Are manufactured homes good to live in? I know they are depreciating assets, but are they cheap on utilities, easy to maintain, etc.?
I'm about to turn 22 and have $50K saved up and it's time to move out of my parents house (they want me to move out by this time next year). I want to buy a trailer in cash so I don't have to worry about monthly rent or mortgage (also because I'm self employed and have an irregular income).
I don't think I can afford a brand new one, but maybe I can buy a <5 year old one for $20-30K. Where should I begin... Comment too long. Click here to view the full text.
I'm about to buy a bar; what's next? What do I need to do *right* to minimize costs & maximize profits? Guess the former name & location of this tavern or cafe and I will hire you to head the department of your choice: marketing, booking, production (live shows), staff (bartenders, etc)....
>be pretty good at writing >have ideas for niche-based books(mostly fiction) >write and publish one every few months and spread it around >invest some in marketing >live in cheap asian country from the passive bux
>>962444 I was thinking just travel around and alternate between countries(Thailand, Vietnam etc) with temporary visas. May sound like a bum to /biz/ but it's honestly my ideal lifestyle, just be semi-comfortable and explore on passive income.
What's your monthly income? Debt/Income ratio can be quite telling. I would recommend paying it off at a rate higher than the minimum, but don't just kill your savings in one go. Double minimum tends to work pretty well; just pay 2x the minimum payment. For you, this will probably be 75/month. Considering you will probably only be paying 25 dollars or so max in interest per month, this will be good progress.
Op, just keep doing what you're doing. Don't worry. You're exactly the kind of consumer America needs. Make minimum payments, for the rest of your life, on that debt that's growing at around 30% each month. Just don't default.
>price (of whatever) goes up >people see price goes up so they buy it >because of this price goes up even more >repeat for a while and then usually after a while someone will realize the price doesn't even remotely reflect the true value of whatever, and start to sell, and then everyone sells and the bubbul is poppd
>>962351 In part, greed. The economy wants to continually improve. Companies want to continually improve. Individuals want the same. On an upward trend of profits, when an economy, a firm or an individual starts feeling friction, what do they do? They try to defy gravity, the opposing market forces. This might lead to increasingly unethical and more risky behavior.
>2008 >banks: Well guys, looks like we've lent to all the credible people already... should we... Comment too long. Click here to view the full text.
Hey /biz/ I from the eastern European balkan states. And i have kept reading about debt, credit scores and what not.
> What is this credit score? > Why americans(it seems) always use credit cards? And multiple. > How do you pay your stuff if you have to always use credit to buy stuff. I mean you don't own the money and your income is not large enough to support your life. Why do banks keep giving you credit when they know you can't pay up?
>... Comment too long. Click here to view the full text.
>>962336 The difference? For smart people - at the end of the year, the CC company will give you cash back on money spent. E.g. 1% - 3% on good ones. You spend $1000, you get $30 back. So it makes sense to use CC for purchases.
For dumber people - a way for instant gratification.
Is this one of the smartest business decisions of the year? >original release date of XCOM 2 around the date of Fallout 4 (which is now battling Dota 2 for most played game on steam) >decide to release it 3 months after when virtually no games are releasing to PC and the hype for Fallout 4 finally dissipates >decide to suspend most news about XCOM 2 only releasing a few bits and pieces to keep the hardcore fans following >in addition gives them time to... Comment too long. Click here to view the full text.
>>962281 Considering I didn't even know there was an XCOM 2 coming out, and that I am part of the demographic they'd like to target (early 20 year olds with lots of disposable income), no it was not a good idea
It's easy to inject credit cards into a conversation. After you've been chatting a few hours try to get on that subject, then ask her whether she pays her credit cards off in full each month. If she doesn't just turn around and leave. Block her number and delete any details you might have on her so that you aren't tempted.
As an aside, avoid anyone who plays the lottery or does any other kind of gambling.
>>962165 The biggest red flag is if she always running out of money and having to eat nothing but ramen for several days before getting her next paycheck arrives, same thing if she can't afford to pay her phone/electricity/rent bills until they're overdue.
A slightly smaller red flag is if she frequently buys junk like new clothes and fancy electronics with her credit card, in my experience people who do that usually have at least twice as much debt as they think they do
>>962165 You should be able to tell right away if someone compulsively spends money, I mean all women compulsively spend but if she had a stable father there's no way this could happen. I mean how do you date someone for more than a week without realizing this
We have an over supply problem that is causing pressure on energy prices. Any action in the Middle East is likely to be seen as a potential to restrict supply. While we have OPEC not restricting supply further we will unlikely see any significant reduction in global stockpiles. Should supply be restricted we would no doubt see Shale Oil from the US be increased with the rise in prices restricting the upside value. All in All we need to either see a significant blow to oil producing countries that would limit supply, or a massive shift in demand that would cause demand side pressure.... Comment too long. Click here to view the full text.
What is your goal? Why do you even care about your Finances? Why don't you just take on mountains of debt? You're going to die someday anyways, so why live within your means? Why buy a car when you can Finance it for 8 years and pay 2% interest? Why buy a house when it will take your entire life time to double or triple in value when you can buy a Bugatti that will double or triple in value within 1/3 of your life time? Why try to beat the system, why don't you just go with the flow and become what the system wants you to become? Why must you be so different?
A question similar to this came up in one of my lectures today /biz/, and it got me so riled up, I wanted to flip the desk and throw chairs at some of the answers some students were giving. These people actually agreed with this, and said people who are trying to get out of debt or be financially stable, are a burden on the system, they have too much money and they should be sharing the money with the 99%. Some of my classmates said that they believed that everyone should get a set amount of money per year and live only off that and that wages should be capped by the government. They went so far as to say everyone should live in group homes so there is a greater sense of community and that all luxury cars should be banned because they pollute the environment and are only attainable by the rich which is totally unfair to them.
I couldn't take it anymore so I said the Porsche 918, the McLaren P1, and the LaFerrari as well as the Koenigsegg Regera all pollute as much as a Prius, sometimes less. They have amazing performance, and cost more than a million dollars, some even more than 2 million. Some students got so angry they actually told the Prof I was being a bigot, and the Prof actually told me not to share my views if they were so detrimental to the discussion at hand. I told the Prof that I was done with this hatred I'm seeing here against the wealthy and intelligent individuals that make... Comment too long. Click here to view the full text.
I understand, it's humiliating to be booed out of class and have your professor say mean things. That's not right.
Just keep on going down your path. It's not candy land out there and people are going to hate on us. Are these people worth your time and possible resentment for bludgeoning them to see your side? These are your possible clients, employees, investors, lawmakers, bankers, anyone who could help you succeed. We all have our own opinions. Are you running for public office of the rich peoples party? You don't need to espouse anything to the... Comment too long. Click here to view the full text.
Agribusinesses are losing money because nobody wants to work in the middle of nowhere, even if they're offering some of the highest starting salaries relative to cost of living. Coupled... Comment too long. Click here to view the full text.
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