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Old 04-17-2015, 12:43 PM   #61 (permalink)
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I used to see Galt posts and skip them because of the length, but now I read 'em. Good stuff dude I'm glad you're passionate and have a flair for cursing rappers would be jealous of.
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Old 04-17-2015, 12:51 PM   #62 (permalink)
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I hear he's a huge fan of Rev. Al...


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Old 04-17-2015, 01:00 PM   #63 (permalink)
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[COLOR="RoyalBlue"]Excuse me, but we prefer the term "processed". Ever see the Carlin bit about how we use language to disguise shit? Priceless.

BTW you unabashed hypocrite... what the fuck are your shoes and boots made of? Haven't seen anybody marketing steel toed hemp work boots as of yet. It's cool to kill a pig for a sweet looking jacket or pair of shoes, or some dumb cow for a coat or some loafers, but killing one to eat and sustain life is an inferior ethical position to killing one for comfort and/or fashion?

Most surgeons train on pigs, both alive and dead, so that they aren't as likely to fuck up learning on us. Submucosa of the small intestine, heart valves, and pig pericardia are frequently used to put human beings together again. Insulin and Heparin are derived from pig parts. Wound closures, skin grafts, and intestinal resections often use pig parts to help get the job done. Got antifreeze in your Smart car? Does the old lady wear make-up? How about kids, you got a problem with kids using crayons or chalk? All pig products.

Like Jello, or how about marshmallows in your hot chocolate? You got a beef with American Indians, 'cuz tallow is a prime constituent in pemmican? Bar and high end shaving soaps, candles, acid resist in printing, soldering flux, and bio-diesel, all heavily dependent on the use of rendered animal fats. Mickey Dee's, in response to pressure to eliminate saturated fats from their much beloved french fries, replaced their beef tallow based shortening with a mixture of much more poisonous hydrolized wheat and carcinogenic A1 milk proteins... but hey, it's just fried potatoes so they don't count right?

I'm all for eating healthy, and I can take a joke, but the idea of any vegan claiming some sort of moral high ground is as delusional as it is total bullshit... but somethin' tells me you already knew that.
Do your fingers get tired? Jesus Christ you are one long winded mother fucker and I mean that with utmost respect.

I don't have any clothing or shoes made out of animal products. Even my workboots are tennis shoe style. I even made a point of not buying leather saddlebags for my bike. I certainly can't avoid dead animal products but I do make the effort to avoid them as much as possible. But I do know you can sustain your life without eating pig.

And you know I wasn't being serious concerning Shadow. I even made a point in a prior thread how I wished all animals used for food were raised like you and Shadow raised yours. But God Damn it, let my pigs live.
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Old 04-17-2015, 06:01 PM   #64 (permalink)
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Is there anyone in politics you don't hate?
Ah, no.

If I could learn to just accept the crap that came out of their mouths and not be consumed by this need to know the truth I'd be fine I guess, but alas...

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I used to see Galt posts and skip them because of the length, but now I read 'em. Good stuff dude I'm glad you're passionate and have a flair for cursing rappers would be jealous of.
Yeah, there ain't much I don't have an opinion about. And if I care enough to have an opinion about something, it's probably gonna be pretty... ah, distinct?

If I can't educate or persuade I hope to at least entertain, plus like I've said before, this shit really is therapeutic. If it weren't for you miscreants and malcontents to sound off of I'd have been atop a clock tower with a high powered rifle a long time ago. I think it's like some weird form of autism or something. I feel like I've got vision and the rest of the world's wearing bifocals. Insufferable ain't it?

Pity my wife and kids.

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I hear he's a huge fan of Rev. Al...


You mean Bundy right?

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Do your fingers get tired? Jesus Christ you are one long winded mother fucker and I mean that with utmost respect.

I don't have any clothing or shoes made out of animal products. Even my workboots are tennis shoe style. I even made a point of not buying leather saddlebags for my bike. I certainly can't avoid dead animal products but I do make the effort to avoid them as much as possible. But I do know you can sustain your life without eating pig.

And you know I wasn't being serious concerning Shadow. I even made a point in a prior thread how I wished all animals used for food were raised like you and Shadow raised yours. But God Damn it, let my pigs live.
You know I love ya man.
I' sure you do what ya can to direct those animal hide dollars to petroleum dollars... 'cuz it's ultimately just a slower way to kill everything, and believe me when I say that I do recognize and get depressed by the paradox more and more every day. 'Nother thing is my breeding pigs are sooo fucking cute and friendly that we've taken to making more and more excuses to keep them. Of course I still have culls, but I was thinking of reviving an infamous National Lampoon magazine cover of old,
only with a swine theme:

"Two Grand or the Pig Dies"
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Old 04-17-2015, 06:36 PM   #65 (permalink)
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Okay Galt. I read that.

And to the rest of you degenerates, you thought I was full of shit when I said .8g=1g. Seems like Kraft and the government would agree with me.

Check and m8.
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Old 04-17-2015, 07:00 PM   #66 (permalink)
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Okay Galt. I read that.

And to the rest of you degenerates, you thought I was full of shit when I said .8g=1g. Seems like Kraft and the government would agree with me.

Check and m8.
context?
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Old 04-17-2015, 07:34 PM   #67 (permalink)
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Do your fingers get tired? Jesus Christ you are one long winded mother fucker and I mean that with utmost respect.

I don't have any clothing or shoes made out of animal products. Even my workboots are tennis shoe style. I even made a point of not buying leather saddlebags for my bike. I certainly can't avoid dead animal products but I do make the effort to avoid them as much as possible. But I do know you can sustain your life without eating pig.

And you know I wasn't being serious concerning Shadow. I even made a point in a prior thread how I wished all animals used for food were raised like you and Shadow raised yours. But God Damn it, let my pigs live.
I have the same philosophy about sobriety. Things have gotten better for vegans in just the last decade or so. Fucking skittles used to be made with gelatin. Not anymore. And more people are doing it with more awareness, great.

I'm sick of people ragging on vegetarians. We don't need more people eating meat. It's the most energy consuming food to produce. I'm all for higher taxes on meat products.
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Old 04-18-2015, 04:19 AM   #68 (permalink)
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context?
It was like the 7th paragraphin Galts response to me.

I'm not going back in there, feel free to look for yourself.
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Old 04-18-2015, 05:01 AM   #69 (permalink)
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galt what do you think is the best strategy to save for retirement?
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Old 04-18-2015, 06:43 AM   #70 (permalink)
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It was like the 7th paragraphin Galts response to me.

I'm not going back in there, feel free to look for yourself.
Sorry... I'm gonna have to start referencing paragraph, section, and article numbers.

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galt what do you think is the best strategy to save for retirement?
That's extremely variable, depending upon your individual wants and needs, but start with the needs and decide how many of the wants are really necessary, then start kinda working backwards from there.

I like to build and grow and make shit, and so does my wife and son, so we pretty much geared everything toward being able to continue doing that. The biggest bugaboo for me was the issue of eliminating debt. We had a lot of kids and continuing obligations (braces, private schools, cars, college, weddings, medical challenges, etc.) so it always felt like I was always struggling to make ends meet, but I did manage to make a few good investments along the way that were unique to their time. In hind site I'd say that if you finance it properly real property is still the king. It is as they say, the only thing that they aren't making any more of.

Warren Buffett advised buying farm land about half a decade ago, and I understand he still is. Resource wise food and water are likely to become scarcest necessities of the future, so I'd say find some cheap rural land with good ground and surface water, and not too many rocks. Pretty much anything down through the Appalachians is gold. Meanwhile borrow as much money against your primary residence as possible, at the lowest interest rate possible, for the longest term possible. By the time you get a third of the way into a 30 year mortgage the value of the dollars that you are using to make payments will probably be less than half of what they are right now, so it's the bank and not you that takes that devaluation in the ass... plus you get a sweet tax write deduction, and you're building tax free equity.

DO NOT fall into the trap of refinancing, and especially stay the fuck away from any kind of short term debt and credit cards. Car loans are bullshit, and the best buy you can get is always gonna be cash for a 2-3 year old vehicle from a private owner. Stay away from the dealerships. They make more profit from the financing of their cars than they do from the actual sale.

If you don't own your own home then build one. It's complicated, and takes a lot of commitment, but I helped my 30ish neighbor with four kids build his and he's got $20k to pay off for ten acres with a 2,800 sq. ft. energy efficient McMansion. Too big in my mind, but his kids are still young, and he's got older family that'll probably end up living there after the kids are gone, but that's exactly the kind of lifestyle decisions and guestimating that's required to hit the bullseye and not cause you to waste effort or dough between here and there.

If you're a DIY kinda guy, and I sense that you are, then investing in quality tools (not shit with engines necessarily, 'cuz they are often just a maintenance PITA, however helpful when ya need 'em) is always sound. Hit auctions and estate sales to stretch your dollars at someone elses expense. We buy nearly nothing new.

If you're young enough, and physically fit enough, a wooded parcel on the east side of the Shenandoah is better than gold. Learn to weld and build yourself a small bandsaw mill. Everything that you need from stones for a foundation, to timber for framing, siding, furniture, tools, wagons, boats, you name it can all be had for the price of your time and labor. We use modern insulation, but always buy it or source it from chicken houses and animal confinement buildings that are being torn down. Costs less than half what new is, and it's still perfectly serviceable. Might require a little foil tape on the seams, and a little spray foam in the corners, but you cover it all up anyway so who cares.

A good set of tools and a well equipped shop has been my best investment thus far... that and knowledge. Learn to weld, do electrical and plumbing work to code, carpentry, farming or gardening, animal husbandry, how to sew, and maybe some more specialized shit from the past, like smithing and leather/tanning work. The future may have lots of I-fuck 30's implanted in your skull, but the number of folks that can actually DO is shrinking rapidly. The shit may not hit the fan for a long time to come... but that doesn't mean you can't enjoy a better quality of life by becoming self sufficient 'til then. Go to a hog killin' this Fall (and maybe invite ric). If you're anywhere near the tidewaters buy or build a little skiff and learn to fish and crab. Hone your hunting skills and learn to trap.

For every dollar that you don't dump into the consumerist trap you reduce the amount that you have to earn to live by at least two. Make that your mantra wherever you go and whatever you do. Quit smoking if ya do, swear off all fast food and carry out. Learn to cook and bake and make from scratch. Maybe buy a goat and try your hand at making cheese. Quality, nutrient dense food production is a definite growth sector... and it pays cash.
We call it possum living, and although we don't really practice it fully, we have plenty of neighbors that certainly do. They do just enough, and know how to get barely by on little or nuthin'. Like I said, it's different for everybody.

Think of your retirement this way. If you have plenty of good food to eat, and clean water to drink, and a warm dry place to lay your head, how much more do you really need? Once you decide that it's pretty simple to make the money to acquire those wants and needs, step back from the madness, and start to really live. One of my first and truist tests that I had "made it" wasn't when I made my first million (which I promptly lost, and then made again... and then lost, and mostly made again...). It was the first day that I got to sleep 'til I wasn't tired. How fucking simple does that sound? Well lemme tell ya, after raising five kids and running our asses ragged for 30 years that moment was a major epiphany.
Now I pretty much get to do that every day.

I have chores, but if I just wanted to sit on my ass and have someone else do it I could probably get away with that too 'cuz I can build shit in my shop that I can barter and trade with or sell outright if and when I feel like it. It's more about setting things up to allow you to continually be able to make choices, rather than killing your spirit under the weight of a life just doing shit 'cuz ya have to, and you don't really have to be wealthy to accomplish that, but you do have to have a plan. Plan the work and work the plan. Stay flexible enough to adapt and overcome whatever changes come your way, but keep the overall focus on getting to that place where you can tell the world to kiss your ass. It's incredible!

It's called paying yourself first.

Other than that, I pulled all of my money out of the market years ago, converting most of it to precious metals. The rest is all real property, property improvements, tools, equipment, and animal breeding stock.
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Old 04-18-2015, 08:35 AM   #71 (permalink)
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Warren Buffett advised buying farm land about half a decade ago, and I understand he still is. Resource wise food and water are likely to become scarcest necessities of the future, so I'd say find some cheap rural land with good ground and surface water, and not too many rocks. Pretty much anything down through the Appalachians is gold. Meanwhile borrow as much money against your primary residence as possible, at the lowest interest rate possible, for the longest term possible. By the time you get a third of the way into a 30 year mortgage the value of the dollars that you are using to make payments will probably be less than half of what they are right now, so it's the bank and not you that takes that devaluation in the ass... plus you get a sweet tax write deduction, and you're building tax free equity.
What does it mean to borrow money against your residence? I'm assuming its taking loans with home/property as collateral? I'm a bit confused. I've been hesitant to get in to the housing market until I can make a sizeable down payment and have decided on an area that I really like.

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DO NOT fall into the trap of refinancing, and especially stay the fuck away from any kind of short term debt and credit cards. Car loans are bullshit, and the best buy you can get is always gonna be cash for a 2-3 year old vehicle from a private owner. Stay away from the dealerships. They make more profit from the financing of their cars than they do from the actual sale
The only time I use my credit card, from the credit union, is for mundane purchases which I usually pay off immediately. It's nice to have for emergencies that might extend beyond the scope of the emergency cash that I sit on. I try to never let my balance go below 1500 and even still I'd probably swipe the card after 50% of that is spent on whatever hypothetical emergency I have. Also bought a used car maybe 2.5 years ago, and got a loan for that. 08 Civic with like 35k miles at the time for 13000, only owe 1300 on it now and its only up to 45-48k miles. I originally had a 4 year loan at ~7% interest, but like I previously indicated I'll be out of that a year+ early. I figured if I rushed the payoff I may be able to avoid some interest and also be able to reduce my insurance coverage from the ~150/mo full coverage price. However after witnessing how terrible the drivers in this area are, especially in the rain, I'm not so convinced that I want to get rid of full coverage. Mostly because its a 7 year old car in perfect working order, and the payoff from a totalling wreck would probably land me 50% AT BEST of what it's actually worth. (it's real worth as a perfectly functioning paid-for vehicle and its forcasted lifespan is pretty hard to put a price on).

Anyways at the start of that loan my credit rating was 660 or so but since then, and with the addition of responsible CC use, I'm up to 730 or so which is pretty damn cool. Also in this time some stupid mistakes from my early 20's have vanished from my report. I totally didnt understand paying bills at that age and thought that if I didnt have the money i was totally fucked, I had no idea how easy it is to negotiate with companies over such things. I recently was able to pay 5,700 for a 10,000 dollar medical bill this past year because i've gotten so much better at negotiating, as well as understanding the power of cash in peoples faces.

So I wouldn't be so quick to go against credit cards and car loans, granted their a salesmans paradise for the sucker, they still can be used responsibly. This has all been a part of my plan to establish awesome credit by my 30's and be in a much better position to buy a house/land.

Quote:
Originally Posted by Galt
If you don't own your own home then build one. It's complicated, and takes a lot of commitment, but I helped my 30ish neighbor with four kids build his and he's got $20k to pay off for ten acres with a 2,800 sq. ft. energy efficient McMansion. Too big in my mind, but his kids are still young, and he's got older family that'll probably end up living there after the kids are gone, but that's exactly the kind of lifestyle decisions and guestimating that's required to hit the bullseye and not cause you to waste effort or dough between here and there.
I'm strongly considering buying the land first then living in a camper/trailer/shanty until I can construct a house the way I want to.

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Originally Posted by Galt
If you're a DIY kinda guy, and I sense that you are, then investing in quality tools (not shit with engines necessarily, 'cuz they are often just a maintenance PITA, however helpful when ya need 'em) is always sound. Hit auctions and estate sales to stretch your dollars at someone elses expense. We buy nearly nothing new.
Almost all my tools are inherited from my grandparents and parents. I figured the stuff that has lasted that long is in good position to last a lot longer. In addition to that whenever I buy power tools I usually aim for factory refurbished. I'm also still trying to find broken dewalt tools that people will sell very cheap, because my employer will pay to have broken tools refurbished. I actually pulled a 4" 18v trim saw out of the trash (at work) and handed it to the HR lady who sent it off and a week later I had a brand new tool. Too bad I'm nearly out of the 18v nicad game. Those batteries were never good with temperature changes.

Quote:
Originally Posted by Galt
If you're young enough, and physically fit enough, a wooded parcel on the east side of the Shenandoah is better than gold. Learn to weld and build yourself a small bandsaw mill. Everything that you need from stones for a foundation, to timber for framing, siding, furniture, tools, wagons, boats, you name it can all be had for the price of your time and labor. We use modern insulation, but always buy it or source it from chicken houses and animal confinement buildings that are being torn down. Costs less than half what new is, and it's still perfectly serviceable. Might require a little foil tape on the seams, and a little spray foam in the corners, but you cover it all up anyway so who cares.
Real deal welding is high on my list of skills to acquire. I have the resources just need proper training and time. I'm hoping I can be shown during a slow period at work. Next week I will have the opportunity to get my hands on a steel erection (giggity) job. Sorta pissed at it being thrown in my lap the way it is, but getting the experience will be pretty cool. Plus it's all fastening, no welding. I'm wondering if my cordless 1/2" impact will deal with that kind of abuse, or if I'll need to break down and use a corded or even a pneumatic. The bolts are 3/4 in size, so that puts the heads somewhere between 1" and 7/8" maybe 15/16"? Not sure about that but it might be fun.

Quote:
Originally Posted by Galt
A good set of tools and a well equipped shop has been my best investment thus far... that and knowledge. Learn to weld, do electrical and plumbing work to code, carpentry, farming or gardening, animal husbandry, how to sew, and maybe some more specialized shit from the past, like smithing and leather/tanning work. The future may have lots of I-fuck 30's implanted in your skull, but the number of folks that can actually DO is shrinking rapidly. The shit may not hit the fan for a long time to come... but that doesn't mean you can't enjoy a better quality of life by becoming self sufficient 'til then. Go to a hog killin' this Fall (and maybe invite ric). If you're anywhere near the tidewaters buy or build a little skiff and learn to fish and crab. Hone your hunting skills and learn to trap.
Electrical, plumbing, irrigation, carpentry, framing, got it. To code? I knew you were a government shill. I knew it.

Sewing and gardening I'm with too just less experienced. When i started my labor job I used to patch my jeans just to save money since holy jeans are considered a 'hazard' or when my crotch seam ripped it was 'indecent'. whatever.

Ive also dabbled in butchering and grew up hunting and fishing. Never enjoyed hunting itself as much as I enjoyed hanging out with my dad. Same with fishing. He's always carrying on about going hog hunting. It just doesn't appeal to me, but I understand why you're suggesting it.

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Originally Posted by Galt
For every dollar that you don't dump into the consumerist trap you reduce the amount that you have to earn to live by at least two. Make that your mantra wherever you go and whatever you do. Quit smoking if ya do, swear off all fast food and carry out. Learn to cook and bake and make from scratch. Maybe buy a goat and try your hand at making cheese. Quality, nutrient dense food production is a definite growth sector... and it pays cash.
We call it possum living, and although we don't really practice it fully, we have plenty of neighbors that certainly do. They do just enough, and know how to get barely by on little or nuthin'. Like I said, it's different for everybody.
My biggest obstacle right now is having the patience to cook. I've had some great streaks of preparing lunch for the week on sunday and actually bringing it with me to work. I've been doing fast food for a while though. It's just so easy and satiating. All the salt and fat is like a drug. It's also a decent time to socialize with guys at work. Other than that I'm pretty good at not impulse buying and staying away from consumer traps. Those things actually piss me off more than anything. My cell phone is provided and paid for by my job, same with laptop and even the truck I use. Besides that, I bought a used pistol the other day... Can't think of the last bullshit I bought that wasn't somehow useful to my life in a meaningful way. Hell I can't stand my fucking furniture but I also can't stand the idea of buying something more comfortable and aesthetically pleasing while the stuff I already have technically functions just fine.

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Originally Posted by Galt
Think of your retirement this way. If you have plenty of good food to eat, and clean water to drink, and a warm dry place to lay your head, how much more do you really need? Once you decide that it's pretty simple to make the money to acquire those wants and needs, step back from the madness, and start to really live. One of my first and truist tests that I had "made it" wasn't when I made my first million (which I promptly lost, and then made again... and then lost, and mostly made again...). It was the first day that I got to sleep 'til I wasn't tired. How fucking simple does that sound? Well lemme tell ya, after raising five kids and running our asses ragged for 30 years that moment was a major epiphany.
Now I pretty much get to do that every day.
Fucking hard to imagine having 5 kids and still at any point having that kind of money. Hard to imagine even having one or two. What the hell did you do exactly? But I guess you were in a different time. Fucking blows my mind that my father earned 50% more than me at my age, and at that time the money was way way more valuable. It's really hard to fathom.

Eitherway, that is a good way to look at it.

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Originally Posted by Galt
Other than that, I pulled all of my money out of the market years ago, converting most of it to precious metals. The rest is all real property, property improvements, tools, equipment, and animal breeding stock.
Ron Swanson, dat you?
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Old 04-18-2015, 12:12 PM   #72 (permalink)
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I think stoneric is a vegetarian not a vegan but I could be wrong.
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Old 04-18-2015, 12:15 PM   #73 (permalink)
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Holy shit Geeno out Galt-ed Galt!
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Old 04-18-2015, 12:23 PM   #74 (permalink)
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Holy shit Geeno out Galt-ed Galt!
Probably one of the longest posts ive made on yahooka. at least in the last 10 years.

Nah probably most words per post of all time, from me.

Galt is actually worth talking to. Suck it Terry.


(no but seriously i loved NHK, i might watch it again)
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i've struck the absolute perfect balance between gay and smart

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Old 04-18-2015, 12:52 PM   #75 (permalink)
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Originally Posted by Geeno View Post
What does it mean to borrow money against your residence? I'm assuming its taking loans with home/property as collateral? I'm a bit confused. I've been hesitant to get in to the housing market until I can make a sizeable down payment and have decided on an area that I really like.
Your initial purchase , with a minimal down payment could put you into a home for literally as little as 2% down, or if you're a minority, absolutely nuthin'. Being a Vet opens other possibilities as well, and there is also a host of specialized lending programs for folks trying to buy farms or rural land that are very attractive. The main objective however you do it, and wherever you buy, is to get the longest term, fixed rate money that you can, with the absolute LEAST amount of down payment possible. Believe it or not, this actually works to your advantage in many ways. The larger down payment will garner a slightly better rate, but when you compute the time/value of money in the current economy, you're better off owing it... but ONLY in regards to your primary residence because of the income tax implications. There are reasons that rental/investment property can be attractive, but that's Genno becomes a 1%'er 2.0. The stretching out of your loan amortization is intended to make you the beneficiary of inflation rather than its constant victim. The marginally better rate that the extra 5-10% of your purchase price gets you will never save you enough to ever earn back what you loose in inflation and lost short term cash flow. Plus by retaining the additional down payment money the bank won't rate you any better or worse a credit risk because the more you keep, the better your cash reserves for emergencies, and that is an area where a lot of first time home owners fuck themselves, 'cuz they're house poor (big ranch, no cattle).

Mortgages were always seen as the lowest risk loans since the property itself collateralizes it, and traditionally the real property market was very stable and almost always went up (except in urban areas) a rough average of about 2% per year. The market is still awash in foreclosures presently, and we're a long way from fully digesting the toxic mortgages that we paid to bail the "Too big to fail" fucks out of, but most of rural Virginia and North Carolina is a pretty solid buy as long as you stay away from the effects of the more major metropolitan areas as much as possible. They just help pump up prices for so called "convenience" sake, and that actually couldn't be further from the truth.

I'm in the sticks, but I can be at a mall or a big time movie-plex in a half hour if I want to. My taxes are among the cheapest in the State, and we only have two or three sheriff's deputies on patrol on any given day for the entire county (think an area the size of Charlotte), so they don't really bother any one. Medical care is an 30-40 minute drive or more, but I'm a whole lot healthier living in the country. And besides, even when we lived within 10 miles of a major metro area, the traffic was so fucking heinous that it literally used to take my wife sometimes two fucking hours to get home from her job that was just 15 miles from our front door. That's fucking nuts. I'd rather spend half that time driving past cows and corn.

The positive tax implications for you I have no doubt would likely actually save you money just by buying a home... any home. Buy a copy of Turbo Tax or something and copy a 30 year amortization schedule for say $150k mortgage. Take the first year's mortgage interest paid and apply it, along with an assumed couple of grand in deductible closing costs to a hypothetical tax return using this past year's earning statements. Compare your prospective principle and interest payments for that loan to what you pay in rent, then take whatever amount the mortgage deduction saves you at year end and divide that up monthly to deduct from your total out of pocket housing expense, and I think you'll be pleasantly surprised.

Here's another item. Because there are so many vacant properties around, and especially out in the country where there are no obvious jobs, there is enormous opportunity. There's a place I'm still fishing for with the bank where the owners defaulted, but the bank doesn't want to spend the money foreclosing on it. Ten acres with two older weather tight, insulated, 300' chicken houses, beautiful but over grown pastures that are all wel fenced with high tensile wire, the well is sketchy, the septic is likely clogged or failing, and the 100 year old farm house needs a new roof. It was half assed renovated, so there's a new bath room, insulated walls, replacement windows, bare wood floors (old heartwood pine), and passable vinyl siding, so from the bank's standpoint, it's livable but in need of a new roof to address that deficit. Banks are not equipped to manage property, and they don't want to spend a dime more than they have to keeping abandoned places fit, so they do the absolute minimum and pray that it might attract a buyer as is.

Typically you can approach the banks on these deals and search the local lien records yourself. Sometimes a realtor can do it for you (although most are idiots that I don't trust so I do it myself). Do your own title search to make sure there are no unusual encumberances (half a day at the county courthouse, or many are now accessible on line). Find out what the total existing lien is that was defaulted on. Make your initial offer roughly one third to one half of that number. The place I mentioned, with ten acres, the chicken houses, and a two car sized shed, I offered $100,000. They had it on the market two years ago for $250,000. Since my original offer there have been exactly none made by anyone else. The bank's agent that originally blew me right off has been calling for a year now. I won't return their calls because meanwhile their advertised price has dropped a mere $100,000!... and still no takers (it's even more remote than us, and we're pretty remote). I'm sure I could close the deal today for $125K, but now I want to see about taking them even lower, like maybe $90K. Different banks have different pain tolerances in different markets. This is BOA, and they are a venereal wart on Satan's taint, so I especially love fucking with them. Best part is... I don't really give a fuck whether I get it or not. Never let it get emotional. It's just a pile of shit sittin' in a field.

So, if I do get it, for less than $100K, I'll put a new metal roof, siding and probably add a new porch for about $2,000, 'cuz I already own the materials. I split a liquidation sale with a neighbor and bought the entire building supply inventory from a broke ass lumber yard for less than $4,000. That included enough siding and metal roofing for almost six houses, trusses, TJI's and microlams, enough for two or three, and a whole 53' trailer filled with new replacement windows, interior and exterior doors. I fucking love auctions. I have a bud lookin' to retire near us so I'll put him up there 'til he gets his feet under him. Meanwhile he can tend a herd of pastured porkers for us, and help start setting up my new aquaponic prawn and fish experiment in one of the old chicken houses. If he wants to he can stay there forever, 'cuz the pigs will pay us both, with or without the prawns, fish and vegetables.

Many years ago I passed on what I should have done way back when. 150 acres up against the Blue Ridge, south of Fredericksburg. Liveable house, all but 30 acres was 100 year and older mixed hardwood. Didn't have electric, but the old Rural Electrification Act made it available for some ridiculously low amount. Springs everywhere that dumped into a stream, a few old stone foundation out buildings that could be saved, and it was all rough as a cob. I had two kids and one on the way and it was just too much even for my crazy ass right then, but we've regretted it ever since. Hell, the wood alone would have paid the $150,000 mortgage that I'd have needed, and that's where rural land has the biggest advantage. It is generally valued very low, but it's actually the most valuable because it can provide you with a great living. If I was raising pigs and poultry there today I'd be stupid rich, 'cuz all of those over paid turd Feral employees working in D.C. will spend big money to get quality food. Last trip to the Farmer's Market nearby organic free range broilers were bringing $35 a piece. I can breed, raise, process, and package them for less than $4 a piece, so you do the math. Pastured pork brings at least $8 a pound, so even my little pigs will bring $800 - $1,000 a piece as packaged pork cuts. FYI, pigs and chickens on pasture pretty much raise themselves.

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Originally Posted by Geeno View Post
The only time I use my credit card, from the credit union, is for mundane purchases which I usually pay off immediately. It's nice to have for emergencies that might extend beyond the scope of the emergency cash that I sit on. I try to never let my balance go below 1500 and even still I'd probably swipe the card after 50% of that is spent on whatever hypothetical emergency I have. Also bought a used car maybe 2.5 years ago, and got a loan for that. 08 Civic with like 35k miles at the time for 13000, only owe 1300 on it now and its only up to 45-48k miles. I originally had a 4 year loan at ~7% interest, but like I previously indicated I'll be out of that a year+ early. I figured if I rushed the payoff I may be able to avoid some interest and also be able to reduce my insurance coverage from the ~150/mo full coverage price. However after witnessing how terrible the drivers in this area are, especially in the rain, I'm not so convinced that I want to get rid of full coverage. Mostly because its a 7 year old car in perfect working order, and the payoff from a totalling wreck would probably land me 50% AT BEST of what it's actually worth. (it's real worth as a perfectly functioning paid-for vehicle and its forcasted lifespan is pretty hard to put a price on).
Great call on the car, even if you had to finance it, and the make is smart 'cuz cars are just a conveyance, not an investment. All they do is cost and cost some more. The only thing worse is a boat, but they are fun to have.
Didn't understand the bold section. Did you mean $1,500 balance that you carry on your card? That's completely unnecessary, especially since you already have a 730 score (although get your free annual from each of the big three agencies just to make sure they all scored you close to the same - you have to request in writing usually). Once you hit 720+ you can tap out, 'cuz unless you are trying to finance something crazy through the secondary market, you're considered an A+ zero risk credit customer, and anybody will be happy to suck your dick to lend you money,and they should, so don't be bashful about telling them that you know that. They all like to try and make like they're doing you a favor, and that's bullshit, so call 'em on it and walk the fuck out. Whatever they offer, they can always do a little better, so press for at least another quarter off of the rate, but keep a 30 year fixed rate term. NO ADJUSTABLE RATE MORTGAGES... EVER! Unless you're into a much more sophisticated type of real property investing, but that's for later.


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Originally Posted by Geeno View Post
Anyways at the start of that loan my credit rating was 660 or so but since then, and with the addition of responsible CC use, I'm up to 730 or so which is pretty damn cool. Also in this time some stupid mistakes from my early 20's have vanished from my report. I totally didnt understand paying bills at that age and thought that if I didnt have the money i was totally fucked, I had no idea how easy it is to negotiate with companies over such things. I recently was able to pay 5,700 for a 10,000 dollar medical bill this past year because i've gotten so much better at negotiating, as well as understanding the power of cash in peoples faces.
Establish some cash reserves equal to two to three months expenses or more (401K helps, as do IRA's, etc.), but cash is always king. Just don't wait to dump a big pile of it in during the two months preceding your loan app or you'll have to source it for the loan underwriter(s).

There's also a simple trick that folks can use to wipe out even legitimate fucked accounts on their report. To long to detail here, but basically you write a letter to contest every bad entry. Post in an envelope and on letterhead that uses some bullshit name with Esq. after it so it looks like you're a scumbag lawyer. They have limited time to research and respond, by law, so you're playin' a numbers game. Each time ya try it you may get one or two dropped 'cuz they can't vet it fast enough. Immediately try again and again, and eventually you win enough battles that you might win the war to qualify for a conventional mortgage (Fanny & Freddie require a 680 minimum score, FHA is lower, and they'll finance a higher LTV - Loan to value, but they'll also require mortgage insurance that ads to your monthly nut). VA loans are a whole 'nuther animal, so if you're a vet PM me and I can advise.

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Originally Posted by Geeno View Post
So I wouldn't be so quick to go against credit cards and car loans, granted their a salesmans paradise for the sucker, they still can be used responsibly. This has all been a part of my plan to establish awesome credit by my 30's and be in a much better position to buy a house/land.
You're there! Time's a wastin'...
Credit isn't a need, and you definitely shouldn't pay some fuck fees and interest any longer once you've established it.



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Originally Posted by Geeno View Post
I'm strongly considering buying the land first then living in a camper/trailer/shanty until I can construct a house the way I want to.
That is an awesome idea. One that my neighbor wishes he had done (he was renting across the street from where he was building and it added at least a year to his schedule). Saw a 30 some foot goose neck travel trailer at auction last week; two slide outs, four years young, looked brand new, all the bells and whistles for just under $4K. If it's just you ya might never bother to build.

A wife of course will ruin everything


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Originally Posted by Geeno View Post
Almost all my tools are inherited from my grandparents and parents. I figured the stuff that has lasted that long is in good position to last a lot longer. In addition to that whenever I buy power tools I usually aim for factory refurbished. I'm also still trying to find broken dewalt tools that people will sell very cheap, because my employer will pay to have broken tools refurbished. I actually pulled a 4" 18v trim saw out of the trash (at work) and handed it to the HR lady who sent it off and a week later I had a brand new tool. Too bad I'm nearly out of the 18v nicad game. Those batteries were never good with temperature changes.

Again, auctions. They are everywhere, and for my wife at least, sometimes quite addictive. I will say that there hasn't been anything that we have really needed that I haven't seen come up eventually, so a lot of the value is in planning and saving.


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Real deal welding is high on my list of skills to acquire. I have the resources just need proper training and time. I'm hoping I can be shown during a slow period at work. Next week I will have the opportunity to get my hands on a steel erection (giggity) job. Sorta pissed at it being thrown in my lap the way it is, but getting the experience will be pretty cool. Plus it's all fastening, no welding. I'm wondering if my cordless 1/2" impact will deal with that kind of abuse, or if I'll need to break down and use a corded or even a pneumatic. The bolts are 3/4 in size, so that puts the heads somewhere between 1" and 7/8" maybe 15/16"? Not sure about that but it might be fun.
Best cordless is just going to drive ya nuts (nuts... get it? drive ya, like as in ... ya get it right?). The air lines are a PITA, but they are the easiest if ya have enough air and you're working off of a lift. Although, we put up a mess of erector set buildings with nothing but spud wrenches and manual ratchets. Easier to climb and walk beams with, but it depends on the building obviously.

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Electrical, plumbing, irrigation, carpentry, framing, got it. To code? I knew you were a government shill. I knew it.
Yeah... me and the gubmint, we be mates.

Just sayin'... that's the level of competence that you should desire to attain. Most jurisdictions have no issue with permitting licensed work for homeowners that understand the work and can provide that "workman-like manner" that they require. Inspectors are a PITA, but it's better to have than not, and if you borrow construction money, you won't have a choice.


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Sewing and gardening I'm with too just less experienced. When i started my labor job I used to patch my jeans just to save money since holy jeans are considered a 'hazard' or when my crotch seam ripped it was 'indecent'. whatever.
I hear ya. I used to trip over my dick all of the time. Soon enough I guess it'll be my balls next.

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Ive also dabbled in butchering and grew up hunting and fishing. Never enjoyed hunting itself as much as I enjoyed hanging out with my dad. Same with fishing. He's always carrying on about going hog hunting. It just doesn't appeal to me, but I understand why you're suggesting it.
word

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Originally Posted by Geeno View Post
My biggest obstacle right now is having the patience to cook. I've had some great streaks of preparing lunch for the week on sunday and actually bringing it with me to work. I've been doing fast food for a while though. It's just so easy and satiating. All the salt and fat is like a drug. It's also a decent time to socialize with guys at work. Other than that I'm pretty good at not impulse buying and staying away from consumer traps. Those things actually piss me off more than anything. My cell phone is provided and paid for by my job, same with laptop and even the truck I use. Besides that, I bought a used pistol the other day... Can't think of the last bullshit I bought that wasn't somehow useful to my life in a meaningful way. Hell I can't stand my fucking furniture but I also can't stand the idea of buying something more comfortable and aesthetically pleasing while the stuff I already have technically functions just fine.

I am a serious fuck cheapskate. Try this trick. Grab a receipt for every single thing that you buy in the course of a week and just put'em on your dresser or in a coffee can or something 'til week's end. Then add them all up and judge for yourself whether or not it was worth all of the hours that you had to work to pay for it. Ya see that's where most people start to fuck themselves, and it snowballs really, really fast. If I save time here and here, I can work longer and make more money, or whatever, but that never works!
Not only does the fast food/processed crap fuck with your health and drain your wealth, it actually and factually makes you sick and makes it harder for you to think and function. Try a ten day detox. Maybe fast and just drink water and eat raw foods. You'll pass all kinds of shit (there I go again) let your body reset, and a few days in start to find energy you forgot ya ever had.


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Fucking hard to imagine having 5 kids and still at any point having that kind of money. Hard to imagine even having one or two. What the hell did you do exactly? But I guess you were in a different time. Fucking blows my mind that my father earned 50% more than me at my age, and at that time the money was way way more valuable. It's really hard to fathom.

Eitherway, that is a good way to look at it.

Timing is often everything. My first big business success was a demolition company. We started up a few months after three or four of the biggest in the region had gone to jail for a bid rigging scheme. There was a void and we managed to fill it. Borrowed the money for our first insurance payment, bullshitted our way into G.C.'s offices to offer them bids on their demo scope for whatever project that we saw they had from the old Dodge Reports, and since we had no overhead (or employees, or hammers even) we were pretty fucking cheap. We were also crazy, and did shit that should have killed us (cutting five story fire escape off of the alley side of a building next to a hospital and all kinds of over head electric... while I was standing on it with a fucking rope tied to my waist from the chimney. It fell and took me with it in slow motion. I walked away)

Nine months after we started we had contracted our first million. six months later we had billed that much. Six months after that we had that much in cash reserves,and we were still paying ourselves about $35,000 a year. From there it was like a giant betting parlay. Bought earth moving equipment that we rented when we weren't using it. Bought land. Started other businesses. Dealt a lot of drugs. Did a lot more drugs. Regular American success story. Everybody ended up dead, divorced, broke, or in jail, so what was left got up and did it again. It was pretty nuts, but the business side was something that anybody could do, they just need help learning how, so I semi-retired, AI thought, and started teaching people shit. That turned into owning a piece or all of a bunch of different types of businesses, and with each one I learned more, so I could teach more, and charge more. Today I'm all about pigs and fish and chickens.


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Ron Swanson, dat you?
Props to fender again for callin' me on that and cluing me into that show. Not an exact duplicate, but there's enough there that we would definitely be buds. Fucking swivel shotgun on the desk is absolutely priceless! Gotta make one of them.


Fucking Terry... longest post ever... pishaw
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Old 04-18-2015, 02:19 PM   #76 (permalink)
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1500 balance meant my cash reserve. because I'm poor and that's the least amount of money im willing to have (at this point in time)
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i've struck the absolute perfect balance between gay and smart

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Old 04-18-2015, 02:27 PM   #77 (permalink)
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I think stoneric is a vegetarian not a vegan but I could be wrong.
Lacto-ovo.
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Old 04-18-2015, 03:58 PM   #78 (permalink)
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I didn't read ANY of ^that shit, except


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And you know I wasn't being serious concerning Shadow. I even made a point in a prior thread how I wished all animals used for food were raised like you and Shadow raised yours. But God Damn it, let my pigs live.

I knew you were kidding babe.


OMG she tastes so good tho. Country style ribs on the BBQ last night. Delicious.
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