Wednesday 11-5 … A little More on ADVICE.

 Today’s picture:

 

BUT for today:

Advice from my childhood. In my youth one thing my dad kept reminding me, “Do not play the other guy’s game unless you KNOW the rules and are good at it.”

What I Know about investing in stocks:

1.       You can get filthy rich!

2.       You can go dead broke!

Someone I know lost thousands in a few days! Another acquaintance said he had lost 14 million in a day.

I know some about real estate investment. If you have $150,000 that you can invest you can buy a CD and make 3%. OR you can buy a house for $150,000 and rent it out for $1000 a month. That will give you 8%. The house is better than a CD but more involved.

Debt free living is our practice.  Of course we have not always been able to do that.  WE financed one car and had a mortgage on one home. We DO NOT pay interest on Credit Cards; we use two and make money on them. Theys are paid off monthly, and the bank gives us rewards.  We are being paid to use their money. I smile at that ;-)

There is NOTHING wrong with living in debt if you don’t mind paying the interest, can keep up the payments and it doesn’t stress you out.

ME?  I cannot do that, I would be stressed, and it would not be good for my health.

Things have made me roll my eyes. A friend who was earning 6 figures a year, when $12 and hour was good money. He was driving a new truck I said, “Man that is a great truck, I bet you like it.”

“Yeah Jack, I do, and the payments are just $50 more a month than my old one.”  (shocked, I had assumed he had paid for it) He had financed a 20k truck and earned over $100,000 a yr. That amazed me.

Anyway, family finances and how they are handled are personal business. Our attitudes here are set, don’t get it if you cannot pay for it.

When I decided to go into business my girl had something to say about that. (I have probably said it before) Sherry said, “I am all for it, but PROMISE ME you will not go into debt more than we can pay off and NEVER BUILD A HOUSE that we would not live in, because if the bottom falls out, we just might have to do that.

I promised and followed her guidelines, and we did well.

NOW, Not sure if I showed you our latest GGranddaughter Dillon.  If not here is Jack Wiley and Maverick with their new                     sister Dillon (a day old).

Nite Shipslog

PS: 

WE are on the downhill run here in FL. We head back to NC next Monday, where we will start our move, this will be our 26^th move I think. LOL  Since we sold our place in Leesburg to son Mark, our long thought plan is finding a fixer-upper north, maybe the Palatka area (since we love Corky Bell's Sea food) that sounds like a good idea. LOL

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