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spwrozek posted:It is right here: GoGoGadgetChris posted:gently caress there's a whole thread just for self posts?! See you guys in a bit. Need to make my humble brag net worth growth charts.
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Apr 23, 2019 22:07
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Apr 23, 2019 22:09
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Soysaucebeast posted:Poor goon here, but this thread has actually taught me more about finances than my family has. Of course, my mom lives off disability and hasn't had a steady job since I was five. And my dad had no savings, lost his job in the housing bubble, and then just racked up credit card debt until he died (though he did make sure to tell me I wasn't on the hook for any of that). So it's not exactly a high bar.
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Apr 23, 2019 22:57
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Hoodwinker posted:I've been hanging out in BFC for a while now and I don't think I've ever seen anybody in here who doesn't want everybody to be financially successful.
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Apr 23, 2019 23:03
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Now now, we get a lot of entertainment from other people's woes. That's why humble bragging isn't immediately probatable as long as your bragging about a terrible thing you did. But yes, ideally everyone would be GWM and we'd just get a hobby to entertain ourselves. Like horses. And then suddenly we're BWM again.
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Apr 23, 2019 23:05
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Krispy Wafer posted:Now now, we get a lot of entertainment from other people's woes. That's why humble bragging isn't immediately probatable as long as your bragging about a terrible thing you did. BWM: having any hobbies outside of making fun of people on the internet
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Apr 23, 2019 23:06
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moana posted:I don't want everybody to be successful. Specifically, zaurg.
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Apr 23, 2019 23:07
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Is there a goldmine or an archived thread that has details on this Zaurg fellow, for us new denizens
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Apr 23, 2019 23:33
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Aces High posted:Is there a goldmine or an archived thread that has details on this Zaurg fellow, for us new denizens https://forums.somethingawful.com/showthread.php?threadid=3827922 No need for an archive, this poo poo has been going on for 10 years and still live.
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Apr 23, 2019 23:43
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Lmao this guy rules. https://www.youtube.com/watch?v=974Igxkvf34 "If I hadn't hosed myself out of millions as a young man when my investing dollar was worth the most it would be in my entire life, I would've never learned how to get rich!" It's amazing the lengths old people will go to insist they aren't owned, they were right all along, and these drat millennials just don't get it.
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Apr 24, 2019 00:34
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Sundae posted:Yep, quick reminder to everyone that the family-of-four HUD "low income" qualification limit for the Marin, San Francisco and San Mateo Counties is $117,400 now. We can probably cut off the argument about where the guillotine line is and get to your conclusion right now.
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Apr 24, 2019 01:11
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Dik Hz posted:Can't we just guillotine all of San Francisco? Nothing of value would be lost. Pretty harsh attack on the homeless, even for BFC.
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Apr 24, 2019 01:40
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Volkerball posted:Lmao this guy rules. Wow, I wonder where he learned to take to take risks and what would have happened to him if he failed! ...couldn't have had anything to do with his uncle, I'm sure. https://www.huffpost.com/author/martin-t-sosnoff
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Apr 24, 2019 01:52
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totalnewbie posted:Wow, I wonder where he learned to take to take risks and what would have happened to him if he failed! Ahahaha dude is a walking stereotype.
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Apr 24, 2019 02:03
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Fitzy Fitz posted:whooo GoGoGadgetChris posted:Absconding with money, and horses, is he! This didn't get nearly as much love as it deserves
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Apr 24, 2019 03:05
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 https://blog.privatefly.com/air-horse-one-a-private-jet-for-the-equine-passenger
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Apr 24, 2019 05:06
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There's nothing BWM about Flying Coach
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Apr 24, 2019 05:20
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Bring back the Arab Prince Hawk flight.
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Apr 24, 2019 05:34
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Hoodwinker posted:I've been hanging out in BFC for a while now and I don't think I've ever seen anybody in here who doesn't want everybody to be financially successful. We want to help you win. But we also want front row seats if you don't.
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Apr 24, 2019 05:39
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GoGoGadgetChris posted:There's nothing BWM about Flying Coach Those aren’t cattle, son.
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Apr 24, 2019 05:56
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Pretty expensive way to get to the glue factory.
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Apr 24, 2019 07:23
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Beats hoofin' it!
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Apr 24, 2019 07:26
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There’s a new miniseries on Showtime called Action. It’s about sports betting. The main character of sorts is a guy who went on a lucky run betting big with his parents life savings on some underdogs, and now sells lovely football bets for $500 a pop. Maybe more BWL than BWM, but there’s still plenty of that, I think. https://youtu.be/gS3EDXyynrg
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Apr 24, 2019 07:44
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Enfys posted:I wonder what's happening with the kids in all this if she's in rehab for a month and he's traveling to three cities this week and there's chaos with the house being foreclosed etc. Hating their parents, probably. The military idiots thread is pretty much cheating for BWM, a story that would be total sthd.txt has goons chiming in with 'oh yeah, I've seen that three times this year'.
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Apr 24, 2019 13:24
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Wolfy posted:There’s a new miniseries on Showtime called Action. It’s about sports betting. The main character of sorts is a guy who went on a lucky run betting big with his parents life savings on some underdogs, and now sells lovely football bets for $500 a pop. Maybe more BWL than BWM, but there’s still plenty of that, I think. Getting other people to pay you for sports picks is great with money. The people who get lucky and win probably just keep giving you more.
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Apr 24, 2019 16:18
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One of my husband's coworkers just bought like 40 acres of farmland to lease out to tenant farmers. I don't think he even owns his own home. Apparently the seller's Also, here in Nebraska, climate change is hitting us hard. Every couple years we have a historic flood that breaks all the previous records, and in between we keep getting record-setting heat waves. Buying farmland is the last thing I would do, but I guess if you're a landlord you're somewhat insulated from it. E: I'm waiting with bated breath to hear what the new survey reveals. E2: oh that bonus is for a 9 year commitment minimum, plenty of time to get stationed a thousand miles away BonerGhost fucked around with this message at 16:40 on Apr 24, 2019 |
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Apr 24, 2019 16:37
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BonerGhost posted:One of my husband's coworkers just bought like 40 acres of farmland to lease out to tenant farmers. I don't think he even owns his own home. Apparently the seller's You are such a tease I feel like I should be paying you for this service. This is perfect in every way. He doesn't even have a building to burn down for the insurance fraud.
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Apr 24, 2019 17:15
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Is tenant farming still a thing?
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Apr 24, 2019 17:23
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He bought 40 acres of farmland without verifying how much of that is actually usable? Sub 40 acres is nothing in terms of modern agribusiness. Being a small landlord for tenant farmers with the idea of making money is...uh  Enfys fucked around with this message at 18:15 on Apr 25, 2019 |
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Apr 24, 2019 17:29
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Badger of Basra posted:Is tenant farming still a thing? Crop share lease agreements are common. Standard agreement in Eastern Oregon dryland wheat farming is a 40/60 (farmer gets 60 percent and owner gets 40 percent of crop) split with arrangements made for things like who's equipment is used, if you can store things in the barn, and how much of the fuel and fertilizer the landowner will pay for. It enables the farmer to put together enough land to make a living without having to pay 3k/acre when a decent spread needs to be a minimum of 1500 or 2000 acres if you are keeping all the crop to sell. Edit: you wouldn't bother with less than a quarter section in dryland farming out there, but it's pretty dry country. If you were irrigated it might be worth it for less land, especially if you are leasing from other adjoining land owners. therobit fucked around with this message at 17:32 on Apr 24, 2019 |
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Apr 24, 2019 17:29
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Badger of Basra posted:Is tenant farming still a thing? I doubt it, but I know a few people who rent farmland out. The farmers don't live there, but you can essentially get enough to cover your taxes on the land.
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Apr 24, 2019 17:31
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Badger of Basra posted:Is tenant farming still a thing?
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Apr 24, 2019 17:33
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Salt Fish posted:I doubt it, but I know a few people who rent farmland out. The farmers don't live there, but you can essentially get enough to cover your taxes on the land. Pretty common in Colorado for running cattle. We will get easements or lay down years for projects and the owner will be good but also need to coordinate with the lessees. The owner will be in about state or country frequently.
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Apr 24, 2019 17:37
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Badger of Basra posted:Is tenant farming still a thing? Yes. And the lease rates are shockingly low. I don't know why anyone would think they could cashflow farmland they have a note on. https://www.nass.usda.gov/Surveys/Guide_to_NASS_Surveys/Cash_Rents_by_County/ Salt Fish posted:you can essentially get enough to cover your taxes on the land. That's what I'm seeing in regards to the places where I know the property tax rates.
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Apr 24, 2019 18:31
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Krispy Wafer posted:isn't immediately probatable as long as your bragging about a terrible thing you did. If self-post exceptions can be made for terrible things you did, I will offer this cautionary tale to Stay Away From Financial Advisers My family uses the same "wealth management firm" that Marc Zuckerberg, Jack Dorsey, and the Robinhood founders use or previously used. My apple fell pretty drat far from the family tree, but as an immediate family member of their more minted clients, I can maintain an account with them with a much lower minimum. Here's my most recent statement summary.  Absolutely obliterated by a full S&P 500 portfolio, even before considering their 1% annual fee and the enormous tax bill I'll be receiving for all the churning they did. The only money I gave them was a 2010 inheritance. Its total return since 2010? 20% without considering 9 years of 1% fees and taxable events. Never ever ever ever ever ever use one of these services, even if they frame themselves as The Best of the Best and throw a list of wealthy celebrity clients at you. My name is GoGoGadgetChris and I'm bad with money and I'll see you in 6 hours
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Apr 24, 2019 21:18
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Over half of Iowa’s cropland is owned by a non-operator. A good chunk of that is retired farmers leasing the land for cash rents, but there are also doctors and lawyers that buy land to lease out. The farmer gets more acreage to scale without the land side of the capital equation, with land typically earning a return of 2-3%, so it’s not something you buy for massive income, more of a passive income/price speculation deal so a farmer is going to focus on higher return activities before buying land if there is equal available for lease. Nebraska land is at least less screwed relative to Kansas as the aquifer is less tapped out there and recharges somewhat better. Edit: Survey for those interested, only 20% is owner operated acreage in Iowa. https://www.extension.iastate.edu/agdm/wholefarm/html/c2-78.html crazypeltast52 fucked around with this message at 21:40 on Apr 24, 2019 |
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Apr 24, 2019 21:37
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Yeah I suppose I should have clarified, tenant farming is very much a thing here and dude bought it as a passive income generator (like every other officer in the air force) so on its own isn't hugely BWM (e: but IDK how much the note is v  v ). But when you start looking at other circumstances, like not buying as much land as you thought you did (just how???), or having to hire an agent for when you're constantly deployed/stationed elsewhere, starts looking pretty dumb and a pain in the rear end. Like if you're not going to own a home because of the effort and expenses, why buy farmland to lease to farmers who don't have the money/sense to buy their own farm? I also hate farmers so the whole thing sounds like a perfect storm of bullshit I never want to touch. Of course all these jackasses flush with bonus money have poisoned my husband's mind, and he's coming home asking me what I know about drop shipping and thinking real estate would be a good idea because I can define "escrow," "title insurance," and "earnest money".  Supposedly he's pulling in $8k/mo from this thing alone and claims his only expenses are this survey and some tree trimming, but he can't have owned it more than a year based on when bonuses came out. At this point, I better not see this dude in the tax center next year looking to have his poo poo handled by volunteers. And should something happen and you need to leave/get kicked out over a DUI or not promoting, you have to pay back that bonus. BonerGhost fucked around with this message at 22:10 on Apr 24, 2019 |
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Apr 24, 2019 22:05
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GoGoGadgetChris posted:If self-post exceptions can be made for terrible things you did, I will offer this cautionary tale to Stay Away From Financial Advisers My math says this works out to annualized returns of 1.05% lmfao. Good thing you got that actively managed to eek that out; would have been terrible to have it in a s&p index fund over that same period to earn 12% per year.
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Apr 24, 2019 22:38
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If only there was some way to own a small ownership share in several hundred companies. Alas, the only good way to establish a passive income is to buy farmland and become a landlord.
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Apr 24, 2019 22:59
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crazypeltast52 posted:Over half of Iowa’s cropland is owned by a non-operator. A good chunk of that is retired farmers leasing the land for cash rents, but there are also doctors and lawyers that buy land to lease out. The farmer gets more acreage to scale without the land side of the capital equation, with land typically earning a return of 2-3%, so it’s not something you buy for massive income, more of a passive income/price speculation deal so a farmer is going to focus on higher return activities before buying land if there is equal available for lease.
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Apr 25, 2019 00:24
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