm can you shoot the little spring cap across the room? ;-)... Sadly, the one 45 we have is a full size 1911 that well, technically is my wife's...sigh
I agree. I have 3 1911s.
I live in Georgia, which is a very good place to live if you’re pro 2nd Amendment. I also live about 40 minutes from Atlanta, which is not a very good place to live if the EBT cards stop working. I’m trying to sell a Mak-90. I looked at different gun auction sites and saw what just the guns were selling for then I offered mine for a bit less and to sweeten the deal I threw in extra magazines and over 500 rounds of ammo. Not one response. So the economy is a lot worse than advertised or not that many people care about their safety in a SHTF situation. I guess they’ll just call the police.
” at least six months of take-home pay in a high-yield savings account, where you can earn interest but still have easy access.”
The article is good advice and young people need to read and heed it, which they don’t and won’t. But it must have been written thirty years ago for use today. There is no such thing as an easy access, high-yield savings account. A ten thousand dollar money market account today will pay maybe two dollars a year in interest. That’s not high-yield, that’s “I yield.”
I work with someone who claims to be a moderate, but was a proud 0bama voter. Would not vote for Romney because he is rich. He says he will save as little as possible for retirement. Typical liberal.
Our preference is the Dave Ramsey plan - pay off all your debt.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.