Some Financial Advice, Especially For The Young 'Uns

[Fat_Sunny]

Fat Is A Big Believer In "Forced Savings". By That He Means Having Money Removed From Your Paycheck Before You Have A Chance To Spend It (Like Going Into A 401K), Or Having Money Automatically Deducted From Your Checking Account On The Same Day Every Month, And Having That Money Go Into A Stock Or Mutual Fund.

About 4 Years Ago, One Of Fat's Customer's Told Him About Sharebuilders. This Is A Discount On-Line Broker (Cheap Trades, Like $7 Each), But You Can Also Sign Up For Plans That Deduct $X From Your Account Each Week Or Month, And Then Put It Into An Investment Of Your Choice.

Even If You Only Have $100 A Month To Save, It Is Good To Get Into The Habit Of Investing It. You Will Be Amazed What Happens To $100 Per Month After 30 Years!

Sharebuilders Is A Great Thing: http://www.sharebuilders.com/

[patsopinion]

what if were broke and unemployed

i make daily deposits of wisdom to rf.net,
is that enough mister fatz?

[Fat_Sunny]

i make daily deposits of wisdom to rf.net,
is that enough mister fatz?

That's Enough To Keep Fat Entertained....But It Ain't Enough To Save For A House Or Have A Nice Retirement!

[patsopinion]

That's Enough To Keep Fat Entertained....But It Ain't Enough To Save For A House Or Have A Nice Retirement!

thats what relatives are for
silly fat- works for suckers

[MrPink]

I would be a little wary of that sharebuilders deal. maybe i'm just crazy, but i would be worried that i check my account and all my money's gone. i recently bought $15,000 in 5 year I Bonds. i think that buying something like that is the best way to save money. you cant get to the money without paying penalties, plus it has inflation protection.

[Tenbatsuzen]

Part of my new job is reviewing articles for retirement and investing, and it put the fear of God in me. Once the wedding is done, I have to start aggressively saving to make up for lost time.

[Thomas Merton]

If you're young, look at life insurance. Its better to get it now while you're young and healthy and can get the best rating and cheapest rates. A Universal plan is a good investment and you can tap into it with no penalty

[MrPink]

Part of my new job is reviewing articles for retirement and investing, and it put the fear of God in me. Once the wedding is done, I have to start aggressively saving to make up for lost time.

you're paying for your wedding?

[Chigworthy]

"Go back to Russia."

[LordJezo]

Part of my new job is reviewing articles for retirement and investing, and it put the fear of God in me. Once the wedding is done, I have to start aggressively saving to make up for lost time.

12% of every paycheck goes into my 401(k).

I am just hoping to be able to afford to retire at age 85 with the way things are going in this world.

[Thebazile78]

you're paying for your wedding?


Yes, of course we're paying something towards our wedding. Why wouldn't we?

[angrymissy]

Unless you come from a super-rich family, 80% of people I know have paid for their own weddings nowadays (we did as well).

[MrPink]

i was told the girl's family pays for the wedding.

[angrymissy]

i was told the girl's family pays for the wedding.

In ye olden days, sure. If the girl's family is super rich, sure. But doesn't it seem much more fair to have the couple both pay for the wedding themselves?

[Jujubees2]

i was told the girl's family pays for the wedding.

Yeah, and her family has to give the groom a goat and a cow as a dowry.

My wife and I paid for most of our wedding 13 years ago (both our families chipped in a little too).

[Jujubees2]

If you're young, look at life insurance. Its better to get it now while you're young and healthy and can get the best rating and cheapest rates. A Universal plan is a good investment and you can tap into it with no penalty

Whole life insurance is a rip-off. You're better off getting term life insurance and investing in a 401K or similar retirement account. I didn't get insurance until my father-in-law died without it, forcing his wife to sell their retirement home because she couldn't afford it. As soon as we got back from the funeral, we both signed up for term insurance.

I was a little late in starting my retirement account (I did it after I married at age 30) but over the past 14 years, I have almost $200,000 in my account, thanks to TIAA-CREF.

[Thebazile78]

i was told the girl's family pays for the wedding.

Are you serious?


I never expected any $$ from my family, which is why it was an especially pleasant turn of events when my mom & step-dad decided that they would contribute.

(My sister, on the other hand, expects our dad to pay for her coach-and-four couture dress fantasy that she's had since she was 7. I laughed in her face and told her to start saving.)

[TheMojoPin]

(My sister, on the other hand, expects our dad to pay for her coach-and-four couture dress fantasy that she's had since she was 7. I laughed in her face and told her to start saving.)

Poor Sheepy.

[Thebazile78]

Poor Sheepy.

With the way things are going, he's probably going to be the one footing the bill. :eek:

Poor Sheepy, indeed.

[Jujubees2]

With the way things are going, he's probably going to be the one footing the bill. :eek:

Poor Sheepy, indeed.

Maybe he can pay in Sheepy Points.

[JustJon]

With the way things are going, he's probably going to be the one footing the bill. :eek:

Poor Sheepy, indeed.

Well, he is rolling in that comic book money now

[King Hippos Bandaid]

Unless you come from a super-rich family, 80% of people I know have paid for their own weddings nowadays (we did as well).

Agreed, My Wife and I Paid for our Wedding in July 2006

[MrPink]

my family is old school. if i get married, its gonna be cheap. the reception will be in my backyard, and we'll have a bunch of kegs and a pig roasting.

[EffMeBoobs]

In ye olden days, sure. If the girl's family is super rich, sure. But doesn't it seem much more fair to have the couple both pay for the wedding themselves?

Yep that's how most people do it these days. Poot and I got married in Disney World and did it on our own dime. The only thing my parents paid for was my dress and my bridal shower. His parents paid for the rehearsal dinner, and that's it...we footed the BIG bill. Plus we own our own place with TWO, count em' TWO mortgages. Ugh. I really need some 401k or even some mutual funds started up now. My job doesn't offer either one, so eventually I'll find a financial planner who can steer us in the right direction.

[patsopinion]

my family is old school. if i get married, its gonna be cheap. the reception will be in my backyard, and we'll have a bunch of kegs and a pig roasting.

deep fried turkey?
i love me some deep fried turkey

(for non rednecks thats when you get a big ass pot of veg oil and you boil the turkey in it, and its suprisingly not that bad for you)(waaaaaaaaaayyyyyyyy better then that shit people do on thanksgiving)